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Rental Properties
6 Months Ended
Jun. 30, 2018
Real Estate [Abstract]  
Rental Properties
Rental Properties

The following table summarizes the carrying amounts of rental properties as of June 30, 2018 and December 31, 2017 (in thousands):
 
June 30, 2018
 
December 31, 2017
Buildings and improvements
$
4,390,112

 
$
4,123,356

Furniture, fixtures & equipment
89,559

 
87,630

Land
1,158,347

 
1,108,805

Leasehold interests
25,774

 
25,774

 
5,663,792

 
5,345,565

Accumulated depreciation
(810,604
)
 
(741,334
)
Total
$
4,853,188

 
$
4,604,231

Depreciation expense on rental properties was $72.9 million and $59.3 million for the six months ended June 30, 2018 and 2017, respectively.