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Real Estate (Tables) | 9 Months Ended
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Sep. 30, 2014
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 September 30, 2014 |  |  |  |  |  |  |
Land and land improvements | $ | 321,668 |  |  | $ | 144,854 |  |  | $ | 845,614 |  |  | $ | 1,312,136 |
Buildings and improvements | 1,254,182 |  |  | 571,833 |  |  | — |  |  | 1,826,015 |
Less: accumulated depreciation and amortization | (360,816 | ) |  | (89,974 | ) |  | (4,535 | ) |  | (455,325 | )
Real estate, net | 1,215,034 |  |  | 626,713 |  |  | 841,079 |  |  | 2,682,826 |
Real estate available and held for sale | — |  |  | 196,597 |  |  | 121,367 |  |  | 317,964 |
Total real estate | $ | 1,215,034 |  |  | $ | 823,310 |  |  | $ | 962,446 |  |  | $ | 3,000,790 |
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 |
Schedule of Acquisitions of Real Estate Assets, Cash Paid | The following acquisitions of real estate were reflected in the Company's Consolidated Statements of Cash Flows for the nine months ended September 30, 2014 and 2013 ($ in thousands):
| For the Nine Months Ended September 30, |
| 2014 |  | 2013 |
Acquisitions of real estate assets | 2,964 |  | (1) | 8,790 |  | (2)
Explanatory Notes: _______________________________________________________________________________
(1) | During the nine months ended September 30, 2014, the Company purchased two residential units for $3.0 million.
(2) | During the nine months ended September 30, 2013, the Company paid $8.8 million to redeem a noncontrolling member's interest.
Schedule of Pro Forma Information, Business Combination | The following table summarizes the Company's pro forma revenues and net income for the three and nine months ended September 30, 2014, as if the acquisition of these properties acquired during the nine months ended September 30, 2014 was completed on January 1, 2013 ($ in thousands):
|  | For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
|  | 2014 |  | 2013 |  | 2014 |  | 2013
Pro forma total revenues |  | 113,486 |  |  | 98,740 |  |  | 356,378 |  |  | 298,811 |
Pro forma net income (loss) |  | 35,491 |  |  | (18,921 | ) |  | 17,306 |  |  | (66,366 | )
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 three and nine months ended September 30, 2013 ($ in thousands):
| For the Three Months Ended September 30, 2013 |  | For the Nine Months Ended September 30, 2013
Revenues | $ | 1,562 |  |  | $ | 5,240 |
Total expenses | (783 | ) |  | (2,879 | )
Impairment of assets | (524 | ) |  | (920 | )
Income (loss) from discontinued operations | $ | 255 |  |  | $ | 1,441 |

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- Definition Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 + Details
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