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Investments in Real Estate (Tables) | 6 Months Ended
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Jun. 30, 2020
Real Estate [Abstract] |
Summary of Investments in Real Estate | The following table summarizes our investments in real estate:
|  | As of June 30, 2020 |  |  | As of December 31, 2019 |  |  | Depreciable Lives (In years) |
Land |  | $ | 238,723 |  |  | $ | 234,050 |  |  |  | — |
Building |  |  | 1,499,444 |  |  |  | 1,453,052 |  |  |  | 40 |
Furniture, fixtures and equipment |  |  | 126,015 |  |  |  | 109,263 |  |  | 5-10 |
Total investment in real estate |  | $ | 1,864,182 |  |  | $ | 1,796,365 |  |  |  |  |
Accumulated depreciation |  |  | (187,758 | ) |  |  | (158,435 | ) |  |  |  |
Investments in real estate, net |  | $ | 1,676,424 |  |  | $ | 1,637,930 |  |  |  |  |
Summary of Fair Value of Assets and Liabilities | The following table summarizes the aggregate relative fair value of the assets and liabilities associated with the properties acquired during the six-month period ended June 30, 2020, on the date of acquisition, accounted for under FASB ASC Topic 805-50-15-3.
Description |  | Fair Value of Assets Acquired During The Six Months Ended June 30, 2020 |
Assets acquired: |  |  |  |
Investments in real estate (a) |  | $ | 51,052 |
Other assets |  |  | 35 |
Intangible assets |  |  | 221 |
Total assets acquired |  | $ | 51,308 |
Liabilities assumed: |  |  |  |
Accounts payable and accrued expenses |  | $ | 126 |
Other liabilities |  |  | 83 |
Total liabilities assumed |  |  | 209 |
Estimated fair value of net assets acquired |  | $ | 51,099 |
| (a) | Included $69 of property related acquisition costs capitalized during the six months ended June 30, 2020.

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- Definition Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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