Macerich has also partnered with Industrious to open co-working spaces at its Scottsdale Fashion Square and Broadway Plaza malls.
Of course, there will be,” said senior EVP and head of leasing Douglas Healey. Many … How Macerich Makes a Good Investment Thesis for Malls By focusing on luxury shopping destinations and evolving with the times, this REIT mall operator has defied the downward trends in retail.
“But in the long run, I’m confident that the town centers we have worked so hard to develop will continue to be extremely well-positioned. CARES Act & Small Business Resources. Macerich has begun to reopen its malls, but it received only 26% of retail tenants' rents for the month of April and 18% so far in May. Ensuring all cleaning staff wear masks and gloves at all times. Using sanitizing and disinfectant formulas recommended by the CDC. Of course, there will be,” said senior EVP and head of leasing Douglas Healey. )“Will there be short-term disruption? That said, these three retail landlords should not be viewed as interchangeable. Over $830 average sales psf (top 40 properties) Leasing Unparalleled collection of properties.
Thirteen of Macerich’s malls in the states of Arizona, Colorado, Indiana, Iowa, Missouri and Texas have partially reopened. “As we all continue to navigate these difficult and very unprecedented times, we understand the many challenges our tenants are facing in light of COVID-19.
Once again, a big positive for the trio here. Returns as of 07/30/2020.Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.Then there was a positive update on a medication that appears to help people who have contracted the coronavirus. By attracting new types of tenants, Macerich is pioneering a … Brick-and-mortar stores aren’t going away, and that’s just a fact. “As we all continue to navigate these difficult and very unprecedented times, we understand the many challenges our tenants are facing in light of COVID-19. )“Will there be short-term disruption?
We will work in partnership with our tenants to collect past due rent.”The real estate giant — whose portfolio spans 47 shopping centers across the United States — announced in its first-quarter conference call yesterday that it collected only 26% of its rents for the month of April.More than 90% of Macerich’s revenues stems from leases. Cleaning and disinfecting entrance door handles, handrails and restrooms throughout the day. MAC is trading at its cheapest price since the financial crisis and its cap rate is now close to 8.5%.
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