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Derivative Instruments and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative instruments
The following derivatives were outstanding at March 31, 2020:
Fair Value
PropertyNotional AmountProductLIBOR RateMaturityMarch 31,
2020
December 31,
2019
Santa Monica Place$300,000  Cap4.00 %12/9/2020$—  $—  
The Macerich Partnership, L.P.$400,000  Swaps2.85 %9/30/2021$(15,446) $(9,051)