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Real Estate, Net (Tables)
9 Months Ended
Sep. 30, 2019
Real Estate, Net  
Schedule of Real Estate Properties

As of September 30, 2019 and December 31, 2018, real estate, net, includes the following (in thousands):

 

 

 

 

 

 

 

 

 

    

September 30, 

    

December 31, 

 

 

2019

 

2018

Real estate under development

 

$

204,988

 

$

137,666

Building and building improvements

 

 

47,187

 

 

47,190

Tenant improvements

 

 

1,653

 

 

731

Furniture and fixtures

 

 

694

 

 

694

Land and land improvements

 

 

30,391

 

 

30,391

 

 

 

284,913

 

 

216,672

Less: accumulated depreciation

 

 

4,940

 

 

3,608

 

 

$

279,973

 

$

213,064