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Investment In Real Estate
3 Months Ended
Mar. 31, 2012
Investment In Real Estate [Abstract]  
Investment In Real Estate

4. Investment in Real Estate

Real estate by segment includes the following:

 

     March 31, 2012      December 31, 2011  

Operating property:

     

Residential real estate

   $ 136,641       $ 136,563   

Commercial

     5,367         4,691   

Rural land sales

     139         139   

Forestry

     57,841         58,087   

Other

     410         410   
  

 

 

    

 

 

 

Total operating property

     200,398         199,890   
  

 

 

    

 

 

 

Development property:

     

Residential real estate

     158,671         157,245   

Commercial real estate

     57,683         57,600   

Rural land sales

     8,029         9,573   

Other

     —           —     
  

 

 

    

 

 

 

Total development property

     224,383         224,418   
  

 

 

    

 

 

 

Investment property:

     

Commercial real estate

     700         700   

Forestry

     953         953   

Other

     3,471         3,471   
  

 

 

    

 

 

 

Total investment property

     5,124         5,124   
  

 

 

    

 

 

 

Investment in unconsolidated affiliates:

     

Residential real estate

     2,248         2,259   
  

 

 

    

 

 

 

Total real estate investments

     432,153         431,691   
  

 

 

    

 

 

 

Less: Accumulated depreciation

     45,658         44,489   
  

 

 

    

 

 

 

Investment in real estate

   $ 386,495       $ 387,202   
  

 

 

    

 

 

 

 

Included in operating property are Company-owned amenities related to residential real estate, the Company's timberlands and land and buildings developed by the Company and used for commercial rental purposes. Development property consists of residential real estate land and inventory currently under development or available for sale. Investment property primarily includes the Company's land held for future use.