6. Properties

Our properties include the Master Lease Portfolio, Medical Office Portfolio, Woodstar Portfolio, REIS Equity Portfolio and Ireland Portfolio as discussed in Note 3. The table below summarizes our properties held as of September 30, 2017 and December 31, 2016 (dollars in thousands):


	Depreciable Life	September 30, 2017		December 31, 2016
Property Segment
Land and land improvements	0 – 15 years	$	526,591	$	385,860
Buildings and building improvements	5 – 45 years		1,755,511		1,291,531
Furniture & fixtures	3 – 7 years		26,038		23,035
Investing and Servicing Segment
Land and land improvements	0 – 15 years		90,263		89,425
Buildings and building improvements	3 – 40 years		210,183		195,178
Furniture & fixtures	2 – 5 years		992		1,256
Properties, cost			2,609,578		1,986,285
Less: accumulated depreciation			(88,236)		(41,565)
Properties, net		$	2,521,342	$	1,944,720

During the three and nine months ended September 30, 2017, we sold two and five operating properties for $26.0 million and $44.6 million, respectively, which resulted in gains of $11.2 million and $16.4 million, respectively, recognized within gain on sale of investments and other assets in our condensed consolidated statement of operations. During both the three and nine months ended September 30, 2017, $2.4 million of such gains were attributable to non-controlling interests. There were no properties sold during the nine months ended September 30, 2016.