XML 59 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
INVESTMENTS IN REAL ESTATE
 3 Months Ended
Mar. 31, 2014
INVESTMENTS IN REAL ESTATE  
INVESTMENTS IN REAL ESTATE

4. INVESTMENTS IN REAL ESTATE

        Investments in real estate consist of the following:

 
   March 31, 2014   December 31, 2013  
 
   (in thousands)
  

Land

   $ 331,060   $ 331,060  

Land improvements

     27,536     27,536  

Buildings and improvements

     1,456,079     1,454,854  

Furniture, fixtures, and equipment

     23,222     23,051  

Tenant improvements

     186,426     183,915  

Work in progress

     12,830     9,987  
           
​ ​ ​ ​ ​ ​ ​ ​

 

     2,037,153     2,030,403  

Accumulated depreciation

     (362,385 )   (348,238 )
           
​ ​ ​ ​ ​ ​ ​ ​

Net investments in real estate

   $ 1,674,768   $ 1,682,165  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​