Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

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
La Jolla Commons			One Beach Street
Torrey Reserve Campus			First & Main
Torrey Point			Lloyd District Portfolio
Solana Crossing (formerly Solana Beach Corporate Centre)			City Center Bellevue
The Landmark at One Market


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
La Jolla Commons - Land
Solana Crossing – 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, 2020
Land	$	254,016	$	225,238	$	72,668	$	76,635	$	628,557
Buildings	526,522		1,137,711		392,224		128,477		2,184,934
Land improvements	47,425		11,672		7,346		2,606		69,049
Tenant improvements	88,326		186,423		—		1,890		276,639
Furniture, fixtures, and equipment	1,069		3,236		16,480		15,651		36,436
Construction in progress	5,170		43,595		1,831		663		51,259		(1)
	922,528		1,607,875		490,549		225,922		3,246,874
Accumulated depreciation	(314,610)		(290,768)		(100,745)		(48,017)		(754,140)
Net real estate	$	607,918	$	1,317,107	$	389,804	$	177,905	$	2,492,734
December 31, 2019
Land	$	254,016	$	225,238	$	72,668	$	76,635	$	628,557
Buildings	523,645		1,132,990		390,379		126,726		2,173,740
Land improvements	46,335		11,097		7,106		2,606		67,144
Tenant improvements	87,707		151,662		—		2,252		241,621
Furniture, fixtures, and equipment	911		3,065		14,995		7,187		26,158
Construction in progress	6,487		35,397		2,212		7,381		51,477		(1)
	919,101		1,559,449		487,360		222,787		3,188,697
Accumulated depreciation	(294,189)		(241,595)		(86,208)		(43,230)		(665,222)
Net real estate	$	624,912	$	1,317,854	$	401,152	$	179,557	$	2,523,475

(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,
	2020		2019		2018
Supplemental cash flow information
Total interest costs incurred	$	54,510	$	54,636	$	53,736
Interest capitalized	$	1,070	$	628	$	1,488
Interest expense	$	53,440	$	54,008	$	52,248
Cash paid for interest, net of amounts capitalized	$	53,467	$	51,975	$	52,632
Cash paid for income taxes	$	844	$	971	$	462
Supplemental schedule of noncash investing and financing activities
Accounts payable and accrued liabilities for construction in progress	$	22,884	$	25,413	$	14,440
Accrued leasing commissions	$	555	$	3,345	$	5,229
Reduction to capital for prepaid equity financing costs	$	—	$	—	$	241
Building recorded in termination of ground lease	$	—	$	4,518	$	—