XML 45 R36.htm IDEA: XBRL DOCUMENT

Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The following derivatives were outstanding at June 30, 2023:


								Fair Value
Property	Designation	Notional Amount		Product	LIBOR Rate		Maturity	June 30, 2023		December 31, 2022
Santa Monica Place	Non-Hedged	$	300,000	Cap	4.00	%	12/9/2023	$	1,858	$	2,576
The Macerich Partnership, L.P.	Non-Hedged	$	(300,000)	Sold Cap	4.00	%	12/9/2023	$	(1,855)	$	(2,567)

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References + Details