XML 25 R33.htm IDEA: XBRL DOCUMENT v2.4.0.8
Real Estate (Tables)
 12 Months Ended
Dec. 31, 2013
Real Estate [Abstract]  
Schedule of Real Estate Assets
The Company's real estate assets were comprised of the following ($ in thousands):
 
Net Lease
 
Operating
Properties
 
Land
 
Total
As of December 31, 2013
 
 
 
 
 
 
 
Land and land improvements
$
350,817

 
$
132,934

 
$
803,238

 
$
1,286,989

Buildings and improvements
1,346,071

 
587,574

 
—

 
1,933,645

Less: accumulated depreciation and amortization
(338,640
)
 
(82,420
)
 
(3,393
)
 
(424,453
)
Real estate, net
$
1,358,248

 
$
638,088

 
$
799,845

 
$
2,796,181

Real estate available and held for sale
—

 
228,328

 
132,189

 
360,517

Total real estate
$
1,358,248

 
$
866,416

 
$
932,034

 
$
3,156,698

As of December 31, 2012
 
 
 
 
 
 
 
Land and land improvements
$
344,239

 
$
132,028

 
$
786,114

 
$
1,262,381

Buildings and improvements
1,282,571

 
572,453

 
—

 
1,855,024

Less: accumulated depreciation and amortization
(310,605
)
 
(65,409
)
 
(2,292
)
 
(378,306
)
Real estate, net
$
1,316,205

 
$
639,072

 
$
783,822

 
$
2,739,099

Real estate available and held for sale
—

 
454,587

 
181,278

 
635,865

Total real estate
$
1,316,205

 
$
1,093,659

 
$
965,100

 
$
3,374,964
Schedule of Real Estate Asset Reclassifications
In connection with the reclassification of these assets to held and used, the Company reclassified their results of operations for each of the periods presented, as follows:
 
For the Years Ended December 31,
 
2012
 
2011
Other income
$
21,148

 
$
21,663

Real estate expenses
$
(22,603
)
 
$
(24,297
)
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures
The following table summarizes income (loss) from discontinued operations for the years ended December 31, 2013, 2012 and 2011, respectively ($ in thousands):
 
For the Years Ended December 31,
 
2013
 
2012
 
2011
Revenues
$
5,545

 
$
14,132

 
$
23,090

Total expenses
(3,138
)
 
(9,037
)
 
(19,457
)
Impairment of assets
(1,763
)
 
(22,576
)
 
(9,147
)
Income (loss) from discontinued operations
$
644


$
(17,481
)
 
$
(5,514
)
Schedule of Future Minimum Rental Payments for Operating Leases
Future Minimum Operating Lease Payments—Future minimum operating lease payments under non-cancelable leases, excluding customer reimbursements of expenses, in effect at December 31, 2013, are as follows ($ in thousands):
Year
Net Lease Assets
 
Operating Properties
2014
$
132,996

 
$
53,283

2015
$
133,272

 
$
48,851

2016
$
131,738

 
$
46,476

2017
$
125,142

 
$
44,516

2018
$
123,464

 
$
37,979

Future minimum lease obligations under non-cancelable operating leases are as follows ($ in thousands):
2014
$
5,797

2015
$
5,287

2016
$
5,408

2017
$
5,023

2018
$
4,179

Thereafter
$
11,709