REAL ESTATE AND TANGIBLE WATER ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2016

Real Estate [Abstract]

Components of Real Estate and Water Assets

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

	December 31,
	2016		2015
Real estate and improvements held and used, net of accumulated amortization of $12,003 at December 31, 2016 and $11,778 at December 31, 2015	$	9,469	$	9,694
Residential real estate and home construction inventories	373,724		362,056
Other real estate inventories completed or under development	5,207		9,971
Tangible water assets	42,498		42,514
Total real estate and tangible water assets, net	$	430,898	$	424,235