Investments (Tables)
 6 Months Ended
Jun. 30, 2014
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]  
Gross Real Estate and Loan Activity
During the six months ended June 30, 2014, the Company had the following gross real estate and loan activity:
 
Number of
Properties
Owned or
Financed
 
Dollar
Amount of
Investments (1)
 
 
 
(In Thousands)
Balance, December 31, 2013
2,186

 
$
7,235,732

Acquisitions/improvements
190

 
365,893

Dispositions of real estate(2) (Note 11)
(7
)
 
(16,498
)
Principal payments and payoffs
—

 
(3,136
)
Impairments
—

 
(28,847
)
Loan premium amortization and other
—

 
(4,045
)
Balance, June 30, 2014
2,369

 
$
7,549,099

(1) 
The dollar amount of investments includes the gross investment in land, buildings and lease intangibles, as adjusted for any impairment, related to properties owned and the carrying amount of loans receivable and real estate assets held under direct financing leases.
(2) The total accumulated depreciation and amortization associated with dispositions of real estate was $2.8 million for the six months ended June 30, 2014.
Operating Leases of Lessee Disclosure
Scheduled minimum future contractual rent to be received under the remaining non-cancelable term of operating leases at June 30, 2014 (in thousands):
Scheduled Future Rental Payments
June 30,
2014
Remainder of 2014
$
282,376

2015
557,731

2016
540,709

2017
525,579

2018
510,083

Thereafter
3,669,882

Total future minimum rentals
$
6,086,360
Schedule of Loans Receivable
The following table details loans receivable, net of premium, as of June 30, 2014 and December 31, 2013 (in thousands):
 
June 30,
2014
 
December 31,
2013
Mortgage - principal
$
99,203

 
$
102,315

Mortgage - premium
13,713

 
14,976

    Mortgages, net
112,916

 
117,291

Other notes - principal
405

 
430

Total loans receivable, net
$
113,321

 
$
117,721
Investments in Direct Financing Leases Schedule
The components of investment assets held under direct financing leases as of June 30, 2014 and December 31, 2013 were as follows (in thousands):
 
June 30,
2014
 
December 31,
2013
Minimum lease payments receivable
$
17,721

 
$
19,555

Estimated residual value of leased assets
55,858

 
57,739

Unearned income
(16,850
)
 
(18,534
)
Total
$
56,729

 
$
58,760
Activity in Real Estate Assets Held for Sale
The following table shows the activity in real estate assets held for sale for the six months ended June 30, 2014:
 
Number of
Properties
 
Carrying
Value
 
 
 
(In Thousands)
Balance, December 31, 2013
11

 
$
19,611

Transfers from real estate investments
6

 
29,290

Sales (Note 11)
(5
)
 
(7,946
)
Balance, June 30, 2014 (a)
12

 
$
40,955

(a) Includes six properties with a net carrying amount of $29.1 million in which its operating results are reported in continuing operations.
Real Estate Assets Held for Sale in Discontinued Operations
The following table is a reconciliation of the major classes of assets and liabilities from discontinued operations included in real estate assets held for sale on the condensed consolidated balance sheets as of June 30, 2014 and December 31, 2013 (in thousands):
 
June 30,
2014
 
December 31,
2013
Assets
 
 
 
Land and improvements
$
6,699

 
$
10,003

Buildings and improvements
7,460

 
14,178

Total real estate investments
14,159

 
24,181

Less: Accumulated depreciation
(2,613
)
 
(4,819
)
Intangible lease assets, net
567

 
697

  Other
228

 
—

Total assets
$
12,341

 
$
20,059

 
 
 
 
Liabilities
 
 
 
Intangible lease liabilities, net
$
448

 
$
448

Total liabilities
$
448

 
$
448

The results of discontinued operations for the three and six months ended June 30, 2014 and 2013, are summarized below (dollars in thousands): 
 
Three Months Ended
 
Six Months Ended
 
June 30, 2014
 
June 30, 2013
 
June 30, 2014
 
June 30, 2013
Revenues:
 
 
 
 
 
 
 
Rent
$
309

 
$
2,228

 
$
617

 
$
4,450

Non-cash rent
2

 
(143
)
 
(27
)
 
(125
)
    Other
33

 
7

 
2,950

 
7

Total revenues
344

 
2,092

 
3,540

 
4,332

Expenses:
 
 
 
 
 
 
 
General and administrative
9

 
7

 
12

 
16

Property costs
56

 
266

 
195

 
340

Interest
—

 
—

 
—

 
194

Depreciation and amortization
—

 
1,213

 
—

 
2,590

Impairments
—

 
1,786

 
—

 
3,889

Total expenses
65

 
3,272

 
207

 
7,029

Gain (loss) from discontinued operations before other income
279

 
(1,180
)
 
3,333

 
(2,697
)
Other income:
 
 
 
 
 
 
 
Gain on debt extinguishment
—

 
1,028

 
—

 
1,028

Other
—

 
22

 
—

 
45

Total other income
—

 
1,050

 
—

 
1,073

Income (loss) from discontinued operations
279

 
(130
)
 
3,333

 
(1,624
)
Gain (loss) on dispositions of assets
92

 
(191
)
 
85

 
(11
)
Total discontinued operations
$
371

 
$
(321
)
 
$
3,418

 
$
(1,635
)
 Number of properties disposed of during period (a)
3

 
4

 
5

 
10

 
 
 
 
 
 
 
 
(a) During the six months ended June 30, 2014, seven properties were sold, but only five of them were held for sale at December 31, 2013 and qualified for discontinued operations under ASU 2014-08.
Summary of Total Impairment Losses Recognized
The following table summarizes total impairment losses recognized for the three and six months ended June 30, 2014 and 2013 (in thousands): 
 
Three Months 
 Ended June 30,
 
Six Months 
 Ended June 30,
 
2014
 
2013
 
2014
 
2013
Real estate and intangible asset impairment
$
24,610

 
$
1,481

 
$
26,247

 
$
3,584

Write-off of lease intangibles due to lease terminations
2,529

 
487

 
2,599

 
487

Loans receivable recovery
—

 
(367
)
 
—

 
(367
)
Other impairment
488

 
—

 
488

 
—

Total impairment loss continuing and discontinued operations
$
27,627

 
$
1,601

 
$
29,334

 
$
3,704