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Property And Equipment
9 Months Ended
Sep. 30, 2022
Property And Equipment [Abstract]  
Property And Equipment Note 5. Property and equipment

The components of property and equipment, net, as of September 30, 2022 and December 31, 2021 were as follows (in thousands):

September 30,

2022

December 31,
2021

Land

$

3,734 

$

3,734 

Buildings

15,980 

15,980 

Site improvements

470 

470 

Tenant improvements

3,008

567 

Furniture and equipment

851

178 

Construction in progress

16

83 

Gross property and equipment

$

24,059

$

21,012 

Accumulated depreciation

(929)

(396)

Property and equipment, net

$

23,130

$

20,616 

Depreciation expense for property and equipment was $181,000 and $121,000 for the three months ended September 30, 2022 and 2021, respectively. Depreciation expense for property and equipment was $533,000 and $131,000 for the nine months ended September 30, 2022 and 2021, respectively.