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Investments and Dispositions
6 Months Ended
Jun. 30, 2015
Investments [Abstract]  
Investments
Investments and Dispositions

The Company's investment spending during the six months ended June 30, 2015 totaled $334.7 million, and included investments in each of its four operating segments.

Entertainment investment spending during the six months ended June 30, 2015 totaled $53.0 million, and was related primarily to investments in build-to-suit construction of three megaplex theatres and development of two family entertainment centers, as well as the acquisition of two megaplex theatres located in Virginia and Florida, each of which is subject to a long-term triple net lease or long-term mortgage agreement.

Education investment spending during the six months ended June 30, 2015 totaled $149.3 million, and was related primarily to investments in build-to-suit construction of 20 public charter schools, four private schools and 20 early childhood education centers, each of which is subject to a long-term triple net lease or long-term mortgage agreement.
 
Recreation investment spending during the six months ended June 30, 2015 totaled $126.5 million, and was related primarily to build-to-suit construction of 13 Topgolf golf entertainment facilities and Camelback Mountain Resort, as well as the acquisition of one ski resort located in Wintergreen, Virginia, each of which is subject to a long-term triple net lease or a long-term mortgage agreement.

Other investment spending during the six months ended June 30, 2015 totaled $5.9 million, and was related to the Adelaar casino and resort project in Sullivan County, New York.

On January 27, 2015, the Company completed the sale of a theatre located in Los Angeles, California for net proceeds of $42.7 million and recognized a gain on sale of $23.7 million during the six months ended June 30, 2015. In addition, during the six months ended June 30, 2015, the Company sold a land parcel adjacent to one of our public charter school investments for net proceeds of $1.1 million and the Company recognized a gain of $0.2 million.