REAL ESTATE AND TANGIBLE WATER ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2015

Real Estate [Abstract]

Components of Real Estate and Water Assets

The cost assigned to the various components of real estate and tangible water assets were as follows (in thousands):

	December 31,
	2015		2014
Real estate and improvements held and used, net of accumulated amortization of $11,778 at December 31, 2015 and $10,899 at December 31, 2014	$	9,694	$	10,574
Residential real estate and home construction inventories	362,056		322,938
Other real estate inventories completed or under development	9,971		10,308
Tangible water assets	42,514		42,530
Total real estate and tangible water assets	$	424,235	$	386,350