| Schedule of investments in real estate |
The following table summarizes Newcastle’s investments in real estate:
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June 30, 2014
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December 31, 2013
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Gross
Carrying Amount
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Accumulated Depreciation
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Net Carrying Value
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Gross
Carrying Amount
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Accumulated Depreciation
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Net Carrying Value
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Senior Housing
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Land
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$
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130,476
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$
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—
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$
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130,476
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$
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102,235
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$
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—
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$
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102,235
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Buildings
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1,366,356
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(22,651
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)
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1,343,705
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1,199,672
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(7,523
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)
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1,192,149
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Building improvements
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21,318
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(1,941
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)
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19,377
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20,704
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(549
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)
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20,155
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Furniture, fixtures and equipment
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61,353
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(7,502
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)
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53,851
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50,711
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(2,350
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)
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48,361
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Investments in Senior Housing Real Estate
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$
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1,579,503
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$
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(32,094
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)
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$
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1,547,409
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$
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1,373,322
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$
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(10,422
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)
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$
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1,362,900
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June 30, 2014
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December 31, 2013
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Gross Carrying Amount
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Accumulated Depreciation
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Net Carrying Value
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Gross
Carrying Amount
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Accumulated Depreciation
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Net Carrying Value
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Golf
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Land
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$
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93,534
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$
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—
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$
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93,534
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$
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93,534
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$
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—
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$
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93,534
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Buildings
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50,962
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(2,265
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)
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48,697
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50,615
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—
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50,615
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Building improvements
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91,934
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(6,077
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)
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85,857
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90,736
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—
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90,736
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Furniture, fixtures and equipment
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20,459
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(3,178
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)
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17,281
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18,353
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—
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18,353
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Capital leases - equipment
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3,830
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(63
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)
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3,767
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—
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—
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—
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Construction in progress
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7,849
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—
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7,849
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5,660
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—
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5,660
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Golf Total
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268,568
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(11,583
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)
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256,985
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258,898
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—
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258,898
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Other Commercial Real Estate
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Land
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1,106
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—
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1,106
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1,106
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—
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1,106
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Buildings
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6,588
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(1,443
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)
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5,145
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6,588
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(1,356
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)
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5,232
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Building improvements
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1,002
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(738
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)
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264
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970
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(711
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)
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259
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Furniture, fixtures and equipment
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—
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—
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—
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—
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—
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—
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Other Commercial Real Estate Total
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8,696
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(2,181
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)
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6,515
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8,664
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(2,067
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)
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6,597
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Investments in Other Real Estate
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$
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277,264
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$
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(13,764
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)
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$
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263,500
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$
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267,562
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$
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(2,067
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)
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$
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265,495
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