7. Inventory

Inventory consisted of the following (in thousands):


		June 30,	December 31,
		2016	2015
Completed VOI units	$	164,988	166,781
Construction-in-progress		-	10,455
Real estate held for future development		94,186	90,400
Other		765	718
Purchase accounting adjustment		(43,386)	(47,425)
Total Inventory	$	216,553	220,929

Inventory is primarily comprised of Bluegreen’s completed VOIs, VOIs under construction and land held by Bluegreen for future vacation ownership development. Bluegreen reviews real estate held for future vacation ownership development for impairment under applicable accounting guidelines, which require that such properties be reviewed for impairment when events or changes in circumstances indicate that the carrying amount of the assets might not be recoverable. No impairment charges were recorded with respect to Bluegreen’s inventory during the three or six months ended June 30, 2016 or 2015.

Interest capitalized to VOI inventory during the three and six months ended June 30, 2016 and 2015 was insignificant. The interest expense reflected in the Company’s consolidated statements of operations is net of capitalized interest.

In addition, included in “other assets” in the Company’s condensed consolidated statements of financial condition as of June 30, 2016 and December 31, 2015 was $15.5 million and $16.3 million, respectively, of inventory held at Renin Holdings, LLC (“Renin”) and BBX Sweet Holdings, LLC (“BBX Sweet Holdings”), subsidiaries of BBX Capital.