<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2026 Workiva-->
<!--r:019cb990-dcc4-7133-81c7-8d7aabe711f3,g:336ba0f5-34f4-4ee9-bfb3-f594a7561f1a-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.whlr.us/role/Cover" xlink:type="simple" xlink:href="cdr-20260305.xsd#Cover"/>
  <link:presentationLink xlink:role="http://www.whlr.us/role/Cover" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract_019cb990-dcc4-7932-8b55-3d689d475370" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CoverAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationTable_019cb990-dcc4-7256-9d70-995dee37e42a" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentInformationTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019cb990-dcc4-7932-8b55-3d689d475370" xlink:to="loc_dei_DocumentInformationTable_019cb990-dcc4-7256-9d70-995dee37e42a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019cb990-dcc4-7a56-81e9-b8f0493cf70f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationTable_019cb990-dcc4-7256-9d70-995dee37e42a" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019cb990-dcc4-7a56-81e9-b8f0493cf70f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019cb990-dcc4-738e-9906-64aedf991979" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019cb990-dcc4-7a56-81e9-b8f0493cf70f" xlink:to="loc_us-gaap_ClassOfStockDomain_019cb990-dcc4-738e-9906-64aedf991979" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SeriesBPreferredStockMember_019cb990-dcc4-784c-9f2d-a46eb471e618" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SeriesBPreferredStockMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019cb990-dcc4-738e-9906-64aedf991979" xlink:to="loc_us-gaap_SeriesBPreferredStockMember_019cb990-dcc4-784c-9f2d-a46eb471e618" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SeriesCPreferredStockMember_019cb990-dcc4-7160-ba47-e0bd2e0042c2" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SeriesCPreferredStockMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019cb990-dcc4-738e-9906-64aedf991979" xlink:to="loc_us-gaap_SeriesCPreferredStockMember_019cb990-dcc4-7160-ba47-e0bd2e0042c2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentInformationLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationTable_019cb990-dcc4-7256-9d70-995dee37e42a" xlink:to="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType_019cb990-dcc4-73fa-bef1-6b043d150f8e" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentType"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:to="loc_dei_DocumentType_019cb990-dcc4-73fa-bef1-6b043d150f8e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_019cb990-dcc4-7914-8800-20e6e31116f3" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentPeriodEndDate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:to="loc_dei_DocumentPeriodEndDate_019cb990-dcc4-7914-8800-20e6e31116f3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName_019cb990-dcc4-7718-8038-7fb30aa3ab49" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityRegistrantName"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:to="loc_dei_EntityRegistrantName_019cb990-dcc4-7718-8038-7fb30aa3ab49" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode_019cb990-dcc4-7d36-97c9-fc305cebf7d1" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:to="loc_dei_EntityIncorporationStateCountryCode_019cb990-dcc4-7d36-97c9-fc305cebf7d1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber_019cb990-dcc4-745e-8e90-bab4315447be" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFileNumber"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:to="loc_dei_EntityFileNumber_019cb990-dcc4-745e-8e90-bab4315447be" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber_019cb990-dcc4-7a59-a2d5-6e3bb0c9115a" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:to="loc_dei_EntityTaxIdentificationNumber_019cb990-dcc4-7a59-a2d5-6e3bb0c9115a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1_019cb990-dcc4-73b4-9d6c-2d7e0f88eea8" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine1"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:to="loc_dei_EntityAddressAddressLine1_019cb990-dcc4-73b4-9d6c-2d7e0f88eea8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown_019cb990-dcc4-7ebb-8b8b-5b1b03a3b0d3" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCityOrTown"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:to="loc_dei_EntityAddressCityOrTown_019cb990-dcc4-7ebb-8b8b-5b1b03a3b0d3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince_019cb990-dcc4-7d05-b08f-a12bd1cbcdfb" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressStateOrProvince"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:to="loc_dei_EntityAddressStateOrProvince_019cb990-dcc4-7d05-b08f-a12bd1cbcdfb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode_019cb990-dcc4-76e9-88d0-5a402de78b77" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressPostalZipCode"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:to="loc_dei_EntityAddressPostalZipCode_019cb990-dcc4-76e9-88d0-5a402de78b77" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode_019cb990-dcc4-7523-947a-8a2184f0bf8c" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CityAreaCode"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:to="loc_dei_CityAreaCode_019cb990-dcc4-7523-947a-8a2184f0bf8c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber_019cb990-dcc4-73c5-9e60-f8828d264247" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_LocalPhoneNumber"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:to="loc_dei_LocalPhoneNumber_019cb990-dcc4-73c5-9e60-f8828d264247" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_WrittenCommunications_019cb990-dcc4-78ad-a906-a12a2995bbd1" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_WrittenCommunications"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:to="loc_dei_WrittenCommunications_019cb990-dcc4-78ad-a906-a12a2995bbd1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SolicitingMaterial_019cb990-dcc4-73c2-9e2c-8354b1fe277f" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SolicitingMaterial"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:to="loc_dei_SolicitingMaterial_019cb990-dcc4-73c2-9e2c-8354b1fe277f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementTenderOffer_019cb990-dcc4-7d99-817b-28054df1ea19" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementTenderOffer"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:to="loc_dei_PreCommencementTenderOffer_019cb990-dcc4-7d99-817b-28054df1ea19" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementIssuerTenderOffer_019cb990-dcc4-7dce-bab8-bd6d9881b1b4" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementIssuerTenderOffer"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:to="loc_dei_PreCommencementIssuerTenderOffer_019cb990-dcc4-7dce-bab8-bd6d9881b1b4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle_019cb990-dcc4-7eaf-a2d6-a8b862ab483b" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12bTitle"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:to="loc_dei_Security12bTitle_019cb990-dcc4-7eaf-a2d6-a8b862ab483b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol_019cb990-dcc4-783d-931e-a747226c4cee" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_TradingSymbol"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:to="loc_dei_TradingSymbol_019cb990-dcc4-783d-931e-a747226c4cee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName_019cb990-dcc4-750e-8f24-e02e9c0d60bc" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SecurityExchangeName"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:to="loc_dei_SecurityExchangeName_019cb990-dcc4-750e-8f24-e02e9c0d60bc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany_019cb990-dcc4-7bab-aa55-7e76b37c3e87" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:to="loc_dei_EntityEmergingGrowthCompany_019cb990-dcc4-7bab-aa55-7e76b37c3e87" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey_019cb990-dcc4-71a5-8381-7ff0f0e63d9d" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCentralIndexKey"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:to="loc_dei_EntityCentralIndexKey_019cb990-dcc4-71a5-8381-7ff0f0e63d9d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag_019cb990-dcc4-724d-8ad1-15975ca90ebf" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AmendmentFlag"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019cb990-dcc4-792f-8551-be2044f2e9f2" xlink:to="loc_dei_AmendmentFlag_019cb990-dcc4-724d-8ad1-15975ca90ebf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
</link:linkbase>
