Debt (Tables)

12 Months Ended

Dec. 31, 2018

Summary of total secured notes payable outstanding

The following is a summary of the Operating Partnership's total secured notes payable outstanding as of December 31, 2018 and December 31, 2017 (in thousands):



Description of Debt	Principal Balance as of						Stated Interest Rate		Stated Maturity Date
Description of Debt	December 31, 2018			December 31, 2017			as of December 31, 2018		Stated Maturity Date
Loma Palisades ⁽¹⁾⁽²⁾	—			73,744			6.09	%	July 1, 2018
One Beach Street ⁽¹⁾⁽³⁾	—			21,900			3.94	%	April 1, 2019
Torrey Reserve—North Court ⁽⁴⁾	19,620			20,023			7.22	%	June 1, 2019
Torrey Reserve—VCI, VCII, VCIII ⁽⁴⁾	6,635			6,764			6.36	%	June 1, 2020
Solana Beach Corporate Centre I-II ⁽⁴⁾	10,502			10,721			5.91	%	June 1, 2020
Solana Beach Towne Centre ⁽⁴⁾	35,008			35,737			5.91	%	June 1, 2020
City Center Bellevue ⁽¹⁾	111,000			111,000			3.98	%	November 1, 2022
	182,765			279,889
Debt issuance costs, net of accumulated amortization of $671 and $1,191, respectively	(193		)	(339		)
Total Secured Notes Payable	$	182,572		$	279,550


(1)	Interest only.


(2)	Loan repaid in full, without premium or penalty, on March 30, 2018.


(3)	Loan repaid in full, without premium or penalty, on November 30, 2018.


(4)	Principal payments based on a 30-year amortization schedule.

Scheduled principal payments on notes payable

Scheduled principal payments on secured and unsecured notes payable as of December 31, 2018 are as follows (in thousands):



2019	$	120,762
2020	51,003
2021	150,000
2022	111,000
2023	150,000
Thereafter	650,000
	$	1,232,765