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Real Estate, Net (Tables)
3 Months Ended
Mar. 31, 2018
Real Estate [Abstract]  
Schedule of Real Estate Properties
As of March 31, 2018 and December 31, 2017, real estate, net, includes the following (in thousands):
 
 
 
March 31,
2018
 
December 31,
2017
 
 
 
 
 
 
 
 
 
Real estate under development
 
$
79,904
 
$
69,783
 
Building and building improvements
 
 
5,817
 
 
5,817
 
Tenant improvements
 
 
606
 
 
606
 
Land
 
 
2,452
 
 
2,452
 
 
 
 
88,779
 
 
78,658
 
Less: accumulated depreciation
 
 
2,451
 
 
2,389
 
 
 
$
86,328
 
$
76,269