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Schedule III-Real Estate and Accumulated Depreciation
12 Months Ended
Dec. 31, 2023
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 $— $34,766 $24,188 $250,937 $5,878 $1,094 $282,097 $146,946 $135,151 
Danbury Fair Mall130,367 316,951 — 128,748 141,479 399,159 9,649 25,779 576,066 198,641 377,425 
Desert Sky Mall9,447 37,245 12 5,754 6,843 41,975 3,634 52,458 18,750 33,708 
Eastland Mall22,050 151,605 — 15,873 20,810 166,229 2,489 — 189,528 60,637 128,891 
Fashion District Philadelphia38,402 293,112 — 12,284 39,962 300,480 470 2,886 343,798 28,608 315,190 
Fashion Outlets of Chicago— — — 277,497 40,575 233,061 3,861 — 277,497 94,891 182,606 
Fashion Outlets of Niagara Falls USA18,581 210,139 — (39,201)6,961 180,563 1,968 27 189,519 126,039 63,480 
Freehold Raceway Mall164,986 362,841 — 126,472 167,371 469,327 8,996 8,605 654,299 259,718 394,581 
Fresno Fashion Fair17,966 72,194 — 60,230 17,966 129,144 3,275 150,390 80,646 69,744 
Green Acres Mall156,640 321,034 — 229,555 175,551 480,437 12,398 38,843 707,229 183,180 524,049 
Inland Center8,321 83,550 — 38,240 10,291 119,261 532 27 130,111 46,687 83,424 
Kings Plaza Shopping Center209,041 485,548 20,000 294,507 209,041 731,664 65,661 2,730 1,009,096 243,250 765,846 
La Cumbre Plaza18,122 21,492 — 19,564 13,856 45,152 170 — 59,178 29,550 29,628 
Macerich Management Co.1,150 10,475 26,562 16,856 3,878 19,837 30,087 1,241 55,043 28,031 27,012 
MACWH, LP— 25,771 — (759)— 25,012 — — 25,012 12,535 12,477 
NorthPark Mall7,746 74,661 — 5,400 6,939 80,089 760 19 87,807 37,837 49,970 
Oaks, The32,300 117,156 — 276,134 56,387 364,777 3,706 720 425,590 222,165 203,425 
Pacific View8,697 8,696 — 138,639 7,854 146,562 1,616 — 156,032 94,536 61,496 
Prasada6,615 — — 18,714 — 22,969 — 2,360 25,329 5,097 20,232 
Queens Center251,474 1,039,922 — 73,569 239,460 1,019,341 6,093 100,071 1,364,965 244,828 1,120,137 
Santa Monica Place26,400 105,600 — 333,744 43,763 342,375 6,272 73,334 465,744 145,652 320,092 
SanTan Adjacent Land29,414 — — 12,280 26,902 6,454 — 8,338 41,694 534 41,160 
SanTan Village Regional Center7,827 — — 229,920 5,921 225,403 2,089 4,334 237,747 129,383 108,364 
SouthPark Mall7,035 38,215 — (9,883)2,763 32,158 446 — 35,367 19,783 15,584 
Southridge Center6,764 — — 6,824 1,842 11,569 154 23 13,588 8,086 5,502 
Stonewood Center4,948 302,527 — 16,421 4,935 317,895 1,066 — 323,896 87,780 236,116 
Superstition Springs Center10,928 112,718 — 14,350 10,928 124,688 2,380 — 137,996 40,488 97,508 
The Macerich Partnership, L.P.— 2,534 — 6,915 — 1,722 7,365 362 9,449 2,552 6,897 
Valley Mall16,045 26,098 — 13,457 13,805 41,477 318 — 55,600 20,264 35,336 
Valley River Center24,854 147,715 — 37,862 24,854 183,362 2,088 127 210,431 92,127 118,304 
Victor Valley, Mall of15,700 75,230 — 58,904 20,080 127,854 1,900 — 149,834 73,378 76,456 
Vintage Faire Mall14,902 60,532 — 65,126 17,647 121,313 1,600 — 140,560 87,493 53,067 
Wilton Mall19,743 67,855 — (2,580)11,310 72,158 1,278 272 85,018 51,172 33,846 
 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
Other freestanding stores47,083 111,936 — (3,388)13,717 77,822 294 63,798 155,631 12,127 143,504 
Other land and development properties37,850 — — (25,842)466 6,047 — 5,495 12,008 1,727 10,281 
$1,395,586 $4,906,495 $46,574 $2,486,952 $1,388,345 $6,918,273 $188,493 $340,496 $8,835,607 $2,935,118 $5,900,489 
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, 2023 are as follows:
202320222021
Balances, beginning of year$8,920,580 $8,847,550 $9,256,712 
Additions257,160 156,445 100,616 
Dispositions and retirements(342,133)(83,415)(509,778)
Balances, end of year$8,835,607 $8,920,580 $8,847,550 

   The aggregate cost of the property included in the table above for federal income tax purposes was $9,080,781 (unaudited) at December 31, 2023.

The changes in accumulated depreciation for the three years ended December 31, 2023 are as follows:
202320222021
Balances, beginning of year$2,792,790 $2,563,344 $2,562,133 
Additions265,140 271,494 282,158 
Dispositions and retirements(122,812)(42,048)(280,947)
Balances, end of year$2,935,118 $2,792,790 $2,563,344 


See accompanying report of independent registered public accounting firm.