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Property and Equipment
3 Months Ended
Mar. 31, 2020
Property Plant And Equipment [Abstract]  
Property and Equipment

6.

Property and Equipment

Property and equipment consisted of the following at March 31, 2020 and December 31, 2019 (in thousands):

 

 

 

March 31, 2020

 

 

December 31, 2019

 

Land

 

$

429,601

 

 

$

448,716

 

Building and improvements

 

 

2,738,302

 

 

 

2,746,111

 

Equipment

 

 

502,246

 

 

 

516,769

 

Construction in progress

 

 

229,058

 

 

 

254,213

 

 

 

 

3,899,207

 

 

 

3,965,809

 

Less: accumulated depreciation

 

 

(747,468

)

 

 

(741,775

)

Property and equipment, net

 

$

3,151,739

 

 

$

3,224,034

 

 

The Company has recorded assets held for sale within other assets on the condensed consolidated balance sheets for closed properties being actively marketed of $30.3 million and $31.1 million at March 31, 2020 and December 31, 2019, respectively.