CNL Lifestyle Properties (CLLY) Inactive 10-Q14 May 142014 Q1 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
Document and Entity Information	Mar. 31, 2014	6-May-14
Document Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Trading Symbol	'ck0001261159	'
Entity Registrant Name	'CNL LIFESTYLE PROPERTIES INC	'
Entity Central Index Key	'0001261159	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Non-accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	324,176,944

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012
Assets	'	'	'	'
Real estate investment properties, net (including $181,616 and $184,306 related to consolidated variable interest entities, respectively)	$1,758,850	$2,068,973	'	'
Assets held for sale, net	417,057	90,794	'	'
Investments in unconsolidated entities	133,638	132,324	'	'
Mortgages and other notes receivable, net	117,838	117,963	'	'
Cash	86,490	71,574	105,014	73,224
Deferred rent and lease incentives	56,469	57,378	'	'
Other assets	53,849	52,310	'	'
Restricted cash	49,154	51,335	'	'
Intangibles, net	27,105	36,922	'	'
Accounts and other receivables, net	18,338	21,080	'	'
Total Assets	2,718,788	2,700,653	'	'
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'	'	'
Mortgages and other notes payable (including $93,788 and $87,095 related to non-recourse debt of consolidated variable interest entities, respectively)	803,476	760,192	'	'
Senior notes, net of discount	394,502	394,419	'	'
Line of credit	50,000	50,000	'	'
Other liabilities	85,957	76,816	'	'
Accounts payable and accrued expenses	59,489	49,823	'	'
Due to affiliates	921	1,025	'	'
Total Liabilities	1,394,345	1,332,275	'	'
Commitments and contingencies (Note 14)	'	'	'	'
Stockholders' equity:	'	'	'	'
Preferred stock, $.01 par value per share 200 million shares authorized and unissued	'	'	'	'
Excess shares, $.01 par value per share 120 million shares authorized and unissued	'	'	'	'
Common stock, $.01 par value per share One billion shares authorized; 347,102 and 345,114 shares issued and 324,180 and 322,627 shares outstanding as of March 31, 2014 and December 31, 2013, respectively	3,242	3,226	'	'
Capital in excess of par value	2,856,898	2,846,265	'	'
Accumulated deficit	-422,338	-401,985	'	'
Accumulated distributions	-1,107,700	-1,073,422	'	'
Accumulated other comprehensive loss	-5,659	-5,706	'	'
Total Stockholders' Equity	1,324,443	1,368,378	'	1,711,431
Total Liabilities and Stockholders' Equity	$2,718,788	$2,700,653	'	'

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Real estate investment properties, net	$181,616	$184,306
Mortgages and other notes payable	$93,788	$87,095
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	200,000,000	200,000,000
Preferred stock, shares unissued	200,000,000	200,000,000
Excess shares, par value	$0.01	$0.01
Excess shares, shares authorized	120,000,000	120,000,000
Excess shares, shares unissued	120,000,000	120,000,000
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	347,102	345,114
Common stock, shares outstanding	324,180	322,627

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Revenues:	'		'
Rental income from operating leases	$42,854		$39,470
Property operating revenues	51,668		46,803
Interest income on mortgages and other notes receivable	3,133		3,419
Total revenues	97,655		89,692
Expenses:	'		'
Property operating expenses	51,004		47,252
Asset management fees to advisor	8,571	[1]	9,213	[1]
General and administrative	3,996		3,993
Ground lease and permit fees	3,643		4,002
Acquisition fees and costs	724		367
Other operating expenses	763		678
Bad debt expense	1,006		26
Depreciation and amortization	31,934		28,758
Total expenses	101,641		94,289
Operating income (loss)	-3,986		-4,597
Other income (expense):	'		'
Interest and other income	2		327
Interest expense and loan cost amortization	-19,060		-16,264
Equity in earnings (loss) of unconsolidated entities	4,299		-1,123
Total other income (expense)	-14,759		-17,060
Income (loss) from continuing operations	-18,745		-21,657
Loss from discontinued operations (includes $414 amortization of loss on termination of cash flow hedges for both periods presented)	-1,608		-1,642
Net income (loss)	($20,353)		($23,299)
Loss per share of common stock (basic and diluted)	'		'
Continuing operations	($0.06)		($0.07)
Discontinued operations	$0		$0
Loss per share	($0.06)		($0.07)
Weighted average number of shares of common stock outstanding (basic and diluted)	322,639		316,382

[1]	Amounts are recorded as asset management fees to advisor in the accompanying condensed consolidated statements of operations.

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Operations (Parenthetical) (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Amortization of loss on termination of cash flow hedges	$414	$414	$1,655

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements Of Comprehensive Losses (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Net loss	($20,353)	($23,299)	($252,539)
Other comprehensive income (loss):	'	'	'
Foreign currency translation adjustments	-689	-460	-1,563
Changes in fair value of cash flow hedges:	'	'	'
Amortization of loss on termination of cash flow hedges	414	414	1,655
Unrealized gain arising during the period	322	379	'
Total other comprehensive income	47	333	'
Total comprehensive loss	($20,306)	($22,966)	'

Condensed_Consolidated_Stateme3

Condensed Consolidated Statements of Stockholders' Equity (USD $)	Total	Common Stock	Capital in Excess of Par Value	Accumulate Deficit	Accumulated Distributions	Accumulated Other Comprehensive Income (Loss)
In Thousands	Total	Common Stock	Capital in Excess of Par Value	Accumulate Deficit	Accumulated Distributions	Accumulated Other Comprehensive Income (Loss)
Balance at Dec. 31, 2012	$1,711,431	$3,164	$2,803,346	($149,446)	($937,972)	($7,661)
Balance (in shares) at Dec. 31, 2012	'	316,371	'	'	'	'
Subscriptions received for common stock through distribution reinvestment plan (in shares)	'	7,901	'	'	'	'
Subscriptions received for common stock through distribution reinvestment plan	54,936	79	54,857	'	'	'
Redemption of common stock (in shares)	'	-1,645	'	'	'	'
Redemption of common stock	-11,955	-17	-11,938	'	'	'
Net loss	-252,539	'	'	-252,539	'	'
Distributions, declared and paid ($0.4252 per share for 2013 and 0.1063 per share for 2014)	-135,450	'	'	'	-135,450	'
Foreign currency translation adjustment	-1,563	'	'	'	'	-1,563
Amortization of loss on termination of cash flow hedges	1,655	'	'	'	'	1,655
Current period adjustment to recognize changes in fair value of cash flow hedges, net of reclassifications (Note 9)	1,863	'	'	'	'	1,863
Balance at Dec. 31, 2013	1,368,378	3,226	2,846,265	-401,985	-1,073,422	-5,706
Balance (in shares) at Dec. 31, 2013	'	322,627	'	'	'	'
Subscriptions received for common stock through distribution reinvestment plan (in shares)	'	1,988	'	'	'	'
Subscriptions received for common stock through distribution reinvestment plan	13,627	20	13,607	'	'	'
Redemption of common stock (in shares)	'	-435	'	'	'	'
Redemption of common stock	-2,978	-4	-2,974	'	'	'
Net loss	-20,353	'	'	-20,353	'	'
Distributions, declared and paid ($0.4252 per share for 2013 and 0.1063 per share for 2014)	-34,278	'	'	'	-34,278	'
Foreign currency translation adjustment	-689	'	'	'	'	-689
Amortization of loss on termination of cash flow hedges	414	'	'	'	'	414
Current period adjustment to recognize changes in fair value of cash flow hedges, net of reclassifications (Note 9)	322	'	'	'	'	322
Balance at Mar. 31, 2014	$1,324,443	$3,242	$2,856,898	($422,338)	($1,107,700)	($5,659)
Balance (in shares) at Mar. 31, 2014	'	324,180	'	'	'	'

Condensed_Consolidated_Stateme4

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Distributions, declared and paid	$0.11	$0.43

Condensed_Consolidated_Stateme5

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Operating activities:	'	'
Net cash provided by operating activities	$37,560	$48,644
Investing activities:	'	'
Acquistion of property	-15,250	'
Capital expenditures	-19,244	-15,478
Proceeds from sale of property	'	675
Deposits on real estate investments	-1,238	'
Return of collateral on loan	'	8,684
Issuance of mortgage loans receivable	'	-81
Changes in restricted cash	-3,503	-9,451
Other	98	100
Net cash provided by (used in) investing activities	-39,137	-15,551
Financing activities:	'	'
Redemptions of common stock	-2,978	-2,919
Distributions to stockholders, net of distributions reinvestments	-20,651	-19,897
Proceeds from mortgage loans and other notes payable	50,702	30,000
Principal payments on mortgage loans and senior notes	-6,817	-5,886
Principal payments on capital leases	-584	-1,947
Payments of entrance fee refunds	-1,030	'
Payment of loan costs	-2,140	-640
Net cash provided (used in) financing activities	16,502	-1,289
Effect of exchange rate fluctuations on cash	-9	-14
Net increase in cash	14,916	31,790
Cash at beginning of period	71,574	73,224
Cash at end of period	$86,490	$105,014

Organization_and_Nature_of_Bus

Organization and Nature of Business	3 Months Ended
	Mar. 31, 2014
Organization and Nature of Business	'
	1	Organization and Nature of Business:
	CNL Lifestyle Properties, Inc. (the “Company”), was organized in Maryland on August 11, 2003. The Company operates and has elected to be taxed as a real estate investment trust (a “REIT”) for federal income tax. Various wholly-owned subsidiaries have been and will be formed by the Company for the purpose of acquiring and owning direct or indirect interests in real estate. The Company generally invests in lifestyle properties in the United States that are primarily leased on a long-term (generally five to 20-years, plus multiple renewal options), triple-net or gross basis to tenants or operators that the Company considers to be industry leading. The Company also leases properties to taxable REIT subsidiary (“TRS”) tenants and engages independent third-party managers to operate those properties. In the event of certain tenant defaults, the Company has also engaged third-party managers to operate properties on its behalf until they are re-leased.
	As of March 31, 2014, the Company owned 145 lifestyle properties directly and indirectly within the following asset classes: ski and mountain lifestyle, golf facilities, senior housing, attractions, marinas and additional lifestyle properties. Eight of these 145 properties are owned through unconsolidated joint ventures and three are located in Canada. The Company raises capital through its distribution reinvestment plan (“DRP”) and uses such proceeds to make investments and for other corporate purposes. The Company may make selected asset dispositions and reinvest those proceeds in other income producing investment opportunities or other permitted investments in order to maximize the growth and value of its portfolio.
	In March 2014, the Company engaged Jefferies LLC, a leading global investment banking and advisory firm, to assist the Company’s management and its Board of Directors in actively evaluating various strategic alternatives to provide liquidity to the Company’s shareholders.

Significant_Accounting_Policie

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2014
Significant Accounting Policies	'
	2	Significant Accounting Policies:
	Principles of Consolidation and Basis of Presentation — The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and note disclosures required by generally accepted accounting principles in the United States (“GAAP”). The unaudited condensed consolidated financial statements reflect all normal recurring adjustments, which, in the opinion of management are necessary for the fair statement of the Company’s results for the interim period presented. Operating results for the three months ended March 31, 2014 may not be indicative of the results that may be expected for the year ending December 31, 2014. Amounts as of December 31, 2013 included in the unaudited condensed consolidated financial statements have been derived from audited consolidated financial statements as of that date but do not include all disclosures required by GAAP. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.
	The accompanying unaudited condensed consolidated financial statements include the Company’s accounts, the accounts of wholly owned subsidiaries or subsidiaries for which the Company has a controlling interest, the accounts of variable interest entities (“VIEs”) in which the Company is the primary beneficiary, and the accounts of other subsidiaries over which the Company has a controlling financial interest. All material intercompany accounts and transactions have been eliminated in consolidation.
	In accordance with the guidance for the consolidation of VIEs, the Company analyzes its variable interests, including loans, leases, guarantees, and equity investments, to determine if the entity in which it has a VIE. The Company’s analysis includes both quantitative and qualitative reviews. The Company bases its quantitative analysis on the forecasted cash flows of the entity and its qualitative analysis on its review of the design of the entity, its organizational structure including decision-making ability and financial agreements. The Company also uses its quantitative and qualitative analyses to determine if it is the primary beneficiary of the VIE, and if such determination is made, it includes the accounts of the VIE in its consolidated financial statements.
	Use of Estimates — The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements, the reported amounts of revenues and expenses during the reporting periods and the disclosure of contingent liabilities. For example, significant estimates and assumptions are made in connection with the allocation of purchase price and the analysis of real estate, equity method investments and impairments. Actual results could differ from those estimates.
	Reclassifications — Certain prior period amounts in the unaudited condensed consolidated financial statements have been reclassified to conform to the current period presentation with no effect on previously reported total assets and total liabilities, net loss or stockholders’ equity. The results of operations of the real estate properties that are classified as held for sale, along with properties sold during the period, are reflected in discontinued operations for all periods presented.
	Recent Accounting Pronouncements — In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.” This update changes the criteria for reporting discontinued operations where only disposals representing a strategic shift that have a major effect on the organization’s operations and financial results in operations should be presented as discontinued operations. If the disposal does qualify as a discontinued operation under ASU 2014-08, the entity will be required to provide expanded disclosures. The guidance will be applied prospectively to new disposals and new classifications of disposal groups held for sale after the effective date. ASU 2014-08 is effective for annual periods beginning on or after December 15, 2014 with early adoption permitted but only for disposals or classifications as held for sale which have not been reported in financial statements previously issued or available for issuance. The Company elected not to early adopt ASU 2014-08 and is currently evaluating the amendments of ASU 2014-08. These amendments are expected to impact the Company’s determinations of which future property disposals, if any, qualify as discontinued operations, as well as require additional disclosures about discontinued operations.
	In July 2013, the FASB issued ASU No. 2013-11, “Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a similar Tax Loss, or a Tax Credit Carryforward Exists.” This update clarified the guidance in subtopic 740 and requires entities to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward to the extent one is available. Effective January 1, 2014, the Company adopted this ASU. The adoption of this update did not have a material impact on the Company’s financial position, results of operations or cash flows.

Acquisition

Acquisition	3 Months Ended
	Mar. 31, 2014
Acquisition	'
	3	Acquisition:
	During the three months ended March 31, 2014, the Company acquired one senior housing property for approximately $15.3 million. The property is subject to long-term triple net lease with an initial term of 10 years with renewal options. This acquisition is not considered material to the Company, and as such no pro forma information has been included.

Real_Estate_Investment_Propert

Real Estate Investment Properties, net	3 Months Ended
Real Estate Investment Properties, net	Mar. 31, 2014
Real Estate Investment Properties, net	'
	4	Real Estate Investment Properties, net:
	As of March 31, 2014 and December 31, 2013, real estate investment properties consisted of the following (in thousands):


			March 31,			December 31,
			2014			2013
	Land and land improvements		$	620,666		$	904,409
	Leasehold interests and improvements			273,516			311,560
	Buildings			835,221			926,098
	Equipment			644,488			692,854
	Less: accumulated depreciation and amortization			(615,041	)		(765,948	)

			$	1,758,850		$	2,068,973

Assets_Held_for_Sale_net_and_D

Assets Held for Sale, net and Discontinued Operations	3 Months Ended
Assets Held for Sale, net and Discontinued Operations	Mar. 31, 2014
Assets Held for Sale, net and Discontinued Operations	'
	5	Assets Held for Sale, net and Discontinued Operations:
	Assets Held for Sale, net — As of December 31, 2013, the Company classified five properties as assets held for sale. During the three months ended March 31, 2014, the Company approved a plan to sell its golf portfolio, consisting of 48 properties, and one family entertainment center and classified those properties as assets held for sale. As of March 31, 2014, the Company classified 54 properties as assets held for sale. The following table presents the net carrying value of the properties classified as assets held for sale (in thousands):


			March 31,			December 31,
			2014			2013
	Real estate investment properties, net
	Land and land improvements		$	232,334		$	40,097
	Building and building improvements			150,721			47,989
	Equipment			16,103			2,708

				399,158			90,794
	Intangibles, net			8,501			—
	Accounts and other receivables, net			3,725			—
	Restricted cash			5,673			—

	Total		$	417,057		$	90,794

	Discontinued Operations — During the three months ended March 31, 2014, the Company recorded an additional impairment provision on one of its golf properties of approximately $3.3 million due to an updated estimate of fair value obtained from the potential buyer as a result of ongoing negotiations.
	The Company classified the revenues and expenses related to all real estate properties sold and all real estate properties considered as assets held for sale (excluding unimproved land), which were not accounted for under the equity method of accounting, as of March 31, 2014, as discontinued operations in the accompanying unaudited consolidated statements of operations. The following table is a summary of loss from discontinued operations for the three months ended March 31, 2014 and 2013 (in thousands):


			Three Months Ended
			March 31,
			2014			2013
	Revenues		$	17,758		$	17,429
	Expenses			(9,296	)		(9,694	)
	Depreciation and amortization			(4,925	)		(7,425	)
	Impairment provision			(3,314	)		—

	Operating income			223			310
	Other expense			(1,831	)		(1,952	)

	Loss from discontinued operations		$	(1,608	)	$	(1,642	)

Variable_Interest_and_Unconsol

Variable Interest and Unconsolidated Entities	3 Months Ended
Variable Interest and Unconsolidated Entities	Mar. 31, 2014
Variable Interest and Unconsolidated Entities	'
	6	Variable Interest and Unconsolidated Entities:
	Consolidated VIEs — The Company has four wholly-owned subsidiaries, designed as single property entities to own and lease their respective properties to single tenant operators, which are VIEs due to potential future buy-out options held by the respective tenants. Three tenants’ buy-out options are currently exercisable but they have not elected to do so. The fourth tenant’s buy-out option will be exercisable in July 2018. The four buy-out options expire between July 2020 through March 2030. In addition, two other entities that hold the properties in which service providers have a significant variable interest were also determined to be VIEs. The Company determined it is the primary beneficiary and holds a controlling financial interest in each of these entities due to the Company’s power to direct the activities that most significantly impact the economic performance of the entities, as well as its obligation to absorb the losses and its right to receive benefits from these entities that could potentially be significant to these entities. As such, the transactions and accounts of these VIEs are included in the accompanying unaudited condensed consolidated financial statements.
	The aggregate carrying amount and major classifications of the consolidated assets that can be used to settle obligations of the VIEs and liabilities of the consolidated VIEs that are non-recourse to the Company are as follows (in thousands):


			March 31,				December 31,
			2014				2013
	Assets
	Real estate investment properties, net		$	181,616			$	184,306
	Other assets		$	31,449			$	29,075
	Liabilities
	Mortgages and other notes payable		$	93,788			$	87,095
	Other liabilities		$	12,015			$	13,214
	The Company’s maximum exposure to loss as a result of its involvement with these VIEs is limited to its net investment in these entities, which totaled approximately $107.3 million and $113.1 million as of March 31, 2014 and December 31, 2013, respectively. The Company’s exposure is limited because of the non-recourse nature of the borrowings of the VIEs.
	Unconsolidated Entities —As of March 31, 2014, the Company holds ownership in two ventures, the DMC Partnership and the Intrawest Venture. Of these, the Intrawest Venture was deemed a VIE in which the Company is not the primary beneficiary. While several significant decisions are shared between the Company and its joint venture partner in the Intrawest Joint Venture, the Company does not direct the activities that most significantly impact the venture’s performance and has not consolidated the activities of the venture. The Company’s maximum exposure to loss as a result of its interest in the Intrawest Venture is limited to the carrying amount of its investment in the venture, which totaled approximately $26.6 million and $25.2 million as of March 31, 2014 and December 31, 2013, respectively.
	The Intrawest Venture is working with the Canada Revenue Authority to resolve matters related to one of its entities. The Intrawest Venture’s maximum exposure relating to these matters is approximately $14.6 million. However, the Intrawest Venture believes the more likely than not resolution will be approximately $1.3 million. As such, an accrual of $1.3 million has been reflected in the financial information of the Intrawest Venture.

	The following tables present financial information for the Company’s unconsolidated entities for the three months ended March 31, 2014 and 2013 (in thousands):
	Summarized operating data:


			Three Months Ended March 31, 2014
			DMC				Intrawest
			Partnership				Venture				Total
	Revenues		$	7,910			$	—			$	7,910
	Property operating expenses			(171	)			—				(171	)
	Depreciation and amortization			(2,202	)			—				(2,202	)
	Interest expense			(1,916	)			—				(1,916	)

	Income from continuing operations			3,621				—				3,621
	Discontinued operations (3)			—				1,266				1,266

	Net income		$	3,621			$	1,266			$	4,887

	Income (loss) allocable to other venture partners (1)		$	824			$	(397	)(2)		$	427

	Income allocable to the Company (1)		$	2,797			$	1,663			$	4,460
	Amortization of capitalized costs			(108	)			(53	)			(161	)

	Equity in earnings of unconsolidated entites		$	2,689			$	1,610			$	4,299

	Distribution declared to the Company		$	2,797			$	658			$	3,455

	Distributions received by the Company		$	2,859			$	261			$	3,120



			Three Months Ended March 31, 2013
			DMC				Intrawest				CNLSun I				CNLSun II				CNLSun III
			Partnership				Venture				Venture (4)				Venture (4)				Venture (4)				Total
	Revenues		$	7,452			$	—			$	35,173			$	9,633			$	10,835			$	63,093
	Property operating expenses			(160	)			—				(22,919	)			(8,889	)			(7,358	)			(39,326	)
	Depreciation and amortization			(2,298	)			—				(5,587	)			(1,108	)			(1,448	)			(10,441	)
	Interest expense			(1,971	)			—				(8,037	)			(1,155	)			(1,464	)			(12,627	)
	Interest and other income			2				—				12				—				—				14

	Income (loss) from continuing operations			3,025				—				(1,358	)			(1,519	)			565				713
	Discontinued operations (3)			—				944				—				—				—				944

	Net income (loss)		$	3,025			$	944			$	(1,358	)		$	(1,519	)		$	565			$	1,657

	Income (loss) allocable to other venture partners (1)		$	227			$	(396	)(2)		$	420			$	(463	)		$	1,872			$	1,660

Income (loss) allocable to the Company (1)		$	2,798			$	1,340			$	(1,778	)		$	(1,056	)		$	(1,307	)		$	(3	)
Amortization of capitalized costs			(108	)			(58	)			(653	)			(215	)			(86	)			(1,120	)

Equity in earnings (loss) of unconsolidated entities		$	2,690			$	1,282			$	(2,431	)		$	(1,271	)		$	(1,393	)		$	(1,123	)

Distribution declared to the Company		$	2,797			$	369			$	3,877			$	517			$	825			$	8,385

Distributions received by the Company		$	2,852			$	689			$	3,952			$	528			$	3,305			$	11,326


FOOTNOTES:

	(1)	Income (loss) is allocated between the Company and its partnership using the hypothetical liquidation book value (“HLBV”) method of accounting.
	(2)	This amount represents the venture partner’s portion of interest expense on a loan which the partners made to the venture. These amounts are treated as distributions for the purposes of the HLBV calculation.
	(3)	In connection with the proposed sale, the venture classified and included the results of operations from its seven properties as discontinued operations.
	(4)	In July 2013, the Company completed the sale of its interest in 42 senior housing properties held through the CNLSun I, CNLSun II and CNLSun III ventures.
As of March 31, 2014 and December 31, 2013, the Company’s share of partners’ capital determined under HLBV was approximately $126.0 million and $124.9 million, respectively, and the total difference between the carrying amount of the investment and the Company’s share of partners’ capital determined under HLBV was approximately $7.6 million and $7.4 million, respectively.

Mortgages_and_Other_Notes_Rece

Mortgages and Other Notes Receivable, net	3 Months Ended
	Mar. 31, 2014
Mortgages and Other Notes Receivable, net	'
	7	Mortgages and Other Notes Receivable, net:
	The estimated fair market value of the Company’s mortgages and other notes receivable was approximately $112.7 million and $112.2 million as of March 31, 2014 and December 31, 2013, respectively, based on discounted cash flows for each individual instrument based on market interest rates as of March 31, 2014 and December 31, 2013, respectively. Because this methodology includes inputs that are not observable by the public and are not necessarily reflected in active markets, the measurement of the estimated fair values related to the Company’s mortgage and other notes receivable is categorized as Level 3 on the three-level valuation hierarchy. The estimated fair value of accounts and other receivables approximates the carrying value as of March 31, 2014 and December 31, 2013 because of the relatively short maturities of the obligations.

Indebtedness

Indebtedness	3 Months Ended
	Mar. 31, 2014
Indebtedness	'
	8	Indebtedness:
	In February 2014, the Company obtained a $40.0 million loan with an existing third-party lender. The loan bears interest at 30-day LIBOR plus 3.50% with a 1.50% LIBOR floor and matures in April 2017. This is a supplement to one of the Company’s existing loans which is collateralized by six ski and mountain lifestyle properties of which one of the properties is a VIE due to a potential future buy-out option. See Footnote 6. “Variable Interest and Unconsolidated Entities” above for additional information. The other terms of the existing loan remain the same.
	As of March 31, 2014, certain of the Company’s loans require the Company to meet certain customary financial covenants and ratios including fixed charge coverage ratio, leverage ratio, interest coverage ratio, debt to total assets ratio and limitations on distributions. In addition, under the terms of the indenture governing our senior notes which place certain limitations on the Company and certain of its subsidiaries, cash distributions may not exceed 95% of the adjusted funds from operations as defined. The Company was in compliance with all applicable provisions as of March 31, 2014 except for one covenant where the debt is collateralized by a ski and mountain lifestyle property with an outstanding principal balance of $15.2 million as of March 31, 2014. This property, located in Southern California, experienced a decrease in net operating income due to lower revenues caused by significantly lower levels of snow experienced during the 2013/2014 ski season resulting in temporary non-compliance in one of its financial covenants. The lender has agreed to amend the loan agreement to remove the covenant requirements in exchange for the Company increasing the amount of its repayment guarantee. As of the date of this filing, the amendment was completed and the financial covenant was no longer applicable.

	The estimated fair values of mortgages and other notes payable and the line of credit were approximately $852.6 million and $803.7 million as of March 31, 2014 and December 31, 2013, respectively, based on rates and spreads the Company would expect to obtain for similar borrowings with similar loan terms. Because this methodology includes inputs that are less observable by the public and are not necessarily reflected in active markets, the measurement of the estimated fair values related to the Company’s mortgage notes payable is categorized as Level 3 on the three-level valuation hierarchy. The estimated fair values of the senior notes was approximately $418.2 million and $410.4 million as of March 31, 2014 and December 31, 2013, respectively, based on prices traded for similar or identical instruments in active or inactive markets and is categorized as level 2 on the three-level valuation hierarchy. The estimated fair value of accounts payable and accrued expenses approximates the carrying value as of March 31, 2014 and December 31, 2013 because of the relatively short maturities of the obligations.

Derivative_Instruments_and_Hed

Derivative Instruments and Hedging Activities	3 Months Ended
Derivative Instruments and Hedging Activities	Mar. 31, 2014
Derivative Instruments and Hedging Activities	'
	9	Derivative Instruments and Hedging Activities:
	The Company utilizes derivative instruments to offset partially the effect of fluctuating interest rates on the cash flows associated with its variable-rate debt. The Company follows established risk management policies and procedures in its use of derivatives and does not enter into or hold derivatives for trading or speculative purposes. The Company records all derivative instruments on its balance sheet at fair value. On the date the Company enters into a derivative contract, the derivative is designated as a hedge of the exposure to variable cash flows of a forecasted transaction. The effective portion of the derivative’s gain or loss is initially reported as a component of other comprehensive income (loss) and subsequently recognized in the statements of operations in the periods in which earnings are impacted by the variability of the cash flows of the hedged item. Any ineffective portion of the gain or loss is reflected in interest expense in the statements of operations.
	As of March 31, 2014, the Company had five interest rate swaps that were designated as cash flow hedges of interest payments from their inception. The fair value of the Company’s derivative financial instruments was included in other liabilities in the accompanying unaudited condensed consolidated balance sheets as of March 31, 2014 and December 31, 2013.
	The following table summarizes the gross and net amounts of the Company’s derivative financial instruments (in thousands):


				As of March 31, 2014								Gross Amounts Not Offset in
				As of March 31, 2014								the Balance Sheets
	Notional			Gross			Gross Amounts		Net Amounts of			Financial			Cash		Net Amount
	Amount of			Amounts of			Offset in the		Liabilities			Instruments			Collateral
	Cash Flow			Recognized			Balance		Presented in the
	Hedges			Liabilities			Sheets		Balance Sheets
	$	60,595		$	(1,574	)	$	—	$	(1,574	)	$	(1,574	)	$	—	$	(1,574	)
	$	8,662		$	(737	)	$	—	$	(737	)	$	(737	)	$	—	$	(737	)
	$	15,912	(1)	$	(164	)	$	—	$	(164	)	$	(164	)	$	—	$	(164	)
	$	15,225		$	(476	)	$	—	$	(476	)	$	(476	)	$	—	$	(476	)
	$	24,670		$	(412	)	$	—	$	(412	)	$	(412	)	$	—	$	(412	)

				As of December 31, 2013								Gross Amounts Not Offset in
				As of December 31, 2013								the Balance Sheets
	Notional			Gross			Gross Amounts		Net Amounts of			Financial			Cash		Net Amount
	Amount of			Amounts of			Offset in the		Liabilities			Instruments			Collateral
	Cash Flow			Recognized			Balance		Presented in the
	Hedges			Liabilities			Sheets		Balance Sheets
	$	61,042		$	(1,748	)	$	—	$	(1,748	)	$	(1,748	)	$	—	$	(1,748	)
	$	8,746		$	(743	)	$	—	$	(743	)	$	(743	)	$	—	$	(743	)
	$	16,603	(1)	$	(233	)	$	—	$	(233	)	$	(233	)	$	—	$	(233	)
	$	15,450		$	(524	)	$	—	$	(524	)	$	(524	)	$	—	$	(524	)
	$	24,811		$	(446	)	$	—	$	(446	)	$	(446	)	$	—	$	(446	)

	FOOTNOTE:

		(1)	The Company swapped the interest rate on its $20.0 million loan denominated in Canadian dollars to a fixed interest rate of 6.4%. The notional amount has been converted from Canadian dollars to U.S. dollars at an exchange rate of 0.90 and 0.94 Canadian dollars for $1.00 U.S. dollar on March 31, 2014 and December 31, 2013, respectively.
	As of March 31, 2014, the Company’s hedges qualified as highly effective and, accordingly, all of the change in value is reflected in other comprehensive income (loss). Determining fair value and testing effectiveness of these financial instruments requires management to make certain estimates and judgments. Changes in assumptions could have a positive or negative impact on the estimated fair values and measured effectiveness of such instruments could, in turn, impact the Company’s results of operations.

Fair_Value_Measurements

Fair Value Measurements	3 Months Ended
Fair Value Measurements	Mar. 31, 2014
Fair Value Measurements	'
	10	Fair Value Measurements:
	The Company had 54 investment properties that were classified as assets held for sale and carried at fair value less estimated costs to sell as of March 31, 2014. In addition, the Company had 48 investment properties carried at fair value less estimated costs to sell as of December 31, 2013. The level 3 unobservable inputs used in determining the fair value of the real estate properties include comparable sales transactions, information from potential buyers and management’s estimated cash flows over various holding periods, discounted using a range of estimated capitalization rates. The fair value of 53 properties, which approximates 98% of the assets held for sale as of March 31, 2014, was derived based upon information received from potential buyers.
	The Company’s derivative instruments are valued primarily based on inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, volatilities, and credit risks) and are classified as Level 2 in the fair value hierarchy. The valuation of derivative instruments also includes a credit value adjustment which is a Level 3 input. However, the impact of the assumption is not significant to its overall valuation calculation, and therefore the Company considers its derivative instruments to be classified as Level 2. The fair value of such instruments is included in other liabilities in the accompanying unaudited condensed consolidated balance sheets.
	The following tables show the fair value of the Company’s financial assets and liabilities carried at fair value as of March 31, 2014 and December 31, 2013, as follows (in thousands):


			Fair Value		Level 1		Level 2		Level 3
			Measurement
			as of
			March 31,
			2014
	Assets:
	Assets held for sale carried at fair value		$	417,057	$	—	$	—	$	417,057

	Liabilities:
	Derivative instruments		$	3,363	$	—	$	3,363	$	—



			Fair Value		Level 1		Level 2		Level 3
			Measurement
			as of
			December 31,
			2013
	Assets:
	Assets held for sale carried at fair value		$	90,794	$	—	$	—	$	90,794

	Real estate investment properties, net carried at fair value		$	304,703	$	—	$	—	$	304,703

	Liabilities:
	Derivative instruments		$	3,694	$	—	$	3,694	$	—

Related_Party_Arrangements

Related Party Arrangements	3 Months Ended
Related Party Arrangements	Mar. 31, 2014
Related Party Arrangements	'
	11	Related Party Arrangements:

	In March 2014, the Company’s Advisor amended its advisory agreement, effective April 1, 2014, to reduce all advisory fees, including the elimination of all acquisition fees on equity, performance fees, debt acquisition fees and disposition fees, and the reduction in the asset management fees to 0.075% monthly (or 0.90% annually) of invested assets. The Company’s Advisor will consider further reductions in the asset management fees if the Company has not materially begun to execute an exit event or events before April 1, 2015.

	For the three months ended March 31, 2014 and 2013, respectively, the Advisor and former advisor collectively earned fees and incurred reimbursable expenses as follows (in thousands):



			Three Months Ended
			March 31,
			2014		2013
	Acquisition fees:
	Acquisition fees from distribution reinvestment plan (1)		$	319	$	322
	Acquisition fees from debt proceeds (2)			1,521		234

	Total			1,840		556

	Asset management fees (3)			8,571		9,213

	Reimbursable expenses: (4)
	Acquisition costs (5)			77		67
	Operating expenses (6)			1,712		1,686

	Total			1,789		1,753

	Total fees earned and reimbursable expenses		$	12,200	$	11,522




	FOOTNOTES:


		(1)	Amounts are recorded as acquisition fees and costs in the accompanying condensed consolidated statements of operations.
		(2)	Amounts are recorded as loan costs and are included as part of other assets in the accompanying condensed consolidated balance sheets.
		(3)	Amounts are recorded as asset management fees to advisor in the accompanying condensed consolidated statements of operations.
		(4)	Amounts representing acquisition costs are recorded as part of acquisition fees and costs in the accompanying condensed consolidated statements of operations. Amounts representing operating expenses are recorded as part of general and administrative expenses in the accompanying condensed consolidated statements of operations.
		(5)	Includes approximately $0.01 million and $0.03 million for reimbursable expenses to the Advisor for services provided to the Company for its executive officers during the three months ended March 31, 2014 and 2013, respectively. The reimbursable expenses include components of salaries, benefits and other overhead charges.
		(6)	Includes approximately $0.09 million and $0.2 million for reimbursable expenses to the Advisor for services provided to the Company for its executive officers during the three months ended March 31, 2014 and 2013, respectively. The reimbursable expenses include components of salaries, benefits and other overhead charges.

	Amounts due to affiliates for fees and expenses described above are as follows (in thousands):



			March 31,		December 31,
			2014		2013
	Due to the Advisor and its affiliates:
	Operating expenses		$	569	$	671
	Acquisition fees and expenses			352		354

	Total		$	921	$	1,025


	The Company also maintains accounts at a bank in which the Company’s chairman serves as a director. The Company had deposits at that bank of approximately $12.0 million and $8.6 million as of March 31, 2014 and December 31, 2013, respectively.

Stockholders_Equity

Stockholders' Equity	3 Months Ended
Stockholders' Equity	Mar. 31, 2014
Stockholders' Equity	'
	12	Stockholders’ Equity:
	Distribution Reinvestment Plan — For the three months ended March 31, 2014, the Company received aggregate proceeds of approximately $13.6 million (representing 2.0 million shares) through its DRP.
	Distributions — For the three months ended March 31, 2014, the Company declared and paid distributions of approximately $34.3 million ($0.1063 per share).

	Redemption of Shares — The aggregate amount of funds under the redemption plan will be determined on a quarterly basis in the sole discretion of the Company’s board of directors, and may be less than but is not expected to exceed the aggregate proceeds from the Company’s DRP (subject to a $3.0 million cap which has been established by the Company’s board of directors).
	In March 2014, the Company’s Board approved a revised estimated net asset value (“NAV”) of $6.85 per share as of December 31, 2013 and redemptions were processed at that price effective March 2014. Prior to March 2014, the Company’s redemption plan provided for redemptions of its common stock at prices ranging between 92.5% and 100.0% of its current estimated NAV per share, depending on the length of time that the shares were owned. In March 2014, the Company’s Board approved the Fourth Amended and Restated Redemption Plan which discontinued the tiered redemption price structure and permitted shares that have been held for at least one year to be submitted for redemption at an amount equal to the Company’s NAV per share as of the redemption date. The following details the Company’s redemptions for the three months ended March 31, 2014 (in thousands, except per share data):


	Requests in queue			10,547
	Redemptions requested			778
	Shares redeemed:
	Prior period requests			(135	)
	Current period requests			(300	)
	Adjustments (1)			(92	)

	Pending redemption requests (2)			10,798

	Average price paid per share		$	6.85


	FOOTNOTES:

		(1)	This amount represents redemption request cancellations and other adjustments.
		(2)	Requests that are not fulfilled in whole during a particular quarter will be redeemed on a pro rata basis to the extent funds are made available pursuant to the redemption plan.

Supplemental_Condensed_Consoli

Supplemental Condensed Consolidating Financial Statements	3 Months Ended
Supplemental Condensed Consolidating Financial Statements	Mar. 31, 2014
Supplemental Condensed Consolidating Financial Statements	'
	13	Supplemental Condensed Consolidating Financial Statements:
	The Company had issued senior obligations which are guaranteed by certain of the Company’s consolidated subsidiaries (the “Guarantor Subsidiaries”). The guarantees are joint and several, full and unconditional.
	In June 2013, the Company revised the presentation of the changes in other comprehensive income (loss) to reflect those correctly as changes in both the Issuer and the Consolidating Adjustments columns, with a net zero impact to the Consolidated columns. The Company has determined that these revisions are not material to the related financial statements. The impact of these revisions (which had a net zero impact to the Consolidated column) are to increase (decrease) comprehensive income (loss) for the Issuer column and to reflect an off-setting (increase) decrease of the comprehensive income (loss) in the Consolidating Adjustments column as follows (in thousands):


	For the Three Months Ended:
	March 31, 2013, as reported		$	(23,299	)
	March 31, 2013, as revised		$	(22,966	)
	The following summarizes the Company’s unaudited condensed consolidating balance sheets as of March 31, 2014 and December 31, 2013, statement of operations, statement of comprehensive income (loss) and statement of cash flows for the three months ended March 31, 2014 and 2013 (in thousands):
	Condensed Consolidating Balance Sheet:


			As of March 31, 2014
							Guarantor				Non-Guarantor				Consolidating
			Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
	ASSETS
	Real estate investment properties, net		$	—			$	529,082			$	1,229,768			$	—			$	1,758,850
	Assets held for sale, net			—				335,430				81,627								417,057
	Investments in unconsolidated entities			—				133,638				—				—				133,638
	Investments in subsidiaries			1,672,356				1,260,550				1,967,720				(4,900,626	)			—
	Mortgages and other notes receivable, net			—				48,367				114,388				(44,917	)			117,838
	Cash			50,033				12,673				23,784				—				86,490
	Deferred rent and lease incentives			—				28,838				27,631				—				56,469
	Other assets			12,552				20,041				21,256				—				53,849
	Restricted cash			45				22,062				27,047				—				49,154
	Intangibles, net			—				9,453				17,652				—				27,105
	Accounts and other receivables, net			—				7,067				11,271				—				18,338

	Total Assets		$	1,734,986			$	2,407,201			$	3,522,144			$	(4,945,543	)		$	2,718,788

	LIABILITIES AND STOCKHOLDERS’ EQUITY

	Mortgages and other notes payable		$	—			$	281,892			$	564,724			$	(43,140	)		$	803,476
	Senior notes, net of discount			394,502				—				—				—				394,502
	Line of credit			—				50,000				—				—				50,000
	Other liabilities			—				38,823				47,134				—				85,957
	Accounts payable and accrued expenses			15,120				20,801				25,345				(1,777	)			59,489
	Due to affiliates			921				—				—				—				921

	Total Liabilities			410,543				391,516				637,203				(44,917	)			1,394,345

	Commitments and contingencies

	Stockholders’ equity:
	Preferred stock, $.01 par value per share							—				—				—				—
	Excess shares, $.01 par value per share			—				—				—				—				—
	Common stock, $.01 par value per share			3,242				—				—				—				3,242
	Capital in excess of par value			2,856,898				6,252,215				8,791,914				(15,044,129	)			2,856,898
	Accumulated earnings (deficit)			(422,338	)			58,239				5,333				(63,572	)			(422,338	)
	Accumulated distributions			(1,107,700	)			(4,294,769	)			(5,906,647	)			10,201,416				(1,107,700	)
	Accumulated other comprehensive loss			(5,659	)			—				(5,659	)			5,659				(5,659	)

				1,324,443				2,015,685				2,884,941				(4,900,626	)			1,324,443

	Total Liabilities and Stockholders’ Equity		$	1,734,986			$	2,407,201			$	3,522,144			$	(4,945,543	)		$	2,718,788


	Condensed Consolidating Balance Sheet:


			As of December 31, 2013
							Guarantor				Non-Guarantor				Consolidating
			Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
ASSETS
Real estate investment properties, net		$	—			$	846,914			$	1,222,059			$	—			$	2,068,973
Assets held for sale, net			—				6,106				84,688				—				90,794
Investments in unconsolidated entities			—				132,324				—				—				132,324
Investments in subsidiaries			1,726,328				1,150,443				1,865,714				(4,742,485	)			—
Mortgages and other notes receivable, net			—				45,947				114,469				(42,453	)			117,963
Cash			37,668				15,671				18,235				—				71,574
Deferred rent and lease incentives			—				29,839				27,539				—				57,378
Other assets			11,355				15,829				25,126				—				52,310
Restricted cash			33				26,595				24,707				—				51,335
Intangibles, net			—				18,094				18,828				—				36,922
Accounts and other receivables, net			—				12,241				8,839				—				21,080

Total Assets		$	1,775,384			$	2,300,003			$	3,410,204			$	(4,784,938	)		$	2,700,653

LIABILITIES AND STOCKHOLDERS’ EQUITY
Mortgages and other notes payable		$	—			$	246,295			$	555,433			$	(41,536	)		$	760,192
Senior notes, net of discount			394,419				—				—				—				394,419
Line of credit			—				50,000				—				—				50,000
Other liabilities			—				33,447				43,369				—				76,816
Accounts payable and accrued expenses			11,584				13,526				25,630				(917	)			49,823
Due to affiliates			1,003				8				14				—				1,025

Total Liabilities			407,006				343,276				624,446				(42,453	)			1,332,275

Commitments and contingencies
Stockholders’ equity:
Preferred stock, $.01 par value per share			—				—				—				—				—
Excess shares, $.01 par value per share			—				—				—				—				—
Common stock, $.01 par value per share			3,226				—				—				—				3,226
Capital in excess of par value			2,846,265				6,027,607				8,700,131				(14,727,738	)			2,846,265
Accumulated earnings (deficit)			(401,985	)			58,777				9,853				(68,630	)			(401,985	)
Accumulated distributions			(1,073,422	)			(4,129,657	)			(5,918,520	)			10,048,177				(1,073,422	)
Accumulated other comprehensive loss			(5,706	)			—				(5,706	)			5,706				(5,706	)

			1,368,378				1,956,727				2,785,758				(4,742,485	)			1,368,378

Total Liabilities and Stockholders’ Equity		$	1,775,384			$	2,300,003			$	3,410,204			$	(4,784,938	)		$	2,700,653

Condensed Consolidating Statement of Operations:


		For the Three Months Ended March 31, 2014
						Guarantor				Non-Guarantor				Consolidating
		Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
Revenues:
Rental income from operating leases		$	—			$	16,168			$	26,686			$	—			$	42,854
Property operating revenues			—				3,191				48,477				—				51,668
Interest income on mortgages and other notes receivable			—				1,185				3,060				(1,112	)			3,133

Total revenues			—				20,544				78,223				(1,112	)			97,655

Expenses:
Property operating expenses			—				8,394				42,610				—				51,004
Asset management fees to advisor			8,571				—				—				—				8,571
General and administrative			3,378				225				393				—				3,996
Ground lease and permit fees			—				1,898				1,745				—				3,643
Acquisition fees and costs			724				—				—				—				724
Other operating expenses			11				208				544				—				763
Bad debt expense			—				—				1,006				—				1,006
Depreciation and amortization			—				9,842				22,092				—				31,934

Total expenses			12,684				20,567				68,390				—				101,641

Operating income (loss)			(12,684	)			(23	)			9,833				(1,112	)			(3,986	)

Other income (expense):
Interest and other income (expense)			7				82				(87	)			—				2
Interest expense and loan cost amortization (includes $414 loss on termination of cash flow hedges)			(7,903	)			(3,722	)			(8,547	)			1,112				(19,060	)
Equity in earnings of unconsolidated entities			—				4,299				—				—				4,299
Equity in earnings (loss), intercompany			227				1,117				(6,402	)			5,058				—

Total other income (expense)			(7,669	)			1,776				(15,036	)			6,170				(14,759	)

Income (loss) from continuing operations			(20,353	)			1,753				(5,203	)			5,058				(18,745	)
Discontinued operations			—				(2,291	)			683				—				(1,608	)

Net income (loss)		$	(20,353	)		$	(538	)		$	(4,520	)		$	5,058			$	(20,353	)


Condensed Consolidating Statement of Operations:


		For the Three Months Ended March 31, 2013
						Guarantor				Non-Guarantor				Consolidating
		Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
Revenues:
Rental income from operating leases		$	—			$	18,659			$	20,811			$	—			$	39,470
Property operating revenues			—				472				46,331				—				46,803
Interest income on mortgages and other notes receivable			—				1,041				3,345				(967	)			3,419

Total revenues			—				20,172				70,487				(967	)			89,692

Expenses:
Property operating expenses			—				6,568				40,684				—				47,252
Asset management fees to advisor			9,213				—				—				—				9,213
General and administrative			3,499				92				402				—				3,993
Ground lease and permit fees			—				2,112				1,890				—				4,002
Acquisition fees and costs			367				—				—				—				367
Other operating expenses			174				—				504				—				678
Bad debt expense			—				16				10				—				26
Depreciation and amortization			—				9,651				19,107				—				28,758

Total expenses			13,253				18,439				62,597				—				94,289

Operating income (loss)			(13,253	)			1,733				7,890				(967	)			(4,597	)

Other income (expense):
Interest and other income (expense)			5				355				(33	)			—				327
Interest expense and loan cost amortization (includes $414 loss on termination of cash flow hedges)			(7,857	)			(3,588	)			(5,786	)			967				(16,264	)
Equity in earnings of unconsolidated entities			—				(1,123	)			—				—				(1,123	)
Equity in earnings (loss), intercompany			(2,194	)			2,638				(2,632	)			2,188				—

Total other income (expense)			(10,046	)			(1,718	)			(8,451	)			3,155				(17,060	)

Income (loss) from continuing operations			(23,299	)			15				(561	)			2,188				(21,657	)
Discontinued operations			—				(1,343	)			(299	)			—				(1,642	)

Net income (loss)		$	(23,299	)		$	(1,328	)		$	(860	)		$	2,188			$	(23,299	)


Condensed Consolidating Statement of Other Comprehensive Income (Loss):


		For the Three Months Ended March 31, 2014
						Guarantor				Non-Guarantor				Consolidating
		Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
Net income (loss)		$	(20,353	)		$	(538	)		$	(4,520	)		$	5,058			$	(20,353	)

Other comprehensive income (loss):
Foreign currency translation adjustments			(689	)			—				(689	)			689				(689	)
Changes in fair value of cash flow hedges:
Amortization of loss on termination of cash flow hedges			414				—				414				(414	)			414
Unrealized gain arising during the period			322				—				322				(322	)			322

Total other comprehensive income			47				—				47				(47	)			47

Comprehensive income (loss)		$	(20,306	)		$	(538	)		$	(4,473	)		$	5,011			$	(20,306	)



		For the Three Months Ended March 31, 2013
						Guarantor				Non-Guarantor				Consolidating
		Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
Net income (loss)		$	(23,299	)		$	(1,328	)		$	(860	)		$	2,188			$	(23,299	)

Other comprehensive income (loss):
Foreign currency translation adjustments			(460	)			—				(460	)			460				(460	)
Changes in fair value of cash flow hedges:
Amortization of loss on termination of cash flow hedges			414				—				414				(414	)			414
Unrealized gain arising during the period			379				—				379				(379	)			379

Total other comprehensive income			333				—				333				(333	)			333

Comprehensive income (loss)		$	(22,966	)		$	(1,328	)		$	(527	)		$	1,855			$	(22,966	)


Condensed Consolidating Statement of Cash Flows:


		For the Three Months Ended March 31, 2014
						Guarantor				Non-Guarantor				Consolidating
		Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
Operating activities:
Net cash provided by (used in) operating activities		$	(17,264	)		$	23,527			$	31,297			$	—			$	37,560

Investing activities:
Acquistion of property			—				—				(15,250	)			—				(15,250	)
Capital expenditures			—				(8,714	)			(10,530	)			—				(19,244	)
Deposits on real estate investments			(1,238	)			—				—				—				(1,238	)
Changes in restricted cash			(12	)			298				(3,789	)			—				(3,503	)
Other			—				17				81				—				98
Intercompany investing			54,508				—				—				(54,508	)			—

Net cash provided by (used in) investing activities			53,258				(8,399	)			(29,488	)			(54,508	)			(39,137	)

Financing activities:
Redemptions of common stock			(2,978	)			—				—				—				(2,978	)
Distributions to stockholders, net of reinvestments			(20,651	)			—				—				—				(20,651	)
Proceeds from mortgage loans and other notes payable			—				40,000				10,702				—				50,702
Principal payments on mortgage loans and senior notes			—				(4,403	)			(2,414	)			—				(6,817	)
Principal payments on capital leases			—				(261	)			(323	)			—				(584	)
Payment of entrance fee refunds			—				—				(1,030	)			—				(1,030	)
Payment of loan costs			—				(2,103	)			(37	)			—				(2,140	)
Intercompany financing			—				(51,359	)			(3,149	)			54,508				—

Net cash provided by (used in) financing activities			(23,629	)			(18,126	)			3,749				54,508				16,502

Effect of exchange rate fluctuation on cash			—				—				(9	)			—				(9	)

Net increase (decrease) in cash			12,365				(2,998	)			5,549				—				14,916
Cash at beginning of period			37,668				15,671				18,235				—				71,574

Cash at end of period		$	50,033			$	12,673			$	23,784			$	—			$	86,490


Condensed Consolidating Statement of Cash Flows:


		For the Three Months Ended March 31, 2013
		Issuer				Guarantor				Non-Guarantor				Consolidating				Consolidated
		Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
Operating activities:
Net cash provided by (used in) operating activities		$	(13,549	)		$	30,967			$	31,226			$	—			$	48,644

Investing activities:
Capital expenditures			—				(5,431	)			(10,047	)			—				(15,478	)
Proceeds from sale of prperty			—				1,000				(325	)			—				675
Return collateral on loan			—				—				8,684				—				8,684
Issuance of mortgage loans receivable			—				—				(81	)			—				(81	)
Changes in restricted cash			(11	)			(6,337	)			(3,103	)			—				(9,451	)
Other			—				15				85								100
Intercompany investing			70,384				—				—				(70,384	)			—

Net cash provided by (used in) investing activities			70,373				(10,753	)			(4,787	)			(70,384	)			(15,551	)

Financing activities:
Redemptions of common stock			(2,919	)			—				—				—				(2,919	)
Distributions to stockholders, net of reinvestments			(19,897	)			—				—				—				(19,897	)
Proceeds from mortgage loans and other notes payable			—				—				30,000				—				30,000
Principal payments on mortgage loans and senior notes			—				(3,140	)			(2,746	)			—				(5,886	)
Principal payments on capital leases			—				(1,284	)			(663	)			—				(1,947	)
Payment of loan costs			—				—				(640	)			—				(640	)
Intercompany financing			—				(19,862	)			(50,522	)			70,384				—

Net cash provided by (used in) financing activities			(22,816	)			(24,286	)			(24,571	)			70,384				(1,289	)

Effect of exchange rate fluctuation on cash			—				—				(14	)			—				(14	)

Net increase (decrease) in cash			34,008				(4,072	)			1,854				—				31,790
Cash at beginning of period			39,219				14,125				19,880				—				73,224

Cash at end of period		$	73,227			$	10,053			$	21,734			$	—			$	105,014

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies	'
	14	Commitments and Contingencies:
	From time to time the Company may be exposed to litigation arising from operations of its business in the ordinary course of business. Management is not aware of any litigation that it believes will have a material adverse impact on the Company’s financial condition or results of operations.

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2014
Subsequent Events	'
	15	Subsequent Events:
	In April 2014, the Company foreclosed on an attractions property that served as collateral on one of its loans. The net carrying value of the collateral of approximately $7.9 million approximated the carrying value of the loan.
	In April 2014, the Company completed the transition of four leased marinas properties to a third-party manager. In connection with the transition, the Company did not incur any loss on lease terminations.
	On May 2, 2014, the Company filed a registration statement on Form S-3 with the Securities and Exchange Commission for the purpose of registering an additional 20 million shares of its common stock to be offered for sale pursuant to the DRP. The Company will offer shares pursuant to the DRP until the earlier of May 2, 2017 or the date that the Company sells all of the shares registered, unless the offering is extended or terminated by its board of directors.

Significant_Accounting_Policie1

Significant Accounting Policies (Policies)	3 Months Ended
Significant Accounting Policies (Policies)	Mar. 31, 2014
Principles of Consolidation and Basis of Presentation	'
	Principles of Consolidation and Basis of Presentation — The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and note disclosures required by generally accepted accounting principles in the United States (“GAAP”). The unaudited condensed consolidated financial statements reflect all normal recurring adjustments, which, in the opinion of management are necessary for the fair statement of the Company’s results for the interim period presented. Operating results for the three months ended March 31, 2014 may not be indicative of the results that may be expected for the year ending December 31, 2014. Amounts as of December 31, 2013 included in the unaudited condensed consolidated financial statements have been derived from audited consolidated financial statements as of that date but do not include all disclosures required by GAAP. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.
	The accompanying unaudited condensed consolidated financial statements include the Company’s accounts, the accounts of wholly owned subsidiaries or subsidiaries for which the Company has a controlling interest, the accounts of variable interest entities (“VIEs”) in which the Company is the primary beneficiary, and the accounts of other subsidiaries over which the Company has a controlling financial interest. All material intercompany accounts and transactions have been eliminated in consolidation.
	In accordance with the guidance for the consolidation of VIEs, the Company analyzes its variable interests, including loans, leases, guarantees, and equity investments, to determine if the entity in which it has a VIE. The Company’s analysis includes both quantitative and qualitative reviews. The Company bases its quantitative analysis on the forecasted cash flows of the entity and its qualitative analysis on its review of the design of the entity, its organizational structure including decision-making ability and financial agreements. The Company also uses its quantitative and qualitative analyses to determine if it is the primary beneficiary of the VIE, and if such determination is made, it includes the accounts of the VIE in its consolidated financial statements.
Use of Estimates	'
Use of Estimates	Use of Estimates — The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements, the reported amounts of revenues and expenses during the reporting periods and the disclosure of contingent liabilities. For example, significant estimates and assumptions are made in connection with the allocation of purchase price and the analysis of real estate, equity method investments and impairments. Actual results could differ from those estimates.
Reclassifications	'
Reclassifications	Reclassifications — Certain prior period amounts in the unaudited condensed consolidated financial statements have been reclassified to conform to the current period presentation with no effect on previously reported total assets and total liabilities, net loss or stockholders’ equity. The results of operations of the real estate properties that are classified as held for sale, along with properties sold during the period, are reflected in discontinued operations for all periods presented.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements — In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.” This update changes the criteria for reporting discontinued operations where only disposals representing a strategic shift that have a major effect on the organization’s operations and financial results in operations should be presented as discontinued operations. If the disposal does qualify as a discontinued operation under ASU 2014-08, the entity will be required to provide expanded disclosures. The guidance will be applied prospectively to new disposals and new classifications of disposal groups held for sale after the effective date. ASU 2014-08 is effective for annual periods beginning on or after December 15, 2014 with early adoption permitted but only for disposals or classifications as held for sale which have not been reported in financial statements previously issued or available for issuance. The Company elected not to early adopt ASU 2014-08 and is currently evaluating the amendments of ASU 2014-08. These amendments are expected to impact the Company’s determinations of which future property disposals, if any, qualify as discontinued operations, as well as require additional disclosures about discontinued operations.
	In July 2013, the FASB issued ASU No. 2013-11, “Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a similar Tax Loss, or a Tax Credit Carryforward Exists.” This update clarified the guidance in subtopic 740 and requires entities to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward to the extent one is available. Effective January 1, 2014, the Company adopted this ASU. The adoption of this update did not have a material impact on the Company’s financial position, results of operations or cash flows.

Real_Estate_Investment_Propert1

Real Estate Investment Properties, net (Tables)	3 Months Ended
Real Estate Investment Properties, net (Tables)	Mar. 31, 2014
Schedule of Real Estate Investment Properties	'
	As of March 31, 2014 and December 31, 2013, real estate investment properties consisted of the following (in thousands):


		March 31,			December 31,
		2014			2013
	Land and land improvements	$	620,666		$	904,409
	Leasehold interests and improvements		273,516			311,560
	Buildings		835,221			926,098
	Equipment		644,488			692,854
	Less: accumulated depreciation and amortization		(615,041	)		(765,948	)

		$	1,758,850		$	2,068,973

Assets_Held_for_Sale_net_and_D1

Assets Held for Sale, net and Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2014
Net Carrying Value of Assets Held for Sale	'
	The following table presents the net carrying value of the properties classified as assets held for sale (in thousands):


		March 31,			December 31,
		2014			2013
	Real estate investment properties, net
	Land and land improvements	$	232,334		$	40,097
	Building and building improvements		150,721			47,989
	Equipment		16,103			2,708

			399,158			90,794
	Intangibles, net		8,501			—
	Accounts and other receivables, net		3,725			—
	Restricted cash		5,673			—

	Total	$	417,057		$	90,794

Summary of Loss from Discontinued Operations	'
	The following table is a summary of loss from discontinued operations for the three months ended March 31, 2014 and 2013 (in thousands):


		Three Months Ended
		March 31,
		2014			2013
	Revenues	$	17,758		$	17,429
	Expenses		(9,296	)		(9,694	)
	Depreciation and amortization		(4,925	)		(7,425	)
	Impairment provision		(3,314	)		—

	Operating income		223			310
	Other expense		(1,831	)		(1,952	)

	Loss from discontinued operations	$	(1,608	)	$	(1,642	)

Variable_Interest_and_Unconsol1

Variable Interest and Unconsolidated Entities (Tables)	3 Months Ended
Variable Interest and Unconsolidated Entities (Tables)	Mar. 31, 2014
Aggregate Carrying Amount and Major Classifications of Consolidated Assets and Liabilities	'
	The aggregate carrying amount and major classifications of the consolidated assets that can be used to settle obligations of the VIEs and liabilities of the consolidated VIEs that are non-recourse to the Company are as follows (in thousands):


			March 31,			December 31,
			2014			2013
	Assets
	Real estate investment properties, net		$	181,616		$	184,306
	Other assets		$	31,449		$	29,075
	Liabilities
	Mortgages and other notes payable		$	93,788		$	87,095
	Other liabilities		$	12,015		$	13,214
Summarized Operating Data of Unconsolidated Entities	'
	The following tables present financial information for the Company’s unconsolidated entities for the three months ended March 31, 2014 and 2013 (in thousands):
	Summarized operating data:


			Three Months Ended March 31, 2014
			DMC			Intrawest
			Partnership			Venture			Total
	Revenues		$	7,910		$	—		$	7,910
	Property operating expenses			(171	)		—			(171	)
	Depreciation and amortization			(2,202	)		—			(2,202	)
	Interest expense			(1,916	)		—			(1,916	)

	Income from continuing operations			3,621			—			3,621
	Discontinued operations (3)			—			1,266			1,266

	Net income		$	3,621		$	1,266		$	4,887

	Income (loss) allocable to other venture partners (1)		$	824		$	(397	)(2)	$	427

	Income allocable to the Company (1)		$	2,797		$	1,663		$	4,460
	Amortization of capitalized costs			(108	)		(53	)		(161	)

	Equity in earnings of unconsolidated entites		$	2,689		$	1,610		$	4,299

	Distribution declared to the Company		$	2,797		$	658		$	3,455

	Distributions received by the Company		$	2,859		$	261		$	3,120



			Three Months Ended March 31, 2013
			DMC			Intrawest			CNLSun I			CNLSun II			CNLSun III
			Partnership			Venture			Venture (4)			Venture (4)			Venture (4)			Total
	Revenues		$	7,452		$	—		$	35,173		$	9,633		$	10,835		$	63,093
	Property operating expenses			(160	)		—			(22,919	)		(8,889	)		(7,358	)		(39,326	)
	Depreciation and amortization			(2,298	)		—			(5,587	)		(1,108	)		(1,448	)		(10,441	)
	Interest expense			(1,971	)		—			(8,037	)		(1,155	)		(1,464	)		(12,627	)
	Interest and other income			2			—			12			—			—			14

	Income (loss) from continuing operations			3,025			—			(1,358	)		(1,519	)		565			713
	Discontinued operations (3)			—			944			—			—			—			944

	Net income (loss)		$	3,025		$	944		$	(1,358	)	$	(1,519	)	$	565		$	1,657

	Income (loss) allocable to other venture partners (1)		$	227		$	(396	)(2)	$	420		$	(463	)	$	1,872		$	1,660

	Income (loss) allocable to the Company (1)		$	2,798		$	1,340		$	(1,778	)	$	(1,056	)	$	(1,307	)	$	(3	)
	Amortization of capitalized costs			(108	)		(58	)		(653	)		(215	)		(86	)		(1,120	)

	Equity in earnings (loss) of unconsolidated entities		$	2,690		$	1,282		$	(2,431	)	$	(1,271	)	$	(1,393	)	$	(1,123	)

	Distribution declared to the Company		$	2,797		$	369		$	3,877		$	517		$	825		$	8,385

	Distributions received by the Company		$	2,852		$	689		$	3,952		$	528		$	3,305		$	11,326


	FOOTNOTES:

		(1)	Income (loss) is allocated between the Company and its partnership using the hypothetical liquidation book value (“HLBV”) method of accounting.
		(2)	This amount represents the venture partner’s portion of interest expense on a loan which the partners made to the venture. These amounts are treated as distributions for the purposes of the HLBV calculation.
		(3)	In connection with the proposed sale, the venture classified and included the results of operations from its seven properties as discontinued operations.
		(4)	In July 2013, the Company completed the sale of its interest in 42 senior housing properties held through the CNLSun I, CNLSun II and CNLSun III ventures.

Derivative_Instruments_and_Hed1

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
Derivative Instruments and Hedging Activities (Tables)	Mar. 31, 2014
Summary of Terms and Fair Values of Derivative Financial Instruments	'
	The following table summarizes the gross and net amounts of the Company’s derivative financial instruments (in thousands):


				As of March 31, 2014								Gross Amounts Not Offset in
				As of March 31, 2014								the Balance Sheets
	Notional			Gross			Gross Amounts		Net Amounts of			Financial			Cash		Net Amount
	Amount of			Amounts of			Offset in the		Liabilities			Instruments			Collateral
	Cash Flow			Recognized			Balance		Presented in the
	Hedges			Liabilities			Sheets		Balance Sheets
	$	60,595		$	(1,574	)	$	—	$	(1,574	)	$	(1,574	)	$	—	$	(1,574	)
	$	8,662		$	(737	)	$	—	$	(737	)	$	(737	)	$	—	$	(737	)
	$	15,912	(1)	$	(164	)	$	—	$	(164	)	$	(164	)	$	—	$	(164	)
	$	15,225		$	(476	)	$	—	$	(476	)	$	(476	)	$	—	$	(476	)
	$	24,670		$	(412	)	$	—	$	(412	)	$	(412	)	$	—	$	(412	)

				As of December 31, 2013								Gross Amounts Not Offset in
				As of December 31, 2013								the Balance Sheets
	Notional			Gross			Gross Amounts		Net Amounts of			Financial			Cash		Net Amount
	Amount of			Amounts of			Offset in the		Liabilities			Instruments			Collateral
	Cash Flow			Recognized			Balance		Presented in the
	Hedges			Liabilities			Sheets		Balance Sheets
	$	61,042		$	(1,748	)	$	—	$	(1,748	)	$	(1,748	)	$	—	$	(1,748	)
	$	8,746		$	(743	)	$	—	$	(743	)	$	(743	)	$	—	$	(743	)
	$	16,603	(1)	$	(233	)	$	—	$	(233	)	$	(233	)	$	—	$	(233	)
	$	15,450		$	(524	)	$	—	$	(524	)	$	(524	)	$	—	$	(524	)
	$	24,811		$	(446	)	$	—	$	(446	)	$	(446	)	$	—	$	(446	)

	FOOTNOTE:

		(1)	The Company swapped the interest rate on its $20.0 million loan denominated in Canadian dollars to a fixed interest rate of 6.4%. The notional amount has been converted from Canadian dollars to U.S. dollars at an exchange rate of 0.90 and 0.94 Canadian dollars for $1.00 U.S. dollar on March 31, 2014 and December 31, 2013, respectively.

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	3 Months Ended
Fair Value Measurements (Tables)	Mar. 31, 2014
Fair Value of Financial Assets and Liabilities Carried at Fair Value	'
	The following tables show the fair value of the Company’s financial assets and liabilities carried at fair value as of March 31, 2014 and December 31, 2013, as follows (in thousands):


		Fair Value		Level 1		Level 2		Level 3
		Measurement
		as of
		March 31,
		2014
	Assets:
	Assets held for sale carried at fair value	$	417,057	$	—	$	—	$	417,057

	Liabilities:
	Derivative instruments	$	3,363	$	—	$	3,363	$	—



		Fair Value		Level 1		Level 2		Level 3
		Measurement
		as of
		December 31,
		2013
	Assets:
	Assets held for sale carried at fair value	$	90,794	$	—	$	—	$	90,794

	Real estate investment properties, net carried at fair value	$	304,703	$	—	$	—	$	304,703

	Liabilities:
	Derivative instruments	$	3,694	$	—	$	3,694	$	—

Related_Party_Arrangements_Tab

Related Party Arrangements (Tables)	3 Months Ended
Related Party Arrangements (Tables)	Mar. 31, 2014
Earned Acquisition Fees and Incurred Reimbursable Expenses	'

	For the three months ended March 31, 2014 and 2013, respectively, the Advisor and former advisor collectively earned fees and incurred reimbursable expenses as follows (in thousands):



			Three Months Ended
			March 31,
			2014		2013
	Acquisition fees:
	Acquisition fees from distribution reinvestment plan (1)		$	319	$	322
	Acquisition fees from debt proceeds (2)			1,521		234

	Total			1,840		556

	Asset management fees (3)			8,571		9,213

	Reimbursable expenses: (4)
	Acquisition costs (5)			77		67
	Operating expenses (6)			1,712		1,686

	Total			1,789		1,753

	Total fees earned and reimbursable expenses		$	12,200	$	11,522




	FOOTNOTES:


		(1)	Amounts are recorded as acquisition fees and costs in the accompanying condensed consolidated statements of operations.
		(2)	Amounts are recorded as loan costs and are included as part of other assets in the accompanying condensed consolidated balance sheets.
		(3)	Amounts are recorded as asset management fees to advisor in the accompanying condensed consolidated statements of operations.
		(4)	Amounts representing acquisition costs are recorded as part of acquisition fees and costs in the accompanying condensed consolidated statements of operations. Amounts representing operating expenses are recorded as part of general and administrative expenses in the accompanying condensed consolidated statements of operations.
		(5)	Includes approximately $0.01 million and $0.03 million for reimbursable expenses to the Advisor for services provided to the Company for its executive officers during the three months ended March 31, 2014 and 2013, respectively. The reimbursable expenses include components of salaries, benefits and other overhead charges.
		(6)	Includes approximately $0.09 million and $0.2 million for reimbursable expenses to the Advisor for services provided to the Company for its executive officers during the three months ended March 31, 2014 and 2013, respectively. The reimbursable expenses include components of salaries, benefits and other overhead charges.
Amounts Due to Affiliates for Fees and Expense	'
	Amounts due to affiliates for fees and expenses described above are as follows (in thousands):


			March 31,		December 31,
			2014		2013
	Due to the Advisor and its affiliates:
	Operating expenses		$	569	$	671
	Acquisition fees and expenses			352		354

	Total		$	921	$	1,025

Stockholders_Equity_Tables

Stockholders' Equity (Tables)	3 Months Ended
Stockholders' Equity (Tables)	Mar. 31, 2014
Schedule of Redemption Requests	'
	The following details the Company’s redemptions for the three months ended March 31, 2014 (in thousands, except per share data):


	Requests in queue			10,547
	Redemptions requested			778
	Shares redeemed:
	Prior period requests			(135	)
	Current period requests			(300	)
	Adjustments (1)			(92	)

	Pending redemption requests (2)			10,798

	Average price paid per share		$	6.85


	FOOTNOTES:

		(1)	This amount represents redemption request cancellations and other adjustments.
		(2)	Requests that are not fulfilled in whole during a particular quarter will be redeemed on a pro rata basis to the extent funds are made available pursuant to the redemption plan.

Supplemental_Condensed_Consoli1

Supplemental Condensed Consolidating Financial Statements (Tables)	3 Months Ended
	Mar. 31, 2014
Impact of Revisions of Presentation of Changes in Other Comprehensive Income (Loss)	'
	The impact of these revisions (which had a net zero impact to the Consolidated column) are to increase (decrease) comprehensive income (loss) for the Issuer column and to reflect an off-setting (increase) decrease of the comprehensive income (loss) in the Consolidating Adjustments column as follows (in thousands):


	For the Three Months Ended:
	March 31, 2013, as reported		$	(23,299	)
	March 31, 2013, as revised		$	(22,966	)
Condensed Consolidating Balance Sheet	'
	Condensed Consolidating Balance Sheet:


			As of March 31, 2014
							Guarantor				Non-Guarantor				Consolidating
			Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
	ASSETS
	Real estate investment properties, net		$	—			$	529,082			$	1,229,768			$	—			$	1,758,850
	Assets held for sale, net			—				335,430				81,627								417,057
	Investments in unconsolidated entities			—				133,638				—				—				133,638
	Investments in subsidiaries			1,672,356				1,260,550				1,967,720				(4,900,626	)			—
	Mortgages and other notes receivable, net			—				48,367				114,388				(44,917	)			117,838
	Cash			50,033				12,673				23,784				—				86,490
	Deferred rent and lease incentives			—				28,838				27,631				—				56,469
	Other assets			12,552				20,041				21,256				—				53,849
	Restricted cash			45				22,062				27,047				—				49,154
	Intangibles, net			—				9,453				17,652				—				27,105
	Accounts and other receivables, net			—				7,067				11,271				—				18,338

	Total Assets		$	1,734,986			$	2,407,201			$	3,522,144			$	(4,945,543	)		$	2,718,788

	LIABILITIES AND STOCKHOLDERS’ EQUITY

	Mortgages and other notes payable		$	—			$	281,892			$	564,724			$	(43,140	)		$	803,476
	Senior notes, net of discount			394,502				—				—				—				394,502
	Line of credit			—				50,000				—				—				50,000
	Other liabilities			—				38,823				47,134				—				85,957
	Accounts payable and accrued expenses			15,120				20,801				25,345				(1,777	)			59,489
	Due to affiliates			921				—				—				—				921

	Total Liabilities			410,543				391,516				637,203				(44,917	)			1,394,345

	Commitments and contingencies

	Stockholders’ equity:
	Preferred stock, $.01 par value per share							—				—				—				—
	Excess shares, $.01 par value per share			—				—				—				—				—
	Common stock, $.01 par value per share			3,242				—				—				—				3,242
	Capital in excess of par value			2,856,898				6,252,215				8,791,914				(15,044,129	)			2,856,898
	Accumulated earnings (deficit)			(422,338	)			58,239				5,333				(63,572	)			(422,338	)
	Accumulated distributions			(1,107,700	)			(4,294,769	)			(5,906,647	)			10,201,416				(1,107,700	)
	Accumulated other comprehensive loss			(5,659	)			—				(5,659	)			5,659				(5,659	)

				1,324,443				2,015,685				2,884,941				(4,900,626	)			1,324,443

	Total Liabilities and Stockholders’ Equity		$	1,734,986			$	2,407,201			$	3,522,144			$	(4,945,543	)		$	2,718,788


	Condensed Consolidating Balance Sheet:


			As of December 31, 2013
							Guarantor				Non-Guarantor				Consolidating
			Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
	ASSETS
	Real estate investment properties, net		$	—			$	846,914			$	1,222,059			$	—			$	2,068,973
	Assets held for sale, net			—				6,106				84,688				—				90,794
	Investments in unconsolidated entities			—				132,324				—				—				132,324
	Investments in subsidiaries			1,726,328				1,150,443				1,865,714				(4,742,485	)			—
	Mortgages and other notes receivable, net			—				45,947				114,469				(42,453	)			117,963
	Cash			37,668				15,671				18,235				—				71,574
	Deferred rent and lease incentives			—				29,839				27,539				—				57,378
	Other assets			11,355				15,829				25,126				—				52,310
Restricted cash			33				26,595				24,707				—				51,335
Intangibles, net			—				18,094				18,828				—				36,922
Accounts and other receivables, net			—				12,241				8,839				—				21,080

Total Assets		$	1,775,384			$	2,300,003			$	3,410,204			$	(4,784,938	)		$	2,700,653

LIABILITIES AND STOCKHOLDERS’ EQUITY
Mortgages and other notes payable		$	—			$	246,295			$	555,433			$	(41,536	)		$	760,192
Senior notes, net of discount			394,419				—				—				—				394,419
Line of credit			—				50,000				—				—				50,000
Other liabilities			—				33,447				43,369				—				76,816
Accounts payable and accrued expenses			11,584				13,526				25,630				(917	)			49,823
Due to affiliates			1,003				8				14				—				1,025

Total Liabilities			407,006				343,276				624,446				(42,453	)			1,332,275

Commitments and contingencies
Stockholders’ equity:
Preferred stock, $.01 par value per share			—				—				—				—				—
Excess shares, $.01 par value per share			—				—				—				—				—
Common stock, $.01 par value per share			3,226				—				—				—				3,226
Capital in excess of par value			2,846,265				6,027,607				8,700,131				(14,727,738	)			2,846,265
Accumulated earnings (deficit)			(401,985	)			58,777				9,853				(68,630	)			(401,985	)
Accumulated distributions			(1,073,422	)			(4,129,657	)			(5,918,520	)			10,048,177				(1,073,422	)
Accumulated other comprehensive loss			(5,706	)			—				(5,706	)			5,706				(5,706	)

			1,368,378				1,956,727				2,785,758				(4,742,485	)			1,368,378

Total Liabilities and Stockholders’ Equity		$	1,775,384			$	2,300,003			$	3,410,204			$	(4,784,938	)		$	2,700,653

Condensed Consolidating Statement of Operations	'
	Condensed Consolidating Statement of Operations:


			For the Three Months Ended March 31, 2014
							Guarantor				Non-Guarantor				Consolidating
			Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
	Revenues:
	Rental income from operating leases		$	—			$	16,168			$	26,686			$	—			$	42,854
	Property operating revenues			—				3,191				48,477				—				51,668
	Interest income on mortgages and other notes receivable			—				1,185				3,060				(1,112	)			3,133

	Total revenues			—				20,544				78,223				(1,112	)			97,655

	Expenses:
	Property operating expenses			—				8,394				42,610				—				51,004
	Asset management fees to advisor			8,571				—				—				—				8,571
	General and administrative			3,378				225				393				—				3,996
	Ground lease and permit fees			—				1,898				1,745				—				3,643
	Acquisition fees and costs			724				—				—				—				724
	Other operating expenses			11				208				544				—				763
	Bad debt expense			—				—				1,006				—				1,006
	Depreciation and amortization			—				9,842				22,092				—				31,934

	Total expenses			12,684				20,567				68,390				—				101,641

	Operating income (loss)			(12,684	)			(23	)			9,833				(1,112	)			(3,986	)

	Other income (expense):
	Interest and other income (expense)			7				82				(87	)			—				2
	Interest expense and loan cost amortization (includes $414 loss on termination of cash flow hedges)			(7,903	)			(3,722	)			(8,547	)			1,112				(19,060	)
	Equity in earnings of unconsolidated entities			—				4,299				—				—				4,299
	Equity in earnings (loss), intercompany			227				1,117				(6,402	)			5,058				—

	Total other income (expense)			(7,669	)			1,776				(15,036	)			6,170				(14,759	)

	Income (loss) from continuing operations			(20,353	)			1,753				(5,203	)			5,058				(18,745	)
	Discontinued operations			—				(2,291	)			683				—				(1,608	)

	Net income (loss)		$	(20,353	)		$	(538	)		$	(4,520	)		$	5,058			$	(20,353	)


	Condensed Consolidating Statement of Operations:


			For the Three Months Ended March 31, 2013
							Guarantor				Non-Guarantor				Consolidating
			Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
	Revenues:
	Rental income from operating leases		$	—			$	18,659			$	20,811			$	—			$	39,470
	Property operating revenues			—				472				46,331				—				46,803
	Interest income on mortgages and other notes receivable			—				1,041				3,345				(967	)			3,419

	Total revenues			—				20,172				70,487				(967	)			89,692

	Expenses:
	Property operating expenses			—				6,568				40,684				—				47,252
	Asset management fees to advisor			9,213				—				—				—				9,213
	General and administrative			3,499				92				402				—				3,993
	Ground lease and permit fees			—				2,112				1,890				—				4,002
	Acquisition fees and costs			367				—				—				—				367
	Other operating expenses			174				—				504				—				678
	Bad debt expense			—				16				10				—				26
	Depreciation and amortization			—				9,651				19,107				—				28,758

Total expenses			13,253				18,439				62,597				—				94,289

Operating income (loss)			(13,253	)			1,733				7,890				(967	)			(4,597	)

Other income (expense):
Interest and other income (expense)			5				355				(33	)			—				327
Interest expense and loan cost amortization (includes $414 loss on termination of cash flow hedges)			(7,857	)			(3,588	)			(5,786	)			967				(16,264	)
Equity in earnings of unconsolidated entities			—				(1,123	)			—				—				(1,123	)
Equity in earnings (loss), intercompany			(2,194	)			2,638				(2,632	)			2,188				—

Total other income (expense)			(10,046	)			(1,718	)			(8,451	)			3,155				(17,060	)

Income (loss) from continuing operations			(23,299	)			15				(561	)			2,188				(21,657	)
Discontinued operations			—				(1,343	)			(299	)			—				(1,642	)

Net income (loss)		$	(23,299	)		$	(1,328	)		$	(860	)		$	2,188			$	(23,299	)

Condensed Consolidating Statement of Other Comprehensive Income (Loss)	'
	Condensed Consolidating Statement of Other Comprehensive Income (Loss):


			For the Three Months Ended March 31, 2014
							Guarantor				Non-Guarantor				Consolidating
			Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
	Net income (loss)		$	(20,353	)		$	(538	)		$	(4,520	)		$	5,058			$	(20,353	)

	Other comprehensive income (loss):
	Foreign currency translation adjustments			(689	)			—				(689	)			689				(689	)
	Changes in fair value of cash flow hedges:
	Amortization of loss on termination of cash flow hedges			414				—				414				(414	)			414
	Unrealized gain arising during the period			322				—				322				(322	)			322

	Total other comprehensive income			47				—				47				(47	)			47

	Comprehensive income (loss)		$	(20,306	)		$	(538	)		$	(4,473	)		$	5,011			$	(20,306	)



			For the Three Months Ended March 31, 2013
							Guarantor				Non-Guarantor				Consolidating
			Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
	Net income (loss)		$	(23,299	)		$	(1,328	)		$	(860	)		$	2,188			$	(23,299	)

	Other comprehensive income (loss):
	Foreign currency translation adjustments			(460	)			—				(460	)			460				(460	)
	Changes in fair value of cash flow hedges:
	Amortization of loss on termination of cash flow hedges			414				—				414				(414	)			414
	Unrealized gain arising during the period			379				—				379				(379	)			379

	Total other comprehensive income			333				—				333				(333	)			333

	Comprehensive income (loss)		$	(22,966	)		$	(1,328	)		$	(527	)		$	1,855			$	(22,966	)

Condensed Consolidating Statement of Cash Flows	'
	Condensed Consolidating Statement of Cash Flows:


			For the Three Months Ended March 31, 2014
							Guarantor				Non-Guarantor				Consolidating
			Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
	Operating activities:
	Net cash provided by (used in) operating activities		$	(17,264	)		$	23,527			$	31,297			$	—			$	37,560

	Investing activities:
	Acquistion of property			—				—				(15,250	)			—				(15,250	)
	Capital expenditures			—				(8,714	)			(10,530	)			—				(19,244	)
	Deposits on real estate investments			(1,238	)			—				—				—				(1,238	)
	Changes in restricted cash			(12	)			298				(3,789	)			—				(3,503	)
	Other			—				17				81				—				98
	Intercompany investing			54,508				—				—				(54,508	)			—

	Net cash provided by (used in) investing activities			53,258				(8,399	)			(29,488	)			(54,508	)			(39,137	)

	Financing activities:
	Redemptions of common stock			(2,978	)			—				—				—				(2,978	)
	Distributions to stockholders, net of reinvestments			(20,651	)			—				—				—				(20,651	)
	Proceeds from mortgage loans and other notes payable			—				40,000				10,702				—				50,702
	Principal payments on mortgage loans and senior notes			—				(4,403	)			(2,414	)			—				(6,817	)
	Principal payments on capital leases			—				(261	)			(323	)			—				(584	)
	Payment of entrance fee refunds			—				—				(1,030	)			—				(1,030	)
	Payment of loan costs			—				(2,103	)			(37	)			—				(2,140	)
	Intercompany financing			—				(51,359	)			(3,149	)			54,508				—

	Net cash provided by (used in) financing activities			(23,629	)			(18,126	)			3,749				54,508				16,502

	Effect of exchange rate fluctuation on cash			—				—				(9	)			—				(9	)

	Net increase (decrease) in cash			12,365				(2,998	)			5,549				—				14,916
	Cash at beginning of period			37,668				15,671				18,235				—				71,574

	Cash at end of period		$	50,033			$	12,673			$	23,784			$	—			$	86,490


	Condensed Consolidating Statement of Cash Flows:


			For the Three Months Ended March 31, 2013
			Issuer				Guarantor				Non-Guarantor				Consolidating				Consolidated
			Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
	Operating activities:
	Net cash provided by (used in) operating activities		$	(13,549	)		$	30,967			$	31,226			$	—			$	48,644

	Investing activities:
	Capital expenditures			—				(5,431	)			(10,047	)			—				(15,478	)
	Proceeds from sale of prperty			—				1,000				(325	)			—				675
	Return collateral on loan			—				—				8,684				—				8,684
	Issuance of mortgage loans receivable			—				—				(81	)			—				(81	)
	Changes in restricted cash			(11	)			(6,337	)			(3,103	)			—				(9,451	)
	Other			—				15				85								100
	Intercompany investing			70,384				—				—				(70,384	)			—

	Net cash provided by (used in) investing activities			70,373				(10,753	)			(4,787	)			(70,384	)			(15,551	)

	Financing activities:
	Redemptions of common stock			(2,919	)			—				—				—				(2,919	)
	Distributions to stockholders, net of reinvestments			(19,897	)			—				—				—				(19,897	)
	Proceeds from mortgage loans and other notes payable			—				—				30,000				—				30,000
Principal payments on mortgage loans and senior notes			—				(3,140	)			(2,746	)			—				(5,886	)
Principal payments on capital leases			—				(1,284	)			(663	)			—				(1,947	)
Payment of loan costs			—				—				(640	)			—				(640	)
Intercompany financing			—				(19,862	)			(50,522	)			70,384				—

Net cash provided by (used in) financing activities			(22,816	)			(24,286	)			(24,571	)			70,384				(1,289	)

Effect of exchange rate fluctuation on cash			—				—				(14	)			—				(14	)

Net increase (decrease) in cash			34,008				(4,072	)			1,854				—				31,790
Cash at beginning of period			39,219				14,125				19,880				—				73,224

Cash at end of period		$	73,227			$	10,053			$	21,734			$	—			$	105,014

Organization_and_Nature_of_Bus1

Organization and Nature of Business - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2014
Organization And Nature Of Business [Line Items]	'
Number of real estate properties	145
Unconsolidated Joint Ventures	'
Organization And Nature Of Business [Line Items]	'
Number of real estate properties	8
Canada	'
Organization And Nature Of Business [Line Items]	'
Number of real estate properties	3
Minimum	'
Organization And Nature Of Business [Line Items]	'
Long-term lease	'5 years
Maximum	'
Organization And Nature Of Business [Line Items]	'
Long-term lease	'20 years

Acquisition_Additional_Informa

Acquisition - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
	Property
Business Combination, Transactions [Line Items]	'
Number of properties acquired	1
Purchase price	$15.30
Long-term triple-net lease for an initial term renewal options	'10 years

Schedule_of_Real_Estate_Invest

Schedule of Real Estate Investment Properties (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Real Estate Properties [Line Items]	'	'
Less: accumulated depreciation and amortization	($615,041)	($765,948)
Real estate investment properties, net	1,758,850	2,068,973
Land and land improvements	'	'
Real Estate Properties [Line Items]	'	'
Real estate investment properties, Total	620,666	904,409
Leasehold interests and improvements	'	'
Real Estate Properties [Line Items]	'	'
Real estate investment properties, Total	273,516	311,560
Buildings	'	'
Real Estate Properties [Line Items]	'	'
Real estate investment properties, Total	835,221	926,098
Equipment	'	'
Real Estate Properties [Line Items]	'	'
Real estate investment properties, Total	$644,488	$692,854

Recovered_Sheet1

Assets Held for Sale, Net and Discontinued Operations - Additional Information (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Mar. 31, 2014
In Millions, unless otherwise specified	Property	Property	Golf properties	Golf properties
			Property	Discontinued Operations
Assets Held for Sale and Discontinued Operations [Line Items]	'	'	'	'
Number of properties held for sell	54	5	48	'
Impairment provision	'	'	'	$3.30

Properties_Classified_as_Asset

Properties Classified as Assets Held for Sale (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Long Lived Assets Held-for-sale [Line Items]	'	'
Real estate investment properties, net	$399,158	$90,794
Intangibles, net	8,501	'
Accounts and other receivables, net	3,725	'
Restricted cash	5,673	'
Total	417,057	90,794
Land and land improvements	'	'
Long Lived Assets Held-for-sale [Line Items]	'	'
Real estate investment properties, net	232,334	40,097
Building and Building Improvements	'	'
Long Lived Assets Held-for-sale [Line Items]	'	'
Real estate investment properties, net	150,721	47,989
Equipment	'	'
Long Lived Assets Held-for-sale [Line Items]	'	'
Real estate investment properties, net	$16,103	$2,708

Summary_of_Loss_from_Discontin

Summary of Loss from Discontinued Operations (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Revenues	$17,758	$17,429
Expenses	-9,296	-9,694
Depreciation and amortization	-4,925	-7,425
Impairment provision	-3,314	'
Operating income	223	310
Other expense	-1,831	-1,952
Loss from discontinued operations	($1,608)	($1,642)

Variable_Interest_and_Unconsol2

Variable Interest and Unconsolidated Entities - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
	Option
	Entity
Variable Interest Entity [Line Items]	'	'
Number of wholly-owned subsidiaries	4	'
Number of buy out options exercisable	3	'
Number of remaining buy out options exercisable	4	'
Remaining buy-out options become exercisable in year	'2018-07	'
Maximum exposure to loss on investment	$107.30	$113.10
Canada Revenue Authority	'	'
Variable Interest Entity [Line Items]	'	'
Maximum exposure to loss on investment	14.6	'
Accruals for loss on investment	1.3	'
HLBV	'	'
Variable Interest Entity [Line Items]	'	'
Share of partners capital	126	124.9
Difference between carrying amount of the investment and partners capital	7.6	7.4
Joint Venture Agreement	'	'
Variable Interest Entity [Line Items]	'	'
Equity ownership in number of companies	2	'
Intrawest Venture \| Joint Venture Agreement	'	'
Variable Interest Entity [Line Items]	'	'
Maximum exposure to loss on investment	$26.60	$25.20
Minimum	'	'
Variable Interest Entity [Line Items]	'	'
Remaining four buy-out options expiration month and year	'2020-07	'
Maximum	'	'
Variable Interest Entity [Line Items]	'	'
Remaining four buy-out options expiration month and year	'2030-03	'

Aggregate_Carrying_Amount_and_

Aggregate Carrying Amount and Major Classifications of Consolidated Assets and Liabilities (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Assets	'	'
Real estate investment properties, net	$181,616	$184,306
Other assets	31,449	29,075
Liabilities	'	'
Mortgages and other notes payable	93,788	87,095
Other liabilities	$12,015	$13,214

Summary_of_Financial_Informati

Summary of Financial Information of Unconsolidated Entities (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Schedule of Unconsolidated Entities [Line Items]	'		'
Revenues	$97,655		$89,692
Property operating expenses	-51,004		-47,252
Depreciation and amortization	-31,934		-28,758
Income (loss) from continuing operations	-18,745		-21,657
Discontinued operations	-1,608		-1,642
Equity in earnings (loss) of unconsolidated entities	4,299		-1,123
Interest and other income	2		327
DMC Partnership	'		'
Schedule of Unconsolidated Entities [Line Items]	'		'
Revenues	7,910		7,452
Property operating expenses	-171		-160
Depreciation and amortization	-2,202		-2,298
Interest expense	-1,916		-1,971
Income (loss) from continuing operations	3,621		3,025
Net income	3,621		3,025
Income (loss) allocable to other venture partners	824	[1]	227	[1]
Income (loss) allocable to the Company	2,797	[1]	2,798	[1]
Amortization of capitalized costs	-108		-108
Equity in earnings (loss) of unconsolidated entities	2,689		2,690
Distribution declared to the Company	2,797		2,797
Distributions received by the Company	2,859		2,852
Interest and other income	'		2
Intrawest Venture	'		'
Schedule of Unconsolidated Entities [Line Items]	'		'
Discontinued operations	1,266	[2]	944	[2]
Net income	1,266		944
Income (loss) allocable to other venture partners	-397	[1],[3]	-396	[1],[3]
Income (loss) allocable to the Company	1,663	[1]	1,340	[1]
Amortization of capitalized costs	-53		-58
Equity in earnings (loss) of unconsolidated entities	1,610		1,282
Distribution declared to the Company	658		369
Distributions received by the Company	261		689
CNLSun I Venture	'		'
Schedule of Unconsolidated Entities [Line Items]	'		'
Revenues	'		35,173	[4]
Property operating expenses	'		-22,919	[4]
Depreciation and amortization	'		-5,587	[4]
Interest expense	'		-8,037	[4]
Income (loss) from continuing operations	'		-1,358	[4]
Net income	'		-1,358	[4]
Income (loss) allocable to other venture partners	'		420	[1],[4]
Income (loss) allocable to the Company	'		-1,778	[1],[4]
Amortization of capitalized costs	'		-653	[4]
Equity in earnings (loss) of unconsolidated entities	'		-2,431	[4]
Distribution declared to the Company	'		3,877	[4]
Distributions received by the Company	'		3,952	[4]
Interest and other income	'		12	[4]
CNLSun II Venture	'		'
Schedule of Unconsolidated Entities [Line Items]	'		'
Revenues	'		9,633	[4]
Property operating expenses	'		-8,889	[4]
Depreciation and amortization	'		-1,108	[4]
Interest expense	'		-1,155	[4]
Income (loss) from continuing operations	'		-1,519	[4]
Net income	'		-1,519	[4]
Income (loss) allocable to other venture partners	'		-463	[1],[4]
Income (loss) allocable to the Company	'		-1,056	[1],[4]
Amortization of capitalized costs	'		-215	[4]
Equity in earnings (loss) of unconsolidated entities	'		-1,271	[4]
Distribution declared to the Company	'		517	[4]
Distributions received by the Company	'		528	[4]
CNLSun III Venture	'		'
Schedule of Unconsolidated Entities [Line Items]	'		'
Revenues	'		10,835	[4]
Property operating expenses	'		-7,358	[4]
Depreciation and amortization	'		-1,448	[4]
Interest expense	'		-1,464	[4]
Income (loss) from continuing operations	'		565	[4]
Net income	'		565	[4]
Income (loss) allocable to other venture partners	'		1,872	[1],[4]
Income (loss) allocable to the Company	'		-1,307	[1],[4]
Amortization of capitalized costs	'		-86	[4]
Equity in earnings (loss) of unconsolidated entities	'		-1,393	[4]
Distribution declared to the Company	'		825	[4]
Distributions received by the Company	'		3,305	[4]
Total	'		'
Schedule of Unconsolidated Entities [Line Items]	'		'
Revenues	7,910		63,093
Property operating expenses	-171		-39,326
Depreciation and amortization	-2,202		-10,441
Interest expense	-1,916		-12,627
Income (loss) from continuing operations	3,621		713
Discontinued operations	1,266	[2]	944	[2]
Net income	4,887		1,657
Income (loss) allocable to other venture partners	427	[1]	1,660	[1]
Income (loss) allocable to the Company	4,460	[1]	-3	[1]
Amortization of capitalized costs	-161		-1,120
Equity in earnings (loss) of unconsolidated entities	4,299		-1,123
Distribution declared to the Company	3,455		8,385
Distributions received by the Company	3,120		11,326
Interest and other income	'		$14

[1]	Income (loss) is allocated between the Company and its partnership using the hypothetical liquidation book value ("HLBV") method of accounting.
[2]	In connection with the proposed sale, the venture classified and included the results of operations from its seven properties as discontinued operations.
[3]	This amount represents the venture partner's portion of interest expense on a loan which the partners made to the venture. These amounts are treated as distributions for the purposes of the HLBV calculation.
[4]	In July 2013, the Company completed the sale of its interest in 42 senior housing properties held through the CNLSun I, CNLSun II and CNLSun III ventures.

Summary_of_Financial_Informati1

Summary of Financial Information of Unconsolidated Entities (Parenthetical) (Detail) (Joint Venture Agreement)	1 Months Ended
	Jul. 31, 2013
	Property
Joint Venture Agreement	'
Schedule of Unconsolidated Entities [Line Items]	'
Number of properties sold	42

Mortgages_and_Other_Notes_Rece1

Mortgages and Other Notes Receivable, Net - Additional Information (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Estimated fair market value of company's mortgages and other notes receivable	$112.70	$112.20

Indebtedness_Additional_Inform

Indebtedness - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
		Maximum	Variable Rate Debt	Variable Rate Debt	Carrying (Reported) Amount, Fair Value Disclosure	Carrying (Reported) Amount, Fair Value Disclosure
				LIBOR
Debt Instrument [Line Items]	'	'	'	'	'	'
Debt instrument,issued	'	'	$40	'	'	'
Collateral	'	'	'Six ski and mountain lifestyle properties	'	'	'
Debt instrument, maturity date	'	'	'2017-04	'	'	'
Debt instrument, interest rate terms	'	'	'30-day LIBOR plus 3.50% with a 1.50% LIBOR floor	'	'	'
Debt instrument, interest rate basis point above reference rate	'	'	3.50%	'	'	'
Debt instrument, floor rate	'	'	'	1.50%	'	'
Cash distribution from operations	'	95.00%	'	'	'	'
Loans principal outstanding balance	'	'	15.2	'	'	'
Description of compliance of covenants	'The Company was in compliance with all applicable provisions as of March 31, 2014 except for one covenant where the debt is collateralized by a ski and mountain lifestyle property with an outstanding principal balance of $15.2 million as of March 31, 2014. This property, located in Southern California, experienced a decrease in net operating income due to lower revenues caused by significantly lower levels of snow experienced during the 2013/2014 ski season resulting in temporary non-compliance in one of its financial covenants. The lender has agreed to amend the loan agreement to remove the covenant requirements in exchange for the Company increasing the amount of its repayment guarantee. As of the date of this filing, the amendment was completed and the financial covenant was no longer applicable.	'	'	'	'	'
Estimated fair values of mortgages, other notes payable and line of credit	'	'	'	'	852.6	803.7
Estimated fair values of Senior notes	'	'	'	'	$418.20	$410.40

Derivative_Instruments_and_Hed2

Derivative Instruments and Hedging Activities - Additional Information (Detail) (Interest Rate Swap)	3 Months Ended
	Mar. 31, 2014
	Derivative
Interest Rate Swap	'
Derivative [Line Items]	'
Number of interest rate swaps	5

Derivative_Financial_Instrumen

Derivative Financial Instruments Included in Other Liabilities (Detail) (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014		Dec. 31, 2013
Derivative [Line Items]	'		'
Net Amount	($3,363)		($3,694)
Interest Rate Swap \| Derivative Instrument 1 \| Cash Flow Hedges	'		'
Derivative [Line Items]	'		'
Notional amount of Cash Flow Hedges	60,595		61,042
Gross Amounts of Recognized Liabilities	-1,574		-1,748
Gross Amounts Offset in the Balance Sheets	'		'
Net Amounts of Liabilities Presented in the Balance Sheets	-1,574		-1,748
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments	-1,574		-1,748
Gross Amounts Not Offset in the Balance Sheet, Cash Collateral	'		'
Net Amount	-1,574		-1,748
Interest Rate Swap \| Derivative Instrument 2 \| Cash Flow Hedges	'		'
Derivative [Line Items]	'		'
Notional amount of Cash Flow Hedges	8,662		8,746
Gross Amounts of Recognized Liabilities	-737		-743
Gross Amounts Offset in the Balance Sheets	'		'
Net Amounts of Liabilities Presented in the Balance Sheets	-737		-743
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments	-737		-743
Gross Amounts Not Offset in the Balance Sheet, Cash Collateral	'		'
Net Amount	-737		-743
Interest Rate Swap \| Derivative Instrument 3 \| Cash Flow Hedges	'		'
Derivative [Line Items]	'		'
Notional amount of Cash Flow Hedges	15,912	[1]	16,603	[1]
Gross Amounts of Recognized Liabilities	-164		-233
Gross Amounts Offset in the Balance Sheets	'		'
Net Amounts of Liabilities Presented in the Balance Sheets	-164		-233
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments	-164		-233
Gross Amounts Not Offset in the Balance Sheet, Cash Collateral	'		'
Net Amount	-164		-233
Interest Rate Swap \| Derivative Instrument 4 \| Cash Flow Hedges	'		'
Derivative [Line Items]	'		'
Notional amount of Cash Flow Hedges	15,225		15,450
Gross Amounts of Recognized Liabilities	-476		-524
Gross Amounts Offset in the Balance Sheets	'		'
Net Amounts of Liabilities Presented in the Balance Sheets	-476		-524
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments	-476		-524
Gross Amounts Not Offset in the Balance Sheet, Cash Collateral	'		'
Net Amount	-476		-524
Interest Rate Swap \| Derivative Instrument 5 \| Cash Flow Hedges	'		'
Derivative [Line Items]	'		'
Notional amount of Cash Flow Hedges	24,670		24,811
Gross Amounts of Recognized Liabilities	-412		-446
Gross Amounts Offset in the Balance Sheets	'		'
Net Amounts of Liabilities Presented in the Balance Sheets	-412		-446
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments	-412		-446
Gross Amounts Not Offset in the Balance Sheet, Cash Collateral	'		'
Net Amount	($412)		($446)

[1]	The Company swapped the interest rate on its $20.0 million loan denominated in Canadian dollars to a fixed interest rate of 6.4%. The notional amount has been converted from Canadian dollars to U.S. dollars at an exchange rate of 0.90 and 0.94 Canadian dollars for $1.00 U.S. dollar on March 31, 2014 and December 31, 2013, respectively.

Derivative_Financial_Instrumen1

Derivative Financial Instruments Included in Other Liabilities (Parenthetical) (Detail) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Derivative [Line Items]	'	'
Loan denominated in Canadian dollars	$20,000,000	'
Fixed interest rate	6.40%	'
U.S. exchange rate for Canadian dollars	0.9	0.94
Foreign currency exchange rate conversion to dollars	$1	$1

Fair_Value_Measurements_Additi

Fair Value Measurements - Additional Information (Detail)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014
	Property	Property	Level 3
			Property
Fair Value Measurements Disclosure [Line Items]	'	'	'
Number of investment properties Held for Sale	54	'	53
Number of investment properties	'	48	'
Assets held for sale, fair value determined based upon information received from potential buyers, percentage	'	'	98.00%

Fair_Value_of_Financial_Assets

Fair Value of Financial Assets and Liabilities Carried at Fair Value (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Assets:	'	'
Assets held for sale carried at fair value	$417,057	$90,794
Real estate investment properties, net carried at fair value	'	304,703
Liabilities:	'	'
Derivative instruments	3,363	3,694
Level 2	'	'
Liabilities:	'	'
Derivative instruments	3,363	3,694
Level 3	'	'
Assets:	'	'
Assets held for sale carried at fair value	417,057	90,794
Real estate investment properties, net carried at fair value	'	$304,703

Related_Party_Arrangements_Add

Related Party Arrangements - Additional Information (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Mar. 31, 2014
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Monthly	Annually
Related Party Transaction [Line Items]	'	'	'	'
Asset management fee as a percentage of real estate asset value	'	'	0.08%	0.90%
Deposits at bank	$12	$8.60	'	'

Adviser_and_Former_Adviser_Ear

Adviser and Former Adviser Earned Fees and Incurred Reimbursable Expenses (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Acquisition fees:	'		'
Acquisition fees from distribution reinvestment plan	$319	[1]	$322	[1]
Acquisition fees from debt proceeds	1,521	[2]	234	[2]
Total	1,840		556
Asset management fees	8,571	[3]	9,213	[3]
Reimbursable expenses:	'		'
Acquisition costs	77	[4],[5]	67	[4],[5]
Operating expenses	1,712	[4],[6]	1,686	[4],[6]
Total	1,789		1,753
Total fees earned and reimbursable expenses	$12,200		$11,522

[1]	Amounts are recorded as acquisition fees and costs in the accompanying condensed consolidated statements of operations.
[2]	Amounts are recorded as loan costs and are included as part of other assets in the accompanying condensed consolidated balance sheets.
[3]	Amounts are recorded as asset management fees to advisor in the accompanying condensed consolidated statements of operations.
[4]	Amounts representing acquisition costs are recorded as part of acquisition fees and costs in the accompanying condensed consolidated statements of operations. Amounts representing operating expenses are recorded as part of general and administrative expenses in the accompanying condensed consolidated statements of operations.
[5]	Includes approximately $0.01 million and $0.03 million for reimbursable expenses to the Advisor for services provided to the Company for its executive officers during the three months ended March 31, 2014 and 2013, respectively. The reimbursable expenses include components of salaries, benefits and other overhead charges.
[6]	Includes approximately $0.09 million and $0.2 million for reimbursable expenses to the Advisor for services provided to the Company for its executive officers during the three months ended March 31, 2014 and 2013, respectively. The reimbursable expenses include components of salaries, benefits and other overhead charges.

Adviser_and_Former_Adviser_Ear1

Adviser and Former Adviser Earned Fees and Incurred Reimbursable Expenses (Parenthetical) (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Related Party Transaction [Line Items]	'		'
Acquisition costs	$77	[1],[2]	$67	[1],[2]
Operating expenses	1,712	[1],[3]	1,686	[1],[3]
Executive Officers	'		'
Related Party Transaction [Line Items]	'		'
Acquisition costs	10		30
Operating expenses	$90		$200

[1]	Amounts representing acquisition costs are recorded as part of acquisition fees and costs in the accompanying condensed consolidated statements of operations. Amounts representing operating expenses are recorded as part of general and administrative expenses in the accompanying condensed consolidated statements of operations.
[2]	Includes approximately $0.01 million and $0.03 million for reimbursable expenses to the Advisor for services provided to the Company for its executive officers during the three months ended March 31, 2014 and 2013, respectively. The reimbursable expenses include components of salaries, benefits and other overhead charges.
[3]	Includes approximately $0.09 million and $0.2 million for reimbursable expenses to the Advisor for services provided to the Company for its executive officers during the three months ended March 31, 2014 and 2013, respectively. The reimbursable expenses include components of salaries, benefits and other overhead charges.

Amounts_Due_to_Affiliates_for_

Amounts Due to Affiliates for Fees and Expenses (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]	'	'
Total due to affiliates	$921	$1,025
Operating expenses	'	'
Related Party Transaction [Line Items]	'	'
Total due to affiliates	569	671
Acquisition fees and expenses	'	'
Related Party Transaction [Line Items]	'	'
Total due to affiliates	$352	$354

Stockholders_Equity_Additional

Stockholders' Equity - Additional Information (Detail) (USD $)	3 Months Ended	12 Months Ended
In Millions, except Share data in Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Stockholders Equity Note [Line Items]	'	'
Declared and paid distributions	$34.30	'
Declared and paid distributions, per share	$0.11	$0.43
Aggregate amount of funds under the redemption plan, Cap	3	'
Estimated net asset value per share	'	$6.85
Minimum	'	'
Stockholders Equity Note [Line Items]	'	'
Percentage of shares that may be redeemed	92.50%	'
Maximum	'	'
Stockholders Equity Note [Line Items]	'	'
Percentage of shares that may be redeemed	100.00%	'
Reinvestment Plan	'	'
Stockholders Equity Note [Line Items]	'	'
Offering proceeds	$13.60	'
Shares subscribed, shares	2,000	'

Schedule_of_Pending_Redemption

Schedule of Pending Redemption Request (Detail) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014
Stockholders Equity Note [Line Items]	'
Requests in queue	10,547
Redemptions requested	778
Shares redeemed:	'
Prior period requests	-135
Current period requests	-300
Adjustments	-92	[1]
Pending redemption requests	10,798	[2]
Average price paid per share	$6.85

[1]	This amount represents redemption request cancellations and other adjustments.
[2]	Requests that are not fulfilled in whole during a particular quarter will be redeemed on a pro rata basis to the extent funds are made available pursuant to the redemption plan.

Impact_of_Revisions_of_Present

Impact of Revisions of Presentation of Changes in Other Comprehensive Income (Loss) (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Total comprehensive loss	($20,306)	($22,966)
As reported	'	'
Total comprehensive loss	'	($23,299)

Consolidating_Balance_Sheet_De

Consolidating Balance Sheet (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012
Assets	'	'	'	'
Real estate investment properties, net	$1,758,850	$2,068,973	'	'
Assets held for sale, net	417,057	90,794	'	'
Investments in unconsolidated entities	133,638	132,324	'	'
Mortgages and other notes receivable, net	117,838	117,963	'	'
Cash	86,490	71,574	105,014	73,224
Deferred rent and lease incentives	56,469	57,378	'	'
Other assets	53,849	52,310	'	'
Restricted cash	49,154	51,335	'	'
Intangibles, net	27,105	36,922	'	'
Accounts and other receivables, net	18,338	21,080	'	'
Total Assets	2,718,788	2,700,653	'	'
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'	'	'
Mortgages and other notes payable	803,476	760,192	'	'
Senior notes, net of discount	394,502	394,419	'	'
Line of credit	50,000	50,000	'	'
Other liabilities	85,957	76,816	'	'
Accounts payable and accrued expenses	59,489	49,823	'	'
Due to affiliates	921	1,025	'	'
Total Liabilities	1,394,345	1,332,275	'	'
Commitments and contingencies	'	'	'	'
Stockholders' equity:	'	'	'	'
Preferred stock, $.01 par value per share	'	'	'	'
Excess shares, $.01 par value per share	'	'	'	'
Common stock, $.01 par value per share	3,242	3,226	'	'
Capital in excess of par value	2,856,898	2,846,265	'	'
Accumulated earnings (deficit)	-422,338	-401,985	'	'
Accumulated distributions	-1,107,700	-1,073,422	'	'
Accumulated other comprehensive loss	-5,659	-5,706	'	'
Total Stockholders' Equity	1,324,443	1,368,378	'	1,711,431
Total Liabilities and Stockholders' Equity	2,718,788	2,700,653	'	'
Issuer	'	'	'	'
Assets	'	'	'	'
Investments in subsidiaries	1,672,356	1,726,328	'	'
Cash	50,033	37,668	73,227	39,219
Other assets	12,552	11,355	'	'
Restricted cash	45	33	'	'
Total Assets	1,734,986	1,775,384	'	'
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'	'	'
Senior notes, net of discount	394,502	394,419	'	'
Accounts payable and accrued expenses	15,120	11,584	'	'
Due to affiliates	921	1,003	'	'
Total Liabilities	410,543	407,006	'	'
Commitments and contingencies	'	'	'	'
Stockholders' equity:	'	'	'	'
Preferred stock, $.01 par value per share	'	'	'	'
Excess shares, $.01 par value per share	'	'	'	'
Common stock, $.01 par value per share	3,242	3,226	'	'
Capital in excess of par value	2,856,898	2,846,265	'	'
Accumulated earnings (deficit)	-422,338	-401,985	'	'
Accumulated distributions	-1,107,700	-1,073,422	'	'
Accumulated other comprehensive loss	-5,659	-5,706	'	'
Total Stockholders' Equity	1,324,443	1,368,378	'	'
Total Liabilities and Stockholders' Equity	1,734,986	1,775,384	'	'
Guarantor Subsidiaries	'	'	'	'
Assets	'	'	'	'
Real estate investment properties, net	529,082	846,914	'	'
Assets held for sale, net	335,430	6,106	'	'
Investments in unconsolidated entities	133,638	132,324	'	'
Investments in subsidiaries	1,260,550	1,150,443	'	'
Mortgages and other notes receivable, net	48,367	45,947	'	'
Cash	12,673	15,671	10,053	14,125
Deferred rent and lease incentives	28,838	29,839	'	'
Other assets	20,041	15,829	'	'
Restricted cash	22,062	26,595	'	'
Intangibles, net	9,453	18,094	'	'
Accounts and other receivables, net	7,067	12,241	'	'
Total Assets	2,407,201	2,300,003	'	'
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'	'	'
Mortgages and other notes payable	281,892	246,295	'	'
Line of credit	50,000	50,000	'	'
Other liabilities	38,823	33,447	'	'
Accounts payable and accrued expenses	20,801	13,526	'	'
Due to affiliates	'	8	'	'
Total Liabilities	391,516	343,276	'	'
Commitments and contingencies	'	'	'	'
Stockholders' equity:	'	'	'	'
Preferred stock, $.01 par value per share	'	'	'	'
Excess shares, $.01 par value per share	'	'	'	'
Capital in excess of par value	6,252,215	6,027,607	'	'
Accumulated earnings (deficit)	58,239	58,777	'	'
Accumulated distributions	-4,294,769	-4,129,657	'	'
Total Stockholders' Equity	2,015,685	1,956,727	'	'
Total Liabilities and Stockholders' Equity	2,407,201	2,300,003	'	'
Non-Guarantor Subsidiaries	'	'	'	'
Assets	'	'	'	'
Real estate investment properties, net	1,229,768	1,222,059	'	'
Assets held for sale, net	81,627	84,688	'	'
Investments in subsidiaries	1,967,720	1,865,714	'	'
Mortgages and other notes receivable, net	114,388	114,469	'	'
Cash	23,784	18,235	21,734	19,880
Deferred rent and lease incentives	27,631	27,539	'	'
Other assets	21,256	25,126	'	'
Restricted cash	27,047	24,707	'	'
Intangibles, net	17,652	18,828	'	'
Accounts and other receivables, net	11,271	8,839	'	'
Total Assets	3,522,144	3,410,204	'	'
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'	'	'
Mortgages and other notes payable	564,724	555,433	'	'
Other liabilities	47,134	43,369	'	'
Accounts payable and accrued expenses	25,345	25,630	'	'
Due to affiliates	'	14	'	'
Total Liabilities	637,203	624,446	'	'
Commitments and contingencies	'	'	'	'
Stockholders' equity:	'	'	'	'
Preferred stock, $.01 par value per share	'	'	'	'
Excess shares, $.01 par value per share	'	'	'	'
Capital in excess of par value	8,791,914	8,700,131	'	'
Accumulated earnings (deficit)	5,333	9,853	'	'
Accumulated distributions	-5,906,647	-5,918,520	'	'
Accumulated other comprehensive loss	-5,659	-5,706	'	'
Total Stockholders' Equity	2,884,941	2,785,758	'	'
Total Liabilities and Stockholders' Equity	3,522,144	3,410,204	'	'
Consolidating Adjustments	'	'	'	'
Assets	'	'	'	'
Investments in subsidiaries	-4,900,626	-4,742,485	'	'
Mortgages and other notes receivable, net	-44,917	-42,453	'	'
Total Assets	-4,945,543	-4,784,938	'	'
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'	'	'
Mortgages and other notes payable	-43,140	-41,536	'	'
Accounts payable and accrued expenses	-1,777	-917	'	'
Total Liabilities	-44,917	-42,453	'	'
Commitments and contingencies	'	'	'	'
Stockholders' equity:	'	'	'	'
Preferred stock, $.01 par value per share	'	'	'	'
Excess shares, $.01 par value per share	'	'	'	'
Capital in excess of par value	-15,044,129	-14,727,738	'	'
Accumulated earnings (deficit)	-63,572	-68,630	'	'
Accumulated distributions	10,201,416	10,048,177	'	'
Accumulated other comprehensive loss	5,659	5,706	'	'
Total Stockholders' Equity	-4,900,626	-4,742,485	'	'
Total Liabilities and Stockholders' Equity	($4,945,543)	($4,784,938)	'	'

Consolidating_Statement_of_Ope

Consolidating Statement of Operations (Detail) (USD $)	3 Months Ended				12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013		Dec. 31, 2013
Revenues:	'		'		'
Rental income from operating leases	$42,854		$39,470		'
Property operating revenues	51,668		46,803		'
Interest income on mortgages and other notes receivable	3,133		3,419		'
Total revenues	97,655		89,692		'
Expenses:	'		'		'
Property operating expenses	51,004		47,252		'
Asset management fees to advisor	8,571	[1]	9,213	[1]	'
General and administrative	3,996		3,993		'
Ground lease and permit fees	3,643		4,002		'
Acquisition fees and costs	724		367		'
Other operating expenses	763		678		'
Bad debt expense	1,006		26		'
Depreciation and amortization	31,934		28,758		'
Total expenses	101,641		94,289		'
Operating income (loss)	-3,986		-4,597		'
Other income (expense):	'		'		'
Interest and other income (expense)	2		327		'
Interest expense and loan cost amortization (includes $414 loss on termination of cash flow hedges)	-19,060		-16,264		'
Equity in earnings of unconsolidated entities	4,299		-1,123		'
Total other income (expense)	-14,759		-17,060		'
Income (loss) from continuing operations	-18,745		-21,657		'
Discontinued operations	-1,608		-1,642		'
Net income (loss)	-20,353		-23,299		-252,539
Issuer	'		'		'
Expenses:	'		'		'
Asset management fees to advisor	8,571		9,213		'
General and administrative	3,378		3,499		'
Acquisition fees and costs	724		367		'
Other operating expenses	11		174		'
Total expenses	12,684		13,253		'
Operating income (loss)	-12,684		-13,253		'
Other income (expense):	'		'		'
Interest and other income (expense)	7		5		'
Interest expense and loan cost amortization (includes $414 loss on termination of cash flow hedges)	-7,903		-7,857		'
Equity in earnings (loss), intercompany	227		-2,194		'
Total other income (expense)	-7,669		-10,046		'
Income (loss) from continuing operations	-20,353		-23,299		'
Net income (loss)	-20,353		-23,299		'
Guarantor Subsidiaries	'		'		'
Revenues:	'		'		'
Rental income from operating leases	16,168		18,659		'
Property operating revenues	3,191		472		'
Interest income on mortgages and other notes receivable	1,185		1,041		'
Total revenues	20,544		20,172		'
Expenses:	'		'		'
Property operating expenses	8,394		6,568		'
General and administrative	225		92		'
Ground lease and permit fees	1,898		2,112		'
Other operating expenses	208		'		'
Bad debt expense	'		16		'
Depreciation and amortization	9,842		9,651		'
Total expenses	20,567		18,439		'
Operating income (loss)	-23		1,733		'
Other income (expense):	'		'		'
Interest and other income (expense)	82		355		'
Interest expense and loan cost amortization (includes $414 loss on termination of cash flow hedges)	-3,722		-3,588		'
Equity in earnings of unconsolidated entities	4,299		-1,123		'
Equity in earnings (loss), intercompany	1,117		2,638		'
Total other income (expense)	1,776		-1,718		'
Income (loss) from continuing operations	1,753		15		'
Discontinued operations	-2,291		-1,343		'
Net income (loss)	-538		-1,328		'
Non-Guarantor Subsidiaries	'		'		'
Revenues:	'		'		'
Rental income from operating leases	26,686		20,811		'
Property operating revenues	48,477		46,331		'
Interest income on mortgages and other notes receivable	3,060		3,345		'
Total revenues	78,223		70,487		'
Expenses:	'		'		'
Property operating expenses	42,610		40,684		'
General and administrative	393		402		'
Ground lease and permit fees	1,745		1,890		'
Other operating expenses	544		504		'
Bad debt expense	1,006		10		'
Depreciation and amortization	22,092		19,107		'
Total expenses	68,390		62,597		'
Operating income (loss)	9,833		7,890		'
Other income (expense):	'		'		'
Interest and other income (expense)	-87		-33		'
Interest expense and loan cost amortization (includes $414 loss on termination of cash flow hedges)	-8,547		-5,786		'
Equity in earnings (loss), intercompany	-6,402		-2,632		'
Total other income (expense)	-15,036		-8,451		'
Income (loss) from continuing operations	-5,203		-561		'
Discontinued operations	683		-299		'
Net income (loss)	-4,520		-860		'
Consolidating Adjustments	'		'		'
Revenues:	'		'		'
Interest income on mortgages and other notes receivable	-1,112		-967		'
Total revenues	-1,112		-967		'
Expenses:	'		'		'
Operating income (loss)	-1,112		-967		'
Other income (expense):	'		'		'
Interest expense and loan cost amortization (includes $414 loss on termination of cash flow hedges)	1,112		967		'
Equity in earnings (loss), intercompany	5,058		2,188		'
Total other income (expense)	6,170		3,155		'
Income (loss) from continuing operations	5,058		2,188		'
Net income (loss)	$5,058		$2,188		'

[1]	Amounts are recorded as asset management fees to advisor in the accompanying condensed consolidated statements of operations.

Consolidating_Statement_of_Ope1

Consolidating Statement of Operations (Parenthetical) (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Condensed Financial Statements, Captions [Line Items]	'	'
Termination of cash flow hedges	$414	$414

Consolidating_Statement_of_Com

Consolidating Statement of Comprehensive Income (loss) (Detail) (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Condensed Financial Statements, Captions [Line Items]	'	'	'
Net income (loss)	($20,353)	($23,299)	($252,539)
Other comprehensive income (loss):	'	'	'
Foreign currency translation adjustments	-689	-460	-1,563
Changes in fair value of cash flow hedges:	'	'	'
Amortization of loss on termination of cash flow hedges	414	414	1,655
Unrealized gain arising during the period	322	379	'
Total other comprehensive income (loss)	47	333	'
Comprehensive income (loss)	-20,306	-22,966	'
Issuer	'	'	'
Condensed Financial Statements, Captions [Line Items]	'	'	'
Net income (loss)	-20,353	-23,299	'
Other comprehensive income (loss):	'	'	'
Foreign currency translation adjustments	-689	-460	'
Changes in fair value of cash flow hedges:	'	'	'
Amortization of loss on termination of cash flow hedges	414	414	'
Unrealized gain arising during the period	322	379	'
Total other comprehensive income (loss)	47	333	'
Comprehensive income (loss)	-20,306	-22,966	'
Guarantor Subsidiaries	'	'	'
Condensed Financial Statements, Captions [Line Items]	'	'	'
Net income (loss)	-538	-1,328	'
Changes in fair value of cash flow hedges:	'	'	'
Comprehensive income (loss)	-538	-1,328	'
Non-Guarantor Subsidiaries	'	'	'
Condensed Financial Statements, Captions [Line Items]	'	'	'
Net income (loss)	-4,520	-860	'
Other comprehensive income (loss):	'	'	'
Foreign currency translation adjustments	-689	-460	'
Changes in fair value of cash flow hedges:	'	'	'
Amortization of loss on termination of cash flow hedges	414	414	'
Unrealized gain arising during the period	322	379	'
Total other comprehensive income (loss)	47	333	'
Comprehensive income (loss)	-4,473	-527	'
Consolidating Adjustments	'	'	'
Condensed Financial Statements, Captions [Line Items]	'	'	'
Net income (loss)	5,058	2,188	'
Other comprehensive income (loss):	'	'	'
Foreign currency translation adjustments	689	460	'
Changes in fair value of cash flow hedges:	'	'	'
Amortization of loss on termination of cash flow hedges	-414	-414	'
Unrealized gain arising during the period	-322	-379	'
Total other comprehensive income (loss)	-47	-333	'
Comprehensive income (loss)	$5,011	$1,855	'

Consolidating_Statement_of_Cas

Consolidating Statement of Cash Flows (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Operating activities:	'	'
Net cash provided by (used in) operating activities	$37,560	$48,644
Investing activities:	'	'
Acquistion of property	-15,250	'
Capital expenditures	-19,244	-15,478
Deposits on real estate investments	-1,238	'
Proceeds from sale of prperty	'	675
Return collateral on loan	'	8,684
Issuance of mortgage loans receivable	'	-81
Changes in restricted cash	-3,503	-9,451
Other	98	100
Net cash provided by (used in) investing activities	-39,137	-15,551
Financing activities:	'	'
Redemptions of common stock	-2,978	-2,919
Distributions to stockholders, net of distribution reinvestments	-20,651	-19,897
Proceeds from mortgage loans and other notes payable	50,702	30,000
Principal payments on mortgage loans and senior notes	-6,817	-5,886
Principal payments on capital leases	-584	-1,947
Payment of entrance fee refunds	-1,030	'
Payment of loan costs	-2,140	-640
Net cash provided (used in) financing activities	16,502	-1,289
Effect of exchange rate fluctuation on cash	-9	-14
Net increase (decrease) in cash	14,916	31,790
Cash at beginning of period	71,574	73,224
Cash at end of period	86,490	105,014
Issuer	'	'
Operating activities:	'	'
Net cash provided by (used in) operating activities	-17,264	-13,549
Investing activities:	'	'
Deposits on real estate investments	-1,238	'
Changes in restricted cash	-12	-11
Intercompany investing	54,508	70,384
Net cash provided by (used in) investing activities	53,258	70,373
Financing activities:	'	'
Redemptions of common stock	-2,978	-2,919
Distributions to stockholders, net of distribution reinvestments	-20,651	-19,897
Net cash provided (used in) financing activities	-23,629	-22,816
Net increase (decrease) in cash	12,365	34,008
Cash at beginning of period	37,668	39,219
Cash at end of period	50,033	73,227
Guarantor Subsidiaries	'	'
Operating activities:	'	'
Net cash provided by (used in) operating activities	23,527	30,967
Investing activities:	'	'
Capital expenditures	-8,714	-5,431
Proceeds from sale of prperty	'	1,000
Changes in restricted cash	298	-6,337
Other	17	15
Net cash provided by (used in) investing activities	-8,399	-10,753
Financing activities:	'	'
Proceeds from mortgage loans and other notes payable	40,000	'
Principal payments on mortgage loans and senior notes	-4,403	-3,140
Principal payments on capital leases	-261	-1,284
Payment of loan costs	-2,103	'
Intercompany financing	-51,359	-19,862
Net cash provided (used in) financing activities	-18,126	-24,286
Net increase (decrease) in cash	-2,998	-4,072
Cash at beginning of period	15,671	14,125
Cash at end of period	12,673	10,053
Non-Guarantor Subsidiaries	'	'
Operating activities:	'	'
Net cash provided by (used in) operating activities	31,297	31,226
Investing activities:	'	'
Acquistion of property	-15,250	'
Capital expenditures	-10,530	-10,047
Proceeds from sale of prperty	'	-325
Return collateral on loan	'	8,684
Issuance of mortgage loans receivable	'	-81
Changes in restricted cash	-3,789	-3,103
Other	81	85
Net cash provided by (used in) investing activities	-29,488	-4,787
Financing activities:	'	'
Proceeds from mortgage loans and other notes payable	10,702	30,000
Principal payments on mortgage loans and senior notes	-2,414	-2,746
Principal payments on capital leases	-323	-663
Payment of entrance fee refunds	-1,030	'
Payment of loan costs	-37	-640
Intercompany financing	-3,149	-50,522
Net cash provided (used in) financing activities	3,749	-24,571
Effect of exchange rate fluctuation on cash	-9	-14
Net increase (decrease) in cash	5,549	1,854
Cash at beginning of period	18,235	19,880
Cash at end of period	23,784	21,734
Consolidating Adjustments	'	'
Investing activities:	'	'
Intercompany investing	-54,508	-70,384
Net cash provided by (used in) investing activities	-54,508	-70,384
Financing activities:	'	'
Intercompany financing	54,508	70,384
Net cash provided (used in) financing activities	$54,508	$70,384

Subsequent_Events_Additional_I

Subsequent Events - Additional Information (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013	2-May-14	Apr. 30, 2014	Apr. 30, 2014
In Millions, unless otherwise specified			Subsequent Event	Subsequent Event	Subsequent Event
					Managed Properties
					Property
Subsequent Event [Line Items]	'	'	'	'	'
Carrying value of collateral	'	'	'	$7.90	'
Number of leased properties transitioned	'	'	'	'	4
Common stock, shares authorized	1,000	1,000	20	'	'