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

12 Months Ended

Dec. 31, 2021

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, 2021		Initial Cost				Cost Capitalized Subsequent to Acquisition		Gross Carrying Amount at December 31, 2021				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	$	21,557	$	26,816	$	130,431	$	(68,138)	1997/1999	12/9/2003	35 years
Carmel Country Plaza	—		4,200		—		13,235		4,200		13,235		(9,361)		1991	1/10/1989	35 years
Carmel Mountain Plaza	—		22,477		65,217		37,619		31,034		94,279		(50,201)		1994/2014	3/28/2003	35 years
Del Monte Center	—		27,412		87,570		34,958		27,117		122,823		(73,187)		1967/1984/2006	4/8/2004	35 years
Gateway Marketplace	—		17,363		21,644		1,239		17,363		22,883		(3,767)		1997/2016	7/6/2017	35 years
Geary Marketplace	—		8,239		12,353		227		8,239		12,580		(3,593)		2012	12/19/2012	35 years
Hassalo on Eighth - Retail	—		—		—		29,044		597		28,447		(7,821)		2015	7/1/2011	35 years
Lomas Santa Fe Plaza	—		8,600		11,282		14,081		8,620		25,343		(18,707)		1972/1997	6/12/1995	35 years
The Shops at Kalakaua	—		13,993		10,817		144		14,006		10,948		(5,342)		1971/2006	3/31/2005	35 years
Solana Beach Towne Centre	—		40,980		38,842		4,577		40,980		43,419		(15,212)		1973/2000/2004	1/19/2011	35 years
South Bay Marketplace	—		4,401		—		12,653		4,401		12,653		(8,383)		1997	9/16/1995	35 years
Waikele Center	—		55,593		126,858		43,617		70,644		155,424		(71,661)		1993/2008	9/16/2004	35 years
City Center Bellevue	111,000		25,135		190,998		57,802		25,135		248,800		(73,173)		1987	8/21/2012	40 years
Eastgate Office Park	—		35,822		82,737		490		35,822		83,227		(1,854)		1985	7/7/2021	40 years
Corporate Campus East III	—		23,203		55,992		11		23,203		56,003		(681)		1986	9/10/2021	40 years
First & Main	—		14,697		109,739		11,260		14,697		120,999		(37,427)		2010	3/11/2011	40 years
The Landmark at One Market	—		34,575		141,196		32,405		34,575		173,601		(47,420)		1917/2000	6/30/2010	40 years
Lloyd Portfolio	—		18,660		61,401		104,807		11,845		173,023		(50,452)		1940-2015	7/1/2011	40 years
One Beach Street	—		15,332		18,017		20,378		15,332		38,395		(4,456)		1924/1972/1987/1992	1/24/2012	40 years
Solana Crossing:
Solana Crossing I-II	—		7,111		17,100		8,166		7,111		25,266		(8,342)		1982/2005	1/19/2011	40 years
Solana Crossing III-IV	—		7,298		27,887		6,271		7,298		34,158		(10,859)		1982/2005	1/19/2011	40 years
Solana Crossing Land	—		487		—		60		547		—		—		N/A	1/19/2011	N/A
Torrey Reserve Campus:
Torrey Plaza	—		4,095		—		59,936		5,408		58,623		(23,260)		1996-1997/2014	6/6/1989	40 years
Pacific North Court	—		3,263		—		28,599		4,309		27,553		(13,860)		1997-1998	6/6/1989	40 years
Pacific South Court	—		3,285		—		40,015		4,226		39,074		(17,795)		1996-1997	6/6/1989	40 years
Pacific VC	—		1,413		—		10,637		2,148		9,902		(6,076)		1998/2000	6/6/1989	40 years
Pacific Torrey Daycare	—		715		—		1,963		911		1,767		(1,040)		1996-1997	6/6/1989	40 years
Torrey Reserve Building 6	—		—		—		8,012		682		7,330		(2,372)		2013	6/6/1989	40 years
Torrey Reserve Building 5	—		—		—		4,012		1,017		2,995		(678)		2014	6/6/1989	40 years
Torrey Reserve Building 13 & 14	—		—		—		16,139		2,188		13,951		(3,566)		2015	6/6/1989	40 years
Torrey Point	—		2,073		741		49,779		5,050		47,543		(5,496)		2018	5/9/1997	40 years
La Jolla Commons
La Jolla Commons I-II	—		62,312		393,662		2,507		62,312		396,169		(34,627)		2008-2014	6/20/2019	40 years
La Jolla Commons Land	—		20,446		—		37,003		20,446		37,003		—		N/A	6/20/2019	N/A
Imperial Beach Gardens	—		1,281		4,820		6,085		1,281		10,905		(8,692)		1959/2008	7/31/1985	30 years
Loma Palisades	—		14,000		16,570		34,101		14,052		50,619		(31,846)		1958/2001 - 2008/2021	7/20/1990	30 years
Mariner’s Point	—		2,744		4,540		1,902		2,744		6,442		(4,236)		1986	5/9/2001	30 years
Santa Fe Park RV Resort	—		401		928		1,460		401		2,388		(1,613)		1971/2007-2008	6/1/1979	30 years

	Encumbrance as of December 31, 2021		Initial Cost				Cost Capitalized Subsequent to Acquisition		Gross Carrying Amount at December 31, 2021				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
Pacific Ridge Apartments	—		47,971		178,497		2,831		47,971		181,328		(31,341)		2013	4/28/2017	30 years
Hassalo on Eighth - Multifamily	—		—		—		178,503		6,219		172,284		(37,589)		2015	7/1/2011	30 years
Waikiki Beach Walk:
Retail	—		45,995		74,943		971		45,995		75,914		(25,065)		2006	1/19/2011	35 years
Hotel	—		30,640		60,029		14,033		30,640		74,062		(28,201)		2008/2014/2020	1/19/2011	35 years
	$	111,000	$	652,608	$	1,923,674	$	953,089	$	687,582	$	2,841,789	$	(847,390)

(1) For Federal tax purposes, the aggregate tax basis is approximately $2.5 billion as of December 31, 2021.

	Year Ended December 31,
	2021		2020		2019
Real estate assets
Balance, beginning of period	$	3,246,874	3,188,697		2,630,191
Additions:
Property acquisitions	197,754		—		476,421
Improvements	93,455		64,997		101,285
Deductions:
Cost of Real Estate Sold	—		—		(8,845)
Other (1)	(8,712)		(6,820)		(10,355)
Balance, end of period	$	3,529,371	$	3,246,874	$	3,188,697
Accumulated depreciation
Balance, beginning of period	$	754,140	$	665,222	$	590,338
Additions—depreciation	101,962		95,738		85,428
Deductions:
Cost of Real Estate Sold	—		—		(189)
Other (1)	(8,712)		(6,820)		(10,355)
Balance, end of period	$	847,390	$	754,140	$	665,222

(1)Other deductions for the years ended December 31, 2021, 2020 and 2019 represent the write-off of fully depreciated assets.