Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2014
Fair Value Disclosures [Abstract]  
Schedule of Company's Financial Liabilities Accounted for at Fair Value on a Recurring Basis
The following table sets forth the Company’s financial liabilities that were accounted for at fair value on a recurring basis as of December 31, 2014 and 2013 (in thousands):
 
 
 
Fair Value Hierarchy Level
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
December 31, 2014
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
 
Interest rate swaps financial liabilities
$
(1,122
)
 
$
—

 
$
(1,122
)
 
$
—

December 31, 2013
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
 
Interest rate swaps financial liabilities
$
(792
)
 
$
—

 
$
(792
)
 
$
—
Schedule of Company's Assets Accounted for at Fair Value on a Nonrecurring Basis
The following table sets forth the Company’s assets that were accounted for at fair value on a nonrecurring basis as of December 31, 2014 and 2013 (in thousands):
 
 
 
 
 
Fair Value Hierarchy Level
 
Impairment
Charges
Description
Fair Value
 
Dispositions
 
Level 1
 
Level 2
 
Level 3
 
December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
Long-lived assets held and used
$
37,278

 
$
—

 
$
—

 
$
—

 
$
37,278

 
$
(20,679
)
Lease intangible assets
10,013

 
—

 
—

 
—

 
10,013

 
4,317

Long-lived assets held for sale
65,958

 
(26,721
)
 
—

 
—

 
92,679

 
(20,074
)
 
 
 
 
 
 
 
 
 
 
 
$
(36,436
)
December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
Lease intangible assets
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
(182
)
Long-lived assets held for sale
11,198

 
(26,832
)
 
—

 
—

 
38,030

 
(7,134
)
 
 
 
 
 
 
 
 
 
 
 
$
(7,316
)
Summary of Fair Value Information for Financial Instruments
The following table discloses fair value information for these financial instruments (in thousands): 
 
December 31, 2014
 
December 31, 2013
 
Carrying
Value
 
Estimated
Fair Value
 
Carrying
Value
 
Estimated
Fair Value
Loans receivable, net
$
109,425

 
$
115,747

 
$
117,721

 
$
131,587

Revolving credit facilities
15,181

 
15,254

 
35,120

 
34,911

Convertible Notes, net (1)
695,957

 
729,231

 
—

 
—

Mortgages and notes payable
3,658,496

 
3,899,950

 
3,743,098

 
3,892,621


(1) The carrying value of the Convertible Notes is net of an embedded conversion premium totaling $51.5 million.