Real Estate (Tables)

6 Months Ended

Jun. 30, 2020

The Company's real estate assets were comprised of the following ($ in thousands):


	Net Lease⁽¹⁾		Operating Properties		Total
As of June 30, 2020
Land, at cost	$	188,418	$	106,186	$	294,604
Buildings and improvements, at cost	1,338,936		109,093		1,448,029
Less: accumulated depreciation	(230,501)		(16,064)		(246,565)
Real estate, net⁽¹⁾	1,296,853		199,215		1,496,068
Real estate available and held for sale⁽²⁾	26,644		5,519		32,163
Total real estate	$	1,323,497	$	204,734	$	1,528,231
As of December 31, 2019
Land, at cost	$	199,710	$	106,187	$	305,897
Buildings and improvements, at cost	1,347,321		107,861		1,455,182
Less: accumulated depreciation	(219,949)		(13,911)		(233,860)
Real estate, net⁽¹⁾	1,327,082		200,137		1,527,219
Real estate available and held for sale⁽²⁾	—		8,650		8,650
Total real estate	$	1,327,082	$	208,787	$	1,535,869

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(1)As of June 30, 2020 and December 31, 2019, real estate, net included $763.6 million and $768.6 million, respectively, of real estate of the Net Lease Venture (refer to Net Lease Venture below). During the six months ended June 30, 2020, the Company's largest net lease tenant contributed 11.3% of total revenues.

(2)As of June 30, 2020 and December 31, 2019, the Company had $5.5 million and $8.6 million, respectively, of residential condominiums available for sale in its operating properties portfolio.