Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN REAL ESTATE, NET OF ACCUMULATED DEPRECIATION

v3.7.0.1
INVESTMENTS IN REAL ESTATE, NET OF ACCUMULATED DEPRECIATION
 6 Months Ended
Jun. 30, 2017
Real Estate [Abstract]  
INVESTMENTS IN REAL ESTATE, NET OF ACCUMULATED DEPRECATION
INVESTMENTS IN REAL ESTATE, NET OF ACCUMULATED DEPRECIATION

The following table summarizes the Company’s investments in real estate related to its Traditional and Entertainment Golf businesses:
 
 
June 30, 2017
 
December 31, 2016
 
Gross Carrying Amount
 
Accumulated Depreciation
 
Net Carrying Value
 
Gross Carrying Amount
 
Accumulated Depreciation
 
Net Carrying Value
Land
$
84,319

 
$
—

 
$
84,319

 
$
84,319

 
$
—

 
$
84,319

Buildings and improvements
148,151

 
(46,126
)
 
102,025

 
144,690

 
(39,402
)
 
105,288

Furniture, fixtures and equipment
31,118

 
(22,066
)
 
9,052

 
29,132

 
(20,516
)
 
8,616

Capital leases - equipment
22,840

 
(6,572
)
 
16,268

 
20,844

 
(4,818
)
 
16,026

Construction in progress
7,004

 
—

 
7,004

 
3,362

 
—

 
3,362

Total Investments in Real Estate
$
293,432

 
$
(74,764
)
 
$
218,668

 
$
282,347

 
$
(64,736
)
 
$
217,611



In May 2017, the management agreement on a golf property in California expired and we exited the property.