Real Estate, Net (Tables)

3 Months Ended

Mar. 31, 2021

Real Estate, Net

Schedule of Real Estate Properties

As of March 31, 2021 and December 31, 2020, real estate, net, includes the following (in thousands):

	March 31,		December 31,
	2021		2020
Real estate under development	$	223,670	$	213,178
Building and building improvements		41,358		41,358
Tenant improvements		189		189
Furniture and fixtures		734		731
Land and land improvements		27,939		27,939
		293,890		283,395
Less: accumulated depreciation		4,596		4,191
	$	289,294	$	279,204