Quarterly report pursuant to Section 13 or 15(d)

Real Estate Activity (Tables)

v3.8.0.1
Real Estate Activity (Tables)
3 Months Ended
Mar. 31, 2018
Real Estate [Abstract]  
Schedule of Real Estate Properties
Real estate acquired included the following activity for the three months ended March 31, 2018 and 2017 (in thousands, except number of acres):

 
 
Three Months Ended
March 31, 2018
 
Three Months Ended
March 31, 2017
 
 
Acres
 
Book Value
 
Acres
 
Book Value
Balance at January 1,
 
10,064.78

 
$
1,115

 
10,064.78

 
$
1,115

Additions
 
640.60

 
751

 

 

Sales
 

 

 

 

Balance at March 31,
 
10,705.38

 
$
1,866

 
10,064.78

 
$
1,115

 
 
 
 
 
 
 
 
 
During the three months ended March 31, 2018, we completed the following sales of land parcels (in thousands, except number of acres):
Date of sale
 
Location
 
Approximate number of acres sold
 
Contract sale price
February 2018
 
Loving County
 
40.0
 
$
1,150

March 2018
 
Culberson County
 
80.0
 
1,600

Total sales in 2018
 
 
 
120.0
 
$
2,750