INVENTORY (Tables)

6 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

Schedule of Inventory

As of June 30, 2024 and December 31, 2023, our inventory consisted entirely of finished goods, as follows:

	June 30, 2024	December 31, 2023
Finished goods inventory
Real estate inventory (a)	$18,237	$26,338
Log inventory	5,467	4,490
Carbon unit inventory (b)	183	189
Total inventory	$23,887	$31,017

(a)Represents the cost of HBU real estate (including capitalized development investments) under contract to be sold as well as the cost of HBU real estate deferred until post-closing obligations are satisfied. See Note 12 — Higher And Better Use Timberlands and Real Estate Development Investments for additional information.

(b)Represents the basis in New Zealand carbon units intended to be sold in the next 12 months.