The historic retail brand Macy’s may now be worth more in real estate than in consumer goods, and investors are proposing that the company shut down operations and sell everything.

“Activist investment firm Barington Capital and private equity firm Thor Equities said in a proposal Monday that called on the company to make drastic changes to boost its stock price,” as reported by CNN.

“The problem, they say, is Macy’s is sitting on real estate that is more valuable than the company itself — an untenable situation that masks the true value of the company. Macy’s struggles are making its stock so unattractive that it is worth less than the sum of its parts, they argue.”

The investors are valuing Macy’s real estate to be “worth up to $9 billion on the open market. They say Macy’s can squeeze more value out of its real estate by paying rent to a subsidiary controlling the property. The company could also sell space to developers to build on Macy’s real estate, like hotels, apartments or offices.”

Macy’s isn’t looking to take this advice and responded to the proposal, in a statement they are committed to “delivering sustainable, profitable growth and driving shareholder value.” Macy’s said it was confident in its strategy, which includes closing underperforming stores and investing in its top 50 stores with better staffing and new merchandise.”