| | For the year ended December 31, 2017 | | |||||||||||||
| | Balance, Beginning of Year | | Additions | | Disposal | | Reclassification and effect of change in exchange rate | | Balance, End of Year | | |||||
| | (in thousands) | | |||||||||||||
Land | | $ | 465,868 | | | - | | | - | | | 251,955 | | | 717,823 | |
Fair Value | | $ | 1,402,040 | | | | | | | | | | | | 2,213,184 | |
| | For the year ended December 31, 2016 | | |||||||||||||
| | Balance, Beginning of Year | | Additions | | Disposal | | Reclassification and effect of change in exchange rate | | Balance, End of Year | | |||||
| | (in thousands) | | |||||||||||||
Land | | $ | 465,868 | | | - | | | - | | | - | | | 465,868 | |
Fair Value | | $ | 1,145,098 | | | | | | | | | | | | 1,402,040 | |