REAL ESTATE INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2018

REAL ESTATE INVESTMENTS

Summary of Real Estate Investments

As of March 31, 2018	Residential		Commercial		Total
	(in thousands)
Land and land improvements	$	73,741	$	37,841	$	111,582
Building and improvements		461,817		163,092		624,909
Furniture, fixtures and equipment		25,447		1,466		26,913
Construction in progress		3,166		—		3,166
		564,171		202,399		766,570
Less accumulated depreciation		(79,772)		(36,009)		(115,781)
	$	484,399	$	166,390	$	650,789

As of December 31, 2017	Residential		Commercial		Total
	(in thousands)
Land and land improvements	$	73,109	$	37,841	$	110,950
Building and improvements		457,443		163,087		620,530
Furniture, fixtures and equipment		25,381		1,466		26,847
Construction in progress		1,376		—		1,376
		557,309		202,394		759,703
Less accumulated depreciation		(76,404)		(34,622)		(111,026)
	$	480,905	$	167,772	$	648,677