Macerich

#3080

Rank

$3.95B

Marketcap

United States

Country

Leadership team

Mr. Scott W. Kingsmore (Sr. EVP, CFO & Treasurer)

Mr. Thomas E. O'Hern CPA (CEO & Director)

Mr. Edward C. Coppola (Pres & Director)

Products/ Services

Enterprise Software, Intellectual Property, Real Estate

Number of Employees

500 - 1000

Headquarters

Santa Monica, California, United States

Established

1964

Company Registration

SEC CIK number: 0000912242

Revenue

500M - 1B

Traded as

MAC

Social Media

URL

https://www.macerich.com

Overview

Location

Recognition and Award

References

Summary

Macerich is a fully integrated, self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Macerich currently owns 51 million square feet of real estate consisting primarily of interests in 47 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence in the West Coast, Arizona, Chicago and the Metro New York to Washington, DC corridor. A recognized leader in sustainability, Macerich has achieved the #1 GRESB ranking in the North American Retail Sector for five straight years (2015 ? 2019).

History

The company traces its antecedents to the MaceRich Real Estate Company founded in New York in 1964 by Mace Siegel and Richard Cohen who combined their first names to name their company.In 1994, the company became a public company via an initial public offering.In 2002, Macerich acquired Phoenix, Arizona-based Westcor for $1.475 billion. The purchase added 9 properties to Macerich's portfolio making them the largest mall owner in the Phoenix Metropolitan Area.In 2005, the company acquired most of Rochester, New York-based Wilmorite Properties's portfolio for $2.333 billion, adding 11 shopping centers to Macerich's portfolio including Tysons Corner Center.In 2006, the company name was rebranded to "Macerich."On April 1, 2015, the company rejected a $16.8 billion takeover offer from Simon Property Group, claiming that the offer undervalued the company. Simon withdrew the offer.

Mission

Macerich's mission is to redevelop, operate, and manage high-quality shopping centers in premier cities, towns, and neighborhoods throughout the United States.

Vision

Macerichs vision to bring exciting new uses to one of the countrys best-performing retail properties has created a vibrant, transit-friendly community that has drawn top corporate names, become a sought-after place to live and expanded the reach of our retailers. This exceptional project has created new value for our company, our retailers and the Northern Virginia community

Key Team

Mr. Christopher J. Zecchini (Sr. VP & Chief Accounting Officer)

Ms. Ann C. Menard (Sr. EVP, Chief Legal Officer & Sec.)

Samantha Greening (Director of Investor Relations)

Mr. Douglas J. Healey (Sr. EVP & Head of Leasing)

Ms. Olivia Bartel Leigh (Exec. VP of Portfolio Operations & People)

Mr. Robert F. Beffa (Sr. VP of Real Estate)

Mr. Kenneth L. Volk (Exec. VP of Bus. Devel.)

Recognition and Awards

Macerich has won numerous awards for its innovative redevelopment and management efforts, including GLA Best Mall of the Year, ICSC Best Shopping Center Design, and ICSC Best Specialty Retail Concept.