This latest disposition is consistent with Macerich's strategy of recycling capital out of non-core assets and into its core portfolio of irreplaceable retail destinations in hub and gateway U.S. cities.
Macerich currently owns 54 million square feet of real estate consisting primarily of interests in 48 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 Pacific Rim, Arizona, Chicago, and the New York Metro area to Washington DC corridor. Additional information about Macerich can be obtained from the Company's website at www.macerich.com.
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Jean Wood, Vice President - Investor Relations, 424-229-3366 or John Perry, Senior Vice President - Investor Relations, 424-229-3345 or Thomas O'Hern, Senior Executive Vice President and Chief Financial Officer, 310-394-6000