CBL & Associates Properties Inc., a U.S. shopping-mall owner, said the Securities and Exchange Commission is conducting an investigation of four of the company’s loans originated in 2011 and 2012.
review is to ensure that information provided to lenders on leasing
reports, revenue and projected revenue “did not materially vary” from
CBL’s financial statements, the Chattanooga, Tennessee-based real estate
investment trust said in a statement Monday. CBL hired Ernst &
Young to conduct an independent investigation, the findings of which
will be presented to the SEC.. . . more