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Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments The following derivatives were outstanding at June 30, 2021:
Fair Value
PropertyNotional AmountProductLIBOR RateMaturityJune 30,
2021		December 31,
2020
Santa Monica Place(1)$300,000 Cap4.00 %12/9/2021$— $— 
The Macerich Partnership, L.P.(1)$400,000 Swaps2.85 %9/30/2021$(2,775)$(8,208)
(1)     On April 14, 2021, the Company entered into a new credit facility to replace the existing credit facility (See Note 11 - Bank and Other Notes Payable). Concurrent with entering into the new credit facility, the Company de-designated the Santa Monica Place $300,000 interest rate cap. As a result of the new credit facility and the Santa Monica Place cap de-designation, the notional amounts of the swaps that were previously hedged against the Company’s prior revolving line of credit are now hedged against the Santa Monica Place floating rate debt and a portion of the Green Acres Commons floating rate debt effectively converting the Santa Monica Place loan and a majority of the Green Acres Commons loan to fixed rate debt through September 30, 2021 (See Note 10 – Mortgage Payable).