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U.S. Government Securities

3 Months Ended

Mar. 31, 2019

Investments, Debt and Equity Securities [Abstract]

U.S. Government Securities

U.S. Government Securities

The Company has U.S. Government securities of $145.0 million and $146.9 million as of March 31, 2019 and December 31, 2018. The One Westside and 10850 Pico properties acquisition in 2018 included the assumption of debt which was, in-substance, defeased through the purchase of U.S. Government-backed securities. The securities are investments held to maturity and are carried at amortized cost on the Consolidated Balance Sheets. As of March 31, 2019, the Company had $2.9 million of gross unrealized gains and no gross unrealized losses.

The following table summarizes the carrying value and fair value of the Company’s securities by the contractual maturity date March 31, 2019:

			Carrying Value						Fair Value
Due in 1 year			$	4,274					$	4,281
Due in 1 year through 5 years			140,718						143,632
TOTAL			$	144,992					$	147,913

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The entire disclosure for investments in certain debt and equity securities.

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