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Investments in Unconsolidated Joint Ventures (Tables) | 3 Months Ended
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Mar. 31, 2017
Equity Method Investments and Joint Ventures [Abstract] |
Combined and condensed balance sheets of unconsolidated joint ventures | Combined and Condensed Balance Sheets of Unconsolidated Joint Ventures:
| March 31, 2017 |  | December 31, 2016
Assets(1): |  |  |
Property, net | $ | 9,093,591 |  |  | $ | 9,176,642 |
Other assets | 678,158 |  |  | 614,607 |
Total assets | $ | 9,771,749 |  |  | $ | 9,791,249 |
Liabilities and partners' capital(1): |  |  |
Mortgage and other notes payable(2) | $ | 5,333,141 |  |  | $ | 5,224,713 |
Other liabilities | 431,947 |  |  | 403,369 |
Company's capital | 2,193,553 |  |  | 2,279,819 |
Outside partners' capital | 1,813,108 |  |  | 1,883,348 |
Total liabilities and partners' capital | $ | 9,771,749 |  |  | $ | 9,791,249 |
Investments in unconsolidated joint ventures: |  |  |
Company's capital | $ | 2,193,553 |  |  | $ | 2,279,819 |
Basis adjustment(3) | (579,537 | ) |  | (584,887 | )
| $ | 1,614,016 |  |  | $ | 1,694,932 |
Assets—Investments in unconsolidated joint ventures | $ | 1,710,617 |  |  | $ | 1,773,558 |
Liabilities—Distributions in excess of investments in unconsolidated joint ventures | (96,601 | ) |  | (78,626 | )
| $ | 1,614,016 |  |  | $ | 1,694,932 |
(1) | These amounts include the assets of $3,177,394 and $3,179,255 of Pacific Premier Retail LLC as of March 31, 2017 and December 31, 2016, respectively, and liabilities of $1,892,163 and $1,887,952 of Pacific Premier Retail LLC as of March 31, 2017 and December 31, 2016, respectively.
(2) | Included in mortgage and other notes payable are amounts due to an affiliate of Northwestern Mutual Life ("NML") of $489,206 and $265,863 as of March 31, 2017 and December 31, 2016, 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 $3,160 and $6,366 for the three months ended March 31, 2017 and 2016, 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 $4,027 and $4,457 for the three months ended March 31, 2017 and 2016, respectively.
Combined and condensed statements of operations of unconsolidated joint ventures | Combined and Condensed Statements of Operations of Unconsolidated Joint Ventures:
| Pacific Premier Retail LLC |  |  | Other Joint Ventures |  | Total
Three Months Ended March 31, 2017 |  |  |  |  |  |
Revenues: |  |  |  |  |  |
Minimum rents | $ | 33,536 |  |  |  | $ | 123,503 |  |  | $ | 157,039 |
Percentage rents | 730 |  |  |  | 1,738 |  |  | 2,468 |
Tenant recoveries | 11,439 |  |  |  | 47,915 |  |  | 59,354 |
Other | 1,026 |  |  |  | 11,511 |  |  | 12,537 |
Total revenues | 46,731 |  |  |  | 184,667 |  |  | 231,398 |
Expenses: |  |  |  |  |  |
Shopping center and operating expenses | 9,760 |  |  |  | 62,195 |  |  | 71,955 |
Interest expense | 16,726 |  |  |  | 32,279 |  |  | 49,005 |
Depreciation and amortization | 26,275 |  |  |  | 62,879 |  |  | 89,154 |
Total operating expenses | 52,761 |  |  |  | 157,353 |  |  | 210,114 |
(Loss) gain on sale or write down of assets, net | (35 | ) |  |  | 4,581 |  |  | 4,546 |
Net (loss) income | $ | (6,065 | ) |  |  | $ | 31,895 |  |  | $ | 25,830 |
Company's equity in net (loss) income | $ | (962 | ) |  |  | $ | 16,805 |  |  | $ | 15,843 |
Three Months Ended March 31, 2016 |  |  |  |  |  |
Revenues: |  |  |  |  |  |
Minimum rents | $ | 30,583 |  |  |  | $ | 106,373 |  |  | $ | 136,956 |
Percentage rents | 759 |  |  |  | 1,753 |  |  | 2,512 |
Tenant recoveries | 11,976 |  |  |  | 43,443 |  |  | 55,419 |
Other | 2,838 |  |  |  | 10,352 |  |  | 13,190 |
Total revenues | 46,156 |  |  |  | 161,921 |  |  | 208,077 |
Expenses: |  |  |  |  |  |
Shopping center and operating expenses | 9,786 |  |  |  | 53,298 |  |  | 63,084 |
Interest expense | 15,214 |  |  |  | 27,738 |  |  | 42,952 |
Depreciation and amortization | 28,084 |  |  |  | 56,533 |  |  | 84,617 |
Total operating expenses | 53,084 |  |  |  | 137,569 |  |  | 190,653 |
Loss on sale or write down of assets, net | — |  |  |  | (5 | ) |  | (5 | )
Net (loss) income | $ | (6,928 | ) |  |  | $ | 24,347 |  |  | $ | 17,419 |
Company's equity in net (loss) income | $ | (1,244 | ) |  |  | $ | 12,904 |  |  | $ | 11,660 |

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