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Real Estate (Tables) | 9 Months Ended
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Sep. 30, 2015
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 & Development |  | Total
As of September 30, 2015 |  |  |  |  |  |  |
Land and land improvements, at cost | $ | 309,522 |  |  | $ | 134,490 |  |  | $ | 874,543 |  |  | $ | 1,318,555 |
Buildings and improvements, at cost | 1,227,500 |  |  | 423,058 |  |  | — |  |  | 1,650,558 |
Less: accumulated depreciation | (386,225 | ) |  | (82,821 | ) |  | (9,529 | ) |  | (478,575 | )
Real estate, net | 1,150,797 |  |  | 474,727 |  |  | 865,014 |  |  | 2,490,538 |
Real estate available and held for sale (1) | 1,953 |  |  | 136,945 |  |  | 157,693 |  |  | 296,591 |
Total real estate | $ | 1,152,750 |  |  | $ | 611,672 |  |  | $ | 1,022,707 |  |  | $ | 2,787,129 |
As of December 31, 2014 |  |  |  |  |  |  |
Land and land improvements, at cost | $ | 311,890 |  |  | $ | 146,417 |  |  | $ | 868,650 |  |  | $ | 1,326,957 |
Buildings and improvements, at cost | 1,240,593 |  |  | 578,013 |  |  | — |  |  | 1,818,606 |
Less: accumulated depreciation | (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 (1) | 4,521 |  |  | 162,782 |  |  | 118,679 |  |  | 285,982 |
Total real estate | $ | 1,192,681 |  |  | $ | 791,053 |  |  | $ | 978,962 |  |  | $ | 2,962,696 |
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(1) | As of September 30, 2015 and December 31, 2014, the Company had $132.8 million and $155.8 million, respectively, of residential properties available for sale in its operating properties portfolio.
Schedule of Acquisitions of Real Estate Assets, Cash Paid | The following acquisitions of real estate were reflected in the Company's consolidated statements of cash flows for the nine months ended September 30, 2015 and 2014 ($ in thousands):
| For the Nine Months Ended September 30, |
| 2015 |  | 2014 |
Acquisitions of real estate assets | — |  |  | 2,964 |  | (1)
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(1) | During the nine months ended September 30, 2014, the Company purchased two condominium units for $3.0 million.
During the nine months ended September 30, 2015, the Company acquired, via deed-in-lieu, title to a residential property, which had a total fair value of $13.4 million and previously served as collateral for loans receivable held by the Company. No gain or loss was recorded in connection with this transaction. During the nine months ended September 30, 2014, the Company acquired, via deed-in-lieu, title to three commercial operating properties and a land asset, which had a total fair value of $77.9 million and previously served as collateral for loans receivable held by the Company. No gain or loss was recorded in connection with this transaction. The following table summarizes the Company's pro forma revenues and net income for the nine months ended September 30, 2014, as if the acquisition of the properties acquired during the nine months ended September 30, 2014 was completed on January 1, 2013 ($ in thousands):
Pro forma total revenues |  | 356,378 |
Pro forma net income (loss) |  | 17,306 |

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