REAL ESTATE INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2016

REAL ESTATE INVESTMENTS

Summary of Real Estate Investments

As of December 31, 2016	Residential		Commercial		Total
	(in thousands)
Land and land improvements	$	67,384	$	37,769	$	105,153
Building and improvements		419,120		161,724		580,844
Furniture, fixtures and equipment		24,852		1,466		26,318
Construction in progress		2,985		—		2,985
		514,341		200,959		715,300
Less accumulated depreciation		(63,148)		(29,177)		(92,325)
	$	451,193	$	171,782	$	622,975

As of December 31, 2015	Residential		Commercial		Total
	(in thousands)
Land and land improvements	$	63,605	$	35,631	$	99,236
Building and improvements		384,308		160,225		544,533
Furniture, fixtures and equipment		23,744		1,499		25,243
Construction in progress		472		—		472
		472,129		197,355		669,484
Less accumulated depreciation		(50,668)		(24,307)		(74,975)
	$	421,461	$	173,048	$	594,509