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Real Estate
 9 Months Ended
Sep. 30, 2016
Real Estate [Abstract]  
Real Estate Investments, Net
Real Estate, net

The following table contains information regarding the Company’s investment in real estate as of the following periods:
 
As of September 30, 2016
 
Land
 
Buildings and equipment
 
Accumulated depreciation
 
Total
Triple net lease properties
$
12,173

 
$
77,891

 
$
(5,916
)
 
$
84,148

Managed properties
16,016

 
189,122

 
(9,625
)
 
195,513

Other real estate (1)
—

 
1,170

 
—

 
1,170

Total
$
28,189

 
$
268,183

 
$
(15,541
)
 
$
280,831

 
 
 
 
 
 
 
 
 
As of December 31, 2015
 
Land
 
Buildings and equipment
 
Accumulated depreciation
 
Total
Triple net lease properties
$
12,173

 
$
77,161

 
$
(4,118
)
 
$
85,216

Managed properties
9,905

 
113,396

 
(5,842
)
 
117,459

Other real estate (1)
—

 
1,675

 
(389
)
 
1,286

Total
$
22,078

 
$
192,232

 
$
(10,349
)
 
$
203,961


(1)
Represents a single family residential property located in Connecticut that is being rented through the Company's subsidiary, Luxury. As of September 30, 2016, this property has been classified as held for sale and is carried at fair value less cost to sell.


Future Minimum Rental Revenue

The following table presents the future minimum annual rental revenue under the noncancelable terms of all operating leases as of:
 
September 30, 2016
Remainder of 2016
$
1,801

2017
7,232

2018
7,335

2019
7,441

2020
7,550

Thereafter
37,833

Total
$
69,192



The schedule of minimum future rental revenue excludes residential lease agreements, generally having terms of one year or less. Rental revenues from residential leases were $12,685 and $9,459 for the three months ended September 30, 2016 and 2015, respectively. Rental revenues from residential leases were $35,231 and $27,179 for the nine months ended September 30, 2016 and 2015, respectively.