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Investments in Real Estate (Tables)
3 Months Ended
Mar. 31, 2015
Summary of Investments in Real Estate

The table below summarizes our investments in real estate:

 

     As of March 31,
2015
     As of December 31,
2014
     Depreciable Lives
(In years)

Land

   $ 112,600       $ 112,600       —  

Building

     570,475         570,475       40

Furniture, fixtures and equipment

     6,792         6,037       5-10
  

 

 

    

 

 

    

Total investment in real estate

  689,867      689,112   

Accumulated depreciation

  (27,261   (23,376
  

 

 

    

 

 

    

Investments in real estate, net

$ 662,606    $ 665,736