Macerich's Comeback: Why This Mall REIT Could Be A Hidden Gem For 2025

Company Overview - The Macerich Company (NYSE: MAC) is a Real Estate Investment Trust (REIT) focused on high-quality regional shopping centers in major U.S. markets such as California, New York, and Arizona [1] - The company owns approximately 40 properties, totaling around 43 million square feet of retail space [1] Investment Strategy - Noor Darwish, a former management consultant at The Boston Consulting Group, covers and invests in companies trading at significant discounts to their net asset value or liquidation value [1] - Darwish has successfully rotated his portfolio into crypto-related equities, achieving a 250% gain by investing in GDLC at $6 per share and selling at $21 [1] - He has also transitioned his portfolio into other Grayscale private placements, realizing an 80% gain in 6 months [1] Tax Strategy - Darwish relocated to Puerto Rico to benefit from a 0% capital gains tax rate on equities and cryptocurrencies under the Act 60 program, anticipating capital gains on his GDLC position [1] - The 250% gain and subsequent gains will be untaxed due to this relocation [1] Job Application Service - The company OverApply, run by Darwish, provides a job application service that allows clients to outsource their job search to human virtual assistants [1] - OverApply has applied to over 300,000 jobs on behalf of its clients, resulting in more than 4,000 interviews and over 500 job offers [1]