March 31,

December 31,

2020

2019

Land

$

2,163,055

$

2,164,032

Depreciable property — held and used:

Land improvements

225,850

224,964

Building, improvements, and furniture, fixtures and equipment

10,178,547

10,102,758

Real estate intangible assets

40,570

40,570

Under development:

Land and land improvements

29,226

29,226

Building, improvements, and furniture, fixtures and equipment

66,100

40,551

Real estate held for disposition:

Land and land improvements

16,245

—

Building, improvements, and furniture, fixtures and equipment

98,405

—

Real estate owned

12,817,998

12,602,101

Accumulated depreciation

(4,272,471)

(4,131,353)

Real estate owned, net

$

8,545,527

$

8,470,748