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Real Estate (Tables)
 9 Months Ended
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


_______________________________________________________________________________
(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) 
_______________________________________________________________________________
(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