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Real Estate (Tables) | 6 Months Ended
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Jun. 30, 2016
Real Estate [Abstract] |
Schedule of real estate assets | The Company's real estate assets were comprised of the following ($ in thousands):
| Net Lease |  | Operating Properties |  | Total
As of June 30, 2016 |  |  |  |  |
Land and land improvements, at cost | $ | 305,424 |  |  | $ | 115,306 |  |  | $ | 420,730 |
Buildings and improvements, at cost | 1,159,014 |  |  | 282,638 |  |  | 1,441,652 |
Less: accumulated depreciation | (382,613 | ) |  | (43,849 | ) |  | (426,462 | )
Real estate, net | 1,081,825 |  |  | 354,095 |  |  | 1,435,920 |
Real estate available and held for sale (1) | — |  |  | 126,070 |  |  | 126,070 |
Total real estate | $ | 1,081,825 |  |  | $ | 480,165 |  |  | $ | 1,561,990 |
As of December 31, 2015 |  |  |  |  |
Land and land improvements, at cost | $ | 306,172 |  |  | $ | 133,275 |  |  | $ | 439,447 |
Buildings and improvements, at cost | 1,183,723 |  |  | 427,371 |  |  | 1,611,094 |
Less: accumulated depreciation | (377,416 | ) |  | (79,142 | ) |  | (456,558 | )
Real estate, net | 1,112,479 |  |  | 481,504 |  |  | 1,593,983 |
Real estate available and held for sale (1) | — |  |  | 137,274 |  |  | 137,274 |
Total real estate | $ | 1,112,479 |  |  | $ | 618,778 |  |  | $ | 1,731,257 |
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(1) | As of June 30, 2016 and December 31, 2015, the Company had $110.0 million and $137.3 million, respectively, of residential properties available for sale in its operating properties portfolio.

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