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Real Estate (Tables)
6 Months Ended
Jun. 30, 2021
Real Estate [Abstract]  
Schedule of real estate assets

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

    

Net

    

Operating

    

Lease(1)

Properties

Total

As of June 30, 2021

 

  

 

  

 

  

Land, at cost

$

188,418

$

6,830

$

195,248

Buildings and improvements, at cost

 

1,355,014

 

106,911

 

1,461,925

Less: accumulated depreciation

 

(270,401)

 

(19,766)

 

(290,167)

Real estate, net(1)

 

1,273,031

 

93,975

 

1,367,006

Real estate available and held for sale(2)

 

 

99,201

 

99,201

Total real estate

$

1,273,031

$

193,176

$

1,466,207

As of December 31, 2020

 

  

 

  

 

  

Land, at cost

$

188,418

$

103,530

$

291,948

Buildings and improvements, at cost

 

1,353,683

 

106,422

 

1,460,105

Less: accumulated depreciation

 

(250,198)

 

(17,574)

 

(267,772)

Real estate, net(1)

 

1,291,903

 

192,378

 

1,484,281

Real estate available and held for sale(2)

 

 

5,212

 

5,212

Total real estate

$

1,291,903

$

197,590

$

1,489,493

(1)As of June 30, 2021 and December 31, 2020, real estate, net included $746.1 million and $755.5 million, respectively, of real estate of the Net Lease Venture (refer to Net Lease Venture below).
(2)As of June 30, 2021 and December 31, 2020, the Company had $2.4 million and $5.2 million, respectively, of residential condominiums available for sale in its operating properties portfolio.
Schedule of future minimum lease payments to be collected under non-cancelable operating leases

    

Net 

    

Operating

Year

Lease

Properties

2021 (remaining six months)

$

67,653

$

3,163

2022

 

131,176

 

6,643

2023

 

122,817

 

6,383

2024

 

117,126

 

6,345

2025

 

120,582

 

5,682

Thereafter

 

1,333,855

 

8,247