XML 49 R17.htm IDEA: XBRL DOCUMENT v3.6.0.2
Partnership Interest
12 Months Ended
Dec. 31, 2016
Noncontrolling Interest [Abstract]  
Partnership Interest
Partnership Interest
In September 1999, SJW Land Company formed 444 West Santa Clara Street, L.P., a limited partnership, with a real estate development firm whereby SJW Land Company contributed real property in exchange for a 70% limited partnership interest. A commercial building was constructed on the partnership property and is leased to an unrelated international real estate firm under a long-term lease expiring in August 2019. On January 10, 2017, 444 West Santa Clara Street, L.P. entered a purchase and sale agreement for the sale of all of its interests in the commercial building and land the partnership owns and operates for a purchase price of $11,000. The Company anticipates the sale to close in the first quarter of 2017.
The consolidated financial statements of SJW Group at December 31, 2016 and 2015 include the operating results of 444 West Santa Clara Street, L.P. Intercompany balances and transactions have been eliminated. Results of operations and balances of the non-controlling interest are not material to the consolidated financial statements.