Real Estate Owned (Tables)

12 Months Ended

Dec. 31, 2015

Business Acquisition, Pro Forma Information [Table Text Block]

The supplemental pro forma operating data is not necessarily indicative of what the actual results of operations would have been assuming the transaction had been completed as set forth above, nor does it purport to represent the Company’s results of operations for future periods (in thousands):



	Year Ended December 31,
	2015		2014
Pro forma revenues	$	943,421	$	877,287
Pro forma net income/(loss) attributable to common stockholders	$	319,385	$	105,875

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table summarizes the allocation of the purchase price as of the acquisition date (in thousands):



Assets:
Land	$	173,924
Buildings	708,455
Intangible assets	25,455
Total assets	907,834
Liabilities:
Secured debt	(96,486		)
Below-market in-place leases	(542		)
Total liabilities	(97,028		)
Total assets acquired less liabilities assumed	$	810,806

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 December 31, 2015 and 2014 (dollars in thousands):



	December 31, 2015			December 31, 2014
Land	$	1,833,156		$	1,790,281
Depreciable property — held and used:
Land improvements	173,821			189,940
Building, improvements, and furniture, fixtures and equipment	7,046,622			6,225,406
Under development:
Land	78,085			24,584
Building, improvements, and furniture, fixtures and equipment	45,987			153,048
Real estate held for disposition:
Land	9,963			—
Building, improvements, and furniture, fixtures and equipment	2,642			—
Real estate owned	9,190,276			8,383,259
Accumulated depreciation	(2,646,874		)	(2,434,772		)
Real estate owned, net	$	6,543,402		$	5,948,487