SCHEDULE III-Consolidated Real Estate and Accumulated Depreciation (Notes)

12 Months Ended

Dec. 31, 2014

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

SCHEDULE III-Consolidated Real Estate and Accumulated Depreciation



	Encumbrance as of December 31, 2014		Initial Cost				Cost Capitalized Subsequent to Acquisition		Gross Carrying Amount at December 31, 2014				Accumulated Depreciation and Amortization			Year Built/ Renovated	Date Acquired	Life on which depreciation in latest income statements is computed
Description	Encumbrance as of December 31, 2014		Land		Building and Improvements		Cost Capitalized Subsequent to Acquisition		Land		Building and Improvements		Accumulated Depreciation and Amortization			Year Built/ Renovated	Date Acquired
Alamo Quarry Market	$	—	$	26,396	$	109,294	$	13,181	$	26,816	$	122,055	$	(41,786	)	1997/1999	12/9/2003	35 years
Carmel Country Plaza	—		4,200		—		11,639		4,200		11,639		(6,871		)	1991	1/10/1989	35 years
Carmel Mountain Plaza	—		22,477		65,217		23,719		31,035		80,378		(28,807		)	1994/2014	3/28/2003	35 years
Del Monte Center	82,300		27,412		87,570		22,300		27,117		110,165		(45,368		)	1967/1984/2006	4/8/2004	35 years
Geary Marketplace	—		8,239		12,353		129		8,238		12,483		(818		)	2012	12/19/2012	35 years
Lomas Santa Fe Plaza	—		8,600		11,282		11,269		8,620		22,531		(13,225		)	1972/1997	6/12/1995	35 years
Rancho Carmel Plaza	—		3,450		—		3,914		3,487		3,877		(2,243		)	1993	4/30/1990	35 years
The Shops at Kalakaua	19,000		13,993		10,919		100		14,006		11,006		(3,364		)	1971/2006	3/31/2005	35 years
Solana Beach Towne Centre	37,675		40,980		38,842		1,854		40,980		40,696		(5,419		)	1973/2000/2004	1/19/2011	35 years
South Bay Marketplace	23,000		4,401		—		10,751		4,401		10,751		(6,112		)	1997	9/16/1995	35 years
Waikele Center	—		55,593		126,858		59,021		70,643		170,829		(51,137		)	1993/2008	9/16/2004	35 years
City Center Bellevue	111,000		25,135		190,998		10,674		25,135		201,672		(15,254		)	1987	8/21/2012	40 years
First & Main	84,500		14,697		109,739		3,095		14,697		112,834		(13,796		)	2010	3/11/2011	40 years
The Landmark at One Market	133,000		34,575		141,196		7,994		34,575		149,190		(20,780		)	1917/2000	6/30/2010	40 years
Lloyd District Portfolio	—		18,660		61,401		151,933		18,875		213,119		(9,597		)	1940-2011/present	7/1/2011	40 years
One Beach Street	21,900		15,332		18,017		2,367		15,332		20,384		(1,971		)	1924/1972/1987/1992	1/24/2012	40 years
Solana Beach Corporate Centre:
Solana Beach Corporate Centre I-II	11,302		7,111		17,100		2,795		7,111		19,895		(2,480		)	1982/2005	1/19/2011	40 years
Solana Beach Corporate Centre III-IV	36,376		7,298		27,887		1,231		7,298		29,118		(4,003		)	1982/2005	1/19/2011	40 years
Solana Beach Corporate Centre Land	—		487		—		60		547		—		—			N/A	1/19/2011	N/A
Torrey Reserve:
ICW Plaza	—		4,095		—		39,064		5,408		37,751		(10,918		)	1996-1997/2014	6/6/1989	40 years
Pacific North Court	21,075		3,263		—		20,885		4,309		19,839		(9,160		)	1997-1998	6/6/1989	40 years
Pacific South Court	—		3,285		—		22,021		4,226		21,080		(10,003		)	1996-1997	6/6/1989	40 years
Pacific VC	7,101		1,413		—		8,180		2,148		7,445		(4,099		)	1998/2000	6/6/1989	40 years
Pacific Torrey Daycare	—		715		—		1,671		911		1,475		(769		)	1996-1997	6/6/1989	40 years
Torrey Reserve Building 6	—		—		—		7,907		682		7,225		(297		)	2013	6/6/1989	40 years
Torrey Reserve Land	—		229		—		19,912		3,205		16,936		—			2014-present	6/6/1989	N/A
Imperial Beach Gardens	20,000		1,281		4,820		4,180		1,281		9,000		(7,512		)	1959/2008-present	7/31/1985	30 years
Loma Palisades	73,744		14,000		16,570		18,304		14,051		34,823		(24,049		)	1958/2001-2008	7/20/1990	30 years
Mariner’s Point	7,700		2,744		4,540		1,187		2,744		5,727		(2,479		)	1986	5/9/2001	30 years
Santa Fe Park RV Resort	—		401		928		818		401		1,746		(1,391		)	1971/2007-2008	6/1/1979	30 years
Waikiki Beach Walk:
Retail	130,310		45,995		74,943		42		45,995		74,985		(9,315		)	2006	1/19/2011	35 years
Hotel	—		30,640		60,029		535		30,640		60,564		(7,248		)	2008/2014	1/19/2011	35 years
Solana Beach - Highway 101 Land	—		7,847		202		795		8,844		—		(189		)	N/A	9/20/2011	N/A
Sorrento Valley Holdings Land	—		2,073		741		4,834		6,145		1,503		(964		)	N/A	5/9/1997	N/A
	$	819,983	$	457,017	$	1,191,446	$	488,361	$	494,103	$	1,642,721	$	(361,424	)

(1) For Federal tax purposes, the aggregate tax basis is approximately $1.4 billion as of December 31, 2014.



	Year Ended December 31,
	2014			2013			2012
Real estate assets
Balance, beginning of period	$	1,995,417		1,938,676			1,687,276
Additions:
Property acquisitions	—			—			270,082
Improvements ⁽¹⁾	154,594			60,677			41,303
Deductions:
Cost of Real Estate Sold	—			—			(57,188		)
Other ⁽¹⁾⁽²⁾	(13,187		)	(3,936		)	(2,797		)
Balance, end of period	$	2,136,824		$	1,995,417		$	1,938,676
Accumulated depreciation
Balance, beginning of period	$	318,581		$	270,494		$	234,595
Additions—depreciation ⁽¹⁾	55,159			51,949			47,792
Deductions:
Cost of Real Estate Sold	—			—			(9,216		)
Other ⁽¹⁾⁽²⁾	(12,316		)	(3,862		)	(2,677		)
Balance, end of period	$	361,424		$	318,581		$	270,494


(1)	Includes discontinued operations for 160 King Street, which was sold on December 4, 2012.


(2)	Other deductions for the years ended December 31, 2014, 2013 and 2012 represent the write-off of fully depreciated assets.