| | | | | | | | | | Nine Months Ended September 30, | | 2014 | | 2013 | Supplemental Disclosures of Non-Cash Investing and Financing Activities: | (in thousands) | Distributions declared and unpaid | $ | (66,259 | ) | | $ | (50,194 | ) | Real estate properties acquired under 1031 exchange | 26,677 |
| | — |
| Real estate properties sold under 1031 exchange | (5,893 | ) | | — |
| Gross equity component of Convertible Notes | (56,740 | ) | | — |
| Net assets acquired in Merger in exchange for common stock | — |
| | 1,735,682 |
| Common stock registered in exchange for net assets acquired | — |
| | (2,025,736 | ) | Reduction of debt included in consideration on sale of certain real estate properties | 5,001 |
| | 149,156 |
| Reduction of debt, net of assets surrendered to lender | — |
| | 1,069 |
| Accrued interest capitalized to principal (1) | 997 |
| | — |
| Accrued performance share dividend rights | (420 | ) | | (73 | ) | Accrued deferred financing costs | — |
| | (1,057 | ) |
(1) Accrued and overdue interest on certain CMBS notes that have been intentionally placed in default. |