Triad Investment Management Initiates $4 Million Bet on Beaten-Down Mall Owner Macerich

Triad Investment Management initiated a new stake in Macerich, a retail REIT, buying 206,916 shares worth $3.82 million. The position now accounts for 3.87% of the fund's assets under management. Macerich's shares have underperformed the S&P 500 by 19.53 percentage points over the past year, but the firm has maintained a focus on balance sheet discipline and asset quality. The new position in Macerich fits within Triad's broader portfolio, which includes media, technology, industrials, and short-duration fixed income exposure.