XML 40 R26.htm IDEA: XBRL DOCUMENT
v3.22.0.1

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION | 12 Months Ended
--- | ---
Dec. 31, 2021
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, 2021 (in thousands)
|  |  |  |  | Initial Cost |  | Net Improvements (Write-Offs) Since Acquisition |  | Gross Amount at Which Carried (2) |  |  |  |
Property Name, City and State |  | Encumbrances |  | Land |  | Building and Improvements |  |  | Land |  | Building and Improvements |  | Total |  | Acc. Deprec. |  | Year Built / Renovated |  | Year of Acquisition
Office |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
3601 S Congress Avenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Austin, TX |  |  | (1) |  | $ | 9,569 |  |  | $ | 18,593 |  |  | $ | 12,532 |  |  | $ | 9,569 |  |  | $ | 31,125 |  |  | $ | 40,694 |  |  | $ | 8,857 |  |  | 1918 / 2001 & 2020 |  | 2007
1 Kaiser Plaza |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Oakland, CA |  | $ | 97,100 |  |  | 9,261 |  |  | 113,619 |  |  | 19,048 |  |  | 9,261 |  |  | 132,667 |  |  | 141,928 |  |  | 52,113 |  |  | 1970 / 2008 |  | 2008
2 Kaiser Plaza Parking Lot |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Oakland, CA |  | — |  |  |  | 10,931 |  |  | 110 |  |  | 3,153 |  |  | 10,931 |  |  | 3,263 |  |  | 14,194 |  |  | 42 |  |  | N/A |  | 2015
11600 Wilshire Boulevard |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Los Angeles, CA |  |  | (1) |  | 3,477 |  |  | 18,522 |  |  | 2,090 |  |  | 3,477 |  |  | 20,612 |  |  | 24,089 |  |  | 6,584 |  |  | 1955 |  | 2010
11620 Wilshire Boulevard |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Los Angeles, CA |  |  | (1) |  | 7,672 |  |  | 51,999 |  |  | 6,457 |  |  | 7,672 |  |  | 58,456 |  |  | 66,128 |  |  | 17,940 |  |  | 1976 |  | 2010
4750 Wilshire Boulevard |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Los Angeles, CA |  |  | (1) |  | 16,633 |  |  | 28,985 |  |  | 5,375 |  |  | 16,633 |  |  | 34,360 |  |  | 50,993 |  |  | 6,367 |  |  | 1984 / 2014 |  | 2014
Lindblade Media Center |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Los Angeles, CA |  |  | (1) |  | 6,342 |  |  | 11,568 |  |  | (101) |  |  | 6,342 |  |  | 11,467 |  |  | 17,809 |  |  | 2,198 |  |  | 1930 & 1957 / 2010 |  | 2014
1037 N Sycamore |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Los Angeles, CA |  | — |  |  |  | 1,839 |  |  | 1,094 |  |  | 48 |  |  | 1,839 |  |  | 1,142 |  |  | 2,981 |  |  | 14 |  |  | 2000 / 2021 |  | 2021
1130 Howard Street |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
San Francisco, CA |  |  | (1) |  | 8,290 |  |  | 10,480 |  |  | 131 |  |  | 8,290 |  |  | 10,611 |  |  | 18,901 |  |  | 1,297 |  |  | 1930 / 2016 & 2017 |  | 2017
9460 Wilshire Boulevard |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Los Angeles, CA |  |  | (1) |  | 52,199 |  |  | 76,730 |  |  | 1,681 |  |  | 52,199 |  |  | 78,411 |  |  | 130,610 |  |  | 8,738 |  |  | 1959 / 2008 |  | 2018
1021 E 7th Street |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Austin, TX |  | — |  |  |  | 4,976 |  |  | 733 |  |  | — |  |  | 4,976 |  |  | 733 |  |  | 5,709 |  |  | 113 |  |  | 1972 / 2001 |  | 2020
Hotel |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sheraton Grand Hotel |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sacramento, CA |  |  | (1) |  | 3,497 |  |  | 107,447 |  |  | (99) |  |  | 3,497 |  |  | 107,348 |  |  | 110,845 |  |  | 36,612 |  |  | 2001 |  | 2008
Sheraton Grand Hotel Parking & Retail |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sacramento, CA |  | — |  |  |  | 6,550 |  |  | 10,996 |  |  | 275 |  |  | 6,550 |  |  | 11,271 |  |  | 17,821 |  |  | 3,843 |  |  | 2001 |  | 2008
|  | $ | 97,100 |  | $ | 141,236 |  |  | $ | 450,876 |  |  | $ | 50,590 |  |  | $ | 141,236 |  |  | $ | 501,466 |  |  | $ | 642,702 |  |  | $ | 144,718 |  |  |  |  |
(1)These properties collateralize the revolving credit facility, which had a $60.0 million outstanding balance as of December 31, 2021. (2)The aggregate gross cost of property included above for federal income tax purposes approximates $695.1 million (unaudited) as of December 31, 2021. Schedule III—Real Estate and Accumulated Depreciation (Continued) December 31, 2021 (in thousands) The following table reconciles the Company’s investments in real estate from January 1, 2020 to December 31, 2021:
| Year Ended December 31,
| 2021 |  | 2020 |  |
| (in thousands)
Investments in Real Estate |  |  |  |  |
Balance, beginning of period | $ | 637,205 |  |  | $ | 629,262 |  |  |
Additions: |  |  |  |  |
Improvements | 5,907 |  |  | 9,335 |  |  |
Property acquisitions | 2,933 |  |  | 5,709 |  |  |
Deductions: |  |  |  |  |
Assets held for sale | — |  |  | — |  |  |
Asset sales | — |  |  | — |  |  |
Impairment | — |  |  | — |  |  |
Retirements | (3,343) |  |  | (7,101) |  |  |
Balance, end of period | $ | 642,702 |  |  | $ | 637,205 |  |  |
The following table reconciles the accumulated depreciation from January 1, 2020 to December 31, 2021:
| Year Ended December 31,
| 2021 |  | 2020 |  |
| (in thousands)
Accumulated Depreciation |  |  |  |  |
Balance, beginning of period | $ | (131,165) |  |  | $ | (120,555) |  |  |
Additions: depreciation | (16,896) |  |  | (17,711) |  |  |
Deductions: |  |  |  |  |
Assets held for sale | — |  |  | — |  |  |
Asset sales | — |  |  | — |  |  |
Retirements | 3,343 |  |  | 7,101 |  |  |
Balance, end of period | $ | (144,718) |  |  | $ | (131,165) |  |  |

X
- References No definition available. + Details
Name: | srt_RealEstateAndAccumulatedDepreciationDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of real estate investments and associated accumulated depreciation for entities with a significant portion of their business acquiring and holding investment real estate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 28 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -SubTopic 360 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-28) -URI http://asc.fasb.org/extlink&oid=120402810&loc=d3e638233-123024 + Details
Name: | srt_RealEstateAndAccumulatedDepreciationDisclosureTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration