Macerich Acquires Annapolis Mall for $272M

Macerich expects a yield on the Annapolis Mall acquisition of approximately 9.2% based on estimated Year 1 net operating income ("NOI") of approximately $24 million and a yield of approximately 10.5% based on an estimated Year 1 NOI of approximately $29 million, which includes annualized signed-not-open leases ("SNO").