REAL ESTATE, NET (Tables)

12 Months Ended

Dec. 31, 2021

REAL ESTATE, NET

Schedule of Real Estate Properties

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

	December 31,		December 31,
	2021		2020
	As Restated (a)		As Restated (a)
Building and building improvements		51,141		51,141
Tenant improvements		200		189
Furniture and fixtures		775		731
Land and land improvements		28,847		28,847
		80,963		80,908
Less: accumulated depreciation		13,629		10,868
	$	67,334	$	70,040
(a) Amounts are restated. See Note 3 for more information.

Schedule of estimated annual amortization of intangible assets

As of December 31, 2021, the estimated annual amortization of intangible assets for each of the five succeeding years and thereafter is as follows (dollars in thousands):

	Real Estate
	Tax
	Abatement
Year	Amortization
2022	$	740
2023		740
2024		740
2025		740
2026		740
Thereafter		4,732