CNL Lifestyle Properties (CLLY) 10-Q 13 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 10, 2014
Document Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
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	'	325,189,585

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Assets	'	'	'	'
Real estate investment properties, net (including $176,249 and $184,306 related to consolidated variable interest entities, respectively)	$1,890,582	$2,068,973	'	'
Cash	277,122	71,574	128,496	73,224
Investments in unconsolidated entities	129,990	132,324	'	'
Deferred rent and lease incentives	53,374	57,378	'	'
Restricted cash	52,721	51,335	'	'
Other assets	45,017	52,310	'	'
Intangibles, net	30,046	36,922	'	'
Accounts and other receivables, net	22,202	21,080	'	'
Mortgages and other notes receivable, net	20,551	117,963	'	'
Assets held for sale, net	13,261	90,794	'	'
Total Assets	2,534,866	2,700,653	'	'
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'	'	'
Mortgages and other notes payable (including $51,420 and $87,095 related to non-recourse debt of consolidated variable interest entities, respectively)	634,512	760,192	'	'
Senior notes, net of discount	370,321	394,419	'	'
Line of credit	122,500	50,000	'	'
Other liabilities	61,388	76,816	'	'
Accounts payable and accrued expenses	58,049	49,823	'	'
Due to affiliates	564	1,025	'	'
Total Liabilities	1,247,334	1,332,275	'	'
Commitments and contingencies (Note 16)	'	'	'	'
Stockholders' equity:	'	'	'	'
Preferred stock, $.01 par value per share 200 million shares authorized and unissued	0	'	'	'
Excess shares, $.01 par value per share 120 million shares authorized and unissued	0	'	'	'
Common stock, $.01 par value per share One billion shares authorized; 349,084 and 345,114 shares issued and 325,214 and 322,627 shares outstanding as of September 30, 2014 and December 31, 2013, respectively	3,252	3,226	'	'
Capital in excess of par value	2,864,036	2,846,265	'	'
Accumulated deficit	-400,220	-401,985	'	'
Accumulated distributions	-1,176,750	-1,073,422	'	'
Accumulated other comprehensive loss	-2,786	-5,706	'	'
Total Stockholders' Equity	1,287,532	1,368,378	'	1,711,431
Total Liabilities and Stockholders' Equity	$2,534,866	$2,700,653	'	'

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Real estate investment properties, net	$176,249	$184,306
Mortgages and other notes payable	$51,420	$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	349,084,000	345,114,000
Common stock, shares outstanding	325,214,000	322,627,000

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues:	'	'	'	'
Rental income from operating leases	$37,631	$31,466	$115,009	$101,159
Property operating revenues	140,683	126,707	283,064	256,622
Interest income on mortgages and other notes receivable	1,965	3,253	8,044	10,035
Total revenues	180,279	161,426	406,117	367,816
Expenses:	'	'	'	'
Property operating expenses	81,726	73,273	205,255	189,179
Asset management fees to advisor	6,053	6,498	18,999	21,445
General and administrative	4,307	3,882	13,452	12,858
Ground lease and permit fees	2,849	3,132	9,688	9,602
Acquisition fees and costs	509	1,009	2,513	1,922
Other operating expenses	2,170	2,338	4,028	4,307
Bad debt expense	65	1,823	1,062	5,882
Recovery on lease terminations	'	'	-741	'
Loan loss provision	750	'	3,270	'
Impairment provision	'	2,740	'	45,191
Depreciation and amortization	33,622	30,731	96,691	88,587
Total expenses	132,051	125,426	354,217	378,973
Operating income (loss)	48,228	36,000	51,900	-11,157
Other income (expense):	'	'	'	'
Interest and other income (expense)	775	-13	866	504
Bargain purchase gain	'	2,653	'	2,653
Interest expense and loan cost amortization (includes $57 and $460 loss on termination of cash flow hedges for the quarter and nine months ended September 30, 2014, respectively)	-18,556	-15,852	-57,322	-48,513
Loss on extinguishment of debt	-1,620	'	-1,816	'
Gain from sale of unconsolidated entities	'	55,394	'	55,394
Equity in earnings of unconsolidated entities	3,176	4,147	6,949	9,183
Total other income (expense)	-16,225	46,329	-51,323	19,221
Income (loss) from continuing operations	32,003	82,329	577	8,064
Income (loss) from discontinued operations (includes $3,027 amortization of loss and loss on termination of cash flow hedges for the nine months ended September 30, 2014 and $414 and $1,241 amortization of loss on termination of cash flow hedges for the quarter and nine months ended September 30, 2013, respectively.)	-1,380	-4,036	1,188	-8,275
Net income (loss)	$30,623	$78,293	$1,765	($211)
Net income (loss) per share of common stock (basic and diluted)	'	'	'	'
Continuing operations	$0.10	$0.26	$0	$0.03
Discontinued operations	($0.01)	($0.01)	$0.01	($0.03)
Income per share	$0.09	$0.25	$0.01	$0
Weighted average number of shares of common stock outstanding (basic and diluted)	325,707	319,507	324,194	317,960

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Operations (Parenthetical) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Loss on termination of cash flow hedge	$57	'	$460	'	'
Amortization of loss and loss on termination of cash flow hedges	56	414	3,487	1,241	1,655
Discontinued Operations	'	'	'	'	'
Amortization of loss and loss on termination of cash flow hedges	'	$414	$3,027	$1,241	'

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Comprehensive Losses (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Net income (loss)	$30,623	$78,293	$1,765	($211)	($252,539)
Other comprehensive income (loss):	'	'	'	'	'
Foreign currency translation adjustments	-1,478	410	-1,383	-804	-1,563
Changes in fair value of cash flow hedges:	'	'	'	'	'
Amortization of loss and loss on termination of cash flow hedges	56	414	3,487	1,241	1,655
Unrealized gain arising during the period	204	60	816	1,459	'
Total other comprehensive income (loss)	-1,218	884	2,920	1,896	'
Total comprehensive income	$29,405	$79,177	$4,685	$1,685	'

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
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 income	-252,539	'	'	-252,539	'	'
Distributions, declared and paid ($0.4252 per share for 2013 and $0.3189 per share for 2014)	-135,450	'	'	'	-135,450	'
Foreign currency translation adjustment	-1,563	'	'	'	'	-1,563
Amortization of loss and 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	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)	'	3,970	'	'	'	'
Subscriptions received for common stock through distribution reinvestment plan	27,209	40	27,169	'	'	'
Redemption of common stock (in shares)	'	-1,383	'	'	'	'
Redemption of common stock	-9,412	-14	-9,398	'	'	'
Net income	1,765	'	'	1,765	'	'
Distributions, declared and paid ($0.4252 per share for 2013 and $0.3189 per share for 2014)	-103,328	'	'	'	-103,328	'
Foreign currency translation adjustment	-1,383	'	'	'	'	-1,383
Amortization of loss and loss on termination of cash flow hedges	3,487	'	'	'	'	3,487
Current period adjustment to recognize changes in fair value of cash flow hedges, net of reclassifications	816	'	'	'	'	816
Balance at Sep. 30, 2014	$1,287,532	$3,252	$2,864,036	($400,220)	($1,176,750)	($2,786)
Balance (in shares) at Sep. 30, 2014	'	325,214	'	'	'	'

Condensed_Consolidated_Stateme4

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Distributions, declared and paid	$0.32	$0.43

Condensed_Consolidated_Stateme5

Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Operating activities:	'	'
Net cash provided by operating activities	$132,818	$133,035
Investing activities:	'	'
Acquisition of properties	-128,390	-83,451
Capital expenditures	-55,888	-52,722
Proceeds from sale of properties	370,774	11,000
Proceeds from sale of unconsolidated entities	'	195,446
Proceeds from release of collateral on loan payable	'	11,167
Collection of mortgage loans receivable	83,459	4,220
Changes in restricted cash	-1,876	-12,377
Other	823	-524
Net cash provided by (used in) investing activities	268,902	72,759
Financing activities:	'	'
Redemptions of common stock	-9,412	-8,954
Distributions to stockholders, net of distribution reinvestments	-76,119	-60,180
Proceeds under line of credit	102,500	50,000
Proceeds from mortgage loans and other notes payable	57,790	30,000
Principal payments on line of credit	-30,000	-145,000
Principal payments on mortgage loans and senior notes	-231,846	-12,318
Principal payments on capital leases	-4,545	-3,313
Payments of entrance fee refunds	-1,257	'
Payment of loan costs	-3,204	-751
Net cash provided by (used in) financing activities	-196,093	-150,516
Effect of exchange rate fluctuations on cash	-79	-6
Net increase in cash	205,548	55,272
Cash at beginning of period	71,574	73,224
Cash at end of period	277,122	128,496
Supplemental disclosure of non-cash investing activities:	'	'
Assumption of entrance fee liabilities	'	13,810
Supplemental disclosure of non-cash financing activities:	'	'
Assumption of debt	$25,510	'

Organization_and_Nature_of_Bus

Organization and Nature of Business	9 Months Ended
	Sep. 30, 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 purposes. 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 September 30, 2014, the Company owned 107 lifestyle properties directly and indirectly within the following asset classes: ski and mountain lifestyle, senior housing, attractions, marinas and additional lifestyle properties. Eight of these 107 properties are owned through unconsolidated joint ventures and three are located in Canada. The Company made and may continue to make selected asset dispositions and used and may continue to use such proceeds to retire indebtedness, invest in other income producing investment opportunities or to enhance existing assets.
	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. On September 30, 2014, in connection with this process, the Company sold 46 of its 48 total golf properties as further described in Note 5. “Assets Held for Sale, net and Discontinued Operations”.

Significant_Accounting_Policie

Significant Accounting Policies	9 Months Ended
	Sep. 30, 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 quarter and nine months ended September 30, 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 variable interest is 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.
	Assets Reclassified from Held for Sale to Held and Used — Upon management’s determination to discontinue marketing properties for sale, the properties will no longer meet the held for sale criteria and are required to be reclassified as held and used at the lower of adjusted carrying value (carrying value of the properties prior to being classified as held for sale adjusted for any depreciation and/or amortization expense that would have been recognized had the properties been continuously classified as held and used) or its fair value at the date of the subsequent decision not to sell. If adjusted carrying value is determined to be lower, a catch up adjustment will be recorded. The depreciation and/or amortization expenses that would have been recognized had the properties been continuously classified as held and used and will be included as a component of depreciation and amortization expense in the accompanying unaudited condensed consolidated statements of operations. If fair value is determined to be lower, the Company will record a gain or loss included in income or loss from continuing operations in the accompanying unaudited condensed consolidated statements of operations.
	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.
	Adopted Accounting Pronouncements — In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“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.
	Recent Accounting Pronouncements — In April 2014, the FASB issued 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 qualifies 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 May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers,” as a new Accounting Standards Codification (“ASC”) topic (Topic 606). The core principle of this amendment is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard further provides guidance for any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (for example, lease contracts). This ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period, with earlier adoption not permitted. ASU 2014-09 can be adopted using one of two retrospective application methods: 1) retrospectively to each prior reporting period presented or 2) as a cumulative-effect adjustment as of the date of adoption. The Company is currently evaluating the amendments of ASU 2014-09; however, these amendments could potentially have a significant impact on its consolidated financial position, results of operations or cash flows.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2014
Acquisitions	'
	3	Acquisitions:
	During the nine months ended September 30, 2014, the Company acquired the following properties (in thousands):
				Date of		Purchase
	Product/Description		Location	Acquisition (2)		Price
	Pacifica Senior Living Victoria Court—One senior housing property		Rhode Island		1/15/14	$	15,250
	Pacifica Senior Living Northridge—One senior housing property		California		6/6/14		25,250
	La Conner Retirement Inn—One senior housing property		Washington		6/2/14		8,250
	South Pointe Assisted Living—One senior housing property		Washington		6/2/14		4,300
	Pacifica Senior Living Modesto—One senior housing property		California		7/24/14		16,250	(1)
	Pacifica Senior Living Bakersfield—One senior housing property		California		7/25/14		28,750	(1)
	Pacifica Senior Living Wilmington—One senior housing property		North Carolina		7/25/14		22,250	(1)
	The Oaks at Braselton—One senior housing property		Georgia		9/22/14		15,000
	The Oaks at Post Road—One senior housing property		Georgia		9/22/14		18,600
						$	153,900
	FOOTNOTES:
	(1)	In connection with acquiring these properties the Company assumed the fair value of loans with an aggregate principal outstanding balance of approximately $25.5 million. See Note 10. “Indebtedness” for additional information.
	(2)	These properties are subject to long-term triple-net leases with an initial term of 10 years with renewal options.
	During the nine months ended September 30, 2013, the Company acquired three senior housing properties and one attractions property for an aggregate purchase price of approximately $83.5 million, net of the present value of entrance fees liabilities assumed on one of the senior housing properties of approximately $13.8 million. In addition, the Company recorded approximately $2.7 million in bargain purchase gain relating to the aforementioned attractions property as a result of the fair value of the net assets acquired exceeding the consideration transferred. The excess resulted from the fact that the seller did not widely market the property for sale and was motivated to sell because the property was deemed an outlier from the other investments owned by the seller. The properties are subject to long-term triple-net leases with an initial term of ten to twenty years with renewal options. The acquisitions for the nine months ended September 30, 2014 and 2013 were not considered material to the Company as such pro forma information has not been included.

Real_Estate_Investment_Propert

Real Estate Investment Properties, net	9 Months Ended
	Sep. 30, 2014
Real Estate Investment Properties, net	'
	4	Real Estate Investment Properties, net:
	As of September 30, 2014 and December 31, 2013, real estate investment properties consisted of the following (in thousands):
			September 30,			December 31,
			2014			2013
	Land and land improvements		$	670,066		$	904,409
	Leasehold interests and improvements			273,899			311,560
	Buildings			955,034			926,098
	Equipment			668,221			692,854
	Less: accumulated depreciation and amortization			(676,638	)		(765,948	)
			$	1,890,582		$	2,068,973
	For the nine months ended September 30, 2014 and 2013, the Company had depreciation and amortization expenses of approximately $91.3 million and $83.0 million, respectively, excluding properties that the Company classified as assets held for sale.

Assets_Held_for_Sale_net_and_D

Assets Held for Sale, net and Discontinued Operations	9 Months Ended
	Sep. 30, 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 nine months ended September 30, 2014, the following transactions occurred:
		•		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.
		•		The Company sold 47 properties consisting of 46 golf properties and one multi-family residential property. In connection with these transactions, the Company received aggregate net sales proceeds of approximately $370.8 million and recorded a net gain of approximately $4.0 million. The remaining two golf properties are expected to be sold by the end of the year.
		•		The Company decided to discontinue marketing the sale of five properties, four of which were previously classified as assets held for sale as of December 31, 2013. The five properties were reclassified as held and used. In September 2014, the Company recorded an adjustment representing the catch up in depreciation and amortization expenses that would have been recognized had the properties been continuously classified as held and used.
	As of September 30, 2014, the Company had classified two golf properties as assets held for sale. The following table presents the net carrying value of the properties classified as held for sale (in thousands):
			September 30,			December 31,
			2014			2013
	Real estate investment properties, net
	Land and land improvements		$	10,854		$	40,097
	Building and building improvements			2,142			47,989
	Equipment			265			2,708
	Total		$	13,261		$	90,794
	Discontinued Operations — 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, which were not accounted for under the equity method of accounting, as of September 30, 2014, as discontinued operations in the accompanying unaudited condensed consolidated statements of operations.
	The following table is a summary of income (loss) from discontinued operations for the quarter and nine months ended September 30, 2014 and 2013 (in thousands):
			Quarter Ended						Nine Months Ended
			September 30,						September 30,
			2014			2013			2014			2013
	Revenues		$	15,891		$	17,245		$	51,940		$	52,073
	Expenses			(11,600	)		(11,860	)		(32,226	)		(33,952	)
	Impairment provision			—			—			(4,464	)		—
	Depreciation and amortization			—			(7,618	)		(4,891	)		(22,577	)
	Operating income (loss)			4,291			(2,233	)		10,359			(4,456	)
	Gain from sale of properties			3,953			2			3,883			2,085
	Loss on extinguishment of debt (1)			(8,293	)		—			(5,690	)		—
	Other expense (2)			(1,331	)		(1,805	)		(7,364	)		(5,904	)
	Income (loss) from discontinued operations		$	(1,380	)	$	(4,036	)	$	1,188		$	(8,275	)
	FOOTNOTES:
	(1)	During the quarter and nine months ended September 30, 2014, the Company recorded loss on extinguishment of debt from the sale of its 46 golf properties. In addition, during the nine months ended September 30, 2014, the Company recorded gain on extinguishment of debt from the sale of its multi-family residential property.
	(2)	Amounts include amortization of loss and loss on termination of cash flow hedge of approximately $3.0 million for the nine months ended September 30, 2014. In addition, amounts include amortization of loss on termination of cash flow hedge of approximately $0.4 million and $1.2 million for the quarter and nine months ended September 30, 2013, respectively. See Note 11. “Derivative Instruments and Hedging Activities” for additional information.

Intangibles_net

Intangibles, net	9 Months Ended
	Sep. 30, 2014
Intangibles, net	'
	6	Intangibles, net:
	The gross carrying amount and accumulated amortization of the Company’s intangible assets as of September 30, 2014 and December 31, 2013 are as follows (in thousands):
			Gross								September 30, 2014
			Carrying		Accumulated						Net Book
	Intangible Assets		Amount		Amortization			Disposal (2)			Value
	In place leases		$	34,858	$	(20,317	)	$	(1,282	)	$	13,259
	Trade name (finite-lived)			9,060		(1,852	)		(7,208	)		—
	Trade name (infinite-lived)			12,322		—			—			12,322
	Above-market leases (1)			4,566		(101	)		—			4,465
	Total		$	60,806	$	(22,270	)	$	(8,490	)	$	30,046
			Gross					December 31, 2013
			Carrying		Accumulated			Net Book
	Intangible Assets		Amount		Amortization			Value
	In place leases		$	34,745	$	(17,513	)	$	17,232
	Trade name (finite-lived)			9,060		(1,789	)		7,271
	Trade name (infinite-lived)			12,419		—			12,419
	Total		$	56,224	$	(19,302	)	$	36,922
	FOOTNOTES:
	(1)	The Company recorded above-market lease intangible in connection with the acquisition of two senior housing properties.
	(2)	In connection with the sale of the 46 golf properties, the Company disposed of the above intangible assets.
	The estimated future amortization expense for the Company’s finite-lived intangible assets as of September 30, 2014 is as follows (in thousands):
			In-place		Above-market			Total
			Lease		Lease			Intangible
								Assets
	2014		$	994	$	121		$	1,115
	2015			2,718		485			3,203
	2016			1,189		485			1,674
	2017			1,056		485			1,541
	2018			886		485			1,371
	Thereafter			6,416		2,404			8,820
	Total		$	13,259	$	4,465		$	17,724

Operating_Leases

Operating Leases	9 Months Ended
	Sep. 30, 2014
Operating Leases	'
	7	Operating Leases:
	As of December 31, 2013, the Company leased 72 properties under long-term, triple-net leases to third-parties. During the nine months ended September 30, 2014, the Company sold 47 properties, of which 34 properties were previously subject to long-term triple-net leases. During the same period, the Company also acquired nine senior housing properties and transitioned four marinas from leased to managed structures. As of September 30, 2014, the Company leased 43 properties under long-term triple-net leases to third-parties.
	The following is a schedule of future minimum lease payments to be received under the non-cancellable operating leases with third-parties at September 30, 2014 (in thousands):
	2014		$	27,268
	2015			120,233
	2016			122,226
	2017			124,274
	2018			125,884
	Thereafter			1,157,479
	Total		$	1,677,364

Variable_Interest_and_Unconsol

Variable Interest and Unconsolidated Entities	9 Months Ended
	Sep. 30, 2014
Variable Interest and Unconsolidated Entities	'
	8	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 the tenants 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):
			September 30,			December 31,
			2014			2013
	Assets
	Real estate investment properties, net		$	176,249		$	184,306
	Other assets		$	25,012		$	29,075
	Liabilities
	Mortgages and other notes payable		$	51,420		$	87,095
	Other liabilities		$	11,819		$	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 $138.0 million and $113.1 million as of September 30, 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 September 30, 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 $22.8 million and $25.2 million as of September 30, 2014 and December 31, 2013, respectively.
	The Intrawest Venture is working with the Canada Revenue Agency 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 $1.4 million. As such, an accrual of $1.4 million has been reflected in the financial information of the Intrawest Venture.
	In June 2014, the Intrawest Venture decided to discontinue marketing for sale six of its seven village retail properties. As a result, the properties no longer met the asset held for sale criteria and the Intrawest Venture recorded an adjustment representing the catch up in depreciation and amortization expense that would have been recognized had the properties been continuously classified as held and used. The properties were reclassified as held and used at the lower of adjusted carrying value, which was lower than its fair value so no gain or loss was recorded with the reclassification. The Intrawest Venture continues to pursue the sale of the seventh village retail property and expects to complete the sale during 2015.
	The following tables present financial information for the Company’s unconsolidated entities for the quarter and nine months ended September 30, 2014 and 2013 (in thousands):
	Summarized operating data:
			Quarter Ended September 30, 2014
			DMC			Intrawest
			Partnership			Venture			Total
	Revenues		$	6,870		$	4,258		$	11,128
	Property operating expenses			(305	)		(2,256	)		(2,561	)
	Depreciation and amortization			(2,327	)		(1,118	)		(3,445	)
	Interest expense			(1,909	)		(1,125	)		(3,034	)
	Income (loss) from continuing operations			2,329			(241	)		2,088
	Discontinued operations (3)			—			266			266
	Net income		$	2,329		$	25		$	2,354
	Loss allocable to other venture partners (1)		$	(532	)	$	(406	)(2)	$	(938	)
	Income allocable to the Company (1)		$	2,861		$	431		$	3,292
	Amortization of capitalized costs			(64	)		(52	)		(116	)
	Equity in earnings of unconsolidated entities		$	2,797		$	379		$	3,176
	Distributions declared to the Company		$	2,859		$	742		$	3,601
	Distributions received by the Company		$	2,829		$	492		$	3,321
	Summarized operating data:
			Quarter Ended September 30, 2013
			DMC			Intrawest			CNLSun I			CNLSun II			CNLSun III
			Partnership			Venture			Venture (4)			Venture (4)			Venture (4)			Total
	Revenues		$	6,870		$	4,142		$	—		$	—		$	—		$	11,012
	Property operating expenses			(205	)		(2,236	)		—			—			—			(2,441	)
	Depreciation and amortization			(2,237	)		—			—			—			—			(2,237	)
	Interest expense			(1,986	)		(1,131	)		—			—			—			(3,117	)
	Interest and other income (expense)			1			(1	)		—			—			—			—
	Income from continuing operations			2,443			774			—			—			—			3,217
	Discontinued operations (3)			—			274			—			—			—			274
	Net income		$	2,443		$	1,048		$	—		$	—		$	—		$	3,491
	Loss allocable to other venture partners (1)		$	(416	)	$	(406	)(2)	$	—		$	—		$	—		$	(822	)
	Income allocable to the Company (1)		$	2,859		$	1,454		$	—		$	—		$	—		$	4,313
	Amortization of capitalized costs			(108	)		(58	)		—			—			—			(166	)
	Equity in earnings of unconsolidated entities		$	2,751		$	1,396		$	—		$	—		$	—		$	4,147
	Distributions declared to the Company		$	2,860		$	620		$	—		$	—		$	—		$	3,480
	Distributions received by the Company		$	2,829		$	348		$	3,920		$	522		$	835		$	8,454
			Nine Months Ended September 30, 2014
			DMC			Intrawest
			Partnership			Venture			Total
	Revenues		$	21,649		$	12,859		$	34,508
	Property operating expenses			(569	)		(6,986	)		(7,555	)
	Depreciation and amortization			(6,779	)		(5,455	)		(12,234	)
	Interest expense			(5,743	)		(3,534	)		(9,277	)
	Income (loss) from continuing operations			8,558			(3,116	)		5,442
	Discontinued operations (3)			—			812			812
	Net income (loss)		$	8,558		$	(2,304	)	$	6,254
	Income (loss) allocable to other venture partners (1)		$	72		$	(1,205	)(2)	$	(1,133	)
	Income (loss) allocable to the Company (1)		$	8,486		$	(1,099	)	$	7,387
Amortization of capitalized costs			(280	)		(158	)		(438	)
Equity in earnings (loss) of unconsolidated entities		$	8,206		$	(1,257	)	$	6,949
Distributions declared to the Company		$	8,485		$	1,892		$	10,377
Distributions received by the Company		$	8,485		$	1,411		$	9,896
		Nine Months Ended September 30, 2013
		DMC			Intrawest			CNLSun I			CNLSun II			CNLSun III
		Partnership			Venture			Venture (4)			Venture (4)			Venture (4)			Total
Revenues		$	21,192		$	12,724		$	71,287		$	19,654		$	21,549		$	146,406
Property operating expenses			(450	)		(6,998	)		(45,999	)		(15,439	)		(14,609	)		(83,495	)
Depreciation and amortization			(6,786	)		—			(10,994	)		(2,244	)		(2,874	)		(22,898	)
Interest expense			(5,936	)		(3,489	)		(16,154	)		(2,057	)		(2,928	)		(30,564	)
Interest and other income (expense)			4			(2	)		20			—			—			22
Income (loss) from continuing operations			8,024			2,235			(1,840	)		(86	)		1,138			9,471
Discontinued operations (3)			—			893			—			—			—			893
Net income (loss)		$	8,024		$	3,128		$	(1,840	)	$	(86	)	$	1,138		$	10,364
Income (loss) allocable to other venture partners (1)		$	(461	)	$	(1,205	)(2)	$	(1,341	)	$	(8	)	$	1,788		$	(1,227	)
Income (loss) allocable to the Company (1)		$	8,485		$	4,333		$	(499	)	$	(78	)	$	(650	)	$	11,591
Amortization of capitalized costs			(325	)		(175	)		(1,305	)		(431	)		(172	)		(2,408	)
Equity in earnings (loss) of unconsolidated entities		$	8,160		$	4,158		$	(1,804	)	$	(509	)	$	(822	)	$	9,183
Distributions declared to the Company		$	8,486		$	1,737		$	7,797		$	1,039		$	1,660		$	20,719
Distributions received by the Company		$	8,478		$	1,807		$	11,750		$	1,567		$	4,965		$	28,567
FOOTNOTES:
(1)	Income (loss) is allocated between the Company and its venture partner using the hypothetical liquidation book value (“HLBV”) method of accounting.
(2)	This amount includes 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)	This amount represents the one village retail property that remains classified as an asset held for sale.
(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 such, summarized operating data for these ventures is reported through June 30, 2013.
As of September 30, 2014 and December 31, 2013, the Company’s share of partners’ capital determined under HLBV was approximately $121.9 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 $8.1 million and $7.4 million, respectively.

Mortgages_and_Other_Notes_Rece

Mortgages and Other Notes Receivable, net	9 Months Ended
	Sep. 30, 2014
Mortgages and Other Notes Receivable, net	'
	9	Mortgages and Other Notes Receivable, net:
	In December 2013, the Company recorded a loan loss provision in anticipation of a troubled debt restructure on one of its notes receivable, which was collateralized by a ski property, as a result of the borrower having financial difficulties. In April 2014, the Company completed the troubled debt restructure which reduced the fixed interest rates with a cap of 11% to a fixed interest rate of 6.5% through the end of 2014 and 7% from January 2015 through December 2018. In addition, the maturity date was accelerated from September 2022 to a new maturity date of December 2018. The loan requires interest only payments with principal payment at maturity. The modification is effective as of September 1, 2013.
	During the nine months ended September 30, 2014, the Company foreclosed on an attractions property that served as collateral on one of its mortgage notes receivable. The estimated fair value of the collateral was $7.9 million, which approximated the carrying value of the loan. In addition, the Company recorded a loan loss provision of approximately $3.3 million on one of its mortgage and other notes receivable as a result of uncertainty related to the collectability of the note receivable. Furthermore, during the same period, the Company received approximately $83.5 million in repayment of loans, mostly related to loans which matured during 2014.
	The estimated fair market value of the Company’s mortgages and other notes receivable was approximately $19.9 million and $112.2 million as of September 30, 2014 and December 31, 2013, respectively, based on discounted cash flows for each individual instrument based on market interest rates as of September 30, 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 September 30, 2014 and December 31, 2013 because of the relatively short maturities of the receivables.
	The following is a schedule of future principal maturities for all mortgages and other notes receivable (in thousands):
	2014		$	18
	2015			57
	2016			3,329
	2017			1,500
	2018			—
	Thereafter			16,620
	Total		$	21,524

Indebtedness

Indebtedness	9 Months Ended
	Sep. 30, 2014
Indebtedness	'
	10	Indebtedness:
	Mortgages and Other Notes Payable — 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 Note 8. “Variable Interest and Unconsolidated Entities” above for additional information. The other terms of the existing loan remain the same.
	In June 2014, the Company extended the maturity date of its $105.0 million collateralized bridge loan from June 30, 2014 to December 20, 2014 and paid an extension fee of 0.25%. Simultaneously with exercising its extension option, the Company repaid $7.0 million of the principal balance.
	In July 2014, the Company acquired three properties and assumed the fair value of three loans with a principal outstanding balance of approximately $25.5 million. The loans bear interest ranging from 4.7% to 6.9% and mature between October 2018 and January 2019. In addition to the three loans assumed, the Company obtained two supplemental loans with a third-party lender in an aggregate amount of approximately $7.1 million to partially fund an acquisition. The loans bear interest at an annual fixed rate of 4.82% and mature in October 2018.
	During the nine months ended September 30, 2014, the Company repaid loans with an aggregate outstanding principal balance of approximately $185.4 million primarily with the net sales proceeds received from the sale of 47 properties (one multi-family residential and 46 golf properties) and proceeds from its revolving line of credit. The loans repaid were primarily collateralized by the properties sold.
	Senior Notes, Net of Discount — During the quarter ended September 30, 2014, the Company repurchased at a premium the face value of $24.5 million of its senior notes and recorded a loss of approximately $1.6 million, including the write-off of unamortized loan costs.
	Line of Credit — During the nine months ended September 30, 2014, the Company funded the acquisition of three senior housing properties of approximately $37.8 million through its revolving line of credit and repaid $30.0 million. As of September 30, 2014, Company’s revolving line of credit had an outstanding principal balance of $122.5 million.
	The following is a schedule of future principal payments and maturities for all indebtedness (in thousands):
	2014		$	145,000
	2015			175,513
	2016			110,546
	2017			128,109
	2018			140,769
	Thereafter			427,365
	Total		$	1,127,302
	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 except as required to maintain the Company’s REIT status. In addition, under the terms of the indenture governing the 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 in the indenture. The Company was in compliance with all applicable provisions as of September 30, 2014.
	The estimated fair values of mortgages and other notes payable and the line of credit were approximately $752.6 million and $803.7 million as of September 30, 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 $384.1 million and $410.4 million as of September 30, 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 September 30, 2014 and December 31, 2013 because of the relatively short maturities of the obligations.

Derivative_Instruments_and_Hed

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2014
Derivative Instruments and Hedging Activities	'
	11	Derivative Instruments and Hedging Activities:
	The Company utilizes derivative instruments to partially offset 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 December 31, 2013, the Company had five interest rate swaps that were designed as cash flow hedges of interest payments from their inception. During the nine months ended September 30, 2014, three of the loans were paid in full and the corresponding interest rate swaps with an aggregate notional amount of approximately $97.7 million were suspended. As a result, the ineffective portion of the change in fair value resulting from the termination of hedges included in the accompanying condensed consolidated balance sheets was reclassified to interest expense and loan cost amortization in the accompanying condensed consolidated statements of operations in both income (loss) from continuing and discontinued operations for the nine months ended September 30, 2014. As of September 30, 2014, the Company had two interest rate swaps. The fair value of the Company’s derivative financial instruments is included in other liabilities in the accompanying condensed consolidated balance sheets as of September 30, 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 September 30, 2014								Gross Amounts Not Offset in
												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
	$	8,490		$	(694	)	$	—	$	(694	)	$	(694	)	$	—	$	(694	)
	$	14,775		$	(345	)	$	—	$	(345	)	$	(345	)	$	—	$	(345	)
				As of December 31, 2013								Gross Amounts Not Offset in
												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	(2)	$	(1,748	)	$	—	$	(1,748	)	$	(1,748	)	$	—	$	(1,748	)
	$	8,746		$	(743	)	$	—	$	(743	)	$	(743	)	$	—	$	(743	)
	$	16,603	(1)(2)	$	(233	)	$	—	$	(233	)	$	(233	)	$	—	$	(233	)
	$	15,450		$	(524	)	$	—	$	(524	)	$	(524	)	$	—	$	(524	)
	$	24,811	(2)	$	(446	)	$	—	$	(446	)	$	(446	)	$	—	$	(446	)
	FOOTNOTES:
	(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 had been converted from Canadian dollars to U.S. dollars at an exchange rate of 0.94 Canadian dollars for $1.00 U.S. dollar on December 31, 2013.
	(2)	During the nine months ended September 30, 2014, the Company terminated three interest rate swaps because the corresponding loans were repaid in full.
	As of September 30, 2014, the Company’s remaining two 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	9 Months Ended
	Sep. 30, 2014
Fair Value Measurements	'
	12	Fair Value Measurements:
	The Company had two investment properties that were classified as assets held for sale and carried at fair value less estimated costs to sell as of September 30, 2014 based on information received from a potential buyer. 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 and information 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 September 30, 2014 and December 31, 2013, as follows (in thousands):
			Fair Value
			Measurement
			as of
			September 30,
			2014		Level 1		Level 2		Level 3
	Assets:
	Assets held for sale carried at fair value		$	13,261	$	—	$	—	$	13,261
	Liabilities:
	Derivative instruments		$	1,039	$	—	$	1,039	$	—
			Fair Value
			Measurement
			as of
			December 31,
			2013		Level 1		Level 2		Level 3
	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	9 Months Ended
	Sep. 30, 2014
Related Party Arrangements	'
	13	Related Party Arrangements:
	In March 2014, the Company’s Advisor amended its advisory agreement, effective April 1, 2014, to eliminate all acquisition fees on equity, performance fees, debt acquisition fees and disposition fees, and to reduce 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 quarters and nine months ended September 30, 2014 and 2013, respectively, the Advisor collectively earned fees and incurred reimbursable expenses as follows (in thousands):
			Quarter Ended				Nine Months Ended
			September 30,				September 30,
			2014		2013		2014		2013
	Acquisition fees:
	Acquisition fees from distribution reinvestment plan (1)		$	—	$	322	$	319	$	963
	Acquisition fees from debt proceeds (2)			—		—		1,521		234
	Total			—		322		1,840		1,197
	Asset management fees (3)			7,506		8,241		23,584		26,665
	Reimbursable expenses: (4)
	Acquisition costs			64		44		202		161
	Operating expenses			1,710		1,627		5,213		5,307
	Total			1,774		1,671		5,415		5,468
	Total fees earned and reimbursable expenses		$	9,280	$	10,234	$	30,839	$	33,330
	FOOTNOTES:
	(1)	Amounts are recorded as acquisition fees and costs in the accompanying unaudited condensed consolidated statements of operations. Effective April 1, 2014, the Advisor eliminated this fee going forward.
	(2)	Amounts are recorded as loan costs and are included as part of other assets in the accompanying unaudited condensed consolidated balance sheets. Effective April 1, 2014, the Advisor eliminated this fee going forward.
	(3)	Amounts are recorded as asset management fees to Advisor including fees related to properties that are classified as assets held for sale that are included as discontinued operations in the accompanying unaudited condensed consolidated statements of operations. Effective April 1, 2014, the asset management fees to Advisor were reduced as described above.
	(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 unaudited condensed consolidated statements of operations.
	Amounts due to affiliates for fees and expenses described above are as follows (in thousands):
			September 30,		December 31,
			2014		2013
	Due to the Advisor and its affiliates:
	Operating expenses		$	543	$	671
	Acquisition fees and expenses			21		354
	Total		$	564	$	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 $15.0 million and $8.6 million as of September 30, 2014 and December 31, 2013, respectively.

Stockholders_Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2014
Stockholders' Equity	'
	14	Stockholders’ Equity:
	Distribution Reinvestment Plan — On September 4, 2014, the Company’s board of directors (“Board”) approved the suspension of its distribution reinvestment plan (“DRP”), effective as of September 26, 2014. As a result of the suspension of the DRP, beginning with the September 2014 quarterly distributions, stockholders who were participants in the DRP will receive cash distributions instead of additional shares in the Company. For the nine months ended September 30, 2014, the Company received aggregate proceeds of approximately $27.2 million (representing 4.0 million shares) through its DRP.
	Distributions — For the nine months ended September 30, 2014, the Company declared and paid distributions of approximately $103.3 million ($0.3189 per share).
	Redemption of Shares — The aggregate amount of funds under the redemption plan was determined on a quarterly basis in the sole discretion of the Company’s Board and was less than and did not exceed the aggregate proceeds from the Company’s DRP subject to limitations established by the Company’s Board from time to time.
	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. 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.
	In September 2014, the Company’s Board approved the suspension of the Company’s redemption plan effective as of September 26, 2014. Pursuant to the redemption plan, all redemption requests received in good order by September 26, 2014, were processed and those deemed priority requests and all approved qualified hardship requests were redeemed as of September 30, 2014, subject to the limitations of the redemption plan. All other redemption requests received by September 26, 2014, will be placed in the redemption queue. However, the Company will not accept or otherwise process any additional redemption requests after September 26, 2014 unless the redemption plan is reinstated by the Board, which is not expected at this time. There is no guarantee that the redemption plan will be reinstated by the Board.
	During the nine months ended September 30, 2014, the Company redeemed approximately $9.4 million (1.4 million shares). The following details the Company’s redemptions for the nine months ended September 30, 2014 (in thousands, except per share data):
	2014 Quarters		First			Second			Third			Year-To-Date
	Requests in queue			10,547			10,798			10,809			10,547
	Redemptions requested			778			864			1,355			2,997
	Shares redeemed:
	Prior period requests			(135	)		(80	)		(60	)		(275	)
	Current period requests			(300	)		(369	)		(439	)		(1,108	)
	Adjustments (1)			(92	)		(404	)		(93	)		(589	)
	Pending redemption requests (2)			10,798			10,809			11,572			11,572
	Average price paid per share		$	6.85		$	6.85		$	6.81	(3)	$	6.84
	FOOTNOTES:
	(1)	This amount represents redemption request cancellations and other adjustments.
	(2)	Requests that were not fulfilled in whole during a particular quarter were redeemed on a pro rata basis to the extent funds were made available pursuant to the redemption plan. Pending requests as of September 30, 2014 will remain in queue and will not be redeemed at this time because the redemption plan has been suspended.
	(3)	Redeemed certain shares for less than the estimated NAV of $6.85 per share because they were purchased on a secondary market at a price less than $6.85 per share.

Supplemental_Condensed_Consoli

Supplemental Condensed Consolidating Financial Statements	9 Months Ended
	Sep. 30, 2014
Supplemental Condensed Consolidating Financial Statements	'
	15	Supplemental Condensed Consolidating Financial Statements:
	The Company has senior notes outstanding which are guaranteed by certain of the Company’s consolidated subsidiaries (the “Guarantor Subsidiaries”). The guarantees are joint and several, full and unconditional. The following summarizes the Company’s unaudited condensed consolidating balance sheets as of September 30, 2014 and December 31, 2013, statement of operations, statement of comprehensive income (loss) and statement of cash flows for the nine months ended September 30, 2014 and 2013 (in thousands):
	Condensed Consolidating Balance Sheet:
			As of September 30, 2014
			Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
						Subsidiaries			Subsidiaries			Adjustments
	ASSETS
	Real estate investment properties, net		$	—		$	541,688		$	1,348,894		$	—		$	1,890,582
	Cash			218,869			26,117			32,136			—			277,122
	Investments in unconsolidated entities			—			129,990			—			—			129,990
	Investments in subsidiaries			1,448,023			1,140,802			1,396,120			(3,984,945	)		—
	Deferred rent and lease incentives			—			24,967			28,407			—			53,374
	Restricted cash			12			28,731			23,978						52,721
	Other assets			9,044			16,558			19,415			—			45,017
	Intangibles, net			—			5,076			24,970			—			30,046
	Accounts and other receivables, net			—			8,702			13,500			—			22,202
	Mortgages and other notes receivable, net			—			50,050			15,612			(45,111	)		20,551
	Assets held for sale, net			—			13,261			—			—			13,261
	Total Assets		$	1,675,948		$	1,985,942		$	2,903,032		$	(4,030,056	)	$	2,534,866
	LIABILITIES AND STOCKHOLDERS’ EQUITY
	Mortgages and other notes payable		$	—		$	195,610		$	482,915		$	(44,013	)	$	634,512
	Senior notes, net of discount			370,321			—			—			—			370,321
	Line of credit			—			122,500			—			—			122,500
	Other liabilities			—			20,138			41,250			—			61,388
	Accounts payable and accrued expenses			17,547			17,383			24,216			(1,097	)		58,049
	Due to affiliates			548			9			7			—			564
	Total Liabilities			388,416			355,640			548,388			(45,110	)		1,247,334
	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			3,252			—			—			—			3,252
	Capital in excess of par value			2,864,036			6,143,364			8,729,686			(14,873,050	)		2,864,036
	Accumulated earnings (deficit)			(400,220	)		146,499			135,794			(282,293	)		(400,220	)
	Accumulated distributions			(1,176,750	)		(4,659,561	)		(6,508,050	)		11,167,611			(1,176,750	)
	Accumulated other comprehensive loss			(2,786	)		—			(2,786	)		2,786			(2,786	)
				1,287,532			1,630,302			2,354,644			(3,984,946	)		1,287,532
	Total Liabilities and Stockholders’ Equity		$	1,675,948		$	1,985,942		$	2,903,032		$	(4,030,056	)	$	2,534,866
	Condensed Consolidating Balance Sheet:
			As of December 31, 2013
			Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
						Subsidiaries			Subsidiaries			Adjustments
	ASSETS
	Real estate investment properties, net		$	—		$	846,914		$	1,222,059		$	—		$	2,068,973
	Cash			37,668			15,671			18,235			—			71,574
	Investments in unconsolidated entities			—			132,324			—			—			132,324
	Investments in subsidiaries			1,726,328			1,150,443			1,865,714			(4,742,485	)		—
	Restricted cash			33			26,595			24,707			—			51,335
	Deferred rent and lease incentives			—			29,839			27,539			—			57,378
	Other assets			11,355			15,829			25,126			—			52,310
	Intangibles, net			—			18,094			18,828			—			36,922
	Accounts and other receivables, net			—			12,241			8,839			—			21,080
	Mortgages and other notes receivable, net			—			45,947			114,469			(42,453	)		117,963
	Assets held for sale, net			—			6,106			84,688			—			90,794
	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 Quarter Ended September 30, 2014
		Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
					Subsidiaries			Subsidiaries			Adjustments
Revenues:
Rental income from operating leases		$	—		$	12,226		$	25,405		$	—		$	37,631
Property operating revenues			—			48,026			92,657			—			140,683
Interest income on mortgages and other notes receivable			—			1,220			1,881			(1,136	)		1,965
Total revenues			—			61,472			119,943			(1,136	)		180,279
Expenses:
Property operating expenses			—			23,585			58,141			—			81,726
Asset management fees to advisor			6,053			—			—			—			6,053
General and administrative			3,998			177			132			—			4,307
Ground lease and permit fees			—			1,700			1,149			—			2,849
Acquisition fees and costs			509						—			—			509
Other operating expenses			452			499			1,219			—			2,170
Bad debt expense (recovery)			—			(47	)		112			—			65
Loss (recovery) on lease terminations			—			—			—			—			—
Loan loss provision			—			—			750			—			750
Depreciation and amortization			—			10,096			23,526			—			33,622
Total expenses			11,012			36,010			85,029			—			132,051
Operating income (loss)			(11,012	)		25,462			34,914			(1,136	)		48,228
Other income (expense):
Interest and other income			6			(3	)		772			—			775
Interest expense and loan cost amortization (includes $57 loss on termination of cash flow hedge)			(7,893	)		(1,935	)		(9,864	)		1,136			(18,556	)
Loss on extinguishment of debt			(1,591	)		(2,603	)		2,574			—			(1,620	)
Equity in loss of unconsolidated entities			—			3,176			—			—			3,176
Equity in earnings (loss), intercompany			51,113			41,189			70,093			(162,395	)		—
Total other income (expense)			41,635			39,824			63,575			(161,259	)		(16,225	)
Income (loss) from continuing operations			30,623			65,286			98,489			(162,395	)		32,003
Income from discontinued operations			—			(1,028	)		(352	)		—			(1,380	)
Net income (loss)		$	30,623		$	64,258		$	98,137		$	(162,395	)	$	30,623
Condensed Consolidating Statement of Operations:
		For the Quarter Ended September 30, 2013
		Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
					Subsidiaries			Subsidiaries			Adjustments
Revenues:
Rental income from operating leases		$	—		$	14,530		$	16,936		$	—		$	31,466
Property operating revenues			—			34,429			92,278			—			126,707
Interest income on mortgages and other notes receivable			—			1,169			3,185			(1,101	)		3,253
Total revenues			—			50,128			112,399			(1,101	)		161,426
Expenses:
Property operating expenses			—			18,419			54,854			—			73,273
Asset management fees to advisor			6,498			—			—			—			6,498
General and administrative			3,275			334			273			—			3,882
Ground lease and permit fees			—			2,041			1,091			—			3,132
Acquisition fees and costs			1,009			—			—			—			1,009
Other operating expenses			248			1,133			957			—			2,338
Bad debt expense			—			886			937			—			1,823
Impairment provision			—			2,740			—			—			2,740
Depreciation and amortization			—			9,923			20,808			—			30,731
Total expenses			11,030			35,476			78,920			—			125,426
Operating income (loss)			(11,030	)		14,652			33,479			(1,101	)		36,000
Other income (expense):
Interest and other income (expense)			59			(58	)		(14	)		—			(13	)
Bargain purchase gain			—			—			2,653			—			2,653
Interest expense and loan cost amortization			(8,107	)		(3,216	)		(5,630	)		1,101			(15,852	)
Gain from sale of unconsolidated entities			—			55,394			—			—			55,394
Equity in earnings of unconsolidated entities			—			4,147						—			4,147
Equity in earnings (loss), intercompany			97,371			106,548			123,357			(327,276	)		—
Total other income (expense)			89,323			162,815			120,366			(326,175	)		46,329
Income (loss) from continuing operations			78,293			177,467			153,845			(327,276	)		82,329
Loss from discontinued operations (includes $414 amortization of loss on termination of cash flow hedges)			—			(3,063	)		(973	)		—			(4,036	)
Net income (loss)		$	78,293		$	174,404		$	152,872		$	(327,276	)	$	78,293
Condensed Consolidating Statement of Operations:
		For the Nine Months Ended September 30, 2014
		Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
					Subsidiaries			Subsidiaries			Adjustments
Revenues:
Rental income from operating leases		$	—		$	41,170		$	73,839		$	—		$	115,009
Property operating revenues			—			81,741			201,323			—			283,064
Interest income on mortgages and other notes receivable			—			3,605			7,814			(3,375	)		8,044
Total revenues			—			126,516			282,976			(3,375	)		406,117
Expenses:
Property operating expenses			—			54,793			150,462			—			205,255
Asset management fees to advisor			18,999			—			—			—			18,999
General and administrative			11,272			569			1,611			—			13,452
Ground lease and permit fees			—			5,672			4,016			—			9,688
Acquisition fees and costs			2,513			—			—			—			2,513
Other operating expenses			874			1,092			2,062			—			4,028
Bad debt expense			—			(45	)		1,107			—			1,062
(Recovery) loss on lease terminations			—			(1,036	)		295			—			(741	)
Loan loss provision			—			—			3,270			—			3,270
Depreciation and amortization			—			29,250			67,441			—			96,691
Total expenses			33,658			90,295			230,264			—			354,217
Operating income (loss)			(33,658	)		36,221			52,712			(3,375	)		51,900
Other income (expense):
Interest and other income (expense)			17			150			699			—			866
Interest expense and loan cost amortization (includes $460 loss on termination of cash flow hedge)			(23,691	)		(10,335	)		(26,671	)		3,375			(57,322	)
Loss on extinguishment of debt			(1,591	)		(2,603	)		2,378			—			(1,816	)
Equity in earnings of unconsolidated entities			—			6,949			—			—			6,949
Equity in earnings (loss), intercompany			60,688			57,197			95,778			(213,663	)		—
Total other income (expense)			35,423			51,358			72,184			(210,288	)		(51,323	)
Income (loss) from continuing operations			1,765			87,579			124,896			(213,663	)		577
Income from discontinued operations (includes ($3,027 amortization of loss and loss on termination of cash flow hedges)			—			143			1,045			—			1,188
Net income (loss)		$	1,765		$	87,722		$	125,941		$	(213,663	)	$	1,765
Condensed Consolidating Statement of Operations:
		For the Nine Months Ended September 30, 2013
		Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
					Subsidiaries			Subsidiaries			Adjustments
Revenues:
Rental income from operating leases		$	—		$	48,071		$	53,088		$	—		$	101,159
Property operating revenues			—			59,160			197,462			—			256,622
Interest income on mortgages and other notes receivable			—			3,351			9,814			(3,130	)		10,035
Total revenues			—			110,582			260,364			(3,130	)		367,816
Expenses:
Property operating expenses			—			44,200			144,979			—			189,179
Asset management fees to advisor			21,445			—			—			—			21,445
General and administrative			11,206			734			918			—			12,858
Ground lease and permit fees			—			5,616			3,986			—			9,602
Acquisition fees and costs			1,922			—			—			—			1,922
Other operating expenses			739			1,121			2,447			—			4,307
Bad debt expense			—			3,100			2,782			—			5,882
Impairment provision			—			45,191			—			—			45,191
Depreciation and amortization			—			29,181			59,406			—			88,587
Total expenses			35,312			129,143			214,518			—			378,973
Operating income (loss)			(35,312	)		(18,561	)		45,846			(3,130	)		(11,157	)
Other income (expense):
Interest and other income			174			372			(42	)		—			504
Bargain purchase gain			—			—			2,653			—			2,653
Interest expense and loan cost amortization			(23,811	)		(11,225	)		(16,607	)		3,130			(48,513	)
Gain from sale of unconsolidated entities			—			55,394			—			—			55,394
Equity in earnings of unconsolidated entities			—			9,183			—			—			9,183
Equity in earnings (loss), intercompany			58,738			114,883			95,606			(269,227	)		—
Total other income (expense)			35,101			168,607			81,610			(266,097	)		19,221
Income (loss) from continuing operations			(211	)		150,046			127,456			(269,227	)		8,064
Loss from discontinued operations
Interest expense and loan cost amortization (includes $1,241 amortization of loss on termination of cash flow hedges)			—			(5,409	)		(2,866	)		—			(8,275	)
Net income (loss)		$	(211	)	$	144,637		$	124,590		$	(269,227	)	$	(211	)
Condensed Consolidating Statement of Other Comprehensive Income (Loss):
		For the Quarter Ended September 30, 2014
		Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
					Subsidiaries			Subsidiaries			Adjustments
Net income (loss)		$	30,623		$	64,258		$	98,137		$	(162,395	)	$	30,623
Other comprehensive income (loss):
Foreign currency translation adjustments			(1,478	)		—			(1,478	)		1,478			(1,478	)
Changes in fair value of cash flow hedges:
Amortization of loss and loss on termination of cash flow hedges			56			—			56			(56	)		56
Unrealized gain (loss) arising during the period			204			—			204			(204	)		204
Total other comprehensive income (loss)			(1,218	)		—			(1,218	)		1,218			(1,218	)
Comprehensive income (loss)		$	29,405		$	64,258		$	96,919		$	(161,177	)	$	29,405
		For the Quarter Ended September 30, 2013
		Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
					Subsidiaries			Subsidiaries			Adjustments
Net income (loss)		$	78,293		$	174,404		$	152,872		$	(327,276	)	$	78,293
Other comprehensive income (loss):
Foreign currency translation adjustments			410			—			410			(410	)		410
Changes in fair value of cash flow hedges:
Amortization of loss on termination of cash flow hedges			414			—			414			(414	)		414
Unrealized gain (loss) arising during the period			60			—			60			(60	)		60
Total other comprehensive income (loss)			884			—			884			(884	)		884
Comprehensive income (loss)		$	79,177		$	174,404		$	153,756		$	(328,160	)	$	79,177
Condensed Consolidating Statement of Other Comprehensive Income (Loss):
		For the Nine Months Ended September 30, 2014
		Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
					Subsidiaries			Subsidiaries			Adjustments
Net income (loss)		$	1,765		$	87,722		$	125,941		$	(213,663	)	$	1,765
Other comprehensive income (loss):
Foreign currency translation adjustments			(1,383	)		—			(1,383	)		1,383			(1,383	)
Changes in fair value of cash flow hedges:
Amortization of loss and loss on termination of cash flow hedges			3,487			—			3,487			(3,487	)		3,487
Unrealized gain (loss) arising during the period			816			—			816			(816	)		816
Total other comprehensive income (loss)			2,920			—			2,920			(2,920	)		2,920
Comprehensive income (loss)		$	4,685		$	87,722		$	128,861		$	(216,583	)	$	4,685
		For the Nine Months Ended September 30, 2013
		Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
					Subsidiaries			Subsidiaries			Adjustments
Net income (loss)		$	(211	)	$	144,637		$	124,590		$	(269,227	)	$	(211	)
Other comprehensive income (loss):
Foreign currency translation adjustments			(804	)		—			(804	)		804			(804	)
Changes in fair value of cash flow hedges:
Amortization of loss on termination of cash flow hedges			1,241			—			1,241			(1,241	)		1,241
Unrealized gain arising during the period			1,459			—			1,459			(1,459	)		1,459
Total other comprehensive income			1,896			—			1,896			(1,896	)		1,896
Comprehensive income (loss)		$	1,685		$	144,637		$	126,486		$	(271,123	)	$	1,685
Condensed Consolidating Statement of Cash Flows:
		For the Nine Months Ended September 30, 2014
		Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
					Subsidiaries			Subsidiaries			Adjustments
Operating activities:
Net cash provided by (used in) operating activities		$	(51,615	)	$	76,708		$	107,725		$	—		$	132,818
Investing activities:
Acquistion of property			—			—			(128,390	)		—			(128,390	)
Capital expenditures			—			(24,306	)		(31,582	)		—			(55,888	)
Proceeds from sale of properties			—			291,620			79,154			—			370,774
Collection of mortgage loans receivable			—			—			83,459			—			83,459
Changes in restricted cash			21			(2,606	)		709			—			(1,876	)
Other			614			148			61			—			823
Intercompany investing			342,212			—			—			(342,212	)		—
Net cash provided by (used in) investing activities			342,847			264,856			3,411			(342,212	)		268,902
Financing activities:
Redemptions of common stock			(9,412	)		—			—			—			(9,412	)
Distributions to stockholders, net of reinvestments			(76,119	)		—			—			—			(76,119	)
Proceeds under line of credit			—			102,500			—			—			102,500
Proceeds from mortgage loans and other notes payable			—			—			57,790			—			57,790
Principal payments on line of credit			—			(30,000	)		—			—			(30,000	)
Principal payments on mortgage loans and senior notes			(24,500	)		(90,480	)		(116,866	)		—			(231,846	)
Principal payments on capital leases			—			(2,642	)		(1,903	)		—			(4,545	)
Payment of entrance fee refunds			—			—			(1,257	)		—			(1,257	)
Payment of loan costs			—			(544	)		(2,660	)		—			(3,204	)
Intercompany financing			—			(309,952	)		(32,260	)		342,212			—
Net cash provided by (used in) financing activities			(110,031	)		(331,118	)		(97,156	)		342,212			(196,093	)
Effect of exchange rate fluctuation on cash			—			—			(79	)		—			(79	)
Net increase in cash			181,201			10,446			13,901			—			205,548
Cash at beginning of period			37,668			15,671			18,235			—			71,574
Cash at end of period		$	218,869		$	26,117		$	32,136		$	—		$	277,122
Condensed Consolidating Statement of Cash Flows:
		For the Nine Months Ended September 30, 2013
		Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
					Subsidiaries			Subsidiaries			Adjustments
Operating activities:
Net cash provided by (used in) operating activities		$	(55,324	)	$	95,174		$	93,185		$	—		$	133,035
Investing activities:
Acquistion and deposits on real estate investments			—			—			(83,451	)		—			(83,451	)
Capital expenditures			—			(21,715	)		(31,007	)		—			(52,722	)
Proceeds from sale of properties			—			11,000			—			—			11,000
Proceeds from sale of unconsolidated entities			—			195,446			—			—			195,446
Proceeds from release of collateral on loan payable			—			—			11,167			—			11,167
Collection of mortgage loans receivable			—			35			4,185			—			4,220
Changes in restricted cash			1			(5,765	)		(6,613	)		—			(12,377	)
Other			(250	)		57			(331	)		—			(524	)
Intercompany investing			164,660			—			—			(164,660	)		—
Net cash provided by (used in) investing activities			164,411			179,058			(106,050	)		(164,660	)		72,759
Financing activities:
Redemptions of common stock			(8,954	)		—			—			—			(8,954	)
Distributions to stockholders, net of reinvestments			(60,180	)		—			—			—			(60,180	)
Proceeds under line of credit			—			50,000			—			—			50,000
Proceeds from mortgage loans and other notes payable			—			—			30,000			—			30,000
Principal payments on line of credit			—			(145,000	)		—			—			(145,000	)
Principal payments on mortgage loans and senior notes			—			(7,431	)		(4,887	)		—			(12,318	)
Principal payments on capital leases			—			(2,007	)		(1,306	)		—			(3,313	)
Payment of loan costs			—			—			(751	)		—			(751	)
Intercompany financing			—			(163,873	)		(787	)		164,660			—
Net cash provided by (used in) financing activities			(69,134	)		(268,311	)		22,269			164,660			(150,516	)
Effect of exchange rate fluctuation on cash			—			—			(6	)		—			(6	)
Net increase in cash			39,953			5,921			9,398			—			55,272
Cash at beginning of period			39,219			14,125			19,880			—			73,224
Cash at end of period		$	79,172		$	20,046		$	29,278		$	—		$	128,496

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies	'
	16	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	9 Months Ended
	Sep. 30, 2014
Subsequent Events	'
	17	Subsequent Events:
	In October 2014, the Company repaid one of its loans with a principal outstanding balance of approximately $45.9 million at September 30, 2014 with the net sales proceeds from the sale of 46 golf properties. Also in October 2014, the Company repaid $100.0 million and borrowed $30.0 million on its revolving line of credit. From October 1, 2014 through the date of this filing, the Company repurchased its senior notes with cash on hand at a premium for $53.9 million with a face value of $52.3 million.
	The Company holds ownerships in two unconsolidated joint ventures, DMC Partnership and the Intrawest Venture. In October 2014, the DMC Partnership refinanced their existing loans, which had matured in September 2014, with a bridge loan from a new third-party lender for an aggregate principal amount of $131.5 million. The new loan bears interest at 30-day LIBOR plus 1.75% with a 0.25% LIBOR floor and matures in May 2015 with one six-month extension option for a fee of approximately $0.7 million.

Significant_Accounting_Policie1

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 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 quarter and nine months ended September 30, 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 variable interest is 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 — 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.
Assets Reclassified from Held for Sale to Held and Used	'
	Assets Reclassified from Held for Sale to Held and Used — Upon management’s determination to discontinue marketing properties for sale, the properties will no longer meet the held for sale criteria and are required to be reclassified as held and used at the lower of adjusted carrying value (carrying value of the properties prior to being classified as held for sale adjusted for any depreciation and/or amortization expense that would have been recognized had the properties been continuously classified as held and used) or its fair value at the date of the subsequent decision not to sell. If adjusted carrying value is determined to be lower, a catch up adjustment will be recorded. The depreciation and/or amortization expenses that would have been recognized had the properties been continuously classified as held and used and will be included as a component of depreciation and amortization expense in the accompanying unaudited condensed consolidated statements of operations. If fair value is determined to be lower, the Company will record a gain or loss included in income or loss from continuing operations in the accompanying unaudited condensed consolidated statements of operations.
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.
Adopted Accounting Pronouncements	'
	Adopted Accounting Pronouncements — In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“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.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements — In April 2014, the FASB issued 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 qualifies 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 May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers,” as a new Accounting Standards Codification (“ASC”) topic (Topic 606). The core principle of this amendment is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard further provides guidance for any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (for example, lease contracts). This ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period, with earlier adoption not permitted. ASU 2014-09 can be adopted using one of two retrospective application methods: 1) retrospectively to each prior reporting period presented or 2) as a cumulative-effect adjustment as of the date of adoption. The Company is currently evaluating the amendments of ASU 2014-09; however, these amendments could potentially have a significant impact on its consolidated financial position, results of operations or cash flows.

Acquisitions_Tables

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2014
Schedule of Acquired Properties	'
	During the nine months ended September 30, 2014, the Company acquired the following properties (in thousands):
				Date of		Purchase
	Product/Description		Location	Acquisition (2)		Price
	Pacifica Senior Living Victoria Court—One senior housing property		Rhode Island		1/15/14	$	15,250
	Pacifica Senior Living Northridge—One senior housing property		California		6/6/14		25,250
	La Conner Retirement Inn—One senior housing property		Washington		6/2/14		8,250
	South Pointe Assisted Living—One senior housing property		Washington		6/2/14		4,300
	Pacifica Senior Living Modesto—One senior housing property		California		7/24/14		16,250	(1)
	Pacifica Senior Living Bakersfield—One senior housing property		California		7/25/14		28,750	(1)
	Pacifica Senior Living Wilmington—One senior housing property		North Carolina		7/25/14		22,250	(1)
	The Oaks at Braselton—One senior housing property		Georgia		9/22/14		15,000
	The Oaks at Post Road—One senior housing property		Georgia		9/22/14		18,600
						$	153,900
	FOOTNOTES:
	(1)	In connection with acquiring these properties the Company assumed the fair value of loans with an aggregate principal outstanding balance of approximately $25.5 million. See Note 10. “Indebtedness” for additional information.
	(2)	These properties are subject to long-term triple-net leases with an initial term of 10 years with renewal options.

Real_Estate_Investment_Propert1

Real Estate Investment Properties, net (Tables)	9 Months Ended
	Sep. 30, 2014
Schedule of Real Estate Investment Properties	'
	As of September 30, 2014 and December 31, 2013, real estate investment properties consisted of the following (in thousands):
		September 30,			December 31,
		2014			2013
	Land and land improvements	$	670,066		$	904,409
	Leasehold interests and improvements		273,899			311,560
	Buildings		955,034			926,098
	Equipment		668,221			692,854
	Less: accumulated depreciation and amortization		(676,638	)		(765,948	)
		$	1,890,582		$	2,068,973

Assets_Held_for_Sale_net_and_D1

Assets Held for Sale, net and Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2014
Net Carrying Value of Assets Held for Sale	'
	The following table presents the net carrying value of the properties classified as held for sale (in thousands):
			September 30,			December 31,
			2014			2013
	Real estate investment properties, net
	Land and land improvements		$	10,854		$	40,097
	Building and building improvements			2,142			47,989
	Equipment			265			2,708
	Total		$	13,261		$	90,794
Summary of Income (Loss) from Discontinued Operations	'
	The following table is a summary of income (loss) from discontinued operations for the quarter and nine months ended September 30, 2014 and 2013 (in thousands):
			Quarter Ended						Nine Months Ended
			September 30,						September 30,
			2014			2013			2014			2013
	Revenues		$	15,891		$	17,245		$	51,940		$	52,073
	Expenses			(11,600	)		(11,860	)		(32,226	)		(33,952	)
	Impairment provision			—			—			(4,464	)		—
	Depreciation and amortization			—			(7,618	)		(4,891	)		(22,577	)
	Operating income (loss)			4,291			(2,233	)		10,359			(4,456	)
	Gain from sale of properties			3,953			2			3,883			2,085
	Loss on extinguishment of debt (1)			(8,293	)		—			(5,690	)		—
	Other expense (2)			(1,331	)		(1,805	)		(7,364	)		(5,904	)
	Income (loss) from discontinued operations		$	(1,380	)	$	(4,036	)	$	1,188		$	(8,275	)
	FOOTNOTES:
	(1)	During the quarter and nine months ended September 30, 2014, the Company recorded loss on extinguishment of debt from the sale of its 46 golf properties. In addition, during the nine months ended September 30, 2014, the Company recorded gain on extinguishment of debt from the sale of its multi-family residential property.
	(2)	Amounts include amortization of loss and loss on termination of cash flow hedge of approximately $3.0 million for the nine months ended September 30, 2014. In addition, amounts include amortization of loss on termination of cash flow hedge of approximately $0.4 million and $1.2 million for the quarter and nine months ended September 30, 2013, respectively. See Note 11. “Derivative Instruments and Hedging Activities” for additional information.

Intangibles_net_Tables

Intangibles, net (Tables)	9 Months Ended
	Sep. 30, 2014
Gross Carrying Amount and Accumulated Amortization of Intangible Assets	'
	The gross carrying amount and accumulated amortization of the Company’s intangible assets as of September 30, 2014 and December 31, 2013 are as follows (in thousands):
			Gross								September 30, 2014
			Carrying		Accumulated						Net Book
	Intangible Assets		Amount		Amortization			Disposal (2)			Value
	In place leases		$	34,858	$	(20,317	)	$	(1,282	)	$	13,259
	Trade name (finite-lived)			9,060		(1,852	)		(7,208	)		—
	Trade name (infinite-lived)			12,322		—			—			12,322
	Above-market leases (1)			4,566		(101	)		—			4,465
	Total		$	60,806	$	(22,270	)	$	(8,490	)	$	30,046
			Gross					December 31, 2013
			Carrying		Accumulated			Net Book
	Intangible Assets		Amount		Amortization			Value
	In place leases		$	34,745	$	(17,513	)	$	17,232
	Trade name (finite-lived)			9,060		(1,789	)		7,271
	Trade name (infinite-lived)			12,419		—			12,419
	Total		$	56,224	$	(19,302	)	$	36,922
	FOOTNOTES:
	(1)	The Company recorded above-market lease intangible in connection with the acquisition of two senior housing properties.
	(2)	In connection with the sale of the 46 golf properties, the Company disposed of the above intangible assets.
Estimated Future Amortization Expense of Intangible Assets	'
	The estimated future amortization expense for the Company’s finite-lived intangible assets as of September 30, 2014 is as follows (in thousands):
			In-place		Above-market			Total
			Lease		Lease			Intangible
								Assets
	2014		$	994	$	121		$	1,115
	2015			2,718		485			3,203
	2016			1,189		485			1,674
	2017			1,056		485			1,541
	2018			886		485			1,371
	Thereafter			6,416		2,404			8,820
	Total		$	13,259	$	4,465		$	17,724

Operating_Leases_Tables

Operating Leases (Tables)	9 Months Ended
	Sep. 30, 2014
Future Minimum Lease Payments to be Received under Non-Cancellable Operating Leases	'
	The following is a schedule of future minimum lease payments to be received under the non-cancellable operating leases with third-parties at September 30, 2014 (in thousands):
	2014	$	27,268
	2015		120,233
	2016		122,226
	2017		124,274
	2018		125,884
	Thereafter		1,157,479
	Total	$	1,677,364

Variable_Interest_and_Unconsol1

Variable Interest and Unconsolidated Entities (Tables)	9 Months Ended
	Sep. 30, 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):
			September 30,			December 31,
			2014			2013
	Assets
	Real estate investment properties, net		$	176,249		$	184,306
	Other assets		$	25,012		$	29,075
	Liabilities
	Mortgages and other notes payable		$	51,420		$	87,095
	Other liabilities		$	11,819		$	13,214
Summarized Operating Data of Unconsolidated Entities	'
	The following tables present financial information for the Company’s unconsolidated entities for the quarter and nine months ended September 30, 2014 and 2013 (in thousands):
	Summarized operating data:
			Quarter Ended September 30, 2014
			DMC			Intrawest
			Partnership			Venture			Total
	Revenues		$	6,870		$	4,258		$	11,128
	Property operating expenses			(305	)		(2,256	)		(2,561	)
	Depreciation and amortization			(2,327	)		(1,118	)		(3,445	)
	Interest expense			(1,909	)		(1,125	)		(3,034	)
	Income (loss) from continuing operations			2,329			(241	)		2,088
	Discontinued operations (3)			—			266			266
	Net income		$	2,329		$	25		$	2,354
	Loss allocable to other venture partners (1)		$	(532	)	$	(406	)(2)	$	(938	)
	Income allocable to the Company (1)		$	2,861		$	431		$	3,292
	Amortization of capitalized costs			(64	)		(52	)		(116	)
	Equity in earnings of unconsolidated entities		$	2,797		$	379		$	3,176
	Distributions declared to the Company		$	2,859		$	742		$	3,601
	Distributions received by the Company		$	2,829		$	492		$	3,321
	Summarized operating data:
			Quarter Ended September 30, 2013
			DMC			Intrawest			CNLSun I			CNLSun II			CNLSun III
			Partnership			Venture			Venture (4)			Venture (4)			Venture (4)			Total
	Revenues		$	6,870		$	4,142		$	—		$	—		$	—		$	11,012
	Property operating expenses			(205	)		(2,236	)		—			—			—			(2,441	)
	Depreciation and amortization			(2,237	)		—			—			—			—			(2,237	)
	Interest expense			(1,986	)		(1,131	)		—			—			—			(3,117	)
	Interest and other income (expense)			1			(1	)		—			—			—			—
	Income from continuing operations			2,443			774			—			—			—			3,217
	Discontinued operations (3)			—			274			—			—			—			274
	Net income		$	2,443		$	1,048		$	—		$	—		$	—		$	3,491
	Loss allocable to other venture partners (1)		$	(416	)	$	(406	)(2)	$	—		$	—		$	—		$	(822	)
	Income allocable to the Company (1)		$	2,859		$	1,454		$	—		$	—		$	—		$	4,313
	Amortization of capitalized costs			(108	)		(58	)		—			—			—			(166	)
	Equity in earnings of unconsolidated entities		$	2,751		$	1,396		$	—		$	—		$	—		$	4,147
	Distributions declared to the Company		$	2,860		$	620		$	—		$	—		$	—		$	3,480
	Distributions received by the Company		$	2,829		$	348		$	3,920		$	522		$	835		$	8,454
			Nine Months Ended September 30, 2014
			DMC			Intrawest
			Partnership			Venture			Total
	Revenues		$	21,649		$	12,859		$	34,508
	Property operating expenses			(569	)		(6,986	)		(7,555	)
	Depreciation and amortization			(6,779	)		(5,455	)		(12,234	)
	Interest expense			(5,743	)		(3,534	)		(9,277	)
	Income (loss) from continuing operations			8,558			(3,116	)		5,442
	Discontinued operations (3)			—			812			812
	Net income (loss)		$	8,558		$	(2,304	)	$	6,254
	Income (loss) allocable to other venture partners (1)		$	72		$	(1,205	)(2)	$	(1,133	)
	Income (loss) allocable to the Company (1)		$	8,486		$	(1,099	)	$	7,387
	Amortization of capitalized costs			(280	)		(158	)		(438	)
	Equity in earnings (loss) of unconsolidated entities		$	8,206		$	(1,257	)	$	6,949
	Distributions declared to the Company		$	8,485		$	1,892		$	10,377
	Distributions received by the Company		$	8,485		$	1,411		$	9,896
			Nine Months Ended September 30, 2013
			DMC			Intrawest			CNLSun I			CNLSun II			CNLSun III
			Partnership			Venture			Venture (4)			Venture (4)			Venture (4)			Total
	Revenues		$	21,192		$	12,724		$	71,287		$	19,654		$	21,549		$	146,406
	Property operating expenses			(450	)		(6,998	)		(45,999	)		(15,439	)		(14,609	)		(83,495	)
	Depreciation and amortization			(6,786	)		—			(10,994	)		(2,244	)		(2,874	)		(22,898	)
	Interest expense			(5,936	)		(3,489	)		(16,154	)		(2,057	)		(2,928	)		(30,564	)
	Interest and other income (expense)			4			(2	)		20			—			—			22
	Income (loss) from continuing operations			8,024			2,235			(1,840	)		(86	)		1,138			9,471
	Discontinued operations (3)			—			893			—			—			—			893
	Net income (loss)		$	8,024		$	3,128		$	(1,840	)	$	(86	)	$	1,138		$	10,364
Income (loss) allocable to other venture partners (1)		$	(461	)	$	(1,205	)(2)	$	(1,341	)	$	(8	)	$	1,788		$	(1,227	)
Income (loss) allocable to the Company (1)		$	8,485		$	4,333		$	(499	)	$	(78	)	$	(650	)	$	11,591
Amortization of capitalized costs			(325	)		(175	)		(1,305	)		(431	)		(172	)		(2,408	)
Equity in earnings (loss) of unconsolidated entities		$	8,160		$	4,158		$	(1,804	)	$	(509	)	$	(822	)	$	9,183
Distributions declared to the Company		$	8,486		$	1,737		$	7,797		$	1,039		$	1,660		$	20,719
Distributions received by the Company		$	8,478		$	1,807		$	11,750		$	1,567		$	4,965		$	28,567
FOOTNOTES:
(1)	Income (loss) is allocated between the Company and its venture partner using the hypothetical liquidation book value (“HLBV”) method of accounting.
(2)	This amount includes 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)	This amount represents the one village retail property that remains classified as an asset held for sale.
(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 such, summarized operating data for these ventures is reported through June 30, 2013.

Mortgages_and_Other_Notes_Rece1

Mortgages and Other Notes Receivable, net (Tables)	9 Months Ended
	Sep. 30, 2014
Future Principal Maturities for Mortgages and Other Notes Receivable	'
	The following is a schedule of future principal maturities for all mortgages and other notes receivable (in thousands):
	2014	$	18
	2015		57
	2016		3,329
	2017		1,500
	2018		—
	Thereafter		16,620
	Total	$	21,524

Indebtedness_Tables

Indebtedness (Tables)	9 Months Ended
	Sep. 30, 2014
Schedule of Future Principal Payments and Maturities for Indebtedness	'
	The following is a schedule of future principal payments and maturities for all indebtedness (in thousands):
	2014	$	145,000
	2015		175,513
	2016		110,546
	2017		128,109
	2018		140,769
	Thereafter		427,365
	Total	$	1,127,302

Derivative_Instruments_and_Hed1

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2014								Gross Amounts Not Offset in
												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
	$	8,490		$	(694	)	$	—	$	(694	)	$	(694	)	$	—	$	(694	)
	$	14,775		$	(345	)	$	—	$	(345	)	$	(345	)	$	—	$	(345	)
				As of December 31, 2013								Gross Amounts Not Offset in
												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	(2)	$	(1,748	)	$	—	$	(1,748	)	$	(1,748	)	$	—	$	(1,748	)
	$	8,746		$	(743	)	$	—	$	(743	)	$	(743	)	$	—	$	(743	)
	$	16,603	(1)(2)	$	(233	)	$	—	$	(233	)	$	(233	)	$	—	$	(233	)
	$	15,450		$	(524	)	$	—	$	(524	)	$	(524	)	$	—	$	(524	)
	$	24,811	(2)	$	(446	)	$	—	$	(446	)	$	(446	)	$	—	$	(446	)
	FOOTNOTES:
	(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 had been converted from Canadian dollars to U.S. dollars at an exchange rate of 0.94 Canadian dollars for $1.00 U.S. dollar on December 31, 2013.
	(2)	During the nine months ended September 30, 2014, the Company terminated three interest rate swaps because the corresponding loans were repaid in full.

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2014 and December 31, 2013, as follows (in thousands):
		Fair Value
		Measurement
		as of
		September 30,
		2014		Level 1		Level 2		Level 3
	Assets:
	Assets held for sale carried at fair value	$	13,261	$	—	$	—	$	13,261
	Liabilities:
	Derivative instruments	$	1,039	$	—	$	1,039	$	—
		Fair Value
		Measurement
		as of
		December 31,
		2013		Level 1		Level 2		Level 3
	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)	9 Months Ended
	Sep. 30, 2014
Earned Acquisition Fees and Incurred Reimbursable Expenses	'
	For the quarters and nine months ended September 30, 2014 and 2013, respectively, the Advisor collectively earned fees and incurred reimbursable expenses as follows (in thousands):
			Quarter Ended				Nine Months Ended
			September 30,				September 30,
			2014		2013		2014		2013
	Acquisition fees:
	Acquisition fees from distribution reinvestment plan (1)		$	—	$	322	$	319	$	963
	Acquisition fees from debt proceeds (2)			—		—		1,521		234
	Total			—		322		1,840		1,197
	Asset management fees (3)			7,506		8,241		23,584		26,665
	Reimbursable expenses: (4)
	Acquisition costs			64		44		202		161
	Operating expenses			1,710		1,627		5,213		5,307
	Total			1,774		1,671		5,415		5,468
	Total fees earned and reimbursable expenses		$	9,280	$	10,234	$	30,839	$	33,330
	FOOTNOTES:
	(1)	Amounts are recorded as acquisition fees and costs in the accompanying unaudited condensed consolidated statements of operations. Effective April 1, 2014, the Advisor eliminated this fee going forward.
	(2)	Amounts are recorded as loan costs and are included as part of other assets in the accompanying unaudited condensed consolidated balance sheets. Effective April 1, 2014, the Advisor eliminated this fee going forward.
	(3)	Amounts are recorded as asset management fees to Advisor including fees related to properties that are classified as assets held for sale that are included as discontinued operations in the accompanying unaudited condensed consolidated statements of operations. Effective April 1, 2014, the asset management fees to Advisor were reduced as described above.
	(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 unaudited condensed consolidated statements of operations.
Amounts Due to Affiliates for Fees and Expense	'
	Amounts due to affiliates for fees and expenses described above are as follows (in thousands):
			September 30,		December 31,
			2014		2013
	Due to the Advisor and its affiliates:
	Operating expenses		$	543	$	671
	Acquisition fees and expenses			21		354
	Total		$	564	$	1,025

Stockholders_Equity_Tables

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2014
Schedule of Redemption Requests	'
	The following details the Company’s redemptions for the nine months ended September 30, 2014 (in thousands, except per share data):
	2014 Quarters		First			Second			Third			Year-To-Date
	Requests in queue			10,547			10,798			10,809			10,547
	Redemptions requested			778			864			1,355			2,997
	Shares redeemed:
	Prior period requests			(135	)		(80	)		(60	)		(275	)
	Current period requests			(300	)		(369	)		(439	)		(1,108	)
	Adjustments (1)			(92	)		(404	)		(93	)		(589	)
	Pending redemption requests (2)			10,798			10,809			11,572			11,572
	Average price paid per share		$	6.85		$	6.85		$	6.81	(3)	$	6.84
	FOOTNOTES:
	(1)	This amount represents redemption request cancellations and other adjustments.
	(2)	Requests that were not fulfilled in whole during a particular quarter were redeemed on a pro rata basis to the extent funds were made available pursuant to the redemption plan. Pending requests as of September 30, 2014 will remain in queue and will not be redeemed at this time because the redemption plan has been suspended.
	(3)	Redeemed certain shares for less than the estimated NAV of $6.85 per share because they were purchased on a secondary market at a price less than $6.85 per share.

Supplemental_Condensed_Consoli1

Supplemental Condensed Consolidating Financial Statements (Tables)	9 Months Ended
	Sep. 30, 2014
Condensed Consolidating Balance Sheet	'
	Condensed Consolidating Balance Sheet:
		As of September 30, 2014
		Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
					Subsidiaries			Subsidiaries			Adjustments
	ASSETS
	Real estate investment properties, net	$	—		$	541,688		$	1,348,894		$	—		$	1,890,582
	Cash		218,869			26,117			32,136			—			277,122
	Investments in unconsolidated entities		—			129,990			—			—			129,990
	Investments in subsidiaries		1,448,023			1,140,802			1,396,120			(3,984,945	)		—
	Deferred rent and lease incentives		—			24,967			28,407			—			53,374
	Restricted cash		12			28,731			23,978						52,721
	Other assets		9,044			16,558			19,415			—			45,017
	Intangibles, net		—			5,076			24,970			—			30,046
	Accounts and other receivables, net		—			8,702			13,500			—			22,202
	Mortgages and other notes receivable, net		—			50,050			15,612			(45,111	)		20,551
	Assets held for sale, net		—			13,261			—			—			13,261
	Total Assets	$	1,675,948		$	1,985,942		$	2,903,032		$	(4,030,056	)	$	2,534,866
	LIABILITIES AND STOCKHOLDERS’ EQUITY
	Mortgages and other notes payable	$	—		$	195,610		$	482,915		$	(44,013	)	$	634,512
	Senior notes, net of discount		370,321			—			—			—			370,321
	Line of credit		—			122,500			—			—			122,500
	Other liabilities		—			20,138			41,250			—			61,388
	Accounts payable and accrued expenses		17,547			17,383			24,216			(1,097	)		58,049
	Due to affiliates		548			9			7			—			564
	Total Liabilities		388,416			355,640			548,388			(45,110	)		1,247,334
	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		3,252			—			—			—			3,252
	Capital in excess of par value		2,864,036			6,143,364			8,729,686			(14,873,050	)		2,864,036
	Accumulated earnings (deficit)		(400,220	)		146,499			135,794			(282,293	)		(400,220	)
	Accumulated distributions		(1,176,750	)		(4,659,561	)		(6,508,050	)		11,167,611			(1,176,750	)
	Accumulated other comprehensive loss		(2,786	)		—			(2,786	)		2,786			(2,786	)
			1,287,532			1,630,302			2,354,644			(3,984,946	)		1,287,532
	Total Liabilities and Stockholders’ Equity	$	1,675,948		$	1,985,942		$	2,903,032		$	(4,030,056	)	$	2,534,866
	Condensed Consolidating Balance Sheet:
		As of December 31, 2013
		Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
					Subsidiaries			Subsidiaries			Adjustments
	ASSETS
	Real estate investment properties, net	$	—		$	846,914		$	1,222,059		$	—		$	2,068,973
	Cash		37,668			15,671			18,235			—			71,574
	Investments in unconsolidated entities		—			132,324			—			—			132,324
	Investments in subsidiaries		1,726,328			1,150,443			1,865,714			(4,742,485	)		—
	Restricted cash		33			26,595			24,707			—			51,335
	Deferred rent and lease incentives		—			29,839			27,539			—			57,378
	Other assets		11,355			15,829			25,126			—			52,310
	Intangibles, net		—			18,094			18,828			—			36,922
	Accounts and other receivables, net		—			12,241			8,839			—			21,080
	Mortgages and other notes receivable, net		—			45,947			114,469			(42,453	)		117,963
	Assets held for sale, net		—			6,106			84,688			—			90,794
	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 Quarter Ended September 30, 2014
		Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
					Subsidiaries			Subsidiaries			Adjustments
	Revenues:
	Rental income from operating leases	$	—		$	12,226		$	25,405		$	—		$	37,631
	Property operating revenues		—			48,026			92,657			—			140,683
	Interest income on mortgages and other notes receivable		—			1,220			1,881			(1,136	)		1,965
	Total revenues		—			61,472			119,943			(1,136	)		180,279
	Expenses:
	Property operating expenses		—			23,585			58,141			—			81,726
	Asset management fees to advisor		6,053			—			—			—			6,053
	General and administrative		3,998			177			132			—			4,307
	Ground lease and permit fees		—			1,700			1,149			—			2,849
	Acquisition fees and costs		509						—			—			509
	Other operating expenses		452			499			1,219			—			2,170
	Bad debt expense (recovery)		—			(47	)		112			—			65
	Loss (recovery) on lease terminations		—			—			—			—			—
	Loan loss provision		—			—			750			—			750
	Depreciation and amortization		—			10,096			23,526			—			33,622
	Total expenses		11,012			36,010			85,029			—			132,051
	Operating income (loss)		(11,012	)		25,462			34,914			(1,136	)		48,228
	Other income (expense):
	Interest and other income		6			(3	)		772			—			775
	Interest expense and loan cost amortization (includes $57 loss on termination of cash flow hedge)		(7,893	)		(1,935	)		(9,864	)		1,136			(18,556	)
	Loss on extinguishment of debt		(1,591	)		(2,603	)		2,574			—			(1,620	)
	Equity in loss of unconsolidated entities		—			3,176			—			—			3,176
	Equity in earnings (loss), intercompany		51,113			41,189			70,093			(162,395	)		—
	Total other income (expense)		41,635			39,824			63,575			(161,259	)		(16,225	)
	Income (loss) from continuing operations		30,623			65,286			98,489			(162,395	)		32,003
	Income from discontinued operations		—			(1,028	)		(352	)		—			(1,380	)
	Net income (loss)	$	30,623		$	64,258		$	98,137		$	(162,395	)	$	30,623
	Condensed Consolidating Statement of Operations:
		For the Quarter Ended September 30, 2013
		Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
					Subsidiaries			Subsidiaries			Adjustments
	Revenues:
	Rental income from operating leases	$	—		$	14,530		$	16,936		$	—		$	31,466
	Property operating revenues		—			34,429			92,278			—			126,707
	Interest income on mortgages and other notes receivable		—			1,169			3,185			(1,101	)		3,253
	Total revenues		—			50,128			112,399			(1,101	)		161,426
	Expenses:
	Property operating expenses		—			18,419			54,854			—			73,273
	Asset management fees to advisor		6,498			—			—			—			6,498
	General and administrative		3,275			334			273			—			3,882
	Ground lease and permit fees		—			2,041			1,091			—			3,132
	Acquisition fees and costs		1,009			—			—			—			1,009
	Other operating expenses		248			1,133			957			—			2,338
	Bad debt expense		—			886			937			—			1,823
	Impairment provision		—			2,740			—			—			2,740
	Depreciation and amortization		—			9,923			20,808			—			30,731
	Total expenses		11,030			35,476			78,920			—			125,426
	Operating income (loss)		(11,030	)		14,652			33,479			(1,101	)		36,000
	Other income (expense):
	Interest and other income (expense)		59			(58	)		(14	)		—			(13	)
	Bargain purchase gain		—			—			2,653			—			2,653
	Interest expense and loan cost amortization		(8,107	)		(3,216	)		(5,630	)		1,101			(15,852	)
	Gain from sale of unconsolidated entities		—			55,394			—			—			55,394
	Equity in earnings of unconsolidated entities		—			4,147						—			4,147
	Equity in earnings (loss), intercompany		97,371			106,548			123,357			(327,276	)		—
	Total other income (expense)		89,323			162,815			120,366			(326,175	)		46,329
	Income (loss) from continuing operations		78,293			177,467			153,845			(327,276	)		82,329
	Loss from discontinued operations (includes $414 amortization of loss on termination of cash flow hedges)		—			(3,063	)		(973	)		—			(4,036	)
Net income (loss)	$	78,293		$	174,404		$	152,872		$	(327,276	)	$	78,293
Condensed Consolidating Statement of Operations:
	For the Nine Months Ended September 30, 2014
	Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
				Subsidiaries			Subsidiaries			Adjustments
Revenues:
Rental income from operating leases	$	—		$	41,170		$	73,839		$	—		$	115,009
Property operating revenues		—			81,741			201,323			—			283,064
Interest income on mortgages and other notes receivable		—			3,605			7,814			(3,375	)		8,044
Total revenues		—			126,516			282,976			(3,375	)		406,117
Expenses:
Property operating expenses		—			54,793			150,462			—			205,255
Asset management fees to advisor		18,999			—			—			—			18,999
General and administrative		11,272			569			1,611			—			13,452
Ground lease and permit fees		—			5,672			4,016			—			9,688
Acquisition fees and costs		2,513			—			—			—			2,513
Other operating expenses		874			1,092			2,062			—			4,028
Bad debt expense		—			(45	)		1,107			—			1,062
(Recovery) loss on lease terminations		—			(1,036	)		295			—			(741	)
Loan loss provision		—			—			3,270			—			3,270
Depreciation and amortization		—			29,250			67,441			—			96,691
Total expenses		33,658			90,295			230,264			—			354,217
Operating income (loss)		(33,658	)		36,221			52,712			(3,375	)		51,900
Other income (expense):
Interest and other income (expense)		17			150			699			—			866
Interest expense and loan cost amortization (includes $460 loss on termination of cash flow hedge)		(23,691	)		(10,335	)		(26,671	)		3,375			(57,322	)
Loss on extinguishment of debt		(1,591	)		(2,603	)		2,378			—			(1,816	)
Equity in earnings of unconsolidated entities		—			6,949			—			—			6,949
Equity in earnings (loss), intercompany		60,688			57,197			95,778			(213,663	)		—
Total other income (expense)		35,423			51,358			72,184			(210,288	)		(51,323	)
Income (loss) from continuing operations		1,765			87,579			124,896			(213,663	)		577
Income from discontinued operations (includes ($3,027 amortization of loss and loss on termination of cash flow hedges)		—			143			1,045			—			1,188
Net income (loss)	$	1,765		$	87,722		$	125,941		$	(213,663	)	$	1,765
Condensed Consolidating Statement of Operations:
	For the Nine Months Ended September 30, 2013
	Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
				Subsidiaries			Subsidiaries			Adjustments
Revenues:
Rental income from operating leases	$	—		$	48,071		$	53,088		$	—		$	101,159
Property operating revenues		—			59,160			197,462			—			256,622
Interest income on mortgages and other notes receivable		—			3,351			9,814			(3,130	)		10,035
Total revenues		—			110,582			260,364			(3,130	)		367,816
Expenses:
Property operating expenses		—			44,200			144,979			—			189,179
Asset management fees to advisor		21,445			—			—			—			21,445
General and administrative		11,206			734			918			—			12,858
Ground lease and permit fees		—			5,616			3,986			—			9,602
Acquisition fees and costs		1,922			—			—			—			1,922
Other operating expenses		739			1,121			2,447			—			4,307
Bad debt expense		—			3,100			2,782			—			5,882
Impairment provision		—			45,191			—			—			45,191
Depreciation and amortization		—			29,181			59,406			—			88,587
Total expenses		35,312			129,143			214,518			—			378,973
Operating income (loss)		(35,312	)		(18,561	)		45,846			(3,130	)		(11,157	)
Other income (expense):
Interest and other income		174			372			(42	)		—			504
Bargain purchase gain		—			—			2,653			—			2,653
Interest expense and loan cost amortization		(23,811	)		(11,225	)		(16,607	)		3,130			(48,513	)
Gain from sale of unconsolidated entities		—			55,394			—			—			55,394
Equity in earnings of unconsolidated entities		—			9,183			—			—			9,183
Equity in earnings (loss), intercompany		58,738			114,883			95,606			(269,227	)		—
Total other income (expense)		35,101			168,607			81,610			(266,097	)		19,221
Income (loss) from continuing operations		(211	)		150,046			127,456			(269,227	)		8,064
Loss from discontinued operations
Interest expense and loan cost amortization (includes $1,241 amortization of loss on termination of cash flow hedges)		—			(5,409	)		(2,866	)		—			(8,275	)
Net income (loss)	$	(211	)	$	144,637		$	124,590		$	(269,227	)	$	(211	)
Condensed Consolidating Statement of Other Comprehensive Income (Loss)	'
	Condensed Consolidating Statement of Other Comprehensive Income (Loss):
		For the Quarter Ended September 30, 2014
		Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
					Subsidiaries			Subsidiaries			Adjustments
	Net income (loss)	$	30,623		$	64,258		$	98,137		$	(162,395	)	$	30,623
	Other comprehensive income (loss):
	Foreign currency translation adjustments		(1,478	)		—			(1,478	)		1,478			(1,478	)
	Changes in fair value of cash flow hedges:
	Amortization of loss and loss on termination of cash flow hedges		56			—			56			(56	)		56
	Unrealized gain (loss) arising during the period		204			—			204			(204	)		204
	Total other comprehensive income (loss)		(1,218	)		—			(1,218	)		1,218			(1,218	)
	Comprehensive income (loss)	$	29,405		$	64,258		$	96,919		$	(161,177	)	$	29,405
		For the Quarter Ended September 30, 2013
		Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
					Subsidiaries			Subsidiaries			Adjustments
	Net income (loss)	$	78,293		$	174,404		$	152,872		$	(327,276	)	$	78,293
	Other comprehensive income (loss):
	Foreign currency translation adjustments		410			—			410			(410	)		410
	Changes in fair value of cash flow hedges:
	Amortization of loss on termination of cash flow hedges		414			—			414			(414	)		414
	Unrealized gain (loss) arising during the period		60			—			60			(60	)		60
	Total other comprehensive income (loss)		884			—			884			(884	)		884
	Comprehensive income (loss)	$	79,177		$	174,404		$	153,756		$	(328,160	)	$	79,177
	Condensed Consolidating Statement of Other Comprehensive Income (Loss):
		For the Nine Months Ended September 30, 2014
		Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
					Subsidiaries			Subsidiaries			Adjustments
	Net income (loss)	$	1,765		$	87,722		$	125,941		$	(213,663	)	$	1,765
	Other comprehensive income (loss):
	Foreign currency translation adjustments		(1,383	)		—			(1,383	)		1,383			(1,383	)
	Changes in fair value of cash flow hedges:
	Amortization of loss and loss on termination of cash flow hedges		3,487			—			3,487			(3,487	)		3,487
	Unrealized gain (loss) arising during the period		816			—			816			(816	)		816
	Total other comprehensive income (loss)		2,920			—			2,920			(2,920	)		2,920
	Comprehensive income (loss)	$	4,685		$	87,722		$	128,861		$	(216,583	)	$	4,685
		For the Nine Months Ended September 30, 2013
		Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
					Subsidiaries			Subsidiaries			Adjustments
	Net income (loss)	$	(211	)	$	144,637		$	124,590		$	(269,227	)	$	(211	)
	Other comprehensive income (loss):
	Foreign currency translation adjustments		(804	)		—			(804	)		804			(804	)
	Changes in fair value of cash flow hedges:
	Amortization of loss on termination of cash flow hedges		1,241			—			1,241			(1,241	)		1,241
	Unrealized gain arising during the period		1,459			—			1,459			(1,459	)		1,459
	Total other comprehensive income		1,896			—			1,896			(1,896	)		1,896
	Comprehensive income (loss)	$	1,685		$	144,637		$	126,486		$	(271,123	)	$	1,685
Condensed Consolidating Statement of Cash Flows	'
	Condensed Consolidating Statement of Cash Flows:
		For the Nine Months Ended September 30, 2014
		Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
					Subsidiaries			Subsidiaries			Adjustments
	Operating activities:
	Net cash provided by (used in) operating activities	$	(51,615	)	$	76,708		$	107,725		$	—		$	132,818
	Investing activities:
	Acquistion of property		—			—			(128,390	)		—			(128,390	)
	Capital expenditures		—			(24,306	)		(31,582	)		—			(55,888	)
	Proceeds from sale of properties		—			291,620			79,154			—			370,774
	Collection of mortgage loans receivable		—			—			83,459			—			83,459
	Changes in restricted cash		21			(2,606	)		709			—			(1,876	)
	Other		614			148			61			—			823
	Intercompany investing		342,212			—			—			(342,212	)		—
	Net cash provided by (used in) investing activities		342,847			264,856			3,411			(342,212	)		268,902
	Financing activities:
	Redemptions of common stock		(9,412	)		—			—			—			(9,412	)
	Distributions to stockholders, net of reinvestments		(76,119	)		—			—			—			(76,119	)
	Proceeds under line of credit		—			102,500			—			—			102,500
	Proceeds from mortgage loans and other notes payable		—			—			57,790			—			57,790
	Principal payments on line of credit		—			(30,000	)		—			—			(30,000	)
	Principal payments on mortgage loans and senior notes		(24,500	)		(90,480	)		(116,866	)		—			(231,846	)
	Principal payments on capital leases		—			(2,642	)		(1,903	)		—			(4,545	)
	Payment of entrance fee refunds		—			—			(1,257	)		—			(1,257	)
	Payment of loan costs		—			(544	)		(2,660	)		—			(3,204	)
	Intercompany financing		—			(309,952	)		(32,260	)		342,212			—
	Net cash provided by (used in) financing activities		(110,031	)		(331,118	)		(97,156	)		342,212			(196,093	)
	Effect of exchange rate fluctuation on cash		—			—			(79	)		—			(79	)
	Net increase in cash		181,201			10,446			13,901			—			205,548
	Cash at beginning of period		37,668			15,671			18,235			—			71,574
	Cash at end of period	$	218,869		$	26,117		$	32,136		$	—		$	277,122
	Condensed Consolidating Statement of Cash Flows:
		For the Nine Months Ended September 30, 2013
		Issuer			Guarantor			Non-Guarantor			Consolidating			Consolidated
					Subsidiaries			Subsidiaries			Adjustments
	Operating activities:
	Net cash provided by (used in) operating activities	$	(55,324	)	$	95,174		$	93,185		$	—		$	133,035
	Investing activities:
	Acquistion and deposits on real estate investments		—			—			(83,451	)		—			(83,451	)
	Capital expenditures		—			(21,715	)		(31,007	)		—			(52,722	)
	Proceeds from sale of properties		—			11,000			—			—			11,000
	Proceeds from sale of unconsolidated entities		—			195,446			—			—			195,446
	Proceeds from release of collateral on loan payable		—			—			11,167			—			11,167
	Collection of mortgage loans receivable		—			35			4,185			—			4,220
	Changes in restricted cash		1			(5,765	)		(6,613	)		—			(12,377	)
	Other		(250	)		57			(331	)		—			(524	)
	Intercompany investing		164,660			—			—			(164,660	)		—
	Net cash provided by (used in) investing activities		164,411			179,058			(106,050	)		(164,660	)		72,759
	Financing activities:
	Redemptions of common stock		(8,954	)		—			—			—			(8,954	)
	Distributions to stockholders, net of reinvestments		(60,180	)		—			—			—			(60,180	)
	Proceeds under line of credit		—			50,000			—			—			50,000
	Proceeds from mortgage loans and other notes payable		—			—			30,000			—			30,000
	Principal payments on line of credit		—			(145,000	)		—			—			(145,000	)
	Principal payments on mortgage loans and senior notes		—			(7,431	)		(4,887	)		—			(12,318	)
	Principal payments on capital leases		—			(2,007	)		(1,306	)		—			(3,313	)
	Payment of loan costs		—			—			(751	)		—			(751	)
	Intercompany financing		—			(163,873	)		(787	)		164,660			—
	Net cash provided by (used in) financing activities		(69,134	)		(268,311	)		22,269			164,660			(150,516	)
	Effect of exchange rate fluctuation on cash		—			—			(6	)		—			(6	)
	Net increase in cash		39,953			5,921			9,398			—			55,272
	Cash at beginning of period		39,219			14,125			19,880			—			73,224
	Cash at end of period	$	79,172		$	20,046		$	29,278		$	—		$	128,496

Organization_and_Nature_of_Bus1

Organization and Nature of Business - Additional Information (Detail)	9 Months Ended		0 Months Ended	3 Months Ended	9 Months Ended			9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014
	Property	Property	Golf Facilities	Golf Facilities	Golf Facilities	Unconsolidated Joint Ventures	Canada	Minimum	Maximum
			Property	Property	Property	Property	Property
Organization And Nature Of Business [Line Items]	'	'	'	'	'	'	'	'	'
Long-term lease	'	'	'	'	'	'	'	'5 years	'20 years
Number of real estate properties	107	'	'	'	'	8	3	'	'
Number of properties sold	47	'	46	46	46	'	'	'	'
Number of properties held for sale	2	5	'	48	48	'	'	'	'

Schedule_of_Acquired_Propertie

Schedule of Acquired Properties (Detail) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013
Business Acquisition [Line Items]	'		'
Purchase price	$153,900		$83,500
Pacifica Senior Living Victoria Court - One senior housing property	'		'
Business Acquisition [Line Items]	'		'
Product/Description	'Pacifica Senior Living Victoria Court-One senior housing property		'
Location	'Rhode Island		'
Date of Acquisition	15-Jan-14	[1]	'
Purchase price	15,250		'
Pacifica Senior Living Northridge - One senior housing property	'		'
Business Acquisition [Line Items]	'		'
Product/Description	'Pacifica Senior Living Northridge-One senior housing property		'
Location	'California		'
Date of Acquisition	6-Jun-14	[1]	'
Purchase price	25,250		'
La Conner Retirement Inn - One senior housing property	'		'
Business Acquisition [Line Items]	'		'
Product/Description	'La Conner Retirement Inn-One senior housing property		'
Location	'Washington		'
Date of Acquisition	2-Jun-14	[1]	'
Purchase price	8,250		'
South Pointe Assisted Living - One senior housing property	'		'
Business Acquisition [Line Items]	'		'
Product/Description	'South Pointe Assisted Living-One senior housing property		'
Location	'Washington		'
Date of Acquisition	2-Jun-14	[1]	'
Purchase price	4,300		'
Pacifica Senior Living Modesto - One senior housing property	'		'
Business Acquisition [Line Items]	'		'
Product/Description	'Pacifica Senior Living Modesto-One senior housing property		'
Location	'California		'
Date of Acquisition	24-Jul-14	[1]	'
Purchase price	16,250	[2]	'
Pacifica Senior Living Bakersfield - One senior housing property	'		'
Business Acquisition [Line Items]	'		'
Product/Description	'Pacifica Senior Living Bakersfield-One senior housing property		'
Location	'California		'
Date of Acquisition	25-Jul-14	[1]	'
Purchase price	28,750	[2]	'
Pacifica Senior Living Wilmington - One senior housing property	'		'
Business Acquisition [Line Items]	'		'
Product/Description	'Pacifica Senior Living Wilmington-One senior housing property		'
Location	'North Carolina		'
Date of Acquisition	25-Jul-14	[1]	'
Purchase price	22,250	[2]	'
The Oaks at Braselton - One senior housing property	'		'
Business Acquisition [Line Items]	'		'
Product/Description	'The Oaks at Braselton-One senior housing property		'
Location	'Georgia		'
Date of Acquisition	22-Sep-14	[1]	'
Purchase price	15,000		'
The Oaks at Post Road - One senior housing property	'		'
Business Acquisition [Line Items]	'		'
Product/Description	'The Oaks at Post Road-One senior housing property		'
Location	'Georgia		'
Date of Acquisition	22-Sep-14	[1]	'
Purchase price	$18,600		'
[1]	These properties are subject to long-term triple-net leases with an initial term of 10 years with renewal options.
[2]	In connection with acquiring these properties the Company assumed the fair value of loans with an aggregate principal outstanding balance of approximately $25.5 million. See Note 10. "Indebtedness" for additional information.

Schedule_of_Acquired_Propertie1

Schedule of Acquired Properties (Parenthetical) (Detail) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2014	Jul. 31, 2014
		Senior Housing Properties	Senior Housing Properties
Business Acquisition [Line Items]	'	'	'
Principal outstanding balance of loans assumed through acquisition	'	$25.50	$25.50
Long-term triple-net lease inclusive of renewal options, initial term	'10 years	'	'

Acquisitions_Additional_Inform

Acquisitions - Additional Information (Detail) (USD $)	3 Months Ended	9 Months Ended				1 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Jul. 31, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2013
				Minimum	Maximum	Senior Housing Properties	Senior Housing Properties	Senior Housing Properties	Attraction Property
						Property	Property	Property	Property
Business Combination, Transactions [Line Items]	'	'	'	'	'	'	'	'	'
Number of properties acquired	'	'	'	'	'	3	9	3	1
Purchase price	'	$153,900	$83,500	'	'	'	'	'	'
Assumption of entrance fee liabilities	'	'	13,810	'	'	'	'	13,800	'
Bargain purchase gain	$2,653	'	$2,653	'	'	'	'	'	$2,700
Long-term triple-net leases inclusive of renewal options, initial term	'	'10 years	'	'10 years	'20 years	'	'	'	'

Schedule_of_Real_Estate_Invest

Schedule of Real Estate Investment Properties (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Real Estate Properties [Line Items]	'	'
Less: accumulated depreciation and amortization	($676,638)	($765,948)
Real estate investment properties, net	1,890,582	2,068,973
Land and land improvements	'	'
Real Estate Properties [Line Items]	'	'
Real estate investment properties, Total	670,066	904,409
Leasehold interests and improvements	'	'
Real Estate Properties [Line Items]	'	'
Real estate investment properties, Total	273,899	311,560
Buildings	'	'
Real Estate Properties [Line Items]	'	'
Real estate investment properties, Total	955,034	926,098
Equipment	'	'
Real Estate Properties [Line Items]	'	'
Real estate investment properties, Total	$668,221	$692,854

Real_Estate_Investment_Propert2

Real Estate Investment Properties Net - Additional Information (Detail) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'
Depreciation and amortization expenses	$91.30	$83

Recovered_Sheet1

Assets Held for Sale, Net and Discontinued Operations - Additional Information (Detail) (USD $)	9 Months Ended		12 Months Ended	0 Months Ended	3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Dec. 31, 2014	Sep. 30, 2014
	Property		Property	Golf Facilities	Golf Facilities	Golf Facilities	Golf Facilities	Multi Family Residential
				Property	Property	Property	Scenario, Forecast	Property
							Property
Assets Held for Sale and Discontinued Operations [Line Items]	'	'	'	'	'	'	'	'
Number of properties held for sale	2	'	5	'	48	48	'	1
Number of properties sold	47	'	'	46	46	46	2	1
Aggregate net sales proceeds from sale of properties	$370,774,000	$11,000,000	'	'	'	'	'	'
Gain or loss on sale of properties	$4,000,000	'	'	'	'	'	'	'
Number of properties previously classified as held for sale reclassified as held and used	5	'	4	'	'	'	'	'

Properties_Classified_as_Asset

Properties Classified as Assets Held for Sale (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Long Lived Assets Held-for-sale [Line Items]	'	'
Real estate investment properties, net	$13,261	$90,794
Land and land improvements	'	'
Long Lived Assets Held-for-sale [Line Items]	'	'
Real estate investment properties, net	10,854	40,097
Building and Building Improvements	'	'
Long Lived Assets Held-for-sale [Line Items]	'	'
Real estate investment properties, net	2,142	47,989
Equipment	'	'
Long Lived Assets Held-for-sale [Line Items]	'	'
Real estate investment properties, net	$265	$2,708

Summary_of_Income_or_Loss_from

Summary of Income or Loss from Discontinued Operations (Detail) (USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'		'		'		'
Revenues	$15,891		$17,245		$51,940		$52,073
Expenses	-11,600		-11,860		-32,226		-33,952
Impairment provision	'		'		-4,464		'
Depreciation and amortization	'		-7,618		-4,891		-22,577
Operating income (loss)	4,291		-2,233		10,359		-4,456
Gain from sale of properties	3,953		2		3,883		2,085
Loss on extinguishment of debt	-8,293	[1]	'		-5,690	[1]	'
Other expense	-1,331	[2]	-1,805	[2]	-7,364	[2]	-5,904	[2]
Income (loss) from discontinued operations	($1,380)		($4,036)		$1,188		($8,275)
[1]	During the quarter and nine months ended September 30, 2014, the Company recorded loss on extinguishment of debt from the sale of its 46 golf properties. In addition, during the nine months ended September 30, 2014, the Company recorded gain on extinguishment of debt from the sale of its multi-family residential property.
[2]	Amounts include amortization of loss and loss on termination of cash flow hedge of approximately $3.0 million for the nine months ended September 30, 2014. In addition, amounts include amortization of loss on termination of cash flow hedge of approximately $0.4 million and $1.2 million for the quarter and nine months ended September 30, 2013, respectively. See Note 11. "Derivative Instruments and Hedging Activities" for additional information.

Summary_of_Income_or_Loss_from1

Summary of Income or Loss from Discontinued Operations (Parenthetical) (Detail) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended	3 Months Ended	9 Months Ended		0 Months Ended	3 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014
			Property			Discontinued Operations	Discontinued Operations	Discontinued Operations	Golf Facilities	Golf Facilities	Golf Facilities
									Property	Property	Property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Number of properties sold	'	'	47	'	'	'	'	'	46	46	46
Amortization of loss and loss on termination of cash flow hedges	$56	$414	$3,487	$1,241	$1,655	$414	$3,027	$1,241	'	'	'

Gross_Carrying_Amount_and_Accu

Gross Carrying Amount and Accumulated Amortization of Intangible Assets (Detail) (USD $)	Sep. 30, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Finite-Lived Intangible Liabilities [Line Items]	'		'
Gross Carrying Amount	$60,806		$56,224
Accumulated Amortization	-22,270		-19,302
Disposal	-8,490	[1]	'
Total	30,046		36,922
In place leases	'		'
Finite-Lived Intangible Liabilities [Line Items]	'		'
Gross Carrying Amount	34,858		34,745
Accumulated Amortization	-20,317		-17,513
Disposal	-1,282	[1]	'
Total	13,259		17,232
Trade name (finite-lived)	'		'
Finite-Lived Intangible Liabilities [Line Items]	'		'
Gross Carrying Amount	9,060		9,060
Accumulated Amortization	-1,852		-1,789
Disposal	-7,208	[1]	'
Total	'		7,271
Trade name (infinite-lived)	'		'
Finite-Lived Intangible Liabilities [Line Items]	'		'
Gross Carrying Amount	12,322		12,419
Total	12,322		12,419
Above Market Leases	'		'
Finite-Lived Intangible Liabilities [Line Items]	'		'
Gross Carrying Amount	4,566	[2]	'
Accumulated Amortization	-101	[2]	'
Total	$4,465	[2]	'
[1]	In connection with the sale of the 46 golf properties, the Company disposed of the above intangible assets.
[2]	The Company recorded above-market lease intangible in connection with the acquisition of two senior housing properties.

Gross_Carrying_Amount_and_Accu1

Gross Carrying Amount and Accumulated Amortization of Intangible Assets (Parenthetical) (Detail)	9 Months Ended	1 Months Ended	9 Months Ended			0 Months Ended	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Jul. 31, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014
	Property	Senior Housing Properties	Senior Housing Properties	Senior Housing Properties	Senior Housing Properties	Golf Facilities	Golf Facilities	Golf Facilities
		Property	Property	Property	Above Market Leases	Property	Property	Property
					Property
Finite-Lived Intangible Liabilities [Line Items]	'	'	'	'	'	'	'	'
Number of properties acquired	'	3	9	3	2	'	'	'
Number of properties sold	47	'	'	'	'	46	46	46

Estimated_Future_Amortization_

Estimated Future Amortization Expense of Intangible Assets (Detail) (USD $)	Sep. 30, 2014
In Thousands, unless otherwise specified
Finite Lived Intangible Assets And Liabilities Future Amortization Expense [Line Items]	'
2014	$1,115
2015	3,203
2016	1,674
2017	1,541
2018	1,371
Thereafter	8,820
Total	17,724
In place leases	'
Finite Lived Intangible Assets And Liabilities Future Amortization Expense [Line Items]	'
2014	994
2015	2,718
2016	1,189
2017	1,056
2018	886
Thereafter	6,416
Total	13,259
Above Market Leases	'
Finite Lived Intangible Assets And Liabilities Future Amortization Expense [Line Items]	'
2014	121
2015	485
2016	485
2017	485
2018	485
Thereafter	2,404
Total	$4,465

Operating_Leases_Additional_In

Operating Leases - Additional Information (Detail)	9 Months Ended	1 Months Ended	9 Months Ended			12 Months Ended
	Sep. 30, 2014	Jul. 31, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Dec. 31, 2013
	Property	Senior Housing Properties	Senior Housing Properties	Senior Housing Properties	Long-Term Triple Net Lease Agreements	Long-Term Triple Net Lease Agreements
		Property	Property	Property	Leases	Leases
					Property
Schedule of Operating Leases [Line Items]	'	'	'	'	'	'
Properties leased under long-term, triple-net leases to third-parties	'	'	'	'	43	72
Number of properties acquired	'	3	9	3	'	'
Number of leased properties transitioned	4	'	'	'	'	'
Number of properties sold	47	'	'	'	34	'

Schedule_of_Future_Minimum_Lea

Schedule of Future Minimum Lease Payments (Detail) (USD $)	Sep. 30, 2014
In Thousands, unless otherwise specified
Operating Leased Assets [Line Items]	'
2014	$27,268
2015	120,233
2016	122,226
2017	124,274
2018	125,884
Thereafter	1,157,479
Total	$1,677,364

Variable_Interest_and_Unconsol2

Variable Interest and Unconsolidated Entities - Additional Information (Detail) (USD $)

9 Months Ended

9 Months Ended

9 Months Ended

9 Months Ended

In Millions, unless otherwise specified

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Jun. 30, 2014

Sep. 30, 2014

Jun. 30, 2014

Option

HLBV

HLBV

Joint Venture Agreement

Canada Revenue Agency

Intrawest Venture

Intrawest Venture

Minimum

Minimum

Maximum

Maximum

Entity

Entity

Joint Venture Agreement

Joint Venture Agreement

Intrawest Venture

Intrawest Venture

Property

Joint Venture Agreement

Joint Venture Agreement

Property

Property

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

'

'

'

'

'

'

'

'

'

'

'

Remaining four buy-out options expiration month and year

'

'

'

'

'

'

'

'

'2020-07

'

'2030-03

'

Maximum exposure to loss on investment

$138

$113.10

'

'

'

$14.60

$22.80

$25.20

'

'

'

'

Equity ownership in number of companies

'

'

'

'

2

'

'

'

'

'

'

'

Accruals for loss on investment

'

'

'

'

'

1.4

'

'

'

'

'

'

Number of properties held for sale reclassified to be held and used

107

'

'

'

'

'

'

'

'

6

'

7

Share of partners capital

'

'

121.9

124.9

'

'

'

'

'

'

'

'

Difference between carrying amount of the investment and partners capital

'

'

$8.10

$7.40

'

'

'

'

'

'

'

'

Aggregate_Carrying_Amount_and_

Aggregate Carrying Amount and Major Classifications of Consolidated Assets and Liabilities (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Assets	'	'
Real estate investment properties, net	$176,249	$184,306
Other assets	25,012	29,075
Liabilities	'	'
Mortgages and other notes payable	51,420	87,095
Other liabilities	$11,819	$13,214

Summary_of_Financial_Informati

Summary of Financial Information of Unconsolidated Entities (Detail) (USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Schedule of Unconsolidated Entities [Line Items]	'		'		'		'
Revenues	$180,279		$161,426		$406,117		$367,816
Property operating expenses	-81,726		-73,273		-205,255		-189,179
Depreciation and amortization	-33,622		-30,731		-96,691		-88,587
Income (loss) from continuing operations	32,003		82,329		577		8,064
Discontinued operations	-1,380		-4,036		1,188		-8,275
Equity in earnings (loss) of unconsolidated entities	3,176		4,147		6,949		9,183
Interest and other income (expense)	775		-13		866		504
DMC Partnership	'		'		'		'
Schedule of Unconsolidated Entities [Line Items]	'		'		'		'
Revenues	6,870		6,870		21,649		21,192
Property operating expenses	-305		-205		-569		-450
Depreciation and amortization	-2,327		-2,237		-6,779		-6,786
Interest expense	-1,909		-1,986		-5,743		-5,936
Income (loss) from continuing operations	2,329		2,443		8,558		8,024
Net income (loss)	2,329		2,443		8,558		8,024
Income (loss) allocable to other venture partners	-532	[1]	-416	[1]	72	[1]	-461	[1]
Income (loss) allocable to the Company	2,861	[1]	2,859	[1]	8,486	[1]	8,485	[1]
Amortization of capitalized costs	-64		-108		-280		-325
Equity in earnings (loss) of unconsolidated entities	2,797		2,751		8,206		8,160
Distributions declared to the Company	2,859		2,860		8,485		8,486
Distributions received by the Company	2,829		2,829		8,485		8,478
Interest and other income (expense)	'		1		'		4
Intrawest Venture	'		'		'		'
Schedule of Unconsolidated Entities [Line Items]	'		'		'		'
Revenues	4,258		4,142		12,859		12,724
Property operating expenses	-2,256		-2,236		-6,986		-6,998
Depreciation and amortization	-1,118		'		-5,455		'
Interest expense	-1,125		-1,131		-3,534		-3,489
Income (loss) from continuing operations	-241		774		-3,116		2,235
Discontinued operations	266	[2]	274	[2]	812	[2]	893	[2]
Net income (loss)	25		1,048		-2,304		3,128
Income (loss) allocable to other venture partners	-406	[1],[3]	-406	[1],[3]	-1,205	[1],[3]	-1,205	[1],[3]
Income (loss) allocable to the Company	431	[1]	1,454	[1]	-1,099	[1]	4,333	[1]
Amortization of capitalized costs	-52		-58		-158		-175
Equity in earnings (loss) of unconsolidated entities	379		1,396		-1,257		4,158
Distributions declared to the Company	742		620		1,892		1,737
Distributions received by the Company	492		348		1,411		1,807
Interest and other income (expense)	'		-1		'		-2
CNLSun I Venture	'		'		'		'
Schedule of Unconsolidated Entities [Line Items]	'		'		'		'
Revenues	'		'		'		71,287	[4]
Property operating expenses	'		'		'		-45,999	[4]
Depreciation and amortization	'		'		'		-10,994	[4]
Interest expense	'		'		'		-16,154	[4]
Income (loss) from continuing operations	'		'		'		-1,840	[4]
Net income (loss)	'		'		'		-1,840	[4]
Income (loss) allocable to other venture partners	'		'		'		-1,341	[1],[4]
Income (loss) allocable to the Company	'		'		'		-499	[1],[4]
Amortization of capitalized costs	'		'		'		-1,305	[4]
Equity in earnings (loss) of unconsolidated entities	'		'		'		-1,804	[4]
Distributions declared to the Company	'		'		'		7,797	[4]
Distributions received by the Company	'		3,920	[4]	'		11,750	[4]
Interest and other income (expense)	'		'		'		20	[4]
CNLSun II Venture	'		'		'		'
Schedule of Unconsolidated Entities [Line Items]	'		'		'		'
Revenues	'		'		'		19,654	[4]
Property operating expenses	'		'		'		-15,439	[4]
Depreciation and amortization	'		'		'		-2,244	[4]
Interest expense	'		'		'		-2,057	[4]
Income (loss) from continuing operations	'		'		'		-86	[4]
Net income (loss)	'		'		'		-86	[4]
Income (loss) allocable to other venture partners	'		'		'		-8	[1],[4]
Income (loss) allocable to the Company	'		'		'		-78	[1],[4]
Amortization of capitalized costs	'		'		'		-431	[4]
Equity in earnings (loss) of unconsolidated entities	'		'		'		-509	[4]
Distributions declared to the Company	'		'		'		1,039	[4]
Distributions received by the Company	'		522	[4]	'		1,567	[4]
CNLSun III Venture	'		'		'		'
Schedule of Unconsolidated Entities [Line Items]	'		'		'		'
Revenues	'		'		'		21,549	[4]
Property operating expenses	'		'		'		-14,609	[4]
Depreciation and amortization	'		'		'		-2,874	[4]
Interest expense	'		'		'		-2,928	[4]
Income (loss) from continuing operations	'		'		'		1,138	[4]
Net income (loss)	'		'		'		1,138	[4]
Income (loss) allocable to other venture partners	'		'		'		1,788	[1],[4]
Income (loss) allocable to the Company	'		'		'		-650	[1],[4]
Amortization of capitalized costs	'		'		'		-172	[4]
Equity in earnings (loss) of unconsolidated entities	'		'		'		-822	[4]
Distributions declared to the Company	'		'		'		1,660	[4]
Distributions received by the Company	'		835	[4]	'		4,965	[4]
Total	'		'		'		'
Schedule of Unconsolidated Entities [Line Items]	'		'		'		'
Revenues	11,128		11,012		34,508		146,406
Property operating expenses	-2,561		-2,441		-7,555		-83,495
Depreciation and amortization	-3,445		-2,237		-12,234		-22,898
Interest expense	-3,034		-3,117		-9,277		-30,564
Income (loss) from continuing operations	2,088		3,217		5,442		9,471
Discontinued operations	266	[2]	274	[2]	812	[2]	893	[2]
Net income (loss)	2,354		3,491		6,254		10,364
Income (loss) allocable to other venture partners	-938	[1]	-822	[1]	-1,133	[1]	-1,227	[1]
Income (loss) allocable to the Company	3,292	[1]	4,313	[1]	7,387	[1]	11,591	[1]
Amortization of capitalized costs	-116		-166		-438		-2,408
Equity in earnings (loss) of unconsolidated entities	3,176		4,147		6,949		9,183
Distributions declared to the Company	3,601		3,480		10,377		20,719
Distributions received by the Company	3,321		8,454		9,896		28,567
Interest and other income (expense)	'		'		'		$22
[1]	Income (loss) is allocated between the Company and its venture partner using the hypothetical liquidation book value ("HLBV") method of accounting.
[2]	This amount represents the one village retail property that remains classified as an asset held for sale.
[3]	This amount includes 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. As such, summarized operating data for these ventures is reported through June 30, 2013.

Summary_of_Financial_Informati1

Summary of Financial Information of Unconsolidated Entities (Parenthetical) (Detail)	9 Months Ended	1 Months Ended
	Sep. 30, 2014	Jul. 31, 2013
	Property	Unconsolidated Properties
		Joint Venture Agreement
		Property
Schedule of Unconsolidated Entities [Line Items]	'	'
Number of properties sold	47	42

Mortgages_and_Other_Notes_Rece2

Mortgages and Other Notes Receivable, Net - Additional Information (Detail) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Apr. 30, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
Fixed interest rate	'	11.00%	'
Term loan receivable, accelerated maturity date	'2022-09	'	'
Term loan receivable, latest maturity date	'2018-12	'	'
Net estimated fair value of collateral	$7.90	'	'
Proceeds in repayment of loans	83.5	'	'
Estimated fair market value of company's mortgages and other notes receivable	19.9	'	112.2
Through end of 2014	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
Fixed interest rate	'	6.50%	'
January 2015 through December 2018	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
Fixed interest rate	'	7.00%	'
Mortgage And Other Notes Receivable	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
Loan loss provision	$3.30	'	'

Future_Principal_Maturities_fo

Future Principal Maturities for Mortgages and other Notes Receivable (Detail) (USD $)	Sep. 30, 2014
In Thousands, unless otherwise specified
Receivables [Line Items]	'
2014	$18
2015	57
2016	3,329
2017	1,500
2018	'
Thereafter	16,620
Total	$21,524

Indebtedness_Additional_Inform

Indebtedness - Additional Information (Detail) (USD $)

3 Months Ended

9 Months Ended

9 Months Ended

1 Months Ended

9 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

1 Months Ended

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2013

Apr. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Jul. 31, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Jul. 31, 2014

Jul. 31, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jul. 31, 2014

Sep. 30, 2014

Dec. 31, 2013

Property

Revolving line of credit

Senior Housing Properties

Senior Housing Properties

Senior Housing Properties

Senior Housing Properties

Principal Repayment One

Maximum

Multi Family Residential

Golf Facilities

Golf Facilities

Golf Facilities

Variable Rate Debt

Variable Rate Debt

Variable Rate Debt

Variable Rate Debt

Bridge Loan

Bridge Loan

Bridge Loan

Fixed Rate Debt

Carrying (Reported) Amount, Fair Value Disclosure

Carrying (Reported) Amount, Fair Value Disclosure

Loan

Property

Property

Revolving line of credit

Property

Property

Property

Property

LIBOR

Minimum

Maximum

Debt Instrument Original Maturity Term

Extended Maturity

Senior Housing Properties

Property

Property

Senior Housing Properties

Senior Housing Properties

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, issued

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$40,000,000

'

'

'

'

'

'

'

'

'

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%

4.70%

6.90%

'

'

'

'

'

'

Debt instrument, floor rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.50%

'

'

'

'

'

'

'

'

Mortgage debt

634,512,000

634,512,000

'

'

760,192,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

105,000,000

'

'

'

'

'

Maturity date

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

30-Jun-14

20-Dec-14

'

'

'

Debt instrument, extension fee

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.25%

'

'

'

'

'

Aggregate outstanding principal balance of loans repaid

'

231,846,000

12,318,000

'

'

'

'

'

'

'

185,400,000

'

'

'

'

'

'

'

'

'

7,000,000

'

'

'

'

'

Number of properties acquired

'

'

'

'

'

'

3

9

3

3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of loans assumed in connection with the property acquisition

'

'

'

'

'

'

3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of supplemental loans obtained

'

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Principal outstanding balance of loans assumed through acquisition

'

'

'

'

'

'

25,500,000

25,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loan maturity period

'

'

'

'

'

'

'2018-10

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loan maturity period

'

'

'

'

'

'

'2019-01

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loan to fund acquisition

'

'

'

'

'

'

7,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loan maturity period

'

'

'

'

'

'

'2018-10

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt, stated interest rate

'

'

'

11.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4.82%

'

'

Number of properties sold

'

47

'

'

'

'

'

'

'

'

'

'

1

46

46

46

'

'

'

'

'

'

'

'

'

'

Senior notes repurchased, at premium, the face value

24,500,000

24,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loss on repurchase of Senior Notes including the write-off of unamortized loan costs

1,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit repaid

'

30,000,000

145,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acquisition of properties

'

128,390,000

83,451,000

'

'

37,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of credit

122,500,000

122,500,000

'

'

50,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cash distribution from operations

'

'

'

'

'

'

'

'

'

'

'

95.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Estimated fair values of mortgages, other notes payable and line of credit

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

752,600,000

803,700,000

Estimated fair values of Senior notes

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$384,100,000

$410,400,000

Schedule_of_Future_Principal_P

Schedule of Future Principal Payments and Maturities for indebtedness (Detail) (USD $)	Sep. 30, 2014
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'
2014	$145,000
2015	175,513
2016	110,546
2017	128,109
2018	140,769
Thereafter	427,365
Total	$1,127,302

Derivative_Instruments_and_Hed2

Derivative Instruments and Hedging Activities - Additional Information (Detail) (Interest Rate Swap, USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2014
	Derivative	Derivative
Derivative [Line Items]	'	'
Number of interest rate swaps	5	'
Number of interest rate swaps Suspended	'	3
Number of interest rate swaps	'	2
Suspended Interest Rate Contracts	'	'
Derivative [Line Items]	'	'
Notional amount of Cash Flow Hedges	'	97,700

Summary_of_Gross_and_Net_Amoun

Summary of Gross and Net Amounts of Derivative Financial Instruments (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Derivative [Line Items]	'	'
Net Amount	($1,039)	($3,694)
Interest Rate Swap | Derivative Instrument 2 | Cash Flow Hedges	'	'
Derivative [Line Items]	'	'
Notional amount of Cash Flow Hedges	8,490	8,746
Gross Amounts of Recognized Liabilities	-694	-743
Gross Amounts Offset in the Balance Sheets	'	'
Net Amounts of Liabilities Presented in the Balance Sheets	-694	-743
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments	-694	-743
Gross Amounts Not Offset in the Balance Sheet, Cash Collateral	'	'
Net Amount	-694	-743
Interest Rate Swap | Derivative Instrument 4 | Cash Flow Hedges	'	'
Derivative [Line Items]	'	'
Notional amount of Cash Flow Hedges	14,775	15,450
Gross Amounts of Recognized Liabilities	-345	-524
Gross Amounts Offset in the Balance Sheets	'	'
Net Amounts of Liabilities Presented in the Balance Sheets	-345	-524
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments	-345	-524
Gross Amounts Not Offset in the Balance Sheet, Cash Collateral	'	'
Net Amount	-345	-524
Interest Rate Swap | Derivative Instrument 1 | Cash Flow Hedges	'	'
Derivative [Line Items]	'	'
Notional amount of Cash Flow Hedges	'	61,042	[1]
Gross Amounts of Recognized Liabilities	'	-1,748
Gross Amounts Offset in the Balance Sheets	'	'
Net Amounts of Liabilities Presented in the Balance Sheets	'	-1,748
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments	'	-1,748
Gross Amounts Not Offset in the Balance Sheet, Cash Collateral	'	'
Net Amount	'	-1,748
Interest Rate Swap | Derivative Instrument 3 | Cash Flow Hedges	'	'
Derivative [Line Items]	'	'
Notional amount of Cash Flow Hedges	'	16,603	[1],[2]
Gross Amounts of Recognized Liabilities	'	-233
Gross Amounts Offset in the Balance Sheets	'	'
Net Amounts of Liabilities Presented in the Balance Sheets	'	-233
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments	'	-233
Gross Amounts Not Offset in the Balance Sheet, Cash Collateral	'	'
Net Amount	'	-233
Interest Rate Swap | Derivative Instrument 5 | Cash Flow Hedges	'	'
Derivative [Line Items]	'	'
Notional amount of Cash Flow Hedges	'	24,811	[1]
Gross Amounts of Recognized Liabilities	'	-446
Gross Amounts Offset in the Balance Sheets	'	'
Net Amounts of Liabilities Presented in the Balance Sheets	'	-446
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments	'	-446
Gross Amounts Not Offset in the Balance Sheet, Cash Collateral	'	'
Net Amount	'	($446)
[1]	During the nine months ended September 30, 2014, the Company terminated three interest rate swaps because the corresponding loans were repaid in full.
[2]	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 had been converted from Canadian dollars to U.S. dollars at an exchange rate of 0.94 Canadian dollars for $1.00 U.S. dollar on December 31, 2013.

Summary_of_Gross_and_Net_Amoun1

Summary of Gross and Net Amounts of Derivative Financial Instruments (Parenthetical) (Detail) (USD $)	12 Months Ended
	Dec. 31, 2013	Sep. 30, 2014
		Interest Rate Swap
		Derivative
Derivative [Line Items]	'	'
Loan denominated in Canadian dollars	$20,000,000	'
Fixed interest rate	6.40%	'
U.S. exchange rate for Canadian dollars	0.94	'
Foreign currency exchange rate conversion to dollars	$1	'
Number of interest rate swaps Suspended	'	3

Fair_Value_Measurements_Additi

Fair Value Measurements - Additional Information (Detail)	Sep. 30, 2014	Dec. 31, 2013
	Property	Property
Fair Value Measurements Disclosure [Line Items]	'	'
Number of investment properties Held for Sale	2	5
Number of investment properties	'	48

Fair_Value_of_Financial_Assets

Fair Value of Financial Assets and Liabilities Carried at Fair Value (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Assets:	'	'
Assets held for sale carried at fair value	$13,261	$90,794
Real estate investment properties, net carried at fair value	'	304,703
Liabilities:	'	'
Derivative instruments	1,039	3,694
Level 2	'	'
Liabilities:	'	'
Derivative instruments	1,039	3,694
Level 3	'	'
Assets:	'	'
Assets held for sale carried at fair value	13,261	90,794
Real estate investment properties, net carried at fair value	'	$304,703

Related_Party_Arrangements_Add

Related Party Arrangements - Additional Information (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2014
In Millions, unless otherwise specified			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	$15	$8.60	'	'

Adviser_Earned_Fees_and_Incurr

Adviser Earned Fees and Incurred Reimbursable Expenses (Detail) (USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Acquisition fees:	'		'		'		'
Acquisition fees from distribution reinvestment plan	'		$322	[1]	$319	[1]	$963	[1]
Acquisition fees from debt proceeds	'		'		1,521	[2]	234	[2]
Total	'		322		1,840		1,197
Asset management fees	7,506	[3]	8,241	[3]	23,584	[3]	26,665	[3]
Reimbursable expenses:	'		'		'		'
Acquisition costs	64		44		202		161
Operating expenses	1,710		1,627		5,213		5,307
Total	1,774	[4]	1,671	[4]	5,415	[4]	5,468	[4]
Total fees earned and reimbursable expenses	$9,280		$10,234		$30,839		$33,330
[1]	Amounts are recorded as acquisition fees and costs in the accompanying unaudited condensed consolidated statements of operations. Effective April 1, 2014, the Advisor eliminated this fee going forward.
[2]	Amounts are recorded as loan costs and are included as part of other assets in the accompanying unaudited condensed consolidated balance sheets. Effective April 1, 2014, the Advisor eliminated this fee going forward.
[3]	Amounts are recorded as asset management fees to Advisor including fees related to properties that are classified as assets held for sale that are included as discontinued operations in the accompanying unaudited condensed consolidated statements of operations. Effective April 1, 2014, the asset management fees to Advisor were reduced as described above.
[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 unaudited condensed consolidated statements of operations.

Amounts_Due_to_Affiliates_for_

Amounts Due to Affiliates for Fees and Expenses (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Related Party Transaction [Line Items]	'	'
Due to affiliates	$564	$1,025
Operating expenses	'	'
Related Party Transaction [Line Items]	'	'
Due to affiliates	543	671
Acquisition fees and expenses	'	'
Related Party Transaction [Line Items]	'	'
Due to affiliates	$21	$354

Stockholders_Equity_Additional

Stockholders' Equity - Additional Information (Detail) (USD $)	9 Months Ended	12 Months Ended			9 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013	Mar. 31, 2014	Mar. 31, 2014	Sep. 30, 2014
			Minimum	Maximum	Reinvestment Plan
Stockholders Equity Note [Line Items]	'	'	'	'	'
Offering proceeds	'	'	'	'	$27.20
Shares subscribed, shares	'	'	'	'	4,000,000
Declared and paid distributions	103.3	'	'	'	'
Declared and paid distributions, per share	$0.32	$0.43	'	'	'
Estimated net asset value per share	$6.85	$6.85	'	'	'
Percentage of shares that may be redeemed	'	'	92.50%	100.00%	'
Shares redeemed, amount	$9.40	'	'	'	'
Redemption of shares	1,400,000	'	'	'	'

Schedule_of_Pending_Redemption

Schedule of Pending Redemption Request (Detail) (USD $)	3 Months Ended						9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Sep. 30, 2014		Dec. 31, 2013
Stockholders Equity Note [Line Items]	'		'		'		'		'
Requests in queue	10,809		10,798		10,547		10,547		'
Redemptions requested	1,355		864		778		2,997		'
Shares redeemed:	'		'		'		'		'
Prior period requests	-60		-80		-135		-275		'
Current period requests	-439		-369		-300		-1,108		'
Adjustments	-93	[1]	-404	[1]	-92	[1]	-589	[1]	'
Pending redemption requests	11,572	[2]	10,809	[2]	10,798	[2]	11,572	[2]	'
Average price paid per share	$6.81	[3]	$6.85		$6.85		$6.84		'
Estimated net asset value per share	$6.85		'		'		$6.85		$6.85
[1]	This amount represents redemption request cancellations and other adjustments.
[2]	Requests that were not fulfilled in whole during a particular quarter were redeemed on a pro rata basis to the extent funds were made available pursuant to the redemption plan. Pending requests as of September 30, 2014 will remain in queue and will not be redeemed at this time because the redemption plan has been suspended.
[3]	Redeemed certain shares for less than the estimated NAV of $6.85 per share because they were purchased on a secondary market at a price less than $6.85 per share.

Consolidating_Balance_Sheet_De

Consolidating Balance Sheet (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Assets	'	'	'	'
Real estate investment properties, net	$1,890,582	$2,068,973	'	'
Cash	277,122	71,574	128,496	73,224
Investments in unconsolidated entities	129,990	132,324	'	'
Deferred rent and lease incentives	53,374	57,378	'	'
Restricted cash	52,721	51,335	'	'
Other assets	45,017	52,310	'	'
Intangibles, net	30,046	36,922	'	'
Accounts and other receivables, net	22,202	21,080	'	'
Mortgages and other notes receivable, net	20,551	117,963	'	'
Assets held for sale, net	13,261	90,794	'	'
Total Assets	2,534,866	2,700,653	'	'
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'	'	'
Mortgages and other notes payable	634,512	760,192	'	'
Senior notes, net of discount	370,321	394,419	'	'
Line of credit	122,500	50,000	'	'
Other liabilities	61,388	76,816	'	'
Accounts payable and accrued expenses	58,049	49,823	'	'
Due to affiliates	564	1,025	'	'
Total Liabilities	1,247,334	1,332,275	'	'
Commitments and contingencies	'	'	'	'
Stockholders' equity:	'	'	'	'
Preferred stock, $.01 par value per share	0	'	'	'
Excess shares, $.01 par value per share	0	'	'	'
Common stock, $.01 par value per share	3,252	3,226	'	'
Capital in excess of par value	2,864,036	2,846,265	'	'
Accumulated earnings (deficit)	-400,220	-401,985	'	'
Accumulated distributions	-1,176,750	-1,073,422	'	'
Accumulated other comprehensive loss	-2,786	-5,706	'	'
Total Stockholders' Equity	1,287,532	1,368,378	'	1,711,431
Total Liabilities and Stockholders' Equity	2,534,866	2,700,653	'	'
Issuer	'	'	'	'
Assets	'	'	'	'
Cash	218,869	37,668	79,172	39,219
Investments in subsidiaries	1,448,023	1,726,328	'	'
Restricted cash	12	33	'	'
Other assets	9,044	11,355	'	'
Total Assets	1,675,948	1,775,384	'	'
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'	'	'
Senior notes, net of discount	370,321	394,419	'	'
Accounts payable and accrued expenses	17,547	11,584	'	'
Due to affiliates	548	1,003	'	'
Total Liabilities	388,416	407,006	'	'
Commitments and contingencies	'	'	'	'
Stockholders' equity:	'	'	'	'
Common stock, $.01 par value per share	3,252	3,226	'	'
Capital in excess of par value	2,864,036	2,846,265	'	'
Accumulated earnings (deficit)	-400,220	-401,985	'	'
Accumulated distributions	-1,176,750	-1,073,422	'	'
Accumulated other comprehensive loss	-2,786	-5,706	'	'
Total Stockholders' Equity	1,287,532	1,368,378	'	'
Total Liabilities and Stockholders' Equity	1,675,948	1,775,384	'	'
Guarantor Subsidiaries	'	'	'	'
Assets	'	'	'	'
Real estate investment properties, net	541,688	846,914	'	'
Cash	26,117	15,671	20,046	14,125
Investments in unconsolidated entities	129,990	132,324	'	'
Investments in subsidiaries	1,140,802	1,150,443	'	'
Deferred rent and lease incentives	24,967	29,839	'	'
Restricted cash	28,731	26,595	'	'
Other assets	16,558	15,829	'	'
Intangibles, net	5,076	18,094	'	'
Accounts and other receivables, net	8,702	12,241	'	'
Mortgages and other notes receivable, net	50,050	45,947	'	'
Assets held for sale, net	13,261	6,106	'	'
Total Assets	1,985,942	2,300,003	'	'
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'	'	'
Mortgages and other notes payable	195,610	246,295	'	'
Line of credit	122,500	50,000	'	'
Other liabilities	20,138	33,447	'	'
Accounts payable and accrued expenses	17,383	13,526	'	'
Due to affiliates	9	8	'	'
Total Liabilities	355,640	343,276	'	'
Commitments and contingencies	'	'	'	'
Stockholders' equity:	'	'	'	'
Capital in excess of par value	6,143,364	6,027,607	'	'
Accumulated earnings (deficit)	146,499	58,777	'	'
Accumulated distributions	-4,659,561	-4,129,657	'	'
Total Stockholders' Equity	1,630,302	1,956,727	'	'
Total Liabilities and Stockholders' Equity	1,985,942	2,300,003	'	'
Non-Guarantor Subsidiaries	'	'	'	'
Assets	'	'	'	'
Real estate investment properties, net	1,348,894	1,222,059	'	'
Cash	32,136	18,235	29,278	19,880
Investments in subsidiaries	1,396,120	1,865,714	'	'
Deferred rent and lease incentives	28,407	27,539	'	'
Restricted cash	23,978	24,707	'	'
Other assets	19,415	25,126	'	'
Intangibles, net	24,970	18,828	'	'
Accounts and other receivables, net	13,500	8,839	'	'
Mortgages and other notes receivable, net	15,612	114,469	'	'
Assets held for sale, net	'	84,688	'	'
Total Assets	2,903,032	3,410,204	'	'
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'	'	'
Mortgages and other notes payable	482,915	555,433	'	'
Other liabilities	41,250	43,369	'	'
Accounts payable and accrued expenses	24,216	25,630	'	'
Due to affiliates	7	14	'	'
Total Liabilities	548,388	624,446	'	'
Commitments and contingencies	'	'	'	'
Stockholders' equity:	'	'	'	'
Capital in excess of par value	8,729,686	8,700,131	'	'
Accumulated earnings (deficit)	135,794	9,853	'	'
Accumulated distributions	-6,508,050	-5,918,520	'	'
Accumulated other comprehensive loss	-2,786	-5,706	'	'
Total Stockholders' Equity	2,354,644	2,785,758	'	'
Total Liabilities and Stockholders' Equity	2,903,032	3,410,204	'	'
Consolidating Adjustments	'	'	'	'
Assets	'	'	'	'
Investments in subsidiaries	-3,984,945	-4,742,485	'	'
Mortgages and other notes receivable, net	-45,111	-42,453	'	'
Total Assets	-4,030,056	-4,784,938	'	'
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'	'	'
Mortgages and other notes payable	-44,013	-41,536	'	'
Accounts payable and accrued expenses	-1,097	-917	'	'
Total Liabilities	-45,110	-42,453	'	'
Commitments and contingencies	'	'	'	'
Stockholders' equity:	'	'	'	'
Capital in excess of par value	-14,873,050	-14,727,738	'	'
Accumulated earnings (deficit)	-282,293	-68,630	'	'
Accumulated distributions	11,167,611	10,048,177	'	'
Accumulated other comprehensive loss	2,786	5,706	'	'
Total Stockholders' Equity	-3,984,946	-4,742,485	'	'
Total Liabilities and Stockholders' Equity	($4,030,056)	($4,784,938)	'	'

Consolidating_Statement_of_Ope

Consolidating Statement of Operations (Detail) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Revenues:	'	'	'	'	'
Rental income from operating leases	$37,631	$31,466	$115,009	$101,159	'
Property operating revenues	140,683	126,707	283,064	256,622	'
Interest income on mortgages and other notes receivable	1,965	3,253	8,044	10,035	'
Total revenues	180,279	161,426	406,117	367,816	'
Expenses:	'	'	'	'	'
Property operating expenses	81,726	73,273	205,255	189,179	'
Asset management fees to advisor	6,053	6,498	18,999	21,445	'
General and administrative	4,307	3,882	13,452	12,858	'
Ground lease and permit fees	2,849	3,132	9,688	9,602	'
Acquisition fees and costs	509	1,009	2,513	1,922	'
Other operating expenses	2,170	2,338	4,028	4,307	'
Bad debt expense (recovery)	65	1,823	1,062	5,882	'
Loss (recovery) on lease terminations	'	'	-741	'	'
Impairment provision	'	2,740	'	45,191	'
Loan loss provision	750	'	3,270	'	'
Depreciation and amortization	33,622	30,731	96,691	88,587	'
Total expenses	132,051	125,426	354,217	378,973	'
Operating income (loss)	48,228	36,000	51,900	-11,157	'
Other income (expense):	'	'	'	'	'
Interest and other income (expense)	775	-13	866	504	'
Bargain purchase gain	'	2,653	'	2,653	'
Interest expense and loan cost amortization	-18,556	-15,852	-57,322	-48,513	'
Loss on extinguishment of debt	-1,620	'	-1,816	'	'
Gain from sale of unconsolidated entities	'	55,394	'	55,394	'
Equity in earnings of unconsolidated entities	3,176	4,147	6,949	9,183	'
Total other income (expense)	-16,225	46,329	-51,323	19,221	'
Income (loss) from continuing operations	32,003	82,329	577	8,064	'
Income (loss) from discontinued operations (includes $3,027 amortization of loss and loss on termination of cash flow hedges for the nine months ended September 30, 2014, and $414 and $1,241 amortization of loss on termination of cash flow hedges for the quarter and nine months ended September 30, 2013, respectively)	-1,380	-4,036	1,188	-8,275	'
Net income (loss)	30,623	78,293	1,765	-211	-252,539
Issuer	'	'	'	'	'
Expenses:	'	'	'	'	'
Asset management fees to advisor	6,053	6,498	18,999	21,445	'
General and administrative	3,998	3,275	11,272	11,206	'
Acquisition fees and costs	509	1,009	2,513	1,922	'
Other operating expenses	452	248	874	739	'
Total expenses	11,012	11,030	33,658	35,312	'
Operating income (loss)	-11,012	-11,030	-33,658	-35,312	'
Other income (expense):	'	'	'	'	'
Interest and other income (expense)	6	59	17	174	'
Interest expense and loan cost amortization	-7,893	-8,107	-23,691	-23,811	'
Loss on extinguishment of debt	-1,591	'	-1,591	'	'
Equity in earnings (loss), intercompany	51,113	97,371	60,688	58,738	'
Total other income (expense)	41,635	89,323	35,423	35,101	'
Income (loss) from continuing operations	30,623	78,293	1,765	-211	'
Net income (loss)	30,623	78,293	1,765	-211	'
Guarantor Subsidiaries	'	'	'	'	'
Revenues:	'	'	'	'	'
Rental income from operating leases	12,226	14,530	41,170	48,071	'
Property operating revenues	48,026	34,429	81,741	59,160	'
Interest income on mortgages and other notes receivable	1,220	1,169	3,605	3,351	'
Total revenues	61,472	50,128	126,516	110,582	'
Expenses:	'	'	'	'	'
Property operating expenses	23,585	18,419	54,793	44,200	'
General and administrative	177	334	569	734	'
Ground lease and permit fees	1,700	2,041	5,672	5,616	'
Other operating expenses	499	1,133	1,092	1,121	'
Bad debt expense (recovery)	-47	886	-45	3,100	'
Loss (recovery) on lease terminations	'	'	-1,036	'	'
Impairment provision	'	2,740	'	45,191	'
Depreciation and amortization	10,096	9,923	29,250	29,181	'
Total expenses	36,010	35,476	90,295	129,143	'
Operating income (loss)	25,462	14,652	36,221	-18,561	'
Other income (expense):	'	'	'	'	'
Interest and other income (expense)	-3	-58	150	372	'
Interest expense and loan cost amortization	-1,935	-3,216	-10,335	-11,225	'
Loss on extinguishment of debt	-2,603	'	-2,603	'	'
Gain from sale of unconsolidated entities	'	55,394	'	55,394	'
Equity in earnings of unconsolidated entities	3,176	4,147	6,949	9,183	'
Equity in earnings (loss), intercompany	41,189	106,548	57,197	114,883	'
Total other income (expense)	39,824	162,815	51,358	168,607	'
Income (loss) from continuing operations	65,286	177,467	87,579	150,046	'
Income (loss) from discontinued operations (includes $3,027 amortization of loss and loss on termination of cash flow hedges for the nine months ended September 30, 2014, and $414 and $1,241 amortization of loss on termination of cash flow hedges for the quarter and nine months ended September 30, 2013, respectively)	-1,028	-3,063	143	-5,409	'
Net income (loss)	64,258	174,404	87,722	144,637	'
Non-Guarantor Subsidiaries	'	'	'	'	'
Revenues:	'	'	'	'	'
Rental income from operating leases	25,405	16,936	73,839	53,088	'
Property operating revenues	92,657	92,278	201,323	197,462	'
Interest income on mortgages and other notes receivable	1,881	3,185	7,814	9,814	'
Total revenues	119,943	112,399	282,976	260,364	'
Expenses:	'	'	'	'	'
Property operating expenses	58,141	54,854	150,462	144,979	'
General and administrative	132	273	1,611	918	'
Ground lease and permit fees	1,149	1,091	4,016	3,986	'
Other operating expenses	1,219	957	2,062	2,447	'
Bad debt expense (recovery)	112	937	1,107	2,782	'
Loss (recovery) on lease terminations	'	'	295	'	'
Loan loss provision	750	'	3,270	'	'
Depreciation and amortization	23,526	20,808	67,441	59,406	'
Total expenses	85,029	78,920	230,264	214,518	'
Operating income (loss)	34,914	33,479	52,712	45,846	'
Other income (expense):	'	'	'	'	'
Interest and other income (expense)	772	-14	699	-42	'
Bargain purchase gain	'	2,653	'	2,653	'
Interest expense and loan cost amortization	-9,864	-5,630	-26,671	-16,607	'
Loss on extinguishment of debt	2,574	'	2,378	'	'
Equity in earnings (loss), intercompany	70,093	123,357	95,778	95,606	'
Total other income (expense)	63,575	120,366	72,184	81,610	'
Income (loss) from continuing operations	98,489	153,845	124,896	127,456	'
Income (loss) from discontinued operations (includes $3,027 amortization of loss and loss on termination of cash flow hedges for the nine months ended September 30, 2014, and $414 and $1,241 amortization of loss on termination of cash flow hedges for the quarter and nine months ended September 30, 2013, respectively)	-352	-973	1,045	-2,866	'
Net income (loss)	98,137	152,872	125,941	124,590	'
Consolidating Adjustments	'	'	'	'	'
Revenues:	'	'	'	'	'
Interest income on mortgages and other notes receivable	-1,136	-1,101	-3,375	-3,130	'
Total revenues	-1,136	-1,101	-3,375	-3,130	'
Expenses:	'	'	'	'	'
Operating income (loss)	-1,136	-1,101	-3,375	-3,130	'
Other income (expense):	'	'	'	'	'
Interest expense and loan cost amortization	1,136	1,101	3,375	3,130	'
Equity in earnings (loss), intercompany	-162,395	-327,276	-213,663	-269,227	'
Total other income (expense)	-161,259	-326,175	-210,288	-266,097	'
Income (loss) from continuing operations	-162,395	-327,276	-213,663	-269,227	'
Net income (loss)	($162,395)	($327,276)	($213,663)	($269,227)	'

Consolidating_Statement_of_Ope1

Consolidating Statement of Operations (Parenthetical) (Detail) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Condensed Financial Statements, Captions [Line Items]	'	'	'	'	'
Loss on termination of cash flow heges	$57	'	$460	'	'
Amortization of loss on termination of cash flow hedges	56	414	3,487	1,241	1,655
Discontinued Operations	'	'	'	'	'
Condensed Financial Statements, Captions [Line Items]	'	'	'	'	'
Amortization of loss on termination of cash flow hedges	'	$414	$3,027	$1,241	'

Consolidating_Statement_of_Com

Consolidating Statement of Comprehensive Income (loss) (Detail) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Condensed Financial Statements, Captions [Line Items]	'	'	'	'	'
Net income (loss)	$30,623	$78,293	$1,765	($211)	($252,539)
Other comprehensive income (loss):	'	'	'	'	'
Foreign currency translation adjustments	-1,478	410	-1,383	-804	-1,563
Changes in fair value of cash flow hedges:	'	'	'	'	'
Amortization of loss and loss on termination of cash flow hedges	56	414	3,487	1,241	1,655
Unrealized gain (loss) arising during the period	204	60	816	1,459	'
Total other comprehensive income (loss)	-1,218	884	2,920	1,896	'
Comprehensive income (loss)	29,405	79,177	4,685	1,685	'
Issuer	'	'	'	'	'
Condensed Financial Statements, Captions [Line Items]	'	'	'	'	'
Net income (loss)	30,623	78,293	1,765	-211	'
Other comprehensive income (loss):	'	'	'	'	'
Foreign currency translation adjustments	-1,478	410	-1,383	-804	'
Changes in fair value of cash flow hedges:	'	'	'	'	'
Amortization of loss and loss on termination of cash flow hedges	56	414	3,487	1,241	'
Unrealized gain (loss) arising during the period	204	60	816	1,459	'
Total other comprehensive income (loss)	-1,218	884	2,920	1,896	'
Comprehensive income (loss)	29,405	79,177	4,685	1,685	'
Guarantor Subsidiaries	'	'	'	'	'
Condensed Financial Statements, Captions [Line Items]	'	'	'	'	'
Net income (loss)	64,258	174,404	87,722	144,637	'
Changes in fair value of cash flow hedges:	'	'	'	'	'
Comprehensive income (loss)	64,258	174,404	87,722	144,637	'
Non-Guarantor Subsidiaries	'	'	'	'	'
Condensed Financial Statements, Captions [Line Items]	'	'	'	'	'
Net income (loss)	98,137	152,872	125,941	124,590	'
Other comprehensive income (loss):	'	'	'	'	'
Foreign currency translation adjustments	-1,478	410	-1,383	-804	'
Changes in fair value of cash flow hedges:	'	'	'	'	'
Amortization of loss and loss on termination of cash flow hedges	56	414	3,487	1,241	'
Unrealized gain (loss) arising during the period	204	60	816	1,459	'
Total other comprehensive income (loss)	-1,218	884	2,920	1,896	'
Comprehensive income (loss)	96,919	153,756	128,861	126,486	'
Consolidating Adjustments	'	'	'	'	'
Condensed Financial Statements, Captions [Line Items]	'	'	'	'	'
Net income (loss)	-162,395	-327,276	-213,663	-269,227	'
Other comprehensive income (loss):	'	'	'	'	'
Foreign currency translation adjustments	1,478	-410	1,383	804	'
Changes in fair value of cash flow hedges:	'	'	'	'	'
Amortization of loss and loss on termination of cash flow hedges	-56	-414	-3,487	-1,241	'
Unrealized gain (loss) arising during the period	-204	-60	-816	-1,459	'
Total other comprehensive income (loss)	1,218	-884	-2,920	-1,896	'
Comprehensive income (loss)	($161,177)	($328,160)	($216,583)	($271,123)	'

Consolidating_Statement_of_Cas

Consolidating Statement of Cash Flows (Detail) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Operating activities:	'	'
Net cash provided by (used in) operating activities	$132,818	$133,035
Investing activities:	'	'
Acquisition and deposits on real estate investments	-128,390	-83,451
Capital expenditures	-55,888	-52,722
Proceeds from sale of properties	370,774	11,000
Proceeds from sale of unconsolidated entities	'	195,446
Proceeds from release of collateral on loan payable	'	11,167
Collection of mortgage loans receivable	83,459	4,220
Changes in restricted cash	-1,876	-12,377
Other	823	-524
Net cash provided by (used in) investing activities	268,902	72,759
Financing activities:	'	'
Redemptions of common stock	-9,412	-8,954
Distributions to stockholders, net of distribution reinvestments	-76,119	-60,180
Proceeds under line of credit	102,500	50,000
Proceeds from mortgage loans and other notes payable	57,790	30,000
Principal payments on line of credit	-30,000	-145,000
Principal payments on mortgage loans and senior notes	-231,846	-12,318
Principal payments on capital leases	-4,545	-3,313
Payment of entrance fee refunds	-1,257	'
Payment of loan costs	-3,204	-751
Net cash provided by (used in) financing activities	-196,093	-150,516
Effect of exchange rate fluctuation on cash	-79	-6
Net increase (decrease) in cash	205,548	55,272
Cash at beginning of period	71,574	73,224
Cash at end of period	277,122	128,496
Issuer	'	'
Operating activities:	'	'
Net cash provided by (used in) operating activities	-51,615	-55,324
Investing activities:	'	'
Changes in restricted cash	21	1
Other	614	-250
Intercompany investing	342,212	164,660
Net cash provided by (used in) investing activities	342,847	164,411
Financing activities:	'	'
Redemptions of common stock	-9,412	-8,954
Distributions to stockholders, net of distribution reinvestments	-76,119	-60,180
Principal payments on mortgage loans and senior notes	-24,500	'
Net cash provided by (used in) financing activities	-110,031	-69,134
Net increase (decrease) in cash	181,201	39,953
Cash at beginning of period	37,668	39,219
Cash at end of period	218,869	79,172
Guarantor Subsidiaries	'	'
Operating activities:	'	'
Net cash provided by (used in) operating activities	76,708	95,174
Investing activities:	'	'
Capital expenditures	-24,306	-21,715
Proceeds from sale of properties	291,620	11,000
Proceeds from sale of unconsolidated entities	'	195,446
Collection of mortgage loans receivable	'	35
Changes in restricted cash	-2,606	-5,765
Other	148	57
Net cash provided by (used in) investing activities	264,856	179,058
Financing activities:	'	'
Proceeds under line of credit	102,500	50,000
Principal payments on line of credit	-30,000	-145,000
Principal payments on mortgage loans and senior notes	-90,480	-7,431
Principal payments on capital leases	-2,642	-2,007
Payment of loan costs	-544	'
Intercompany financing	-309,952	-163,873
Net cash provided by (used in) financing activities	-331,118	-268,311
Net increase (decrease) in cash	10,446	5,921
Cash at beginning of period	15,671	14,125
Cash at end of period	26,117	20,046
Non-Guarantor Subsidiaries	'	'
Operating activities:	'	'
Net cash provided by (used in) operating activities	107,725	93,185
Investing activities:	'	'
Acquisition and deposits on real estate investments	-128,390	-83,451
Capital expenditures	-31,582	-31,007
Proceeds from sale of properties	79,154	'
Proceeds from release of collateral on loan payable	'	11,167
Collection of mortgage loans receivable	83,459	4,185
Changes in restricted cash	709	-6,613
Other	61	-331
Net cash provided by (used in) investing activities	3,411	-106,050
Financing activities:	'	'
Proceeds from mortgage loans and other notes payable	57,790	30,000
Principal payments on mortgage loans and senior notes	-116,866	-4,887
Principal payments on capital leases	-1,903	-1,306
Payment of entrance fee refunds	-1,257	'
Payment of loan costs	-2,660	-751
Intercompany financing	-32,260	-787
Net cash provided by (used in) financing activities	-97,156	22,269
Effect of exchange rate fluctuation on cash	-79	-6
Net increase (decrease) in cash	13,901	9,398
Cash at beginning of period	18,235	19,880
Cash at end of period	32,136	29,278
Consolidating Adjustments	'	'
Investing activities:	'	'
Intercompany investing	-342,212	-164,660
Net cash provided by (used in) investing activities	-342,212	-164,660
Financing activities:	'	'
Intercompany financing	342,212	164,660
Net cash provided by (used in) financing activities	$342,212	$164,660

Subsequent_Events_Additional_I

Subsequent Events - Additional Information (Detail) (USD $)	9 Months Ended		0 Months Ended	3 Months Ended	9 Months Ended	1 Months Ended		1 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Oct. 31, 2014	Nov. 13, 2014	Oct. 31, 2014	Oct. 31, 2014
	Property		Golf Facilities	Golf Facilities	Golf Facilities	Subsequent Event	Subsequent Event	Subsequent Event	Subsequent Event
			Property	Property	Property	Loan		DMC Partnership	DMC Partnership
								JointVentures	LIBOR
Subsequent Event [Line Items]	'	'	'	'	'	'	'	'	'
Number of indebtedness repaid	'	'	'	'	'	1	'	'	'
Aggregate outstanding principal balance of loans repaid	$231,846,000	$12,318,000	'	'	'	$45,900,000	'	'	'
Number of properties sold	47	'	46	46	46	'	'	'	'
Repayment of line of credit	30,000,000	145,000,000	'	'	'	100,000,000	'	'	'
Line of credit, borrowings	102,500,000	50,000,000	'	'	'	30,000,000	'	'	'
Senior notes repurchased, at premium	'	'	'	'	'	'	53,900,000	'	'
Senior notes repurchased, at premium, the face value	24,500,000	'	'	'	'	'	52,300,000	'	'
Number of unconsolidated joint ventures ownerships held	'	'	'	'	'	'	'	2	'
Aggregate principal amount	'	'	'	'	'	'	'	131,500,000	'
Debt instrument, interest rate terms	'	'	'	'	'	'	'	'30-day LIBOR plus 1.75% with a 0.25% LIBOR floor	'
Debt instrument, interest rate basis point above reference rate	'	'	'	'	'	'	'	'	1.75%
Debt instrument, floor rate	'	'	'	'	'	'	'	'	0.25%
Debt instrument maturity date	'	'	'	'	'	'	'	31-May-15	'
Extension period on maturity of debt	'	'	'	'	'	'	'	'6 months	'
Debt instrument, extension fees	'	'	'	'	'	'	'	$700,000	'