| 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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September 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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137,720
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$
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—
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$
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137,720
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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, improvements and other
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1,489,208
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(44,451
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)
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1,444,757
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1,271,087
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(10,422
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)
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1,260,665
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Investments in Senior Housing Real Estate
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$
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1,626,928
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$
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(44,451
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)
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$
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1,582,477
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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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September 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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90,324
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$
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—
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$
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90,324
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$
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90,324
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$
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—
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$
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90,324
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Buildings
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49,188
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(3,005
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)
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46,183
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48,878
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—
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48,878
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Building improvements
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89,383
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(8,682
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)
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80,701
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87,623
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—
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87,623
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Furniture, fixtures and equipment
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18,601
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(3,516
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)
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15,085
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17,723
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—
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17,723
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Capital leases - equipment
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5,162
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(219
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)
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4,943
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—
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—
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—
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Construction in progress
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8,274
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—
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8,274
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5,660
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—
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5,660
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Investments in Other Real Estate
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$
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260,932
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$
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(15,422
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)
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$
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245,510
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$
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250,208
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$
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—
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$
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250,208
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