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The Macerich Company (MAC) is one we've been monitoring for years but never owned. We've always found better relative value in peers like Simon Property Group (SPG). Several subscribers owned MAC prior to joining our service and asked if we'd author research on it.
To make a long story short, Macerich is increasingly desperate to be included alongside Taubman (TCO) and Simon in the "highest quality" mall owner and operator group.
Quick Update: Prior to submitting this article to Seeking Alpha editors for review, Simon purchased Taubman.