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Macerich Acquires Remaining Stake In Five Regional Malls From JV Partner

Santa Monica REIT Transaction Values Canadian Teachers Pension’s Interest at Nearly $1.9B In Stock and Assumed Debt
CoStar News
November 19, 2014 | 4:49 AM

The Macerich Co. (NYSE: MAC) has acquired its joint venture partner’s 49% stake in five super regional malls totaling more than 6.7 million square feet for $1.22 billion in common stock and $673 million in assumed debt.

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