Monday, June 15, 2009

Macerich is selling assets

The WSJ reported last week that Macerich is selling off assets, but only named Queens Center Mall on Long Island. There are probably other Malls listed somewhere, but we'll hold off on identifying them until we get more color.

What is more interesting to us at this point, is a list of all the CMBS deals Macerich has loans in, so let's start with that:

In addition to the Danbury Fair Mall deal and 05-xlf, note that the BIX deal has two exposures that total over 20% of the deal.

The data in this report is a little dated, and I previously noted that Macerich reifed a couple of mortgages back in April. I also put out a list in May that highlights all maturities in the REIT space - I encourage you to take a look.

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Annuity Quotes said...
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