Investment in Real Estate (Tables)

9 Months Ended

Sep. 30, 2013

Real Estate [Abstract]

Real Estate by Property Type and Segment

Real estate by property type and segment includes the following:

	September 30, 2013		December 31, 2012
Operating property:
Residential real estate	$	2,793	$	2,792
Resorts, leisure and leasing operations	154,361		152,906
Forestry	56,218		54,984
Rural land	139		139
Other	45		179
Total operating property	213,556		211,000
Development property:
Residential real estate	133,026		133,835
Commercial real estate	58,014		59,851
Resorts, leisure and leasing operations	16,178		351
Rural land	5,767		5,768
Corporate	2,314		2,268
Total development property	215,299		202,073
Investment property:
Commercial real estate	700		700
Resorts, leisure and leasing operations	255		255
Forestry	953		953
Other	3,208		3,216
Total investment property	5,116		5,124
Investment in unconsolidated affiliates(1)	2,183		2,222
Total real estate investments	436,154		420,419
Less: Accumulated depreciation	53,375		49,772
Investment in real estate, net	$	382,779	$	370,647
(1)   Recorded in the Company’s resorts, leisure and leasing operation's segment.