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

12 Months Ended

Dec. 31, 2019

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

SCHEDULE III-Consolidated Real Estate and Accumulated Depreciation

	Encumbrance as of December 31, 2019		Initial Cost				Cost Capitalized Subsequent to Acquisition			Gross Carrying Amount at December 31, 2019				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	$	18,142		$	26,816	$	127,016	$	(61,257	)	1997/1999	12/9/2003	35 years
Carmel Country Plaza	—		4,200		—		12,899			4,200		12,899		(8,675		)	1991	1/10/1989	35 years
Carmel Mountain Plaza	—		22,477		65,217		38,563			31,034		95,223		(44,156		)	1994/2014	3/28/2003	35 years
Del Monte Center	—		27,412		87,570		34,379			27,117		122,244		(66,204		)	1967/1984/2006	4/8/2004	35 years
Gateway Marketplace	—		17,363		21,644		1,097			17,363		22,741		(2,040		)	1997/2016	7/6/2017	35 years
Geary Marketplace	—		8,239		12,353		171			8,239		12,524		(2,800		)	2012	12/19/2012	35 years
Hassalo on Eighth - Retail	—		—		—		28,364			597		27,767		(5,106		)	2015	7/1/2011	35 years
Lomas Santa Fe Plaza	—		8,600		11,282		13,805			8,620		25,067		(17,166		)	1972/1997	6/12/1995	35 years
The Shops at Kalakaua	—		13,993		10,817		(6		)	14,006		10,798		(4,674		)	1971/2006	3/31/2005	35 years
Solana Beach Towne Centre	34,235		40,980		38,842		4,222			40,980		43,064		(12,291		)	1973/2000/2004	1/19/2011	35 years
South Bay Marketplace	—		4,401		—		12,760			4,401		12,760		(7,695		)	1997	9/16/1995	35 years
Waikele Center	—		55,593		126,858		41,174			70,643		152,982		(62,126		)	1993/2008	9/16/2004	35 years
City Center Bellevue	111,000		25,135		190,998		46,320			25,135		237,318		(52,543		)	1987	8/21/2012	40 years
First & Main	—		14,697		109,739		7,708			14,697		117,447		(32,259		)	2010	3/11/2011	40 years
The Landmark at One Market	—		34,575		141,196		13,351			34,575		154,547		(36,102		)	1917/2000	6/30/2010	40 years
Lloyd District Portfolio	—		18,660		61,401		90,191			11,845		158,407		(34,828		)	1940-2015	7/1/2011	40 years
One Beach Street	—		15,332		18,017		3,353			15,332		21,370		(5,716		)	1924/1972/1987/1992	1/24/2012	40 years
Solana Beach Corporate Centre:
Solana Beach Corporate Centre I-II	10,270		7,111		17,100		6,876			7,111		23,976		(6,515		)	1982/2005	1/19/2011	40 years
Solana Beach Corporate Centre III-IV	—		7,298		27,887		4,448			7,298		32,335		(8,429		)	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		—		52,130			5,408		50,817		(18,440		)	1996-1997/2014	6/6/1989	40 years
Pacific North Court	—		3,263		—		26,182			4,309		25,136		(12,015		)	1997-1998	6/6/1989	40 years
Pacific South Court	—		3,285		—		39,489			4,226		38,548		(14,733		)	1996-1997	6/6/1989	40 years
Pacific VC	6,498		1,413		—		10,154			2,148		9,419		(5,234		)	1998/2000	6/6/1989	40 years
Pacific Torrey Daycare	—		715		—		1,914			911		1,718		(939		)	1996-1997	6/6/1989	40 years
Torrey Reserve Building 6	—		—		—		8,006			682		7,324		(1,787		)	2013	6/6/1989	40 years
Torrey Reserve Building 5	—		—		—		4,010			1,017		2,993		(358		)	2014	6/6/1989	40 years
Torrey Reserve Building 13 & 14	—		—		—		15,916			2,188		13,728		(1,981		)	2015	6/6/1989	40 years
Torrey Point	—		2,073		741		45,229			5,050		42,993		(1,655		)	2018	5/9/1997	40 years
La Jolla Commons
La Jolla Commons I-II	—		62,312		393,662		882			62,312		394,544		(8,060		)	2008-2014	6/20/2019	40 years
La Jolla Commons Land	—		20,446		—		1,592			20,446		1,592		—			N/A	6/20/2019	N/A
Imperial Beach Gardens	—		1,281		4,820		5,049			1,281		9,869		(8,209		)	1959/2008	7/31/1985	30 years
Loma Palisades	—		14,000		16,570		28,085			14,052		44,603		(29,226		)	1958/2001-2008	7/20/1990	30 years
Mariner’s Point	—		2,744		4,540		1,695			2,744		6,235		(3,683		)	1986	5/9/2001	30 years
Santa Fe Park RV Resort	—		401		928		1,061			401		1,989		(1,515		)	1971/2007-2008	6/1/1979	30 years
Pacific Ridge Apartments	—		47,971		178,497		1,643			47,971		180,140		(17,930		)	2013	4/28/2017	30 years
Hassalo on Eighth - Multifamily	—		—		—		178,075			6,219		171,856		(25,645		)	2015	7/1/2011	30 years

	Encumbrance as of December 31, 2019		Initial Cost				Cost Capitalized Subsequent to Acquisition		Gross Carrying Amount at December 31, 2019				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
Waikiki Beach Walk:
Retail	—		45,995		74,943		851		45,995		75,794		(21,039		)	2006	1/19/2011	35 years
Hotel	—		30,640		60,029		10,329		30,640		70,358		(22,191		)	2008/2014	1/19/2011	35 years
	$	162,003	$	593,583	$	1,784,945	$	810,169	$	628,556	$	2,560,141	$	(665,222	)

(1) For Federal tax purposes, the aggregate tax basis is approximately $2.4 billion as of December 31, 2019.

	Year Ended December 31,
	2019			2018			2017
Real estate assets
Balance, beginning of period	$	2,630,191		2,614,138			2,301,006
Additions:
Property acquisitions	476,421			—			270,602
Improvements	101,285			62,790			44,755
Deductions:
Cost of Real Estate Sold	(8,845		)	—			—
Other (1)	(10,355		)	(46,737		)	(2,225		)
Balance, end of period	$	3,188,697		$	2,630,191		$	2,614,138
Accumulated depreciation
Balance, beginning of period	$	590,338		$	537,431		$	469,460
Additions—depreciation	85,428			99,644			70,196
Deductions:
Cost of Real Estate Sold	(189		)	—			—
Other (1)	(10,355		)	(46,737		)	(2,225		)
Balance, end of period	$	665,222		$	590,338		$	537,431

(1)

Other deductions for the years ended December 31, 2019, 2018 and 2017 represent the write-off of fully depreciated assets.