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Investments in Unconsolidated Joint Ventures (Tables)
 12 Months Ended
Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Ownership Interest in Joint Ventures
The following are the Company's operating properties in various unconsolidated joint ventures with third parties. The Company's direct or indirect ownership interest in each joint venture as of December 31, 2021 was as follows:
Joint VentureOwnership %(1)
AM Tysons LLC50.0 %
Biltmore Shopping Center Partners LLC50.0 %
Corte Madera Village, LLC50.1 %
Country Club Plaza KC Partners LLC50.0 %
HPP-MAC WSP, LLC—One Westside25.0 %
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 %
Pacific Premier Retail LLC—Various Properties60.0 %
Propcor II Associates, LLC—Boulevard Shops50.0 %
PV Land SPE, LLC5.0 %
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 %
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:
20212020
Assets(1):  
Property, net$8,289,412 $8,721,551 
Other assets750,629 774,583 
Total assets$9,040,041 $9,496,134 
Liabilities and partners' capital(1):  
Mortgage and other notes payable$5,686,500 $5,942,478 
Other liabilities325,115 397,483 
Company's capital1,638,112 1,711,944 
Outside partners' capital1,390,314 1,444,229 
Total liabilities and partners' capital$9,040,041 $9,496,134 
Investment in unconsolidated joint ventures:  
Company's capital$1,638,112 $1,711,944 
Basis adjustment(2)(448,149)(479,678)
$1,189,963 $1,232,266 
Assets—Investments in unconsolidated joint ventures1,317,571 $1,340,647 
Liabilities—Distributions in excess of investments in unconsolidated joint ventures(127,608)(108,381)
$1,189,963 $1,232,266 

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(1)These amounts include the assets of $2,789,568 and $2,857,757 of Pacific Premier Retail LLC (the "PPR Portfolio") as of December 31, 2021 and 2020, respectively, and liabilities of $1,661,110 and $1,687,042 of the PPR Portfolio as of December 31, 2021 and 2020, 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 $10,276, $13,168 and $18,834 for the years ended December 31, 2021, 2020 and 2019, 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, 2021   
Revenues:   
Leasing revenue$168,842 $631,139 $799,981 
Other62 57,083 57,145 
Total revenues168,904 688,222 857,126 
Expenses:   
Shopping center and operating expenses40,298 246,692 286,990 
Leasing expense1,286 4,392 5,678 
Interest expense63,072 147,545 210,617 
Depreciation and amortization97,494 253,561 351,055 
Total operating expenses202,150 652,190 854,340 
Loss on sale of assets— (9,178)(9,178)
Net (loss) income$(33,246)$26,854 $(6,392)
Company's equity in net (loss) income$(10,866)$26,555 $15,689 
Year Ended December 31, 2020   
Revenues:   
Leasing revenue171,505 633,357 804,862 
Other614 18,439 19,053 
Total revenues172,119 651,796 823,915 
Expenses:   
Shopping center and operating expenses37,018 240,139 277,157 
Leasing expense1,325 4,173 5,498 
Interest expense64,460 151,857 216,317 
Depreciation and amortization102,788 285,948 388,736 
Total operating expenses205,591 682,117 887,708 
(Loss) gain on sale of assets(120)157 37 
Net loss$(33,592)$(30,164)$(63,756)
Company's equity in net loss$(10,371)$(16,667)$(27,038)
PPR PortfolioOther
Joint
Ventures		Total
Year Ended December 31, 2019   
Revenues:   
Leasing revenue$187,789 $712,860 $900,649 
Other1,598 49,184 50,782 
Total revenues189,387 762,044 951,431 
Expenses:
Shopping center and operating expenses37,528 250,598 288,126 
Leasing expense1,598 6,695 8,293 
Interest expense67,354 150,111 217,465 
Depreciation and amortization100,490 273,565 374,055 
Total operating expenses206,970 680,969 887,939 
Loss on sale of assets(452)(380)(832)
Net (loss) income$(18,035)$80,695 $62,660 
Company's equity in net (loss) income$(590)$49,098 $48,508