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Real Estate (Tables)
9 Months Ended
Sep. 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 September 30, 2021

 

  

 

  

 

  

Land, at cost

$

188,418

$

6,830

$

195,248

Buildings and improvements, at cost

 

1,355,984

 

106,634

 

1,462,618

Less: accumulated depreciation

 

(280,521)

 

(20,421)

 

(300,942)

Real estate, net(1)

 

1,263,881

 

93,043

 

1,356,924

Real estate available and held for sale(2)

 

 

1,983

 

1,983

Total real estate

$

1,263,881

$

95,026

$

1,358,907

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 September 30, 2021 and December 31, 2020, real estate, net included $741.6 million and $755.5 million, respectively, of real estate of the Net Lease Venture (refer to Net Lease Venture below).
(2)As of September 30, 2021 and December 31, 2020, the Company had $2.0 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 three months)

$

32,800

$

1,455

2022

 

133,616

 

6,226

2023

 

125,330

 

5,966

2024

 

119,714

 

5,913

2025

 

123,248

 

5,318

Thereafter

 

1,385,609

 

7,825