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Debt Obligations, net (Tables) | 12 Months Ended
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Dec. 31, 2014
Debt Disclosure [Abstract] |
Schedule of debt obligations | As of December 31, 2014 and 2013, the Company's debt obligations were as follows ($ in thousands):
| Carrying Value as of December 31, |  | Stated Interest Rates |  | Scheduled Maturity Date
| 2014 |  | 2013 |  |
Secured credit facilities and term loans: |  |  |  |  |  |  |
2012 Tranche A-2 Facility | $ | 358,504 |  |  | $ | 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 | 248,955 |  |  | 278,817 |  |  | 4.851% - 7.26% |  | (3) | Various through 2026
Total secured credit facilities and term loans | 607,459 |  |  | 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 | 4,034,349 |  |  | 4,196,589 |  |  |  |  |  |
Debt discounts, net | (11,665 | ) |  | (38,464 | ) |  |  |  |  |
Total debt obligations, net | $ | 4,022,684 |  |  | $ | 4,158,125 |  |  |  |  |  |
Explanatory Notes: _______________________________________________________________________________
(1) | The loan has a LIBOR floor of 1.25%. As of December 31, 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 December 31, 2014 and 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 December 31, 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 $1,000 principal amount of 1.50% Convertible Notes, at any time prior to the close of business on November 14, 2016.
Schedule of future scheduled maturities of outstanding long-term debt obligations, net | Future Scheduled Maturities—As of December 31, 2014, future scheduled maturities of outstanding long-term debt obligations are as follows ($ in thousands):
| Unsecured Debt |  | Secured Debt |  | Total
2015 | $ | 105,765 |  |  | $ | — |  |  | $ | 105,765 |
2016 | 926,403 |  |  | — |  |  | 926,403 |
2017 | 924,722 |  |  | 358,504 |  |  | 1,283,226 |
2018 | 600,000 |  |  | 15,239 |  |  | 615,239 |
2019 | 770,000 |  |  | 32,312 |  |  | 802,312 |
Thereafter | 100,000 |  |  | 201,404 |  |  | 301,404 |
Total principal maturities | 3,426,890 |  |  | 607,459 |  |  | 4,034,349 |
Unamortized debt discounts, net | (8,371 | ) |  | (3,294 | ) |  | (11,665 | )
Total long-term debt obligations, net | $ | 3,418,519 |  |  | $ | 604,165 |  |  | $ | 4,022,684 |
Schedule of carrying value of encumbered assets by asset type | Encumbered/Unencumbered Assets—As of December 31, 2014 and 2013, the carrying value of the Company's encumbered and unencumbered assets by asset type are as follows ($ in thousands):
| As of December 31,
| 2014 |  | 2013
| Encumbered Assets |  | Unencumbered Assets |  | Encumbered Assets |  | Unencumbered Assets
Real estate, net | $ | 620,378 |  |  | $ | 2,056,336 |  |  | $ | 1,644,463 |  |  | $ | 1,151,718 |
Real estate available and held for sale | 10,496 |  |  | 275,486 |  |  | 152,604 |  |  | 207,913 |
Loans receivable and other lending investments, net(1) | 46,515 |  |  | 1,364,828 |  |  | 860,557 |  |  | 538,752 |
Other investments | 17,708 |  |  | 336,411 |  |  | 24,093 |  |  | 183,116 |
Cash and other assets | — |  |  | 768,475 |  |  | — |  |  | 907,995 |
Total | $ | 695,097 |  |  | $ | 4,801,536 |  |  | $ | 2,681,717 |  |  | $ | 2,989,494 |
Explanatory Note: _______________________________________________________________________________
(1) | As of December 31, 2014 and 2013, the amounts presented exclude general reserves for loan losses of $33.5 million and $29.2 million, respectively.

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