REAL ESTATE AND RELATED ASSETS (Tables)

12 Months Ended

Dec. 31, 2018

Property and equipment, at cost, consists of the following (in thousands):

	December 31,
	2018			2017
Land and improvements	$	294,774		$	258,244
Buildings and improvements		3,490,725			3,219,422
Equipment and software		432,196			399,630
Office furniture and fixtures		34,968			34,510
Construction in progress		94,590			28,104
		4,347,253			3,939,910
Less: Accumulated depreciation		(1,516,664	)		(1,393,066	)
	$	2,830,589		$	2,546,844

Schedule of Future Minimum Lease Payments

Future minimum lease payments as of December 31, 2018 under operating leases, inclusive of $138.6 million of payments expected to be made under the cancelable lease at the South Texas facility, are as follows (in thousands):

2019	$	53,779
2020		54,543
2021		40,982
2022		3,289
2023		2,426
Thereafter		21,510