Real Estate, Net (Tables)

3 Months Ended

Mar. 31, 2022

Real Estate, Net

Schedule of Real Estate Properties

As of March 31, 2022 and December 31, 2021, real estate, net, includes the following (dollars in thousands):

	March 31,		December 31,
	2022		2021
Real estate under development	$	222,595	$	222,394
Building and building improvements		51,141		51,141
Tenant improvements		221		200
Furniture and fixtures		818		775
Land and land improvements		28,847		28,847
		303,622		303,357
Less: accumulated depreciation		14,322		13,629
	$	289,300	$	289,728