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Investments in Unconsolidated Joint Ventures (Tables) | 3 Months Ended
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Mar. 31, 2018
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, 2018 |  | December 31, 2017
Assets(1): |  |  |
Property, net | $ | 8,994,424 |  |  | $ | 9,052,105 |
Other assets | 602,553 |  |  | 635,838 |
Total assets | $ | 9,596,977 |  |  | $ | 9,687,943 |
Liabilities and partners' capital(1): |  |  |
Mortgage and other notes payable(2) | $ | 5,979,160 |  |  | $ | 5,296,594 |
Other liabilities | 388,245 |  |  | 405,052 |
Company's capital | 1,822,298 |  |  | 2,188,057 |
Outside partners' capital | 1,407,274 |  |  | 1,798,240 |
Total liabilities and partners' capital | $ | 9,596,977 |  |  | $ | 9,687,943 |
Investments in unconsolidated joint ventures: |  |  |
Company's capital | $ | 1,822,298 |  |  | $ | 2,188,057 |
Basis adjustment(3) | (555,691 | ) |  | (562,021 | )
| $ | 1,266,607 |  |  | $ | 1,626,036 |
Assets—Investments in unconsolidated joint ventures | $ | 1,360,486 |  |  | $ | 1,709,522 |
Liabilities—Distributions in excess of investments in unconsolidated joint ventures | (93,879 | ) |  | (83,486 | )
| $ | 1,266,607 |  |  | $ | 1,626,036 |
(1) | These amounts include the assets of $3,068,722 and $3,106,105 of Pacific Premier Retail LLC (the "PPR Portfolio") as of March 31, 2018 and December 31, 2017, respectively, and liabilities of $1,864,302 and $1,872,227 of the PPR Portfolio as of March 31, 2018 and December 31, 2017, respectively.
(2) | Included in mortgage and other notes payable are amounts due to an affiliate of Northwestern Mutual Life ("NML") of $704,402 and $482,332 as of March 31, 2018 and December 31, 2017, 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 $4,958 and $3,160 for the three months ended March 31, 2018 and 2017, 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 $4,103 and $4,027 for the three months ended March 31, 2018 and 2017, respectively.
Combined and condensed statements of operations of unconsolidated joint ventures | Combined and Condensed Statements of Operations of Unconsolidated Joint Ventures:
| PPR Portfolio |  |  | Other Joint Ventures |  | Total
Three Months Ended March 31, 2018 |  |  |  |  |  |
Revenues: |  |  |  |  |  |
Minimum rents | $ | 32,739 |  |  |  | $ | 127,708 |  |  | $ | 160,447 |
Percentage rents | 432 |  |  |  | 1,811 |  |  | 2,243 |
Tenant recoveries | 11,400 |  |  |  | 48,104 |  |  | 59,504 |
Other | 1,017 |  |  |  | 11,091 |  |  | 12,108 |
Total revenues | 45,588 |  |  |  | 188,714 |  |  | 234,302 |
Expenses: |  |  |  |  |  |
Shopping center and operating expenses | 9,681 |  |  |  | 61,321 |  |  | 71,002 |
Interest expense | 16,726 |  |  |  | 33,032 |  |  | 49,758 |
Depreciation and amortization | 24,484 |  |  |  | 62,412 |  |  | 86,896 |
Total operating expenses | 50,891 |  |  |  | 156,765 |  |  | 207,656 |
Gain on sale or write down of assets, net | — |  |  |  | 970 |  |  | 970 |
Net (loss) income | $ | (5,303 | ) |  |  | $ | 32,919 |  |  | $ | 27,616 |
Company's equity in net (loss) income | $ | (616 | ) |  |  | $ | 17,488 |  |  | $ | 16,872 |
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 |

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