CNL Lifestyle Properties (CLLY) Inactive 10-K31 Mar 152014 FY Annual reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Dec. 31, 2014	Mar. 13, 2015	Jun. 30, 2014
Document Information [Line Items]
Document Type	10-K
Amendment Flag	FALSE
Document Period End Date	31-Dec-14
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Trading Symbol	ck0001261159
Entity Registrant Name	CNL LIFESTYLE PROPERTIES INC
Entity Central Index Key	1261159
Current Fiscal Year End Date	-19
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		325,184,227
Entity Public Float			$2,200,000,000

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Assets
Real estate investment properties, net (including $158,589 and $184,306 related to consolidated variable interest entities, respectively)	$1,136,451	$2,068,973
Assets held for sale, net (including $12,953 and $0 related to consolidated variable interest entities, respectively)	699,816	90,794
Cash	136,985	71,574	73,224	162,839
Investments in unconsolidated entities	127,102	132,324
Deferred rent and lease incentives	47,649	57,378
Restricted cash	39,097	51,335
Other assets	36,639	52,310
Accounts and other receivables, net	23,086	21,080
Mortgages and other notes receivable, net	19,361	117,963
Intangibles, net	18,026	36,922
Total Assets	2,284,212	2,700,653
LIABILITIES AND STOCKHOLDERS' EQUITY
Mortgages and other notes payable (including $30,412 and $87,095 related to non-recourse debt of consolidated variable interest entities, respectively)	550,504	760,192
Senior notes, net of discount	316,846	394,419
Line of credit	152,500	50,000
Other liabilities	60,478	76,816
Accounts payable and accrued expenses	46,005	49,823
Due to affiliates	489	1,025
Total Liabilities	1,126,822	1,332,275
Commitments and contingencies (Note 17)
Stockholders' equity:
Preferred stock, $.01 par value per share 200 million shares authorized and unissued
Excess shares, $.01 par value per share 120 million shares authorized and unissued	0	0
Common stock, $.01 par value per share One billion shares authorized; 349,084 and 345,114 shares issued and 325,184 and 322,627 shares outstanding as of December 31, 2014 and 2013, respectively	3,252	3,226
Capital in excess of par value	2,863,839	2,846,265
Accumulated deficit	-494,129	-401,985
Accumulated distributions	-1,211,302	-1,073,422
Accumulated other comprehensive loss	-4,270	-5,706
Total Stockholders' Equity	1,157,390	1,368,378	1,711,431	1,889,980
Total Liabilities and Stockholders' Equity	$2,284,212	$2,700,653

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Real estate investment properties, net	$158,589	$184,306
Asset held for sale net, variable interest entities	12,953	0
Mortgages and other notes payable	$30,412	$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	325,184,000	322,627,000

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Revenues:
Rental income from operating leases	$128,023	$115,414	$108,462
Property operating revenues	236,860	233,956	228,068
Interest income on mortgages and other notes receivable	8,412	13,120	12,997
Total revenues	373,295	362,490	349,527
Expenses:
Property operating expenses	190,165	187,581	185,538
Asset management fees to advisor	18,651	23,060	25,009
General and administrative	17,136	17,233	17,678
Ground lease and permit fees	10,162	9,838	8,938
Acquisition fees and costs	664	2,467	3,224
Other operating expenses	5,328	4,471	6,496
Bad debt expense	291	54	228
Impairment provision	30,428	50,033	10
(Gain) loss on lease terminations	8,914	-3,850	1,560
Loan loss provision	3,270	3,104	1,699
Depreciation and amortization	98,664	94,459	87,479
Total expenses	383,673	388,450	337,859
Operating income (loss)	-10,378	-25,960	11,668
Other income (expense):
Interest and other income	838	559	850
Interest expense and loan cost amortization (includes $460 loss on termination of cash flow hedges for the year ended December 31, 2014)	-57,260	-55,769	-55,094
Loss on extinguishment of debt	-1,391		-4
Bargain purchase gain		2,653
Gain from sale of unconsolidated entities		55,394
Equity in earnings of unconsolidated entities	7,753	11,701	5,521
Total other income (expense)	-50,060	14,538	-48,727
Income (loss) from continuing operations	-60,438	-11,422	-37,059
Loss from discontinued operations (includes $3,027, $1,655, and $1,655 amortization of loss on termination of cash flow hedges for the years ended December 31, 2014, 2013 and 2012, respectively)	-31,706	-241,117	-39,014
Net income (loss)	($92,144)	($252,539)	($76,073)
Loss per share of common stock (basic and diluted):
Continuing operations	($0.18)	($0.03)	($0.12)
Discontinued operations	($0.10)	($0.76)	($0.12)
Earnings (loss) per share of common stock (basic and diluted)	($0.28)	($0.79)	($0.24)
Weighted average number of shares of common stock outstanding (basic and diluted)	324,451	318,742	312,309

Consolidated_Statements_of_Ope1

Consolidated Statements of Operations (Parenthetical) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Loss on termination of cash flow hedge	$460
Amortization of loss on termination of cash flow hedges	3,486	1,655	1,655
Discontinued Operations
Amortization of loss on termination of cash flow hedges	$3,027	$1,655	$1,655

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Loss (USD $)	3 Months Ended									12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013		Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Net loss	($93,909)	$30,623	($8,505)	($20,353)	($252,329)	$78,293	[1]	($55,204)	($23,299)	($92,144)	($252,539)	($76,073)
Other comprehensive income (loss):
Foreign currency translation adjustments										-2,933	-1,563	531
Changes in fair value of cash flow hedges:
Amortization of loss on termination of cash flow hedges										3,486	1,655	1,655
Unrealized loss arising during the period										883	1,863	-395
Total other comprehensive income (loss)										1,436	1,955	1,791
Total comprehensive loss										($90,708)	($250,584)	($74,282)

[1]	Includes impact from out of period adjustments as described in "Footnote 2 - Significant Accounting Policies".

Consolidated_Statements_of_Sto

Consolidated Statements of Stockholders' Equity (USD $)	Total	Common Stock	Capital in Excess of Par Value	Accumulated (Deficit)	Accumulated Distributions	Accumulated Comprehensive Income (Loss)
In Thousands	Total	Common Stock	Capital in Excess of Par Value	Accumulated (Deficit)	Accumulated Distributions	Accumulated Comprehensive Income (Loss)
Balance at Dec. 31, 2011	$1,889,980	$3,092	$2,743,972	($73,373)	($774,259)	($9,452)
Balance (in shares) at Dec. 31, 2011		309,215
Subscriptions received for common stock through public offering and distribution reinvestment plan (in shares)		8,329
Subscriptions received for common stock through public offering and distribution reinvestment plan	69,036	83	68,953
Redemption of common stock (in shares)		-1,173
Redemption of common stock	-9,590	-11	-9,579
Net loss	-76,073			-76,073
Distributions, declared and paid ($0.5252 per share for 2012, $0.4252 per share for 2013 and $0.4252 per share for 2014)	-163,713				-163,713
Foreign currency translation adjustment	531					531
Amortization of loss on termination of cash flow hedges	1,655					1,655
Current period adjustment to recognize changes in fair value of cash flow hedges, net of reclassifications (Note 11)	-395					-395
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 public offering and distribution reinvestment plan (in shares)		7,901
Subscriptions received for common stock through public offering and distribution reinvestment plan	54,936	79	54,857
Redemption of common stock (in shares)		-1,645
Redemption of common stock	-11,955	-17	-11,938
Net loss	-252,539			-252,539
Distributions, declared and paid ($0.5252 per share for 2012, $0.4252 per share for 2013 and $0.4252 per share for 2014)	-135,450				-135,450
Foreign currency translation adjustment	-1,563					-1,563
Amortization of loss on termination of cash flow hedges	1,655					1,655
Current period adjustment to recognize changes in fair value of cash flow hedges, net of reclassifications (Note 11)	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 public offering and distribution reinvestment plan (in shares)		3,970
Subscriptions received for common stock through public offering and distribution reinvestment plan	27,209	40	27,169
Redemption of common stock (in shares)		-1,413
Redemption of common stock	-9,609	-14	-9,595
Net loss	-92,144			-92,144
Distributions, declared and paid ($0.5252 per share for 2012, $0.4252 per share for 2013 and $0.4252 per share for 2014)	-137,880				-137,880
Foreign currency translation adjustment	-2,933					-2,933
Amortization of loss on termination of cash flow hedges	3,486					3,486
Current period adjustment to recognize changes in fair value of cash flow hedges, net of reclassifications (Note 11)	883					883
Balance at Dec. 31, 2014	$1,157,390	$3,252	$2,863,839	($494,129)	($1,211,302)	($4,270)
Balance (in shares) at Dec. 31, 2014		325,184

Consolidated_Statements_of_Sto1

Consolidated Statements of Stockholders' Equity (Parenthetical) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Distributions, declared and paid	$0.43	$0.43	$0.53

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Operating activities:
Net loss	($92,144)	($252,539)	($76,073)
Adjustments to reconcile net loss to net cash provided by operating activities
Depreciation and amortization	135,373	150,311	135,557
Amortization of loan costs and lease costs (including above-and-below market leases)	12,310	9,165	8,555
Accretion of note origination costs			-40
Accretion and amortization of fair value measures	305	422	59
(Gain) loss on sale of properties and disposal of fixed assets	-4,073	-2,241	141
Gain on sale of unconsolidated entities		-55,394
Bargain purchase gain		-2,653
Loss on extinguishment of debt	6,209
Write-off intangible assets from sale of properties		93
Amortization of terminated hedge	3,486	1,655	1,655
Swap termination fees	-1,904
(Gain) loss on lease termination	8,174	-2,705	25,387
Gain from insurance proceeds	-4,916
Impairment provision	68,295	269,535	680
Loan loss provision	3,270	3,104	1,699
Bad debt expense	2,309	6,323	5,510
Prepayment penalties on loans	-7,047
Premium paid on senior notes	-2,500
Equity in earnings net of distributions from unconsolidated entities	5,744	15,068	31,223
Changes in assets and liabilities:
Other assets	467	-283	-6,527
Deferred rent and lease incentives	-982	-8,056	-36,663
Accounts and other receivables	-7,401	-3,237	-11,984
Accounts payable, accrued expenses and other liabilities	3,017	6,977	8,895
Due to affiliates	-1,058	-65	-181
Net cash provided by operating activities	126,934	135,480	87,893
Investing activities:
Acquisition of properties	-128,390	-244,859	-190,150
Capital expenditures	-79,115	-70,156	-69,675
Investments in and contributions to unconsolidated entities			-3,776
Distributions from unconsolidated entities			3,445
Proceeds from sale of unconsolidated entites		195,446
Proceeds from release (payment) of collateral on loan payable		11,167	-11,167
Proceeds from insurance	10,187
Proceeds from short-term investment	1,169
Principal payments received on mortgage loans receivable	83,468	4,282	4,790
Proceeds from sale of properties	384,293	12,401	1,500
Changes in restricted cash	1,394	-10,357	-5,632
Other	980	-854	-799
Net cash provided by (used in) investing activities	273,986	-102,930	-271,464
Financing activities:
Redemptions of common stock	-9,609	-11,955	-9,590
Distributions to stockholders, net of reinvestments	-110,671	-80,514	-94,677
Borrowings under line of credit	232,500	100,000	170,000
Payments of entrance fee refunds	-1,845
Proceeds from mortgages and other notes payable	57,790	131,298	152,300
Principal payments on line of credit	-130,000	-145,000	-75,000
Principal payments on mortgages, notes payable and senior notes	-365,224	-18,800	-34,666
Principal payments on capital leases	-4,863	-4,152	-4,107
Payment of loan costs	-3,536	-5,017	-10,305
Net cash (used in) provided by financing activities	-335,458	-34,140	93,955
Effect of exchange rate fluctuations on cash	-51	-60	1
Net increase (decrease) in cash	65,411	-1,650	-89,615
Cash at beginning of period	71,574	73,224	162,839
Cash at end of period	136,985	71,574	73,224
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	68,536	63,628	59,331
Supplemental disclosure of non-cash investing activities:
Assumption of debts	27,398
Assumption of capital leases	4,004	10,732	4,650
Assumption of entrance fee liabilities		13,810
Change in accounts payable related to capital expenditures	4,192	6,069	1,143
Property assumed in connection with foreclosure	8,729
Supplemental disclosure of non-cash financing activities:
Seller financing provided upon sale of real estate assets		$325

Organization_and_Nature_of_Bus

Organization and Nature of Business	12 Months Ended
	Dec. 31, 2014
Organization and Nature of Business	1	Organization and Nature of Business:
	CNL Lifestyle Properties, Inc. (the “Company”), was organized in Maryland on August 11, 2003. The Company operates and has elected to be taxed as a real estate investment trust (a “REIT”) for federal income tax. Various wholly-owned subsidiaries have been and will be formed by the Company for the purpose of acquiring and owning direct or indirect interests in real estate. The Company generally invests in lifestyle properties in the United States that are primarily leased on a long-term (generally five to 20-years, plus multiple renewal options), triple-net or gross basis to tenants or operators that the Company considers to be industry leading. The Company also leases properties to taxable REIT subsidiary (“TRS”) tenants and engages independent third-party managers to operate those properties. In the event of certain tenant defaults, the Company has also engaged third-party managers to operate properties on its behalf until they are re-leased.
	As of December 31, 2014, the Company owned 105 lifestyle properties directly and indirectly within the following asset classes: ski and mountain lifestyle, senior housing, attractions, marinas and other lifestyle assets. Eight of these 105 properties are owned through unconsolidated joint ventures and three are located in Canada. Although these are the asset classes in which the Company has invested and are most likely to invest in the future should it make additional acquisitions, it may acquire or invest in any type of property that it believes has the potential for long-term growth and income generation.
	In March 2014, the Company engaged Jefferies LLC, a lead investment banking and advisory firm to assist it and its Board of Directors in evaluating various options to provide liquidity to its shareholders. In connection with this process, during 2014, the Company sold its entire golf portfolio (consisting of 48 properties) and its multi-family development property, entered into an agreement to sell its entire 38 property senior housing portfolio for $790 million and agreed on a plan to sell its marinas portfolio consisting of 17 properties. Refer to Note 20, “Subsequent Events” for additional information on additional transactions related to evaluating strategic alternatives.

Significant_Accounting_Policie

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Significant Accounting Policies	2	Significant Accounting Policies:
	Principles of Consolidation and Basis of Presentation — The accompanying 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 variable interest entity (“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.
	Allocation of Purchase Price for Real Estate Acquisitions — Upon the acquisition of real estate properties, the Company records the fair value of the tangible assets (consisting of land, buildings, improvements and equipment), intangible assets (consisting of in-place leases and above or below market lease values), assumed liabilities and any contingent liabilities at fair value. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Fair value is determined based on incorporating market participant assumptions, discounted cash flow models using appropriate capitalization rates, and the Company’s estimates reflecting the facts and circumstances of each acquisition. Acquisition fees and costs are expensed for acquisitions that are considered a business combination.

	The fair value of the tangible assets of an acquired leased property is determined by various factors including the comparable land sale method and cost approach method which estimates the replacement cost new less depreciation and a go dark income approach on the building in which the building is assumed to be vacant.
	The purchase price is allocated to in-place lease intangibles based on management’s evaluation of the specific characteristics of the acquired lease. Factors considered include estimates of carrying costs during hypothetical expected lease up periods, including estimates of lost rental income during the expected lease up periods, and costs to execute similar leases such as leasing commissions, legal and other related expenses.
	The Company may also enter into yield guarantees in connection with an acquisition, whereby the seller agrees to hold a portion of the purchase price in escrow that may be repaid to the Company in the event certain thresholds are not met. In calculating the estimated fair value of the yield guarantee, the Company considers information obtained about each property during the due diligence and budget process as well as discount rates to determine the fair value. The Company periodically evaluates the fair value of the yield guarantee and records any adjustments to the fair value as a component of other income (expense) in the accompanying consolidated statements of operations.
	Depreciation and Amortization — Real estate costs related to the acquisition and improvement of properties are capitalized. Repair and maintenance costs are charged to expense as incurred and significant replacements and betterments are capitalized. Repair and maintenance costs include all costs that do not extend the useful life of the real estate asset. The Company considers the period of future benefit of an asset to determine its appropriate useful life. Real estate assets are stated at cost less accumulated depreciation, which is computed using the straight-line method of accounting over the estimated useful lives of the related assets. Buildings and improvements are depreciated over the lesser of 39 years or the remaining life of the ground lease including renewal options and leasehold and permit interests.
	Amortization of intangible assets is computed using the straight-line method of accounting over the respective lease term or estimated useful life. The capitalized above-market or below-market lease intangible is amortized to rental income over the estimated remaining term of the respective leases. If a lease were to be terminated prior to its scheduled expiration, all unamortized costs related to the lease would be written off. Intangible assets with indefinite lives are not amortized, and like all intangibles, are evaluated for impairment on an annual basis or upon a trigger event.
	Investment in Unconsolidated Entities —The Company accounts for its investment in unconsolidated joint ventures under the equity method of accounting as the Company exercises significant influence, but does not maintain a controlling financial interest over these entities. These investments are recorded initially at cost and subsequently adjusted for cash contributions, distributions and equity in earnings (loss) of the unconsolidated entities. Based on the respective venture structures and preferences the Company receives on distributions and liquidation, the Company records its equity in earnings of the entities under the hypothetical liquidation at book value (“HLBV”) method of accounting. Under this method, the Company recognizes income or loss in each period as if the net book value of the assets in the ventures were hypothetically liquidated at the end of each reporting period following the provisions of the joint venture agreements. In any given period, the Company could be recording more or less income than actual cash distributions received and more or less than what the Company may receive in the event of an actual liquidation. The Company’s investment in unconsolidated entities is accounted for as an asset acquisition in which acquisition fees and expenses are capitalized as part of the basis in the investment in unconsolidated entities. The acquisition fees and expenses create an outside basis difference that are allocated to the assets of the investee and, if assigned to depreciable or amortizable assets, the basis differences are then amortized as a component of equity in earnings (loss) of unconsolidated entities.
	Acquisition Fees and Expenses — The Company incurs acquisition fees and expenses in connection with the selection and acquisition of properties, including expenses on properties it determines not to acquire. The Company immediately expenses all acquisition costs and fees associated with transactions deemed to be business combinations, but capitalizes these costs for transactions deemed to be acquisitions of an asset or equity method investment.

	Impairment of Real Estate Assets — Real estate assets are reviewed on an ongoing basis to determine whether there are any indicators, including property operating performance, general market conditions and significant changes in the manner of use or estimated holding period of the Company’s real estate assets or the strategy of its overall business, that the value of the real estate properties (including any related amortizable intangible assets or liabilities) may be impaired. To assess if a property value is potentially impaired, management compares the estimated current and projected undiscounted operating cash flows, including estimated net sales proceeds, of the property over its remaining useful life to the net carrying value of the property. Such cash flow projections consider factors such as expected future operating income, trends and prospects, as well as the effects of demand, competition and other factors. In the event that the carrying value exceeds the undiscounted operating cash flows, the Company would record an impairment provision to adjust the carrying value of the asset group to the estimated fair value of the property.
	For real estate the Company indirectly owns through an investment in a joint venture, tenant-in-common interest or other similar investment structure which is accounted for under the equity method, when impairment indicators are present, the Company compares the estimated fair value of its investment to the carrying value. An impairment charge will be recorded to the extent the fair value of its investment is less than the carrying amount and the decline in value is determined to be other than a temporary decline.
	The estimated fair values of unconsolidated entities are based upon a discounted cash flow model that includes all estimated cash inflows and outflows over the expected holding period. The capitalization rates and discounted rates utilized in the model are based upon rates that the Company believes to be within a reasonable range of current market rates for the underlying properties.
	Bargain Purchase Gain — A bargain purchase gain is recorded as a gain in earnings in the period of acquisition when the fair value of assets acquired net of liabilities assumed is greater than the consideration transferred.
	Assets Held for Sale, net and Discontinued Operations — Assets that are classified as held for sale are recorded at the lower of their carrying value or fair value less costs to dispose. The Company classifies assets as held for sale once management has the authority to approve and commits to a plan to sell, the assets are available for immediate sale, an active program to locate a buyer and the sale of the assets are probable and transfer of the assets are expected to occur within one year. Subsequent to classification of an asset as held for sale, no further depreciation, amortization or straight-line rent adjustments relating to the asset are recorded. The related operations of assets held for sale are reported as discontinued if such operations and cash flows can be clearly distinguished both operationally and financially from the ongoing operations, such operations and cash flows will be eliminated from ongoing operations once the disposal occurs, and if the Company will not have any significant continuing involvement subsequent to the sale.
	Real Estate Dispositions — When real estate is disposed of, the related cost, accumulated depreciation or amortization and any accrued rental income for operating leases are removed from the accounts and gains and losses from the disposition are reflected in the consolidated statements of operations. Gains from the disposition of real estate are generally recognized using the full accrual method in accordance with the Financial Accounting Standards Board (“FASB”) guidance included in Real Estate Sales, provided that various criteria relating to the terms of sale and subsequent involvement by the Company with the properties are met. Gains may be deferred in whole or in part until the sales satisfy the requirements of gain recognition on sale of real estate. As of December 31, 2014, the Company has a deferred gain on one of its real estate dispositions as a result of making a loan to the buyer financing a substantial portion of the sales price.
	Mortgages and Other Notes Receivables — Mortgages and other notes receivable are stated at the principal amount outstanding, net of deferred loan origination costs or fees. Loan origination and other fees received by the Company in connection with making the loans are recorded as reduction of the note receivable and amortized into interest income, using the effective interest method, over the term of the loan. Acquisition fees and costs in connection with making the loans are capitalized and recorded as part of the mortgages and other notes receivable balance and amortized as a reduction of interest income over the term of the notes.

	The Company evaluates impairment on its mortgages and other notes receivable on an individual loan basis which includes, current information and events, periodic visits and quarterly discussions on the financial results of the properties being collateralized and the financial stability of the borrowers who are also tenants or third-party managers for certain properties in the Company’s real estate portfolio. The Company reviews each loan to determine the risk of loss and whether the individual loan is impaired and whether an allowance is necessary. If allowance is necessary, the Company will reduce the carrying value of the loan accordingly and record a corresponding charge to net income (loss). The credit quality of the Company’s borrowers is primarily based on their payment history on an individual loan basis, and, as such, the Company does not assign its mortgages and other note receivable in credit quality categories.
	Cash — Cash consists of demand deposits at commercial banks. The Company also invests in cash equivalents consisting of highly liquid investments in money market funds with original maturities of three months or less during the year. As of December 31, 2014, cash deposits exceeded federally insured amounts. However, the Company has not experienced any losses on such accounts. Management continues to monitor third-party depository institutions that hold the Company’s cash, primarily with the goal of safety of principal and secondarily on maximizing yield on those funds. To that end, the Company has diversified its cash among several banking institutions in an attempt to minimize exposure to any one of these entities. Management has attempted to select institutions that it believes are strong based on an evaluation of their financial stability and exposure to poor performing assets.
	Restricted Cash — Certain amounts of cash are restricted to fund capital expenditures for the Company’s real estate investment properties or represent certain tenant security deposits.
	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 the 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 statement 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 statement of operations. As of December 31, 2014 and 2013, the Company’s hedges qualified as highly effective and, accordingly, all of the change in value is reflected in other comprehensive income (loss).
	Fair Value of Financial Instruments — The estimated fair value of cash, accounts receivable, accounts payable and accrued expenses approximates carrying value as of December 31, 2014 and 2013, because of the liquid nature of the assets and relatively short maturities of the obligations. See Footnote 9. “Mortgages and other Notes Receivable, net” and Footnote 10. “Indebtedness” for the Company’s estimates of the fair value of its mortgages and other notes receivable and its indebtedness as of December 31, 2014 and 2013.
	Fair Value Measurements – Fair value assumptions are based on the framework established in the fair value accounting guidance under GAAP. The framework specifies a hierarchy of valuation inputs which was established to increase consistency, clarity and comparability in fair value measurements and related disclosures. The guidance describes a fair value hierarchy based upon three levels of inputs that may be used to measure fair value, two of which are considered observable and one that is considered unobservable. The following describes the three levels of fair value inputs:

		•	Level 1 — Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access.

		•	Level 2 — Inputs, other than quoted prices included in Level 1, that are observable for the asset or liability either directly or indirectly; such as, quoted prices for similar assets or liabilities or other inputs that can be corroborated by observable market data.

		•	Level 3 — Unobservable inputs for the asset or liability, which are typically based on the Company’s own assumptions, as there is little, if any, related market activity.

	When market data inputs are unobservable, the Company utilizes inputs that it believes reflects the Company’s best estimate of the assumptions market participants would use in pricing the asset or liability. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement.
	Deferred Financing Costs — Financing costs paid in connection with obtaining long-term debt are deferred and amortized over the life of the debt using the effective interest method. As of December 31, 2014 and 2013, the accumulated amortization of loan costs was approximately $30.9 million and $22.9 million, respectively.
	Foreign Currency Translation — The accounting records for the Company’s one consolidated foreign location, in Vancouver, British Columbia, are maintained in the local currency and revenues and expenses are translated using the average exchange rates during the period. Assets and liabilities are translated to U.S. dollars using the exchange rate in effect at the balance sheet date. The resulting translation adjustments are reflected in stockholders’ equity as a cumulative foreign currency translation adjustment, a component of accumulated other comprehensive income (loss). Gains and losses from foreign currency transactions are included in the accompanying consolidated statements of operations.
	Revenue Recognition — For properties subject to operating leases, rental revenue is recorded on a straight-line basis over the terms of the leases. Additional percentage rent that is due contingent upon tenant performance thresholds, such as gross revenues, is deferred until the underlying performance thresholds have been achieved. Property operating revenues from managed properties, which are not subject to leasing arrangements, are derived from room rentals, food and beverage sales, ski and spa operations, golf operations, membership dues, ticket sales, concessions, waterpark and theme park operations, resident rental fees, assistance services, and other service revenues. Such revenues, excluding membership dues, are recognized when rooms are occupied, when services have been performed, and when products are delivered. Membership dues are recognized ratably over the term of the membership period. For mortgages and other notes receivable, interest income is recognized on an accrual basis when earned, except for loans placed on non-accrual status, for which interest income is recognized when received. Any deferred portion of contractual interest is recognized on a straight-line basis over the term of the corresponding note. Loan origination fees charged and acquisition fees incurred in connection with the making of loans are recognized as interest income, and a reduction in interest income, respectively over the term of the notes.
	Capital Improvement Reserve Income — The Company’s leases require the tenants to pay certain contractual amounts that are set aside by the Company for replacements of fixed assets and other improvements to the properties. These amounts are and will remain the property of the Company during and after the term of the lease. The amounts are recorded as capital improvement reserve income at the time that they are earned and are included in rental income from operating leases in the accompanying consolidated statements of operations.
	Mortgages and Other Notes Payable — Mortgages and other notes payable are recorded at the stated principal amount and are generally collateralized by the Company’s lifestyle properties with monthly interest only and/or principal payments. A loan that is accounted for as a troubled debt restructure is recorded at the present value of the future cash payments, principal and interest, specified by the new terms. The Company may undergo a troubled debt restructuring if management determines that the underlying collateralized properties are not performing to meet debt service. In order to qualify as a troubled debt restructure the following must apply: (i) the underlying collateralized property value decreased as a result of the economic environment, (ii) transfer of asset (cash) to partially satisfy the loan has occurred and (iii) new loan terms decrease the effective interest rate and extend the maturity date. The difference between the future cash payments specified by the new terms and the carrying value immediately preceding the restructure is recorded as gain on extinguishment of debt.
	Income Taxes — The Company has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended and related regulations beginning with the year ended December 31, 2004. As a REIT, the Company generally is not subject to federal corporate income taxes provided it distributes at least 100% of its REIT taxable income and capital gains and meets certain other requirements for qualifying as a REIT. Subject to compliance with applicable tax law, certain properties may be operated using an eligible third-party manager. In those cases, taxable income from those operations may be subject to federal income tax. Management believes that the Company was organized and operated in a manner that enabled the Company to continue to qualify for treatment as a REIT for federal income tax purposes for the years ended December 31, 2014, 2013 and 2012.

	Under the provisions of the Internal Revenue Code and applicable state laws, each TRS entity of the Company is subject to taxation of income on the profits and losses from its operations. The Company accounts for federal and state income taxes with respect to its TRS entities using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and respective tax bases and operating losses and tax-credit carry forwards.
	Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.
	Earnings (loss) Per Share — Earnings (loss) per share is calculated based upon the weighted-average number of shares of common stock outstanding during the period.
	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 for impairments. Actual results could differ from those estimates.
	Out of Period Adjustments — During the fourth quarter of 2012, the Company identified errors in the consolidated financial statements relating to prior years. The Company understated expenses related to the transition of certain properties from leased to managed structure which resulted in an understatement of loss on lease terminations by $1.6 million and an understatement of other operating expenses by $2.2 million. The Company concluded these adjustments were not material, individually or in the aggregate, to its results for this or any of the prior periods and, as such, the Company recorded out of period adjustments to increase its net loss during the fourth quarter of 2012 by $3.8 million.
	In July 2013, the Company completed the sale of 42 senior housing properties held through three unconsolidated joint ventures. In connection with the transaction, the Company received aggregate net sales proceeds of approximately $195.4 million and recorded an aggregate gain of approximately $55.4 million. The carrying amounts of the investments relating to the unconsolidated joint ventures were understated prior to disposition as a result of acquisition fees and costs that were incorrectly expensed in prior years. The Company concluded these adjustments were not material, individually or in the aggregate, to its results for this or any of the prior periods and, as such, the Company recorded out of period adjustments that increased the gain on sale in the third quarter of 2013 by approximately $1.9 million. See “Footnote 8. Variable Interest and Unconsolidated Entities” for additional information.
	Segment Information — Operating segments are components of an enterprise for which separate financial information is available and is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assess performance. The Company’s chief operating decision maker currently evaluates the Company’s operations from a number of different operational perspectives including but not limited to a property-by-property basis and by tenant and operator. The Company derives all significant revenues from a single reportable operating segment of business, lifestyle real estate regardless of the type (ski, attractions, senior housing, etc.) or ownership structure (leased or managed). In addition, the Company evaluated each individual property and determined they were individually less than 10% of the combined revenue for the year ended December 31, 2014. Accordingly, the Company does not report segment information; nevertheless, management periodically evaluates whether the Company continues to have one single reportable segment of business.
	Reclassifications — Certain prior period amounts in the 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, such as a major line of business or geographical area, should be presented as a discontinued operation. This ASU is effective prospectively for all disposals (or classifications as held for sale) of components of an entity that occur within annual periods beginning on or after December 15, 2014 with early adoption permitted. The Company will adopt ASU No. 2014-08 commencing January 1, 2015. This ASU is expected to impact the determination of which future property disposals 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.
	In February 2015, the FASB issued ASU 2015-02 Amendments to the Consolidation Analysis, which requires amendments to both the variable interest entity and voting models. The amendments (i) rescind the indefinite deferral of certain aspects of accounting standards relating to consolidations and provide a permanent scope exception for registered money market funds and similar unregistered money market funds, (ii) modify the identification of variable interests (fees paid to a decision maker or service provider), the VIE characteristics for a limited partnership or similar entity and primary beneficiary determination under the VIE model, and (iii) eliminate the presumption within the current voting model that a general partner controls a limited partnership or similar entity. The new guidance is effective for annual reporting periods, and interim periods within those annual periods, beginning after December 15, 2015 with early adoption permitted. The amendments may be applied using either a modified retrospective or full retrospective approach. The Company is currently evaluating the effect the guidance will have on its consolidated financial statements.

Acquisitions

Acquisitions	12 Months Ended
Acquisitions	Dec. 31, 2014
Acquisitions	3	Acquisitions:
	Consolidated Entities. During the year ended December 31, 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.
	These acquisitions are not considered material to the Company as such no pro forma information has been included.
	The following summarizes the allocation of the purchase price for the above properties and the estimated fair values of the assets acquired and liabilities assumed (in thousands):


			Total Purchase
			Price Allocation
	Land and land improvements		$	25,213
	Buildings			120,059
	Equipment			5,127
	In-place lease intangibles (1)			1,723
	Other intangibles			4,566
	Assumed mortgages			(27,398	)
	Other liabilities			(900	)

	Total purchase price consideration		$	128,390


	FOOTNOTE:

	-1	The weighted-average amortization period for intangible in-place leases acquired are 10 years as of the date of acquisition.

	During the year ended December 31, 2013, the Company acquired the following properties (in thousands):


					Date of		Purchase
	Product/Description		Location		Acquisition		Price
	The Stratford Continuing Care Retirement Community — One senior housing property		Indiana			6/28/13	$	22,000	(1)
	Pioneer Village — One senior housing property		Oregon			7/31/13		14,850
	Bozeman Lodge — One senior housing property		Montana			8/9/13		31,000
	Wet ’n’ Wild Palm Springs — One attractions property		California			8/12/13		15,601	(2)
	Wet ’n’ Wild Phoenix — One attractions property		Arizona			11/26/13		33,000
	MorningStar at Dayton Place — One senior housing property		Colorado			12/13/13		29,908
	Chateau Vestavia — One senior housing property		Alabama			12/20/13		18,500
	Pacifica Peoria— One senior housing property		Arizona			12/20/13		13,250
	Pacifica Portland — One senior housing property		Oregon			12/20/13		27,250
	Pacifica Santa Clarita — One senior housing property		California			12/20/13		19,250
	Pacifica Sun City — One senior housing property		Florida			12/20/13		20,250

							$	244,859


FOOTNOTES:

-1	Amount shown is net of the present value of entrance fee liabilities assumed on date of acquisition of approximately $13.8 million.
-2	In connection with the acquisition, the Company recorded approximately $2.7 million in bargain purchase gain 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.
These acquisitions are not considered material to the Company as such no pro forma information has been included.
The following summarizes the allocation of the purchase price for the above properties and the estimated fair values of the assets acquired and liabilities assumed (in thousands):


		Total Purchase
		Price Allocation
Land and land improvements		$	32,998
Leasehold interests and improvements			8,715
Buildings			184,131
Equipment			27,343
In-place lease intangibles (1)			5,141
Trade name intangibles			2,291
Other assets			703
Other liabilities			(13,810	)

Net assets acquired			247,512
Bargain purchase gain			(2,653	)

Total purchase price consideration		$	244,859


FOOTNOTE:

-1	The weighted-average amortization period for intangible in-place leases acquired range between 2.5 years to 15 years as of the date of acquisition.

Real_Estate_Investment_Propert

Real Estate Investment Properties, net	12 Months Ended
Real Estate Investment Properties, net	Dec. 31, 2014
Real Estate Investment Properties, net	4	Real Estate Investment Properties, net:
	As of December 31, 2014 and 2013, real estate investment properties consisted of the following (in thousands):


			2014			2013
	Land and land improvements		$	550,776		$	904,409
	Leasehold interests and improvements			180,551			311,560
	Building and building improvements			406,781			926,098
	Equipment			614,300			692,854
	Less: accumulated depreciation and amortization			(615,957	)		(765,948	)

	Total		$	1,136,451		$	2,068,973

	For the years ended December 31, 2014, 2013 and 2012, the Company had depreciation and amortization expenses of approximately $98.0 million, $93.9 million and $86.9 million, respectively, excluding properties that the Company classified as assets held for sale.
	The Company evaluates its properties on an ongoing basis, including any changes to intended use of the properties, operating performance of its properties or plans to dispose of assets to determine if the carrying value is recoverable. During 2014, the Company sold several properties, including its 48-property golf portfolio, entered into a contract to sell its senior housing portfolio and approved a plan to market and sell the Company’s marinas portfolio. The Company also recorded impairment provisions of approximately $25.4 million and $5.0 million related to one of its attractions properties and its unimproved land, respectively, as of December 31, 2014 to write down the book values related to these properties to estimated sales prices from third party buyers less costs to sell. See Note 5. “Assets Held for Sale, net and Discontinued Operations” for additional information.

Assets_Held_for_Sale_net_and_D

Assets Held for Sale, net and Discontinued Operations	12 Months Ended
Assets Held for Sale, net and Discontinued Operations	Dec. 31, 2014
Assets Held for Sale, net and Discontinued Operations	5	Assets Held for Sale, net and Discontinued Operations:
	During the year ended December 31, 2013, the Company sold five properties that were deemed non-core to its ongoing operations as assets held for sale. In connection with the transaction, the Company received aggregate net sales proceeds of approximately $12.4 million and a note for approximately $0.3 million and recorded aggregate gain of approximately $2.4 million. As of December 31, 2013, the Company had five properties classified as held for sale.
	During the year ended December 31, 2014, the following transactions occurred:

		•		The Company approved a plan to sell and sold its golf portfolio (consisting of 48 properties) and one multi-family residential property. In connection with these transactions, the Company received aggregate net sales proceeds of approximately $384.3 million and recorded a net gain of approximately $4.1 million. The Company decided to discontinue marketing the sale of four properties which were previously classified as assets held for sale as of December 31, 2013. The Company reclassified the properties as held and used, and 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 Company entered into a contract to sell its senior housing portfolio consisting of 38 senior housing properties for $790 million. The sale is subject to certain customary closing conditions and there is no guarantee that these conditions will be met and that the sale will occur.

		•		The Company also approved a plan to market and sell the Company’s marinas portfolio (consisting of 17 marina properties). The Company determined that the carrying values of these properties were not recoverable and recorded approximately $33.4 million in impairment provisions at December 31, 2014. The impairment was recorded to write down the book values of these properties to their estimated sales prices based on interests from third parties less costs to sell.

	The following table presents the net carrying value of the properties classified as assets held for sale (in thousands):


			2014			2013
	Land and land improvements		$	91,726		$	40,097
	Leasehold interests and improvements			52,571			—
	Building and building improvements			500,946			47,989
	Equipment, net			25,380			2,708
	Deferred rent and lease incentives			4,490			—
	Other assets			3,372			—
	Restricted cash			10,844			—
	Intangibles, net			10,487			—

	Total		$	699,816		$	90,794

	As a result of the above transactions, the Company recorded the 38 senior housing properties and the 17 marinas properties as assets held for sale as of December 31, 2014. 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 discontinued operations in the accompanying consolidated statements of operations. The following table is a summary of loss from discontinued operations for the years ended December 31, (in thousands):


			2014			2013			2012
	Revenues		$	178,887		$	160,604		$	133,818
	Expenses			(115,773	)		(111,807	)		(111,224	)
	Depreciation and amortization			(36,709	)		(55,852	)		(48,077	)
	Impairment provision			(37,867	)		(219,502	)		(670	)

	Operating loss			(11,462	)		(226,557	)		(26,153	)
	Gain from sale of properties			4,144			2,408			288
	Loss on extinguishment of debt			(4,818	)		—			—
	Other expense			(19,570	)		(16,968	)		(13,149	)

	Loss from discontinued operations		$	(31,706	)	$	(241,117	)	$	(39,014	)

Intangible_Assets_net

Intangible Assets, net	12 Months Ended
Intangible Assets, net	Dec. 31, 2014
Intangible Assets, net	6	Intangible Assets, net:
	The gross carrying amount and accumulated amortization of the Company’s intangible assets as of December 31, 2014 and 2013 are as follows (in thousands):


			Gross Carrying		Accumulated			2014 Net Book
	Intangible Assets		Amount		Amortization			Value
	In place leases		$	12,295	$	(5,110	)	$	7,185
	Trade name (infinite-lived)			10,841		—			10,841

	Total		$	23,136	$	(5,110	)	$	18,026


			Gross Carrying		Accumulated			2013 Net Book
	Intangible Assets		Amount		Amortization			Value
	In place leases		$	34,745	$	(17,513	)	$	17,232
	Trade name (finited-lived)			9,060		(1,789	)		7,271
	Trade name (infinite-lived)			12,419		—			12,419

	Total		$	56,224	$	(19,302	)	$	36,922


	FOOTNOTE:

	-1	In connection with the sale of the golf properties, the Company disposed of the above intangible assets.
	During the year ended December 31, 2013, in connection with terminating leases on one of the Company’s attractions tenants, the Company acquired an intangible trade name asset of $4.2 million.
	Amortization expense (excluding properties held for sale) was approximately $0.7 million, $0.6 million and $0.6 million for the years ended December 31, 2014, 2013 and 2012, respectively. The Company wrote off approximately $0.1 million and $2.5 million of in-place lease intangibles related to lease terminations for the years ended December 31, 2013 and 2012, respectively, which are included as part of (gain) loss on lease terminations in the accompanying consolidated statements of operations. The Company did not have any write offs of in-place lease intangibles related to lease terminations for the year ended December 31, 2014.
	The estimated future amortization expense for the Company’s finite-lived intangible assets as of December 31, 2014 is as follows (in thousands):


			Total
			Intangible
			Assets
	2015		$	666
	2016			666
	2017			645
	2018			551
	2019			567
	Thereafter			4,090

	Total		$	7,185

Operating_Leases

Operating Leases	12 Months Ended
Operating Leases	Dec. 31, 2014
Operating Leases	7	Operating Leases:
	As of December 31, 2014, the Company leased 42 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 December 31, 2014 (in thousands):


	2015		$	120,612
	2016			122,632
	2017			124,719
	2018			126,368
	2019			127,461
	Thereafter			1,066,109

	Total		$	1,687,901

	Under a triple-net lease, the tenant is responsible for paying percentage rent and capital improvement reserve rent. Capital improvement reserve is generally based on a percentage of gross revenue of the property and are set aside by the Company for capital improvements including replacements, from time to time, of furniture, fixtures and equipment and totaled approximately $23.9 million, $21.0 million and $19.9 million for the years ended December 31, 2014, 2013 and 2012, respectively. Percentage rent is generally based on a percentage of gross revenue after it exceeds a certain threshold. Total percentage rent recorded was approximately $2.9 million, $2.5 million and $1.8 million the years ended December 31, 2014, 2013 and 2012, respectively. In addition, substantially all of the property expenses are required to be paid directly by the tenants, including real estate taxes which the tenants pay directly to the taxing authorities. The total annualized property taxes assessed on these properties, and paid directly by tenants, were approximately $8.6 million, $11.9 million and $12.7 million for the years ended December 31, 2014, 2013 and 2012, respectively.

Variable_Interest_and_Unconsol

Variable Interest and Unconsolidated Entities	12 Months Ended
Variable Interest and Unconsolidated Entities	Dec. 31, 2014
Variable Interest and Unconsolidated Entities	8	Variable Interest and Unconsolidated Entities:
	Consolidated VIEs – As of December 31, 2013, the Company had 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 future buy-out options held by the respective tenants and of which three tenants can exercise but have not elected to do so. The remaining tenant’s buy-out option will be exercisable in July 2018. The four buy-out options expire between 2020 and 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 consolidated financial statements. During the year ended December 31, 2014, the Company had no change to its four wholly-owned subsidiaries that were deemed to be VIEs and no impact to its primary beneficiary position.

	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):


			December 31,
			2014				2013
	Assets
	Real estate investment properties, net		$	158,589			$	184,306
	Assets held for sale		$	12,953			$	—
	Other assets		$	26,376			$	29,075
	Liabilities
	Mortgages and other notes payable		$	30,412			$	87,095
	Other liabilities		$	15,695			$	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 $151.8 million and $113.1 million as of December 31, 2014 and 2013, respectively. The Company’s exposure is limited because of the non-recourse nature of the borrowings of the VIEs.
	Unconsolidated Entities—As of December 31, 2012, the Company held ownership in five ventures, the DMC Partnership, the Intrawest Venture, the CNLSun I, the CNLSun II and the CNLSun III ventures. 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 a result of Sunrise Living Investments, Inc. (“Sunrise”), the Company’s venture partner, exercising its purchase option in the aforementioned ventures. In connection with the transaction, the Company received aggregate sales proceeds of approximately $195.4 million, net of transaction costs, and recorded aggregate gains of approximately $55.4 million. As of December 31, 2014 and 2013, the Company held ownership in the two remaining unconsolidated ventures. 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 $22.7 million and $25.2 million as of December 31, 2014 and 2013, respectively.
	During 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. As of December 31, 2014, the Intrawest Venture continues to pursue the sale of the seventh village retail property and expects to complete the sale during 2015.
	In March 2015, the Company entered into an agreement to sell its 81.98% interest in DMC Partnership to its co-venture partner. Refer to Note 20, “Subsequent Events” for additional information.
	The Intrawest Venture is working with the Canada Revenue Authority to resolve an assessment and other matters related to one of its entities. The Intrawest Venture’s maximum exposure relating to these matters is approximately $14.0 million, however, it believes the more likely than not resolution will be approximately $1.5 million. As such, an accrual of $1.5 million has been reflected in the financial information for the Intrawest Venture.

	The following tables present financial information for the Company’s unconsolidated entities for the years ended December 31, 2014, 2013 and 2012 (in thousands):
	Summarized operating data:


			Year Ended December 31, 2014
			DMC				Intrawest
			Partnership				Venture				Total
	Revenues		$	28,519			$	17,454			$	45,973
	Property operating expenses (4)			(776	)			(9,802	)			(10,578	)
	Depreciation and amortization			(9,114	)			(6,005	)			(15,119	)
	Interest expense			(8,175	)			(4,891	)			(13,066	)
	Interest and other income (expense)			(35	)			88				53

	Income (loss) from continuing operations			10,419				(3,156	)			7,263
	Discontinued operations			—				987				987

	Net income (loss)		$	10,419			$	(2,169	)		$	8,250

	Income (loss) allocable to other venture partners (1)		$	1,602			$	(1,612	)(3)		$	(10	)

	Income (loss) allocable to the Company (1)		$	8,817			$	(557	)			8,260
	Amortization of capitalized costs			(298	)			(209	)			(507	)

	Equity in earnings (loss) of unconsolidated entities		$	8,519			$	(766	)		$	7,753

	Distribution declared to the Company		$	11,345			$	2,277			$	13,622

	Distributions received by the Company		$	11,345			$	2,152			$	13,497

	Summarized operating data:


			Year Ended December 31, 2013
			DMC				Intrawest				CNLSun I				CNLSun II				CNLSun III
			Partnership				Venture				Venture (6)				Venture (6)				Venture (6)				Total
	Revenues		$	28,062			$	17,054			$	71,287			$	19,654			$	21,549			$	157,606
	Property operating expenses			(796	)			(9,744	)			(45,999	)			(15,439	)			(14,609	)			(86,587	)
	Depreciation and amortization			(9,182	)			—				(10,994	)			(2,244	)			(2,874	)			(25,294	)
	Interest expense			(7,908	)			(5,874	)			(16,154	)			(2,057	)			(2,928	)			(34,921	)
	Interest and other income			3				9				20				—				—				32

	Income (loss) from continuing operations			10,179				1,445				(1,840	)			(86	)			1,138				10,836
	Discontinued operations (4)			—				1,101				—				—				—				1,101

Net income (loss)		$	10,179			$	2,546			$	(1,840	)		$	(86	)		$	1,138			$	11,937

Income (loss) allocable to other venture partners (1)		$	(1,166	)		$	(1,611	)(3)		$	(1,341	)		$	(8	)		$	1,788			$	(2,338	)

Income (loss) allocable to the Company (1)		$	11,345			$	4,157			$	(499	)		$	(78	)		$	(650	)			14,275
Amortization of capitalized costs			(433	)			(233	)			(1,305	)			(431	)			(172	)			(2,574	)

Equity in earnings (loss) of unconsolidated entities		$	10,912			$	3,924			$	(1,804	)		$	(509	)		$	(822	)		$	11,701

Distribution declared to the Company		$	11,345			$	1,998			$	7,797			$	1,039			$	1,660			$	23,839

Distributions received by the Company		$	11,337			$	2,427			$	11,750	(2)		$	1,567	(2)		$	4,965	(2)		$	32,046



		Year Ended December 31, 2012
		DMC				Intrawest				CNLSun I				CNLSun II				CNLSun III
		Partnership				Venture				Venture				Venture				Venture				Total
Revenues		$	27,858			$	16,874			$	137,897			$	37,301			$	43,087			$	263,017
Property operating expenses			(2,963	)(5)			(14,679	)			(87,910	)			(27,525	)			(29,131	)			(162,208	)
Depreciation and amortization			(9,040	)			(3,342	)			(23,154	)			(4,991	)			(6,457	)			(46,984	)
Interest expense			(8,260	)			(4,833	)			(32,615	)			(4,899	)			(5,858	)			(56,465	)
Interest and other income (expense)			28				102				372				(368	)			28				162

Income (loss) from continuing operations			7,623				(5,878	)			(5,410	)			(482	)			1,669				(2,478	)
Discontinued operations (4)			—				310				—				—				—				310

Net income (loss)		$	7,623			$	(5,568	)		$	(5,410	)		$	(482	)		$	1,669			$	(2,168	)

Loss allocable to other venture partners (1)		$	(1,810	)		$	(1,564	)(3)		$	(7,084	)		$	(407	)		$	(1,346	)		$	(12,211	)

Income (loss) allocable to the Company (1)		$	9,433			$	(4,004	)		$	1,674			$	(75	)		$	3,015				10,043
Amortization of capitalized costs			(471	)			(234	)			(2,610	)			(862	)			(345	)			(4,522	)

Equity in earnings (loss) of unconsolidated entities		$	8,962			$	(4,238	)		$	(936	)		$	(937	)		$	2,670			$	5,521

Distribution declared to the Company		$	11,345			$	3,096			$	15,709			$	5,094			$	7,776			$	43,020

Distributions received by the Company		$	11,353			$	2,725			$	15,665			$	5,189	(2)		$	5,256	(2)		$	40,188


FOOTNOTES:

-1	Income is allocated between the Company and its venture partners using the hypothetical liquidation book value (“HLBV”) method of accounting.
-2	For the year ended December 31, 2013, distributions received by the Company includes approximately $4.0 million, $0.5 million and $0.8 million in return of capital on the CNLSun I, CNLSun II and CNLSun III ventures, respectively. For the year ended December 31, 2012, distributions received by the Company includes approximately $1.5 million and $1.9 million in return of capital on the CNLSun II and CNLSun III ventures, respectively.
-3	This amount represents the venture partner’s portion of interest expense on a loan which the partners made to the venture. These amounts are treated as distributions for the purposes of the HLBV calculation.
-4	During the year ended December 31, 2012, the venture recorded an impairment of $4.5 million when it determined that the carrying value of one of its properties was higher than the net realizable value. No impairments were recorded for the years ended December 31, 2014 and 2013.
-5	During the year ended December 31, 2012, the DMC Partnership incurred approximately $2.3 million in acquisition costs relating to a potential acquisition that was ultimately not pursued.
-6	On July 1, 2013, the Company completed the sale of its interest in 42 senior housing properties held through CNLSun I, CNLSun II and CNLSun III ventures as discussed above. As such, summarized operating data for those ventures is reported through June 30, 2013.

Summarized balance sheet data


		As of December 31, 2014
		DMC				Intrawest
		Partnership				Venture				Total
Real estate assets, net		$	221,986			$	61,936			$	283,922
Assets held for sale			—				14,050				14,050
Other assets			15,642				14,557				30,199
Mortgages and other notes payable			131,500				66,690				198,190
Other liabilities			6,795				18,537				25,332
Partners’ capital			99,333				5,316				104,649
Carrying amount of investment (1)			104,402				22,700				127,102
Company’s ownership percentage (1)			81.98	%			80	%


		As of December 31, 2013
		DMC				Intrawest
		Partnership				Venture				Total
Real estate assets, net		$	228,755			$	—			$	228,755
Asset held for sale			—				81,661				81,661
Other assets			13,297				15,799				29,096
Mortgages and other notes payable			131,860				70,292				202,152
Other liabilities			5,551				17,075				22,626
Partners’ capital			104,641				10,093				114,734
Carrying amount of investment (1)			107,162				25,162				132,324
Company’s ownership percentage (1)			81.98	%			80	%

FOOTNOTE:

-1	As of December 31, 2014 and 2013, the Company’s share of partners’ capital determined under HLBV was approximately $119.6 million and $124.9 million, respectively, and the total difference between the carrying amount of the investment and the Company’s share of partners’ capital determined under HLBV was approximately $7.5 million and $7.4 million, respectively.
The Company’s maximum exposure to loss is primarily limited to the carrying amount of its investment in each of the unconsolidated entities. The unconsolidated entities have debt obligations totaling approximately $198.2 million and $202.2 million as of December 31, 2014 and 2013, respectively. If the Company engages in certain prohibited activities, there are circumstances which could trigger an obligation on the part of the Company with respect to a portion of this debt.
In January 2015, the Intrawest Venture paid off its mortgage loan of approximately $20.0 million, which was scheduled to mature in January 2015.

Mortgages_and_Other_Notes_Rece

Mortgages and Other Notes Receivable, net	12 Months Ended
Mortgages and Other Notes Receivable, net	Dec. 31, 2014
Mortgages and Other Notes Receivable, net	9	Mortgages and Other Notes Receivable, net:
	During the year ended December 31, 2014, the Company received approximately $83.5 million in repayment of loans, mostly related to loans which matured during 2014.
	As of December 31, 2014 and 2013, mortgages and other notes receivable consisted of the following (in thousands):


									Loan Principal Balance
	Borrower		Date of Loan		Maturity	Interest	Accrued		as of December 31,
	(Description of Collateral Property)		Agreement(s)		Date	Rate	Interest		2014			2013
	Big Sky Resort (one ski resort)			9/23/08	-4	12.00%	$	—	$	—		$	68,000
	CMR Properties, LLC and CM Resort, LLC (one ski property) (2)			6/15/10	9/30/22	9.0% - 11.0%		840		16,620			16,620
	Boyne USA, Inc. (four ski resorts)			8/10/09	-4	6.3% - 15.0%		—		—			13,896
	Evergreen Alliance Golf Limited, L.P. (1)			11/12/10	-1	LIBOR + 4.0%		—		—			5,781
	PARC Myrtle Waves, LLC (3) (one attractions property)			2/10/11	-3	7.50%		—		—			9,000
	Grand Prix Tampa, LLC (one attractions property)			7/31/11	7/31/16	8.50%		24		3,395			3,442
	RSA Properties – Misson Hills (one golf facility)			3/28/13	-4	9.00%		—		—			275

	Total						$	864		20,015			117,014

	Accrued interest									864			5,655
	Acquisition fees, net									46			97
	Loan loss provision (1) (2)									(1,564	)		(4,803	)

	Total carrying amount								$	19,361		$	117,963


	FOOTNOTES:

	-1	During 2014, the Company recorded a loan provision of $3.3 million and collected the remaining balance of $1.3 million relating to this loan.
	-2	In December 2013, one of the Company’s borrowers approached the Company about modifying the terms of their debt service payments due to its current financial challenges. In anticipation of providing payment concessions to the borrower, the Company recorded a loan loss provision of approximately $1.8 million representing the difference between the expected future cash flows discounted at the original loan’s effective interest rate and the net carrying value of the loan.
	-3	During the year ended December 31, 2013, the Company recorded an additional loan loss provision of approximately $1.3 million in anticipation of the foreclosure of an attractions property that served as collateral on one of its other existing loans. The estimated fair value of the collateral was $7.9 million, which approximated the carrying value of the loan. The attractions property was foreclosed during the year ended December 31, 2014.
	-4	The Company collected the outstanding balances during the year ended December 31, 2014.
	The estimated fair market value of the Company’s mortgages and other notes receivable was approximately $16.6 million and $112.2 million as of December 31, 2014 and 2013, respectively, based on discounted cash flows for each individual instrument based on market interest rates as of December 31, 2014 and 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 following is a schedule of future principal maturities for all mortgages and other notes receivable (in thousands):


	2015		$	57
	2016			3,338
	2017			—
	2018			—
	2019			—
	Thereafter			16,620

	Total		$	20,015

Indebtedness

Indebtedness	12 Months Ended
Indebtedness	Dec. 31, 2014
Indebtedness	10	Indebtedness:
	Mortgages and Other Notes Payable—As of December 31, 2014 and 2013, the Company had the following indebtedness (in thousands):


			Collateral and				Principal Balance as of
			Approximate Carrying Value of		Interest	Maturity	December 31,
			Collateral at December 31, 2014		Rate	Date	2014			2013
	Variable rate debt:
	Mortgage debt		1 multi-family residential property		30-day LIBOR + 1.3% (1)	-6	$	—	(6)	$	61,042
	Mortgage debt		1 hotel property		30-day LIBOR + 3.0% (1)	-7		—	(7)		24,811
	Mortgage debt		1 ski and mountain lifestyle property, $19.7 million		30-day LIBOR + 3.3% (1)(2)	9/1/19		8,402			8,746
	Mortgage debt		1 ski and mountain lifestyle property		CDOR + 3.8% (1)	-7		—	(7)		16,603	(5)
	Mortgage debt		1 ski and mountain lifestyle property, $29.6 million		30-day LIBOR + 4.5% (1)(2)	12/31/15		14,550			15,450
	Mortgage debt		1 attractions property, $47.9 million		30-day LIBOR + 3.0% (1)	11/30/15		20,781			21,000
	Mortgage debt		5 senior housing properties, $39.1 million		30-day LIBOR + 3.5% (1)	4/1/16		30,000			30,000
	Mortgage debt		8 senior housing properties, $135.8 million		30-day LIBOR + 2.5% (1)(4)	6/20/15		105,000			101,298
	Mortgage debt		4 ski and mountain lifestyle property, $154.3 million		30-day LIBOR + 1.5%-3.5% (1)	4/5/17		39,077			—

					Total variable rate debt		$	217,810		$	278,950


			Collateral and				Principal Balance as of
			Approximate Carrying Value of		Interest	Maturity	December 31,
			Collateral at December 31, 2014		Rate	Date	2014			2013
	Fixed rate debt:
	Mortgage debt		1 golf property		7.30%	-6	$	—	(6)	$	5,281
	Mortgage debt		19 golf properties and 1 ski lift attraction property, $16.1 million		6.10%	-6		—	(6)		84,993
	Mortgage debt		8 senior housing properties, $88.4 million		4.35% - 4.5%	10/5/18		57,711			59,212
	Mortgage debt		1 attractions lifestyle property, $29.4 million		6.80%	9/28/16		18,939			19,301
	Mortgage debt		6 ski and mountain lifestyle properties, $207.0 million		6.10%	4/5/17		95,908			100,715
	Mortgage debt		2 hotel properties		6.10%	-7		—	(7)		48,090
	Mortgage debt		3 marina properties, $24.9 million		6.3% - 6.5%	9/1/2016-12/1/2016		11,358			11,980
	Mortgage debt		3 senior housing properties, $26.8 million		4.40%	10/5/18		16,368			16,795
	Mortgage debt		1 attraction property, $108.6 million		6.00%	4/30/18		42,859			43,731
	Mortgage debt		4 senior housing properties, $67.9 million		3.79%	7/1/19		46,165			46,499
	Seller financing		3 ski and mountain lifestyle properties		8.0% - 9.5%	-7		—	(7)		34,600
	Mortgage debt		1 attractions property, $24.9 million		6.1% - 6.4%	11/1/2013-4/1/2025		9,384			10,219
	Mortgage debt		3 senior housing properties, $67.9 million		4.75% - 6.9%	10/1/18		32,411			—
	Senior notes		$318.25 million (3)		7.30%	4/15/19		318,250			396,550

					Total fixed rate debt		$	649,353		$	877,966

					Total debt		$	867,163		$	1,156,916

					Premium (discount)		$	187		$	(2,305	)

					Total		$	867,350		$	1,154,611


	FOOTNOTES:

	-1	The 30-day LIBOR rate was approximately 0.17% and 0.20% as of December 31, 2014 and 2013, respectively. The 30-day CDOR rate was approximately 1.2% as of December 31, 2013.
	-2	The Company entered into interest rate swaps for these variable rate debts. See Note 11. “Derivative instruments and Hedging Activities” for additional information
	-3	The Company issued $400.0 million senior notes which are guaranteed by certain of its properties. See “Item 2 – Properties” for additional information.
	-4	In December 2013, the Company entered into a collateralized bridge loan agreement with a third-party lender that matured in June 2014 with two extension options. The Company exercised its options to extend the bridge loan through June 2015. In connection with obtaining the bridge loan, the Company incurred loan origination costs and exit fees.
	-5	Converted from Canadian dollars to U.S. dollars at the exchange rate in place as of the end of the year.
	-6	The Company sold the properties in 2014 and paid off the associated debt.
	-7	The Company prepaid the debt in 2014.

	Line of Credit –In July 2013, the Company’s borrowing capacity in its revolving line of credit was reduced from $125.0 million to approximately $119.7 million as a result of the operator transition relating to three marina properties. In December 2013, the Company modified its revolving line of credit and added additional assets to the collateral pool increasing the total borrowing capacity to $160.0 million, of which $152.5 million was drawn as of December 31, 2014. This revolving line of credit facility bears interest at (a) between LIBOR plus 3.0% and LIBOR plus 3.75% or (b) between a base rate (the greater of the prime rate and the federal funds rate) plus 2.0% and a base rate plus 2.75%; (both LIBOR and base rate pricing are contingent upon certain leverage ratios). This revolving credit facility matures in August 2015 and is collateralized by certain of the Company’s properties. The facility contains customary affirmative financial covenants and ratios including fixed charge coverage ratio, leverage ratio, interest coverage ratio, debt to total asset ratio and limitations on distributions. As of December 31, 2014, the Company was in compliance with the aforementioned financial covenants and ratios.
	The following is a schedule of future principal payments and maturities for all indebtedness (in thousands):


	2015		$	307,196
2016			70,234
2017			128,075
2018			140,877
2019			50,482
Thereafter			322,799

Total		$	1,019,663

As of December 31, 2014, certain loans required the Company to meet certain customary financial covenants and ratios including fixed charge coverage ratio, leverage ratio, interest coverage ratio, debt to total asset ratio and limitations on distributions, with which the Company was in compliance other than for one loan whereby in March 2015, the Company became aware that it had not met a minimum tangible net worth calculation requirement under one of its mortgage loans with an outstanding principal balance of approximately $43 million and is in discussions with its lender regarding a waiver of this requirement for all applicable periods. The Company expects to repay this loan in full during the second quarter of 2015 with the proceeds from the sale of the asset which serves as collateral for the loan and does not expect material adverse consequences to result from failing to meet this requirement.
In addition, under the terms of the indenture governing the Company’s senior notes, among other things, place certain limitations on the Company’s and certain of its subsidiaries, ability to (i) transfer and sell assets; (ii) pay dividends not exceeding 95% of the adjusted funds from operations as defined under, or make certain distributions, buy subordinated indebtedness or securities or make certain other restricted payments; (iii) incur or guarantee additional indebtedness or issue preferred stock; (iv) incur dividend or other payment restrictions affecting restricted subsidiaries; (v) merge, consolidate or sell all or substantially all of the Company’s assets; (vi) enter into certain transactions with affiliates; or (vii) engage in business other than a business that is the same or similar to the Company’s current business or a reasonably related extension thereof. These covenants are subject to a number of limitations and exceptions that are described in the indenture. Additionally, the indenture requires the Company to maintain, at all times, total unencumbered assets of not less than 150% of the aggregate principal amount of our consolidated unsecured indebtedness. As of December 31, 2014, the Company was in compliance with the senior notes covenants.
The estimated fair values of mortgages and other notes payable and the line of credit were approximately $707.3 million and $803.7 million as of December 31, 2014 and 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 Company’s senior notes was approximately $325.4 million and $410.4 million as of December 31, 2014 and 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.

Derivative_Instruments_and_Hed

Derivative Instruments and Hedging Activities	12 Months Ended
Derivative Instruments and Hedging Activities	Dec. 31, 2014
Derivative Instruments and Hedging Activities	11	Derivative Instruments and Hedging Activities:
	The Company utilizes derivative instruments to offset partially the effect of fluctuating interest rates on the cash flows associated with its variable-rate debt. The Company follows established risk management policies and procedures in its use of derivatives and does not enter into or hold derivatives for trading or speculative purposes. The Company records all derivative instruments on its balance sheet at fair value. On the date the Company enters into a derivative contract, the derivative is designated as a hedge of the exposure to variable cash flows of a forecasted transaction. The effective portion of the derivative’s gain or loss is initially reported as a component of other comprehensive income (loss) and subsequently recognized in the statements of operations in the periods in which earnings are impacted by the variability of the cash flows of the hedged item. Any ineffective portion of the gain or loss is reflected in interest expense in the statements of operations.
	The Company is making an accounting policy election to use the exception in ASU 820-10-35-18D with respect to measuring fair value of a group of financial assets and financial liabilities entered into with a particular counterparty, where the Company reports the net exposure to the credit risk of that counterparty.
	During the year ended December 31, 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 terminated. As a result, the ineffective portion of the change in fair value resulting from the termination of hedges included in the accompanying consolidated balance sheets were reclassified to interest expense and loan cost amortization in the accompanying consolidated statements of operations in both income (loss) from continuing and discontinued operations for the year ended December 31, 2014. As of December 31, 2014, the Company had two interest rate swaps that were designated as cash flow hedges of interest payments from their inception. The fair value of the Company’s derivative financial instruments is included in other liabilities in the accompanying consolidated balance sheets as of December 31, 2014 and 2013.
	The following table summarizes the terms and fair values of the Company’s derivative financial instruments (in thousands):


																Fair Value Liability
	Notional						Credit			Trade			Maturity			December 31,
	Amount			Strike (1)			Spread (1)			Date			Date			2014			2013
	$	61,042			1.9	%		1.3	%		12/6/10			1/2/16		$	—		$	(1,748	)
	$	8,746			3.6	%		3.3	%		9/28/09			9/1/19		$	(719	)	$	(743	)
	$	16,603	(2)		2.7	%(2)		3.8	%		12/1/09			12/1/14		$	—		$	(233	)
	$	15,450			2.2	%		4.5	%		1/13/11			12/31/15		$	(283	)	$	(524	)
	$	24,811			1.3	%		3	%		8/30/11			8/28/16		$	—		$	(446	)
	The following table summarizes the gross and net amounts of the Company’s derivative financial instruments (in thousands):


													Gross Amounts Not Offset
				As of December 31, 2014									in the Balance Sheets
	Notional			Gross			Gross			Net Amounts of			Financial			Cash			Net
	Amount of			Amounts of			Amounts			Liabilities			Instruments			Collateral			Amount
	Cash Flow			Recognized			Offset in the			Presented in the
	Hedges			Liabilities			Balance Sheets			Balance Sheets
	$	8,402		$	(719	)	$	—		$	(719	)	$	(719	)	$	—		$	(719	)
	$	14,550		$	(283	)	$	—		$	(283	)	$	(283	)	$	—		$	(283	)


													Gross Amounts Not Offset
				As of December 31, 2013									in the Balance Sheets
	Notional			Gross Amounts of			Gross Amounts			Net Amounts			Financial			Cash Collateral			Net Amount
	Amount of			Recognized			Offset in the			of Liabilities			Instruments
	Cash Flow			Liabilities			Balance Sheets			Presented in the
	Hedges									Balance Sheets
	$	61,042		$	(1,748	)	$	—		$	(1,748	)	$	(1,748	)	$	—		$	(1,748	)
	$	8,746		$	(743	)	$	—		$	(743	)	$	(743	)	$	—		$	(743	)
	$	16,603	(2)	$	(233	)	$	—		$	(233	)	$	(233	)	$	—		$	(233	)
	$	15,450		$	(524	)	$	—		$	(524	)	$	(524	)	$	—		$	(524	)
	$	24,811		$	(446	)	$	—		$	(446	)	$	(446	)	$	—		$	(446	)

	FOOTNOTES:

	-1	The strike rate does not include the credit spread on each of the notional amounts.
	-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 was 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.
	As of December 31, 2014, the Company’s two remaining 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	12 Months Ended
Fair Value Measurements	Dec. 31, 2014
Fair Value Measurements	12	Fair Value Measurements:
	The Company had 55 and five investment properties that were classified as assets held for sale and carried at fair value as of December 31, 2014 and 2013, respectively. The Level 3 unobservable inputs used in determining the fair value of the real estate properties include, but are not limited to, comparable sales transactions and other information from brokers and potential buyers, as applicable.
	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 consolidated balance sheets.

	The following tables show the fair value of the Company’s financial assets and liabilities carried at fair value as of December 31, 2014 and 2013, as follows (in thousands):


			Fair Value
			Measurement as
			of December 31,
			2014		Level 1		Level 2		Level 3
	Assets:
	Assets held for sale carried at fair value		$	699,816	$	—	$	—	$	699,816

	Liabilities:
	Derivative instruments		$	1,002	$	—	$	1,002	$	—



			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

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

Income_Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2014
Income Taxes	13	Income Taxes:
	As of December 31, 2014 and 2013, the Company recorded net current and long-term deferred tax assets related to depreciation differences, deferred income, and net operating losses at its TRS subsidiaries and properties under foreclosure elections as a result of certain tenant defaults and lease terminations. Because there are no historical earnings and no certainty that such deferred tax assets will be available to offset future tax liabilities, the Company has established a full valuation allowance as of December 31, 2014 and 2013. The components of the deferred taxes recognized in the accompanying consolidated balance sheets at December 31, 2014 and 2013 are as follows (in thousands):


			Year Ended December 31,
			2014			2013
	Net operating losses		$	107,494		$	101,277
	Book/tax differences in deferred income			4,175			2,834
	Book/tax differences in acquired assets			(53,428	)		(53,412	)

	Total deferred tax asset			58,241			50,699
	Valuation allowance			(58,241	)		(50,699	)

			$	—		$	—


	The Company’s TRS subsidiaries had net operating loss carry-forwards for federal and state purposes of approximately $265.7 million and $253.9 million as of December 31, 2014 and 2013, respectively, to offset future taxable income. The estimated net operating loss carry-forwards will expire as follows (in thousands):


			Net
	Expiration		Operating
	Year		Loss
	2025		$	1,600
	2026		$	5,600
	2027		$	26,700
	2028		$	44,900
	2029		$	48,000
	2030		$	39,700
	2031		$	32,100
	2032		$	34,600
	2033		$	20,700
	2034		$	11,800
	The Company analyzed its material tax positions and determined that it has not taken any uncertain tax positions. In addition, the Company has determined that no significant differences exist between the total income tax expense or benefit and the amount computed by applying the statutory federal income rate to its TRS income before taxes without record to the impact of the valuation allowance.

Related_Party_Arrangements

Related Party Arrangements	12 Months Ended
Related Party Arrangements	Dec. 31, 2014
Related Party Arrangements	14	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.
	In April 2013, the Company paid an affiliate, CNL Commercial Real Estate, Inc., a sales commission totaling approximately $0.2 million in connection with the sale of one of its properties under the terms of an exclusive right of sale listing agreement.
	For the years ended December 31, 2014, 2013 and 2012, the Advisor collectively earned fees and incurred reimbursable expenses as follows (in thousands):


			Year Ended December 31,
			2014		2013		2012
	Acquisition fees:
	Acquisition fees from offering proceeds (1)		$	319	$	1,286	$	1,785
	Acquisition fees from debt proceeds (2)			1,521		3,273		5,235

	Total			1,840		4,559		7,020

	Asset management fees (3)			29,863		34,683		35,725

	Reimbursable expenses: (4)
	Acquisition costs (5)			248		299		409
	Operating expenses (6)			6,680		7,092		8,002

	Total			6,928		7,391		8,411

	Total fees earned and reimbursable expenses		$	38,631	$	46,633	$	51,156



	FOOTNOTES:

	-1	Prior to April 1, 2014, acquisition fees were paid for services in connection with the selection, purchase, development or construction of real property. The fees were generally equal to 3.0% of gross offering proceeds from the sale of the Company’s common stock including proceeds from shares sold under its distribution reinvestment plan (“DRP”). Effective April 1, 2014, the Advisor eliminated this fee. These amounts are recorded as acquisition fees and costs in the accompanying consolidated statements of operations.
	-2	Prior to April 1, 2014, acquisition fees from debt proceeds were paid for services in connection with the incurrence of indebtedness, including the Company’s pro-rata share of joint venture indebtedness. The fees were generally equal to 3.0% of loan proceeds. Effective April 1, 2014, the Advisor eliminated this fee. These amounts are recorded as loan costs and are included as part of other assets in the accompanying consolidated balance sheets.
	-3	Amounts recorded as asset management fees to Advisor, include fees of $11.2 million, $11.6 million and $10.7 million for the years ended December 31, 2014, 2013 and 2012, respectively, 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	The Advisor and its affiliates are entitled to reimbursement of certain expenses incurred on behalf of the Company in connection with the Company’s organization, offering, acquisitions, and operating activities. Pursuant to the advisory agreement, the Company will not reimburse the Advisor for any amount by which total operating expenses paid or incurred by the Company exceed the greater of 2.0% of average invested assets or 25.0% of net income (the “Expense Cap”) in any expense year, as defined in the advisory agreement. For the expense years ended December 31, 2014, 2013 and 2012, operating expenses did not exceed the Expense Cap. Amounts representing acquisition costs are recorded as part of acquisition fees and costs in the accompanying consolidated statements of operations. Amounts representing operating expenses are recorded as part of general and administrative expenses in the accompanying consolidated statements of operations.
	-5	Includes approximately $0.04 million, $0.1 million, and $0.1 million for reimbursable expenses to the Advisor for services provided to the Company for its executive officers during the years ended December 31, 2014, 2013 and 2012, respectively. The reimbursable expenses include components of salaries, benefits and other overhead charges.
	-6	Includes approximately $0.4 million, $0.6 million and $0.5 million for reimbursable expenses to the Advisor for services provided to the Company for its executive officers during the years ended December 31, 2014, 2013 and 2012, respectively. The reimbursable expenses include components of salaries, benefits and other overhead charges.
	Amounts due to affiliates for fees and expenses described above are as follows (in thousands):


			As of December 31,
			2014		2013
	Due to the Advisor and its affiliates:
	Operating expenses		$	476	$	671
	Acquisition fees and expenses			13		354

	Total		$	489	$	1,025

	The Company also maintains accounts at a bank in which the Company’s chairman and vice-chairman serve as directors. The Company had deposits at that bank of approximately $15.2 million and $8.6 million as of December 31, 2014 and 2013, respectively.

Stockholders_Equity

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Dec. 31, 2014
Stockholders' Equity	15	Stockholders’ Equity:
	Distribution Reinvestment Plan —In 2011 the Company completed its final offering and filed a registration statement on Form S-3 under the Security Exchange Act of 1933, as amended, to register the sale shares of common stock under its DRP. In May 2014, the Company filed a registration statement on Form S-3 with the SEC for the purpose of registering additional shares of its common stock to be offered for sale pursuant to the DRP. On September 4, 2014, the Company’s Board of Directors approved the suspension of its 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 received cash distributions instead of additional shares in the Company. For the years ended December 31, 2014, 2013 and 2012, the Company received aggregate proceeds of approximately $27.2 million, $54.9 million and $69.0 million, respectively, (representing 4.0 million, 7.9 million and 8.3 million shares, respectively,) through its DRP.
	Distributions- In order to qualify as a REIT for federal income tax purposes, the Company must, among other things, make distributions each taxable year equal to at least 90.0% of its REIT taxable income. The Company intends to make regular distributions, and the Board of Directors currently intends to declare and pay distributions on a quarterly basis. For the years ended December 31, 2014, 2013 and 2012, the Company declared and paid distributions of approximately $137.9 million ($0.4252 per share), $135.5 million ($0.4252 per share) and $163.7 million ($0.5252 per share), respectively.
	For the years ended December 31, 2014 and 2012, none of the distributions paid to stockholders were considered ordinary income and approximately 100% were considered a return of capital to stockholders for federal income tax purposes. For the year ended December 31, 2013, approximately 29.3% of the distributions paid to stockholders were considered capital gain as a result of the gain on the sale of the Company’s three unconsolidated senior housing joint ventures and approximately 70.7% were considered a return of capital to stockholders for federal income tax purposes. No amounts distributed to stockholders for the years ended December 31, 2014, 2013 and 2012 were required to be or have been treated as a return of capital for purposes of calculating the stockholders’ return on their invested capital as described in the advisory agreement.
	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 of Directors. Refer to Item 5. “Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities” — “Redemption of Shares” for additional information on how amounts were determined as available for redemption under our redemption plan.
	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, were 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.
	The following details the Company’s redemptions for the years ended December 31, 2014 and 2013 (in thousands except per share data).


			First			Second			Third			Fourth			Full
			First			Second			Third			Fourth			Year
	2014 Quarters
	Requests in queue			10,547			10,798			10,809			11,572			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			11,572

	Average price paid per share		$	6.85		$	6.85		$	6.81		$	—		$	6.84




			First			Second			Third			Fourth			Full
			First			Second			Third			Fourth			Year
	2013 Quarters
	Requests in queue			9,726			9,962			10,109			10,312			9,726
	Redemptions requested			716			825			685			696			2,922
	Shares redeemed:
	Prior period requests			(213	)		(70	)		(77	)		(190	)		(550	)
	Current period requests			(192	)		(351	)		(329	)		(223	)		(1,095	)
	Adjustments (1)			(75	)		(257	)		(76	)		(48	)		(456	)

	Pending redemption requests (2)			9,962			10,109			10,312			10,547			10,547

	Average price paid per share		$	7.31		$	7.3		$	7.29		$	7.26		$	7.29



	FOOTNOTES:

	-1	This amount represents redemption request cancellations and other adjustments.
	-2	Requests that are not fulfilled in whole during a particular quarter were redeemed on a pro rata basis to the extent funds are made available pursuant to the redemption plan. The redemption plan was suspended in September 2014.

Concentrations_of_Risk

Concentrations of Risk	12 Months Ended
	Dec. 31, 2014
Concentrations of Risk	16	Concentrations of Risk:
	The Company’s real estate investment portfolio is geographically diversified with properties in 34 states and Canada. The Company owns ski and mountain lifestyle properties in eight states and Canada with a majority of those properties located in the northeast, California and Canada. The Company’s attractions properties are located in 13 states with a majority located in the Southern and Western United States.

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2014
Commitments and Contingencies	17	Commitments and Contingencies:
	The Company acquired certain properties that are on land owned by a governmental entity or other third party where the Company owns a leasehold interest which requires payment of ground lease and permit fees in accordance with the lease agreement. For properties that are subject to a leasing arrangement, ground leases and permit fees are paid by the tenants and the Company records the corresponding equivalent revenue in rental income from operating leases. For properties that are on a managed structure, ground leases and permit fees are paid by the Company.
	The following is a schedule of future obligations under ground leases and land permits (in thousands):


	2015		$	12,570
	2016			12,570
	2017			12,570
	2018			12,570
	2019			12,570
	Thereafter			168,948

	Total		$	231,798

	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.

Selected_Quarterly_Financial_D

Selected Quarterly Financial Data	12 Months Ended
Selected Quarterly Financial Data	Dec. 31, 2014
Selected Quarterly Financial Data	18	Selected Quarterly Financial Data (Unaudited):


			First			Second			Third			Fourth			Full Year
	2014 Quarters
	Total revenues		$	72,380		$	94,657		$	144,551		$	61,707		$	373,295
	Operating income (loss)			(2,185	)		726			43,389			(52,308	)		(10,378	)
	Equity in earnings (loss) of unconsolidated entities			4,299			(526	)		3,176			804			7,753
	Income (loss) from continuing operations			(11,882	)		(15,071	)		30,086			(63,571	)		(60,438	)
	Discontinued operations (1)			(8,471	)		6,566			537			(30,338	)		(31,706	)
	Net income (loss)			(20,353	)		(8,505	)		30,623			(93,909	)		(92,144	)
	Weighted average number of shares outstanding (basic and diluted)			322,639			324,197			325,707			325,214			324,451
	Earnings (loss) per share of common stock (basic and diluted)		$	(0.06	)	$	(0.03	)	$	0.09		$	(0.29	)	$	(0.28	)

			First			Second			Third (2)			Fourth			Full Year
	2013 Quarters
	Total revenues		$	70,004		$	93,375		$	137,766		$	61,345		$	362,490
	Operating income (loss)			(4,999	)		(43,004	)		36,200			(14,157	)		(25,960	)
	Equity in earnings (loss) of unconsolidated entities			(1,123	)		6,159			4,147			2,518			11,701
	Income (loss) from continuing operations			(20,406	)		(50,864	)		84,846			(24,998	)		(11,422	)
	Discontinued operations (1)			(2,893	)		(4,340	)		(6,553	)		(227,331	)		(241,117	)
	Net income (loss)			(23,299	)		(55,204	)		78,293			(252,329	)		(252,539	)
	Weighted average number of shares outstanding (basic and diluted)			316,382			317,959			319,507			321,063			318,742
	Earnings (loss) per share of common stock (basic and diluted)		$	(0.07	)	$	(0.17	)	$	0.24		$	(0.79	)	$	(0.79	)

	FOOTNOTES:
	-1	The Company classified certain properties as assets held for sale and reclassified the results related to those properties to discontinued operations for all periods presented.
	-2	Includes impact from out of period adjustments as described in “Footnote 2 – Significant Accounting Policies”.

Supplemental_Consolidating_Fin

Supplemental Consolidating Financial Statements	12 Months Ended
Supplemental Consolidating Financial Statements	Dec. 31, 2014
Supplemental Consolidating Financial Statements	19	Supplemental Consolidating Financial Statements:

	The Company had issued senior obligations which are guaranteed by certain of the Company’s consolidated subsidiaries (the “Guarantor Subsidiaries”). The guarantees are joint and several, full and unconditional. The following summarizes the Company’s consolidated balance sheet as of December 31, 2014 and 2013, statement of operations, statement of comprehensive income (loss) and statement of cash flows for the years ended December 31, 2014, 2013 and 2012 (in thousands):

	CONSOLIDATING BALANCE SHEET

	As of December 31, 2014



							Guarantor				Non-Guarantor				Consolidating
			Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
	ASSETS
	Real estate investment properties, net		$	—			$	459,981			$	676,470			$	—			$	1,136,451
	Assets held for sale, net			—				61,897				637,919				—				699,816
	Cash			85,117				24,412				27,456				—				136,985
	Investments in unconsolidated entities			—				127,102				—				—				127,102
	Investments in subsidiaries			1,388,842				1,132,409				1,306,559				(3,827,810	)			—
	Deferred rent and lease incentives			—				28,595				19,054				—				47,649
	Restricted cash			127				24,553				14,417				—				39,097
	Other assets			6,978				14,572				15,089				—				36,639
	Accounts and other receivables, net			—				8,457				14,629				—				23,086
	Mortgages and other notes receivable, net			—				47,367				15,942				(43,948	)			19,361
	Intangibles, net			—				3,976				14,050				—				18,026

	Total Assets		$	1,481,064			$	1,933,321			$	2,741,585			$	(3,871,758	)		$	2,284,212

	LIABILITIES AND STOCKHOLDERS’ EQUITY
	Mortgages and other notes payable		$	—			$	193,897			$	399,604			$	(42,997	)		$	550,504
	Senior notes, net of discount			316,846				—				—				—				316,846
	Line of credit			—				152,500				—				—				152,500
	Other liabilities			—				14,919				45,559				—				60,478
	Accounts payable and accrued expenses			6,339				16,359				24,257				(950	)			46,005
	Due to affiliates			489				—				—				—				489

	Total Liabilities			323,674				377,675				469,420				(43,947	)			1,126,822

	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			2,863,839				6,448,172				9,130,959				(15,579,131	)			2,863,839
	Accumulated earnings (deficit)			(494,129	)			60,047				(16,789	)			(43,258	)			(494,129	)
	Accumulated distributions			(1,211,302	)			(4,952,573	)			(6,837,735	)			11,790,308				(1,211,302	)
	Accumulated other comprehensive loss			(4,270	)			—				(4,270	)			4,270				(4,270	)

				1,157,390				1,555,646				2,272,165				(3,827,811	)			1,157,390

	Total Liabilities and Stockholders’ Equity		$	1,481,064			$	1,933,321			$	2,741,585			$	(3,871,758	)		$	2,284,212




	CONSOLIDATING BALANCE SHEET

	As of December 31, 2013



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

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

LIABILITIES AND STOCKHOLDERS’ EQUITY
Mortgages and other notes payable		$	—			$	246,295			$	555,433			$	(41,536	)		$	760,192
Senior notes, net of discount			394,419				—				—				—				394,419
Other liabilities			—				33,447				43,369				—				76,816
Line of credit			—				50,000				—				—				50,000
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




CONSOLIDATING STATEMENT OF OPERATIONS

For the year ended December 31, 2014



						Guarantor				Non-Guarantor				Consolidating
		Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
Revenues:
Rental income from operating leases		$	—			$	57,021			$	71,002			$	—			$	128,023
Property operating revenues			—				70,670				166,190				—				236,860
Interest income on mortgages and other notes receivable			—				4,833				8,073				(4,494	)			8,412

Total revenues			—				132,524				245,265				(4,494	)			373,295

Expenses:
Property operating expenses			—				53,050				137,115				—				190,165
Asset management fees to advisor			18,651				—				—				—				18,651
General and administrative			15,217				428				1,491				—				17,136
Ground lease and permit fees			—				6,530				3,632				—				10,162
Acquisition fees and costs			660				—				4				—				664
Other operating expenses			713				1,855				2,760				—				5,328
Bad debt expense			—				34				257				—				291
Impairment provision			—				5,005				25,423				—				30,428
(Gain) loss on lease terminations			—				—				8,914				—				8,914
Loan loss provision			—				—				3,270				—				3,270
Depreciation and amortization			—				35,916				62,748				—				98,664

Total expenses			35,241				102,818				245,614				—				383,673

Operating income (loss)			(35,241	)			29,706				(349	)			(4,494	)			(10,378	)

Other income (expense):
Interest and other income			20				(101	)			919				—				838
Interest expense and loan cost amortization (includes $460 loss on termination of cash flow hedge relating to a non-guarantor subsidiary)			(30,380	)			(17,812	)			(13,562	)			4,494				(57,260	)
Loss on extinguishment of debt			(4,685	)							3,294								(1,391	)
Equity in earnings of unconsolidated entities			—				7,753				—				—				7,753
Equity in earnings, intercompany			(21,858	)			(6,609	)			3,095				25,372				—

Total other income (expense)			(56,903	)			(16,769	)			(6,254	)			29,866				(50,060	)

Income (loss) from continuing operations			(92,144	)			12,937				(6,603	)			25,372				(60,438	)
Income (loss) from discontinued operations (includes $3,027 amortization of loss on termination of cash flow hedges relating to a non-guarantor subsidiary)			—				(11,668	)			(20,038	)			—				(31,706	)

Net income (loss)		$	(92,144	)		$	1,269			$	(26,641	)		$	25,372			$	(92,144	)




CONSOLIDATING STATEMENT OF OPERATIONS

For the year ended December 31, 2013



						Guarantor				Non-Guarantor				Consolidating
		Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
Revenues:
Rental income from operating leases		$	—			$	54,737			$	60,677			$	—			$	115,414
Property operating revenues			—				65,074				168,882				—				233,956
Interest income on mortgages and other notes receivable			—				4,497				12,826				(4,203	)			13,120

Total revenues			—				124,308				242,385				(4,203	)			362,490

Expenses:
Property operating expenses			—				51,856				135,725				—				187,581
Asset management fees to advisor			23,060				—				—				—				23,060
General and administrative			15,359				647				1,227				—				17,233
Ground lease and permit fees			—				6,453				3,385				—				9,838
Acquisition fees and costs			3,141				—				(674	)			—				2,467
Other operating expenses			947				279				3,245				—				4,471
Bad debt expense			—				29				25				—				54
Impairment provision			—				50,033				—				—				50,033
(Gain) loss on lease terminations			—				(4,517	)			667				—				(3,850	)
Loan loss provision			—				—				3,104				—				3,104
Depreciation and amortization			—				35,389				59,070				—				94,459

Total expenses			42,507				140,169				205,774				—				388,450

Operating income (loss)			(42,507	)			(15,861	)			36,611				(4,203	)			(25,960	)

Other income (expense):
Interest and other income			211				398				(50	)			—				559
Interest expense and loan cost amortization			(31,727	)			(14,235	)			(14,010	)			4,203				(55,769	)
Bargain purchase gain			—				—				2,653				—				2,653
Gain from sale of unconsolidated entities			—				55,394				—				—				55,394
Equity in earnings of unconsolidated entities			—				11,701				—				—				11,701
Equity in earnings, intercompany			(178,516	)			(93,522	)			(311,252	)			583,290				—

Total other income (expense)			(210,032	)			(40,264	)			(322,659	)			587,493				14,538

Income (loss) from continuing operations			(252,539	)			(56,125	)			(286,048	)			583,290				(11,422	)
Income (loss) from discontinued operations (includes $1,655 amortization of loss on termination of cash flow hedges relating to a non-guarantor subsidiary)			—				(198,133	)			(42,984	)			—				(241,117	)

Net income (loss)		$	(252,539	)		$	(254,258	)		$	(329,032	)		$	583,290			$	(252,539	)


CONSOLIDATING STATEMENT OF OPERATIONS

For the year ended December 31, 2012



						Guarantor				Non-Guarantor				Consolidating
		Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
Revenues:
Rental income from operating leases		$	—			$	52,517			$	55,945			$	—			$	108,462
Property operating revenues			—				62,712				165,356				—				228,068
Interest income on mortgages and other notes receivable			—				10,031				12,699				(9,733	)			12,997

Total revenues			—				125,260				234,000				(9,733	)			349,527

Expenses:
Property operating expenses			—				52,453				133,085				—				185,538
Asset management fees to advisor			25,009				—				—				—				25,009
General and administrative			15,672				(376	)			2,382				—				17,678
Ground lease and permit fees			—				5,792				3,146				—				8,938
Acquisition fees and costs			4,450				—				(1,226	)			—				3,224
Other operating expenses			424				3,431				2,641				—				6,496
Bad debt expense			—				80				148				—				228
Impairment provision			—				10				—				—				10
Loss on lease termination			—				1,634				(74	)			—				1,560
Loan loss provision			—				—				1,699				—				1,699
Depreciation and amortization			—				33,593				53,886				—				87,479

Total expenses			45,555				96,617				195,687				—				337,859

Operating income (loss)			(45,555	)			28,643				38,313				(9,733	)			11,668

Other income (expense):
Interest and other income (expense)			104				768				(22	)			—				850
Interest expense and loan cost amortization			(31,607	)			(13,744	)			(19,476	)			9,733				(55,094	)
Loss on extinguishment of debt			—				—				(4	)			—				(4	)
Equity in earnings of unconsolidated entities			—				5,521				—				—				5,521
Equity in earnings, intercompany			985				22,372				24,694				(48,051	)			—

Total other income (expense)			(30,518	)			14,917				5,192				(38,318	)			(48,727	)

Income (loss) from continuing operations			(76,073	)			43,560				43,505				(48,051	)			(37,059	)
Loss from discontinued operations (includes $1,655 amortization of loss on termination of cash flow hedges relating to a non-guarantor subsidiary)			—				(23,166	)			(15,848	)			—				(39,014	)

Net income (loss)		$	(76,073	)		$	20,394			$	27,657			$	(48,051	)		$	(76,073	)




Consolidating Statement of Comprehensive Income (Loss):



		For the Year Ended December 31, 2014
						Guarantor				Non-Guarantor				Consolidating
		Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
Net income (loss)		$	(92,144	)		$	1,269			$	(26,641	)		$	25,372			$	(92,144	)

Other comprehensive income (loss):
Foreign currency translation adjustments			(2,933	)			—				(2,933	)			2,933				(2,933	)
Changes in fair value of cash flow hedges:
Amortization of loss on termination of cash flow hedges			3,486				—				3,486				(3,486	)			3,486
Unrealized loss arising during the period			883				—				883				(883	)			883

Total other comprehensive income			1,436				—				1,436				(1,436	)			1,436

Comprehensive income (loss)		$	(90,708	)		$	1,269			$	(25,205	)		$	23,936			$	(90,708	)


		For the Year Ended December 31, 2013
						Guarantor				Non-Guarantor				Consolidating
		Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
Net income (loss)		$	(252,539	)		$	(254,258	)		$	(329,032	)		$	583,290			$	(252,539	)

Other comprehensive income (loss):
Foreign currency translation adjustments			(1,563	)			—				(1,563	)			1,563				(1,563	)
Changes in fair value of cash flow hedges:
Amortization of loss on termination of cash flow hedges			1,655				—				1,655				(1,655	)			1,655
Unrealized loss arising during the period			1,863				—				1,863				(1,863	)			1,863

Total other comprehensive income			1,955				—				1,955				(1,955	)			1,955

Comprehensive income (loss)		$	(250,584	)		$	(254,258	)		$	(327,077	)		$	581,335			$	(250,584	)


		For the Year Ended December 31, 2012
						Guarantor				Non-Guarantor				Consolidating
		Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
Net income (loss)		$	(76,073	)		$	20,394			$	27,657			$	(48,051	)		$	(76,073	)

Other comprehensive income (loss):
Foreign currency translation adjustments			531				—				531				(531	)			531
Changes in fair value of cash flow hedges:
Amortization of loss on termination of cash flow hedges			1,655				—				1,655				(1,655	)			1,655
Unrealized loss arising during the period			(395	)			—				(395	)			395				(395	)

Total other comprehensive income			1,791				—				1,791				(1,791	)			1,791

Comprehensive income (loss)		$	(74,282	)		$	20,394			$	29,448			$	(49,842	)		$	(74,282	)




CONSOLIDATING STATEMENT OF CASH FLOWS

For the year ended December 31, 2014



						Guarantor				Non-Guarantor				Consolidating
		Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
Operating activities:
Net cash provided by (used in) operating activities		$	(71,856	)		$	79,586			$	119,204			$	—			$	126,934

Investing activities:
Acquisition of properties			—				—				(128,390	)			—				(128,390	)
Capital expenditures			—				(36,538	)			(42,577	)			—				(79,115	)
Proceeds from insurance			—				7,462				2,725				—				10,187
Proceeds from short-term investment			—				—				1,169				—				1,169
Principal payments received on mortgage loans receivable			—				—				83,468				—				83,468
Proceeds from sale of properties			—				305,138				79,155				—				384,293
Changes in restricted cash			(94	)			(3,538	)			5,026				—				1,394
Other			614				143				223				—				980
Intercompany financing			317,365				—				—				(317,365	)			—

Net cash provided by (used in) investing activities			317,885				272,667				799				(317,365	)			273,986

Financing activities:
Redemptions of common stock			(9,609	)			—				—				—				(9,609	)
Distributions to stockholders, net of reinvestments			(110,671	)			—				—				—				(110,671	)
Proceeeds from line of credit			—				232,500				—				—				232,500
Payment of entrance fee			—				—				(1,845	)			—				(1,845	)
Proceeds from mortgage loans and other notes payable			—				40,000				17,790				—				57,790
Principal payments on line of credit			—				(130,000	)			—				—				(130,000	)
Principal payments on mortgage loans and senior notes			(78,300	)			(91,563	)			(195,361	)			—				(365,224	)
Principal payments on capital leases			—				(3,102	)			(1,761	)			—				(4,863	)
Payment of loan costs			—				(2,084	)			(1,452	)			—				(3,536	)
Intercompany financing			—				(389,263	)			71,898				317,365				—

Net cash provided by (used in) financing activities			(198,580	)			(343,512	)			(110,731	)			317,365				(335,458	)

Effect of exchange rate fluctuation on cash			—				—				(51	)			—				(51	)

Net increase in cash			47,449				8,741				9,221								65,411
Cash at beginning of period			37,668				15,671				18,235				—				71,574

Cash at end of period		$	85,117			$	24,412			$	27,456			$	—			$	136,985




CONSOLIDATING STATEMENT OF CASH FLOWS

For the year ended December 31, 2013



						Guarantor				Non-Guarantor				Consolidating
		Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
Operating activities:
Net cash provided by (used in) operating activities		$	(78,930	)		$	108,523			$	105,887			$	—			$	135,480

Investing activities:
Acquisition of properties			—				—				(244,859	)			—				(244,859	)
Capital expenditures			—				(27,462	)			(42,694	)			—				(70,156	)
Proceeds from sale unconsolidated entities			—				195,446				—				—				195,446
Proceeds from release of collateral on loan payable			—				—				11,167				—				11,167
Issuance of mortgage loans receivable			—				—				(83	)			—				(83	)
Principal payments received on mortgage loans receivable			—				(83	)			4,365				—				4,282
Proceeds from sale of properties			—				12,726				(325	)			—				12,401
Changes in restricted cash			13				(6,196	)			(4,174	)			—				(10,357	)
Other			—				23				(794	)			—				(771	)
Intercompany financing			169,835				—				—				(169,835	)			—

Net cash provided by (used in) investing activities			169,848				174,454				(277,397	)			(169,835	)			(102,930	)

Financing activities:
Redemptions of common stock			(11,955	)			—				—				—				(11,955	)
Distributions to stockholders, net of reinvestments			(80,514	)			—				—				—				(80,514	)
Borrowings under line of credit			—				100,000				—				—				100,000
Proceeds from mortgage loans and other notes payable			—				—				131,298				—				131,298
Principal payments on line of credit			—				(145,000	)			—				—				(145,000	)
Principal payments on mortgage loans			—				(8,263	)			(10,537	)			—				(18,800	)
Principal payments on capital leases			—				(2,372	)			(1,780	)			—				(4,152	)
Payment of loan costs			—				(307	)			(4,710	)			—				(5,017	)
Intercompany financing			—				(225,489	)			55,654				169,835				—

Net cash provided by (used in) financing activities			(92,469	)			(281,431	)			169,925				169,835				(34,140	)

Effect of exchange rate fluctuation on cash			—				—				(60	)			—				(60	)

Net increase (decrease) in cash			(1,551	)			1,546				(1,645	)			—				(1,650	)
Cash at beginning of period			39,219				14,125				19,880				—				73,224

Cash at end of period		$	37,668			$	15,671			$	18,235			$	—			$	71,574




CONSOLIDATING STATEMENT OF CASH FLOWS

For the year ended December 31, 2012



		Issuer				Guarantor				Non-Guarantor				Consolidating				Consolidated
						Subsidiaries				Subsidiaries (as				Adjustments
										revised see
										Note 2)
Operating activities:
Net cash provided by (used in) operating activities		$	(84,363	)		$	90,996			$	81,260			$	—			$	87,893

Investing activities:
Acquisition of properties			—				—				(190,150	)			—				(190,150	)
Capital expenditures			—				(25,427	)			(44,248	)			—				(69,675	)
Investments in and contributions to unconsolidated entities			—				(3,776	)			—				—				(3,776	)
Distributions from unconsolidated entities			—				3,445				—				—				3,445
Payment of collateral on loan payable											(11,167	)			—				(11,167	)
Issuance of mortgage loans receivable			—				—				(869	)			—				(869	)
Principal payments received on mortgage loans receivable			—				—				4,790				—				4,790
Proceeds from sale of properties			—				1,500				—				—				1,500
Other			—				63				7				—				70
Changes in restricted cash			46				(2,892	)			(2,786	)			—				(5,632	)
Intercompany financing			93,222				—				—				(93,222	)			—

Net cash provided by (used in) investing activities			93,268				(27,087	)			(244,423	)			(93,222	)			(271,464	)

Financing activities:
Redemptions of common stock			(9,590	)			—				—				—				(9,590	)
Distributions to stockholders, net of distribution reinvestments			(94,677	)			—				—				—				(94,677	)
Proceeeds under line of credit			—				170,000				—				—				170,000
Proceeds from mortgage loans and other notes payable			—				45,000				107,300				—				152,300
Principal payments on line of credit			—				(75,000	)			—				—				(75,000	)
Principal payments on mortgage loans			—				(7,830	)			(26,836	)			—				(34,666	)
Principal payments on capital leases			—				(1,483	)			(2,624	)			—				(4,107	)
Payment of loan costs			(27	)			(4,341	)			(5,937	)			—				(10,305	)
Intercompany financing			—				(187,398	)			94,176				93,222				—

Net cash provided by (used in) financing activities			(104,294	)			(61,052	)			166,079				93,222				93,955

Effect of exchange rate fluctuation on cash			—				—				1				—				1

Net increase (decrease) in cash			(95,389	)			2,857				2,917				—				(89,615	)
Cash at beginning of period			134,608				11,268				16,963				—				162,839

Cash at end of period		$	39,219			$	14,125			$	19,880			$	—			$	73,224

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2014
Subsequent Events	20	Subsequent Events:
	In February 2015, in connection with the continued strategic alternatives, the Company entered into an agreement to sell one attractions property for $140 million, which exceeds the carrying value. In addition, in March 2015, the Company entered into an agreement to sell its 81.98% interest in DMC Partnership , to its co-venture partner for $140 million. The expected net sales proceeds exceed the Company’s investment in the unconsolidated joint venture. In February 2015, the Company entered into a letter of intent to sell the unimproved land property for $5.5 million.
	On March 9, 2015, the Company’s Board of Directors reduced the quarterly distributions to $0.05 per share to stockholders of record at the close of business on March 9, 2015.
	On March 6, 2015, the Company’s Board of Directors unanimously approved $5.20 as the 2014 NAV. Refer to Item 5. “Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.”

SCHEDULE_IIValuation_and_Quali

SCHEDULE II-Valuation and Qualifying Accounts	12 Months Ended
SCHEDULE II-Valuation and Qualifying Accounts	Dec. 31, 2014
SCHEDULE II-Valuation and Qualifying Accounts	CNL LIFESTYLE PROPERTIES, INC. AND SUBSIDIARIES
	SCHEDULE II—Valuation and Qualifying Accounts
	Years ended December 31, 2014, 2013 and 2012 (in thousands)


			Balance at		Charged to		Charged to								Balance at
			Beginning of		Costs and		Other			Deemed			Collected/		End of
	Year	Description	Year		Expenses		Accounts			Uncollectible			Recovered		Year
	2012	Deferred tax asset valuation allowance	$	40,830	$	—	$	7,628		$	—		$	—	$	48,458
		Allowance for loan losses		—		1,699		—			—			—		1,699

			$	40,830	$	1,699	$	7,628		$	—		$	—	$	50,157

	2013	Deferred tax asset valuation allowance	$	48,458	$	—	$	2,241		$	—		$	—	$	50,699
		Allowance for loan losses		1,699		3,104		—			—			—		4,803

			$	50,157	$	3,104	$	2,241		$	—		$	—	$	55,502

	2014	Deferred tax asset valuation allowance	$	50,699	$	—	$	7,542		$	—		$	—	$	58,241
		Allowance for loan losses		4,803		3,270		(285	)		(6,224	)		—		1,564

			$	55,502	$	3,270	$	7,257		$	(6,224	)	$	—	$	59,805

SCHEDULE_IIIReal_Estate_and_Ac

SCHEDULE III-Real Estate and Accumulated Depreciation	12 Months Ended
SCHEDULE III-Real Estate and Accumulated Depreciation	Dec. 31, 2014
SCHEDULE III-Real Estate and Accumulated Depreciation	CNL LIFESTYLE PROPERTIES, INC. AND SUBSIDIARIES
	SCHEDULE III—REAL ESTATE AND ACCUMULATED DEPRECIATION
	As of December 31, 2014 (in thousands)


																	Costs Capitalized																																Life on
																	Subsequent to								Gross Amounts at which																								which
					Initial Costs												Acquisition								Carried at Close of Period(3)																								depre-
									Lease-																				Lease-																				ciation in
									hold																				hold																				latest
					Land &				Interests																Land &				Interests												Accumu-								income
			En-		Land				and																Land				and												lated				Date of				state-
			cumber-		Improve-				Improve-								Improve-				Carrying				Improve-				Improve-												Depre-				Construc-			Date	ments is
	Property/Location		ances		ments				ments				Buildings				ments				Costs				ments				ments				Buildings				Total				ciation				tion			Acquired	computed
	Gatlinburg Sky Lift Gatlinburg, Tennessee				$	—			$	19,154			$	175			$	32			$	—			$	—			$	19,186			$	175			$	19,361			$	(3,655	)			In 1953		12/22/05		(2	)
	Hawaiian Falls Waterparks Garland and The Colony, Texas				$	3,123			$	3,663			$	758			$	2,082			$	—			$	5,016			$	3,812			$	798			$	9,626			$	(3,925	)			In 2004		4/21/06		(2	)
	Cypress Mountain Vancouver, British Columbia				$	161			$	19,001			$	735			$	9,427			$	—			$	1,180			$	16,032			$	12,112			$	29,324			$	(8,571	)			In 1975		5/30/06		(2	)
	The Omni Mount Washington Resort and Bretton Woods Ski Area Bretton Woods, New Hampshire				$	21,216			$	10			$	28,114			$	37,488			$	—			$	24,004			$	10			$	62,814			$	86,828			$	(22,009	)			In 1902		-4		(2	)
	Funtasticks Fun Center Tucson, Arizona				$	3,038			$	—			$	1,413			$	44			$	—			$	3,057			$	—			$	1,438			$	4,495			$	(1,203	)			In 1993		10/6/06		(2	)
	Camelot Park Bakersfield, California				$	179			$	—			$	70			$	5			$	—			$	182			$	—			$	72			$	254			$	(251	)			In 1994		10/6/06		(2	)
	Zuma Fun Center Charlotte, North Carolina				$	3,646			$	—			$	1,072			$	–			$	—			$	3,646			$	—			$	1,072			$	4,718			$	(1,141	)			In 1991		10/6/06		(2	)
	Mountasia Family Fun Center North Richland Hills, Texas				$	1,152			$	—			$	635			$	41			$	—			$	1,193			$	—			$	635			$	1,828			$	(395	)			In 1994		10/6/06		(2	)
	Zuma Fun Center South Houston, Texas				$	1,551			$	—			$	558			$	78			$	—			$	1,610			$	—			$	577			$	2,187			$	(603	)			In 1990		10/6/06		(2	)
	Brighton Ski Resort Brighton, Utah				$	11,809			$	2,123			$	11,233			$	3,030			$	—			$	12,850			$	2,123			$	13,222			$	28,195			$	(8,698	)			In 1949		1/8/07		(2	)
	Northstar-at-Tahoe Resort Lake Tahoe, California				$	60,790			$	—			$	8,534			$	11,108			$	—			$	64,612			$	—			$	15,820			$	80,432			$	(21,519	)			In 1972		1/19/07		(2	)
	Sierra-at-Tahoe Resort South Lake Tahoe, California				$	19,875			$	800			$	8,574			$	3,174			$	—			$	22,329			$	800			$	9,294			$	32,423			$	(12,638	)			In 1968		1/19/07		(2	)
	Loon Mountain Resort Lincoln, New Hampshire				$	9,226			$	346			$	4,673			$	7,355			$	—			$	15,164			$	347			$	6,089			$	21,600			$	(7,359	)			In 1966		1/19/07
	Summit-at-Snoqualmie Resort Snoqualmie Pass, Washington			(1	)		$	20,122			$	792			$	8,802			$	5,108			$	—			$	22,861			$	792			$	11,171			$	34,824			$	(11,129	)		In 1945	1/19/07		(2	)
	White Water Bay Oklahoma City, Oklahoma						$	10,720			$	—			$	5,461			$	603			$	—			$	10,729			$	—			$	6,055			$	16,784			$	(3,742	)		In 1981	4/6/07		(2	)
	Splashtown Houston, Texas						$	10,817			$	—			$	1,609			$	8,481			$	—			$	15,825			$	—			$	5,082			$	20,907			$	(1,683	)		In 1981	4/6/07		(2	)
	Waterworld Concord, California						$	1,733			$	7,841			$	728			$	417			$	—			$	1,956			$	7,841			$	922			$	10,719			$	(4,249	)		In 1995	4/6/07		(2	)
	Elitch Gardens Denver, Colorado						$	93,796			$	—			$	7,480			$	1,480			$	—			$	94,786			$	—			$	7,970			$	102,756			$	(8,462	)		In 1890	4/6/07		(2	)
	Darien Lake Buffalo, New York						$	60,993			$	—			$	21,967			$	5,512			$	—			$	66,597			$	—			$	21,875			$	88,472			$	(32,112	)		In 1955	4/6/07		(2	)
	Frontier City Oklahoma City, Oklahoma						$	7,265			$	—			$	7,518			$	1,545			$	—			$	8,104			$	—			$	8,224			$	16,328			$	(4,101	)		In 1958	4/6/07		(2	)
	Wild Waves & Enchanted Village Seattle, Washington						$	19,200			$	—			$	2,837			$	4,516			$	—			$	23,418			$	—			$	3,135			$	26,553			$	(10,693	)		In 1977	4/6/07		(2	)
	Magic Springs & Crystal Falls Hot Springs, Arkansas						$	4,237			$	8			$	10,409			$	4,706			$	—			$	8,670			$	—			$	10,690			$	19,360			$	(3,837	)		In 1977	4/16/07		(2	)
	Mountain High Resort Wrightwood, California			(1	)		$	14,272			$	14,022			$	7,571			$	768			$	—			$	14,518			$	14,061			$	8,054			$	36,633			$	(11,581	)		In 1930’s	6/29/07		(2	)
	Sugarloaf Mountain Resort Carrabassett Valley, Maine						$	15,408			$	—			$	5,658			$	3,407			$	—			$	14,619			$	2,000			$	7,854			$	24,473			$	(6,885	)		In 1962	8/7/07		(2	)
	Sunday River Resort Newry, Maine						$	32,698			$	—			$	12,256			$	5,391			$	—			$	36,632			$	—			$	13,713			$	50,345			$	(12,262	)		In 1959	8/7/07		(2	)
	The Northstar Commercial Village Lake Tahoe, California						$	2,354			$	—			$	33,932			$	4,178			$	—			$	2,759			$	—			$	37,705			$	40,464			$	(10,537	)		In 2005	11/15/07		(2	)
	Coco Key Water Resort Orlando, Florida						$	8,131			$	—			$	777			$	9,582			$	—			$	6,207			$	—			$	12,282			$	18,489			$	(7,795	)		1970’s	5/28/08		(2	)
	Myrtle Waves Myrtle Beach, S. Carolina						$	—			$	—			$	5,875			$	—			$	—			$	—			$	—			$	5,875			$	5,875			$	(217	)		In 1985	-5		(2	)
	Mount Sunapee Newbury, New Hampshire			(1	)		$	—			$	6,727			$	5,253			$	451			$	—			$	100			$	6,909			$	5,422			$	12,431			$	(3,502	)		In 1960	12/5/08		(2	)
	Okemo Mountain Ludlow, Vermont			(1	)		$	17,566			$	25,086			$	16,684			$	1,255			$	—			$	18,256			$	25,144			$	17,191			$	60,591			$	(11,390	)		In 1963	12/5/08		(2	)
	Crested Butte Mt. Crested Butte, CO			(1	)		$	1,305			$	18,843			$	11,188			$	1,968			$	—			$	1,314			$	19,431			$	12,559			$	33,304			$	(8,785	)		In 1960’s	12/5/08		(2	)
	Jiminy Peak Mountain Resort Hancock, Massachusetts			(1	)		$	7,802			$	—			$	8,164			$	553			$	—			$	8,088			$	—			$	8,431			$	16,519			$	(3,529	)		In 1948	1/27/09		(2	)
	Hawaiian Waters Kapolei, Hawaii						$	—			$	13,399			$	3,458			$	497			$	—			$	190			$	13,425			$	3,739			$	17,354			$	(2,768	)		In 1998	5/6/09		(2	)
	Great Wolf Lodge- Wisconsin Dells Wisconsin Dells, Wisconsin			(1	)		$	3,433			$	—			$	17,632			$	550			$	—			$	2,110			$	—			$	19,509			$	21,619			$	(8,664	)		In 1997	8/6/09		(2	)
	Great Wolf Lodge- Sandusky Sandusky, Ohio			(1	)		$	2,772			$	—			$	30,061			$	658			$	—			$	2,466			$	26			$	30,995			$	33,487			$	(9,978	)		In 2001	8/6/09		(2	)
	Granby Development Lands Granby, Colorado			(1	)		$	5,235			$	—			$	—			$	—			$	—			$	5,235			$	—			$	—			$	5,235			$	—			N/A	10/29/09
	Pacific Park Santa Monica, California			(1	)		$	—			$	25,046			$	1,575			$	635			$	—			$	—			$	25,226			$	2,030			$	27,256			$	(3,564	)		In 1996	12/29/10		(2	)
	Stevens Pass Skykomish, King and Chelan County, WA						$	62			$	13,084			$	5,280			$	1,634			$	—			$	906			$	14,485			$	4,669			$	20,060			$	(2,398	)		1945-2000	11/17/11		(2	)
	Rapids Waterpark West Palm Beach, Florida						$	11,041			$	—			$	9,044			$	6,389			$	—			$	17,071			$	—			$	9,403			$	26,474			$	(2,009	)		1979 and 2007	6/29/12		(2	)
	Soak City Palm Springs, California						$	12,516			$	—			$	3,259			$	—			$	—			$	12,516			$	—			$	3,259			$	15,775			$	(924	)		In 2001	8/12/13		(2	)
	Phoenix Wet n Wild Waterpark Phoenix, Arizona						$	—			$	8,715			$	4,748			$	287			$	—			$	—			$	8,901			$	4,849			$	13,750			$	(778	)		In 2009	11/26/13		(2	)

	Total						$	499,244			$	178,600			$	315,770			$	144,435			$	—			$	550,776			$	180,551			$	406,781			$	1,138,108			$	(279,541	)


	A summary of transactions in real estate and accumulated depreciation for the years ended December 31, 2014, 2013 and 2012 are as follows:



	Balance at December 31, 2011		$	2,044,936
2012 Acquisitions			190,787
2012 Dispositions and assets held for sale			(18,334	)
2012 Impairment provision			(680	)

Balance at December 31, 2012			2,216,709
2013 Acquisitions			249,136
2013 Dispositions and assets held for sale			(181,424	)
2013 Impairment provision			(142,354	)

Balance at December 31, 2013		$	2,142,067

2014 Acquisitions			169,417
2014 Dispositions and assets held for sale			(1,108,581	)
2014 Impairment provision			(64,795	)

Balance at December 31, 2014		$	1,138,108



Balance at December 31, 2011		$	(282,937	)
2012 Depreciation			(73,055	)
2012 Accumulated depreciation on dispositions and assets held for sale			101

Balance at December 31, 2012			(355,891	)
2013 Depreciation			(77,484	)
2013 Accumulated depreciation on dispositions and assets held for sale			18,159

Balance at December 31, 2013		$	(415,216	)

2014 Depreciation			(59,109	)
2014 Accumulated depreciation on dispositions and assets held for sale			194,784

Balance at December 31, 2014		$	(279,541	)


FOOTNOTES:

-1	The property is encumbered at December 31, 2014.
-2	Buildings and improvements are depreciated over 39 years. Leasehold improvements are depreciation over their estimated useful lives.
-3	The aggregate cost for federal income tax purposes is approximately $1.8 billion.
-4	The initial purchase price includes the original purchase price of $45.0 million, acquired July 23, 2006. On August 12, 2011, the Company purchased the golf facility, resort amenities and development land at this property for an additional $10.5 million. See Item 2. “Properties” for additional information.
-5	We foreclosed on this property during the year ended December 31, 2014, as a result of default of the borrower.

SCHEDULE_IVMortgage_Loans_on_R

SCHEDULE IV-Mortgage Loans on Real Estate	12 Months Ended
SCHEDULE IV-Mortgage Loans on Real Estate	Dec. 31, 2014
SCHEDULE IV-Mortgage Loans on Real Estate	CNL LIFESTYLE PROPERTIES, INC. AND SUBSIDIARIES
	SCHEDULE IV—MORTGAGE LOANS ON REAL ESTATE
	December 31, 2014 (in thousands)
	As of December 31, 2014 and 2013, mortgages and other notes receivable consisted of the following (in thousands):


	Borrower		Date of Loan			Maturity		Interest	Accrued		Loan Principal
											Balance
											as of December 31,
	(Description of Collateral Property)		Agreement(s)			Date		Rate	Interest		2014			2013
	Big Sky Resort (one ski resort)			9/23/08		-4		12.00%	$	—	$	—		$	68,000
	CMR Properties, LLC and CM Resort, LLC (one ski property) (2)			6/15/10		9/30/22		9.0% - 11.0%		840		16,620			16,620
	Boyne USA, Inc. (four ski resorts)			8/10/09		-4		6.3% - 15.0%		—		—			13,896
	Evergreen Alliance Golf Limited, L.P. (1)			11/12/10		-1		LIBOR + 4.0%		—		—			5,781
	PARC Myrtle Waves, LLC (3) (one attractions property)			2/10/11		-3		7.50%		—		—			9,000
	Grand Prix Tampa, LLC (one attractions property)			7/31/11		7/31/16		8.50%		24		3,395			3,442
	RSA Properties – Misson Hills (one golf facility)			3/28/13		-4		9.00%		—		—			275

	Total								$	864		20,015			117,014

	Accrued interest											864			5,655
	Acquisition fees, net											46			97
	Loan loss provision (1) (2)											(1,564	)		(4,803	)

	Total carrying amount										$	19,361		$	117,963


	FOOTNOTES:

	-1	During 2014, the Company recorded a loan provision of $3.3 million and collected the remaining balance of $1.3 million relating to this loan.
	-2	In December 2013, one of the Company’s borrowers approached the Company about modifying the terms of their debt service payments due to its current financial challenges. In anticipation of providing payment concessions to the borrower, the Company recorded a loan loss provision of approximately $1.8 million representing the difference between the expected future cash flows discounted at the original loan’s effective interest rate and the net carrying value of the loan.
	-3	During the year ended December 31, 2013, the Company recorded an additional loan loss provision of approximately $1.3 million in anticipation of the foreclosure of an attractions property that served as collateral on one of its other existing loans. The estimated fair value of the collateral was $7.9 million, which approximated the carrying value of the loan. The attractions property was foreclosed during the year ended December 31, 2014.
	-4	The Company collected the outstanding balances during the year ended December 31, 2014.

	CNL LIFESTYLE PROPERTIES, INC. AND SUBSIDIARIES
	SCHEDULE IV—MORTGAGE LOANS ON REAL ESTATE
	December 31, 2014 (in thousands)


			2014			2013
	Balance at beginning of period		$	117,963		$	124,730
	New mortgage loans			—			408
	Principal reduction			(83,468	)		(4,413	)
	Foreclosed and converted to real estate			(7,745	)		—
	Loan loss provision			(3,270	)		(3,104	)
	Write off of loan loss provision			1,008			—
	Accrued and deferred interest			(4,791	)		354
	Acquisition fees allocated, net			(51	)		(12	)
	Other			(285	)		—

			$	19,361		$	117,963

Significant_Accounting_Policie1

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2014
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation — The accompanying 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 variable interest entity (“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.
Allocation of Purchase Price for Real Estate Acquisitions	Allocation of Purchase Price for Real Estate Acquisitions — Upon the acquisition of real estate properties, the Company records the fair value of the tangible assets (consisting of land, buildings, improvements and equipment), intangible assets (consisting of in-place leases and above or below market lease values), assumed liabilities and any contingent liabilities at fair value. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Fair value is determined based on incorporating market participant assumptions, discounted cash flow models using appropriate capitalization rates, and the Company’s estimates reflecting the facts and circumstances of each acquisition. Acquisition fees and costs are expensed for acquisitions that are considered a business combination.

	The fair value of the tangible assets of an acquired leased property is determined by various factors including the comparable land sale method and cost approach method which estimates the replacement cost new less depreciation and a go dark income approach on the building in which the building is assumed to be vacant.
	The purchase price is allocated to in-place lease intangibles based on management’s evaluation of the specific characteristics of the acquired lease. Factors considered include estimates of carrying costs during hypothetical expected lease up periods, including estimates of lost rental income during the expected lease up periods, and costs to execute similar leases such as leasing commissions, legal and other related expenses.
	The Company may also enter into yield guarantees in connection with an acquisition, whereby the seller agrees to hold a portion of the purchase price in escrow that may be repaid to the Company in the event certain thresholds are not met. In calculating the estimated fair value of the yield guarantee, the Company considers information obtained about each property during the due diligence and budget process as well as discount rates to determine the fair value. The Company periodically evaluates the fair value of the yield guarantee and records any adjustments to the fair value as a component of other income (expense) in the accompanying consolidated statements of operations.
Depreciation and Amortization	Depreciation and Amortization — Real estate costs related to the acquisition and improvement of properties are capitalized. Repair and maintenance costs are charged to expense as incurred and significant replacements and betterments are capitalized. Repair and maintenance costs include all costs that do not extend the useful life of the real estate asset. The Company considers the period of future benefit of an asset to determine its appropriate useful life. Real estate assets are stated at cost less accumulated depreciation, which is computed using the straight-line method of accounting over the estimated useful lives of the related assets. Buildings and improvements are depreciated over the lesser of 39 years or the remaining life of the ground lease including renewal options and leasehold and permit interests.
	Amortization of intangible assets is computed using the straight-line method of accounting over the respective lease term or estimated useful life. The capitalized above-market or below-market lease intangible is amortized to rental income over the estimated remaining term of the respective leases. If a lease were to be terminated prior to its scheduled expiration, all unamortized costs related to the lease would be written off. Intangible assets with indefinite lives are not amortized, and like all intangibles, are evaluated for impairment on an annual basis or upon a trigger event.
Investment in Unconsolidated Entities	Investment in Unconsolidated Entities —The Company accounts for its investment in unconsolidated joint ventures under the equity method of accounting as the Company exercises significant influence, but does not maintain a controlling financial interest over these entities. These investments are recorded initially at cost and subsequently adjusted for cash contributions, distributions and equity in earnings (loss) of the unconsolidated entities. Based on the respective venture structures and preferences the Company receives on distributions and liquidation, the Company records its equity in earnings of the entities under the hypothetical liquidation at book value (“HLBV”) method of accounting. Under this method, the Company recognizes income or loss in each period as if the net book value of the assets in the ventures were hypothetically liquidated at the end of each reporting period following the provisions of the joint venture agreements. In any given period, the Company could be recording more or less income than actual cash distributions received and more or less than what the Company may receive in the event of an actual liquidation. The Company’s investment in unconsolidated entities is accounted for as an asset acquisition in which acquisition fees and expenses are capitalized as part of the basis in the investment in unconsolidated entities. The acquisition fees and expenses create an outside basis difference that are allocated to the assets of the investee and, if assigned to depreciable or amortizable assets, the basis differences are then amortized as a component of equity in earnings (loss) of unconsolidated entities.
Acquisition Fees and Expenses	Acquisition Fees and Expenses — The Company incurs acquisition fees and expenses in connection with the selection and acquisition of properties, including expenses on properties it determines not to acquire. The Company immediately expenses all acquisition costs and fees associated with transactions deemed to be business combinations, but capitalizes these costs for transactions deemed to be acquisitions of an asset or equity method investment.
Impairment of Real Estate Assets	Impairment of Real Estate Assets — Real estate assets are reviewed on an ongoing basis to determine whether there are any indicators, including property operating performance, general market conditions and significant changes in the manner of use or estimated holding period of the Company’s real estate assets or the strategy of its overall business, that the value of the real estate properties (including any related amortizable intangible assets or liabilities) may be impaired. To assess if a property value is potentially impaired, management compares the estimated current and projected undiscounted operating cash flows, including estimated net sales proceeds, of the property over its remaining useful life to the net carrying value of the property. Such cash flow projections consider factors such as expected future operating income, trends and prospects, as well as the effects of demand, competition and other factors. In the event that the carrying value exceeds the undiscounted operating cash flows, the Company would record an impairment provision to adjust the carrying value of the asset group to the estimated fair value of the property.
	For real estate the Company indirectly owns through an investment in a joint venture, tenant-in-common interest or other similar investment structure which is accounted for under the equity method, when impairment indicators are present, the Company compares the estimated fair value of its investment to the carrying value. An impairment charge will be recorded to the extent the fair value of its investment is less than the carrying amount and the decline in value is determined to be other than a temporary decline.
	The estimated fair values of unconsolidated entities are based upon a discounted cash flow model that includes all estimated cash inflows and outflows over the expected holding period. The capitalization rates and discounted rates utilized in the model are based upon rates that the Company believes to be within a reasonable range of current market rates for the underlying properties.
Bargain Purchase Gain	Bargain Purchase Gain — A bargain purchase gain is recorded as a gain in earnings in the period of acquisition when the fair value of assets acquired net of liabilities assumed is greater than the consideration transferred.
Assets Held for Sale, net and Discontinued Operations	Assets Held for Sale, net and Discontinued Operations — Assets that are classified as held for sale are recorded at the lower of their carrying value or fair value less costs to dispose. The Company classifies assets as held for sale once management has the authority to approve and commits to a plan to sell, the assets are available for immediate sale, an active program to locate a buyer and the sale of the assets are probable and transfer of the assets are expected to occur within one year. Subsequent to classification of an asset as held for sale, no further depreciation, amortization or straight-line rent adjustments relating to the asset are recorded. The related operations of assets held for sale are reported as discontinued if such operations and cash flows can be clearly distinguished both operationally and financially from the ongoing operations, such operations and cash flows will be eliminated from ongoing operations once the disposal occurs, and if the Company will not have any significant continuing involvement subsequent to the sale.
Real Estate Dispositions	Real Estate Dispositions — When real estate is disposed of, the related cost, accumulated depreciation or amortization and any accrued rental income for operating leases are removed from the accounts and gains and losses from the disposition are reflected in the consolidated statements of operations. Gains from the disposition of real estate are generally recognized using the full accrual method in accordance with the Financial Accounting Standards Board (“FASB”) guidance included in Real Estate Sales, provided that various criteria relating to the terms of sale and subsequent involvement by the Company with the properties are met. Gains may be deferred in whole or in part until the sales satisfy the requirements of gain recognition on sale of real estate. As of December 31, 2014, the Company has a deferred gain on one of its real estate dispositions as a result of making a loan to the buyer financing a substantial portion of the sales price.
Mortgages and Other Notes Receivables	Mortgages and Other Notes Receivables — Mortgages and other notes receivable are stated at the principal amount outstanding, net of deferred loan origination costs or fees. Loan origination and other fees received by the Company in connection with making the loans are recorded as reduction of the note receivable and amortized into interest income, using the effective interest method, over the term of the loan. Acquisition fees and costs in connection with making the loans are capitalized and recorded as part of the mortgages and other notes receivable balance and amortized as a reduction of interest income over the term of the notes.

	The Company evaluates impairment on its mortgages and other notes receivable on an individual loan basis which includes, current information and events, periodic visits and quarterly discussions on the financial results of the properties being collateralized and the financial stability of the borrowers who are also tenants or third-party managers for certain properties in the Company’s real estate portfolio. The Company reviews each loan to determine the risk of loss and whether the individual loan is impaired and whether an allowance is necessary. If allowance is necessary, the Company will reduce the carrying value of the loan accordingly and record a corresponding charge to net income (loss). The credit quality of the Company’s borrowers is primarily based on their payment history on an individual loan basis, and, as such, the Company does not assign its mortgages and other note receivable in credit quality categories.
Cash	Cash — Cash consists of demand deposits at commercial banks. The Company also invests in cash equivalents consisting of highly liquid investments in money market funds with original maturities of three months or less during the year. As of December 31, 2014, cash deposits exceeded federally insured amounts. However, the Company has not experienced any losses on such accounts. Management continues to monitor third-party depository institutions that hold the Company’s cash, primarily with the goal of safety of principal and secondarily on maximizing yield on those funds. To that end, the Company has diversified its cash among several banking institutions in an attempt to minimize exposure to any one of these entities. Management has attempted to select institutions that it believes are strong based on an evaluation of their financial stability and exposure to poor performing assets.
Restricted Cash	Restricted Cash — Certain amounts of cash are restricted to fund capital expenditures for the Company’s real estate investment properties or represent certain tenant security deposits.
Derivative Instruments and Hedging Activities	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 the 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 statement 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 statement of operations. As of December 31, 2014 and 2013, the Company’s hedges qualified as highly effective and, accordingly, all of the change in value is reflected in other comprehensive income (loss).
Fair Value of Financial Instruments	Fair Value of Financial Instruments — The estimated fair value of cash, accounts receivable, accounts payable and accrued expenses approximates carrying value as of December 31, 2014 and 2013, because of the liquid nature of the assets and relatively short maturities of the obligations. See Footnote 9. “Mortgages and other Notes Receivable, net” and Footnote 10. “Indebtedness” for the Company’s estimates of the fair value of its mortgages and other notes receivable and its indebtedness as of December 31, 2014 and 2013.
Fair Value Measurements	Fair Value Measurements – Fair value assumptions are based on the framework established in the fair value accounting guidance under GAAP. The framework specifies a hierarchy of valuation inputs which was established to increase consistency, clarity and comparability in fair value measurements and related disclosures. The guidance describes a fair value hierarchy based upon three levels of inputs that may be used to measure fair value, two of which are considered observable and one that is considered unobservable. The following describes the three levels of fair value inputs:

		•	Level 1 — Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access.

		•	Level 2 — Inputs, other than quoted prices included in Level 1, that are observable for the asset or liability either directly or indirectly; such as, quoted prices for similar assets or liabilities or other inputs that can be corroborated by observable market data.

		•	Level 3 — Unobservable inputs for the asset or liability, which are typically based on the Company’s own assumptions, as there is little, if any, related market activity.

	When market data inputs are unobservable, the Company utilizes inputs that it believes reflects the Company’s best estimate of the assumptions market participants would use in pricing the asset or liability. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement.
Deferred Financing Costs	Deferred Financing Costs — Financing costs paid in connection with obtaining long-term debt are deferred and amortized over the life of the debt using the effective interest method. As of December 31, 2014 and 2013, the accumulated amortization of loan costs was approximately $30.9 million and $22.9 million, respectively.
Foreign Currency Translation	Foreign Currency Translation — The accounting records for the Company’s one consolidated foreign location, in Vancouver, British Columbia, are maintained in the local currency and revenues and expenses are translated using the average exchange rates during the period. Assets and liabilities are translated to U.S. dollars using the exchange rate in effect at the balance sheet date. The resulting translation adjustments are reflected in stockholders’ equity as a cumulative foreign currency translation adjustment, a component of accumulated other comprehensive income (loss). Gains and losses from foreign currency transactions are included in the accompanying consolidated statements of operations.
Revenue Recognition	Revenue Recognition — For properties subject to operating leases, rental revenue is recorded on a straight-line basis over the terms of the leases. Additional percentage rent that is due contingent upon tenant performance thresholds, such as gross revenues, is deferred until the underlying performance thresholds have been achieved. Property operating revenues from managed properties, which are not subject to leasing arrangements, are derived from room rentals, food and beverage sales, ski and spa operations, golf operations, membership dues, ticket sales, concessions, waterpark and theme park operations, resident rental fees, assistance services, and other service revenues. Such revenues, excluding membership dues, are recognized when rooms are occupied, when services have been performed, and when products are delivered. Membership dues are recognized ratably over the term of the membership period. For mortgages and other notes receivable, interest income is recognized on an accrual basis when earned, except for loans placed on non-accrual status, for which interest income is recognized when received. Any deferred portion of contractual interest is recognized on a straight-line basis over the term of the corresponding note. Loan origination fees charged and acquisition fees incurred in connection with the making of loans are recognized as interest income, and a reduction in interest income, respectively over the term of the notes.
Capital Improvement Reserve Income	Capital Improvement Reserve Income — The Company’s leases require the tenants to pay certain contractual amounts that are set aside by the Company for replacements of fixed assets and other improvements to the properties. These amounts are and will remain the property of the Company during and after the term of the lease. The amounts are recorded as capital improvement reserve income at the time that they are earned and are included in rental income from operating leases in the accompanying consolidated statements of operations.
Mortgages and Other Notes Payable	Mortgages and Other Notes Payable — Mortgages and other notes payable are recorded at the stated principal amount and are generally collateralized by the Company’s lifestyle properties with monthly interest only and/or principal payments. A loan that is accounted for as a troubled debt restructure is recorded at the present value of the future cash payments, principal and interest, specified by the new terms. The Company may undergo a troubled debt restructuring if management determines that the underlying collateralized properties are not performing to meet debt service. In order to qualify as a troubled debt restructure the following must apply: (i) the underlying collateralized property value decreased as a result of the economic environment, (ii) transfer of asset (cash) to partially satisfy the loan has occurred and (iii) new loan terms decrease the effective interest rate and extend the maturity date. The difference between the future cash payments specified by the new terms and the carrying value immediately preceding the restructure is recorded as gain on extinguishment of debt.
Income Taxes	Income Taxes — The Company has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended and related regulations beginning with the year ended December 31, 2004. As a REIT, the Company generally is not subject to federal corporate income taxes provided it distributes at least 100% of its REIT taxable income and capital gains and meets certain other requirements for qualifying as a REIT. Subject to compliance with applicable tax law, certain properties may be operated using an eligible third-party manager. In those cases, taxable income from those operations may be subject to federal income tax. Management believes that the Company was organized and operated in a manner that enabled the Company to continue to qualify for treatment as a REIT for federal income tax purposes for the years ended December 31, 2014, 2013 and 2012.

	Under the provisions of the Internal Revenue Code and applicable state laws, each TRS entity of the Company is subject to taxation of income on the profits and losses from its operations. The Company accounts for federal and state income taxes with respect to its TRS entities using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and respective tax bases and operating losses and tax-credit carry forwards.
	Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.
Earnings (loss) Per Share	Earnings (loss) Per Share — Earnings (loss) per share is calculated based upon the weighted-average number of shares of common stock outstanding during the period.
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 for impairments. Actual results could differ from those estimates.
Out of Period Adjustments	Out of Period Adjustments — During the fourth quarter of 2012, the Company identified errors in the consolidated financial statements relating to prior years. The Company understated expenses related to the transition of certain properties from leased to managed structure which resulted in an understatement of loss on lease terminations by $1.6 million and an understatement of other operating expenses by $2.2 million. The Company concluded these adjustments were not material, individually or in the aggregate, to its results for this or any of the prior periods and, as such, the Company recorded out of period adjustments to increase its net loss during the fourth quarter of 2012 by $3.8 million.
	In July 2013, the Company completed the sale of 42 senior housing properties held through three unconsolidated joint ventures. In connection with the transaction, the Company received aggregate net sales proceeds of approximately $195.4 million and recorded an aggregate gain of approximately $55.4 million. The carrying amounts of the investments relating to the unconsolidated joint ventures were understated prior to disposition as a result of acquisition fees and costs that were incorrectly expensed in prior years. The Company concluded these adjustments were not material, individually or in the aggregate, to its results for this or any of the prior periods and, as such, the Company recorded out of period adjustments that increased the gain on sale in the third quarter of 2013 by approximately $1.9 million. See “Footnote 8. Variable Interest and Unconsolidated Entities” for additional information.
Segment Information	Segment Information — Operating segments are components of an enterprise for which separate financial information is available and is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assess performance. The Company’s chief operating decision maker currently evaluates the Company’s operations from a number of different operational perspectives including but not limited to a property-by-property basis and by tenant and operator. The Company derives all significant revenues from a single reportable operating segment of business, lifestyle real estate regardless of the type (ski, attractions, senior housing, etc.) or ownership structure (leased or managed). In addition, the Company evaluated each individual property and determined they were individually less than 10% of the combined revenue for the year ended December 31, 2014. Accordingly, the Company does not report segment information; nevertheless, management periodically evaluates whether the Company continues to have one single reportable segment of business.
Reclassifications	Reclassifications — Certain prior period amounts in the 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, such as a major line of business or geographical area, should be presented as a discontinued operation. This ASU is effective prospectively for all disposals (or classifications as held for sale) of components of an entity that occur within annual periods beginning on or after December 15, 2014 with early adoption permitted. The Company will adopt ASU No. 2014-08 commencing January 1, 2015. This ASU is expected to impact the determination of which future property disposals 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.
	In February 2015, the FASB issued ASU 2015-02 Amendments to the Consolidation Analysis, which requires amendments to both the variable interest entity and voting models. The amendments (i) rescind the indefinite deferral of certain aspects of accounting standards relating to consolidations and provide a permanent scope exception for registered money market funds and similar unregistered money market funds, (ii) modify the identification of variable interests (fees paid to a decision maker or service provider), the VIE characteristics for a limited partnership or similar entity and primary beneficiary determination under the VIE model, and (iii) eliminate the presumption within the current voting model that a general partner controls a limited partnership or similar entity. The new guidance is effective for annual reporting periods, and interim periods within those annual periods, beginning after December 15, 2015 with early adoption permitted. The amendments may be applied using either a modified retrospective or full retrospective approach. The Company is currently evaluating the effect the guidance will have on its consolidated financial statements.

Acquisitions_Tables

Acquisitions (Tables)	12 Months Ended
Acquisitions (Tables)	Dec. 31, 2014
Schedule of Acquired Properties	Consolidated Entities. During the year ended December 31, 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.

	These acquisitions are not considered material to the Company as such no pro forma information has been included.



	During the year ended December 31, 2013, the Company acquired the following properties (in thousands):




					Date of		Purchase
	Product/Description		Location		Acquisition		Price
	The Stratford Continuing Care Retirement Community — One senior housing property		Indiana			6/28/13	$	22,000	(1)
	Pioneer Village — One senior housing property		Oregon			7/31/13		14,850
	Bozeman Lodge — One senior housing property		Montana			8/9/13		31,000
	Wet ’n’ Wild Palm Springs — One attractions property		California			8/12/13		15,601	(2)
	Wet ’n’ Wild Phoenix — One attractions property		Arizona			11/26/13		33,000
	MorningStar at Dayton Place — One senior housing property		Colorado			12/13/13		29,908
	Chateau Vestavia — One senior housing property		Alabama			12/20/13		18,500
	Pacifica Peoria— One senior housing property		Arizona			12/20/13		13,250
	Pacifica Portland — One senior housing property		Oregon			12/20/13		27,250
	Pacifica Santa Clarita — One senior housing property		California			12/20/13		19,250
	Pacifica Sun City — One senior housing property		Florida			12/20/13		20,250

							$	244,859




	FOOTNOTES:



	-1	Amount shown is net of the present value of entrance fee liabilities assumed on date of acquisition of approximately $13.8 million.
	-2	In connection with the acquisition, the Company recorded approximately $2.7 million in bargain purchase gain 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.

	These acquisitions are not considered material to the Company as such no pro forma information has been included.
Allocation of Purchase Price	The following summarizes the allocation of the purchase price for the above properties and the estimated fair values of the assets acquired and liabilities assumed (in thousands):



			Total Purchase
			Price Allocation
	Land and land improvements		$	25,213
	Buildings			120,059
	Equipment			5,127
	In-place lease intangibles (1)			1,723
	Other intangibles			4,566
	Assumed mortgages			(27,398	)
	Other liabilities			(900	)

	Total purchase price consideration		$	128,390




	FOOTNOTE:


	-1	The weighted-average amortization period for intangible in-place leases acquired are 10 years as of the date of acquisition.

	The following summarizes the allocation of the purchase price for the above properties and the estimated fair values of the assets acquired and liabilities assumed (in thousands):



			Total Purchase
			Price Allocation
	Land and land improvements		$	32,998
	Leasehold interests and improvements			8,715
	Buildings			184,131
	Equipment			27,343
	In-place lease intangibles (1)			5,141
	Trade name intangibles			2,291
	Other assets			703
	Other liabilities			(13,810	)

	Net assets acquired			247,512
	Bargain purchase gain			(2,653	)

	Total purchase price consideration		$	244,859




	FOOTNOTE:


	-1	The weighted-average amortization period for intangible in-place leases acquired range between 2.5 years to 15 years as of the date of acquisition.

Real_Estate_Investment_Propert1

Real Estate Investment Properties, net (Tables)	12 Months Ended
Real Estate Investment Properties, net (Tables)	Dec. 31, 2014
Schedule of Real Estate Investment Properties	As of December 31, 2014 and 2013, real estate investment properties consisted of the following (in thousands):


		2014			2013
	Land and land improvements	$	550,776		$	904,409
	Leasehold interests and improvements		180,551			311,560
	Building and building improvements		406,781			926,098
	Equipment		614,300			692,854
	Less: accumulated depreciation and amortization		(615,957	)		(765,948	)

	Total	$	1,136,451		$	2,068,973

Assets_Held_for_Sale_net_and_D1

Assets Held for Sale, net and Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2014
Net Carrying Value of Assets Held for Sale	The following table presents the net carrying value of the properties classified as assets held for sale (in thousands):


		2014			2013
	Land and land improvements	$	91,726		$	40,097
	Leasehold interests and improvements		52,571			—
	Building and building improvements		500,946			47,989
	Equipment, net		25,380			2,708
	Deferred rent and lease incentives		4,490			—
	Other assets		3,372			—
	Restricted cash		10,844			—
	Intangibles, net		10,487			—

	Total	$	699,816		$	90,794

Summary of Loss from Discontinued Operations	The following table is a summary of loss from discontinued operations for the years ended December 31, (in thousands):


		2014			2013			2012
	Revenues	$	178,887		$	160,604		$	133,818
	Expenses		(115,773	)		(111,807	)		(111,224	)
	Depreciation and amortization		(36,709	)		(55,852	)		(48,077	)
	Impairment provision		(37,867	)		(219,502	)		(670	)

	Operating loss		(11,462	)		(226,557	)		(26,153	)
	Gain from sale of properties		4,144			2,408			288
	Loss on extinguishment of debt		(4,818	)		—			—
	Other expense		(19,570	)		(16,968	)		(13,149	)

	Loss from discontinued operations	$	(31,706	)	$	(241,117	)	$	(39,014	)

Intangible_Assets_net_Tables

Intangible Assets, net (Tables)	12 Months Ended
Intangible Assets, net (Tables)	Dec. 31, 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 December 31, 2014 and 2013 are as follows (in thousands):


			Gross Carrying		Accumulated			2014 Net Book
	Intangible Assets		Amount		Amortization			Value
	In place leases		$	12,295	$	(5,110	)	$	7,185
	Trade name (infinite-lived)			10,841		—			10,841

	Total		$	23,136	$	(5,110	)	$	18,026


			Gross Carrying		Accumulated			2013 Net Book
	Intangible Assets		Amount		Amortization			Value
	In place leases		$	34,745	$	(17,513	)	$	17,232
	Trade name (finited-lived)			9,060		(1,789	)		7,271
	Trade name (infinite-lived)			12,419		—			12,419

	Total		$	56,224	$	(19,302	)	$	36,922


	FOOTNOTE:

	-1	In connection with the sale of the 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 December 31, 2014 is as follows (in thousands):


			Total
			Intangible
			Assets
	2015		$	666
	2016			666
	2017			645
	2018			551
	2019			567
	Thereafter			4,090

	Total		$	7,185

Operating_Leases_Tables

Operating Leases (Tables)	12 Months Ended
Operating Leases (Tables)	Dec. 31, 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 December 31, 2014 (in thousands):


	2015	$	120,612
	2016		122,632
	2017		124,719
	2018		126,368
	2019		127,461
	Thereafter		1,066,109

	Total	$	1,687,901

Variable_Interest_and_Unconsol1

Variable Interest and Unconsolidated Entities (Tables)	12 Months Ended
Variable Interest and Unconsolidated Entities (Tables)	Dec. 31, 2014
Aggregate Carrying Amount and Major Classifications of Consolidated Assets and Liabilities	The aggregate carrying amount and major classifications of the consolidated assets that can be used to settle obligations of the VIEs and liabilities of the consolidated VIEs that are non-recourse to the Company are as follows (in thousands):


			December 31,
			2014				2013
	Assets
	Real estate investment properties, net		$	158,589			$	184,306
	Assets held for sale		$	12,953			$	—
	Other assets		$	26,376			$	29,075
	Liabilities
	Mortgages and other notes payable		$	30,412			$	87,095
	Other liabilities		$	15,695			$	13,214
Summarized Operating Data of Unconsolidated Entities	The following tables present financial information for the Company’s unconsolidated entities for the years ended December 31, 2014, 2013 and 2012 (in thousands):
	Summarized operating data:


			Year Ended December 31, 2014
			DMC				Intrawest
			Partnership				Venture				Total
	Revenues		$	28,519			$	17,454			$	45,973
	Property operating expenses (4)			(776	)			(9,802	)			(10,578	)
	Depreciation and amortization			(9,114	)			(6,005	)			(15,119	)
	Interest expense			(8,175	)			(4,891	)			(13,066	)
	Interest and other income (expense)			(35	)			88				53

	Income (loss) from continuing operations			10,419				(3,156	)			7,263
	Discontinued operations			—				987				987

	Net income (loss)		$	10,419			$	(2,169	)		$	8,250

	Income (loss) allocable to other venture partners (1)		$	1,602			$	(1,612	)(3)		$	(10	)

	Income (loss) allocable to the Company (1)		$	8,817			$	(557	)			8,260
	Amortization of capitalized costs			(298	)			(209	)			(507	)

	Equity in earnings (loss) of unconsolidated entities		$	8,519			$	(766	)		$	7,753

	Distribution declared to the Company		$	11,345			$	2,277			$	13,622

	Distributions received by the Company		$	11,345			$	2,152			$	13,497

	Summarized operating data:


			Year Ended December 31, 2013
			DMC				Intrawest				CNLSun I				CNLSun II				CNLSun III
			Partnership				Venture				Venture (6)				Venture (6)				Venture (6)				Total
	Revenues		$	28,062			$	17,054			$	71,287			$	19,654			$	21,549			$	157,606
	Property operating expenses			(796	)			(9,744	)			(45,999	)			(15,439	)			(14,609	)			(86,587	)
	Depreciation and amortization			(9,182	)			—				(10,994	)			(2,244	)			(2,874	)			(25,294	)
	Interest expense			(7,908	)			(5,874	)			(16,154	)			(2,057	)			(2,928	)			(34,921	)
	Interest and other income			3				9				20				—				—				32

	Income (loss) from continuing operations			10,179				1,445				(1,840	)			(86	)			1,138				10,836
	Discontinued operations (4)			—				1,101				—				—				—				1,101

	Net income (loss)		$	10,179			$	2,546			$	(1,840	)		$	(86	)		$	1,138			$	11,937

	Income (loss) allocable to other venture partners (1)		$	(1,166	)		$	(1,611	)(3)		$	(1,341	)		$	(8	)		$	1,788			$	(2,338	)

	Income (loss) allocable to the Company (1)		$	11,345			$	4,157			$	(499	)		$	(78	)		$	(650	)			14,275
	Amortization of capitalized costs			(433	)			(233	)			(1,305	)			(431	)			(172	)			(2,574	)

	Equity in earnings (loss) of unconsolidated entities		$	10,912			$	3,924			$	(1,804	)		$	(509	)		$	(822	)		$	11,701

	Distribution declared to the Company		$	11,345			$	1,998			$	7,797			$	1,039			$	1,660			$	23,839

	Distributions received by the Company		$	11,337			$	2,427			$	11,750	(2)		$	1,567	(2)		$	4,965	(2)		$	32,046



			Year Ended December 31, 2012
			DMC				Intrawest				CNLSun I				CNLSun II				CNLSun III
			Partnership				Venture				Venture				Venture				Venture				Total
	Revenues		$	27,858			$	16,874			$	137,897			$	37,301			$	43,087			$	263,017
	Property operating expenses			(2,963	)(5)			(14,679	)			(87,910	)			(27,525	)			(29,131	)			(162,208	)
Depreciation and amortization			(9,040	)			(3,342	)			(23,154	)			(4,991	)			(6,457	)			(46,984	)
Interest expense			(8,260	)			(4,833	)			(32,615	)			(4,899	)			(5,858	)			(56,465	)
Interest and other income (expense)			28				102				372				(368	)			28				162

Income (loss) from continuing operations			7,623				(5,878	)			(5,410	)			(482	)			1,669				(2,478	)
Discontinued operations (4)			—				310				—				—				—				310

Net income (loss)		$	7,623			$	(5,568	)		$	(5,410	)		$	(482	)		$	1,669			$	(2,168	)

Loss allocable to other venture partners (1)		$	(1,810	)		$	(1,564	)(3)		$	(7,084	)		$	(407	)		$	(1,346	)		$	(12,211	)

Income (loss) allocable to the Company (1)		$	9,433			$	(4,004	)		$	1,674			$	(75	)		$	3,015				10,043
Amortization of capitalized costs			(471	)			(234	)			(2,610	)			(862	)			(345	)			(4,522	)

Equity in earnings (loss) of unconsolidated entities		$	8,962			$	(4,238	)		$	(936	)		$	(937	)		$	2,670			$	5,521

Distribution declared to the Company		$	11,345			$	3,096			$	15,709			$	5,094			$	7,776			$	43,020

Distributions received by the Company		$	11,353			$	2,725			$	15,665			$	5,189	(2)		$	5,256	(2)		$	40,188


FOOTNOTES:

-1	Income is allocated between the Company and its venture partners using the hypothetical liquidation book value (“HLBV”) method of accounting.
-2	For the year ended December 31, 2013, distributions received by the Company includes approximately $4.0 million, $0.5 million and $0.8 million in return of capital on the CNLSun I, CNLSun II and CNLSun III ventures, respectively. For the year ended December 31, 2012, distributions received by the Company includes approximately $1.5 million and $1.9 million in return of capital on the CNLSun II and CNLSun III ventures, respectively.
-3	This amount represents the venture partner’s portion of interest expense on a loan which the partners made to the venture. These amounts are treated as distributions for the purposes of the HLBV calculation.
-4	During the year ended December 31, 2012, the venture recorded an impairment of $4.5 million when it determined that the carrying value of one of its properties was higher than the net realizable value. No impairments were recorded for the years ended December 31, 2014 and 2013.
-5	During the year ended December 31, 2012, the DMC Partnership incurred approximately $2.3 million in acquisition costs relating to a potential acquisition that was ultimately not pursued.
-6	On July 1, 2013, the Company completed the sale of its interest in 42 senior housing properties held through CNLSun I, CNLSun II and CNLSun III ventures as discussed above. As such, summarized operating data for those ventures is reported through June 30, 2013.
Summarized Balance Sheet Data of Unconsolidated Entities	Summarized balance sheet data


			As of December 31, 2014
			DMC				Intrawest
			Partnership				Venture				Total
	Real estate assets, net		$	221,986			$	61,936			$	283,922
	Assets held for sale			—				14,050				14,050
	Other assets			15,642				14,557				30,199
	Mortgages and other notes payable			131,500				66,690				198,190
	Other liabilities			6,795				18,537				25,332
	Partners’ capital			99,333				5,316				104,649
	Carrying amount of investment (1)			104,402				22,700				127,102
	Company’s ownership percentage (1)			81.98	%			80	%


			As of December 31, 2013
			DMC				Intrawest
			Partnership				Venture				Total
	Real estate assets, net		$	228,755			$	—			$	228,755
	Asset held for sale			—				81,661				81,661
	Other assets			13,297				15,799				29,096
	Mortgages and other notes payable			131,860				70,292				202,152
	Other liabilities			5,551				17,075				22,626
	Partners’ capital			104,641				10,093				114,734
	Carrying amount of investment (1)			107,162				25,162				132,324
	Company’s ownership percentage (1)			81.98	%			80	%

	FOOTNOTE:

	-1	As of December 31, 2014 and 2013, the Company’s share of partners’ capital determined under HLBV was approximately $119.6 million and $124.9 million, respectively, and the total difference between the carrying amount of the investment and the Company’s share of partners’ capital determined under HLBV was approximately $7.5 million and $7.4 million, respectively.

Mortgages_and_Other_Notes_Rece1

Mortgages and Other Notes Receivable, net (Tables)	12 Months Ended
Mortgages and Other Notes Receivable, net (Tables)	Dec. 31, 2014
Mortgages and Other Notes Receivable	As of December 31, 2014 and 2013, mortgages and other notes receivable consisted of the following (in thousands):


									Loan Principal Balance
	Borrower		Date of Loan		Maturity	Interest	Accrued		as of December 31,
	(Description of Collateral Property)		Agreement(s)		Date	Rate	Interest		2014			2013
	Big Sky Resort (one ski resort)			9/23/08	-4	12.00%	$	—	$	—		$	68,000
	CMR Properties, LLC and CM Resort, LLC (one ski property) (2)			6/15/10	9/30/22	9.0% - 11.0%		840		16,620			16,620
	Boyne USA, Inc. (four ski resorts)			8/10/09	-4	6.3% - 15.0%		—		—			13,896
	Evergreen Alliance Golf Limited, L.P. (1)			11/12/10	-1	LIBOR + 4.0%		—		—			5,781
	PARC Myrtle Waves, LLC (3) (one attractions property)			2/10/11	-3	7.50%		—		—			9,000
	Grand Prix Tampa, LLC (one attractions property)			7/31/11	7/31/16	8.50%		24		3,395			3,442
	RSA Properties – Misson Hills (one golf facility)			3/28/13	-4	9.00%		—		—			275

	Total						$	864		20,015			117,014

	Accrued interest									864			5,655
	Acquisition fees, net									46			97
	Loan loss provision (1) (2)									(1,564	)		(4,803	)

	Total carrying amount								$	19,361		$	117,963


	FOOTNOTES:

	-1	During 2014, the Company recorded a loan provision of $3.3 million and collected the remaining balance of $1.3 million relating to this loan.
	-2	In December 2013, one of the Company’s borrowers approached the Company about modifying the terms of their debt service payments due to its current financial challenges. In anticipation of providing payment concessions to the borrower, the Company recorded a loan loss provision of approximately $1.8 million representing the difference between the expected future cash flows discounted at the original loan’s effective interest rate and the net carrying value of the loan.
	-3	During the year ended December 31, 2013, the Company recorded an additional loan loss provision of approximately $1.3 million in anticipation of the foreclosure of an attractions property that served as collateral on one of its other existing loans. The estimated fair value of the collateral was $7.9 million, which approximated the carrying value of the loan. The attractions property was foreclosed during the year ended December 31, 2014.
	-4	The Company collected the outstanding balances during the year ended December 31, 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):


	2015		$	57
	2016			3,338
	2017			—
	2018			—
	2019			—
	Thereafter			16,620

	Total		$	20,015

Indebtedness_Tables

Indebtedness (Tables)	12 Months Ended
Indebtedness (Tables)	Dec. 31, 2014
Schedule of Future Principal Payments and Maturities for indebtedness	Mortgages and Other Notes Payable—As of December 31, 2014 and 2013, the Company had the following indebtedness (in thousands):


			Collateral and				Principal Balance as of
			Approximate Carrying Value of		Interest	Maturity	December 31,
			Collateral at December 31, 2014		Rate	Date	2014			2013
	Variable rate debt:
	Mortgage debt		1 multi-family residential property		30-day LIBOR + 1.3% (1)	-6	$	—	(6)	$	61,042
	Mortgage debt		1 hotel property		30-day LIBOR + 3.0% (1)	-7		—	(7)		24,811
	Mortgage debt		1 ski and mountain lifestyle property, $19.7 million		30-day LIBOR + 3.3% (1)(2)	9/1/19		8,402			8,746
	Mortgage debt		1 ski and mountain lifestyle property		CDOR + 3.8% (1)	-7		—	(7)		16,603	(5)
	Mortgage debt		1 ski and mountain lifestyle property, $29.6 million		30-day LIBOR + 4.5% (1)(2)	12/31/15		14,550			15,450
	Mortgage debt		1 attractions property, $47.9 million		30-day LIBOR + 3.0% (1)	11/30/15		20,781			21,000
	Mortgage debt		5 senior housing properties, $39.1 million		30-day LIBOR + 3.5% (1)	4/1/16		30,000			30,000
	Mortgage debt		8 senior housing properties, $135.8 million		30-day LIBOR + 2.5% (1)(4)	6/20/15		105,000			101,298
	Mortgage debt		4 ski and mountain lifestyle property, $154.3 million		30-day LIBOR + 1.5%-3.5% (1)	4/5/17		39,077			—

					Total variable rate debt		$	217,810		$	278,950


			Collateral and				Principal Balance as of
			Approximate Carrying Value of		Interest	Maturity	December 31,
			Collateral at December 31, 2014		Rate	Date	2014			2013
	Fixed rate debt:
	Mortgage debt		1 golf property		7.30%	-6	$	—	(6)	$	5,281
	Mortgage debt		19 golf properties and 1 ski lift attraction property, $16.1 million		6.10%	-6		—	(6)		84,993
	Mortgage debt		8 senior housing properties, $88.4 million		4.35% - 4.5%	10/5/18		57,711			59,212
	Mortgage debt		1 attractions lifestyle property, $29.4 million		6.80%	9/28/16		18,939			19,301
	Mortgage debt		6 ski and mountain lifestyle properties, $207.0 million		6.10%	4/5/17		95,908			100,715
	Mortgage debt		2 hotel properties		6.10%	-7		—	(7)		48,090
	Mortgage debt		3 marina properties, $24.9 million		6.3% - 6.5%	9/1/2016-12/1/2016		11,358			11,980
	Mortgage debt		3 senior housing properties, $26.8 million		4.40%	10/5/18		16,368			16,795
	Mortgage debt		1 attraction property, $108.6 million		6.00%	4/30/18		42,859			43,731
	Mortgage debt		4 senior housing properties, $67.9 million		3.79%	7/1/19		46,165			46,499
	Seller financing		3 ski and mountain lifestyle properties		8.0% - 9.5%	-7		—	(7)		34,600
	Mortgage debt		1 attractions property, $24.9 million		6.1% - 6.4%	11/1/2013-4/1/2025		9,384			10,219
	Mortgage debt		3 senior housing properties, $67.9 million		4.75% - 6.9%	10/1/18		32,411			—
	Senior notes		$318.25 million (3)		7.30%	4/15/19		318,250			396,550

					Total fixed rate debt		$	649,353		$	877,966

					Total debt		$	867,163		$	1,156,916

					Premium (discount)		$	187		$	(2,305	)

					Total		$	867,350		$	1,154,611


	FOOTNOTES:

	-1	The 30-day LIBOR rate was approximately 0.17% and 0.20% as of December 31, 2014 and 2013, respectively. The 30-day CDOR rate was approximately 1.2% as of December 31, 2013.
	-2	The Company entered into interest rate swaps for these variable rate debts. See Note 11. “Derivative instruments and Hedging Activities” for additional information
	-3	The Company issued $400.0 million senior notes which are guaranteed by certain of its properties. See “Item 2 – Properties” for additional information.
	-4	In December 2013, the Company entered into a collateralized bridge loan agreement with a third-party lender that matured in June 2014 with two extension options. The Company exercised its options to extend the bridge loan through June 2015. In connection with obtaining the bridge loan, the Company incurred loan origination costs and exit fees.
	-5	Converted from Canadian dollars to U.S. dollars at the exchange rate in place as of the end of the year.
	-6	The Company sold the properties in 2014 and paid off the associated debt.
	-7	The Company prepaid the debt in 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):


	2015		$	307,196
	2016			70,234
	2017			128,075
	2018			140,877
	2019			50,482
	Thereafter			322,799

	Total		$	1,019,663

Derivative_Instruments_and_Hed1

Derivative Instruments and Hedging Activities (Tables)	12 Months Ended
Derivative Instruments and Hedging Activities (Tables)	Dec. 31, 2014
Summary of Terms and Fair Values of Derivative Financial Instruments	The following table summarizes the terms and fair values of the Company’s derivative financial instruments (in thousands):


																Fair Value Liability
	Notional						Credit			Trade			Maturity			December 31,
	Amount			Strike (1)			Spread (1)			Date			Date			2014			2013
	$	61,042			1.9	%		1.3	%		12/6/10			1/2/16		$	—		$	(1,748	)
	$	8,746			3.6	%		3.3	%		9/28/09			9/1/19		$	(719	)	$	(743	)
	$	16,603	(2)		2.7	%(2)		3.8	%		12/1/09			12/1/14		$	—		$	(233	)
	$	15,450			2.2	%		4.5	%		1/13/11			12/31/15		$	(283	)	$	(524	)
	$	24,811			1.3	%		3	%		8/30/11			8/28/16		$	—		$	(446	)
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):


													Gross Amounts Not Offset
				As of December 31, 2014									in the Balance Sheets
	Notional			Gross			Gross			Net Amounts of			Financial			Cash			Net
	Amount of			Amounts of			Amounts			Liabilities			Instruments			Collateral			Amount
	Cash Flow			Recognized			Offset in the			Presented in the
	Hedges			Liabilities			Balance Sheets			Balance Sheets
	$	8,402		$	(719	)	$	—		$	(719	)	$	(719	)	$	—		$	(719	)
	$	14,550		$	(283	)	$	—		$	(283	)	$	(283	)	$	—		$	(283	)


													Gross Amounts Not Offset
				As of December 31, 2013									in the Balance Sheets
	Notional			Gross Amounts of			Gross Amounts			Net Amounts			Financial			Cash Collateral			Net Amount
	Amount of			Recognized			Offset in the			of Liabilities			Instruments
	Cash Flow			Liabilities			Balance Sheets			Presented in the
	Hedges									Balance Sheets
	$	61,042		$	(1,748	)	$	—		$	(1,748	)	$	(1,748	)	$	—		$	(1,748	)
	$	8,746		$	(743	)	$	—		$	(743	)	$	(743	)	$	—		$	(743	)
	$	16,603	(2)	$	(233	)	$	—		$	(233	)	$	(233	)	$	—		$	(233	)
	$	15,450		$	(524	)	$	—		$	(524	)	$	(524	)	$	—		$	(524	)
	$	24,811		$	(446	)	$	—		$	(446	)	$	(446	)	$	—		$	(446	)

	FOOTNOTES:

	-1	The strike rate does not include the credit spread on each of the notional amounts.
	-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 was 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.

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	12 Months Ended
Fair Value Measurements (Tables)	Dec. 31, 2014
Fair Value of Financial Assets and Liabilities Carried at Fair Value	The following tables show the fair value of the Company’s financial assets and liabilities carried at fair value as of December 31, 2014 and 2013, as follows (in thousands):


		Fair Value
		Measurement as
		of December 31,
		2014		Level 1		Level 2		Level 3
	Assets:
	Assets held for sale carried at fair value	$	699,816	$	—	$	—	$	699,816

	Liabilities:
	Derivative instruments	$	1,002	$	—	$	1,002	$	—



		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

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

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2014
Components of Deferred Taxes	The components of the deferred taxes recognized in the accompanying consolidated balance sheets at December 31, 2014 and 2013 are as follows (in thousands):


		Year Ended December 31,
		2014			2013
	Net operating losses	$	107,494		$	101,277
	Book/tax differences in deferred income		4,175			2,834
	Book/tax differences in acquired assets		(53,428	)		(53,412	)

	Total deferred tax asset		58,241			50,699
	Valuation allowance		(58,241	)		(50,699	)

		$	—		$	—

Estimated Net Operating Loss Carry-Forwards	The estimated net operating loss carry-forwards will expire as follows (in thousands):


		Net
	Expiration	Operating
	Year	Loss
	2025	$	1,600
	2026	$	5,600
	2027	$	26,700
	2028	$	44,900
	2029	$	48,000
	2030	$	39,700
	2031	$	32,100
	2032	$	34,600
	2033	$	20,700
	2034	$	11,800

Related_Party_Arrangements_Tab

Related Party Arrangements (Tables)	12 Months Ended
Related Party Arrangements (Tables)	Dec. 31, 2014
Earned Acquisition Fees and Incurred Reimbursable Expenses	For the years ended December 31, 2014, 2013 and 2012, the Advisor collectively earned fees and incurred reimbursable expenses as follows (in thousands):


			Year Ended December 31,
			2014		2013		2012
	Acquisition fees:
	Acquisition fees from offering proceeds (1)		$	319	$	1,286	$	1,785
	Acquisition fees from debt proceeds (2)			1,521		3,273		5,235

	Total			1,840		4,559		7,020

	Asset management fees (3)			29,863		34,683		35,725

	Reimbursable expenses: (4)
	Acquisition costs (5)			248		299		409
	Operating expenses (6)			6,680		7,092		8,002

	Total			6,928		7,391		8,411

	Total fees earned and reimbursable expenses		$	38,631	$	46,633	$	51,156



	FOOTNOTES:

	-1	Prior to April 1, 2014, acquisition fees were paid for services in connection with the selection, purchase, development or construction of real property. The fees were generally equal to 3.0% of gross offering proceeds from the sale of the Company’s common stock including proceeds from shares sold under its distribution reinvestment plan (“DRP”). Effective April 1, 2014, the Advisor eliminated this fee. These amounts are recorded as acquisition fees and costs in the accompanying consolidated statements of operations.
	-2	Prior to April 1, 2014, acquisition fees from debt proceeds were paid for services in connection with the incurrence of indebtedness, including the Company’s pro-rata share of joint venture indebtedness. The fees were generally equal to 3.0% of loan proceeds. Effective April 1, 2014, the Advisor eliminated this fee. These amounts are recorded as loan costs and are included as part of other assets in the accompanying consolidated balance sheets.
	-3	Amounts recorded as asset management fees to Advisor, include fees of $11.2 million, $11.6 million and $10.7 million for the years ended December 31, 2014, 2013 and 2012, respectively, 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	The Advisor and its affiliates are entitled to reimbursement of certain expenses incurred on behalf of the Company in connection with the Company’s organization, offering, acquisitions, and operating activities. Pursuant to the advisory agreement, the Company will not reimburse the Advisor for any amount by which total operating expenses paid or incurred by the Company exceed the greater of 2.0% of average invested assets or 25.0% of net income (the “Expense Cap”) in any expense year, as defined in the advisory agreement. For the expense years ended December 31, 2014, 2013 and 2012, operating expenses did not exceed the Expense Cap. Amounts representing acquisition costs are recorded as part of acquisition fees and costs in the accompanying consolidated statements of operations. Amounts representing operating expenses are recorded as part of general and administrative expenses in the accompanying consolidated statements of operations.
	-5	Includes approximately $0.04 million, $0.1 million, and $0.1 million for reimbursable expenses to the Advisor for services provided to the Company for its executive officers during the years ended December 31, 2014, 2013 and 2012, respectively. The reimbursable expenses include components of salaries, benefits and other overhead charges.
	-6	Includes approximately $0.4 million, $0.6 million and $0.5 million for reimbursable expenses to the Advisor for services provided to the Company for its executive officers during the years ended December 31, 2014, 2013 and 2012, respectively. The reimbursable expenses include components of salaries, benefits and other overhead charges.
Amounts Due to Affiliates for Fees and Expense	Amounts due to affiliates for fees and expenses described above are as follows (in thousands):


			As of December 31,
			2014		2013
	Due to the Advisor and its affiliates:
	Operating expenses		$	476	$	671
	Acquisition fees and expenses			13		354

	Total		$	489	$	1,025

Stockholders_Equity_Tables

Stockholders' Equity (Tables)	12 Months Ended
Stockholders' Equity (Tables)	Dec. 31, 2014
Schedule of Redemption Requests	The following details the Company’s redemptions for the years ended December 31, 2014 and 2013 (in thousands except per share data).


			First			Second			Third			Fourth			Full
			First			Second			Third			Fourth			Year
	2014 Quarters
	Requests in queue			10,547			10,798			10,809			11,572			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			11,572

	Average price paid per share		$	6.85		$	6.85		$	6.81		$	—		$	6.84




			First			Second			Third			Fourth			Full
			First			Second			Third			Fourth			Year
	2013 Quarters
	Requests in queue			9,726			9,962			10,109			10,312			9,726
	Redemptions requested			716			825			685			696			2,922
	Shares redeemed:
	Prior period requests			(213	)		(70	)		(77	)		(190	)		(550	)
	Current period requests			(192	)		(351	)		(329	)		(223	)		(1,095	)
	Adjustments (1)			(75	)		(257	)		(76	)		(48	)		(456	)

	Pending redemption requests (2)			9,962			10,109			10,312			10,547			10,547

	Average price paid per share		$	7.31		$	7.3		$	7.29		$	7.26		$	7.29



	FOOTNOTES:

	-1	This amount represents redemption request cancellations and other adjustments.
	-2	Requests that are not fulfilled in whole during a particular quarter were redeemed on a pro rata basis to the extent funds are made available pursuant to the redemption plan. The redemption plan was suspended in September 2014.

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	12 Months Ended
Commitments and Contingencies (Tables)	Dec. 31, 2014
Schedule of Future Obligations under Ground Leases and Land Permits	The following is a schedule of future obligations under ground leases and land permits (in thousands):


	2015	$	12,570
	2016		12,570
	2017		12,570
	2018		12,570
	2019		12,570
	Thereafter		168,948

	Total	$	231,798

Selected_Quarterly_Financial_D1

Selected Quarterly Financial Data (Tables)	12 Months Ended
Selected Quarterly Financial Data (Tables)	Dec. 31, 2014
Quarterly Financial Data
			First			Second			Third			Fourth			Full Year
	2014 Quarters
	Total revenues		$	72,380		$	94,657		$	144,551		$	61,707		$	373,295
	Operating income (loss)			(2,185	)		726			43,389			(52,308	)		(10,378	)
	Equity in earnings (loss) of unconsolidated entities			4,299			(526	)		3,176			804			7,753
	Income (loss) from continuing operations			(11,882	)		(15,071	)		30,086			(63,571	)		(60,438	)
	Discontinued operations (1)			(8,471	)		6,566			537			(30,338	)		(31,706	)
	Net income (loss)			(20,353	)		(8,505	)		30,623			(93,909	)		(92,144	)
	Weighted average number of shares outstanding (basic and diluted)			322,639			324,197			325,707			325,214			324,451
	Earnings (loss) per share of common stock (basic and diluted)		$	(0.06	)	$	(0.03	)	$	0.09		$	(0.29	)	$	(0.28	)

			First			Second			Third (2)			Fourth			Full Year
	2013 Quarters
	Total revenues		$	70,004		$	93,375		$	137,766		$	61,345		$	362,490
	Operating income (loss)			(4,999	)		(43,004	)		36,200			(14,157	)		(25,960	)
	Equity in earnings (loss) of unconsolidated entities			(1,123	)		6,159			4,147			2,518			11,701
	Income (loss) from continuing operations			(20,406	)		(50,864	)		84,846			(24,998	)		(11,422	)
	Discontinued operations (1)			(2,893	)		(4,340	)		(6,553	)		(227,331	)		(241,117	)
	Net income (loss)			(23,299	)		(55,204	)		78,293			(252,329	)		(252,539	)
	Weighted average number of shares outstanding (basic and diluted)			316,382			317,959			319,507			321,063			318,742
	Earnings (loss) per share of common stock (basic and diluted)		$	(0.07	)	$	(0.17	)	$	0.24		$	(0.79	)	$	(0.79	)

	FOOTNOTES:
	-1	The Company classified certain properties as assets held for sale and reclassified the results related to those properties to discontinued operations for all periods presented.
	-2	Includes impact from out of period adjustments as described in “Footnote 2 – Significant Accounting Policies”.

Supplemental_Consolidating_Fin1

Supplemental Consolidating Financial Statements (Tables)	12 Months Ended
Supplemental Consolidating Financial Statements (Tables)	Dec. 31, 2014
Consolidating Balance Sheet	CONSOLIDATING BALANCE SHEET
	As of December 31, 2014


							Guarantor				Non-Guarantor				Consolidating
			Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
	ASSETS
	Real estate investment properties, net		$	—			$	459,981			$	676,470			$	—			$	1,136,451
	Assets held for sale, net			—				61,897				637,919				—				699,816
	Cash			85,117				24,412				27,456				—				136,985
	Investments in unconsolidated entities			—				127,102				—				—				127,102
	Investments in subsidiaries			1,388,842				1,132,409				1,306,559				(3,827,810	)			—
	Deferred rent and lease incentives			—				28,595				19,054				—				47,649
	Restricted cash			127				24,553				14,417				—				39,097
	Other assets			6,978				14,572				15,089				—				36,639
	Accounts and other receivables, net			—				8,457				14,629				—				23,086
	Mortgages and other notes receivable, net			—				47,367				15,942				(43,948	)			19,361
	Intangibles, net			—				3,976				14,050				—				18,026

	Total Assets		$	1,481,064			$	1,933,321			$	2,741,585			$	(3,871,758	)		$	2,284,212

	LIABILITIES AND STOCKHOLDERS’ EQUITY
	Mortgages and other notes payable		$	—			$	193,897			$	399,604			$	(42,997	)		$	550,504
	Senior notes, net of discount			316,846				—				—				—				316,846
	Line of credit			—				152,500				—				—				152,500
	Other liabilities			—				14,919				45,559				—				60,478
	Accounts payable and accrued expenses			6,339				16,359				24,257				(950	)			46,005
	Due to affiliates			489				—				—				—				489

	Total Liabilities			323,674				377,675				469,420				(43,947	)			1,126,822

	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			2,863,839				6,448,172				9,130,959				(15,579,131	)			2,863,839
	Accumulated earnings (deficit)			(494,129	)			60,047				(16,789	)			(43,258	)			(494,129	)
	Accumulated distributions			(1,211,302	)			(4,952,573	)			(6,837,735	)			11,790,308				(1,211,302	)
	Accumulated other comprehensive loss			(4,270	)			—				(4,270	)			4,270				(4,270	)

				1,157,390				1,555,646				2,272,165				(3,827,811	)			1,157,390

	Total Liabilities and Stockholders’ Equity		$	1,481,064			$	1,933,321			$	2,741,585			$	(3,871,758	)		$	2,284,212


	CONSOLIDATING BALANCE SHEET
	As of December 31, 2013


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

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

LIABILITIES AND STOCKHOLDERS’ EQUITY
Mortgages and other notes payable		$	—			$	246,295			$	555,433			$	(41,536	)		$	760,192
Senior notes, net of discount			394,419				—				—				—				394,419
Other liabilities			—				33,447				43,369				—				76,816
Line of credit			—				50,000				—				—				50,000
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

Consolidating Statement of Operations	CONSOLIDATING STATEMENT OF OPERATIONS
	For the year ended December 31, 2014


							Guarantor				Non-Guarantor				Consolidating
			Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
	Revenues:
	Rental income from operating leases		$	—			$	57,021			$	71,002			$	—			$	128,023
	Property operating revenues			—				70,670				166,190				—				236,860
	Interest income on mortgages and other notes receivable			—				4,833				8,073				(4,494	)			8,412

	Total revenues			—				132,524				245,265				(4,494	)			373,295

	Expenses:
	Property operating expenses			—				53,050				137,115				—				190,165
	Asset management fees to advisor			18,651				—				—				—				18,651
	General and administrative			15,217				428				1,491				—				17,136
	Ground lease and permit fees			—				6,530				3,632				—				10,162
	Acquisition fees and costs			660				—				4				—				664
	Other operating expenses			713				1,855				2,760				—				5,328
	Bad debt expense			—				34				257				—				291
	Impairment provision			—				5,005				25,423				—				30,428
	(Gain) loss on lease terminations			—				—				8,914				—				8,914
	Loan loss provision			—				—				3,270				—				3,270
	Depreciation and amortization			—				35,916				62,748				—				98,664

	Total expenses			35,241				102,818				245,614				—				383,673

	Operating income (loss)			(35,241	)			29,706				(349	)			(4,494	)			(10,378	)

	Other income (expense):
	Interest and other income			20				(101	)			919				—				838
	Interest expense and loan cost amortization (includes $460 loss on termination of cash flow hedge relating to a non-guarantor subsidiary)			(30,380	)			(17,812	)			(13,562	)			4,494				(57,260	)
	Loss on extinguishment of debt			(4,685	)							3,294								(1,391	)
	Equity in earnings of unconsolidated entities			—				7,753				—				—				7,753
	Equity in earnings, intercompany			(21,858	)			(6,609	)			3,095				25,372				—

	Total other income (expense)			(56,903	)			(16,769	)			(6,254	)			29,866				(50,060	)

	Income (loss) from continuing operations			(92,144	)			12,937				(6,603	)			25,372				(60,438	)
	Income (loss) from discontinued operations (includes $3,027 amortization of loss on termination of cash flow hedges relating to a non-guarantor subsidiary)			—				(11,668	)			(20,038	)			—				(31,706	)

	Net income (loss)		$	(92,144	)		$	1,269			$	(26,641	)		$	25,372			$	(92,144	)


	CONSOLIDATING STATEMENT OF OPERATIONS
	For the year ended December 31, 2013


							Guarantor				Non-Guarantor				Consolidating
			Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
	Revenues:
	Rental income from operating leases		$	—			$	54,737			$	60,677			$	—			$	115,414
	Property operating revenues			—				65,074				168,882				—				233,956
	Interest income on mortgages and other notes receivable			—				4,497				12,826				(4,203	)			13,120

	Total revenues			—				124,308				242,385				(4,203	)			362,490

	Expenses:
	Property operating expenses			—				51,856				135,725				—				187,581
	Asset management fees to advisor			23,060				—				—				—				23,060
	General and administrative			15,359				647				1,227				—				17,233
	Ground lease and permit fees			—				6,453				3,385				—				9,838
	Acquisition fees and costs			3,141				—				(674	)			—				2,467
Other operating expenses			947				279				3,245				—				4,471
Bad debt expense			—				29				25				—				54
Impairment provision			—				50,033				—				—				50,033
(Gain) loss on lease terminations			—				(4,517	)			667				—				(3,850	)
Loan loss provision			—				—				3,104				—				3,104
Depreciation and amortization			—				35,389				59,070				—				94,459

Total expenses			42,507				140,169				205,774				—				388,450

Operating income (loss)			(42,507	)			(15,861	)			36,611				(4,203	)			(25,960	)

Other income (expense):
Interest and other income			211				398				(50	)			—				559
Interest expense and loan cost amortization			(31,727	)			(14,235	)			(14,010	)			4,203				(55,769	)
Bargain purchase gain			—				—				2,653				—				2,653
Gain from sale of unconsolidated entities			—				55,394				—				—				55,394
Equity in earnings of unconsolidated entities			—				11,701				—				—				11,701
Equity in earnings, intercompany			(178,516	)			(93,522	)			(311,252	)			583,290				—

Total other income (expense)			(210,032	)			(40,264	)			(322,659	)			587,493				14,538

Income (loss) from continuing operations			(252,539	)			(56,125	)			(286,048	)			583,290				(11,422	)
Income (loss) from discontinued operations (includes $1,655 amortization of loss on termination of cash flow hedges relating to a non-guarantor subsidiary)			—				(198,133	)			(42,984	)			—				(241,117	)

Net income (loss)		$	(252,539	)		$	(254,258	)		$	(329,032	)		$	583,290			$	(252,539	)

CONSOLIDATING STATEMENT OF OPERATIONS
For the year ended December 31, 2012


						Guarantor				Non-Guarantor				Consolidating
		Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
Revenues:
Rental income from operating leases		$	—			$	52,517			$	55,945			$	—			$	108,462
Property operating revenues			—				62,712				165,356				—				228,068
Interest income on mortgages and other notes receivable			—				10,031				12,699				(9,733	)			12,997

Total revenues			—				125,260				234,000				(9,733	)			349,527

Expenses:
Property operating expenses			—				52,453				133,085				—				185,538
Asset management fees to advisor			25,009				—				—				—				25,009
General and administrative			15,672				(376	)			2,382				—				17,678
Ground lease and permit fees			—				5,792				3,146				—				8,938
Acquisition fees and costs			4,450				—				(1,226	)			—				3,224
Other operating expenses			424				3,431				2,641				—				6,496
Bad debt expense			—				80				148				—				228
Impairment provision			—				10				—				—				10
Loss on lease termination			—				1,634				(74	)			—				1,560
Loan loss provision			—				—				1,699				—				1,699
Depreciation and amortization			—				33,593				53,886				—				87,479

Total expenses			45,555				96,617				195,687				—				337,859

Operating income (loss)			(45,555	)			28,643				38,313				(9,733	)			11,668

Other income (expense):
Interest and other income (expense)			104				768				(22	)			—				850
Interest expense and loan cost amortization			(31,607	)			(13,744	)			(19,476	)			9,733				(55,094	)
Loss on extinguishment of debt			—				—				(4	)			—				(4	)
Equity in earnings of unconsolidated entities			—				5,521				—				—				5,521
Equity in earnings, intercompany			985				22,372				24,694				(48,051	)			—

Total other income (expense)			(30,518	)			14,917				5,192				(38,318	)			(48,727	)

Income (loss) from continuing operations			(76,073	)			43,560				43,505				(48,051	)			(37,059	)
Loss from discontinued operations (includes $1,655 amortization of loss on termination of cash flow hedges relating to a non-guarantor subsidiary)			—				(23,166	)			(15,848	)			—				(39,014	)

Net income (loss)		$	(76,073	)		$	20,394			$	27,657			$	(48,051	)		$	(76,073	)



Consolidating Statement of Comprehensive Income (Loss)	Consolidating Statement of Comprehensive Income (Loss):



			For the Year Ended December 31, 2014
							Guarantor				Non-Guarantor				Consolidating
			Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
	Net income (loss)		$	(92,144	)		$	1,269			$	(26,641	)		$	25,372			$	(92,144	)

	Other comprehensive income (loss):
	Foreign currency translation adjustments			(2,933	)			—				(2,933	)			2,933				(2,933	)
	Changes in fair value of cash flow hedges:
	Amortization of loss on termination of cash flow hedges			3,486				—				3,486				(3,486	)			3,486
	Unrealized loss arising during the period			883				—				883				(883	)			883

	Total other comprehensive income			1,436				—				1,436				(1,436	)			1,436

	Comprehensive income (loss)		$	(90,708	)		$	1,269			$	(25,205	)		$	23,936			$	(90,708	)


			For the Year Ended December 31, 2013
							Guarantor				Non-Guarantor				Consolidating
			Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
	Net income (loss)		$	(252,539	)		$	(254,258	)		$	(329,032	)		$	583,290			$	(252,539	)

	Other comprehensive income (loss):
	Foreign currency translation adjustments			(1,563	)			—				(1,563	)			1,563				(1,563	)
	Changes in fair value of cash flow hedges:
	Amortization of loss on termination of cash flow hedges			1,655				—				1,655				(1,655	)			1,655
	Unrealized loss arising during the period			1,863				—				1,863				(1,863	)			1,863

	Total other comprehensive income			1,955				—				1,955				(1,955	)			1,955

	Comprehensive income (loss)		$	(250,584	)		$	(254,258	)		$	(327,077	)		$	581,335			$	(250,584	)


			For the Year Ended December 31, 2012
							Guarantor				Non-Guarantor				Consolidating
			Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
	Net income (loss)		$	(76,073	)		$	20,394			$	27,657			$	(48,051	)		$	(76,073	)

	Other comprehensive income (loss):
	Foreign currency translation adjustments			531				—				531				(531	)			531
	Changes in fair value of cash flow hedges:
	Amortization of loss on termination of cash flow hedges			1,655				—				1,655				(1,655	)			1,655
	Unrealized loss arising during the period			(395	)			—				(395	)			395				(395	)

	Total other comprehensive income			1,791				—				1,791				(1,791	)			1,791

	Comprehensive income (loss)		$	(74,282	)		$	20,394			$	29,448			$	(49,842	)		$	(74,282	)

Consolidating Statement of Cash Flows	CONSOLIDATING STATEMENT OF CASH FLOWS
	For the year ended December 31, 2014


							Guarantor				Non-Guarantor				Consolidating
			Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
	Operating activities:
	Net cash provided by (used in) operating activities		$	(71,856	)		$	79,586			$	119,204			$	—			$	126,934

	Investing activities:
	Acquisition of properties			—				—				(128,390	)			—				(128,390	)
	Capital expenditures			—				(36,538	)			(42,577	)			—				(79,115	)
	Proceeds from insurance			—				7,462				2,725				—				10,187
	Proceeds from short-term investment			—				—				1,169				—				1,169
	Principal payments received on mortgage loans receivable			—				—				83,468				—				83,468
	Proceeds from sale of properties			—				305,138				79,155				—				384,293
	Changes in restricted cash			(94	)			(3,538	)			5,026				—				1,394
	Other			614				143				223				—				980
	Intercompany financing			317,365				—				—				(317,365	)			—

	Net cash provided by (used in) investing activities			317,885				272,667				799				(317,365	)			273,986

	Financing activities:
	Redemptions of common stock			(9,609	)			—				—				—				(9,609	)
	Distributions to stockholders, net of reinvestments			(110,671	)			—				—				—				(110,671	)
	Proceeeds from line of credit			—				232,500				—				—				232,500
	Payment of entrance fee			—				—				(1,845	)			—				(1,845	)
	Proceeds from mortgage loans and other notes payable			—				40,000				17,790				—				57,790
	Principal payments on line of credit			—				(130,000	)			—				—				(130,000	)
	Principal payments on mortgage loans and senior notes			(78,300	)			(91,563	)			(195,361	)			—				(365,224	)
	Principal payments on capital leases			—				(3,102	)			(1,761	)			—				(4,863	)
	Payment of loan costs			—				(2,084	)			(1,452	)			—				(3,536	)
	Intercompany financing			—				(389,263	)			71,898				317,365				—

	Net cash provided by (used in) financing activities			(198,580	)			(343,512	)			(110,731	)			317,365				(335,458	)

	Effect of exchange rate fluctuation on cash			—				—				(51	)			—				(51	)

	Net increase in cash			47,449				8,741				9,221								65,411
	Cash at beginning of period			37,668				15,671				18,235				—				71,574

	Cash at end of period		$	85,117			$	24,412			$	27,456			$	—			$	136,985


	CONSOLIDATING STATEMENT OF CASH FLOWS
	For the year ended December 31, 2013


							Guarantor				Non-Guarantor				Consolidating
			Issuer				Subsidiaries				Subsidiaries				Adjustments				Consolidated
	Operating activities:
	Net cash provided by (used in) operating activities		$	(78,930	)		$	108,523			$	105,887			$	—			$	135,480

	Investing activities:
	Acquisition of properties			—				—				(244,859	)			—				(244,859	)
	Capital expenditures			—				(27,462	)			(42,694	)			—				(70,156	)
	Proceeds from sale unconsolidated entities			—				195,446				—				—				195,446
	Proceeds from release of collateral on loan payable			—				—				11,167				—				11,167
	Issuance of mortgage loans receivable			—				—				(83	)			—				(83	)
	Principal payments received on mortgage loans receivable			—				(83	)			4,365				—				4,282
	Proceeds from sale of properties			—				12,726				(325	)			—				12,401
	Changes in restricted cash			13				(6,196	)			(4,174	)			—				(10,357	)
	Other			—				23				(794	)			—				(771	)
	Intercompany financing			169,835				—				—				(169,835	)			—

Net cash provided by (used in) investing activities			169,848				174,454				(277,397	)			(169,835	)			(102,930	)

Financing activities:
Redemptions of common stock			(11,955	)			—				—				—				(11,955	)
Distributions to stockholders, net of reinvestments			(80,514	)			—				—				—				(80,514	)
Borrowings under line of credit			—				100,000				—				—				100,000
Proceeds from mortgage loans and other notes payable			—				—				131,298				—				131,298
Principal payments on line of credit			—				(145,000	)			—				—				(145,000	)
Principal payments on mortgage loans			—				(8,263	)			(10,537	)			—				(18,800	)
Principal payments on capital leases			—				(2,372	)			(1,780	)			—				(4,152	)
Payment of loan costs			—				(307	)			(4,710	)			—				(5,017	)
Intercompany financing			—				(225,489	)			55,654				169,835				—

Net cash provided by (used in) financing activities			(92,469	)			(281,431	)			169,925				169,835				(34,140	)

Effect of exchange rate fluctuation on cash			—				—				(60	)			—				(60	)

Net increase (decrease) in cash			(1,551	)			1,546				(1,645	)			—				(1,650	)
Cash at beginning of period			39,219				14,125				19,880				—				73,224

Cash at end of period		$	37,668			$	15,671			$	18,235			$	—			$	71,574


CONSOLIDATING STATEMENT OF CASH FLOWS
For the year ended December 31, 2012


		Issuer				Guarantor				Non-Guarantor				Consolidating				Consolidated
						Subsidiaries				Subsidiaries (as				Adjustments
										revised see
										Note 2)
Operating activities:
Net cash provided by (used in) operating activities		$	(84,363	)		$	90,996			$	81,260			$	—			$	87,893

Investing activities:
Acquisition of properties			—				—				(190,150	)			—				(190,150	)
Capital expenditures			—				(25,427	)			(44,248	)			—				(69,675	)
Investments in and contributions to unconsolidated entities			—				(3,776	)			—				—				(3,776	)
Distributions from unconsolidated entities			—				3,445				—				—				3,445
Payment of collateral on loan payable											(11,167	)			—				(11,167	)
Issuance of mortgage loans receivable			—				—				(869	)			—				(869	)
Principal payments received on mortgage loans receivable			—				—				4,790				—				4,790
Proceeds from sale of properties			—				1,500				—				—				1,500
Other			—				63				7				—				70
Changes in restricted cash			46				(2,892	)			(2,786	)			—				(5,632	)
Intercompany financing			93,222				—				—				(93,222	)			—

Net cash provided by (used in) investing activities			93,268				(27,087	)			(244,423	)			(93,222	)			(271,464	)

Financing activities:
Redemptions of common stock			(9,590	)			—				—				—				(9,590	)
Distributions to stockholders, net of distribution reinvestments			(94,677	)			—				—				—				(94,677	)
Proceeeds under line of credit			—				170,000				—				—				170,000
Proceeds from mortgage loans and other notes payable			—				45,000				107,300				—				152,300
Principal payments on line of credit			—				(75,000	)			—				—				(75,000	)
Principal payments on mortgage loans			—				(7,830	)			(26,836	)			—				(34,666	)
Principal payments on capital leases			—				(1,483	)			(2,624	)			—				(4,107	)
Payment of loan costs			(27	)			(4,341	)			(5,937	)			—				(10,305	)
Intercompany financing			—				(187,398	)			94,176				93,222				—

Net cash provided by (used in) financing activities			(104,294	)			(61,052	)			166,079				93,222				93,955

Effect of exchange rate fluctuation on cash			—				—				1				—				1

Net increase (decrease) in cash			(95,389	)			2,857				2,917				—				(89,615	)
Cash at beginning of period			134,608				11,268				16,963				—				162,839

Cash at end of period		$	39,219			$	14,125			$	19,880			$	—			$	73,224

Organization_and_Nature_of_Bus1

Organization and Nature of Business - Additional Information (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2014
	Property	Property
Organization And Nature Of Business [Line Items]
Number of real estate properties		105
Number of properties sold	5
Number of properties held for sale	5	55
Unconsolidated Joint Ventures
Organization And Nature Of Business [Line Items]
Number of real estate properties		8
Golf Facilities
Organization And Nature Of Business [Line Items]
Number of properties sold		48
Senior Housing Property
Organization And Nature Of Business [Line Items]
Number of properties held for sale		38
Sale of properties		790
Marinas Property
Organization And Nature Of Business [Line Items]
Number of properties held for sale		17
Canada
Organization And Nature Of Business [Line Items]
Number of real estate properties		3
Minimum
Organization And Nature Of Business [Line Items]
Long-term lease		5 years
Maximum
Organization And Nature Of Business [Line Items]
Long-term lease		20 years

Significant_Accounting_Policie2

Significant Accounting Policies - Additional Information (Detail) (USD $)	3 Months Ended	12 Months Ended			1 Months Ended	3 Months Ended
	Dec. 31, 2012	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Jul. 31, 2013	Sep. 30, 2013
	Dec. 31, 2012	Segment	Property	Dec. 31, 2012	Property	Sep. 30, 2013
Accounting Policies [Line Items]
Accumulated amortization of long-term debt financing costs		$30,900,000	$22,900,000
Amount of understatement in the prior period consolidated financial statements of other operating expenses expenses	2,200,000	5,328,000	4,471,000	6,496,000
Out of period adjustments to increase net loss	-3,800,000
Number of properties sold			5
Gain (loss) of unconsolidated entities			55,394,000
Number of reportable segments		1
Percentage of net revenue		10.00%
Joint Venture Agreement
Accounting Policies [Line Items]
Number of properties sold					42
Aggregate proceed from sale of interest in joint venture					195,400,000
Gain (loss) of unconsolidated entities					55,400,000	1,900,000
Lease Termination Costs
Accounting Policies [Line Items]
Quantifying misstatement in Current year financial statements, amount	$1,600,000
Minimum
Accounting Policies [Line Items]
Percentage of taxable income and capital gains required to be distributed not to be subjected to federal corporate income taxes		100.00%
Building and Building Improvements \| Maximum
Accounting Policies [Line Items]
Depreciation period for property		39 years

Schedule_of_Acquired_Propertie

Schedule of Acquired Properties (Detail) (USD $)	0 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Aug. 12, 2011	Jul. 23, 2006	Dec. 31, 2014		Dec. 31, 2013
Business Acquisition [Line Items]
Purchase Price	$10,500	$45,000	$153,900		$244,859
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
The Stratford Continuing Care Retirement Community - One Senior Housing Property
Business Acquisition [Line Items]
Product/Description					The Stratford Continuing Care Retirement Community - One senior housing property
Location					Indiana
Date of Acquisition					28-Jun-13
Purchase Price					22,000	[3]
Pioneer Village - One Senior Housing Property
Business Acquisition [Line Items]
Product/Description					Pioneer Village - One senior housing property
Location					Oregon
Date of Acquisition					31-Jul-13
Purchase Price					14,850
Bozeman Lodge - One Senior Housing Property
Business Acquisition [Line Items]
Product/Description					Bozeman Lodge - One senior housing property
Location					Montana
Date of Acquisition					9-Aug-13
Purchase Price					31,000
Wet n Wild Palm Springs One Attractions Property
Business Acquisition [Line Items]
Product/Description					Wet 'n' Wild Palm Springs - One attractions property
Location					California
Date of Acquisition					12-Aug-13
Purchase Price					15,601	[4]
Wet n Wild Phoenix - One Attractions Property
Business Acquisition [Line Items]
Product/Description					Wet 'n' Wild Phoenix - One attractions property
Location					Arizona
Date of Acquisition					26-Nov-13
Purchase Price					33,000
Morning Star at Dayton Place - One Senior Housing Property
Business Acquisition [Line Items]
Product/Description					MorningStar at Dayton Place - One senior housing property
Location					Colorado
Date of Acquisition					13-Dec-13
Purchase Price					29,908
Chateau Vestavia - One Senior Housing Property
Business Acquisition [Line Items]
Product/Description					Chateau Vestavia - One senior housing property
Location					Alabama
Date of Acquisition					20-Dec-13
Purchase Price					18,500
Pacifica Peoria- One Senior Housing Property
Business Acquisition [Line Items]
Product/Description					Pacifica Peoria - One senior housing property
Location					Arizona
Date of Acquisition					20-Dec-13
Purchase Price					13,250
Pacifica Portland - One Senior Housing Property
Business Acquisition [Line Items]
Product/Description					Pacifica Portland - One senior housing propert
Location					Oregon
Date of Acquisition					20-Dec-13
Purchase Price					27,250
Pacifica Santa Clarita - One Senior Housing Property
Business Acquisition [Line Items]
Product/Description					Pacifica Santa Clarita - One senior housing property
Location					California
Date of Acquisition					20-Dec-13
Purchase Price					19,250
Pacifica Sun City - One Senior Housing Property
Business Acquisition [Line Items]
Product/Description					Pacifica Sun City - One senior housing property
Location					Florida
Date of Acquisition					20-Dec-13
Purchase Price					$20,250

[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.
[3]	Amount shown is net of the present value of entrance fee liabilities assumed on date of acquisition of approximately $13.8 million.
[4]	In connection with the acquisition, the Company recorded approximately $2.7 million in bargain purchase gain 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.

Schedule_of_Acquired_Propertie1

Schedule of Acquired Properties (Parenthetical) (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Long-term triple-net lease inclusive of renewal options, initial term	10 years
Assumption of entrance fee liabilities		$13,810,000
Bargain purchase gain recognized		2,653,000
Senior Housing Properties
Business Acquisition [Line Items]
Principal outstanding balance of loans assumed through acquisition	25,500,000
The Stratford Continuing Care Retirement Community - One Senior Housing Property
Business Acquisition [Line Items]
Assumption of entrance fee liabilities		$13,810,000

Summary_of_Purchase_Price_Allo

Summary of Purchase Price Allocation (Detail) (USD $)	0 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Aug. 12, 2011	Jul. 23, 2006	Dec. 31, 2014		Dec. 31, 2013
Business Combination, Transactions [Line Items]
In-place lease intangibles			$1,723	[1]	$5,141	[2]
Other liabilities			-900		-13,810
Net assets acquired			128,390		247,512
Other assets					703
Bargain purchase gain					-2,653
Total purchase price consideration	10,500	45,000	153,900		244,859
Trade name intangibles
Business Combination, Transactions [Line Items]
Intangibles					2,291
Other intangibles
Business Combination, Transactions [Line Items]
Intangibles			4,566
Land and land improvements
Business Combination, Transactions [Line Items]
Net assets acquired			25,213		32,998
Leasehold interests and improvements
Business Combination, Transactions [Line Items]
Net assets acquired					8,715
Buildings
Business Combination, Transactions [Line Items]
Net assets acquired			120,059		184,131
Equipment
Business Combination, Transactions [Line Items]
Net assets acquired			5,127		27,343
Repossessed And Foreclosed Asset
Business Combination, Transactions [Line Items]
Assumed mortgages			($27,398)

[1]	The weighted-average amortization period for intangible in-place leases acquired are 10 years as of the date of acquisition.
[2]	The weighted-average amortization period for intangible in-place leases acquired range between 2.5 years to 15 years as of the date of acquisition.

Summary_of_Purchase_Price_Allo1

Summary of Purchase Price Allocation (Parenthetical) (Detail) (In place leases)	12 Months Ended
	Dec. 31, 2014
Business Combination, Transactions [Line Items]
Weighted-average amortization period for intangible lease	10 years
Minimum
Business Combination, Transactions [Line Items]
Weighted-average amortization period for intangible lease	2 years 6 months
Maximum
Business Combination, Transactions [Line Items]
Weighted-average amortization period for intangible lease	15 years

Schedule_of_Real_Estate_Invest

Schedule of Real Estate Investment Properties (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Real Estate Properties [Line Items]
Less: accumulated depreciation and amortization	($615,957)	($765,948)
Real estate investment properties, net	1,136,451	2,068,973
Land and land improvements
Real Estate Properties [Line Items]
Real estate investment properties, Total	550,776	904,409
Leasehold interests and improvements
Real Estate Properties [Line Items]
Real estate investment properties, Total	180,551	311,560
Building and Building Improvements
Real Estate Properties [Line Items]
Real estate investment properties, Total	406,781	926,098
Equipment
Real Estate Properties [Line Items]
Real estate investment properties, Total	$614,300	$692,854

Real_Estate_Investment_Propert2

Real Estate Investment Properties Net - Additional Information (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
	Dec. 31, 2014	Property	Dec. 31, 2012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation and amortization expenses	$98	$93.90	$86.90
Impairment Provision of discontinued operations	25.4
Number of properties sold		5
Unimproved Land
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Impairment Provision of discontinued operations	$5
Golf Facilities
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of properties sold	48

Recovered_Sheet1

Assets Held for Sale, Net and Discontinued Operations - Additional Information (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
	Property	Property
Assets Held for Sale and Discontinued Operations [Line Items]
Number of properties sold		5
Aggregate net sales proceeds from sale of properties	$384.30	$12.40
Aggregate gain of properties sold		2.4
Note received from the sale		0.3
Number of properties held for sale	55	5
Gain or loss on sale of properties	4.1
Number of properties previously classified as held for sale reclassified as held and used		4
Impairment provision of properties held for sale	25.4
Senior Housing Property
Assets Held for Sale and Discontinued Operations [Line Items]
Number of properties held for sale	38
Sale of properties	790
Marinas Property
Assets Held for Sale and Discontinued Operations [Line Items]
Number of properties held for sale	17
Impairment provision of properties held for sale	$33.40
Golf Facilities
Assets Held for Sale and Discontinued Operations [Line Items]
Number of properties sold	48
Multi Family Residential
Assets Held for Sale and Discontinued Operations [Line Items]
Number of properties sold	1

Properties_Classified_as_Asset

Properties Classified as Assets Held for Sale (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Long Lived Assets Held-for-sale [Line Items]
Real estate investment properties, net	$699,816	$90,794
Land and land improvements
Long Lived Assets Held-for-sale [Line Items]
Real estate investment properties, net	91,726	40,097
Leasehold interests and improvements
Long Lived Assets Held-for-sale [Line Items]
Real estate investment properties, net	52,571
Building and Building Improvements
Long Lived Assets Held-for-sale [Line Items]
Real estate investment properties, net	500,946	47,989
Equipment
Long Lived Assets Held-for-sale [Line Items]
Real estate investment properties, net	25,380	2,708
Deferred Rent And Lease Incentives
Long Lived Assets Held-for-sale [Line Items]
Real estate investment properties, net	4,490
Other Assets
Long Lived Assets Held-for-sale [Line Items]
Real estate investment properties, net	3,372
Restricted cash
Long Lived Assets Held-for-sale [Line Items]
Real estate investment properties, net	10,844
Intangibles, net
Long Lived Assets Held-for-sale [Line Items]
Real estate investment properties, net	$10,487

Summary_of_Income_or_Loss_from

Summary of Income or Loss from Discontinued Operations (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	$178,887	$160,604	$133,818
Expenses	-115,773	-111,807	-111,224
Depreciation and amortization	-36,709	-55,852	-48,077
Impairment provision	-37,867	-219,502	-670
Operating loss	-11,462	-226,557	-26,153
Gain from sale of properties	4,144	2,408	288
Loss on extinguishment of debt	-4,818
Other expense	-19,570	-16,968	-13,149
Loss from discontinued operations	($31,706)	($241,117)	($39,014)

Gross_Carrying_Amount_and_Accu

Gross Carrying Amount and Accumulated Amortization of Intangible Assets (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$23,136	$56,224
Accumulated Amortization	-5,110	-19,302
Net Book Value	18,026	36,922
In place leases
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	12,295	34,745
Accumulated Amortization	-5,110	-17,513
Net Book Value	7,185	17,232
Trade name (infinite-lived)
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	10,841	12,419
Net Book Value	10,841	12,419
Trade name (finite-lived)
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount		9,060
Accumulated Amortization		-1,789
Net Book Value		$7,271

Intangible_Assets_Net_Addition

Intangible Assets Net - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Intangible Assets Disclosure [Line Items]
Trade name intangibles		$4,200,000
Amortization of intangible assets	700,000	600,000	600,000
Write off lease intangibles related to lease terminations		-93,000
Lease termination
Intangible Assets Disclosure [Line Items]
Write off lease intangibles related to lease terminations	$0	$100,000	$2,500,000

Estimated_Future_Amortization_

Estimated Future Amortization Expense of Intangible Assets (Detail) (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified	Dec. 31, 2014
Finite Lived Intangible Assets And Liabilities Future Amortization Expense [Line Items]
2015	$666
2016	666
2017	645
2018	551
2019	567
Thereafter	4,090
Total	$7,185

Operating_Leases_Additional_In

Operating Leases - Additional Information (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Schedule of Operating Leases [Line Items]
Triple-net lease, total percentage rent	$2.90	$2.50	$1.80
Triple-net lease, capital improvement reserve rent	23.9	21	19.9
Total annualized property taxes	$8.60	$11.90	$12.70
Long-Term Triple Net Lease Agreements
Schedule of Operating Leases [Line Items]
Properties leased under long-term, triple-net leases to third-parties	42

Schedule_of_Future_Minimum_Lea

Schedule of Future Minimum Lease Payments (Detail) (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified	Dec. 31, 2014
Operating Leased Assets [Line Items]
2015	$120,612
2016	122,632
2017	124,719
2018	126,368
2019	127,461
Thereafter	1,066,109
Total	$1,687,901

Variable_Interest_and_Unconsol2

Variable Interest and Unconsolidated Entities - Additional Information (Detail) (USD $)	12 Months Ended					1 Months Ended	3 Months Ended	1 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012	Jul. 31, 2013	Sep. 30, 2013	Jan. 31, 2015	Mar. 25, 2015
	Property		Property			Property
			Entity
			Option
Variable Interest Entity [Line Items]
Number of wholly-owned subsidiaries			4
Number of buy out options exercisable			3
Number of remaining buy out options exercisable			4
Remaining buy-out options become exercisable in year			2018-07
Maximum exposure to loss on investment	$151,800,000		$113,100,000
Number of properties sold			5
Gain (loss) of unconsolidated entities			55,394,000
Number of properties held for sale reclassified to be held and used	105
Total Debt Obligation	198,200,000		202,200,000
Payment of mortgage loan	365,224,000		18,800,000		34,666,000
Joint Venture Agreement
Variable Interest Entity [Line Items]
Number of properties sold						42
Aggregate proceed from sale of interest in joint venture						195,400,000
Gain (loss) of unconsolidated entities						55,400,000	1,900,000
Equity ownership in number of companies	2		2		5
Intrawest Venture
Variable Interest Entity [Line Items]
Payment of mortgage loan								20,000,000
Mortgage loan maturity date								2015-01
Intrawest Venture \| Joint Venture Agreement
Variable Interest Entity [Line Items]
Maximum exposure to loss on investment	22,700,000		25,200,000
DMC Partnership
Variable Interest Entity [Line Items]
Company's ownership percentage	81.98%	[1]	81.98%	[1]
DMC Partnership \| Subsequent Event
Variable Interest Entity [Line Items]
Company's ownership percentage									81.98%
Minimum
Variable Interest Entity [Line Items]
Remaining four buy-out options expiration year			2020
Minimum \| Intrawest Venture \| Joint Venture Agreement
Variable Interest Entity [Line Items]
Number of properties held for sale reclassified to be held and used	6
Maximum
Variable Interest Entity [Line Items]
Remaining four buy-out options expiration year			2030
Maximum \| Intrawest Venture \| Joint Venture Agreement
Variable Interest Entity [Line Items]
Number of properties held for sale reclassified to be held and used	7
Canada Revenue Agency
Variable Interest Entity [Line Items]
Maximum exposure to loss on investment	14,000,000
Accruals for loss on investment	$1,500,000

[1]	As of December 31, 2014 and 2013, the Company's share of partners' capital determined under HLBV was approximately $119.6 million and $124.9 million, respectively, and the total difference between the carrying amount of the investment and the Company's share of partners' capital determined under HLBV was approximately $7.5 million and $7.4 million, respectively.

Aggregate_Carrying_Amount_and_

Aggregate Carrying Amount and Major Classifications of Consolidated Assets and Liabilities (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Assets
Real estate investment properties, net	$158,589	$184,306
Assets held for sale	12,953
Other assets	26,376	29,075
Liabilities
Mortgages and other notes payable	30,412	87,095
Other liabilities	$15,695	$13,214

Summary_of_Financial_Informati

Summary of Financial Information of Unconsolidated Entities (Detail) (USD $)	3 Months Ended									12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013		Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Schedule of Unconsolidated Entities [Line Items]
Revenues	$61,707	$144,551	$94,657	$72,380	$61,345	$137,766	[1]	$93,375	$70,004	$373,295		$362,490		$349,527
Property operating expenses										-190,165		-187,581		-185,538
Depreciation and amortization										-98,664		-94,459		-87,479
Interest and other income (expense)										838		559		850
Income (loss) from continuing operations	-63,571	30,086	-15,071	-11,882	-24,998	84,846	[1]	-50,864	-20,406	-60,438		-11,422		-37,059
Discontinued operations										-31,706		-241,117		-39,014
Equity in earnings (loss) of unconsolidated entities	804	3,176	-526	4,299	2,518	4,147	[1]	6,159	-1,123	7,753		11,701		5,521
CNLSun I Venture
Schedule of Unconsolidated Entities [Line Items]
Revenues												71,287	[2]	137,897
Property operating expenses												-45,999	[2]	-87,910
Depreciation and amortization												-10,994	[2]	-23,154
Interest expense												-16,154	[2]	-32,615
Interest and other income (expense)												20	[2]	372
Income (loss) from continuing operations												-1,840	[2]	-5,410
Net income (loss)												-1,840	[2]	-5,410
Income (loss) allocable to other venture partners												-1,341	[2],[3]	-7,084	[3]
Income (loss) allocable to the Company												-499	[2],[3]	1,674	[3]
Amortization of capitalized costs												-1,305	[2]	-2,610
Equity in earnings (loss) of unconsolidated entities												-1,804	[2]	-936
Distribution declared to the Company												7,797	[2]	15,709
Distributions received by the Company												11,750	[2],[4]	15,665
CNLSun II Venture
Schedule of Unconsolidated Entities [Line Items]
Revenues												19,654	[2]	37,301
Property operating expenses												-15,439	[2]	-27,525
Depreciation and amortization												-2,244	[2]	-4,991
Interest expense												-2,057	[2]	-4,899
Interest and other income (expense)														-368
Income (loss) from continuing operations												-86	[2]	-482
Net income (loss)												-86	[2]	-482
Income (loss) allocable to other venture partners												-8	[2],[3]	-407	[3]
Income (loss) allocable to the Company												-78	[2],[3]	-75	[3]
Amortization of capitalized costs												-431	[2]	-862
Equity in earnings (loss) of unconsolidated entities												-509	[2]	-937
Distribution declared to the Company												1,039	[2]	5,094
Distributions received by the Company												1,567	[2],[4]	5,189	[4]
CNLSun III Venture
Schedule of Unconsolidated Entities [Line Items]
Revenues												21,549	[2]	43,087
Property operating expenses												-14,609	[2]	-29,131
Depreciation and amortization												-2,874	[2]	-6,457
Interest expense												-2,928	[2]	-5,858
Interest and other income (expense)														28
Income (loss) from continuing operations												1,138	[2]	1,669
Net income (loss)												1,138	[2]	1,669
Income (loss) allocable to other venture partners												1,788	[2],[3]	-1,346	[3]
Income (loss) allocable to the Company												-650	[2],[3]	3,015	[3]
Amortization of capitalized costs												-172	[2]	-345
Equity in earnings (loss) of unconsolidated entities												-822	[2]	2,670
Distribution declared to the Company												1,660	[2]	7,776
Distributions received by the Company												4,965	[2],[4]	5,256	[4]
DMC Partnership
Schedule of Unconsolidated Entities [Line Items]
Revenues										28,519		28,062		27,858
Property operating expenses										-776	[5]	-796		-2,963	[6]
Depreciation and amortization										-9,114		-9,182		-9,040
Interest expense										-8,175		-7,908		-8,260
Interest and other income (expense)										-35		3		28
Income (loss) from continuing operations										10,419		10,179		7,623
Net income (loss)										10,419		10,179		7,623
Income (loss) allocable to other venture partners										1,602	[3]	-1,166	[3]	-1,810	[3]
Income (loss) allocable to the Company										8,817	[3]	11,345	[3]	9,433	[3]
Amortization of capitalized costs										-298		-433		-471
Equity in earnings (loss) of unconsolidated entities										8,519		10,912		8,962
Distribution declared to the Company										11,345		11,345		11,345
Distributions received by the Company										11,345		11,337		11,353
Intrawest Venture
Schedule of Unconsolidated Entities [Line Items]
Revenues										17,454		17,054		16,874
Property operating expenses										-9,802	[5]	-9,744		-14,679
Depreciation and amortization										-6,005				-3,342
Interest expense										-4,891		-5,874		-4,833
Interest and other income (expense)										88		9		102
Income (loss) from continuing operations										-3,156		1,445		-5,878
Discontinued operations										987		1,101	[5]	310	[5]
Net income (loss)										-2,169		2,546		-5,568
Income (loss) allocable to other venture partners										-1,612	[3],[7]	-1,611	[3],[7]	-1,564	[3],[7]
Income (loss) allocable to the Company										-557	[3]	4,157	[3]	-4,004	[3]
Amortization of capitalized costs										-209		-233		-234
Equity in earnings (loss) of unconsolidated entities										-766		3,924		-4,238
Distribution declared to the Company										2,277		1,998		3,096
Distributions received by the Company										2,152		2,427		2,725
Total
Schedule of Unconsolidated Entities [Line Items]
Revenues										45,973		157,606		263,017
Property operating expenses										-10,578	[5]	-86,587		-162,208
Depreciation and amortization										-15,119		-25,294		-46,984
Interest expense										-13,066		-34,921		-56,465
Interest and other income (expense)										53		32		162
Income (loss) from continuing operations										7,263		10,836		-2,478
Discontinued operations										987		1,101	[5]	310	[5]
Net income (loss)										8,250		11,937		-2,168
Income (loss) allocable to other venture partners										-10	[3]	-2,338	[3]	-12,211	[3]
Income (loss) allocable to the Company										8,260	[3]	14,275	[3]	10,043	[3]
Amortization of capitalized costs										-507		-2,574		-4,522
Equity in earnings (loss) of unconsolidated entities										7,753		11,701		5,521
Distribution declared to the Company										13,622		23,839		43,020
Distributions received by the Company										$13,497		$32,046		$40,188

[1]	Includes impact from out of period adjustments as described in "Footnote 2 - Significant Accounting Policies".
[2]	On July 1, 2013, the Company completed the sale of its interest in 42 senior housing properties held through CNLSun I, CNLSun II and CNLSun III ventures as discussed above. As such, summarized operating data for those ventures is reported through June 30, 2013.
[3]	Income is allocated between the Company and its venture partners using the hypothetical liquidation book value ("HLBV") method of accounting.
[4]	For the year ended December 31, 2013, distributions received by the Company includes approximately $4.0 million, $0.5 million and $0.8 million in return of capital on the CNLSun I, CNLSun II and CNLSun III ventures, respectively. For the year ended December 31, 2012, distributions received by the Company includes approximately $1.5 million and $1.9 million in return of capital on the CNLSun II and CNLSun III ventures, respectively.
[5]	During the year ended December 31, 2012, the venture recorded an impairment of $4.5 million when it determined that the carrying value of one of its properties was higher than the net realizable value. No impairments were recorded for the years ended December 31, 2014 and 2013.
[6]	During the year ended December 31, 2012, the DMC Partnership incurred approximately $2.3 million in acquisition costs relating to a potential acquisition that was ultimately not pursued.
[7]	This amount represents the venture partner's portion of interest expense on a loan which the partners made to the venture. These amounts are treated as distributions for the purposes of the HLBV calculation.

Summary_of_Financial_Informati1

Summary of Financial Information of Unconsolidated Entities (Parenthetical) (Detail) (USD $)	12 Months Ended			1 Months Ended	0 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Jul. 31, 2013	Jul. 01, 2013
	Property	Property	Dec. 31, 2012	Property	Property
Schedule of Unconsolidated Entities [Line Items]
Distributions received by the Company			$3,445,000
Number of properties held for sale	55	5
Acquisition fees and costs	664,000	2,467,000	3,224,000
Number of properties sold		5
Joint Venture Agreement
Schedule of Unconsolidated Entities [Line Items]
Number of properties sold				42
CNLSun I Venture
Schedule of Unconsolidated Entities [Line Items]
Distributions received by the Company		4,000,000
CNLSun II Venture
Schedule of Unconsolidated Entities [Line Items]
Distributions received by the Company		500,000
Distribution representing return of capital			1,500,000
CNLSun III Venture
Schedule of Unconsolidated Entities [Line Items]
Distributions received by the Company		800,000
Distribution representing return of capital			1,900,000
DMC Partnership
Schedule of Unconsolidated Entities [Line Items]
Acquisition fees and costs			2,300,000
Intrawest Venture
Schedule of Unconsolidated Entities [Line Items]
Impairment loss	$0	$0	$4,500,000
Number of properties held for sale	1
Unconsolidated Properties \| Joint Venture Agreement
Schedule of Unconsolidated Entities [Line Items]
Number of properties sold					42

Summarized_Balance_Sheet_Data_

Summarized Balance Sheet Data of Unconsolidated Entities (Detail) (USD $)	Dec. 31, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013
Schedule of Unconsolidated Entities [Line Items]
Real estate assets, net	$1,136,451		$2,068,973
Assets held for sale	12,953
Other assets	36,639		52,310
Mortgages and other notes payable	550,504		760,192
Other liabilities	60,478		76,816
Carrying amount of investment	127,102		132,324
DMC Partnership
Schedule of Unconsolidated Entities [Line Items]
Real estate assets, net	221,986		228,755
Other assets	15,642		13,297
Mortgages and other notes payable	131,500		131,860
Other liabilities	6,795		5,551
Partners' capital	99,333		104,641
Carrying amount of investment	104,402	[1]	107,162	[1]
Company's ownership percentage	81.98%	[1]	81.98%	[1]
Intrawest Venture
Schedule of Unconsolidated Entities [Line Items]
Real estate assets, net	61,936
Assets held for sale	14,050		81,661
Other assets	14,557		15,799
Mortgages and other notes payable	66,690		70,292
Other liabilities	18,537		17,075
Partners' capital	5,316		10,093
Carrying amount of investment	22,700	[1]	25,162	[1]
Company's ownership percentage	80.00%	[1]	80.00%	[1]
Total
Schedule of Unconsolidated Entities [Line Items]
Real estate assets, net	283,922		228,755
Assets held for sale	14,050		81,661
Other assets	30,199		29,096
Mortgages and other notes payable	198,190		202,152
Other liabilities	25,332		22,626
Partners' capital	104,649		114,734
Carrying amount of investment	$127,102	[1]	$132,324	[1]

[1]	As of December 31, 2014 and 2013, the Company's share of partners' capital determined under HLBV was approximately $119.6 million and $124.9 million, respectively, and the total difference between the carrying amount of the investment and the Company's share of partners' capital determined under HLBV was approximately $7.5 million and $7.4 million, respectively.

Summarized_Balance_Sheet_Data_1

Summarized Balance Sheet Data of Unconsolidated Entities (Parenthetical) (Detail) (HLBV, USD $)	Dec. 31, 2014	Dec. 31, 2013
HLBV
Schedule of Unconsolidated Entities [Line Items]
Share of partners capital	$119,600,000	$124,900,000
Difference between carrying amount of the investment and partners capital	$7,500,000	$7,400,000

Mortgages_and_Other_Notes_Rece2

Mortgages and Other Notes Receivable, Net - Additional Information (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds in repayment of loans	$83.50
Estimated fair market value of company's mortgages and other notes receivable	$16.60	$112.20

Mortgages_and_Other_Notes_Rece3

Mortgages and Other Notes Receivable (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrued interest	$864		$5,655
Loan Principal Balance	20,015		117,014
Acquisition fees, net	46		97
Loan loss provision	-1,564	[1],[2]	-4,803	[1],[2]
Loan Principal Balance, total carrying amount	19,361		117,963
Interest Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrued interest	864
Big Sky Resort
Accounts, Notes, Loans and Financing Receivable [Line Items]
Date of Loan Agreement(s)	23-Sep-08
Loan receivable, maturity date	NaN, NaN	[3]
Interest Rate	12.00%
Loan Principal Balance			68,000
CMR Properties, LLC and CM Resort, LLC (one ski property)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Date of Loan Agreement(s)	15-Jun-10	[2]
Loan receivable, maturity date	30-Sep-22	[2]
Loan Principal Balance	16,620	[2]	16,620	[2]
CMR Properties, LLC and CM Resort, LLC (one ski property) \| Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Rate	9.00%	[2]
CMR Properties, LLC and CM Resort, LLC (one ski property) \| Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Rate	11.00%	[2]
CMR Properties, LLC and CM Resort, LLC (one ski property) \| Interest Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrued interest	840	[2]
Boyne USA, Inc. (four ski resorts)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Date of Loan Agreement(s)	10-Aug-09
Loan receivable, maturity date	NaN, NaN	[3]
Loan Principal Balance			13,896
Boyne USA, Inc. (four ski resorts) \| Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Rate	6.30%
Boyne USA, Inc. (four ski resorts) \| Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Rate	15.00%
Evergreen Alliance Golf Limited, L.P.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Date of Loan Agreement(s)	12-Nov-10	[1]
Loan receivable, maturity date	NaN, NaN	[1]
Loan Principal Balance			5,781	[1]
Evergreen Alliance Golf Limited, L.P. \| LIBOR
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loan receivable, interest rate above LIBOR	4.00%	[1]
PARC Myrtle Waves, LLC (one attractions property)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Date of Loan Agreement(s)	10-Feb-11	[4]
Loan receivable, maturity date	NaN, NaN	[4]
Interest Rate	7.50%	[4]
Loan Principal Balance			9,000	[4]
Loan loss provision			-1,300
Grand Prix Tampa, LLC (one attractions property)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Date of Loan Agreement(s)	31-Jul-11
Loan receivable, maturity date	31-Jul-16
Interest Rate	8.50%
Loan Principal Balance	3,395		3,442
Grand Prix Tampa, LLC (one attractions property) \| Interest Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrued interest	24
RSA Properties, Misson Hills (one golf facility)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Date of Loan Agreement(s)	28-Mar-13
Loan receivable, maturity date	NaN, NaN	[3]
Interest Rate	9.00%
Loan Principal Balance			$275

[1]	During 2014, the Company recorded a loan provision of $3.3 million and collected the remaining balance of $1.3 million relating to this loan.
[2]	In December 2013, one of the Company's borrowers approached the Company about modifying the terms of their debt service payments due to its current financial challenges. In anticipation of providing payment concessions to the borrower, the Company recorded a loan loss provision of approximately $1.8 million representing the difference between the expected future cash flows discounted at the original loan's effective interest rate and the net carrying value of the loan.
[3]	The Company collected the outstanding balances during the year ended December 31, 2014.
[4]	During the year ended December 31, 2013, the Company recorded an additional loan loss provision of approximately $1.3 million in anticipation of the foreclosure of an attractions property that served as collateral on one of its other existing loans. The estimated fair value of the collateral was $7.9 million, which approximated the carrying value of the loan. The attractions property was foreclosed during the year ended December 31, 2014.

Mortgages_and_Other_Notes_Rece4

Mortgages and Other Notes Receivable (Parenthetical) (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan loss provision under troubled debt restructure	$3,300,000
Proceed from mortgage loan receivable	1,300,000
Loan loss provision	1,564,000	[1],[2]	4,803,000	[1],[2]
Estimated fair value of collateral	7,900,000
Borrowers Experiencing Financial Difficulties
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan loss provision			1,800,000
Other Existing loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan loss provision			$1,300,000

[1]	In December 2013, one of the Company's borrowers approached the Company about modifying the terms of their debt service payments due to its current financial challenges. In anticipation of providing payment concessions to the borrower, the Company recorded a loan loss provision of approximately $1.8 million representing the difference between the expected future cash flows discounted at the original loan's effective interest rate and the net carrying value of the loan.
[2]	During 2014, the Company recorded a loan provision of $3.3 million and collected the remaining balance of $1.3 million relating to this loan.

Future_Principal_Maturities_fo

Future Principal Maturities for Mortgages and other Notes Receivable (Detail) (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
2015	$57
2016	3,338
2017	0
2018	0
2019	0
Thereafter	16,620
Total	$20,015

Schedule_of_Mortgages_and_Othe

Schedule of Mortgages and Other Notes Payable (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Apr. 30, 2011
Debt Instrument [Line Items]
Mortgage debt	$550,504,000		$760,192,000
Senior notes					400,000,000
Mortgage debt, Gross	867,163,000		1,156,916,000
Mortgage debt, Premium (Discount)	187,000		-2,305,000
Mortgage debt, net	867,350,000		1,154,611,000
Variable Rate Debt
Debt Instrument [Line Items]
Mortgage debt	217,810,000		278,950,000
Variable Rate Debt \| Mortgage Debt One
Debt Instrument [Line Items]
Mortgage debt			61,042,000
Mortgage Debt, interest rate terms	30-day LIBOR + 1.3%	[1]
Mortgage Debt, interest rate basis point above reference rate	1.30%	[1]
Collateral	1 multi-family residential property
Variable Rate Debt \| Mortgage Debt Two
Debt Instrument [Line Items]
Mortgage debt			24,811,000
Mortgage Debt, interest rate terms	30-day LIBOR + 3.0%	[1]
Mortgage Debt, interest rate basis point above reference rate	3.00%	[1]
Collateral	1 hotel property
Variable Rate Debt \| Mortgage Debt Three
Debt Instrument [Line Items]
Mortgage debt	8,402,000		8,746,000
Mortgage debt, Maturity Date	1-Sep-19
Mortgage Debt, interest rate terms	30-day LIBOR + 3.3%	[1],[2]
Mortgage Debt, interest rate basis point above reference rate	3.30%	[1],[2]
Collateral	1 ski and mountain lifestyle property
Approximate Carrying Value of Collateral	19,700,000
Variable Rate Debt \| Mortgage Debt Four
Debt Instrument [Line Items]
Mortgage debt			16,603,000	[3]
Mortgage Debt, interest rate terms	CDOR + 3.8%	[1]
Mortgage Debt, interest rate basis point above reference rate	3.80%	[1]
Collateral	1 ski and mountain lifestyle property
Variable Rate Debt \| Mortgage Debt Five
Debt Instrument [Line Items]
Mortgage debt	14,550,000		15,450,000
Mortgage debt, Maturity Date	31-Dec-15
Mortgage Debt, interest rate terms	30-day LIBOR + 4.5%	[1],[2]
Mortgage Debt, interest rate basis point above reference rate	4.50%	[1],[2]
Collateral	1 ski and mountain lifestyle property
Approximate Carrying Value of Collateral	29,600,000
Variable Rate Debt \| Mortgage Debt Six
Debt Instrument [Line Items]
Mortgage debt	20,781,000		21,000,000
Mortgage debt, Maturity Date	30-Nov-15
Mortgage Debt, interest rate terms	30-day LIBOR + 3.0%	[1]
Mortgage Debt, interest rate basis point above reference rate	3.00%	[1]
Collateral	1 attractions property
Approximate Carrying Value of Collateral	47,900,000
Variable Rate Debt \| Mortgage Debt Seven
Debt Instrument [Line Items]
Mortgage debt	30,000,000		30,000,000
Mortgage debt, Maturity Date	1-Apr-16
Mortgage Debt, interest rate terms	30-day LIBOR + 3.5%	[1]
Mortgage Debt, interest rate basis point above reference rate	3.50%	[1]
Collateral	5 senior housing properties
Approximate Carrying Value of Collateral	39,100,000
Variable Rate Debt \| Mortgage Debt Eight
Debt Instrument [Line Items]
Mortgage debt	105,000,000		101,298,000
Mortgage debt, Maturity Date	20-Jun-15
Mortgage Debt, interest rate terms	30-day LIBOR + 2.5%	[1],[4]
Mortgage Debt, interest rate basis point above reference rate	2.50%	[1],[4]
Collateral	8 senior housing properties
Approximate Carrying Value of Collateral	135,800,000
Variable Rate Debt \| Mortgage Debt Nine
Debt Instrument [Line Items]
Mortgage debt	39,077,000
Mortgage debt, Maturity Date	5-Apr-17
Mortgage Debt, interest rate terms	30-day LIBOR + 1.5%-3.5%	[1]
Collateral	4 ski and mountain lifestyle property
Approximate Carrying Value of Collateral	154,300,000
Variable Rate Debt \| Mortgage Debt Nine \| Minimum
Debt Instrument [Line Items]
Mortgage Debt, interest rate basis point above reference rate	1.50%
Variable Rate Debt \| Mortgage Debt Nine \| Maximum
Debt Instrument [Line Items]
Mortgage Debt, interest rate basis point above reference rate	3.50%
Fixed Rate Debt
Debt Instrument [Line Items]
Total fixed rate debt	649,353,000		877,966,000
Fixed Rate Debt \| Mortgage Debt One
Debt Instrument [Line Items]
Mortgage debt			5,281,000
Mortgage Debt, stated interest rate	7.30%
Collateral	1 golf property
Fixed Rate Debt \| Mortgage Debt Two
Debt Instrument [Line Items]
Mortgage debt			84,993,000
Mortgage Debt, stated interest rate	6.10%
Collateral	19 golf properties and 1 ski lift attraction property
Approximate Carrying Value of Collateral	16,100,000
Fixed Rate Debt \| Mortgage Debt Three
Debt Instrument [Line Items]
Mortgage debt	57,711,000		59,212,000
Mortgage debt, Maturity Date	15-Oct-18
Collateral	8 senior housing properties
Approximate Carrying Value of Collateral	88,400,000
Fixed Rate Debt \| Mortgage Debt Three \| Minimum
Debt Instrument [Line Items]
Mortgage Debt, stated interest rate	4.35%
Fixed Rate Debt \| Mortgage Debt Three \| Maximum
Debt Instrument [Line Items]
Mortgage Debt, stated interest rate	4.50%
Fixed Rate Debt \| Mortgage Debt Four
Debt Instrument [Line Items]
Mortgage debt	18,939,000		19,301,000
Mortgage debt, Maturity Date	28-Sep-16
Mortgage Debt, stated interest rate	6.80%
Collateral	1 attractions lifestyle property
Approximate Carrying Value of Collateral	29,400,000
Fixed Rate Debt \| Mortgage Debt Five
Debt Instrument [Line Items]
Mortgage debt	95,908,000		100,715,000
Mortgage debt, Maturity Date	5-Apr-17
Mortgage Debt, stated interest rate	6.10%
Collateral	6 ski and mountain lifestyle properties
Approximate Carrying Value of Collateral	207,000,000
Fixed Rate Debt \| Mortgage Debt Six
Debt Instrument [Line Items]
Mortgage debt			48,090,000
Mortgage Debt, stated interest rate	6.10%
Collateral	2 hotel properties
Fixed Rate Debt \| Mortgage Debt Seven
Debt Instrument [Line Items]
Mortgage debt	11,358,000		11,980,000
Collateral	3 marina properties
Approximate Carrying Value of Collateral	24,900,000
Fixed Rate Debt \| Mortgage Debt Seven \| Minimum
Debt Instrument [Line Items]
Mortgage debt, Maturity Date	1-Sep-16
Mortgage Debt, stated interest rate	6.30%
Fixed Rate Debt \| Mortgage Debt Seven \| Maximum
Debt Instrument [Line Items]
Mortgage debt, Maturity Date	1-Dec-16
Mortgage Debt, stated interest rate	6.50%
Fixed Rate Debt \| Mortgage Debt Eight
Debt Instrument [Line Items]
Mortgage debt	16,368,000		16,795,000
Mortgage debt, Maturity Date	5-Oct-18
Mortgage Debt, stated interest rate	4.40%
Collateral	3 senior housing properties
Approximate Carrying Value of Collateral	26,800,000
Fixed Rate Debt \| Mortgage Debt Nine
Debt Instrument [Line Items]
Mortgage debt	42,859,000		43,731,000
Mortgage debt, Maturity Date	30-Apr-18
Mortgage Debt, stated interest rate	6.00%
Collateral	1 attraction property
Approximate Carrying Value of Collateral	108,600,000
Fixed Rate Debt \| Mortgage Debt Ten
Debt Instrument [Line Items]
Mortgage debt	46,165,000		46,499,000
Mortgage debt, Maturity Date	1-Jul-19
Mortgage Debt, stated interest rate	3.79%
Collateral	4 senior housing properties
Approximate Carrying Value of Collateral	67,900,000
Fixed Rate Debt \| Mortgage Debt Eleven
Debt Instrument [Line Items]
Mortgage debt			34,600,000
Collateral	3 ski and mountain lifestyle properties
Fixed Rate Debt \| Mortgage Debt Eleven \| Minimum
Debt Instrument [Line Items]
Mortgage Debt, stated interest rate	8.00%
Fixed Rate Debt \| Mortgage Debt Eleven \| Maximum
Debt Instrument [Line Items]
Mortgage Debt, stated interest rate	9.50%
Fixed Rate Debt \| Mortgage Debt Twelve
Debt Instrument [Line Items]
Mortgage debt	9,384,000		10,219,000
Collateral	1 attractions property
Approximate Carrying Value of Collateral	24,900,000
Fixed Rate Debt \| Mortgage Debt Twelve \| Minimum
Debt Instrument [Line Items]
Mortgage debt, Maturity Date	1-Nov-13
Mortgage Debt, stated interest rate	6.10%
Fixed Rate Debt \| Mortgage Debt Twelve \| Maximum
Debt Instrument [Line Items]
Mortgage debt, Maturity Date	1-Apr-25
Mortgage Debt, stated interest rate	6.40%
Fixed Rate Debt \| Mortgage Debt Thirteen
Debt Instrument [Line Items]
Mortgage debt	32,411,000
Mortgage debt, Maturity Date	1-Oct-18
Collateral	3 senior housing properties
Approximate Carrying Value of Collateral	67,900,000
Fixed Rate Debt \| Mortgage Debt Thirteen \| Minimum
Debt Instrument [Line Items]
Mortgage Debt, stated interest rate	4.75%
Fixed Rate Debt \| Mortgage Debt Thirteen \| Maximum
Debt Instrument [Line Items]
Mortgage Debt, stated interest rate	6.90%
Fixed Rate Debt \| Senior Notes
Debt Instrument [Line Items]
Senior notes	318,250,000		396,550,000
Mortgage debt, Maturity Date	15-Apr-19
Mortgage Debt, stated interest rate	7.30%
Approximate Carrying Value of Collateral	$318,250,000	[5]

[1]	The 30-day LIBOR rate was approximately 0.17% and 0.20% as of December 31, 2014 and 2013, respectively. The 30-day CDOR rate was approximately 1.2% as of December 31, 2013.
[2]	The Company entered into interest rate swaps for these variable rate debts. See Note 11. "Derivative instruments and Hedging Activities" for additional information
[3]	Converted from Canadian dollars to U.S. dollars at the exchange rate in place as of the end of the year.
[4]	In December 2013, the Company entered into a collateralized bridge loan agreement with a third-party lender that matured in June 2014 with two extension options. The Company exercised its options to extend the bridge loan through June 2015. In connection with obtaining the bridge loan, the Company incurred loan origination costs and exit fees.
[5]	The Company issued $400.0 million senior notes which are guaranteed by certain of its properties. See "Item 2 - Properties" for additional information.

Schedule_of_Mortgages_and_Othe1

Schedule of Mortgages and Other Notes Payable (Parenthetical) (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Apr. 30, 2011	Dec. 31, 2014
	Option	Apr. 30, 2011	Dec. 31, 2014
Debt Instrument [Line Items]
Senior notes issued		$400,000
LIBOR
Debt Instrument [Line Items]
Interest Rate	0.20%		0.17%
Canadian Dealer Offered Rate
Debt Instrument [Line Items]
Interest Rate	1.20%
Bridge Loan
Debt Instrument [Line Items]
Collateralized loan maturity date	2014-06
Number of extension options	2
Extended collateralized loan maturity date	2015-06

Indebtedness_Additional_Inform

Indebtedness - Additional Information (Detail) (USD $)	12 Months Ended
Indebtedness - Additional Information (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Jul. 31, 2013
Debt Instrument [Line Items]
Revolving line of credit borrowing capacity		$160,000,000	$125,000,000
Remaining line of credit borrowing capacity			119,700,000
Line of credit outstanding	152,500,000	50,000,000
Line of credit, maturity date	2015-08
Mortgage debt	550,504,000	760,192,000
Senior notes covenant terms	150.00%
Mortgage Debt
Debt Instrument [Line Items]
Mortgage debt	43,000,000
Maximum
Debt Instrument [Line Items]
Distribution from operations	95.00%
Maximum \| LIBOR
Debt Instrument [Line Items]
Line of credit, margin added over variable interest rate	3.75%
Maximum \| Base Rate
Debt Instrument [Line Items]
Line of credit, margin added over variable interest rate	2.75%
Minimum \| LIBOR
Debt Instrument [Line Items]
Line of credit, margin added over variable interest rate	3.00%
Minimum \| Base Rate
Debt Instrument [Line Items]
Line of credit, margin added over variable interest rate	2.00%
Carrying (Reported) Amount, Fair Value Disclosure
Debt Instrument [Line Items]
Estimated fair values of mortgages, other notes payable and line of credit	707,300,000	803,700,000
Estimated fair values of Senior notes	$325,400,000	$410,400,000

Schedule_of_Future_Principal_P

Schedule of Future Principal Payments and Maturities for indebtedness (Detail) (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified	Dec. 31, 2014
Debt Instrument [Line Items]
2015	$307,196
2016	70,234
2017	128,075
2018	140,877
2019	50,482
Thereafter	322,799
Total	$1,019,663

Derivative_Instruments_and_Hed2

Derivative Instruments and Hedging Activities - Additional Information (Detail) (Interest Rate Swap, USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified	Derivative
Derivative [Line Items]
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_Terms_and_Fair_Valu

Summary of Terms and Fair Values of Derivative Financial Instruments (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014		Dec. 03, 2014	Dec. 31, 2013
Derivative [Line Items]
Strike				6.40%
Net Amount	($1,002)			($3,694)
Interest Rate Swap \| Derivative Instrument 1 \| Cash Flow Hedges
Derivative [Line Items]
Notional amount of Cash Flow Hedges	61,042			61,042
Strike	1.90%	[1]
Spread	1.30%	[1]
Trade Date	6-Dec-10
Maturity Date			2-Jan-16
Net Amount				-1,748
Interest Rate Swap \| Derivative Instrument 2 \| Cash Flow Hedges
Derivative [Line Items]
Notional amount of Cash Flow Hedges	8,746			8,746
Strike	3.60%	[1]
Spread	3.30%	[1]
Trade Date	28-Sep-09
Maturity Date			1-Sep-19
Net Amount	-719			-743
Interest Rate Swap \| Derivative Instrument 3 \| Cash Flow Hedges
Derivative [Line Items]
Notional amount of Cash Flow Hedges	16,603	[2]		16,603	[2]
Strike	2.70%	[1],[2]
Spread	3.80%	[1]
Trade Date	1-Dec-09
Maturity Date			1-Dec-14
Net Amount				-233
Interest Rate Swap \| Derivative Instrument 4 \| Cash Flow Hedges
Derivative [Line Items]
Notional amount of Cash Flow Hedges	15,450			15,450
Strike	2.20%	[1]
Spread	4.50%	[1]
Trade Date	13-Jan-11
Maturity Date			31-Dec-15
Net Amount	-283			-524
Interest Rate Swap \| Derivative Instrument 5 \| Cash Flow Hedges
Derivative [Line Items]
Notional amount of Cash Flow Hedges	24,811			24,811
Strike	1.30%	[1]
Spread	3.00%	[1]
Trade Date	30-Aug-11
Maturity Date			28-Aug-16
Net Amount				($446)

[1]	The strike rate does not include the credit spread on each of the notional amounts.
[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 was 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_Amoun

Summary of Gross and Net Amounts of Derivative Financial Instruments (Detail) (USD $)	Dec. 31, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013
Derivative [Line Items]
Net Amount	($1,002)		($3,694)
Interest Rate Swap \| Derivative Instrument Six \| Cash Flow Hedges
Derivative [Line Items]
Notional amount of Cash Flow Hedges	8,402
Gross Amounts of Recognized Liabilities	-719
Gross Amounts Offset in the Balance Sheets	0
Net Amounts of Liabilities Presented in the Balance Sheets	-719
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments	-719
Gross Amounts Not Offset in the Balance Sheet, Cash Collateral	0
Net Amount	-719
Interest Rate Swap \| Derivative Instrument Seven \| Cash Flow Hedges
Derivative [Line Items]
Notional amount of Cash Flow Hedges	14,550
Gross Amounts of Recognized Liabilities	-283
Gross Amounts Offset in the Balance Sheets	0
Net Amounts of Liabilities Presented in the Balance Sheets	-283
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments	-283
Gross Amounts Not Offset in the Balance Sheet, Cash Collateral	0
Net Amount	-283
Interest Rate Swap \| Derivative Instrument 1 \| Cash Flow Hedges
Derivative [Line Items]
Notional amount of Cash Flow Hedges	61,042		61,042
Gross Amounts of Recognized Liabilities			-1,748
Gross Amounts Offset in the Balance Sheets			0
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			0
Net Amount			-1,748
Interest Rate Swap \| Derivative Instrument 2 \| Cash Flow Hedges
Derivative [Line Items]
Notional amount of Cash Flow Hedges	8,746		8,746
Gross Amounts of Recognized Liabilities			-743
Gross Amounts Offset in the Balance Sheets			0
Net Amounts of Liabilities Presented in the Balance Sheets			-743
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments			-743
Gross Amounts Not Offset in the Balance Sheet, Cash Collateral			0
Net Amount	-719		-743
Interest Rate Swap \| Derivative Instrument 3 \| Cash Flow Hedges
Derivative [Line Items]
Notional amount of Cash Flow Hedges	16,603	[1]	16,603	[1]
Gross Amounts of Recognized Liabilities			-233
Gross Amounts Offset in the Balance Sheets			0
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			0
Net Amount			-233
Interest Rate Swap \| Derivative Instrument 4 \| Cash Flow Hedges
Derivative [Line Items]
Notional amount of Cash Flow Hedges	15,450		15,450
Gross Amounts of Recognized Liabilities			-524
Gross Amounts Offset in the Balance Sheets			0
Net Amounts of Liabilities Presented in the Balance Sheets			-524
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments			-524
Gross Amounts Not Offset in the Balance Sheet, Cash Collateral			0
Net Amount	-283		-524
Interest Rate Swap \| Derivative Instrument 5 \| Cash Flow Hedges
Derivative [Line Items]
Notional amount of Cash Flow Hedges	24,811		24,811
Gross Amounts of Recognized Liabilities			-446
Gross Amounts Offset in the Balance Sheets			0
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			0
Net Amount			($446)

[1]	The Company swapped the interest rate on its $20.0 million loan denominated in Canadian dollars to a fixed interest rate of 6.4%. The notional amount was 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
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

Fair_Value_Measurements_Additi

Fair Value Measurements - Additional Information (Detail)	Dec. 31, 2014	Dec. 31, 2013
Fair Value Measurements - Additional Information (Detail)	Property	Property
Fair Value Measurements Disclosure [Line Items]
Number of investment properties Held for Sale	55	5

Fair_Value_of_Financial_Assets

Fair Value of Financial Assets and Liabilities Carried at Fair Value (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Assets:
Assets held for sale carried at fair value	$699,816	$90,794
Liabilities:
Derivative instruments	1,002	3,694
Level 2
Liabilities:
Derivative instruments	1,002	3,694
Level 3
Assets:
Assets held for sale carried at fair value	$699,816	$90,794

Components_of_Deferred_Taxes_D

Components of Deferred Taxes (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Deferred Income Tax Asset [Line Items]
Net operating losses	$107,494	$101,277
Book/tax differences in deferred income	4,175	2,834
Book/tax differences in acquired assets	-53,428	-53,412
Total deferred tax asset	58,241	50,699
Valuation allowance	-58,241	-50,699
Total deferred tax asset, net	$0	$0

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Income Tax [Line Items]
Net operating loss carry-forwards	$265.70	$253.90

Estimated_Net_Operating_Loss_C

Estimated Net Operating Loss Carry-Forwards (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Operating Loss Carryforwards [Line Items]
Net operating loss carry-forwards	$265,700	$253,900
2025
Operating Loss Carryforwards [Line Items]
Net operating loss carry-forwards	1,600
2026
Operating Loss Carryforwards [Line Items]
Net operating loss carry-forwards	5,600
2027
Operating Loss Carryforwards [Line Items]
Net operating loss carry-forwards	26,700
2028
Operating Loss Carryforwards [Line Items]
Net operating loss carry-forwards	44,900
2029
Operating Loss Carryforwards [Line Items]
Net operating loss carry-forwards	48,000
2030
Operating Loss Carryforwards [Line Items]
Net operating loss carry-forwards	39,700
2031
Operating Loss Carryforwards [Line Items]
Net operating loss carry-forwards	32,100
2032
Operating Loss Carryforwards [Line Items]
Net operating loss carry-forwards	34,600
2033
Operating Loss Carryforwards [Line Items]
Net operating loss carry-forwards	20,700
2034
Operating Loss Carryforwards [Line Items]
Net operating loss carry-forwards	$11,800

Related_Party_Arrangements_Add

Related Party Arrangements - Additional Information (Detail) (USD $)	12 Months Ended	1 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014	Apr. 30, 2013	Dec. 31, 2013
Related Party Transaction [Line Items]
Deposits at bank	15.2		$8.60
Monthly
Related Party Transaction [Line Items]
Asset management fee as a percentage of real estate asset value	0.08%
Annually
Related Party Transaction [Line Items]
Asset management fee as a percentage of real estate asset value	0.90%
Affiliated Entity
Related Party Transaction [Line Items]
Commission paid on sale of property		$0.20

Adviser_and_Former_Adviser_Ear

Adviser and Former Adviser Earned Fees and Incurred Reimbursable Expenses (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Acquisition fees:
Acquisition fees from offering proceeds	$319	[1]	$1,286	[1]	$1,785	[1]
Acquisition fees from debt proceeds	1,521	[2]	3,273	[2]	5,235	[2]
Total	1,840		4,559		7,020
Asset management fees	29,863	[3]	34,683	[3]	35,725	[3]
Reimbursable expenses:
Acquisition costs	248	[4]	299	[4]	409	[4]
Operating expenses	6,680	[5]	7,092	[5]	8,002	[5]
Total	6,928		7,391		8,411
Total fees earned and reimbursable expenses	$38,631		$46,633		$51,156

[1]	Prior to April 1, 2014, acquisition fees were paid for services in connection with the selection, purchase, development or construction of real property. The fees were generally equal to 3.0% of gross offering proceeds from the sale of the Company's common stock including proceeds from shares sold under its distribution reinvestment plan ("DRP"). Effective April 1, 2014, the Advisor eliminated this fee. These amounts are recorded as acquisition fees and costs in the accompanying consolidated statements of operations.
[2]	Prior to April 1, 2014, acquisition fees from debt proceeds were paid for services in connection with the incurrence of indebtedness, including the Company's pro-rata share of joint venture indebtedness. The fees were generally equal to 3.0% of loan proceeds. Effective April 1, 2014, the Advisor eliminated this fee. These amounts are recorded as loan costs and are included as part of other assets in the accompanying consolidated balance sheets.
[3]	Amounts recorded as asset management fees to Advisor, include fees of $11.2 million, $11.6 million and $10.7 million for the years ended December 31, 2014, 2013 and 2012, respectively, 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]	Includes approximately $0.04 million, $0.1 million, and $0.1 million for reimbursable expenses to the Advisor for services provided to the Company for its executive officers during the years ended December 31, 2014, 2013 and 2012, respectively. The reimbursable expenses include components of salaries, benefits and other overhead charges.
[5]	Includes approximately $0.4 million, $0.6 million and $0.5 million for reimbursable expenses to the Advisor for services provided to the Company for its executive officers during the years ended December 31, 2014, 2013 and 2012, respectively. The reimbursable expenses include components of salaries, benefits and other overhead charges.

Adviser_and_Former_Adviser_Ear1

Adviser and Former Adviser Earned Fees and Incurred Reimbursable Expenses (Parenthetical) (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Related Party Transaction [Line Items]
Acquisition fee as a percentage of offering proceeds	3.00%
Acquisition fee as a percentage of loan proceeds	3.00%
Asset management fees to advisor	$18,651		$23,060		$25,009
Acquisition costs	248	[1]	299	[1]	409	[1]
Operating expenses	6,680	[2]	7,092	[2]	8,002	[2]
Advisor
Related Party Transaction [Line Items]
Acquisition costs	40		100		100
Operating expenses	400		600		500
Assets Held-for-sale
Related Party Transaction [Line Items]
Asset management fees to advisor	$11,200		$11,600		$10,700
As percentage of average invested assets
Related Party Transaction [Line Items]
Maximum reimbursement of expenses, percent	2.00%
As percentage of net income
Related Party Transaction [Line Items]
Maximum reimbursement of expenses, percent	25.00%

[1]	Includes approximately $0.04 million, $0.1 million, and $0.1 million for reimbursable expenses to the Advisor for services provided to the Company for its executive officers during the years ended December 31, 2014, 2013 and 2012, respectively. The reimbursable expenses include components of salaries, benefits and other overhead charges.
[2]	Includes approximately $0.4 million, $0.6 million and $0.5 million for reimbursable expenses to the Advisor for services provided to the Company for its executive officers during the years ended December 31, 2014, 2013 and 2012, respectively. The reimbursable expenses include components of salaries, benefits and other overhead charges.

Amounts_Due_to_Affiliates_for_

Amounts Due to Affiliates for Fees and Expenses (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Due to affiliates	$489	$1,025
Operating expenses
Related Party Transaction [Line Items]
Due to affiliates	476	671
Acquisition fees and expenses
Related Party Transaction [Line Items]
Due to affiliates	$13	$354

Stockholders_Equity_Additional

Stockholders' Equity - Additional Information (Detail) (USD $)	12 Months Ended
In Millions, except Share data in Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Stockholders Equity Note [Line Items]
Minimum distribution as a percentage of REIT taxable income	90.00%	90.00%	90.00%
Declared and paid distributions	$137.90	$135.50	$163.70
Declared and paid distributions, per share	$0.43	$0.43	$0.53
Distributions paid, percentage taxable	0.00%	29.30%	0.00%
Return of capital ,percentage	100.00%	70.70%	100.00%
Reinvestment Plan
Stockholders Equity Note [Line Items]
Offering proceeds	$27.20	$54.90	$69
Shares subscribed, shares	4,000	7,900	8,300

Schedule_of_Pending_Redemption

Schedule of Pending Redemption Request (Detail) (USD $)	3 Months Ended																12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2013		Sep. 30, 2013		Jun. 30, 2013		Mar. 31, 2013		Dec. 31, 2014		Dec. 31, 2013
Stockholders Equity Note [Line Items]
Requests in queue	11,572		10,809		10,798		10,547		10,312		10,109		9,962		9,726		10,547		9,726
Redemptions requested			1,355		864		778		696		685		825		716		2,997		2,922
Shares redeemed:
Prior period requests			-60		-80		-135		-190		-77		-70		-213		-275		-550
Current period requests			-439		-369		-300		-223		-329		-351		-192		-1,108		-1,095
Adjustments			-93	[1]	-404	[1]	-92	[1]	-48	[1]	-76	[1]	-257	[1]	-75	[1]	-589	[1]	-456	[1]
Pending redemption requests	11,572	[2]	11,572	[2]	10,809	[2]	10,798	[2]	10,547	[2]	10,312	[2]	10,109	[2]	9,962	[2]	11,572	[2]	10,547	[2]
Average price paid per share			$6.81		$6.85		$6.85		$7.26		$7.29		$7.30		$7.31		$6.84		$7.29

[1]	This amount represents redemption request cancellations and other adjustments.
[2]	Requests that are not fulfilled in whole during a particular quarter were redeemed on a pro rata basis to the extent funds are made available pursuant to the redemption plan. The redemption plan was suspended in September 2014.

Schedule_of_Future_Obligations

Schedule of Future Obligations under Ground Leases and Land Permits (Detail) (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified	Dec. 31, 2014
Operating Leases Future Minimum Payments Due [Line Items]
2015	$12,570
2016	12,570
2017	12,570
2018	12,570
2019	12,570
Thereafter	168,948
Total	$231,798

Quarterly_Financial_Data_Detai

Quarterly Financial Data (Detail) (USD $)	3 Months Ended																12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2013		Sep. 30, 2013		Jun. 30, 2013		Mar. 31, 2013		Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Quarterly Financial Data [Line Items]
Total revenues	$61,707		$144,551		$94,657		$72,380		$61,345		$137,766	[1]	$93,375		$70,004		$373,295		$362,490		$349,527
Operating income (loss)	-52,308		43,389		726		-2,185		-14,157		36,200	[1]	-43,004		-4,999		-10,378		-25,960		11,668
Equity in earnings (loss) of unconsolidated entities	804		3,176		-526		4,299		2,518		4,147	[1]	6,159		-1,123		7,753		11,701		5,521
Income (loss) from continuing operations	-63,571		30,086		-15,071		-11,882		-24,998		84,846	[1]	-50,864		-20,406		-60,438		-11,422		-37,059
Discontinued operations	-30,338	[2]	537	[2]	6,566	[2]	-8,471	[2]	-227,331	[2]	-6,553	[1],[2]	-4,340	[2]	-2,893	[2]	-31,706	[2]	-241,117	[2]	-39,014
Net income (loss)	($93,909)		$30,623		($8,505)		($20,353)		($252,329)		$78,293	[1]	($55,204)		($23,299)		($92,144)		($252,539)		($76,073)
Weighted average number of shares outstanding (basic and diluted)	325,214		325,707		324,197		322,639		321,063		319,507	[1]	317,959		316,382		324,451		318,742
Earnings (loss) per share of common stock (basic and diluted)	($0.29)		$0.09		($0.03)		($0.06)		($0.79)		$0.24	[1]	($0.17)		($0.07)		($0.28)		($0.79)		($0.24)

[1]	Includes impact from out of period adjustments as described in "Footnote 2 - Significant Accounting Policies".
[2]	The Company classified certain properties as assets held for sale and reclassified the results related to those properties to discontinued operations for all periods presented.

Consolidating_Balance_Sheet_De

Consolidating Balance Sheet (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Assets
Real estate investment properties, net	$1,136,451	$2,068,973
Assets held for sale, net	699,816	90,794
Cash	136,985	71,574	73,224	162,839
Investments in unconsolidated entities	127,102	132,324
Deferred rent and lease incentives	47,649	57,378
Restricted cash	39,097	51,335
Other assets	36,639	52,310
Accounts and other receivables, net	23,086	21,080
Mortgages and other notes receivable, net	19,361	117,963
Intangibles, net	18,026	36,922
Total Assets	2,284,212	2,700,653
LIABILITIES AND STOCKHOLDERS' EQUITY
Mortgages and other notes payable	550,504	760,192
Senior notes, net of discount	316,846	394,419
Line of credit	152,500	50,000
Other liabilities	60,478	76,816
Accounts payable and accrued expenses	46,005	49,823
Due to affiliates	489	1,025
Total Liabilities	1,126,822	1,332,275
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value per share
Excess shares, $.01 par value per share	0	0
Common stock, $.01 par value per share	3,252	3,226
Capital in excess of par value	2,863,839	2,846,265
Accumulated earnings (deficit)	-494,129	-401,985
Accumulated distributions	-1,211,302	-1,073,422
Accumulated other comprehensive loss	-4,270	-5,706
Total Stockholders' Equity	1,157,390	1,368,378	1,711,431	1,889,980
Total Liabilities and Stockholders' Equity	2,284,212	2,700,653
Consolidating Adjustments
Assets
Investments in subsidiaries	-3,827,810	-4,742,485
Mortgages and other notes receivable, net	-43,948	-42,453
Total Assets	-3,871,758	-4,784,938
LIABILITIES AND STOCKHOLDERS' EQUITY
Mortgages and other notes payable	-42,997	-41,536
Accounts payable and accrued expenses	-950	-917
Total Liabilities	-43,947	-42,453
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value per share
Excess shares, $.01 par value per share	0	0
Capital in excess of par value	-15,579,131	-14,727,738
Accumulated earnings (deficit)	-43,258	-68,630
Accumulated distributions	11,790,308	10,048,177
Accumulated other comprehensive loss	4,270	5,706
Total Stockholders' Equity	-3,827,811	-4,742,485
Total Liabilities and Stockholders' Equity	-3,871,758	-4,784,938
Issuer
Assets
Cash	85,117	37,668	39,219	134,608
Investments in subsidiaries	1,388,842	1,726,328
Restricted cash	127	33
Other assets	6,978	11,355
Total Assets	1,481,064	1,775,384
LIABILITIES AND STOCKHOLDERS' EQUITY
Senior notes, net of discount	316,846	394,419
Accounts payable and accrued expenses	6,339	11,584
Due to affiliates	489	1,003
Total Liabilities	323,674	407,006
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value per share
Excess shares, $.01 par value per share	0	0
Common stock, $.01 par value per share	3,252	3,226
Capital in excess of par value	2,863,839	2,846,265
Accumulated earnings (deficit)	-494,129	-401,985
Accumulated distributions	-1,211,302	-1,073,422
Accumulated other comprehensive loss	-4,270	-5,706
Total Stockholders' Equity	1,157,390	1,368,378
Total Liabilities and Stockholders' Equity	1,481,064	1,775,384
Guarantor Subsidiaries
Assets
Real estate investment properties, net	459,981	846,914
Assets held for sale, net	61,897	6,106
Cash	24,412	15,671	14,125	11,268
Investments in unconsolidated entities	127,102	132,324
Investments in subsidiaries	1,132,409	1,150,443
Deferred rent and lease incentives	28,595	29,839
Restricted cash	24,553	26,595
Other assets	14,572	15,829
Accounts and other receivables, net	8,457	12,241
Mortgages and other notes receivable, net	47,367	45,947
Intangibles, net	3,976	18,094
Total Assets	1,933,321	2,300,003
LIABILITIES AND STOCKHOLDERS' EQUITY
Mortgages and other notes payable	193,897	246,295
Line of credit	152,500	50,000
Other liabilities	14,919	33,447
Accounts payable and accrued expenses	16,359	13,526
Due to affiliates		8
Total Liabilities	377,675	343,276
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value per share
Excess shares, $.01 par value per share	0	0
Capital in excess of par value	6,448,172	6,027,607
Accumulated earnings (deficit)	60,047	58,777
Accumulated distributions	-4,952,573	-4,129,657
Total Stockholders' Equity	1,555,646	1,956,727
Total Liabilities and Stockholders' Equity	1,933,321	2,300,003
Non-Guarantor Subsidiaries
Assets
Real estate investment properties, net	676,470	1,222,059
Assets held for sale, net	637,919	84,688
Cash	27,456	18,235	19,880	16,963
Investments in subsidiaries	1,306,559	1,865,714
Deferred rent and lease incentives	19,054	27,539
Restricted cash	14,417	24,707
Other assets	15,089	25,126
Accounts and other receivables, net	14,629	8,839
Mortgages and other notes receivable, net	15,942	114,469
Intangibles, net	14,050	18,828
Total Assets	2,741,585	3,410,204
LIABILITIES AND STOCKHOLDERS' EQUITY
Mortgages and other notes payable	399,604	555,433
Other liabilities	45,559	43,369
Accounts payable and accrued expenses	24,257	25,630
Due to affiliates		14
Total Liabilities	469,420	624,446
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value per share
Excess shares, $.01 par value per share	0	0
Capital in excess of par value	9,130,959	8,700,131
Accumulated earnings (deficit)	-16,789	9,853
Accumulated distributions	-6,837,735	-5,918,520
Accumulated other comprehensive loss	-4,270	-5,706
Total Stockholders' Equity	2,272,165	2,785,758
Total Liabilities and Stockholders' Equity	$2,741,585	$3,410,204

Consolidating_Statement_of_Ope

Consolidating Statement of Operations (Detail) (USD $)	3 Months Ended																	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2013		Sep. 30, 2013		Jun. 30, 2013		Mar. 31, 2013		Dec. 31, 2012	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Revenues:
Rental income from operating leases																		$128,023		$115,414		$108,462
Property operating revenues																		236,860		233,956		228,068
Interest income on mortgages and other notes receivable																		8,412		13,120		12,997
Total revenues	61,707		144,551		94,657		72,380		61,345		137,766	[1]	93,375		70,004			373,295		362,490		349,527
Expenses:
Property operating expenses																		190,165		187,581		185,538
Asset management fees to advisor																		18,651		23,060		25,009
General and administrative																		17,136		17,233		17,678
Ground lease and permit fees																		10,162		9,838		8,938
Acquisition fees and costs																		664		2,467		3,224
Other operating expenses																	2,200	5,328		4,471		6,496
Bad debt expense (recovery)																		291		54		228
Impairment provision																		30,428		50,033		10
(Gain) loss on lease terminations																		8,914		-3,850		1,560
Loan loss provision																		3,270		3,104		1,699
Loan loss provision																		3,270		3,104		1,699
Depreciation and amortization																		98,664		94,459		87,479
Total expenses																		383,673		388,450		337,859
Operating income (loss)	-52,308		43,389		726		-2,185		-14,157		36,200	[1]	-43,004		-4,999			-10,378		-25,960		11,668
Other income (expense):
Interest and other income (expense)																		838		559		850
Interest expense and loan cost amortization																		-57,260		-55,769		-55,094
Bargain purchase gain																				2,653
Loss on extinguishment of debt																		-1,391				-4
Gain from sale of unconsolidated entities																				55,394
Equity in earnings of unconsolidated entities	804		3,176		-526		4,299		2,518		4,147	[1]	6,159		-1,123			7,753		11,701		5,521
Total other income (expense)																		-50,060		14,538		-48,727
Income (loss) from continuing operations	-63,571		30,086		-15,071		-11,882		-24,998		84,846	[1]	-50,864		-20,406			-60,438		-11,422		-37,059
Income (loss) from discontinued operations (includes $1,655 amortization of loss on termination of cash flow hedges relating to a non-guarantor subsidiary)	-30,338	[2]	537	[2]	6,566	[2]	-8,471	[2]	-227,331	[2]	-6,553	[1],[2]	-4,340	[2]	-2,893	[2]		-31,706	[2]	-241,117	[2]	-39,014
Net income (loss)	-93,909		30,623		-8,505		-20,353		-252,329		78,293	[1]	-55,204		-23,299			-92,144		-252,539		-76,073
Consolidating Adjustments
Revenues:
Interest income on mortgages and other notes receivable																		-4,494		-4,203		-9,733
Total revenues																		-4,494		-4,203		-9,733
Expenses:
Operating income (loss)																		-4,494		-4,203		-9,733
Other income (expense):
Interest expense and loan cost amortization																		4,494		4,203		9,733
Equity in earnings, intercompany																		25,372		583,290		-48,051
Total other income (expense)																		29,866		587,493		-38,318
Income (loss) from continuing operations																		25,372		583,290		-48,051
Net income (loss)																		25,372		583,290		-48,051
Issuer
Expenses:
Asset management fees to advisor																		18,651		23,060		25,009
General and administrative																		15,217		15,359		15,672
Acquisition fees and costs																		660		3,141		4,450
Other operating expenses																		713		947		424
Total expenses																		35,241		42,507		45,555
Operating income (loss)																		-35,241		-42,507		-45,555
Other income (expense):
Interest and other income (expense)																		20		211		104
Interest expense and loan cost amortization																		-30,380		-31,727		-31,607
Loss on extinguishment of debt																		-4,685
Equity in earnings, intercompany																		-21,858		-178,516		985
Total other income (expense)																		-56,903		-210,032		-30,518
Income (loss) from continuing operations																		-92,144		-252,539		-76,073
Net income (loss)																		-92,144		-252,539		-76,073
Guarantor Subsidiaries
Revenues:
Rental income from operating leases																		57,021		54,737		52,517
Property operating revenues																		70,670		65,074		62,712
Interest income on mortgages and other notes receivable																		4,833		4,497		10,031
Total revenues																		132,524		124,308		125,260
Expenses:
Property operating expenses																		53,050		51,856		52,453
General and administrative																		428		647		-376
Ground lease and permit fees																		6,530		6,453		5,792
Other operating expenses																		1,855		279		3,431
Bad debt expense (recovery)																		34		29		80
Impairment provision																		5,005		50,033		10
(Gain) loss on lease terminations																				-4,517		1,634
Depreciation and amortization																		35,916		35,389		33,593
Total expenses																		102,818		140,169		96,617
Operating income (loss)																		29,706		-15,861		28,643
Other income (expense):
Interest and other income (expense)																		-101		398		768
Interest expense and loan cost amortization																		-17,812		-14,235		-13,744
Gain from sale of unconsolidated entities																				55,394
Equity in earnings of unconsolidated entities																		7,753		11,701		5,521
Equity in earnings, intercompany																		-6,609		-93,522		22,372
Total other income (expense)																		-16,769		-40,264		14,917
Income (loss) from continuing operations																		12,937		-56,125		43,560
Income (loss) from discontinued operations (includes $1,655 amortization of loss on termination of cash flow hedges relating to a non-guarantor subsidiary)																		-11,668		-198,133		-23,166
Net income (loss)																		1,269		-254,258		20,394
Non-Guarantor Subsidiaries
Revenues:
Rental income from operating leases																		71,002		60,677		55,945
Property operating revenues																		166,190		168,882		165,356
Interest income on mortgages and other notes receivable																		8,073		12,826		12,699
Total revenues																		245,265		242,385		234,000
Expenses:
Property operating expenses																		137,115		135,725		133,085
General and administrative																		1,491		1,227		2,382
Ground lease and permit fees																		3,632		3,385		3,146
Acquisition fees and costs																		4		-674		-1,226
Other operating expenses																		2,760		3,245		2,641
Bad debt expense (recovery)																		257		25		148
Impairment provision																		25,423
(Gain) loss on lease terminations																		8,914		667		-74
Loan loss provision																				3,104
Loan loss provision																		3,270				1,699
Depreciation and amortization																		62,748		59,070		53,886
Total expenses																		245,614		205,774		195,687
Operating income (loss)																		-349		36,611		38,313
Other income (expense):
Interest and other income (expense)																		919		-50		-22
Interest expense and loan cost amortization																		-13,562		-14,010		-19,476
Bargain purchase gain																				2,653
Loss on extinguishment of debt																		3,294				-4
Equity in earnings, intercompany																		3,095		-311,252		24,694
Total other income (expense)																		-6,254		-322,659		5,192
Income (loss) from continuing operations																		-6,603		-286,048		43,505
Income (loss) from discontinued operations (includes $1,655 amortization of loss on termination of cash flow hedges relating to a non-guarantor subsidiary)																		-20,038		-42,984		-15,848
Net income (loss)																		($26,641)		($329,032)		$27,657

[1]	Includes impact from out of period adjustments as described in "Footnote 2 - Significant Accounting Policies".
[2]	The Company classified certain properties as assets held for sale and reclassified the results related to those properties to discontinued operations for all periods presented.

Consolidating_Statement_of_Ope1

Consolidating Statement of Operations (Parenthetical) (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Condensed Financial Statements, Captions [Line Items]
Loss on termination of cash flow hedge	$460
Termination of cash flow hedges	3,027	1,655	1,655
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Loss on termination of cash flow hedge	460
Termination of cash flow hedges	$3,027	$1,655	$1,655

Consolidating_Statement_of_Com

Consolidating Statement of Comprehensive Income (loss) (Detail) (USD $)	3 Months Ended									12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013		Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	($93,909)	$30,623	($8,505)	($20,353)	($252,329)	$78,293	[1]	($55,204)	($23,299)	($92,144)	($252,539)	($76,073)
Other comprehensive income (loss):
Foreign currency translation adjustments										-2,933	-1,563	531
Changes in fair value of cash flow hedges:
Amortization of loss on termination of cash flow hedges										3,486	1,655	1,655
Unrealized loss arising during the period										883	1,863	-395
Total other comprehensive income										1,436	1,955	1,791
Comprehensive income (loss)										-90,708	-250,584	-74,282
Consolidating Adjustments
Condensed Financial Statements, Captions [Line Items]
Net income (loss)										25,372	583,290	-48,051
Other comprehensive income (loss):
Foreign currency translation adjustments										2,933	1,563	-531
Changes in fair value of cash flow hedges:
Amortization of loss on termination of cash flow hedges										-3,486	-1,655	-1,655
Unrealized loss arising during the period										-883	-1,863	395
Total other comprehensive income										-1,436	-1,955	-1,791
Comprehensive income (loss)										23,936	581,335	-49,842
Issuer
Condensed Financial Statements, Captions [Line Items]
Net income (loss)										-92,144	-252,539	-76,073
Other comprehensive income (loss):
Foreign currency translation adjustments										-2,933	-1,563	531
Changes in fair value of cash flow hedges:
Amortization of loss on termination of cash flow hedges										3,486	1,655	1,655
Unrealized loss arising during the period										883	1,863	-395
Total other comprehensive income										1,436	1,955	1,791
Comprehensive income (loss)										-90,708	-250,584	-74,282
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income (loss)										1,269	-254,258	20,394
Changes in fair value of cash flow hedges:
Comprehensive income (loss)										1,269	-254,258	20,394
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income (loss)										-26,641	-329,032	27,657
Other comprehensive income (loss):
Foreign currency translation adjustments										-2,933	-1,563	531
Changes in fair value of cash flow hedges:
Amortization of loss on termination of cash flow hedges										3,486	1,655	1,655
Unrealized loss arising during the period										883	1,863	-395
Total other comprehensive income										1,436	1,955	1,791
Comprehensive income (loss)										($25,205)	($327,077)	$29,448

[1]	Includes impact from out of period adjustments as described in "Footnote 2 - Significant Accounting Policies".

Consolidating_Statement_of_Cas

Consolidating Statement of Cash Flows (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Operating activities:
Net cash provided by (used in) operating activities	$126,934	$135,480	$87,893
Investing activities:
Acquisition of properties	-128,390	-244,859	-190,150
Capital expenditures	-79,115	-70,156	-69,675
Proceeds from insurance	10,187
Investments in and contributions to unconsolidated entities			-3,776
Proceeds from sale unconsolidated entities		195,446
Proceeds from short-term investment	1,169
Distributions from unconsolidated entities			3,445
Proceeds from release of collateral on loan payable		11,167	-11,167
Payment of collateral on loan payable			-11,167
Issuance of mortgage loans receivable		-83	-869
Principal payments received on mortgage loans receivable	83,468	4,282	4,790
Proceeds from sale of properties	384,293	12,401	1,500
Changes in restricted cash	1,394	-10,357	-5,632
Other	980	-854	-799
Net cash provided by (used in) investing activities	273,986	-102,930	-271,464
Financing activities:
Redemptions of common stock	-9,609	-11,955	-9,590
Distributions to stockholders, net of distribution reinvestments	-110,671	-80,514	-94,677
Borrowings under line of credit	232,500	100,000	170,000
Payment of entrance fee	-1,845
Proceeds from mortgage loans and other notes payable	57,790	131,298	152,300
Principal payments on line of credit	-130,000	-145,000	-75,000
Principal payments on mortgage loans	-365,224	-18,800	-34,666
Principal payments on capital leases	-4,863	-4,152	-4,107
Payment of loan costs	-3,536	-5,017	-10,305
Net cash (used in) provided by financing activities	-335,458	-34,140	93,955
Effect of exchange rate fluctuation on cash	-51	-60	1
Net increase (decrease) in cash	65,411	-1,650	-89,615
Cash at beginning of period	71,574	73,224	162,839
Cash at end of period	136,985	71,574	73,224
Cash Flows from Investing Activities
Investing activities:
Other		-771	70
Issuer
Operating activities:
Net cash provided by (used in) operating activities	-71,856	-78,930	-84,363
Investing activities:
Changes in restricted cash	-94	13	46
Other	614
Intercompany financing	317,365	169,835	93,222
Net cash provided by (used in) investing activities	317,885	169,848	93,268
Financing activities:
Redemptions of common stock	-9,609	-11,955	-9,590
Distributions to stockholders, net of distribution reinvestments	-110,671	-80,514	-94,677
Principal payments on mortgage loans	-78,300
Payment of loan costs			-27
Net cash (used in) provided by financing activities	-198,580	-92,469	-104,294
Net increase (decrease) in cash	47,449	-1,551	-95,389
Cash at beginning of period	37,668	39,219	134,608
Cash at end of period	85,117	37,668	39,219
Guarantor Subsidiaries
Operating activities:
Net cash provided by (used in) operating activities	79,586	108,523	90,996
Investing activities:
Capital expenditures	-36,538	-27,462	-25,427
Proceeds from insurance	7,462
Investments in and contributions to unconsolidated entities			-3,776
Proceeds from sale unconsolidated entities		195,446
Distributions from unconsolidated entities			3,445
Principal payments received on mortgage loans receivable		-83
Proceeds from sale of properties	305,138	12,726	1,500
Changes in restricted cash	-3,538	-6,196	-2,892
Other	143
Net cash provided by (used in) investing activities	272,667	174,454	-27,087
Financing activities:
Borrowings under line of credit	232,500	100,000	170,000
Proceeds from mortgage loans and other notes payable	40,000		45,000
Principal payments on line of credit	-130,000	-145,000	-75,000
Principal payments on mortgage loans	-91,563	-8,263	-7,830
Principal payments on capital leases	-3,102	-2,372	-1,483
Payment of loan costs	-2,084	-307	-4,341
Intercompany financing	-389,263	-225,489	-187,398
Net cash (used in) provided by financing activities	-343,512	-281,431	-61,052
Net increase (decrease) in cash	8,741	1,546	2,857
Cash at beginning of period	15,671	14,125	11,268
Cash at end of period	24,412	15,671	14,125
Guarantor Subsidiaries \| Cash Flows from Investing Activities
Investing activities:
Other		23	63
Non-Guarantor Subsidiaries
Operating activities:
Net cash provided by (used in) operating activities	119,204	105,887	81,260
Investing activities:
Acquisition of properties	-128,390	-244,859	-190,150
Capital expenditures	-42,577	-42,694	-44,248
Proceeds from insurance	2,725
Proceeds from short-term investment	1,169
Proceeds from release of collateral on loan payable		11,167
Payment of collateral on loan payable			-11,167
Issuance of mortgage loans receivable		-83	-869
Principal payments received on mortgage loans receivable	83,468	4,365	4,790
Proceeds from sale of properties	79,155	-325
Changes in restricted cash	5,026	-4,174	-2,786
Other	223
Net cash provided by (used in) investing activities	799	-277,397	-244,423
Financing activities:
Payment of entrance fee	-1,845
Proceeds from mortgage loans and other notes payable	17,790	131,298	107,300
Principal payments on mortgage loans	-195,361	-10,537	-26,836
Principal payments on capital leases	-1,761	-1,780	-2,624
Payment of loan costs	-1,452	-4,710	-5,937
Intercompany financing	71,898	55,654	94,176
Net cash (used in) provided by financing activities	-110,731	169,925	166,079
Effect of exchange rate fluctuation on cash	-51	-60	1
Net increase (decrease) in cash	9,221	-1,645	2,917
Cash at beginning of period	18,235	19,880	16,963
Cash at end of period	27,456	18,235	19,880
Non-Guarantor Subsidiaries \| Cash Flows from Investing Activities
Investing activities:
Other		-794	7
Consolidating Adjustments
Investing activities:
Intercompany financing	-317,365	-169,835	-93,222
Net cash provided by (used in) investing activities	-317,365	-169,835	-93,222
Financing activities:
Intercompany financing	317,365	169,835	93,222
Net cash (used in) provided by financing activities	$317,365	$169,835	$93,222

Subsequent_Events_Additional_I

Subsequent Events - Additional Information (Detail) (USD $)	0 Months Ended
Subsequent Events - Additional Information (Detail) (USD $)	Mar. 09, 2015	Mar. 06, 2015	Mar. 25, 2015	Dec. 31, 2014		Dec. 31, 2013		Feb. 28, 2015
DMC Partnership
Subsequent Event [Line Items]
Company's ownership percentage				81.98%	[1]	81.98%	[1]
Subsequent Event
Subsequent Event [Line Items]
Sale of properties								$140,000,000
Quarterly distributions	$0.05
Quarterly distributions, record date	9-Mar-15
2014 Net Asset Value		5.2
Subsequent Event \| Land and land improvements
Subsequent Event [Line Items]
Sale of properties								5,500,000
Subsequent Event \| DMC Partnership
Subsequent Event [Line Items]
Company's ownership to be sold			$140,000,000
Company's ownership percentage			81.98%

[1]	As of December 31, 2014 and 2013, the Company's share of partners' capital determined under HLBV was approximately $119.6 million and $124.9 million, respectively, and the total difference between the carrying amount of the investment and the Company's share of partners' capital determined under HLBV was approximately $7.5 million and $7.4 million, respectively.

Recovered_Sheet2

Schedule II-Valuation and Qualifying Accounts (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	$55,502	$50,157	$40,830
Charged to Costs and Expenses	3,270	3,104	1,699
Charged to Other Accounts	7,257	2,241	7,628
Deemed Uncollectible	-6,224
Collected/ Recovered	0	0	0
Balance at End of Year	59,805	55,502	50,157
Deferred tax asset valuation allowance
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	50,699	48,458	40,830
Charged to Other Accounts	7,542	2,241	7,628
Collected/ Recovered	0	0	0
Balance at End of Year	58,241	50,699	48,458
Allowance for loan losses
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	4,803	1,699
Charged to Costs and Expenses	3,270	3,104	1,699
Charged to Other Accounts	-285
Deemed Uncollectible	-6,224
Collected/ Recovered	0	0	0
Balance at End of Year	$1,564	$4,803	$1,699

Recovered_Sheet3

Schedule III-Real Estate and Accumulated Depreciation (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Total	$1,138,108		$2,142,067	$2,216,709	$2,044,936
Accumulated Depreciation	279,541		415,216	355,891	-282,937
Life on which depreciation in latest income statements is computed	39 years
Subtotal
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0
Carrying Costs	499,244
Improvements	144,435
Carrying Costs	0
Land & Land Improvements	550,776	[1]
Total	1,138,108	[1]
Accumulated Depreciation	-279,541
Summit At Snowqualmie Resort Snoqualmie Pass Washington
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0	[2]
Carrying Costs	20,122
Improvements	5,108
Carrying Costs	0
Land & Land Improvements	22,861	[1]
Total	34,824	[1]
Accumulated Depreciation	-11,129
Date of Construction	1945
Date Acquired	19-Jan-07
Life on which depreciation in latest income statements is computed		[3]
White Water Bay Oklahoma City, Oklahoma
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0
Carrying Costs	10,720
Improvements	603
Carrying Costs	0
Land & Land Improvements	10,729	[1]
Total	16,784	[1]
Accumulated Depreciation	-3,742
Date of Construction	1981
Date Acquired	6-Apr-07
Life on which depreciation in latest income statements is computed		[3]
Splashtown Houston, Texas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0
Carrying Costs	10,817
Improvements	8,481
Carrying Costs	0
Land & Land Improvements	15,825	[1]
Total	20,907	[1]
Accumulated Depreciation	-1,683
Date of Construction	1981
Date Acquired	6-Apr-07
Life on which depreciation in latest income statements is computed		[3]
Waterworld Concord California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0
Carrying Costs	1,733
Improvements	417
Carrying Costs	0
Land & Land Improvements	1,956	[1]
Total	10,719	[1]
Accumulated Depreciation	-4,249
Date of Construction	1995
Date Acquired	6-Apr-07
Life on which depreciation in latest income statements is computed
Elitch Gardens Denver, Colorado
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0
Carrying Costs	93,796
Improvements	1,480
Carrying Costs	0
Land & Land Improvements	94,786	[1]
Total	102,756	[1]
Accumulated Depreciation	-8,462
Date of Construction	1890
Date Acquired	6-Apr-07
Life on which depreciation in latest income statements is computed		[3]
Darien Lake Buffalo, New York
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0
Carrying Costs	60,993
Improvements	5,512
Carrying Costs	0
Land & Land Improvements	66,597	[1]
Total	88,472	[1]
Accumulated Depreciation	-32,112
Date of Construction	1955
Date Acquired	6-Apr-07
Life on which depreciation in latest income statements is computed
Frontier City Oklahoma City, Oklahoma
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0
Carrying Costs	7,265
Improvements	1,545
Carrying Costs	0
Land & Land Improvements	8,104	[1]
Total	16,328	[1]
Accumulated Depreciation	-4,101
Date of Construction	1958
Date Acquired	6-Apr-07
Life on which depreciation in latest income statements is computed		[3]
Wild Waves And Enchanted Village Seattle, Washington
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0
Carrying Costs	19,200
Improvements	4,516
Carrying Costs	0
Land & Land Improvements	23,418	[1]
Total	26,553	[1]
Accumulated Depreciation	-10,693
Date of Construction	1977
Date Acquired	6-Apr-07
Life on which depreciation in latest income statements is computed		[3]
Magic Springs And Crystal Falls Hot Springs, Arkansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0
Carrying Costs	4,237
Improvements	4,706
Carrying Costs	0
Land & Land Improvements	8,670	[1]
Total	19,360	[1]
Accumulated Depreciation	-3,837
Date of Construction	1977
Date Acquired	16-Apr-07
Life on which depreciation in latest income statements is computed		[3]
Mountain High Resort Wrightwood, California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0	[2]
Carrying Costs	14,272
Improvements	768
Carrying Costs	0
Land & Land Improvements	14,518	[1]
Total	36,633	[1]
Accumulated Depreciation	-11,581
Date of Construction	In 1930's
Date Acquired	29-Jun-07
Life on which depreciation in latest income statements is computed		[3]
Sugarloaf Mountain Resort Carrabassett Valley, Maine
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0
Carrying Costs	15,408
Improvements	3,407
Carrying Costs	0
Land & Land Improvements	14,619	[1]
Total	24,473	[1]
Accumulated Depreciation	-6,885
Date of Construction	1962
Date Acquired	7-Aug-07
Life on which depreciation in latest income statements is computed		[3]
Sunday River Resort Newry, Maine
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0
Carrying Costs	32,698
Improvements	5,391
Carrying Costs	0
Land & Land Improvements	36,632	[1]
Total	50,345	[1]
Accumulated Depreciation	-12,262
Date of Construction	1959
Date Acquired	7-Aug-07
Life on which depreciation in latest income statements is computed		[3]
The Northstar Commercial Village Lake Tahoe, California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0
Carrying Costs	2,354
Improvements	4,178
Carrying Costs	0
Land & Land Improvements	2,759	[1]
Total	40,464	[1]
Accumulated Depreciation	-10,537
Date of Construction	2005
Date Acquired	15-Nov-07
Life on which depreciation in latest income statements is computed		[3]
Coco Key Water Resort Orlando, Florida
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0
Carrying Costs	8,131
Improvements	9,582
Carrying Costs	0
Land & Land Improvements	6,207	[1]
Total	18,489	[1]
Accumulated Depreciation	-7,795
Date of Construction	1970's
Date Acquired	28-May-08
Life on which depreciation in latest income statements is computed		[3]
Myrtle Waves Myrtle Beach South Carolina
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0
Carrying Costs	0
Total	5,875	[1]
Accumulated Depreciation	-217
Date of Construction	1985
Life on which depreciation in latest income statements is computed		[3]
Mount Sunapee Mountain Resort Newbury, New Hampshire
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0	[2]
Improvements	451
Carrying Costs	0
Land & Land Improvements	100	[1]
Total	12,431	[1]
Accumulated Depreciation	-3,502
Date of Construction	1960
Date Acquired	5-Dec-08
Life on which depreciation in latest income statements is computed		[3]
Okemo Mountain Resort Ludlow, Vermont
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0	[2]
Carrying Costs	17,566
Improvements	1,255
Carrying Costs	0
Land & Land Improvements	18,256	[1]
Total	60,591	[1]
Accumulated Depreciation	-11,390
Date of Construction	1963
Date Acquired	5-Dec-08
Life on which depreciation in latest income statements is computed		[3]
Crested Butte Mountain Resort Mt Crested Butte, Colorado
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0	[2]
Carrying Costs	1,305
Improvements	1,968
Carrying Costs	0
Land & Land Improvements	1,314	[1]
Total	33,304	[1]
Accumulated Depreciation	-8,785
Date of Construction	1960
Date Acquired	5-Dec-08
Life on which depreciation in latest income statements is computed		[3]
Jiminy Peak Mountain Resort Hancock, Massachusetts
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0	[2]
Carrying Costs	7,802
Improvements	553
Carrying Costs	0
Land & Land Improvements	8,088	[1]
Total	16,519	[1]
Accumulated Depreciation	-3,529
Date of Construction	1948
Date Acquired	27-Jan-09
Life on which depreciation in latest income statements is computed		[3]
Hawaiian Waters Kapolei, Hawaii
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0
Improvements	497
Carrying Costs	0
Land & Land Improvements	190	[1]
Total	17,354	[1]
Accumulated Depreciation	-2,768
Date of Construction	1998
Date Acquired	6-May-09
Life on which depreciation in latest income statements is computed		[3]
Great Wolf Lodge Wisconsin Dells Wisconsin Dells, Wisconsin
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0	[2]
Carrying Costs	3,433
Improvements	550
Carrying Costs	0
Land & Land Improvements	2,110	[1]
Total	21,619	[1]
Accumulated Depreciation	-8,664
Date of Construction	1997
Date Acquired	6-Aug-09
Life on which depreciation in latest income statements is computed		[3]
Great Wolf Lodge Sandusky Sandusky, Ohio
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0	[2]
Carrying Costs	2,772
Improvements	658
Carrying Costs	0
Land & Land Improvements	2,466	[1]
Total	33,487	[1]
Accumulated Depreciation	-9,978
Date of Construction	2001
Date Acquired	6-Aug-09
Life on which depreciation in latest income statements is computed		[3]
Granby Development Lands Granby Colorado
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0	[2]
Carrying Costs	5,235
Carrying Costs	0
Land & Land Improvements	5,235	[1]
Total	5,235	[1]
Date Acquired	29-Oct-09
Life on which depreciation in latest income statements is computed
Pacific Park Santa Monica, California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0	[2]
Improvements	635
Carrying Costs	0
Total	27,256	[1]
Accumulated Depreciation	-3,564
Date of Construction	1996
Date Acquired	29-Dec-10
Life on which depreciation in latest income statements is computed		[3]
Stevens Pass Skykomish, King And Chelan County, WA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0
Carrying Costs	62
Improvements	1,634
Carrying Costs	0
Land & Land Improvements	906	[1]
Total	20,060	[1]
Accumulated Depreciation	-2,398
Date of Construction	1945-2000
Date Acquired	17-Nov-11
Life on which depreciation in latest income statements is computed		[3]
Rapids Waterpark West Palm Beach, Florida
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0
Carrying Costs	11,041
Improvements	6,389
Carrying Costs	0
Land & Land Improvements	17,071	[1]
Total	26,474	[1]
Accumulated Depreciation	-2,009
Date of Construction	1979 and 2007
Date Acquired	29-Jun-12
Life on which depreciation in latest income statements is computed		[3]
Soak City Palm Springs, California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0
Carrying Costs	12,516
Carrying Costs	0
Land & Land Improvements	12,516	[1]
Total	15,775	[1]
Accumulated Depreciation	-924
Date of Construction	2001
Date Acquired	12-Aug-13
Life on which depreciation in latest income statements is computed		[3]
Phoenix Wet n Wild Waterpark Phoenix, Arizona
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumberances	0
Improvements	287
Carrying Costs	0
Total	13,750	[1]
Accumulated Depreciation	-778
Date of Construction	2009
Date Acquired	26-Nov-13
Life on which depreciation in latest income statements is computed		[3]
Gatlinburg Sky Lift Gatlinburg, Tennessee
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Improvements	32
Carrying Costs	0
Total	19,361	[1]
Accumulated Depreciation	-3,655
Date of Construction	1953
Date Acquired	22-Dec-05
Life on which depreciation in latest income statements is computed		[3]
Hawaiian Falls Waterparks Garland And The Colony, Texas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Carrying Costs	3,123
Improvements	2,082
Carrying Costs	0
Land & Land Improvements	5,016	[1]
Total	9,626	[1]
Accumulated Depreciation	-3,925
Date of Construction	2004
Date Acquired	21-Apr-06
Life on which depreciation in latest income statements is computed		[3]
Cypress Mountain Vancouver, British Columbia
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Carrying Costs	161
Improvements	9,427
Carrying Costs	0
Land & Land Improvements	1,180	[1]
Total	29,324	[1]
Accumulated Depreciation	-8,571
Date of Construction	1975
Date Acquired	30-May-06
Life on which depreciation in latest income statements is computed		[3]
The Omni Mount Washington Resort and Bretton Woods Ski Area Bretton Woods, New Hampshire
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Carrying Costs	21,216
Improvements	37,488
Carrying Costs	0
Land & Land Improvements	24,004	[1]
Total	86,828	[1]
Accumulated Depreciation	-22,009
Date of Construction	1902
Life on which depreciation in latest income statements is computed		[3]
Funtasticks Fun Center Tucson, Arizona
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Carrying Costs	3,038
Improvements	44
Carrying Costs	0
Land & Land Improvements	3,057	[1]
Total	4,495	[1]
Accumulated Depreciation	-1,203
Date of Construction	1993
Date Acquired	6-Oct-06
Life on which depreciation in latest income statements is computed		[3]
Camelot Park Bakersfield, California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Carrying Costs	179
Improvements	5
Carrying Costs	0
Land & Land Improvements	182	[1]
Total	254	[1]
Accumulated Depreciation	-251
Date of Construction	1994
Date Acquired	6-Oct-06
Life on which depreciation in latest income statements is computed		[3]
Zuma Fun Center Charlotte, North Carolina
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Carrying Costs	3,646
Carrying Costs	0
Land & Land Improvements	3,646	[1]
Total	4,718	[1]
Accumulated Depreciation	-1,141
Date of Construction	1991
Date Acquired	6-Oct-06
Life on which depreciation in latest income statements is computed		[3]
Mountasia Family Fun Center North Richland Hills, Texas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Carrying Costs	1,152
Improvements	41
Carrying Costs	0
Land & Land Improvements	1,193	[1]
Total	1,828	[1]
Accumulated Depreciation	-395
Date of Construction	1994
Date Acquired	6-Oct-06
Life on which depreciation in latest income statements is computed		[3]
Zuma Fun Center South Houston, Texas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Carrying Costs	1,551
Improvements	78
Carrying Costs	0
Land & Land Improvements	1,610	[1]
Total	2,187	[1]
Accumulated Depreciation	-603
Date of Construction	1990
Date Acquired	6-Oct-06
Life on which depreciation in latest income statements is computed		[3]
Brighton Ski Resort Brighton, Utah
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Carrying Costs	11,809
Improvements	3,030
Carrying Costs	0
Land & Land Improvements	12,850	[1]
Total	28,195	[1]
Accumulated Depreciation	-8,698
Date of Construction	1949
Date Acquired	8-Jan-07
Life on which depreciation in latest income statements is computed		[3]
Northstar At Tahoe Resort Lake Tahoe, California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Carrying Costs	60,790
Improvements	11,108
Carrying Costs	0
Land & Land Improvements	64,612	[1]
Total	80,432	[1]
Accumulated Depreciation	-21,519
Date of Construction	1972
Date Acquired	19-Jan-07
Life on which depreciation in latest income statements is computed		[3]
Sierra At Tahoe Resort South Lake Tahoe, California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Carrying Costs	19,875
Improvements	3,174
Carrying Costs	0
Land & Land Improvements	22,329	[1]
Total	32,423	[1]
Accumulated Depreciation	-12,638
Date of Construction	1968
Date Acquired	19-Jan-07
Life on which depreciation in latest income statements is computed		[3]
Loon Mountain Resort Lincoln, New Hampshire
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Carrying Costs	9,226
Improvements	7,355
Carrying Costs	0
Land & Land Improvements	15,164	[1]
Total	21,600	[1]
Accumulated Depreciation	-7,359
Date of Construction	1966
Date Acquired	19-Jan-07
Leaseholds and Leasehold Improvements \| Subtotal
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	178,600
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	180,551	[1]
Leaseholds and Leasehold Improvements \| Summit At Snowqualmie Resort Snoqualmie Pass Washington
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	792
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	792	[1]
Leaseholds and Leasehold Improvements \| Waterworld Concord California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	7,841
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	7,841	[1]
Leaseholds and Leasehold Improvements \| Magic Springs And Crystal Falls Hot Springs, Arkansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	8
Leaseholds and Leasehold Improvements \| Mountain High Resort Wrightwood, California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	14,022
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	14,061	[1]
Leaseholds and Leasehold Improvements \| Sugarloaf Mountain Resort Carrabassett Valley, Maine
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	2,000	[1]
Leaseholds and Leasehold Improvements \| Mount Sunapee Mountain Resort Newbury, New Hampshire
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	6,727
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	6,909	[1]
Leaseholds and Leasehold Improvements \| Okemo Mountain Resort Ludlow, Vermont
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	25,086
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	25,144	[1]
Leaseholds and Leasehold Improvements \| Crested Butte Mountain Resort Mt Crested Butte, Colorado
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	18,843
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	19,431	[1]
Leaseholds and Leasehold Improvements \| Hawaiian Waters Kapolei, Hawaii
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	13,399
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	13,425	[1]
Leaseholds and Leasehold Improvements \| Great Wolf Lodge Sandusky Sandusky, Ohio
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	26	[1]
Leaseholds and Leasehold Improvements \| Pacific Park Santa Monica, California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	25,046
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	25,226	[1]
Leaseholds and Leasehold Improvements \| Stevens Pass Skykomish, King And Chelan County, WA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	13,084
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	14,485	[1]
Leaseholds and Leasehold Improvements \| Phoenix Wet n Wild Waterpark Phoenix, Arizona
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	8,715
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	8,901	[1]
Leaseholds and Leasehold Improvements \| Gatlinburg Sky Lift Gatlinburg, Tennessee
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	19,154
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	19,186	[1]
Leaseholds and Leasehold Improvements \| Hawaiian Falls Waterparks Garland And The Colony, Texas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	3,663
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	3,812	[1]
Leaseholds and Leasehold Improvements \| Cypress Mountain Vancouver, British Columbia
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	19,001
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	16,032	[1]
Leaseholds and Leasehold Improvements \| The Omni Mount Washington Resort and Bretton Woods Ski Area Bretton Woods, New Hampshire
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	10
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	10	[1]
Leaseholds and Leasehold Improvements \| Brighton Ski Resort Brighton, Utah
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	2,123
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	2,123	[1]
Leaseholds and Leasehold Improvements \| Sierra At Tahoe Resort South Lake Tahoe, California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	800
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	800	[1]
Leaseholds and Leasehold Improvements \| Loon Mountain Resort Lincoln, New Hampshire
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	346
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	347	[1]
Buildings \| Subtotal
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	315,770
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	406,781	[1]
Buildings \| Summit At Snowqualmie Resort Snoqualmie Pass Washington
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	8,802
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	11,171	[1]
Buildings \| White Water Bay Oklahoma City, Oklahoma
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	5,461
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	6,055	[1]
Buildings \| Splashtown Houston, Texas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	1,609
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	5,082	[1]
Buildings \| Waterworld Concord California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	728
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	922	[1]
Buildings \| Elitch Gardens Denver, Colorado
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	7,480
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	7,970	[1]
Buildings \| Darien Lake Buffalo, New York
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	21,967
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	21,875	[1]
Buildings \| Frontier City Oklahoma City, Oklahoma
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	7,518
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	8,224	[1]
Buildings \| Wild Waves And Enchanted Village Seattle, Washington
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	2,837
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	3,135	[1]
Buildings \| Magic Springs And Crystal Falls Hot Springs, Arkansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	10,409
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	10,690	[1]
Buildings \| Mountain High Resort Wrightwood, California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	7,571
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	8,054	[1]
Buildings \| Sugarloaf Mountain Resort Carrabassett Valley, Maine
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	5,658
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	7,854	[1]
Buildings \| Sunday River Resort Newry, Maine
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	12,256
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	13,713	[1]
Buildings \| The Northstar Commercial Village Lake Tahoe, California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	33,932
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	37,705	[1]
Buildings \| Coco Key Water Resort Orlando, Florida
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	777
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	12,282	[1]
Buildings \| Myrtle Waves Myrtle Beach South Carolina
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	5,875
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	5,875	[1]
Buildings \| Mount Sunapee Mountain Resort Newbury, New Hampshire
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	5,253
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	5,422	[1]
Buildings \| Okemo Mountain Resort Ludlow, Vermont
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	16,684
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	17,191	[1]
Buildings \| Crested Butte Mountain Resort Mt Crested Butte, Colorado
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	11,188
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	12,559	[1]
Buildings \| Jiminy Peak Mountain Resort Hancock, Massachusetts
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	8,164
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	8,431	[1]
Buildings \| Hawaiian Waters Kapolei, Hawaii
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	3,458
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	3,739	[1]
Buildings \| Great Wolf Lodge Wisconsin Dells Wisconsin Dells, Wisconsin
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	17,632
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	19,509	[1]
Buildings \| Great Wolf Lodge Sandusky Sandusky, Ohio
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	30,061
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	30,995	[1]
Buildings \| Pacific Park Santa Monica, California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	1,575
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	2,030	[1]
Buildings \| Stevens Pass Skykomish, King And Chelan County, WA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	5,280
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	4,669	[1]
Buildings \| Rapids Waterpark West Palm Beach, Florida
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	9,044
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	9,403	[1]
Buildings \| Soak City Palm Springs, California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	3,259
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	3,259	[1]
Buildings \| Phoenix Wet n Wild Waterpark Phoenix, Arizona
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	4,748
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	4,849	[1]
Buildings \| Gatlinburg Sky Lift Gatlinburg, Tennessee
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	175
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	175	[1]
Buildings \| Hawaiian Falls Waterparks Garland And The Colony, Texas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	758
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	798	[1]
Buildings \| Cypress Mountain Vancouver, British Columbia
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	735
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	12,112	[1]
Buildings \| The Omni Mount Washington Resort and Bretton Woods Ski Area Bretton Woods, New Hampshire
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	28,114
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	62,814	[1]
Buildings \| Funtasticks Fun Center Tucson, Arizona
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	1,413
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	1,438	[1]
Buildings \| Camelot Park Bakersfield, California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	70
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	72	[1]
Buildings \| Zuma Fun Center Charlotte, North Carolina
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	1,072
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	1,072	[1]
Buildings \| Mountasia Family Fun Center North Richland Hills, Texas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	635
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	635	[1]
Buildings \| Zuma Fun Center South Houston, Texas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	558
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	577	[1]
Buildings \| Brighton Ski Resort Brighton, Utah
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	11,233
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	13,222	[1]
Buildings \| Northstar At Tahoe Resort Lake Tahoe, California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	8,534
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	15,820	[1]
Buildings \| Sierra At Tahoe Resort South Lake Tahoe, California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	8,574
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	9,294	[1]
Buildings \| Loon Mountain Resort Lincoln, New Hampshire
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Buildings and Lease-hold Interests and Improvements	4,673
Gross Amounts at which Carried at Close of Period, Buildings and Lease-hold Interests and Improvements	$6,089	[1]

[1]	The aggregate cost for federal income tax purposes is approximately $1.8 billion.
[2]	The property is encumbered at December 31, 2014.
[3]	Buildings and improvements are depreciated over 39 years. Leasehold improvements are depreciation over their estimated useful lives.

Schedule_IIIReal_Estate_and_Ac1

Schedule III-Real Estate and Accumulated Depreciation (Summary of Transactions in Real Estate and Accumulated Depreciation) (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Real Estate gross carrying value, Beginning Balance	$2,142,067	$2,216,709	$2,044,936
Acquisitions	169,417	249,136	190,787
Dispositions and assets held for sale	-1,108,581	-181,424	-18,334
Impairment provision	-64,795	-142,354	-680
Real Estate gross carrying value, Ending Balance	1,138,108	2,142,067	2,216,709
Real Estate accumulated depreciation, Beginning Balance	415,216	355,891	-282,937
Depreciation	-59,109	-77,484	-73,055
Accumulated depreciation on dispositions and assets held for sale	194,784	18,159	101
Real Estate accumulated depreciation, Ending Balance	($279,541)	($415,216)	($355,891)

Schedule_IIIReal_Estate_and_Ac2

Schedule III-Real Estate and Accumulated Depreciation (Parenthetical) (Detail) (USD $)	0 Months Ended		12 Months Ended
	Aug. 12, 2011	Jul. 23, 2006	Dec. 31, 2014	Dec. 31, 2013
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Buildings and improvements useful life			39 years
Aggregate cost for federal income tax purpose			$1,800,000,000
Purchase Price	$10,500,000	$45,000,000	$153,900,000	$244,859,000

Recovered_Sheet4

Schedule IV-Mortgage Loans on Real Estate (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013
Mortgage Loans on Real Estate [Line Items]
Accrued interest	$864		$5,655
Loan Principal Balance	20,015		117,014
Acquisition fees, net	46		97
Loan loss provision	-1,564	[1],[2]	-4,803	[1],[2]
Loan Principal Balance, total carrying amount	19,361		117,963
Accrued interest
Mortgage Loans on Real Estate [Line Items]
Accrued interest	864
Big Sky Resort
Mortgage Loans on Real Estate [Line Items]
Date of Loan Agreement(s)	23-Sep-08
Maturity date	NaN, NaN	[3]
Interest Rate	12.00%
Loan Principal Balance			68,000
CMR Properties, LLC and CM Resort, LLC (one ski property)
Mortgage Loans on Real Estate [Line Items]
Date of Loan Agreement(s)	15-Jun-10	[2]
Maturity date	30-Sep-22	[2]
Interest Rate, minimum	9.00%	[2]
Interest Rate, maximum	11.00%	[2]
Loan Principal Balance	16,620	[2]	16,620	[2]
CMR Properties, LLC and CM Resort, LLC (one ski property) \| Accrued interest
Mortgage Loans on Real Estate [Line Items]
Accrued interest	840	[2]
Boyne USA, Inc. (four ski resorts)
Mortgage Loans on Real Estate [Line Items]
Date of Loan Agreement(s)	10-Aug-09
Maturity date	NaN, NaN	[3]
Interest Rate, minimum	6.30%
Interest Rate, maximum	15.00%
Loan Principal Balance			13,896
Evergreen Alliance Golf Limited, L.P.
Mortgage Loans on Real Estate [Line Items]
Date of Loan Agreement(s)	12-Nov-10	[1]
Maturity date	NaN, NaN	[1]
Loan Principal Balance			5,781	[1]
Evergreen Alliance Golf Limited, L.P. \| LIBOR
Mortgage Loans on Real Estate [Line Items]
Term loan receivable, interest rate above LIBOR	4.00%	[1]
PARC Myrtle Waves, LLC (one attractions property)
Mortgage Loans on Real Estate [Line Items]
Date of Loan Agreement(s)	10-Feb-11	[4]
Maturity date	NaN, NaN	[4]
Interest Rate	7.50%	[4]
Loan Principal Balance			9,000	[4]
Loan loss provision			-1,300
Grand Prix Tampa, LLC (one attractions property)
Mortgage Loans on Real Estate [Line Items]
Date of Loan Agreement(s)	31-Jul-11
Maturity date	31-Jul-16
Interest Rate	8.50%
Loan Principal Balance	3,395		3,442
Grand Prix Tampa, LLC (one attractions property) \| Accrued interest
Mortgage Loans on Real Estate [Line Items]
Accrued interest	24
RSA Properties, Misson Hills (one golf facility)
Mortgage Loans on Real Estate [Line Items]
Date of Loan Agreement(s)	28-Mar-13
Maturity date	NaN, NaN	[3]
Interest Rate	9.00%
Loan Principal Balance			275
Accruing Interest
Mortgage Loans on Real Estate [Line Items]
Accrued interest	864		5,655
Loan loss provision
Mortgage Loans on Real Estate [Line Items]
Loan loss provision	($1,564)	[1],[2]	($4,803)	[1],[2]

[1]	During 2014, the Company recorded a loan provision of $3.3 million and collected the remaining balance of $1.3 million relating to this loan.
[2]	In December 2013, one of the Company's borrowers approached the Company about modifying the terms of their debt service payments due to its current financial challenges. In anticipation of providing payment concessions to the borrower, the Company recorded a loan loss provision of approximately $1.8 million representing the difference between the expected future cash flows discounted at the original loan's effective interest rate and the net carrying value of the loan.
[3]	The Company collected the outstanding balances during the year ended December 31, 2014.
[4]	During the year ended December 31, 2013, the Company recorded an additional loan loss provision of approximately $1.3 million in anticipation of the foreclosure of an attractions property that served as collateral on one of its other existing loans. The estimated fair value of the collateral was $7.9 million, which approximated the carrying value of the loan. The attractions property was foreclosed during the year ended December 31, 2014.

Schedule_IVMortgage_Loans_on_R1

Schedule IV-Mortgage Loans on Real Estate (Parenthetical) (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Mortgage Loans on Real Estate [Line Items]
Loan loss provision	$3,270,000		$3,104,000		$1,699,000
Proceed from mortgage loan receivable	1,300,000
Loan loss provision	3,300,000
Estimated fair value of collateral	7,900,000
Loan loss provision	1,564,000	[1],[2]	4,803,000	[1],[2]
CMR Properties, LLC and CM Resort, LLC (one ski property)
Mortgage Loans on Real Estate [Line Items]
Loan loss provision			1,800,000
PARC Myrtle Waves, LLC (one attractions property)
Mortgage Loans on Real Estate [Line Items]
Loan loss provision			$1,300,000

[1]	In December 2013, one of the Company's borrowers approached the Company about modifying the terms of their debt service payments due to its current financial challenges. In anticipation of providing payment concessions to the borrower, the Company recorded a loan loss provision of approximately $1.8 million representing the difference between the expected future cash flows discounted at the original loan's effective interest rate and the net carrying value of the loan.
[2]	During 2014, the Company recorded a loan provision of $3.3 million and collected the remaining balance of $1.3 million relating to this loan.

Schedule_IVMortgage_Loans_on_R2

Schedule IV-Mortgage Loans on Real Estate (Summary of Mortgage Loans on Real Estate) (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Mortgage Loans on Real Estate [Line Items]
Balance at beginning of period	$117,963	$124,730
New mortgage loans		408
Principal reduction	-83,468	-4,413
Foreclosed and converted to real estate	-7,745
Loan loss provision	-3,270	-3,104
Write off of loan loss provision	1,008
Accrued and deferred interest	-4,791	354
Acquisition fees allocated, net	-51	-12
Other	-285
Mortgage Loans on Real Estate	$19,361	$117,963