Macerich Recycling Funds into High-Quality Retail Developments

After an active year for disposals in 2013, mall REIT Macerich (NYSE: MAC) remains focused on pruning its least productive assets in order to plough funds back into higher-quality retail developments.

“We want to be the best in terms of quality,” said Art Coppola, Macerich chairman and CEO, in an interview with “We think we’re going to have a powerhouse of a company, and we’re very happy with the direction that we’re going.”


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