CONSOLIDATED STATEMENT OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Net loss	$ (320,655)	$ (141,595)
Adjustments to reconcile net loss to net cash used in operating activities:
Issuance of OP Units	153,884	108,247
Depreciation	111,015	21,474
Amortization of intangible lease assets	40,159	5,279
Amortization of deferred costs	38,064	1,222
Amortization of above- and below-market leases, net	358	68
Amortization of intangible assets	13,992	0
Amortization of discounts and premiums	(18,411)	0
Gain on disposition of properties	(2,979)	(14)
Equity based compensation	22,510	3,260
Equity in income of unconsolidated entities	(251)	0
Loss on derivative instruments	8,048	5
Gain on sale of investments, net	0	(451)
Loss on extinguishment of debt	15,681	0
Changes in assets and liabilities:
Investment in direct financing leases	(3,104)	0
Deferred costs and other assets, net	3,348	(4,710)
Due from affiliates	(8,349)	0
Accounts payable and accrued expenses	(148,052)	(1,960)
Deferred rent, derivative and other liabilities	(12,365)	1,024
Due to affiliates	981	0
Net cash used in operating activities	(106,126)	(8,151)
Cash flows from investing activities:
Investments in real estate and other assets	(672,856)	(412,628)
Acquisition of a real estate business, net of cash acquired	(681,510)	0
Capital expenditures	(4,796)	0
Principal repayments received from borrowers	3,062	0
Investments in unconsolidated entities	(2,500)	0
Return of investment from unconsolidated entities	941	0
Proceeds from disposition of properties	60,036	0
Investment in intangible assets	(258)	0
Deposits for real estate investments	(55,029)	(7,769)
Uses and refunds of deposits for real estate investments	137,688	0
Purchases of investment securities	0	(63,269)
Line of credit advances to affiliates	(36,000)	0
Line of credit repayments from affiliates	39,100	0
Proceeds from sale of investment securities	0	44,198
Net cash used in investing activities	(1,212,122)	(439,468)
Cash flows from financing activities:
Proceeds from mortgage notes payable	669,336	0
Payments on mortgage notes payable	(739,087)	0
Payments on other debt	(4,938)	0
Proceeds from credit facilities	2,131,000	675,000
Payments on credit facilities	(2,994,000)	(159,604)
Proceeds from corporate bonds	2,545,760	0
Payments of deferred financing costs	(43,037)	(24,587)
Common stock repurchases	0	(350,522)
Proceeds from issuances of common stock	0	1,317,389
Payments of offering costs and fees related to stock issuances	(1,715)	(138,578)
Consideration to Former Manager for internalization	0	(3,035)
Contributions from non-controlling interest holders	279	750
Distributions to non-controlling interest holders	(9,589)	(921)
Distributions paid	(201,485)	(40,636)
Payments to affiliates, net	0	(526)
Change in restricted cash	(3,934)	(179)
Net cash provided by financing activities	1,348,590	1,274,551
Net change in cash and cash equivalents	30,342	826,932
Cash and cash equivalents, beginning of period	52,725	292,575
Cash and cash equivalents, end of period	83,067	1,119,507
Supplemental Disclosures:
Cash paid for interest	52,518	1,363
Cash paid for income taxes	0	222
Non-cash investing and financing activities:
Common stock issued through distribution reinvestment plan	$ 0	$ 7,498