| Schedule of investments in other real estate |
The following table summarizes Newcastle’s investments in real estate related to its Golf business:
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March 31, 2015
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December 31, 2014
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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 and improvements
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140,752
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(20,973
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)
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119,779
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139,949
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(17,729
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)
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122,220
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Furniture, fixtures and equipment
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22,756
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(7,757
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)
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14,999
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23,621
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(5,544
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)
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18,077
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Capital leases - equipment
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6,547
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(709
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)
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5,838
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6,528
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(547
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)
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5,981
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Construction in progress
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3,109
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—
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3,109
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2,681
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—
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2,681
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Investments in Other Real Estate
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$
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263,488
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$
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(29,439
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)
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$
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234,049
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$
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263,103
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$
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(23,820
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)
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$
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239,283
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