The Macerich Company MAC

MAC Company Overview

The Macerich Company is a U.S.-based real estate investment trust (REIT) focused on the acquisition, leasing, management, development, and redevelopment of retail real estate. The company primarily owns and operates high-quality regional shopping centers, mixed-use retail properties, and urban retail destinations in densely populated and high-income markets across the United States. Macerich operates within the commercial real estate and retail property sectors, with revenue generated mainly through tenant rents, percentage rents tied to tenant sales, leasing activity, and property management income.

Macerich’s portfolio is concentrated in major metropolitan markets with strong demographic characteristics, particularly in California, New York, Arizona, and Washington, D.C. The company has evolved from a traditional mall owner into a retail and mixed-use redevelopment operator, emphasizing experiential retail, dining, residential integration, and entertainment uses. Founded in 1964 by Mace Siegel, Richard Cohen, and Herman Tycher, the company became publicly traded in 1994 and has since expanded through acquisitions, joint ventures, and redevelopment projects targeting premier “A-tier” retail assets.