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Investments in Unconsolidated Joint Ventures - Combined Condensed Balance Sheets of Unconsolidated Joint Ventures (Details) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Assets:    
Properties, net $ 3,798,082 [1] $ 3,435,737 [1]
Other assets 305,649 [1] 295,719 [1]
Total assets 4,103,731 [1] 3,731,456 [1]
Liabilities and partners' capital:    
Mortgage notes payable 3,420,951 [1],[2] 3,518,215 [1],[2]
Other liabilities 242,861 [1] 202,444 [1]
Company's capital (deficit) 200,943 [1] (25,367) [1]
Outside partners' capital 238,976 [1] 36,164 [1]
Total liabilities and partners' capital 4,103,731 [1] 3,731,456 [1]
Investments in unconsolidated joint ventures:    
Company's capital (deficit) 200,943 [1] (25,367) [1]
Basis adjustment 472,808 [3] 474,658 [3]
Investments in unconsolidated joint ventures 673,751 449,291
Assets—Investments in unconsolidated joint ventures 927,424 701,483
Liabilities—Distributions in excess of investments in unconsolidated joint ventures $ (253,673) $ (252,192)
[1] These amounts include the assets and liabilities of the following joint ventures as of September 30, 2014 and December 31, 2013: PacificPremierRetail LP TysonsCorner LLCAs of September 30, 2014: Total Assets$736,872 $340,973Total Liabilities$813,400 $873,896As 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 September 30, 2014 and December 31, 2013, a total of $33,540 could become recourse debt to the Company. As of September 30, 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 $703,589 and $712,455 as of September 30, 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 $9,645 and $7,920 for the three months ended September 30, 2014 and 2013, respectively, and $28,992 and $21,717 for the nine months ended September 30, 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 $948 and $3,860 for the three months ended September 30, 2014 and 2013, respectively, and $3,227 and $9,753 for the nine months ended September 30, 2014 and 2013, respectively.