XML 59 R49.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Investments in Unconsolidated Joint Ventures - Combined Condensed Statements of Operations of unconsolidated joint ventures (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017
Revenues: |  |  |  |
Minimum rents | $ 156,798 | $ 158,715 | $ 474,066 | $ 474,564
Percentage rents | 5,603 | 4,856 | 9,377 | 9,671
Tenant recoveries | 59,170 | 59,856 | 177,386 | 176,702
Other | 14,072 | 14,042 | 42,397 | 40,998
Total revenues | 235,643 | 237,469 | 703,226 | 701,935
Expenses: |  |  |  |
Shopping center and operating expenses | 71,421 | 70,985 | 212,265 | 211,537
Interest expense | 54,648 | 50,104 | 158,532 | 148,760
Depreciation and amortization | 85,905 | 88,407 | 257,845 | 264,454
Total operating expenses | 211,974 | 209,496 | 628,642 | 624,751
(Loss) gain on sale or write down of assets, net | 12,575 | 13,426 | 14,104 | 17,970
Net (loss) income | 36,244 | 41,399 | 88,688 | 95,154
Company's equity in net (loss) income | 18,789 | 23,993 | 51,330 | 56,772
PPR Portfolio |  |  |  |
Revenues: |  |  |  |
Minimum rents | 32,999 | 35,052 | 98,619 | 100,633
Percentage rents | 1,012 | 903 | 1,713 | 1,854
Tenant recoveries | 11,884 | 12,015 | 34,684 | 34,827
Other | 991 | 1,713 | 3,252 | 4,141
Total revenues | 46,886 | 49,683 | 138,268 | 141,455
Expenses: |  |  |  |
Shopping center and operating expenses | 9,893 | 10,591 | 29,091 | 30,062
Interest expense | 16,680 | 16,890 | 50,176 | 50,291
Depreciation and amortization | 24,582 | 25,449 | 73,137 | 76,527
Total operating expenses | 51,155 | 52,930 | 152,404 | 156,880
(Loss) gain on sale or write down of assets, net | (47) | 0 | (47) | (35)
Net (loss) income | (4,316) | (3,247) | (14,183) | (15,460)
Company's equity in net (loss) income | (148) | 620 | (1,021) | (1,376)
Other Joint Ventures |  |  |  |
Revenues: |  |  |  |
Minimum rents | 123,799 | 123,663 | 375,447 | 373,931
Percentage rents | 4,591 | 3,953 | 7,664 | 7,817
Tenant recoveries | 47,286 | 47,841 | 142,702 | 141,875
Other | 13,081 | 12,329 | 39,145 | 36,857
Total revenues | 188,757 | 187,786 | 564,958 | 560,480
Expenses: |  |  |  |
Shopping center and operating expenses | 61,528 | 60,394 | 183,174 | 181,475
Interest expense | 37,968 | 33,214 | 108,356 | 98,469
Depreciation and amortization | 61,323 | 62,958 | 184,708 | 187,927
Total operating expenses | 160,819 | 156,566 | 476,238 | 467,871
(Loss) gain on sale or write down of assets, net | 12,622 | 13,426 | 14,151 | 18,005
Net (loss) income | 40,560 | 44,646 | 102,871 | 110,614
Company's equity in net (loss) income | $ 18,937 | $ 23,373 | $ 52,351 | $ 58,148

X
- Definition This element represents the total of the costs related to real estate revenues reported for the period by an equity method investment of the entity. + References No definition available. + Details
Name: | mac_EquityMethodInvestmentSummarizedFinancialInformationCostOfRealEstateRevenue
Namespace Prefix: | mac_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The current period expense charged against earnings for depreciation and amortization on long-lived, physical assets not used in production, and which are not intended for resale, reported by an equity method investment of the entity. + References No definition available. + Details
Name: | mac_EquityMethodInvestmentSummarizedFinancialInformationDepreciationAndAmortization
Namespace Prefix: | mac_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Represents the amount of gain or loss resulting from either the difference between the carrying value and the sales price or remeasurement of the carrying value of assets during the period, reported by an equity method investment of the entity. + References No definition available. + Details
Name: | mac_EquityMethodInvestmentSummarizedFinancialInformationGainLossOnSaleAndRemeasurementOfAssets
Namespace Prefix: | mac_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The cost of borrowed funds accounted for as interest that was charged against earnings during the period by an equity method investment of the entity. + References No definition available. + Details
Name: | mac_EquityMethodInvestmentSummarizedFinancialInformationInterestExpense
Namespace Prefix: | mac_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The total amount of lease revenue recognized for the period for which the lessee was obligated under leasing arrangements regardless of any other events or conditions, reported by an equity method investment of the entity. + References No definition available. + Details
Name: | mac_EquityMethodInvestmentSummarizedFinancialInformationMinimumLeaseRevenue
Namespace Prefix: | mac_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Generally recurring costs associated with normal operations for the period reported by an equity method investment of the entity. + References No definition available. + Details
Name: | mac_EquityMethodInvestmentSummarizedFinancialInformationOperatingExpenses
Namespace Prefix: | mac_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The sum of all other revenue and income for the period reported by an equity method investment of the entity. + References No definition available. + Details
Name: | mac_EquityMethodInvestmentSummarizedFinancialInformationOtherRevenue
Namespace Prefix: | mac_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition This element represents the rental revenue earned during the period from lessee-operators based on revenues generated in their operations, generally in excess of a base amount, reported by an equity method investment of the entity. + References No definition available. + Details
Name: | mac_EquityMethodInvestmentSummarizedFinancialInformationPercentageRent
Namespace Prefix: | mac_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition This element represents allowable charges due a landlord from its tenant for the period, reported by an equity method investment of the entity. + References No definition available. + Details
Name: | mac_EquityMethodInvestmentSummarizedFinancialInformationTenantReimbursements
Namespace Prefix: | mac_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The amount of net income (loss) reported by an equity method investment of the entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33912-111571 + Details
Name: | us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The amount of revenue from sale of goods and services reduced by sales returns, allowances, and discounts reported by an equity method investment of the entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 + Details
Name: | us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(12)) -URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(10)) -URI http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(13)(f)) -URI http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109237563&loc=d3e33749-111570 + Details
Name: | us-gaap_IncomeLossFromEquityMethodInvestments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OperatingExpensesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenuesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=mac_PacificPremierRetailLPMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=mac_OtherJointVenturesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |