Properties (Tables)

9 Months Ended

Sep. 30, 2017

Properties

Summary of properties

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