REAL ESTATE (Tables)

9 Months Ended

Sep. 30, 2024

Real Estate [Abstract]

Schedule of Real Estate

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

($ in thousands)	September 30, 2024		December 31, 2023
Real estate development
Mountain Village	$	157,480	$	155,168
Centennial	123,302		119,788
Grapevine	42,057		40,716
Tejon Ranch Commerce Center	51,502		21,585
Real estate development	$	374,341	$	337,257
Real estate and improvements - held for lease
Tejon Ranch Commerce Center	$	20,596	$	20,606
Less accumulated depreciation	(4,256)		(3,997)
Real estate and improvements - held for lease, net	$	16,340	$	16,609