REAL ESTATE (Tables)

6 Months Ended

Jun. 30, 2022

Real Estate [Abstract]

Schedule of Real Estate

Our accumulated real estate development costs by project consisted of the following:

($ in thousands)	June 30, 2022		December 31, 2021
Real estate development
Mountain Village	$	152,025	$	150,668
Centennial	113,627		112,063
Grapevine	38,472		37,922
Tejon Ranch Commerce Center	22,711		18,377
Real estate development	$	326,835	$	319,030
Real estate and improvements - held for lease
Tejon Ranch Commerce Center	$	20,589	$	20,595
Less accumulated depreciation	(3,472)		(3,294)
Real estate and improvements - held for lease, net	$	17,117	$	17,301