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Derivative Instruments and Hedging Activities - Schedule of Derivative Instruments (Details) - Level 2 Measurement - Cap - Non-Hedged - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023
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Santa Monica Place |  |
Derivatives, Fair Value |  |
Notional Amount | $ 300,000 |
SOFR/LIBOR Rate | 4.00% |
Fair Value | $ 2,495 | $ 2,665
The Macerich Partnership, L.P. |  |
Derivatives, Fair Value |  |
Notional Amount | $ 300,000 |
SOFR/LIBOR Rate | 4.00% |
Fair Value | $ (2,491) | $ (2,658)

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