Macerich Co.
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Macerich Co. - overview
Established
1965
Location
Santa Monica, CA, US
Primary Industry
Commercial Property
About
Macerich Co. is a premier owner, operator, and developer of retail destinations, focusing on creating vibrant shopping environments that blend retail, dining, and entertainment to enhance community experiences. Macerich Co. was founded in 1965 and is headquartered in Santa Monica, US.
The company specializes in managing shopping centers that act as community hubs. Thomas O'Hern currently serves as CEO. Macerich is a notable owner, operator, and developer of premium retail destinations across major U. S.
markets. The company specializes in managing shopping centers that serve as integral community hubs, combining retail, dining, entertainment, and residential offerings. Their core product includes high-quality retail environments designed to attract top-tier retailers and engage consumers in unique shopping experiences. Macerich's properties, such as Tysons Corner Center in Virginia and Scottsdale Fashion Square in Arizona, cater to diverse consumer demographics, including luxury shoppers and families seeking comprehensive entertainment options.
By providing a platform for events, promotions, and digital content, Macerich enhances brand exposure and customer interaction, ultimately driving foot traffic and fostering customer loyalty. The company’s retail centers are strategically located in affluent markets, including Southern California, New York, and the Southwest, ensuring a robust clientele and strong market presence. In the most recent year of 2024, Macerich reported a revenue of USD 918. 20 mn and an EBITDA of USD 329.
50 mn. The company's revenue is primarily generated through leasing space to retailers and restaurants within its shopping centers, utilizing long-term leasing agreements that combine fixed rental payments with variable components based on sales performance. Macerich aims to enhance its portfolio by exploring new product offerings tailored to changing consumer preferences and expanding its presence in key markets. The company is targeting strategic locations in affluent urban areas for future developments, ensuring a strong market presence.
Recent funding will support these initiatives, focusing on enhancing the shopping experience and fostering community connections.
Primary Industry
Commercial Property
Sub Industries
Commercial Property
Website
www.macerich.com
Verticals
Real Estate Tech
Total Amount Raised
Subscriber access only
Macerich Co. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| N/A | Completed | Green Acres Mall | - | ||||||||
| Trade Sale | Completed | Flatiron Crossing | - | ||||||||
| Buyout | Completed | Flatiron Crossing | - |
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