Macerich is a self-administered and self-managed real estate investment trust. Co. is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the U.S. Co. is the sole general partner of, and owns a majority of the ownership interests in The Macerich Partnership, L.P. (the Operating Partnership). As of Dec 31 2012, the Operating Partnership owned or had an ownership interest in 61 regional shopping centers and nine community/power shopping centers. Co. conducts all of its operations through the Operating Partnership and its management companies.
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