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Schedule III-Real Estate and Accumulated Depreciation
12 Months Ended
Dec. 31, 2022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III-Real Estate and Accumulated Depreciation Disclosure
 Initial Cost to Company Gross Amount at Which Carried at Close of Period  
Shopping Centers/EntitiesLandBuilding and
Improvements
Equipment
and
Furnishings
Cost Capitalized
Subsequent to
Acquisition
LandBuilding and
Improvements
Equipment
and
Furnishings
Construction
in Progress
TotalAccumulated
Depreciation
Total Cost
Net of
Accumulated
Depreciation
Chandler Fashion Center$24,188 $223,143 $— $32,307 $24,188 $249,735 $5,470 $245 $279,638 $140,539 $139,099 
Danbury Fair Mall130,367 316,951 — 120,495 141,479 396,490 9,646 20,198 567,813 184,221 383,592 
Desert Sky Mall9,447 37,245 12 5,231 6,843 41,616 3,476 — 51,935 18,064 33,871 
Eastland Mall22,050 151,605 — 13,338 20,810 163,829 2,354 — 186,993 55,194 131,799 
Fashion District Philadelphia38,402 293,112 — 9,113 39,962 298,762 281 1,622 340,627 18,995 321,632 
Fashion Outlets of Chicago— — — 276,033 40,575 231,438 4,020 — 276,033 87,543 188,490 
Fashion Outlets of Niagara Falls USA18,581 210,139 — 104,515 23,762 307,094 2,276 103 333,235 116,977 216,258 
The Marketplace at Flagstaff— — — 46,088 — 46,088 — — 46,088 30,685 15,403 
Freehold Raceway Mall164,986 362,841 — 121,409 167,371 464,683 9,148 8,034 649,236 245,568 403,668 
Fresno Fashion Fair17,966 72,194 — 58,644 17,966 127,365 3,127 346 148,804 75,369 73,435 
Green Acres Mall156,640 321,034 — 213,915 177,378 461,106 11,197 41,908 691,589 174,438 517,151 
Inland Center8,321 83,550 — 37,241 10,291 118,201 425 195 129,112 40,656 88,456 
Kings Plaza Shopping Center209,041 485,548 20,000 284,756 207,206 718,630 63,213 10,296 999,345 209,687 789,658 
La Cumbre Plaza18,122 21,492 — 19,672 13,856 45,244 186 — 59,286 28,277 31,009 
Macerich Management Co.1,150 10,475 26,562 22,243 3,878 21,458 33,951 1,143 60,430 28,607 31,823 
MACWH, LP— 25,771 — (759)— 25,012 — — 25,012 11,895 13,117 
NorthPark Mall7,746 74,661 — 12,151 6,939 86,877 742 — 94,558 34,745 59,813 
Oaks, The32,300 117,156 — 273,067 56,387 362,056 3,538 542 422,523 208,779 213,744 
Pacific View8,697 8,696 — 138,249 7,854 146,193 1,595 — 155,642 89,825 65,817 
Prasada6,615 — — 19,521 215 22,969 — 2,952 26,136 3,566 22,570 
Queens Center251,474 1,039,922 — 67,757 256,786 1,091,345 5,919 5,103 1,359,153 244,124 1,115,029 
Santa Monica Place26,400 105,600 — 324,899 42,513 317,725 6,788 89,873 456,899 137,034 319,865 
SanTan Adjacent Land29,414 — — 11,087 26,902 3,438 — 10,161 40,501 133 40,368 
SanTan Village Regional Center7,827 — — 224,123 5,921 224,114 1,907 231,950 123,986 107,964 
SouthPark Mall7,035 38,215 — (10,076)2,763 31,949 462 — 35,174 18,414 16,760 
Southridge Center6,764 — — 6,849 1,963 11,520 114 16 13,613 7,786 5,827 
Stonewood Center4,948 302,527 — 13,965 4,935 315,718 787 — 321,440 78,880 242,560 
Superstition Springs Center10,928 112,718 — 12,650 10,928 124,059 1,309 — 136,296 36,441 99,855 
Superstition Springs Power Center1,618 4,420 — 31 1,194 4,842 33 — 6,069 2,538 3,531 
The Macerich Partnership, L.P.— 2,534 — 6,529 — 1,698 7,365 — 9,063 2,188 6,875 
Towne Mall6,652 31,184 — (251)5,366 32,009 210 — 37,585 19,618 17,967 
Valley Mall16,045 26,098 — 11,926 13,805 39,989 275 — 54,069 18,387 35,682 
See accompanying report of independent registered public accounting firm.
 Initial Cost to Company Gross Amount at Which Carried at Close of Period  
Shopping Centers/EntitiesLandBuilding and
Improvements
Equipment
and
Furnishings
Cost Capitalized
Subsequent to
Acquisition
LandBuilding and
Improvements
Equipment
and
Furnishings
Construction
in Progress
TotalAccumulated
Depreciation
Total Cost
Net of
Accumulated
Depreciation
Valley River Center24,854 147,715 — 37,305 24,854 182,851 2,085 84 209,874 85,686 124,188 
Victor Valley, Mall of15,700 75,230 — 56,692 20,080 125,866 1,676 — 147,622 70,008 77,614 
Vintage Faire Mall14,902 60,532 — 63,196 17,647 119,356 1,627 — 138,630 84,152 54,478 
Wilton Mall19,743 67,855 — (3,001)11,310 71,938 1,272 77 84,597 49,784 34,813 
Other freestanding stores21,062 75,849 — (13,722)10,817 50,431 293 21,648 83,189 8,671 74,518 
Other land and development properties37,850 — — (27,029)467 6,049 — 4,305 10,821 1,330 9,491 
$1,377,835 $4,906,012 $46,574 $2,590,159 $1,425,211 $7,089,743 $186,767 $218,859 $8,920,580 $2,792,790 $6,127,790 
Depreciation of the Company's investment in buildings and improvements reflected in the consolidated statements of operations are calculated over the estimated useful lives of the asset as follows:
Buildings and improvements
5 - 40 years
Tenant improvements
5 - 7 years
Equipment and furnishings
5 - 7 years

The changes in total real estate assets for the three years ended December 31, 2022 are as follows:
202220212020
Balances, beginning of year$8,847,550 $9,256,712 $8,993,049 
Additions156,445 100,616 419,369 
Dispositions and retirements(83,415)(509,778)(155,706)
Balances, end of year$8,920,580 $8,847,550 $9,256,712 

   The aggregate cost of the property included in the table above for federal income tax purposes was $8,952,349 (unaudited) at December 31, 2022.

The changes in accumulated depreciation for the three years ended December 31, 2022 are as follows:
202220212020
Balances, beginning of year$2,563,344 $2,562,133 $2,349,536 
Additions271,494 282,158 287,925 
Dispositions and retirements(42,048)(280,947)(75,328)
Balances, end of year$2,792,790 $2,563,344 $2,562,133 


See accompanying report of independent registered public accounting firm.