Real Estate (Tables)

3 Months Ended

Mar. 31, 2020

Real Estate [Abstract]

Schedule of Real Estate Assets

The Company’s real estate assets consisted of the following, in thousands:

	March 31, 2020		December 31, 2019
Land	$	145,050	$	145,050
Buildings and improvements	351,661		348,729
In-place lease value intangible	100,790		100,790
	597,501		594,569
Less: accumulated depreciation and amortization	(124,634)		(117,652)
Total real estate assets	$	472,867	$	476,917

Schedule of Intangible Assets Acquired

The amount of total in-place lease intangible asset and the respective accumulated amortization are as follows, in thousands:

	March 31, 2020		December 31, 2019
In-place lease value intangible	$	100,790	$	100,790
In-place leases – accumulated amortization	(71,549)		(68,884)
Acquired lease intangible assets, net	$	29,241	$	31,906