Real Estate (Tables)

6 Months Ended

Jun. 30, 2012

Real Estate [Abstract]

Allocation of the purchase price for One Beach Street

Land	$	15,332
Building		16,764
Land improvements		30
Tenant improvements		1,223
Total real estate		33,349
Lease intangibles		4,141
Prepaid expenses and other assets		1
Total assets	$	37,491
Accounts payable and accrued expenses	$	94
Security deposits payable		75
Lease intangibles		1,382
Other liabilities and deferred credits		22
Total liabilities	$	1,573

Pro forma financial information

	Six Months Ended June 30, 2012				Six Months Ended June 30, 2011
	As Reported		Pro Forma		As Reported		Pro Forma
Total revenue	$	114,847	$	115,093	$	97,983	$	111,571
Total operating expenses		80,264		80,438		69,084		80,938
Operating income		34,583		34,655		28,899		30,633
Net income (loss)	$	5,495	$	5,582	$	14,051	$	(31,980	)(1)

(1) The net loss for the six months ended June 30, 2011 includes one-time expenses for the early extinguishment of debt and loan transfer and consent fees but excludes the gain on acquisition of the controlling interests in the Solana Beach Centre entities and the Waikiki Beach Walk entities.