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Real Estate (Tables)
 9 Months Ended
Sep. 30, 2018
Real Estate [Abstract]  
Schedule of real estate assets
The Company's real estate assets were comprised of the following ($ in thousands):
 
Net Lease(1)
 
Operating
Properties
 
Total
As of September 30, 2018
 
 
 
 
 
Land, at cost
$
334,818

 
$
162,959

 
$
497,777

Buildings and improvements, at cost
1,511,844

 
227,672

 
1,739,516

Less: accumulated depreciation
(302,887
)
 
(40,617
)
 
(343,504
)
Real estate, net
1,543,775

 
350,014

 
1,893,789

Real estate available and held for sale (2)
7,289

 
54,260

 
61,549

Total real estate
$
1,551,064

 
$
404,274

 
$
1,955,338

As of December 31, 2017
 
 
 
 
 
Land, at cost
$
219,092

 
$
203,278

 
$
422,370

Buildings and improvements, at cost
888,959

 
318,107

 
1,207,066

Less: accumulated depreciation
(292,268
)
 
(55,137
)
 
(347,405
)
Real estate, net
815,783

 
466,248

 
1,282,031

Real estate available and held for sale (2)
—

 
68,588

 
68,588

Total real estate
$
815,783

 
$
534,836

 
$
1,350,619


_______________________________________________________________________________
(1)
On June 30, 2018, the Company consolidated the Net Lease Venture (refer to Note 7) and recorded $743.6 million to "Real estate, net" on the Company's consolidated balance sheet.
(2)
As of September 30, 2018 and December 31, 2017, the Company had $29.5 million and $48.5 million, respectively, of residential condominiums available for sale in its operating properties portfolio.
Schedule of income (loss) from discontinued operations
The transactions described above involving the Company's Ground Lease business qualified for discontinued operations and the following table summarizes income from discontinued operations for the nine months ended September 30, 2017 ($ in thousands)(1)(2):
Revenues
 
$
5,922

Expenses
 
(1,491
)
Income from sales of real estate
 
508

Income from discontinued operations
 
$
4,939

_______________________________________________________________________________
(1)
The transactions closed on April 14, 2017. Revenues primarily consisted of operating lease income and expenses primarily consisted of depreciation and amortization and real estate expense.
(2)
For the nine months ended September 30, 2017, cash flows provided by operating activities and cash flows used in investing activities from discontinued operations was $5.7 million and $0.5 million, respectively.
Schedule of other dispositions
The following table presents the net proceeds and income recognized for properties sold, by property type ($ in millions):
 
 
Nine Months Ended September 30,
 
 
2018
 
2017
Operating Properties
 
 
 
 
       Proceeds(1)
 
$
228.7

 
$
21.8

       Income from sales of real estate(1)
 
54.5

 
3.3

 
 
 
 
 
Net Lease
 
 
 
 
       Proceeds(2)
 
$
38.4

 
$
61.7

       Income from sales of real estate(2)
 
24.9

 
25.0

 
 
 
 
 
Total
 
 
 
 
       Proceeds
 
$
267.1

 
$
83.5

       Income from sales of real estate
 
79.4

 
28.3

_______________________________________________________________________________
(1)
During the nine months ended September 30, 2018, the Company sold six operating properties and recognized $54.5 million of gains in "Income from sales of real estate" in the Company's consolidated statements of operations, of which $9.8 million was attributable to a noncontrolling interest at one of the properties.
(2)
During the nine months ended September 30, 2018, the Company sold three net lease assets and recognized $24.9 million of gains in "Income from sales of real estate" in the Company's consolidated statements of operations.