Investment in Real Estate (Tables)

3 Months Ended

Mar. 31, 2013

Real Estate by Property Type and Segment

Real estate by property type and segment includes the following:

	March 31, 2013		December 31, 2012
Operating property:
Residential real estate	$	2,786	$	2,792
Resorts, leisure and leasing operations		153,048		152,906
Forestry		55,334		54,984
Rural land		139		139
Other		45		179
Total operating property		211,352		211,000
Development property:
Residential real estate		133,000		133,835
Commercial real estate		57,018		59,851
Resorts, leisure and leasing operations		5,129		351
Rural land		5,768		5,768
Corporate		2,280		2,268
Total development property		203,195		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)		2,210		2,222
Total real estate investments		421,873		420,419
Less: Accumulated depreciation		50,938		49,772
Investment in real estate	$	370,935	$	370,647

⁽¹⁾ Recorded in the Company’s resorts, leisure and leasing operation’s segment.