Real Estate and Tangible Water Assets, Net(Tables)

12 Months Ended

Dec. 31, 2014

Real Estate [Abstract]

Components of Real Estate and Water Assets

The cost assigned to the various components of real estate and tangible water assets is as follows (in thousands):

	December 31,
	2014		2013
Real estate and improvements held and used, net of accumulated amortization of $10.9 million in 2014 and $10 million in 2013	$	16,463	$	14,790
Residential real estate and home construction inventories	322,938		177,314
Other real estate inventories completed or under development	10,308		16,402
Tangible water assets	42,530		45,702
Total real estate and tangible water assets	$	392,239	$	254,208