| Summary of carrying amounts for real estate owned (at cost) |
The following table summarizes the carrying amounts for our real estate owned (at cost) as of June 30, 2024 and December 31, 2023 (dollars in thousands): | | | | | | | | | June 30, | | December 31, | | | 2024 | | 2023 | Land | | $ | 2,565,795 | | $ | 2,549,716 | Depreciable property — held and used: | | | | | | | Land improvements | | | 261,538 | | | 255,706 | Building, improvements, and furniture, fixtures and equipment | | | 13,193,245 | | | 12,902,021 | Real estate intangible assets | | | 50,013 | | | 50,013 | Under development: | | | | | | | Land and land improvements | | | — | | | 16,576 | Building, improvements, and furniture, fixtures and equipment | | | — | | | 143,828 | Real estate held for disposition: | | | | | | | Land and land improvements | | | — | | | 13,734 | Building, improvements, and furniture, fixtures and equipment | | | — | | | 92,265 | Real estate owned | | | 16,070,591 | | | 16,023,859 | Accumulated depreciation (a) | | | (6,572,743) | | | (6,267,830) | Real estate owned, net | | $ | 9,497,848 | | $ | 9,756,029 |
| (a) | Accumulated depreciation is inclusive of $19.2 million and $17.2 million of accumulated amortization related to real estate intangible assets as of June 30, 2024 and December 31, 2023, respectively. |
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