Investment in Real Estate (Tables)

12 Months Ended

Dec. 31, 2012

Real Estate by Property Type and Segment

Investment in real estate as of December 31, 2012 and 2011 consisted of the following:

	2012		2011
Operating property:
Residential real estate	$	2,792	$	3,274
Commercial real estate		—		4,691
Resorts, leisure and leasing operations		152,906		133,289
Rural land		139		139
Forestry		54,984		58,087
Other		179		410
Total operating property		211,000		199,890
Development property:
Residential real estate		133,835		150,175
Commercial real estate		59,851		63,469
Resorts, leisure and leasing operations		351		1,201
Rural land		5,768		7,410
Corporate		2,268		2,163
Total development property		202,073		224,418
Investment property:
Commercial real estate		700		700
Resorts, leisure and leasing operations		255		255
Forestry		953		953
Other		3,216		3,216
Total investment property		5,124		5,124
Investment in unconsolidated affiliates:
Resorts, leisure and leasing operations		2,222		2,259
Total real estate investments		420,419		431,691
Less: Accumulated depreciation		49,772		44,489
Investment in real estate	$	370,647	$	387,202