REAL ESTATE (Tables)

9 Months Ended

Sep. 30, 2023

Real Estate [Abstract]

Schedule of Real Estate

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

($ in thousands)	September 30, 2023		December 31, 2022
Real estate development
Mountain Village	$	154,539	$	153,156
Centennial	117,518		115,221
Grapevine	40,302		39,273
Tejon Ranch Commerce Center	18,207		13,643
Real estate development	$	330,566	$	321,293
Real estate and improvements - held for lease
Tejon Ranch Commerce Center	$	20,690	$	20,590
Less accumulated depreciation	(3,910)		(3,650)
Real estate and improvements - held for lease, net	$	16,780	$	16,940