Macerich Targets 9% to 11% Yield on Mall Deal Due by Year-End

Macerich expects to close an off-market mall acquisition by year-end 2026, with a projected stabilized yield of 9% to 11%, President and CEO Jackson Hsieh said Nov. 4. The yield is a projection for the property once stabilized, not a reported current return. The deal remains under contract and subject to customary closing conditions. Macerich has not identified the property or disclosed its price. Hsieh said the company would not discuss the transaction further before it closes. Macerich plans to fund the purchase entirely with equity, using part of $372 million in unsettled forward equity.

Source: TokenPost