Investments in Real Estate, net

3 Months Ended

Mar. 31, 2014

Real Estate Investments, Net [Abstract]

Investments in Real Estate, net

Investments in Real Estate, net

Our investments in real estate, net, at March 31, 2014 (unaudited), and at December 31, 2013, are summarized as follows (in thousands):

	March 31, 2014			December 31, 2013
Land and land improvements	$	38,871		$	38,871
Building and building improvements	198,540			198,288
Tenant improvements	32,379			31,980
Construction in progress	1,316			832
Furniture, fixtures and equipment	1,319			1,318
Investments in real estate	272,425			271,289
Less:  accumulated depreciation	(59,704		)	(57,481		)
Investments in real estate, net	$	212,721		$	213,808