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REAL ESTATE AND RELATED ASSETS (Tables)
12 Months Ended
Dec. 31, 2019
Property and Equipment

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

 

 

 

December 31,

 

 

 

2019

 

 

2018

 

Land and improvements

 

$

295,214

 

 

$

294,774

 

Buildings and improvements

 

 

3,411,583

 

 

 

3,490,725

 

Equipment and software

 

 

435,628

 

 

 

432,196

 

Office furniture and fixtures

 

 

38,278

 

 

 

34,968

 

Construction in progress

 

 

29,521

 

 

 

94,590

 

 

 

 

4,210,224

 

 

 

4,347,253

 

Less: Accumulated depreciation

 

 

(1,510,117

)

 

 

(1,516,664

)

 

 

$

2,700,107

 

 

$

2,830,589