As of March 31, 2026 and December 31, 2025, property and equipment, net, which include assets under finance leases, consist of the following (in thousands):


	Asset Lives	March 31, 2026		December 31, 2025
Land	NA	$	204,716	$	75,952
Land improvements	5 to 20 years	82,112		36,313
Buildings and building improvements	10 to 40 years	2,263,227		1,007,562
Furniture and equipment	5 to 10 years	121,305		76,098
Automobiles	5 to 7 years	4,992		3,486
Other	5 to 10 years	5,044		2,794
Construction in progress	NA	1,334		1,463
Total property and equipment		$	2,682,730	$	1,203,668
Less accumulated depreciation and amortization		(481,438)		(467,480)
Total property and equipment, net		$	2,201,292	$	736,188

The Company recognized depreciation and amortization expense on its property and equipment of $14.0 million and $11.3 million for the three months ended March 31, 2026 and 2025, respectively. As of March 31, 2026 and 2025, property and equipment, net included $1.0 million and $1.4 million, respectively, of capital expenditures which had been incurred but not yet paid.