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Investments in Unconsolidated Joint Ventures - Combined Condensed Balance Sheets of Unconsolidated Joint Ventures (Details) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Assets(1):    
Properties, net $ 3,480,942 [1] $ 3,435,737 [1]
Other assets 281,207 [1] 295,719 [1]
Total assets 3,762,149 [1] 3,731,456 [1]
Liabilities and partners' capital(1):    
Mortgage notes payable(2) 3,506,953 [1],[2] 3,518,215 [1],[2]
Other liabilities 200,166 [1] 202,444 [1]
Company's deficit (3,799) [1] (25,367) [1]
Outside partners' capital 58,829 [1] 36,164 [1]
Total liabilities and partners' capital 3,762,149 [1] 3,731,456 [1]
Investments in unconsolidated joint ventures:    
Company's deficit (3,799) [1] (25,367) [1]
Basis adjustment(3) 473,848 [3] 474,658 [3]
Investments in unconsolidated joint ventures 470,049 449,291
Assets—Investments in unconsolidated joint ventures 724,630 701,483
Liabilities—Distributions in excess of investments in unconsolidated joint ventures $ (254,581) $ (252,192)
[1] These amounts include the assets and liabilities of the following joint ventures as of March 31, 2014 and December 31, 2013: PacificPremierRetail LP TysonsCorner LLCAs of March 31, 2014: Total Assets$763,917 $359,088Total Liabilities$809,622 $879,938As of December 31, 2013: Total Assets$775,012 $356,871Total Liabilities$812,725 $887,413
[2] Certain mortgage notes payable could become recourse debt to the Company should the joint venture be unable to discharge the obligations of the related debt. As of March 31, 2014 and December 31, 2013, a total of $33,540 could become recourse debt to the Company. As of March 31, 2014 and December 31, 2013, the Company had an indemnity agreement from a joint venture partner for $16,770 of the guaranteed amount.Included in mortgage notes payable are amounts due to affiliates of Northwestern Mutual Life ("NML") of $709,538 and $712,455 as of March 31, 2014 and December 31, 2013, respectively. NML is considered a related party because it is a joint venture partner with the Company in Macerich Northwestern Associates—Broadway Plaza. Interest expense on these borrowings was $9,724 and $6,943 for the three months ended March 31, 2014 and 2013, respectively.
[3] 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 $1,424 and $2,562 for the three months ended March 31, 2014 and 2013, respectively.