Jackson Hsieh on asset sales
From Macerich CEO Charts Bold Path to Growth and Efficiency in 2025 · · Nareit1
“Year to date we're already very, very active; we've announced $1.2 billion of assets that are either for sale, closed, or in the process of renegotiation with lenders. I suspect that we'll be much more complete in our process going into 2025.”
On , Jackson Hsieh, President, Chief Executive Officer & Director at MACERICH CO, spoke about asset sales during Macerich CEO Charts Bold Path to Growth and Efficiency in 2025 on Nareit1.
About Jackson Hsieh
Jackson Hsieh, president and CEO of Macerich, discussed the company's progress and plans during a video interview at Nareit's REITworld: 2024 Annual conference. He stated that investor questions have focused on the company's "path forward plan" and included topics such as the incoming administration, tariffs, labor, interest rates, and inflation. Hsieh noted that Macerich has been active in asset management, announcing $1.2 billion in assets that are either for sale, closed, or in renegotiation with lenders, and he said he expects the process to be "much more complete" by 2025. Hsieh also highlighted new process improvement initiatives aimed at transitioning the company to a five-year operating platform. He expressed excitement about improvements to forecasting, describing the work as in its middle stages and stating that the company will lay out those processes and tools for 2025 and beyond.