MCRE, LLC - Henry McClure -

Date: January 26, 2026 The Macerich Company (NYSE: MAC) stands as one of the most resilient players in American retail real estate. Founded in 1964 as MaceRich Real Estate Company by Mace Siegel and Richard Cohen in New York, it began as a modest developer of strip centers and shopping properties. Over six decades, Macerich has grown into a leading REIT focused on high-quality regional malls and mixed-use centers, navigating booms, busts, crises, and the rise of e-commerce. Founding and Early Growth (1964–1994) Macerich started small, building and managing retail properties primarily in the Midwest and Northeast. A pivotal early figure was Dana K. Anderson , a University of Kansas (KU) graduate from Salina, Kansas, who joined in 1966—shortly after the company's start—and became one of its key founders and long-term leaders. Anderson, who would later serve as Executive Vice President, Chief Operating Officer, and Vice Chairman of the Board (eventually Vice Chairman Emeritus), playe...

Estimated Market Value: 752 Acres in Auburn, Kansas The current market value for 752 acres of land in or near Auburn, Kansas (Shawnee County), is estimated to fall between $7.7 million and $15.4 million , depending on the specific characteristics of the parcel. Shawnee County median price per acre (2024–2025 data) : ≈ $10,197 → 752 acres × $10,197 ≈ $7.67 million (most representative baseline for typical rural land) Higher-end listings in/near Auburn (smaller parcels) : ≈ $20,533/acre → 752 acres × $20,533 ≈ $15.44 million (achievable for parcels with development potential, better access, or location advantages) Valuation Comparison Table Land Type / Data Source Average Price per Acre Estimated Value (752 acres) Shawnee County median $10,197 $7.7 million Auburn-area listing average (smaller parcels) $20,533 $15.4 million Eastern Kansas non-irrigated cropland $7,479 $5.6 million Statewide Kansas farmland average (2024) $2,970 $2.2 million Key Factors That Determine the Actual Value Lo...