---
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"
generated_at: "2026-05-18T23:12:30.710883+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Macerich acquires Crabtree Mall in Raleigh, NC for $290M; initial yield ~11%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-145249
- JSON: https://secwatch.observer/filing/0001193125-25-145249.json
- Plain text: https://secwatch.observer/filing/0001193125-25-145249.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.