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Debt Obligations, net (Tables) | 12 Months Ended
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Dec. 31, 2012
Debt Disclosure [Abstract] |
Schedule of debt obligations | As of December 31, 2012 and 2011, the Company's debt obligations were as follows ($ in thousands):
| Carrying Value as of December 31, |  |  |  |
| 2012 |  | 2011 |  | Stated Interest Rates |  | Scheduled Maturity Date
Secured credit facilities and term loans: |  |  |  |  |  |  |
2011 Tranche A-1 Facility | $ | — |  |  | $ | 961,580 |  |  | LIBOR + 3.75% |  | (1) | —
2011 Tranche A-2 Facility | — |  |  | 1,450,000 |  |  | LIBOR + 5.75% |  | (1) | —
2012 Tranche A-1 Facility | 169,164 |  |  | — |  |  | LIBOR + 4.00% |  | (2) | March 2016
2012 Tranche A-2 Facility | 470,000 |  |  | — |  |  | LIBOR + 5.75% |  | (2) | March 2017
October 2012 Secured Credit Facility | 1,754,466 |  |  | — |  |  | LIBOR + 4.50% |  | (3) | October 2017
Term loans collateralized by net lease assets | 264,432 |  |  | 293,192 |  |  | 4.851% - 7.68% |  |  | Various through 2026
Total secured credit facilities and term loans | $ | 2,658,062 |  |  | $ | 2,704,772 |  |  |  |  |  |
Unsecured credit facility: |  |  |  |  |  |  |
Line of credit | $ | — |  |  | $ | 243,650 |  |  | LIBOR + 0.85% |  |  | —
Unsecured notes: |  |  |  |  |  |  |
5.15% senior notes | — |  |  | 263,466 |  |  | 5.15 | % |  | —
5.50% senior notes | — |  |  | 92,845 |  |  | 5.50 | % |  | —
LIBOR + 0.50% senior convertible notes | — |  |  | 784,750 |  |  | LIBOR + 0.50% |  |  | —
8.625% senior notes | 96,801 |  |  | 501,701 |  |  | 8.625 | % |  | June 2013
5.95% senior notes | 448,453 |  |  | 448,453 |  |  | 5.95 | % |  | October 2013
6.5% senior notes | — |  |  | 67,055 |  |  | 6.5 | % |  | December 2013
5.70% senior notes | 200,601 |  |  | 200,601 |  |  | 5.70 | % |  | March 2014
6.05% senior notes | 105,765 |  |  | 105,765 |  |  | 6.05 | % |  | April 2015
5.875% senior notes | 261,403 |  |  | 261,403 |  |  | 5.875 | % |  | March 2016
3.0% senior convertible notes(4) | 200,000 |  |  | — |  |  | 3.0 | % |  | November 2016
5.85% senior notes | 99,722 |  |  | 99,722 |  |  | 5.85 | % |  | March 2017
9.0% senior notes | 275,000 |  |  | — |  |  | 9.0 | % |  | June 2017
7.125% senior notes | 300,000 |  |  | — |  |  | 7.125 | % |  | February 2018
Total unsecured notes | $ | 1,987,745 |  |  | $ | 2,825,761 |  |  |  |  |  |
Other debt obligations: |  |  |  |  |  |  |
Other debt obligations | $ | 100,000 |  |  | $ | 100,000 |  |  | LIBOR + 1.5% |  |  | October 2035
Total debt obligations | $ | 4,745,807 |  |  | $ | 5,874,183 |  |  |  |  |  |
Debt discounts, net | (54,313 | ) |  | (36,643 | ) |  |  |  |  |
Total debt obligations, net | $ | 4,691,494 |  |  | $ | 5,837,540 |  |  |  |  |  |
Explanatory Notes: _______________________________________________________________________________
(1) | These loans had a LIBOR floor of 1.25%.
(2) | These loans each have a LIBOR floor of 1.25%. As of December 31, 2012, inclusive of the floors, the 2012 Tranche A-1 Facility and 2012 Tranche A-2 Facility loans incurred interest at a rate of 5.25% and 7.00%, respectively.
(3) | This loan has a LIBOR floor of 1.25%. As of December 31, 2012, inclusive of the floor, the October 2012 Secured Credit Facility incurred interest at a rate of 5.75%. Subsequent to year end, in connection with the repricing of the October 2012 Secured Credit Facility, the loan will bear interest at a rate of LIBOR + 3.50%, with a LIBOR floor of 1.00%. See Note 17—Subsequent Events.
(4) | The Company's convertible senior fixed rate notes due November 2016 ("Convertible Notes") are convertible at the option of the holders, into 85.0 shares per $1,000 principal amount of Convertible Notes, at any time prior to the close of business on November 14, 2016. As of December 31, 2012, the outstanding principal balance of the Company's senior convertible notes was $200.0 million. For the year ended December 31, 2012, the Company recognized interest expense on the convertible notes of $0.8 million.
Schedule of future scheduled maturities of outstanding long-term debt obligations, net | Future Scheduled Maturities—As of December 31, 2012, future scheduled maturities of outstanding long-term debt obligations are as follows ($ in thousands)(1):
| Unsecured Debt |  | Secured Debt |  | Total
2013 | $ | 545,254 |  |  | $ | — |  |  | $ | 545,254 |
2014 | 200,601 |  |  | — |  |  | 200,601 |
2015 | 105,765 |  |  | 46,164 |  |  | 151,929 |
2016 | 461,403 |  |  | 134,816 |  |  | 596,219 |
2017 | 374,722 |  |  | 2,212,650 |  |  | 2,587,372 |
Thereafter | 400,000 |  |  | 264,432 |  |  | 664,432 |
Total principal maturities | $ | 2,087,745 |  |  | $ | 2,658,062 |  |  | $ | 4,745,807 |
Unamortized debt discounts, net | (19,147 | ) |  | (35,166 | ) |  | (54,313 | )
Total long-term debt obligations, net | $ | 2,068,598 |  |  | $ | 2,622,896 |  |  | $ | 4,691,494 |
Explanatory Note: _______________________________________________________________________________
(1) | Includes minimum required amortization payments on the March 2012 Secured Credit Facilities and the October 2012 Secured Credit Facility.
Schedule of carrying value of encumbered assets by asset type | Unencumbered/Encumbered Assets—As of December 31, 2012, the carrying value of the Company's unencumbered and encumbered assets by asset type are as follows ($ in thousands):
| As of December 31,
| 2012 |  | 2011
| Encumbered Assets |  | Unencumbered Assets |  | Encumbered Assets |  | Unencumbered Assets
Real estate, net | $ | 1,794,198 |  |  | $ | 1,004,825 |  |  | $ | 1,533,579 |  |  | $ | 1,397,319 |
Real estate available and held for sale | 141,673 |  |  | 494,192 |  |  | 177,092 |  |  | 500,366 |
Loans receivable, net(1) | 1,197,373 |  |  | 665,712 |  |  | 1,780,591 |  |  | 1,153,671 |
Other investments | 43,545 |  |  | 355,298 |  |  | 37,957 |  |  | 419,878 |
Cash and other assets | — |  |  | 487,073 |  |  | — |  |  | 590,884 |
Total | $ | 3,176,789 |  |  | $ | 3,007,100 |  |  | $ | 3,529,219 |  |  | $ | 4,062,118 |
Explanatory Note: _______________________________________________________________________________
(1) | As of December 31, 2012 and 2011, the amounts presented exclude general reserves for loan losses of $33.1 million and $73.5 million, respectively.

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