Real Estate Investments, Net

3 Months Ended

Mar. 31, 2016

REAL ESTATE INVESTMENTS, NET

Real estate investments, net, which consist of land, buildings and improvements leased to others subject to triple-net operating leases and those utilized in the operations of Kerrow Restaurant Operating Business are summarized as follows:



	March 31,			December 31,
(In thousands)	2016			2015
Land	$	404,812		$	404,812
Buildings and improvements	851,967			851,967
Equipment	140,456			140,451
Total gross real estate investments	1,397,235			1,397,230
Less: accumulated depreciation	(573,726		)	(568,539		)
Total Real Estate Investments, Net	$	823,509		$	828,691

The following table presents the scheduled minimum future contractual rent to be received under the remaining non-cancelable term of the operating leases. Because lease renewal periods are exercisable at the option of the lessee, the table presents future minimum lease payments due during the initial lease term only.



	March 31,
(In millions)	2016
2016 (nine months)	$	71
2017	96
2018	97
2019	99
2020	100
Thereafter	1,034
Total Future Minimum Rentals	$	1,497