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Rental Properties
9 Months Ended
Sep. 30, 2020
Real Estate [Abstract]  
Rental Properties
The following table summarizes the carrying amounts of real estate investments as of September 30, 2020 and December 31, 2019 (in thousands):
September 30, 2020December 31, 2019
Buildings and improvements$4,705,575 $4,747,101 
Furniture, fixtures & equipment122,612 123,239 
Land1,285,621 1,290,181 
Leasehold interests26,050 26,041 
6,139,858 6,186,562 
Accumulated depreciation(1,072,201)(989,254)
Total$5,067,657 $5,197,308 
Depreciation expense on real estate investments from continuing operations was $122.1 million and $112.3 million for the nine months ended September 30, 2020 and 2019, respectively.