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Rental Properties
 6 Months Ended
Jun. 30, 2019
Real Estate [Abstract]  
Rental Properties

The following table summarizes the carrying amounts of real estate investments as of June 30, 2019 and December 31, 2018 (in thousands):
 
June 30, 2019
 
December 31, 2018
Buildings and improvements
$
5,068,006

 
$
4,593,159

Furniture, fixtures & equipment
124,200

 
97,463

Land
1,334,805

 
1,190,568

Leasehold interests
26,041

 
26,041

 
6,553,052

 
5,907,231

Accumulated depreciation
(954,806
)
 
(883,174
)
Total
$
5,598,246

 
$
5,024,057

Depreciation expense on real estate investments was $79.2 million and $72.9 million for the six months ended June 30, 2019 and 2018, respectively.