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Schedule III-Real Estate and Accumulated Depreciation
12 Months Ended
Dec. 31, 2021
SEC Schedule, 12-28, Real Estate Companies, Investment in 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/EntitiesLandBuilding and
Improvements
Equipment
and
Furnishings
Cost Capitalized
Subsequent to
Acquisition
LandBuilding and
Improvements
Equipment
and
Furnishings
Construction
in Progress
TotalAccumulated
Depreciation
Total Cost
Net of
Accumulated
Depreciation
Chandler Fashion Center$24,188 $223,143 $— $32,631 $24,188 $246,967 $5,205 $3,602 $279,962 $132,622 $147,340 
Danbury Fair Mall130,367 316,951 — 113,156 141,479 390,915 10,124 17,956 560,474 171,291 389,183 
Desert Sky Mall9,447 37,245 12 6,543 9,082 41,232 2,933 — 53,247 16,496 36,751 
Eastland Mall22,050 151,605 — 11,990 20,810 162,693 2,130 12 185,645 49,685 135,960 
Fashion District Philadelphia38,402 293,112 — 6,262 39,962 296,775 235 804 337,776 9,505 328,271 
Fashion Outlets of Chicago— — — 275,149 40,575 228,900 4,550 1,124 275,149 80,811 194,338 
Fashion Outlets of Niagara Falls USA18,581 210,139 — 105,795 23,762 308,480 2,183 90 334,515 108,446 226,069 
The Marketplace at Flagstaff— — — 45,855 — 45,855 — — 45,855 28,944 16,911 
Freehold Raceway Mall164,986 362,841 — 126,120 168,098 476,181 9,258 410 653,947 236,094 417,853 
Fresno Fashion Fair17,966 72,194 — 56,980 17,966 125,844 3,091 239 147,140 69,798 77,342 
Green Acres Mall156,640 321,034 — 190,705 177,378 458,349 10,886 21,766 668,379 155,232 513,147 
Inland Center8,321 83,550 — 36,548 10,291 117,704 380 44 128,419 34,449 93,970 
Kings Plaza Shopping Center209,041 485,548 20,000 277,854 205,012 676,363 60,084 50,984 992,443 178,069 814,374 
La Cumbre Plaza18,122 21,492 — 19,436 13,856 45,004 190 — 59,050 26,776 32,274 
Macerich Management Co.1,150 10,475 26,562 27,857 3,878 17,942 43,270 954 66,044 29,453 36,591 
MACWH, LP— 25,771 — 12,461 10,777 27,455 — — 38,232 11,964 26,268 
NorthPark Mall7,746 74,661 — 11,350 7,076 85,985 696 — 93,757 31,363 62,394 
Oaks, The32,300 117,156 — 268,973 56,387 357,987 3,558 497 418,429 194,018 224,411 
Pacific View8,697 8,696 — 137,922 7,854 145,911 1,550 — 155,315 84,979 70,336 
Prasada6,615 — — 23,373 3,114 26,445 — 429 29,988 2,337 27,651 
Queens Center251,474 1,039,922 — 54,263 256,786 1,082,404 5,892 577 1,345,659 212,717 1,132,942 
Santa Monica Place26,400 105,600 — 317,936 42,513 316,488 6,624 84,311 449,936 124,540 325,396 
SanTan Adjacent Land29,414 — — 10,276 26,902 — — 12,788 39,690 — 39,690 
SanTan Village Regional Center7,827 — — 219,174 5,921 219,354 1,713 13 227,001 115,796 111,205 
Sears South Plains8,170 11,130 — 1,057 — — — 20,357 20,357 — 20,357 
SouthPark Mall7,035 38,215 — (7,985)2,899 33,932 434 — 37,265 17,796 19,469 
Southridge Center6,764 — — 6,973 1,963 11,659 115 — 13,737 7,788 5,949 
Stonewood Center4,948 302,527 — 13,158 4,935 315,115 583 — 320,633 69,719 250,914 
Superstition Springs Center10,928 112,718 — 11,687 10,928 123,344 1,061 — 135,333 32,155 103,178 
Superstition Springs Power Center1,618 4,420 — (98)1,194 4,709 37 — 5,940 2,415 3,525 
The Macerich Partnership, L.P.— 2,534 — 5,969 — 1,138 7,365 — 8,503 1,827 6,676 
Towne Mall6,652 31,184 — 5,110 6,877 35,620 350 99 42,946 18,746 24,200 
See accompanying report of independent registered public accounting firm.
 Initial Cost to Company Gross Amount at Which Carried at Close of Period  
Shopping Centers/EntitiesLandBuilding and
Improvements
Equipment
and
Furnishings
Cost Capitalized
Subsequent to
Acquisition
LandBuilding and
Improvements
Equipment
and
Furnishings
Construction
in Progress
TotalAccumulated
Depreciation
Total Cost
Net of
Accumulated
Depreciation
Valley Mall16,045 26,098 — 12,675 14,506 40,064 248 — 54,818 16,513 38,305 
Valley River Center24,854 147,715 — 35,224 24,854 180,766 1,896 277 207,793 79,922 127,871 
Victor Valley, Mall of15,700 75,230 — 54,907 20,080 124,161 1,596 — 145,837 66,260 79,577 
Vintage Faire Mall14,902 60,532 — 59,758 17,417 114,524 1,580 1,671 135,192 80,686 54,506 
Wilton Mall19,743 67,855 — (3,052)11,310 72,044 1,155 37 84,546 48,449 36,097 
Other freestanding stores5,926 31,785 — (5,369)4,906 27,142 294 — 32,342 14,584 17,758 
Other land and development properties37,850 — — (21,594)6,322 6,555 — 3,379 16,256 1,099 15,157 
$1,370,869 $4,873,078 $46,574 $2,557,029 $1,441,858 $6,992,006 $191,266 $222,420 $8,847,550 $2,563,344 $6,284,206 
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, 2021 are as follows:
202120202019
Balances, beginning of year$9,256,712 $8,993,049 $8,878,820 
Additions100,616 419,369 176,690 
Dispositions and retirements(509,778)(155,706)(62,461)
Balances, end of year$8,847,550 $9,256,712 $8,993,049 

   The aggregate cost of the property included in the table above for federal income tax purposes was $8,877,859 (unaudited) at December 31, 2021.

The changes in accumulated depreciation for the three years ended December 31, 2021 are as follows:
202120202019
Balances, beginning of year$2,562,133 $2,349,536 $2,093,044 
Additions282,158 287,925 287,846 
Dispositions and retirements(280,947)(75,328)(31,354)
Balances, end of year$2,563,344 $2,562,133 $2,349,536 


See accompanying report of independent registered public accounting firm.