AcquisitionMacerich Company's acquisition of Crabtree Valley Mall, a market-dominant mall, is expected to enhance the company's asset portfolio and leasing opportunities.
Future GrowthThe pipeline growth to $87 million, with a 10% uplift in average base rent, indicates a positive outlook for future net operating income growth.
LeasingThe leasing momentum showcased continued progress with 1.7 million square feet leased year-to-date, surpassing the full-year plan.