Schedule III-Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2014

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III-Real Estate and Accumulated Depreciation Disclosure

	Initial Cost to Company									Gross Amount at Which Carried at Close of Period
Shopping Centers/Entities	Land		Building and Improvements		Equipment and Furnishings		Cost Capitalized Subsequent to Acquisition			Land		Building and Improvements		Equipment and Furnishings		Construction in Progress		Total		Accumulated Depreciation		Total Cost Net of Accumulated Depreciation
Arrowhead Towne Center	$	36,687	$	386,662	$	—	$	5,593		$	36,687	$	390,949	$	587	$	719	$	428,942	$	23,749	$	405,193
Black Canyon Auto Park	20,600		—		—		11,448			32,046		—		—		2		32,048		—		32,048
Capitola Mall	20,395		59,221		—		12,593			20,392		70,286		1,226		305		92,209		30,432		61,777
Cascade Mall	19,253		9,671		—		(676		)	18,699		9,501		48		—		28,248		274		27,974
Chandler Fashion Center	24,188		223,143		—		14,269			24,188		232,306		5,106		—		261,600		82,644		178,956
Danbury Fair Mall	130,367		316,951		—		96,784			142,751		395,362		5,942		47		544,102		104,765		439,337
Deptford Mall	48,370		194,250		—		45,576			61,029		224,815		2,352		—		288,196		52,405		235,791
Desert Sky Mall	9,447		37,245		12		2,246			9,082		38,853		953		62		48,950		5,356		43,594
Eastland Mall	22,050		151,605		—		4,906			22,066		155,715		780		—		178,561		13,815		164,746
Estrella Falls	10,550		—		—		61,328			9,405		—		—		62,473		71,878		—		71,878
Fashion Outlets of Chicago	—		—		—		250,542			40,575		207,432		2,170		365		250,542		13,988		236,554
Fashion Outlets of Niagara Falls USA	18,581		210,139		—		99,001			27,681		273,148		1,103		25,789		327,721		26,073		301,648
Flagstaff Mall	5,480		31,773		—		16,874			5,480		47,951		696		—		54,127		16,510		37,617
The Marketplace at Flagstaff Mall	—		—		—		52,830			—		52,830		—		—		52,830		16,372		36,458
FlatIron Crossing	109,851		333,540		—		16,821			109,851		347,830		1,514		1,017		460,212		25,877		434,335
Freehold Raceway Mall	164,986		362,841		—		97,368			168,098		452,330		4,767		—		625,195		134,182		491,013
Fresno Fashion Fair	17,966		72,194		—		47,132			17,966		117,511		1,754		61		137,292		52,076		85,216
Great Northern Mall	12,187		62,657		—		(20,870		)	6,981		46,704		289		—		53,974		20,693		33,281
Green Acres Mall	156,640		321,034		—		41,084			156,640		331,971		3,222		26,925		518,758		24,260		494,498
Kings Plaza Shopping Center	209,041		485,548		20,000		43,955			209,041		522,896		21,903		4,704		758,544		34,229		724,315
La Cumbre Plaza	18,122		21,492		—		24,530			17,280		46,327		345		192		64,144		20,965		43,179
Lakewood Center	140,928		534,952		—		1,666			140,928		536,408		210		—		677,546		2,758		674,788
Los Cerritos Center	85,670		612,803		—		2,669			85,670		555,646		76		59,750		701,142		2,572		698,570
Macerich Management Co.	—		8,685		26,562		32,910			1,967		7,608		52,504		6,078		68,157		41,308		26,849
MACWH, LP	—		25,771		—		16,017			11,557		27,455		—		2,776		41,788		6,990		34,798
Northgate Mall	8,400		34,865		841		103,212			13,414		130,229		3,180		495		147,318		60,674		86,644
NorthPark Mall	7,746		74,661		—		5,917			7,885		79,986		441		12		88,324		8,141		80,183
Oaks, The	32,300		117,156		—		241,248			55,527		330,909		2,457		1,811		390,704		101,862		288,842
Pacific View	8,697		8,696		—		128,517			7,854		135,586		2,470		—		145,910		54,078		91,832
Panorama Mall	4,373		17,491		—		9,719			4,857		24,328		475		1,923		31,583		9,048		22,535
Paradise Valley Mall	24,565		125,996		—		42,492			35,921		154,362		2,297		473		193,053		57,816		135,237
See accompanying report of independent registered public accounting firm.

	Initial Cost to Company									Gross Amount at Which Carried at Close of Period
Shopping Centers/Entities	Land		Building and Improvements		Equipment and Furnishings		Cost Capitalized Subsequent to Acquisition			Land		Building and Improvements		Equipment and Furnishings		Construction in Progress		Total		Accumulated Depreciation		Total Cost Net of Accumulated Depreciation
Paradise Village Ground Leases	8,880		2,489		—		(6,876		)	3,870		623		—		—		4,493		281		4,212
Paradise Village Office Park II	1,150		1,790		—		3,222			2,300		3,583		279		—		6,162		2,158		4,004
Promenade at Casa Grande	15,089		—		—		84,999			8,851		91,170		67		—		100,088		32,259		67,829
Queens Center	251,474		1,039,922		—		243			251,474		1,039,424		104		637		1,291,639		4,476		1,287,163
Santa Monica Place	26,400		105,600		—		299,484			44,292		359,222		7,901		20,069		431,484		66,589		364,895
SanTan Adjacent Land	29,414		—		—		6,505			30,506		—		—		5,413		35,919		—		35,919
SanTan Village Regional Center	7,827		—		—		193,020			6,344		193,478		1,025		—		200,847		71,474		129,373
SouthPark Mall	7,035		38,215		—		11,901			7,479		43,276		260		6,136		57,151		3,554		53,597
South Plains Mall	23,100		92,728		—		34,152			23,100		124,678		1,732		470		149,980		54,543		95,437
Southridge Center	6,764		—		—		18,670			6,514		18,828		91		1		25,434		1,505		23,929
Stonewood Center	4,948		302,527		—		26			4,948		302,527		26		—		307,501		1,561		305,940
Superstition Springs Center	10,928		112,718		—		1,282			9,273		113,358		89		2,208		124,928		3,942		120,986
Superstition Springs Power Center	1,618		4,420		—		6			1,618		4,343		83		—		6,044		1,464		4,580
Tangerine (Marana), The Shops at	36,158		—		—		(9,591		)	16,922		—		—		9,645		26,567		—		26,567
The Macerich Partnership, L.P.	—		2,534		—		9,942			—		—		6,301		6,175		12,476		1,971		10,505
Towne Mall	6,652		31,184		—		3,796			6,877		34,308		447		—		41,632		11,668		29,964
Tucson La Encantada	12,800		19,699		—		55,378			12,800		74,580		497		—		87,877		36,868		51,009
Twenty Ninth Street	—		37,843		64		210,459			23,599		223,399		1,244		124		248,366		86,659		161,707
Valley Mall	16,045		26,098		—		6,829			15,616		32,996		330		30		48,972		3,133		45,839
Valley River Center	24,854		147,715		—		20,124			24,854		166,096		1,743		—		192,693		44,199		148,494
Victor Valley, Mall of	15,700		75,230		—		50,537			20,080		119,247		2,140		—		141,467		34,332		107,135
Vintage Faire Mall	14,902		60,532		—		55,147			17,647		111,432		1,502		—		130,581		56,694		73,887
Washington Square	89,659		652,310		—		454			89,886		650,155		151		2,231		742,423		3,016		739,407
Westside Pavilion	34,100		136,819		—		70,923			34,100		201,490		5,876		376		241,842		88,683		153,159
Wilton Mall	19,743		67,855		—		19,653			19,810		86,190		1,117		134		107,251		24,438		82,813
500 North Michigan Avenue	12,851		55,358		—		5,985			10,991		50,254		113		12,836		74,194		5,338		68,856
Mervyn's (former locations)	10,094		68,660		—		12,738			9,449		73,481		456		8,106		91,492		19,373		72,119
Other land and development properties	49,913		—		—		34,868			37,573		14,401		113		32,694		84,781		5,902		78,879
	$	2,105,538	$	7,923,288	$	47,479	$	2,701,577		$	2,242,291	$	10,079,773	$	152,554	$	303,264	$	12,777,882	$	1,709,992	$	11,067,890

Depreciation of the Company's investment in buildings and improvements reflected in the consolidated statements of operations are calculated over the estimated useful lives of the asset as follows:

Buildings and improvements	5 - 40 years
Tenant improvements	5 - 7 years
Equipment and furnishings	5 - 7 years

The changes in total real estate assets for the three years ended December 31, 2014 are as follows:

	2014			2013			2012
Balances, beginning of year	$	9,181,338		$	9,012,706		$	7,489,735
Additions	4,042,409			943,159			1,909,530
Dispositions and retirements	(445,865		)	(774,527		)	(386,559		)
Balances, end of year	$	12,777,882		$	9,181,338		$	9,012,706

   The aggregate gross cost of the property included in the table above for federal income tax purposes was $8,035,421 (unaudited) at December 31, 2014.

The changes in accumulated depreciation for the three years ended December 31, 2014 are as follows:

	2014			2013			2012
Balances, beginning of year	$	1,559,572		$	1,533,160		$	1,410,692
Additions	289,178			284,500			241,231
Dispositions and retirements	(138,758		)	(258,088		)	(118,763		)
Balances, end of year	$	1,709,992		$	1,559,572		$	1,533,160

See accompanying report of independent registered public accounting firm.