XML 25 R52.htm IDEA: XBRL DOCUMENT v2.4.1.9
Bank and Other Notes Payable: (Details) (USD $)
3 Months Ended 0 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Dec. 08, 2011
Mar. 29, 2013
Aug. 06, 2013
Dec. 31, 2014
Line of Credit            
Mortgage loans payable on real estate            
Revolving line of credit $ 1,500,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
         
Expansion borrowing capacity 2,000,000,000mac_LineOfCreditFacilityExpansionBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
         
Outstanding borrowings under the line of credit 852,000,000us-gaap_LineOfCredit
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
        752,000,000us-gaap_LineOfCredit
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
Line of credit, average interest rate (as a percent) 1.85%us-gaap_LineOfCreditFacilityInterestRateDuringPeriod
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
1.89%us-gaap_LineOfCreditFacilityInterestRateDuringPeriod
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
       
Fair value of outstanding line of credit 819,238,000us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
        713,989,000us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
Line of Credit | Low end of range            
Mortgage loans payable on real estate            
Interest rate basis LIBOR          
Unsecured term loan            
Mortgage loans payable on real estate            
Amount of additional borrowing     125,000,000us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
     
Interest rate basis LIBOR          
Interest rate (as a percent) 2.53%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
        2.25%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
Debt, fair value 122,683,000us-gaap_DebtInstrumentFairValue
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
        119,780,000us-gaap_DebtInstrumentFairValue
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
Unsecured term loan | Low end of range            
Mortgage loans payable on real estate            
Interest rate spread over basis (as a percent)     1.95%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
     
Unsecured term loan | High end of range            
Mortgage loans payable on real estate            
Interest rate spread over basis (as a percent)     3.20%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
     
Prasada Note            
Mortgage loans payable on real estate            
Amount of additional borrowing       13,330,000us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_DebtInstrumentAxis
= mac_PrasadaNoteMember
   
Interest rate on debt (as a percent)       5.25%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= mac_PrasadaNoteMember
   
Debt, carrying value 10,452,000us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= mac_PrasadaNoteMember
        10,879,000us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= mac_PrasadaNoteMember
Debt, fair value $ 10,684,000us-gaap_DebtInstrumentFairValue
/ us-gaap_DebtInstrumentAxis
= mac_PrasadaNoteMember
        $ 11,178,000us-gaap_DebtInstrumentFairValue
/ us-gaap_DebtInstrumentAxis
= mac_PrasadaNoteMember
London Interbank Offered Rate (LIBOR) | Line of Credit            
Mortgage loans payable on real estate            
Interest rate spread over basis (as a percent) 1.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
         
London Interbank Offered Rate (LIBOR) | Line of Credit | Low end of range            
Mortgage loans payable on real estate            
Interest rate spread over basis (as a percent)         1.375%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
 
London Interbank Offered Rate (LIBOR) | Line of Credit | High end of range            
Mortgage loans payable on real estate            
Interest rate spread over basis (as a percent)         2.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
 
London Interbank Offered Rate (LIBOR) | Unsecured term loan            
Mortgage loans payable on real estate            
Interest rate spread over basis (as a percent) 2.20%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember