Real Estate, Net (Tables)

3 Months Ended

Mar. 31, 2020

Real Estate, Net

Schedule of Real Estate Properties

As of March 31, 2020 and December 31, 2019, real estate, net, includes the following (in thousands):

	March 31,		December 31,
	2020		2019
	(unaudited)		(audited)
Real estate under development	$	241,175	$	225,673
Building and building improvements		41,358		41,358
Tenant improvements		125		125
Furniture and fixtures		711		708
Land and land improvements		27,939		27,939
		311,308		295,803
Less: accumulated depreciation		2,980		2,577
	$	308,328	$	293,226