Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2021

Accounting Policies [Abstract]

Schedule of Investments in Real Estate Useful Lives

Our investments in real estate are stated at cost and are generally depreciated on a straight-line basis over the estimated useful lives of the assets as follows:

Description	Depreciable Life
Building	30 - 40 years
Building and land improvements	1 - 10 years
Furniture, fixtures and equipment	1 - 7 years
Lease intangibles and leasehold improvements	Over lease term

Investments in real estate, net consist of:

$ in thousands	June 30, 2021		December 31, 2020
Building and improvements	$	98,396	$	44,317
Land and land improvements	24,859		16,483
Furniture, fixtures and equipment	796		—
Total	124,051		60,800
Accumulated depreciation	(1,446)		(27)
Investments in real estate, net	$	122,605	$	60,773