REAL ESTATE (Tables)

3 Months Ended

Mar. 31, 2022

Real Estate [Abstract]

Schedule of Real Estate

Our accumulated real estate development costs by project consisted of the following:

($ in thousands)	March 31, 2022		December 31, 2021
Real estate development
Mountain Village	$	151,409	$	150,668
Centennial	113,014		112,063
Grapevine	38,149		37,922
Tejon Ranch Commerce Center	18,877		18,377
Real estate development	$	321,449	$	319,030
Real estate and improvements - held for lease
Tejon Ranch Commerce Center	$	20,590	$	20,595
Less accumulated depreciation	(3,383)		(3,294)
Real estate and improvements - held for lease, net	$	17,207	$	17,301