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Investments in Unconsolidated Joint Ventures (Tables)
 12 Months Ended
Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Ownership Interest in Joint Ventures
The Company owns operating properties through various unconsolidated joint ventures with third parties. The Company's direct or indirect ownership interest in each joint venture as of December 31, 2023 was as follows:
Joint VentureOwnership %(1)
AM Tysons LLC50.0 %
Biltmore Shopping Center Partners LLC50.0 %
Corte Madera Village, LLC50.1 %
Country Club Plaza KC Partners LLC50.0 %
Kierland Commons Investment LLC50.0 %
Macerich HHF Broadway Plaza LLC—Broadway Plaza50.0 %
Macerich HHF Centers LLC—Various Properties51.0 %
New River Associates LLC—Arrowhead Towne Center60.0 %
Pacific Premier Retail LLC—Various Properties60.0 %
Propcor II Associates, LLC—Boulevard Shops50.0 %
PV Land SPE, LLC5.0 %
Scottsdale Fashion Square Partnership50.0 %
TM TRS Holding Company LLC50.0 %
Tysons Corner LLC50.0 %
Tysons Corner Hotel I LLC50.0 %
Tysons Corner Property Holdings II LLC50.0 %
Tysons Corner Property LLC50.0 %
West Acres Development, LLP19.0 %
WMAP, L.L.C.—Atlas Park, The Shops at50.0 %
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(1)The Company's ownership interest in this table reflects its direct or indirect legal ownership interest. Legal ownership may, at times, not equal the Company’s economic interest in the listed entities because of various provisions in certain joint venture agreements regarding distributions of cash flow based on capital account balances, allocations of profits and losses and payments of preferred returns. As a result, the Company’s actual economic interest (as distinct from its legal ownership interest) in certain of the properties could fluctuate from time to time and may not wholly align with its legal ownership interests. Substantially all of the Company’s joint venture agreements contain rights of first refusal, buy-sell provisions, exit rights, default dilution remedies and/or other break up provisions or remedies which are customary in real estate joint venture agreements and which may, positively or negatively, affect the ultimate realization of cash flow and/or capital or liquidation proceeds.
Schedule of Combined and Condensed Balance Sheets of Unconsolidated Joint Ventures and Other Related Information
Combined and condensed balance sheets and statements of operations are presented below for all unconsolidated joint ventures.

Combined and Condensed Balance Sheets of Unconsolidated Joint Ventures as of December 31:
20232022
Assets(1):  
Property, net$7,201,941 $8,156,632 
Other assets607,864 664,036 
Total assets$7,809,805 $8,820,668 
Liabilities and partners' capital(1):  
Mortgage and other notes payable$5,445,411 $5,491,250 
Other liabilities436,179 451,511 
Company's capital1,090,403 1,528,348 
Outside partners' capital837,812 1,349,559 
Total liabilities and partners' capital$7,809,805 $8,820,668 
Investment in unconsolidated joint ventures:  
Company's capital$1,090,403 $1,528,348 
Basis adjustment(2)(412,425)(425,153)
$677,978 $1,103,195 
Assets—Investments in unconsolidated joint ventures852,764 $1,224,288 
Liabilities—Distributions in excess of investments in unconsolidated joint ventures(174,786)(121,093)
$677,978 $1,103,195 

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(1)These amounts include the assets of $2,613,690 and $2,690,651 of Pacific Premier Retail LLC (the "PPR Portfolio") as of December 31, 2023 and 2022, respectively, and liabilities of $1,578,328 and $1,611,661 of the PPR Portfolio as of December 31, 2023 and 2022, respectively.
(2)The Company amortizes the difference between the cost of its investments in unconsolidated joint ventures and the book value of the underlying equity into (loss) income on a straight-line basis consistent with the lives of the underlying assets. The amortization of this difference was $(14,316), $9,371 and $10,276 for the years ended December 31, 2023, 2022 and 2021, respectively.
Schedule of Combined and Condensed Statements of Operations of Unconsolidated Joint Ventures
Combined and Condensed Statements of Operations of Unconsolidated Joint Ventures:
PPR PortfolioOther
Joint
Ventures		Total
Year Ended December 31, 2023   
Revenues:   
Leasing revenue$178,790 $690,013 $868,803 
Other2,295 21,628 23,923 
Total revenues181,085 711,641 892,726 
Expenses:   
Shopping center and operating expenses44,096 247,843 291,939 
Leasing expense1,709 4,960 6,669 
Interest expense87,586 197,840 285,426 
Depreciation and amortization89,629 250,005 339,634 
Total operating expenses223,020 700,648 923,668 
Loss on sale or write down of assets, net— (192,336)(192,336)
Net loss$(41,935)$(181,343)$(223,278)
Company's equity in net loss$(16,517)$(140,420)$(156,937)
Year Ended December 31, 2022   
Revenues:   
Leasing revenue183,620 668,523 852,143 
Other739 19,967 20,706 
Total revenues184,359 688,490 872,849 
Expenses:   
Shopping center and operating expenses41,904 232,213 274,117 
Leasing expense1,684 4,880 6,564 
Interest expense65,957 148,443 214,400 
Depreciation and amortization95,990 258,008 353,998 
Total operating expenses205,535 643,544 849,079 
Loss on sale or write down of assets, net— (28,968)(28,968)
Net (loss) income$(21,176)$15,978 $(5,198)
Company's equity in net loss$(3,501)$(1,755)$(5,256)
PPR PortfolioOther
Joint
Ventures		Total
Year Ended December 31, 2021   
Revenues:   
Leasing revenue$168,842 $631,139 $799,981 
Other62 57,083 57,145 
Total revenues168,904 688,222 857,126 
Expenses:
Shopping center and operating expenses40,298 246,692 286,990 
Leasing expense1,286 4,392 5,678 
Interest expense63,072 147,545 210,617 
Depreciation and amortization97,494 253,561 351,055 
Total operating expenses202,150 652,190 854,340 
Loss on sale or write down of assets, net— (9,178)(9,178)
Net (loss) income$(33,246)$26,854 $(6,392)
Company's equity in net (loss) income$(10,866)$26,555 $15,689