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SCHEDULE III-Consolidated Real Estate and Accumulated Depreciation (Notes)
 12 Months Ended
Dec. 31, 2016
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]  
SCHEDULE III-Consolidated Real Estate and Accumulated Depreciation
 
Encumbrance as of December 31, 2016
 
Initial Cost
 
Cost Capitalized Subsequent to Acquisition
 
Gross Carrying Amount
at December 31, 2016
 
Accumulated
Depreciation and
Amortization
 
Year Built/
Renovated
 
Date Acquired
 
Life on which depreciation in latest income statements is computed
Description
 
Land
 
Building and
Improvements
 
 
Land
 
Building and
Improvements
 
 
 
 
Alamo Quarry Market
$
—

 
$
26,396

 
$
109,294

 
$
14,290

 
$
26,816

 
$
123,164

 
$
(50,087
)
 
1997/1999
 
12/9/2003
 
35 years
Carmel Country Plaza
—

 
4,200

 
—

 
12,094

 
4,200

 
12,094

 
(7,518
)
 
1991
 
1/10/1989
 
35 years
Carmel Mountain Plaza
—

 
22,477

 
65,217

 
27,040

 
31,035

 
83,699

 
(35,061
)
 
1994/2014
 
3/28/2003
 
35 years
Del Monte Center
—

 
27,412

 
87,570

 
23,333

 
27,117

 
111,198

 
(53,786
)
 
1967/1984/2006
 
4/8/2004
 
35 years
Geary Marketplace
—

 
8,239

 
12,353

 
165

 
8,238

 
12,519

 
(1,629
)
 
2012
 
12/19/2012
 
35 years
Hassalo on Eighth - Retail
—

 
—

 
—

 
27,950

 
597

 
27,353

 
(764
)
 
2015
 
7/1/2011
 
35 years
Lomas Santa Fe Plaza
—

 
8,600

 
11,282

 
12,262

 
8,620

 
23,524

 
(14,703
)
 
1972/1997
 
6/12/1995
 
35 years
The Shops at Kalakaua
—

 
13,993

 
10,817

 
(33
)
 
14,006

 
10,771

 
(3,750
)
 
1971/2006
 
3/31/2005
 
35 years
Solana Beach Towne Centre
36,424

 
40,980

 
38,842

 
2,437

 
40,980

 
41,279

 
(8,011
)
 
1973/2000/2004
 
1/19/2011
 
35 years
South Bay Marketplace
—

 
4,401

 
—

 
10,774

 
4,401

 
10,774

 
(6,686
)
 
1997
 
9/16/1995
 
35 years
Waikele Center
—

 
55,593

 
126,858

 
59,415

 
70,643

 
171,223

 
(61,706
)
 
1993/2008
 
9/16/2004
 
35 years
City Center Bellevue
111,000

 
25,135

 
190,998

 
21,352

 
25,135

 
212,350

 
(29,564
)
 
1987
 
8/21/2012
 
40 years
First & Main
—

 
14,697

 
109,739

 
7,254

 
14,697

 
116,993

 
(20,905
)
 
2010
 
3/11/2011
 
40 years
The Landmark at One Market
—

 
34,575

 
141,196

 
8,692

 
34,575

 
149,888

 
(30,179
)
 
1917/2000
 
6/30/2010
 
40 years
Lloyd District Portfolio
—

 
18,660

 
61,401

 
51,726

 
11,845

 
119,942

 
(16,607
)
 
1940-2011/present
 
7/1/2011
 
40 years
One Beach Street
21,900

 
15,332

 
18,017

 
2,659

 
15,332

 
20,676

 
(3,494
)
 
1924/1972/1987/1992
 
1/24/2012
 
40 years
Solana Beach Corporate Centre:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Solana Beach Corporate Centre I-II
10,927

 
7,111

 
17,100

 
4,322

 
7,111

 
21,422

 
(3,930
)
 
1982/2005
 
1/19/2011
 
40 years
Solana Beach Corporate Centre III-IV
35,440

 
7,298

 
27,887

 
2,564

 
7,298

 
30,451

 
(5,667
)
 
1982/2005
 
1/19/2011
 
40 years
Solana Beach Corporate Centre Land
—

 
487

 
—

 
60

 
547

 
—

 
—

 
N/A
 
1/19/2011
 
N/A
Torrey Reserve Campus:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Torrey Plaza
—

 
4,095

 
—

 
41,919

 
5,408

 
40,606

 
(13,316
)
 
1996-1997/2014
 
6/6/1989
 
40 years
Pacific North Court
20,399

 
3,263

 
—

 
22,180

 
4,309

 
21,134

 
(10,297
)
 
1997-1998
 
6/6/1989
 
40 years
Pacific South Court
—

 
3,285

 
—

 
33,236

 
4,226

 
32,295

 
(11,973
)
 
1996-1997
 
6/6/1989
 
40 years
Pacific VC
6,884

 
1,413

 
—

 
9,191

 
2,148

 
8,456

 
(4,235
)
 
1998/2000
 
6/6/1989
 
40 years
Pacific Torrey Daycare
—

 
715

 
—

 
1,694

 
911

 
1,498

 
(833
)
 
1996-1997
 
6/6/1989
 
40 years
Torrey Reserve Building 6
—

 
—

 
—

 
7,943

 
682

 
7,261

 
(886
)
 
2013
 
6/6/1989
 
40 years
Torrey Reserve Building 5
—

 
—

 
—

 
3,468

 
1,017

 
2,451

 
(92
)
 
2014
 
6/6/1989
 
40 years
Torrey Reserve Building 13 & 14
—

 
—

 
—

 
12,266

 
2,188

 
10,078

 
(188
)
 
2015
 
6/6/1989
 
40 years
Imperial Beach Gardens
—

 
1,281

 
4,820

 
4,373

 
1,281

 
9,193

 
(7,764
)
 
1959/2008
 
7/31/1985
 
30 years
Loma Palisades
73,744

 
14,000

 
16,570

 
18,734

 
14,051

 
35,253

 
(25,352
)
 
1958/2001-2008
 
7/20/1990
 
30 years
Mariner’s Point
—

 
2,744

 
4,540

 
1,331

 
2,744

 
5,871

 
(2,937
)
 
1986
 
5/9/2001
 
30 years
Santa Fe Park RV Resort
—

 
401

 
928

 
819

 
401

 
1,747

 
(1,421
)
 
1971/2007-2008
 
6/1/1979
 
30 years
Hassalo on Eighth - Multifamily
—

 
—

 
—

 
177,218

 
6,220

 
170,998

 
(7,657
)
 
2015
 
7/1/2011
 
30 years
Waikiki Beach Walk:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail
130,310

 
45,995

 
74,943

 
247

 
45,995

 
75,190

 
(14,056
)
 
2006
 
1/19/2011
 
35 years
Hotel
—

 
30,640

 
60,029

 
1,312

 
30,640

 
61,341

 
(13,253
)
 
2008/2014
 
1/19/2011
 
35 years
Solana Beach - Highway 101 Land
—

 
7,847

 
202

 
851

 
8,900

 
—

 
(189
)
 
N/A
 
9/20/2011
 
N/A
Torrey Point

—

 
2,073

 
741

 
31,186

 
6,145

 
27,855

 
(964
)
 
N/A
 
5/9/1997
 
N/A
 
$
447,028

 
$
453,338

 
$
1,191,344

 
$
656,324

 
$
490,459

 
$
1,810,547

 
$
(469,460
)
 
 
 
 
 
 
(1) For Federal tax purposes, the aggregate tax basis is approximately $1.6 billion as of December 31, 2016.
 
Year Ended December 31,
 
2016
 
2015
 
2014
Real estate assets
 
 
 
 
 
Balance, beginning of period
$
2,246,028

 
2,136,824

 
1,995,417

Additions:
 
 
 
 
 
Improvements
59,199

 
119,719

 
154,594

Deductions:
 
 
 
 
 
Cost of Real Estate Sold
—

 
(7,396
)
 
—

Other (1)
(4,221
)
 
(3,119
)
 
(13,187
)
Balance, end of period
$
2,301,006

 
$
2,246,028

 
$
2,136,824

Accumulated depreciation
 
 
 
 
 
Balance, beginning of period
$
411,166

 
$
361,424

 
$
318,581

Additions—depreciation
62,515

 
54,534

 
55,159

Deductions:
 
 
 
 
 
Cost of Real Estate Sold
—

 
(2,334
)
 
—

Other (1)
(4,221
)
 
(2,458
)
 
(12,316
)
Balance, end of period
$
469,460

 
$
411,166

 
$
361,424



(1)
Other deductions for the years ended December 31, 2016, 2015 and 2014 represent the write-off of fully depreciated assets.