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The Macerich Company is a real estate investment trust listed on the New York Stock Exchange under the symbol of MAC. The company is an owner/operator of regional malls in the United States, including California, Oregon, Washington, Arizona and Colorado. Since 1964, The Macerich Company has acquired dominant regional malls and transformed those properties through redevelopment, leasing, management and marketing. The company s portfolio of malls is one of the most productive in the country with occupancy levels at 93.5 percent and tenant sales of $416 per square foot for 2005. The Macerich Company s portfolio consists of 80 million square feet of gross leasable area consisting primarily of interests in nearly 80 regional malls. The Macerich Company is headquartered in Santa Monica, Calif.