September 30,

December 31,

2020

2019

Land

$

2,144,489

$

2,164,032

Depreciable property — held and used:

Land improvements

230,291

224,964

Building, improvements, and furniture, fixtures and equipment

10,118,451

10,102,758

Real estate intangible assets

40,570

40,570

Under development:

Land and land improvements

56,361

29,226

Building, improvements, and furniture, fixtures and equipment

141,462

40,551

Real estate held for disposition:

Land and land improvements

9,654

—

Building, improvements, and furniture, fixtures and equipment

119,742

—

Real estate owned

12,861,020

12,602,101

Accumulated depreciation

(4,512,771)

(4,131,353)

Real estate owned, net

$

8,348,249

$

8,470,748