5. Leased Property

Leased property at June 30, 2018 and December 31, 2017 consists of the following (in thousands):


	June 30,		December 31,
	2018		2017
Leased property	$	112,015	$	98,877
Less: accumulated depreciation		(16,394)		(11,812)
Leased property, net	$	95,621	$	87,065

Depreciation expense related to leased property was $2.4 million and $1.7 million for the three months ended June 30, 2018 and 2017, respectively. Depreciation expense related to leased property was $4.6 million and $3.3 million for the six months ended June 30, 2018 and 2017, respectively.