Real Estate Investments

9 Months Ended

Sep. 30, 2015

Real Estate Investments, Net [Abstract]

Real Estate Investments

The major components of real estate investments as of September 30, 2015 and December 31, 2014 are as follows:



	September 30, 2015		December 31, 2014
Land	$	17,297	17,297
Buildings and improvements	56,920		56,168
Intangibles	329		329
Subtotal	74,546		73,794
Less: accumulated depreciation and amortization	12,763		11,593
Total	$	61,783	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 August 14, 2015, San Jose Water Company sold five nonutility properties located in San Jose, California for $2,015. SJW Corp. recognized a pre-tax gain on the sale of real estate investments of $1,886, after selling expenses of $91.

On August 1, 2014, San Jose Water Company sold a nonutility property located in San Jose, California for $300. SJW Corp. recognized a pre-tax gain on the sale of real estate investment of $281, after selling expenses of $10.

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.