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Debt Obligations, net (Tables) | 12 Months Ended
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Dec. 31, 2013
Debt Disclosure [Abstract] |
Schedule of debt obligations | As of December 31, 2013 and 2012, the Company's debt obligations were as follows ($ in thousands):
| Carrying Value as of December 31, |  |  |  |
| 2013 |  | 2012 |  | Stated Interest Rates |  | Scheduled Maturity Date
Secured credit facilities and term loans: |  |  |  |  |  |  |
2012 Tranche A-1 Facility | $ | — |  |  | $ | 169,164 |  |  | LIBOR + 4.00% |  | (1) | —
2012 Tranche A-2 Facility | 431,475 |  |  | 470,000 |  |  | LIBOR + 5.75% |  | (1) | March 2017
October 2012 Secured Credit Facility | — |  |  | 1,754,466 |  |  | LIBOR + 4.50% |  | (2) | —
February 2013 Secured Credit Facility | 1,379,407 |  |  | — |  |  | LIBOR + 3.50% |  | (3) | October 2017
Term loans collateralized by net lease assets | 278,817 |  |  | 264,432 |  |  | 4.851% - 7.26% |  | (4) | Various through 2026
Total secured credit facilities and term loans | $ | 2,089,699 |  |  | $ | 2,658,062 |  |  |  |  |  |
Unsecured notes: |  |  |  |  |  |  |
8.625% senior notes | $ | — |  |  | $ | 96,801 |  |  | 8.625 | % |  | —
5.95% senior notes | — |  |  | 448,453 |  |  | 5.95 | % |  | —
5.70% senior notes | — |  |  | 200,601 |  |  | 5.70 | % |  | —
6.05% senior notes | 105,765 |  |  | 105,765 |  |  | 6.05 | % |  | April 2015
5.875% senior notes | 261,403 |  |  | 261,403 |  |  | 5.875 | % |  | March 2016
3.875% senior notes | 265,000 |  |  | — |  |  | 3.875 | % |  | July 2016
3.0% senior convertible notes(5) | 200,000 |  |  | 200,000 |  |  | 3.0 | % |  | November 2016
1.50% senior convertible notes(6) | 200,000 |  |  | — |  |  | 1.50 | % |  | November 2016
5.85% senior notes | 99,722 |  |  | 99,722 |  |  | 5.85 | % |  | March 2017
9.0% senior notes | 275,000 |  |  | 275,000 |  |  | 9.0 | % |  | June 2017
7.125% senior notes | 300,000 |  |  | 300,000 |  |  | 7.125 | % |  | February 2018
4.875% senior notes | 300,000 |  |  | — |  |  | 4.875 | % |  | July 2018
Total unsecured notes | $ | 2,006,890 |  |  | $ | 1,987,745 |  |  |  |  |  |
Other debt obligations: |  |  |  |  |  |  |
Other debt obligations | $ | 100,000 |  |  | $ | 100,000 |  |  | LIBOR + 1.50% |  |  | October 2035
Total debt obligations | $ | 4,196,589 |  |  | $ | 4,745,807 |  |  |  |  |  |
Debt discounts, net | (38,464 | ) |  | (54,313 | ) |  |  |  |  |
Total debt obligations, net | $ | 4,158,125 |  |  | $ | 4,691,494 |  |  |  |  |  |
Explanatory Notes: _______________________________________________________________________________
(1) | These loans each have a LIBOR floor of 1.25%. As of December 31, 2013, inclusive of the floor, the 2012 Tranche A-2 Facility loan incurred interest at a rate of 7.00%.
(2) | This loan has a LIBOR floor of 1.25%.
(3) | This loan has a LIBOR floor of 1.00%. As of December 31, 2013, inclusive of the floor, the February 2013 Secured Credit Facility incurred interest at a rate of 4.50%.
(4) | Includes a loan with a floating rate of LIBOR plus 2.00% and a loan with a floating rate of LIBOR plus 2.75%.
(5) | The Company's 3.0% senior convertible fixed rate notes due November 2016 ("3.0% Convertible Notes") are convertible at the option of the holders, into 85.0 shares per $1,000 principal amount of 3.0% Convertible Notes, at any time prior to the close of business on November 14, 2016.
(6) | The Company's 1.50% senior convertible fixed rate notes due November 2016 ("1.50% Convertible Notes") are convertible at the option of the holders, into 57.8 shares per $1,000 principal amount of 1.50% Convertible Notes, at any time prior to the close of business on November 14, 2016.
Schedule of future scheduled maturities of outstanding long-term debt obligations, net | Future Scheduled Maturities—As of December 31, 2013, future scheduled maturities of outstanding long-term debt obligations are as follows ($ in thousands):
| Unsecured Debt |  | Secured Debt |  | Total
2014 | $ | — |  |  | $ | 21,657 |  |  | $ | 21,657 |
2015 | 105,765 |  |  | — |  |  | 105,765 |
2016 | 926,403 |  |  | — |  |  | 926,403 |
2017 | 374,722 |  |  | 1,810,882 |  |  | 2,185,604 |
2018 | 600,000 |  |  | 17,052 |  |  | 617,052 |
Thereafter | 100,000 |  |  | 240,108 |  |  | 340,108 |
Total principal maturities | $ | 2,106,890 |  |  | $ | 2,089,699 |  |  | $ | 4,196,589 |
Unamortized debt discounts, net | (11,081 | ) |  | (27,383 | ) |  | (38,464 | )
Total long-term debt obligations, net | $ | 2,095,809 |  |  | $ | 2,062,316 |  |  | $ | 4,158,125 |
Schedule of carrying value of encumbered assets by asset type | Encumbered/Unencumbered Assets—As of December 31, 2013, the carrying value of the Company's encumbered and unencumbered assets by asset type are as follows ($ in thousands):
| As of December 31,
| 2013 |  | 2012
| Encumbered Assets |  | Unencumbered Assets |  | Encumbered Assets |  | Unencumbered Assets
Real estate, net | $ | 1,644,463 |  |  | $ | 1,151,718 |  |  | $ | 1,640,005 |  |  | $ | 1,099,094 |
Real estate available and held for sale | 152,604 |  |  | 207,913 |  |  | 263,842 |  |  | 372,023 |
Loans receivable, net(1) | 860,557 |  |  | 538,752 |  |  | 1,197,403 |  |  | 665,682 |
Other investments | 24,093 |  |  | 183,116 |  |  | 43,545 |  |  | 355,298 |
Cash and other assets | — |  |  | 907,995 |  |  | — |  |  | 556,207 |
Total | $ | 2,681,717 |  |  | $ | 2,989,494 |  |  | $ | 3,144,795 |  |  | $ | 3,048,304 |
Explanatory Note: _______________________________________________________________________________
(1) | As of December 31, 2013 and 2012, the amounts presented exclude general reserves for loan losses of $29.2 million and $33.1 million, respectively.

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