Real Estate Investments

6 Months Ended

Jun. 30, 2017

Real Estate Investments, Net [Abstract]

Real Estate Investments

The major components of real estate investments as of June 30, 2017 and December 31, 2016 are as follows:



	June 30, 2017		December 31, 2016
Land	$	13,262	15,218
Buildings and improvements	42,964		46,826
Intangibles	—		149
Subtotal	56,226		62,193
Less: accumulated depreciation and amortization	10,545		11,734
Total	$	45,681	50,459

Depreciation and amortization is computed using the straight-line method over the estimated useful lives of the assets, ranging from 7 to 39 years.

On April 6, 2017, 444 West Santa Clara Street, L.P. sold all of its interests in the commercial building and land the partnership owned and operated for $11,000. 444 West Santa Clara Street, L.P. recognized a pre-tax gain on sale of real estate investments of $6,323, after selling expenses of $1,156. SJW Land Company holds a 70% limited interest in 444 West Santa Clara Street, L.P. SJW Land Company and the noncontrolling interest recognized a pre-tax gain on sale of real estate investments of $4,427 and $1,896, respectively, on the transaction. In addition, SJW Land Company sold undeveloped land located in San Jose, California for $1,350 on April 6, 2017. SJW Land Company recognized a pre-tax gain on sale of real estate investments of $580 on the transaction, after selling expenses of $14.