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Real Estate (Tables)
 9 Months Ended
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