| INVESTMENTS IN SENIOR HOUSING AND OTHER REAL ESTATE, NET OF ACCUMULATED DEPRECIATION |
7. INVESTMENTS IN SENIOR HOUSING AND OTHER REAL ESTATE, NET OF ACCUMULATED DEPRECIATION
The following table summarizes Newcastle’s investments in real estate:
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March 31, 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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104,634
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$
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—
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$
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104,634
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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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1,219,511
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(15,023
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)
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1,204,488
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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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18,783
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(1,366
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)
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17,417
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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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52,905
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(4,734
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)
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48,171
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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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1,395,833
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$
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(21,123
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)
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$
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1,374,710
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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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March 31, 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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50,615
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(1,143
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)
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49,472
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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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90,785
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(2,953
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)
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87,832
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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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20,090
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(1,539
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)
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18,551
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19,028
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—
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19,028
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Construction in progress
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6,441
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—
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6,441
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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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261,465
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(5,635
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)
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255,830
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259,573
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—
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259,573
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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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(1,399
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)
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5,189
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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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1,003
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(725
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)
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278
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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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8,697
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(2,124
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)
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6,573
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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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270,162
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$
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(7,759
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)
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$
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262,403
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$
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268,237
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$
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(2,067
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)
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$
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266,170
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