XML 79 R10.htm IDEA: XBRL DOCUMENT v3.2.0.727
Rental Properties
 6 Months Ended
Jun. 30, 2015
Real Estate [Abstract]  
Rental Properties
Rental Properties

The following table summarizes the carrying amounts of rental properties as of June 30, 2015 and December 31, 2014 (in thousands):
 
June 30, 2015
 
December 31, 2014
Buildings and improvements
$
2,369,355

 
$
2,273,430

Furniture, fixtures & equipment
29,751

 
25,922

Land
630,035

 
617,842

 
3,029,141

 
2,917,194

Accumulated depreciation
(492,602
)
 
(465,660
)
Total
$
2,536,539

 
$
2,451,534

Depreciation expense on rental properties was $39.4 million and $29.7 million for the six months ended June 30, 2015 and 2014, respectively.