Real Estate, Net (Tables)

9 Months Ended

Sep. 30, 2020

Real Estate, Net

Schedule of Real Estate Properties

As of September 30, 2020 and December 31, 2019, real estate, net, includes the following (in thousands):

	September 30,		December 31,
	2020		2019
	(unaudited)		(audited)
Real estate under development	$	197,525	$	225,673
Building and building improvements		41,358		41,358
Tenant improvements		127		125
Furniture and fixtures		720		708
Land and land improvements		27,939		27,939
		267,669		295,803
Less: accumulated depreciation		3,786		2,577
	$	263,883	$	293,226