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Property and Equipment
 12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment, net, consisted of the following:
 
December 31,
(in thousands)
2018
 
2017
Property and equipment - non-Master Leases
 
 
 
Land and improvements
$
343,987

 
$
294,695

Building, vessels and improvements
342,944

 
429,015

Furniture, fixtures and equipment
1,565,830

 
1,385,889

Leasehold improvements
152,943

 
130,801

Construction in progress
25,473

 
15,617

 
2,431,177

 
2,256,017

Less: Accumulated depreciation
(1,400,198
)
 
(1,345,147
)
 
1,030,979

 
910,870

Property and equipment - Master Leases
 
 
 
Land and improvements
2,970,969

 
424,700

Building, vessels and improvements
3,845,062

 
2,258,577

 
6,816,031

 
2,683,277

Less: Accumulated depreciation
(978,242
)
 
(837,478
)
 
5,837,789

 
1,845,799

Property and equipment, net
$
6,868,768

 
$
2,756,669

Depreciation expense for all of our property and equipment was $251.9 million, $248.2 million and $261.9 million for the years ended December 31, 2018, 2017 and 2016, respectively, of which, $112.1 million, $92.4 million and $91.1 million, pertained to real estate assets subject to either of our Master Leases, respectively. Interest capitalized in connection with major construction projects was zero, $0.2 million and $0.1 million for the years ended December 31, 2018, 2017 and 2016, respectively.
During the year ended December 31, 2018, we recorded $34.3 million of impairment on the property and equipment associated with our Resorts Casino Tunica property, principally relating to the real estate assets subject to the Penn Master Lease. The charge was the result of an impairment assessment performed after reviewing the financial results and projected results of this facility, which has been impacted by nearby competition. This impairment is included in “Provision for loan loss
and unfunded loan commitments to the JIVDC, net of recoveries, and impairment losses” within our Consolidated Statements of Operations. For additional information, see Note 16, “Fair Value Measurements.”