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Investments in Real Estate (Tables)
3 Months Ended
Mar. 31, 2024
Real Estate Investments, Net [Abstract]  
Summary of Investments in Real Estate, Net

Investments in real estate, net consisted of the following ($ in thousands):

 

March 31, 2024

 

 

December 31, 2023

 

Building and building improvements

 

$

132,792

 

 

$

132,792

 

Land and land improvements

 

 

22,707

 

 

 

22,707

 

Tenant improvements

 

 

621

 

 

 

621

 

Total

 

 

156,120

 

 

 

156,120

 

Accumulated depreciation

 

 

(2,506

)

 

 

(1,607

)

Investment in real estate, net

 

$

153,614

 

 

$

154,513