REAL ESTATE (Tables)

6 Months Ended

Jun. 30, 2023

Real Estate [Abstract]

Schedule of Real Estate

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

($ in thousands)	June 30, 2023		December 31, 2022
Real estate development
Mountain Village	$	154,105	$	153,156
Centennial	116,781		115,221
Grapevine	39,908		39,273
Tejon Ranch Commerce Center	16,727		13,643
Real estate development	$	327,521	$	321,293
Real estate and improvements - held for lease
Tejon Ranch Commerce Center	$	20,710	$	20,590
Less accumulated depreciation	(3,823)		(3,650)
Real estate and improvements - held for lease, net	$	16,887	$	16,940