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CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2014
Dec. 31, 2013
Real estate investments, at cost:    
Land $ 3,226,615,000 $ 1,378,865,000
Buildings, fixtures and improvements 11,841,722,000 5,291,031,000
Land and construction in progress 40,459,000 21,839,000
Acquired intangible lease assets 2,209,747,000 758,376,000
Total real estate investments, at cost 17,318,543,000 7,450,111,000
Less: accumulated depreciation and amortization (422,355,000) (269,684,000)
Total real estate investments, net 16,896,188,000 7,180,427,000
Investment in unconsolidated entities 105,775,000 0
Investment in direct financing leases, net 65,723,000 66,112,000
Investment securities, at fair value 213,803,000 62,067,000
Loans held for investment, net 98,185,000 26,279,000
Cash and cash equivalents 83,067,000 52,725,000
Restricted cash 55,559,000 35,921,000
Intangible assets, net 371,634,000 0
Deferred costs and other assets, net 294,694,000 279,109,000
Goodwill 2,287,122,000 102,419,000
Due from affiliates 8,550,000 0
Total assets 20,480,300,000 7,805,059,000
LIABILITIES AND EQUITY    
Mortgage notes payable, net 4,234,668,000 1,301,114,000
Corporate bonds, net 2,545,884,000 0
Convertible debt, net 973,737,000 972,490,000
Credit facilities 2,415,800,000 1,969,800,000
Other debt, net 148,809,000 104,804,000
Below-market lease liabilities, net 287,199,000 77,789,000
Accounts payable and accrued expenses 143,860,000 808,900,000
Deferred rent, derivative and other liabilities 195,826,000 40,271,000
Distributions payable 4,414,000 10,278,000
Due to affiliates 217,000 0
Total liabilities 10,950,414,000 5,285,446,000
Common stock, $0.01 par value, 1,500,000,000 and 750,000,000 shares authorized and 769,931,938 and 239,234,725 issued and outstanding at March 31, 2014 and December 31, 2013, respectively 7,699,000 2,392,000
Additional paid-in capital 10,305,815,000 2,939,287,000
Accumulated other comprehensive income 13,397,000 7,666,000
Accumulated deficit (1,365,467,000) (867,436,000)
Total stockholders’ equity 8,961,871,000 2,082,331,000
Non-controlling interests 298,716,000 167,983,000
Total equity 9,260,587,000 2,250,314,000
Total liabilities and equity 20,480,300,000 7,805,059,000
Series D preferred stock, $0.01 par value, 21,735,008 shares (part of 100,000,000 aggregate preferred shares authorized) issued and outstanding at March 31, 2014 and December 31, 2013, respectively
   
LIABILITIES AND EQUITY    
Preferred stock 269,299,000 269,299,000
Preferred stock (excluding Series D Preferred Stock), $0.01 par value, 100,000,000 shares authorized and 42,654,919 and 42,199,547 shares issued and outstanding at March 31, 2014 and December 31, 2013
   
LIABILITIES AND EQUITY    
Preferred stock $ 427,000 $ 422,000