Macerich Co., a real estate investment trust, said Tuesday it closed five major loan financings and committed to a sixth financing for a total of $1.05 billion. The five transactions that closed totaled $895 million and generated excess proceeds above prior loans of $576 million, which were used to pay down Macerich’s line of credit. Macerich owns about 77 million square feet of leasable area, mostly consisting of interests in 72 regional malls. Link.
http://blog.retailtrafficmag.com/retail_tr…

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