<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
_________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) August 20, 1998
(August 10, 1998)
THE MACERICH COMPANY
--------------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
Maryland 1-12504 95-4448705
- -------------------------------------------------------------------------------
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
401 Wilshire Boulevard, Suite 700, Santa Monica, CA 90401
---------------------------------------------------------------------------
(Address of Principal Executive Offices)
Registrant's telephone number, including area code (310) 394-6911
N/A
- -------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
Item 5. Other Events
---------------------------
On August 10, 1998, Macerich Carmel Limited Partnership, a
wholly-owned subsidiary of The Macerich Company (the "Registrant") and
Macerich Partnership, L.P., acquired a 100% interest in the Carmel Plaza
Shopping Center, a shopping mall containing approximately 115,000 square
feet, in an asset sale. The sellers were Carmel Land Company, LLC and Carmel
Plaza Associates, LLC ("Sellers"). The assets acquired include, among
other things, real property, the buildings and improvements located thereon,
certain lease interests, tangible and intangible personal property and rights
related thereto.
The purchase price was approximately $45.5 million in cash, and
was determined in good faith, arms length negotiations between Registrant and
the Sellers. In negotiating the purchase price the Registrant considered,
among other factors, the mall's historical and projected cash flow, the
nature and term of existing tenancies and leases, the current operating
costs, the expansion availability, the physical condition of the property,
and the terms and conditions of available financing. No independent
appraisals were obtained by the Registrant. The Registrant intends to
continue operating the mall as currently operated and leasing the space
therein to national and local retailers.
The description contained herein of the transaction described
above does not purport to be complete.
2
<PAGE>
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
----------------------------------------------
(a) Financial statements of Business Acquired*
(b) Pro Forma Financial Statements*
* It is impracticable to provide the financial statements and pro forma
financial information regarding the acquisition of Carmel Plaza Shopping
Center with this filing. The financial statements and pro forma financial
information will be filed under cover of Form 8-K/A as soon as practicable.
3
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
The Macerich Company has duly caused this report to be signed on its behalf
by the undersigned, hereunto duly authorized, in the City of Santa Monica,
State of California, on August 20, 1998.
THE MACERICH COMPANY
By: /s/Thomas E. O'Hern
-------------------
Thomas E. O'Hern
Senior Vice President and
Chief Financial Officer
4
