CBL Properties announced that Michael A. Torres has been appointed to the Company's board of directors. Mr. Torres was also appointed to serve as a member of the Company's Audit Committee. Mr. Torres serves as chief executive officer and portfolio manager of Adelante Capital Management, LLC, a minority-owned investment management firm focused on publicly traded real estate securities.

Mr. Torres joined the firm in February 1995. Prior to joining Adelante, Mr. Torres was the director of real estate research and a portfolio manager for Wilshire Asset Management. At Wilshire, he created the Wilshire Real Estate Securities Index, widely recognized as the industry's performance benchmark.

Mr. Torres serves on the board of directors of Colovore LLC and Renova Therapeutics, Investment Committee for the Stern Grove Festival Foundation, and the BEE Partners LP Advisory Board. Mr. Torres received a B.A. in Architecture and an M.B.A. from University of California, Berkeley.