{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-145249","form_type":"8-K","ticker":"MAC","cik":"0000912242","company_name":"MACERICH CO","filed_at":"2025-06-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.774274+00:00","generated_at":"2026-05-18T23:12:30.710883+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Macerich acquires Crabtree Mall in Raleigh, NC for $290M; initial yield ~11%","bullets":["Acquisition of 1.3M sq ft Class A mall in Raleigh, NC for $290M funded with cash on hand and $100M revolver.","Expected initial yield of ~11% on estimated 2025 NOI, rising to ~12.5% after leased-but-not-opened rents commence.","Macerich plans ~$60M redevelopment/leasing investment from 2025-2028 to enhance property performance.","Expects to replace revolver draw with $160M two-year term loan at SOFR+250 bps within 30 days.","Deal is accretive to Path Forward Plan 2028 FFO targets and marks entry into Southeastern US."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-145249","json":"https://secwatch.observer/filing/0001193125-25-145249.json","markdown":"https://secwatch.observer/filing/0001193125-25-145249.md","text":"https://secwatch.observer/filing/0001193125-25-145249.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/912242/000119312525145249/0001193125-25-145249-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/912242/000119312525145249/d13142d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T23:12:30.710883+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}