马切里奇报告战略计划的初步进展

2024-05-16 18:18

Macerich (NYSE:MAC) Thursday announced its purchase of the remaining 40% share of both Arrowhead Towne Center (Metro Phoenix) and South Plains Mall (Lubbock, Texas) for $36.5 million plus the debt, which for Arrowhead is a 7.2% cap rate, from its joint venture partner, a global institutional investor.
This transaction, which closed on May 14, gives Macerich full ownership of both properties.
Additionally, Macerich (MAC) has executed a contract for the sale of an open-air asset in a major market.
The transaction is expected to generate about $110,000 million of net proceeds based on an expected cap rate of 6.5% and is anticipated to close this summer.
With these transactions, Macerich (MAC) is acting on its strategic plan that includes disposing of certain assets to reduce leverage and simplifying its business through selectively consolidating certain JV interests over time.
Source: Press Release

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