Property

Property, net consisted of the following:



	December 26, 2018		December 27, 2017
	(In thousands)
Land	$	33,566	$	32,506
Buildings and leasehold improvements	241,990		243,872
Other property and equipment	68,315		67,786
Total property owned	343,871		344,164
Less accumulated depreciation	226,620		227,959
Property owned, net	117,251		116,205
Buildings, vehicles and other equipment held under capital leases	38,279		39,017
Less accumulated amortization	15,526		15,366
Property held under capital leases, net	22,753		23,651
Total property, net	$	140,004	$	139,856

The following table reflects the property assets, included in the table above, which were leased to franchisees:



	December 26, 2018		December 27, 2017
	(In thousands)
Land	$	16,730	$	15,490
Buildings and leasehold improvements	53,790		54,948
Total property owned, leased to franchisees	70,520		70,438
Less accumulated depreciation	46,354		48,225
Property owned, leased to franchisees, net	24,166		22,213
Buildings held under capital leases, leased to franchisees	5,776		6,060
Less accumulated amortization	2,746		3,300
Property held under capital leases, leased to franchisees, net	3,030		2,760
Total property leased to franchisees, net	$	27,196	$	24,973

Depreciation expense, including amortization of property under capital leases, for 2018, 2017 and 2016 was $23.0 million, $21.2 million and $20.6 million, respectively. Substantially all owned property is pledged as collateral for our Credit Facility. See Note 12.