CONCENTRATIONS

9 Months Ended

Sep. 30, 2020

Risks and Uncertainties [Abstract]

CONCENTRATIONS

16. CONCENTRATIONS

Tenant Revenue Concentrations—Rental and other property income from Kaiser Foundation Health Plan, Incorporated (“Kaiser”), which occupied space in two of our Oakland, California properties, accounted for approximately 27.9% and 22.2% of our office segment revenues for the three months ended September 30, 2020 and 2019, respectively, and approximately 26.1% and 15.6% for the nine months ended September 30, 2020 and 2019, respectively. As of September 30, 2020 and December 31, 2019, $51,000 and $23,000, respectively, was due from Kaiser.

Rental and other property income from the U.S. General Services Administration and other government agencies (collectively, “Governmental Tenants”), which primarily occupied space in our properties located in Washington, D.C., which were sold during the year ended December 31, 2019, accounted for approximately 2.5% and 11.2% of our office segment revenues for the three months ended September 30, 2020 and 2019, respectively, and approximately 2.3% and 20.0% for the nine months ended September 30, 2020 and 2019, respectively. As of September 30, 2020 and December 31, 2019, $3,000 and $282,000, respectively, was due from Governmental Tenants.

Geographical Concentrations of Investments in Real Estate—As of both September 30, 2020 and December 31, 2019, we owned eight office properties, one hotel property, one parking garage, and one development site, which is being used as a parking lot. These properties are located in two states and in Washington, D.C. as of September 30, 2019.

Our revenue concentrations from properties are as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
California	88.6	%	84.1	%	90.0	%	77.7	%
Texas	11.4		7.4		9.8		5.1
Washington, D.C.	—		8.5		0.2		17.2
	100.0	%	100.0	%	100.0	%	100.0	%

Our real estate investments concentrations from properties are as follows:

	September 30, 2020		December 31, 2019
California	93.9	%	94.4	%
Texas	6.1		5.6
	100.0	%	100.0	%