Real Estate Investments

6 Months Ended

Jun. 30, 2019

Real Estate Investments, Net [Abstract]

Real Estate Investments

The major components of real estate investments as of June 30, 2019, and December 31, 2018, are as follows:



	June 30, 2019		December 31, 2018
Land	$	13,262	13,262
Buildings and improvements	43,211		43,074
Subtotal	56,473		56,336
Less: accumulated depreciation and amortization	12,925		12,327
Total	$	43,548	44,009

Depreciation and amortization is computed using the straight-line method over the estimated useful lives of the assets, ranging from 7 to 39 years. Substantially all of the real estate investments relate to assets that are currently subject to operating leases.

On April 6, 2017, 444 West Santa Clara Street, L.P. sold all of its interest in the commercial building and land the partnership owned and operated. In connection with this sale, the partnership was required to deposit $750 into an escrow account for estimated repairs to the creek next to the land the partnership sold. On April 22, 2019, all creek repairs were completed and a reimbursement of $745 was provided to the partnership. SJW Land Company holds a 70% limited interest in 444 West Santa Clara Street, L.P. SJW Land Company and the noncontrolling interest recognized a pre-tax gain on the creek reimbursement of $521 and $224, respectively, on the transaction.