XML 47 R28.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Summary of Properties Owned
A summary of the properties owned by us is as follows:
Retail
Carmel Country Plaza
Gateway Marketplace
Alamo Quarry Market
Carmel Mountain Plaza
Del Monte Center
Hassalo on Eighth - Retail
South Bay Marketplace
Geary Marketplace
 
Lomas Santa Fe Plaza
The Shops at Kalakaua
 
Solana Beach Towne Centre
Waikele Center
 
Office
Torrey Reserve Campus
First & Main
 
Torrey Point
Lloyd District Portfolio
 
Solana Beach Corporate Centre
City Center Bellevue
 
The Landmark at One Market
 
 
One Beach Street
 
 
Multifamily
Loma Palisades
Hassalo on Eighth - Multifamily
 
Imperial Beach Gardens
 
 
Mariner's Point
 
 
Santa Fe Park RV Resort
 
 
Pacific Ridge Apartments
 
 
Mixed-Use
 
 
Waikiki Beach Walk Retail and Embassy Suites™ Hotel
 
Held for Development and Construction in Progress
Solana Beach Corporate Centre – Land
 
 
Solana Beach – Highway 101 – Land
 
 
Lloyd District Portfolio – Construction in Progress
 
 
A summary of our real estate investments is as follows (in thousands):
 
Retail
 
Office
 
Multifamily
 
Mixed-Use
 
Total
 
December 31, 2018
 
 
 
 
 
 
 
 

 
Land
$
262,860

 
$
143,467

 
$
72,668

 
$
76,635

 
$
555,630

 
Buildings
516,566

 
743,474

 
389,831

 
125,859

 
1,775,730

 
Land improvements
43,412

 
8,825

 
6,778

 
2,606

 
61,621

 
Tenant improvements
70,210

 
91,612

 
—

 
1,918

 
163,740

 
Furniture, fixtures, and equipment
570

 
2,671

 
13,844

 
6,826

 
23,911

 
Construction in progress
8,598

 
39,511

 
854

 
596

 
49,559

(1) 
 
902,216

 
1,029,560

 
483,975

 
214,440

 
2,630,191

 
Accumulated depreciation
(273,482
)
 
(206,986
)
 
(71,933
)
 
(37,937
)
 
(590,338
)
 
Net real estate
$
628,734

 
$
822,574

 
$
412,042

 
$
176,503

 
$
2,039,853

 
December 31, 2017
 
 
 
 
 
 
 
 
 
 
Land
$
262,860

 
$
143,575

 
$
72,668

 
$
76,635

 
$
555,738

 
Buildings
548,062

 
705,999

 
383,210

 
125,859

 
1,763,130

 
Land improvements
42,401

 
9,313

 
6,758

 
2,606

 
61,078

 
Tenant improvements
67,879

 
80,968

 
—

 
1,955

 
150,802

 
Furniture, fixtures, and equipment
372

 
2,085

 
12,377

 
6,429

 
21,263

 
Construction in progress
3,086

 
52,512

 
6,505

 
24

 
62,127

(1) 
 
924,660

 
994,452

 
481,518

 
213,508

 
2,614,138

 
Accumulated depreciation
(266,006
)
 
(181,331
)
 
(57,474
)
 
(32,620
)
 
(537,431
)
 
Net real estate
$
658,654

 
$
813,121

 
$
424,044

 
$
180,888

 
$
2,076,707

 


(1) Land related to held for development and construction in progress is included in the Held for Development and Construction in Progress classifications on the consolidated balance sheets.
Consolidated Statements of Cash Flows-Supplemental Disclosures
The following table provides supplemental disclosures related to the Consolidated Statements of Cash Flows (in thousands):
 
Year Ended December 31,
 
2018
 
2017
 
2016
Supplemental cash flow information
 
 
 
 
 
Total interest costs incurred
$
53,736

 
$
55,418

 
$
53,487

Interest capitalized
$
1,488

 
$
1,570

 
$
1,551

Interest expense
$
52,248

 
$
53,848

 
$
51,936

Cash paid for interest, net of amounts capitalized
$
52,632

 
$
47,473

 
$
47,793

Cash paid for income taxes
$
462

 
$
461

 
$
641

Supplemental schedule of noncash investing and financing activities
 
 
 
 
 
Increase (decrease) in accounts payable and accrued liabilities for construction in progress
$
8,379

 
$
(2,746
)
 
$
(435
)
Increase (decrease) in accrued leasing commissions
$
3,534

 
$
726

 
$
(355
)
Reduction to capital for prepaid equity financing costs
$
241

 
$
—

 
$
—