Macerich (NYSE:MAC) (NYSE: MAC) is a real estate investment trust specializing in the acquisition, development, leasing and management of regional shopping centers throughout the United States. The company’s portfolio is anchored by dominant retail properties that offer a broad mix of fashion, dining, entertainment and service-oriented tenants. As a fully integrated owner and operator, Macerich oversees property operations, marketing, tenant relations and capital improvements designed to enhance long-term value and shopper engagement.
Founded in 1964 by Eugene Lebowitz and originally named Major Properties, the company adopted its current name in 1968 and has since grown through strategic acquisitions and joint ventures. Key milestones include the integration of substantial portfolios in the late 2000s and the acquisition of a high-quality retail portfolio from the California Public Employees’ Retirement System (CalPERS) in 2015. Macerich has continually reinvested in its assets through redevelopment initiatives aimed at modernizing common areas, introducing experiential retail concepts and expanding mixed-use offerings.
The company’s properties are concentrated in leading metropolitan markets on the West Coast, the Southwest, the East Coast and in key gateway regions. Signature assets include Tysons Galleria in Virginia, Scottsdale Fashion Square in Arizona and Santa Monica Place in California. These properties are positioned to serve affluent consumer demographics and draw from extensive regional trade areas, while Macerich’s adaptive asset-management approach supports evolving retail trends, including omnichannel fulfillment and lifestyle programming.
Under the leadership of President and Chief Executive Officer Thomas O’Hern and Chief Financial Officer Carrie A. Brown, Macerich continues to refine its strategic focus on property revitalization, tenant mix optimization and sustainable development practices. The management team leverages data analytics, market research and collaborative partnerships to drive occupancy, enhance shopper experiences and generate long-term returns for shareholders.
