6. Properties

Our properties include the Medical Office Portfolio, Woodstar Portfolio, REO Portfolio and Ireland Portfolio as discussed in Note 3. The table below summarizes our properties held as of March 31, 2017 and December 31, 2016 (dollars in thousands):


	Depreciable Life	March 31, 2017		December 31, 2016
Property Segment
Land and land improvements	0 – 12 years	$	387,863	$	385,860
Buildings and building improvements	5 – 40 years		1,295,175		1,291,531
Furniture & fixtures	3 – 7 years		23,677		23,035
Investing and Servicing Segment
Land and land improvements	0 – 15 years		87,245		89,425
Buildings and building improvements	3 – 40 years		199,513		195,178
Furniture & fixtures	3 – 5 years		1,303		1,256
Properties, cost			1,994,776		1,986,285
Less: accumulated depreciation			(56,808)		(41,565)
Properties, net		$	1,937,968	$	1,944,720

There were no properties sold during the three months ended March 31, 2017 and 2016.