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SCHEDULE III - 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 - REAL ESTATE AND ACCUMULATED DEPRECIATION
Schedule III—Real Estate and Accumulated Depreciation
December 31, 2023
(in thousands)
Initial CostNet
Improvements
(Write-Offs)
Since
Acquisition
Gross Amount at Which Carried (2)
Property Name,
City and State		EncumbrancesLandBuilding
and
Improvements		LandBuilding
and
Improvements		TotalAcc.
Deprec.		Year Built /
Renovated		Year of
Acquisition
Office
3601 S Congress Avenue (1)
Austin, TX$— $9,569 $18,593 $14,976 $9,569 $33,569 $43,138 $10,468 1918 / 2001 & 20202007
1 Kaiser Plaza
Oakland, CA97,100 9,261 113,619 14,353 9,261 127,972 137,233 54,338 1970 / 20082008
2 Kaiser Plaza Parking Lot (1)
Oakland, CA— 10,931 110 3,624 10,931 3,734 14,665 — N/A2015
11600 Wilshire Boulevard (1)
Los Angeles, CA— 3,477 18,522 2,780 3,477 21,302 24,779 7,902 19552010
11620 Wilshire Boulevard (1)
Los Angeles, CA— 7,672 51,999 8,214 7,672 60,213 67,885 21,902 19762010
4750 Wilshire Boulevard
Los Angeles, CA— 4,000 — 172 4,000 172 4,172 — 1984 / 2014 2014
Lindblade Media Center
Los Angeles, CA— 6,341 11,568 721 6,341 12,289 18,630 3,136 1930 & 1957 / 20102014
1037 N Sycamore
Los Angeles, CA— 1,839 1,094 130 1,839 1,224 3,063 81 2000 / 20212021
1130 Howard Street (1)
San Francisco, CA— 8,290 10,480 (49)8,290 10,431 18,721 1,706 1930 / 2016 & 20172017
9460 Wilshire Boulevard (1)
Los Angeles, CA— 52,199 76,730 3,038 52,199 79,768 131,967 12,677 1959 / 20082018
1021 E 7th Street
Austin, TX— 4,979 733 (188)4,979 545 5,524 112 1972 / 20012020
3101 S Western Avenue
Los Angeles, CA— 2,279 — 1,091 2,279 1,091 3,370 — N/A2022
3022 S Western Avenue
Los Angeles, CA— 5,638 156 716 5,638 872 6,510 12 N/A2022
1007 E 7th Street
Austin, TX— 1,866 6 264 1,866 270 2,136 — 19202022
3109 S Western Avenue
Los Angeles, CA— 712 2 117 712 119 831 — N/A2022
Channel House
Oakland, CA87,000 17,214 103,553 214 17,214 103,767 120,981 2,934 20212023
1150 Clay
Oakland, CA66,600 16,643 115,828 288 16,643 116,116 132,759 2,968 20212023
F3 Land Site
Oakland, CA— 251 — 31 251 31 282 — N/A2023
466 Water Street Land Site
Oakland, CA— 2,505 — 95 2,505 95 2,600 — N/A2023
Hotel
Sheraton Grand Hotel (1)
Sacramento, CA— 3,498 107,447 818 3,498 108,265 111,763 41,538 20012008
Sheraton Grand Hotel Parking & Retail (1)
Sacramento, CA— 6,551 10,996 322 6,551 11,318 17,869 4,342 20012008
$250,700$175,715 $641,436 $51,727 $175,715 $693,163 $868,878 $164,116 
(1)These properties collateralize the revolving credit facility, which had a $153.2 million outstanding balance as of December 31, 2023.
(2)The aggregate gross cost of property included above for federal income tax purposes approximates $956.9 million (unaudited) as of December 31, 2023.
Schedule III—Real Estate and Accumulated Depreciation (Continued)
December 31, 2023
(in thousands)
The following table reconciles the Company’s investments in real estate from January 1, 2022 to December 31, 2023:
Year Ended December 31,
20232022
(in thousands)
Investments in Real Estate
Balance, beginning of period$660,413 $642,702 
Additions:
Improvements10,969 10,548 
Property acquisitions255,993 10,756 
Deductions:
Asset sales(49,484)— 
Retirements(9,013)(3,593)
Balance, end of period$868,878 $660,413 
The following table reconciles the accumulated depreciation from January 1, 2022 to December 31, 2023:
Year Ended December 31,
20232022
(in thousands)
Accumulated Depreciation
Balance, beginning of period$(158,407)$(144,718)
Additions: depreciation(22,384)(17,282)
Deductions:
Assets held for sale— — 
Asset sales7,662 — 
Retirements9,013 3,593 
Balance, end of period$(164,116)$(158,407)