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Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Significant Accounting Policies  
Schedule of revenue disaggregated by segment, good or service and timing

The following represents revenue disaggregated by segment, good or service and timing:

Year Ended December 31, 2020

Residential

Hospitality

Commercial

Other

Total

Revenue by Major Good/Service:

Real estate revenue

$

74,137

$

$

11,689

$

1,801

$

87,627

Hospitality revenue

412

47,366

47,778

Leasing revenue

166

8

18,645

18,819

Timber revenue

6,331

6,331

Total revenue

$

74,715

$

47,374

$

36,665

$

1,801

$

160,555

Timing of Revenue Recognition:

Recognized at a point in time

$

74,549

$

36,262

$

18,020

$

1,801

$

130,632

Recognized over time

11,104

11,104

Over lease term

166

8

18,645

18,819

Total revenue

$

74,715

$

47,374

$

36,665

$

1,801

$

160,555

Year Ended December 31, 2019

Residential

Hospitality

Commercial

Other

Total

Revenue by Major Good/Service:

Real estate revenue

$

41,055

$

$

19,477

$

956

$

61,488

Hospitality revenue

496

45,616

46,112

Leasing revenue

35

104

15,442

15,581

Timber revenue

3,904

3,904

Total revenue

$

41,586

$

45,720

$

38,823

$

956

$

127,085

Timing of Revenue Recognition:

Recognized at a point in time

$

41,551

$

35,894

$

23,381

$

956

$

101,782

Recognized over time

9,722

9,722

Over lease term

35

104

15,442

15,581

Total revenue

$

41,586

$

45,720

$

38,823

$

956

$

127,085

Year Ended December 31, 2018

Residential

Hospitality

Commercial

Other

Total

Revenue by Major Good/Service:

Real estate revenue (a)

$

42,761

$

$

6,608

$

2,814

$

52,183

Hospitality revenue

397

38,339

38,736

Leasing revenue

1,237

12,490

13,727

Timber revenue

108

5,522

5,630

Total revenue

$

43,266

$

39,576

$

24,620

$

2,814

$

110,276

Timing of Revenue Recognition:

Recognized at a point in time

$

43,266

$

30,068

$

12,130

$

2,814

$

88,278

Recognized over time

8,271

8,271

Over lease term

1,237

12,490

13,727

Total revenue

$

43,266

$

39,576

$

24,620

$

2,814

$

110,276

(a)Residential real estate revenue includes revenue of $23.1 million in 2018 for a one-time receipt of RiverTown impact fees related to the 2014 RiverTown transaction. See Note 18. RiverTown Impact Fees.

Investment in real estate, net  
Significant Accounting Policies  
Schedule of estimated economic life

    

Estimated Useful

Life (in years)

Land

 

N/A

Land improvements

 

15 - 20

Buildings

 

20 - 40

Building improvements

 

5 - 25

Timber

 

N/A

Property and equipment, net  
Significant Accounting Policies  
Schedule of estimated economic life

    

Estimated Useful

Life (in years)

Railroad and equipment

 

15 - 30

Furniture and fixtures

 

5 - 10

Machinery and equipment

 

3 - 10

Office equipment

 

5 - 10

Autos, trucks and aircraft

 

5 - 10