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Property and Equipment
6 Months Ended
Jun. 30, 2020
Property Plant And Equipment [Abstract]  
Property and Equipment

7.

Property and Equipment

Property and equipment consisted of the following at June 30, 2020 and December 31, 2019 (in thousands):

 

 

 

June 30, 2020

 

 

December 31, 2019

 

Land

 

$

430,222

 

 

$

448,716

 

Building and improvements

 

 

2,747,858

 

 

 

2,746,111

 

Equipment

 

 

503,569

 

 

 

516,769

 

Construction in progress

 

 

257,707

 

 

 

254,213

 

 

 

 

3,939,356

 

 

 

3,965,809

 

Less: accumulated depreciation

 

 

(778,572

)

 

 

(741,775

)

Property and equipment, net

 

$

3,160,784

 

 

$

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 $28.6 million and $31.1 million at June 30, 2020 and December 31, 2019, respectively.