SEGMENTS During the three and nine months ended September 30, 2018 and 2017, we operated in two segments: real estate operations and restaurant operations. Our segments are based on our organizational and management structure, which aligns with how our results are monitored and performance is assessed. Expenses incurred at our corporate office are allocated to real estate operations. The accounting policies of the reportable segments are the same as those described in Note 2 - Summary of Significant Accounting Policies . The following tables present financial information by segment for the three and nine months ended September 30, 2018 and 2017. Three Months Ended September 30, 2018 (In thousands) Real Estate Operations Restaurant Operations Intercompany Total Revenues: Rental revenue $ 31,324 $  $  $ 31,324 Intercompany rental revenue 100  (100 )  Restaurant revenue  4,798  4,798 Total revenues 31,424 4,798 (100 ) 36,122 Expenses: General and administrative 3,225   3,225 Depreciation and amortization 5,614 129  5,743 Restaurant expenses  4,813 (100 ) 4,713 Interest expense 4,934   4,934 Total expenses 13,773 4,942 (100 ) 18,615 Other income 164   164 Realized gain on sale, net     Income before income taxes 17,815 (144 )  17,671 Income tax expense (38 ) (26 )  (64 ) Net Income (Loss) $ 17,777 $ (170 ) $  $ 17,607 Three Months Ended September 30, 2017 (In thousands) Real Estate Operations Restaurant Operations Intercompany Total Revenues: Rental revenue $ 28,835 $  $  $ 28,835 Intercompany rental revenue 99  (99 )  Restaurant revenue  4,676  4,676 Total revenues 28,934 4,676 (99 ) 33,511 Expenses: General and administrative 2,899   2,899 Depreciation and amortization 5,286 139  5,425 Restaurant expenses  4,670 (99 ) 4,571 Interest expense 5,463   5,463 Total expenses 13,648 4,809 (99 ) 18,358 Other income 172   172 Realized gain on sale, net 4,042   4,042 Income before income taxes 19,500 (133 )  19,367 Income tax expense  (33 )  (33 ) Net Income (Loss) $ 19,500 $ (166 ) $  $ 19,334 Nine Months Ended September 30, 2018 (In thousands) Real Estate Operations Restaurant Operations Intercompany Total Revenues: Rental revenue $ 90,509 $  $  $ 90,509 Intercompany rental revenue 300  (300 )  Restaurant revenue  15,091  15,091 Total revenues 90,809 15,091 (300 ) 105,600 Expenses: General and administrative 10,098   10,098 Depreciation and amortization 15,931 381  16,312 Restaurant expenses  14,670 (300 ) 14,370 Interest expense 14,667   14,667 Total expenses 40,696 15,051 (300 ) 55,447 Other income 752   752 Realized gain on sale, net 10,879   10,879 Income before income taxes 61,744 40  61,784 Income tax expense (100 ) (89 )  (189 ) Net Income (Loss) $ 61,644 $ (49 ) $  $ 61,595 Nine Months Ended September 30, 2017 (In thousands) Real Estate Operations Restaurant Operations Intercompany Total Revenues: Rental revenue $ 84,926 $  $  $ 84,926 Intercompany rental revenue 296  (296 )  Restaurant revenue  14,445  14,445 Total revenues 85,222 14,445 (296 ) 99,371 Expenses: General and administrative 9,215   9,215 Depreciation and amortization 15,812 442  16,254 Restaurant expenses  14,119 (296 ) 13,823 Interest expense 14,066   14,066 Total expenses 39,093 14,561 (296 ) 53,358 Other income 211   211 Realized gain on sale, net 7,333   7,333 Income before income taxes 53,673 (116 )  53,557 Income tax expense (56 ) (83 )  (139 ) Net Income (Loss) $ 53,617 $ (199 ) $  $ 53,418 The following tables present supplemental information by segment at September 30, 2018 and December 31, 2017. Supplemental Segment Information at September 30, 2018 (In thousands) Real Estate Operations Restaurant Operations Total Gross real estate investments $ 1,747,094 $ 16,768 $ 1,763,862 Accumulated depreciation (604,064 ) (6,771 ) (610,835 ) Total real estate investments, net $ 1,143,030 $ 9,997 $ 1,153,027 Cash and cash equivalents $ 26,028 $ 862 $ 26,890 Total assets $ 1,224,865 $ 11,313 $ 1,236,178 Long-term debt, net of deferred financing costs $ 516,904 $  $ 516,904 Supplemental Segment Information at December 31, 2017 (In thousands) Real Estate Operations Restaurant Operations Total Gross real estate investments $ 1,548,259 $ 16,696 $ 1,564,955 Accumulated depreciation (592,293 ) (6,553 ) (598,846 ) Total real estate investments, net $ 955,966 $ 10,143 $ 966,109 Cash and cash equivalents $ 63,229 $ 1,237 $ 64,466 Total assets $ 1,056,500 $ 12,159 $ 1,068,659 Long-term debt, net of deferred financing costs $ 515,539 $  $ 515,539