Description

Macerich operates as a fully integrated and self-sufficient real estate investment trust (REIT), independently managing every facet of its extensive portfolio. This encompasses the acquisition, development, leasing, and ongoing management and revitalization of premier regional shopping centers throughout the United States. The company's substantial holdings comprise over 51 million square feet of real estate, predominantly consisting of interests in 47 major regional retail properties. Macerich strategically targets high-performing retail assets located within many of the nation's most attractive and densely populated urban markets. It boasts a significant footprint in critical regions, including the West Coast, Arizona, Chicago, and the expansive corridor stretching from Metro New York to Washington, D.C. Beyond its commercial success, Macerich is also recognized as a vanguard in environmental stewardship, consistently achieving the top GRESB ranking within the North American Retail Sector for an impressive five consecutive years, from 2015 through 2019.