The Macerich Company is a fully integrated self-managed and self-administered real estate investment trust. The Company focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. As of March 31, 2014, the Company owned 55 million square feet of real estate consisting primarily of interests in 52 regional shopping centers. Macerich specializes in retail properties in California, Arizona, Chicago and the Greater New York Metro area.