Real Estate, Net (Tables)

6 Months Ended

Jun. 30, 2021

Real Estate, Net

Schedule of Real Estate Properties

As of June 30, 2021 and December 31, 2020, real estate, net, includes the following (in thousands):

	June 30,		December 31,
	2021		2020
	(unaudited)		(audited)
Real estate under development	$	234,595	$	213,178
Building and building improvements		41,358		41,358
Tenant improvements		189		189
Furniture and fixtures		734		731
Land and land improvements		27,939		27,939
		304,815		283,395
Less: accumulated depreciation		5,001		4,191
	$	299,814	$	279,204