Mortgage and Other Loans (Tables)

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Schedule of Mortgage and Other Loans, net of discount or premium

The following table sets forth a summary of our mortgage and other loans, net of discount, at March 31, 2014 (unaudited), and at December 31, 2013 (in thousands). The interest rate of each loan is fixed unless otherwise indicated in the footnotes to the table:

	Outstanding Principal Balance, Net at
Property	March 31, 2014		December 31, 2013		Interest Rate		Maturity Date
Clifford Center(1)	$	2,054	$	2,149	4.375	%	8/15/2014
Clifford Center Land	4,622		4,653		4.00	%	2/17/2017
Pan Am Building	59,987		59,986		6.17	%	8/11/2016
Waterfront Plaza	100,000		100,000		6.37	%	9/11/2016
Waterfront Plaza	11,000		11,000		6.37	%	9/11/2016
Davies Pacific Center	94,646		94,612		5.86	%	11/11/2016
Subtotal	272,309		272,400
Revolving line of credit(2)	25,000		25,000		1.10	%	12/31/2015
Total mortgage and other loans, net	$	297,309	$	297,400

(1) The interest rate is a fluctuating annual rate equal to the lender’s prime rate.

(2) The revolving line of credit matures on December 31, 2015.  Amounts borrowed under the revolving line of credit bear interest at a fluctuating annual rate equal to the effective rate of interest paid by the lender on time certificates of deposit, plus 1.00%.  See “Revolving Line of Credit” below.

Schedule of Existing and Scheduled Maturities of Mortgage and Other Loans

The existing and scheduled maturities for our mortgages and other loans for the periods succeeding March 31, 2014 are as follows (in thousands and includes scheduled principal paydowns):

2014	2,147
2015	25,130
2016	266,135
2017	4,264
Total mortgage and other loans(1)	$	297,676

(1) This balance is the gross amount and does not include the discount of $0.4 million which is included in the outstanding balance of $297.3 million as shown in “Mortgage and other loans, net,” in the accompanying consolidated balance sheet.