Real Estate Investments

6 Months Ended

Jun. 30, 2014

Real Estate Investments, Net [Abstract]

Real Estate Investments

The major components of real estate investments as of June 30, 2014 and December 31, 2013 are as follows:



	June 30, 2014		December 31, 2013
Land	$	17,297	18,892
Buildings and improvements	56,168		59,256
Intangibles	329		329
Subtotal	73,794		78,477
Less: accumulated depreciation and amortization	10,807		10,658
Total	$	62,987	67,819

Depreciation and amortization is computed using the straight-line method over the estimated life of the respective assets, ranging from 5 to 39 years.

On June 30, 2014, SJW Land Company sold its retail building located in El Paso, Texas for $4,450. SJW Corp. recognized a pre-tax gain on the sale of real estate investment of $273, after selling expenses of $169.

On February 1, 2013, SJW Land Company sold its warehouse building located in Windsor, Connecticut for $9,200. The Company recognized a pre-tax gain on the sale of real estate investment of $1,063, after selling expenses of $369.