The accounting policies of the segments are set forth in Item 7 of the Company's Annual Report on Form 10-K for the year ended December 31, 2013. Total revenues represent sales to unaffiliated customers, as reported in the Company’s Condensed Consolidated Statements of Operations. All intercompany transactions have been eliminated. The caption entitled “Other” consists of non-allocated corporate general and administrative expenses, net of investment income.

Information by business segment is as follows:



	Three Months Ended March 31,
	2014			2013
Operating Revenues
Residential real estate	$	5,703		$	7,781
Commercial real estate	2,285			226
Resorts, leisure and leasing operations	8,201			9,022
Forestry	577,873			9,695
Other	24			49
Consolidated operating revenues	$	594,086		$	26,773

Income (loss) before equity in loss from unconsolidated affiliates and income taxes:
Residential real estate	$	357		$	295
Commercial real estate	801			(676		)
Resorts, leisure and leasing operations	(1,696		)	(945		)
Forestry	514,099			3,505
Other	(3,657		)	(4,647		)
Consolidated income (loss) before equity in loss from unconsolidated affiliates and income taxes	$	509,904		$	(2,468	)



	March 31, 2014		December 31, 2013
Total Assets:
Residential real estate	$	135,483	$	141,097
Commercial real estate	63,440		62,924
Resorts, leisure and leasing operations ^(a)	151,026		142,940
Forestry	16,131		60,889
Other	803,004		261,622
Total assets	$	1,169,084	$	669,472



(a)	Includes $2.4 million and $2.2 million of investment in equity method investees at March 31, 2014 and December 31, 2013, respectively.