REAL ESTATE OWNED (Tables)

6 Months Ended

Jun. 30, 2020

REAL ESTATE OWNED

Summary of carrying amounts for real estate owned (at cost)

	June 30,		December 31,
	2020		2019
Land	$	2,162,778	$	2,164,032
Depreciable property — held and used:
Land improvements		228,452		224,964
Building, improvements, and furniture, fixtures and equipment		10,212,051		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		102,562		40,551
Real estate owned		12,775,639		12,602,101
Accumulated depreciation		(4,372,524)		(4,131,353)
Real estate owned, net	$	8,403,115	$	8,470,748