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Derivative Instruments and Hedging Activities (Tables)
9 Months Ended
Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative instruments
The following derivatives were outstanding at September 30, 2020:
Fair Value
PropertyNotional AmountProductLIBOR RateMaturitySeptember 30,
2020
December 31,
2019
Santa Monica Place$300,000 Cap4.00 %12/9/2020$— $— 
The Macerich Partnership, L.P.$400,000 Swaps2.85 %9/30/2021$(10,889)$(9,051)