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Real Estate Investments
6 Months Ended
Jun. 30, 2015
Real Estate Investments, Net [Abstract]  
REAL ESTATE INVESTMENTS
Real Estate Investments
The major components of real estate investments as of June 30, 2015 and December 31, 2014 are as follows: 
 
June 30,
2015
 
December 31,
2014
Land
$
17,297

 
17,297

Buildings and improvements
56,267

 
56,168

Intangibles
329

 
329

Subtotal
73,893

 
73,794

Less: accumulated depreciation and amortization
12,371

 
11,593

Total
$
61,522

 
62,201


Depreciation and amortization is computed using the straight-line method over the estimated life of the respective assets, ranging from 5 to 39 years.
On June 30, 2014, SJW Land Company sold its retail building located in El Paso, Texas for $4,450. SJW Corp. recognized a pre-tax gain on the sale of real estate investment of $273, after selling expenses of $169.