Investment in Real Estate (Tables)

9 Months Ended

Sep. 30, 2012

Real Estate by Property Type and Segment

Real estate by property type and segment includes the following:

	September 30, 2012			December 31, 2011
Operating property:
Residential real estate	$	136,144		$	136,563
Commercial		14,684			4,691
Rural land sales		139			139
Forestry		53,731			58,087
Other		410			410
Total operating property		205,108			199,890
Development property:
Residential real estate		147,619			157,245
Commercial		52,617			57,600
Rural land sales		8,025			9,573
Total development property		208,261			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		2,219			2,259
Total real estate investments		420,712			431,691
Less: accumulated depreciation		(47,923	)		(44,489	)
Investments in real estate	$	372,789		$	387,202