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Rental Properties
6 Months Ended
Jun. 30, 2024
Real Estate [Abstract]  
Rental Properties Real Estate Investments
The following table summarizes the carrying amounts of real estate investments as of June 30, 2024 and December 31, 2023 (in thousands):
June 30, 2024December 31, 2023
Buildings and improvements$4,687,703 $4,609,050 
Furniture, fixtures & equipment117,512 115,596 
Land1,237,241 1,219,943 
Leasehold interests28,453 28,453 
6,070,909 5,973,042 
Accumulated depreciation(1,504,427)(1,435,683)
Total$4,566,482 $4,537,359 
Depreciation expense on real estate investments was $80.1 million and $80.5 million for the six months ended June 30, 2024 and 2023, respectively.