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Debt Obligations, net (Tables) | 9 Months Ended
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Sep. 30, 2014
Debt Disclosure [Abstract] |
Schedule of debt obligations | As of September 30, 2014 and December 31, 2013, the Company's debt obligations were as follows ($ in thousands):
| Carrying Value as of |  |  |  |
| September 30, 2014 |  | December 31, 2013 |  | Stated Interest Rates |  | Scheduled Maturity Date
Secured credit facilities and term loans: |  |  |  |  |  |  |
2012 Tranche A-2 Facility | $ | 382,242 |  |  | $ | 431,475 |  |  | LIBOR + 5.75% |  | (1) | March 2017
February 2013 Secured Credit Facility | — |  |  | 1,379,407 |  |  | LIBOR + 3.50% |  | (2) | —
Term loans collateralized by net lease assets | 251,112 |  |  | 278,817 |  |  | 4.851% - 7.26% |  | (3) | Various through 2026
Total secured credit facilities and term loans | 633,354 |  |  | 2,089,699 |  |  |  |  |  |
Unsecured notes: |  |  |  |  |  |  |
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 |  |  | 265,000 |  |  | 3.875 | % |  | July 2016
3.0% senior convertible notes(4) | 200,000 |  |  | 200,000 |  |  | 3.0 | % |  | November 2016
1.50% senior convertible notes(5) | 200,000 |  |  | 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
4.00% senior notes | 550,000 |  |  | — |  |  | 4.00 | % |  | November 2017
7.125% senior notes | 300,000 |  |  | 300,000 |  |  | 7.125 | % |  | February 2018
4.875% senior notes | 300,000 |  |  | 300,000 |  |  | 4.875 | % |  | July 2018
5.00% senior notes | 770,000 |  |  | — |  |  | 5.00 | % |  | July 2019
Total unsecured notes | 3,326,890 |  |  | 2,006,890 |  |  |  |  |  |
Other debt obligations: |  |  |  |  |  |  |
Other debt obligations | 100,000 |  |  | 100,000 |  |  | LIBOR + 1.50% |  |  | October 2035
Total debt obligations | 4,060,244 |  |  | 4,196,589 |  |  |  |  |  |
Debt discounts, net | (13,228 | ) |  | (38,464 | ) |  |  |  |  |
Total debt obligations, net | $ | 4,047,016 |  |  | $ | 4,158,125 |  |  |  |  |  |
Explanatory Notes: _______________________________________________________________________________
(1) | The loan has a LIBOR floor of 1.25%. As of September 30, 2014, inclusive of the floor, the 2012 Tranche A-2 Facility loan incurred interest at a rate of 7.00%.
(2) | This loan had a LIBOR floor of 1.00%.
(3) | As of September 30, 2014 and December 31, 2013, includes a loan with a floating rate of LIBOR plus 2.00%. As of December 31, 2013, includes a loan with a floating rate of LIBOR plus 2.75%. As of September 30, 2014, the weighted average interest rate of these loans is 5.3%.
(4) | 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.
(5) | 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 $1,000 principal amount of 1.50% Convertible Notes, at any time prior to the close of business on November 14, 2016.
Schedule of future scheduled maturities of outstanding long-term debt obligations, net | Future Scheduled Maturities—As of September 30, 2014, future scheduled maturities of outstanding long-term debt obligations are as follows ($ in thousands):
| Unsecured Debt |  | Secured Debt |  | Total
2014 (remaining three months) | $ | — |  |  | $ | — |  |  | $ | — |
2015 | 105,765 |  |  | — |  |  | 105,765 |
2016 | 926,403 |  |  | — |  |  | 926,403 |
2017 | 924,722 |  |  | 382,242 |  |  | 1,306,964 |
2018 | 600,000 |  |  | 15,705 |  |  | 615,705 |
Thereafter | 870,000 |  |  | 235,407 |  |  | 1,105,407 |
Total principal maturities | 3,426,890 |  |  | 633,354 |  |  | 4,060,244 |
Unamortized debt discounts, net | (9,075 | ) |  | (4,153 | ) |  | (13,228 | )
Total long-term debt obligations, net | $ | 3,417,815 |  |  | $ | 629,201 |  |  | $ | 4,047,016 |
Schedule of carrying value of encumbered assets by asset type | Encumbered/Unencumbered Assets—As of September 30, 2014 and December 31, 2013, the carrying value of the Company's encumbered and unencumbered assets by asset type are as follows ($ in thousands):
| As of
| September 30, 2014 |  | December 31, 2013
| Encumbered Assets |  | Unencumbered Assets |  | Encumbered Assets |  | Unencumbered Assets
Real estate, net | $ | 605,616 |  |  | $ | 2,077,210 |  |  | $ | 1,644,463 |  |  | $ | 1,151,718 |
Real estate available and held for sale | 17,950 |  |  | 300,014 |  |  | 152,604 |  |  | 207,913 |
Loans receivable and other lending investments, net(1) | 47,018 |  |  | 1,174,528 |  |  | 860,557 |  |  | 538,752 |
Other investments | 20,519 |  |  | 293,756 |  |  | 24,093 |  |  | 183,116 |
Cash and other assets | — |  |  | 974,814 |  |  | — |  |  | 907,995 |
Total | $ | 691,103 |  |  | $ | 4,820,322 |  |  | $ | 2,681,717 |  |  | $ | 2,989,494 |
Explanatory Note: _______________________________________________________________________________
(1) | As of September 30, 2014 and December 31, 2013, the amounts presented exclude general reserves for loan losses of $30.8 million and $29.2 million, respectively.

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