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Real Estate (Tables)
 12 Months Ended
Dec. 31, 2020
Real Estate [Line Items]  
Summary of Real Estate Investments A summary of the properties owned by us is as follows:
Retail
Carmel Country PlazaGateway MarketplaceAlamo Quarry Market
Carmel Mountain PlazaDel Monte CenterHassalo on Eighth - Retail
South Bay MarketplaceGeary Marketplace
Lomas Santa Fe PlazaThe Shops at Kalakaua
Solana Beach Towne CentreWaikele Center

Office
La Jolla CommonsOne Beach Street
Torrey Reserve CampusFirst & Main
Torrey PointLloyd District Portfolio
Solana Crossing (formerly Solana Beach Corporate Centre)City Center Bellevue
The Landmark at One Market

Multifamily
Loma PalisadesHassalo on Eighth - Multifamily
Imperial Beach Gardens
Mariner's Point
Santa Fe Park RV Resort
Pacific Ridge Apartments

Mixed-Use
Waikiki Beach Walk Retail and Embassy Suites™ Hotel
Held for Development and Construction in Progress
La Jolla Commons - Land
Solana Crossing – Land
Lloyd District Portfolio – Construction in Progress
A summary of our real estate investments is as follows (in thousands):
RetailOfficeMultifamilyMixed-UseTotal
December 31, 2020
Land$254,016 $225,238 $72,668 $76,635 $628,557 
Buildings526,522 1,137,711 392,224 128,477 2,184,934 
Land improvements47,425 11,672 7,346 2,606 69,049 
Tenant improvements88,326 186,423 — 1,890 276,639 
Furniture, fixtures, and equipment
1,069 3,236 16,480 15,651 36,436 
Construction in progress5,170 43,595 1,831 663 51,259 
(1)
922,528 1,607,875 490,549 225,922 3,246,874 
Accumulated depreciation(314,610)(290,768)(100,745)(48,017)(754,140)
Net real estate$607,918 $1,317,107 $389,804 $177,905 $2,492,734 
December 31, 2019
Land$254,016 $225,238 $72,668 $76,635 $628,557 
Buildings523,645 1,132,990 390,379 126,726 2,173,740 
Land improvements46,335 11,097 7,106 2,606 67,144 
Tenant improvements87,707 151,662 — 2,252 241,621 
Furniture, fixtures, and equipment
911 3,065 14,995 7,187 26,158 
Construction in progress6,487 35,397 2,212 7,381 51,477 
(1)
919,101 1,559,449 487,360 222,787 3,188,697 
Accumulated depreciation(294,189)(241,595)(86,208)(43,230)(665,222)
Net real estate$624,912 $1,317,854 $401,152 $179,557 $2,523,475 

(1) Land related to held for development and construction in progress is included in the Held for Development and Construction in Progress classifications on the consolidated balance sheets.
Schedule of Purchase Price Allocations
The financial information set forth below summarizes the company’s purchase price allocations for La Jolla Commons during the year ended December 31, 2019 (in thousands):
 
La Jolla Commons
Land$82,759 
Building361,471 
Land improvements1,359 
Furniture, fixtures, and equipment30,822 
Total real estate476,411 
Lease intangibles40,082 
Prepaid expenses and other assets13 
Assets acquired$516,506 
Accounts payable and accrued expenses$3,578 
Security deposits payable443 
Other liabilities and deferred credits3,817 
Liabilities assumed$7,838 
Schedule of Operating Results
The following table summarizes the operating results for the La Jolla Commons included in the company’s historical consolidated statement of comprehensive income and in the office segment for the period of acquisition through December 31, 2019 (in thousands):
June 20, 2019 through December 31, 2019
Revenues$20,579 
Operating expenses$18,140 
Operating income$2,439 
Net income attributable to American Assets Trust, Inc.$2,650 
Schedule of Pro Forma Financial Information The pro forma financial information set forth below is presented for informational purposes only and may not be indicative of what actual results of operations would have been had the transactions occurred at the beginning of 2018, nor does it purport to represent the results of future operations (in thousands). 
 Year Ended December 31, 2019Year Ended December 31, 2018
 As ReportedProFormaAs ReportedProForma
Total revenue$366,741 $383,125 $330,867 $365,326 
Total operating expenses$253,056 $264,107 $251,332 $281,253 
Operating income$113,685 $119,018 $79,535 $84,073 
Net income$60,188 $64,278 $27,202 $30,662