INVESTMENTS IN OTHER REAL ESTATE, NET OF ACCUMULATED DEPRECIATION
|6 Months Ended|
Jun. 30, 2015
|Real Estate [Abstract]|
|INVESTMENTS IN OTHER REAL ESTATE, NET OF ACCUMULATED DEPRECIATION||
7. INVESTMENTS IN OTHER REAL ESTATE, NET OF ACCUMULATED DEPRECIATION
The following table summarizes Newcastle’s investments in real estate related to its Golf business:
In March 2015, Golf entered into a lease for a 27-hole municipal golf property owned by Los Angeles County, California. The lease is for a term of 21 years and encompasses the golf course, a driving range, food and beverage facilities and a pro shop.
The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures.
Reference 1: http://www.xbrl.org/2003/role/presentationRef