Rental Properties

3 Months Ended

Mar. 31, 2020

Real Estate [Abstract]

Rental Properties

The following table summarizes the carrying amounts of real estate investments as of March 31, 2020 and December 31, 2019 (in thousands):

	March 31, 2020			December 31, 2019
Buildings and improvements	$	4,761,319		$	4,747,101
Furniture, fixtures & equipment	123,229			123,239
Land	1,298,096			1,290,181
Leasehold interests	26,041			26,041
	6,208,685			6,186,562
Accumulated depreciation	(1,023,993		)	(989,254		)
Total	$	5,184,692		$	5,197,308

Depreciation expense on real estate investments from continuing operations was $40.8 million and $34.5 million for the three months ended March 31, 2020 and 2019, respectively.