Investment Properties

12 Months Ended

Dec. 31, 2016

Investment Properties

Investment Properties

6. Investment Properties

Investment properties consist of the following as of December 31:

	2016		2015
Land	$	3,568,935	$	3,417,716
Buildings and improvements		31,329,007		29,715,169
Total land, buildings and improvements		34,897,942		33,132,885
Furniture, fixtures and equipment		328,147		330,239
Investment properties at cost		35,226,089		33,463,124
Less — accumulated depreciation		10,865,754		9,915,386
Investment properties at cost, net	$	24,360,335	$	23,547,738
Construction in progress included above	$	506,211	$	663,271