Real Estate, Net

6 Months Ended

Aug. 29, 2015

Real Estate [Abstract]

Real Estate, Net

Note 3 – Real Estate, Net

As of August 29, 2015 and February 28, 2015, real estate, net consists of the following (in thousands):

	August 29, 2015		February 28, 2015
	(unaudited)		(audited)
Real estate under development	$	32,517	$	26,906
Buildings and building improvements		3,594		3,580
Land		2,452		2,452
		38,563		32,938
Less: accumulated depreciation		1,885		1,817
	$	36,678	$	31,121

Real estate under development consists of the Trinity Place Property, the Paramus, New Jersey and Westbury, New York properties. Buildings and building improvements and land consist of the West Palm Beach, Florida property.