REAL ESTATE (Tables)

12 Months Ended

Dec. 31, 2019

Real Estate [Abstract]

Schedule of the real estate owned

At December 31, 2019 and 2018, TCI’s real estate investment is comprised of the following (dollars in thousands):

	December 31,
	2019			2018
Apartments	$	156,173		$	126,274
Apartments under construction		22,363			27,261
Commercial properties		229,424			224,167
Land held for development		62,037			84,016
Real estate subject to sales contract		7,966			2,014
Total real estate, at cost, less impairment	$	477,963		$	463,732
Less accumulated deprecation		(90,173	)		(79,228	)
Total real estate, net of depreciation	$	387,790		$	384,504

Schedule of estimated useful lives of the assets

Depreciation is computed on a straight line basis over the estimated useful lives of the assets as follows:

Land improvements	25 to 40 years
Buildings and improvements	10 to 40 years
Tenant improvements	Shorter of useful life or terms of related lease
Furniture, fixtures and equipment	3 to 7 years