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Real Estate (Tables)
 12 Months Ended
Dec. 31, 2014
Real Estate [Abstract]  
Schedule of future minimum rental payments for operating leases
Future minimum operating lease payments under non-cancelable leases, excluding customer reimbursements of expenses, in effect at December 31, 2014, are as follows ($ in thousands):
Year
 
Net Lease Assets
 
Operating Properties
2015
 
$
126,316

 
$
52,823

2016
 
125,653

 
51,437

2017
 
120,918

 
49,592

2018
 
118,384

 
44,288

2019
 
116,348

 
38,707

Future minimum lease obligations under non-cancelable operating leases are as follows ($ in thousands):
2015
$
5,598

2016
5,598

2017
4,982

2018
4,179

2019
3,442

Thereafter
8,266
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, 2014
 
 
 
 
 
 
 
Land and land improvements
$
311,890

 
$
146,417

 
$
868,650

 
$
1,326,957

Buildings and improvements
1,240,593

 
578,013

 
—

 
1,818,606

Less: accumulated depreciation and amortization
(364,323
)
 
(96,159
)
 
(8,367
)
 
(468,849
)
Real estate, net
1,188,160

 
628,271

 
860,283

 
2,676,714

Real estate available and held for sale
4,521

 
162,782

 
118,679

 
285,982

Total real estate
$
1,192,681

 
$
791,053

 
$
978,962

 
$
2,962,696

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 years ended December 31, 2014, 2013 and 2012 ($ in thousands):
 
For the Years Ended December 31,
 
2014(1)
 
2013(2)(3)
 
2012(4)
Acquisitions of real estate assets
$
4,666

 
$
102,364

 
$
9,750


Explanatory Notes:
_______________________________________________________________________________

(1)
During the year ended December 31, 2014, the Company purchased two condominium units for $3.0 million and one land parcel for $1.7 million.
(2)
During the year ended December 31, 2013, the Company acquired a net lease asset for a purchase price of $93.6 million, including intangible assets of $36.1 million, intangible liabilities of $11.9 million and acquisition-related costs of $0.2 million, which was leased back to the seller. The Company concluded that the transaction was a real estate asset acquisition and capitalized the acquisition-related costs. The intangible assets were included in "Deferred expenses and other assets, net" and the intangible liabilities were included in "Accounts payable, accrued expenses and other liabilities" on the Company's Consolidated Balance Sheets. The lease was classified as an operating lease. During the year ended December 31, 2014, the net lease asset was sold to its Net Lease Venture for net proceeds of $93.7 million, which approximated carrying value.
(3)
During the year ended December 31, 2013, the Company paid $8.8 million to redeem a noncontrolling member's interest.
(4)
During the year ended December 31, 2012, the Company acquired approximately 900 parking spaces adjacent to an owned property for $9.8 million.
Schedule of Pro Forma Information, Business Combination
The following unaudited table summarizes the Company's pro forma revenues and net income for the years ended December 31, 2014 and 2013, as if the acquisition of these properties acquired during the year ended December 31, 2014 was completed on January 1, 2013 ($ in thousands):
 
For the Years Ended
December 31,
 
2014
 
2013
Pro forma total revenues
$
466,327

 
$
399,885

Pro forma net income (loss)
(245
)
 
(112,355
)
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 and 2012 ($ in thousands):
 
For the Years Ended December 31,
 
2013
 
2012
Revenues
$
5,545

 
$
14,132

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

 
$
(17,481
)