REAL ESTATE (Tables)

12 Months Ended

Dec. 31, 2025

Real Estate [Abstract]

Schedule of Real Estate

Real estate consisted of the following as of December 31:

($ in thousands)	2025		2024
Real estate development
Mountain Village	$	161,388	$	158,348
Centennial	128,549		124,136
Grapevine	45,801		42,456
Tejon Ranch Commerce Center
- Commercial	20,829		23,724
- Multifamily	—		29,241
Total Tejon Ranch Commerce Center	20,829		52,965
Real estate development	$	356,567	$	377,905
Real estate and improvements - held for lease, net
Tejon Ranch Commerce Center
- Commercial	$	20,644	$	20,596
- Multifamily	64,170		—
Real estate and improvements - held for lease, gross	84,814		20,596
Less accumulated depreciation
- Commercial	(4,677)		(4,343)
- Multifamily	(960)		—
Real estate and improvements - held for lease, net	$	79,177	$	16,253