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REAL ESTATE, NET (Tables)
10 Months Ended
Dec. 31, 2015
Real Estate [Abstract]  
Schedule of Real Estate Properties
As of December 31, 2015 and February 28, 2015, real estate, net consists of the following (dollars in thousands):
 
 
 
December 31, 2015
 
February 28, 2015
 
 
 
 
 
 
 
 
 
Real estate under development
 
$
37,856
 
$
26,906
 
Buildings and building improvements
 
 
3,868
 
 
3,580
 
Tenant improvments
 
 
400
 
 
-
 
Land
 
 
2,452
 
 
2,452
 
 
 
 
44,576
 
 
32,938
 
Less: accumulated depreciation
 
 
1,938
 
 
1,817
 
 
 
$
42,638
 
$
31,121