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Derivative Instruments and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative instruments The following derivatives were outstanding at March 31, 2021:
Fair Value
PropertyNotional AmountProductLIBOR RateMaturityMarch 31,
2021
December 31,
2020
Santa Monica Place$300,000 Cap4.00 %12/9/2021$— $— 
The Macerich Partnership, L.P.$400,000 Swaps2.85 %9/30/2021$(5,514)$(8,208)