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

12 Months Ended

Dec. 31, 2017

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

SCHEDULE III-Consolidated Real Estate and Accumulated Depreciation

	Encumbrance as of December 31, 2017		Initial Cost				Cost Capitalized Subsequent to Acquisition			Gross Carrying Amount at December 31, 2017				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	$	14,405		$	26,816	$	123,279	$	(54,036	)	1997/1999	12/9/2003	35 years
Carmel Country Plaza	—		4,200		—		12,737			4,200		12,737		(7,807		)	1991	1/10/1989	35 years
Carmel Mountain Plaza	—		22,477		65,217		29,003			31,035		85,662		(38,406		)	1994/2014	3/28/2003	35 years
Del Monte Center	—		27,412		87,570		29,902			27,117		117,767		(57,704		)	1967/1984/2006	4/8/2004	35 years
Gateway Marketplace	—		17,363		21,644		335			17,363		21,979		(376		)	1997/2016	7/6/2017	35 years
Geary Marketplace	—		8,239		12,353		165			8,238		12,519		(2,036		)	2012	12/19/2012	35 years
Hassalo on Eighth - Retail	—		—		—		28,302			597		27,705		(2,229		)	2015	7/1/2011	35 years
Lomas Santa Fe Plaza	—		8,600		11,282		13,067			8,620		24,329		(15,578		)	1972/1997	6/12/1995	35 years
The Shops at Kalakaua	—		13,993		10,817		(6		)	14,006		10,798		(4,058		)	1971/2006	3/31/2005	35 years
Solana Beach Towne Centre	35,737		40,980		38,842		2,684			40,980		41,526		(9,423		)	1973/2000/2004	1/19/2011	35 years
South Bay Marketplace	—		4,401		—		11,036			4,401		11,036		(6,985		)	1997	9/16/1995	35 years
Waikele Center	—		55,593		126,858		60,654			70,643		172,462		(67,176		)	1993/2008	9/16/2004	35 years
City Center Bellevue	111,000		25,135		190,998		24,590			25,135		215,588		(36,352		)	1987	8/21/2012	40 years
First & Main	—		14,697		109,739		7,340			14,697		117,079		(24,671		)	2010	3/11/2011	40 years
The Landmark at One Market	—		34,575		141,196		9,080			34,575		150,276		(35,214		)	1917/2000	6/30/2010	40 years
Lloyd District Portfolio	—		18,660		61,401		58,221			11,845		126,437		(22,424		)	1940-2015	7/1/2011	40 years
One Beach Street	21,900		15,332		18,017		2,628			15,332		20,645		(4,174		)	1924/1972/1987/1992	1/24/2012	40 years
Solana Beach Corporate Centre:
Solana Beach Corporate Centre I-II	10,721		7,111		17,100		5,243			7,111		22,343		(4,659		)	1982/2005	1/19/2011	40 years
Solana Beach Corporate Centre III-IV	—		7,298		27,887		2,697			7,298		30,584		(6,680		)	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		—		46,557			5,408		45,244		(14,753		)	1996-1997/2014	6/6/1989	40 years
Pacific North Court	20,023		3,263		—		22,929			4,309		21,883		(10,942		)	1997-1998	6/6/1989	40 years
Pacific South Court	—		3,285		—		34,139			4,226		33,198		(13,134		)	1996-1997	6/6/1989	40 years
Pacific VC	6,764		1,413		—		9,451			2,148		8,716		(4,557		)	1998/2000	6/6/1989	40 years
Pacific Torrey Daycare	—		715		—		1,742			911		1,546		(866		)	1996-1997	6/6/1989	40 years
Torrey Reserve Building 6	—		—		—		7,960			682		7,278		(1,184		)	2013	6/6/1989	40 years
Torrey Reserve Building 5	—		—		—		3,508			1,017		2,491		(153		)	2014	6/6/1989	40 years
Torrey Reserve Building 13 & 14	—		—		—		13,937			2,188		11,749		(605		)	2015	6/6/1989	40 years
Imperial Beach Gardens	—		1,281		4,820		4,571			1,281		9,391		(7,867		)	1959/2008	7/31/1985	30 years
Loma Palisades	73,744		14,000		16,570		25,126			14,051		41,645		(26,518		)	1958/2001-2008	7/20/1990	30 years
Mariner’s Point	—		2,744		4,540		1,449			2,744		5,989		(3,168		)	1986	5/9/2001	30 years
Santa Fe Park RV Resort	—		401		928		834			401		1,762		(1,446		)	1971/2007-2008	6/1/1979	30 years
Pacific Ridge Apartments	—		47,971		178,497		144			47,971		178,641		(4,823		)	2013	4/28/2017	30 years
Hassalo on Eighth - Multifamily	—		—		—		177,642			6,220		171,422		(13,654		)	2015	7/1/2011	30 years
Waikiki Beach Walk:
Retail	—		45,995		74,943		441			45,995		75,384		(16,406		)	2006	1/19/2011	35 years
Hotel	—		30,640		60,029		1,460			30,640		61,489		(16,214		)	2008/2014	1/19/2011	35 years
Solana Beach - Highway 101 Land	—		7,847		202		796			8,845		—		(189		)	N/A	9/20/2011	N/A
Torrey Point	—		2,073		741		39,152			6,145		35,821		(964		)	N/A	5/9/1997	N/A

	Encumbrance as of December 31, 2017		Initial Cost				Cost Capitalized Subsequent to Acquisition		Gross Carrying Amount at December 31, 2017				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
	$	279,889	$	518,672	$	1,391,485	$	703,981	$	555,738	$	2,058,400	$	(537,431	)

(1) For Federal tax purposes, the aggregate tax basis is approximately $1.9 billion as of December 31, 2017.

	Year Ended December 31,
	2017			2016			2015
Real estate assets
Balance, beginning of period	$	2,301,006		2,246,028			2,136,824
Additions:
Property acquisitions	270,602			—			—
Improvements	44,755			59,199			119,719
Deductions:
Cost of Real Estate Sold	—			—			(7,396		)
Other (1)	(2,225		)	(4,221		)	(3,119		)
Balance, end of period	$	2,614,138		$	2,301,006		$	2,246,028
Accumulated depreciation
Balance, beginning of period	$	469,460		$	411,166		$	361,424
Additions—depreciation	70,196			62,515			54,534
Deductions:
Cost of Real Estate Sold	—			—			(2,334		)
Other (1)	(2,225		)	(4,221		)	(2,458		)
Balance, end of period	$	537,431		$	469,460		$	411,166

(1) Other deductions for the years ended December 31, 2017, 2016 and 2015 represent the write-off of fully depreciated assets.