REAL ESTATE

3 Months Ended

Mar. 31, 2023

Real Estate [Abstract]

REAL ESTATE

REAL ESTATE

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

($ in thousands)	March 31, 2023		December 31, 2022
Real estate development
Mountain Village	$	153,686	$	153,156
Centennial	116,071		115,221
Grapevine	39,652		39,273
Tejon Ranch Commerce Center	14,909		13,643
Real estate development	$	324,318	$	321,293
Real estate and improvements - held for lease
Tejon Ranch Commerce Center	$	20,879	$	20,590
Less accumulated depreciation	(3,737)		(3,650)
Real estate and improvements - held for lease, net	$	17,142	$	16,940