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Property And Equipment
3 Months Ended
Mar. 31, 2023
Property And Equipment [Abstract]  
Property And Equipment Note 5. Property and equipment

The components of property and equipment, net, as of March 31, 2023 and December 31, 2022 were as follows (in thousands):

March 31,
2023

December 31,
2022

Land

$

3,734 

$

3,734 

Buildings

15,980 

15,980 

Site improvements

470 

470 

Tenant improvements

3,016 

3,016 

Furniture and equipment

868 

851 

Construction in progress

13 

13 

Gross property and equipment

$

24,081 

$

24,064 

Accumulated depreciation

(1,472)

(1,200)

Property and equipment, net

$

22,609 

$

22,864 

Depreciation expense for property and equipment was $272,000 and $178,000 for the three months ended March 31, 2023 and 2022, respectively.