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Real Estate Owned (Tables)
3 Months Ended
Mar. 31, 2020
Banking and Thrift [Abstract]  
Real Estate Owned
The following table summarizes the Company's real estate owned assets as of March 31, 2020 (dollars in thousands):
As of March 31, 2020
 
 
 
 
 
 
 
 
Acquisition Date
 
Property Type
 
Primary Location(s)
 
Land
 
Building and Improvements
 
Furniture, Fixtures and Equipment
 
Accumulated Depreciation
 
Real Estate Owned, net
August 2019 (1)(2)
 
Hotel
 
Chicago, IL
 
$
—

 
$
8,337

 
$
—

 
$
(139
)
 
$
8,198

October 2019 (1)
 
Office
 
Jeffersonville, IN
 
1,887

 
21,989

 
3,565

 
(333
)
 
27,108

March 2020 (1)(3)
 
Hotel
 
Knoxville, TN
 
3,800

 
7,838

 
2,362

 
—

 
14,000

 
 
 
 
 
 
$
5,687

 
$
38,164

 
$
5,927

 
$
(472
)
 
$
49,306

________________________
(1)Refer to Note 2 for the useful life of the above assets
(2)Represents assets acquired by the Company by completing a deed-in-lieu of foreclosure transaction
(3)Represents assets acquired by the Company by completing a foreclosure transaction
The following table summarizes the Company's real estate asset acquisitions for the year ended December 31, 2019 (dollars in thousands):
As of December 31, 2019
 
 
 
 
 
 
 
 
Acquisition Date
 
Property Type
 
Primary Location(s)
 
Land
 
Building and Improvements
 
Furniture, Fixtures and Equipment
 
Accumulated Depreciation
 
Real Estate Owned, net
August 2019 (1)(2)
 
Hotel
 
Chicago, IL
 
$
—

 
$
8,110

 
$
—

 
$
(86
)
 
$
8,024

October 2019 (1)
 
Office
 
Jeffersonville, IN
 
1,887

 
25,554

 
—

 
(133
)
 
27,309

 
 
 
 
 
 
$
1,887

 
$
33,664

 
$
—

 
$
(219
)
 
$
35,333

________________________
(1)Refer to Note 2 for the useful life of the above assets
(2)Represents assets acquired by the Company by completing a deed-in-lieu of foreclosure transaction