PROPERTY AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

(8) PROPERTY AND EQUIPMENT, NET

The Company’s property and equipment, net, at June 30, 2022 and December 31, 2021 was comprised of the following (in thousands):

	June 30, 2022			December 31, 2021
Land	$	4,450		$	4,450
Buildings and building improvements		38,672			35,231
Tenant improvements		16,990			9,745
Furniture and fixtures		1,973			1,888
Machinery and equipment		9,466			7,221
Construction in progress		5,897			10,569
		77,448			69,104
Less: accumulated depreciation		(8,316	)		(6,954	)
Property and equipment, net	$	69,132		$	62,150

The amounts reported as construction in progress primarily relate to the development of facilities in Annapolis, MD, Beverly, MA and Milford, DE.