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Derivative Instruments and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative instruments
The following derivatives were outstanding at June 30, 2020:
Fair Value
PropertyNotional AmountProductLIBOR RateMaturityJune 30,
2020
December 31,
2019
Santa Monica Place$300,000  Cap4.00 %12/9/2020$—  $—  
The Macerich Partnership, L.P.$400,000  Swaps2.85 %9/30/2021$(13,701) $(9,051)