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Investments in Unconsolidated Joint Ventures (Tables)
 12 Months Ended
Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Ownership Interest in Joint Ventures
The following are the Company's direct or indirect investments in various unconsolidated joint ventures with third parties. The Company's direct or indirect ownership interest in each joint venture as of December 31, 2019 was as follows:
Joint VentureOwnership %(1)
443 Wabash MAB LLC50.0 %
AM Tysons LLC50.0 %
Biltmore Shopping Center Partners LLC50.0 %
CAM-CARSON LLC—Los Angeles Premium Outlets50.0 %
Coolidge Holding LLC37.5 %
Corte Madera Village, LLC50.1 %
Country Club Plaza KC Partners LLC50.0 %
Fashion District Philadelphia—Various Entities50.0 %
Goodyear Peripheral LLC41.7 %
HPP-MAC WSP, LLC—One Westside25.0 %
Jaren Associates #412.5 %
Kierland Commons Investment LLC50.0 %
Macerich HHF Broadway Plaza LLC—Broadway Plaza50.0 %
Macerich HHF Centers LLC—Various Properties51.0 %
MS Portfolio LLC50.0 %
New River Associates LLC—Arrowhead Towne Center60.0 %
North Bridge Chicago LLC50.0 %
One Scottsdale Investors LLC50.0 %
Pacific Premier Retail LLC—Various Properties60.0 %
Propcor II Associates, LLC—Boulevard Shops50.0 %
Scottsdale Fashion Square Partnership50.0 %
TM TRS Holding Company LLC50.0 %
Tysons Corner LLC50.0 %
Tysons Corner Hotel I LLC50.0 %
Tysons Corner Property Holdings II LLC50.0 %
Tysons Corner Property LLC50.0 %
West Acres Development, LLP19.0 %
Westcor/Surprise Auto Park LLC33.3 %
WMAP, L.L.C.—Atlas Park, The Shops at50.0 %
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(1)The Company's ownership interest in this table reflects its direct or indirect legal ownership interest. Legal ownership may, at times, not equal the Company’s economic interest in the listed entities because of various provisions in certain joint venture agreements regarding distributions of cash flow based on capital account balances, allocations of profits and losses and payments of preferred returns. As a result, the Company’s actual economic interest (as distinct from its legal ownership interest) in certain of the properties could fluctuate from time to time and may not wholly align with its legal ownership interests. Substantially all of the Company’s joint venture agreements contain rights of first refusal, buy-sell provisions, exit rights, default dilution remedies and/or other break up provisions or remedies which are customary in real estate joint venture agreements and which may, positively or negatively, affect the ultimate realization of cash flow and/or capital or liquidation proceeds.
Combined and Condensed Balance Sheets of Unconsolidated Joint Ventures and Other Related Information
Combined and Condensed Balance Sheets of Unconsolidated Joint Ventures as of December 31:
20192018
Assets(1):  
Property, net$9,424,591  $9,241,003  
Other assets772,116  703,861  
Total assets$10,196,707  $9,944,864  
Liabilities and partners' capital(1):  
Mortgage and other notes payable$6,144,685  $6,050,930  
Other liabilities565,412  388,509  
Company's capital1,904,145  1,913,475  
Outside partners' capital1,582,465  1,591,950  
Total liabilities and partners' capital$10,196,707  $9,944,864  
Investment in unconsolidated joint ventures:  
Company's capital$1,904,145  $1,913,475  
Basis adjustment(2)(492,350) (535,808) 
$1,411,795  $1,377,667  
Assets—Investments in unconsolidated joint ventures1,519,697  $1,492,655  
Liabilities—Distributions in excess of investments in unconsolidated joint ventures(107,902) (114,988) 
$1,411,795  $1,377,667  
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(1)These amounts include the assets of $2,932,401 and $3,047,851 of Pacific Premier Retail LLC (the "PPR Portfolio") as of December 31, 2019 and 2018, respectively, and liabilities of $1,732,976 and $1,859,637 of the PPR Portfolio as of December 31, 2019 and 2018, respectively.

(2)The Company amortizes the difference between the cost of its investments in unconsolidated joint ventures and the book value of the underlying equity into income on a straight-line basis consistent with the lives of the underlying assets. The amortization of this difference was $18,834, $12,793 and $16,562 for the years ended December 31, 2019, 2018 and 2017, respectively.
Combined and Condensed Statements of Operations of Unconsolidated Joint Ventures
Combined and Condensed Statements of Operations of Unconsolidated Joint Ventures:
PPR PortfolioOther
Joint
Ventures		Total
Year Ended December 31, 2019   
Revenues:   
Leasing revenue$187,789  $712,860  $900,649  
Other1,598  49,184  50,782  
Total revenues189,387  762,044  951,431  
Expenses:   
Shopping center and operating expenses37,528  250,598  288,126  
Leasing expenses1,598  6,695  8,293  
Interest expense67,354  150,111  217,465  
Depreciation and amortization100,490  273,565  374,055  
Total operating expenses206,970  680,969  887,939  
Loss on sale of assets(452) (380) (832) 
Net (loss) income$(18,035) $80,695  $62,660  
Company's equity in net (loss) income$(590) $49,098  $48,508  
Year Ended December 31, 2018   
Revenues:   
Leasing revenue186,924  727,328  914,252  
Other905  41,420  42,325  
Total revenues187,829  768,748  956,577  
Expenses:   
Shopping center and operating expenses39,283  246,652  285,935  
Interest expense(1)67,117  145,915  213,032  
Depreciation and amortization97,885  248,778  346,663  
Total operating expenses204,285  641,345  845,630  
(Loss) gain on sale of assets(140) 14,471  14,331  
Net (loss) income$(16,596) $141,874  $125,278  
Company's equity in net (loss) income$(16) $71,789  $71,773  
PPR Portfolio  Other
Joint
Ventures 		 Total  
Year Ended December 31, 2017   
Revenues:   
Leasing revenue$190,186  $719,406  $909,592  
Other1,848  37,018  38,866  
Total revenues192,034  756,424  948,458  
Expenses:
Shopping center and operating expenses41,340  243,271  284,611  
Interest expense(1)67,053  131,714  198,767  
Depreciation and amortization101,625  250,921  352,546  
Total operating expenses210,018  625,906  835,924  
(Loss) gain on sale of assets(36) 33,861  33,825  
Net (loss) income$(18,020) $164,379  $146,359  
Company's equity in net (loss) income$(453) $85,999  $85,546  
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