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Real Estate (Tables)
 12 Months Ended
Dec. 31, 2012
Real Estate
Real estate consists of:
 
At Year-End
 
2012
 
2011
 
(In thousands)
Entitled, developed and under development projects
$
361,827

 
$
383,026

Undeveloped land (includes land in entitlement)
82,688

 
80,076

Income producing properties
 
 
 
Carrying value
100,855

 
129,220

Accumulated depreciation
(28,220
)
 
(26,955
)
Net carrying value
72,635

 
102,265

 
$
517,150

 
$
565,367