Gramercy Property Trust 10-K 1 Mar 17 2016 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Feb. 24, 2017	Jun. 30, 2016
Document And Entity Information [Abstract]
Entity Registrant Name	Gramercy Property Trust
Entity Central Index Key	1,297,587
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Trading Symbol	gpt
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		141,396,503
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 3,860,346,049

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Real estate investments, at cost:
Land	$ 805,264	$ 702,557
Building and improvements	4,053,125	3,313,747
Less: accumulated depreciation	(201,525)	(84,627)
Total real estate investments, net	4,656,864	3,931,677
Cash and cash equivalents	67,529	128,031
Restricted cash	12,904	17,354
Investment in unconsolidated equity investments	101,807	580,000
Assets held for sale, net	0	420,485
Tenant and other receivables, net	72,795	34,234
Acquired lease assets, net of accumulated amortization of $133,710 and $54,323	618,680	682,174
Other assets	72,948	40,563
Total assets	5,603,527	5,834,518
Liabilities:
Senior unsecured revolving credit facility	65,837	296,724
Exchangeable senior notes, net	108,832	106,581
Mortgage notes payable, net	558,642	530,222
Total long-term debt, net	2,454,775	2,257,651
Accounts payable and accrued expenses	58,380	59,808
Dividends payable	53,074	8,980
Below market lease liabilities, net of accumulated amortization of $26,416 and $17,083	230,183	242,456
Liabilities related to assets held for sale	0	291,364
Other liabilities	46,081	52,290
Total liabilities	2,842,493	2,912,549
Commitments and contingencies
Noncontrolling interest in the Operating Partnership	8,643	10,892
Equity:
Common shares, par value $0.01, 140,647,971 and 140,174,384 issued and outstanding at December 31, 2016 and December 31, 2015, respectively	1,406	1,402
Additional paid-in-capital	3,887,793	3,882,735
Accumulated other comprehensive loss	(4,128)	(5,751)
Accumulated deficit	(1,216,753)	(1,051,454)
Total shareholders' equity	2,752,712	2,911,326
Noncontrolling interest in other partnerships	(321)	(249)
Total equity	2,752,391	2,911,077
Total liabilities and equity	5,603,527	5,834,518
Series A Preferred Stock [Member]
Equity:
Series A cumulative redeemable preferred shares, par value $0.01, liquidation preference $87,500, and 3,500,000 shares authorized, issued and outstanding at December 31, 2016 and December 31, 2015	84,394	84,394
Total equity		84,394
Notes Payable [Member]
Liabilities:
Unsecured debt	496,464	99,124
Term Loan [Member]
Liabilities:
Unsecured debt	$ 1,225,000	$ 1,225,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Acquired lease assets, accumulated amortization (in dollars)	$ 133,710	$ 54,323
Below market lease liabilities, accumulated amortization (in dollars)	$ 26,416	$ 17,083
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares issued	140,647,971	140,174,384
Common stock, shares outstanding	140,647,971	140,174,384
Cumulative redeemable preferred stock, par value (in usd per share)	$ 0.01
Cumulative redeemable preferred stock, shares authorized	10,000,000
Series A Preferred Stock [Member]
Cumulative redeemable preferred stock, par value (in usd per share)	$ 0.01	$ 0.01
Cumulative redeemable preferred stock, liquidation preference (in dollars)	$ 87,500	$ 87,500
Cumulative redeemable preferred stock, shares authorized	3,500,000	3,500,000
Cumulative redeemable preferred stock, shares issued	3,500,000	3,500,000
Cumulative redeemable preferred stock, shares outstanding	3,500,000	3,500,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues
Rental revenue		$ 387,032	$ 169,986	$ 60,258
Third-party management fees		35,766	22,271	25,033
Operating expense reimbursements		86,878	41,814	20,604
Other income		7,588	3,201	2,045
Total revenues		517,264	237,272	107,940
Operating Expenses
Property operating expenses		93,123	42,076	21,120
Property management expenses		20,118	19,446	17,500
Depreciation and amortization		241,527	97,654	36,408
General and administrative expenses		33,237	19,794	18,416
Acquisition and merger-related expenses		9,558	61,340	6,171
Total operating expenses		397,563	240,310	99,615
Operating Income (Loss)		119,701	(3,038)	8,325
Other Expenses:
Interest expense		(75,434)	(34,663)	(16,586)
Other-than-temporary impairment		0	0	(4,064)
Portion of impairment recognized in other comprehensive loss		0	0	(752)
Net impairment recognized in earnings		0	0	(4,816)
Loss on derivative instruments		0	0	(3,300)
Equity in net income (loss) of unconsolidated equity investments		2,409	(1,107)	1,959
Gain on dissolution of previously held U.S. unconsolidated equity investment interests		7,229	0	0
Gain on remeasurement of previously held unconsolidated equity investment interests		0	0	72,345
Loss on extinguishment of debt		(20,890)	(9,472)	(1,925)
Impairment of real estate investments		(11,107)	0	0
Income (loss) from continuing operations before provision for taxes		21,908	(48,280)	56,002
Provision for taxes		(3,160)	(2,153)	(809)
Income (loss) from continuing operations		18,748	(50,433)	55,193
Income (loss) from discontinued operations before gain on extinguishment of debt and net gain on disposals		3,148	875	(524)
Gain on extinguishment of debt		1,930	0	0
Net gain on disposals		321	0	0
Income from discontinued operations		5,399	875	(524)
Income (loss) before net gain on disposals		24,147	(49,558)	54,669
Gain on sale of European unconsolidated equity investment interests held with a related party		5,341	0	0
Net gain on disposals		3,877	839	0
Net income (loss)		33,365	(48,719)	54,669
Net income (loss) attributable to noncontrolling interest		(7)	791	236
Net income (loss) attributable to Gramercy Property Trust		33,358	(47,928)	54,905
Preferred share redemption costs		0	0	(2,912)
Preferred share dividends		(6,234)	(6,234)	(7,349)
Net income (loss) available to common shareholders		$ 27,124	$ (54,162)	$ 44,644
Basic earnings per share:
Net income (loss) from continuing operations, after preferred dividends (in usd per share)	[1]	$ 0.15	$ (0.90)	$ 1.62
Net income (loss) from discontinued operations (in usd per share)	[1]	0.04	0.01	(0.02)
Net income (loss) available to common stockholders (in usd per share)	[1]	0.19	(0.89)	1.60
Diluted earnings per share:
Net income (loss) from continuing operations, after preferred dividends (in usd per share)	[1]	0.15	(0.90)	1.58
Net income (loss) from discontinued operations (in usd per share)	[1]	0.04	0.01	(0.02)
Net income (loss) available to common stockholders (in usd per share)	[1]	$ 0.19	$ (0.89)	$ 1.56
Basic weighted average common shares outstanding (in shares)	[1]	140,192,424	60,698,716	27,860,728
Diluted weighted average common shares and common share equivalents outstanding (in shares)	[1]	141,009,021	60,698,716	28,641,836
[1]	Adjusted for the 1-for-3 reverse share split completed on December 30, 2016. Refer to Note 12 for further information related to the reverse share split.

Consolidated Statements of Ope5

Consolidated Statements of Operations (Parenthetical)	1 Months Ended		12 Months Ended
	Dec. 31, 2016	Feb. 28, 2015	Dec. 31, 2016
Income Statement [Abstract]
Reverse stock split ratio	0.3333	0.25	0.3333

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 33,365	$ (48,719)	$ 54,669
Other comprehensive income (loss):
Unrealized gain (loss) on available for sale debt securities	2,689	1,476	752
Unrealized gain (loss) on derivative instruments	5,634	(2,885)	(3,002)
Reclassification of accumulated foreign currency translation adjustments due to disposal	(3,737)	0	0
Disposition of European investment	1,944	0	0
Foreign currency translation adjustments	(6,094)	(594)	(48)
Reclassification of unrealized loss on terminated derivative instruments into net earnings	1,187	(45)	0
Other comprehensive income (loss)	1,623	(2,048)	(2,298)
Comprehensive income (loss)	34,988	(50,767)	52,371
Net (income) loss attributable to noncontrolling interest	(7)	791	236
Other comprehensive (income) loss attributable to noncontrolling interest	(54)	(4)	41
Comprehensive income (loss) attributable to Gramercy Property Trust	$ 34,927	$ (49,980)	$ 52,648

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Deficit) and Noncontrolling Interest - USD ($) $ in Thousands	Total	Total Gramercy Property Trust [Member]	Common Shares [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings/(Accumulated Deficit) [Member]	Noncontrolling Interest [Member]	Series A Preferred Stock [Member]	Series A Preferred Stock [Member]Total Gramercy Property Trust [Member]	Series A Preferred Stock [Member]Retained Earnings/(Accumulated Deficit) [Member]	Series B Preferred Stock [Member]	Series B Preferred Stock [Member]Total Gramercy Property Trust [Member]	Series B Preferred Stock [Member]Retained Earnings/(Accumulated Deficit) [Member]
Balance (in shares) at Dec. 31, 2013			18,956,196
Balance at Dec. 31, 2013	$ 266,473	$ 266,473	$ 190		$ 1,149,777	$ (1,405)	$ (967,324)	$ 0	$ 85,235			$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued in connection with merger (in shares)	0
Net income (loss)	$ 54,905	54,905					54,905
Change in net unrealized loss on derivative instruments	(3,002)	(3,002)				(3,002)
Reclassification of fair value of embedded exchange option on 3.75% exchangeable senior notes	11,726	11,726			11,726
Change in net unrealized gain on debt securities	752	752				752
Reclassification of unrealized gain of terminated derivative instruments into earnings	0
Offering costs	(32,313)	(32,313)			(29,207)							(3,106)
Stock redemption costs	(3)	(3)							(3)
Redemption of Series A cumulative redeemable preferred stock	(88,144)	(88,144)					(2,912)		(85,232)
Issuance of stock (in shares)			30,344,409
Issuance of stock	715,334	715,334	$ 303		627,531							87,500
Issuance of stock - stock purchase plan (in shares)			1,665
Issuance of stock - stock purchase plan	27	27			27
Stock based compensation - fair value	$ 2,483	2,483			2,483
Proceeds from stock options exercised (in shares)	7,975		7,975
Proceeds from stock options exercised	$ 91	91			91
Conversion of OP Units to commons stock (in shares)			383,003
Conversion of OP Units to common stock	8,739	8,739	$ 4		8,735
Reallocation of noncontrolling interest in the Operating Partnership	(2,636)	(2,636)			(2,636)
Disposition of European unconsolidated equity investment interests held with a related party	0
Disposition of European investment	0
Dividends on preferred shares	(7,349)								(4,993)	$ (4,993)	$ (4,993)	(2,356)	$ (2,356)	$ (2,356)
Dividends on common stock	(20,254)	(20,254)					(20,254)
Foreign currency translation adjustments	(48)	(48)				(48)
Balance (in shares) at Dec. 31, 2014			49,693,248
Balance at Dec. 31, 2014	$ 906,781	906,781	$ 497		1,768,527	(3,703)	(942,934)	0	0			84,394
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued in connection with merger (in shares)	1,829,241,000		78,903,588
Shares issued in connection with merger	$ 1,829,241	1,829,241	$ 789		1,828,452				84,394			(84,394)
Net income (loss)	(48,343)	(47,928)					(47,928)	(415)
Change in net unrealized loss on derivative instruments	(2,930)	(2,930)				(2,930)
Change in net unrealized gain on debt securities	1,476	1,476				1,476
Reclassification of unrealized gain of terminated derivative instruments into earnings	(45)
Offering costs	(12,090)	(12,090)			(12,090)
Issuance of stock (in shares)			11,091,607
Issuance of stock	289,900	289,900	$ 111		289,789
Issuance of stock - stock purchase plan (in shares)			4,369
Issuance of stock - stock purchase plan	80	80			80
Stock based compensation - fair value (in shares)			330,529
Stock based compensation - fair value	$ 3,455	3,455	$ 4		3,451
Proceeds from stock options exercised (in shares)	0
Conversion of OP Units to commons stock (in shares)			151,043
Conversion of OP Units to common stock	$ 3,788	3,788	$ 1		3,787
Reallocation of noncontrolling interest in the Operating Partnership	739	739			739
Disposition of European unconsolidated equity investment interests held with a related party	0
Disposition of European investment	0
Dividends on preferred shares	(6,234)											(6,234)	(6,234)	$ (6,234)
Dividends on common stock	(54,358)	(54,358)					(54,358)
Contributions to consolidated equity investment								171	171
Foreign currency translation adjustments	$ (594)					(594)		(5)				(599)	$ (594)
Balance (in shares) at Dec. 31, 2015	140,174,384		140,174,384
Balance at Dec. 31, 2015	$ 2,911,077	2,911,326	$ 1,402	$ 84,394	3,882,735	(5,751)	(1,051,454)	(249)	$ 84,394			$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued in connection with merger (in shares)	0
Net income (loss)	$ 33,281	33,358					33,358	(77)
Change in net unrealized loss on derivative instruments	5,634	5,634				5,634
Change in net unrealized gain on debt securities	2,689	2,689				2,689
Reclassification of unrealized gain of terminated derivative instruments into earnings	1,187	1,187				1,187
Offering costs	(225)	(225)			(225)
Issuance of stock (in shares)			621
Issuance of stock	16	16			16
Stock based compensation - fair value (in shares)			300,490
Stock based compensation - fair value	$ 3,347	3,347	$ 3		3,344
Proceeds from stock options exercised (in shares)	15,948		15,948
Proceeds from stock options exercised	$ 167	167			167
Dividend reinvestment program proceeds (in shares)	697		76
Dividend reinvestment program proceeds	$ 2	2			2
Conversion of OP Units to commons stock (in shares)			156,452
Conversion of OP Units to common stock	4,159	4,159	$ 1		4,158
Reallocation of noncontrolling interest in the Operating Partnership	(2,404)	(2,404)			(2,404)
Disposition of European unconsolidated equity investment interests held with a related party	(3,737)	(3,737)				(3,737)
Foreign currency translation adjustment	(6,089)	(6,094)				(6,094)		5
Disposition of European investment	1,944	1,944				1,944
Dividends on preferred shares	(6,234)	(6,234)					(6,234)
Dividends on common stock	(192,423)	(192,423)					(192,423)
Foreign currency translation adjustments	$ (6,094)
Balance (in shares) at Dec. 31, 2016	140,647,971		140,647,971
Balance at Dec. 31, 2016	$ 2,752,391	$ 2,752,712	$ 1,406	$ 84,394	$ 3,887,793	$ (4,128)	$ (1,216,753)	$ (321)

Consolidated Statements of Sto8

Consolidated Statements of Stockholders' Equity (Deficit) and Noncontrolling Interest (Parenthetical)	Dec. 31, 2016	Dec. 31, 2014
Convertible Debt [Member] | Exchangeable Senior Notes 3.75% [Member]
Interest Rate	3.75%	3.75%

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating Activities:
Net income (loss)	$ 33,365	$ (48,719)	$ 54,669
Adjustments to net cash provided by operating activities:
Depreciation and amortization	241,637	97,654	36,408
Amortization of acquired leases to rental revenue and expense	(10,699)	(12,249)	(2,352)
Amortization of deferred costs	1,719	3,711	1,991
Amortization of discounts and other fees	(3,814)	(3,212)	(959)
Amortization of lease inducement costs	346	269	175
Straight-line rent adjustment	(25,548)	(12,406)	(3,995)
Non-cash impairment charges	11,195	0	4,816
Net realized gain on loans	(4,286)	(839)	0
Loss on derivative instruments	0	0	3,300
Distributions received from unconsolidated equity investments	50,891	5,704	3,373
Equity in net (income) loss of unconsolidated equity investments	(2,409)	1,107	(1,959)
Gain on remeasurement of previously held unconsolidated equity investment interests	(7,229)	0	0
Gain from remeasurement of previously held joint ventures	0	0	(72,345)
Gain from sale of unconsolidated equity investment interests held with a related party	(5,341)	0	0
Loss on extinguishment of debt	18,960	9,472	1,925
Amortization of share-based compensation	5,356	6,562	2,483
Provision for loan losses
Restricted cash	7,437	(3,667)	(272)
Payment of capitalized leasing costs	(13,616)	(3,132)	(77)
Tenant and other receivables	(18,727)	5,403	4,983
Other assets	(11,059)	10,946	(11,384)
Accounts payable, accrued expenses and other liabilities	(24,854)	(22,912)	12,007
Other liabilities	(6,610)	0	0
Net cash provided by operating activities	236,714	33,692	32,787
Investing Activities:
Capital expenditures	(43,429)	(4,577)	(16,496)
Distributions from investing activities received from unconsolidated equity investments	97,932	0	3,841
Proceeds from sales of unconsolidated equity investment interests held with a related party	151,546	0	0
Proceeds from sale of real estate	975,425	73,796	0
Cash acquired in connection with Merger	0	24,687	0
Return of restricted cash held in escrow for 1031 exchange	(31)	0	0
Unconsolidated equity investments	(33,632)	(25,959)	0
Acquisition of real estate, net of cash acquired of $0, $4,108, and $0	(1,059,691)	(919,213)	(461,963)
Acquisition of Gramercy Europe Asset Management, net of cash acquired of $ 0, $0, and $97	0	0	(3,658)
Restricted cash for tenant improvements	6,780	(3,399)	(326)
Proceeds from servicing advances receivable	1,390	0	7,428
Net cash provided by (used for) investing activities	96,290	(854,665)	(471,174)
Financing Activities:
Proceeds from unsecured term loan and credit facility	536,466	2,293,612	275,000
Proceeds from senior unsecured credit facility	400,000	100,000	0
Proceeds from secured credit facility	0	0	23,000
Repayment of unsecured term loans and credit facility	(762,199)	(1,831,806)	(75,000)
Acquisition of treasury bonds for defeasance	(144,063)	0	0
Repayment of secured credit facility	0	0	(68,000)
Proceeds from issuance of exchangeable senior notes	0	0	115,000
Proceeds from mortgage notes payable	9,550	0	0
Repayment of mortgage notes payable	(255,024)	(5,936)	(205,392)
Offering costs	(225)	(12,090)	(28,381)
Proceeds from sale of common stock	16	289,910	627,183
Payment of deferred financing costs	(6,685)	(19,724)	(8,457)
Payment of debt extinguishment costs	(15,868)	0	0
Termination of derivatives	0	(3,784)	0
Proceeds from issuance of Series B stock	0	0	87,500
Issuance costs for Series B stock	0	0	(3,004)
Redemption of Series A stock	0	0	(89,279)
Preferred share dividends paid	(6,234)	(6,234)	(43,814)
Common share dividends paid	(148,501)	(54,868)	(10,792)
Proceeds from exercise of share options and purchases under the employee share purchase plan	167	80	118
Contributions from noncontrolling interests in other entities	0	169	0
Distribution to noncontrolling interest in the Operating Partnership	(406)	(421)	(86)
Change in restricted cash from financing activities	(279)	(50)	(425)
Net cash provided by (used in) financing activities	(393,285)	748,858	595,171
Net increase (decrease) in cash and cash equivalents	(60,281)	(72,115)	156,784
Increase (decrease) in cash and cash equivalents related to foreign currency translation	(221)	77	(48)
Cash and cash equivalents at beginning of period	128,031	200,069	43,333
Cash and cash equivalents at end of period	$ 67,529	$ 128,031	$ 200,069

Consolidated Statements of Ca10

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash acquired from acquisition	$ 0	$ 24,687	$ 0
Real Estate Investment [Member]
Cash acquired from acquisition	0	4,108	0
Gramercy Europe Asset [Member]
Cash acquired from acquisition	$ 0	$ 0	$ 97

Business and Organization

Business and Organization	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Organization	Business and Organization Gramercy Property Trust, or the Company or Gramercy, a Maryland real estate investment trust, or REIT, is a leading global investor and asset manager of commercial real estate. Gramercy specializes in acquiring and managing single-tenant, net leased industrial, office, and specialty retail properties. The Company focuses on income producing properties leased to high quality tenants in major markets in the United States and Europe. Gramercy earns revenues primarily through rental revenues on properties that it owns in the United States and asset management revenues on properties owned by third parties in the United States and Europe. The Company also owns unconsolidated equity investments in the United States, Europe, and Asia. In December 2015, the Company completed a merger, or the Merger, of Gramercy Property Trust Inc., or Legacy Gramercy, into Chambers Street Properties, or Chambers, pursuant to which Legacy Gramercy stockholders received 3.1898 common shares of beneficial interest of Chambers for each share of common stock of Legacy Gramercy held. Following the Merger, the Company changed its name to “Gramercy Property Trust” and its New York Stock Exchange, or NYSE, trading symbol to “GPT.” In the Merger, Chambers Street Properties, or Chambers, was the legal acquirer and Legacy Gramercy was the accounting acquirer for financial reporting purposes. Thus, the financial information set forth herein subsequent to the close of the Merger on December 17, 2015 reflects results of the combined company, and financial information prior to the close of the Merger reflects Legacy Gramercy results. For this reason, period to period comparisons may not be meaningful. All share and per share data has been adjusted for the 1-for-3 reverse share split that was effective after the close of trading on December 30, 2016, the Merger exchange ratio of 3.1898 effective after the close of trading on December 17, 2015, and for the 1-for-4 reverse stock split that was effective after the close of trading on March 20, 2015. Unless the context requires otherwise, all references to “Company,” “Gramercy,” “we,” “our,” and “us” mean Legacy Gramercy and one or more of its subsidiaries for the periods prior to the Merger closing and Gramercy Property Trust and one or more of its subsidiaries for the period following the Merger closing. As of December 31, 2016 , the Company's wholly-owned portfolio consists of 318 properties comprising 64,963,122 rentable square feet with 98.5% occupancy, excluding build-to-suit properties that have not yet been placed in service. As of December 31, 2016 , the Company has ownership interests in 44 industrial and office properties which are held in unconsolidated equity investments in the United States and Europe and 2 properties held through the investment in CBRE Strategic Partners Asia. Property counts have been adjusted to reflect number of properties instead of number of buildings. Adjustments are reflected throughout the financial statements. As of December 31, 2016 , the Company’s asset management business, which operates under the name Gramercy Asset Management, manages for third-parties approximately $1,200,000 of commercial real estate assets, including approximately $875,000 of assets in Europe. The Company has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended, or the Internal Revenue Code, or IRC, and generally will not be subject to U.S. federal income taxes to the extent it distributes its taxable income, if any, to its shareholders. The Company has in the past established, and may in the future establish taxable REIT subsidiaries, or TRSs, to effect various taxable transactions. Those TRSs would incur U.S. federal, state and local taxes on the taxable income from their activities. The Company's operating partnership, GPT Operating Partnership LP, or the Operating Partnership, is the 100.0% owner of all of its direct and indirect subsidiaries, except that, as of December 31, 2016, third-party holders of limited partnership interests in the Operating Partnership owned approximately 0.46% of the beneficial interest of the Company. These interests are referred to as the noncontrolling interests in the Operating Partnership. See Note 12 for more information on the Company’s noncontrolling interests.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Reclassification Certain prior year balances have been reclassified to conform with the current year presentation. These reclassifications had no effect on the previously reported total assets, total liabilities, equity, or net income (loss). On the December 31, 2015 Consolidated Balance Sheets, the Company reclassified servicing advances receivable of $1,382 , retained CDO bonds of $7,471 , deferred costs of $13,950 , and goodwill of $3,568 into other assets and reclassified accrued interest payable of $4,546 , deferred revenue of $36,031 , and derivative instruments of $3,442 into other liabilities. On the Consolidated Statements of Operations, the Company reclassified investment income of $1,763 and $1,824 for the years ended December 31, 2015 and 2014, respectively, into other income. During the first quarter of 2016, the Company adopted ASU 2015-03, Simplifying the Presentation of Debt Issuances Costs, which requires the Company to reclassify debt financing costs, which were previously accounted for within the asset section, and present them in the balance sheet as a direct deduction from the carrying amount of the corresponding debt liability, with the exception of deferred financing costs associated with the credit facility which remain in other assets on the Consolidated Balance Sheets. Deferred financing costs totaling $6,389 have been reclassified in the December 31, 2015 Consolidated Balance Sheet from the asset section and netted against the corresponding debt liability. See “Recently Issued Accounting Pronouncements” below for further discussion of the new accounting guidance for deferred financing costs. Principles of Consolidation The Consolidated Financial Statements include the Company’s accounts and those of the Company’s subsidiaries which are wholly-owned or controlled by the Company, or entities which are variable interest entities, or VIEs, in which the Company is the primary beneficiary. The primary beneficiary is the party that absorbs a majority of the VIE’s anticipated losses and/or a majority of the expected returns. The Company has evaluated its investments for potential classification as variable interests by evaluating the sufficiency of each entity’s equity investment at risk to absorb losses. Entities which the Company does not control and are considered VIEs, but where the Company is not the primary beneficiary, are accounted for under the equity method. All significant intercompany balances and transactions have been eliminated. The equity interests of other limited partners in the Company’s Operating Partnership are reflected as noncontrolling interests. Real Estate Investments Real Estate Acquisitions The Company records acquired real estate investments as business combinations when the real estate is occupied, at least in part, at acquisition. Costs directly related to the acquisition of such investments are expensed as incurred. The Company allocates the purchase price of real estate to land, building, improvements and intangibles, such as the value of above- and below-market leases, and origination costs associated with the in-place leases at the acquisition date. The Company utilizes various estimates, processes and information to determine the as-if-vacant property value. Estimates of value are made using customary methods, including data from appraisals, comparable sales, discounted cash flow analyses and other methods. Refer to the policy section "Intangible Assets and Liabilities" for more information on how the Company accounts for intangibles. The Company assesses the fair value of the leases at acquisition based upon estimated cash flow projections that utilize appropriate discount rates and available market information. Estimates of future cash flows are based on a number of factors including the historical operating results, known trends, and market/economic conditions that may affect the property. Additionally, for transactions that are business combinations, the Company evaluates the existence of goodwill or a gain from a bargain purchase at the time of acquisition. In January 2017, the FASB issued ASU 2017-01, Amendments to Business Combinations, which amends the current guidance to clarify the definition of a business. The Company has elected to early adopt the new standard in the first quarter of 2017 and as a result, it expects to capitalize substantially all acquisition costs as part of the carrying value of real estate assets acquired. Refer to the section "Recently Issued Accounting Pronouncements" for more information on the new guidance. Acquired real estate investments involving sale-leasebacks that have newly-originated leases or real estate investments under construction, or build-to-suit investments, are recorded as asset acquisitions and accordingly, transaction costs incurred in connection with the acquisition are capitalized. In build-to-suit investments, the Company engages a developer to construct a property or provide funds to a tenant to develop a property. The Company capitalizes the funds provided to the developer/tenant and real estate taxes, if applicable, during the construction period. Depreciation is computed using the straight-line method over the shorter of the estimated useful life at acquisition of the capitalized item or 40 years for buildings, five to ten years for building equipment and fixtures, and the lesser of the useful life or the remaining lease term for tenant improvements and leasehold interests. Maintenance and repair expenditures are charged to expense as incurred. Capital Improvements In leasing space, the Company may provide funding to the lessee through a tenant allowance. Certain improvements are capitalized when they are determined to increase the useful life of the building. During construction of qualifying projects, the Company capitalizes interest, insurance, real estate taxes and administrative costs of the personnel performing such work, if incremental and identifiable. In accounting for tenant allowances, the Company determines whether the allowance represents funding for the construction of leasehold improvements and evaluates the ownership of such improvements. If the Company is considered the owner of the leasehold improvements, the Company capitalizes the amount of the tenant allowance and depreciates it over the shorter of the useful life of the leasehold improvements or the lease term. If the tenant allowance represents a payment for a purpose other than funding leasehold improvements, or in the event the Company is not considered the owner of the improvements for accounting purposes, the allowance is considered to be a lease incentive and is recognized over the lease term as a reduction of rental revenue. Factors considered during this evaluation usually include (i) who holds legal title to the improvements, (ii) evidentiary requirements concerning the spending of the tenant allowance, and (iii) other controlling rights provided by the lease agreement (e.g. unilateral control of the tenant space during the build-out process). Determination of the accounting for a tenant allowance is made on a case-by-case basis, considering the facts and circumstances of the individual tenant lease. Impairments The Company also reviews the recoverability of a property’s carrying value when circumstances indicate a possible impairment of the value of a property. The review of recoverability is based on an estimate of the future undiscounted cash flows, excluding interest charges, expected to result from the property’s use and eventual disposition. These estimates consider factors such as changes in strategy resulting in an increased or decreased holding period, expected future operating income, market and other applicable trends and residual value, as well as the effects of leasing demand, competition and other factors. If management determines impairment exists due to the inability to recover the carrying value of a property, for properties to be held and used, an impairment loss is recorded to the extent that the carrying value exceeds the estimated fair value of the property and for assets held for sale, an impairment loss is recorded to the extent that the carrying value exceeds the fair value less estimated cost of disposal. These assessments are recorded as an impairment loss in the Consolidated Statements of Operations in the period the determination is made. The estimated fair value of the asset becomes its new cost basis. For a depreciable long-lived asset to be held and used, the new cost basis will be depreciated or amortized over the remaining useful life of that asset. Cash and Cash Equivalents The Company considers all highly liquid investments with maturities of three months or less when purchased to be cash equivalents. Restricted Cash The Company had restricted cash of $12,904 and $17,354 at December 31, 2016 and 2015 , respectively, which primarily consisted of reserves for certain capital improvements, leasing, interest and real estate tax and insurance payments as required by certain mortgage loan obligations, as well as proceeds from property sales held by qualified intermediaries to be used for tax-deferred, like-kind exchanges under IRC Section 1031. Variable Interest Entities During the first quarter of 2016, the Company adopted ASU 2015-02, Amendments to the Consolidation Analysis, which modified the analysis it must perform to determine whether it should consolidate certain types of legal entities. Under the revised guidance, the Operating Partnership was determined to be a VIE, for which the Company was the primary beneficiary due to its majority ownership and ability to exercise control over every aspect of the partnerships operations. Because the operating partnership was already consolidated in the Company’s balance sheets, the revised guidance had no impact on the Company’s Consolidated Financial Statements. There were no other legal entities qualifying under the scope of the revised guidance that were consolidated as a result of the adoption. In addition, there were no voting interest entities under prior existing guidance that were determined to be VIEs under the revised guidance. The assets and liabilities of the Company and its Operating Partnership are substantially the same. The Company had three consolidated VIEs as of December 31, 2016 and two consolidated VIEs as of December 31, 2015 . The Company had four unconsolidated VIEs as of December 31, 2016 and 2015 . The following is a summary of the Company’s involvement with VIEs as of December 31, 2016 : Company carrying value-assets Company carrying value-liabilities Face value of assets held by the VIEs Face value of liabilities issued by the VIEs Consolidated VIEs: Operating Partnership $ 5,603,527 $ 2,842,493 $ 5,603,527 $ 2,842,493 Proportion Foods $ 22,836 $ 3,041 $ 22,836 $ 23,514 Gramercy Europe Asset Management (European Fund Manager) $ 1,100 $ 47 $ 1,100 $ 1,742 Unconsolidated VIEs: Gramercy Europe Asset Management (European Fund Carry Co.) $ 8 $ — $ 31 $ — Retained CDO Bonds $ 11,906 $ — $ 391,990 $ 592,414 The following is a summary of the Company’s involvement with VIEs as of December 31, 2015 : Company carrying value-assets Company carrying value-liabilities Face value of assets held by the VIEs Face value of liabilities issued by the VIEs Consolidated VIEs: Proportion Foods $ 7,949 $ 16 $ 7,949 $ 8,183 Gramercy Europe Asset Management (European Fund Manager) $ 334 $ 832 $ 334 $ 832 Unconsolidated VIEs: Gramercy Europe Asset Management (European Fund Carry Co.) $ — $ — $ 11 $ 16 Retained CDO Bonds $ 7,471 $ — $ 1,382,373 $ 1,282,583 Consolidated VIEs Proportion Foods In December 2015, the Company entered into a non-recourse financing arrangement with Big Proportion Austin LLC, or BIG, for a build-to-suit industrial property in Round Rock, Texas, or Proportion Foods. Concurrently, the Company entered into a forward purchase agreement with BIG, pursuant to which the Company will acquire the property, which is 100.0% leased to Proportion Foods, upon substantial completion of the facility’s development. The Company has determined that Proportion Foods is a VIE, as the equity holders of the entity do not have controlling financial interests and the obligation to absorb losses. The Company controls the activities that most significantly affect the economic outcome of Proportion Foods through its financing arrangement to fund the property’s development and its forward purchase agreement with BIG. As such, the Company has concluded that it is the entity’s primary beneficiary and has consolidated the VIE. The Company has a note receivable from BIG related to the financing arrangement, which is a note payable for BIG and thus eliminates upon consolidation of the VIE. The construction of the facility on the property is expected to be complete in the first quarter of 2017 and the Company has committed $24,950 in financing for the property. BIG is responsible for funding in excess of the $24,950 mortgage note. As of December 31, 2016, the Company funded $19,932 for the property. Gramercy Europe Asset Management (European Fund Manager) In connection with the Company’s December 2014 investment in the Gramercy European Property Fund, the Company acquired equity interests in the entity, hereinafter European Fund Manager, which provides investment and asset management services to Gramercy European Property Fund. The Company has determined that European Fund Manager is a VIE, as the equity holders of that entity do not have controlling financial interests and the obligation to absorb losses. As Gramercy Europe Asset Management, through an investment advisory agreement with the VIE, controls the activities that most significantly affect the economic outcome of European Fund Manager, the Company has concluded that it is the entity’s primary beneficiary and has consolidated the VIE. European Fund Manager is expected to generate net cash inflows for the Company in the form of management fees in the future, however, if the VIE’s cash inflows are not sufficient to cover its obligations, the Company may provide financial support for the VIE. Unconsolidated VIEs Gramercy Europe Asset Management (European Fund Carry Co.) In connection with the Company’s December 2014 investment in the Gramercy European Property Fund, the Company acquired equity interests in the entity, hereinafter European Fund Carry Co., entitled to receive certain preferential distributions, if any, made from time-to-time by Gramercy European Property Fund. The Company has determined that European Fund Carry Co. is a VIE, as the equity holders of that entity do not have controlling financial interests and the obligation to absorb losses in excess of capital committed. Decisions that most significantly affect the economic performance of European Fund Carry Co. are decided by a majority vote of that VIE’s shareholders. As such, the Company does not have a controlling financial interest in the VIE and has accounted for it as an equity investment. As of December 31, 2016 and 2015, European Fund Carry Co. had net assets (liabilities) of $31 and $(5) , respectively. Investment in Retained CDO Bonds The Company has retained non-investment grade subordinate bonds, preferred shares and ordinary shares of three CDOs, or the Retained CDO Bonds. The Company does not control the activities that most significantly impact the Retained CDO Bonds’ economic performance and is not obligated to provide any financial support to them, thus the Retained CDO Bonds have been determined to be unconsolidated VIEs, in which the Company’s interest is recorded at fair value within other assets on the Consolidated Balance Sheets. The Retained CDO Bonds may provide the potential for the Company to receive continuing cash flows in the future, however, there is no guarantee that the Company will realize any proceeds from the Retained CDO Bonds or what the timing of the proceeds may be. The Company’s maximum exposure to loss is limited to its interest in the Retained CDO Bonds. Tenant and Other Receivables Tenant and other receivables are derived from management fees, rental revenue and tenant reimbursements. Management fees, including incentive management fees, are recognized as earned in accordance with the terms of the management agreements. The management agreements may contain provisions for fees related to dispositions, administration of the assets including fees related to accounting, valuation and legal services, and management of capital improvements or projects on the underlying assets. Rental revenue is recorded on a straight-line basis over the initial term of the lease. Since many leases provide for rental increases at specified intervals, straight-line basis accounting requires the Company to record a receivable, and include in revenues, unbilled rent receivables that will only be received if the tenant makes all rent payments required through the expiration of the initial term of the lease. Tenant and other receivables also include receivables related to tenant reimbursements for common area maintenance expenses and certain other recoverable expenses that are recognized as revenue in the period in which the related expenses are incurred. Tenant and other receivables are recorded net of the allowance for doubtful accounts, which was $57 and $204 as of December 31, 2016 and 2015 , respectively. The Company continually reviews receivables related to rent, tenant reimbursements, and management fees, including incentive fees, and determines collectability by taking into consideration the tenant or asset management clients’ payment history, the financial condition of the tenant or asset management client, business conditions in the industry in which the tenant or asset management client operates and economic conditions in the area in which the property or asset management client is located. In the event that the collectability of a receivable is in doubt, the Company increases the allowance for doubtful accounts or records a direct write-off of the receivable, as appropriate. Intangible Assets and Liabilities The Company follows the acquisition method of accounting for business combinations. The Company allocates the purchase price of acquired properties to tangible and identifiable intangible assets acquired based on their respective fair values. Tangible assets include land, buildings and improvements on an as-if vacant basis. Refer to the policy section, "Real Estate Acquisitions," for information on how the Company accounts for tangible assets. Identifiable intangible assets include amounts allocated to acquired leases for above- and below-market lease rates and the value of in-place leases. Management also considers information obtained about each property as a result of its pre-acquisition due diligence. Above-market and below-market lease values for properties acquired are recorded based on the present value of the difference between the contractual amount to be paid pursuant to each in-place lease and management’s estimate of the fair market lease rate for each such in-place lease, measured over a period equal to the remaining non-cancelable term of the lease. The present value calculation utilizes a discount rate that reflects the risks associated with the leases acquired. The above-market and below-market lease values are amortized as a reduction of and increase to rental revenue, respectively, over the remaining non-cancelable terms of the respective leases. If a tenant terminates its lease prior to its contractual expiration and no future rental payments will be received, any unamortized balance of the market lease intangibles will be written off to rental revenue. The aggregate value of in-place leases represents the costs of leasing costs, other tenant related costs, and lost revenue that the Company did not have to incur by acquiring a property that is already occupied. Factors considered by management in its analysis of the in-place lease intangibles include an estimate of carrying costs during the expected lease-up period for each property taking into account current market conditions and costs to execute similar leases. In estimating carrying costs, management includes real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the anticipated lease-up period. Management also estimates costs to execute similar leases including leasing commissions and other related expenses. The value of in-place leases is amortized to depreciation and amortization expense over the remaining non-cancelable term of the respective leases. In no event does the amortization period for intangible assets exceed the remaining depreciable life of the building. If a tenant terminates its lease prior to its contractual expiration and no future rental payments will be received, any unamortized balance of the in-place lease intangible will be written off to depreciation and amortization expense. Above-market and below-market ground rent intangibles are recorded for properties acquired in which the Company is the lessee pursuant to a ground lease assumed at acquisition. The above-market and below-market ground rent intangibles are valued similarly to above-market and below-market leases, except that, because the Company is the lessee as opposed to the lessor, the above-market and below-market ground lease values are amortized as a reduction of and increase to rent expense, respectively, over the remaining non-cancelable terms of the respective leases. Intangible assets and liabilities consist of the following: As of December 31, 2016 2015 Intangible assets: In-place leases, net of accumulated amortization of $117,717 and $49,125 $ 553,924 $ 644,540 Above-market leases, net of accumulated amortization of $15,719 and $5,051 59,647 94,202 Below-market ground rent, net of accumulated amortization of $274 and $147 5,109 5,236 Amounts related to assets held for sale, net of accumulated amortization of $0 — (61,804 ) Total intangible assets $ 618,680 $ 682,174 Intangible liabilities: Below-market leases, net of accumulated amortization of $26,168 and $16,934 $ 223,110 $ 255,452 Above-market ground rent, net of accumulated amortization of $248 and $149 7,073 3,522 Amounts related to liabilities of assets held for sale, net of accumulated amortization of $0 — (16,518 ) Total intangible liabilities $ 230,183 $ 242,456 The following table provides the weighted average amortization period as of December 31, 2016 for intangible assets and liabilities and the projected amortization expense for the next five years. Weighted Average Amortization Period 2017 2018 2019 2020 2021 In-place leases 9.8 $ 91,891 $ 83,424 $ 70,190 $ 56,772 $ 49,568 Total to be included in depreciation and amortization expense $ 91,891 $ 83,424 $ 70,190 $ 56,772 $ 49,568 Above-market lease assets 7.5 $ 11,218 $ 10,629 $ 9,459 $ 7,288 $ 6,029 Below-market lease liabilities 19.7 (13,583 ) (13,309 ) (12,970 ) (12,621 ) (12,489 ) Total to be included in rental revenue $ (2,365 ) $ (2,680 ) $ (3,511 ) $ (5,333 ) $ (6,460 ) Below-market ground rent 41.3 $ 127 $ 127 $ 127 $ 127 $ 127 Above-market ground rent 33.3 (215 ) (215 ) (215 ) (215 ) (215 ) Total to be included in property operating expense $ (88 ) $ (88 ) $ (88 ) $ (88 ) $ (88 ) The Company recorded $112,072 , $37,592 , and $12,263 of amortization of intangible assets as part of depreciation and amortization expense for the years ended December 31, 2016 , 2015 , and 2014 , respectively. The Company recorded $10,768 , $12,256 and $2,390 of amortization of intangible assets and liabilities as an increase to rental revenue for the years ended December 31, 2016 , 2015 , and 2014 , respectively. The Company recorded $28 , $41 , and $38 of amortization of ground rent intangible assets and liabilities as a reduction of property operating expense for the years ended December 2016 , 2015 , and 2014 , respectively. Revenue Recognition Real Estate Investments Rental revenue from leases on real estate investments is recognized on a straight-line basis over the term of the lease, regardless of when payments are contractually due. The excess of rental revenue recognized over the amounts contractually due according to the underlying leases are included in other liabilities on the Consolidated Balance Sheets. For leases on properties that are under construction at the time of acquisition, the Company begins recognition of rental revenue upon completion of construction of the leased asset and delivery of the leased asset to the tenant. The Company’s lease agreements with tenants also generally contain provisions that require tenants to reimburse the Company for real estate taxes, insurance costs, common area maintenance costs, and other property-related expenses. Under lease arrangements in which the Company is the primary obligor for these expenses, such amounts are recognized as both revenues and operating expenses for the Company. Under lease arrangements in which the tenant pays these expenses directly, such amounts are not included in revenues or expenses. These reimbursement amounts are recognized in the period in which the related expenses are incurred. The Company recognizes sales of real estate properties only upon closing. Payments received from purchasers prior to closing are recorded as deposits. Profit on real estate sold is recognized using the full accrual method upon closing when the collectability of the sale price is reasonably assured and the Company is not obligated to perform significant activities after the sale. Profit may be deferred in whole or part until the sale meets the requirements of profit recognition on sale of real estate. Asset Management Business The Company’s asset and property management agreements may contain provisions for fees related to dispositions, administration of the assets including fees related to accounting, valuation and legal services, and management of capital improvements or projects on the underlying assets. The Company recognizes revenue for fees pursuant to its management agreements in the period in which they are earned. Deferred revenue from management fees received prior to the date earned are included in other liabilities on the Consolidated Balance Sheets. Certain of the Company’s asset management contracts include provisions that may allow it to earn additional fees, generally described as incentive fees or profit participation interests, based on the achievement of a targeted valuation of the managed assets or the achievement of a certain internal rate of return on the managed assets. The Company recognizes incentive fees on its asset management contracts based upon the amount that would be due pursuant to the contract, if the contract were terminated at the reporting date. If the contract may be terminated at will, revenue will only be recognized to the amount that would be due pursuant to that termination. If the incentive fee is a fixed amount, only a proportionate share of revenue is recognized at the reporting date, with the remaining fees recognized on a straight-line basis over the measurement period. The values of incentive management fees are periodically evaluated by management. The Company’s significant management agreements are with KBS Acquisition Sub, LLC, the Gramercy European Property Fund, and Strategic Office Partners. The Company’s management agreement with KBS Acquisition Sub, LLC, or KBS, was amended in the fourth quarter of 2016 to terminate the agreement effective as of March 31, 2017. For the period from January 1, 2017 through termination on March 31, 2017, the revised agreement provides for monthly asset management fees of $550 and incentive fees pursuant to the previous agreement. The previous agreement with KBS provided for a base management fee of $7,500 per year, reimbursement of certain administrative and property related expenses, and incentive fees in the form of profit participation ranging from 10.0% – 30.0% of profits earned on sales through December 31, 2016. The Company’s management agreement with the Gramercy European Property Fund was assumed in December 2014. Pursuant to the agreement with the Gramercy European Property Fund, Gramercy Europe Asset Management provides property, asset management and advisory services to a portfolio of single-tenant industrial and office assets located in Europe. The Company’s management agreement with Strategic Office Partners was effective in the third quarter of 2016, concurrent with the formation of Strategic Office Partners. In accordance with the agreement with Strategic Office Partners, the Company provides the venture with property management, project management, and leasing services, for which it earns management fees. Additionally, the Company will receive an asset management fee from Strategic Office Partners as well as a promoted interest after achieving a targeted internal rate of return. For the years ended December 31, 2016 , 2015 , and 2014 , the Company recognized incentive fees of $19,159 , $3,012 , and $1,136 , respectively. Other Income Other income primarily consists of income accretion on the Company’s Retained CDO Bonds, which are measured at fair value on a quarterly basis using a discounted cash flow model, realized foreign currency exchange gains (losses), interest income, recoveries from servicing advances, reversal of a contingency accrual and miscellaneous property related income. Foreign Currency Gramercy Europe Asset Management operates an asset and property management business in the United Kingdom. The Company owns two properties in Canada, owned one property located in the United Kingdom until its disposition in December 2016, and has unconsolidated equity investments in Europe and Asia. The Company also has borrowings outstanding in euros and British pounds sterling under the multicurrency portion of its revolving credit facility. Refer to Note 5 for more information on the Company’s foreign unconsolidated equity investments. Foreign Currency Translation The Company has interests in Europe and Canada for which the functional currencies are the euro, the British pound sterling, and the Canadian dollar, respectively. The Company performs the translation from these foreign currencies to the U.S. dollar for assets and liabilities using the exchange rates in effect at the balance sheet date and for revenue and expense accounts using a weighted average exchange rate during the period. The Company reports the gains and losses resulting from such translation as a component of other comprehensive income (loss). The Company recorded net translation losses of $6,094 , $594 , and $48 for the years ended December 31, 2016 , 2015 , and 2014 , respectively. These translation gains and losses are reclassified to other income within earnings when the Company has substantially exited from all investments in the related currency. Foreign Currency Transactions A transaction gain or loss realized upon settlement of a foreign currency transaction will be included in earnings for the period in which the transaction is settled. Foreign currency intercompany transactions that are scheduled for settlement are included in the determination of net income. Intercompany foreign currency transactions of a long-term nature that do not have a planned or foreseeable future settlement date, in which the entities to the transactions are consolidated or accounted for by the equity method in the Company’s financial statements, are not included in net income but are reported as a component of other comprehensive income (loss). For the years ended December 31, 2016 , 2015 , and 2014 , the Company recognized net realized foreign currency transaction gains (losses) of $102 , $(23) and $(16) , respectively, on such transactions. Other Assets The Company includes prepaid expenses, capitalized software costs, contract intangible assets, deferred costs, goodwill, derivative assets, servicing advances receivable, and Retained CDO Bonds in other assets. Prepaid Expenses The Company makes payments for certain expenses such as insurance and property taxes in advance of the period in which it receives the benefit. These payments are amortized over the respective period of benefit relating to the contractual arrangement. The Company also makes payments for deposits related to pending acquisitions and financing arrangements, as required by a seller or lender, respectively. Costs prepaid in connection with securing financing for a property are reclassified into deferred financing costs at the time the transaction is completed. Capitalized Soft

Dispositions, Assets Held-for-S

Dispositions, Assets Held-for-Sale, and Discontinued Operations	12 Months Ended
	Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Dispositions, Assets Held-for-Sale, and Discontinued Operations	Dispositions, Assets Held for Sale, and Discontinued Operations Real Estate Dispositions During the year ended December 31, 2016 , the Company sold 24 properties, which comprised an aggregate of 5,588,637 square feet, and generated gross proceeds of $1,159,295 . Of the properties sold during the year ended December 31, 2016 , six properties comprising an aggregate 980,825 square feet with a total value of $187,500 were contributed to Strategic Office Partners, an unconsolidated equity investment in which the Company has a 25.0% interest. During the year ended December 31, 2016 , the Company recognized a $3,877 gain on disposals and a $2,844 impairment on real estate investments that were disposed during the period, including $321 net gain on disposals within discontinued operations. During the year ended December 31, 2016 , the Company recognized an additional $8,263 impairment on a real estate investment that was held as of December 31, 2016 . There were 19 property sales in 2016 that were structured as like-kind exchanges within the meaning of Section 1031 of the IRC. As a result of the sales, the Company deposited $724,173 of the total sales proceeds into an IRC Section 1031 exchange escrow account with a qualified intermediary. The Company then used $723,831 of these funds as consideration for 65 property acquisitions during the year ended December 31, 2016 . Six of the properties sold during the year ended December 31, 2016 , which were sold for gross proceeds of $397,055 , represent properties assumed in the Merger that were designated as held for sale at the time of Merger closing, and were thus included in discontinued operations for all periods presented. No other properties sold during 2016 were included in discontinued operations. During the year ended December 31, 2015 , the Company sold seven properties which comprised an aggregate of 398,213 square feet and generated gross proceeds of $89,919 . Included in these sales is the Company's sale of 50.0% of its interest in an office property located in Morristown, New Jersey, which comprised 41,861 square feet, and generated gross proceeds of $2,600 . The Company recognized a $839 net gain on disposals during the year ended December 31, 2015. Four of the property sales in 2015 were structured as like-kind exchanges within the meaning of Section 1031 of the IRC. As a result of the sales, the Company deposited $14,619 of the total sales proceeds into an IRC Section 1031 exchange escrow account with a qualified intermediary. The Company then used the funds as consideration for three property acquisitions during the year ended December 31, 2015. The properties sold during 2015 were not included in discontinued operations as they did not meet the definition of discontinued operations. During the year ended December 31, 2014 , the Company did not sell any properties. Assets Held for Sale The Company separately classifies properties held for sale in its Consolidated Financial Statements. As of December 31, 2016 , the Company had no assets classified as held for sale and as of December 31, 2015 , the Company had six assets classified as held for sale with total net asset value of $129,121 , which consisted of assets assumed in the Merger that were designated as held for sale at the time of Merger closing and have been included within discontinued operations, in accordance with ASC 360, as these assets acquired in the Merger did not align with the Company’s investment strategy and therefore were sold in 2016, as noted above. Real estate investments to be disposed of are reported at the lower of carrying amount or estimated fair value, less costs to sell. Once an asset is classified as held for sale, depreciation and amortization expense is no longer recorded. In the normal course of business the Company identifies non-strategic assets for sale. Changes in the market may compel the Company to decide to classify a property held for sale or classify a property that was designated as held for sale back to held for investment. During the years ended December 31, 2016 and 2015 , the Company did not reclassify any properties previously identified as held for sale to held for investment. The following table summarizes the assets held for sale and liabilities related to the assets held for sale as of December 31, 2015 : December 31, 2015 Assets held for sale Real estate investments $ 348,582 Acquired lease assets 61,804 Other assets 10,099 Total assets 420,485 Liabilities related to assets held for sale Mortgage notes payable, net 260,704 Below-market lease liabilities 16,518 Other liabilities 14,142 Total liabilities 291,364 Net assets held for sale $ 129,121 Discontinued Operations The Company's discontinued operations for the years ended December 31, 2016 , 2015 , and 2014 were related to its Gramercy Finance segment and the assets that were assumed in the Merger and simultaneously designated as held for sale. The following operating results for the years ended December 31, 2016 , 2015 , and 2014 are included in discontinued operations for all periods presented: Year Ended December 31, 2016 2015 2014 Revenues $ 6,547 $ 2,052 $ 368 Operating expenses (2,304 ) (290 ) (267 ) General and administrative expense (176 ) (384 ) (625 ) Interest expense (807 ) (503 ) — Depreciation and amortization (112 ) — — Gain on extinguishment of debt 1,930 — — Net income (loss) from operations 5,078 875 (524 ) Net gain on disposals 321 — — Net income (loss) from discontinued operations $ 5,399 $ 875 $ (524 ) Discontinued operations have not been segregated in the Consolidated Statements of Cash Flows. The table below presents additional relevant information pertaining to results of discontinued operations for the years ended December 31, 2016 , 2015 , and 2014 , including depreciation, amortization, capital expenditures, and significant operating and investing noncash items: Year Ended December 31, 2016 2015 2014 Amortization expense $ (112 ) $ — $ — Significant operating noncash items (9,137 ) (273 ) — Significant investing noncash items — 131,358 — Increase in cash and cash equivalents related to foreign currency translation — 121 — Total $ (9,249 ) $ 131,206 $ —

Real Estate Investments

Real Estate Investments	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Real Estate Investments	Real Estate Investments Property Acquisitions During the year ended December 31, 2016 , the Company acquired 76 properties comprising 23,806,949 square feet for an aggregate purchase price of approximately $1,580,002 and a build-to-suit property for purchase price of approximately $3,798 with projected 240,800 square feet upon completion. The acquisitions in 2016 included seven properties distributed to the Company from the Duke JV which comprised 4,189,630 square feet and had fair value at 100.0% of $276,100 . The Company previously owned an 80.0% interest in these properties through its interest in the joint venture. During the year ended December 31, 2015, the Company acquired 143 properties comprising 33,599,735 square feet for an aggregate purchase price of approximately $3,718,616 and a build-to-suit property for purchase price of approximately $7,947 with projected 200,411 square feet upon completion. The acquisitions in 2015 included 95 properties acquired as part of the Merger which comprised 24,560,739 square feet. The Company recorded revenues and net income for the year ended December 31, 2016 of $43,050 and $13,915 , respectively, related to its 76 real estate acquisitions during the year. The Company recorded revenues and net income for the year ended December 31, 2015 of $57,945 and $18,738 , respectively, related to its 143 real estate acquisitions during the year, including the properties added in connection with the Merger. The Company recorded revenues and net income for the year ended December 31, 2014 of $46,434 and $8,872 , respectively, related to the 100 acquisitions during the year. Property Purchase Price Allocations The Company is currently analyzing the fair value of the lease and real estate assets of 21 of its property investments acquired in 2016 and accordingly, the purchase price allocations are preliminary and subject to change. The initial recording of the investments is summarized as follows: Preliminary Allocations recorded Period of Acquisition Number of Acquisitions Real Estate Assets Intangible Assets Intangible Liabilities Year ended December 31, 2016 21 $ 513,424 $ 61,178 $ 11,093 During the years ended December 31, 2016 and 2015 , the Company finalized the purchase price allocations for 67 and 136 properties acquired in prior periods, respectively, for which the Company had recorded preliminary purchase price allocations at the time of acquisition, excluding the properties assumed in the Merger with Chambers, which are separately disclosed below. The aggregate changes from the preliminary purchase price allocations to the finalized purchase price allocations, in accordance with ASU 2015-16, are shown in the table below: Preliminary Allocations recorded Finalized Allocations recorded Period Purchase Price Allocation Finalized Number of Acquisitions Real Estate Assets Intangible Assets Intangible Liabilities Real Estate Assets Intangible Assets Intangible Liabilities Increase (Decrease) to Rental Revenue Decrease to Depreciation and Amortization Expense Year ended December 31, 2016 67 $ 1,220,055 $ 128,498 $ 22,105 $ 1,219,354 $ 127,222 $ 20,128 $ (18 ) $ (13 ) Year Ended December 31, 2015 (1) 136 $ 1,373,360 $ 320,066 $ 81,961 $ 1,535,763 $ 302,083 $ 226,381 $ 2,307 $ (205 ) (1) Allocations for the year ended December 31, 2015 include the 67 properties acquired as part of the Bank of America Portfolio, a portfolio of properties acquired in 2014 from an existing joint venture which is primarily leased to Bank of America, N.A. Pro Forma The following table summarizes, on an unaudited pro forma basis, the Company’s combined results of operations for the years ended December 31, 2016 , 2015 , and 2014 as though the acquisitions closed during the years ended December 31, 2016 , 2015 , and 2014 were completed on January 1, 2014. The supplemental pro forma operating data is not necessarily indicative of what the actual results of operations would have been assuming the transactions had been completed as set forth above, nor do they purport to represent the Company’s results of operations for future periods. Year Ended December 31, 2016 2015 (3) 2014 (4) Pro forma revenues (1) $ 542,230 $ 517,363 $ 508,603 Pro forma net income available to common shareholders (2) $ 33,903 $ 61,840 $ 67,913 Pro forma income per common share-basic $ 0.24 $ 1.02 $ 2.44 Pro forma income per common share-diluted $ 0.24 $ 0.99 $ 2.37 Pro forma common shares-basic 140,192,424 60,698,716 27,860,728 Pro forma common share-diluted 141,009,021 62,436,511 28,641,836 (1) The pro forma results for all periods presented include adjustments to reflect the Company's continuing 5.1% interest in the Goodman Europe JV, its 100.0% interest in the seven properties it received through distribution from the Duke JV on June 30, 2016, and its 25.0% interest in Strategic Office Partners. (2) Net income for each period has been adjusted for acquisition costs related to the property acquisitions during the period. (3) The Company adjusted its pro forma net income for the year ended December 31, 2015 for the $54,945 of Merger costs recorded in 2015 because they were directly related to the Company’s Merger with Chambers Street, in which it acquired 95 properties. (4) The Company adjusted its pro forma net income for the year ended December 31, 2014 for the $72,345 gain on remeasurement of a previously held joint venture that was recorded in the second quarter of 2014 because it was directly related to the Company’s acquisition of the remaining 50.0% equity interest in the Bank of America Portfolio joint venture. Merger with Chambers As described in Note 1, on December 17, 2015, the Company completed a merger with and into a subsidiary of Chambers. In accordance with ASC 805, Business Combinations, the Merger was accounted for as a reverse acquisition, with Chambers as the legal acquirer and Legacy Gramercy as the accounting acquirer for financial reporting purposes. At Merger closing, each share of Legacy Gramercy common stock, par value $0.001 per share, that was issued and outstanding immediately prior to the effective time of the Merger, was canceled and converted into the right to receive 3.1898 common shares, par value $0.01 per share, of the Company. Because the Merger was accounted for as a reverse acquisition, consideration for the Merger was computed as if Legacy Gramercy had issued its equity interests to Chambers shareholders. Consideration for the Merger was $1,829,241 , based on Legacy Gramercy's closing stock price of $24.63 on December 17, 2015, the number of Chambers common shares outstanding at the close of the Merger, and the exchange ratio of 3.1898 set forth in the Agreement and Plan of Merger, or the Merger Agreement. During 2016, the Company finalized the purchase price allocation for the Merger. The following table summarizes the finalized purchase price allocation: Assets Investments: Land $ 262,090 Buildings and improvements 1,628,395 Net investments 1,890,485 Cash and cash equivalents 24,687 Restricted cash 8,990 Unconsolidated equity investments 563,888 Tenant and other receivables, net 11,166 Acquired lease assets 410,819 Deferred costs and other assets 5,002 Assets held for sale 412,102 Total assets 3,327,139 Liabilities Mortgage notes payable 220,429 Revolving credit facilities and term loans 860,000 Below-market lease liabilities 38,613 Accounts payable, accrued expenses, and other liabilities 86,601 Liabilities related to assets held for sale 292,255 Total liabilities 1,497,898 Fair value of net assets acquired $ 1,829,241 The final allocation of the purchase price was based on the Company's assessment of the fair value of the acquired assets and liabilities. The final allocation recorded resulted in an increase to the allocation to assets acquired by $1,936 and an increase to the allocation to liabilities assumed by $1,936 . The final purchase price allocation adjustment also resulted in a decrease in rental revenue of $106 and an increase in depreciation expense of $75 to record adjustments to depreciation and amortization expense, which are reflected in the Consolidated Statements of Operations for the year ended December 31, 2016.

Unconsolidated Equity Investmen

Unconsolidated Equity Investments	12 Months Ended
	Dec. 31, 2016
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Unconsolidated Equity Investments	Unconsolidated Equity Investments The Company has investments in a variety of ventures. The Company will co-invest in entities that own multiple properties with various investors or with one partner. The Company may manage the ventures and collect asset and property management fees as well as incentive fees, otherwise known as profit participation or promoted interest, from its investment partners, or one of the other partners will manage the ventures for asset and property management fees as well as incentive fees. Depending on the structure of the venture, the Company’s voting interest may be different than its economic interest. The Company accounts for substantially all of its unconsolidated equity investments under the equity method of accounting since it exercises significant influence, but does not unilaterally control the entities, and is not considered to be the primary beneficiary. In unconsolidated equity investments, the rights of the other investors are protective and participating. Unless the Company is determined to be the primary beneficiary, these rights preclude it from consolidating the investments. The investments are recorded initially at cost as unconsolidated equity investments, as applicable, and subsequently are adjusted for equity interest in net income (loss) and cash contributions and distributions. The amount of the investments on the Consolidated Balance Sheets is evaluated for impairment at each reporting period. None of the unconsolidated equity investment debt is recourse to the Company. Transactions with unconsolidated equity method entities are eliminated to the extent of the Company’s ownership in each such entity. Accordingly, the Company’s share of net income (loss) of these equity method entities is included in consolidated net income (loss). As a result of the Merger in 2015, the Company acquired an interest in four unconsolidated entities, the Goodman Europe JV, the Goodman UK JV, the Duke JV, and CBRE Strategic Partners Asia, a real estate investment fund. The Company’s equity investment in the entities was fair valued on the Merger closing date, and the difference between the historical carrying value of the net assets and the fair value has been recorded as a basis difference. The basis difference will be amortized to equity in net income (loss) from unconsolidated equity investments over the remaining weighted average useful life of the underlying assets of each entity. As of December 31, 2016 and 2015 , and for the years ended December 31, 2016 , 2015 , and 2014 , the Company owned properties through unconsolidated equity investments and had investment interests in these unconsolidated entities as follows: As of December 31, 2016 As of December 31, 2015 Investment Ownership % Voting Interest % Partner Investment in Unconsolidated Equity Investment (1) Number of Properties Investment in Unconsolidated Equity (1) Number of Properties Gramercy European Property Fund (2)(3) 14.2 % 14.2 % Various $ 50,367 26 $ 23,381 12 Philips JV 25.0 % 25.0 % Various — 1 — 1 Duke JV (4) 80.0 % 50.0 % Duke Realty — — 352,932 13 Goodman Europe JV (3) 5.1 % 5.1 % Gramercy European Property Fund 3,491 8 158,863 9 Goodman UK JV 80.0 % 50.0 % Goodman Group 25,309 2 36,698 3 CBRE Strategic Partners Asia 5.07 % 5.07 % Various 4,145 2 5,508 2 Morristown JV 50.0 % 50.0 % 21 South Street 2,623 1 2,618 1 Strategic Office Partners 25.0 % 25.0 % TPG Real Estate 15,872 6 — — Total $ 101,807 46 $ 580,000 41 (1) The amounts presented include basis differences of $0 , $2,286 and $3,941 , net of accumulated amortization, for the Duke JV, Goodman Europe JV and Goodman UK JV, respectively, as of December 31, 2016 . The amounts presented include basis differences of $136,198 , $37,371 , and $6,578 , net of accumulated amortization, for the Duke JV, Goodman Europe JV, and Goodman UK JV, respectively, as of December 31, 2015 . (2) Includes European Fund Carry Co., which has a carrying value of $8 and $0 for the Company's 25.0% interest as of December 31, 2016 and December 31, 2015 , respectively. (3) As of December 31, 2016 , the Company has a 5.1% direct interest in the Goodman Europe JV as well as an indirect interest in the remaining 94.9% interest of Goodman Europe JV through its 14.2% interest in the Gramercy European Property Fund. In the table above, as of December 31, 2016 , the Company’s 94.9% interest in Goodman Europe JV held through its 14.2% interest in the Gramercy European Property Fund is included in the amount shown for the Gramercy European Property Fund and the Company’s 5.1% direct interest in the Goodman Europe JV is presented separately as the amount shown for the Goodman Europe JV. (4) The Duke JV was dissolved following the sale of its final property in July 2016. The Company’s ownership and voting interest in the Duke JV presented represent values prior to its dissolution. The following is a summary of the Company’s unconsolidated equity investments for the years ended December 31, 2016 and 2015 : 2016 2015 Balance at beginning of period $ 580,000 $ — Contributions to unconsolidated equity investments (1) 76,856 25,663 Unconsolidated equity investments acquired — 561,504 Equity in net income (loss) of unconsolidated equity investments, including adjustments for basis differences 2,409 (1,107 ) Other comprehensive loss of unconsolidated equity investments (7,264 ) (356 ) Distributions from unconsolidated equity investments (2) (411,837 ) (5,704 ) Purchase price allocations 5,000 — Gains on sale and dissolution of unconsolidated equity investment interests 12,570 — Sale of unconsolidated equity investments (151,546 ) — Receivable from dissolution of joint venture (644 ) — Reclassification of accumulated foreign currency translation adjustments due to disposal (3,737 ) — Balance at end of period $ 101,807 $ 580,000 (1) Includes the fair value of the six properties of $46,608 contributed by the Company to Strategic Office Partners. (2) Includes the fair value of the seven properties of $276,100 distributed by the Duke JV to the Company. Gramercy European Property Fund In December 2014, the Company, along with several equity investment partners, formed the Gramercy European Property Fund, a private real estate investment fund, which targets single-tenant industrial, office and specialty retail assets throughout Europe. Since inception, the equity investors, including the Company, have collectively funded $395,213 ( €352,500 ) in equity capital to the Gramercy European Property Fund. As of December 31, 2016 and 2015 , the Company's cumulative contributions to the Gramercy European Property Fund were $55,892 ( €50,000 ) and $25,663 ( €23,160 ), respectively. In December 2016, the Company agreed to contribute an additional $13,146 ( €12,500 ) to the Gramercy European Property Fund, none of which was funded by December 31, 2016. As of December 31, 2016 , the remaining commitments of all equity investors to the Gramercy European Property Fund, including the Company, were $52,585 ( €50,000 ). On May 31, 2016, the Gramercy European Property Fund acquired a 20.0% interest in the Goodman Europe JV, a joint venture that invests in industrial properties in France and Germany and in which the Company acquired an 80.0% interest in connection with the Merger, from the Company's venture partner, the Goodman Group, for a total purchase price of $47,633 ( €42,766 ). On June 30, 2016, the Gramercy European Property Fund acquired 74.9% of the Company’s 80.0% interest in the Goodman Europe JV for a total purchase price of $148,884 ( €134,336 ). As of December 31, 2016, the Company has a 14.2% interest in the Gramercy European Property Fund, which has a 94.9% ownership interest in the Goodman Europe JV. As of December 31, 2016, the Company has a 5.1% direct interest in the Goodman Europe JV, as well as an indirect interest in the remaining 94.9% interest that is held through the Company’s 14.2% interest in the Gramercy European Property Fund. As a result of the Gramercy European Property Fund’s acquisition of the Goodman Group’s 20.0% interest in the Goodman Europe JV, the Goodman Europe JV shareholder agreement, which previously had the same terms as that of the Goodman UK JV, was amended. In the amended Goodman Europe JV shareholder agreement, control is allocated to the joint venture partners based upon ownership interest. Due to its continuing equity interest, the Company maintains significant influence in the Goodman Europe JV, and as a result of both of these factors, the Company continues to account for its outstanding interest in the joint venture using the equity method. Pursuant to the amended Goodman Europe JV shareholder agreement, the Goodman Europe JV pays accounting and property management fees to certain Goodman Group subsidiaries and pays investment advisory and other management-related fees to the Gramercy European Property Fund in connection with the services these entities provide to the Goodman Europe JV. For the years ended December 31, 2016 and 2015 , the Company received distributions of $10,030 and $0 , respectively, from the Goodman Europe JV. During years ended December 31, 2016 and 2015 , the Gramercy European Property Fund acquired 13 and 12 properties, respectively, located in Germany, the Netherlands, Poland, and the United Kingdom, and also acquired the Company's 5.1% interest in one property located in Lille, France held by the Goodman Europe JV. Refer to Note 8 for additional information on the equity transactions related to the Gramercy European Property Fund and Goodman Europe JV. As of December 31, 2016, there were 26 properties in the Gramercy European Property Fund and eight additional properties held in the Goodman Europe JV. Goodman UK JV The Goodman UK JV invests in industrial properties in the United Kingdom. Pursuant to the Goodman UK JV shareholder agreement, if a deadlock arises pertaining to a major decision regarding a specific property, either shareholder may exercise a buy-sell option in relation to the relevant property for the Goodman UK JV. Additionally, after the initial investment period, either shareholder wishing to exit the Goodman UK JV may exercise a buy-sell option with respect to its entire interest. The Goodman UK JV pays certain fees to certain Goodman Group subsidiaries in connection with the services they provide to the Goodman UK JV, including but not limited to investment advisory, development management and property management services. The Goodman Group is also entitled to a promoted interest in the Goodman UK JV. For the years ended December 31, 2016 and 2015 , the Company received distributions of $13,344 and $0 , respectively, from the Goodman UK JV. Strategic Office Partners In August 2016, the Company partnered with TPG Real Estate, or TPG, to form Strategic Office Partners, an unconsolidated equity investment created for the purpose of acquiring, owning, operating, leasing and selling single-tenant office properties located in high-growth metropolitan areas in the United States. In September, 2016, the Company contributed six properties to Strategic Office Partners valued at $187,500 and in exchange, the Company received cash proceeds of $140,625 , equivalent to TPG’s 75.0% interest in the venture, plus a 25.0% interest in Strategic Office Partners valued at $46,608 . Concurrently with the initial funding of Strategic Office Partners, the Company received a distribution of $30,581 representing its pro rata share of loan proceeds, resulting in an initial equity investment of $16,027 . As a result of the transactions, the Company recorded a gain of $2,336 , which is recorded in net gain from disposals on its Consolidated Statements of Operations. The properties comprise an aggregate 980,825 square feet. TPG and the Company have committed an aggregate $400,000 to Strategic Office Partners, including $100,000 from the Company. The Company's remaining commitment is $83,973 as of December 31, 2016 . The Company provides asset and property management, accounting, construction, and leasing services to Strategic Office Partners, for which it earns management fees and is entitled to a promoted interest. During the year ended December 31, 2016 , the Company contributed $46,608 to Strategic Office Partners, representing the fair value of properties contributed, and received cash distributions of $30,581 from Strategic Office Partners. Duke JV The Duke JV invested in industrial and office properties located throughout the United States. The Company’s investment partner, Duke Realty Corporation, or Duke, acted as the managing member of the Duke JV, was entitled to receive fees in connection with the services it provides to the Duke JV, including asset management, construction, development, leasing and property management services, and was entitled to a promoted interest in the Duke JV. The Company had joint approval rights with Duke over all major policy decisions. In June 2016, the Company and Duke entered into a Dissolution and Liquidation Agreement, or the Dissolution Agreement. On June 30, 2016, pursuant to the Dissolution Agreement, the Duke JV distributed seven of its properties to the Company and one of its properties and $2,760 to Duke. As a result of the distributions, the Company recorded a gain of $7,229 in the second quarter of 2016. In July 2016, the Duke JV sold its remaining property to a third party which completed the dissolution of the joint venture, and as a result of this sale, the Company received a final distribution of $41,060 from the Duke JV. During the years ended December 31, 2016 and 2015 , the Company received cash distributions of $53,807 and $5,360 , respectively, from the Duke JV, not including the final distribution related to dissolution in 2016. CBRE Strategic Partners Asia CBRE Strategic Partners Asia is a real estate investment fund with investments in China. CBRE Strategic Partners Asia has an eight -year term, which began on January 31, 2008 and may be extended for up to two one -year periods with the approval of two-thirds of the limited partners. CBRE Strategic Partners Asia's commitment period has ended; however, it may call capital to fund operations, obligations and liabilities. For the year ended December 31, 2016 , the Company has not contributed any capital nor received any distributions. In March 2016, the limited partners approved a one -year extension. In February 2017, the fund commenced liquidation and it will wind up over the succeeding 24 months. CBRE Strategic Partners Asia is managed by CBRE Investors SP Asia II, LLC, or the Investment Manager, an affiliate of CBRE Global Investors. CBRE Strategic Partners Asia is not obligated to redeem the interests of any of its investors, including of the Company, prior to 2017. Except in certain limited circumstances such as transfers to affiliates or successor trustees or state agencies, the Company will not be permitted to sell its interest in CBRE Strategic Partners Asia without the prior written consent of the general partner, which the general partner may withhold in its sole discretion. The Company’s 5.07% investment in CBRE Strategic Partners Asia is presented in the Consolidated Financial Statements at fair value. See Note 9 for further discussion of the application of the fair value accounting. Philips JV The Philips JV is a fee interest in 200 Franklin Square Drive, a 199,900 square foot building located in Somerset, New Jersey which is 100.0% net leased to Philips Holdings, USA Inc., a wholly-owned subsidiary of Royal Philips Electronics through December 2021. The property is financed by a $39,730 fixed rate mortgage note with maturity in September 2035. The loan had an anticipated repayment date in September 2015 and, as such, distributions from the property began paying down the loan in September 2015. During the years ended December 31, 2016 , 2015 , and 2014 the Company received distributions of $0 , $344 and $413 from the Philips JV, respectively. Morristown JV On October 8, 2015, the Company contributed 50.0% of its interest in an office property located in Morristown, New Jersey to a joint venture the Company formed with 21 South Street, a subsidiary of Hampshire Partners Fund VIII LP. The Company sold the remaining 50.0% equity interest of the property to 21 South Street for gross proceeds of $2,600 . In connection with the sale, the Company, entered into a joint venture agreement for the property with 21 South Street, or the Morristown JV. In October 2015, the Morristown JV entered into a leasing and construction management agreement with Prism Construction Management, LLC to manage the construction of specific improvements at the property. Bank of America Portfolio The Company owned a 50.0% interest in the Bank of America Portfolio joint venture until June 9, 2014, when it acquired the remaining 50.0% equity interest from its joint venture partner, Garrison Investment Group. In connection with the acquisition of the remaining 50.0% interest in the joint venture, the Company recorded a $72,345 gain on remeasurement of its interest in the joint venture and also paid off the portfolio’s $200,000 floating rate, interest-only mortgage note. The Consolidated Balance Sheets for the Company’s unconsolidated equity investments at December 31, 2016 are as follows: Gramercy European Property Fund (1) Goodman Europe JV Gramercy European Property Fund (2) Total Strategic Office Partners Goodman UK JV CBRE Strategic Partners Asia Other (3) Assets: Real estate assets, net (4) $ 285,087 $ 347,069 $ 632,156 $ 149,484 $ 25,128 $ 87,852 $ 49,580 Other assets 86,273 63,523 149,796 42,323 6,650 12,247 3,020 Total assets $ 371,360 $ 410,592 $ 781,952 $ 191,807 $ 31,778 $ 100,099 $ 52,600 Liabilities and members' equity: Mortgages payable $ 174,269 $ 215,980 $ 390,249 $ 121,894 $ — $ — $ 39,730 Other liabilities 7,778 19,940 27,718 4,347 934 14,383 3,259 Total liabilities 182,047 235,920 417,967 126,241 934 14,383 42,989 Gramercy Property Trust equity 12,734 41,116 53,850 15,872 25,309 4,145 2,631 Other members' equity 176,579 133,556 310,135 49,694 5,535 81,571 6,980 Liabilities and members' equity $ 371,360 $ 410,592 $ 781,952 $ 191,807 $ 31,778 $ 100,099 $ 52,600 (1) As of December 31, 2016, the Company has a 5.1% direct interest in the Goodman Europe JV as well as an indirect interest in the remaining 94.9% interest that is held through the Company’s 14.2% interest in the Gramercy European Property Fund. In the table above, the Company’s equity interest in the Goodman Europe JV includes both its direct 5.1% interest as well as its indirect interest that is held through its 14.2% interest in the Gramercy European Property Fund, and the Company’s equity interest in the Gramercy European Property Fund represents its interest in all of the properties owned by the Gramercy European Property Fund except for the properties in the Goodman Europe JV. (2) Excludes the Gramercy European Property Fund’s 94.9% interest in the Goodman Europe JV. (3) Includes the Philips JV, the Morristown JV, and European Fund Carry Co. (4) Includes basis adjustments that were recorded by the Company to adjust the unconsolidated equity investments to fair value upon closing of the Merger. The Consolidated Balance Sheets for the Company’s unconsolidated equity investmen ts at December 31, 2015 are as follows: Goodman Europe JV Gramercy European Property Fund Goodman UK JV Duke JV CBRE Strategic Partners Asia Other (1) Assets: Real estate assets, net (2) $ 276,925 $ 236,312 $ 42,584 $ 443,313 $ 109,554 $ 50,698 Other assets 42,139 39,983 3,427 32,739 9,337 15,954 Total assets $ 319,064 $ 276,295 $ 46,011 $ 476,052 $ 118,891 $ 66,652 Liabilities and members' equity: Mortgages payable $ 121,350 $ 143,616 $ — $ 56,105 $ — $ 40,424 Other liabilities 8,622 14,581 1,783 6,035 13,948 16,540 Total liabilities 129,972 158,197 1,783 62,140 13,948 56,964 Gramercy Property Trust equity 158,863 23,385 36,698 352,932 5,508 2,614 Other members' equity 30,229 94,713 7,530 60,980 99,435 7,074 Liabilities and members' equity $ 319,064 $ 276,295 $ 46,011 $ 476,052 $ 118,891 $ 66,652 (1) Includes the Philips JV, the Morristown JV, and European Fund Carry Co. (2) Includes basis adjustments that were recorded by the Company to adjust the unconsolidated equity investments to fair value upon closing of the Merger. Certain real estate assets in the Company’s unconsolidated equity investments are subject to mortgage loans. The following is a summary of the secured financing arrangements within the Company’s unconsolidated equity investments as of December 31, 2016 : Outstanding Balance (2) Property Unconsolidated Equity Investment Economic Ownership Interest Rate (1) Maturity Date December 31, 2016 December 31, 2015 Strategic Office Partners portfolio Strategic Office Partners 25.0% 4.25% 10/7/2019 $ 125,000 $ — Durrholz, Germany Gramercy European Property Fund 14.2% 1.52% 3/31/2020 12,289 12,937 Venray, Germany Gramercy European Property Fund 14.2% 3.32% 12/2/2020 13,015 13,578 Lille, France Gramercy European Property Fund 14.2% 3.13% 12/17/2020 27,081 27,970 Carlisle, United Kingdom Gramercy European Property Fund 14.2% 3.32% 2/19/2021 10,443 — Breda, Netherlands Gramercy European Property Fund 14.2% 1.88% 12/30/2022 9,948 7,796 Fredersdorf, Germany Gramercy European Property Fund 14.2% 2.07% 12/30/2022 11,247 11,783 Frechen, Germany Gramercy European Property Fund 14.2% 1.48% 12/30/2022 6,043 — Friedrichspark, Germany Gramercy European Property Fund 14.2% 2.07% 12/30/2022 8,694 9,109 Juechen, Germany Gramercy European Property Fund 14.2% 1.88% 12/30/2022 18,852 19,750 Kerkrade, Netherlands Gramercy European Property Fund 14.2% 2.07% 12/30/2022 9,622 10,081 Oud Beijerland, Netherlands Gramercy European Property Fund 14.2% 2.08% 12/30/2022 8,077 8,463 Piaseczno, Poland Gramercy European Property Fund 14.2% 1.97% 12/30/2022 8,141 8,522 Rotterdam, Netherlands Gramercy European Property Fund 14.2% 1.88% 12/30/2022 7,633 — Strykow, Poland Gramercy European Property Fund 14.2% 1.97% 12/30/2022 19,167 20,063 Uden, Netherlands Gramercy European Property Fund 14.2% 1.97% 12/30/2022 8,913 9,331 Zaandam, Netherlands Gramercy European Property Fund 14.2% 2.07% 12/30/2022 11,647 12,203 Meerane, Germany Gramercy European Property Fund 14.2% 1.34% 12/30/2022 10,138 — Amsterdam, Netherlands Gramercy European Property Fund 14.2% 1.58% 12/30/2022 3,093 — Tiel, Netherlands Gramercy European Property Fund 14.2% 1.58% 12/30/2022 9,174 — Netherlands portfolio (3) Gramercy European Property Fund 14.2% 3.02% 6/28/2023 13,409 — Kutno, Poland Gramercy European Property Fund 14.2% 1.91% 7/21/2023 5,890 — European Facility 1 (4), (5) Goodman Europe JV 18.6% (6) 0.92% 11/16/2023 31,551 93,380 European Facility 2 (4) Goodman Europe JV 18.6% (6) 1.75% 11/16/2023 106,917 — Worksop, United Kingdom Gramercy European Property Fund 14.2% 3.94% 10/20/2026 10,551 — Somerset, NJ Philips JV 25.0% 6.90% 9/11/2035 39,730 40,424 Lake Forest, IL Duke JV 80.0% N/A N/A — 8,823 Tampa, FL Duke JV 80.0% N/A N/A — 4,231 Fort Lauderdale, FL (7) Duke JV 80.0% N/A N/A — 43,051 Total mortgage notes payable $ 546,265 $ 361,495 Plus net deferred financing costs and net debt premium 5,608 — Total mortgage notes payable, net $ 551,873 $ 361,495 (1) Represents the current effective rate as of December 31, 2016 , including the swapped interest rate for loans that have interest rate swaps. The current interest rate is not adjusted to include the amortization of financing costs. (2) Mortgage loans amounts are presented at 100.0% of the amount in the unconsolidated equity investment. (3) Represents five properties under this mortgage loan. (4) There are eight properties under each of these loan facilities. (5) The balance shown as of December 31, 2015 represents the aggregate of the mortgage loans encumbered by four properties held in the Goodman Europe JV as of December 31, 2015 . The Goodman Europe JV debt was restructured in the fourth quarter of 2016. (6) Represents the Company’s economic ownership in the Goodman Europe JV, which includes both its 5.1% direct interest in the Goodman Europe JV as well as an indirect interest in the remaining 94.9% interest that is held through the Company’s 14.2% interest in the Gramercy European Property Fund. (7) Represents four properties under this mortgage loan. The statements of operations for the unconsolidated equity investments for the year ended December 31, 2016 or partial period for acquisitions or dispositions which closed during period, are as follows: Goodman Europe JV Gramercy European Property Fund Total Strategic Office Partners Goodman UK JV Duke JV CBRE Strategic Partners Asia Other (2) Revenues $ 24,221 $ 25,834 $ 50,055 $ 6,614 $ 5,911 $ 19,812 $ (19,053 ) $ 4,336 Operating expenses 2,825 5,034 7,859 1,844 1,000 5,309 1,535 466 Acquisition expenses 4,960 5,826 10,786 635 — — — 27 Interest expense 3,128 4,250 7,378 1,757 — 602 — 2,831 Depreciation and amortization 10,967 10,991 21,958 3,440 1,681 7,154 — 1,331 Total expenses 21,880 26,101 47,981 7,676 2,681 13,065 1,535 4,655 Net income (loss) from operations 2,341 (267 ) 2,074 (1,062 ) 3,230 6,747 (20,588 ) (319 ) Gain (loss) on derivatives — (3,551 ) (3,551 ) 510 — — — — Gain (loss) on extinguishment of debt 717 — 717 — — (7,962 ) — — Net gain on disposals — — — — 9,421 66,705 — — Provision for taxes (54 ) (1,207 ) (1,261 ) — (81 ) — — — Net income (loss) $ 3,004 $ (5,025 ) $ (2,021 ) $ (552 ) $ 12,570 $ 65,490 $ (20,588 ) $ (319 ) Company's share in net income (loss) $ 606 $ (1,025 ) $ (419 ) $ (77 ) $ 10,057 $ 50,424 $ (1,053 ) $ 1 Adjustments for REIT basis 686 — 686 — (2,820 ) (54,390 ) — — Company's equity in net income (loss) within continuing operations $ 1,292 $ (1,025 ) $ 267 $ (77 ) $ 7,237 $ (3,966 ) $ (1,053 ) $ 1 (1) On May 31, 2016, the Gramercy European Property Fund acquired a 20.0% interest in the Goodman Europe JV and on June 30, 2016, the Gramercy European Property Fund acquired 74.9% of the Company’s 80.0% interest in the Goodman Europe JV. As of September 30, 2016, the Company has a 5.1% direct interest in the Goodman Europe JV as well as an indirect interest in the remaining 94.9% interest that is held through the Company’s 14.2% interest in the Gramercy European Property Fund. For the year ended December 31, 2016 , the Company’s equity in net income (loss) from the entities is based on these ownership interest percentages during the period. (2) Includes the Philips JV, the Morristown JV, and European Fund Carry Co. The statements of operations for the unconsolidated equity investments for the years ended December 31, 2015 and 2014 or partial period for acquisitions or dispositions which closed during these periods, are as follows: Year Ended December 31, 2015 (1) Year Ended European Unconsolidated Equity Investments (2) Duke JV Other (3) Total All Unconsolidated Equity Investments (4) Revenues $ 6,172 $ 1,853 $ 4,108 $ 12,133 $ 32,648 Operating expenses 2,650 565 90 3,305 14,204 Acquisition expenses 7,865 — — 7,865 — Interest expense 808 113 2,322 3,243 6,130 Depreciation and amortization 2,590 700 1,341 4,631 8,671 Total expenses 13,913 1,378 3,753 19,044 29,005 Net income (loss) from operations (7,741 ) 475 355 (6,911 ) 3,643 Loss on derivatives (1,090 ) — — (1,090 ) — Net gain on disposals — — — — (215 ) Provision for taxes (37 ) — (12 ) (49 ) (41 ) Net income (loss) $ (8,868 ) $ 475 $ 343 $ (8,050 ) $ 3,387 Company's share in net income (loss) $ (1,583 ) $ 380 $ 406 $ (797 ) $ 1,959 Adjustments for REIT basis (72 ) (183 ) (55 ) (310 ) — Company's equity in net income (loss) within continuing operations $ (1,655 ) $ 197 $ 351 $ (1,107 ) $ 1,959 (1) The results of operations of the investments acquired as part of the Merger with Chambers, including the Duke JV, Goodman Europe JV, Goodman UK JV, and CBRE Strategic Partners Asia, are included for the post-merger period from December 18, 2015 through December 31, 2015. (2) Includes the Gramercy European Property Fund and Goodman Europe JV. (3) Includes the Philips JV, Morristown JV, Goodman UK JV, and CBRE Strategic Partners Asia. (4) The results of operations for the year ended December 31, 2014 include the year of results from Philips JV and Bank of America joint venture’s results for the period January 1, 2014 through June 9, 2014. Subsequent to the Company’s acquisition of the remaining 50.0% equity interest in the Bank of America Portfolio, the results of operations for the Bank of America Portfolio are consolidated into the Company’s Consolidated Statements of Operations.

Debt Obligations

Debt Obligations	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Debt Obligations	Debt Obligations Secured Debt Mortgage Loans Certain real estate assets are subject to mortgage loans. During 2016 , the Company assumed $244,188 of non-recourse mortgages in connection with 27 real estate acquisitions. During 2015, the Company assumed $618,169 of non-recourse mortgages in connection with 42 real estate acquisitions, including $464,292 of non-recourse mortgages relating to 29 properties acquired in connection with the Merger, and during 2014, the Company assumed $45,607 of non-recourse mortgages in connection with four real estate acquisitions. For the year ended December 31, 2016 , the Company paid off the debt on 22 properties encumbered by mortgage loans and transferred one mortgage to the buyer of the encumbered property. Additionally, for the year ended December 31, 2016 , the Company defeased a mortgage loan with an outstanding principal balance of $124,605 that encumbered 11 properties, through the purchase of treasury securities valued at $144,063 , which were immediately sold following the transaction. For the year ended December 31, 2016 , the Company recorded a loss on early extinguishment of debt of $20,890 and a net gain on extinguishment of debt of $1,930 within discontinued operations, related to unamortized deferred financing costs and mortgage premiums and discounts that were immediately expensed upon termination as well as early termination fees and other costs incurred related to the extinguishments. No gains or losses on extinguishments of mortgage loans were recorded during the years ended December 31, 2015 and 2014 . The Company’s mortgage loans include a series of financial and other covenants that the Company has to comply with in order to borrow under them. The Company was in compliance with the covenants under the mortgage loan facilities as of December 31, 2016 . The following is a summary of the Company’s secured financing arrangements as of December 31, 2016 : Property Interest Rate (1) Maturity Date Outstanding Balance December 31, December 31, Buford, GA 4.67% 7/1/2017 $ 15,512 $ 15,947 Woodcliff Lake, NJ 3.04% 9/15/2017 35,366 36,681 Logistics Portfolio - Pool 2 (2) 4.48% 1/1/2018 36,279 — Dallas, TX (3) 3.05% 3/1/2018 9,540 9,754 Cincinnati, KY (3) 3.29% 3/1/2018 6,628 6,777 Jacksonville, FL (3) 3.05% 3/1/2018 6,852 7,006 Phoenix, AZ (3) 3.05% 3/1/2018 4,120 4,213 Minneapolis, MN (3) 3.05% 3/1/2018 6,001 6,136 Ames, IA 5.05% 5/1/2018 16,436 16,900 Columbus, OH 3.57% 5/31/2018 19,708 20,644 Greenwood, IN 3.59% 6/15/2018 7,436 7,610 Greenfield, IN 3.63% 6/15/2018 6,010 6,150 Logistics Portfolio - Pool 3 (2) 3.96% 8/1/2018 43,300 — Philadelphia, PA 4.99% 1/1/2019 12,328 12,696 Columbus, OH 3.94% 1/31/2019 5,908 6,094 Bridgeview, IL 3.90% 5/1/2019 6,014 — KIK Canada Portfolio (2) 3.95% 5/5/2019 7,914 — Spartanburg, SC 3.20% 6/1/2019 1,025 1,398 Charleston, SC 3.11% 8/1/2019 986 1,486 Lawrence, IN 5.02% 1/1/2020 20,703 21,371 Charlotte, NC 3.28% 1/1/2020 2,217 2,859 Hawthorne, CA 3.52% 8/1/2020 17,638 18,108 Charleston, SC 2.97% 10/1/2020 984 1,210 Charleston, SC 3.37% 10/1/2020 984 1,210 Charleston, SC 3.32% 10/1/2020 1,001 1,230 Charlotte, NC 3.38% 10/1/2020 853 1,049 Des Plaines, IL 5.54% 10/31/2020 2,463 2,537 Waco, TX 4.75% 12/19/2020 15,187 15,485 Property Interest Rate (1) Maturity Date Outstanding Balance December 31, December 31, Deerfield, IL 3.71% 1/1/2021 10,804 11,145 Winston-Salem, NC 3.41% 6/1/2021 4,199 4,998 Winston-Salem, NC 3.42% 7/1/2021 1,388 1,647 Logistics Portfolio - Pool 1 (2) 4.29% 1/1/2022 39,002 — CCC Portfolio (2) 4.46% 10/6/2022 23,280 — Logistics Portfolio - Pool 4 (2) 4.36% 12/5/2022 79,500 — KIK USA Portfolio (2) 4.58% 7/6/2023 7,450 — Yuma, AZ 5.27% 12/6/2023 12,058 12,247 Allentown, PA 5.16% 1/6/2024 23,078 23,443 Spartanburg, SC 3.72% 2/1/2024 6,360 7,040 Charleston, SC 3.80% 2/1/2025 6,658 7,277 Hackettstown, NJ 4.95% 3/6/2026 9,550 — Hutchins, TX 7.65% 6/1/2029 22,764 23,870 Wilson, NC N/A N/A — 8,603 Dividend Capital Portfolio (2) N/A N/A — 126,161 Charlotte, NC N/A N/A — 13,025 Coppell, TX N/A N/A — 10,391 Jersey City, NJ (4) N/A N/A — 112,000 Jersey City, NJ (4) N/A N/A — 101,726 Blue Ash, OH (4) N/A N/A — 14,896 Blue Ash, OH (4) N/A N/A — 13,139 Blue Ash, OH (4) N/A N/A — 12,485 Bloomington, MN N/A N/A — 19,824 Bloomington, MN N/A N/A — 21,825 Total mortgage notes payable 555,484 770,293 Net deferred financing costs and net debt premium (5) 3,158 20,633 Total mortgage notes payable, net 558,642 790,926 Less mortgage notes payable, net on assets held for sale — (260,704 ) Total mortgage notes payable, net $ 558,642 $ 530,222 (1) Represents the rate at which interest expense is recorded for financial reporting purposes as of December 31, 2016, which reflects the effect of interest rate swaps and amortization of financing costs and fair market value premiums or discounts. (2) There are five properties under the Logistics Portfolio - Pool 2 loan, two properties under the Logistics Portfolio - Pool 3 loan, two properties under the KIK Canada Portfolio loan, three properties under the Logistics Portfolio - Pool 1 loan, five properties under the CCC Portfolio loan, six properties under the Logistics Portfolio - Pool 4 loan, three properties under the KIK USA Portfolio loan, and 11 properties under the Dividend Capital Portfolio loan. (3) These five mortgage loans are cross-collateralized. (4) These mortgage loans are related to properties that are classified as held for sale as of December 31, 2015, and accordingly the mortgage loans are included within liabilities related to assets held for sale on the Consolidated Balance Sheet. These properties were sold and their loans were paid off during the first quarter of 2016. (5) During the first quarter of 2016, the Company adopted accounting guidance related to the presentation of deferred financing costs on the balance sheet and reclassified amounts from the asset section to instead be netted against the corresponding debt liability for all periods presented, including for mortgage notes payable, as shown here. See Note 2 for further information on the reclassification of deferred financing costs. Secured Credit Facility In September, 2013, the Company entered into a Credit and Guaranty Agreement, with Deutsche Bank Securities, Inc. for a $100,000 senior secured revolving credit facility, or the Secured Credit Facility, which was increased in 2014 to have capacity of $150,000 . On June 9, 2014, the Company terminated the Secured Credit Facility and concurrently replaced it with an unsecured credit facility, as discussed below. The Company recorded a net loss on the early extinguishment of debt of $1,925 for the year ended December 31, 2014 in connection with the unamortized deferred financing costs that were immediately expensed upon termination. The maturity date of the revolving credit facility was September 30, 2015 , and it was secured by first priority mortgages on designated properties, or the Borrowing Base. Outstanding borrowings under the Secured Credit Facility were limited to the lesser of (i) $150,000 , or (ii) 60.0% of the value of the Borrowing Base and interest on advances was incurred at a floating rate based upon either (i) LIBOR plus the applicable LIBOR margin, or (ii) the applicable base rate which is the greater of the Prime Rate, 0.50% above the Federal Funds Rate, or 30 -day LIBOR plus 1.00% . Unsecured Debt 2015 Credit Facility and Term Loans In December 2015, the Company entered into an agreement, or the Credit Agreement, for a new $1,900,000 credit facility, or the 2015 Credit Facility, consisting of an $850,000 senior unsecured revolving credit facility, or the 2015 Revolving Credit Facility, and $1,050,000 term loan facility with JPMorgan Securities LLC and Merrill Lynch, Pierce, Fenner and Smith Incorporated and terminated Legacy Gramercy's 2014 Credit Facility. The 2015 Revolving Credit Facility, consists of a $750,000 U.S. dollar revolving credit facility and a $100,000 multicurrency revolving credit facility. The 2015 Revolving Credit Facility matures in January 2020 , but may be extended for two additional six month periods upon the payment of applicable fees and satisfaction of certain customary conditions. The term loan facility, or the 2015 Term Loan, consists of a $300,000 term loan facility that matures in January 2019 with one 12 -month extension option, or the 3 -Year Term Loan, and a $750,000 term loan facility that matures in January 2021 , or the 5 -Year Term Loan. Outstanding borrowings under the 2015 Revolving Credit Facility incur interest at a floating rate based upon, at the Company’s option, either (i) adjusted LIBOR plus an applicable margin ranging from 0.875% to 1.55% , depending on the Company’s credit ratings, or (ii) the alternate base rate plus an applicable margin ranging from 0% to 0.55% , depending on the Company’s credit ratings. The Company is also required to pay quarterly in arrears a 0.125% to 0.30% facility fee, depending on the Company's credit ratings, on the total commitments under the 2015 Revolving Credit Facility. Outstanding borrowings under the 2015 Term Loan incur interest at a floating rate based upon, at the Company’s option, either (i) adjusted LIBOR plus an applicable margin ranging from 0.90% to 1.75% , depending on the Company’s credit ratings, or (ii) the alternate base rate plus an applicable margin ranging from 0.00% to 0.75% , depending on the Company’s credit ratings. The alternate base rate is the greater of (x) the prime rate announced by JPMorgan Chase Bank, N.A., (y) 0.50% above the Federal Funds Effective Rate and (z) the adjusted LIBOR for a one-month interest period plus 1.00% . In December 2015, the Company also entered into a new $175,000 seven -year unsecured term loan with Capital One, N.A., or the 7-Year Term Loan, which matures in January 2023 . Outstanding borrowings under the 7-Year Term Loan incur interest at a floating rate based upon, at the Company’s option, either (i) adjusted LIBOR plus an applicable margin ranging from 1.30% to 2.10% , depending on the Company’s credit ratings, or (iii) the alternate base rate plus an applicable margin ranging from 0.30% to 1.10% , depending on the Company’s credit ratings. The alternate base rate is the greatest of (x) the prime rate announced by Capital One, (y) 0.50% above the Federal Funds Effective Rate and (z) the adjusted LIBOR for a one-month interest period plus 1.00% . During the first half of 2016, the Company amended its 5-Year Term Loan and its 7-Year Term Loan in order to remove the 0.00% rate floor on the applicable LIBOR that existed in the original loan agreements. These unsecured borrowing facilities include a series of financial and other covenants that the Company has to comply with in order to borrow under the facilities. The Company was in compliance with the covenants under the facilities as of December 31, 2016 . Senior Unsecured Notes During the years ended December 31, 2016 and 2015, the Company issued and sold $400,000 and $100,000 aggregate principal amount of senior unsecured notes payable, respectively, in private placements, which have maturities ranging from 2022 through 2026 and bear interest semi-annually at rates ranging from 3.89% to 4.97% . Refer to the table later in Note 6 for specific terms of the Company's Senior Unsecured Notes. Chambers Unsecured Credit Facility In connection with the Merger, the Company assumed Chambers’ existing $850,000 unsecured revolving credit facility, which incurred interest at LIBOR plus 1.30% and had a maturity date of January 15, 2018 , as well as Chambers’ four unsecured term loans which incurred interest at LIBOR plus 1.50% or LIBOR plus 1.75% and had maturity dates between March 2018 and January 2021 . Chambers’ unsecured revolving credit facility had a balance of $290,000 and Chambers’ unsecured term loans had an aggregate balance of $570,000 as of December 17, 2015, the closing date of the Merger, and the Company paid off all of these balances on December 17, 2015 in connection with the closing of the 2015 Credit Facility. 2014 Revolving Credit Facility In June 2014, the Company entered into a $400,000 unsecured credit facility, consisting of a $200,000 senior term loan, or the 2014 Term Loan, and a $200,000 senior revolving credit facility, or the 2014 Revolving Credit Facility. In 2015, the Company increased its borrowing capacity under the 2014 Revolving Credit Facility to $400,000 , bifurcated it into a $350,000 U.S. dollar denominated tranche and a $50,000 tranche denominated in certain foreign currencies, and expanded its 2014 Term Loan from $200,000 to $300,000 . In the third quarter of 2015, the Company designated the multicurrency tranche of the 2014 Revolving Credit Facility as a net investment hedge to mitigate the risk from fluctuations in foreign currency exchange rates. Refer to Note 10 , “Derivative and Hedging Instruments,” for further information on the net investment hedge. Interest on outstanding balances on the 2014 Term Loan and advances made on the 2014 Revolving Credit Facility, were incurred at a floating rate based upon, either (i) LIBOR plus an applicable margin ranging from 1.35% to 2.05% , depending on the Company’s total leverage ratio, or (ii) the applicable base rate plus an applicable margin ranging from 0.35% to 1.05% , depending on the Company’s total leverage ratio. The applicable base rate was the greater of (x) the prime rate, (y) 0.50% above the Federal Funds Effective Rate, and (z) 30 -day LIBOR plus 1.00% . The $200,000 2014 Term Loan had an expiration in June 2019 and was used to repay the existing $200,000 mortgage loan secured by the Bank of America Portfolio at the time of the Company’s acquisition of the remaining 50.0% equity interest in the Bank of America Portfolio joint venture. The 2014 Revolving Credit Facility had an expiration in June 2018 , with an option for a one -year extension, and replaced the Company’s previously existing Secured Credit Facility, which was terminated simultaneously. On December 17, 2015, the Company paid off the 2014 Revolving Credit Facility and concurrently replaced the revolving credit facility and term loan under it with the Unsecured Credit Facility, as discussed above. The Company recorded a net loss on the early extinguishment of debt of $9,472 for the year ended December 31, 2015 in connection with the unamortized deferred financing costs that were immediately expensed upon termination. Exchangeable Senior Notes On March 18, 2014, the Company issued $115,000 of 3.75% Exchangeable Senior Notes. The Exchangeable Senior Notes are senior unsecured obligations of a subsidiary of the Operating Partnership and are guaranteed by the Company on a senior unsecured basis. The Exchangeable Senior Notes mature on March 15, 2019 , unless redeemed, repurchased or exchanged in accordance with their terms prior to such date and will be exchangeable, under certain circumstances, for cash, for common shares or for a combination of cash and common shares, at the election of the Operating Partnership. The Exchangeable Senior Notes will also be exchangeable prior to the close of business on the second scheduled trading day immediately preceding the stated maturity date, at any time beginning on December 15, 2018, and also upon the occurrence of certain events. On or after March 20, 2017, in certain circumstances, the Operating Partnership may redeem all or part of the Exchangeable Senior Notes for cash at a price equal to 100.0% of the principal amount of the Exchangeable Senior Notes to be redeemed, plus accrued and unpaid interest up to, but excluding, the redemption date. The Exchangeable Senior Notes had an initial exchange rate of 13.4322 units of Merger consideration per $1.0 principal amount of principal amount of the Exchangeable Senior Notes, where one unit of Merger consideration represents 3.1898 of the Company's common shares, or approximately 42.8460 of the Company's common s hares per $1.0 principal amount of the Exchangeable Senior Notes. The initial exchange rate represents an exchange price of approximately $74.45 per u nit of Merger consideration or $23.34 per share of the Company's common shares. The initial exchange rate is subject to adjustment under certain circumstances. As of December 31, 2016 , the Exchangeable Senior Notes have a current exchange rate of 14.0843 units of Merger consideration, or approximately 44.9261 of the Company's common shares for each $1.0 principal amount of the Exchangeable Senior Notes , representing an exchange price of $22.26 per common share of the Company . The fair value of the Exchangeable Senior Notes was determined at issuance to be $106,689 . The discount is being amortized to interest expense over the expected life of the Exchangeable Senior Notes. As of December 31, 2016 , the principal amount of the Exchangeable Senior Notes was $115,000 , the unamortized discount was $6,168 , and the carrying value was $108,832 . As of December 31, 2016 , and if Exchangeable Senior Notes were eligible for conversion, the Company would issue shares valued at $142,285 based upon the Company’s closing share price of $27.54 , which would exceed the value of the outstanding principal by $27,285 . Due to the New York Stock Exchange’s limitation on the issuance of more than 19.99% of a company’s common shares outstanding without shareholder approval for issuances above this threshold, the embedded exchange option in the Exchangeable Senior Notes did not qualify for equity classification at the time of issuance. Instead, it was accounted for as a derivative liability upon issuance and its value was determined using a probabilistic valuation model with the assistance of third-party valuation specialists. As such, the value of the Exchangeable Senior Notes’ conversion options was initially recorded as a derivative liability on the balance sheet upon issuance of the Exchangeable Senior Notes. On June 26, 2014, the Company obtained the appropriate shareholder approval, and reclassified the embedded exchange option at a fair value of $11,726 into additional paid-in-capital within shareholders’ equity, which is the carrying amount of the equity component as of December 31, 2016 . The exchange option does not qualify, nor did the Company intend for it to qualify, as a hedging instrument. For the year ended December 31, 2014, the Company recorded a loss on derivative of $3,415 on the Consolidated Statements of Operations related to the reclassification of the embedded exchange option. The terms of the Company’s unsecured debt obligations and outstanding balances as of December 31, 2016 and 2015 are set forth in the table below: Stated Interest Rate Effective Interest Rate (1) Maturity Date Outstanding Balance December 31, 2016 2015 2015 Revolving Credit Facility - U.S. dollar tranche 1.64% 1.64% 1/8/2020 $ — $ 275,000 2015 Revolving Credit Facility - Multicurrency tranche 1.02% 1.02% 1/8/2020 65,837 21,724 3-Year Term Loan 1.85% 2.33% 1/8/2019 300,000 300,000 5-Year Term Loan 1.85% 2.70% 1/8/2021 750,000 750,000 7-Year Term Loan 2.14% 3.34% 1/9/2023 175,000 175,000 2015 Senior Unsecured Notes (2) 4.97% 5.07% 12/17/2024 150,000 100,000 2016 Senior Unsecured Notes 3.89% 4.00% 12/15/2022 150,000 — 2016 Senior Unsecured Notes 4.26% 4.37% 12/15/2025 100,000 — 2016 Senior Unsecured Notes 4.32% 4.43% 12/15/2026 100,000 — Exchangeable Senior Notes 3.75% 6.36% 3/15/2019 115,000 115,000 Total unsecured debt 1,905,837 1,736,724 Deferred financing costs and net debt discount (9,704 ) (9,295 ) Total unsecured debt, net $ 1,896,133 $ 1,727,429 (1) Represents the rate at which interest expense is recorded for financial reporting purposes as of December 31, 2016, which reflects the effect of interest rate swaps and amortization of financing costs and fair market value premiums or discounts. (2) There was $100,000 initially issued and sold of the 2015 Senior Unsecured Notes in December 2015 and an additional amount of $50,000 issued and sold with the same terms in January 2016. Combined aggregate principal maturities of the Company's unsecured debt obligations, non-recourse mortgages, unsecured notes, and Exchangeable Senior Notes, in addition to associated interest payments, as of December 31, 2016 are as follows: 2015 Term Loans Mortgage Notes Payable (1) Senior Unsecured Notes Exchangeable Senior Notes Interest Payments Total 2017 $ — $ — $ 65,616 $ — $ — $ 77,676 $ 143,292 2018 — — 171,096 — — 78,412 249,508 2019 — 300,000 40,834 — 115,000 68,102 523,936 2020 65,837 — 60,028 — — 65,495 191,360 2021 — 750,000 16,285 — — 39,555 805,840 Thereafter — 175,000 201,625 500,000 — 88,925 965,550 Above market interest — — — — — (6,546 ) (6,546 ) Total $ 65,837 $ 1,225,000 $ 555,484 $ 500,000 $ 115,000 $ 411,619 $ 2,872,940 (1) Mortgage loan payments reflect accelerated repayment dates, when applicable, pursuant to related loan agreement.

Leasing Agreements

Leasing Agreements	12 Months Ended
	Dec. 31, 2016
Leases, Operating [Abstract]
Leasing Agreements	Leasing Agreements The Company’s properties are leased to tenants under operating leases with expiration dates extending through the year 2039 . These leases generally contain rent increases and renewal options. Future minimum rental revenues under non-cancelable leases, excluding reimbursements for operating expenses, as of December 31, 2016 are as follows: Operating Leases 2017 $ 381,147 2018 380,280 2019 353,816 2020 323,931 2021 298,444 Thereafter 1,599,561 Total minimum lease rental income $ 3,337,179 The Company incurred rent expense on ground leases of $2,093 , $1,582 and $853 during the years ended December 31, 2016 , 2015, and 2014, respectively.

Transactions with Director Rela

Transactions with Director Related Entities and Related Parties	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Transactions with Director Related Entities and Related Parties	Transactions with Trustee Related Entities and Related Parties In December 2016, the Company sold its 5.1% interest in one property located in Lille, France held by the Goodman Europe JV to the Gramercy European Property Fund, in which the Company has a 14.2% ownership interest, for gross proceeds of $2,662 ( €2,563 ). On June 30, 2016, the Company sold 74.9% of its outstanding 80.0% interest in the Goodman Europe JV to the Gramercy European Property Fund, in which the Company has a 14.2% interest as of December 31, 2016. The Company has committed and funded total capital of $55,892 ( €50,000 ) to the Gramercy European Property Fund and the Company’s CEO, who is on the board of directors, also has capital commitments to the investment, as noted below. The Company sold 74.9% of its interest in the Goodman Europe JV to the Gramercy European Property Fund for gross proceeds of $148,884 ( €134,336 ), based on third-party valuations for the underlying properties. The Company’s sale of 74.9% of its interest in the Goodman Europe JV resulted in the Company recording a gain of $5,341 primarily related to depreciation and amortization recorded since Merger closing date. This gain amount is recorded as a gain on sale of unconsolidated equity investment interests held with a related party on the Company’s Consolidated Statements of Operations for the year ended December 31, 2016. Following the sale transaction, the Company has a 5.1% continuing direct interest in the Goodman Europe JV. The transaction was entered into in order to achieve efficiencies from the combination of the two European platforms. The Company’s CEO, Gordon F. DuGan, is on the board of directors of the Gramercy European Property Fund and has committed and fully funded approximately $1,388 ( €1,250 ) in capital to the Gramercy European Property Fund. The two Managing Directors of Gramercy Europe Asset Management have collectively committed and fully funded approximately $1,388 ( €1,250 ) in capital to the Gramercy European Property Fund. Foreign currency commitments have been converted into U.S. dollars based on (i) the foreign exchange rate at the closing date for completed transactions and (ii) the exchange rate that prevailed on December 31, 2016, in the case of unfunded commitments. One of the properties acquired in December 2015 as part of the Merger was partially leased to Duke Realty, the Company’s partner in the Duke JV. Duke Realty acted as the managing member of the Duke JV which was dissolved in July 2016 as described in Note 5, and as such provided asset management, construction, development, leasing and property management services, for which it was entitled to fees as well as a promoted interest. From the date of the Merger through lease expiration in May 2016, Duke Realty leased 30,777 square feet of one of the Company’s office properties located in Minnesota which had an aggregate 322,551 rentable square feet. Duke Realty paid the Company $333 under the lease for the year ended December 31, 2016. See Note 5 for more information on the Company’s transactions with the Duke JV. In June 2013, the Company signed a lease agreement with 521 Fifth Fee Owner LLC, an affiliate of SL Green for whom one of the Company's previous directors serves as Chief Executive Officer, for new corporate office space located at 521 Fifth Avenue, 30th Floor, New York, New York. The lease commenced in September 2013, following the completion of certain improvements to the space. The lease is for approximately 6,580 square feet and expires in 2023 with rents of approximately $368 per annum for year one rising to $466 per annum in year ten . The Company paid $381 , $375 , and $368 under the lease for the years ended December 31, 2016 , 2015 , and 2014 , respectively. In January 2017, the Company exercised a cancellation right to terminate the lease, which is effective in August 2018, for a fee of $158 . The Company acquired three properties in January 2015 in an arms-length transaction from affiliates of KTR Capital Partners, a private industrial real estate investment company, for which one of the Company’s trustees, Jeffrey Kelter, served as Chief Executive Officer and Chairman of the Board. The properties are located in Milwaukee, Wisconsin, comprise an aggregate 450,000 square feet and were acquired for an aggregate purchase price of approximately $19,750 .

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements ASC 820-10, “Fair Value Measurements and Disclosures,” among other things, establishes a hierarchical disclosure framework associated with the level of pricing observability utilized in measuring financial instruments and other assets and liabilities at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, or an exit price. The Company discloses fair value information, whether or not recognized in the financial statements, for which it is practicable to estimate that value. In cases where quoted market prices are not available, fair values are based upon the application of discount rates to estimated future cash flows based upon market yields or by using other valuation methodologies. Considerable judgment is necessary to interpret market data and develop estimated fair value. Accordingly, fair values are not necessarily indicative of the amounts the Company could realize on disposition of the financial instruments and other assets and liabilities measured at fair value. The use of different market assumptions and/or estimation methodologies may have a material effect on estimated fair value amounts. The level of pricing observability generally correlates to the degree of judgment utilized in measuring the fair value of financial instruments and other assets and liabilities. The three broad levels defined are as follows: Level I - This level is comprised of financial instruments and other assets and liabilities that have quoted prices that are available in liquid markets for identical assets or liabilities. Level II - This level is comprised of financial instruments and other assets and liabilities for which quoted prices are available but which are traded less frequently and instruments that are measured at fair value using management’s judgment, where the inputs into the determination of fair value can be directly observed. Level III - This level is comprised of financial instruments and other assets and liabilities that have little to no pricing observability as of the reported date. These financial instruments do not have active markets and are measured using management’s best estimate of fair value, where the inputs into the determination of fair value require significant management judgment and assumptions. Instruments that are generally in this category include derivatives. The following table presents the carrying value in the financial statements and approximate fair value of assets and liabilities measured on a recurring and non-recurring basis at December 31, 2016 and 2015 : December 31, 2016 December 31, 2015 Carrying Value Fair Value Carrying Value Fair Value Financial assets: Interest rate swaps $ 3,769 $ 3,769 $ — $ — Retained CDO Bonds $ 11,906 $ 11,906 $ 7,471 $ 7,471 Investment in CBRE Strategic Partners Asia $ 4,145 $ 4,145 $ 5,508 $ 5,508 Real estate investments (1) $ 2,413 $ 2,413 $ 393,984 $ 393,984 Financial liabilities: Derivative instruments $ — $ — $ 3,442 $ 3,442 Interest rate swaps $ 700 $ 700 $ — $ — Long term debt Revolving credit facilities (2) $ 65,837 $ 65,897 $ 296,724 $ 297,394 3-Year Term Loan (2) $ 300,000 $ 300,213 $ 300,000 $ 300,349 5-Year Term Loan (2) $ 750,000 $ 750,959 $ 750,000 $ 751,304 7-Year Term Loan (2) $ 175,000 $ 172,850 $ 175,000 $ 175,338 Mortgage notes payable (2),(3) $ 558,642 $ 567,705 $ 770,293 $ 805,590 Senior Unsecured Notes (2) $ 496,464 $ 498,650 $ 100,000 $ 100,528 Exchangeable Senior Notes (2) $ 108,832 $ 115,625 $ 109,394 $ 115,524 (1) Amounts as of December 31, 2016 represent one real estate investment impaired during 2016 and amounts as of December 31, 2015 represent six real estate investments classified as held for sale at Merger closing. (2) Long-term debt instruments are classified as Level III due to the significance of unobservable inputs which are based upon management assumptions. (3) Amounts as of December 31, 2015, include mortgage notes payable on assets held for sale, which had total carrying value of $260,704 and total fair value of $263,308 . The following methods and assumptions were used to estimate the fair value of each class of assets and liabilities for which it is practicable to estimate the value: Cash and cash equivalents, marketable securities, accrued interest, and accounts payable: These balances in the Consolidated Financial Statements reasonably approximate their fair values due to the short maturities of these items. Retained CDO Bonds: Non-investment grade, subordinate CDO bonds, preferred shares and ordinary shares are presented in other assets on the Consolidated Financial Statements at fair value. The fair value is determined by an internally developed discounted cash flow model. CBRE Strategic Partners Asia: The Company’s unconsolidated equity investment, CBRE Strategic Partners Asia, is presented in the Consolidated Financial Statements at fair value. CBRE Strategic Partners Asia is an investment company that accounts for its investments at fair value with changes in the fair value of the investments recorded within equity in net income (loss) of unconsolidated equity investments on the Consolidated Statements of Operations. The investment manager of CBRE Strategic Partners Asia applies valuation techniques for the Company’s investment carried at fair value based upon the application of the income approach, the direct market comparison approach, the replacement cost approach or third-party appraisals to the underlying assets held in the unconsolidated entity in determining the net asset value attributable to the Company’s ownership interest therein. Refer to Note 5 for more information on this investment. Real estate investments: Real estate investments impaired during the period are reported at estimated fair value and real estate investments classified as held for sale at Merger closing are reported at estimated fair value, less costs to sell and are included in discontinued operations, as further described in Note 3 . Derivative instruments: The Company’s derivative instruments, which are comprised of interest rate swap agreements, are carried at fair value in the Consolidated Financial Statements based upon third-party valuations. Derivative fair values are presented within other assets or other liabilities, depending on the balance at the end of the period. Changes in fair value of derivative instruments that represent realized gains (losses) are recorded within interest expense on the Consolidated Statements of Operations. Refer to Note 10 for more information on the derivative instruments. Mortgage notes payable, unsecured term loans, unsecured revolving credit facilities and senior unsecured notes: These instruments are presented in the Consolidated Financial Statements at amortized cost and not at fair value. The fair value of each instrument is estimated by a discounted cash flows model, using discount rates that best reflect current market rates for financings with similar characteristics and credit quality. Mortgage premiums and discounts are amortized to interest expense on the Consolidated Statements of Operations using the effective interest method over the terms of the related notes. Refer to Note 6 for more information on these instruments. Exchangeable Senior Notes: The Exchangeable Senior Notes are presented at amortized cost on the Consolidated Financial Statements. The fair value is determined based upon a discounted cash-flow methodology using discount rates that best reflect current market rates for instruments with similar with characteristics and credit quality. Refer to Note 6 for more information on these instruments. Disclosure about fair value measurements is based on pertinent information available to the Company at the reporting date. Although the Company is not aware of any factors that would significantly affect the reasonable fair value amounts, such amounts have not been comprehensively revalued for the purpose of these financial statements since December 31, 2016 and 2015, and current estimates of fair value may differ significantly from the amounts presented herein. The following discussion of fair value was determined by the Company using available market information and appropriate valuation methodologies. Considerable judgment is necessary to interpret market data and develop estimated fair value. Accordingly, fair values are not necessarily indicative of the amounts the Company could realize on disposition of the assets or liabilities. Determining which category an asset or liability falls within the hierarchy requires significant judgment and the Company evaluates its hierarchy disclosures each quarter. Assets and liabilities measured at fair value on a recurring basis and on a non-recurring basis are categorized in the table below based upon the lowest level of significant input to the valuations. At December 31, 2016 Total Level I Level II Level III Financial Assets: Retained CDO Bonds $ 11,906 $ — $ — $ 11,906 Real estate investments 2,413 — — 2,413 Investment in CBRE Strategic Partners Asia 4,145 — — 4,145 Interest rate swaps 3,769 — — 3,769 $ 22,233 $ — $ — $ 22,233 Financial Liabilities: Derivative instruments: Interest rate swaps $ (700 ) $ — $ — $ (700 ) $ (700 ) $ — $ — $ (700 ) At December 31, 2015 Total Level I Level II Level III Financial Assets: Retained CDO Bonds $ 7,471 $ — $ — $ 7,471 Investment in CBRE Strategic Partners Asia 5,508 — — 5,508 Real estate investments classified as held for sale at Merger closing 393,984 — — 393,984 $ 406,963 $ — $ — $ 406,963 Financial Liabilities: Derivative instruments: Interest rate swaps $ 3,442 $ — $ — $ 3,442 $ 3,442 $ — $ — $ 3,442 Valuation of Level III Instruments Retained CDO Bonds: Retained CDO Bonds are valued on a recurring basis using an internally developed discounted cash flow model. Management estimates the timing and amount of cash flows expected to be collected and applies a discount rate equal to the yield that the Company would expect to pay for similar securities with similar risks at the valuation date. Future expected cash flows generated by management require significant assumptions and judgment regarding the expected resolution of the underlying collateral, which includes loans and other lending investments, and real estate investments. The resolution of the underlying collateral requires further management assumptions regarding capitalization rates, lease-up periods, future occupancy rates, market rental rates, holding periods, capital improvements, net property operating income, timing of workouts and recoveries, loan loss severities and other factors. The models are most sensitive to the unobservable inputs such as the timing of a loan default or property sale and the severity of loan losses. Significant increases (decreases) in any of those inputs in isolation as well as any change in the expected timing of those inputs would result in a significantly lower (higher) fair value measurement. Due to the inherent uncertainty in the determination of fair value, the Company has designated its Retained CDO Bonds as Level III. Investment in CBRE Strategic Partners Asia: The Company’s investment in CBRE Strategic Partners Asia is based on the Level III valuation inputs applied by the investment manager of CBRE Strategic Partners Asia, utilizing a mix of different approaches for valuing the underlying real estate related investments within the investment company. The approaches include the income approach, direct market comparison approach and the replacement cost approach for newer properties. For investments owned more than one year, except for investments under construction or incurring significant renovation, CBRE Strategic Partners Asia obtains a third-party appraisal. For investments in real estate under construction or incurring significant renovation, the valuation analysis is prepared by the investment manager of CBRE Strategic Partners Asia. The valuations are most sensitive to the unobservable inputs of discount rates, as well as capitalization rates an expected future cash flows, and significant increases (decreases) in these inputs would result in a significantly lower (higher) fair value measurement. On a quarterly basis, the Company obtains the financial results of CBRE Strategic Partners Asia and on an annual basis the Company receives audited financial statements. The fund’s term, after one exercised extension period, ended in January 2017, and commencement of the fund's liquidation was filed in early February 2017. The fund will wind up over the succeeding 24 months. Real estate investments: Real estate investments classified as held for sale at the time of the Merger are reported at estimated fair value, less costs to sell. Real estate investments impaired during the period are reported at estimated fair value. The fair value of real estate investments and their related lease intangibles is determined by an independent valuation firm using valuation techniques including the market approach, income approach, and cost approach. Key assumptions in the valuations, to which the fair value determinations are most sensitive, include discount and capitalization rates as well as expected future cash flows. Significant increases (decreases) in these inputs would result in a significantly lower (higher) fair value measurement. As the inputs are unobservable, the Company determined the inputs used to value this liability falls within Level III for fair value reporting. Derivative instruments: Interest rate swaps are valued with the assistance of a third-party derivative specialist using a discounted cash flow model, which requires a combination of observable market-based inputs, such as interest rate curves, and unobservable inputs which require significant judgment such as the credit valuation adjustments due to the risk of non-performance by both the Company and its counterparties. The most significant unobservable input in the fair valuation of derivative instruments is the credit valuation adjustment as it requires significant management judgment regarding changes in the credit risk of the Company or its counterparties, however the primary driver of the fair value of the interest rate swaps is the forward interest rate curve. Total unrealized gains (losses) from derivatives for the years ended December 31, 2016 , 2015 , and 2014 were $5,634 , $(2,885) , and $(3,002) respectively, in accumulated other comprehensive income (loss). Fair Value on a Recurring Basis Quantitative information regarding the valuation techniques and the range of significant unobservable Level III inputs used to determine fair value measurements on a recurring basis as of December 31, 2016 are as follows: Financial Asset (Liability) Fair Value Valuation Technique Unobservable Inputs Range Non-investment grade, subordinate CDO bonds $ 11,906 Discounted cash flows Discount rate 16.50% Interest rate swaps (1) $ 3,069 Hypothetical derivative method Credit borrowing spread 125 to 245 basis points Investment in CBRE Strategic Partners Asia $ 4,145 Discounted cash flows Discount rate 20.00% (1) Fair value includes interest rate swap liabilities with an aggregate value of $700 . The following rollforward table reconciles the beginning and ending balances of financial assets (liabilities) measured at fair value on a recurring basis using Level III inputs as of December 31, 2016 : Retained CDO Bonds Investment in Interest Rate Swaps Total Balance at December 31, 2015 $ 7,471 $ 5,508 $ (3,442 ) $ 9,537 Amortization of discounts or premiums 1,746 — — 1,746 Adjustments to fair value: Termination of derivative instrument (1) — — 8 8 Ineffective portion of change in derivative instruments — — 869 869 Unrealized gain on derivatives — — 5,634 5,634 Unrealized gain in other comprehensive income from fair value adjustment 2,689 — — 2,689 Total income on fair value adjustments — (1,049 ) — (1,049 ) Purchase price allocation adjustments — (314 ) — (314 ) Balance at December 31, 2016 $ 11,906 $ 4,145 $ 3,069 $ 19,120 (1) The Company terminated one interest rate swap in connection with repayment of the related mortgage loan, and as a result of this termination, the Company recorded a loss of $8 for the year ended December 31, 2016. Fair Value on a Non-Recurring Basis The Company measured its real estate investments which were impaired during the period on a non-recurring basis as of December 31, 2016. The Company had one and zero assets in this classification as of December 31, 2016 and 2015, respectively. The Company measured its real estate investments classified as held for sale at the time of the Merger on a non-recurring basis as of December 31, 2015 . The Company had zero and six assets in this classification as of December 31, 2016 and 2015 , respectively, as the Company sold the six assets during the year ended December 31, 2016 . The assets impaired during the period are recorded at fair value and the assets classified as held for sale at the time of the Merger are recorded at fair value, less costs to sell, as of December 31, 2016 and 2015 . The assets held for sale at the time of the Merger are included in discontinued operations ,as described in further detail in Note 3 .

Derivative and Hedging Instrume

Derivative and Hedging Instruments	12 Months Ended
	Dec. 31, 2016
Derivative Instrument Detail [Abstract]
Derivative and Hedging Instruments	Derivative and Non-Derivative Hedging Instruments In the normal course of business, the Company is exposed to the effect of interest rate changes and foreign exchange rate changes. The Company limits these risks by following established risk management policies and procedures including the use of derivatives and net investment hedges. The Company uses a variety of derivative instruments to manage, or hedge, interest rate risk. The Company enters into hedging and derivative instruments that will be maximally effective in reducing the interest rate risk and foreign currency exchange rate risk exposure that they are designated to hedge. This effectiveness is essential for qualifying for hedge accounting. Instruments that meet these hedging criteria are formally designated as hedges at the inception of the derivative contract. The Company uses a variety of commonly used derivative products that are considered “plain vanilla” derivatives. These derivatives typically include interest rate swaps, caps, collars and floors. The Company expressly prohibits the use of unconventional derivative instruments and using derivative instruments for trading or speculative purposes. Further, the Company has a policy of only entering into contracts with major financial institutions based upon their credit ratings and other factors. The Company recognizes all derivatives on the Consolidated Balance Sheets at fair value within other assets or other liabilities, depending on the balance at the end of the period. Derivatives that are not designated as hedges must be adjusted to fair value through income. If a derivative is a hedge, depending on the nature of the hedge, changes in the fair value of the derivative will either be offset against the change in fair value of the hedged asset, liability or firm commitment through earnings, or recognized in other comprehensive income until the hedged item is recognized in earnings. The ineffective portion of a derivative’s change in fair value will be immediately recognized in earnings. Derivative accounting may increase or decrease reported net income and shareholders’ equity prospectively, depending on future levels of the London Interbank Offered Rate, or LIBOR, swap spreads and other variables affecting the fair values of derivative instruments and hedged items, but will have no effect on cash flows, provided the contract is carried through to full term. In December 2016, the Company entered into three new interest rate swap derivative contracts associated with its 3-Year Term Loan. In connection with the Merger in December 2015, the Company assumed three interest rate swap derivative contracts related to mortgage loans on real estate assets. The Company re-designated these interest rate swaps as cash flow hedges. The resulting off-market cash flow hedges were deemed highly effective upon re-designation. During the year ended December 31, 2016, the Company terminated one interest rate swap in connection with repayment of the related mortgage loan. Additionally, the Company terminated the interest rate swap on its 2014 Term Loan and, in connection with its entry into the 2015 Revolving Credit Facility, entered into two new interest rate swap derivative contracts related to the 5-Year Term Loan and 7-Year Term Loan associated with its 2015 Revolving Credit Facility. Borrowings on the Company’s multicurrency tranche of the 2015 Revolving Credit Facility, which are designated as non-derivative net investment hedges, are recognized at par value based on the exchange rate in effect on the date of the draw. Subsequent changes in the exchange rate of the Company’s non-derivative net investment hedge are recognized as part of the cumulative foreign currency translation adjustment within other comprehensive income (loss). Refer to Note 9 for additional information on the Company's hedging instruments, including the fair value measurement of these instruments. The following table summarizes the Company’s derivative and non-derivative hedging instruments at December 31, 2016 : Benchmark Rate Notional Value Strike Rate Effective Date Expiration Date Fair Value Interest Rate Swap - Waco 1 mo. USD-LIBOR-BBA 15,187 USD 4.55% 12/19/2013 12/19/2020 $ (441 ) Interest Rate Swap - Atrium I 1 mo. USD-LIBOR-BBA 19,708 USD 1.78% 8/16/2011 5/31/2018 (181 ) Interest Rate Swap - Easton III 1 mo. USD-LIBOR-BBA 5,908 USD 1.95% 8/16/2011 1/31/2019 (78 ) Interest Rate Swap - 3-Year Term Loan 1 mo. USD-LIBOR-BBA 100,000 USD 1.22% 12/19/2016 12/17/2018 109 Interest Rate Swap - 3-Year Term Loan 1 mo. USD-LIBOR-BBA 100,000 USD 1.23% 12/19/2016 12/17/2018 100 Interest Rate Swap - 3-Year Term Loan 1 mo. USD-LIBOR-BBA 100,000 USD 1.24% 12/19/2016 12/17/2018 79 Interest Rate Swap - 5-Year Term Loan 1 mo. USD-LIBOR-BBA 750,000 USD 1.60% 12/17/2015 12/17/2020 2,552 Interest Rate Swap - 7-Year Term Loan 1 mo. USD-LIBOR-BBA 175,000 USD 1.82% 12/17/2015 1/9/2023 929 Net Investment Hedge in EUR-denominated investments USD-EUR exchange rate 45,000 EUR N/A 9/28/2015 N/A — Net Investment Hedge in GBP-denominated investments USD-GBP exchange rate 15,000 GBP N/A 7/15/2016 N/A — Total hedging instruments $ 3,069 As of December 31, 2016 , the Company’s derivative instruments consist of interest rate swaps, which are cash flow hedges. Through its interest rate swaps, the Company is hedging exposure to variability in future interest payments on its debt facilities. At December 31, 2016 , the Company's interest rate swap derivative instruments were reported in other assets at fair value of $3,769 and in other liabilities at fair value of $(700) . Swap gain (loss) of $869 , $(600) , and $0 was recognized as interest expense in the Consolidated Statements of Operations for the years ended December 31, 2016 , 2015 , and 2014 , respectively, with respect to interest rate swap hedge ineffectiveness, or to amounts excluded from ineffectiveness, which relates to the off-market financing element associated with certain derivatives. During the first half of 2016, the Company amended its 5-Year Term Loan and its 7-Year Term Loan in order to remove the 0.00% rate floor on the applicable LIBOR that existed in the original loan agreements, and as a result, during the second quarter of 2016 the Company reversed previously recorded hedge ineffectiveness of $2,564 . During the years ended December 31, 2016 and 2015, the Company terminated one derivative and reclassified $1,187 and $1,179 , respectively, from accumulated other comprehensive income into interest expense. Over time, the realized and unrealized gains and losses held in accumulated other comprehensive income will be reclassified into earnings in the same periods in which the hedged interest payments affect earnings. During the next 12 months, the Company expects that $6,968 will be reclassified from other comprehensive income as an increase in interest expense for the Company’s interest rate swaps as of December 31, 2016 . Additionally, the Company will recognize $2,649 in interest expense on a straight-line basis over the remaining original term of terminated swaps through June 2019, representing amortization of the remaining accumulated other comprehensive income balance related to the swap, and of this amount $1,087 will be recognized in interest expense during the next 12 months. The Company hedges its investments based in foreign currencies using non-derivative net investment hedges in conjunction with borrowings under the multicurrency tranche of its 2015 Revolving Credit Facility. The Company’s non-derivative net investment hedge on its euro-denominated investments, which was entered into in September 2015, is used to hedge exposure to changes in the euro-U. S. dollar exchange rate underlying its unconsolidated net equity investments in the Gramercy European Property Fund and the Goodman Europe JV, both of which have euros as their functional currency. The Company’s non-derivative net investment hedge on its British pound sterling-denominated investments, which was entered into in July 2016, is used to hedge exposure to changes in the British pound sterling-U.S. dollar exchange rate underlying its unconsolidated net equity investment in the Goodman UK JV and its wholly-owned property in Coventry, UK until its disposition in December 2016, both of which have British pounds sterling as their functional currency. At December 31, 2016 , the non-derivative net investment hedge value is reported at carrying value as a net liability of $65,837 , which is included in the balance of the senior unsecured revolving credit facility on the Consolidated Balance Sheets. During the year ended December 31, 2016 , the Company recorded net gain (loss) of $5,154 , in other comprehensive income (loss) from the impact of exchange rates related to the non-derivative net investment hedges. No gain or loss was recognized with respect to non-derivative net investment hedge ineffectiveness, or to amounts excluded from ineffectiveness, in interest expense in the Consolidated Statements of Operations the years ended December 31, 2015 and 2014. When the non-derivative net investments being hedged are sold or substantially liquidated, the balance of the translation adjustment accumulated in other comprehensive income will be reclassified into earnings. In June 2016, the Company entered into a foreign currency forward contract to mitigate its exposure to foreign currency exchange rate movements in the euro, specifically in relation to funds received in euros on the sale of 74.9% of its 80.0% interest in the Goodman Europe JV. The foreign currency forward was a derivative contract, which was not designated as a hedging instrument, through which the Company was committed to deliver a certain amount of currency at a set price on a specific date in the future. The forward contract locked in the Company’s future currency exchange rate for the term of the contract, thus minimizing the Company’s exposure to rate fluctuations during this period. The Company settled the contract on July 7, 2016. For the year ended December 31, 2016, the Company recognized net loss of $22 , in other income on the Consolidated Statements of Operations, related to the change in the value of the euro-denominated asset underlying the contract.

Stockholders' Equity (Deficit)

Stockholders' Equity (Deficit)	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Stockholders' Equity (Deficit)	Shareholders’ Equity (Deficit) The equity structure in the Consolidated Financial Statements following the reverse merger reflects the equity structure of the Company. As a result, the Company's common shares outstanding have been adjusted retroactively for all prior periods presented computed on the basis of the number of shares outstanding multiplied by the exchange ratio of 3.1898 established in the Merger Agreement. As of December 31, 2016 and 2015 , the Company's authorized capital shares consists of 500,000,000 and 1,000,000,000 shares of beneficial interest, respectively, $0.01 par value per share, of which the Company is authorized to issue up to 490,000,000 and 990,000,000 common shares of beneficial interest, $0.01 par value per share, or common shares, and 10,000,000 preferred shares of beneficial interest, par value of $0.01 , or preferred shares. As of December 31, 2016 , 140,647,971 common shares and 3,500,000 preferred shares were issued and outstanding, respectively. In December 2016, the Company amended its Declaration of Trust decreasing the number of its authorized capital shares from 1,000,000,000 shares to 500,000,000 shares and decreasing the number of its authorized common shares from 990,000,000 shares to 490,000,000 shares. In December 2016, the Company's board of trustees approved a 1-for-3 reverse share split of its common shares and outstanding OP Units. The reverse share split was effective after the close of trading on December 30, 2016 and the Company's common shares began trading on a reverse-split-adjusted basis on the New York Stock Exchange on January 3, 2017. In April 2015, the Company completed an underwritten public offering of 10,393,432 shares of its common stock, which includes the exercise in full by the underwriters of their option to purchase up to 1,355,665 additional shares of common stock. The shares of common stock were issued at a public offering price of $26.10 per share and the net proceeds from the offering were approximately $259,325 , after expenses. In February 2015, Gramercy's board of directors approved a 1-for-4 reverse stock split of its common stock and outstanding OP Units. The reverse stock split was effective after the close of trading on March 20, 2015, and the Company’s common stock began trading on a reverse split-adjusted basis on the New York Stock Exchange on March 23, 2015. Dividends For the year ended December 31, 2016 , the Company’s common dividends are as follows: Quarter Ended Record Date Payment Date Common dividend per share Preferred dividend per share March 31, 2016 March 31, 2016 April 15, 2016 $ 0.330 $ 0.445 June 30, 2016 June 30, 2016 July 15, 2016 $ 0.330 $ 0.445 September 30, 2016 September 30, 2016 October 14, 2016 $ 0.330 $ 0.445 December 31, 2016 December 30, 2016 January 13, 2017 $ 0.375 $ 0.445 For the year ended December 31, 2016, dividends paid represented 68.0% ordinary income, 26.3% capital gains, and 5.7% return of capital. For the years ended December 31, 2015 and 2014, dividends paid to Legacy Gramercy shareholders represented ordinary income. Dividend Reinvestment Plan In June 2016, the Company adopted a dividend reinvestment plan, or DRIP, under which shareholders may use their dividends and optional cash payments to purchase additional common shares of the Company. In August 2016, the Company registered 3,333,333 common shares related to the DRIP. As of December 31, 2016 , DRIP had 3,332,636 remaining shares. There have been 697 shares issued under the DRIP as of December 31, 2016 . Share Repurchase Program In February 2016, the Company’s board of trustees approved a share repurchase program authorizing the Company to repurchase up to $100,000 of the Company’s outstanding common shares. Purchases under the program will be made from time to time in the open market or in privately negotiated transactions. The timing, manner, price and amount of any repurchases will be determined by the Company in its discretion and will be subject to economic and market conditions, share price, applicable legal requirements and other factors. The program will be suspended or discontinued at any time. For the year ended December 31, 2016 , the Company did not repurchase any shares. At-The-Market Equity Offering Program In July 2016, the Company’s board of trustees approved the establishment of an “at the market” equity issuance program, or ATM Program. The Company filed a prospectus supplement to its currently effective registration statement with the SEC during January 2017, pursuant to which the Company may offer and sell common shares with an aggregate gross sales price of up to $375,000 . Prior to the Merger, the Company had an ATM Program to issue an aggregate of up to $100,000 of its common stock. During the year ended December 31, 2015 , the Company sold 698,259 shares of its common stock through the ATM Program for $18,292 of net proceeds after related expenses. The legacy ATM Program was terminated upon closing of the Merger on December 17, 2015. Preferred Shares Holders of the Company's 7.125% Series A Preferred Shares, or Series A Preferred Shares, are entitled to receive annual dividends of $1.78125 per share on a quarterly basis and dividends are cumulative, subject to certain provisions. On or after August 15, 2019, the Company can, at its option, redeem the Series A Preferred Shares at par for cash. At December 31, 2016 , the Company has 3,500,000 of its Series A Preferred Shares outstanding with a mandatory liquidation preference of $25.00 per share. The Company's Series A Preferred Shares were issued upon closing of the Merger on a one-for-one basis in exchange for Legacy Gramercy’s 3,500,000 shares of 7.125% Series B Preferred Stock, or Series B Preferred Stock. Series A Preferred Shares and Series B Preferred Stock had the same preferences, rights and privileges. In September 2014, the Company redeemed all of the outstanding shares of its 8.125% Series A Preferred Stock at a redemption price of $25.32161 per share, equal to the sum of the $25.00 per share redemption price of the share and a quarterly dividend of $0.32161 prorated to the redemption date of September 12, 2014. The 8.125% Series A Preferred Stock were replaced by the Series B Preferred Stock, for which the Company received $81,638 in net proceeds after expenses upon issuance in August 2014. As a result of the redemption, the Company recorded a $2,912 charge to the Consolidated Statements of Operations equal to the excess of the $25.00 per share liquidation preference over the carrying value as of the redemption date. Holders of the 8.125% Series A Preferred Share were entitled to receive annual dividends of $2.03125 per share on a quarterly basis and dividends were cumulative, subject to certain provisions. Equity Incentive Plans In June 2016, the Company instituted its 2016 Equity Incentive Plan, which was approved by the Company’s board of trustees and shareholders. The 2016 Equity Incentive Plan allows for the following awards to be made: (i) share options that qualify as incentive share options under Section 422 of the Internal Revenue Code, (ii) share options that do not qualify, (iii) share appreciation rights, (iv) share awards, (v) restricted share units, and (vi) dividend equivalents and other equity awards, including LTIP Units. The aggregate number of common shares of the Company that may be issued or transferred under the 2016 Equity Incentive Plan is 4,000,000 shares, subject to adjustment in certain circumstances. The Company’s common shares that are issued or transferred under the 2016 Equity Plan may be authorized but unissued common shares of the Company or reacquired common shares of the Company, including common shares of the Company purchased by it on the open market for purposes of the 2016 Equity Incentive Plan. The 2016 Equity Incentive Plan became effective on June 23, 2016 and will terminate on the day immediately preceding the tenth anniversary of its effective date, unless sooner terminated by the board of trustees. As of December 31, 2016, there were 3,414,280 shares available for grant under the 2016 Equity Incentive Plan. The fair value of legacy Chambers' equity awards that vested into the merger was allocated between consideration and acquisition and merger related expense based upon the portion of the service period attributable to the term that had passed before the merger closing and the remaining original term. The Legacy Gramercy equity incentive plans continued substantially under their original terms following the Merger, with the exception of some changes in vesting for certain awards that resulted from the close of the Merger, which are described in further detail below. Following the Merger until the adoption of the 2016 Equity Incentive Plan in June 2016, the Company’s active equity incentive plan, from which share awards were issued, was the Chambers equity incentive plan, or the 2013 Equity Incentive Plan. The Company’s 2004 Equity Incentive Plan, 2012 Inducement Plan, 2012 Outperformance Plan, 2013 Equity Incentive Plan, and 2015 Equity Incentive Plan continued to exist following the Merger, however they are inactive and thus no new share awards will be issued out of any of these plans. In June 2012, the Company adopted the 2012 Inducement Equity Incentive Plan, or the 2012 Inducement Plan, in connection with the hiring of Gordon F. DuGan, Benjamin P. Harris, and Nicholas L. Pell, who joined the Company on July 1, 2012. Under the 2012 Inducement Plan, the Company may grant equity awards for up to 4,784,700 shares of common stock. The 2012 Inducement Plan authorizes the grant of (i) NQSOs, (ii) shares of restricted stock, (iii) phantom shares, (iv) dividend equivalent rights and (v) other forms of equity-based awards, including LTIP Units, as “employment inducement awards.” All of the shares available under the 2012 Inducement Plan were issued or reserved for issuance to Messrs. DuGan, Harris and Pell in connection with the equity awards made upon the commencement of their employment with the Company. Equity awards issued under the 2012 Inducement Plan had a fair value of $6,125 on the date of grant which was calculated in accordance with ASC 718. The 2012 Inducement Plan terminates on the ten year anniversary of its approval by Gramercy's board of directors, unless sooner terminated. As a result of the Merger, the change in control provision for the restricted share units was triggered and vesting of the restricted share units subsequent to the closing of the Merger occurs on a straight-line basis as the performance hurdles, which determined vesting in the past, ceased to apply following the close of the Merger. There were 98,086 restricted share units that vested during the year ended December 31, 2016. As of December 31, 2016, there are 98,086 unvested restricted share units. In July 2012, the Company adopted the 2012 Long-Term Outperformance Plan, or 2012 Outperformance Plan, which provides that if certain performance goals are achieved and other conditions are met, LTIP Units would be issued to certain executives under the 2012 Inducement Equity Incentive Plan and to certain executives under the 2004 Equity Incentive Plan. The LTIP Units are structured to quality as “profits interests” for U.S. federal income tax purposes and do not have full parity, on a per unit basis, with the Class A limited partnership interests in the Legacy Gramercy's operating partnership with respect to liquidating distributions. The amount of LTIP Units earned under the 2012 Outperformance Plan would range from $4,000 if the Company’s common stock price equaled a minimum hurdle of $18.81 per share (less any dividends paid during the performance period) to $20,000 if the Company’s common stock price equals or exceeds $33.87 per share (less any dividends paid during the performance period) at the end of the performance period. Effective at the closing of the Merger, the change in accelerated vesting control provisions of the 2012 Outperformance Plan were waived by all plan participants, and as a result the LTIP Units awarded thereunder continued, subject to the original service and performance conditions. The LTIP Units had a fair value of $2,715 on the date of grant, which was calculated in accordance with ASC 718. Of the total LTIP Units earned, 50.0% vested during the year ended December 31, 2016, representing 329,757 LTIP Units. As of December 31, 2016, there were 329,757 LTIP Units earned but unvested, which will vest on June 30, 2017 based, in each case, on continued employment through the vesting date. Once LTIP Units are earned and vested, they are convertible into OP Units and included in the Company's noncontrolling interest, as discussed in Note 12. Equity Plan Activities In 2016, the Company issued a maximum total of 568,990 LTIP Units under its 2016 Equity Incentive Plan. The number of LTIPs Units actually earned by the grantees will be based on the achievement of established performance hurdles with respect to the Company’s actual and relative total shareholder returns during the period July 1, 2016 through June 30, 2019. Of the earned units, 50.0% will vest on June 30, 2019, and the remaining 50.0% will vest on June 30, 2020, based on continued employment through that date. Vested LTIP Units are convertible on a one-for-one basis into OP Units. The LTIP Units issued in 2016 had an aggregate fair value of $7,552 as of their date of grant, which was calculated in accordance with ASC 718, with share price volatility being one of the primary inputs in the valuation. The Company accounts for share-based awards using the fair value recognition provisions. Awards of shares or restricted shares are expensed as compensation over the benefit period and may require inputs that are highly subjective and require significant management judgment and analysis to develop. The Company assumes a forfeiture rate which impacts the amount of aggregate compensation cost recognized. The Company allows employees the option to satisfy minimum statutory tax-withholding requirements related to shares that vested during the period by withholding common shares equal to the required amount. Through December 31, 2016 , 973,372 restricted shares had been issued under the equity incentive plans, of which 67.2% have vested. Except for certain performance based awards, the vested and unvested shares are currently entitled to receive distributions on common shares if common share dividends are paid by declared by the Company. Holders of restricted shares are prohibited from selling such shares until they vest but are provided the ability to vote such shares beginning on the date of grant. Compensation expense of $2,313 , $1,360 and $950 was recorded for the years ended December 31, 2016 , 2015 , and 2014 , respectively, related to the issuance of restricted shares. Compensation expense of $5,100 will be recorded over the course of the next 35 months representing the remaining weighted average vesting period of equity awards issued under the Equity Incentive Plans as of December 31, 2016 . As of December 31, 2016 , 2015 , and 2014 , the Company had 318,807 , 228,066 , and 186,849 weighted average restricted shares outstanding, respectively. Compensation expense of $2,325 , $1,952 , and $1,570 was recorded for the years ended December 31, 2016 , 2015 , and 2014 , respectively, for the Company's Outperformance Plans. Compensation expense of $8,154 will be recorded over the course of the next 43 months , representing the remaining weighted average vesting period of the awards issued under the 2012 Long-Term Outperformance Plan as of December 31, 2016 . A summary of the Company’s restricted share units and restricted share awards as of December 31, 2016 is presented below: December 31, 2016 Nonvested awards at beginning of period 450,355 Granted 150,736 Vested (184,138 ) Lapsed or canceled (33 ) Nonvested awards at end of period 416,920 Share Option Awards The Company has not issued any share options in 2016 and does not have plans to issue share option awards in future. The Company uses the Black-Scholes option-pricing model to estimate the fair value of a share option award. This model requires inputs such as expected term, expected volatility, and risk-free interest rate, which are highly subjective and generally require significant analysis and judgment to develop. Compensation cost for share options, if any, is recognized ratably over the vesting period of the award. The Company’s policy is to grant options with an exercise price equal to the quoted closing market share price on the business day preceding the grant date. The fair value of each share option granted is estimated on the date of grant for options issued to employees, and quarterly awards to non-employees, using the Black-Scholes option pricing model. There were no options granted in 2016 . The following weighted average assumptions were used for grants in 2015 and 2014: 2015 2014 Dividend yield 5.63 % 2.50 % Expected life of option 2.8 years 5.0 years Risk-free interest rate 1.20 % 1.81 % Expected share price volatility 25.5 % 41.00 % A summary of the Company’s options as of December 31, 2016 , 2015 , and 2014 is presented below: December 31, 2016 December 31, 2015 December 31, 2014 Options Outstanding Weighted Average Exercise Price Options Outstanding Weighted Average Exercise Price Options Outstanding Weighted Average Exercise Price Balance at beginning of period 112,477 $ 35.04 54,998 $ 48.24 90,665 $ 55.29 Granted — — 59,011 22.23 7,975 21.78 Exercised (15,948 ) 10.51 — — (7,975 ) 11.37 Lapsed or canceled (11,921 ) 65.68 (1,532 ) 14.76 (35,667 ) 68.58 Balance at end of period 84,608 $ 35.36 112,477 $ 35.04 54,998 $ 48.24 The remaining weighted average contractual life of the options was 82 months . Compensation expense of $0 , $137 and $53 was recorded for the years ended December 31, 2016 , 2015 , and 2014 , respectively, related to the issuance of options. Employee Stock Purchase Plan Prior to the Merger, the Company had an Employee Stock Purchase Plan, or ESPP, which enabled the Company’s eligible employees to purchase its shares of common stock through payroll deductions. The ESPP had a maximum of 66,454 shares of the common stock available for issuance and provided for eligible employees to purchase the common stock at a purchase price equal to 85.0% of the lesser of (1) the market value of the common stock on the first day of the offering period, or (2) the market value of the common stock on the last day of the offering period. The ESPP was terminated upon closing of the Merger on December 17, 2015. Deferred Stock Compensation Plan for Directors Prior to the Merger, Legacy Gramercy's Directors' Deferral Program allowed its independent directors to elect to defer up to 100.0% of their fees in the form of phantom shares, which were convertible into an equal number of shares of common stock upon such directors’ termination of service or a change in control by the Company. Phantom shares were credited to each independent director quarterly using the closing price of the Company’s common stock for the respective quarter. If dividends were declared by the Company, each participating independent director who elected to receive fees in the form of phantom shares had the option to have their account credited for an equivalent amount of phantom shares stock units based on the dividend rate for each quarter or have dividends paid in cash. The Directors' Deferral Program was terminated upon consummation of the Merger. In connection with the closing of the Merger, on December 17, 2015 each outstanding phantom share granted under Legacy Gramercy's Directors' Deferral Program, was vested and converted into common shares on the first business day of the month following the Merger closing. As a result, the directors received an aggregate of $916 in cash and 136,904 in shares in January 2016. The portion paid out in cash was classified as a liability on the Consolidated Balance Sheets as of December 31, 2015.There were no phantom shares outstanding on December 31, 2016, pursuant to the termination, and there were 136,904 phantom shares outstanding as of December 31, 2015, all of which were vested. Earnings per Share The Company presents both basic and diluted earnings per share, or EPS. Basic EPS is computed by dividing net income (loss) available to common shareholders, as adjusted for unallocated earnings attributable to certain participating securities, if any, by the weighted average number of common shares outstanding during the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common shares were exercised or converted into common shares, as long as their inclusion would not be anti-dilutive. The two-class method is an earnings allocation methodology that determines earnings per share for common shares and participating securities according to dividends declared or accumulated and participation rights in undistributed earnings. The Company has certain share-based payment awards that contain non-forfeitable rights to dividends, which are considered participating securities for the purposes of computing earnings per share pursuant to the two-class method, and therefore the Company applies the two-class method in its computation of EPS. Basic and Diluted EPS for the years ended December 31, 2016 , 2015 , and 2014 are computed as follows: Year Ended December 31, 2016 2015 2014 Numerator – Income (loss): Net income (loss) from continuing operations $ 18,748 $ (50,433 ) $ 55,193 Net income (loss) from discontinued operations 5,399 875 (524 ) Income (loss) before gains on disposals 24,147 (49,558 ) 54,669 Net gains on disposals 3,877 839 — Gain on sale of European unconsolidated equity investment interests held with a related party 5,341 — — Net income (loss) 33,365 (48,719 ) 54,669 Less: Net (income) loss attributable to noncontrolling interest (7 ) 791 236 Less: Preferred share redemption costs — — (2,912 ) Less: Nonforfeitable dividends allocated to participating shareholders (841 ) (104 ) (13 ) Less: Preferred share dividends (6,234 ) (6,234 ) (7,349 ) Net income (loss) available to common shares outstanding $ 26,283 $ (54,266 ) $ 44,631 Denominator – Weighted average shares: Weighted average basic shares outstanding 140,192,424 60,698,716 27,860,728 Effect of dilutive securities: Unvested non-participating share based payment awards 35,144 — 334,915 Options 14,179 — 13,933 Phantom shares — — 157,439 Outside interests in the Operating Partnership — — 274,821 Exchangeable Senior Notes 767,274 — — Weighted average diluted shares outstanding 141,009,021 60,698,716 28,641,836 The Company’s options and other share-based payment awards used in the computation of EPS were calculated using the treasury share method. The Company only includes the effect of the excess conversion premium in the calculation of Diluted EPS, as the Company has the intent and ability to settle the debt component of the Exchangeable Senior Notes in cash and the excess conversion premium in shares. For the year ended December 31, 2015 , 17,659 share options, 1,044,416 unvested share based payment awards, 518,336 common shares related to outside interests in the Operating Partnership, and 157,385 Exchangeable Senior Notes were computed using the treasury share method, which due to the net loss from continuing operations excluding amounts attributable to noncontrolling interest and adjusted for preferred dividends declared during the period were anti-dilutive and excluded from Diluted EPS. For the year ended December 31, 2015 , the Company excluded unvested restricted share awards of 228,066 from its weighted average basic shares outstanding due to the net loss from continuing operations excluding amounts attributable to noncontrolling interest and adjusted for preferred dividends declared during the period. The weighted average price of the Company’s common shares from March 18, 2014, the date of issuance, through December 31, 2014 was below the exchange price of $23.28 for period, thus there is no potential dilutive effect of the excess conversion premium and no effect was included in the calculation of diluted earnings per share for the year ended December 31, 2014 . Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common shares were exercised or converted into common shares. For the year ended December 31, 2016 , the net income (loss)attributable to the outside interests in the Operating Partnership has been excluded from the numerator and 696,662 of weighted average shares related to the outside interests in the Operating Partnership has been excluded from the denominator for the purpose of calculating Diluted EPS as there would have been no effect had such amounts been included. Refer to Note 13 for more information on the outside interests in the Operating Partnership. Accumulated other comprehensive income (loss) Accumulated other comprehensive income (loss) as of December 31, 2016 , 2015 and 2014 is comprised of the following: As of December 31, 2016 2015 2014 Net unrealized loss on derivative securities $ (440 ) $ (6,074 ) $ (3,189 ) Net unrealized gain (loss) on debt instruments 3,699 1,010 (466 ) Foreign currency translation adjustments: Gain on non-derivative net investment hedges (1) 5,168 14 — Write-off on non-derivative net investment hedge (652 ) — — Other foreign currency translation adjustments (11,252 ) (656 ) (48 ) Reclassification of accumulated foreign currency translation adjustments due to disposal (3,737 ) — — Disposition of European Investment 1,944 — — Reclassification of swap gain (loss) into interest expense 1,142 (45 ) — Total accumulated other comprehensive loss $ (4,128 ) $ (5,751 ) $ (3,703 ) (1) The foreign currency translation adjustment associated with the Company's non-derivative net investment hedges related to its European investments are included in other comprehensive income (loss).

Noncontrolling Interest

Noncontrolling Interest	12 Months Ended
	Dec. 31, 2016
Noncontrolling Interest [Abstract]
Noncontrolling Interest	Noncontrolling Interest Noncontrolling interests represent the outside equity interests in the Company’s Operating Partnership as well as third-party equity interests in the Company’s other consolidated subsidiaries. Outside equity interests in Operating Partnership The outside equity interests in the Company’s Operating Partnership include common units of limited partnership interest in the Operating Partnership, or OP Units, and the earned and vested portion of limited partnership interests in the Operating Partnership granted by the Company pursuant to its share-based compensation plans, or LTIP Units, which are convertible on a one-for-one basis into OP Units. The aggregate outstanding noncontrolling interest in the Operating Partnership as of December 31, 2016 represented an interest of approximately 0.46% in the Company. The Company attributes a portion of its net income (loss) during each reporting period to noncontrolling interest based on the percentage ownership of both OP Unit holders and earned and vested LTIP Unit holders relative to the sum of the Company’s total outstanding common shares, OP Units, and earned and vested LTIP Units. OP Units In July 2014, the Company issued 1,004,363 OP Units in connection with the acquisition of three properties. The Company’s OP Units are redeemable at the election of the holder for cash equal to the then fair market value of one of the Company’s common shares, par value $0.01 per share, except that the Company may, at its election, acquire each OP Unit for one of its common shares. The OP Unit holders do not have any obligation to provide additional contributions to the Operating Partnership, nor do they have any decision-making powers or control over the business of the Operating Partnership. The OP Unit holders do not have voting rights; however, they are entitled to receive dividends. The OP Unit redemption rights are outside of the Company’s control, and thus the OP Units are classified as a component of temporary equity and are shown in the mezzanine equity section of the Company’s Consolidated Financial Statements. The Company is party by assumption to a registration rights agreement with the holders of the OP Units that requires the Company, subject to the terms and conditions and certain exceptions set forth therein, to file and maintain a registration statement relating to the issuance of shares of its common shares upon redemption of OP Units. As of December 31, 2016 , 313,839 OP Units were outstanding, which can be redeemed for 313,839 of the Company's shares. During the years ended December 31, 2016 and 2015 , 156,452 and 151,043 OP Units, respectively, were converted on a one-for-one basis into common shares of the Company. At December 31, 2016 , 313,839 common shares of the Company were reserved for issuance upon redemption of units of limited partnership interest of the Company's Operating Partnership. OP Units are recorded at the greater of cost basis or fair market value based on the closing share price of the Company’s common shares at the end of the reporting period. As of December 31, 2016 , the value of the OP units was $8,643 . The Company attributes a portion of its net income (loss) during each reporting period to noncontrolling interest based on the percentage ownership of OP Unit holders relative to the Company’s total outstanding common shares and OP Units. The Company recognizes changes in fair value in the OP Units through accumulated deficit, however decreases in fair value are recognized only to the extent that increases to the amount in temporary equity were previously recorded. LTIP Units The Company’s LTIP Units that have been earned and are vested are convertible into OP Units on a one-for-one basis at the election of the holder. Consistent with the characteristics of the OP Units, holders of earned and vested LTIP Units do not have any obligation to provide additional contributions to the Operating Partnership, do not have any decision-making powers or control over the business of the Operating Partnership, and do not have voting rights; however, they are entitled to receive dividends. The earned and vested LTIP Units have no basis until they are converted into OP Units, thus they had no value as of December 31, 2016. As of December 31, 2016, noncontrolling interest owners held 329,757 earned and vested LTIP Units, which, upon conversion into OP Units, can be redeemed for 329,757 of the Company’s common shares. During the years ended December 31, 2016 and 2015, there were no earned and vested LTIP Units converted into OP Units or redeemed for common shares of the Company. At December 31, 2016, 329,757 common shares of the Company were reserved for issuance upon conversion of the earned and vested LTIP Units into OP Units and their subsequent redemption for common shares. Below is the rollforward of the activity relating to the noncontrolling interests in the Operating Partnership as of December 31, 2016 and 2015: As of December 31, 2016 2015 Balance at beginning of period $ 10,892 $ 16,129 Redemption of noncontrolling interests in the Operating Partnership (4,159 ) (3,788 ) Net income (loss) attribution 84 (376 ) Fair value adjustments 2,404 (739 ) Dividends (578 ) (334 ) Balance at end of period $ 8,643 $ 10,892 Interests in Other Operating Partnerships In connection with the Company’s December 2014 investment in the Gramercy European Property Fund, the Company acquired a 50.0% equity interest in European Fund Manager, which provides investment and asset management services to Gramercy European Property Fund. European Fund Manager is a VIE of the Company and is consolidated into its Consolidated Financial Statements. Refer to Note 2 for further discussion of the VIE and consolidation considerations. As of December 31, 2016 and 2015 , the value of the Company’s interest in European Fund Manager was $(321) and $(249) , respectively. The Company’s interest in European Fund Manager is presented in the equity section of the Company’s Consolidated Financial Statements.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Funding Commitments The Company is obligated to fund the development of two build-to-suit properties, including a 240,411 square foot industrial property in Round Rock, Texas, which is a consolidated VIE that the Company will acquire upon substantial completion through a forward purchase contract and a 240,800 square foot industrial property in Summerville, South Carolina. The Company’s remaining future commitment for these properties at December 31, 2016 , is approximately $38,826 . As of December 31, 2016 and 2015 , the Company's cumulative contributions to the Gramercy European Property Fund were $55,892 ( €50,000 ) and $25,663 ( €23,160 ), respectively. As of December 31, 2016 , the Company's remaining commitment to the Gramercy European Property Fund is $13,146 ( €12,500 ). Foreign currency commitments have been converted into U.S. dollars based on (i) the foreign exchange rate at the closing date for completed transactions and (ii) the exchange rate that prevailed on December 31, 2016 , in the case of unfunded commitments. The Company has committed to fund $100,000 to Strategic Office Partners, of which $16,027 has been funded as of December 31, 2016 . See Note 5 for further information on the Gramercy European Property Fund and Strategic Office Partners. Legal Proceedings The Company evaluates litigation contingencies based on information currently available, including the advice of counsel and the assessment of available insurance coverage. The Company will establish accruals for litigation and claims when a loss contingency is considered probable and the related amount is reasonably estimable. The Company will periodically review these contingencies which may be adjusted if circumstances change. The outcome of a litigation matter and the amount or range of potential losses at particular points may be difficult to ascertain. If a range of loss is estimated and an amount within such range appears to be a better estimate than any other amount within that range, then that amount is accrued. Legacy Gramercy, its board of directors, Chambers and/or Merger Sub, a subsidiary of Chamber, were named as defendants in two pending putative class action lawsuits brought by purported Legacy Gramercy stockholders challenging the Merger. Two suits that were separately filed in New York Supreme Court, New York County, captioned (i) Berliner v. Gramercy Property Trust, et al., Index No. 652424/2015 (filed July 9, 2015) and (ii) Gensler v. Baum, et al., Index No. 157432/2015 (filed July 22, 2015), have been consolidated into a single action under the caption In re Gramercy Property Trust Stockholder Litigation, Index No. 652424/2015 (the “New York Action”). In addition, four suits that were separately filed in Circuit Court for Baltimore City, Maryland, captioned (i) Jobin v. DuGan, et al., Case No. 24-C-15-003942 (filed July 27, 2015); (ii) Vojik v. Gramercy Property Trust, et al., Case No. 24-C-15-004412 (filed August 25, 2015); (iii) Hoffbauer et al. v. Chambers Street Properties, et al., 24-C-15-004904 (filed September 24, 2015) (originally filed as two separate suits in the Circuit Court for Baltimore County, Maryland, captioned Plemons v. Chambers Street Properties, et al., Case No. 03C15007943 (filed July 24, 2015) and Hoffbauer et al. v. Chambers Street Properties, et al., Case No. 03C15008639 (filed August 12, 2015), and refiled as a single action in the Circuit Court for Baltimore County on September 24, 2015); and (iv) Morris v. Gramercy Property Trust, et al., Case No. 24C15004972 (filed September 28, 2015) have been consolidated into a single action under the caption Glenn W. Morris v. Gramercy Property Trust Inc. et al., Case No. 24C15004972 (the “Maryland Action,” and together with the New York Action, the “Actions”). The complaints allege, among other things, that the directors of Legacy Gramercy breached their fiduciary duties to Legacy Gramercy stockholders by agreeing to sell the Company for inadequate consideration and agreeing to improper deal protection terms in the merger agreement, and that the preliminary joint proxy statement/prospectus filed with the SEC on Form S4 on September 11, 2015 was materially incomplete and misleading. The complaints also allege that Chambers, Merger Sub and/or Legacy Gramercy aided and abetted these purported breaches of fiduciary duty. The amended complaint in the Morris consolidated action also asserts derivative claims on behalf of Legacy Gramercy for breach of fiduciary duty against the directors of Legacy Gramercy. Plaintiffs seek, among other things, an injunction barring the Merger, rescission of the Merger to the extent it is already implemented, declaratory relief, an award of damages and/or costs/attorney fees. On December 7, 2015, the parties to the Actions entered into a Memorandum of Understanding (the “MOU”), which provides for the settlement of the Actions. While the defendants in the Actions continue to vigorously deny all allegations of wrongdoing, fault, liability or damage to any of the plaintiffs or the class of stockholders of Legacy Gramercy, and believe that no supplemental disclosure is required under the applicable law, in order to (i) avoid the burden, inconvenience, expense and distraction of further litigation in connection with the Actions, (ii) finally put to rest and terminate all of the claims that were or could have been asserted against the defendants in the Actions and (iii) permit the Merger to proceed without risk of the courts in New York or Maryland ordering an injunction or damages in connection with the Actions, Chambers and Legacy Gramercy agreed, without admitting any liability or wrongdoing, pursuant to the terms of the MOU, to make certain supplemental disclosures related to the Merger, which were set forth in Legacy Gramercy’s Current Report on Form 8-K filed with the SEC on December 7, 2015. Pursuant to the MOU, the parties entered into a stipulation of settlement. The stipulation of settlement is subject to customary conditions, including, among other things, court approval following notice to Legacy Gramercy stockholders. On November 2, 2016, the court entered an order preliminarily approving the settlement. On February 1, 2017 the court held a hearing to consider the fairness, reasonableness and adequacy of the settlement, and expressed an intent to grant final approval. However, the court has not yet entered a final judgment approving the settlement. If the settlement is finally approved by the court, it will resolve and release all claims by stockholders in the Actions of Legacy Gramercy challenging the Merger, the Merger Agreement and any disclosure made in connection therewith, pursuant to terms that will be set forth in the notice sent to Legacy Gramercy stockholders prior to final approval of the settlement. In addition, in connection with the settlement, the parties contemplate that plaintiffs’ counsel will file a petition for an award of attorneys’ fees and expenses to be paid by Gramercy or its successor. There can be no assurance that the court will approve the settlement. In the event that the settlement is not approved or that the conditions are not satisfied, the settlement may be terminated. On October 1, 2015, a putative class action lawsuit was filed in the Superior Court of New Jersey, Law Division, Mercer County by a purported shareholder of Chambers. The action, captioned Elstein v. Chambers Street Properties et al., Docket No. L00225415 (the “New Jersey Action”), names as defendants Chambers, its board of trustees and Legacy Gramercy. The complaint alleges, among other things, that the trustees of Chambers breached their fiduciary duties to Chambers’ shareholders by agreeing to the Merger after a flawed sales process and by approving improper deal protection terms in the merger agreement, and that Legacy Gramercy aided and abetted these purported breaches of fiduciary duty. The complaint also alleges that the preliminary joint proxy statement/prospectus was materially misleading and incomplete. Plaintiffs seek, among other things, an injunction barring the Merger, rescission of the Merger to the extent it is already implemented, declaratory relief and an award of damages. On December 3, 2015, the parties to the New Jersey Action entered into a Stipulation of Settlement providing for the settlement of the New Jersey Action. While the defendants in the New Jersey Action continue to vigorously deny all allegations of wrongdoing, fault, liability or damage to any of the plaintiffs or the class of shareholders of Chambers, and believe that no supplemental disclosure is required under the applicable law, in order to (i) avoid the burden, inconvenience, expense and distraction of further litigation in connection with the New Jersey Action, (ii) finally put to rest and terminate all of the claims that were or could have been asserted against the defendants in the New Jersey Action and (iii) permit the Merger to proceed without risk of the Superior Court of New Jersey ordering an injunction or damages in connection with the New Jersey Action, Chambers and Legacy Gramercy agreed, without admitting any liability or wrongdoing, pursuant to the terms of the Stipulation of Settlement, to make certain supplemental disclosures related to the Merger, all of which were set forth in Legacy Gramercy’s Current Report on Form 8-K filed with the SEC on December 7, 2015. On April 4, 2016, the court granted preliminary approval of the settlement. On July 1, 2016, the court issued a final order approving the settlement. In December 2010, the Company sold its 45% joint venture interest in the leased fee of the 2 Herald Square property in New York, New York, for approximately $25,600 plus assumed mortgage debt of approximately $86,100 , or the 2 Herald Sale Transaction. Subsequent to the closing of the transaction, the New York City Department of Finance, or the NYC DOF, and New York State Department of Taxation, or the NYS DOT, issued notices of determination assessing, in the case of the NYC DOF notice, approximately $2,924 of real property transfer tax, plus interest, and, in the case of the NYS DOT notice, approximately $446 of real property transfer tax, plus interest, collectively, the Transfer Tax Assessments, against the Company in connection with the 2 Herald Sale Transaction. The Company believes that NYC DOF and NYS DOT erred in issuing the Transfer Tax Assessments and intends to vigorously defend against same. In April 2015, to stop the accrual of additional interest while the Company’s appeals are pending, the Company paid the NYC DOF $4,025 in full satisfaction of the NYC DOF Transfer Tax Assessment and the NYS DOT $617 in full satisfaction of the NYS DOF Transfer Tax Assessment. There was $271 of additional interest recorded in discontinued operations for the matter for the year ended December 31, 2014 . There was $0 and $68 of additional interest recorded in discontinued operations for the matter for the years ended December 31, 2016 and 2015, respectively. In connection with the Company’s property acquisitions and the Merger, the Company has determined that there is a risk it will have to pay future amounts to tenants related to continuing operating expense reimbursement audits. The Company initially estimated a range of loss of $8,000 to $13,000 and had accrued $8,000 in other liabilities, which represented its best estimate of the total loss at the time and is accrued as of December 31, 2015. In 2017, the Company settled the majority of its operating expense reimbursement audits and paid $3,500 pursuant to the settlement in February 2017. As a result of the settlement, the Company reduced its accrual by $3,500 and recorded the reversal to other income during the three months ended December 31, 2016. The remaining accrual recorded as of December 31, 2016 is $360 , which represents the Company’s best estimate of total loss based on estimated range of loss of $0 to $360 . In addition, the Company and/or one or more of its subsidiaries is party to various litigation matters that are considered routine litigation incidental to its or their business, none of which are considered material. Office Leases The Company has several office locations, which are each subject to operating lease agreements. These office locations include the Company’s corporate office at 90 Park Avenue, New York, New York, and the Company’s seven regional offices located across the United States and Europe. The Company's previous corporate office location through November 2016 was at 521 Fifth Avenue, New York, New York. Related to its operating leases for office locations, the Company incurred rent expense of $1,816 , $775 , and $601 for the years ended December 31, 2016 , 2015, and 2014, respectively. The Company's lease for its corporate office at 90 Park Avenue has annual rent of $1,318 for year one through year five and annual rent of $1,402 for year six through year 11 . The 90 Park Avenue lease expires in April 2027 and has one five -year renewal option. In January 2017, the Company exercised a cancellation right to terminate the lease for its previous corporate office space at 521 Fifth Avenue, which is effective in August 2018, for a fee of $158 . The 521 Fifth Avenue lease has annual rent of $388 in 2017 and $394 in 2018. In January 2017, the Company entered into a sublease for the 521 Fifth Avenue office space, with lease term of February 2017 through August 2018. Capital and Operating Ground Leases Certain properties acquired are subject to ground leases, which are accounted for as operating and capital leases, as applicable. The ground leases have varying ending dates, renewal options and rental rate escalations, with the latest leases extending to June 2053 . Future minimum rental payments to be made by the Company under these noncancelable ground leases, excluding increases resulting from increases in the consumer price index, are as follows: Ground Leases - Operating Ground Leases - Capital Total 2017 $ 2,247 $ — $ 2,247 2018 2,262 1 2,263 2019 2,271 — 2,271 2020 2,263 — 2,263 2021 2,231 — 2,231 Thereafter 61,857 329 62,186 Total minimum rent expense $ 73,131 $ 330 $ 73,461 The Company incurred rent expense on ground leases of $2,093 , $1,582 and $853 during the years ended December 31, 2016 , 2015 , and 2014 , respectively. Rent expense is recognized on a straight-line basis regardless of when payments are due. Accounts payable and accrued expenses in the accompanying Consolidated Balance Sheets includes an accrual for rental expense recognized in excess of amounts due at that time. Rent expense related to leasehold interests is included in property operating expenses, and rent expense related to office rentals is included in general and administrative expense and property management expense. All of the Company's capital leases are ground leases and as of December 31, 2016, 2015, and 2014, the total gross and net value of assets under the Company's capital leases was $16,312 , $2,758 , and $2,780 , respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company has elected to be taxed as a REIT, under Sections 856 through 860 of the Internal Revenue Code beginning with its taxable year ended December 31, 2004. To qualify as a REIT, the Company must meet certain organizational and operational requirements, including a requirement to distribute annually at least 90.0% of its ordinary taxable income to its shareholders. As a REIT, the Company generally will not be subject to U.S. federal income tax on taxable income that it distributes to its shareholders. If the Company fails to qualify as a REIT in any taxable year, it will then be subject to U.S. federal income taxes on taxable income at regular corporate rates. In addition, the Company will not be permitted to qualify for treatment as a REIT for U.S. federal income tax purposes for four years following the year during which qualification is lost unless the Internal Revenue Service grants the Company relief under certain statutory provisions. Such an event could materially adversely affect the Company’s net income and net cash available for distributions to its shareholders. However, the Company believes that it is organized and will operate in such a manner as to qualify for treatment as a REIT and the Company intends to operate in the foreseeable future in such a manner so that it will qualify as a REIT for U.S. federal income tax purposes. The Company may, however, be subject to certain state and local taxes. The Company’s TRSs are subject to federal, state and local taxes. The Company’s asset and property management business, Gramercy Asset Management, conducts its business through a wholly-owned TRS. The Company’s provision for income taxes for the years ended December 31, 2016 , 2015 , and 2014 is summarized as follows: Year Ended December 31, 2016 2015 2014 Current: Federal $ (2,198 ) $ (859 ) $ (1,235 ) State and local (962 ) (1,009 ) 323 Total current (3,160 ) (1,868 ) (912 ) Deferred: Federal — (228 ) 197 State and local — (57 ) (94 ) Total deferred — (285 ) 103 Total income tax expense $ (3,160 ) $ (2,153 ) $ (809 ) As of December 31, 2016 , returns for the calendar years 2013 through 2016 remain subject to examination by the Internal Revenue Service and various state and local tax jurisdictions. Income taxes, primarily related to the Company’s TRSs, are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities recorded in accordance with GAAP and their respective tax basis and operating loss carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. A valuation allowance is provided if the Company believes it is more likely than not that all or a portion of a deferred tax asset will not be realized. Any increase or decrease in a valuation allowance is included in the tax provision when such a change occurs. The asset management agreement with KBS has been terminated effective in the first quarter of 2017, therefore the activity in the Gramercy Asset Management TRS will be immaterial going forward. Net deferred tax assets of $0 and $453 are included in other assets on the accompanying Consolidated Balance Sheets at December 31, 2016 and 2015 , respectively. The income tax provision differs from the amount computed by applying the statutory federal income tax rate to pretax operating income, as follows: Year Ended December 31, 2016 2015 2014 Income tax expense at federal statutory rate $ (12,781 ) $ 16,020 $ (19,500 ) Tax effect of REIT election 10,583 (17,328 ) 18,501 State and local taxes, net of federal benefit (953 ) (839 ) 194 Permanent difference (9 ) (6 ) (4 ) Valuation allowance — — — Total income tax provision $ (3,160 ) $ (2,153 ) $ (809 ) As of December 31, 2016 , the Company and each of its six subsidiaries which file corporate tax returns, had total net loss carryforwards, inclusive of net operating losses and capital losses, of approximately $33,600 available for use in future periods. The aggregate amounts of net operating loss carryforwards and capital loss carryforwards as of December 31, 2016 are subject to the completion of the 2016 tax returns. Net operating loss carryforwards and capital loss carryforwards can generally be used to offset future ordinary income and capital gains of the entity originating the losses, for up to 20 years and five years, respectively, however, the Company has limits on the maximum amount of loss carryforwards that can be used in any given year. In January 2011 and December 2015, the Company and some of its subsidiaries experienced an ownership change, as defined for purposes of Section 382 of the Internal Revenue Code of 1986, as amended. In general, an “ownership change” occurs if there is a change in ownership of more than 50.0% of common stock during a cumulative three-year period. For this purpose, determinations of ownership changes are generally limited to shareholders deemed to own 5.0% or more of the Company’s common stock. The provisions of Section 382 will apply an annual limit to the amount of net loss carryforwards that can be used by the Company or its subsidiary that generated the loss to offset future ordinary income and capital gains received by the Company or the subsidiary (as the case may be), beginning with the 2011 taxable year. Because the Company uses separate subsidiary REITs and taxable REIT subsidiaries to conduct different aspects of its business, losses incurred by the individual subsidiary REITs or TRSs are only available to offset taxable income derived by each respective subsidiary REIT or TRS. Accordingly, to the extent the Company, a subsidiary REIT or a TRS has taxable income in future years and has net loss carryforwards incurred prior to the ownership changes which are available to be utilized, such net loss carryforwards would be limited in future years, and they may have greater taxable income as a result of such limitation. The Company’s policy for interest and penalties, if any, on material uncertain tax positions recognized in the financial statements is to classify these as interest expense and operating expense, respectively. As of December 31, 2016 , 2015 , and 2014 , the Company did not incur any material interest or penalties.

Environmental Matters

Environmental Matters	12 Months Ended
	Dec. 31, 2016
Environmental Remediation Obligations [Abstract]
Environmental Matters	Environmental Matters The Company believes that it is in compliance in all material respects with applicable federal, state and local ordinances and regulations regarding environmental issues. Its management is not aware of any environmental liability that it believes would have a materially adverse impact on the Company’s financial position, results of operations or cash flows.

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting As of December 31, 2016 , the Company has determined that it has two reportable operating segments: Asset Management and Investments/Corporate. The reportable segments are determined based upon the management approach, which looks to the Company’s internal organizational structure. The Company’s lines of business require different support infrastructures. All significant inter-segment balances and transactions have been eliminated. The Asset Management segment includes substantially all of the Company’s activities related to asset and property management of commercial properties located throughout the United States and Europe. The Asset Management segment generates revenues from fee income related to the management agreements for properties owned primarily by third parties throughout the United States and Europe. The Investments/Corporate segment includes all of the Company’s activities related to the investment and ownership of commercial properties located throughout the United States and Europe. The Investments/Corporate segment generates revenues from rental revenues from properties owned by the Company, either directly or in unconsolidated equity investments. The Company evaluates performance based on the following financial measures for each segment: Asset Management Investments / Corporate Total Company Year ended December 31, 2016 Total revenues $ 36,039 $ 481,225 $ 517,264 Equity in net income from unconsolidated equity investments — 2,409 2,409 Total operating and interest expense (1) (21,660 ) (451,337 ) (472,997 ) Other income (expenses) (2) (2,547 ) (25,381 ) (27,928 ) Net income from continuing operations (3) $ 11,832 $ 6,916 $ 18,748 Asset Management Investments / Corporate Total Company Year ended December 31, 2015 Total revenues $ 22,248 $ 215,024 $ 237,272 Equity in net loss from unconsolidated equity investments — (1,107 ) (1,107 ) Total operating and interest expense (1) (20,212 ) (254,761 ) (274,973 ) Other income (expenses) (2) (1,482 ) (10,143 ) (11,625 ) Net income (loss) from continuing operations (3) $ 554 $ (50,987 ) $ (50,433 ) Asset Management Investments / Corporate Total Company Year ended December 31, 2014 Total revenues $ 25,033 $ 82,907 $ 107,940 Equity in net income from unconsolidated equity investments — 1,959 1,959 Total operating and interest expense (1) (20,319 ) (95,882 ) (116,201 ) Other income (expenses) (2) (809 ) 62,304 61,495 Net income from continuing operations (3) $ 3,905 $ 51,288 $ 55,193 Asset Management Investments / Corporate Total Company Total Assets: December 31, 2016 $ 21,004 $ 5,582,523 $ 5,603,527 December 31, 2015 $ 5,882 $ 5,828,636 $ 5,834,518 (1) Total operating and interest expense includes operating costs on commercial property assets for the Investments/Corporate segment and costs to perform required functions under the management agreements for the Asset Management segment. Depreciation and amortization expense of $241,527 , $97,654 , and $36,408 for the years ended December 31, 2016 , 2015 , and 2014 , respectively are included in the operating and interest expense amounts presented above. (2) Other income (expenses) includes net impairment recognized in earnings of $0 , $0 , and $(4,816) , loss on derivative instruments of $0 , $0 , and $(3,300) , gain on remeasurement of previously held unconsolidated equity investment interests of $7,229 , $0 , and $0 , loss on extinguishment of debt of $(20,890) , $(9,472) , and $(1,925) , impairment of real estate investments $(11,107) , $0 , and $0 , and provision for taxes of $(3,160) , $(2,153) , and $(809) , respectively, for the years ended December 31, 2016 , 2015 , and 2014 . (3) Net income (loss) from continuing operations represents income (loss) before discontinued operations.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	12 Months Ended
	Dec. 31, 2016
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information The following table represents supplemental cash flow disclosures for the years ended December 31, 2016 , 2015 , and 2014 : Year Ended December 31, 2016 2015 2014 Supplemental cash flow disclosures: Interest paid $ 77,081 $ 30,303 $ 12,096 Income taxes paid 2,906 1,730 1,565 Proceeds from 1031 exchanges from sale of real estate 723,863 — — Use of funds from 1031 exchanges for acquisitions of real estate (723,831 ) — — Non-cash activity: Net assets acquired in Merger in exchange for common stock $ — $ 1,829,241 $ — Common stock registered in exchange for net assets acquired in Merger — 1,829,241 — Consolidation of real estate investments - unconsolidated equity investment interests — — 106,294 Real estate acquired for units of noncontrolling interests in the Operating Partnership — — 22,670 Fair value adjustment to noncontrolling interest in the Operating Partnership 2,404 (769 ) 2,636 Debt assumed in acquisition of real estate 244,188 618,169 45,607 Debt transferred in disposition of real estate (101,432 ) — — Distribution of real estate assets from unconsolidated equity investment 263,015 — — — Treasury securities transferred in connection with defeasance of notes payable (144,063 ) — — Transfer of defeased note payable 124,605 — — Contribution of real estate assets as investment in unconsolidated equity investments (182,168 ) — — Common stock issued for acquisition of Gramercy Europe Asset Management — — 652 Redemption of units of noncontrolling interest in the Operating Partnership for common shares (4,159 ) (3,784 ) (8,727 )

Selected Quarterly Financial Da

Selected Quarterly Financial Data (unaudited)	12 Months Ended
	Dec. 31, 2016
Selected Quarterly Financial Information [Abstract]
Selected Quarterly Financial Data (unaudited)	Selected Quarterly Financial Data (unaudited) The following tables summarize the Company's quarterly financial information for the years ended December 31, 2016 and 2015 : 2016 Quarter Ended December 31, September 30, June 30, March 31, Total revenues $ 126,202 $ 131,092 $ 139,425 $ 120,545 Operating Income 25,460 31,297 37,469 25,475 Interest expense (18,163 ) (18,409 ) (16,909 ) (21,953 ) Equity in net income (loss) of unconsolidated equity investments 6,470 (1,138 ) (168 ) (2,755 ) Gain on dissolution of previously held U.S. unconsolidated equity investment interests — — 7,229 — Loss on extinguishment of debt — (13,777 ) (1,356 ) (5,757 ) Impairment of real estate investments (10,054 ) (1,053 ) — — Provision for taxes 574 (331 ) (2,700 ) (703 ) Income (loss) from continuing operations 4,287 (3,411 ) 23,565 (5,693 ) Income from discontinued operations 354 347 58 4,640 Income (loss) before net gain on disposals 4,641 (3,064 ) 23,623 (1,053 ) Gain on sale of European unconsolidated equity investment interests held with a related party — — 5,341 — Net gain on disposals 1,541 2,336 — — Net income (loss) 6,182 (728 ) 28,964 (1,053 ) Net income (loss) attributable to noncontrolling interest 145 (221 ) (51 ) 120 Net income (loss) attributable to Gramercy Property Trust 6,327 (949 ) 28,913 (933 ) Preferred share dividends (1,558 ) (1,559 ) (1,558 ) (1,559 ) Net income (loss) available to common shareholders $ 4,769 $ (2,508 ) $ 27,355 $ (2,492 ) Basic earnings per share: Net income (loss) from continuing operations and after preferred dividends $ 0.03 $ (0.02 ) $ 0.19 $ (0.05 ) Net income from discontinued operations — — — 0.03 Net income (loss) available to common shareholders $ 0.03 $ (0.02 ) $ 0.19 $ (0.02 ) Diluted earnings per share: Net income (loss) from continuing operations and after preferred dividends $ 0.03 $ (0.02 ) $ 0.19 $ (0.05 ) Net income from discontinued operations — — — 0.03 Net income (loss) available to common $ 0.03 $ (0.02 ) $ 0.19 $ (0.02 ) Basic weighted average common shares outstanding 140,298,149 140,257,503 140,776,976 140,060,405 Diluted weighted average common shares outstanding 141,228,218 140,257,503 142,514,202 140,060,405 2015 Quarter Ended (1) December 31, September 30, June 30, March 31, Total revenues $ 69,977 $ 65,213 $ 54,147 $ 47,935 Operating Income (Loss) (30,429 ) 12,967 7,015 7,409 Interest expense (11,438 ) (9,227 ) (7,728 ) (6,270 ) Equity in net income (loss) of unconsolidated equity investments (133 ) (1,096 ) 123 (1 ) Loss on extinguishment of debt (9,472 ) — — — Provision for taxes (37 ) (985 ) (17 ) (1,114 ) Income (loss) from continuing operations (51,509 ) 1,659 (607 ) 24 Income from discontinued operations 858 (41 ) 120 (62 ) Income (loss) before net gain on disposals (50,651 ) 1,618 (487 ) (38 ) Net gain on disposals 246 392 201 — Net income (loss) (50,405 ) 2,010 (286 ) (38 ) Net income (loss) attributable to noncontrolling interest 748 (20 ) 21 42 Net income (loss) attributable to Gramercy Property Trust (49,657 ) 1,990 (265 ) 4 Preferred share dividends (1,558 ) (1,559 ) (1,558 ) (1,559 ) Net income (loss) available to common shareholders $ (51,215 ) $ 431 $ (1,823 ) $ (1,555 ) Basic earnings per share: Net income (loss) from continuing operations and after preferred dividends (2) $ (0.71 ) $ 0.01 $ (0.03 ) $ (0.03 ) Net income (loss) from discontinued operations (2) 0.01 — — — Net income (loss) available to common shareholders (2) $ (0.70 ) $ 0.01 $ (0.03 ) $ (0.03 ) Diluted earnings per share: Net income (loss) from continuing operations and after preferred dividends (2) $ (0.71 ) $ 0.01 $ (0.03 ) $ (0.03 ) Net income (loss) from discontinued operations (2) 0.01 — — — Net income (loss) available to common (2) $ (0.70 ) $ 0.01 $ (0.03 ) $ (0.03 ) Basic weighted average common shares outstanding (2) 72,879,409 61,315,165 59,131,174 49,705,119 Diluted weighted average common shares outstanding (2) 72,879,409 62,561,210 59,131,174 49,705,119 (1) 2015 quarterly data includes fourteen days of activity from the Merger in the period ended December 31, 2015. (2) As a result of the Merger, each outstanding common share of Gramercy Property Trust Inc. was converted into 3.1898 of a newly issued share of common stock of the Company. Therefore, the historical data related to quarterly earnings per share for the periods ended before December 31, 2015 have been adjusted by the Merger exchange ratio of 3.1898 .

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events In January 2017, the Company filed a prospectus supplement to its currently effective registration statement with the SEC, pursuant to which the Company may offer and sell common shares with an aggregate gross sales price of up to $375,000 . In February 2017, the Company’s board of trustees approved a first quarter 2017 dividend in the amount of $0.375 per share, payable on April 14, 2017 to common shareholders of record as of the close of business on March 31, 2017. In February 2017, the Company closed on the disposition of one office property which comprised 71,504 rentable square feet for gross proceeds of $25,250 . In February 2017, the Company also settled the majority of its operating expense reimbursement audits and paid $3,500 pursuant to the settlement.

Schedule II Valuation and Quali

Schedule II Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2016
Valuation and Qualifying Accounts [Abstract]
Schedule II Valuation and Qualifying Accounts	Tenant and Other Receivables - Balance at Additions Deductions Balance at December 31, 2016 $ 204 $ 77 $ (224 ) $ 57 December 31, 2015 $ 188 $ (63 ) $ 79 $ 204 December 31, 2014 $ 449 $ 107 $ (368 ) $ 188

Schedule III - Real Estate Inve

Schedule III - Real Estate Investments	12 Months Ended
	Dec. 31, 2016
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III Real Estate Investments	Initial Costs (2) Gross Amount at Which Carried December 31, 2016 City State Acquisition Date Encumbrances at December 31, 2016 (1) Land Building and Improvements Work in Progress and Costs Capitalized Subsequent To Acquisition Land Building and Improvements Total (3) Accumulated Depreciation December 31, 2016 Average Depreciable Life Industrial: Greenwood IN 11/20/2012 $ 7,402 $ 1,200 $ 12,002 $ — $ 1,200 $ 12,002 $ 13,202 $ (1,424 ) (4) Greenfield IN 11/20/2012 5,979 600 9,357 — 600 9,357 9,957 (1,051 ) (4) Olive Branch MS 3/11/2013 — 2,250 18,891 35 2,250 18,926 21,176 (1,950 ) (4) Garland TX 3/19/2013 — 2,200 6,081 1,109 2,200 7,190 9,390 (1,466 ) (4) East Brunswick NJ 3/28/2013 — 5,700 4,626 139 5,700 4,765 10,465 (794 ) (4) Atlanta GA 5/6/2013 — 1,700 4,949 (261 ) 1,700 4,688 6,388 (662 ) (4) Bellmawr NJ 5/30/2013 — 540 2,992 (90 ) 540 2,902 3,442 (297 ) (4) Hialeah Gardens FL 5/31/2013 — 4,839 1,437 19,996 4,839 21,433 26,272 (1,340 ) (4) Deer Park NY 6/18/2013 — 1,596 1,926 — 1,596 1,926 3,522 (511 ) (4) Elkridge MD 6/19/2013 — 2,589 3,034 — 2,589 3,034 5,623 (707 ) (4) Houston TX 6/26/2013 — 3,251 2,650 134 3,251 2,784 6,035 (1,267 ) (4) Orlando FL 6/26/2013 — 1,644 2,904 — 1,644 2,904 4,548 (826 ) (4) Hutchins TX 6/27/2013 24,431 10,867 40,104 — 10,867 40,104 50,971 (9,038 ) (4) Swedesboro NJ 6/28/2013 — 1,070 9,603 — 1,070 9,603 10,673 (987 ) (4) Atlanta GA 8/22/2013 — 224 3,150 — 224 3,150 3,374 (855 ) (4) Manassas VA 9/5/2013 — 890 2,796 — 890 2,796 3,686 (309 ) (4) Manassas VA 9/5/2013 — 546 3,401 — 546 3,401 3,947 (367 ) (4) Yuma AZ 10/1/2013 11,944 1,897 16,275 18 1,897 16,293 18,190 (2,166 ) (4) Austin TX 10/23/2013 — 1,017 6,527 — 1,017 6,527 7,544 (783 ) (4) Galesburg IL 11/15/2013 — 300 903 — 300 903 1,203 (126 ) (4) Lawrence IN 11/15/2013 20,145 2,168 27,485 (37 ) 2,168 27,448 29,616 (2,869 ) (4) Peru IL 11/15/2013 — 869 4,438 — 869 4,438 5,307 (495 ) (4) Waco TX 11/21/2013 15,061 1,615 17,940 — 1,615 17,940 19,555 (1,676 ) (4) Chicago IL 11/22/2013 — 3,070 1,983 25 3,070 2,008 5,078 (451 ) (4) Initial Costs (2) Gross Amount at Which Carried December 31, 2016 City State Acquisition Date Encumbrances at December 31, 2016 (1) Land Building and Improvements Work in Progress and Costs Capitalized Subsequent To Acquisition Land Building and Improvements Total (3) Accumulated Depreciation December 31, 2016 Average Depreciable Life Allentown PA 12/23/2013 22,965 4,767 25,468 — 4,767 25,468 30,235 (3,461 ) (4) Vernon CA 12/30/2013 — 5,400 9,420 — 5,400 9,420 14,820 (962 ) (4) Des Plaines IL 2/28/2014 2,439 1,512 3,720 — 1,512 3,720 5,232 (621 ) (4) Elgin IL 4/23/2014 — 1,675 4,712 — 1,675 4,712 6,387 (395 ) (4) Harrisburg PA 5/1/2014 — 1,896 5,689 — 1,896 5,689 7,585 (719 ) (4) Elk Grove Village IL 5/20/2014 — 5,876 12,618 — 5,876 12,618 18,494 (1,234 ) (4) Tampa FL 5/29/2014 — 1,839 6,589 — 1,839 6,589 8,428 (758 ) (4) Ames IA 7/31/2014 16,544 2,650 20,364 — 2,650 20,364 23,014 (2,064 ) (4) Buford GA 7/31/2014 15,724 3,495 19,452 — 3,495 19,452 22,947 (1,894 ) (4) Wilson NC 7/31/2014 — 633 14,073 48 633 14,121 14,754 (1,224 ) (4) Arlington Heights IL 8/19/2014 — 2,205 14,595 — 2,205 14,595 16,800 (1,248 ) (4) Medley FL 8/27/2014 — 7,503 624 (381 ) 7,503 243 7,746 (27 ) (4) Medley FL 8/27/2014 — 3,300 141 (100 ) 3,300 41 3,341 (10 ) (4) Medley FL 8/27/2014 — 4,622 386 (113 ) 4,622 273 4,895 (33 ) (4) Santa Clara CA 9/11/2014 — 16,670 1,920 — 16,670 1,920 18,590 (432 ) (4) Bloomingdale IL 9/19/2014 — 1,118 5,150 — 1,118 5,150 6,268 (450 ) (4) Kenosha WI 9/24/2014 — 1,530 7,383 — 1,530 7,383 8,913 (654 ) (4) Worcester MA 9/24/2014 — 1,391 16,877 95 1,391 16,972 18,363 (1,415 ) (4) Miami FL 10/24/2014 — 3,980 6,376 504 3,980 6,880 10,860 (612 ) (4) Morrow GA 11/25/2014 — 656 5,490 — 656 5,490 6,146 (782 ) (4) Puyallup WA 12/2/2014 — 2,825 6,584 — 2,825 6,584 9,409 (605 ) (4) Lewisville TX 12/4/2014 — 1,287 4,500 — 1,287 4,500 5,787 (455 ) (4) Rolling Meadows IL 12/4/2014 — 3,240 6,705 — 3,240 6,705 9,945 (397 ) (4) Groveport OH 12/4/2014 — 785 5,437 — 785 5,437 6,222 (443 ) (4) Midway GA 12/8/2014 — 2,465 15,698 — 2,465 15,698 18,163 (1,144 ) (4) Initial Costs (2) Gross Amount at Which Carried December 31, 2016 City State Acquisition Date Encumbrances at December 31, 2016 (1) Land Building and Improvements Work in Progress and Costs Capitalized Subsequent To Acquisition Land Building and Improvements Total (3) Accumulated Depreciation December 31, 2016 Average Depreciable Life Buffalo Grove IL 12/18/2014 — 1,055 3,079 — 1,055 3,079 4,134 (250 ) (4) Burr Ridge IL 12/18/2014 — 1,230 2,608 — 1,230 2,608 3,838 (201 ) (4) Hamlet NC 12/19/2014 — 292 10,418 — 292 10,418 10,710 (692 ) (4) Downers Grove IL 12/23/2014 — 1,414 8,426 — 1,414 8,426 9,840 (643 ) (4) Bolingbrook IL 12/23/2014 — 2,257 10,375 — 2,257 10,375 12,632 (776 ) (4) St Louis MO 1/6/2015 — 1,398 7,502 390 1,398 7,892 9,290 (552 ) (4) Cinnaminson NJ 1/9/2015 — 2,149 22,035 — 2,149 22,035 24,184 (2,208 ) (4) Milford CT 2/2/2015 — 465 5,271 — 465 5,271 5,736 (372 ) (4) Sussex WI 2/13/2015 — 1,806 5,441 — 1,806 5,441 7,247 (876 ) (4) Milwaukee WI 2/13/2015 — 601 3,640 — 601 3,640 4,241 (709 ) (4) Oak Creek WI 2/13/2015 — 969 5,058 — 969 5,058 6,027 (656 ) (4) Kent WA 3/5/2015 — 4,919 11,928 268 4,919 12,196 17,115 (879 ) (4) San Jose CA 3/9/2015 — 11,466 26,229 502 11,466 26,731 38,197 (1,495 ) (4) El Segundo CA 3/11/2015 — 7,412 43,403 — 7,412 43,403 50,815 (2,033 ) (4) Richfield OH 3/11/2015 — 522 24,230 — 522 24,230 24,752 (1,465 ) (4) Richardson TX 3/11/2015 — 1,360 7,619 987 1,360 8,606 9,966 (678 ) (4) Houston TX 3/11/2015 — 6,628 35,637 — 6,628 35,637 42,265 (2,264 ) (4) Aurora CO 3/11/2015 — 453 5,363 — 453 5,363 5,816 (347 ) (4) Dixon IL 3/11/2015 — 1,078 18,413 — 1,078 18,413 19,491 (1,464 ) (4) Oswego IL 3/26/2015 — 767 3,167 309 767 3,476 4,243 (391 ) (4) Obetz OH 4/10/2015 — 1,955 19,381 225 1,955 19,606 21,561 (1,062 ) (4) Auburn WA 5/7/2015 — 2,543 9,121 — 2,543 9,121 11,664 (541 ) (4) Fairfield CA 5/7/2015 — 949 2,205 — 949 2,205 3,154 (120 ) (4) San Bernardino CA 5/7/2015 — 2,308 7,613 — 2,308 7,613 9,921 (414 ) (4) Orlando FL 6/10/2015 — 1,658 5,412 79 1,658 5,491 7,149 (352 ) (4) Initial Costs (2) Gross Amount at Which Carried December 31, 2016 City State Acquisition Date Encumbrances at December 31, 2016 (1) Land Building and Improvements Work in Progress and Costs Capitalized Subsequent To Acquisition Land Building and Improvements Total (3) Accumulated Depreciation December 31, 2016 Average Depreciable Life Orlando FL 6/10/2015 — 1,756 4,346 107 1,756 4,453 6,209 (370 ) (4) Vernon CA 7/6/2015 — 7,813 14,428 — 7,813 14,428 22,241 (659 ) (4) Philadelphia PA 7/21/2015 12,166 3,986 17,963 — 3,986 17,963 21,949 (760 ) (4) Fridley MN 7/22/2015 — 5,229 29,754 321 5,229 30,075 35,304 (2,284 ) (4) Pinellas Park FL 9/25/2015 — 2,260 8,891 — 2,260 8,891 11,151 (295 ) (4) Norcross GA 11/24/2015 — 1,079 5,437 — 1,079 5,437 6,516 (229 ) (4) Norcross GA 11/24/2015 — 878 2,867 38 878 2,905 3,783 (142 ) (4) Richardson TX 12/18/2015 — 900 7,810 — 900 7,810 8,710 (260 ) (4) Allen TX 12/18/2015 — 724 5,334 — 724 5,334 6,058 (172 ) (4) Richardson TX 12/18/2015 — 566 2,871 — 566 2,871 3,437 (108 ) (4) Bolingbrook IL 12/18/2015 — 2,481 15,082 — 2,481 15,082 17,563 (552 ) (4) Spartanburg SC 12/18/2015 6,937 646 9,565 — 646 9,565 10,211 (580 ) (4) Spartanburg SC 12/18/2015 1,054 166 3,174 12 166 3,186 3,352 (148 ) (4) Spartanburg SC 12/18/2015 — 215 3,304 — 215 3,304 3,519 (170 ) (4) Spartanburg SC 12/18/2015 — 453 1,775 — 453 1,775 2,228 (105 ) (4) Goose Creek SC 12/18/2015 1,010 1,486 6,902 — 1,486 6,902 8,388 (380 ) (4) Goose Creek SC 12/18/2015 1,014 713 4,274 — 713 4,274 4,987 (195 ) (4) Goose Creek SC 12/18/2015 — 322 3,244 — 322 3,244 3,566 (126 ) (4) Goose Creek SC 12/18/2015 7,180 1,137 13,740 — 1,137 13,740 14,877 (567 ) (4) Summerville SC 12/18/2015 — 474 16,766 — 474 16,766 17,240 (867 ) (4) Moncks Corner SC 12/18/2015 1,019 585 1,796 — 585 1,796 2,381 (143 ) (4) Orangeburg SC 12/18/2015 1,037 493 3,519 24 493 3,543 4,036 (174 ) (4) Kings Mountain NC 12/18/2015 884 256 3,336 517 256 3,853 4,109 (132 ) (4) Kings Mountain NC 12/18/2015 2,293 440 9,308 — 440 9,308 9,748 (399 ) (4) Winston-Salem NC 12/18/2015 1,452 910 3,579 — 910 3,579 4,489 (213 ) (4) Initial Costs (2) Gross Amount at Which Carried December 31, 2016 City State Acquisition Date Encumbrances at December 31, 2016 (1) Land Building and Improvements Work in Progress and Costs Capitalized Subsequent To Acquisition Land Building and Improvements Total (3) Accumulated Depreciation December 31, 2016 Average Depreciable Life Winston-Salem NC 12/18/2015 4,393 1,691 11,468 — 1,691 11,468 13,159 (457 ) (4) Spartanburg SC 12/18/2015 — 170 1,519 — 170 1,519 1,689 (95 ) (4) Spartanburg SC 12/18/2015 — 194 3,251 — 194 3,251 3,445 (170 ) (4) Spartanburg SC 12/18/2015 — 260 2,934 4,301 260 7,235 7,495 (220 ) (4) Spartanburg SC 12/18/2015 — 293 6,205 — 293 6,205 6,498 (297 ) (4) Duncan SC 12/18/2015 — 329 4,033 — 329 4,033 4,362 (265 ) (4) Duncan SC 12/18/2015 — 182 622 — 182 622 804 (61 ) (4) Duncan SC 12/18/2015 — 347 2,216 260 347 2,476 2,823 (229 ) (4) Spartanburg SC 12/18/2015 — 90 480 — 90 480 570 (42 ) (4) Duncan SC 12/18/2015 — 172 1,912 — 172 1,912 2,084 (111 ) (4) Spartanburg SC 12/18/2015 — 497 3,916 — 497 3,916 4,413 (602 ) (4) Spartanburg SC 12/18/2015 — 112 1,887 — 112 1,887 1,999 (135 ) (4) Duncan SC 12/18/2015 — 451 2,394 — 451 2,394 2,845 (165 ) (4) Duncan SC 12/18/2015 — 586 2,471 — 586 2,471 3,057 (115 ) (4) Kings Mountain NC 12/18/2015 — 1,107 17,664 — 1,107 17,664 18,771 (696 ) (4) Rogers MN 12/18/2015 — 1,185 14,510 — 1,185 14,510 15,695 (619 ) (4) Bellingham MA 12/18/2015 — 1,366 15,037 — 1,366 15,037 16,403 (587 ) (4) Jacksonville FL 12/18/2015 — 2,865 29,096 — 2,865 29,096 31,961 (1,320 ) (4) Fort Worth TX 12/18/2015 9,690 2,772 24,789 — 2,772 24,789 27,561 (828 ) (4) Hebron KY 12/18/2015 6,721 1,646 7,106 — 1,646 7,106 8,752 (399 ) (4) Elkton FL 12/18/2015 6,961 1,797 16,688 — 1,797 16,688 18,485 (627 ) (4) Tolleson AZ 12/18/2015 4,186 1,584 10,252 429 1,584 10,681 12,265 (484 ) (4) Wilmer TX 12/18/2015 — 1,262 51,903 — 1,262 51,903 53,165 (1,715 ) (4) Aurora CO 12/18/2015 — 1,979 26,637 238 1,979 26,875 28,854 (867 ) (4) University Park IL 12/18/2015 — 1,454 69,921 — 1,454 69,921 71,375 (2,233 ) (4) Initial Costs (2) Gross Amount at Which Carried December 31, 2016 City State Acquisition Date Encumbrances at December 31, 2016 (1) Land Building and Improvements Work in Progress and Costs Capitalized Subsequent To Acquisition Land Building and Improvements Total (3) Accumulated Depreciation December 31, 2016 Average Depreciable Life Olathe KS 12/18/2015 — 2,990 53,531 — 2,990 53,531 56,521 (1,866 ) (4) Rogers MN 12/18/2015 6,096 886 15,838 247 886 16,085 16,971 (538 ) (4) Belcamp MD 12/18/2015 — 6,490 54,200 — 6,490 54,200 60,690 (2,132 ) (4) Belcamp MD 12/18/2015 — 2,200 1,454 — 2,200 1,454 3,654 (142 ) (4) Aberdeen MD 12/18/2015 — 3,735 40,396 — 3,735 40,396 44,131 (1,359 ) (4) Spartanburg SC 12/18/2015 — 1,414 7,246 — 1,414 7,246 8,660 (407 ) (4) Plainfield IN 12/18/2015 — 3,633 29,264 — 3,633 29,264 32,897 (1,058 ) (4) Hawthorne CA 12/18/2015 19,399 20,361 33,831 — 20,361 33,831 54,192 (1,447 ) (4) Sauget IL 12/18/2015 — 841 18,176 — 841 18,176 19,017 (885 ) (4) Pittston PA 12/18/2015 — 1,966 44,037 — 1,966 44,037 46,003 (1,512 ) (4) Hazelton PA 12/18/2015 — 2,421 37,291 1,862 2,421 39,153 41,574 (1,457 ) (4) Pittston PA 12/18/2015 — 616 10,045 — 616 10,045 10,661 (375 ) (4) Jessup PA 12/18/2015 — 956 8,979 66 956 9,045 10,001 (373 ) (4) Round Rock TX 12/21/2015 — 1,820 6,127 15,025 1,820 21,152 22,972 (202 ) (4) Hackettstown NJ 12/22/2015 9,338 2,260 10,985 — 2,260 10,985 13,245 (380 ) (4) Nashville TN 12/24/2015 — 1,015 3,868 — 1,015 3,868 4,883 (214 ) (4) La Vergne TN 12/24/2015 — 1,140 6,117 — 1,140 6,117 7,257 (295 ) (4) Bedford Park IL 1/28/2016 — 2,210 10,127 — 2,210 10,127 12,337 (321 ) (4) Moselle MS 1/28/2016 — 270 3,267 — 270 3,267 3,537 (136 ) (4) Indianapolis IN 2/22/2016 — 2,726 27,795 4 2,726 27,799 30,525 (626 ) (4) Bridgeview IL 4/26/2016 6,460 2,348 17,342 — 2,348 17,342 19,690 (413 ) (4) New Braunfels TX 4/26/2016 — 1,040 2,364 — 1,040 2,364 3,404 (84 ) (4) Auburndale FL 4/26/2016 1,772 431 2,879 — 431 2,879 3,310 (281 ) (4) Salem VA 4/26/2016 1,714 235 2,862 — 235 2,862 3,097 (120 ) (4) Santa Fe Springs CA 4/26/2016 4,168 10,578 7,949 — 10,578 7,949 18,527 (206 ) (4) Initial Costs (2) Gross Amount at Which Carried December 31, 2016 City State Acquisition Date Encumbrances at December 31, 2016 (1) Land Building and Improvements Work in Progress and Costs Capitalized Subsequent To Acquisition Land Building and Improvements Total (3) Accumulated Depreciation December 31, 2016 Average Depreciable Life Etobicoke CAN 4/26/2016 5,046 4,716 2,554 — 4,716 2,554 7,270 (212 ) (4) Rexdale CAN 4/26/2016 2,732 1,615 2,283 — 1,615 2,283 3,898 (112 ) (4) Baltimore MD 4/26/2016 6,202 2,315 6,386 — 2,315 6,386 8,701 (307 ) (4) Elizabeth NJ 4/26/2016 2,585 2,624 1,396 — 2,624 1,396 4,020 (66 ) (4) Monroe Twp NJ 4/26/2016 2,513 935 2,483 — 935 2,483 3,418 (79 ) (4) Santa Ana CA 4/26/2016 5,932 9,262 2,213 — 9,262 2,213 11,475 (146 ) (4) Tracy CA 4/26/2016 6,434 1,696 6,986 — 1,696 6,986 8,682 (365 ) (4) Deerfield Beach FL 5/2/2016 — 11,228 8,141 — 11,228 8,141 19,369 (314 ) (4) Belcamp MD 5/5/2016 — 2,748 17,935 52 2,748 17,987 20,735 (367 ) (4) Curtis Bay MD 5/5/2016 — 3,773 19,787 — 3,773 19,787 23,560 (409 ) (4) Hagerstown MD 5/5/2016 — 3,699 28,042 — 3,699 28,042 31,741 (602 ) (4) Miami FL 5/16/2016 — 2,700 6,386 — 2,700 6,386 9,086 (139 ) (4) Romeoville IL 6/16/2016 — 5,400 24,021 — 5,400 24,021 29,421 (413 ) (4) Ball Ground GA 6/28/2016 — 576 7,397 — 576 7,397 7,973 (103 ) (4) Lake Zurich IL 6/29/2016 — 2,571 8,278 — 2,571 8,278 10,849 (159 ) (4) Whitestown IN 6/30/2016 — 2,158 68,643 — 2,158 68,643 70,801 (1,009 ) (4) Jacksonville FL 6/30/2016 — 5,686 32,009 — 5,686 32,009 37,695 (613 ) (4) Wilmer TX 6/30/2016 — 986 38,800 — 986 38,800 39,786 (600 ) (4) West Jefferson OH 6/30/2016 — 2,205 50,853 — 2,205 50,853 53,058 (1,039 ) (4) Tampa FL 6/30/2016 — 1,202 9,536 — 1,202 9,536 10,738 (169 ) (4) Houston TX 7/14/2016 — 2,294 615 — 2,294 615 2,909 (84 ) (4) Houston TX 7/14/2016 — 2,466 1,053 — 2,466 1,053 3,519 (100 ) (4) Fridley MN 7/20/2016 — 1,380 14,231 — 1,380 14,231 15,611 (177 ) (4) Largo FL 7/26/2016 — 1,318 1,351 — 1,318 1,351 2,669 (54 ) (4) Littleton MA 8/10/2016 — 5,292 31,268 — 5,292 31,268 36,560 (407 ) (4) Initial Costs (2) Gross Amount at Which Carried December 31, 2016 City State Acquisition Date Encumbrances at December 31, 2016 (1) Land Building and Improvements Work in Progress and Costs Capitalized Subsequent To Acquisition Land Building and Improvements Total (3) Accumulated Depreciation December 31, 2016 Average Depreciable Life Byhalia MS 8/15/2016 — 1,662 23,353 — 1,662 23,353 25,015 (290 ) (4) McCook IL 8/19/2016 — 5,988 30,526 — 5,988 30,526 36,514 (303 ) (4) Hanover Park IL 8/29/2016 — 2,932 14,809 — 2,932 14,809 17,741 (184 ) (4) Durham NC 9/8/2016 — 925 8,543 — 925 8,543 9,468 (82 ) (4) Santa Fe Springs CA 9/9/2016 — 1,616 4,162 — 1,616 4,162 5,778 (40 ) (4) Santa Fe Springs CA 9/9/2016 — 1,372 1,063 — 1,372 1,063 2,435 (19 ) (4) Santa Fe Springs CA 9/9/2016 — 8,655 8,689 — 8,655 8,689 17,344 (138 ) (4) Anaheim CA 9/23/2016 — 9,601 14,432 — 9,601 14,432 24,033 (122 ) (4) Fulton GA 9/23/2016 — 1,166 4,766 — 1,166 4,766 5,932 (61 ) (4) Fulton GA 9/23/2016 — 862 2,981 — 862 2,981 3,843 (41 ) (4) Summerville SC 9/29/2016 — 3,154 129 1,938 3,154 2,067 5,221 — (4) Anaheim CA 10/3/2016 — 4,059 4,045 — 4,059 4,045 8,104 (45 ) (4) Naperville IL 10/5/2016 — 4,960 24,014 — 4,960 24,014 28,974 (253 ) (4) Henderson NV 10/6/2016 — 3,947 18,749 — 3,947 18,749 22,696 (137 ) (4) Black Creek GA 10/11/2016 — 2,210 27,074 — 2,210 27,074 29,284 (213 ) (4) Montgomery NY 10/13/2016 — 4,310 17,912 3 4,310 17,915 22,225 (182 ) (4) Oakland CA 10/14/2016 — 4,957 5,279 402 4,957 5,681 10,638 (58 ) (4) Elkridge MD 11/22/2016 — 2,509 2,345 — 2,509 2,345 4,854 (14 ) (4) Commerce City CO 11/29/2016 — 3,141 7,693 — 3,141 7,693 10,834 (31 ) (4) West Chester OH 12/9/2016 — 680 7,864 — 680 7,864 8,544 (19 ) (4) Swedesboro NJ 12/9/2016 — 3,180 10,829 — 3,180 10,829 14,009 (25 ) (4) Southaven MS 12/15/2016 17,668 1,463 26,630 — 1,463 26,630 28,093 (45 ) (4) Southaven MS 12/15/2016 8,696 1,026 15,272 — 1,026 15,272 16,298 (26 ) (4) Memphis TN 12/15/2016 11,464 2,267 31,266 — 2,267 31,266 33,533 (51 ) (4) Memphis TN 12/15/2016 7,427 1,759 18,021 — 1,759 18,021 19,780 (35 ) (4) Initial Costs (2) Gross Amount at Which Carried December 31, 2016 City State Acquisition Date Encumbrances at December 31, 2016 (1) Land Building and Improvements Work in Progress and Costs Capitalized Subsequent To Acquisition Land Building and Improvements Total (3) Accumulated Depreciation December 31, 2016 Average Depreciable Life McDonough GA 12/15/2016 12,719 3,142 23,633 — 3,142 23,633 26,775 (40 ) (4) Fairburn GA 12/15/2016 — 5,360 57,616 — 5,360 57,616 62,976 (82 ) (4) Plainfield IN 12/15/2016 14,277 4,380 27,012 — 4,380 27,012 31,392 (50 ) (4) Plainfield IN 12/15/2016 10,664 2,361 21,362 — 2,361 21,362 23,723 (37 ) (4) West Chester OH 12/15/2016 12,130 1,896 17,433 — 1,896 17,433 19,329 (31 ) (4) West Chester OH 12/15/2016 7,741 1,636 12,275 — 1,636 12,275 13,911 (21 ) (4) Walton KY 12/15/2016 14,764 2,327 23,802 — 2,327 23,802 26,129 (39 ) (4) Summerville SC 12/15/2016 25,040 6,445 46,323 — 6,445 46,323 52,768 (64 ) (4) Fairfield CA 12/15/2016 18,665 9,935 33,960 — 9,935 33,960 43,895 (66 ) (4) Irving TX 12/15/2016 16,107 — 31,639 — — 31,639 31,639 (44 ) (4) Woodland CA 12/15/2016 3,654 2,056 10,239 — 2,056 10,239 12,295 (22 ) (4) Woodland CA 12/15/2016 3,659 2,136 10,304 — 2,136 10,304 12,440 (23 ) (4) Jacksonville FL 12/15/2016 10,162 2,453 17,590 — 2,453 17,590 20,043 (36 ) (4) York PA 12/20/2016 — 1,330 5,416 — 1,330 5,416 6,746 — (4) Alpharetta GA 12/28/2016 — 1,620 7,488 — 1,620 7,488 9,108 — (4) Office Properties St. Louis MO 5/15/2014 — 1,085 771 303 1,085 1,074 2,159 (397 ) (4) Nashville TN 5/20/2014 — 2,995 8,879 — 2,995 8,879 11,874 (732 ) (4) Phoenix AZ 6/9/2014 — — 6,206 219 — 6,425 6,425 (629 ) (4) Phoenix AZ 6/9/2014 — — 14,605 95 — 14,700 14,700 (1,614 ) (4) Phoenix AZ 6/9/2014 — — 6,834 114 — 6,948 6,948 (662 ) (4) Phoenix AZ 6/9/2014 — — 6,202 114 — 6,316 6,316 (612 ) (4) Mesa AZ 6/9/2014 — 796 2,411 — 796 2,411 3,207 (305 ) (4) Phoenix AZ 6/9/2014 — — 11,206 — — 11,206 11,206 (1,198 ) (4) Escondido CA 6/9/2014 — 1,718 2,961 — 1,718 2,961 4,679 (350 ) (4) Fresno CA 6/9/2014 — 664 1,878 — 664 1,878 2,542 (224 ) (4) Initial Costs (2) Gross Amount at Which Carried December 31, 2016 City State Acquisition Date Encumbrances at December 31, 2016 (1) Land Building and Improvements Work in Progress and Costs Capitalized Subsequent To Acquisition Land Building and Improvements Total (3) Accumulated Depreciation December 31, 2016 Average Depreciable Life Glendale CA 6/9/2014 — 4,582 7,583 — 4,582 7,583 12,165 (794 ) (4) Ontario CA 6/9/2014 — 2,767 4,299 36 2,767 4,335 7,102 (525 ) (4) Newport Beach CA 6/9/2014 — 1,818 4,315 — 1,818 4,315 6,133 (431 ) (4) Sacramento CA 6/9/2014 — 924 3,710 — 924 3,710 4,634 (378 ) (4) Sacramento CA 6/9/2014 — 568 2,619 — 568 2,619 3,187 (270 ) (4) Pomona CA 6/9/2014 — 928 5,518 — 928 5,518 6,446 (622 ) (4) Riverside CA 6/9/2014 — 2,446 6,808 85 2,446 6,893 9,339 (759 ) (4) San Bernadino CA 6/9/2014 — 591 8,840 72 591 8,912 9,503 (858 ) (4) Sunnyvale CA 6/9/2014 — 6,903 5,574 — 6,903 5,574 12,477 (657 ) (4) Tampa FL 6/9/2014 — 4,266 3,799 165 4,266 3,964 8,230 (537 ) (4) Jacksonville FL 6/9/2014 — 5,953 28,118 2,269 5,953 30,387 36,340 (2,955 ) (4) Jacksonville FL 6/9/2014 — 3,180 9,936 2,970 3,180 12,906 16,086 (1,105 ) (4) Jacksonville FL 6/9/2014 — 3,100 10,959 3,067 3,100 14,026 17,126 (1,158 ) (4) Jacksonville FL 6/9/2014 — 4,754 16,893 3,293 4,754 20,186 24,940 (1,840 ) (4) Jacksonville FL 6/9/2014 — 3,168 10,835 2,754 3,168 13,589 16,757 (1,077 ) (4) Jacksonville FL 6/9/2014 — 7,844 27,974 124 7,844 28,098 35,942 (2,816 ) (4) Jacksonville FL 6/9/2014 — 3,212 11,324 1,976 3,212 13,300 16,512 (1,171 ) (4) Jacksonville FL 6/9/2014 — 555 1,583 9 555 1,592 2,147 (220 ) (4) Jacksonville FL 6/9/2014 — 118 450 2 118 452 570 (48 ) (4) Jacksonville FL 6/9/2014 — 598 1,607 9 598 1,616 2,214 (206 ) (4) Port Charlotte FL 6/9/2014 — 956 2,167 18 956 2,185 3,141 (295 ) (4) Miami Lakes FL 6/9/2014 — 8,439 13,078 242 8,439 13,320 21,759 (1,631 ) (4) Tampa FL 6/9/2014 — 2,534 3,493 — 2,534 3,493 6,027 (393 ) (4) Savannah GA 6/9/2014 — 1,006 3,828 172 1,006 4,000 5,006 (374 ) (4) Overland Park KS 6/9/2014 — 547 3,384 — 547 3,384 3,931 (368 ) (4) Initial Costs (2) Gross Amount at Which Carried December 31, 2016 City State Acquisition Date Encumbrances at December 31, 2016 (1) Land Building and Improvements Work in Progress and Costs Capitalized Subsequent To Acquisition Land Building and Improvements Total (3) Accumulated Depreciation December 31, 2016 Average Depreciable Life Annapolis MD 6/9/2014 — 779 3,623 — 779 3,623 4,402 (337 ) (4) Springfield MO 6/9/2014 — 1,211 2,154 124 1,211 2,278 3,489 (247 ) (4) Carrollton TX 6/9/2014 — 1,476 2,494 — 1,476 2,494 3,970 (308 ) (4) Houston TX 6/9/2014 — 1,000 5,284 92 1,000 5,376 6,376 (560 ) (4) Mission TX 6/9/2014 — 614 1,342 35 614 1,377 1,991 (213 ) (4) Spokane WA 6/9/2014 — 696 2,897 — 696 2,897 3,593 (1,180 ) (4) Malvern PA 6/30/2014 — 2,085 21,494 — 2,085 21,494 23,579 (1,979 ) (4) Parsippany NJ 9/30/2014 — 2,133 4,108 127 2,133 4,235 6,368 (441 ) (4) Charlotte NC 2/3/2015 — 1,944 12,613 — 1,944 12,613 14,557 (717 ) (4) Irving TX 3/11/2015 — 4,260 47,397 166 4,260 47,563 51,823 (2,364 ) (4) Parsippany NJ 3/11/2015 — 5,215 39,985 — 5,215 39,985 45,200 (2,277 ) (4) Plantation FL 3/11/2015 — 12,721 32,270 — 12,721 32,270 44,991 (1,920 ) (4) Commerce CA 3/11/2015 — 5,112 14,910 — 5,112 14,910 20,022 (810 ) (4) Redondo Beach CA 3/11/2015 — 8,520 17,946 1,235 8,520 19,181 27,701 (1,187 ) (4) Houston TX 12/18/2015 — 4,854 24,924 9 4,854 24,933 29,787 (707 ) (4) Chantilly VA 12/18/2015 — 1,730 12,265 — 1,730 12,265 13,995 (403 ) (4) Chantilly VA 12/18/2015 — 1,132 9,015 18 1,132 9,033 10,165 (279 ) (4) Woodcliff Lake NJ 12/18/2015 36,038 4,175 22,499 — 4,175 22,499 26,674 (730 ) (4) Deerfield IL 12/18/2015 11,202 2,218 10,026 — 2,218 10,026 12,244 (316 ) (4) Parsippany NJ 12/18/2015 — 3,318 31,682 — 3,318 31,682 35,000 (990 ) (4) Phoenix AZ 12/18/2015 — — 48,350 — — 48,350 48,350 (1,477 ) (4) Philadelphia PA 12/18/2015 — 6,216 65,818 — 6,216 65,818 72,034 (2,002 ) (4) Raleigh NC 12/18/2015 — 1,224 5,047 — 1,224 5,047 6,271 (169 ) (4) Raleigh NC 12/18/2015 — 1,578 16,035 206 1,578 16,241 17,819 (463 ) (4) Raleigh NC 12/18/2015 — 1,614 18,756 86 1,614 18,842 20,456 (535 ) (4) Initial Costs (2) Gross Amount at Which Carried December 31, 2016 City State Acquisition Date Encumbrances at December 31, 2016 (1) Land Building and Improvements Work in Progress and Costs Capitalized Subsequent To Acquisition Land Building and Improvements Total (3) Accumulated Depreciation December 31, 2016 Average Depreciable Life Coppell TX 12/18/2015 — 8,246 27,631 1,221 8,246 28,852 37,098 (879 ) (4) Houston TX 12/18/2015 — 3,833 22,934 12,846 3,833 35,780 39,613 (917 ) (4) Dublin OH 12/18/2015 19,634 3,535 22,622 — 3,535 22,622 26,157 (836 ) (4) Columbus OH 12/18/2015 5,909 2,043 9,169 — 2,043 9,169 11,212 (331 ) (4) Miramar FL 12/18/2015 — 11,664 8,566 — 11,664 8,566 20,230 (449 ) (4) Miramar FL 12/18/2015 — 6,510 19,697 106 6,510 19,803 26,313 (611 ) (4) Bloomington MN 12/18/2015 — 4,036 24,122 2,578 4,036 26,700 30,736 (823 ) (4) Coventry UK 12/18/2015 — 1,450 — — 1,450 — 1,450 — (4) Summit NJ 5/17/2016 — 2,516 — — 2,516 — 2,516 — (4) Lake Forest IL 6/30/2016 — 5,036 9,994 — 5,036 9,994 15,030 (157 ) (4) Emmaus PA 6/6/2013 — 407 986 — 407 986 1,393 (187 ) (4) Calabash NC 6/6/2013 — 187 290 — 187 290 477 (71 ) (4) Franklin Park IL 11/21/2013 — 4,512 2,457 — 4,512 2,457 6,969 (409 ) (4) Long Beach CA 6/9/2014 — 1,117 2,599 — 1,117 2,599 3,716 (265 ) (4) Bakersfield CA 6/9/2014 — 503 2,670 — 503 2,670 3,173 (319 ) (4) Compton CA 6/9/2014 — 2,368 1,639 — 2,368 1,639 4,007 (228 ) (4) El Segundo CA 6/9/2014 — 2,812 1,879 — 2,812 1,879 4,691 (234 ) (4) Gardena CA 6/9/2014 — 2,970 5,564 — 2,970 5,564 8,534 (629 ) (4) Los Angeles CA 6/9/2014 — 1,403 3,128 — 1,403 3,128 4,531 (306 ) (4) Lynwood CA 6/9/2014 — 1,652 1,834 57 1,652 1,891 3,543 (217 ) (4) North Hollywood CA 6/9/2014 — 2,504 5,106 — 2,504 5,106 7,610 (506 ) (4) Los Angeles CA 6/9/2014 — 1,146 1,909 62 1,146 1,971 3,117 (222 ) (4) Salinas CA 6/9/2014 — 944 3,791 — 944 3,791 4,735 (428 ) (4) Santa Barbara CA 6/9/2014 — 2,883 5,220 — 2,883 5,220 8,103 (503 ) (4) Santa Maria CA 6/9/2014 — 1,458 4,703 — 1,458 4,703 6,161 (485 ) (4) Initial Costs (2) Gross Amount at Which Carried December 31, 2016 City State Acquisition Date Encumbrances at December 31, 2016 (1) Land Building and Improvements Work in Progress and Costs Capitalized Subsequent To Acquisition Land Building and Improvements Total (3) Accumulated Depreciation December 31, 2016 Average Depreciable Life Mission Hills CA 6/9/2014 — 1,434 3,166 — 1,434 3,166 4,600 (325 ) (4) Bakersfield CA 6/9/2014 — 1,035 2,617 — 1,035 2,617 3,652 (309 ) (4) Torrance CA 6/9/2014 — 1,454 3,269 93 1,454 3,362 4,816 (328 ) (4) Ventura CA 6/9/2014 — 2,444 3,534 — 2,444 3,534 5,978 (382 ) (4) Long Beach CA 6/9/2014 — 1,272 2,533 — 1,272 2,533 3,805 (249 ) (4) Clearwater FL 6/9/2014 — 1,389 3,354 — 1,389 3,354 4,743 (361 ) (4) Hialeah FL 6/9/2014 — 2,615 2,410 — 2,615 2,410 5,025 (274 ) (4) Jacksonville FL 6/9/2014 — 741 1,011 — 741 1,011 1,752 (141 ) (4) Baltimore MD 6/9/2014 — 751 2,249 148 751 2,397 3,148 (290 ) (4) Richland MO 6/9/2014 — 78 1,183 — 78 1,183 1,261 (156 ) (4) Springfield MO 6/9/2014 — — 2,432 — — 2,432 2,432 (268 ) (4) Bellingham WA 6/9/2014 — 1,663 2,702 — 1,663 2,702 4,365 (294 ) (4) Specialty Retail Properties Reston VA 6/10/2015 — 4,440 28,070 — 4,440 28,070 32,510 (1,186 ) (4) Colorado Springs CO 6/10/2015 — 1,600 33,766 — 1,600 33,766 35,366 (1,407 ) (4) Mansfield TX 6/10/2015 — 3,050 23,684 — 3,050 23,684 26,734 (1,001 ) (4) Canton MI 6/10/2015 — 950 24,620 — 950 24,620 25,570 (1,073 ) (4) Collierville TN 6/10/2015 — 2,950 24,161 — 2,950 24,161 27,111 (1,009 ) (4) Deerfield OH 6/10/2015 — 3,620 20,880 — 3,620 20,880 24,500 (914 ) (4) Bixby OK 6/10/2015 — 2,410 22,663 — 2,410 22,663 25,073 (951 ) (4) Centennial CO 6/10/2015 — 2,400 29,043 — 2,400 29,043 31,443 (1,217 ) (4) Eden Prairie MN 6/10/2015 — 2,290 20,549 — 2,290 20,549 22,839 (1,381 ) (4) Summit NJ 5/17/2016 — 1,223 3,964 — 1,223 3,964 5,187 (67 ) (4) $ 558,642 $ 805,264 $ 3,966,081 $ 87,044 $ 805,264 $ 4,053,125 $ 4,858,389 $ (201,525 ) (1) Encumbrances represent balances at December 31, 2016 of mortgage notes payable that are collateralized by the property for which they are noted. (2) Initial costs reflect adjustments recorded to finalize purchase price allocations. (3) The aggregate cost basis of land, building and improvements, before depreciation, for Federal income tax purposes at December 31, 2016 was $5,287,421 (unaudited). (4) The Company computes depreciation expense using the straight-line method over the shorter of the estimated useful life at acquisition of the capitalized item or 40 years for buildings, five to ten years for building equipment and fixtures, and the lesser of the useful life or the remaining lease term for tenant improvements and leasehold interests. Set forth below is a rollforward of the carrying values for the Company's real estate investments classified as held for investment: Year Ended December 31, 2016 2015 2014 Investment in real estate: Balance at beginning of year $ 4,016,304 $ 1,067,620 $ 337,712 Improvements 51,427 22,734 15,202 Business acquisitions 1,407,171 3,018,585 714,706 Acquisitions designated as held for sale 28,611 348,582 — Change in held for sale (28,611 ) (348,582 ) — Write-off of fully depreciated assets (1,556 ) (358 ) — Impairments (11,195 ) (356 ) — Property sales (603,762 ) (91,921 ) — Balance at end of year $ 4,858,389 $ 4,016,304 $ 1,067,620 Accumulated depreciation: Balance at beginning of year $ 84,627 $ 27,598 $ 4,247 Depreciation expense 127,984 59,145 23,351 Write-off of fully depreciated assets (1,556 ) (358 ) — Change in held for sale — — — Property sales (9,530 ) (1,758 ) — Balance at end of year $ 201,525 $ 84,627 $ 27,598

Significant Accounting Polici32

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Reclassification	Reclassification Certain prior year balances have been reclassified to conform with the current year presentation. These reclassifications had no effect on the previously reported total assets, total liabilities, equity, or net income (loss). On the December 31, 2015 Consolidated Balance Sheets, the Company reclassified servicing advances receivable of $1,382 , retained CDO bonds of $7,471 , deferred costs of $13,950 , and goodwill of $3,568 into other assets and reclassified accrued interest payable of $4,546 , deferred revenue of $36,031 , and derivative instruments of $3,442 into other liabilities. On the Consolidated Statements of Operations, the Company reclassified investment income of $1,763 and $1,824 for the years ended December 31, 2015 and 2014, respectively, into other income. During the first quarter of 2016, the Company adopted ASU 2015-03, Simplifying the Presentation of Debt Issuances Costs, which requires the Company to reclassify debt financing costs, which were previously accounted for within the asset section, and present them in the balance sheet as a direct deduction from the carrying amount of the corresponding debt liability, with the exception of deferred financing costs associated with the credit facility which remain in other assets on the Consolidated Balance Sheets. Deferred financing costs totaling $6,389 have been reclassified in the December 31, 2015 Consolidated Balance Sheet from the asset section and netted against the corresponding debt liability. See “Recently Issued Accounting Pronouncements” below for further discussion of the new accounting guidance for deferred financing costs.
Principles of Consolidation	Principles of Consolidation The Consolidated Financial Statements include the Company’s accounts and those of the Company’s subsidiaries which are wholly-owned or controlled by the Company, or entities which are variable interest entities, or VIEs, in which the Company is the primary beneficiary. The primary beneficiary is the party that absorbs a majority of the VIE’s anticipated losses and/or a majority of the expected returns. The Company has evaluated its investments for potential classification as variable interests by evaluating the sufficiency of each entity’s equity investment at risk to absorb losses. Entities which the Company does not control and are considered VIEs, but where the Company is not the primary beneficiary, are accounted for under the equity method. All significant intercompany balances and transactions have been eliminated. The equity interests of other limited partners in the Company’s Operating Partnership are reflected as noncontrolling interests.
Real Estate Investments	Real Estate Investments Real Estate Acquisitions The Company records acquired real estate investments as business combinations when the real estate is occupied, at least in part, at acquisition. Costs directly related to the acquisition of such investments are expensed as incurred. The Company allocates the purchase price of real estate to land, building, improvements and intangibles, such as the value of above- and below-market leases, and origination costs associated with the in-place leases at the acquisition date. The Company utilizes various estimates, processes and information to determine the as-if-vacant property value. Estimates of value are made using customary methods, including data from appraisals, comparable sales, discounted cash flow analyses and other methods. Refer to the policy section "Intangible Assets and Liabilities" for more information on how the Company accounts for intangibles. The Company assesses the fair value of the leases at acquisition based upon estimated cash flow projections that utilize appropriate discount rates and available market information. Estimates of future cash flows are based on a number of factors including the historical operating results, known trends, and market/economic conditions that may affect the property. Additionally, for transactions that are business combinations, the Company evaluates the existence of goodwill or a gain from a bargain purchase at the time of acquisition. In January 2017, the FASB issued ASU 2017-01, Amendments to Business Combinations, which amends the current guidance to clarify the definition of a business. The Company has elected to early adopt the new standard in the first quarter of 2017 and as a result, it expects to capitalize substantially all acquisition costs as part of the carrying value of real estate assets acquired. Refer to the section "Recently Issued Accounting Pronouncements" for more information on the new guidance. Acquired real estate investments involving sale-leasebacks that have newly-originated leases or real estate investments under construction, or build-to-suit investments, are recorded as asset acquisitions and accordingly, transaction costs incurred in connection with the acquisition are capitalized. In build-to-suit investments, the Company engages a developer to construct a property or provide funds to a tenant to develop a property. The Company capitalizes the funds provided to the developer/tenant and real estate taxes, if applicable, during the construction period. Depreciation is computed using the straight-line method over the shorter of the estimated useful life at acquisition of the capitalized item or 40 years for buildings, five to ten years for building equipment and fixtures, and the lesser of the useful life or the remaining lease term for tenant improvements and leasehold interests. Maintenance and repair expenditures are charged to expense as incurred. Capital Improvements In leasing space, the Company may provide funding to the lessee through a tenant allowance. Certain improvements are capitalized when they are determined to increase the useful life of the building. During construction of qualifying projects, the Company capitalizes interest, insurance, real estate taxes and administrative costs of the personnel performing such work, if incremental and identifiable. In accounting for tenant allowances, the Company determines whether the allowance represents funding for the construction of leasehold improvements and evaluates the ownership of such improvements. If the Company is considered the owner of the leasehold improvements, the Company capitalizes the amount of the tenant allowance and depreciates it over the shorter of the useful life of the leasehold improvements or the lease term. If the tenant allowance represents a payment for a purpose other than funding leasehold improvements, or in the event the Company is not considered the owner of the improvements for accounting purposes, the allowance is considered to be a lease incentive and is recognized over the lease term as a reduction of rental revenue. Factors considered during this evaluation usually include (i) who holds legal title to the improvements, (ii) evidentiary requirements concerning the spending of the tenant allowance, and (iii) other controlling rights provided by the lease agreement (e.g. unilateral control of the tenant space during the build-out process). Determination of the accounting for a tenant allowance is made on a case-by-case basis, considering the facts and circumstances of the individual tenant lease. Impairments The Company also reviews the recoverability of a property’s carrying value when circumstances indicate a possible impairment of the value of a property. The review of recoverability is based on an estimate of the future undiscounted cash flows, excluding interest charges, expected to result from the property’s use and eventual disposition. These estimates consider factors such as changes in strategy resulting in an increased or decreased holding period, expected future operating income, market and other applicable trends and residual value, as well as the effects of leasing demand, competition and other factors. If management determines impairment exists due to the inability to recover the carrying value of a property, for properties to be held and used, an impairment loss is recorded to the extent that the carrying value exceeds the estimated fair value of the property and for assets held for sale, an impairment loss is recorded to the extent that the carrying value exceeds the fair value less estimated cost of disposal. These assessments are recorded as an impairment loss in the Consolidated Statements of Operations in the period the determination is made. The estimated fair value of the asset becomes its new cost basis. For a depreciable long-lived asset to be held and used, the new cost basis will be depreciated or amortized over the remaining useful life of that asset.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with maturities of three months or less when purchased to be cash equivalents.
Restricted Cash	Restricted Cash The Company had restricted cash of $12,904 and $17,354 at December 31, 2016 and 2015 , respectively, which primarily consisted of reserves for certain capital improvements, leasing, interest and real estate tax and insurance payments as required by certain mortgage loan obligations, as well as proceeds from property sales held by qualified intermediaries to be used for tax-deferred, like-kind exchanges under IRC Section 1031.
Variable Interest Entities, Consolidated and Unconsolidated	Variable Interest Entities During the first quarter of 2016, the Company adopted ASU 2015-02, Amendments to the Consolidation Analysis, which modified the analysis it must perform to determine whether it should consolidate certain types of legal entities. Under the revised guidance, the Operating Partnership was determined to be a VIE, for which the Company was the primary beneficiary due to its majority ownership and ability to exercise control over every aspect of the partnerships operations. Because the operating partnership was already consolidated in the Company’s balance sheets, the revised guidance had no impact on the Company’s Consolidated Financial Statements. There were no other legal entities qualifying under the scope of the revised guidance that were consolidated as a result of the adoption. In addition, there were no voting interest entities under prior existing guidance that were determined to be VIEs under the revised guidance. The assets and liabilities of the Company and its Operating Partnership are substantially the same. The Company had three consolidated VIEs as of December 31, 2016 and two consolidated VIEs as of December 31, 2015 . The Company had four unconsolidated VIEs as of December 31, 2016 and 2015 . The following is a summary of the Company’s involvement with VIEs as of December 31, 2016 : Company carrying value-assets Company carrying value-liabilities Face value of assets held by the VIEs Face value of liabilities issued by the VIEs Consolidated VIEs: Operating Partnership $ 5,603,527 $ 2,842,493 $ 5,603,527 $ 2,842,493 Proportion Foods $ 22,836 $ 3,041 $ 22,836 $ 23,514 Gramercy Europe Asset Management (European Fund Manager) $ 1,100 $ 47 $ 1,100 $ 1,742 Unconsolidated VIEs: Gramercy Europe Asset Management (European Fund Carry Co.) $ 8 $ — $ 31 $ — Retained CDO Bonds $ 11,906 $ — $ 391,990 $ 592,414 The following is a summary of the Company’s involvement with VIEs as of December 31, 2015 : Company carrying value-assets Company carrying value-liabilities Face value of assets held by the VIEs Face value of liabilities issued by the VIEs Consolidated VIEs: Proportion Foods $ 7,949 $ 16 $ 7,949 $ 8,183 Gramercy Europe Asset Management (European Fund Manager) $ 334 $ 832 $ 334 $ 832 Unconsolidated VIEs: Gramercy Europe Asset Management (European Fund Carry Co.) $ — $ — $ 11 $ 16 Retained CDO Bonds $ 7,471 $ — $ 1,382,373 $ 1,282,583 Consolidated VIEs Proportion Foods In December 2015, the Company entered into a non-recourse financing arrangement with Big Proportion Austin LLC, or BIG, for a build-to-suit industrial property in Round Rock, Texas, or Proportion Foods. Concurrently, the Company entered into a forward purchase agreement with BIG, pursuant to which the Company will acquire the property, which is 100.0% leased to Proportion Foods, upon substantial completion of the facility’s development. The Company has determined that Proportion Foods is a VIE, as the equity holders of the entity do not have controlling financial interests and the obligation to absorb losses. The Company controls the activities that most significantly affect the economic outcome of Proportion Foods through its financing arrangement to fund the property’s development and its forward purchase agreement with BIG. As such, the Company has concluded that it is the entity’s primary beneficiary and has consolidated the VIE. The Company has a note receivable from BIG related to the financing arrangement, which is a note payable for BIG and thus eliminates upon consolidation of the VIE. The construction of the facility on the property is expected to be complete in the first quarter of 2017 and the Company has committed $24,950 in financing for the property. BIG is responsible for funding in excess of the $24,950 mortgage note. As of December 31, 2016, the Company funded $19,932 for the property. Gramercy Europe Asset Management (European Fund Manager) In connection with the Company’s December 2014 investment in the Gramercy European Property Fund, the Company acquired equity interests in the entity, hereinafter European Fund Manager, which provides investment and asset management services to Gramercy European Property Fund. The Company has determined that European Fund Manager is a VIE, as the equity holders of that entity do not have controlling financial interests and the obligation to absorb losses. As Gramercy Europe Asset Management, through an investment advisory agreement with the VIE, controls the activities that most significantly affect the economic outcome of European Fund Manager, the Company has concluded that it is the entity’s primary beneficiary and has consolidated the VIE. European Fund Manager is expected to generate net cash inflows for the Company in the form of management fees in the future, however, if the VIE’s cash inflows are not sufficient to cover its obligations, the Company may provide financial support for the VIE. Unconsolidated VIEs Gramercy Europe Asset Management (European Fund Carry Co.) In connection with the Company’s December 2014 investment in the Gramercy European Property Fund, the Company acquired equity interests in the entity, hereinafter European Fund Carry Co., entitled to receive certain preferential distributions, if any, made from time-to-time by Gramercy European Property Fund. The Company has determined that European Fund Carry Co. is a VIE, as the equity holders of that entity do not have controlling financial interests and the obligation to absorb losses in excess of capital committed. Decisions that most significantly affect the economic performance of European Fund Carry Co. are decided by a majority vote of that VIE’s shareholders. As such, the Company does not have a controlling financial interest in the VIE and has accounted for it as an equity investment.
Tenant and Other Receivables	Tenant and Other Receivables Tenant and other receivables are derived from management fees, rental revenue and tenant reimbursements. Management fees, including incentive management fees, are recognized as earned in accordance with the terms of the management agreements. The management agreements may contain provisions for fees related to dispositions, administration of the assets including fees related to accounting, valuation and legal services, and management of capital improvements or projects on the underlying assets. Rental revenue is recorded on a straight-line basis over the initial term of the lease. Since many leases provide for rental increases at specified intervals, straight-line basis accounting requires the Company to record a receivable, and include in revenues, unbilled rent receivables that will only be received if the tenant makes all rent payments required through the expiration of the initial term of the lease. Tenant and other receivables also include receivables related to tenant reimbursements for common area maintenance expenses and certain other recoverable expenses that are recognized as revenue in the period in which the related expenses are incurred. Tenant and other receivables are recorded net of the allowance for doubtful accounts, which was $57 and $204 as of December 31, 2016 and 2015 , respectively. The Company continually reviews receivables related to rent, tenant reimbursements, and management fees, including incentive fees, and determines collectability by taking into consideration the tenant or asset management clients’ payment history, the financial condition of the tenant or asset management client, business conditions in the industry in which the tenant or asset management client operates and economic conditions in the area in which the property or asset management client is located. In the event that the collectability of a receivable is in doubt, the Company increases the allowance for doubtful accounts or records a direct write-off of the receivable, as appropriate.
Intangible Assets and Liabilities	Intangible Assets and Liabilities The Company follows the acquisition method of accounting for business combinations. The Company allocates the purchase price of acquired properties to tangible and identifiable intangible assets acquired based on their respective fair values. Tangible assets include land, buildings and improvements on an as-if vacant basis. Refer to the policy section, "Real Estate Acquisitions," for information on how the Company accounts for tangible assets. Identifiable intangible assets include amounts allocated to acquired leases for above- and below-market lease rates and the value of in-place leases. Management also considers information obtained about each property as a result of its pre-acquisition due diligence. Above-market and below-market lease values for properties acquired are recorded based on the present value of the difference between the contractual amount to be paid pursuant to each in-place lease and management’s estimate of the fair market lease rate for each such in-place lease, measured over a period equal to the remaining non-cancelable term of the lease. The present value calculation utilizes a discount rate that reflects the risks associated with the leases acquired. The above-market and below-market lease values are amortized as a reduction of and increase to rental revenue, respectively, over the remaining non-cancelable terms of the respective leases. If a tenant terminates its lease prior to its contractual expiration and no future rental payments will be received, any unamortized balance of the market lease intangibles will be written off to rental revenue. The aggregate value of in-place leases represents the costs of leasing costs, other tenant related costs, and lost revenue that the Company did not have to incur by acquiring a property that is already occupied. Factors considered by management in its analysis of the in-place lease intangibles include an estimate of carrying costs during the expected lease-up period for each property taking into account current market conditions and costs to execute similar leases. In estimating carrying costs, management includes real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the anticipated lease-up period. Management also estimates costs to execute similar leases including leasing commissions and other related expenses. The value of in-place leases is amortized to depreciation and amortization expense over the remaining non-cancelable term of the respective leases. In no event does the amortization period for intangible assets exceed the remaining depreciable life of the building. If a tenant terminates its lease prior to its contractual expiration and no future rental payments will be received, any unamortized balance of the in-place lease intangible will be written off to depreciation and amortization expense. Above-market and below-market ground rent intangibles are recorded for properties acquired in which the Company is the lessee pursuant to a ground lease assumed at acquisition. The above-market and below-market ground rent intangibles are valued similarly to above-market and below-market leases, except that, because the Company is the lessee as opposed to the lessor, the above-market and below-market ground lease values are amortized as a reduction of and increase to rent expense, respectively, over the remaining non-cancelable terms of the respective leases.
Revenue Recognition	Revenue Recognition Real Estate Investments Rental revenue from leases on real estate investments is recognized on a straight-line basis over the term of the lease, regardless of when payments are contractually due. The excess of rental revenue recognized over the amounts contractually due according to the underlying leases are included in other liabilities on the Consolidated Balance Sheets. For leases on properties that are under construction at the time of acquisition, the Company begins recognition of rental revenue upon completion of construction of the leased asset and delivery of the leased asset to the tenant. The Company’s lease agreements with tenants also generally contain provisions that require tenants to reimburse the Company for real estate taxes, insurance costs, common area maintenance costs, and other property-related expenses. Under lease arrangements in which the Company is the primary obligor for these expenses, such amounts are recognized as both revenues and operating expenses for the Company. Under lease arrangements in which the tenant pays these expenses directly, such amounts are not included in revenues or expenses. These reimbursement amounts are recognized in the period in which the related expenses are incurred. The Company recognizes sales of real estate properties only upon closing. Payments received from purchasers prior to closing are recorded as deposits. Profit on real estate sold is recognized using the full accrual method upon closing when the collectability of the sale price is reasonably assured and the Company is not obligated to perform significant activities after the sale. Profit may be deferred in whole or part until the sale meets the requirements of profit recognition on sale of real estate. Asset Management Business The Company’s asset and property management agreements may contain provisions for fees related to dispositions, administration of the assets including fees related to accounting, valuation and legal services, and management of capital improvements or projects on the underlying assets. The Company recognizes revenue for fees pursuant to its management agreements in the period in which they are earned. Deferred revenue from management fees received prior to the date earned are included in other liabilities on the Consolidated Balance Sheets. Certain of the Company’s asset management contracts include provisions that may allow it to earn additional fees, generally described as incentive fees or profit participation interests, based on the achievement of a targeted valuation of the managed assets or the achievement of a certain internal rate of return on the managed assets. The Company recognizes incentive fees on its asset management contracts based upon the amount that would be due pursuant to the contract, if the contract were terminated at the reporting date. If the contract may be terminated at will, revenue will only be recognized to the amount that would be due pursuant to that termination. If the incentive fee is a fixed amount, only a proportionate share of revenue is recognized at the reporting date, with the remaining fees recognized on a straight-line basis over the measurement period. The values of incentive management fees are periodically evaluated by management. The Company’s significant management agreements are with KBS Acquisition Sub, LLC, the Gramercy European Property Fund, and Strategic Office Partners. The Company’s management agreement with KBS Acquisition Sub, LLC, or KBS, was amended in the fourth quarter of 2016 to terminate the agreement effective as of March 31, 2017. For the period from January 1, 2017 through termination on March 31, 2017, the revised agreement provides for monthly asset management fees of $550 and incentive fees pursuant to the previous agreement. The previous agreement with KBS provided for a base management fee of $7,500 per year, reimbursement of certain administrative and property related expenses, and incentive fees in the form of profit participation ranging from 10.0% – 30.0% of profits earned on sales through December 31, 2016. The Company’s management agreement with the Gramercy European Property Fund was assumed in December 2014. Pursuant to the agreement with the Gramercy European Property Fund, Gramercy Europe Asset Management provides property, asset management and advisory services to a portfolio of single-tenant industrial and office assets located in Europe. The Company’s management agreement with Strategic Office Partners was effective in the third quarter of 2016, concurrent with the formation of Strategic Office Partners. In accordance with the agreement with Strategic Office Partners, the Company provides the venture with property management, project management, and leasing services, for which it earns management fees. Additionally, the Company will receive an asset management fee from Strategic Office Partners as well as a promoted interest after achieving a targeted internal rate of return. For the years ended December 31, 2016 , 2015 , and 2014 , the Company recognized incentive fees of $19,159 , $3,012 , and $1,136 , respectively. Other Income Other income primarily consists of income accretion on the Company’s Retained CDO Bonds, which are measured at fair value on a quarterly basis using a discounted cash flow model, realized foreign currency exchange gains (losses), interest income, recoveries from servicing advances, reversal of a contingency accrual and miscellaneous property related income.
Foreign Currency	Foreign Currency Gramercy Europe Asset Management operates an asset and property management business in the United Kingdom. The Company owns two properties in Canada, owned one property located in the United Kingdom until its disposition in December 2016, and has unconsolidated equity investments in Europe and Asia. The Company also has borrowings outstanding in euros and British pounds sterling under the multicurrency portion of its revolving credit facility. Refer to Note 5 for more information on the Company’s foreign unconsolidated equity investments. Foreign Currency Translation The Company has interests in Europe and Canada for which the functional currencies are the euro, the British pound sterling, and the Canadian dollar, respectively. The Company performs the translation from these foreign currencies to the U.S. dollar for assets and liabilities using the exchange rates in effect at the balance sheet date and for revenue and expense accounts using a weighted average exchange rate during the period. The Company reports the gains and losses resulting from such translation as a component of other comprehensive income (loss). The Company recorded net translation losses of $6,094 , $594 , and $48 for the years ended December 31, 2016 , 2015 , and 2014 , respectively. These translation gains and losses are reclassified to other income within earnings when the Company has substantially exited from all investments in the related currency. Foreign Currency Transactions A transaction gain or loss realized upon settlement of a foreign currency transaction will be included in earnings for the period in which the transaction is settled. Foreign currency intercompany transactions that are scheduled for settlement are included in the determination of net income. Intercompany foreign currency transactions of a long-term nature that do not have a planned or foreseeable future settlement date, in which the entities to the transactions are consolidated or accounted for by the equity method in the Company’s financial statements, are not included in net income but are reported as a component of other comprehensive income (loss).
Other Assets	Other Assets The Company includes prepaid expenses, capitalized software costs, contract intangible assets, deferred costs, goodwill, derivative assets, servicing advances receivable, and Retained CDO Bonds in other assets. Prepaid Expenses The Company makes payments for certain expenses such as insurance and property taxes in advance of the period in which it receives the benefit. These payments are amortized over the respective period of benefit relating to the contractual arrangement. The Company also makes payments for deposits related to pending acquisitions and financing arrangements, as required by a seller or lender, respectively. Costs prepaid in connection with securing financing for a property are reclassified into deferred financing costs at the time the transaction is completed. Capitalized Software Costs and Contract Intangible Assets The Company capitalizes its costs of software purchased for internal use and once the software is placed into service, the costs are amortized into expense on a straight-line basis over the asset's estimated useful life, which is generally three years . Contracts the Company has assumed in connection with a business combination, such as asset or property management contracts, are recorded at fair value at the time of acquisition, which is determined using a discounted cash flow analysis that considers the contract’s projected cash flows, factoring in any renewal or termination provisions, and a discount rate that reflects the associated risks. The value of the contract intangible is amortized to property management expense on a straight-line basis over the expected remaining useful term of the contract and if the contract is terminated prior to its contractual expiration, any unamortized balance of the contract intangible will be written off to property management expense.
Deferred Costs	Deferred Costs Deferred costs consist of deferred financing costs, deferred acquisition costs, and deferred leasing costs, and are presented in other assets net of accumulated amortization. The Company’s deferred financing costs are comprised of costs associated with the Company’s unsecured credit facilities and include commitment fees, issuance costs, and legal and other third-party costs associated with obtaining the related financing. Deferred financing costs are amortized on a straight-line or effective interest basis over the contractual terms of the respective agreements and the amortization is reflected as interest expense. Unamortized deferred financing costs are expensed when the associated debt is refinanced or repaid before maturity. Costs incurred in seeking financing transactions that do not close are expensed in the period in which it is determined that the financing will not close. During the first quarter of 2016, the Company adopted accounting guidance related to the presentation of deferred financing costs on the balance sheet and reclassified amounts that were within the asset section pertaining to debt arrangements other than its unsecured credit facilities to instead be netted against the corresponding debt liability for all periods presented. See “Recently Issued Accounting Pronouncements” below for further discussion of the new accounting guidance on deferred financing costs. The Company’s deferred acquisition costs consist primarily of lease inducement fees paid to secure acquisitions and are amortized on a straight-line basis over the related lease term as a reduction of rental revenue. The Company’s deferred leasing costs include direct costs, such as lease commissions, incurred to initiate and renew operating leases and are amortized on a straight-line basis over the related lease term as a reduction from rental revenue.
Goodwill	Goodwill Goodwill represents the fair value of the synergies expected to be achieved upon consummation of a business combination and is measured as the excess of consideration transferred over the net assets acquired at acquisition date. The Company initially recognized goodwill of $3,887 related to the acquisition of Gramercy Europe Asset Management, however during the second quarter of 2015, as a result of finalization of the purchase price allocation for the acquisition, the Company decreased the amount allocated to goodwill by $85 and thus the final purchase price allocation to goodwill as a result of the acquisition was $3,802 . The adjustment to goodwill for the finalized purchase price was primarily related to a reduction in the contract intangible value as well as an increase in the accrued income recorded for incentive fees. The carrying value of goodwill is adjusted each reporting period for the effect of foreign currency translation adjustments. The carrying value of goodwill at December 31, 2016 and 2015 was $2,988 and $3,568 , respectively. The Company’s goodwill has an indeterminate life and is not amortized, but is tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the asset might be impaired. The Company takes a qualitative approach to consider whether an impairment of goodwill exists prior to quantitatively determining the fair value of the reporting unit in step one of the impairment test.
Servicing Advances Receivable	Servicing Advances Receivable The Company's servicing advances receivable consisted of its accrual for the reimbursement of servicing advances, including expenses such as legal fees and other professional fees incurred prior to the disposal of Gramercy Finance in March 2013. Recovery of servicing advances has been recognized in other income on the Consolidated Statements of Operations. For the years ended December 31, 2016 , 2015 , and 2014 the Company received reimbursements of $1,390 , $0 , and $7,428 , respectively. As of December 31, 2016 and December 31, 2015 , the servicing advances receivable was $0 and $1,382 , respectively. All servicing advances receivable were received as of March 30, 2016, thus there will be no future activity related to servicing advances.
Retained CDO Bonds	Retained CDO Bonds The Retained CDO Bonds are non-investment grade subordinate bonds, preferred shares and ordinary shares of three CDOs. Management estimated the timing and amount of cash flows expected to be collected and recognized an investment in the Retained CDO Bonds equal to the net present value of these discounted cash flows. There is no guarantee that the Company will realize any proceeds from this investment, or what the timing will be for the expected remaining life of the Retained CDO Bonds. The Company considers these investments to be not of high credit quality and does not expect a full recovery of interest and principal, therefore, the Company has suspended interest income accruals on these investments. The Company classifies the Retained CDO Bonds as available for sale. On a quarterly basis, the Company evaluates the Retained CDO Bonds to determine whether significant changes in estimated cash flows or unrealized losses on these investments, if any, reflect a decline in value which is other-than-temporary. If there is a decrease in estimated cash flows and the investment is in an unrealized loss position, the Company will record an other-than-temporary, or OTTI, impairment in the Consolidated Statements of Operations. To determine the component of the OTTI related to expected credit losses, the Company compares the amortized cost basis of the Retained CDO Bonds to the present value of the revised expected cash flows, discounted using the pre-impairment yield. Conversely, if the security is in an unrealized gain position and there is a decrease or significant increase in expected cash flows, the Company will prospectively adjust the yield using the effective yield method.
Benefit Plans	Benefit Plans The Company has a 401(k) Savings/Retirement Plan, or the 401(k) Plan, to cover eligible employees of the Company, and any designated affiliate. The 401(k) Plan permits eligible employees to defer up to 15.0% of their annual compensation, subject to certain limitations imposed by the IRC. The employees’ elective deferrals are immediately vested and non-forfeitable. The 401(k) Plan provides for discretionary matching contributions by the Company. Except for the 401(k) Plan, at December 31, 2016 the Company did not maintain a defined benefit pension plan, post-retirement health and welfare plan or other benefit plans.
Concentrations of Credit Risk	Concentrations of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash investments, debt investments and accounts receivable. The Company places its cash investments in excess of insured amounts with high quality financial institutions. Concentrations of credit risk also arise when a number of the Company’s tenants or asset management clients are engaged in similar business activities or are subject to similar economic risks or conditions that could cause their inability to meet contractual obligations to the Company. The Company regularly monitors its portfolio to assess potential concentrations of credit risk. Management believes the current credit risk portfolio is reasonably well diversified.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with Generally Accepted Accounting Principles, or GAAP, requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board, or FASB, issued ASU 2014-09, Revenue from Contracts with Customers, which is a comprehensive new revenue recognition model requiring a company to recognize revenue to depict the transfer of goods or services to customers in an amount reflecting the consideration it expects to receive in exchange for those goods or services. The guidance also requires enhanced disclosures related to the nature, amount, timing, and uncertainty of revenue that is recognized. In April 2016, the FASB issued ASU 2016-10, which amends the new revenue recognition guidance on identifying performance obligations. In February 2017, the FASB issued ASU 2017-05, which clarifies the scope of gains and losses from the derecognition of nonfinancial assets and provides guidance for the partial sales of nonfinancial assets in context of the new revenue standard. The new revenue recognition guidance is effective for the first interim period within annual reporting periods beginning after December 15, 2017, with early adoption permitted for the first interim period within annual reporting periods beginning after December 15, 2016. Companies may use either a full retrospective or a modified retrospective approach to adopt the new guidance. A substantial portion of the Company’s revenue consists of rental revenue from leasing arrangements, which is specifically excluded from Topic 606, however the Company also generates revenue from operating expense reimbursements, management fees, and gains and impairments on disposals, which will be impacted by Topic 606. The Company is continuing to analyze the impact of the new revenue guidance on its recognition and disclosure of these streams of revenue. The Company currently expects to adopt the standard in the first quarter of 2018 using the modified retrospective approach. In February 2015, the FASB issued ASU 2015-02, Amendments to the Consolidation Analysis, which amends the current consolidation guidance, including introducing a separate consolidation analysis specific to limited partnerships and other similar entities. Under this analysis, limited partnerships and other similar entities will be considered a VIE unless the limited partners hold substantive kick-out rights or participating rights. The guidance is effective for annual and interim periods beginning after December 15, 2015, with early adoption permitted. The Company adopted this guidance during the first quarter of 2016, which did not result in changes to the Company’s conclusions regarding consolidation of applicable entities. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which serves to simplify the presentation of debt issuance costs in a company’s financial statements. The amendments in the update require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that liability. The update is effective for annual and interim periods beginning after December 15, 2015, with early adoption permitted. In August 2015, the FASB issued ASU 2015-15, Interest – Imputation of Interest, which allows an entity to present the debt issuance costs from a line-of-credit arrangement as an asset. The Company adopted this guidance during the first quarter of 2016 and reclassified amounts in each period presented. The adoption of this guidance did not have a material impact on the its Consolidated Financial Statements as the update relates only to changes in financial statement presentation. See the “Reclassification” section above for further details on the adoption of this guidance. In April 2015, the FASB issued ASU 2015-05, Intangibles Goodwill and Other Internal-Use Software: Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement. The update requires companies to account for the software license element of a cloud computing arrangement consistent with the acquisition of other software licenses and other licenses of intangible assets. The update is effective for annual and interim periods beginning after December 15, 2015, with early adoption permitted. The Company adopted this guidance during the first quarter of 2016. The adoption of this guidance did not have a material impact on the its Consolidated Financial Statements. In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities. The guidance requires entities to measure equity investments that do not result in consolidation and are not accounted for under the equity method at fair value and to record changes in instruments specific credit risk for financial liabilities measured under the fair value option in other comprehensive income. The update is effective for fiscal years beginning after December 15, 2017, and for interim periods therein. The Company has not yet adopted this new guidance and is currently evaluating the impact of adopting this new accounting standard on its Consolidated Financial Statements. In February 2016, the FASB issued ASU 2016-02, Leases, which amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. The update will be effective beginning in the first quarter of 2019 and early adoption is permitted. The new standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company’s accounting for leases in which it is a lessor, which represents most of its leasing arrangements, will be largely unchanged under ASU 2016-02, however the Company is a lessee in several operating and ground leases and the accounting for these arrangements is more significantly impacted by the new standard. Pursuant to the new guidance, lessees are required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. The Company is continuing to evaluate the impact of adopting the new leases standard on its Consolidated Financial Statements. In March 2016, the FASB issued ASU 2016-09, Compensation Stock Compensation: Improvements to Employee Share-Based Payment Accounting. The update serves to simplify the accounting for share-based payment award transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification of awards on the statement of cash flows. The guidance in the ASU is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years, with early adoption permitted for any interim or annual period. The Company has not elected early adoption of the amendments in the updates and expects that the new guidance will not have a material impact on its Consolidated Financial Statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments Credit Losses, which amends the existing accounting guidance related to credit losses on financial instruments. The amendments in the update replace the incurred loss impairment methodology in the current accounting standards with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The update is effective for annual and interim periods beginning after December 15, 2019, with early adoption permitted. The Company is currently evaluating the impact of adopting the update on its Consolidated Financial Statements. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows Classification of Certain Cash Receipts and Cash Payments, which serves to reduce the diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The update is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact of adopting the update on its Consolidated Financial Statements. In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, which requires the statement of cash flows to explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. The updated guidance is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The amendments must be adopted using a retrospective transition method to each period presented, with early adoption permitted. The Company is currently evaluating the impact of adopting the update on its Consolidated Financial Statements. In January 2017, the FASB issued ASU 2017-01, Amendments to Business Combinations, which amends the current guidance to clarify the definition of a business in order to assist entities in evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The guidance is effective for annual and interim periods beginning after December 15, 2017, with early adoption permitted under certain circumstances. The amendments must be applied prospectively as of the beginning of the period of adoption. The Company has elected to early adopt ASU 2017-01 in the first quarter of 2017 and as a result expects to capitalize substantially all acquisition costs as part of the carrying value of real estate assets acquired.

Significant Accounting Polici33

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Schedule of Variable Interest Entities	The Company had three consolidated VIEs as of December 31, 2016 and two consolidated VIEs as of December 31, 2015 . The Company had four unconsolidated VIEs as of December 31, 2016 and 2015 . The following is a summary of the Company’s involvement with VIEs as of December 31, 2016 : Company carrying value-assets Company carrying value-liabilities Face value of assets held by the VIEs Face value of liabilities issued by the VIEs Consolidated VIEs: Operating Partnership $ 5,603,527 $ 2,842,493 $ 5,603,527 $ 2,842,493 Proportion Foods $ 22,836 $ 3,041 $ 22,836 $ 23,514 Gramercy Europe Asset Management (European Fund Manager) $ 1,100 $ 47 $ 1,100 $ 1,742 Unconsolidated VIEs: Gramercy Europe Asset Management (European Fund Carry Co.) $ 8 $ — $ 31 $ — Retained CDO Bonds $ 11,906 $ — $ 391,990 $ 592,414 The following is a summary of the Company’s involvement with VIEs as of December 31, 2015 : Company carrying value-assets Company carrying value-liabilities Face value of assets held by the VIEs Face value of liabilities issued by the VIEs Consolidated VIEs: Proportion Foods $ 7,949 $ 16 $ 7,949 $ 8,183 Gramercy Europe Asset Management (European Fund Manager) $ 334 $ 832 $ 334 $ 832 Unconsolidated VIEs: Gramercy Europe Asset Management (European Fund Carry Co.) $ — $ — $ 11 $ 16 Retained CDO Bonds $ 7,471 $ — $ 1,382,373 $ 1,282,583
Schedule of Intangible Assets and Acquired Lease Obligations	Intangible assets and liabilities consist of the following: As of December 31, 2016 2015 Intangible assets: In-place leases, net of accumulated amortization of $117,717 and $49,125 $ 553,924 $ 644,540 Above-market leases, net of accumulated amortization of $15,719 and $5,051 59,647 94,202 Below-market ground rent, net of accumulated amortization of $274 and $147 5,109 5,236 Amounts related to assets held for sale, net of accumulated amortization of $0 — (61,804 ) Total intangible assets $ 618,680 $ 682,174 Intangible liabilities: Below-market leases, net of accumulated amortization of $26,168 and $16,934 $ 223,110 $ 255,452 Above-market ground rent, net of accumulated amortization of $248 and $149 7,073 3,522 Amounts related to liabilities of assets held for sale, net of accumulated amortization of $0 — (16,518 ) Total intangible liabilities $ 230,183 $ 242,456
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The following table provides the weighted average amortization period as of December 31, 2016 for intangible assets and liabilities and the projected amortization expense for the next five years. Weighted Average Amortization Period 2017 2018 2019 2020 2021 In-place leases 9.8 $ 91,891 $ 83,424 $ 70,190 $ 56,772 $ 49,568 Total to be included in depreciation and amortization expense $ 91,891 $ 83,424 $ 70,190 $ 56,772 $ 49,568 Above-market lease assets 7.5 $ 11,218 $ 10,629 $ 9,459 $ 7,288 $ 6,029 Below-market lease liabilities 19.7 (13,583 ) (13,309 ) (12,970 ) (12,621 ) (12,489 ) Total to be included in rental revenue $ (2,365 ) $ (2,680 ) $ (3,511 ) $ (5,333 ) $ (6,460 ) Below-market ground rent 41.3 $ 127 $ 127 $ 127 $ 127 $ 127 Above-market ground rent 33.3 (215 ) (215 ) (215 ) (215 ) (215 ) Total to be included in property operating expense $ (88 ) $ (88 ) $ (88 ) $ (88 ) $ (88 )
Schedule of Retained Collateralized Debt Obligation Bonds	A summary of the Company’s Retained CDO Bonds as of December 31, 2016 and 2015 is as follows: Period Number of Securities Face Value Amortized Cost Gross Unrealized Gain Other-than- temporary impairment Fair Value Weighted Average Expected Life As of December 31, 2016 9 $ 384,784 $ 8,207 $ 3,699 $ — $ 11,906 1.6 years As of December 31, 2015 9 $ 374,576 $ 6,461 $ 1,010 $ — $ 7,471 2.8 years
Other Than Temporary Impairment Credit Losses Recognized in Earnings	The following table summarizes the activity related to credit losses on the Retained CDO Bonds for the years ended December 31, 2016 and 2015 : 2016 2015 2014 Balance at beginning of period of credit losses on Retained CDO Bonds for which a portion of an OTTI was recognized in other comprehensive income (loss) $ 3,196 $ 6,818 $ 2,002 Additions to credit losses: On Retained CDO Bonds for which an OTTI was not previously recognized — — — On Retained CDO Bonds for which an OTTI was previously recognized and a portion of an OTTI was recognized in other comprehensive income (loss) — — 4,816 On Retained CDO Bonds for which an OTTI was previously recognized without any portion of OTTI recognized in other comprehensive income (loss) — — — Reduction for credit losses: — On Retained CDO Bonds for which no OTTI was recognized in other — — — On Retained CDO Bonds sold during the period — — — On Retained CDO Bonds charged off during the period — — — For increases in cash flows expected to be collected that are recognized over the remaining life of the Retained CDO Bonds (3,687 ) (3,622 ) — Balance at end of period of credit of losses on Retained CDO Bonds for which a portion of an OTTI was recognized in other comprehensive income (loss) $ (491 ) $ 3,196 $ 6,818

Dispositions, Assets Held-for34

Dispositions, Assets Held-for-Sale, and Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The following table summarizes the assets held for sale and liabilities related to the assets held for sale as of December 31, 2015 : December 31, 2015 Assets held for sale Real estate investments $ 348,582 Acquired lease assets 61,804 Other assets 10,099 Total assets 420,485 Liabilities related to assets held for sale Mortgage notes payable, net 260,704 Below-market lease liabilities 16,518 Other liabilities 14,142 Total liabilities 291,364 Net assets held for sale $ 129,121
Schedule of Operating Results Of Assets held for sale Including in Discontinued Operations	The Company's discontinued operations for the years ended December 31, 2016 , 2015 , and 2014 were related to its Gramercy Finance segment and the assets that were assumed in the Merger and simultaneously designated as held for sale. The following operating results for the years ended December 31, 2016 , 2015 , and 2014 are included in discontinued operations for all periods presented: Year Ended December 31, 2016 2015 2014 Revenues $ 6,547 $ 2,052 $ 368 Operating expenses (2,304 ) (290 ) (267 ) General and administrative expense (176 ) (384 ) (625 ) Interest expense (807 ) (503 ) — Depreciation and amortization (112 ) — — Gain on extinguishment of debt 1,930 — — Net income (loss) from operations 5,078 875 (524 ) Net gain on disposals 321 — — Net income (loss) from discontinued operations $ 5,399 $ 875 $ (524 )
Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Schedule of Significant Operating and Investing Noncash Items	The table below presents additional relevant information pertaining to results of discontinued operations for the years ended December 31, 2016 , 2015 , and 2014 , including depreciation, amortization, capital expenditures, and significant operating and investing noncash items: Year Ended December 31, 2016 2015 2014 Amortization expense $ (112 ) $ — $ — Significant operating noncash items (9,137 ) (273 ) — Significant investing noncash items — 131,358 — Increase in cash and cash equivalents related to foreign currency translation — 121 — Total $ (9,249 ) $ 131,206 $ —

Real Estate Investments (Tables

Real Estate Investments (Tables)	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition	The aggregate changes from the preliminary purchase price allocations to the finalized purchase price allocations, in accordance with ASU 2015-16, are shown in the table below: Preliminary Allocations recorded Finalized Allocations recorded Period Purchase Price Allocation Finalized Number of Acquisitions Real Estate Assets Intangible Assets Intangible Liabilities Real Estate Assets Intangible Assets Intangible Liabilities Increase (Decrease) to Rental Revenue Decrease to Depreciation and Amortization Expense Year ended December 31, 2016 67 $ 1,220,055 $ 128,498 $ 22,105 $ 1,219,354 $ 127,222 $ 20,128 $ (18 ) $ (13 ) Year Ended December 31, 2015 (1) 136 $ 1,373,360 $ 320,066 $ 81,961 $ 1,535,763 $ 302,083 $ 226,381 $ 2,307 $ (205 ) (1) Allocations for the year ended December 31, 2015 include the 67 properties acquired as part of the Bank of America Portfolio, a portfolio of properties acquired in 2014 from an existing joint venture which is primarily leased to Bank of America, N.A. The initial recording of the investments is summarized as follows: Preliminary Allocations recorded Period of Acquisition Number of Acquisitions Real Estate Assets Intangible Assets Intangible Liabilities Year ended December 31, 2016 21 $ 513,424 $ 61,178 $ 11,093
Business Acquisition, Pro Forma Information	The following table summarizes, on an unaudited pro forma basis, the Company’s combined results of operations for the years ended December 31, 2016 , 2015 , and 2014 as though the acquisitions closed during the years ended December 31, 2016 , 2015 , and 2014 were completed on January 1, 2014. The supplemental pro forma operating data is not necessarily indicative of what the actual results of operations would have been assuming the transactions had been completed as set forth above, nor do they purport to represent the Company’s results of operations for future periods. Year Ended December 31, 2016 2015 (3) 2014 (4) Pro forma revenues (1) $ 542,230 $ 517,363 $ 508,603 Pro forma net income available to common shareholders (2) $ 33,903 $ 61,840 $ 67,913 Pro forma income per common share-basic $ 0.24 $ 1.02 $ 2.44 Pro forma income per common share-diluted $ 0.24 $ 0.99 $ 2.37 Pro forma common shares-basic 140,192,424 60,698,716 27,860,728 Pro forma common share-diluted 141,009,021 62,436,511 28,641,836 (1) The pro forma results for all periods presented include adjustments to reflect the Company's continuing 5.1% interest in the Goodman Europe JV, its 100.0% interest in the seven properties it received through distribution from the Duke JV on June 30, 2016, and its 25.0% interest in Strategic Office Partners. (2) Net income for each period has been adjusted for acquisition costs related to the property acquisitions during the period. (3) The Company adjusted its pro forma net income for the year ended December 31, 2015 for the $54,945 of Merger costs recorded in 2015 because they were directly related to the Company’s Merger with Chambers Street, in which it acquired 95 properties. (4) The Company adjusted its pro forma net income for the year ended December 31, 2014 for the $72,345 gain on remeasurement of a previously held joint venture that was recorded in the second quarter of 2014 because it was directly related to the Company’s acquisition of the remaining 50.0% equity interest in the Bank of America Portfolio joint venture.
Schedule of Preliminary Purchase Price Allocations Acquired Assets and Liabilities	During 2016, the Company finalized the purchase price allocation for the Merger. The following table summarizes the finalized purchase price allocation: Assets Investments: Land $ 262,090 Buildings and improvements 1,628,395 Net investments 1,890,485 Cash and cash equivalents 24,687 Restricted cash 8,990 Unconsolidated equity investments 563,888 Tenant and other receivables, net 11,166 Acquired lease assets 410,819 Deferred costs and other assets 5,002 Assets held for sale 412,102 Total assets 3,327,139 Liabilities Mortgage notes payable 220,429 Revolving credit facilities and term loans 860,000 Below-market lease liabilities 38,613 Accounts payable, accrued expenses, and other liabilities 86,601 Liabilities related to assets held for sale 292,255 Total liabilities 1,497,898 Fair value of net assets acquired $ 1,829,241

Unconsolidated Equity Investm36

Unconsolidated Equity Investments (Tables)	12 Months Ended
	Dec. 31, 2016
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Equity Method Investments	As of December 31, 2016 and 2015 , and for the years ended December 31, 2016 , 2015 , and 2014 , the Company owned properties through unconsolidated equity investments and had investment interests in these unconsolidated entities as follows: As of December 31, 2016 As of December 31, 2015 Investment Ownership % Voting Interest % Partner Investment in Unconsolidated Equity Investment (1) Number of Properties Investment in Unconsolidated Equity (1) Number of Properties Gramercy European Property Fund (2)(3) 14.2 % 14.2 % Various $ 50,367 26 $ 23,381 12 Philips JV 25.0 % 25.0 % Various — 1 — 1 Duke JV (4) 80.0 % 50.0 % Duke Realty — — 352,932 13 Goodman Europe JV (3) 5.1 % 5.1 % Gramercy European Property Fund 3,491 8 158,863 9 Goodman UK JV 80.0 % 50.0 % Goodman Group 25,309 2 36,698 3 CBRE Strategic Partners Asia 5.07 % 5.07 % Various 4,145 2 5,508 2 Morristown JV 50.0 % 50.0 % 21 South Street 2,623 1 2,618 1 Strategic Office Partners 25.0 % 25.0 % TPG Real Estate 15,872 6 — — Total $ 101,807 46 $ 580,000 41 (1) The amounts presented include basis differences of $0 , $2,286 and $3,941 , net of accumulated amortization, for the Duke JV, Goodman Europe JV and Goodman UK JV, respectively, as of December 31, 2016 . The amounts presented include basis differences of $136,198 , $37,371 , and $6,578 , net of accumulated amortization, for the Duke JV, Goodman Europe JV, and Goodman UK JV, respectively, as of December 31, 2015 . (2) Includes European Fund Carry Co., which has a carrying value of $8 and $0 for the Company's 25.0% interest as of December 31, 2016 and December 31, 2015 , respectively. (3) As of December 31, 2016 , the Company has a 5.1% direct interest in the Goodman Europe JV as well as an indirect interest in the remaining 94.9% interest of Goodman Europe JV through its 14.2% interest in the Gramercy European Property Fund. In the table above, as of December 31, 2016 , the Company’s 94.9% interest in Goodman Europe JV held through its 14.2% interest in the Gramercy European Property Fund is included in the amount shown for the Gramercy European Property Fund and the Company’s 5.1% direct interest in the Goodman Europe JV is presented separately as the amount shown for the Goodman Europe JV. (4) The Duke JV was dissolved following the sale of its final property in July 2016. The Company’s ownership and voting interest in the Duke JV presented represent values prior to its dissolution.
Summary Investment Holdings	The following is a summary of the Company’s unconsolidated equity investments for the years ended December 31, 2016 and 2015 : 2016 2015 Balance at beginning of period $ 580,000 $ — Contributions to unconsolidated equity investments (1) 76,856 25,663 Unconsolidated equity investments acquired — 561,504 Equity in net income (loss) of unconsolidated equity investments, including adjustments for basis differences 2,409 (1,107 ) Other comprehensive loss of unconsolidated equity investments (7,264 ) (356 ) Distributions from unconsolidated equity investments (2) (411,837 ) (5,704 ) Purchase price allocations 5,000 — Gains on sale and dissolution of unconsolidated equity investment interests 12,570 — Sale of unconsolidated equity investments (151,546 ) — Receivable from dissolution of joint venture (644 ) — Reclassification of accumulated foreign currency translation adjustments due to disposal (3,737 ) — Balance at end of period $ 101,807 $ 580,000 (1) Includes the fair value of the six properties of $46,608 contributed by the Company to Strategic Office Partners. (2) Includes the fair value of the seven properties of $276,100 distributed by the Duke JV to the Company.
Schedule of Combined Balance Sheet for the Company's Joint Venture	The Consolidated Balance Sheets for the Company’s unconsolidated equity investments at December 31, 2016 are as follows: Gramercy European Property Fund (1) Goodman Europe JV Gramercy European Property Fund (2) Total Strategic Office Partners Goodman UK JV CBRE Strategic Partners Asia Other (3) Assets: Real estate assets, net (4) $ 285,087 $ 347,069 $ 632,156 $ 149,484 $ 25,128 $ 87,852 $ 49,580 Other assets 86,273 63,523 149,796 42,323 6,650 12,247 3,020 Total assets $ 371,360 $ 410,592 $ 781,952 $ 191,807 $ 31,778 $ 100,099 $ 52,600 Liabilities and members' equity: Mortgages payable $ 174,269 $ 215,980 $ 390,249 $ 121,894 $ — $ — $ 39,730 Other liabilities 7,778 19,940 27,718 4,347 934 14,383 3,259 Total liabilities 182,047 235,920 417,967 126,241 934 14,383 42,989 Gramercy Property Trust equity 12,734 41,116 53,850 15,872 25,309 4,145 2,631 Other members' equity 176,579 133,556 310,135 49,694 5,535 81,571 6,980 Liabilities and members' equity $ 371,360 $ 410,592 $ 781,952 $ 191,807 $ 31,778 $ 100,099 $ 52,600 (1) As of December 31, 2016, the Company has a 5.1% direct interest in the Goodman Europe JV as well as an indirect interest in the remaining 94.9% interest that is held through the Company’s 14.2% interest in the Gramercy European Property Fund. In the table above, the Company’s equity interest in the Goodman Europe JV includes both its direct 5.1% interest as well as its indirect interest that is held through its 14.2% interest in the Gramercy European Property Fund, and the Company’s equity interest in the Gramercy European Property Fund represents its interest in all of the properties owned by the Gramercy European Property Fund except for the properties in the Goodman Europe JV. (2) Excludes the Gramercy European Property Fund’s 94.9% interest in the Goodman Europe JV. (3) Includes the Philips JV, the Morristown JV, and European Fund Carry Co. (4) Includes basis adjustments that were recorded by the Company to adjust the unconsolidated equity investments to fair value upon closing of the Merger. The Consolidated Balance Sheets for the Company’s unconsolidated equity investmen ts at December 31, 2015 are as follows: Goodman Europe JV Gramercy European Property Fund Goodman UK JV Duke JV CBRE Strategic Partners Asia Other (1) Assets: Real estate assets, net (2) $ 276,925 $ 236,312 $ 42,584 $ 443,313 $ 109,554 $ 50,698 Other assets 42,139 39,983 3,427 32,739 9,337 15,954 Total assets $ 319,064 $ 276,295 $ 46,011 $ 476,052 $ 118,891 $ 66,652 Liabilities and members' equity: Mortgages payable $ 121,350 $ 143,616 $ — $ 56,105 $ — $ 40,424 Other liabilities 8,622 14,581 1,783 6,035 13,948 16,540 Total liabilities 129,972 158,197 1,783 62,140 13,948 56,964 Gramercy Property Trust equity 158,863 23,385 36,698 352,932 5,508 2,614 Other members' equity 30,229 94,713 7,530 60,980 99,435 7,074 Liabilities and members' equity $ 319,064 $ 276,295 $ 46,011 $ 476,052 $ 118,891 $ 66,652 (1) Includes the Philips JV, the Morristown JV, and European Fund Carry Co. (2) Includes basis adjustments that were recorded by the Company to adjust the unconsolidated equity investments to fair value upon closing of the Merger. Certain real estate assets in the Company’s unconsolidated equity investments are subject to mortgage loans. The following is a summary of the secured financing arrangements within the Company’s unconsolidated equity investments as of December 31, 2016 : Outstanding Balance (2) Property Unconsolidated Equity Investment Economic Ownership Interest Rate (1) Maturity Date December 31, 2016 December 31, 2015 Strategic Office Partners portfolio Strategic Office Partners 25.0% 4.25% 10/7/2019 $ 125,000 $ — Durrholz, Germany Gramercy European Property Fund 14.2% 1.52% 3/31/2020 12,289 12,937 Venray, Germany Gramercy European Property Fund 14.2% 3.32% 12/2/2020 13,015 13,578 Lille, France Gramercy European Property Fund 14.2% 3.13% 12/17/2020 27,081 27,970 Carlisle, United Kingdom Gramercy European Property Fund 14.2% 3.32% 2/19/2021 10,443 — Breda, Netherlands Gramercy European Property Fund 14.2% 1.88% 12/30/2022 9,948 7,796 Fredersdorf, Germany Gramercy European Property Fund 14.2% 2.07% 12/30/2022 11,247 11,783 Frechen, Germany Gramercy European Property Fund 14.2% 1.48% 12/30/2022 6,043 — Friedrichspark, Germany Gramercy European Property Fund 14.2% 2.07% 12/30/2022 8,694 9,109 Juechen, Germany Gramercy European Property Fund 14.2% 1.88% 12/30/2022 18,852 19,750 Kerkrade, Netherlands Gramercy European Property Fund 14.2% 2.07% 12/30/2022 9,622 10,081 Oud Beijerland, Netherlands Gramercy European Property Fund 14.2% 2.08% 12/30/2022 8,077 8,463 Piaseczno, Poland Gramercy European Property Fund 14.2% 1.97% 12/30/2022 8,141 8,522 Rotterdam, Netherlands Gramercy European Property Fund 14.2% 1.88% 12/30/2022 7,633 — Strykow, Poland Gramercy European Property Fund 14.2% 1.97% 12/30/2022 19,167 20,063 Uden, Netherlands Gramercy European Property Fund 14.2% 1.97% 12/30/2022 8,913 9,331 Zaandam, Netherlands Gramercy European Property Fund 14.2% 2.07% 12/30/2022 11,647 12,203 Meerane, Germany Gramercy European Property Fund 14.2% 1.34% 12/30/2022 10,138 — Amsterdam, Netherlands Gramercy European Property Fund 14.2% 1.58% 12/30/2022 3,093 — Tiel, Netherlands Gramercy European Property Fund 14.2% 1.58% 12/30/2022 9,174 — Netherlands portfolio (3) Gramercy European Property Fund 14.2% 3.02% 6/28/2023 13,409 — Kutno, Poland Gramercy European Property Fund 14.2% 1.91% 7/21/2023 5,890 — European Facility 1 (4), (5) Goodman Europe JV 18.6% (6) 0.92% 11/16/2023 31,551 93,380 European Facility 2 (4) Goodman Europe JV 18.6% (6) 1.75% 11/16/2023 106,917 — Worksop, United Kingdom Gramercy European Property Fund 14.2% 3.94% 10/20/2026 10,551 — Somerset, NJ Philips JV 25.0% 6.90% 9/11/2035 39,730 40,424 Lake Forest, IL Duke JV 80.0% N/A N/A — 8,823 Tampa, FL Duke JV 80.0% N/A N/A — 4,231 Fort Lauderdale, FL (7) Duke JV 80.0% N/A N/A — 43,051 Total mortgage notes payable $ 546,265 $ 361,495 Plus net deferred financing costs and net debt premium 5,608 — Total mortgage notes payable, net $ 551,873 $ 361,495 (1) Represents the current effective rate as of December 31, 2016 , including the swapped interest rate for loans that have interest rate swaps. The current interest rate is not adjusted to include the amortization of financing costs. (2) Mortgage loans amounts are presented at 100.0% of the amount in the unconsolidated equity investment. (3) Represents five properties under this mortgage loan. (4) There are eight properties under each of these loan facilities. (5) The balance shown as of December 31, 2015 represents the aggregate of the mortgage loans encumbered by four properties held in the Goodman Europe JV as of December 31, 2015 . The Goodman Europe JV debt was restructured in the fourth quarter of 2016. (6) Represents the Company’s economic ownership in the Goodman Europe JV, which includes both its 5.1% direct interest in the Goodman Europe JV as well as an indirect interest in the remaining 94.9% interest that is held through the Company’s 14.2% interest in the Gramercy European Property Fund. (7) Represents four properties under this mortgage loan.
Schedule of Combined Income Statement for the Company's Joint Venture	The statements of operations for the unconsolidated equity investments for the year ended December 31, 2016 or partial period for acquisitions or dispositions which closed during period, are as follows: Goodman Europe JV Gramercy European Property Fund Total Strategic Office Partners Goodman UK JV Duke JV CBRE Strategic Partners Asia Other (2) Revenues $ 24,221 $ 25,834 $ 50,055 $ 6,614 $ 5,911 $ 19,812 $ (19,053 ) $ 4,336 Operating expenses 2,825 5,034 7,859 1,844 1,000 5,309 1,535 466 Acquisition expenses 4,960 5,826 10,786 635 — — — 27 Interest expense 3,128 4,250 7,378 1,757 — 602 — 2,831 Depreciation and amortization 10,967 10,991 21,958 3,440 1,681 7,154 — 1,331 Total expenses 21,880 26,101 47,981 7,676 2,681 13,065 1,535 4,655 Net income (loss) from operations 2,341 (267 ) 2,074 (1,062 ) 3,230 6,747 (20,588 ) (319 ) Gain (loss) on derivatives — (3,551 ) (3,551 ) 510 — — — — Gain (loss) on extinguishment of debt 717 — 717 — — (7,962 ) — — Net gain on disposals — — — — 9,421 66,705 — — Provision for taxes (54 ) (1,207 ) (1,261 ) — (81 ) — — — Net income (loss) $ 3,004 $ (5,025 ) $ (2,021 ) $ (552 ) $ 12,570 $ 65,490 $ (20,588 ) $ (319 ) Company's share in net income (loss) $ 606 $ (1,025 ) $ (419 ) $ (77 ) $ 10,057 $ 50,424 $ (1,053 ) $ 1 Adjustments for REIT basis 686 — 686 — (2,820 ) (54,390 ) — — Company's equity in net income (loss) within continuing operations $ 1,292 $ (1,025 ) $ 267 $ (77 ) $ 7,237 $ (3,966 ) $ (1,053 ) $ 1 (1) On May 31, 2016, the Gramercy European Property Fund acquired a 20.0% interest in the Goodman Europe JV and on June 30, 2016, the Gramercy European Property Fund acquired 74.9% of the Company’s 80.0% interest in the Goodman Europe JV. As of September 30, 2016, the Company has a 5.1% direct interest in the Goodman Europe JV as well as an indirect interest in the remaining 94.9% interest that is held through the Company’s 14.2% interest in the Gramercy European Property Fund. For the year ended December 31, 2016 , the Company’s equity in net income (loss) from the entities is based on these ownership interest percentages during the period. (2) Includes the Philips JV, the Morristown JV, and European Fund Carry Co. The statements of operations for the unconsolidated equity investments for the years ended December 31, 2015 and 2014 or partial period for acquisitions or dispositions which closed during these periods, are as follows: Year Ended December 31, 2015 (1) Year Ended European Unconsolidated Equity Investments (2) Duke JV Other (3) Total All Unconsolidated Equity Investments (4) Revenues $ 6,172 $ 1,853 $ 4,108 $ 12,133 $ 32,648 Operating expenses 2,650 565 90 3,305 14,204 Acquisition expenses 7,865 — — 7,865 — Interest expense 808 113 2,322 3,243 6,130 Depreciation and amortization 2,590 700 1,341 4,631 8,671 Total expenses 13,913 1,378 3,753 19,044 29,005 Net income (loss) from operations (7,741 ) 475 355 (6,911 ) 3,643 Loss on derivatives (1,090 ) — — (1,090 ) — Net gain on disposals — — — — (215 ) Provision for taxes (37 ) — (12 ) (49 ) (41 ) Net income (loss) $ (8,868 ) $ 475 $ 343 $ (8,050 ) $ 3,387 Company's share in net income (loss) $ (1,583 ) $ 380 $ 406 $ (797 ) $ 1,959 Adjustments for REIT basis (72 ) (183 ) (55 ) (310 ) — Company's equity in net income (loss) within continuing operations $ (1,655 ) $ 197 $ 351 $ (1,107 ) $ 1,959 (1) The results of operations of the investments acquired as part of the Merger with Chambers, including the Duke JV, Goodman Europe JV, Goodman UK JV, and CBRE Strategic Partners Asia, are included for the post-merger period from December 18, 2015 through December 31, 2015. (2) Includes the Gramercy European Property Fund and Goodman Europe JV. (3) Includes the Philips JV, Morristown JV, Goodman UK JV, and CBRE Strategic Partners Asia. (4) The results of operations for the year ended December 31, 2014 include the year of results from Philips JV and Bank of America joint venture’s results for the period January 1, 2014 through June 9, 2014. Subsequent to the Company’s acquisition of the remaining 50.0% equity interest in the Bank of America Portfolio, the results of operations for the Bank of America Portfolio are consolidated into the Company’s Consolidated Statements of Operations.

Debt Obligations (Tables)

Debt Obligations (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of Mortgage Notes Payable	The following is a summary of the Company’s secured financing arrangements as of December 31, 2016 : Property Interest Rate (1) Maturity Date Outstanding Balance December 31, December 31, Buford, GA 4.67% 7/1/2017 $ 15,512 $ 15,947 Woodcliff Lake, NJ 3.04% 9/15/2017 35,366 36,681 Logistics Portfolio - Pool 2 (2) 4.48% 1/1/2018 36,279 — Dallas, TX (3) 3.05% 3/1/2018 9,540 9,754 Cincinnati, KY (3) 3.29% 3/1/2018 6,628 6,777 Jacksonville, FL (3) 3.05% 3/1/2018 6,852 7,006 Phoenix, AZ (3) 3.05% 3/1/2018 4,120 4,213 Minneapolis, MN (3) 3.05% 3/1/2018 6,001 6,136 Ames, IA 5.05% 5/1/2018 16,436 16,900 Columbus, OH 3.57% 5/31/2018 19,708 20,644 Greenwood, IN 3.59% 6/15/2018 7,436 7,610 Greenfield, IN 3.63% 6/15/2018 6,010 6,150 Logistics Portfolio - Pool 3 (2) 3.96% 8/1/2018 43,300 — Philadelphia, PA 4.99% 1/1/2019 12,328 12,696 Columbus, OH 3.94% 1/31/2019 5,908 6,094 Bridgeview, IL 3.90% 5/1/2019 6,014 — KIK Canada Portfolio (2) 3.95% 5/5/2019 7,914 — Spartanburg, SC 3.20% 6/1/2019 1,025 1,398 Charleston, SC 3.11% 8/1/2019 986 1,486 Lawrence, IN 5.02% 1/1/2020 20,703 21,371 Charlotte, NC 3.28% 1/1/2020 2,217 2,859 Hawthorne, CA 3.52% 8/1/2020 17,638 18,108 Charleston, SC 2.97% 10/1/2020 984 1,210 Charleston, SC 3.37% 10/1/2020 984 1,210 Charleston, SC 3.32% 10/1/2020 1,001 1,230 Charlotte, NC 3.38% 10/1/2020 853 1,049 Des Plaines, IL 5.54% 10/31/2020 2,463 2,537 Waco, TX 4.75% 12/19/2020 15,187 15,485 Property Interest Rate (1) Maturity Date Outstanding Balance December 31, December 31, Deerfield, IL 3.71% 1/1/2021 10,804 11,145 Winston-Salem, NC 3.41% 6/1/2021 4,199 4,998 Winston-Salem, NC 3.42% 7/1/2021 1,388 1,647 Logistics Portfolio - Pool 1 (2) 4.29% 1/1/2022 39,002 — CCC Portfolio (2) 4.46% 10/6/2022 23,280 — Logistics Portfolio - Pool 4 (2) 4.36% 12/5/2022 79,500 — KIK USA Portfolio (2) 4.58% 7/6/2023 7,450 — Yuma, AZ 5.27% 12/6/2023 12,058 12,247 Allentown, PA 5.16% 1/6/2024 23,078 23,443 Spartanburg, SC 3.72% 2/1/2024 6,360 7,040 Charleston, SC 3.80% 2/1/2025 6,658 7,277 Hackettstown, NJ 4.95% 3/6/2026 9,550 — Hutchins, TX 7.65% 6/1/2029 22,764 23,870 Wilson, NC N/A N/A — 8,603 Dividend Capital Portfolio (2) N/A N/A — 126,161 Charlotte, NC N/A N/A — 13,025 Coppell, TX N/A N/A — 10,391 Jersey City, NJ (4) N/A N/A — 112,000 Jersey City, NJ (4) N/A N/A — 101,726 Blue Ash, OH (4) N/A N/A — 14,896 Blue Ash, OH (4) N/A N/A — 13,139 Blue Ash, OH (4) N/A N/A — 12,485 Bloomington, MN N/A N/A — 19,824 Bloomington, MN N/A N/A — 21,825 Total mortgage notes payable 555,484 770,293 Net deferred financing costs and net debt premium (5) 3,158 20,633 Total mortgage notes payable, net 558,642 790,926 Less mortgage notes payable, net on assets held for sale — (260,704 ) Total mortgage notes payable, net $ 558,642 $ 530,222 (1) Represents the rate at which interest expense is recorded for financial reporting purposes as of December 31, 2016, which reflects the effect of interest rate swaps and amortization of financing costs and fair market value premiums or discounts. (2) There are five properties under the Logistics Portfolio - Pool 2 loan, two properties under the Logistics Portfolio - Pool 3 loan, two properties under the KIK Canada Portfolio loan, three properties under the Logistics Portfolio - Pool 1 loan, five properties under the CCC Portfolio loan, six properties under the Logistics Portfolio - Pool 4 loan, three properties under the KIK USA Portfolio loan, and 11 properties under the Dividend Capital Portfolio loan. (3) These five mortgage loans are cross-collateralized. (4) These mortgage loans are related to properties that are classified as held for sale as of December 31, 2015, and accordingly the mortgage loans are included within liabilities related to assets held for sale on the Consolidated Balance Sheet. These properties were sold and their loans were paid off during the first quarter of 2016. (5) During the first quarter of 2016, the Company adopted accounting guidance related to the presentation of deferred financing costs on the balance sheet and reclassified amounts from the asset section to instead be netted against the corresponding debt liability for all periods presented, including for mortgage notes payable, as shown here. See Note 2 for further information on the reclassification of deferred financing costs.
Components of Unsecured Debt Obligations	The terms of the Company’s unsecured debt obligations and outstanding balances as of December 31, 2016 and 2015 are set forth in the table below: Stated Interest Rate Effective Interest Rate (1) Maturity Date Outstanding Balance December 31, 2016 2015 2015 Revolving Credit Facility - U.S. dollar tranche 1.64% 1.64% 1/8/2020 $ — $ 275,000 2015 Revolving Credit Facility - Multicurrency tranche 1.02% 1.02% 1/8/2020 65,837 21,724 3-Year Term Loan 1.85% 2.33% 1/8/2019 300,000 300,000 5-Year Term Loan 1.85% 2.70% 1/8/2021 750,000 750,000 7-Year Term Loan 2.14% 3.34% 1/9/2023 175,000 175,000 2015 Senior Unsecured Notes (2) 4.97% 5.07% 12/17/2024 150,000 100,000 2016 Senior Unsecured Notes 3.89% 4.00% 12/15/2022 150,000 — 2016 Senior Unsecured Notes 4.26% 4.37% 12/15/2025 100,000 — 2016 Senior Unsecured Notes 4.32% 4.43% 12/15/2026 100,000 — Exchangeable Senior Notes 3.75% 6.36% 3/15/2019 115,000 115,000 Total unsecured debt 1,905,837 1,736,724 Deferred financing costs and net debt discount (9,704 ) (9,295 ) Total unsecured debt, net $ 1,896,133 $ 1,727,429 (1) Represents the rate at which interest expense is recorded for financial reporting purposes as of December 31, 2016, which reflects the effect of interest rate swaps and amortization of financing costs and fair market value premiums or discounts. (2) There was $100,000 initially issued and sold of the 2015 Senior Unsecured Notes in December 2015 and an additional amount of $50,000 issued and sold with the same terms in January 2016.
Schedule of Maturities of Long-term Debt	Combined aggregate principal maturities of the Company's unsecured debt obligations, non-recourse mortgages, unsecured notes, and Exchangeable Senior Notes, in addition to associated interest payments, as of December 31, 2016 are as follows: 2015 Term Loans Mortgage Notes Payable (1) Senior Unsecured Notes Exchangeable Senior Notes Interest Payments Total 2017 $ — $ — $ 65,616 $ — $ — $ 77,676 $ 143,292 2018 — — 171,096 — — 78,412 249,508 2019 — 300,000 40,834 — 115,000 68,102 523,936 2020 65,837 — 60,028 — — 65,495 191,360 2021 — 750,000 16,285 — — 39,555 805,840 Thereafter — 175,000 201,625 500,000 — 88,925 965,550 Above market interest — — — — — (6,546 ) (6,546 ) Total $ 65,837 $ 1,225,000 $ 555,484 $ 500,000 $ 115,000 $ 411,619 $ 2,872,940 (1) Mortgage loan payments reflect accelerated repayment dates, when applicable, pursuant to related loan agreement.

Leasing Agreements (Tables)

Leasing Agreements (Tables)	12 Months Ended
	Dec. 31, 2016
Leases, Operating [Abstract]
Schedule of Future Minimum Rental Payments for Lease Agreements	Future minimum rental revenues under non-cancelable leases, excluding reimbursements for operating expenses, as of December 31, 2016 are as follows: Operating Leases 2017 $ 381,147 2018 380,280 2019 353,816 2020 323,931 2021 298,444 Thereafter 1,599,561 Total minimum lease rental income $ 3,337,179

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2016
Schedule of Carrying Value and Fair Value of Financial Instruments	The following table presents the carrying value in the financial statements and approximate fair value of assets and liabilities measured on a recurring and non-recurring basis at December 31, 2016 and 2015 : December 31, 2016 December 31, 2015 Carrying Value Fair Value Carrying Value Fair Value Financial assets: Interest rate swaps $ 3,769 $ 3,769 $ — $ — Retained CDO Bonds $ 11,906 $ 11,906 $ 7,471 $ 7,471 Investment in CBRE Strategic Partners Asia $ 4,145 $ 4,145 $ 5,508 $ 5,508 Real estate investments (1) $ 2,413 $ 2,413 $ 393,984 $ 393,984 Financial liabilities: Derivative instruments $ — $ — $ 3,442 $ 3,442 Interest rate swaps $ 700 $ 700 $ — $ — Long term debt Revolving credit facilities (2) $ 65,837 $ 65,897 $ 296,724 $ 297,394 3-Year Term Loan (2) $ 300,000 $ 300,213 $ 300,000 $ 300,349 5-Year Term Loan (2) $ 750,000 $ 750,959 $ 750,000 $ 751,304 7-Year Term Loan (2) $ 175,000 $ 172,850 $ 175,000 $ 175,338 Mortgage notes payable (2),(3) $ 558,642 $ 567,705 $ 770,293 $ 805,590 Senior Unsecured Notes (2) $ 496,464 $ 498,650 $ 100,000 $ 100,528 Exchangeable Senior Notes (2) $ 108,832 $ 115,625 $ 109,394 $ 115,524 (1) Amounts as of December 31, 2016 represent one real estate investment impaired during 2016 and amounts as of December 31, 2015 represent six real estate investments classified as held for sale at Merger closing. (2) Long-term debt instruments are classified as Level III due to the significance of unobservable inputs which are based upon management assumptions. (3) Amounts as of December 31, 2015, include mortgage notes payable on assets held for sale, which had total carrying value of $260,704 and total fair value of $263,308 .
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	Assets and liabilities measured at fair value on a recurring basis and on a non-recurring basis are categorized in the table below based upon the lowest level of significant input to the valuations. At December 31, 2016 Total Level I Level II Level III Financial Assets: Retained CDO Bonds $ 11,906 $ — $ — $ 11,906 Real estate investments 2,413 — — 2,413 Investment in CBRE Strategic Partners Asia 4,145 — — 4,145 Interest rate swaps 3,769 — — 3,769 $ 22,233 $ — $ — $ 22,233 Financial Liabilities: Derivative instruments: Interest rate swaps $ (700 ) $ — $ — $ (700 ) $ (700 ) $ — $ — $ (700 ) At December 31, 2015 Total Level I Level II Level III Financial Assets: Retained CDO Bonds $ 7,471 $ — $ — $ 7,471 Investment in CBRE Strategic Partners Asia 5,508 — — 5,508 Real estate investments classified as held for sale at Merger closing 393,984 — — 393,984 $ 406,963 $ — $ — $ 406,963 Financial Liabilities: Derivative instruments: Interest rate swaps $ 3,442 $ — $ — $ 3,442 $ 3,442 $ — $ — $ 3,442
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following rollforward table reconciles the beginning and ending balances of financial assets (liabilities) measured at fair value on a recurring basis using Level III inputs as of December 31, 2016 : Retained CDO Bonds Investment in Interest Rate Swaps Total Balance at December 31, 2015 $ 7,471 $ 5,508 $ (3,442 ) $ 9,537 Amortization of discounts or premiums 1,746 — — 1,746 Adjustments to fair value: Termination of derivative instrument (1) — — 8 8 Ineffective portion of change in derivative instruments — — 869 869 Unrealized gain on derivatives — — 5,634 5,634 Unrealized gain in other comprehensive income from fair value adjustment 2,689 — — 2,689 Total income on fair value adjustments — (1,049 ) — (1,049 ) Purchase price allocation adjustments — (314 ) — (314 ) Balance at December 31, 2016 $ 11,906 $ 4,145 $ 3,069 $ 19,120 (1) The Company terminated one interest rate swap in connection with repayment of the related mortgage loan, and as a result of this termination, the Company recorded a loss of $8 for the year ended December 31, 2016.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following rollforward table reconciles the beginning and ending balances of financial assets (liabilities) measured at fair value on a recurring basis using Level III inputs as of December 31, 2016 : Retained CDO Bonds Investment in Interest Rate Swaps Total Balance at December 31, 2015 $ 7,471 $ 5,508 $ (3,442 ) $ 9,537 Amortization of discounts or premiums 1,746 — — 1,746 Adjustments to fair value: Termination of derivative instrument (1) — — 8 8 Ineffective portion of change in derivative instruments — — 869 869 Unrealized gain on derivatives — — 5,634 5,634 Unrealized gain in other comprehensive income from fair value adjustment 2,689 — — 2,689 Total income on fair value adjustments — (1,049 ) — (1,049 ) Purchase price allocation adjustments — (314 ) — (314 ) Balance at December 31, 2016 $ 11,906 $ 4,145 $ 3,069 $ 19,120 (1) The Company terminated one interest rate swap in connection with repayment of the related mortgage loan, and as a result of this termination, the Company recorded a loss of $8 for the year ended December 31, 2016.
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Valuation Techniques	Quantitative information regarding the valuation techniques and the range of significant unobservable Level III inputs used to determine fair value measurements on a recurring basis as of December 31, 2016 are as follows: Financial Asset (Liability) Fair Value Valuation Technique Unobservable Inputs Range Non-investment grade, subordinate CDO bonds $ 11,906 Discounted cash flows Discount rate 16.50% Interest rate swaps (1) $ 3,069 Hypothetical derivative method Credit borrowing spread 125 to 245 basis points Investment in CBRE Strategic Partners Asia $ 4,145 Discounted cash flows Discount rate 20.00% (1) Fair value includes interest rate swap liabilities with an aggregate value of $700 .

Derivative and Hedging Instru40

Derivative and Hedging Instruments (Tables)	12 Months Ended
	Dec. 31, 2016
Derivative Instrument Detail [Abstract]
Schedule of Derivative Instruments	The following table summarizes the Company’s derivative and non-derivative hedging instruments at December 31, 2016 : Benchmark Rate Notional Value Strike Rate Effective Date Expiration Date Fair Value Interest Rate Swap - Waco 1 mo. USD-LIBOR-BBA 15,187 USD 4.55% 12/19/2013 12/19/2020 $ (441 ) Interest Rate Swap - Atrium I 1 mo. USD-LIBOR-BBA 19,708 USD 1.78% 8/16/2011 5/31/2018 (181 ) Interest Rate Swap - Easton III 1 mo. USD-LIBOR-BBA 5,908 USD 1.95% 8/16/2011 1/31/2019 (78 ) Interest Rate Swap - 3-Year Term Loan 1 mo. USD-LIBOR-BBA 100,000 USD 1.22% 12/19/2016 12/17/2018 109 Interest Rate Swap - 3-Year Term Loan 1 mo. USD-LIBOR-BBA 100,000 USD 1.23% 12/19/2016 12/17/2018 100 Interest Rate Swap - 3-Year Term Loan 1 mo. USD-LIBOR-BBA 100,000 USD 1.24% 12/19/2016 12/17/2018 79 Interest Rate Swap - 5-Year Term Loan 1 mo. USD-LIBOR-BBA 750,000 USD 1.60% 12/17/2015 12/17/2020 2,552 Interest Rate Swap - 7-Year Term Loan 1 mo. USD-LIBOR-BBA 175,000 USD 1.82% 12/17/2015 1/9/2023 929 Net Investment Hedge in EUR-denominated investments USD-EUR exchange rate 45,000 EUR N/A 9/28/2015 N/A — Net Investment Hedge in GBP-denominated investments USD-GBP exchange rate 15,000 GBP N/A 7/15/2016 N/A — Total hedging instruments $ 3,069

Stockholders' Equity (Deficit)

Stockholders' Equity (Deficit) (Tables)	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Dividends Paid	For the year ended December 31, 2016 , the Company’s common dividends are as follows: Quarter Ended Record Date Payment Date Common dividend per share Preferred dividend per share March 31, 2016 March 31, 2016 April 15, 2016 $ 0.330 $ 0.445 June 30, 2016 June 30, 2016 July 15, 2016 $ 0.330 $ 0.445 September 30, 2016 September 30, 2016 October 14, 2016 $ 0.330 $ 0.445 December 31, 2016 December 30, 2016 January 13, 2017 $ 0.375 $ 0.445
Schedule of Share-based Compensation, Activity, Equity Awards Excluding Options	A summary of the Company’s restricted share units and restricted share awards as of December 31, 2016 is presented below: December 31, 2016 Nonvested awards at beginning of period 450,355 Granted 150,736 Vested (184,138 ) Lapsed or canceled (33 ) Nonvested awards at end of period 416,920
Schedule of Share-based Compensation, Stock Options, Activity	A summary of the Company’s options as of December 31, 2016 , 2015 , and 2014 is presented below: December 31, 2016 December 31, 2015 December 31, 2014 Options Outstanding Weighted Average Exercise Price Options Outstanding Weighted Average Exercise Price Options Outstanding Weighted Average Exercise Price Balance at beginning of period 112,477 $ 35.04 54,998 $ 48.24 90,665 $ 55.29 Granted — — 59,011 22.23 7,975 21.78 Exercised (15,948 ) 10.51 — — (7,975 ) 11.37 Lapsed or canceled (11,921 ) 65.68 (1,532 ) 14.76 (35,667 ) 68.58 Balance at end of period 84,608 $ 35.36 112,477 $ 35.04 54,998 $ 48.24
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The fair value of each share option granted is estimated on the date of grant for options issued to employees, and quarterly awards to non-employees, using the Black-Scholes option pricing model. There were no options granted in 2016 . The following weighted average assumptions were used for grants in 2015 and 2014: 2015 2014 Dividend yield 5.63 % 2.50 % Expected life of option 2.8 years 5.0 years Risk-free interest rate 1.20 % 1.81 % Expected share price volatility 25.5 % 41.00 %
Schedule of Calculation of Numerator and Denominator in Earnings Per Share	Basic and Diluted EPS for the years ended December 31, 2016 , 2015 , and 2014 are computed as follows: Year Ended December 31, 2016 2015 2014 Numerator – Income (loss): Net income (loss) from continuing operations $ 18,748 $ (50,433 ) $ 55,193 Net income (loss) from discontinued operations 5,399 875 (524 ) Income (loss) before gains on disposals 24,147 (49,558 ) 54,669 Net gains on disposals 3,877 839 — Gain on sale of European unconsolidated equity investment interests held with a related party 5,341 — — Net income (loss) 33,365 (48,719 ) 54,669 Less: Net (income) loss attributable to noncontrolling interest (7 ) 791 236 Less: Preferred share redemption costs — — (2,912 ) Less: Nonforfeitable dividends allocated to participating shareholders (841 ) (104 ) (13 ) Less: Preferred share dividends (6,234 ) (6,234 ) (7,349 ) Net income (loss) available to common shares outstanding $ 26,283 $ (54,266 ) $ 44,631 Denominator – Weighted average shares: Weighted average basic shares outstanding 140,192,424 60,698,716 27,860,728 Effect of dilutive securities: Unvested non-participating share based payment awards 35,144 — 334,915 Options 14,179 — 13,933 Phantom shares — — 157,439 Outside interests in the Operating Partnership — — 274,821 Exchangeable Senior Notes 767,274 — — Weighted average diluted shares outstanding 141,009,021 60,698,716 28,641,836
Schedule of Accumulated Other Comprehensive Income (Loss)	Accumulated other comprehensive income (loss) as of December 31, 2016 , 2015 and 2014 is comprised of the following: As of December 31, 2016 2015 2014 Net unrealized loss on derivative securities $ (440 ) $ (6,074 ) $ (3,189 ) Net unrealized gain (loss) on debt instruments 3,699 1,010 (466 ) Foreign currency translation adjustments: Gain on non-derivative net investment hedges (1) 5,168 14 — Write-off on non-derivative net investment hedge (652 ) — — Other foreign currency translation adjustments (11,252 ) (656 ) (48 ) Reclassification of accumulated foreign currency translation adjustments due to disposal (3,737 ) — — Disposition of European Investment 1,944 — — Reclassification of swap gain (loss) into interest expense 1,142 (45 ) — Total accumulated other comprehensive loss $ (4,128 ) $ (5,751 ) $ (3,703 ) (1) The for

Noncontrolling Interest (Tables

Noncontrolling Interest (Tables)	12 Months Ended
	Dec. 31, 2016
Noncontrolling Interest [Abstract]
Noncontrolling Interest in the Operating Partnership	Below is the rollforward of the activity relating to the noncontrolling interests in the Operating Partnership as of December 31, 2016 and 2015: As of December 31, 2016 2015 Balance at beginning of period $ 10,892 $ 16,129 Redemption of noncontrolling interests in the Operating Partnership (4,159 ) (3,788 ) Net income (loss) attribution 84 (376 ) Fair value adjustments 2,404 (739 ) Dividends (578 ) (334 ) Balance at end of period $ 8,643 $ 10,892 Interests in Other Operating Partnerships In connection with the Company’s December 2014 investment in the Gramercy European Property Fund, the Company acquired a 50.0% equity interest in European Fund Manager, which provides investment and asset management services to Gramercy European Property Fund. European Fund Manager is a VIE of the Company and is consolidated into its Consolidated Financial Statements. Refer to Note 2 for further discussion of the VIE and consolidation considerations. As of December 31, 2016 and 2015 , the value of the Company’s interest in European Fund Manager was $(321) and $(249) , respectively. The Company’s interest in European Fund Manager is presented in the equity section of the Company’s Consolidated Financial Statements.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments	Future minimum rental payments to be made by the Company under these noncancelable ground leases, excluding increases resulting from increases in the consumer price index, are as follows: Ground Leases - Operating Ground Leases - Capital Total 2017 $ 2,247 $ — $ 2,247 2018 2,262 1 2,263 2019 2,271 — 2,271 2020 2,263 — 2,263 2021 2,231 — 2,231 Thereafter 61,857 329 62,186 Total minimum rent expense $ 73,131 $ 330 $ 73,461

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The Company’s provision for income taxes for the years ended December 31, 2016 , 2015 , and 2014 is summarized as follows: Year Ended December 31, 2016 2015 2014 Current: Federal $ (2,198 ) $ (859 ) $ (1,235 ) State and local (962 ) (1,009 ) 323 Total current (3,160 ) (1,868 ) (912 ) Deferred: Federal — (228 ) 197 State and local — (57 ) (94 ) Total deferred — (285 ) 103 Total income tax expense $ (3,160 ) $ (2,153 ) $ (809 )
Schedule of Effective Income Tax Rate Reconciliation	The income tax provision differs from the amount computed by applying the statutory federal income tax rate to pretax operating income, as follows: Year Ended December 31, 2016 2015 2014 Income tax expense at federal statutory rate $ (12,781 ) $ 16,020 $ (19,500 ) Tax effect of REIT election 10,583 (17,328 ) 18,501 State and local taxes, net of federal benefit (953 ) (839 ) 194 Permanent difference (9 ) (6 ) (4 ) Valuation allowance — — — Total income tax provision $ (3,160 ) $ (2,153 ) $ (809 )

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Schedule of Evaluation of Performance Based on Financials Measure for Each Segment	The Company evaluates performance based on the following financial measures for each segment: Asset Management Investments / Corporate Total Company Year ended December 31, 2016 Total revenues $ 36,039 $ 481,225 $ 517,264 Equity in net income from unconsolidated equity investments — 2,409 2,409 Total operating and interest expense (1) (21,660 ) (451,337 ) (472,997 ) Other income (expenses) (2) (2,547 ) (25,381 ) (27,928 ) Net income from continuing operations (3) $ 11,832 $ 6,916 $ 18,748 Asset Management Investments / Corporate Total Company Year ended December 31, 2015 Total revenues $ 22,248 $ 215,024 $ 237,272 Equity in net loss from unconsolidated equity investments — (1,107 ) (1,107 ) Total operating and interest expense (1) (20,212 ) (254,761 ) (274,973 ) Other income (expenses) (2) (1,482 ) (10,143 ) (11,625 ) Net income (loss) from continuing operations (3) $ 554 $ (50,987 ) $ (50,433 ) Asset Management Investments / Corporate Total Company Year ended December 31, 2014 Total revenues $ 25,033 $ 82,907 $ 107,940 Equity in net income from unconsolidated equity investments — 1,959 1,959 Total operating and interest expense (1) (20,319 ) (95,882 ) (116,201 ) Other income (expenses) (2) (809 ) 62,304 61,495 Net income from continuing operations (3) $ 3,905 $ 51,288 $ 55,193 Asset Management Investments / Corporate Total Company Total Assets: December 31, 2016 $ 21,004 $ 5,582,523 $ 5,603,527 December 31, 2015 $ 5,882 $ 5,828,636 $ 5,834,518 (1) Total operating and interest expense includes operating costs on commercial property assets for the Investments/Corporate segment and costs to perform required functions under the management agreements for the Asset Management segment. Depreciation and amortization expense of $241,527 , $97,654 , and $36,408 for the years ended December 31, 2016 , 2015 , and 2014 , respectively are included in the operating and interest expense amounts presented above. (2) Other income (expenses) includes net impairment recognized in earnings of $0 , $0 , and $(4,816) , loss on derivative instruments of $0 , $0 , and $(3,300) , gain on remeasurement of previously held unconsolidated equity investment interests of $7,229 , $0 , and $0 , loss on extinguishment of debt of $(20,890) , $(9,472) , and $(1,925) , impairment of real estate investments $(11,107) , $0 , and $0 , and provision for taxes of $(3,160) , $(2,153) , and $(809) , respectively, for the years ended December 31, 2016 , 2015 , and 2014 . (3) Net income (loss) from continuing operations represents income (loss) before discontinued operations.

Supplemental Cash Flow Inform46

Supplemental Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2016
Supplemental Cash Flow Elements [Abstract]
Schedule of Non Cash Activities Recognized in Other Comprehensive Loss	The following table represents supplemental cash flow disclosures for the years ended December 31, 2016 , 2015 , and 2014 : Year Ended December 31, 2016 2015 2014 Supplemental cash flow disclosures: Interest paid $ 77,081 $ 30,303 $ 12,096 Income taxes paid 2,906 1,730 1,565 Proceeds from 1031 exchanges from sale of real estate 723,863 — — Use of funds from 1031 exchanges for acquisitions of real estate (723,831 ) — — Non-cash activity: Net assets acquired in Merger in exchange for common stock $ — $ 1,829,241 $ — Common stock registered in exchange for net assets acquired in Merger — 1,829,241 — Consolidation of real estate investments - unconsolidated equity investment interests — — 106,294 Real estate acquired for units of noncontrolling interests in the Operating Partnership — — 22,670 Fair value adjustment to noncontrolling interest in the Operating Partnership 2,404 (769 ) 2,636 Debt assumed in acquisition of real estate 244,188 618,169 45,607 Debt transferred in disposition of real estate (101,432 ) — — Distribution of real estate assets from unconsolidated equity investment 263,015 — — — Treasury securities transferred in connection with defeasance of notes payable (144,063 ) — — Transfer of defeased note payable 124,605 — — Contribution of real estate assets as investment in unconsolidated equity investments (182,168 ) — — Common stock issued for acquisition of Gramercy Europe Asset Management — — 652 Redemption of units of noncontrolling interest in the Operating Partnership for common shares (4,159 ) (3,784 ) (8,727 )

Selected Quarterly Financial 47

Selected Quarterly Financial Data (Tables)	12 Months Ended
	Dec. 31, 2016
Selected Quarterly Financial Information [Abstract]
Schedule of Quarterly Financial Information	The following tables summarize the Company's quarterly financial information for the years ended December 31, 2016 and 2015 : 2016 Quarter Ended December 31, September 30, June 30, March 31, Total revenues $ 126,202 $ 131,092 $ 139,425 $ 120,545 Operating Income 25,460 31,297 37,469 25,475 Interest expense (18,163 ) (18,409 ) (16,909 ) (21,953 ) Equity in net income (loss) of unconsolidated equity investments 6,470 (1,138 ) (168 ) (2,755 ) Gain on dissolution of previously held U.S. unconsolidated equity investment interests — — 7,229 — Loss on extinguishment of debt — (13,777 ) (1,356 ) (5,757 ) Impairment of real estate investments (10,054 ) (1,053 ) — — Provision for taxes 574 (331 ) (2,700 ) (703 ) Income (loss) from continuing operations 4,287 (3,411 ) 23,565 (5,693 ) Income from discontinued operations 354 347 58 4,640 Income (loss) before net gain on disposals 4,641 (3,064 ) 23,623 (1,053 ) Gain on sale of European unconsolidated equity investment interests held with a related party — — 5,341 — Net gain on disposals 1,541 2,336 — — Net income (loss) 6,182 (728 ) 28,964 (1,053 ) Net income (loss) attributable to noncontrolling interest 145 (221 ) (51 ) 120 Net income (loss) attributable to Gramercy Property Trust 6,327 (949 ) 28,913 (933 ) Preferred share dividends (1,558 ) (1,559 ) (1,558 ) (1,559 ) Net income (loss) available to common shareholders $ 4,769 $ (2,508 ) $ 27,355 $ (2,492 ) Basic earnings per share: Net income (loss) from continuing operations and after preferred dividends $ 0.03 $ (0.02 ) $ 0.19 $ (0.05 ) Net income from discontinued operations — — — 0.03 Net income (loss) available to common shareholders $ 0.03 $ (0.02 ) $ 0.19 $ (0.02 ) Diluted earnings per share: Net income (loss) from continuing operations and after preferred dividends $ 0.03 $ (0.02 ) $ 0.19 $ (0.05 ) Net income from discontinued operations — — — 0.03 Net income (loss) available to common $ 0.03 $ (0.02 ) $ 0.19 $ (0.02 ) Basic weighted average common shares outstanding 140,298,149 140,257,503 140,776,976 140,060,405 Diluted weighted average common shares outstanding 141,228,218 140,257,503 142,514,202 140,060,405 2015 Quarter Ended (1) December 31, September 30, June 30, March 31, Total revenues $ 69,977 $ 65,213 $ 54,147 $ 47,935 Operating Income (Loss) (30,429 ) 12,967 7,015 7,409 Interest expense (11,438 ) (9,227 ) (7,728 ) (6,270 ) Equity in net income (loss) of unconsolidated equity investments (133 ) (1,096 ) 123 (1 ) Loss on extinguishment of debt (9,472 ) — — — Provision for taxes (37 ) (985 ) (17 ) (1,114 ) Income (loss) from continuing operations (51,509 ) 1,659 (607 ) 24 Income from discontinued operations 858 (41 ) 120 (62 ) Income (loss) before net gain on disposals (50,651 ) 1,618 (487 ) (38 ) Net gain on disposals 246 392 201 — Net income (loss) (50,405 ) 2,010 (286 ) (38 ) Net income (loss) attributable to noncontrolling interest 748 (20 ) 21 42 Net income (loss) attributable to Gramercy Property Trust (49,657 ) 1,990 (265 ) 4 Preferred share dividends (1,558 ) (1,559 ) (1,558 ) (1,559 ) Net income (loss) available to common shareholders $ (51,215 ) $ 431 $ (1,823 ) $ (1,555 ) Basic earnings per share: Net income (loss) from continuing operations and after preferred dividends (2) $ (0.71 ) $ 0.01 $ (0.03 ) $ (0.03 ) Net income (loss) from discontinued operations (2) 0.01 — — — Net income (loss) available to common shareholders (2) $ (0.70 ) $ 0.01 $ (0.03 ) $ (0.03 ) Diluted earnings per share: Net income (loss) from continuing operations and after preferred dividends (2) $ (0.71 ) $ 0.01 $ (0.03 ) $ (0.03 ) Net income (loss) from discontinued operations (2) 0.01 — — — Net income (loss) available to common (2) $ (0.70 ) $ 0.01 $ (0.03 ) $ (0.03 ) Basic weighted average common shares outstanding (2) 72,879,409 61,315,165 59,131,174 49,705,119 Diluted weighted average common shares outstanding (2) 72,879,409 62,561,210 59,131,174 49,705,119 (1) 2015 quarterly data includes fourteen days of activity from the Merger in the period ended December 31, 2015. (2) As a result of the Merger, each outstanding common share of Gramercy Property Trust Inc. was converted into 3.1898 of a newly issued share of common stock of the Company. Therefore, the historical data related to quarterly earnings per share for the periods ended before December 31, 2015 have been adjusted by the Merger exchange ratio of 3.1898 .

Business and Organization (Narr

Business and Organization (Narrative) (Details) $ in Thousands	1 Months Ended		12 Months Ended
	Dec. 31, 2016USD ($)ft²buildingProperty	Feb. 28, 2015	Dec. 31, 2016USD ($)ft²buildingProperty	Dec. 31, 2015Property	Dec. 17, 2015shares
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Reverse stock split ratio	0.3333	0.25	0.3333
Number of Properties | Property	46		46	41
GPT Property Trust Limited Partnership [Member]
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Ownership %	100.00%		100.00%
Ownership percentage by noncontrolling owners	0.46%		0.46%
Unconsolidated Properties [Member]
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Number of Properties | Property	44		44
Direct Ownership or Corporate Joint Venture [Member]
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Number of Properties | building	318		318
Area of real estate property | ft²	64,963,122		64,963,122
Percentage of occupancy for leased office and industrial property	98.50%		98.50%
Gramercy Asset Management [Member] | Commercial Lease Properties [Member]
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Available for sale securities and other investments | $	$ 1,200,000		$ 1,200,000
Gramercy Asset Management [Member] | Commercial Lease Properties [Member] | Europe [Member]
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Available for sale securities and other investments | $	$ 875,000		$ 875,000
Chambers Street Properties [Member]
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Shares issued to shareholders in acquisition (in shares) | shares					3.1898

Significant Accounting Polici49

Significant Accounting Policies (Narrative) (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2017USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2016USD ($)Propertyentity	Dec. 31, 2015USD ($)Propertyentity	Dec. 31, 2014USD ($)	Dec. 19, 2014USD ($)
Accounting Policies [Line Items]
Servicing receivable (reclassified)			$ 0	$ 1,382,000
Restricted cash			$ 12,904,000	$ 17,354,000
Number of consolidated VIEs | entity			3	2
Number of unconsolidated variable interest entities | entity			4	4
Allowance for doubtful accounts receivable			$ 57,000	$ 204,000
Amortization of intangible assets			112,072,000	37,592,000	$ 12,263,000
Amortization of off market lease unfavorable and off market lease favorable			10,768,000	12,256,000	2,390,000
Amortization of ground rent intangible assets and liabilities			20,118,000	19,446,000	17,500,000
Incentive fee recognized			$ 19,159,000	$ 3,012,000	1,136,000
Number of Properties | Property			46	41
Foreign currency translation (losses)			$ (6,094,000)	$ (594,000)	(48,000)
Foreign currency transaction gain (loss), realized			102,000	(23,000)	(16,000)
Servicing rights reimbursements			$ 1,390,000	$ 0	$ 7,428,000
Deferred percentage maximum of employee's annual compensation			15.00%
Management Fee Income Concentration [Member] | Customer Concentration Risk [Member] | KBS [Member]
Accounting Policies [Line Items]
Concentration risk, percentage			88.20%	83.60%	77.90%
Management Fee Income Concentration [Member] | Customer Concentration Risk [Member] | Gramercy Europe Asset [Member]
Accounting Policies [Line Items]
Concentration risk, percentage			10.80%
Sales Revenue, Goods, Net [Member] | Customer Concentration Risk [Member] | Bank Of America [Member]
Accounting Policies [Line Items]
Concentration risk, percentage			12.10%	24.20%	29.30%
Sales Revenue, Goods, Net [Member] | Customer Concentration Risk [Member] | Bank Of America [Member] | Below-market leases [Member]
Accounting Policies [Line Items]
Concentration risk, percentage			5.20%	7.10%	4.30%
Available-for-sale Securities [Member]
Accounting Policies [Line Items]
Retained collateralized debt obligations (CDOs) bonds, other-than-temporary impairment			$ 0	$ 0	$ 4,816,000
ThreadGreen Europe Limited [Member]
Accounting Policies [Line Items]
Goodwill (reclassified)			$ 2,988,000	3,568,000
Decrease in goodwill		$ 85,000
Gramercy Europe Asset [Member] | Canada [Member]
Accounting Policies [Line Items]
Number of Properties | Property			2
Gramercy Europe Asset [Member] | United Kingdom [Member]
Accounting Policies [Line Items]
Number of Properties | Property			1
Management Agreement Restated [Member]
Accounting Policies [Line Items]
Management fees, base revenue			$ 7,500,000
Management Agreement Restated [Member] | Subsequent Event [Member]
Accounting Policies [Line Items]
Management fees, base revenue	$ 550,000
Ground Lease [Member]
Accounting Policies [Line Items]
Amortization of ground rent intangible assets and liabilities			$ 28,000	41,000	38,000
Software [Member]
Accounting Policies [Line Items]
Useful life			3 years
Proportion Foods [Member]
Accounting Policies [Line Items]
Percentage of area leased property			100.00%
Amount committed			$ 38,826,000
Amount funded			19,932,000
Gramercy Europe Asset Management - European Fund Carry Co [Member]
Accounting Policies [Line Items]
Net assets (liabilities) of nonconsolidated VIEs			$ 31,000	(5,000)
Building [Member]
Accounting Policies [Line Items]
Property, plant and equipment, useful life			40 years
Minimum [Member] | Management Agreement Restated [Member]
Accounting Policies [Line Items]
Management fee percentage			10.00%
Minimum [Member] | Building Equipment and Fixtures [Member]
Accounting Policies [Line Items]
Property, plant and equipment, useful life			5 years
Maximum [Member] | Management Agreement Restated [Member]
Accounting Policies [Line Items]
Management fee percentage			30.00%
Maximum [Member] | Building Equipment and Fixtures [Member]
Accounting Policies [Line Items]
Property, plant and equipment, useful life			10 years
Accounting Standards Update 2015-03 [Member]
Accounting Policies [Line Items]
Deferred financing costs reclassified				6,389,000
Restatement Adjustment [Member]
Accounting Policies [Line Items]
Servicing receivable (reclassified)				(1,382,000)
Retained CDO bonds reclassified				7,471,000
Deferred costs reclassified				13,950,000
Goodwill (reclassified)				(3,568,000)
Accrued interest payable reclassified				4,546,000
Deferred revenue reclassified				36,031,000
Derivative instruments reclassified				3,442,000
Investment income (reclassified)				$ 1,763,000	$ 1,824,000
Preliminary Allocations [Member] | ThreadGreen Europe Limited [Member]
Accounting Policies [Line Items]
Goodwill (reclassified)						$ 3,887,000
Finalized Allocations [Member] | ThreadGreen Europe Limited [Member]
Accounting Policies [Line Items]
Goodwill (reclassified)		$ 3,802,000
Big Proportion Foods [Member] | Proportion Foods [Member]
Accounting Policies [Line Items]
Amount committed			$ 24,950,000

Significant Accounting Polici50

Significant Accounting Policies (Schedule of Variable Interest Entities) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Collateralized Debt Obligations Bonds [Member]
Variable Interest Entity [Line Items]
Company carrying value-assets, unconsolidated	$ 11,906	$ 7,471
Company carrying value - liabilities, unconsolidated	0	0
Face value of assets held by the VIEs, unconsolidated	391,990	1,382,373
Face value of liabilities issued by the VIEs, unconsolidated	592,414	1,282,583
Operating Partnerships [Member]
Variable Interest Entity [Line Items]
Company carrying value-assets, consolidated	5,603,527
Company carrying value - liabilities, consolidated	2,842,493
Face value of assets held by the VIEs, consolidated	5,603,527
Face value of liabilities issued by the VIEs, consolidated	2,842,493
Proportion Foods [Member]
Variable Interest Entity [Line Items]
Company carrying value-assets, consolidated	22,836	7,949
Company carrying value - liabilities, consolidated	3,041	16
Face value of assets held by the VIEs, consolidated	22,836	7,949
Face value of liabilities issued by the VIEs, consolidated	23,514	8,183
Gramercy Europe Asset Management - European Fund Manager [Member]
Variable Interest Entity [Line Items]
Company carrying value-assets, consolidated	1,100	334
Company carrying value - liabilities, consolidated	47	832
Face value of assets held by the VIEs, consolidated	1,100	334
Face value of liabilities issued by the VIEs, consolidated	1,742	832
Gramercy Europe Asset Management - European Fund Carry Co [Member]
Variable Interest Entity [Line Items]
Company carrying value-assets, unconsolidated	8	0
Company carrying value - liabilities, unconsolidated	0	0
Face value of assets held by the VIEs, unconsolidated	31	11
Face value of liabilities issued by the VIEs, unconsolidated	$ 0	$ 16

Significant Accounting Polici51

Significant Accounting Policies (Schedule of Intangible Assets and Acquired Lease Obligations) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Intangible assets:
Total intangible assets	$ 618,680	$ 682,174
Finite-lived intangible assets, accumulated amortization	133,710	54,323
Intangible liabilities:
Total intangible liabilities	230,183	242,456
In-place leases [Member]
Intangible assets:
Total intangible assets	553,924	644,540
Finite-lived intangible assets, accumulated amortization	117,717	49,125
Above-market leases [Member]
Intangible assets:
Total intangible assets	59,647	94,202
Finite-lived intangible assets, accumulated amortization	15,719	5,051
Below-market ground rent [Member]
Intangible assets:
Total intangible assets	5,109	5,236
Finite-lived intangible assets, accumulated amortization	274	147
Below-market leases [Member]
Intangible liabilities:
Total intangible liabilities	223,110	255,452
Finite-lived intangible liabilities, accumulated amortization	26,168	16,934
Above-market ground rent [Member]
Intangible liabilities:
Total intangible liabilities	7,073	3,522
Finite-lived intangible liabilities, accumulated amortization	248	149
Assets Held-for-sale [Member]
Intangible assets:
Amounts related to assets held for sale, net of accumulated amortization of $0	0	(61,804)
Finite-lived intangible assets, accumulated amortization	0	0
Intangible liabilities:
Amounts related to liabilities of assets held for sale, net of accumulated amortization of $0	0	(16,518)
Finite-lived intangible liabilities, accumulated amortization	$ 0	$ 0

Significant Accounting Polici52

Significant Accounting Policies (Schedule of Finite-Lived Intangible Assets, Future Amortization Expense) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Depreciation and amortization expense [Member]
Finite-Lived Intangible Assets
2,017	$ 91,891
2,018	83,424
2,019	70,190
2,020	56,772
2,021	49,568
Rental revenue [Member]
Finite-Lived Intangible Assets, Amortization Expense And Below Market Leases, Amortized Income
2,017	(2,365)
2,018	(2,680)
2,019	(3,511)
2,020	(5,333)
2,021	(6,460)
Property operating expense [Member]
Finite-Lived Intangible Assets
2,017	(88)
2,018	(88)
2,019	(88)
2,020	(88)
2,021	$ (88)
In-place leases [Member]
Schedule of Finite Lived Intangible Assets Future Amortization Expense [Line Items]
Weighted Average Amortization Period	9 years 9 months 18 days
In-place leases [Member] | Depreciation and amortization expense [Member]
Finite-Lived Intangible Assets
2,017	$ 91,891
2,018	83,424
2,019	70,190
2,020	56,772
2,021	$ 49,568
Above-market lease assets [Member]
Schedule of Finite Lived Intangible Assets Future Amortization Expense [Line Items]
Weighted Average Amortization Period	7 years 6 months
Above-market lease assets [Member] | Rental revenue [Member]
Finite-Lived Intangible Assets
2,017	$ 11,218
2,018	10,629
2,019	9,459
2,020	7,288
2,021	$ 6,029
Below-market lease liabilities [Member]
Schedule of Finite Lived Intangible Assets Future Amortization Expense [Line Items]
Weighted Average Amortization Period	19 years 8 months 12 days
Below-market lease liabilities [Member] | Rental revenue [Member]
Below Market Lease
2,017	$ (13,583)
2,018	(13,309)
2,019	(12,970)
2,020	(12,621)
2,021	$ (12,489)
Below-market ground rent [Member]
Schedule of Finite Lived Intangible Assets Future Amortization Expense [Line Items]
Weighted Average Amortization Period	41 years 3 months 18 days
Below-market ground rent [Member] | Property operating expense [Member]
Finite-Lived Intangible Assets
2,017	$ 127
2,018	127
2,019	127
2,020	127
2,021	$ 127
Above-market ground rent [Member]
Schedule of Finite Lived Intangible Assets Future Amortization Expense [Line Items]
Weighted Average Amortization Period	33 years 3 months 18 days
Above-market ground rent [Member] | Property operating expense [Member]
Finite-Lived Intangible Assets
2,017	$ (215)
2,018	(215)
2,019	(215)
2,020	(215)
2,021	$ (215)

Significant Accounting Polici53

Significant Accounting Policies (Schedule of Retained Collateralized Debt Obligation Bonds) (Details) - Available-for-sale Securities [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)security	Dec. 31, 2015USD ($)security	Dec. 31, 2014USD ($)
Schedule of Trading Securities and Other Trading Assets [Line Items]
Number of Securities | security	9	9
Face Value	$ 384,784	$ 374,576
Amortized Cost	8,207	6,461
Gross Unrealized Gain	3,699	1,010
Other-than- temporary impairment	0	0	$ (4,816)
Fair Value	$ 11,906	$ 7,471
Weighted Average Expected Life	1 year 7 months 6 days	2 years 9 months 18 days

Significant Accounting Polici54

Significant Accounting Policies (Other Than Temporary Impairment Credit Losses Recognized in Earnings) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accounting Policies [Abstract]
Beginning Balance	$ 3,196	$ 6,818	$ 2,002
Additions to credit losses:
On Retained CDO Bonds for which an OTTI was not previously recognized	0	0	0
On Retained CDO Bonds for which an OTTI was previously recognized and a portion of an OTTI was recognized in other comprehensive income	0	0	4,816
On Retained CDO Bonds for which an OTTI was previously recognized without any portion of OTTI recognized in other comprehensive income	0	0	0
Reduction for credit losses:
On Retained CDO Bonds for which no OTTI was recognized in other comprehensive income at current measurement date	0	0	0
On Retained CDO Bonds sold during the period	0	0	0
On Retained CDO Bonds charged off during the period	0	0	0
For increases in cash flows expected to be collected that are recognized over the remaining life of the Retained CDO Bonds	(3,687)	(3,622)	0
Ending Balance	$ (491)	$ 3,196	$ 6,818

Dispositions, Assets Held-for55

Dispositions, Assets Held-for-Sale, and Discontinued Operations (Narrative) (Details) $ in Thousands	Jul. 31, 2014Property	Dec. 31, 2016USD ($)ft²Property	Dec. 31, 2015USD ($)ft²Property	Dec. 31, 2014Property	Aug. 31, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold | Property		24	7	0
Proceeds from sale of property held-for-sale		$ 1,159,295
Gain on disposal		3,877
Impairment of long-lived assets to be disposed of		$ 2,844
Number of properties acquired | Property	3	76	143	100
Net gains from disposals			$ 839
Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposal		$ 321
Assets Held-for-sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold | Property		6
Impairment of long-lived assets to be disposed of		$ 8,263
Number of properties held-for-sale | Property		0	6
Net asset value			$ 129,121
Morristown JV [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Area of real estate property | ft²			41,861
Ownership %			50.00%
Proceeds from sale of real estate			$ 2,600
Chambers Street Properties [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties acquired | Property			95
Chambers Street Properties [Member] | Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold | Property		6
Proceeds from sale of property held-for-sale		$ 397,055
Exchange of Productive Assets [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold | Property		19	4
Proceeds from sale of property held-for-sale		$ 724,173	$ 14,619
Payments for real estate properties		$ 723,831
Number of properties acquired | Property		65	3
Strategic Office JV [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Ownership %		25.00%			25.00%
Bank of America Portfolio [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of property held-for-sale			$ 89,919
Strategic Office JV [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold | Property		6
Area of real estate property | ft²		980,825
Proceeds from sale of property held-for-sale		$ 187,500
Proceeds from sale of real estate		$ 187,500
Office Properties [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Area of real estate property | ft²		5,588,637	398,213

Real Estate Investments (Narrat

Real Estate Investments (Narrative) (Details) $ / shares in Units, $ in Thousands	Jun. 30, 2016Property	Jul. 31, 2014Property	Dec. 31, 2016USD ($)Property$ / shares	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)Property$ / shares	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2016USD ($)ft²Property$ / shares	Dec. 31, 2015USD ($)ft²Property$ / shares	Dec. 31, 2014USD ($)Property	Dec. 17, 2015$ / sharesshares
Business Acquisition [Line Items]
Number of properties acquired | Property		3									76	143	100
Area of real estate properties acquired | ft²											23,806,949	33,599,735
Purchase price											$ 1,580,002	$ 3,718,616
Real estate properties value			$ 4,656,864				$ 3,931,677				4,656,864	3,931,677
Total revenues			126,202	$ 131,092	$ 139,425	$ 120,545	69,977	$ 65,213	$ 54,147	$ 47,935	517,264	237,272	$ 107,940
Net income (loss)			$ 6,327	$ (949)	$ 28,913	$ (933)	$ (49,657)	$ 1,990	$ (265)	$ 4	$ 33,358	$ (47,928)	54,905
Common stock, par value (in usd per share) | $ / shares			$ 0.01				$ 0.01				$ 0.01	$ 0.01		$ 0.01
Increase (Decrease) to Rental Revenue											$ (106)
Adjustment to depreciation and amortization											$ 75
Number of Properties | Property			46				41				46	41
Old Gramercy Stock [Member]
Business Acquisition [Line Items]
Common stock, par value (in usd per share) | $ / shares			$ 0.001								$ 0.001
Share price (in usd per share) | $ / shares														$ 24.63
Chambers Street Properties [Member]
Business Acquisition [Line Items]
Number of properties acquired | Property												95
Area of real estate properties acquired | ft²												24,560,739
Shares issued to shareholders in acquisition (in shares) | shares														3.1898
Fair value of net assets acquired			$ 1,829,241								$ 1,829,241
Adjustment to assets											1,936
Adjustment to liabilities											1,936
Individual Acquisitions [Member]
Business Acquisition [Line Items]
Total revenues											43,050	$ 57,945	46,434
Net income (loss)											$ 13,915	$ 18,738	$ 8,872
2015 Acquisitions Finalized [Member] | Preliminary Allocations [Member]
Business Acquisition [Line Items]
Number of properties acquired | Property												136
Build-to-suit Property [Member]
Business Acquisition [Line Items]
Area of real estate properties acquired | ft²											240,800
Purchase price											$ 3,798
Build-to-suit Property [Member] | Chambers Street Properties [Member]
Business Acquisition [Line Items]
Area of real estate properties acquired | ft²												200,411
Purchase price												$ 7,947
Gramercy European Property Fund [Member]
Business Acquisition [Line Items]
Number of properties acquired | Property											13	12
Ownership %			14.20%								14.20%
Number of Properties | Property			26				12				26	12
Duke JV [Member]
Business Acquisition [Line Items]
Number of properties acquired | Property	7										7
Area of real estate properties acquired | ft²											4,189,630
Purchase price											$ 276,100
Ownership %			80.00%								80.00%
Percentage of fair value of properties			100.00%								100.00%
Real estate properties value			$ 276,100								$ 276,100
Number of Properties | Property			0				13				0	13

Dispositions, Assets Held-for57

Dispositions, Assets Held-for-Sale, and Discontinued Operations (Summary of Assets and Liabilities Held-for-sale) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Assets held for sale
Total assets	$ 0	$ 420,485
Liabilities related to assets held for sale
Total liabilities	0	291,364
Assets Held-for-sale [Member]
Assets held for sale
Real estate investments		348,582
Acquired lease assets	0	61,804
Other assets		10,099
Total assets		420,485
Liabilities related to assets held for sale
Mortgage notes payable, net		260,704
Below-market lease liabilities	$ 0	16,518
Other liabilities		14,142
Total liabilities		291,364
Net assets held for sale		$ 129,121

Real Estate Investments (Proper

Real Estate Investments (Property Purchase Price Allocation) (Details) $ in Thousands	Jul. 31, 2014Property	Dec. 31, 2016USD ($)Property	Dec. 31, 2015USD ($)Property	Dec. 31, 2014Property
Real Estate Properties [Line Items]
Number of Acquisitions | Property	3	76	143	100
Increase (Decrease) to Rental Revenue		$ (106)
Decrease to Depreciation and Amortization Expense		$ 75
2016 Acquisitions Analyzed [Member]
Real Estate Properties [Line Items]
Number of Acquisitions | Property		21
Real Estate Assets		$ 513,424
Intangible Assets		61,178
Intangible Liabilities		$ 11,093
2016 Acquisitions Finalized [Member] | Preliminary Allocations [Member]
Real Estate Properties [Line Items]
Number of Acquisitions | Property		67
Real Estate Assets		$ 1,220,055
Intangible Assets		128,498
Intangible Liabilities		22,105
2016 Acquisitions Finalized [Member] | Finalized Allocations [Member]
Real Estate Properties [Line Items]
Real Estate Assets		1,219,354
Intangible Assets		127,222
Intangible Liabilities		20,128
Increase (Decrease) to Rental Revenue		(18)
Decrease to Depreciation and Amortization Expense		$ (13)
2015 Acquisitions Finalized [Member] | Preliminary Allocations [Member]
Real Estate Properties [Line Items]
Number of Acquisitions | Property			136
Real Estate Assets			$ 1,373,360
Intangible Assets			320,066
Intangible Liabilities			81,961
2015 Acquisitions Finalized [Member] | Finalized Allocations [Member]
Real Estate Properties [Line Items]
Real Estate Assets			1,535,763
Intangible Assets			302,083
Intangible Liabilities			226,381
Increase (Decrease) to Rental Revenue			2,307
Decrease to Depreciation and Amortization Expense			$ (205)
Bank Of America [Member] | Wholly Owned Properties [Member]
Real Estate Properties [Line Items]
Number of Acquisitions | Property			67

Dispositions, Assets Held-for59

Dispositions, Assets Held-for-Sale, and Discontinued Operations (Schedule of Operating Results of Assets Held-for-sale Including in Discontinued Operations) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating Results:
Interest expense	$ (18,163)	$ (18,409)	$ (16,909)	$ (21,953)	$ (11,438)	$ (9,227)	$ (7,728)	$ (6,270)	$ (75,434)	$ (34,663)	$ (16,586)
Gain on extinguishment of debt									1,930	0	0
Net income (loss) from operations									3,148	875	(524)
Income from discontinued operations	$ 354	$ 347	$ 58	$ 4,640	$ 858	$ (41)	$ 120	$ (62)	5,399	875	(524)
Assets Held-for-sale [Member]
Operating Results:
Revenues									6,547	2,052	368
Operating expenses									(2,304)	(290)	(267)
General and administrative expense									(176)	(384)	(625)
Interest expense									(807)	(503)	0
Depreciation and amortization									(112)	0	0
Gain on extinguishment of debt									1,930	0	0
Net income (loss) from operations									5,078	875	(524)
Net gain on disposals									321	0	0
Income from discontinued operations									$ 5,399	$ 875	$ (524)

Real Estate Investments (Pro Fo

Real Estate Investments (Pro Forma Information) (Details) $ / shares in Units, $ in Thousands	Jun. 30, 2016Property	Jul. 31, 2014Property	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)Property$ / sharesshares	Dec. 31, 2015USD ($)Property$ / sharesshares	Dec. 31, 2014USD ($)Property$ / sharesshares	Aug. 31, 2016	Jun. 29, 2016	Jun. 09, 2014
Business Acquisition [Line Items]
Pro forma revenues							$ 542,230	$ 517,363	$ 508,603
Pro forma net income available to common stockholders							$ 33,903	$ 61,840	$ 67,913
Pro forma earnings per common share-basic (in usd per share) | $ / shares							$ 0.24	$ 1.02	$ 2.44
Pro forma earnings per common share-diluted (in usd per share) | $ / shares							$ 0.24	$ 0.99	$ 2.37
Pro forma common shares-basic (in shares) | shares							140,192,424	60,698,716	27,860,728
Pro forma common share-diluted (in shares) | shares							141,009,021	62,436,511	28,641,836
Number of properties acquired | Property		3					76	143	100
Total merger-related costs							$ 54,945
Gain on remeasurement of previously held unconsolidated equity investment interests			$ 0	$ 0	$ 7,229	$ 0	$ 0	$ 0	$ 72,345
Bank of America Portfolio [Member]
Business Acquisition [Line Items]
Gain on remeasurement of previously held unconsolidated equity investment interests								$ 72,345	$ 72,345
Voting Interest %								50.00%				50.00%
Bank of America Portfolio [Member] | Garrison Investment Group [Member]
Business Acquisition [Line Items]
Voting Interest %												50.00%
Goodman Europe JV [Member]
Business Acquisition [Line Items]
Ownership %			5.10%				5.10%				80.00%
Voting Interest %			5.10%				5.10%
Duke JV [Member]
Business Acquisition [Line Items]
Ownership %			80.00%				80.00%
Ownership percentage transferred	100.00%
Number of properties acquired | Property	7						7
Voting Interest %			50.00%				50.00%
Strategic Office JV [Member]
Business Acquisition [Line Items]
Ownership %			25.00%				25.00%			25.00%
Voting Interest %			25.00%				25.00%

Dispositions, Assets Held-for61

Dispositions, Assets Held-for-Sale, and Discontinued Operations (Schedule of Significant Operating and Investing Noncash Items) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Amortization expense	$ (3,814)	$ (3,212)	$ (959)
Increase in cash and cash equivalents related to foreign currency translation	(221)	77	(48)
Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Amortization expense	(112)	0	0
Significant operating noncash items	(9,137)	(273)	0
Significant investing noncash items	0	131,358	0
Increase in cash and cash equivalents related to foreign currency translation	0	121	0
Total	$ (9,249)	$ 131,206	$ 0

Real Estate Investments (Summar

Real Estate Investments (Summary of Assets Acquired and Liabilities Assumed) (Details) - Chambers Street Properties [Member] $ in Thousands	Dec. 31, 2016USD ($)
Assets
Land	$ 262,090
Buildings and improvements	1,628,395
Net investments	1,890,485
Cash and cash equivalents	24,687
Restricted cash	8,990
Unconsolidated equity investments	563,888
Tenant and other receivables, net	11,166
Acquired lease assets	410,819
Deferred costs and other assets	5,002
Assets held for sale	412,102
Total assets	3,327,139
Liabilities
Mortgage notes payable	220,429
Revolving credit facilities and term loans	860,000
Below-market lease liabilities	38,613
Accounts payable, accrued expenses, and other liabilities	86,601
Liabilities related to assets held for sale	292,255
Total liabilities	1,497,898
Fair value of net assets acquired	$ 1,829,241

Unconsolidated Equity Investm63

Unconsolidated Equity Investments (Narrative) (Details) € in Thousands	Sep. 09, 2016Property	Jun. 30, 2016USD ($)Property	Jun. 30, 2016EUR (€)Property	May 31, 2016USD ($)	May 31, 2016EUR (€)	Jul. 31, 2014Property	Jun. 09, 2014USD ($)	Dec. 31, 2016USD ($)ft²Propertyentityextension	Dec. 31, 2016EUR (€)	Aug. 31, 2016USD ($)Property	Jul. 31, 2016USD ($)	Mar. 31, 2016	Dec. 31, 2016USD ($)ft²Propertyentityextension	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)ft²Propertyentityextension	Dec. 31, 2016EUR (€)ft²Property	Dec. 31, 2015USD ($)ft²Property	Dec. 31, 2015EUR (€)Property	Dec. 31, 2014USD ($)Property	Dec. 31, 2016EUR (€)ft²Propertyentityextension	Jun. 29, 2016	Oct. 08, 2015	Dec. 31, 2014EUR (€)
Investments in and Advances to Affiliates [Line Items]
Proceeds from sale of ownership interest in equity method investment																	$ 97,932,000		$ 0		$ 3,841,000
Number of Properties | Property								46					46				46		41			46
Contributions to unconsolidated equity investments																	$ 76,856,000		$ 25,663,000
Number of properties acquired | Property						3											76	76	143	143	100
Distributions received from unconsolidated equity investments																	$ 50,891,000		$ 5,704,000		$ 3,373,000
Real estate properties value								$ 4,656,864,000					$ 4,656,864,000				4,656,864,000		3,931,677,000
Investment in unconsolidated equity investment								$ 101,807,000					101,807,000				101,807,000		580,000,000		0
Gain on dissolution of previously held U.S. unconsolidated equity investment interests																	7,229,000		0		0
Gain on remeasurement of previously held unconsolidated equity investment interests													$ 0	$ 0	$ 7,229,000	$ 0	0		0		72,345,000
Duke Realty [Member]
Investments in and Advances to Affiliates [Line Items]
Distributions received from unconsolidated equity investments		$ 2,760,000
Strategic Office JV [Member]
Investments in and Advances to Affiliates [Line Items]
Proceeds from sale of real estate																	$ 187,500,000
Area of properties sold | ft²																	980,825	980,825
Area of real estate property | ft²								980,825					980,825				980,825					980,825
Gramercy Europe Committed [Member]
Investments in and Advances to Affiliates [Line Items]
Initial equity capital available								$ 52,585,000					$ 52,585,000				$ 52,585,000				395,213,000	€ 50,000			€ 352,500
Philips JV [Member]
Investments in and Advances to Affiliates [Line Items]
Distribution received from joint venture													$ 0						$ 344,000		413,000
Area of real estate property | ft²								199,900					199,900				199,900					199,900
Face amount of mortgages								$ 39,730,000					$ 39,730,000				$ 39,730,000
Philips Holdings USA Inc. [Member]
Investments in and Advances to Affiliates [Line Items]
Percentage of occupancy for leased office and industrial property								100.00%					100.00%				100.00%					100.00%
Gramercy European Property Fund [Member]
Investments in and Advances to Affiliates [Line Items]
Initial equity capital available								$ 13,146,000					$ 13,146,000				$ 13,146,000					€ 12,500
Ownership %								14.20%					14.20%				14.20%					14.20%
Number of Properties | Property								26					26				26		12			26
Contributions to unconsolidated equity investments																	$ 55,892,000	€ 50,000	$ 25,663,000	€ 23,160
Number of properties acquired | Property																	13	13	12	12
Investment in unconsolidated equity investment								$ 50,367,000					$ 50,367,000				$ 50,367,000		$ 23,381,000
Voting Interest %								14.20%					14.20%				14.20%					14.20%
Duke JV [Member]
Investments in and Advances to Affiliates [Line Items]
Ownership %								80.00%					80.00%				80.00%					80.00%
Number of Properties | Property								0					0				0		13			0
Number of properties acquired | Property		7	7														7	7
Distributions received from unconsolidated equity investments											$ 41,060,000						$ 53,807,000		$ 5,360,000
Real estate properties value								$ 276,100,000					$ 276,100,000				276,100,000
Investment in unconsolidated equity investment								$ 0					$ 0				$ 0		$ 352,932,000
Gain on dissolution of previously held U.S. unconsolidated equity investment interests		$ 7,229,000
Voting Interest %								50.00%					50.00%				50.00%					50.00%
Goodman Europe JV [Member]
Investments in and Advances to Affiliates [Line Items]
Proceeds from sale of ownership interest in equity method investment		$ 148,884,000	€ 134,336
Ownership %								5.10%					5.10%				5.10%					5.10%	80.00%
Number of Properties | Property								8					8				8		9			8
Distributions received from unconsolidated equity investments																	$ 10,030,000		$ 0
Investment in unconsolidated equity investment								$ 3,491,000					$ 3,491,000				$ 3,491,000		$ 158,863,000
Voting Interest %								5.10%					5.10%				5.10%					5.10%
Goodman Europe JV [Member] | Gramercy European Property Fund [Member]
Investments in and Advances to Affiliates [Line Items]
Ownership interest acquired		74.90%	74.90%	20.00%	20.00%
Proceeds from sale of ownership interest in equity method investment				$ 47,633,000	€ 42,766
Ownership %								94.90%					94.90%				94.90%					94.90%
CBRE Strategic Partners Asia [Member]
Investments in and Advances to Affiliates [Line Items]
Ownership %								5.07%					5.07%				5.07%					5.07%
Number of Properties | Property								2					2				2		2			2
Investment in unconsolidated equity investment								$ 4,145,000					$ 4,145,000				$ 4,145,000		$ 5,508,000
Term of agreement																	8 years	8 years
Number of extensions | extension								2					2				2					2
Term of extensions												1 year					1 year	1 year
Voting Interest %								5.07%					5.07%				5.07%					5.07%
Morristown JV [Member]
Investments in and Advances to Affiliates [Line Items]
Ownership %								50.00%					50.00%				50.00%					50.00%
Number of Properties | Property								1					1				1		1			1
Investment in unconsolidated equity investment								$ 2,623,000					$ 2,623,000				$ 2,623,000		$ 2,618,000
Voting Interest %								50.00%					50.00%				50.00%					50.00%		50.00%
Strategic Office JV [Member]
Investments in and Advances to Affiliates [Line Items]
Ownership %								25.00%		25.00%			25.00%				25.00%					25.00%
Number of Properties | Property								6					6				6		0			6
Number of properties contributed | Property	6									6
Investment in unconsolidated equity investment								$ 15,872,000		$ 16,027,000			$ 15,872,000				$ 15,872,000		$ 0
Distribution received from joint venture										$ 30,581,000
Commitment amount								400,000,000					400,000,000				400,000,000
Equity Method Investment, Remaining Commitment Amount								$ 83,973,000					$ 83,973,000				$ 83,973,000
Voting Interest %								25.00%					25.00%				25.00%					25.00%
Strategic Office JV [Member] | TPG Real Estate [Member]
Investments in and Advances to Affiliates [Line Items]
Ownership %										75.00%
Real estate properties value										$ 140,625,000
Investment in unconsolidated equity investment										46,608,000
Gain on dissolution of previously held U.S. unconsolidated equity investment interests										$ 2,336,000
Strategic Office JV [Member] | GPT [Member]
Investments in and Advances to Affiliates [Line Items]
Commitment amount								$ 100,000,000					$ 100,000,000	$ 100,000,000			$ 100,000,000
Goodman UK JV [Member]
Investments in and Advances to Affiliates [Line Items]
Ownership %								80.00%					80.00%				80.00%					80.00%
Number of Properties | Property								2					2				2		3			2
Distributions received from unconsolidated equity investments																	$ 13,344,000		$ 0
Investment in unconsolidated equity investment								$ 25,309,000					$ 25,309,000				$ 25,309,000		$ 36,698,000
Voting Interest %								50.00%					50.00%				50.00%					50.00%
Lille [Member] | Gramercy European Property Fund [Member]
Investments in and Advances to Affiliates [Line Items]
Proceeds from sale of real estate								$ 2,662,000	€ 2,563
Morristown JV [Member]
Investments in and Advances to Affiliates [Line Items]
Ownership %																			50.00%
Proceeds from sale of real estate																			$ 2,600,000
Area of real estate property | ft²																			41,861
Chambers Street Properties [Member]
Investments in and Advances to Affiliates [Line Items]
Number of unconsolidated entities | entity								4					4				4					4
Number of properties acquired | Property																			95	95
Chambers Street Properties [Member] | Mortgages [Member]
Investments in and Advances to Affiliates [Line Items]
Number of properties acquired | Property																	29	29
Bank of America Portfolio [Member]
Investments in and Advances to Affiliates [Line Items]
Voting Interest %							50.00%												50.00%
Gain on remeasurement of previously held unconsolidated equity investment interests																			$ 72,345,000		$ 72,345,000
Bank of America Portfolio [Member] | Mortgages [Member]
Investments in and Advances to Affiliates [Line Items]
Repayments of debt							$ 200,000,000
Bank of America Portfolio [Member] | Garrison Investment Group [Member]
Investments in and Advances to Affiliates [Line Items]
Voting Interest %							50.00%

Unconsolidated Equity Investm64

Unconsolidated Equity Investments (Summary of Unconsolidated Equity Investments) (Details) $ in Thousands	Dec. 31, 2016USD ($)Property	Aug. 31, 2016USD ($)	Jun. 29, 2016	Dec. 31, 2015USD ($)Property	Oct. 08, 2015	Dec. 31, 2014USD ($)
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated equity investment	$ 101,807			$ 580,000		$ 0
Number of Properties | Property	46			41
Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Ownership %	14.20%
Voting Interest %	14.20%
Investment in unconsolidated equity investment	$ 50,367			$ 23,381
Number of Properties | Property	26			12
Philips JV [Member]
Schedule of Equity Method Investments [Line Items]
Ownership %	25.00%
Voting Interest %	25.00%
Investment in unconsolidated equity investment	$ 0			$ 0
Number of Properties | Property	1			1
Duke JV [Member]
Schedule of Equity Method Investments [Line Items]
Ownership %	80.00%
Voting Interest %	50.00%
Investment in unconsolidated equity investment	$ 0			$ 352,932
Number of Properties | Property	0			13
Basis difference	$ 0			$ 136,198
Goodman Europe JV [Member]
Schedule of Equity Method Investments [Line Items]
Ownership %	5.10%		80.00%
Voting Interest %	5.10%
Investment in unconsolidated equity investment	$ 3,491			$ 158,863
Number of Properties | Property	8			9
Basis difference	$ 2,286			$ 37,371
Goodman Europe JV [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Ownership %	94.90%
Goodman UK JV [Member]
Schedule of Equity Method Investments [Line Items]
Ownership %	80.00%
Voting Interest %	50.00%
Investment in unconsolidated equity investment	$ 25,309			$ 36,698
Number of Properties | Property	2			3
Basis difference	$ 3,941			$ 6,578
CBRE Strategic Partners Asia [Member]
Schedule of Equity Method Investments [Line Items]
Ownership %	5.07%
Voting Interest %	5.07%
Investment in unconsolidated equity investment	$ 4,145			$ 5,508
Number of Properties | Property	2			2
Morristown JV [Member]
Schedule of Equity Method Investments [Line Items]
Ownership %	50.00%
Voting Interest %	50.00%				50.00%
Investment in unconsolidated equity investment	$ 2,623			$ 2,618
Number of Properties | Property	1			1
Strategic Office JV [Member]
Schedule of Equity Method Investments [Line Items]
Ownership %	25.00%	25.00%
Voting Interest %	25.00%
Investment in unconsolidated equity investment	$ 15,872	$ 16,027		$ 0
Number of Properties | Property	6			0
Gramercy Europe Asset Management - European Fund Carry Co [Member]
Schedule of Equity Method Investments [Line Items]
Ownership %	25.00%
Investment in unconsolidated equity investment	$ 8			$ 0

Unconsolidated Equity Investm65

Unconsolidated Equity Investments (Rollforward of Unconsolidated Equity Investments) (Details) $ in Thousands	Sep. 09, 2016Property	Jun. 30, 2016Property	Jul. 31, 2014Property	Aug. 31, 2016USD ($)Property	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2016USD ($)Property	Dec. 31, 2015USD ($)Property	Dec. 31, 2014USD ($)Property
Schedule of Equity Method Investments [Line Items]
Number of properties acquired | Property			3										76	143	100
Purchase price													$ 1,580,002	$ 3,718,616
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Beginning balance								$ 580,000				$ 0	580,000	0
Contributions to unconsolidated equity investments													76,856	25,663
Unconsolidated equity investments acquired													0	561,504
Equity in net income (loss) of unconsolidated equity investments					$ 6,470	$ (1,138)	$ (168)	(2,755)	$ (133)	$ (1,096)	$ 123	$ (1)	2,409	(1,107)	$ 1,959
Other comprehensive loss of unconsolidated equity investments													(7,264)	(356)
Distributions from unconsolidated equity investments													(411,837)	(5,704)
Purchase price allocations													5,000	0
Gains on sale and dissolution of unconsolidated equity investment interests													12,570	0
Sale of unconsolidated equity investments													(151,546)	0
Receivable from dissolution of joint venture													(644)	0
Reclassification of accumulated foreign currency translation adjustments due to disposal													(3,737)	0	0
Ending balance					101,807				580,000				101,807	580,000	$ 0
Strategic Office JV [Member]
Schedule of Equity Method Investments [Line Items]
Number of properties contributed | Property	6			6
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Beginning balance								0					0
Ending balance				$ 16,027	15,872				0				$ 15,872	0
Duke JV [Member]
Schedule of Equity Method Investments [Line Items]
Number of properties acquired | Property		7											7
Purchase price													$ 276,100
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Beginning balance								$ 352,932					352,932
Ending balance					$ 0				$ 352,932				$ 0	$ 352,932
TPG Real Estate [Member] | Strategic Office JV [Member]
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Ending balance				$ 46,608

Unconsolidated Equity Investm66

Unconsolidated Equity Investments (Combined Balance Sheets for the Company's Joint Ventures) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Aug. 31, 2016	Jun. 29, 2016	Dec. 31, 2015
Gramercy European Property Fund, Total [Member]
Liabilities and members' equity:
Ownership %	14.20%
Gramercy European Property Fund, Total [Member] | Corporate Joint Venture [Member] | Europe [Member]
Assets:
Real estate assets, net	$ 632,156
Other assets	149,796
Total assets	781,952
Liabilities and members' equity:
Mortgages payable	390,249
Other liabilities	27,718
Total liabilities	417,967
Gramercy Property Trust equity	53,850
Other members' equity	310,135
Liabilities and members' equity	$ 781,952
Goodman Europe JV [Member]
Liabilities and members' equity:
Ownership %	5.10%		80.00%
Goodman Europe JV [Member] | Gramercy European Property Fund, Total [Member]
Liabilities and members' equity:
Ownership %	94.90%
Goodman Europe JV [Member] | Corporate Joint Venture [Member]
Assets:
Real estate assets, net				$ 276,925
Other assets				42,139
Total assets				319,064
Liabilities and members' equity:
Mortgages payable				121,350
Other liabilities				8,622
Total liabilities				129,972
Gramercy Property Trust equity				158,863
Other members' equity				30,229
Liabilities and members' equity				319,064
Goodman Europe JV [Member] | Corporate Joint Venture [Member] | Europe [Member]
Assets:
Real estate assets, net	$ 285,087
Other assets	86,273
Total assets	371,360
Liabilities and members' equity:
Mortgages payable	174,269
Other liabilities	7,778
Total liabilities	182,047
Gramercy Property Trust equity	12,734
Other members' equity	176,579
Liabilities and members' equity	371,360
Gramercy European Property Fund (excluding legacy Goodman Europe JV) [Member] | Corporate Joint Venture [Member]
Assets:
Real estate assets, net				236,312
Other assets				39,983
Total assets				276,295
Liabilities and members' equity:
Mortgages payable				143,616
Other liabilities				14,581
Total liabilities				158,197
Gramercy Property Trust equity				23,385
Other members' equity				94,713
Liabilities and members' equity				276,295
Gramercy European Property Fund (excluding legacy Goodman Europe JV) [Member] | Corporate Joint Venture [Member] | Europe [Member]
Assets:
Real estate assets, net	347,069
Other assets	63,523
Total assets	410,592
Liabilities and members' equity:
Mortgages payable	215,980
Other liabilities	19,940
Total liabilities	235,920
Gramercy Property Trust equity	41,116
Other members' equity	133,556
Liabilities and members' equity	$ 410,592
Goodman UK JV [Member]
Liabilities and members' equity:
Ownership %	80.00%
Goodman UK JV [Member] | Corporate Joint Venture [Member]
Assets:
Real estate assets, net	$ 25,128			42,584
Other assets	6,650			3,427
Total assets	31,778			46,011
Liabilities and members' equity:
Mortgages payable	0			0
Other liabilities	934			1,783
Total liabilities	934			1,783
Gramercy Property Trust equity	25,309			36,698
Other members' equity	5,535			7,530
Liabilities and members' equity	$ 31,778			46,011
Strategic Office Partners [Member]
Liabilities and members' equity:
Ownership %	25.00%	25.00%
Strategic Office Partners [Member] | Corporate Joint Venture [Member]
Assets:
Real estate assets, net	$ 149,484
Other assets	42,323
Total assets	191,807
Liabilities and members' equity:
Mortgages payable	121,894
Other liabilities	4,347
Total liabilities	126,241
Gramercy Property Trust equity	15,872
Other members' equity	49,694
Liabilities and members' equity	$ 191,807
Duke JV [Member]
Liabilities and members' equity:
Ownership %	80.00%
Duke JV [Member] | Corporate Joint Venture [Member]
Assets:
Real estate assets, net				443,313
Other assets				32,739
Total assets				476,052
Liabilities and members' equity:
Mortgages payable				56,105
Other liabilities				6,035
Total liabilities				62,140
Gramercy Property Trust equity				352,932
Other members' equity				60,980
Liabilities and members' equity				476,052
CBRE Strategic Partners Asia [Member]
Liabilities and members' equity:
Ownership %	5.07%
CBRE Strategic Partners Asia [Member] | Corporate Joint Venture [Member]
Assets:
Real estate assets, net	$ 87,852			109,554
Other assets	12,247			9,337
Total assets	100,099			118,891
Liabilities and members' equity:
Mortgages payable	0			0
Other liabilities	14,383			13,948
Total liabilities	14,383			13,948
Gramercy Property Trust equity	4,145			5,508
Other members' equity	81,571			99,435
Liabilities and members' equity	100,099			118,891
Other [Member] | Corporate Joint Venture [Member]
Assets:
Real estate assets, net	49,580			50,698
Other assets	3,020			15,954
Total assets	52,600			66,652
Liabilities and members' equity:
Mortgages payable	39,730			40,424
Other liabilities	3,259			16,540
Total liabilities	42,989			56,964
Gramercy Property Trust equity	2,631			2,614
Other members' equity	6,980			7,074
Liabilities and members' equity	$ 52,600			$ 66,652

Unconsolidated Equity Investm67

Unconsolidated Equity Investments (Real Estate Assets Subject to Mortgages) (Details) $ in Thousands	Dec. 31, 2016USD ($)Property	Aug. 31, 2016	Jun. 29, 2016	Dec. 31, 2015USD ($)
Schedule of Equity Method Investments [Line Items]
Total	$ 2,872,940
Percentage of face amount of debt presented	100.00%
Strategic Office JV [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	25.00%	25.00%
Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	14.20%
Goodman Europe JV [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	5.10%		80.00%
Goodman Europe JV [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	94.90%
Duke JV [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	80.00%
Netherlands Portfolio [Member]
Schedule of Equity Method Investments [Line Items]
Number of properties under mortgage | Property	5
European Facility 1 [Member]
Schedule of Equity Method Investments [Line Items]
Number of properties under mortgage | Property	8
Fort Lauderdale [Member]
Schedule of Equity Method Investments [Line Items]
Number of properties under mortgage | Property	4
Mortgages [Member]
Schedule of Equity Method Investments [Line Items]
Total	$ 555,484
Wholly Owned Properties [Member] | Strategic Office Partners Portfolio [Member] | Strategic Office JV [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	25.00%
Wholly Owned Properties [Member] | Durrholz [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	14.20%
Wholly Owned Properties [Member] | Venray [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	14.20%
Wholly Owned Properties [Member] | Lille [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	14.20%
Wholly Owned Properties [Member] | Carlisle [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	14.20%
Wholly Owned Properties [Member] | Breda [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	14.20%
Wholly Owned Properties [Member] | Fredersdorf [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	14.20%
Wholly Owned Properties [Member] | Frechen [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	14.20%
Wholly Owned Properties [Member] | Friedrichspark [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	14.20%
Wholly Owned Properties [Member] | Juechen [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	14.20%
Wholly Owned Properties [Member] | Kerkrade [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	14.20%
Wholly Owned Properties [Member] | Oud-Beijerland [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	14.20%
Wholly Owned Properties [Member] | Piaseczno [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	14.20%
Wholly Owned Properties [Member] | Rotterdam [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	14.20%
Wholly Owned Properties [Member] | Strykow [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	14.20%
Wholly Owned Properties [Member] | Uden [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	14.20%
Wholly Owned Properties [Member] | Zaandam [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	14.20%
Wholly Owned Properties [Member] | Meerane [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	14.20%
Wholly Owned Properties [Member] | Amsterdam [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	14.20%
Wholly Owned Properties [Member] | Tiel [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	14.20%
Wholly Owned Properties [Member] | Netherlands Portfolio [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	14.20%
Wholly Owned Properties [Member] | Kutno [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	14.20%
Wholly Owned Properties [Member] | European Facility 1 [Member] | Goodman Europe JV [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	18.60%
Wholly Owned Properties [Member] | European Facility 2 [Member] | Goodman Europe JV [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	18.60%
Wholly Owned Properties [Member] | Worksop [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	14.20%
Wholly Owned Properties [Member] | Somerset [Member] | Phillips JV [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	25.00%
Wholly Owned Properties [Member] | Lake Forest [Member] | Duke JV [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	80.00%
Wholly Owned Properties [Member] | Tampa [Member] | Duke JV [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	80.00%
Wholly Owned Properties [Member] | Fort Lauderdale [Member] | Duke JV [Member]
Schedule of Equity Method Investments [Line Items]
Economic Ownership	80.00%
Wholly Owned Properties [Member] | Mortgages [Member]
Schedule of Equity Method Investments [Line Items]
Outstanding Balance	$ 546,265			$ 361,495
Plus net deferred financing costs and net debt premium	5,608			0
Total	$ 551,873			361,495
Wholly Owned Properties [Member] | Mortgages [Member] | Strategic Office Partners Portfolio [Member] | Strategic Office JV [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	4.25%
Outstanding Balance	$ 125,000			0
Wholly Owned Properties [Member] | Mortgages [Member] | Durrholz [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	1.52%
Outstanding Balance	$ 12,289			12,937
Wholly Owned Properties [Member] | Mortgages [Member] | Venray [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	3.32%
Outstanding Balance	$ 13,015			13,578
Wholly Owned Properties [Member] | Mortgages [Member] | Lille [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	3.13%
Outstanding Balance	$ 27,081			27,970
Wholly Owned Properties [Member] | Mortgages [Member] | Carlisle [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	3.32%
Outstanding Balance	$ 10,443			0
Wholly Owned Properties [Member] | Mortgages [Member] | Breda [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	1.88%
Outstanding Balance	$ 9,948			7,796
Wholly Owned Properties [Member] | Mortgages [Member] | Fredersdorf [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	2.07%
Outstanding Balance	$ 11,247			11,783
Wholly Owned Properties [Member] | Mortgages [Member] | Frechen [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	1.48%
Outstanding Balance	$ 6,043			0
Wholly Owned Properties [Member] | Mortgages [Member] | Friedrichspark [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	2.07%
Outstanding Balance	$ 8,694			9,109
Wholly Owned Properties [Member] | Mortgages [Member] | Juechen [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	1.88%
Outstanding Balance	$ 18,852			19,750
Wholly Owned Properties [Member] | Mortgages [Member] | Kerkrade [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	2.07%
Outstanding Balance	$ 9,622			10,081
Wholly Owned Properties [Member] | Mortgages [Member] | Oud-Beijerland [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	2.08%
Outstanding Balance	$ 8,077			8,463
Wholly Owned Properties [Member] | Mortgages [Member] | Piaseczno [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	1.97%
Outstanding Balance	$ 8,141			8,522
Wholly Owned Properties [Member] | Mortgages [Member] | Rotterdam [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	1.88%
Outstanding Balance	$ 7,633			0
Wholly Owned Properties [Member] | Mortgages [Member] | Strykow [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	1.97%
Outstanding Balance	$ 19,167			20,063
Wholly Owned Properties [Member] | Mortgages [Member] | Uden [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	1.97%
Outstanding Balance	$ 8,913			9,331
Wholly Owned Properties [Member] | Mortgages [Member] | Zaandam [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	2.07%
Outstanding Balance	$ 11,647			12,203
Wholly Owned Properties [Member] | Mortgages [Member] | Meerane [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	1.34%
Outstanding Balance	$ 10,138			0
Wholly Owned Properties [Member] | Mortgages [Member] | Amsterdam [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	1.58%
Outstanding Balance	$ 3,093			0
Wholly Owned Properties [Member] | Mortgages [Member] | Tiel [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	1.58%
Outstanding Balance	$ 9,174			0
Wholly Owned Properties [Member] | Mortgages [Member] | Netherlands Portfolio [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	3.02%
Outstanding Balance	$ 13,409			0
Wholly Owned Properties [Member] | Mortgages [Member] | Kutno [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	1.91%
Outstanding Balance	$ 5,890			0
Wholly Owned Properties [Member] | Mortgages [Member] | European Facility 1 [Member] | Goodman Europe JV [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	0.92%
Outstanding Balance	$ 31,551			93,380
Wholly Owned Properties [Member] | Mortgages [Member] | European Facility 2 [Member] | Goodman Europe JV [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	1.75%
Outstanding Balance	$ 106,917			0
Wholly Owned Properties [Member] | Mortgages [Member] | Worksop [Member] | Gramercy European Property Fund [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	3.94%
Outstanding Balance	$ 10,551			0
Wholly Owned Properties [Member] | Mortgages [Member] | Somerset [Member] | Phillips JV [Member]
Schedule of Equity Method Investments [Line Items]
Interest Rate	6.90%
Outstanding Balance	$ 39,730			40,424
Wholly Owned Properties [Member] | Mortgages [Member] | Lake Forest [Member] | Duke JV [Member]
Schedule of Equity Method Investments [Line Items]
Outstanding Balance	0			8,823
Wholly Owned Properties [Member] | Mortgages [Member] | Tampa [Member] | Duke JV [Member]
Schedule of Equity Method Investments [Line Items]
Outstanding Balance	0			4,231
Wholly Owned Properties [Member] | Mortgages [Member] | Fort Lauderdale [Member] | Duke JV [Member]
Schedule of Equity Method Investments [Line Items]
Outstanding Balance	$ 0			$ 43,051

Unconsolidated Equity Investm68

Unconsolidated Equity Investments (Combined Income Statement for the Company's Joint Ventures) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	May 31, 2016	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Aug. 31, 2016	Jun. 29, 2016	Jun. 09, 2014
Investments in and Advances to Affiliates [Line Items]
Company's equity in net income (loss) within continuing operations			$ 6,470	$ (1,138)	$ (168)	$ (2,755)	$ (133)	$ (1,096)	$ 123	$ (1)	$ 2,409	$ (1,107)	$ 1,959
Bank of America Portfolio [Member]
Investments in and Advances to Affiliates [Line Items]
Voting Interest %							50.00%					50.00%				50.00%
Garrison Investment Group [Member] | Bank of America Portfolio [Member]
Investments in and Advances to Affiliates [Line Items]
Voting Interest %																50.00%
Corporate Joint Venture [Member]
Investments in and Advances to Affiliates [Line Items]
Revenues												$ 12,133	32,648
Operating expenses												3,305	14,204
Acquisition expenses												7,865	0
Interest expense												3,243	6,130
Depreciation and amortization												4,631	8,671
Total expenses												19,044	29,005
Net income (loss) from operations												(6,911)	3,643
Gain (loss) on derivatives												(1,090)	0
Net gain on disposals												0	(215)
Provision for taxes												(49)	(41)
Net income (loss)												(8,050)	3,387
Company's share in net income (loss)												(797)	1,959
Adjustments for REIT basis												(310)	0
Corporate Joint Venture [Member] | Continuing Operations [Member]
Investments in and Advances to Affiliates [Line Items]
Company's equity in net income (loss) within continuing operations												(1,107)	$ 1,959
Gramercy European Property Fund, Total [Member]
Investments in and Advances to Affiliates [Line Items]
Ownership %			14.20%								14.20%
Voting Interest %			14.20%								14.20%
Gramercy European Property Fund, Total [Member] | Corporate Joint Venture [Member] | Europe [Member]
Investments in and Advances to Affiliates [Line Items]
Revenues											$ 50,055
Operating expenses											7,859
Acquisition expenses											10,786
Interest expense											7,378
Depreciation and amortization											21,958
Total expenses											47,981
Net income (loss) from operations											2,074
Gain (loss) on derivatives											(3,551)
Gain (loss) on extinguishment of debt											717
Net gain on disposals											0
Provision for taxes											(1,261)
Net income (loss)											(2,021)
Company's share in net income (loss)											(419)
Adjustments for REIT basis											686
Gramercy European Property Fund, Total [Member] | Corporate Joint Venture [Member] | Europe [Member] | Continuing Operations [Member]
Investments in and Advances to Affiliates [Line Items]
Company's equity in net income (loss) within continuing operations											$ 267
Goodman Europe JV [Member]
Investments in and Advances to Affiliates [Line Items]
Ownership %			5.10%								5.10%				80.00%
Voting Interest %			5.10%								5.10%
Goodman Europe JV [Member] | Gramercy European Property Fund, Total [Member]
Investments in and Advances to Affiliates [Line Items]
Ownership interest acquired	74.90%	20.00%
Ownership %			94.90%								94.90%
Goodman Europe JV [Member] | Corporate Joint Venture [Member]
Investments in and Advances to Affiliates [Line Items]
Revenues												6,172
Operating expenses												2,650
Acquisition expenses												7,865
Interest expense												808
Depreciation and amortization												2,590
Total expenses												13,913
Net income (loss) from operations												(7,741)
Gain (loss) on derivatives												(1,090)
Net gain on disposals												0
Provision for taxes												(37)
Net income (loss)												(8,868)
Company's share in net income (loss)												(1,583)
Adjustments for REIT basis												(72)
Goodman Europe JV [Member] | Corporate Joint Venture [Member] | Continuing Operations [Member]
Investments in and Advances to Affiliates [Line Items]
Company's equity in net income (loss) within continuing operations												(1,655)
Goodman Europe JV [Member] | Corporate Joint Venture [Member] | Europe [Member]
Investments in and Advances to Affiliates [Line Items]
Revenues											$ 24,221
Operating expenses											2,825
Acquisition expenses											4,960
Interest expense											3,128
Depreciation and amortization											10,967
Total expenses											21,880
Net income (loss) from operations											2,341
Gain (loss) on derivatives											0
Gain (loss) on extinguishment of debt											717
Net gain on disposals											0
Provision for taxes											(54)
Net income (loss)											3,004
Company's share in net income (loss)											606
Adjustments for REIT basis											686
Goodman Europe JV [Member] | Corporate Joint Venture [Member] | Europe [Member] | Continuing Operations [Member]
Investments in and Advances to Affiliates [Line Items]
Company's equity in net income (loss) within continuing operations											1,292
Gramercy European Property Fund (excluding legacy Goodman Europe JV) [Member] | Corporate Joint Venture [Member] | Europe [Member]
Investments in and Advances to Affiliates [Line Items]
Revenues											25,834
Operating expenses											5,034
Acquisition expenses											5,826
Interest expense											4,250
Depreciation and amortization											10,991
Total expenses											26,101
Net income (loss) from operations											(267)
Gain (loss) on derivatives											(3,551)
Gain (loss) on extinguishment of debt											0
Net gain on disposals											0
Provision for taxes											(1,207)
Net income (loss)											(5,025)
Company's share in net income (loss)											(1,025)
Adjustments for REIT basis											0
Gramercy European Property Fund (excluding legacy Goodman Europe JV) [Member] | Corporate Joint Venture [Member] | Europe [Member] | Continuing Operations [Member]
Investments in and Advances to Affiliates [Line Items]
Company's equity in net income (loss) within continuing operations											$ (1,025)
Strategic Office Partners [Member]
Investments in and Advances to Affiliates [Line Items]
Ownership %			25.00%								25.00%			25.00%
Voting Interest %			25.00%								25.00%
Strategic Office Partners [Member] | Corporate Joint Venture [Member]
Investments in and Advances to Affiliates [Line Items]
Revenues											$ 6,614
Operating expenses											1,844
Acquisition expenses											635
Interest expense											1,757
Depreciation and amortization											3,440
Total expenses											7,676
Net income (loss) from operations											(1,062)
Gain (loss) on derivatives											510
Gain (loss) on extinguishment of debt											0
Net gain on disposals											0
Provision for taxes											0
Net income (loss)											(552)
Company's share in net income (loss)											(77)
Adjustments for REIT basis											0
Strategic Office Partners [Member] | Corporate Joint Venture [Member] | Continuing Operations [Member]
Investments in and Advances to Affiliates [Line Items]
Company's equity in net income (loss) within continuing operations											$ (77)
Goodman UK JV [Member]
Investments in and Advances to Affiliates [Line Items]
Ownership %			80.00%								80.00%
Voting Interest %			50.00%								50.00%
Goodman UK JV [Member] | Corporate Joint Venture [Member]
Investments in and Advances to Affiliates [Line Items]
Revenues											$ 5,911
Operating expenses											1,000
Acquisition expenses											0
Interest expense											0
Depreciation and amortization											1,681
Total expenses											2,681
Net income (loss) from operations											3,230
Gain (loss) on derivatives											0
Gain (loss) on extinguishment of debt											0
Net gain on disposals											9,421
Provision for taxes											(81)
Net income (loss)											12,570
Company's share in net income (loss)											10,057
Adjustments for REIT basis											(2,820)
Goodman UK JV [Member] | Corporate Joint Venture [Member] | Continuing Operations [Member]
Investments in and Advances to Affiliates [Line Items]
Company's equity in net income (loss) within continuing operations											$ 7,237
Duke JV [Member]
Investments in and Advances to Affiliates [Line Items]
Ownership %			80.00%								80.00%
Voting Interest %			50.00%								50.00%
Duke JV [Member] | Corporate Joint Venture [Member]
Investments in and Advances to Affiliates [Line Items]
Revenues											$ 19,812	1,853
Operating expenses											5,309	565
Acquisition expenses											0	0
Interest expense											602	113
Depreciation and amortization											7,154	700
Total expenses											13,065	1,378
Net income (loss) from operations											6,747	475
Gain (loss) on derivatives											0	0
Gain (loss) on extinguishment of debt											(7,962)
Net gain on disposals											66,705	0
Provision for taxes											0	0
Net income (loss)											65,490	475
Company's share in net income (loss)											50,424	380
Adjustments for REIT basis											(54,390)	(183)
Duke JV [Member] | Corporate Joint Venture [Member] | Continuing Operations [Member]
Investments in and Advances to Affiliates [Line Items]
Company's equity in net income (loss) within continuing operations											$ (3,966)	197
CBRE Strategic Partners Asia [Member]
Investments in and Advances to Affiliates [Line Items]
Ownership %			5.07%								5.07%
Voting Interest %			5.07%								5.07%
CBRE Strategic Partners Asia [Member] | Corporate Joint Venture [Member]
Investments in and Advances to Affiliates [Line Items]
Revenues											$ (19,053)
Operating expenses											1,535
Acquisition expenses											0
Interest expense											0
Depreciation and amortization											0
Total expenses											1,535
Net income (loss) from operations											(20,588)
Gain (loss) on derivatives											0
Gain (loss) on extinguishment of debt											0
Net gain on disposals											0
Provision for taxes											0
Net income (loss)											(20,588)
Company's share in net income (loss)											(1,053)
Adjustments for REIT basis											0
CBRE Strategic Partners Asia [Member] | Corporate Joint Venture [Member] | Continuing Operations [Member]
Investments in and Advances to Affiliates [Line Items]
Company's equity in net income (loss) within continuing operations											(1,053)
Other [Member] | Corporate Joint Venture [Member]
Investments in and Advances to Affiliates [Line Items]
Revenues											4,336	4,108
Operating expenses											466	90
Acquisition expenses											27	0
Interest expense											2,831	2,322
Depreciation and amortization											1,331	1,341
Total expenses											4,655	3,753
Net income (loss) from operations											(319)	355
Gain (loss) on derivatives											0	0
Gain (loss) on extinguishment of debt											0
Net gain on disposals											0	0
Provision for taxes											0	(12)
Net income (loss)											(319)	343
Company's share in net income (loss)											1	406
Adjustments for REIT basis											0	(55)
Other [Member] | Corporate Joint Venture [Member] | Continuing Operations [Member]
Investments in and Advances to Affiliates [Line Items]
Company's equity in net income (loss) within continuing operations											$ 1	$ 351

Debt Obligations (Secured Debt)

Debt Obligations (Secured Debt) (Narrative) (Details) $ in Thousands	Jul. 31, 2014Property	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2016USD ($)Propertymortgage	Dec. 31, 2015USD ($)Property	Dec. 31, 2014USD ($)Property
Debt Instrument [Line Items]
Number of Properties | Property	3									76	143	100
Number of properties associated with loans repaid | Property										22
Loss on extinguishment of debt		$ 0	$ (13,777)	$ (1,356)	$ (5,757)	$ (9,472)	$ 0	$ 0	$ 0	$ (20,890)	$ (9,472)	$ (1,925)
Gain on extinguishment of debt, discontinued operations										1,930	$ 0	0
Chambers Street Properties [Member]
Debt Instrument [Line Items]
Number of Properties | Property											95
US Treasury Securities [Member]
Debt Instrument [Line Items]
Treasury securities value		144,063								144,063
Mortgages [Member]
Debt Instrument [Line Items]
Defeasance of mortgage loan										$ 124,605
Number of properties encumbered by debt that was defeased | Property										11
Mortgages [Member]
Debt Instrument [Line Items]
Non-recourse debt												$ 45,607
Number of mortgages transferred | mortgage										1
Mortgages [Member] | 2016 Acquisitions [Member]
Debt Instrument [Line Items]
Non-recourse debt		244,188								$ 244,188
Number of Properties | Property										27
Mortgages [Member] | 2015 Acquisitions [Member]
Debt Instrument [Line Items]
Non-recourse debt						$ 618,169					$ 618,169
Number of Properties | Property											42
Mortgages [Member] | Chambers Street Properties [Member]
Debt Instrument [Line Items]
Non-recourse debt		$ 464,292								$ 464,292
Number of Properties | Property										29

Debt Obligations (Schedule of M

Debt Obligations (Schedule of Mortgage Notes Payable) (Details) $ in Thousands	Dec. 31, 2016USD ($)PropertySecurityLoan	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
Total mortgage notes payable, net	$ 2,872,940
Number of loans cross-collateralized by properties | SecurityLoan	5
Mortgage Notes Payable [Member]
Debt Instrument [Line Items]
Outstanding Balance	$ 555,484	$ 770,293
Plus net deferred financing costs and net debt premium	3,158	20,633
Total mortgage notes payable, net	558,642	790,926
Less mortgage notes payable, net on assets held for sale	0	(260,704)
Total mortgage notes payable, net	$ 558,642	530,222
Mortgage Notes Payable [Member] | Buford [Member]
Debt Instrument [Line Items]
Interest Rate	4.67%
Outstanding Balance	$ 15,512	15,947
Mortgage Notes Payable [Member] | Woodcliff Lake [Member]
Debt Instrument [Line Items]
Interest Rate	3.04%
Outstanding Balance	$ 35,366	36,681
Mortgage Notes Payable [Member] | Logistics Portfolio - Pool 2 [Member]
Debt Instrument [Line Items]
Interest Rate	4.48%
Outstanding Balance	$ 36,279	0
Number of properties under mortgage | Property	5
Mortgage Notes Payable [Member] | Dallas [Member]
Debt Instrument [Line Items]
Interest Rate	3.05%
Outstanding Balance	$ 9,540	9,754
Mortgage Notes Payable [Member] | Cincinnati [Member]
Debt Instrument [Line Items]
Interest Rate	3.29%
Outstanding Balance	$ 6,628	6,777
Mortgage Notes Payable [Member] | Jacksonville [Member]
Debt Instrument [Line Items]
Interest Rate	3.05%
Outstanding Balance	$ 6,852	7,006
Mortgage Notes Payable [Member] | Phoenix [Member]
Debt Instrument [Line Items]
Interest Rate	3.05%
Outstanding Balance	$ 4,120	4,213
Mortgage Notes Payable [Member] | Minneapolis [Member]
Debt Instrument [Line Items]
Interest Rate	3.05%
Outstanding Balance	$ 6,001	6,136
Mortgage Notes Payable [Member] | Ames [Member]
Debt Instrument [Line Items]
Interest Rate	5.05%
Outstanding Balance	$ 16,436	16,900
Mortgage Notes Payable [Member] | Columbus [Member]
Debt Instrument [Line Items]
Interest Rate	3.57%
Outstanding Balance	$ 19,708	20,644
Mortgage Notes Payable [Member] | Greenwood [Member]
Debt Instrument [Line Items]
Interest Rate	3.59%
Outstanding Balance	$ 7,436	7,610
Mortgage Notes Payable [Member] | Greenfield [Member]
Debt Instrument [Line Items]
Interest Rate	3.63%
Outstanding Balance	$ 6,010	6,150
Mortgage Notes Payable [Member] | Logistics Portfolio - Pool 3 [Member]
Debt Instrument [Line Items]
Interest Rate	3.96%
Outstanding Balance	$ 43,300	0
Number of properties under mortgage | Property	2
Mortgage Notes Payable [Member] | Philadelphia [Member]
Debt Instrument [Line Items]
Interest Rate	4.99%
Outstanding Balance	$ 12,328	12,696
Mortgage Notes Payable [Member] | Columbus [Member]
Debt Instrument [Line Items]
Interest Rate	3.94%
Outstanding Balance	$ 5,908	6,094
Mortgage Notes Payable [Member] | Bridgeview [Member]
Debt Instrument [Line Items]
Interest Rate	3.90%
Outstanding Balance	$ 6,014	0
Mortgage Notes Payable [Member] | KIK Canada Owner [Member]
Debt Instrument [Line Items]
Interest Rate	3.95%
Outstanding Balance	$ 7,914	0
Number of properties under mortgage | Property	2
Mortgage Notes Payable [Member] | Spartanburg [Member]
Debt Instrument [Line Items]
Interest Rate	3.20%
Outstanding Balance	$ 1,025	1,398
Mortgage Notes Payable [Member] | Charleston [Member]
Debt Instrument [Line Items]
Interest Rate	3.11%
Outstanding Balance	$ 986	1,486
Mortgage Notes Payable [Member] | Lawrence [Member]
Debt Instrument [Line Items]
Interest Rate	5.02%
Outstanding Balance	$ 20,703	21,371
Mortgage Notes Payable [Member] | Charlotte [Member]
Debt Instrument [Line Items]
Interest Rate	3.28%
Outstanding Balance	$ 2,217	2,859
Mortgage Notes Payable [Member] | Hawthorne [Member]
Debt Instrument [Line Items]
Interest Rate	3.52%
Outstanding Balance	$ 17,638	18,108
Mortgage Notes Payable [Member] | Charleston [Member]
Debt Instrument [Line Items]
Interest Rate	2.97%
Outstanding Balance	$ 984	1,210
Mortgage Notes Payable [Member] | Charleston [Member]
Debt Instrument [Line Items]
Interest Rate	3.37%
Outstanding Balance	$ 984	1,210
Mortgage Notes Payable [Member] | Charleston [Member]
Debt Instrument [Line Items]
Interest Rate	3.32%
Outstanding Balance	$ 1,001	1,230
Mortgage Notes Payable [Member] | Charlotte [Member]
Debt Instrument [Line Items]
Interest Rate	3.38%
Outstanding Balance	$ 853	1,049
Mortgage Notes Payable [Member] | Des Plaines [Member]
Debt Instrument [Line Items]
Interest Rate	5.54%
Outstanding Balance	$ 2,463	2,537
Mortgage Notes Payable [Member] | Waco [Member]
Debt Instrument [Line Items]
Interest Rate	4.75%
Outstanding Balance	$ 15,187	15,485
Mortgage Notes Payable [Member] | Deerfield [Member]
Debt Instrument [Line Items]
Interest Rate	3.71%
Outstanding Balance	$ 10,804	11,145
Mortgage Notes Payable [Member] | Winston-Salem [Member]
Debt Instrument [Line Items]
Interest Rate	3.41%
Outstanding Balance	$ 4,199	4,998
Mortgage Notes Payable [Member] | Winston-Salem [Member]
Debt Instrument [Line Items]
Interest Rate	3.42%
Outstanding Balance	$ 1,388	1,647
Mortgage Notes Payable [Member] | Logistics Portfolio - Pool 1 [Member]
Debt Instrument [Line Items]
Interest Rate	4.29%
Outstanding Balance	$ 39,002	0
Number of properties under mortgage | Property	3
Mortgage Notes Payable [Member] | CCC Portfolio [Member]
Debt Instrument [Line Items]
Interest Rate	4.46%
Outstanding Balance	$ 23,280	0
Number of properties under mortgage | Property	5
Mortgage Notes Payable [Member] | Logistics Portfolio - Pool 4 [Member]
Debt Instrument [Line Items]
Interest Rate	4.36%
Outstanding Balance	$ 79,500	0
Number of properties under mortgage | Property	6
Mortgage Notes Payable [Member] | KIK USA Portfolio [Member]
Debt Instrument [Line Items]
Interest Rate	4.58%
Outstanding Balance	$ 7,450	0
Number of properties under mortgage | Property	3
Mortgage Notes Payable [Member] | Yuma [Member]
Debt Instrument [Line Items]
Interest Rate	5.27%
Outstanding Balance	$ 12,058	12,247
Mortgage Notes Payable [Member] | Allentown [Member]
Debt Instrument [Line Items]
Interest Rate	5.16%
Outstanding Balance	$ 23,078	23,443
Mortgage Notes Payable [Member] | Spartanburg [Member]
Debt Instrument [Line Items]
Interest Rate	3.72%
Outstanding Balance	$ 6,360	7,040
Mortgage Notes Payable [Member] | Charleston [Member]
Debt Instrument [Line Items]
Interest Rate	3.80%
Outstanding Balance	$ 6,658	7,277
Mortgage Notes Payable [Member] | Hackettstown [Member]
Debt Instrument [Line Items]
Interest Rate	4.95%
Outstanding Balance	$ 9,550	0
Mortgage Notes Payable [Member] | Hutchins [Member]
Debt Instrument [Line Items]
Interest Rate	7.65%
Outstanding Balance	$ 22,764	23,870
Mortgage Notes Payable [Member] | Wilson [Member]
Debt Instrument [Line Items]
Outstanding Balance	0	8,603
Mortgage Notes Payable [Member] | Dividend Capital Portfolio [Member]
Debt Instrument [Line Items]
Outstanding Balance	$ 0	126,161
Number of properties under mortgage | Property	11
Mortgage Notes Payable [Member] | Charlotte [Member]
Debt Instrument [Line Items]
Outstanding Balance	$ 0	13,025
Mortgage Notes Payable [Member] | Coppell [Member]
Debt Instrument [Line Items]
Outstanding Balance	0	10,391
Mortgage Notes Payable [Member] | Jersey City [Member]
Debt Instrument [Line Items]
Outstanding Balance	0	112,000
Mortgage Notes Payable [Member] | Jersey City [Member]
Debt Instrument [Line Items]
Outstanding Balance	0	101,726
Mortgage Notes Payable [Member] | Blue Ash [Member]
Debt Instrument [Line Items]
Outstanding Balance	0	14,896
Mortgage Notes Payable [Member] | Blue Ash [Member]
Debt Instrument [Line Items]
Outstanding Balance	0	13,139
Mortgage Notes Payable [Member] | Blue Ash [Member]
Debt Instrument [Line Items]
Outstanding Balance	0	12,485
Mortgage Notes Payable [Member] | Bloomington [Member]
Debt Instrument [Line Items]
Outstanding Balance	0	19,824
Mortgage Notes Payable [Member] | Bloomington [Member]
Debt Instrument [Line Items]
Outstanding Balance	$ 0	$ 21,825

Debt Obligations (Secured Credi

Debt Obligations (Secured Credit Facility) (Narrative) (Details) - USD ($) $ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2016

Sep. 30, 2016

Jun. 30, 2016

Mar. 31, 2016

Dec. 31, 2015

Sep. 30, 2015

Jun. 30, 2015

Mar. 31, 2015

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

Sep. 04, 2014

Feb. 28, 2014

Debt Instrument [Line Items]

Loss on early extinguishment of debt

$ 0

$ 13,777

$ 1,356

$ 5,757

$ 9,472

$ 0

$ 0

$ 0

$ 20,890

$ 9,472

$ 1,925

Federal Funds Rate [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.50%

LIBOR 30-Day [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.00%

Senior Secured Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Current borrowing capacity

$ 100,000

$ 150,000

Loss on early extinguishment of debt

$ 1,925

Maturity date

Sep. 30, 2015

Line of credit facility, base borrowings, percentage of value

60.00%

Debt Obligations (Unsecured Deb

Debt Obligations (Unsecured Debt) (Narrative) (Details)

Dec. 17, 2015USD ($)

Jun. 09, 2014USD ($)

Dec. 31, 2016USD ($)SecurityLoan

Sep. 30, 2016USD ($)

Jun. 30, 2016USD ($)

Mar. 31, 2016USD ($)

Dec. 31, 2015USD ($)

Sep. 30, 2015USD ($)

Jun. 30, 2015USD ($)

Mar. 31, 2015USD ($)

Dec. 31, 2016USD ($)extensionSecurityLoan

Dec. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Jul. 31, 2015USD ($)

May 31, 2015USD ($)

Debt Instrument [Line Items]

Outstanding Balance

$ 65,837,000

$ 296,724,000

$ 65,837,000

$ 296,724,000

Loss on extinguishment of debt

0

$ (13,777,000)

$ (1,356,000)

$ (5,757,000)

(9,472,000)

$ 0

$ 0

$ 0

$ (20,890,000)

(9,472,000)

$ (1,925,000)

Federal Funds Rate [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.50%

LIBOR 30-Day [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.00%

Line of Credit [Member] | 2014 Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Loss on extinguishment of debt

$ 9,472,000

Term Loan [Member]

Debt Instrument [Line Items]

Unsecured Debt

1,225,000,000

1,225,000,000

$ 1,225,000,000

1,225,000,000

Unsecured Debt [Member]

Debt Instrument [Line Items]

Debt instrument, carrying amount

$ 1,905,837,000

1,736,724,000

$ 1,905,837,000

1,736,724,000

Unsecured Debt [Member] | 2015 Revolving Credit Facility - Multicurrency Tranche [Member]

Debt Instrument [Line Items]

Interest Rate

1.02%

1.02%

Debt instrument, carrying amount

$ 65,837,000

21,724,000

$ 65,837,000

21,724,000

Unsecured Debt [Member] | 2015 Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Interest Rate

1.64%

1.64%

Debt instrument, carrying amount

$ 0

275,000,000

$ 0

275,000,000

Unsecured Debt [Member] | 3-Year Term Loan [Member]

Debt Instrument [Line Items]

Interest Rate

1.85%

1.85%

Debt instrument, carrying amount

$ 300,000,000

300,000,000

$ 300,000,000

300,000,000

Unsecured Debt [Member] | 5-Year Term Loan [Member]

Debt Instrument [Line Items]

Interest Rate

1.85%

1.85%

Debt instrument, carrying amount

$ 750,000,000

750,000,000

$ 750,000,000

750,000,000

Unsecured Debt [Member] | 7-Year Term Loan [Member]

Debt Instrument [Line Items]

Interest Rate

2.14%

2.14%

Debt instrument, carrying amount

$ 175,000,000

175,000,000

$ 175,000,000

175,000,000

Unsecured Debt [Member] | Senior Unsecured Notes [Member]

Debt Instrument [Line Items]

Face amount

$ 400,000,000

$ 100,000,000

$ 400,000,000

$ 100,000,000

Unsecured Revolving Credit And Term Loan Agreement [Member]

Debt Instrument [Line Items]

Face amount

$ 400,000,000

Unsecured Revolving Credit And Term Loan Agreement [Member] | Federal Funds Rate [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.50%

Unsecured Revolving Credit And Term Loan Agreement [Member] | LIBOR 30-Day [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.00%

Unsecured Debt Senior Term Loan [Member]

Debt Instrument [Line Items]

Debt instrument, carrying amount

200,000,000

$ 300,000,000

Unsecured Debt Senior Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Current borrowing capacity

$ 200,000,000

Line of credit facility, duration of extensions

1 year

Unsecured Debt Senior Revolving Credit Facility [Member] | 2014 Revolving Credit Facility - US Dollars Tranche [Member]

Debt Instrument [Line Items]

Current borrowing capacity

$ 350,000,000

Unsecured Debt Senior Revolving Credit Facility [Member] | 2014 Revolving Credit Facility - Multicurrency Tranche [Member]

Debt Instrument [Line Items]

Current borrowing capacity

$ 50,000,000

JPMorgan Chase Bank [Member] | 2015 Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Maximum borrowing capacity

1,900,000,000

Line of credit facility, number of extensions | extension

2

Term of extension

6 months

JPMorgan Chase Bank [Member] | Term Loan [Member] | 3-Year Term Loan [Member]

Debt Instrument [Line Items]

Face amount

300,000,000

Term of instrument

3 years

JPMorgan Chase Bank [Member] | Term Loan [Member] | 5-Year Term Loan [Member]

Debt Instrument [Line Items]

Face amount

750,000,000

Term of instrument

5 years

JPMorgan Chase Bank [Member] | Term Loan [Member] | JPM Term Loan [Member]

Debt Instrument [Line Items]

Line of credit facility, number of extensions | extension

1

Term of extension

12 months

JPMorgan Chase Bank [Member] | Term Loan [Member] | JPM Term Loan [Member] | Federal Funds Rate [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.50%

JPMorgan Chase Bank [Member] | Term Loan [Member] | JPM Term Loan [Member] | LIBOR 30-Day [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.00%

JPMorgan Chase Bank [Member] | Revolving Credit Facility [Member] | Line of Credit [Member] | 2015 Revolving Credit Facility - Multicurrency Tranche [Member]

Debt Instrument [Line Items]

Face amount

100,000,000

JPMorgan Chase Bank [Member] | Revolving Credit Facility [Member] | Line of Credit [Member] | Unsecured Credit Facility [Member]

Debt Instrument [Line Items]

Face amount

850,000,000

JPMorgan Chase Bank [Member] | Revolving Credit Facility [Member] | Line of Credit [Member] | 2015 Revolving Credit Facility - US Dollars Tranche [Member]

Debt Instrument [Line Items]

Face amount

750,000,000

JPMorgan Chase Bank [Member] | Revolving Credit Facility [Member] | Term Loan [Member] | Unsecured Credit Facility [Member]

Debt Instrument [Line Items]

Face amount

1,050,000,000

Capital One [Member] | Term Loan [Member] | 7-Year Term Loan [Member]

Debt Instrument [Line Items]

Face amount

175,000,000

Term of instrument

7 years

Capital One [Member] | Term Loan [Member] | 7-Year Term Loan [Member] | Federal Funds Rate [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.50%

Capital One [Member] | Term Loan [Member] | 7-Year Term Loan [Member] | LIBOR 30-Day [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.00%

Minimum [Member] | Unsecured Debt [Member] | Senior Unsecured Notes [Member]

Debt Instrument [Line Items]

Interest Rate

3.89%

3.89%

Minimum [Member] | Unsecured Revolving Credit And Term Loan Agreement [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.35%

Minimum [Member] | Unsecured Revolving Credit And Term Loan Agreement [Member] | Base Rate [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.35%

Minimum [Member] | JPMorgan Chase Bank [Member] | Term Loan [Member] | JPM Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.90%

Minimum [Member] | JPMorgan Chase Bank [Member] | Term Loan [Member] | JPM Term Loan [Member] | Base Rate [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.00%

Minimum [Member] | JPMorgan Chase Bank [Member] | Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Commitment fee percentage

0.125%

Minimum [Member] | JPMorgan Chase Bank [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.875%

Minimum [Member] | JPMorgan Chase Bank [Member] | Revolving Credit Facility [Member] | Base Rate [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.00%

Minimum [Member] | Capital One [Member] | Term Loan [Member] | 7-Year Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.30%

Minimum [Member] | Capital One [Member] | Term Loan [Member] | 7-Year Term Loan [Member] | Base Rate [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.30%

Maximum [Member] | Unsecured Debt [Member] | Senior Unsecured Notes [Member]

Debt Instrument [Line Items]

Interest Rate

4.97%

4.97%

Maximum [Member] | Unsecured Revolving Credit And Term Loan Agreement [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

2.05%

Maximum [Member] | Unsecured Revolving Credit And Term Loan Agreement [Member] | Base Rate [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.05%

Maximum [Member] | JPMorgan Chase Bank [Member] | Term Loan [Member] | JPM Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.75%

Maximum [Member] | JPMorgan Chase Bank [Member] | Term Loan [Member] | JPM Term Loan [Member] | Base Rate [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.75%

Maximum [Member] | JPMorgan Chase Bank [Member] | Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Commitment fee percentage

0.30%

Maximum [Member] | JPMorgan Chase Bank [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.55%

Maximum [Member] | JPMorgan Chase Bank [Member] | Revolving Credit Facility [Member] | Base Rate [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.55%

Maximum [Member] | Capital One [Member] | Term Loan [Member] | 7-Year Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

2.10%

Maximum [Member] | Capital One [Member] | Term Loan [Member] | 7-Year Term Loan [Member] | Base Rate [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.10%

Chambers Street Properties [Member] | Term Loan [Member]

Debt Instrument [Line Items]

Number of debt instruments | SecurityLoan

4

4

Unsecured Debt

570,000,000

Chambers Street Properties [Member] | Revolving Credit Facility [Member] | Line of Credit [Member]

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 850,000,000

$ 850,000,000

Outstanding Balance

$ 290,000,000

Chambers Street Properties [Member] | Revolving Credit Facility [Member] | Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.30%

Chambers Street Properties [Member] | Minimum [Member] | Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.50%

Chambers Street Properties [Member] | Maximum [Member] | Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.75%

Bank of America Portfolio [Member]

Debt Instrument [Line Items]

Voting Interest %

50.00%

50.00%

50.00%

Bank of America Portfolio [Member] | Mortgages [Member]

Debt Instrument [Line Items]

Repayments of debt

$ 200,000,000

Debt Obligations (Senior Unsecu

Debt Obligations (Senior Unsecured Notes) (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Proceeds from unsecured term loan and credit facility	$ 536,466,000	$ 2,293,612,000	$ 275,000,000
Senior Unsecured Notes [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Face amount	$ 400,000,000	$ 100,000,000

Debt Obligations (Exchangeable

Debt Obligations (Exchangeable Senior Notes) (Narrative) (Details)	Mar. 18, 2014USD ($)$ / shares	Dec. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2015USD ($)	Dec. 17, 2015shares	Dec. 31, 2014
Debt Instrument [Line Items]
Reclassification of fair value of embedded exchange option on 3.75% exchangeable senior notes			$ 11,726,000
Loss on derivative		$ 3,415,000
Convertible Debt [Member] | Exchangeable Senior Notes 3.75% [Member]
Debt Instrument [Line Items]
Face amount	$ 115,000,000
Interest Rate		3.75%			3.75%
Maturity date		Mar. 15, 2019
Redemption price, percentage of principal amount redeemed		100.00%
Conversion ratio	13.4322	14.0843
Conversion of principal per share | $ / shares	$ 1
Conversion price (in usd per share) | $ / shares	$ 74.45
Debt, fair value	$ 106,689,000
Debt instrument, carrying amount		$ 115,000,000
Debt instrument, unamortized discount		6,168,000
Debt instrument, discount, carrying value		108,832,000
Stock redemption costs		$ 142,285,000
Share Price | $ / shares		$ 27.54
Debt instrument, convertible, if-converted value in excess of principal		$ 27,285,000
Chambers Street Properties [Member]
Debt Instrument [Line Items]
Shares issued to shareholders in acquisition (in shares) | shares				3.1898
Chambers Street Properties [Member] | Convertible Debt [Member] | Exchangeable Senior Notes 3.75% [Member]
Debt Instrument [Line Items]
Number of shares issued in acquisition (in shares) | shares		44.9261
Common Shares [Member] | Convertible Debt [Member] | Exchangeable Senior Notes 3.75% [Member]
Debt Instrument [Line Items]
Conversion ratio	42.8460
Conversion price (in usd per share) | $ / shares	$ 23.34	$ 22.26

Debt Obligations (Components of

Debt Obligations (Components of Unsecured Debt Obligations) (Details) - USD ($) $ in Thousands	1 Months Ended		12 Months Ended
	Jan. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Line of Credit Facility [Line Items]
Outstanding Balance		$ 296,724	$ 65,837	$ 296,724
Total			2,872,940
Proceeds from issuance of unsecured debt			536,466	2,293,612	$ 275,000
2015 Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Total			65,837
Unsecured Debt [Member]
Line of Credit Facility [Line Items]
Debt instrument, carrying amount		1,736,724	1,905,837	1,736,724
Plus net deferred financing costs and net debt premium		(9,295)	(9,704)	(9,295)
Total		1,727,429	$ 1,896,133	1,727,429
Unsecured Debt [Member] | 2015 Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Unswapped Interest Rate			1.64%
Effective Interest Rate			1.64%
Debt instrument, carrying amount		275,000	$ 0	275,000
Unsecured Debt [Member] | 2015 Revolving Credit Facility - Multicurrency Tranche [Member]
Line of Credit Facility [Line Items]
Unswapped Interest Rate			1.02%
Effective Interest Rate			1.02%
Debt instrument, carrying amount		21,724	$ 65,837	21,724
Unsecured Debt [Member] | 3-Year Term Loan [Member]
Line of Credit Facility [Line Items]
Unswapped Interest Rate			1.85%
Effective Interest Rate			2.33%
Debt instrument, carrying amount		300,000	$ 300,000	300,000
Unsecured Debt [Member] | 5-Year Term Loan [Member]
Line of Credit Facility [Line Items]
Unswapped Interest Rate			1.85%
Effective Interest Rate			2.70%
Debt instrument, carrying amount		750,000	$ 750,000	750,000
Unsecured Debt [Member] | 7-Year Term Loan [Member]
Line of Credit Facility [Line Items]
Unswapped Interest Rate			2.14%
Effective Interest Rate			3.34%
Debt instrument, carrying amount		175,000	$ 175,000	175,000
Unsecured Debt [Member] | 2015 Senior Notes Due 2024 [Member]
Line of Credit Facility [Line Items]
Unswapped Interest Rate			4.97%
Effective Interest Rate			5.07%
Debt instrument, carrying amount		100,000	$ 150,000	100,000
Proceeds from issuance of unsecured debt	$ 50,000	100,000
Unsecured Debt [Member] | 2016 Senior Notes Due 2022 [Member]
Line of Credit Facility [Line Items]
Unswapped Interest Rate			3.89%
Effective Interest Rate			4.00%
Debt instrument, carrying amount		0	$ 150,000	0
Unsecured Debt [Member] | 2016 Senior Notes Due 2025 [Member]
Line of Credit Facility [Line Items]
Unswapped Interest Rate			4.26%
Effective Interest Rate			4.37%
Debt instrument, carrying amount		0	$ 100,000	0
Unsecured Debt [Member] | 2016 Senior Notes Due 2026 [Member]
Line of Credit Facility [Line Items]
Unswapped Interest Rate			4.32%
Effective Interest Rate			4.43%
Debt instrument, carrying amount		0	$ 100,000	0
Unsecured Debt [Member] | Exchangeable Senior Notes [Member]
Line of Credit Facility [Line Items]
Unswapped Interest Rate			3.75%
Effective Interest Rate			6.36%
Debt instrument, carrying amount		$ 115,000	$ 115,000	$ 115,000

Debt Obligations (Schedule of76

Debt Obligations (Schedule of Maturities of Long-term Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Long-term Debt, Fiscal Year Maturity [Abstract]
Total	$ 2,872,940
Long-term Debt, Interest Payments, Fiscal Year Maturity [Abstract]
2017, interest	77,676
2018, interest	78,412
2019, interest	68,102
2020, interest	65,495
2021, interest	39,555
Thereafter, interest	88,925
Above / below market interest, interest	(6,546)
Interest payments, total	411,619
Long-term Debt and Interest, Fiscal Year Maturity [Abstract]
2017, total	143,292
2018, total	249,508
2019, total	523,936
2020, total	191,360
2021, total	805,840
Thereafter, total	965,550
Above / below market interest, total	(6,546)
Exchangeable Senior Notes 3.75% [Member]
Long-term Debt, Fiscal Year Maturity [Abstract]
2,017	0
2,018	0
2,019	115,000
2,020	0
2,021	0
Thereafter	0
Total	115,000
Long-term Debt, Interest Payments, Fiscal Year Maturity [Abstract]
Above / below market interest, interest	0
2015 Revolving Credit Facility [Member]
Long-term Debt, Fiscal Year Maturity [Abstract]
2,017	0
2,018	0
2,019	0
2,020	65,837
2,021	0
Thereafter	0
Total	65,837
Long-term Debt, Interest Payments, Fiscal Year Maturity [Abstract]
Above / below market interest, interest	0
Senior Unsecured Notes [Member]
Long-term Debt, Fiscal Year Maturity [Abstract]
2,017	0
2,018	0
2,019	0
2,020	0
2,021	0
Thereafter	500,000
Total	500,000
Long-term Debt, Interest Payments, Fiscal Year Maturity [Abstract]
Above / below market interest, interest	0
Unsecured Debt [Member]
Long-term Debt, Fiscal Year Maturity [Abstract]
Total	1,896,133	$ 1,727,429
Term Loans [Member]
Long-term Debt, Fiscal Year Maturity [Abstract]
2,017	0
2,018	0
2,019	300,000
2,020	0
2,021	750,000
Thereafter	175,000
Total	1,225,000
Long-term Debt, Interest Payments, Fiscal Year Maturity [Abstract]
Above / below market interest, interest	0
Mortgage Notes Payable [Member]
Long-term Debt, Fiscal Year Maturity [Abstract]
2,017	65,616
2,018	171,096
2,019	40,834
2,020	60,028
2,021	16,285
Thereafter	201,625
Total	555,484
Long-term Debt, Interest Payments, Fiscal Year Maturity [Abstract]
Above / below market interest, interest	$ 0

Leasing Agreements (Narrative)

Leasing Agreements (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Leases, Operating [Abstract]
Operating leases expiration year	2,039
Rent expense on ground leases	$ 2,093	$ 1,582	$ 853

Leasing Agreements (Schedule of

Leasing Agreements (Schedule of Future Minimum Rental Payments) (Details) $ in Thousands	Dec. 31, 2016USD ($)
Leases, Operating [Abstract]
2,017	$ 381,147
2,018	380,280
2,019	353,816
2,020	323,931
2,021	298,444
Thereafter	1,599,561
Total minimum lease rental income	$ 3,337,179

Transactions with Director Re79

Transactions with Director Related Entities and Related Parties (Narrative) (Details) € in Thousands, $ in Thousands	Jun. 30, 2016USD ($)	Jun. 30, 2016EUR (€)	May 31, 2016USD ($)ft²	May 31, 2016EUR (€)ft²	Jul. 31, 2014Property	Feb. 28, 2017USD ($)	Jan. 31, 2017USD ($)	Dec. 31, 2016USD ($)Propertydirectorplatform	Dec. 31, 2016EUR (€)	Jan. 31, 2015USD ($)ft²Property	Jun. 30, 2013USD ($)ft²	Dec. 31, 2016USD ($)Propertydirectorplatform	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)Propertydirectorplatform	Dec. 31, 2016EUR (€)Property	Dec. 31, 2015USD ($)Property	Dec. 31, 2015EUR (€)Property	Dec. 31, 2014USD ($)Property	Dec. 31, 2016EUR (€)Propertydirectorplatform	Jun. 29, 2016
Related Party Transaction [Line Items]
Contributions to unconsolidated equity investments																$ 76,856		$ 25,663
Proceeds from sale of ownership interest in equity method investment																97,932		0		$ 3,841
Gain on sale of European unconsolidated equity investment interests held with a related party												$ 0	$ 0	$ 5,341	$ 0	5,341		0		$ 0
Investments in joint ventures								$ 101,807				$ 101,807				$ 101,807		$ 580,000
Number of properties acquired | Property					3											76	76	143	143	100
Purchase price																$ 1,580,002		$ 3,718,616
KTR Capital Partners [Member]
Related Party Transaction [Line Items]
Number of properties acquired | Property										3
Purchase price										$ 19,750
Lille [Member] | Gramercy European Property Fund [Member]
Related Party Transaction [Line Items]
Proceeds from sale of real estate								$ 2,662	€ 2,563
Europe [Member]
Related Party Transaction [Line Items]
Number of platforms | platform								2				2				2					2
Minnesota [Member] | Duke Realty [Member]
Related Party Transaction [Line Items]
Number of properties partially leased | Property								1				1				1					1
Area of properties leased | ft²			30,777	30,777
Area of real estate property | ft²			322,551	322,551
Payments for lease																$ 333
Milwaukee, Wisconsin [Member] | KTR Capital Partners [Member]
Related Party Transaction [Line Items]
Area of real estate property | ft²										450,000
Chief Executive Officer [Member] | Gramercy Europe [Member]
Related Party Transaction [Line Items]
Investments in joint ventures								$ 1,388				$ 1,388				1,388					€ 1,250
Managing Directors [Member] | Gramercy Europe [Member]
Related Party Transaction [Line Items]
Investments in joint ventures								$ 1,388				$ 1,388				1,388					€ 1,250
Fifth Fee Owner Llc [Member]
Related Party Transaction [Line Items]
Area of real estate property | ft²											6,580
Payments for rent																381		375		$ 368
Fifth Fee Owner Llc [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Operating leases, rent expense, minimum											$ 368					1,318
Fifth Fee Owner Llc [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Operating leases, rent expense, minimum											$ 466					$ 1,402
Goodman Europe JV [Member]
Related Party Transaction [Line Items]
Ownership %								5.10%				5.10%				5.10%					5.10%	80.00%
Proceeds from sale of ownership interest in equity method investment	$ 148,884	€ 134,336
Goodman Europe JV [Member] | Gramercy European Property Fund [Member]
Related Party Transaction [Line Items]
Ownership %								94.90%				94.90%				94.90%					94.90%
Ownership interest sold	74.90%	74.90%	20.00%	20.00%
Proceeds from sale of ownership interest in equity method investment			$ 47,633	€ 42,766
Gain on sale of European unconsolidated equity investment interests held with a related party																$ 5,341
Gramercy European Property Fund [Member]
Related Party Transaction [Line Items]
Ownership %								14.20%				14.20%				14.20%					14.20%
Contributions to unconsolidated equity investments																$ 55,892	€ 50,000	$ 25,663	€ 23,160
Number of properties acquired | Property																13	13	12	12
Gramercy Europe Asset [Member]
Related Party Transaction [Line Items]
Number of managing directors | director								2				2				2					2
Subsequent Event [Member]
Related Party Transaction [Line Items]
Proceeds from sale of real estate						$ 25,250
Subsequent Event [Member] | Fifth Fee Owner Llc [Member]
Related Party Transaction [Line Items]
Lease termination fee							$ 158

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)Property	Dec. 31, 2015USD ($)Property	Dec. 31, 2014USD ($)Property
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of real estate properties impaired	1	0
Change in net unrealized loss on derivative instruments | $	$ 5,634	$ (2,885)	$ (3,002)
Number of real estate properties sold	24	7	0
Assets Held-for-sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Properties held for sale	0	6
Number of real estate properties sold	6

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule of Carrying Value and Fair Value of Financial Instruments) (Details) $ in Thousands	Dec. 31, 2016USD ($)Property	Dec. 31, 2015USD ($)Property	Dec. 31, 2014USD ($)
Financial assets:
Retained CDO Bonds, Carrying Value	$ 11,906	$ 7,471
Retained CDO Bonds, Fair Value	11,906	7,471
Equity method investment, Carrying Value	101,807	580,000	$ 0
Real estate investments classified as held-for-sale at Merger closing, Carrying Value	0	420,485
Financial liabilities:
Derivative instruments, Carrying Value	0	3,442
Derivative instruments, Fair Value	0	3,442
Line of credit, Carrying Value	65,837	296,724
Line of credit, Fair Value	65,897	297,394
Mortgage notes payable, Carrying Value	558,642	770,293
Mortgage notes payable, Fair Value	567,705	805,590
Senior Unsecured Notes, Carrying Value	496,464	100,000
Senior Unsecured Notes, Fair Value	498,650	100,528
Exchangeable senior notes, Carrying Value	108,832	109,394
Exchangeable senior notes, Fair Value	115,625	115,524
Total mortgage notes payable, net	2,872,940
CBRE Strategic Partners Asia [Member]
Financial assets:
Equity method investment, Carrying Value	4,145	5,508
Investments, Fair Value	4,145	5,508
3-Year Term Loan [Member]
Financial liabilities:
Term Loans, Carrying Value	300,000	300,000
Term Loans, Fair Value	300,213	300,349
5-Year Term Loan [Member]
Financial liabilities:
Term Loans, Carrying Value	750,000	750,000
Term Loans, Fair Value	750,959	751,304
7-Year Term Loan [Member]
Financial liabilities:
Term Loans, Carrying Value	175,000	175,000
Term Loans, Fair Value	$ 172,850	175,338
Assets Held-for-sale [Member]
Financial assets:
Real estate investments classified as held-for-sale at Merger closing, Carrying Value		$ 420,485
Financial liabilities:
Number of properties held-for-sale | Property	0	6
Mortgages [Member]
Financial liabilities:
Total mortgage notes payable, net	$ 555,484
Mortgages [Member] | Assets Held-for-sale [Member]
Financial liabilities:
Total mortgage notes payable, net		$ 260,704
Long-term debt, Fair Value	263,308
Chambers Street Properties [Member] | Assets Held-for-sale [Member]
Financial assets:
Real estate investments classified as held-for-sale at Merger closing, Carrying Value	2,413	393,984
Real estate investments classified as held-for-sale at Merger closing, Fair Value	2,413	393,984
Interest Rate Swaps [Member]
Financial assets:
Interest rate swaps	3,769	0
Financial liabilities:
Derivative instruments, Carrying Value	700	0
Derivative instruments, Fair Value	$ 700	$ 0

Fair Value Measurements (Sche82

Fair Value Measurements (Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis) (Details) - Estimate of Fair Value Measurement [Member] - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	$ 22,233	$ 406,963
Financial Liabilities	(700)	(3,442)
Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Liabilities	(700)	(3,442)
Retained CDO Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	11,906	7,471
Investment in CBRE Strategic Partners Asia [Member] | Real Estate Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	2,413
Investment in CBRE Strategic Partners Asia [Member] | Equity Method Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	4,145	5,508
Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	3,769
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	0	0
Financial Liabilities	0	0
Fair Value, Inputs, Level 1 [Member] | Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Liabilities	0	0
Fair Value, Inputs, Level 1 [Member] | Retained CDO Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	0	0
Fair Value, Inputs, Level 1 [Member] | Investment in CBRE Strategic Partners Asia [Member] | Real Estate Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	0
Fair Value, Inputs, Level 1 [Member] | Investment in CBRE Strategic Partners Asia [Member] | Equity Method Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	0	0
Fair Value, Inputs, Level 1 [Member] | Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	0	0
Financial Liabilities	0	0
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Liabilities	0	0
Fair Value, Inputs, Level 2 [Member] | Retained CDO Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	0	0
Fair Value, Inputs, Level 2 [Member] | Investment in CBRE Strategic Partners Asia [Member] | Real Estate Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	0
Fair Value, Inputs, Level 2 [Member] | Investment in CBRE Strategic Partners Asia [Member] | Equity Method Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	0	0
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	22,233	406,963
Financial Liabilities	(700)	(3,442)
Fair Value, Inputs, Level 3 [Member] | Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Liabilities	(700)	(3,442)
Fair Value, Inputs, Level 3 [Member] | Retained CDO Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	11,906	7,471
Fair Value, Inputs, Level 3 [Member] | Investment in CBRE Strategic Partners Asia [Member] | Real Estate Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	2,413
Fair Value, Inputs, Level 3 [Member] | Investment in CBRE Strategic Partners Asia [Member] | Equity Method Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	4,145	5,508
Fair Value, Inputs, Level 3 [Member] | Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	$ 3,769
Chambers Street Properties [Member] | Assets Held-for-sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets		393,984
Chambers Street Properties [Member] | Fair Value, Inputs, Level 1 [Member] | Assets Held-for-sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets		0
Chambers Street Properties [Member] | Fair Value, Inputs, Level 2 [Member] | Assets Held-for-sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets		0
Chambers Street Properties [Member] | Fair Value, Inputs, Level 3 [Member] | Assets Held-for-sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets		$ 393,984

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value, Assets and Liabilities Measured on Recurring Basis, Valuation Techniques) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Retained CDO Bonds, Fair Value	$ 11,906	$ 7,471
CBRE Strategic Partners Asia [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value	$ 4,145	$ 5,508
Discount rate	20.00%
Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, Fair Value	$ 3,069
Derivative liability, aggregate value	$ 700
Interest Rate Swaps [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	1.25%
Interest Rate Swaps [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	2.45%
Collateralized Debt Obligations Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Retained CDO Bonds, Fair Value	$ 11,906
Discount rate	16.50%

Fair Value Measurements (Fair84

Fair Value Measurements (Fair Value, Financial Assets (Liabilities) Measured on Recurring Basis, Unobservable Input Reconciliation) (Details) - Fair Value, Inputs, Level 3 [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 9,537
Amortization of discounts or premiums	1,746
Unrealized gain in other comprehensive income from fair value adjustment	2,689
Total income on fair value adjustments	(1,049)
Purchase price allocation adjustments	(314)
Ending balance	19,120
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Termination of derivative instrument	8
Ineffective portion of change in derivative instruments	869
Unrealized gain on derivatives	5,634
Collateralized Debt Obligations Bonds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	7,471
Amortization of discounts or premiums	1,746
Unrealized gain in other comprehensive income from fair value adjustment	2,689
Ending balance	11,906
CBRE Strategic Partners Asia [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	5,508
Total income on fair value adjustments	(1,049)
Purchase price allocation adjustments	(314)
Ending balance	4,145
Interest Rate Swaps [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance	(3,442)
Ineffective portion of change in derivative instruments	869
Unrealized gain on derivatives	5,634
Ending balance	$ 3,069

Derivative and Hedging Instru85

Derivative and Hedging Instruments (Schedule of Derivative Instruments) (Details) - Not Designated as Hedging Instrument [Member] £ in Thousands, $ in Thousands	Dec. 31, 2016USD ($)	Dec. 31, 2016GBP (£)
Derivative [Line Items]
Fair Value	$ 3,069
Interest Rate Swap Strike Rate 4.55% [Member]
Derivative [Line Items]
Notional Value	$ 15,187
Strike Rate	4.55%	4.55%
Fair Value	$ (441)
Interest Rate Swap Strike Rate 1.78% [Member]
Derivative [Line Items]
Notional Value	$ 19,708
Strike Rate	1.78%	1.78%
Fair Value	$ (181)
Interest Rate Swap Strike Rate 1.95% [Member]
Derivative [Line Items]
Notional Value	$ 5,908
Strike Rate	1.95%	1.95%
Fair Value	$ (78)
Interest Rate Swap Strike Rate 1.22% [Member]
Derivative [Line Items]
Notional Value	$ 100,000
Strike Rate	1.22%	1.22%
Fair Value	$ 109
Interest Rate Swap Strike Rate 1.23% [Member]
Derivative [Line Items]
Notional Value	$ 100,000
Strike Rate	1.23%	1.23%
Fair Value	$ 100
Interest Rate Swap Strike Rate 1.24% [Member]
Derivative [Line Items]
Notional Value	$ 100,000
Strike Rate	1.24%	1.24%
Fair Value	$ 79
Interest Rate Swap Strike Rate 1.60% [Member]
Derivative [Line Items]
Notional Value	$ 750,000
Strike Rate	1.60%	1.60%
Fair Value	$ 2,552
Interest Rate Swap Strike Rate 1.82% [Member]
Derivative [Line Items]
Notional Value	$ 175,000
Strike Rate	1.82%	1.82%
Fair Value	$ 929
Net Investment Hedge in EUR-denominated Investments [Member]
Derivative [Line Items]
Notional Value	45,000
Fair Value	0
Net Investment Hedge in GBP-denominated Investments [Member]
Derivative [Line Items]
Notional Value | £		£ 15,000
Fair Value	$ 0

Derivative and Hedging Instru86

Derivative and Hedging Instruments (Narrative) (Details)	Jun. 30, 2016	May 31, 2016	Dec. 31, 2016USD ($)instrument	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2016USD ($)instrument	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Jun. 29, 2016
Derivative [Line Items]
Swap gain (losses)											$ 869,000	$ (600,000)	$ 0
Interest expense			$ 18,163,000	$ 18,409,000	$ 16,909,000	$ 21,953,000	$ 11,438,000	$ 9,227,000	$ 7,728,000	$ 6,270,000	75,434,000	34,663,000	$ 16,586,000
Interest Rate Swaps [Member]
Derivative [Line Items]
Assets at fair value			3,769,000								3,769,000
Net liability of derivative			700,000								700,000
Hedge ineffectiveness					$ 2,564,000
Amounts reclassified from OCI											6,968,000
Recognized in interest expense in 12 months			$ 1,087,000								$ 1,087,000
Interest Rate Swaps [Member] | 2015 Revolving Credit Facility [Member]
Derivative [Line Items]
Number of derivative instruments | instrument			2								2
Interest Rate Swaps [Member] | 2014 Term Loan [Member]
Derivative [Line Items]
Interest expense											$ 1,187,000	$ 1,179,000
Interest expense to be recognized											$ 2,649,000
Interest Rate Swaps [Member] | Mortgages [Member] | Chambers Street Properties [Member]
Derivative [Line Items]
Number of derivative instruments | instrument			3								3
Net Investment Hedge in Gramercy European Property Fund [Member]
Derivative [Line Items]
Net liability of derivative			$ 65,837,000								$ 65,837,000
Hedge ineffectiveness											5,154,000
Foreign Exchange Forward [Member]
Derivative [Line Items]
Net loss recognized											$ 22,000
Goodman Europe JV [Member]
Derivative [Line Items]
Ownership %			5.10%								5.10%			80.00%
Minimum [Member] | 5- and 7- Year Term Loans [Member]
Derivative [Line Items]
Interest Rate	0.00%				0.00%
Gramercy European Property Fund [Member] | Goodman Europe JV [Member]
Derivative [Line Items]
Ownership interest sold	74.90%	20.00%
Ownership %			94.90%								94.90%

Stockholders' Equity (Deficit87

Stockholders' Equity (Deficit) (Narrative) (Details)	1 Months Ended				12 Months Ended
	Dec. 31, 2016$ / sharesshares	Jun. 30, 2016shares	Apr. 30, 2015USD ($)$ / sharesshares	Feb. 28, 2015	Dec. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2015USD ($)$ / sharesshares	Dec. 31, 2014USD ($)	Feb. 29, 2016USD ($)	Dec. 17, 2015$ / sharesshares
Class of Stock [Line Items]
Capital units, authorized	500,000,000				500,000,000	1,000,000,000
Capital stock, par value (in usd per share) | $ / shares	$ 0.01				$ 0.01
Common stock, shares authorized	490,000,000				490,000,000	990,000,000
Common stock, par value (in usd per share) | $ / shares	$ 0.01				$ 0.01	$ 0.01			$ 0.01
Cumulative redeemable preferred stock, shares authorized	10,000,000				10,000,000
Cumulative redeemable preferred stock, par value (in usd per share) | $ / shares	$ 0.01				$ 0.01
Common stock, shares issued	140,647,971				140,647,971	140,174,384
Reverse stock split ratio	0.3333			0.25	0.3333
Ordinary income dividend percent					68.00%
Capital gains dividend percent					26.30%
Return of capital dividends percent					5.70%
Shares registered for DRIP		3,333,333
Shares remaining for DRIP	3,332,636				3,332,636
Dividend reinvestment program proceeds (in shares)					697
Authorized repurchase amount (in usd) | $								$ 100,000
Issuance of stock			10,393,432
Shares issued, price per share (in usd per share) | $ / shares			$ 26.10
Proceeds from sale of common stock (in usd) | $			$ 259,325,000		$ 16,000	$ 289,910,000	$ 627,183,000
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Cumulative redeemable preferred stock, shares authorized	3,500,000				3,500,000	3,500,000
Cumulative redeemable preferred stock, par value (in usd per share) | $ / shares	$ 0.01				$ 0.01	$ 0.01
Cumulative redeemable preferred stock, shares issued	3,500,000				3,500,000	3,500,000
Underwriters [Member]
Class of Stock [Line Items]
Issuance of stock			1,355,665
Chambers Street Properties [Member]
Class of Stock [Line Items]
Shares issued to shareholders in acquisition									3.1898

Stockholders' Equity (Deficit88

Stockholders' Equity (Deficit) (Summary of Common Dividends) (Details) - $ / shares	3 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016
Equity [Abstract]
Common dividend per share	$ 0.375	$ 0.330	$ 0.330	$ 0.330
Preferred dividend per share	$ 0.445	$ 0.445	$ 0.445	$ 0.445

Stockholders' Equity (Deficit89

Stockholders' Equity (Deficit) (Summary of Restricted Stock and Restricted Stock Units) (Details) - Restricted Stock and Restricted Stock Units (RSUs) [Member]	12 Months Ended
	Dec. 31, 2016shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested awards at beginning of period (in shares)	450,355
Granted (in shares)	150,736
Vested (in shares)	(184,138)
Lapsed or canceled (in shares)	(33)
Nonvested awards at end of period (in shares)	416,920

Stockholders' Equity (Deficit90

Stockholders' Equity (Deficit) (At-The-Marketing Equity Offering Program) (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended			12 Months Ended
	Jan. 31, 2017	Apr. 30, 2015	Sep. 30, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Class of Stock [Line Items]
Issuance of stock				$ 16	$ 289,900	$ 715,334
Issuance of stock (in shares)		10,393,432
At Market Offering Program [Member]
Class of Stock [Line Items]
Issuance of stock (in shares)					698,259
Proceeds from issuance of common stock, net					$ 18,292
At Market Offering Program [Member] | Scenario, Plan [Member]
Class of Stock [Line Items]
Issuance of stock			$ 100,000
Subsequent Event [Member]
Class of Stock [Line Items]
Gross sales price	$ 375,000

Stockholders' Equity (Deficit91

Stockholders' Equity (Deficit) (Preferred Stock) (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 17, 2015	Sep. 30, 2014	Sep. 12, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Class of Stock [Line Items]
Preferred stock redemption costs				$ 0	$ 0	$ 2,912
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Proceeds from issuance of preferred stock		$ 81,638
Preferred stock redemption costs		$ 2,912
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares outstanding				3,500,000	3,500,000
Preferred stock, liquidation preference per share (in usd per share)		$ 25		$ 25
7.125% Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, dividend rate (in usd per share)				$ 1.78125
8.125% Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, rate		8.125%
Preferred stock, dividend rate (in usd per share)						$ 2.03125
Preferred stock, liquidation preference per share (in usd per share)		$ 25.32161
Preferred stock, dividends paid (in usd per share)			$ 0.32161
Chambers Street Properties [Member] | Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, rate	7.125%
Shares issued in exchange (in shares)	3,500,000
Chambers Street Properties [Member] | 7.125% Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, rate	7.125%

Stockholders' Equity (Deficit92

Stockholders' Equity (Deficit) (Equity Incentive Plans) (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended	9 Months Ended	12 Months Ended
	Jul. 31, 2012	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 17, 2015	Jun. 30, 2012
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested units				98,086
Unvested restricted shares outstanding (in shares)		98,086		98,086
Long-term Incentive Plan Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested units				329,757	0
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested restricted shares outstanding (in shares)		318,807		318,807	228,066	186,849
2016 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)		4,000,000		4,000,000
2012 Inducement Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)								4,784,700
Grant date fair value	$ 6,125
2012 Outperformance Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value	2,715
Share-based compensation expense		$ 2,325			$ 1,952	$ 1,570
Share based compensation expense, not yet recognized		$ 8,154		$ 8,154
Share based compensation expense, not yet recognized, period of recognition				43 months
Shares earned and vested (in shares)		329,757		329,757
Unvested restricted shares outstanding (in shares)		329,757		329,757
2015 Equity Incentive Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)		3,414,280		3,414,280
Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)				973,372
Shares vesting percentage				67.20%
Equity Incentive Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		$ 2,313			1,360	950
Share based compensation expense, not yet recognized		$ 5,100		$ 5,100
Share based compensation expense, not yet recognized, period of recognition				35 months
Equity Incentive Plan [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense				$ 0	$ 137	$ 53
Contractual term				82 months
Scenario, Plan [Member] | Long Term Incentive Plan Lower Threshold [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price (in usd per share)		$ 18.81		$ 18.81
Scenario, Plan [Member] | Long Term Incentive Plan Upper Threshold [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price (in usd per share)		$ 33.87		$ 33.87
Maximum [Member] | Scenario, Plan [Member] | LTIP $9.00 Per Share Threshold [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity awards issued under inducement plan fair value of grant	20,000
Minimum [Member] | Scenario, Plan [Member] | LTIP $5.00 Per Share Threshold [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity awards issued under inducement plan fair value of grant	$ 4,000
Chambers Street Properties [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued to shareholders in acquisition (in shares)							3.1898
Executive Officer [Member] | Long-term Incentive Plan Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate grant date fair value		$ 7,552		$ 7,552
Grants in period (in shares)				568,990
Executive Officer [Member] | Period One [Member] | Long-term Incentive Plan Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			50.00%
Executive Officer [Member] | Period Two [Member] | Long-term Incentive Plan Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			50.00%

Stockholders' Equity (Deficit93

Stockholders' Equity (Deficit) (Stock Option Valuation Assumptions) (Details)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Equity [Abstract]
Dividend yield	5.63%	2.50%
Expected life of option	2 years 9 months 18 days	5 years
Risk-free interest rate	1.20%	1.81%
Expected share price volatility	25.50%	41.00%

Stockholders' Equity (Deficit94

Stockholders' Equity (Deficit) (Schedule of Activity of Share-Based Compensation, Stock Options) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Balance at beginning of period (in shares) - options outstanding	112,477	54,998	90,665
Granted (in shares) - options outstanding	0	59,011	7,975
Exercised (in shares) - options outstanding	(15,948)	0	(7,975)
Lapsed or cancelled (in shares) - options outstanding	(11,921)	(1,532)	(35,667)
Balance at end of the period (in shares) - options outstanding	84,608	112,477	54,998
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Balance at beginning of period (in dollars per share) - weighted average exercise price	$ 35.04	$ 48.24	$ 55.29
Granted (in dollars per share) - weighted average exercise price	0	22.23	21.78
Exercised (in dollars per share) - weighted average exercise price	10.51	0	11.37
Lapsed or cancelled (in dollars per share) - weighted average exercise price	65.68	14.76	68.58
Balance at end of period (in dollars per share) - weighted average exercise price	$ 35.36	$ 35.04	$ 48.24

Stockholders' Equity (Deficit95

Stockholders' Equity (Deficit) (Employee Stock Purchase Plan) (Narrative) (Details) - shares	12 Months Ended
	Dec. 31, 2016	Jan. 01, 2008
Equity [Abstract]
Employee stock purchase plan, shares allocated for issuance		66,454
Percentage of market value of common stock	85.00%

Stockholders' Equity (Deficit96

Stockholders' Equity (Deficit) (Deferred Stock Compensation Plan for Directors) (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 17, 2015	Dec. 31, 2014	Dec. 31, 2013
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Cash awarded	$ 916
Outstanding	84,608	112,477		54,998	90,665
Phantom Share Units (PSUs) [Member]
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Outstanding		136,904
Director [Member] | Phantom Share Units (PSUs) [Member]
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Deferred fees, percentage	100.00%
Chambers Street Properties [Member]
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Shares issued to shareholders in acquisition (in shares)			3.1898

Stockholders' Equity (Deficit97

Stockholders' Equity (Deficit) (Schedule of Calculation of Numerator and Denominator in Earnings Per Share) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016		Dec. 31, 2015		Dec. 31, 2014
Numerator - Income (loss)
Net income (loss) from continuing operations	$ 4,287	$ (3,411)	$ 23,565	$ (5,693)	$ (51,509)	$ 1,659	$ (607)	$ 24	$ 18,748		$ (50,433)		$ 55,193
Net income (loss) from discontinued operations	354	347	58	4,640	858	(41)	120	(62)	5,399		875		(524)
Income (loss) before net gain on disposals	4,641	(3,064)	23,623	(1,053)	(50,651)	1,618	(487)	(38)	24,147		(49,558)		54,669
Net gain on disposals	1,541	2,336	0	0	246	392	201	0	3,877		839		0
Gain on sale of European unconsolidated equity investment interests held with a related party	0	0	5,341	0					5,341		0		0
Net income (loss)	6,182	(728)	28,964	(1,053)	(50,405)	2,010	(286)	(38)	33,365		(48,719)		54,669
Net (income) loss attributable to noncontrolling interest	145	(221)	(51)	120	748	(20)	21	42	(7)		791		236
Preferred share redemption costs									0		0		(2,912)
Less: Nonforfeitable dividends allocated to participating shareholders									(841)		(104)		(13)
Preferred share dividends	$ (1,558)	$ (1,559)	$ (1,558)	$ (1,559)	$ (1,558)	$ (1,559)	$ (1,558)	$ (1,559)	(6,234)		(6,234)		(7,349)
Net income (loss) available to common shares outstanding									$ 26,283		$ (54,266)		$ 44,631
Denominator - Weighted Average shares:
Weighted average shares outstanding (in shares)									140,192,424		60,698,716		27,860,728
Effect of dilutive securities
Unvested share based payment awards (in shares)									35,144		0		334,915
Option (in shares)									14,179		0		13,933
Phantom stock units (in shares)									0		0		157,439
OP Units (in shares)									0		0		274,821
Exchangeable Senior Notes (in shares)									767,274		0		0
Diluted shares (in shares)	141,228,218	140,257,503	142,514,202	140,060,405	72,879,409	62,561,210	59,131,174	49,705,119	141,009,021	[1]	60,698,716	[1]	28,641,836	[1]
[1]	Adjusted for the 1-for-3 reverse share split completed on December 30, 2016. Refer to Note 12 for further information related to the reverse share split.

Stockholders' Equity (Deficit98

Stockholders' Equity (Deficit) (Earnings per Share) (Narrative) (Details) - $ / shares	3 Months Ended	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Class of Stock [Line Items]
Weighted average common stock price, benchmark for exclusion of conversion premium (in usd per share)			$ 23.28
Equity Option [Member]
Class of Stock [Line Items]
Value of securities excluded from computation of EPS	17,659
Stock Compensation Plan [Member]
Class of Stock [Line Items]
Value of securities excluded from computation of EPS	1,044,416
OP Units [Member]
Class of Stock [Line Items]
Value of securities excluded from computation of EPS	518,336
Exchangeable Senior Notes [Member]
Class of Stock [Line Items]
Value of securities excluded from computation of EPS	157,385
Outside Interests in Operating Partnership [Member]
Class of Stock [Line Items]
Value of securities excluded from computation of EPS		696,662

Stockholders' Equity (Deficit99

Stockholders' Equity (Deficit) (Schedule of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Equity [Abstract]
Net unrealized loss on derivative securities	$ (440)	$ (6,074)	$ (3,189)
Net unrealized gain (loss) on debt instruments	3,699	1,010	(466)
Gain on net investment hedge	5,168	14	0
Write-off on non-derivative net investment hedge	(652)	0	0
Other foreign currency translation adjustments	(11,252)	(656)	(48)
Reclassification of accumulated foreign currency translation adjustments due to disposal	(3,737)	0	0
Disposition of European Investment	1,944	0	0
Reclassification of swap gain (loss) into interest expense	1,142	(45)	0
Total accumulated other comprehensive loss	$ (4,128)	$ (5,751)	$ (3,703)

Noncontrolling Interest (Narrat

Noncontrolling Interest (Narrative) (Details) $ / shares in Units, $ in Thousands	Jul. 31, 2014Propertyshares	Dec. 31, 2016USD ($)Property$ / sharesshares	Dec. 31, 2015USD ($)Property$ / sharesshares	Dec. 31, 2014USD ($)Property	Dec. 17, 2015$ / shares
Noncontrolling Interest [Line Items]
Number of Properties | Property	3	76	143	100
Common stock, par value (in usd per share) | $ / shares		$ 0.01	$ 0.01		$ 0.01
Noncontrolling interest in operating partnership (in usd) | $		$ 8,643	$ 10,892	$ 16,129
Noncontrolling interest in other partnerships | $		$ (321)	$ (249)
Operating Partnership Units [Member]
Noncontrolling Interest [Line Items]
Temporary equity, shares issued	1,004,363
Temporary equity, shares outstanding		313,839
Capital shares reserved for future issuance		313,839
Shares converted		156,452	151,043
Long-term Incentive Plan Units [Member]
Noncontrolling Interest [Line Items]
Capital shares reserved for future issuance		329,757
Vested units		329,757	0
GPT Property Trust Limited Partnership [Member]
Noncontrolling Interest [Line Items]
Ownership percentage by noncontrolling owners		0.46%

Noncontrolling Interest (Noncon

Noncontrolling Interest (Noncontrolling Interest in the Operating Partnership) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance at beginning of period	$ 10,892	$ 16,129
Redemption of noncontrolling interests in the Operating Partnership	(4,159)	(3,788)
Net income (loss) attribution	84	(376)
Fair value adjustments	2,404	(739)
Dividends	(578)	(334)
Balance at end of period	$ 8,643	$ 10,892

Commitments and Contingencie102

Commitments and Contingencies (Narrative) (Details) € in Thousands, $ in Thousands	1 Months Ended					12 Months Ended
	Feb. 28, 2017USD ($)	Jan. 31, 2017USD ($)	Apr. 30, 2015USD ($)	Jun. 30, 2013USD ($)ft²	Dec. 31, 2010USD ($)	Dec. 31, 2016USD ($)ft²Propertylawsuit	Dec. 31, 2016EUR (€)	Dec. 31, 2015USD ($)Property	Dec. 31, 2015EUR (€)	Dec. 31, 2014USD ($)	Dec. 31, 2016EUR (€)ft²Propertylawsuit	Sep. 30, 2016USD ($)	Aug. 31, 2016USD ($)
Commitments And Contingencies [Line Items]
Contributions to unconsolidated equity investments						$ 76,856		$ 25,663
Investment in unconsolidated equity investment						101,807		580,000		$ 0
Proceeds from sales of unconsolidated equity investment interests held with a related party						$ 151,546		$ 0		0
Number of Properties | Property						46		41			46
Rent expense						$ 1,816		$ 775		601
Rent, year one						2,247
Rent, year two						2,262
Rent expense on ground leases						2,093		1,582		853
Assets under capital leases						16,312		2,758		$ 2,780
Herald Square Property [Member]
Commitments And Contingencies [Line Items]
Ownership %					45.00%
Proceeds from sales of unconsolidated equity investment interests held with a related party					$ 25,600
Carrying amount of mortgages					86,100
London Office [Member]
Commitments And Contingencies [Line Items]
Rent, year one						388
Rent, year two						394
Fifth Fee Owner Llc [Member]
Commitments And Contingencies [Line Items]
Area of real estate property | ft²				6,580
New York State Division Of Taxation and Finance | Herald Square Property [Member]
Commitments And Contingencies [Line Items]
Interest accrued								271
Additional interest accrued						0		68
NYC DOF [Member]
Commitments And Contingencies [Line Items]
Tax settlement			$ 4,025
NYC DOF [Member] | Herald Square Property [Member]
Commitments And Contingencies [Line Items]
Real estate tax expense					2,924
NYS DOT [Member]
Commitments And Contingencies [Line Items]
Tax settlement			$ 617
NYS DOT [Member] | Herald Square Property [Member]
Commitments And Contingencies [Line Items]
Real estate tax expense					$ 446
Minimum [Member] | Fifth Fee Owner Llc [Member]
Commitments And Contingencies [Line Items]
Operating leases, rent expense, minimum				$ 368		1,318
Maximum [Member] | Fifth Fee Owner Llc [Member]
Commitments And Contingencies [Line Items]
Operating leases, rent expense, minimum				$ 466		1,402
Chambers Street Properties [Member]
Commitments And Contingencies [Line Items]
Estimate of possible loss						360
Chambers Street Properties [Member] | Minimum [Member]
Commitments And Contingencies [Line Items]
Estimate of possible loss						0
Chambers Street Properties [Member] | Maximum [Member]
Commitments And Contingencies [Line Items]
Estimate of possible loss						360
Proportion Foods [Member]
Commitments And Contingencies [Line Items]
Amount committed						38,826
Gramercy European Property Fund [Member]
Commitments And Contingencies [Line Items]
Contributions to unconsolidated equity investments						55,892	€ 50,000	25,663	€ 23,160
Initial equity capital available						13,146					€ 12,500
Investment in unconsolidated equity investment						$ 50,367		$ 23,381
Ownership %						14.20%					14.20%
Number of Properties | Property						26		12			26
Strategic Office JV [Member]
Commitments And Contingencies [Line Items]
Commitment amount						$ 400,000
Investment in unconsolidated equity investment						$ 15,872		$ 0					$ 16,027
Ownership %						25.00%					25.00%		25.00%
Number of Properties | Property						6		0			6
Strategic Office JV [Member] | GPT [Member]
Commitments And Contingencies [Line Items]
Commitment amount						$ 100,000						$ 100,000
Lawsuits filed in New York [Member] | Pending Litigation [Member]
Commitments And Contingencies [Line Items]
Number of claims | lawsuit						2					2
Lawsuits filed in Baltimore City [Member] | Pending Litigation [Member]
Commitments And Contingencies [Line Items]
Number of claims | lawsuit						4					4
Original lawsuits filed in Baltimore City [Member] | Pending Litigation [Member]
Commitments And Contingencies [Line Items]
Number of claims | lawsuit						2					2
Operating Expense Reimbursement Audits [Member] | Pending Litigation [Member]
Commitments And Contingencies [Line Items]
Contingency accrual								$ 8,000
Operating Expense Reimbursement Audits [Member] | Pending Litigation [Member] | Minimum [Member]
Commitments And Contingencies [Line Items]
Estimate of possible loss								8,000
Operating Expense Reimbursement Audits [Member] | Pending Litigation [Member] | Maximum [Member]
Commitments And Contingencies [Line Items]
Estimate of possible loss								$ 13,000
Build-to-suit Property [Member]
Commitments And Contingencies [Line Items]
Properties obligated to build | Property						2					2
Regional Offices [Member]
Commitments And Contingencies [Line Items]
Number of Properties | Property						7					7
Round Rock [Member] | Build-to-suit Property [Member]
Commitments And Contingencies [Line Items]
Area of real estate property | ft²						240,411					240,411
Summerville [Member] | Build-to-suit Property [Member]
Commitments And Contingencies [Line Items]
Area of real estate property | ft²						240,800					240,800
Subsequent Event [Member] | Fifth Fee Owner Llc [Member]
Commitments And Contingencies [Line Items]
Lease termination fee		$ 158
Subsequent Event [Member] | Operating Expense Reimbursement Audits [Member] | Settled Litigation [Member]
Commitments And Contingencies [Line Items]
Settlement payments	$ 3,500

Commitments and Contingencie103

Commitments and Contingencies (Schedule of Future Minimum Rental Payments) (Details) $ in Thousands	Dec. 31, 2016USD ($)
Ground Leases - Operating
2017, operating	$ 2,247
2018, operating	2,262
2019, operating	2,271
2020, operating	2,263
2021, operating	2,231
Thereafter, operating	61,857
Total minimum rent expense, operating	73,131
Ground Leases - Capital
2017, capital	0
2018, capital	1
2019, capital	0
2020, capital	0
2021, capital	0
Thereafter, capital	329
Total minimum rent expense, capital	330
Total
2,017	2,247
2,018	2,263
2,019	2,271
2,020	2,263
2,021	2,231
Thereafter	62,186
Total minimum rent expense	$ 73,461

Income Taxes (Schedule of Compo

Income Taxes (Schedule of Components of Income Tax Expense (Benefit)) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current:
Federal									$ (2,198)	$ (859)	$ (1,235)
State and local									(962)	(1,009)	323
Total current									(3,160)	(1,868)	(912)
Deferred:
Federal									0	(228)	197
State and local									0	(57)	(94)
Total deferred									0	(285)	103
Total income tax expense	$ 574	$ (331)	$ (2,700)	$ (703)	$ (37)	$ (985)	$ (17)	$ (1,114)	$ 3,160	$ 2,153	$ 809

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2016USD ($)subsidiary	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Income Tax Contingency [Line Items]
Total income tax benefit (provision)	$ 574	$ (331)	$ (2,700)	$ (703)	$ (37)	$ (985)	$ (17)	$ (1,114)	$ 3,160	$ 2,153	$ 809
Net deferred tax assets	0				$ 453				$ 0	$ 453
Number of subsidiaries | subsidiary									6
Operating loss carryforwards	$ 33,600								$ 33,600
Capital loss carryforwards expiration duration									5 years
Maximum [Member]
Income Tax Contingency [Line Items]
Operating loss carryforwards expiration duration									20 years

Income Taxes (Reconciliation of

Income Taxes (Reconciliation of Effective Income Tax Rate) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Income tax expense at federal statutory rate									$ (12,781)	$ 16,020	$ (19,500)
Tax effect of REIT election									10,583	(17,328)	18,501
State and local taxes, net of federal benefit									(953)	(839)	194
Permanent difference									(9)	(6)	(4)
Valuation allowance									0	0	0
Total income tax expense	$ 574	$ (331)	$ (2,700)	$ (703)	$ (37)	$ (985)	$ (17)	$ (1,114)	$ 3,160	$ 2,153	$ 809

Segment Reporting (Narrative) (

Segment Reporting (Narrative) (Details)	12 Months Ended
	Dec. 31, 2016segment
Segment Reporting [Abstract]
Number of operating segments	2
Number of reportable segments	2

Segment Reporting (Evaluation o

Segment Reporting (Evaluation of Performance by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Total revenues	$ 126,202	$ 131,092	$ 139,425	$ 120,545	$ 69,977	$ 65,213	$ 54,147	$ 47,935	$ 517,264	$ 237,272	$ 107,940
Equity in net income (loss) from unconsolidated equity investments	6,470	(1,138)	(168)	(2,755)	(133)	(1,096)	123	(1)	2,409	(1,107)	1,959
Total operating and interest expense									(472,997)	(274,973)	(116,201)
Other income (expenses)									(27,928)	(11,625)	61,495
Income (loss) from continuing operations	4,287	(3,411)	23,565	(5,693)	(51,509)	1,659	(607)	24	18,748	(50,433)	55,193
Assets:
Total assets	5,603,527				5,834,518				5,603,527	5,834,518
Depreciation and amortization									241,527	97,654	36,408
Net impairment recognized in earnings									0	0	4,816
Loss on derivative instruments									0	0	(3,300)
Gain on dissolution of previously held U.S. unconsolidated equity investment interests									7,229	0	0
Loss on extinguishment of debt	0	(13,777)	(1,356)	(5,757)	(9,472)	0	0	0	(20,890)	(9,472)	(1,925)
Impairment of real estate investments	10,054	1,053	0	0					11,107	0	0
Total income tax benefit (provision)	574	$ (331)	$ (2,700)	$ (703)	(37)	$ (985)	$ (17)	$ (1,114)	3,160	2,153	809
Asset Management [Member]
Segment Reporting Information [Line Items]
Total revenues									36,039	22,248	25,033
Equity in net income (loss) from unconsolidated equity investments									0	0	0
Total operating and interest expense									(21,660)	(20,212)	(20,319)
Other income (expenses)									(2,547)	(1,482)	(809)
Income (loss) from continuing operations									11,832	554	3,905
Assets:
Total assets	21,004				5,882				21,004	5,882
Investments/Corporate [Member]
Segment Reporting Information [Line Items]
Total revenues									481,225	215,024	82,907
Equity in net income (loss) from unconsolidated equity investments									2,409	(1,107)	1,959
Total operating and interest expense									(451,337)	(254,761)	(95,882)
Other income (expenses)									(25,381)	(10,143)	62,304
Income (loss) from continuing operations									6,916	(50,987)	$ 51,288
Assets:
Total assets	$ 5,582,523				$ 5,828,636				$ 5,582,523	$ 5,828,636

Supplemental Cash Flow Infor109

Supplemental Cash Flow Information (Non-Cash Activities Recognized in Other Comprehensive Income (Loss)) (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Supplemental Cash Flow Elements [Abstract]
Interest paid	$ 77,081	$ 30,303	$ 12,096
Income taxes paid	2,906	1,730	1,565
Proceeds from 1031 exchanges from sale of real estate	723,863	0	0
Use of funds from 1031 exchanges for acquisitions of real estate	(723,831)	0	0
Non-cash activity:
Net assets acquired in Merger in exchange for common stock	$ 0	$ 1,829,241	$ 0
Common stock registered in exchange for net assets acquired in Merger	0	1,829,241	0
Consolidation of real estate investments - unconsolidated equity investment interests	$ 0	$ 0	$ 106,294
Real estate acquired for units of noncontrolling interests in the Operating Partnership	0	0	22,670
Fair value adjustment to noncontrolling interest in the Operating Partnership	2,404	(769)	2,636
Debt assumed in acquisition of real estate	244,188	618,169	45,607
Debt transferred in disposition of real estate	(101,432)	0	0
Distribution of real estate assets from unconsolidated equity investment	263,015	0	0
Treasury securities transferred in connection with defeasance of notes payable	(144,063)	0	0
Transfer of defeased note payable	124,605	0	0
Contribution of real estate assets as investment in unconsolidated equity investments	(182,168)	0	0
Common stock issued for acquisition of Gramercy Europe Asset Management	0	0	652
Redemption of units of noncontrolling interest in the Operating Partnership for common shares	$ (4,159)	$ (3,784)	$ (8,727)

Selected Quarterly Financial110

Selected Quarterly Financial Data (Schedule of Quarterly Financial Information) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016		Dec. 31, 2015		Dec. 31, 2014		Dec. 17, 2015
Condensed Financial Statements, Captions [Line Items]
Total revenues	$ 126,202	$ 131,092	$ 139,425	$ 120,545	$ 69,977	$ 65,213	$ 54,147	$ 47,935	$ 517,264		$ 237,272		$ 107,940
Operating Income	25,460	31,297	37,469	25,475	(30,429)	12,967	7,015	7,409	119,701		(3,038)		8,325
Interest Expense	(18,163)	(18,409)	(16,909)	(21,953)	(11,438)	(9,227)	(7,728)	(6,270)	(75,434)		(34,663)		(16,586)
Equity in net income (loss) of unconsolidated equity investments	6,470	(1,138)	(168)	(2,755)	(133)	(1,096)	123	(1)	2,409		(1,107)		1,959
Gain on remeasurement of previously held unconsolidated equity investment interests	0	0	7,229	0					0		0		72,345
Loss on extinguishment of debt	0	(13,777)	(1,356)	(5,757)	(9,472)	0	0	0	(20,890)		(9,472)		(1,925)
Impairment of real estate investments	(10,054)	(1,053)	0	0					(11,107)		0		0
Provision for taxes	(574)	331	2,700	703	37	985	17	1,114	(3,160)		(2,153)		(809)
Income (loss) from continuing operations	4,287	(3,411)	23,565	(5,693)	(51,509)	1,659	(607)	24	18,748		(50,433)		55,193
Net income (loss) from discontinued operations	354	347	58	4,640	858	(41)	120	(62)	5,399		875		(524)
Income (loss) before net gain on disposals	4,641	(3,064)	23,623	(1,053)	(50,651)	1,618	(487)	(38)	24,147		(49,558)		54,669
Gain on sale of European unconsolidated equity investment interests held with a related party	0	0	5,341	0					5,341		0		0
Net gain on disposals	1,541	2,336	0	0	246	392	201	0	3,877		839		0
Net income (loss)	6,182	(728)	28,964	(1,053)	(50,405)	2,010	(286)	(38)	33,365		(48,719)		54,669
Net (income) loss attributable to noncontrolling interest	145	(221)	(51)	120	748	(20)	21	42	(7)		791		236
Net income (loss) attributable to Gramercy Property Trust	6,327	(949)	28,913	(933)	(49,657)	1,990	(265)	4	33,358		(47,928)		54,905
Preferred share dividends	(1,558)	(1,559)	(1,558)	(1,559)	(1,558)	(1,559)	(1,558)	(1,559)	(6,234)		(6,234)		(7,349)
Net income (loss) available to common shareholders	$ 4,769	$ (2,508)	$ 27,355	$ (2,492)	$ (51,215)	$ 431	$ (1,823)	$ (1,555)	$ 27,124		$ (54,162)		$ 44,644
Basic earnings per share:
Net loss from continuing operations, net of non-controlling interest and after preferred dividends (in dollars per share)	$ 0.03	$ (0.02)	$ 0.19	$ (0.05)	$ (0.71)	$ 0.01	$ (0.03)	$ (0.03)	$ 0.15	[1]	$ (0.90)	[1]	$ 1.62	[1]
Net income (loss) from discontinued operations (in usd per share)	0	0	0	0.03	0.01	0	0	0	0.04	[1]	0.01	[1]	(0.02)	[1]
Net income (loss) available to common stockholders (in usd per share)	0.03	(0.02)	0.19	(0.02)	(0.70)	0.01	(0.03)	(0.03)	0.19	[1]	(0.89)	[1]	1.60	[1]
Diluted earnings per share:
Net loss from continuing operations, net of non-controlling interest and after preferred dividends (in dollars per share)	0.03	(0.02)	0.19	(0.05)	(0.71)	0.01	(0.03)	(0.03)	0.15	[1]	(0.90)	[1]	1.58	[1]
Net income (loss) from discontinued operations (in dollars per share)	0	0	0	0.03	0.01	0	0	0	0.04	[1]	0.01	[1]	(0.02)	[1]
Net income (loss) available to common stockholders (in usd per share)	$ 0.03	$ (0.02)	$ 0.19	$ (0.02)	$ (0.70)	$ 0.01	$ (0.03)	$ (0.03)	$ 0.19	[1]	$ (0.89)	[1]	$ 1.56	[1]
Basic weighted average common shares outstanding (in shares)	140,298,149	140,257,503	140,776,976	140,060,405	72,879,409	61,315,165	59,131,174	49,705,119	140,192,424	[1]	60,698,716	[1]	27,860,728	[1]
Diluted weighted average common shares and common share equivalents outstanding (in shares)	141,228,218	140,257,503	142,514,202	140,060,405	72,879,409	62,561,210	59,131,174	49,705,119	141,009,021	[1]	60,698,716	[1]	28,641,836	[1]
Chambers Street Properties [Member]
Diluted earnings per share:
Shares issued to shareholders in acquisition (in shares)															3.1898
[1]	Adjusted for the 1-for-3 reverse share split completed on December 30, 2016. Refer to Note 12 for further information related to the reverse share split.

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) $ / shares in Units, $ in Thousands	1 Months Ended		3 Months Ended					12 Months Ended
	Feb. 28, 2017USD ($)ft²Property	Jan. 31, 2017USD ($)	Mar. 31, 2017$ / shares	Dec. 31, 2016$ / shares	Sep. 30, 2016$ / shares	Jun. 30, 2016$ / shares	Mar. 31, 2016$ / shares	Dec. 31, 2016Property	Dec. 31, 2015Property	Dec. 31, 2014Property
Subsequent Event [Line Items]
Common dividend per share (in usd per share) | $ / shares				$ 0.375	$ 0.330	$ 0.330	$ 0.330
Number of real estate properties sold | Property								24	7	0
Subsequent Event [Member]
Subsequent Event [Line Items]
Gross sales price		$ 375,000
Common dividend per share (in usd per share) | $ / shares			$ 0.375
Number of real estate properties sold | Property	1
Area of properties sold | ft²	71,504
Proceeds from sale of real estate	$ 25,250
Operating Expense Reimbursement Audits [Member] | Settled Litigation [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Settlement payments	$ 3,500

Schedule II Valuation and Qu112

Schedule II Valuation and Qualifying Accounts (Details) - Tenant and Other Receivables-Allowance [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	$ 204	$ 188	$ 449
Additions Charged to Costs and Expenses	77	(63)	107
Deductions	(224)	79	(368)
Balance at End of Year	$ 57	$ 204	$ 188

Schedule III - Real Estate I113

Schedule III - Real Estate Investments (Rollforward of Carrying Values of Real Estate Investments Held-for-Investment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Investment in real estate:
Balance at end of year	$ 4,858,389
Accumulated depreciation:
Balance at end of year	201,525
Continuing Operations [Member]
Investment in real estate:
Balance at beginning of year	4,016,304	$ 1,067,620	$ 337,712
Improvements	51,427	22,734	15,202
Business acquisitions	1,407,171	3,018,585	714,706
Acquisitions designated as held for sale	28,611	348,582	0
Change in held for sale	(28,611)	(348,582)	0
Write-off of fully depreciated assets	(1,556)	(358)	0
Impairments	(11,195)	(356)	0
Property sales	(603,762)	(91,921)	0
Balance at end of year	4,858,389	4,016,304	1,067,620
Accumulated depreciation:
Balance at beginning of year	84,627	27,598	4,247
Depreciation expense	127,984	59,145	23,351
Write-off of fully depreciated assets	(1,556)	(358)	0
Change in held for sale	0	0	0
Property sales	(9,530)	(1,758)	0
Balance at end of year	$ 201,525	$ 84,627	$ 27,598

Schedule III - Real Estate I114

Schedule III - Real Estate Investments (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Valuation and Qualifying Accounts Disclosure [Line Items]
Federal tax basis	$ 5,287,421
Building [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Property, plant and equipment, useful life	40 years
Minimum [Member] | Building Equipment and Fixtures [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Property, plant and equipment, useful life	5 years
Maximum [Member] | Building Equipment and Fixtures [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Property, plant and equipment, useful life	10 years

Schedule III - Real Estate I115

Schedule III - Real Estate Investments (Schedule of Real Estate Investments) (Details) $ in Thousands	Dec. 31, 2016USD ($)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 558,642
Initial Costs - Land	805,264
Initial Costs - Building and Improvements	3,966,081
Work in Progress and Costs Capitalized Subsequent To Acquisition	87,044
Gross Amount - Land	805,264
Gross Amount - Building and Improvements	4,053,125
Total Amount on Land and Building Improvements	4,858,389
Accumulated Depreciation	(201,525)
Greenwood [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	7,402
Initial Costs - Land	1,200
Initial Costs - Building and Improvements	12,002
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,200
Gross Amount - Building and Improvements	12,002
Total Amount on Land and Building Improvements	13,202
Accumulated Depreciation	(1,424)
Greenfield [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	5,979
Initial Costs - Land	600
Initial Costs - Building and Improvements	9,357
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	600
Gross Amount - Building and Improvements	9,357
Total Amount on Land and Building Improvements	9,957
Accumulated Depreciation	(1,051)
Olive Branch [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,250
Initial Costs - Building and Improvements	18,891
Work in Progress and Costs Capitalized Subsequent To Acquisition	35
Gross Amount - Land	2,250
Gross Amount - Building and Improvements	18,926
Total Amount on Land and Building Improvements	21,176
Accumulated Depreciation	(1,950)
Garland [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,200
Initial Costs - Building and Improvements	6,081
Work in Progress and Costs Capitalized Subsequent To Acquisition	1,109
Gross Amount - Land	2,200
Gross Amount - Building and Improvements	7,190
Total Amount on Land and Building Improvements	9,390
Accumulated Depreciation	(1,466)
East Brunswick [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	5,700
Initial Costs - Building and Improvements	4,626
Work in Progress and Costs Capitalized Subsequent To Acquisition	139
Gross Amount - Land	5,700
Gross Amount - Building and Improvements	4,765
Total Amount on Land and Building Improvements	10,465
Accumulated Depreciation	(794)
Atlanta [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,700
Initial Costs - Building and Improvements	4,949
Work in Progress and Costs Capitalized Subsequent To Acquisition	(261)
Gross Amount - Land	1,700
Gross Amount - Building and Improvements	4,688
Total Amount on Land and Building Improvements	6,388
Accumulated Depreciation	(662)
Bellmawr [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	540
Initial Costs - Building and Improvements	2,992
Work in Progress and Costs Capitalized Subsequent To Acquisition	(90)
Gross Amount - Land	540
Gross Amount - Building and Improvements	2,902
Total Amount on Land and Building Improvements	3,442
Accumulated Depreciation	(297)
Hialeah Gardens [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	4,839
Initial Costs - Building and Improvements	1,437
Work in Progress and Costs Capitalized Subsequent To Acquisition	19,996
Gross Amount - Land	4,839
Gross Amount - Building and Improvements	21,433
Total Amount on Land and Building Improvements	26,272
Accumulated Depreciation	(1,340)
Deer Park [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,596
Initial Costs - Building and Improvements	1,926
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,596
Gross Amount - Building and Improvements	1,926
Total Amount on Land and Building Improvements	3,522
Accumulated Depreciation	(511)
Elkridge [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,589
Initial Costs - Building and Improvements	3,034
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,589
Gross Amount - Building and Improvements	3,034
Total Amount on Land and Building Improvements	5,623
Accumulated Depreciation	(707)
Houston [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	3,251
Initial Costs - Building and Improvements	2,650
Work in Progress and Costs Capitalized Subsequent To Acquisition	134
Gross Amount - Land	3,251
Gross Amount - Building and Improvements	2,784
Total Amount on Land and Building Improvements	6,035
Accumulated Depreciation	(1,267)
Orlando [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,644
Initial Costs - Building and Improvements	2,904
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,644
Gross Amount - Building and Improvements	2,904
Total Amount on Land and Building Improvements	4,548
Accumulated Depreciation	(826)
Hutchins [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	24,431
Initial Costs - Land	10,867
Initial Costs - Building and Improvements	40,104
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	10,867
Gross Amount - Building and Improvements	40,104
Total Amount on Land and Building Improvements	50,971
Accumulated Depreciation	(9,038)
Swedesboro [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,070
Initial Costs - Building and Improvements	9,603
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,070
Gross Amount - Building and Improvements	9,603
Total Amount on Land and Building Improvements	10,673
Accumulated Depreciation	(987)
Atlanta [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	224
Initial Costs - Building and Improvements	3,150
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	224
Gross Amount - Building and Improvements	3,150
Total Amount on Land and Building Improvements	3,374
Accumulated Depreciation	(855)
Manassas [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	890
Initial Costs - Building and Improvements	2,796
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	890
Gross Amount - Building and Improvements	2,796
Total Amount on Land and Building Improvements	3,686
Accumulated Depreciation	(309)
Manassas One [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	546
Initial Costs - Building and Improvements	3,401
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	546
Gross Amount - Building and Improvements	3,401
Total Amount on Land and Building Improvements	3,947
Accumulated Depreciation	(367)
Yuma [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	11,944
Initial Costs - Land	1,897
Initial Costs - Building and Improvements	16,275
Work in Progress and Costs Capitalized Subsequent To Acquisition	18
Gross Amount - Land	1,897
Gross Amount - Building and Improvements	16,293
Total Amount on Land and Building Improvements	18,190
Accumulated Depreciation	(2,166)
Austin [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,017
Initial Costs - Building and Improvements	6,527
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,017
Gross Amount - Building and Improvements	6,527
Total Amount on Land and Building Improvements	7,544
Accumulated Depreciation	(783)
Galesburg [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	300
Initial Costs - Building and Improvements	903
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	300
Gross Amount - Building and Improvements	903
Total Amount on Land and Building Improvements	1,203
Accumulated Depreciation	(126)
Lawrence [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	20,145
Initial Costs - Land	2,168
Initial Costs - Building and Improvements	27,485
Work in Progress and Costs Capitalized Subsequent To Acquisition	(37)
Gross Amount - Land	2,168
Gross Amount - Building and Improvements	27,448
Total Amount on Land and Building Improvements	29,616
Accumulated Depreciation	(2,869)
Peru [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	869
Initial Costs - Building and Improvements	4,438
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	869
Gross Amount - Building and Improvements	4,438
Total Amount on Land and Building Improvements	5,307
Accumulated Depreciation	(495)
Waco [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	15,061
Initial Costs - Land	1,615
Initial Costs - Building and Improvements	17,940
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,615
Gross Amount - Building and Improvements	17,940
Total Amount on Land and Building Improvements	19,555
Accumulated Depreciation	(1,676)
Chicago [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	3,070
Initial Costs - Building and Improvements	1,983
Work in Progress and Costs Capitalized Subsequent To Acquisition	25
Gross Amount - Land	3,070
Gross Amount - Building and Improvements	2,008
Total Amount on Land and Building Improvements	5,078
Accumulated Depreciation	(451)
Allentown [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	22,965
Initial Costs - Land	4,767
Initial Costs - Building and Improvements	25,468
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	4,767
Gross Amount - Building and Improvements	25,468
Total Amount on Land and Building Improvements	30,235
Accumulated Depreciation	(3,461)
Vernon [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	5,400
Initial Costs - Building and Improvements	9,420
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	5,400
Gross Amount - Building and Improvements	9,420
Total Amount on Land and Building Improvements	14,820
Accumulated Depreciation	(962)
Des Plaines [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,439
Initial Costs - Land	1,512
Initial Costs - Building and Improvements	3,720
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,512
Gross Amount - Building and Improvements	3,720
Total Amount on Land and Building Improvements	5,232
Accumulated Depreciation	(621)
Elgin [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,675
Initial Costs - Building and Improvements	4,712
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,675
Gross Amount - Building and Improvements	4,712
Total Amount on Land and Building Improvements	6,387
Accumulated Depreciation	(395)
Harrisburg [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,896
Initial Costs - Building and Improvements	5,689
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,896
Gross Amount - Building and Improvements	5,689
Total Amount on Land and Building Improvements	7,585
Accumulated Depreciation	(719)
ElK Grove Village [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	5,876
Initial Costs - Building and Improvements	12,618
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	5,876
Gross Amount - Building and Improvements	12,618
Total Amount on Land and Building Improvements	18,494
Accumulated Depreciation	(1,234)
Tampa [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,839
Initial Costs - Building and Improvements	6,589
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,839
Gross Amount - Building and Improvements	6,589
Total Amount on Land and Building Improvements	8,428
Accumulated Depreciation	(758)
Ames [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	16,544
Initial Costs - Land	2,650
Initial Costs - Building and Improvements	20,364
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,650
Gross Amount - Building and Improvements	20,364
Total Amount on Land and Building Improvements	23,014
Accumulated Depreciation	(2,064)
Buford [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	15,724
Initial Costs - Land	3,495
Initial Costs - Building and Improvements	19,452
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	3,495
Gross Amount - Building and Improvements	19,452
Total Amount on Land and Building Improvements	22,947
Accumulated Depreciation	(1,894)
Wilson [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	633
Initial Costs - Building and Improvements	14,073
Work in Progress and Costs Capitalized Subsequent To Acquisition	48
Gross Amount - Land	633
Gross Amount - Building and Improvements	14,121
Total Amount on Land and Building Improvements	14,754
Accumulated Depreciation	(1,224)
Arlington Heights [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,205
Initial Costs - Building and Improvements	14,595
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,205
Gross Amount - Building and Improvements	14,595
Total Amount on Land and Building Improvements	16,800
Accumulated Depreciation	(1,248)
Medley [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	7,503
Initial Costs - Building and Improvements	624
Work in Progress and Costs Capitalized Subsequent To Acquisition	(381)
Gross Amount - Land	7,503
Gross Amount - Building and Improvements	243
Total Amount on Land and Building Improvements	7,746
Accumulated Depreciation	(27)
Medley One [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	3,300
Initial Costs - Building and Improvements	141
Work in Progress and Costs Capitalized Subsequent To Acquisition	(100)
Gross Amount - Land	3,300
Gross Amount - Building and Improvements	41
Total Amount on Land and Building Improvements	3,341
Accumulated Depreciation	(10)
Medley Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	4,622
Initial Costs - Building and Improvements	386
Work in Progress and Costs Capitalized Subsequent To Acquisition	(113)
Gross Amount - Land	4,622
Gross Amount - Building and Improvements	273
Total Amount on Land and Building Improvements	4,895
Accumulated Depreciation	(33)
Santa Clara [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	16,670
Initial Costs - Building and Improvements	1,920
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	16,670
Gross Amount - Building and Improvements	1,920
Total Amount on Land and Building Improvements	18,590
Accumulated Depreciation	(432)
Bloomingdale [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,118
Initial Costs - Building and Improvements	5,150
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,118
Gross Amount - Building and Improvements	5,150
Total Amount on Land and Building Improvements	6,268
Accumulated Depreciation	(450)
Kenosha [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,530
Initial Costs - Building and Improvements	7,383
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,530
Gross Amount - Building and Improvements	7,383
Total Amount on Land and Building Improvements	8,913
Accumulated Depreciation	(654)
Worcester [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,391
Initial Costs - Building and Improvements	16,877
Work in Progress and Costs Capitalized Subsequent To Acquisition	95
Gross Amount - Land	1,391
Gross Amount - Building and Improvements	16,972
Total Amount on Land and Building Improvements	18,363
Accumulated Depreciation	(1,415)
Miami [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	3,980
Initial Costs - Building and Improvements	6,376
Work in Progress and Costs Capitalized Subsequent To Acquisition	504
Gross Amount - Land	3,980
Gross Amount - Building and Improvements	6,880
Total Amount on Land and Building Improvements	10,860
Accumulated Depreciation	(612)
Morrow [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	656
Initial Costs - Building and Improvements	5,490
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	656
Gross Amount - Building and Improvements	5,490
Total Amount on Land and Building Improvements	6,146
Accumulated Depreciation	(782)
Puyallup [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,825
Initial Costs - Building and Improvements	6,584
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,825
Gross Amount - Building and Improvements	6,584
Total Amount on Land and Building Improvements	9,409
Accumulated Depreciation	(605)
Lewisville [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,287
Initial Costs - Building and Improvements	4,500
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,287
Gross Amount - Building and Improvements	4,500
Total Amount on Land and Building Improvements	5,787
Accumulated Depreciation	(455)
Rolling Meadows [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	3,240
Initial Costs - Building and Improvements	6,705
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	3,240
Gross Amount - Building and Improvements	6,705
Total Amount on Land and Building Improvements	9,945
Accumulated Depreciation	(397)
Groveport [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	785
Initial Costs - Building and Improvements	5,437
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	785
Gross Amount - Building and Improvements	5,437
Total Amount on Land and Building Improvements	6,222
Accumulated Depreciation	(443)
Midway [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,465
Initial Costs - Building and Improvements	15,698
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,465
Gross Amount - Building and Improvements	15,698
Total Amount on Land and Building Improvements	18,163
Accumulated Depreciation	(1,144)
Buffalo Grove [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,055
Initial Costs - Building and Improvements	3,079
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,055
Gross Amount - Building and Improvements	3,079
Total Amount on Land and Building Improvements	4,134
Accumulated Depreciation	(250)
Burr Ridge [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,230
Initial Costs - Building and Improvements	2,608
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,230
Gross Amount - Building and Improvements	2,608
Total Amount on Land and Building Improvements	3,838
Accumulated Depreciation	(201)
Hamlet [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	292
Initial Costs - Building and Improvements	10,418
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	292
Gross Amount - Building and Improvements	10,418
Total Amount on Land and Building Improvements	10,710
Accumulated Depreciation	(692)
Downers Grove [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,414
Initial Costs - Building and Improvements	8,426
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,414
Gross Amount - Building and Improvements	8,426
Total Amount on Land and Building Improvements	9,840
Accumulated Depreciation	(643)
Bolingbrook [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,257
Initial Costs - Building and Improvements	10,375
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,257
Gross Amount - Building and Improvements	10,375
Total Amount on Land and Building Improvements	12,632
Accumulated Depreciation	(776)
St Louis [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,398
Initial Costs - Building and Improvements	7,502
Work in Progress and Costs Capitalized Subsequent To Acquisition	390
Gross Amount - Land	1,398
Gross Amount - Building and Improvements	7,892
Total Amount on Land and Building Improvements	9,290
Accumulated Depreciation	(552)
Cinnaminson [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,149
Initial Costs - Building and Improvements	22,035
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,149
Gross Amount - Building and Improvements	22,035
Total Amount on Land and Building Improvements	24,184
Accumulated Depreciation	(2,208)
Millford [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	465
Initial Costs - Building and Improvements	5,271
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	465
Gross Amount - Building and Improvements	5,271
Total Amount on Land and Building Improvements	5,736
Accumulated Depreciation	(372)
Sussex [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,806
Initial Costs - Building and Improvements	5,441
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,806
Gross Amount - Building and Improvements	5,441
Total Amount on Land and Building Improvements	7,247
Accumulated Depreciation	(876)
Milwaukee [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	601
Initial Costs - Building and Improvements	3,640
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	601
Gross Amount - Building and Improvements	3,640
Total Amount on Land and Building Improvements	4,241
Accumulated Depreciation	(709)
Oak Creek [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	969
Initial Costs - Building and Improvements	5,058
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	969
Gross Amount - Building and Improvements	5,058
Total Amount on Land and Building Improvements	6,027
Accumulated Depreciation	(656)
Kent [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	4,919
Initial Costs - Building and Improvements	11,928
Work in Progress and Costs Capitalized Subsequent To Acquisition	268
Gross Amount - Land	4,919
Gross Amount - Building and Improvements	12,196
Total Amount on Land and Building Improvements	17,115
Accumulated Depreciation	(879)
San Jose [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	11,466
Initial Costs - Building and Improvements	26,229
Work in Progress and Costs Capitalized Subsequent To Acquisition	502
Gross Amount - Land	11,466
Gross Amount - Building and Improvements	26,731
Total Amount on Land and Building Improvements	38,197
Accumulated Depreciation	(1,495)
El Segundo [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	7,412
Initial Costs - Building and Improvements	43,403
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	7,412
Gross Amount - Building and Improvements	43,403
Total Amount on Land and Building Improvements	50,815
Accumulated Depreciation	(2,033)
Richfield [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	522
Initial Costs - Building and Improvements	24,230
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	522
Gross Amount - Building and Improvements	24,230
Total Amount on Land and Building Improvements	24,752
Accumulated Depreciation	(1,465)
Richardson [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,360
Initial Costs - Building and Improvements	7,619
Work in Progress and Costs Capitalized Subsequent To Acquisition	987
Gross Amount - Land	1,360
Gross Amount - Building and Improvements	8,606
Total Amount on Land and Building Improvements	9,966
Accumulated Depreciation	(678)
Houston Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	6,628
Initial Costs - Building and Improvements	35,637
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	6,628
Gross Amount - Building and Improvements	35,637
Total Amount on Land and Building Improvements	42,265
Accumulated Depreciation	(2,264)
Aurora [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	453
Initial Costs - Building and Improvements	5,363
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	453
Gross Amount - Building and Improvements	5,363
Total Amount on Land and Building Improvements	5,816
Accumulated Depreciation	(347)
Dixon [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,078
Initial Costs - Building and Improvements	18,413
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,078
Gross Amount - Building and Improvements	18,413
Total Amount on Land and Building Improvements	19,491
Accumulated Depreciation	(1,464)
Oswego [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	767
Initial Costs - Building and Improvements	3,167
Work in Progress and Costs Capitalized Subsequent To Acquisition	309
Gross Amount - Land	767
Gross Amount - Building and Improvements	3,476
Total Amount on Land and Building Improvements	4,243
Accumulated Depreciation	(391)
Obetz [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,955
Initial Costs - Building and Improvements	19,381
Work in Progress and Costs Capitalized Subsequent To Acquisition	225
Gross Amount - Land	1,955
Gross Amount - Building and Improvements	19,606
Total Amount on Land and Building Improvements	21,561
Accumulated Depreciation	(1,062)
Auburn [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,543
Initial Costs - Building and Improvements	9,121
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,543
Gross Amount - Building and Improvements	9,121
Total Amount on Land and Building Improvements	11,664
Accumulated Depreciation	(541)
Fairfield [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	949
Initial Costs - Building and Improvements	2,205
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	949
Gross Amount - Building and Improvements	2,205
Total Amount on Land and Building Improvements	3,154
Accumulated Depreciation	(120)
San Bernardino [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,308
Initial Costs - Building and Improvements	7,613
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,308
Gross Amount - Building and Improvements	7,613
Total Amount on Land and Building Improvements	9,921
Accumulated Depreciation	(414)
Orlando Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,658
Initial Costs - Building and Improvements	5,412
Work in Progress and Costs Capitalized Subsequent To Acquisition	79
Gross Amount - Land	1,658
Gross Amount - Building and Improvements	5,491
Total Amount on Land and Building Improvements	7,149
Accumulated Depreciation	(352)
Orlando Three [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,756
Initial Costs - Building and Improvements	4,346
Work in Progress and Costs Capitalized Subsequent To Acquisition	107
Gross Amount - Land	1,756
Gross Amount - Building and Improvements	4,453
Total Amount on Land and Building Improvements	6,209
Accumulated Depreciation	(370)
Vernon Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	7,813
Initial Costs - Building and Improvements	14,428
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	7,813
Gross Amount - Building and Improvements	14,428
Total Amount on Land and Building Improvements	22,241
Accumulated Depreciation	(659)
Philadelphia [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	12,166
Initial Costs - Land	3,986
Initial Costs - Building and Improvements	17,963
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	3,986
Gross Amount - Building and Improvements	17,963
Total Amount on Land and Building Improvements	21,949
Accumulated Depreciation	(760)
Fridley [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	5,229
Initial Costs - Building and Improvements	29,754
Work in Progress and Costs Capitalized Subsequent To Acquisition	321
Gross Amount - Land	5,229
Gross Amount - Building and Improvements	30,075
Total Amount on Land and Building Improvements	35,304
Accumulated Depreciation	(2,284)
Pinellas Park [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,260
Initial Costs - Building and Improvements	8,891
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,260
Gross Amount - Building and Improvements	8,891
Total Amount on Land and Building Improvements	11,151
Accumulated Depreciation	(295)
Norcross [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,079
Initial Costs - Building and Improvements	5,437
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,079
Gross Amount - Building and Improvements	5,437
Total Amount on Land and Building Improvements	6,516
Accumulated Depreciation	(229)
Norcross Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	878
Initial Costs - Building and Improvements	2,867
Work in Progress and Costs Capitalized Subsequent To Acquisition	38
Gross Amount - Land	878
Gross Amount - Building and Improvements	2,905
Total Amount on Land and Building Improvements	3,783
Accumulated Depreciation	(142)
Richardson Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	900
Initial Costs - Building and Improvements	7,810
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	900
Gross Amount - Building and Improvements	7,810
Total Amount on Land and Building Improvements	8,710
Accumulated Depreciation	(260)
Allen [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	724
Initial Costs - Building and Improvements	5,334
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	724
Gross Amount - Building and Improvements	5,334
Total Amount on Land and Building Improvements	6,058
Accumulated Depreciation	(172)
Richardson Three [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	566
Initial Costs - Building and Improvements	2,871
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	566
Gross Amount - Building and Improvements	2,871
Total Amount on Land and Building Improvements	3,437
Accumulated Depreciation	(108)
Bolingbrook Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,481
Initial Costs - Building and Improvements	15,082
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,481
Gross Amount - Building and Improvements	15,082
Total Amount on Land and Building Improvements	17,563
Accumulated Depreciation	(552)
Spartanburg [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	6,937
Initial Costs - Land	646
Initial Costs - Building and Improvements	9,565
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	646
Gross Amount - Building and Improvements	9,565
Total Amount on Land and Building Improvements	10,211
Accumulated Depreciation	(580)
Spartanburg Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,054
Initial Costs - Land	166
Initial Costs - Building and Improvements	3,174
Work in Progress and Costs Capitalized Subsequent To Acquisition	12
Gross Amount - Land	166
Gross Amount - Building and Improvements	3,186
Total Amount on Land and Building Improvements	3,352
Accumulated Depreciation	(148)
Spartanburg Three [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	215
Initial Costs - Building and Improvements	3,304
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	215
Gross Amount - Building and Improvements	3,304
Total Amount on Land and Building Improvements	3,519
Accumulated Depreciation	(170)
Spartanburg Four [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	453
Initial Costs - Building and Improvements	1,775
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	453
Gross Amount - Building and Improvements	1,775
Total Amount on Land and Building Improvements	2,228
Accumulated Depreciation	(105)
Goose Creek [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,010
Initial Costs - Land	1,486
Initial Costs - Building and Improvements	6,902
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,486
Gross Amount - Building and Improvements	6,902
Total Amount on Land and Building Improvements	8,388
Accumulated Depreciation	(380)
Goose Creek Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,014
Initial Costs - Land	713
Initial Costs - Building and Improvements	4,274
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	713
Gross Amount - Building and Improvements	4,274
Total Amount on Land and Building Improvements	4,987
Accumulated Depreciation	(195)
Goose Creek Three [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	322
Initial Costs - Building and Improvements	3,244
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	322
Gross Amount - Building and Improvements	3,244
Total Amount on Land and Building Improvements	3,566
Accumulated Depreciation	(126)
Goose Creek Four [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	7,180
Initial Costs - Land	1,137
Initial Costs - Building and Improvements	13,740
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,137
Gross Amount - Building and Improvements	13,740
Total Amount on Land and Building Improvements	14,877
Accumulated Depreciation	(567)
Summerville [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	474
Initial Costs - Building and Improvements	16,766
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	474
Gross Amount - Building and Improvements	16,766
Total Amount on Land and Building Improvements	17,240
Accumulated Depreciation	(867)
Moncks Corner [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,019
Initial Costs - Land	585
Initial Costs - Building and Improvements	1,796
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	585
Gross Amount - Building and Improvements	1,796
Total Amount on Land and Building Improvements	2,381
Accumulated Depreciation	(143)
Orangeburg [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,037
Initial Costs - Land	493
Initial Costs - Building and Improvements	3,519
Work in Progress and Costs Capitalized Subsequent To Acquisition	24
Gross Amount - Land	493
Gross Amount - Building and Improvements	3,543
Total Amount on Land and Building Improvements	4,036
Accumulated Depreciation	(174)
Kings Mountain One [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	884
Initial Costs - Land	256
Initial Costs - Building and Improvements	3,336
Work in Progress and Costs Capitalized Subsequent To Acquisition	517
Gross Amount - Land	256
Gross Amount - Building and Improvements	3,853
Total Amount on Land and Building Improvements	4,109
Accumulated Depreciation	(132)
Kings Mountain Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,293
Initial Costs - Land	440
Initial Costs - Building and Improvements	9,308
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	440
Gross Amount - Building and Improvements	9,308
Total Amount on Land and Building Improvements	9,748
Accumulated Depreciation	(399)
Winston-Salem [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,452
Initial Costs - Land	910
Initial Costs - Building and Improvements	3,579
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	910
Gross Amount - Building and Improvements	3,579
Total Amount on Land and Building Improvements	4,489
Accumulated Depreciation	(213)
Winston-Salem Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	4,393
Initial Costs - Land	1,691
Initial Costs - Building and Improvements	11,468
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,691
Gross Amount - Building and Improvements	11,468
Total Amount on Land and Building Improvements	13,159
Accumulated Depreciation	(457)
Spartanburg Five [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	170
Initial Costs - Building and Improvements	1,519
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	170
Gross Amount - Building and Improvements	1,519
Total Amount on Land and Building Improvements	1,689
Accumulated Depreciation	(95)
Spartanburg Six [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	194
Initial Costs - Building and Improvements	3,251
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	194
Gross Amount - Building and Improvements	3,251
Total Amount on Land and Building Improvements	3,445
Accumulated Depreciation	(170)
Spartanburg Seven [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	260
Initial Costs - Building and Improvements	2,934
Work in Progress and Costs Capitalized Subsequent To Acquisition	4,301
Gross Amount - Land	260
Gross Amount - Building and Improvements	7,235
Total Amount on Land and Building Improvements	7,495
Accumulated Depreciation	(220)
Spartanburg Eight [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	293
Initial Costs - Building and Improvements	6,205
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	293
Gross Amount - Building and Improvements	6,205
Total Amount on Land and Building Improvements	6,498
Accumulated Depreciation	(297)
Duncan [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	329
Initial Costs - Building and Improvements	4,033
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	329
Gross Amount - Building and Improvements	4,033
Total Amount on Land and Building Improvements	4,362
Accumulated Depreciation	(265)
Duncan Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	182
Initial Costs - Building and Improvements	622
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	182
Gross Amount - Building and Improvements	622
Total Amount on Land and Building Improvements	804
Accumulated Depreciation	(61)
Duncan Three [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	347
Initial Costs - Building and Improvements	2,216
Work in Progress and Costs Capitalized Subsequent To Acquisition	260
Gross Amount - Land	347
Gross Amount - Building and Improvements	2,476
Total Amount on Land and Building Improvements	2,823
Accumulated Depreciation	(229)
Spartanburg Nine [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	90
Initial Costs - Building and Improvements	480
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	90
Gross Amount - Building and Improvements	480
Total Amount on Land and Building Improvements	570
Accumulated Depreciation	(42)
Duncan Four [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	172
Initial Costs - Building and Improvements	1,912
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	172
Gross Amount - Building and Improvements	1,912
Total Amount on Land and Building Improvements	2,084
Accumulated Depreciation	(111)
Spartanburg Ten [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	497
Initial Costs - Building and Improvements	3,916
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	497
Gross Amount - Building and Improvements	3,916
Total Amount on Land and Building Improvements	4,413
Accumulated Depreciation	(602)
Spartanburg Eleven [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	112
Initial Costs - Building and Improvements	1,887
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	112
Gross Amount - Building and Improvements	1,887
Total Amount on Land and Building Improvements	1,999
Accumulated Depreciation	(135)
Duncan Five [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	451
Initial Costs - Building and Improvements	2,394
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	451
Gross Amount - Building and Improvements	2,394
Total Amount on Land and Building Improvements	2,845
Accumulated Depreciation	(165)
Duncan Six [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	586
Initial Costs - Building and Improvements	2,471
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	586
Gross Amount - Building and Improvements	2,471
Total Amount on Land and Building Improvements	3,057
Accumulated Depreciation	(115)
Kings Mountain Three [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,107
Initial Costs - Building and Improvements	17,664
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,107
Gross Amount - Building and Improvements	17,664
Total Amount on Land and Building Improvements	18,771
Accumulated Depreciation	(696)
Rogers [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,185
Initial Costs - Building and Improvements	14,510
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,185
Gross Amount - Building and Improvements	14,510
Total Amount on Land and Building Improvements	15,695
Accumulated Depreciation	(619)
Bellingham [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,366
Initial Costs - Building and Improvements	15,037
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,366
Gross Amount - Building and Improvements	15,037
Total Amount on Land and Building Improvements	16,403
Accumulated Depreciation	(587)
Jacksonville [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,865
Initial Costs - Building and Improvements	29,096
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,865
Gross Amount - Building and Improvements	29,096
Total Amount on Land and Building Improvements	31,961
Accumulated Depreciation	(1,320)
Fort Worth [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	9,690
Initial Costs - Land	2,772
Initial Costs - Building and Improvements	24,789
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,772
Gross Amount - Building and Improvements	24,789
Total Amount on Land and Building Improvements	27,561
Accumulated Depreciation	(828)
Hebron [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	6,721
Initial Costs - Land	1,646
Initial Costs - Building and Improvements	7,106
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,646
Gross Amount - Building and Improvements	7,106
Total Amount on Land and Building Improvements	8,752
Accumulated Depreciation	(399)
Elkton [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	6,961
Initial Costs - Land	1,797
Initial Costs - Building and Improvements	16,688
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,797
Gross Amount - Building and Improvements	16,688
Total Amount on Land and Building Improvements	18,485
Accumulated Depreciation	(627)
Tolleson [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	4,186
Initial Costs - Land	1,584
Initial Costs - Building and Improvements	10,252
Work in Progress and Costs Capitalized Subsequent To Acquisition	429
Gross Amount - Land	1,584
Gross Amount - Building and Improvements	10,681
Total Amount on Land and Building Improvements	12,265
Accumulated Depreciation	(484)
Wilmer [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,262
Initial Costs - Building and Improvements	51,903
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,262
Gross Amount - Building and Improvements	51,903
Total Amount on Land and Building Improvements	53,165
Accumulated Depreciation	(1,715)
Aurora Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,979
Initial Costs - Building and Improvements	26,637
Work in Progress and Costs Capitalized Subsequent To Acquisition	238
Gross Amount - Land	1,979
Gross Amount - Building and Improvements	26,875
Total Amount on Land and Building Improvements	28,854
Accumulated Depreciation	(867)
University Park [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,454
Initial Costs - Building and Improvements	69,921
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,454
Gross Amount - Building and Improvements	69,921
Total Amount on Land and Building Improvements	71,375
Accumulated Depreciation	(2,233)
Olathe [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,990
Initial Costs - Building and Improvements	53,531
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,990
Gross Amount - Building and Improvements	53,531
Total Amount on Land and Building Improvements	56,521
Accumulated Depreciation	(1,866)
Rogers Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	6,096
Initial Costs - Land	886
Initial Costs - Building and Improvements	15,838
Work in Progress and Costs Capitalized Subsequent To Acquisition	247
Gross Amount - Land	886
Gross Amount - Building and Improvements	16,085
Total Amount on Land and Building Improvements	16,971
Accumulated Depreciation	(538)
Belcamp [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	6,490
Initial Costs - Building and Improvements	54,200
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	6,490
Gross Amount - Building and Improvements	54,200
Total Amount on Land and Building Improvements	60,690
Accumulated Depreciation	(2,132)
Belcamp Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,200
Initial Costs - Building and Improvements	1,454
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,200
Gross Amount - Building and Improvements	1,454
Total Amount on Land and Building Improvements	3,654
Accumulated Depreciation	(142)
Aberdeen [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	3,735
Initial Costs - Building and Improvements	40,396
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	3,735
Gross Amount - Building and Improvements	40,396
Total Amount on Land and Building Improvements	44,131
Accumulated Depreciation	(1,359)
Spartanburg Twelve [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,414
Initial Costs - Building and Improvements	7,246
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,414
Gross Amount - Building and Improvements	7,246
Total Amount on Land and Building Improvements	8,660
Accumulated Depreciation	(407)
Plainfield [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	3,633
Initial Costs - Building and Improvements	29,264
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	3,633
Gross Amount - Building and Improvements	29,264
Total Amount on Land and Building Improvements	32,897
Accumulated Depreciation	(1,058)
Hawthorne [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	19,399
Initial Costs - Land	20,361
Initial Costs - Building and Improvements	33,831
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	20,361
Gross Amount - Building and Improvements	33,831
Total Amount on Land and Building Improvements	54,192
Accumulated Depreciation	(1,447)
Sauget [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	841
Initial Costs - Building and Improvements	18,176
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	841
Gross Amount - Building and Improvements	18,176
Total Amount on Land and Building Improvements	19,017
Accumulated Depreciation	(885)
Pittston [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,966
Initial Costs - Building and Improvements	44,037
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,966
Gross Amount - Building and Improvements	44,037
Total Amount on Land and Building Improvements	46,003
Accumulated Depreciation	(1,512)
Hazelton [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,421
Initial Costs - Building and Improvements	37,291
Work in Progress and Costs Capitalized Subsequent To Acquisition	1,862
Gross Amount - Land	2,421
Gross Amount - Building and Improvements	39,153
Total Amount on Land and Building Improvements	41,574
Accumulated Depreciation	(1,457)
Pittston Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	616
Initial Costs - Building and Improvements	10,045
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	616
Gross Amount - Building and Improvements	10,045
Total Amount on Land and Building Improvements	10,661
Accumulated Depreciation	(375)
Jessup [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	956
Initial Costs - Building and Improvements	8,979
Work in Progress and Costs Capitalized Subsequent To Acquisition	66
Gross Amount - Land	956
Gross Amount - Building and Improvements	9,045
Total Amount on Land and Building Improvements	10,001
Accumulated Depreciation	(373)
Round Rock [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,820
Initial Costs - Building and Improvements	6,127
Work in Progress and Costs Capitalized Subsequent To Acquisition	15,025
Gross Amount - Land	1,820
Gross Amount - Building and Improvements	21,152
Total Amount on Land and Building Improvements	22,972
Accumulated Depreciation	(202)
Hackettstown [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	9,338
Initial Costs - Land	2,260
Initial Costs - Building and Improvements	10,985
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,260
Gross Amount - Building and Improvements	10,985
Total Amount on Land and Building Improvements	13,245
Accumulated Depreciation	(380)
Nashville [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,015
Initial Costs - Building and Improvements	3,868
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,015
Gross Amount - Building and Improvements	3,868
Total Amount on Land and Building Improvements	4,883
Accumulated Depreciation	(214)
La Vergne [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,140
Initial Costs - Building and Improvements	6,117
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,140
Gross Amount - Building and Improvements	6,117
Total Amount on Land and Building Improvements	7,257
Accumulated Depreciation	(295)
Bedford Park [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,210
Initial Costs - Building and Improvements	10,127
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,210
Gross Amount - Building and Improvements	10,127
Total Amount on Land and Building Improvements	12,337
Accumulated Depreciation	(321)
Moselle [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	270
Initial Costs - Building and Improvements	3,267
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	270
Gross Amount - Building and Improvements	3,267
Total Amount on Land and Building Improvements	3,537
Accumulated Depreciation	(136)
Indianapolis [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,726
Initial Costs - Building and Improvements	27,795
Work in Progress and Costs Capitalized Subsequent To Acquisition	4
Gross Amount - Land	2,726
Gross Amount - Building and Improvements	27,799
Total Amount on Land and Building Improvements	30,525
Accumulated Depreciation	(626)
Bridgeview [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	6,460
Initial Costs - Land	2,348
Initial Costs - Building and Improvements	17,342
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,348
Gross Amount - Building and Improvements	17,342
Total Amount on Land and Building Improvements	19,690
Accumulated Depreciation	(413)
New Braunfels [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,040
Initial Costs - Building and Improvements	2,364
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,040
Gross Amount - Building and Improvements	2,364
Total Amount on Land and Building Improvements	3,404
Accumulated Depreciation	(84)
Auburndale [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,772
Initial Costs - Land	431
Initial Costs - Building and Improvements	2,879
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	431
Gross Amount - Building and Improvements	2,879
Total Amount on Land and Building Improvements	3,310
Accumulated Depreciation	(281)
Salem [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,714
Initial Costs - Land	235
Initial Costs - Building and Improvements	2,862
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	235
Gross Amount - Building and Improvements	2,862
Total Amount on Land and Building Improvements	3,097
Accumulated Depreciation	(120)
Santa Fe Springs [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	4,168
Initial Costs - Land	10,578
Initial Costs - Building and Improvements	7,949
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	10,578
Gross Amount - Building and Improvements	7,949
Total Amount on Land and Building Improvements	18,527
Accumulated Depreciation	(206)
Etobicoke [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	5,046
Initial Costs - Land	4,716
Initial Costs - Building and Improvements	2,554
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	4,716
Gross Amount - Building and Improvements	2,554
Total Amount on Land and Building Improvements	7,270
Accumulated Depreciation	(212)
Rexdale [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,732
Initial Costs - Land	1,615
Initial Costs - Building and Improvements	2,283
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,615
Gross Amount - Building and Improvements	2,283
Total Amount on Land and Building Improvements	3,898
Accumulated Depreciation	(112)
Baltimore [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	6,202
Initial Costs - Land	2,315
Initial Costs - Building and Improvements	6,386
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,315
Gross Amount - Building and Improvements	6,386
Total Amount on Land and Building Improvements	8,701
Accumulated Depreciation	(307)
Elizabeth [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,585
Initial Costs - Land	2,624
Initial Costs - Building and Improvements	1,396
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,624
Gross Amount - Building and Improvements	1,396
Total Amount on Land and Building Improvements	4,020
Accumulated Depreciation	(66)
Monroe Twp [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,513
Initial Costs - Land	935
Initial Costs - Building and Improvements	2,483
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	935
Gross Amount - Building and Improvements	2,483
Total Amount on Land and Building Improvements	3,418
Accumulated Depreciation	(79)
Santa Ana [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	5,932
Initial Costs - Land	9,262
Initial Costs - Building and Improvements	2,213
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	9,262
Gross Amount - Building and Improvements	2,213
Total Amount on Land and Building Improvements	11,475
Accumulated Depreciation	(146)
Tracy [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	6,434
Initial Costs - Land	1,696
Initial Costs - Building and Improvements	6,986
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,696
Gross Amount - Building and Improvements	6,986
Total Amount on Land and Building Improvements	8,682
Accumulated Depreciation	(365)
Deerfield Beach [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	11,228
Initial Costs - Building and Improvements	8,141
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	11,228
Gross Amount - Building and Improvements	8,141
Total Amount on Land and Building Improvements	19,369
Accumulated Depreciation	(314)
Belcamp Three [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,748
Initial Costs - Building and Improvements	17,935
Work in Progress and Costs Capitalized Subsequent To Acquisition	52
Gross Amount - Land	2,748
Gross Amount - Building and Improvements	17,987
Total Amount on Land and Building Improvements	20,735
Accumulated Depreciation	(367)
Curtis Bay [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	3,773
Initial Costs - Building and Improvements	19,787
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	3,773
Gross Amount - Building and Improvements	19,787
Total Amount on Land and Building Improvements	23,560
Accumulated Depreciation	(409)
Hagerstown [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	3,699
Initial Costs - Building and Improvements	28,042
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	3,699
Gross Amount - Building and Improvements	28,042
Total Amount on Land and Building Improvements	31,741
Accumulated Depreciation	(602)
Miami Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,700
Initial Costs - Building and Improvements	6,386
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,700
Gross Amount - Building and Improvements	6,386
Total Amount on Land and Building Improvements	9,086
Accumulated Depreciation	(139)
Romeoville [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	5,400
Initial Costs - Building and Improvements	24,021
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	5,400
Gross Amount - Building and Improvements	24,021
Total Amount on Land and Building Improvements	29,421
Accumulated Depreciation	(413)
Ball Ground [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	576
Initial Costs - Building and Improvements	7,397
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	576
Gross Amount - Building and Improvements	7,397
Total Amount on Land and Building Improvements	7,973
Accumulated Depreciation	(103)
Lake Zurich [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,571
Initial Costs - Building and Improvements	8,278
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,571
Gross Amount - Building and Improvements	8,278
Total Amount on Land and Building Improvements	10,849
Accumulated Depreciation	(159)
Whitestown [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,158
Initial Costs - Building and Improvements	68,643
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,158
Gross Amount - Building and Improvements	68,643
Total Amount on Land and Building Improvements	70,801
Accumulated Depreciation	(1,009)
Jacksonville One [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	5,686
Initial Costs - Building and Improvements	32,009
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	5,686
Gross Amount - Building and Improvements	32,009
Total Amount on Land and Building Improvements	37,695
Accumulated Depreciation	(613)
Wilmer Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	986
Initial Costs - Building and Improvements	38,800
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	986
Gross Amount - Building and Improvements	38,800
Total Amount on Land and Building Improvements	39,786
Accumulated Depreciation	(600)
West Jefferson [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,205
Initial Costs - Building and Improvements	50,853
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,205
Gross Amount - Building and Improvements	50,853
Total Amount on Land and Building Improvements	53,058
Accumulated Depreciation	(1,039)
Tampa One [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,202
Initial Costs - Building and Improvements	9,536
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,202
Gross Amount - Building and Improvements	9,536
Total Amount on Land and Building Improvements	10,738
Accumulated Depreciation	(169)
Houston Three [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,294
Initial Costs - Building and Improvements	615
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,294
Gross Amount - Building and Improvements	615
Total Amount on Land and Building Improvements	2,909
Accumulated Depreciation	(84)
Houston Four [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,466
Initial Costs - Building and Improvements	1,053
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,466
Gross Amount - Building and Improvements	1,053
Total Amount on Land and Building Improvements	3,519
Accumulated Depreciation	(100)
Fridley Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,380
Initial Costs - Building and Improvements	14,231
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,380
Gross Amount - Building and Improvements	14,231
Total Amount on Land and Building Improvements	15,611
Accumulated Depreciation	(177)
Largo [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,318
Initial Costs - Building and Improvements	1,351
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,318
Gross Amount - Building and Improvements	1,351
Total Amount on Land and Building Improvements	2,669
Accumulated Depreciation	(54)
Littleton [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	5,292
Initial Costs - Building and Improvements	31,268
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	5,292
Gross Amount - Building and Improvements	31,268
Total Amount on Land and Building Improvements	36,560
Accumulated Depreciation	(407)
Byhalia [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,662
Initial Costs - Building and Improvements	23,353
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,662
Gross Amount - Building and Improvements	23,353
Total Amount on Land and Building Improvements	25,015
Accumulated Depreciation	(290)
McCook [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	5,988
Initial Costs - Building and Improvements	30,526
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	5,988
Gross Amount - Building and Improvements	30,526
Total Amount on Land and Building Improvements	36,514
Accumulated Depreciation	(303)
Hanover Park [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,932
Initial Costs - Building and Improvements	14,809
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,932
Gross Amount - Building and Improvements	14,809
Total Amount on Land and Building Improvements	17,741
Accumulated Depreciation	(184)
Durham [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	925
Initial Costs - Building and Improvements	8,543
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	925
Gross Amount - Building and Improvements	8,543
Total Amount on Land and Building Improvements	9,468
Accumulated Depreciation	(82)
Santa Fe Springs Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,616
Initial Costs - Building and Improvements	4,162
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,616
Gross Amount - Building and Improvements	4,162
Total Amount on Land and Building Improvements	5,778
Accumulated Depreciation	(40)
Santa Fe Springs Three [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,372
Initial Costs - Building and Improvements	1,063
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,372
Gross Amount - Building and Improvements	1,063
Total Amount on Land and Building Improvements	2,435
Accumulated Depreciation	(19)
Santa Fe Springs Four [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	8,655
Initial Costs - Building and Improvements	8,689
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	8,655
Gross Amount - Building and Improvements	8,689
Total Amount on Land and Building Improvements	17,344
Accumulated Depreciation	(138)
Anaheim [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	9,601
Initial Costs - Building and Improvements	14,432
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	9,601
Gross Amount - Building and Improvements	14,432
Total Amount on Land and Building Improvements	24,033
Accumulated Depreciation	(122)
Fulton [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,166
Initial Costs - Building and Improvements	4,766
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,166
Gross Amount - Building and Improvements	4,766
Total Amount on Land and Building Improvements	5,932
Accumulated Depreciation	(61)
Fulton Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	862
Initial Costs - Building and Improvements	2,981
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	862
Gross Amount - Building and Improvements	2,981
Total Amount on Land and Building Improvements	3,843
Accumulated Depreciation	(41)
Summerville Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	3,154
Initial Costs - Building and Improvements	129
Work in Progress and Costs Capitalized Subsequent To Acquisition	1,938
Gross Amount - Land	3,154
Gross Amount - Building and Improvements	2,067
Total Amount on Land and Building Improvements	5,221
Accumulated Depreciation	0
Anaheim Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	4,059
Initial Costs - Building and Improvements	4,045
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	4,059
Gross Amount - Building and Improvements	4,045
Total Amount on Land and Building Improvements	8,104
Accumulated Depreciation	(45)
Naperville [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	4,960
Initial Costs - Building and Improvements	24,014
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	4,960
Gross Amount - Building and Improvements	24,014
Total Amount on Land and Building Improvements	28,974
Accumulated Depreciation	(253)
Henderson [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	3,947
Initial Costs - Building and Improvements	18,749
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	3,947
Gross Amount - Building and Improvements	18,749
Total Amount on Land and Building Improvements	22,696
Accumulated Depreciation	(137)
Black Creek [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,210
Initial Costs - Building and Improvements	27,074
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,210
Gross Amount - Building and Improvements	27,074
Total Amount on Land and Building Improvements	29,284
Accumulated Depreciation	(213)
Montgomery [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	4,310
Initial Costs - Building and Improvements	17,912
Work in Progress and Costs Capitalized Subsequent To Acquisition	3
Gross Amount - Land	4,310
Gross Amount - Building and Improvements	17,915
Total Amount on Land and Building Improvements	22,225
Accumulated Depreciation	(182)
Oakland [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	4,957
Initial Costs - Building and Improvements	5,279
Work in Progress and Costs Capitalized Subsequent To Acquisition	402
Gross Amount - Land	4,957
Gross Amount - Building and Improvements	5,681
Total Amount on Land and Building Improvements	10,638
Accumulated Depreciation	(58)
Elkridge Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,509
Initial Costs - Building and Improvements	2,345
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,509
Gross Amount - Building and Improvements	2,345
Total Amount on Land and Building Improvements	4,854
Accumulated Depreciation	(14)
Commerce City [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	3,141
Initial Costs - Building and Improvements	7,693
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	3,141
Gross Amount - Building and Improvements	7,693
Total Amount on Land and Building Improvements	10,834
Accumulated Depreciation	(31)
West Chester [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	680
Initial Costs - Building and Improvements	7,864
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	680
Gross Amount - Building and Improvements	7,864
Total Amount on Land and Building Improvements	8,544
Accumulated Depreciation	(19)
Swedesboro Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	3,180
Initial Costs - Building and Improvements	10,829
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	3,180
Gross Amount - Building and Improvements	10,829
Total Amount on Land and Building Improvements	14,009
Accumulated Depreciation	(25)
Southaven [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	17,668
Initial Costs - Land	1,463
Initial Costs - Building and Improvements	26,630
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,463
Gross Amount - Building and Improvements	26,630
Total Amount on Land and Building Improvements	28,093
Accumulated Depreciation	(45)
Southaven Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	8,696
Initial Costs - Land	1,026
Initial Costs - Building and Improvements	15,272
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,026
Gross Amount - Building and Improvements	15,272
Total Amount on Land and Building Improvements	16,298
Accumulated Depreciation	(26)
Memphis [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	11,464
Initial Costs - Land	2,267
Initial Costs - Building and Improvements	31,266
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,267
Gross Amount - Building and Improvements	31,266
Total Amount on Land and Building Improvements	33,533
Accumulated Depreciation	(51)
Memphis Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	7,427
Initial Costs - Land	1,759
Initial Costs - Building and Improvements	18,021
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,759
Gross Amount - Building and Improvements	18,021
Total Amount on Land and Building Improvements	19,780
Accumulated Depreciation	(35)
McDonough [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	12,719
Initial Costs - Land	3,142
Initial Costs - Building and Improvements	23,633
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	3,142
Gross Amount - Building and Improvements	23,633
Total Amount on Land and Building Improvements	26,775
Accumulated Depreciation	(40)
Fairburn [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	5,360
Initial Costs - Building and Improvements	57,616
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	5,360
Gross Amount - Building and Improvements	57,616
Total Amount on Land and Building Improvements	62,976
Accumulated Depreciation	(82)
Plainfield Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	14,277
Initial Costs - Land	4,380
Initial Costs - Building and Improvements	27,012
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	4,380
Gross Amount - Building and Improvements	27,012
Total Amount on Land and Building Improvements	31,392
Accumulated Depreciation	(50)
Plainfield Three [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	10,664
Initial Costs - Land	2,361
Initial Costs - Building and Improvements	21,362
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,361
Gross Amount - Building and Improvements	21,362
Total Amount on Land and Building Improvements	23,723
Accumulated Depreciation	(37)
West Chester Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	12,130
Initial Costs - Land	1,896
Initial Costs - Building and Improvements	17,433
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,896
Gross Amount - Building and Improvements	17,433
Total Amount on Land and Building Improvements	19,329
Accumulated Depreciation	(31)
West Chester Three [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	7,741
Initial Costs - Land	1,636
Initial Costs - Building and Improvements	12,275
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,636
Gross Amount - Building and Improvements	12,275
Total Amount on Land and Building Improvements	13,911
Accumulated Depreciation	(21)
Walton [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	14,764
Initial Costs - Land	2,327
Initial Costs - Building and Improvements	23,802
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,327
Gross Amount - Building and Improvements	23,802
Total Amount on Land and Building Improvements	26,129
Accumulated Depreciation	(39)
Summerville Three [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	25,040
Initial Costs - Land	6,445
Initial Costs - Building and Improvements	46,323
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	6,445
Gross Amount - Building and Improvements	46,323
Total Amount on Land and Building Improvements	52,768
Accumulated Depreciation	(64)
Fairfield Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	18,665
Initial Costs - Land	9,935
Initial Costs - Building and Improvements	33,960
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	9,935
Gross Amount - Building and Improvements	33,960
Total Amount on Land and Building Improvements	43,895
Accumulated Depreciation	(66)
Irving [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	16,107
Initial Costs - Land	0
Initial Costs - Building and Improvements	31,639
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	0
Gross Amount - Building and Improvements	31,639
Total Amount on Land and Building Improvements	31,639
Accumulated Depreciation	(44)
Woodland [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	3,654
Initial Costs - Land	2,056
Initial Costs - Building and Improvements	10,239
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,056
Gross Amount - Building and Improvements	10,239
Total Amount on Land and Building Improvements	12,295
Accumulated Depreciation	(22)
Woodland Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	3,659
Initial Costs - Land	2,136
Initial Costs - Building and Improvements	10,304
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,136
Gross Amount - Building and Improvements	10,304
Total Amount on Land and Building Improvements	12,440
Accumulated Depreciation	(23)
Jacksonville Two [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	10,162
Initial Costs - Land	2,453
Initial Costs - Building and Improvements	17,590
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,453
Gross Amount - Building and Improvements	17,590
Total Amount on Land and Building Improvements	20,043
Accumulated Depreciation	(36)
York [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,330
Initial Costs - Building and Improvements	5,416
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,330
Gross Amount - Building and Improvements	5,416
Total Amount on Land and Building Improvements	6,746
Accumulated Depreciation	0
Alpharetta [Member] | Industrial Property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,620
Initial Costs - Building and Improvements	7,488
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,620
Gross Amount - Building and Improvements	7,488
Total Amount on Land and Building Improvements	9,108
Accumulated Depreciation	0
St Louis Two [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,085
Initial Costs - Building and Improvements	771
Work in Progress and Costs Capitalized Subsequent To Acquisition	303
Gross Amount - Land	1,085
Gross Amount - Building and Improvements	1,074
Total Amount on Land and Building Improvements	2,159
Accumulated Depreciation	(397)
Nashville Two [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,995
Initial Costs - Building and Improvements	8,879
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,995
Gross Amount - Building and Improvements	8,879
Total Amount on Land and Building Improvements	11,874
Accumulated Depreciation	(732)
Phoenix [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	0
Initial Costs - Building and Improvements	6,206
Work in Progress and Costs Capitalized Subsequent To Acquisition	219
Gross Amount - Land	0
Gross Amount - Building and Improvements	6,425
Total Amount on Land and Building Improvements	6,425
Accumulated Depreciation	(629)
Phoenix Two [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	0
Initial Costs - Building and Improvements	14,605
Work in Progress and Costs Capitalized Subsequent To Acquisition	95
Gross Amount - Land	0
Gross Amount - Building and Improvements	14,700
Total Amount on Land and Building Improvements	14,700
Accumulated Depreciation	(1,614)
Phoenix Three [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	0
Initial Costs - Building and Improvements	6,834
Work in Progress and Costs Capitalized Subsequent To Acquisition	114
Gross Amount - Land	0
Gross Amount - Building and Improvements	6,948
Total Amount on Land and Building Improvements	6,948
Accumulated Depreciation	(662)
Phoenix Four [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	0
Initial Costs - Building and Improvements	6,202
Work in Progress and Costs Capitalized Subsequent To Acquisition	114
Gross Amount - Land	0
Gross Amount - Building and Improvements	6,316
Total Amount on Land and Building Improvements	6,316
Accumulated Depreciation	(612)
Mesa [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	796
Initial Costs - Building and Improvements	2,411
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	796
Gross Amount - Building and Improvements	2,411
Total Amount on Land and Building Improvements	3,207
Accumulated Depreciation	(305)
Phoenix Five [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	0
Initial Costs - Building and Improvements	11,206
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	0
Gross Amount - Building and Improvements	11,206
Total Amount on Land and Building Improvements	11,206
Accumulated Depreciation	(1,198)
Escondido [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,718
Initial Costs - Building and Improvements	2,961
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,718
Gross Amount - Building and Improvements	2,961
Total Amount on Land and Building Improvements	4,679
Accumulated Depreciation	(350)
Fresno [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	664
Initial Costs - Building and Improvements	1,878
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	664
Gross Amount - Building and Improvements	1,878
Total Amount on Land and Building Improvements	2,542
Accumulated Depreciation	(224)
Glendale [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	4,582
Initial Costs - Building and Improvements	7,583
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	4,582
Gross Amount - Building and Improvements	7,583
Total Amount on Land and Building Improvements	12,165
Accumulated Depreciation	(794)
Ontario [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,767
Initial Costs - Building and Improvements	4,299
Work in Progress and Costs Capitalized Subsequent To Acquisition	36
Gross Amount - Land	2,767
Gross Amount - Building and Improvements	4,335
Total Amount on Land and Building Improvements	7,102
Accumulated Depreciation	(525)
Newport Beach [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,818
Initial Costs - Building and Improvements	4,315
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,818
Gross Amount - Building and Improvements	4,315
Total Amount on Land and Building Improvements	6,133
Accumulated Depreciation	(431)
Sacramento [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	924
Initial Costs - Building and Improvements	3,710
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	924
Gross Amount - Building and Improvements	3,710
Total Amount on Land and Building Improvements	4,634
Accumulated Depreciation	(378)
Sacramento Two [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	568
Initial Costs - Building and Improvements	2,619
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	568
Gross Amount - Building and Improvements	2,619
Total Amount on Land and Building Improvements	3,187
Accumulated Depreciation	(270)
Pomona [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	928
Initial Costs - Building and Improvements	5,518
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	928
Gross Amount - Building and Improvements	5,518
Total Amount on Land and Building Improvements	6,446
Accumulated Depreciation	(622)
Riverside [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,446
Initial Costs - Building and Improvements	6,808
Work in Progress and Costs Capitalized Subsequent To Acquisition	85
Gross Amount - Land	2,446
Gross Amount - Building and Improvements	6,893
Total Amount on Land and Building Improvements	9,339
Accumulated Depreciation	(759)
San Bernadino [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	591
Initial Costs - Building and Improvements	8,840
Work in Progress and Costs Capitalized Subsequent To Acquisition	72
Gross Amount - Land	591
Gross Amount - Building and Improvements	8,912
Total Amount on Land and Building Improvements	9,503
Accumulated Depreciation	(858)
Sunnyvale [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	6,903
Initial Costs - Building and Improvements	5,574
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	6,903
Gross Amount - Building and Improvements	5,574
Total Amount on Land and Building Improvements	12,477
Accumulated Depreciation	(657)
Tampa Two [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	4,266
Initial Costs - Building and Improvements	3,799
Work in Progress and Costs Capitalized Subsequent To Acquisition	165
Gross Amount - Land	4,266
Gross Amount - Building and Improvements	3,964
Total Amount on Land and Building Improvements	8,230
Accumulated Depreciation	(537)
Jacksonville Three [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	5,953
Initial Costs - Building and Improvements	28,118
Work in Progress and Costs Capitalized Subsequent To Acquisition	2,269
Gross Amount - Land	5,953
Gross Amount - Building and Improvements	30,387
Total Amount on Land and Building Improvements	36,340
Accumulated Depreciation	(2,955)
Jacksonville Four [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	3,180
Initial Costs - Building and Improvements	9,936
Work in Progress and Costs Capitalized Subsequent To Acquisition	2,970
Gross Amount - Land	3,180
Gross Amount - Building and Improvements	12,906
Total Amount on Land and Building Improvements	16,086
Accumulated Depreciation	(1,105)
Jacksonville Five [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	3,100
Initial Costs - Building and Improvements	10,959
Work in Progress and Costs Capitalized Subsequent To Acquisition	3,067
Gross Amount - Land	3,100
Gross Amount - Building and Improvements	14,026
Total Amount on Land and Building Improvements	17,126
Accumulated Depreciation	(1,158)
Jacksonville Six [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	4,754
Initial Costs - Building and Improvements	16,893
Work in Progress and Costs Capitalized Subsequent To Acquisition	3,293
Gross Amount - Land	4,754
Gross Amount - Building and Improvements	20,186
Total Amount on Land and Building Improvements	24,940
Accumulated Depreciation	(1,840)
Jacksonville Seven [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	3,168
Initial Costs - Building and Improvements	10,835
Work in Progress and Costs Capitalized Subsequent To Acquisition	2,754
Gross Amount - Land	3,168
Gross Amount - Building and Improvements	13,589
Total Amount on Land and Building Improvements	16,757
Accumulated Depreciation	(1,077)
Jacksonville Eight [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	7,844
Initial Costs - Building and Improvements	27,974
Work in Progress and Costs Capitalized Subsequent To Acquisition	124
Gross Amount - Land	7,844
Gross Amount - Building and Improvements	28,098
Total Amount on Land and Building Improvements	35,942
Accumulated Depreciation	(2,816)
Jacksonville Nine [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	3,212
Initial Costs - Building and Improvements	11,324
Work in Progress and Costs Capitalized Subsequent To Acquisition	1,976
Gross Amount - Land	3,212
Gross Amount - Building and Improvements	13,300
Total Amount on Land and Building Improvements	16,512
Accumulated Depreciation	(1,171)
Jacksonville Ten [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	555
Initial Costs - Building and Improvements	1,583
Work in Progress and Costs Capitalized Subsequent To Acquisition	9
Gross Amount - Land	555
Gross Amount - Building and Improvements	1,592
Total Amount on Land and Building Improvements	2,147
Accumulated Depreciation	(220)
Jacksonville Eleven [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	118
Initial Costs - Building and Improvements	450
Work in Progress and Costs Capitalized Subsequent To Acquisition	2
Gross Amount - Land	118
Gross Amount - Building and Improvements	452
Total Amount on Land and Building Improvements	570
Accumulated Depreciation	(48)
Jacksonville Twelve [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	598
Initial Costs - Building and Improvements	1,607
Work in Progress and Costs Capitalized Subsequent To Acquisition	9
Gross Amount - Land	598
Gross Amount - Building and Improvements	1,616
Total Amount on Land and Building Improvements	2,214
Accumulated Depreciation	(206)
Port Charlotte [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	956
Initial Costs - Building and Improvements	2,167
Work in Progress and Costs Capitalized Subsequent To Acquisition	18
Gross Amount - Land	956
Gross Amount - Building and Improvements	2,185
Total Amount on Land and Building Improvements	3,141
Accumulated Depreciation	(295)
Miami Lakes [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	8,439
Initial Costs - Building and Improvements	13,078
Work in Progress and Costs Capitalized Subsequent To Acquisition	242
Gross Amount - Land	8,439
Gross Amount - Building and Improvements	13,320
Total Amount on Land and Building Improvements	21,759
Accumulated Depreciation	(1,631)
Tampa Three [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,534
Initial Costs - Building and Improvements	3,493
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,534
Gross Amount - Building and Improvements	3,493
Total Amount on Land and Building Improvements	6,027
Accumulated Depreciation	(393)
Savannah [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,006
Initial Costs - Building and Improvements	3,828
Work in Progress and Costs Capitalized Subsequent To Acquisition	172
Gross Amount - Land	1,006
Gross Amount - Building and Improvements	4,000
Total Amount on Land and Building Improvements	5,006
Accumulated Depreciation	(374)
Overland Park [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	547
Initial Costs - Building and Improvements	3,384
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	547
Gross Amount - Building and Improvements	3,384
Total Amount on Land and Building Improvements	3,931
Accumulated Depreciation	(368)
Annapolis [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	779
Initial Costs - Building and Improvements	3,623
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	779
Gross Amount - Building and Improvements	3,623
Total Amount on Land and Building Improvements	4,402
Accumulated Depreciation	(337)
Springfield [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,211
Initial Costs - Building and Improvements	2,154
Work in Progress and Costs Capitalized Subsequent To Acquisition	124
Gross Amount - Land	1,211
Gross Amount - Building and Improvements	2,278
Total Amount on Land and Building Improvements	3,489
Accumulated Depreciation	(247)
Carollton [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,476
Initial Costs - Building and Improvements	2,494
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,476
Gross Amount - Building and Improvements	2,494
Total Amount on Land and Building Improvements	3,970
Accumulated Depreciation	(308)
Houston Five [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,000
Initial Costs - Building and Improvements	5,284
Work in Progress and Costs Capitalized Subsequent To Acquisition	92
Gross Amount - Land	1,000
Gross Amount - Building and Improvements	5,376
Total Amount on Land and Building Improvements	6,376
Accumulated Depreciation	(560)
Mission [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	614
Initial Costs - Building and Improvements	1,342
Work in Progress and Costs Capitalized Subsequent To Acquisition	35
Gross Amount - Land	614
Gross Amount - Building and Improvements	1,377
Total Amount on Land and Building Improvements	1,991
Accumulated Depreciation	(213)
Spokane [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	696
Initial Costs - Building and Improvements	2,897
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	696
Gross Amount - Building and Improvements	2,897
Total Amount on Land and Building Improvements	3,593
Accumulated Depreciation	(1,180)
Malvern [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,085
Initial Costs - Building and Improvements	21,494
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,085
Gross Amount - Building and Improvements	21,494
Total Amount on Land and Building Improvements	23,579
Accumulated Depreciation	(1,979)
Parsippany [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,133
Initial Costs - Building and Improvements	4,108
Work in Progress and Costs Capitalized Subsequent To Acquisition	127
Gross Amount - Land	2,133
Gross Amount - Building and Improvements	4,235
Total Amount on Land and Building Improvements	6,368
Accumulated Depreciation	(441)
Charlotte [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,944
Initial Costs - Building and Improvements	12,613
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,944
Gross Amount - Building and Improvements	12,613
Total Amount on Land and Building Improvements	14,557
Accumulated Depreciation	(717)
Irving Two [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	4,260
Initial Costs - Building and Improvements	47,397
Work in Progress and Costs Capitalized Subsequent To Acquisition	166
Gross Amount - Land	4,260
Gross Amount - Building and Improvements	47,563
Total Amount on Land and Building Improvements	51,823
Accumulated Depreciation	(2,364)
Parsippany Two [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	5,215
Initial Costs - Building and Improvements	39,985
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	5,215
Gross Amount - Building and Improvements	39,985
Total Amount on Land and Building Improvements	45,200
Accumulated Depreciation	(2,277)
Plantation [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	12,721
Initial Costs - Building and Improvements	32,270
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	12,721
Gross Amount - Building and Improvements	32,270
Total Amount on Land and Building Improvements	44,991
Accumulated Depreciation	(1,920)
Commerce [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	5,112
Initial Costs - Building and Improvements	14,910
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	5,112
Gross Amount - Building and Improvements	14,910
Total Amount on Land and Building Improvements	20,022
Accumulated Depreciation	(810)
Redondo Beach [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	8,520
Initial Costs - Building and Improvements	17,946
Work in Progress and Costs Capitalized Subsequent To Acquisition	1,235
Gross Amount - Land	8,520
Gross Amount - Building and Improvements	19,181
Total Amount on Land and Building Improvements	27,701
Accumulated Depreciation	(1,187)
Houston Six [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	4,854
Initial Costs - Building and Improvements	24,924
Work in Progress and Costs Capitalized Subsequent To Acquisition	9
Gross Amount - Land	4,854
Gross Amount - Building and Improvements	24,933
Total Amount on Land and Building Improvements	29,787
Accumulated Depreciation	(707)
Chantilly [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,730
Initial Costs - Building and Improvements	12,265
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,730
Gross Amount - Building and Improvements	12,265
Total Amount on Land and Building Improvements	13,995
Accumulated Depreciation	(403)
Chantilly Two [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,132
Initial Costs - Building and Improvements	9,015
Work in Progress and Costs Capitalized Subsequent To Acquisition	18
Gross Amount - Land	1,132
Gross Amount - Building and Improvements	9,033
Total Amount on Land and Building Improvements	10,165
Accumulated Depreciation	(279)
Woodcliff Lake [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	36,038
Initial Costs - Land	4,175
Initial Costs - Building and Improvements	22,499
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	4,175
Gross Amount - Building and Improvements	22,499
Total Amount on Land and Building Improvements	26,674
Accumulated Depreciation	(730)
Deerfield [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	11,202
Initial Costs - Land	2,218
Initial Costs - Building and Improvements	10,026
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,218
Gross Amount - Building and Improvements	10,026
Total Amount on Land and Building Improvements	12,244
Accumulated Depreciation	(316)
Parsippany Three [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	3,318
Initial Costs - Building and Improvements	31,682
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	3,318
Gross Amount - Building and Improvements	31,682
Total Amount on Land and Building Improvements	35,000
Accumulated Depreciation	(990)
Phoenix Six [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	0
Initial Costs - Building and Improvements	48,350
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	0
Gross Amount - Building and Improvements	48,350
Total Amount on Land and Building Improvements	48,350
Accumulated Depreciation	(1,477)
Philadelphia Two [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	6,216
Initial Costs - Building and Improvements	65,818
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	6,216
Gross Amount - Building and Improvements	65,818
Total Amount on Land and Building Improvements	72,034
Accumulated Depreciation	(2,002)
Raleigh [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,224
Initial Costs - Building and Improvements	5,047
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,224
Gross Amount - Building and Improvements	5,047
Total Amount on Land and Building Improvements	6,271
Accumulated Depreciation	(169)
Raleigh Two [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,578
Initial Costs - Building and Improvements	16,035
Work in Progress and Costs Capitalized Subsequent To Acquisition	206
Gross Amount - Land	1,578
Gross Amount - Building and Improvements	16,241
Total Amount on Land and Building Improvements	17,819
Accumulated Depreciation	(463)
Raleigh Three [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,614
Initial Costs - Building and Improvements	18,756
Work in Progress and Costs Capitalized Subsequent To Acquisition	86
Gross Amount - Land	1,614
Gross Amount - Building and Improvements	18,842
Total Amount on Land and Building Improvements	20,456
Accumulated Depreciation	(535)
Coppell [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	8,246
Initial Costs - Building and Improvements	27,631
Work in Progress and Costs Capitalized Subsequent To Acquisition	1,221
Gross Amount - Land	8,246
Gross Amount - Building and Improvements	28,852
Total Amount on Land and Building Improvements	37,098
Accumulated Depreciation	(879)
Houston Seven [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	3,833
Initial Costs - Building and Improvements	22,934
Work in Progress and Costs Capitalized Subsequent To Acquisition	12,846
Gross Amount - Land	3,833
Gross Amount - Building and Improvements	35,780
Total Amount on Land and Building Improvements	39,613
Accumulated Depreciation	(917)
Dublin [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	19,634
Initial Costs - Land	3,535
Initial Costs - Building and Improvements	22,622
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	3,535
Gross Amount - Building and Improvements	22,622
Total Amount on Land and Building Improvements	26,157
Accumulated Depreciation	(836)
Columbus [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	5,909
Initial Costs - Land	2,043
Initial Costs - Building and Improvements	9,169
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,043
Gross Amount - Building and Improvements	9,169
Total Amount on Land and Building Improvements	11,212
Accumulated Depreciation	(331)
Miramar One [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	11,664
Initial Costs - Building and Improvements	8,566
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	11,664
Gross Amount - Building and Improvements	8,566
Total Amount on Land and Building Improvements	20,230
Accumulated Depreciation	(449)
Miramar Two [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	6,510
Initial Costs - Building and Improvements	19,697
Work in Progress and Costs Capitalized Subsequent To Acquisition	106
Gross Amount - Land	6,510
Gross Amount - Building and Improvements	19,803
Total Amount on Land and Building Improvements	26,313
Accumulated Depreciation	(611)
Bloomington [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	4,036
Initial Costs - Building and Improvements	24,122
Work in Progress and Costs Capitalized Subsequent To Acquisition	2,578
Gross Amount - Land	4,036
Gross Amount - Building and Improvements	26,700
Total Amount on Land and Building Improvements	30,736
Accumulated Depreciation	(823)
Coventry [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,450
Initial Costs - Building and Improvements	0
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,450
Gross Amount - Building and Improvements	0
Total Amount on Land and Building Improvements	1,450
Accumulated Depreciation	0
Summit [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,516
Initial Costs - Building and Improvements	0
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,516
Gross Amount - Building and Improvements	0
Total Amount on Land and Building Improvements	2,516
Accumulated Depreciation	0
Lake Forest [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	5,036
Initial Costs - Building and Improvements	9,994
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	5,036
Gross Amount - Building and Improvements	9,994
Total Amount on Land and Building Improvements	15,030
Accumulated Depreciation	(157)
Emmaus [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	407
Initial Costs - Building and Improvements	986
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	407
Gross Amount - Building and Improvements	986
Total Amount on Land and Building Improvements	1,393
Accumulated Depreciation	(187)
Calabash [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	187
Initial Costs - Building and Improvements	290
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	187
Gross Amount - Building and Improvements	290
Total Amount on Land and Building Improvements	477
Accumulated Depreciation	(71)
Franklin Park [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	4,512
Initial Costs - Building and Improvements	2,457
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	4,512
Gross Amount - Building and Improvements	2,457
Total Amount on Land and Building Improvements	6,969
Accumulated Depreciation	(409)
Long Beach One [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,117
Initial Costs - Building and Improvements	2,599
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,117
Gross Amount - Building and Improvements	2,599
Total Amount on Land and Building Improvements	3,716
Accumulated Depreciation	(265)
Bakersfield [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	503
Initial Costs - Building and Improvements	2,670
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	503
Gross Amount - Building and Improvements	2,670
Total Amount on Land and Building Improvements	3,173
Accumulated Depreciation	(319)
Compton [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,368
Initial Costs - Building and Improvements	1,639
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,368
Gross Amount - Building and Improvements	1,639
Total Amount on Land and Building Improvements	4,007
Accumulated Depreciation	(228)
El Segundo Two [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,812
Initial Costs - Building and Improvements	1,879
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,812
Gross Amount - Building and Improvements	1,879
Total Amount on Land and Building Improvements	4,691
Accumulated Depreciation	(234)
Gardena [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,970
Initial Costs - Building and Improvements	5,564
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,970
Gross Amount - Building and Improvements	5,564
Total Amount on Land and Building Improvements	8,534
Accumulated Depreciation	(629)
Los Angeles [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,403
Initial Costs - Building and Improvements	3,128
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,403
Gross Amount - Building and Improvements	3,128
Total Amount on Land and Building Improvements	4,531
Accumulated Depreciation	(306)
Lynwood [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,652
Initial Costs - Building and Improvements	1,834
Work in Progress and Costs Capitalized Subsequent To Acquisition	57
Gross Amount - Land	1,652
Gross Amount - Building and Improvements	1,891
Total Amount on Land and Building Improvements	3,543
Accumulated Depreciation	(217)
North Hollywood [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,504
Initial Costs - Building and Improvements	5,106
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,504
Gross Amount - Building and Improvements	5,106
Total Amount on Land and Building Improvements	7,610
Accumulated Depreciation	(506)
Los Angeles Two [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,146
Initial Costs - Building and Improvements	1,909
Work in Progress and Costs Capitalized Subsequent To Acquisition	62
Gross Amount - Land	1,146
Gross Amount - Building and Improvements	1,971
Total Amount on Land and Building Improvements	3,117
Accumulated Depreciation	(222)
Salinas [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	944
Initial Costs - Building and Improvements	3,791
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	944
Gross Amount - Building and Improvements	3,791
Total Amount on Land and Building Improvements	4,735
Accumulated Depreciation	(428)
Santa Barbara [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,883
Initial Costs - Building and Improvements	5,220
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,883
Gross Amount - Building and Improvements	5,220
Total Amount on Land and Building Improvements	8,103
Accumulated Depreciation	(503)
Santa Maria [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,458
Initial Costs - Building and Improvements	4,703
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,458
Gross Amount - Building and Improvements	4,703
Total Amount on Land and Building Improvements	6,161
Accumulated Depreciation	(485)
Mission Hills [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,434
Initial Costs - Building and Improvements	3,166
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,434
Gross Amount - Building and Improvements	3,166
Total Amount on Land and Building Improvements	4,600
Accumulated Depreciation	(325)
Bakersfiled Two [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,035
Initial Costs - Building and Improvements	2,617
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,035
Gross Amount - Building and Improvements	2,617
Total Amount on Land and Building Improvements	3,652
Accumulated Depreciation	(309)
Torrance [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,454
Initial Costs - Building and Improvements	3,269
Work in Progress and Costs Capitalized Subsequent To Acquisition	93
Gross Amount - Land	1,454
Gross Amount - Building and Improvements	3,362
Total Amount on Land and Building Improvements	4,816
Accumulated Depreciation	(328)
Ventura [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,444
Initial Costs - Building and Improvements	3,534
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,444
Gross Amount - Building and Improvements	3,534
Total Amount on Land and Building Improvements	5,978
Accumulated Depreciation	(382)
Long Beach [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,272
Initial Costs - Building and Improvements	2,533
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,272
Gross Amount - Building and Improvements	2,533
Total Amount on Land and Building Improvements	3,805
Accumulated Depreciation	(249)
Clearwater [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,389
Initial Costs - Building and Improvements	3,354
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,389
Gross Amount - Building and Improvements	3,354
Total Amount on Land and Building Improvements	4,743
Accumulated Depreciation	(361)
Hialeah [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,615
Initial Costs - Building and Improvements	2,410
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,615
Gross Amount - Building and Improvements	2,410
Total Amount on Land and Building Improvements	5,025
Accumulated Depreciation	(274)
Jacksonville Thirteen [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	741
Initial Costs - Building and Improvements	1,011
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	741
Gross Amount - Building and Improvements	1,011
Total Amount on Land and Building Improvements	1,752
Accumulated Depreciation	(141)
Baltimore Two [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	751
Initial Costs - Building and Improvements	2,249
Work in Progress and Costs Capitalized Subsequent To Acquisition	148
Gross Amount - Land	751
Gross Amount - Building and Improvements	2,397
Total Amount on Land and Building Improvements	3,148
Accumulated Depreciation	(290)
Richland [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	78
Initial Costs - Building and Improvements	1,183
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	78
Gross Amount - Building and Improvements	1,183
Total Amount on Land and Building Improvements	1,261
Accumulated Depreciation	(156)
Springfield Two [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	0
Initial Costs - Building and Improvements	2,432
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	0
Gross Amount - Building and Improvements	2,432
Total Amount on Land and Building Improvements	2,432
Accumulated Depreciation	(268)
Bellingham Two [Member] | Office Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,663
Initial Costs - Building and Improvements	2,702
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,663
Gross Amount - Building and Improvements	2,702
Total Amount on Land and Building Improvements	4,365
Accumulated Depreciation	(294)
Reston [Member] | Special Retail Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	4,440
Initial Costs - Building and Improvements	28,070
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	4,440
Gross Amount - Building and Improvements	28,070
Total Amount on Land and Building Improvements	32,510
Accumulated Depreciation	(1,186)
Colorado Springs [Member] | Special Retail Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,600
Initial Costs - Building and Improvements	33,766
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,600
Gross Amount - Building and Improvements	33,766
Total Amount on Land and Building Improvements	35,366
Accumulated Depreciation	(1,407)
Mansfield [Member] | Special Retail Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	3,050
Initial Costs - Building and Improvements	23,684
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	3,050
Gross Amount - Building and Improvements	23,684
Total Amount on Land and Building Improvements	26,734
Accumulated Depreciation	(1,001)
Canton [Member] | Special Retail Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	950
Initial Costs - Building and Improvements	24,620
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	950
Gross Amount - Building and Improvements	24,620
Total Amount on Land and Building Improvements	25,570
Accumulated Depreciation	(1,073)
Collierville [Member] | Special Retail Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,950
Initial Costs - Building and Improvements	24,161
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,950
Gross Amount - Building and Improvements	24,161
Total Amount on Land and Building Improvements	27,111
Accumulated Depreciation	(1,009)
Deerfield Two [Member] | Special Retail Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	3,620
Initial Costs - Building and Improvements	20,880
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	3,620
Gross Amount - Building and Improvements	20,880
Total Amount on Land and Building Improvements	24,500
Accumulated Depreciation	(914)
Bixby [Member] | Special Retail Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,410
Initial Costs - Building and Improvements	22,663
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,410
Gross Amount - Building and Improvements	22,663
Total Amount on Land and Building Improvements	25,073
Accumulated Depreciation	(951)
Centennial [Member] | Special Retail Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,400
Initial Costs - Building and Improvements	29,043
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,400
Gross Amount - Building and Improvements	29,043
Total Amount on Land and Building Improvements	31,443
Accumulated Depreciation	(1,217)
Eden Prairie [Member] | Special Retail Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	2,290
Initial Costs - Building and Improvements	20,549
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	2,290
Gross Amount - Building and Improvements	20,549
Total Amount on Land and Building Improvements	22,839
Accumulated Depreciation	(1,381)
Summit Two [Member] | Special Retail Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs - Land	1,223
Initial Costs - Building and Improvements	3,964
Work in Progress and Costs Capitalized Subsequent To Acquisition	0
Gross Amount - Land	1,223
Gross Amount - Building and Improvements	3,964
Total Amount on Land and Building Improvements	5,187
Accumulated Depreciation	$ (67)