SCHEDULE III-Consolidated Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2023

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, 2023		Initial Cost				Cost Capitalized Subsequent to Acquisition		Gross Carrying Amount at December 31, 2023				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	$	29,607	$	26,816	$	138,481	$	(76,918)	1997/1999	12/9/2003	35 years
Carmel Country Plaza	—		4,200		—		13,706		4,200		13,706		(10,303)		1991	1/10/1989	35 years
Carmel Mountain Plaza	—		22,477		65,217		43,130		31,034		99,790		(56,949)		1994/2014	3/28/2003	35 years
Del Monte Center	—		27,412		87,570		34,082		27,117		121,947		(77,808)		1967/1984/2006	4/8/2004	35 years
Gateway Marketplace	—		17,363		21,644		1,127		17,363		22,771		(5,440)		1997/2016	7/6/2017	35 years
Geary Marketplace	—		8,239		12,353		300		8,239		12,653		(4,384)		2012	12/19/2012	35 years
Hassalo on Eighth - Retail	—		—		—		28,217		597		27,620		(10,020)		2015	7/1/2011	35 years
Lomas Santa Fe Plaza	—		8,600		11,282		13,658		8,620		24,920		(20,309)		1972/1997	6/12/1995	35 years
The Shops at Kalakaua	—		13,993		10,817		157		14,006		10,961		(6,050)		1971/2006	3/31/2005	35 years
Solana Beach Towne Centre	—		40,980		38,842		5,223		40,980		44,065		(18,096)		1973/2000/2004	1/19/2011	35 years
South Bay Marketplace	—		4,401		—		13,001		4,401		13,001		(9,140)		1997	9/16/1995	35 years
Waikele Center	—		55,593		126,858		44,909		70,644		156,716		(81,702)		1993/2008	9/16/2004	35 years
City Center Bellevue	75,000		25,135		190,998		55,397		25,135		246,395		(83,994)		1987	8/21/2012	40 years
Eastgate Office Park	—		35,822		82,737		8,554		35,822		91,291		(7,585)		1985	7/7/2021	40 years
Corporate Campus East III	—		23,203		55,992		3,478		23,203		59,470		(4,824)		1986	9/10/2021	40 years
Bel-Spring 520	—		13,744		30,339		1,171		13,744		31,510		(2,232)		1983	3/8/2022	40 years
First & Main	—		14,697		109,739		12,828		14,697		122,567		(45,395)		2010	3/11/2011	40 years
The Landmark at One Market	—		34,575		141,196		34,954		34,575		176,150		(63,256)		1917/2000	6/30/2010	40 years
Lloyd Portfolio	—		18,660		61,401		104,774		11,845		172,990		(64,638)		1940-2015	7/1/2011	40 years
One Beach Street	—		15,332		18,017		41,655		15,332		59,672		(4,457)		1924/1972/1987/1992	1/24/2012	40 years
Solana Crossing:
Solana Crossing I-II	—		7,111		17,100		9,963		7,111		27,063		(9,742)		1982/2005	1/19/2011	40 years
Solana Crossing III-IV	—		7,298		27,887		7,939		7,298		35,826		(13,016)		1982/2005	1/19/2011	40 years
Solana Crossing Land	—		487		—		—		487		—		—		N/A	1/19/2011	N/A
Torrey Reserve Campus:
Torrey Plaza	—		4,095		—		67,509		5,408		66,196		(28,969)		1996-1997/2014	6/6/1989	40 years
Pacific North Court	—		3,263		—		35,967		4,309		34,921		(16,482)		1997-1998	6/6/1989	40 years
Pacific South Court	—		3,285		—		39,878		4,226		38,937		(20,103)		1996-1997	6/6/1989	40 years
Pacific VC	—		1,413		—		10,946		2,148		10,211		(6,705)		1998/2000	6/6/1989	40 years
Pacific Torrey Daycare	—		715		—		1,963		911		1,767		(1,153)		1996-1997	6/6/1989	40 years
Torrey Reserve Building 6	—		—		—		8,012		682		7,330		(2,945)		2013	6/6/1989	40 years
Torrey Reserve Building 5	—		—		—		4,012		1,017		2,995		(999)		2014	6/6/1989	40 years
Torrey Reserve Building 13 & 14	—		—		—		16,403		2,188		14,215		(5,095)		2015	6/6/1989	40 years
Torrey Point	—		2,073		741		49,886		5,050		47,650		(9,921)		2018	5/9/1997	40 years
La Jolla Commons
La Jolla Commons I-II	—		62,312		393,662		12,201		62,312		405,863		(57,847)		2008-2014	6/20/2019	40 years
La Jolla Commons Land	—		20,446		—		112,718		20,446		112,718		—		N/A	6/20/2019	N/A
Imperial Beach Gardens	—		1,281		4,820		7,825		1,281		12,645		(9,405)		1959/2008	7/31/1985	30 years
Loma Palisades	—		14,000		16,570		40,087		14,052		56,605		(35,027)		1958/2001 - 2008/2021	7/20/1990	30 years
Mariner’s Point	—		2,744		4,540		2,282		2,744		6,822		(4,801)		1986	5/9/2001	30 years

	Encumbrance as of December 31, 2023		Initial Cost				Cost Capitalized Subsequent to Acquisition		Gross Carrying Amount at December 31, 2023				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
Santa Fe Park RV Resort	—		401		928		1,577		401		2,505		(1,762)		1971/2007-2008	6/1/1979	30 years
Pacific Ridge Apartments	—		47,971		178,497		4,223		47,971		182,720		(45,181)		2013	4/28/2017	30 years
Hassalo on Eighth - Multifamily	—		—		—		178,871		6,219		172,652		(49,208)		2015	7/1/2011	30 years
Waikiki Beach Walk:
Retail	—		45,995		74,943		2,085		45,995		77,028		(29,655)		2006	1/19/2011	35 years
Hotel	—		30,640		60,029		17,128		30,640		77,157		(34,937)		2008/2014/2020	1/19/2011	35 years
	$	75,000	$	666,352	$	1,954,013	$	1,121,403	$	701,266	$	3,040,502	$	(1,036,453)

(1) For Federal tax purposes, the aggregate tax basis is approximately $2.5 billion as of December 31, 2023.

	Year Ended December 31,
	2023		2022		2021
Real estate assets
Balance, beginning of period	$	3,671,469	3,529,371		3,246,874
Additions:
Property acquisitions	—		44,076		197,754
Improvements	78,249		116,613		93,455
Deductions:
Cost of Real Estate Sold	—		—		—
Other (1)	(7,950)		(18,591)		(8,712)
Balance, end of period	$	3,741,768	$	3,671,469	$	3,529,371
Accumulated depreciation
Balance, beginning of period	$	936,913	$	847,390	$	754,140
Additions—depreciation	106,306		108,118		101,962
Deductions:
Cost of Real Estate Sold	—		—		—
Other (2)	(6,766)		(18,595)		(8,712)
Balance, end of period	$	1,036,453	$	936,913	$	847,390

(1)Other deductions for the years ended December 31, 2023, 2022 and 2021 represent the write-off of fully depreciated assets and certain incomplete development costs written off.

(2)Other deductions for the years ended December 31, 2023, 2022 and 2021 represent the write-off of fully depreciated assets.