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Real Estate, Net (Tables)
6 Months Ended
Jun. 30, 2016
Real Estate [Abstract]  
Schedule of Real Estate Properties
As of June 30, 2016 and December 31, 2015, real estate, net, includes the following (in thousands):
   
 
 
June 30,
2016
 
December 31,
2015
 
 
 
(unaudited)
 
(audited)
 
 
 
 
 
 
 
 
 
Real estate under development
 
$
47,763
 
$
37,856
 
Buildings and building improvements
 
 
5,755
 
 
3,868
 
Tenant improvments
 
 
400
 
 
400
 
Land
 
 
2,452
 
 
2,452
 
 
 
 
56,370
 
 
44,576
 
Less: accumulated depreciation
 
 
2,026
 
 
1,938
 
 
 
$
54,344
 
$
42,638