Properties (Tables)

12 Months Ended

Dec. 31, 2016

The table below summarizes our properties held as of December 31, 2016 and December 31, 2015 (dollars in thousands):


		December 31,
	Depreciable Life	2016		2015
Property Segment
Land and land improvements	0 – 12 years	$	385,860	$	247,589
Buildings and building improvements	5 – 40 years		1,291,531		516,117
Furniture & fixtures	3 – 7 years		23,035		11,980
Investing and Servicing Segment
Land and land improvements	0 – 15 years		89,425		39,103
Buildings and building improvements	3 – 40 years		195,178		112,524
Furniture & fixtures	3 – 5 years		1,256		747
Properties, cost			1,986,285		928,060
Less: accumulated depreciation			(41,565)		(8,835)
Properties, net		$	1,944,720	$	919,225

Summary of future rental payments due from tenants under existing non-cancellable operating leases

Future rental payments due to us from tenants under existing non-cancellable operating leases for each of the next five years and thereafter are as follows (in thousands):


2017	$	133,062
2018		91,625
2019		82,485
2020		75,717
2021		69,860
Thereafter		418,144
Total	$	870,893