Real Estate Investments

6 Months Ended

Jun. 30, 2013

Real Estate Investments, Net [Abstract]

Real Estate Investments

The major components of real estate investments as of June 30, 2013 and December 31, 2012 are as follows:



	June 30, 2013		December 31, 2012
Land	$	18,892	18,892
Buildings and improvements	59,047		55,011
Intangibles	329		329
Subtotal	78,268		74,232
Less: accumulated depreciation and amortization	9,839		9,045
Total	$	68,429	65,187

Depreciation and amortization is computed using the straight-line method over the estimated service life of the respective assets, ranging from 5 to 39 years.

On February 1, 2013, SJW Land Company sold its warehouse building located in Windsor, Connecticut for $9,200. The Company recognized a pre-tax gain on the sale of real estate investment of $1,063, after selling expenses of $369. The warehouse building was recorded in long-lived assets held-for-sale on the Company’s Consolidated Balance Sheet as of December 31, 2012.