Debt (Tables)

12 Months Ended

Dec. 31, 2019

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, 2019 and December 31, 2018 (in thousands):



Description of Debt	Principal Balance as of						Stated Interest Rate		Stated Maturity Date
Description of Debt	December 31, 2019			December 31, 2018			as of December 31, 2019		Stated Maturity Date
Torrey Reserve—North Court ⁽¹⁾⁽²⁾	—			19,620			7.22	%	June 1, 2019
Torrey Reserve—VCI, VCII, VCIII ⁽²⁾	6,498			6,635			6.36	%	June 1, 2020
Solana Beach Corporate Centre I-II ⁽²⁾	10,270			10,502			5.91	%	June 1, 2020
Solana Beach Towne Centre ⁽²⁾	34,235			35,008			5.91	%	June 1, 2020
City Center Bellevue ⁽³⁾	111,000			111,000			3.98	%	November 1, 2022
	162,003			182,765
Debt issuance costs, net of accumulated amortization of $449 and $671, respectively	(124		)	(193		)
Total Secured Notes Payable	$	161,879		$	182,572


(1)	Loan repaid in full, without premium or penalty, on March 1, 2019.


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


(3)	Interest only.

Scheduled principal payments on notes payable

Scheduled principal payments on secured and unsecured notes payable as of December 31, 2019 are as follows (in thousands):



2020	$	51,003
2021	250,000
2022	111,000
2023	150,000
2024	100,000
Thereafter	700,000
	$	1,362,003