Black Creek Diversified Property Fund 10-Q12 Nov 142014 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 05, 2014	Nov. 05, 2014	Nov. 05, 2014	Nov. 05, 2014
	Sep. 30, 2014	Class E	Class A	Class W	Class I
Document Information [Line Items]	'	'	'	'	'
Document Type	'10-Q	'	'	'	'
Amendment Flag	'false	'	'	'	'
Document Period End Date	30-Sep-14	'	'	'	'
Document Fiscal Year Focus	'2014	'	'	'	'
Document Fiscal Period Focus	'Q3	'	'	'	'
Entity Registrant Name	'Dividend Capital Diversified Property Fund Inc.	'	'	'	'
Entity Central Index Key	'0001327978	'	'	'	'
Current Fiscal Year End Date	'--12-31	'	'	'	'
Entity Filer Category	'Non-accelerated Filer	'	'	'	'
Entity Common Stock, Shares Outstanding	'	165,031,816	1,043,704	1,079,623	12,982,077

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014		Dec. 31, 2013
ASSETS	'		'
Investments in real property	$2,450,058		$2,376,864
Accumulated depreciation and amortization	-512,427		-452,222
Total net investments in real property	1,937,631	[1]	1,924,642	[1]
Debt related investments, net	94,673		123,935
Total net investments	2,032,304		2,048,577
Cash and cash equivalents	27,814		24,778
Restricted cash	25,784		25,550
Other assets, net	62,271		60,328
Assets held for sale	'		146,176	[2]
Total Assets	2,148,173		2,305,409
Liabilities:	'		'
Mortgage notes and other secured borrowings	871,230	[3]	943,045	[3]
Unsecured borrowings	317,500		300,000
Intangible lease liabilities, net	78,545		74,413
Other liabilities	101,657		96,272
Liabilities associated with assets held for sale	'		86,668	[4]
Total Liabilities	1,368,932		1,500,398
Stockholders' equity:	'		'
Common stock, $0.01 par value; 1,000,000,000 shares authorized; 178,728,868 and 176,006,755 shares issued and outstanding, as of September 30, 2014 and December 31, 2013, respectively	1,787	[5]	1,760	[5]
Additional paid-in capital	1,589,520		1,582,886
Distributions in excess of earnings	-883,418		-860,747
Accumulated other comprehensive loss	-9,515		-10,794
Total stockholders' equity	698,374		713,105
Noncontrolling interests	80,867		91,906
Total Equity	779,241		805,011
Total Liabilities and Equity	$2,148,173		$2,305,409

[1]	Includes approximately $81.3 million and $82.4 million, after accumulated depreciation and amortization, in consolidated real property variable interest entity investments as of September 30, 2014 and DecemberB 31, 2013, respectively.
[2]	Includes approximately $0 and $143.0 million, after accumulated depreciation and amortization, in consolidated real property variable interest entity investments as of September 30, 2014 and DecemberB 31, 2013, respectively.
[3]	Includes approximately $59.7 million and $60.7 million in consolidated mortgage notes in variable interest entity investments as of September 30, 2014 and DecemberB 31, 2013, respectively.
[4]	Includes approximately $0 and $80.4 million in consolidated mortgage notes in variable interest entity investments as of September 30, 2014 and DecemberB 31, 2013, respectively.
[5]	Includes 164,359,165 shares of Class E common stock, 986,494 shares of ClassB A common stock, 766,608 shares of Class W common stock, and 12,616,601 shares of Class I common stock issued and outstanding as of September 30, 2014, and 171,254,036 shares of Class E common stock, 216,745 shares of ClassB A common stock, 208,889B shares of Class W common stock, and 4,327,085 shares of Class I common stock issued and outstanding as of DecemberB 31, 2013.

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2014		Dec. 31, 2013
Common stock, par value	0.01		0.01
Common stock, shares authorized	1,000,000,000		1,000,000,000
Common stock, shares issued	178,728,868	[1]	176,006,755	[1]
Common stock, shares outstanding	178,728,868	[1]	176,006,755	[1]
Investment in real property	1,937,631,000	[2]	1,924,642,000	[2]
Class E	'		'
Common stock, shares issued	164,359,165		171,254,036
Class A	'		'
Common stock, shares issued	986,494		216,745
Class W	'		'
Common stock, shares issued	766,608		208,889
Class I	'		'
Common stock, shares issued	12,616,601		4,327,085
Variable interest entity investments	'		'
Investment in real property	81,300,000		82,400,000
Mortgage notes	59,700,000		60,700,000
Variable interest entity investments \| Assets Held for Sale [Member]	'		'
Investment in real property	0		143,000,000
Variable interest entity investments \| Liabilities of Assets Held for Sale [Member]	'		'
Mortgage notes	0		80,400,000

[1]	Includes 164,359,165 shares of Class E common stock, 986,494 shares of ClassB A common stock, 766,608 shares of Class W common stock, and 12,616,601 shares of Class I common stock issued and outstanding as of September 30, 2014, and 171,254,036 shares of Class E common stock, 216,745 shares of ClassB A common stock, 208,889B shares of Class W common stock, and 4,327,085 shares of Class I common stock issued and outstanding as of DecemberB 31, 2013.
[2]	Includes approximately $81.3 million and $82.4 million, after accumulated depreciation and amortization, in consolidated real property variable interest entity investments as of September 30, 2014 and DecemberB 31, 2013, respectively.

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended				9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
REVENUE:	'		'		'		'
Rental revenue	$56,793		$52,113		$166,933		$153,948
Debt related income	1,798		2,309		5,571		7,659
Total Revenue	58,591		54,422		172,504		161,607
EXPENSES:	'		'		'		'
Rental expense	12,804		10,845		37,947		31,690
Real estate depreciation and amortization expense	21,918		21,311		66,481		63,901
General and administrative expenses	2,739	[1]	2,212	[1]	8,683	[1]	7,087	[1]
Advisory fees, related party	4,083		3,813		11,678		11,221
Acquisition-related expenses	214		'		466		'
Impairment of real estate property	9,500		'		9,500		'
Total Operating Expenses	51,258		38,181		134,755		113,899
Other Income (Expenses):	'		'		'		'
Interest and other income (expense)	424		-424		688		-287
Interest expense	-15,276		-15,885		-46,549		-48,848
Loss on extinguishment of debt and financing commitments	'		-4		-63		-699
Gain on sale of real property	'		'		6,462	[2]	'
Loss from continuing operations	-7,519	[3]	-72	[3]	-1,713	[3]	-2,126	[3]
Discontinued operations	5		45,403		30,005		60,052
Net (Loss) Income	-7,514		45,331		28,292		57,926
Net loss (income) attributable to noncontrolling interests	475		-3,257		-4,405		-4,087
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	($7,039)		$42,074		$23,887		$53,839
Net (loss) income per basic and diluted common share:	'		'		'		'
Continuing operations	($0.04)		$0		($0.01)		($0.01)
Discontinued operations	$0		$0.24		$0.14		$0.32
NET (LOSS) INCOME PER BASIC AND DILUTED COMMON SHARE	($0.04)		$0.24		$0.13		$0.31
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	'		'		'		'
Basic	178,729		178,201		177,717		178,415
Diluted	191,422		191,783		190,605		192,263
Distributions declared per common share	$0.09		$0.09		$0.26		$0.26

[1]	Includes approximately $1.6 million and $1.1 million, paid to our Advisor and its affiliates for reimbursable expenses during the three months ended September 30, 2014 and 2013, respectively, and approximately $4.7 million and $3.2 million paid to our Advisor and its affiliates for reimbursable expenses during the nine months ended September 30, 2014 and 2013, respectively.
[2]	Includes approximately $0 and $328,000 paid to our Advisor for advisory fees associated with the disposition of real properties during the three and nine months ended September 30, 2014, respectively.(3)
[3]	Includes approximately $0 and $1.3 million paid to our Advisor for advisory fees associated with the disposition of real properties during the three months ended September 30, 2014 and 2013, respectively, and $1.6 million and $2.5 million paid to our Advisor for advisory fees associated with the disposition of real properties during the nine months ended September 30, 2014 and 2013, respectively.

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
General and administrative expenses	$2,739,000	[1]	$2,212,000	[1]	$8,683,000	[1]	$7,087,000	[1]
Paid to Advisor	'		'		'		'
Asset management fees related to discontinued operations	0		'		328,000		'
Related Party [Member]	'		'		'		'
General and administrative expenses	1,600,000		1,100,000		4,700,000		3,200,000
Discontinued Operations \| Paid to Advisor	'		'		'		'
Asset management fees related to discontinued operations	$0		$1,300,000		$1,600,000		$2,500,000

[1]	Includes approximately $1.6 million and $1.1 million, paid to our Advisor and its affiliates for reimbursable expenses during the three months ended September 30, 2014 and 2013, respectively, and approximately $4.7 million and $3.2 million paid to our Advisor and its affiliates for reimbursable expenses during the nine months ended September 30, 2014 and 2013, respectively.

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME AND LOSS (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME AND LOSS [Abstract]	'	'	'	'
Net (Loss) Income	($7,514)	$45,331	$28,292	$57,926
Other Comprehensive Income (Loss):	'	'	'	'
Net unrealized change from available-for-sale securities	'	'	-211	'
Unrealized change from cash flow hedging derivatives	1,160	-123	1,389	2,777
Comprehensive (loss) income	-6,354	45,208	29,470	60,703
Comprehensive loss (income) attributable to noncontrolling interests	472	-3,205	-4,304	-3,561
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	($5,882)	$42,003	$25,166	$57,142

CONDENSED_CONSOLIDATED_STATEME3

CONDENSED CONSOLIDATED STATEMENT OF EQUITY (USD $)	Common Stock	Additional Paid-in Capital	Distributions in Excess of Earnings	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests	Total
In Thousands, except Share data, unless otherwise specified	Common Stock	Additional Paid-in Capital	Distributions in Excess of Earnings	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests	Total
Beginning Balances at Dec. 31, 2013	$1,760	$1,582,886	($860,747)	($10,794)	$91,906	$805,011
Beginning Balances (in shares) at Dec. 31, 2013	176,007,000	'	'	'	'	176,006,755	[1]
Comprehensive income (loss):	'	'	'	'	'	'
Net income	'	'	23,887	'	4,405	28,292
Net unrealized change from available-for-sale securities	'	'	'	-196	-15	-211
Unrealized change from cash flow hedging derivatives	'	'	'	1,297	92	1,389
Common stock:	'	'	'	'	'	'
Issuance of common stock, net of offering costs (in shares)	11,937,000	'	'	'	'	'
Issuance of common stock, net of offering costs	120	73,604	'	'	'	73,724
Issuance of common stock, stock-based compensation plans (in shares)	136,000	'	'	'	'	'
Issuance of common stock, stock-based compensation plans	1	540	'	'	'	541
Redemptions of common stock (in shares)	-9,351,000	'	'	'	'	'
Redemptions of common stock	-94	-65,529	'	'	'	-65,623
Amortization of stock based compensation	'	22	'	'	'	22
Distributions declared on common stock	'	'	-46,558	'	'	-46,558
Noncontrolling interests:	'	'	'	'	'	'
Contributions of noncontrolling interests	'	'	'	'	13	13
Distributions declared to noncontrolling interests	'	'	'	'	-8,321	-8,321
Redemptions of noncontrolling interests	'	-1,033	'	178	-6,397	-7,252
Buyout of noncontrolling interest	'	-970	'	'	-816	-1,786
Ending Balances at Sep. 30, 2014	$1,787	$1,589,520	($883,418)	($9,515)	$80,867	$779,241
Ending Balances (in shares) at Sep. 30, 2014	178,729,000	'	'	'	'	178,728,868	[1]

[1]	Includes 164,359,165 shares of Class E common stock, 986,494 shares of ClassB A common stock, 766,608 shares of Class W common stock, and 12,616,601 shares of Class I common stock issued and outstanding as of September 30, 2014, and 171,254,036 shares of Class E common stock, 216,745 shares of ClassB A common stock, 208,889B shares of Class W common stock, and 4,327,085 shares of Class I common stock issued and outstanding as of DecemberB 31, 2013.

CONDENSED_CONSOLIDATED_STATEME4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013
OPERATING ACTIVITIES:	'		'
Net (Loss) Income	$28,292		$57,926
Adjustments to reconcile net income to net cash provided by operating activities:	'		'
Real estate depreciation and amortization expense	66,481		83,098
Gain on disposition of real property	-36,140		-68,726
Unrealized impairment loss on real property	9,500		'
Loss on extinguishment of debt and financing commitments	63		699
Other adjustments to reconcile net income to net cash provided by operating activities	7,185		5,825
Changes in operating assets and liabilities	-12,515		-16,163
Net cash provided by operating activities	62,866		62,659
INVESTING ACTIVITIES:	'		'
Acquisition of real property	-86,346		'
Capital expenditures in real property	-10,176		-16,880
Proceeds from disposition of real property	96,602		117,992
Investment in debt related investments	'		-9,272
Principal collections on debt related investments	23,688		27,270
Other investing activities	-1,146		-5,114
Net cash provided by investing activities	22,622		113,996
FINANCING ACTIVITIES:	'		'
Mortgage note principal repayments	-49,133		-25,417
Net proceeds from (repayments of) revolving line of credit borrowings	17,500		-30,000
Repayment of other secured borrowings	-844		-43,935
Redemption of common shares	-65,087		-51,481
Distributions on common stock	-30,913		-30,756
Proceeds from sale of common stock	66,041		27,384
Offering costs for issuance of common stock	-3,836		-2,799
Distributions to noncontrolling interest holders	-8,391		-4,340
Other financing activities	-7,789		-12,180
Net cash used in financing activities	-82,452		-173,524
NET INCREASE IN CASH AND CASH EQUIVALENTS	3,036		3,131
CASH AND CASH EQUIVALENTS, beginning of period	24,778		36,872
CASH AND CASH EQUIVALENTS, end of period	27,814		40,003
Supplemental Disclosure of Cash Flow Information:	'		'
Cash paid for interest	43,299		55,566
Amount issued pursuant to the distribution reinvestment plan	15,578		16,184
Non-cash investment in real property	12,232		'
Non-cash principal collection on debt related investments	7,125	[1]	42,271	[1]
Non-cash disposition of real property	94,011	[1]	225,409	[1]
Non-cash reduction of mortgage note and other secured borrowings	$101,807	[1]	$281,845	[1]

[1]	Represents the amount of sales proceeds and debt repayments from the disposition of real property or the repayment of borrowings that we did not receive or pay in cash, primarily due to the repayment or assumption of related borrowings by the purchaser or borrower at closing.

Organization

Organization	9 Months Ended
Organization	Sep. 30, 2014
Organization [Abstract]	'
Organization	'
	1. ORGANIZATION
	Dividend Capital Diversified Property Fund Inc. is a Maryland corporation formed on April 11, 2005 to invest in a diverse portfolio of real property and real estate related investments. As used herein, “the Company,” “we,” “our” and “us” refer to Dividend Capital Diversified Property Fund Inc. and its consolidated subsidiaries and partnerships except where the context otherwise requires.
	We believe we have operated in such a manner as to qualify as a real estate investment trust (“REIT”) for federal income tax purposes, and we utilize an Umbrella Partnership Real Estate Investment Trust (“UPREIT”) organizational structure to hold all or substantially all of our assets through our operating partnership, Dividend Capital Total Realty Operating Partnership, L.P. (our “Operating Partnership”). Furthermore, our Operating Partnership wholly owns a taxable REIT subsidiary, DCTRT Leasing Corp. (the “TRS”), through which we have executed certain business transactions that might otherwise have an adverse impact on our status as a REIT if such business transactions were to occur directly or indirectly through our Operating Partnership.
	We are the sole general partner of our Operating Partnership. In addition, we have contributed 100% of the proceeds received from our offerings of common stock to our Operating Partnership in exchange for partnership units (“OP Units”) representing our interest as a limited partner of the Operating Partnership. As of September 30, 2014 and December 31, 2013, we owned approximately 93.6% and 93.0%, respectively, of the limited partnership interests in our Operating Partnership, and the remaining limited partnership interests in our Operating Partnership were owned by third-party investors. Our Operating Partnership has classes of OP Units that correspond to our four classes of common stock: Class E OP Units, Class A OP Units, Class W OP Units, and Class I OP Units. The OP Units held by third parties are all Class E OP Units. As of September 30, 2014 and December 31, 2013, our Operating Partnership had issued and outstanding approximately 12.2 million and 13.3 million Class E OP Units held by third party investors, respectively, which represent limited partnership interests issued in connection with its private placement offerings.
	Dividend Capital Total Advisors LLC (our “Advisor”), a related party, manages our day-to-day activities under the terms and conditions of an advisory agreement (as amended from time to time, the “Advisory Agreement”). Our Advisor and its affiliates receive various forms of compensation, reimbursements and fees for services relating to the investment and management of our real estate assets.
	On July 12, 2012, the Securities and Exchange Commission (the “Commission”) declared effective our Registration Statement on Form S-11 (Registration Number 333-175989) (as amended, the “Registration Statement”). The Registration Statement applies to the offer and sale (the “Offering”) of up to $3,000,000,000 of our shares of common stock, of which $2,250,000,000 of shares are expected to be offered to the public in a primary offering and $750,000,000 of shares are expected to be offered to our stockholders pursuant to an amended and restated distribution reinvestment plan (subject to our right to reallocate such amounts). In the Offering, we are offering to the public three classes of shares: Class A shares, Class W shares and Class I shares with net asset value (“NAV”) based pricing. See Part I, Item 2 of this Quarterly Report on Form 10-Q for a description of our valuation procedures and valuation components, including important disclosure regarding real property valuations provided by Altus Group U.S., Inc., an independent valuation firm. Our independent registered public accounting firm does not audit our NAV. Selling commissions, dealer manager fees, and distribution fees are allocated to Class A shares, Class W shares, and Class I shares on a class-specific basis and differ for each class, even when the NAV of each class is the same. We are offering to sell any combination of Class A shares, Class W shares and Class I shares with a dollar value up to the maximum offering amount. We also sell shares of our unclassified common stock, which we refer to as “Class E” shares, pursuant to our distribution reinvestment plan offering registered on our Registration Statement on Form S-3 (Registration Number 333-162636). In the event of a liquidation event, our assets, or the proceeds therefrom, will be distributed ratably in proportion to the respective NAV for each class until the NAV for each class has been paid. Other than differing allocable fees and expenses and liquidation rights, Class E shares, Class A shares, Class W shares, and Class I shares have identical rights and privileges.

	As of September 30, 2014, we had raised gross proceeds of approximately $100.8 million from the sale of approximately 14.5 million shares in the Offering, including approximately $670,000 through our distribution reinvestment plan. As of September 30, 2014, approximately $2,899.2 million in shares remained available for sale pursuant to the Offering, including approximately $749.3 million in shares available for sale through our distribution reinvestment plan.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 2014
Summary of Significant Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Interim Financial Statements
	The accompanying interim condensed consolidated financial statements (herein referred to as “financial statements,” “balance sheets,” “statements of operations,” “statement of equity,” or “statements of comprehensive income and loss”) have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and with the Commission instructions to Form 10-Q and Rule 10-01 of Regulation S-X for interim financial statements. Accordingly, these financial statements do not include all the information and disclosure required by GAAP for complete financial statements. In the opinion of management, the accompanying financial statements include all adjustments and eliminations, consisting only of normal recurring items necessary for their fair presentation in conformity with GAAP. Interim results are not necessarily indicative of operating results for a full year. The unaudited information included in this Quarterly Report on Form 10-Q should be read in conjunction with our audited financial statements and notes thereto, included in our Annual Report on Form 10-K for the year ended December 31, 2013, filed with the Commission on March 10, 2014. There have been no significant changes to the Company's significant accounting policies during the nine months ended September 30, 2014 other than the updates described below.
	Reclassifications
	Certain amounts included in the accompanying financial statements for 2013 have been reclassified to conform to the 2014 financial statements presentation. Statements of operations amounts for properties disposed of or classified as held for sale as of December 31, 2013, have been reclassified to discontinued operations for all periods presented. Amounts in our segment disclosures in Note 10 reflect the reclassification of amounts related to properties that have been disposed of or classified as held for sale as of December 31, 2013.
	New Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update 2014-09 (“ASU 2014-09”), which provides new guidance outlining a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers that supersedes most current revenue recognition guidance. This guidance requires an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Additionally, this guidance expands related disclosure requirements. The new guidance specifically excludes revenue associated with lease contracts. ASU 2014-09 is effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2016 and will require full or modified retrospective application. Early adoption is not permitted. We are currently evaluating the impact this guidance will have on our financial statements as well as the expected adoption method.
	In April 2014, the FASB issued Accounting Standards Update 2014-08 (“ASU 2014-08”), which provides a revised definition of a discontinued operation. ASU 2014-08 requires additional disclosures for a discontinued operation and the disposal of an asset and component of the entity that is not a discontinued operation. Under ASU 2014-08, a discontinued operation is a component (or group of components) of the entity, the disposal of which would represent a strategic shift that has (or will have) a major effect on the entity’s operations and financial results, when such component (or group of components) have been disposed of or classified as held for sale. The amendments in the ASU should be applied prospectively and are effective for us beginning January 1, 2015, with early adoption permitted. We adopted this standard effective January 1, 2014. During the nine months ended September 30, 2014, we disposed of four operating properties that we determined did not meet the definition of discontinued operations under the revised standard. As a result of our adoption of this ASU, we anticipate that fewer of our property dispositions made in the normal course of business will qualify for discontinued operations reporting. See Note 3 for additional information.

Investments_in_Real_Property

Investments in Real Property	9 Months Ended
Investments in Real Property	Sep. 30, 2014
Investments in Real Property [Abstract]	'
Investments in Real Property	'
	3. INVESTMENTS IN REAL PROPERTY
	Our consolidated investments in real property consist of investments in office, industrial and retail properties. The following tables summarize our consolidated investments in real property as of September 30, 2014 and December 31, 2013 (amounts in thousands):



	Real Property		Land			Building and Improvements			Intangible Lease Assets			Total Investment Amount			Intangible Lease Liabilities		Net Investment Amount

	As of September 30, 2014:
	Office	$	241,804		$	817,139		$	366,126		$	1,425,069		$	-21,535	$	1,403,534
	Industrial		30,619			203,025			51,999			285,643			-41,011		244,632
	Retail		228,846			429,333			81,167			739,346			-52,460		686,886
	Total gross book value		501,269			1,449,497			499,292			2,450,058			-115,006		2,335,052
	Accumulated depreciation/amortization		-			-190,003			-322,424			-512,427			36,461		-475,966
	Total net book value	$	501,269		$	1,259,494		$	176,868		$	1,937,631		$	-78,545	$	1,859,086
	As of December 31, 2013:
	Office	$	232,117		$	769,654		$	365,314		$	1,367,085		$	-15,861	$	1,351,224
	Industrial (1)		51,678			359,800			66,877			478,355			-46,626		431,729
	Retail		227,218			420,070			77,752			725,040			-51,059		673,981
	Total gross book value		511,013			1,549,524			509,943			2,570,480			-113,546		2,456,934
	Accumulated depreciation/amortization		-			-207,966			-294,881			-502,847			35,997		-466,850
	Total net book value	$	511,013		$	1,341,558		$	215,062		$	2,067,633		$	-77,549	$	1,990,084

		-1		Includes $21.1 million in land, $157.7 million in building and improvements, $14.9 million in intangible lease assets, and $5.6 million in intangible lease liabilities, before accumulated depreciation on assets of $50.6 million and accumulated amortization of intangible lease liabilities of $2.5 million, related to 12 industrial properties classified as held for sale in the accompanying balance sheet as of December 31, 2013.
	Acquisitions
	The following table summarizes our acquisitions of real properties during the nine months ended September 30, 2014 (dollar amounts and square footage in thousands):


	Real Property	Market	Property Type	Number of Properties	Date of Acquisition			Acquisition Price	Net Rentable Square Feet	Percent Leased
	1st Avenue Plaza	Denver, CO	Office	1	8/22/14		$	75,000	262	94%
	Durgin Square	Boston, MA	Retail	1	5/28/14			24,700	138	94%
	Total 2014 real property acquisitions			2			$	99,700	400	94%

	On August 22, 2014, we acquired a 100% interest in a 262,000 square foot office property in the Denver market (“1st Avenue Plaza”). As of September 30, 2014, we have made an allocation of the fair value of the acquired assets and liabilities of 1st Avenue Plaza to land, building, improvements and intangible lease assets and liabilities. Based on this allocation of the $75.0 million in estimated fair value of the acquired net assets of 1st Avenue Plaza, we attributed approximately $15.7 million to land, approximately $55.7 million to building and improvements, approximately $9.6 million to intangible lease assets, and approximately $6.0 million to intangible lease liabilities. The weighted-average amortization periods for the intangible lease assets and intangible lease liabilities were approximately 4.1 years and 4.5 years, respectively, at the acquisition date. We have not made any material adjustments related to this acquisition since the initial allocation.
	On May 28, 2014, we acquired a 100% interest in a 138,000 square foot retail property in the Boston market (“Durgin Square”). As of September 30, 2014, we have made an allocation of the fair value of the acquired assets and liabilities of Durgin Square to land, building, improvements and intangible lease assets and liabilities. Based on this allocation of the $24.7 million in estimated fair value of the acquired net assets of Durgin Square, we attributed approximately $7.2 million to land, approximately $16.0 million to building and improvements, approximately $5.1 million to intangible lease assets, and approximately $3.6 million to intangible lease liabilities. The weighted-average amortization periods for the intangible lease assets and intangible lease liabilities were approximately 5.4 years and 17.3 years, respectively, at the acquisition date. We have not made any material adjustments related to this acquisition since the initial allocation.
	For the three and nine months ended September 30, 2014, our consolidated statement of operations includes aggregate revenue and net operating income (“NOI”) attributable to 1st Avenue Plaza and Durgin Square as shown in the table below (amounts in thousands):



			For the Three Months Ended September 30, 2014						For the Nine Months Ended September 30, 2014
			Revenue			NOI (1)			Revenue			NOI (1)
	Real Property
	1st Avenue Plaza		$	912		$	611		$	912		$	611
	Durgin Square			693			529			950			731
	Total		$	1,605		$	1,140		$	1,862		$	1,342



		-1		For a discussion as to why we view NOI to be an appropriate supplemental performance measure and a reconciliation to GAAP net income, refer to Note 10.


	Dispositions
	During the nine months ended September 30, 2014, we disposed of the following properties (dollar amounts and square footage in thousands):

	Type of Property	Market	DPF Ownership	Building Square Feet	Disposition Date	Gain on Sale

	2014 Dispositions
	Industrial Portfolio	Various(1)	92.50%	3,387	22-Jan-14	$	29,545
	Retail	Boston, MA	100.00%	110	18-Feb-14		2,276
	Office	Little Rock, AR	100.00%	102	25-Feb-14		1,350
	Land Parcel	Denver, CO	100.00%	-	14-Apr-14		93
	Office	East Bay, CA	100.00%	60	13-Jun-14		2,755
				3,659		$	36,019

(1)Industrial portfolio included 12 properties located in the following markets: Atlanta, GA, Central Pennsylvania, Cincinnati, OH, Columbus, OH, Dallas, TX, Indianapolis, IN, and Minneapolis/St. Paul, MN.
Real Property Impairment
During the three months ended September 30, 2014, we recorded a $9.5 million impairment related to one of our wholly-owned retail properties in the Pittsburgh, PA market. This property serves as collateral for a cross-collateralized senior mortgage note that is also secured by two other retail properties. During the three months ended September 30, 2014, we began to consider possible disposition opportunities for this retail property. Such disposition opportunities caused us to significantly reduce our estimated holding period for this property. As a result of our review and based on our estimate of future cash flow and fair value of the retail property, we recognized the impairment charge to adjust the carrying value to our estimate of fair value as of September 30, 2014.
Discontinued Operations
We present the results of operations and the respective aggregate net gains (losses), of (i) any property or group of properties that were disposed or classified as held for sale as of December 31, 2013 when the operations and cash flows have been (or will be) eliminated from our ongoing operations and we will not have any significant continuing involvement, and (ii) any property or group of properties, the disposal of which would represent a strategic shift that has (or will have) a major effect on our operations and financial results, when such property (or group of properties) have been disposed of or classified as held for sale, as discontinued operations in our accompanying statements of income. Interest expense is included in discontinued operations only if it is directly attributable to these operations or properties. Discontinued operations for the three and nine months ended September 30, 2014 include the results of operations and net gain on the disposition of 12 properties classified as held for sale as of December 31, 2013. Properties sold or classified as held for sale after December 31, 2013 are not classified as discontinued operations unless the sale or classification as held for sale meets the new accounting requirements. Discontinued operations for the three and nine months ended September 30, 2013 include (i) the results of operations of the 13 properties disposed of during the year ended 2013, (ii) the results of operations of the 12 properties classified as held for sale as of December 31, 2013 and subsequently disposed of, and (iii) the aggregate net gain on dispositions recorded during the three and nine months ended September 30, 2013. The following table summarizes amounts recorded as discontinued operations (amounts in thousands):



		For the Three Months Ended September 30,						For the Nine Months Ended September 30,
			2014			2013			2014			2013
Revenues		$	-		$	6,067		$	969		$	34,905
Rental expense			-			-1,518			-340			-12,954
Real estate depreciation and amortization expense			-			-2,974			-			-19,197
Interest expense			-			-1,718			-296			-11,379
Other income (expenses)			5			50			-7			-49
Income (loss) from discontinued operations			5			-93			326			-8,674
Gain on disposition			-			45,496			29,679			68,726
Discontinued operations			5			45,403			30,005			60,052
Discontinued operations attributable to noncontrolling interests			-			-3,200			-4,462			-4,168
Discontinued operations attributable to common stockholders		$	5		$	42,203		$	25,543		$	55,884

The following table summarizes capital expenditures and significant operating and investing noncash items related to our discontinued operations (amounts in thousands):



		For the Three Months Ended September 30,						For the Nine Months Ended September 30,
			2014			2013			2014			2013
Capital expenditures		$	-		$	2,111		$	-		$	7,517
Noncash items:
Straight-line rent adjustments			-			593			-41			3,113
Amortization of above-market lease assets			-			-40			-			-375
Amortization of below-market lease liabilities			-			126			-			946
Non-cash disposition of real property			-			32,342			80,361			225,408

The following table summarizes the carrying amounts of the major classes of assets and liabilities included in our discontinued operations and classified as held for sale as of December 31, 2013. We did not have any assets or related liabilities classified as held for sale as of September 30, 2014 (amounts in thousands):




		As of December 31, 2013
Land		$	21,060
Building and improvements			157,679
Intangible lease assets			14,877
Accumulated depreciation			-50,625
Other assets, net			3,185
Assets held for sale		$	146,176

Mortgage notes and other secured borrowings		$	80,428
Intangible lease liabilities, net			3,136
Other liabilities			3,104
Liabilities related to assets held for sale		$	86,668
Rental Revenue
The following table summarizes the adjustments to rental revenue related to the amortization of above-market lease assets, below-market lease liabilities, and straight-line rental adjustments for the three and nine months ended September 30, 2014 and 2013. In addition, the following table includes tenant recovery income received from tenants for real estate taxes, insurance and other property operating expenses and recognized as rental revenue (amounts in thousands):



		For the Three Months Ended September 30,						For the Nine Months Ended September 30,
		2014			2013			2014			2013
Straight-line rent adjustments		$	1,150		$	1,640		$	2,939		$	7,367
Above-market lease assets			-1,673			-1,762			-5,110			-5,547
Below-market lease liabilities			1,797			1,726			5,190			5,770
Total increase to rental revenue		$	1,274		$	1,604		$	3,019		$	7,590
Tenant recovery income(1)		$	7,866		$	7,902		$	23,749		$	25,244

(1)Tenant recovery income presented in this table excludes real estate taxes that were paid directly by our tenants that are subject to triple net lease contracts. The amount of such payments were approximately $3.1 million and $3.1 million during the three months ended September 30, 2014 and 2013, respectively, and $9.3 million and $9.6 million during the nine months ended September 30, 2014 and 2013, respectively.

Debt_Related_Investments

Debt Related Investments	9 Months Ended
Debt Related Investments	Sep. 30, 2014
Debt Related Investments [Abstract]	'
Debt Related Investments	'
	4. DEBT RELATED INVESTMENTS
	As of September 30, 2014 and December 31, 2013, we had invested in 11 and 14 debt related investments, respectively. The weighted average maturity of our debt related investments as of September 30, 2014 was 2.3 years, based on our recorded net investment. The following table describes our debt related income for the three and nine months ended September 30, 2014 and 2013 (dollar amounts in thousands):



		For the Three Months Ended				For the Nine Months Ended				Weighted Average Yield as of
		September 30,				September 30,				Weighted Average Yield as of
	Investment Type	2014		2013		2014		2013		September 30, 2014 (1)

	Mortgage notes(2)	$	1,058	$	1,834	$	3,469	$	6,561	5.40%
	B-notes		-		-		-		51	0.00%
	Mezzanine debt		740		475		2,102		1,047	16.70%
	Total	$	1,798	$	2,309	$	5,571	$	7,659	7.50%

	(1)Weighted average yield is calculated on an unlevered basis using the amount invested, current interest rates and accretion of premiums or discounts realized upon the initial investment for each investment type as of September 30, 2014. Yields for LIBOR-based, floating-rate investments have been calculated using the one-month LIBOR rate as of September 30, 2014 for purposes of this table. As of September 30, 2014, we had one debt related investment with a net investment amount of $25.0 million that bears interest at a floating rate indexed to LIBOR. All of our remaining debt related investments bear interest at fixed rates. We have assumed a yield of zero on the one debt related investment for which we have recognized a full allowance for loss as of September 30, 2014.
	(2)We had three debt related investments repaid in full during each of the nine months ended September 30, 2014 and 2013. During the three and nine months ended September 30, 2014 and 2013, amounts recorded include early repayment fees received and accelerated amortization of origination fees offset by accelerated amortization of deferred due diligence costs related to certain of these repayments.
	Repayments
	During the nine months ended September 30, 2014, we received full repayment of three debt related investments, all of which were structured as mortgage notes. We received cash proceeds from the repayments of approximately $22.6 million, which comprised principal repayment of $29.7 million, partially offset by the repayment of borrowings secured by the debt related investments of approximately $7.1 million.
	Impairment
	We review each of our debt related investments individually on a quarterly basis, and more frequently when such an evaluation is warranted, to determine if impairment exists. Accordingly, we do not group our debt related investments into classes by credit quality indicator. A debt related investment is impaired when, based on current information and events (including economic, industry and geographical factors), it is probable that we will be unable to collect all amounts due, both principal and interest, according to the contractual terms of the agreement. When an investment is deemed impaired, the impairment is measured based on the expected future cash flows discounted at the investment’s effective interest rate. As a practical expedient, we may measure impairment based on the fair value of the collateral of an impaired collateral-dependent debt related investment. Regardless of the measurement method, we measure impairment based on the fair value of the collateral when it is determined that foreclosure is probable. We had recorded a provision for loan loss of $3.0 million as of September 30, 2014 and December 31, 2013. We did not record any current period provision for loan loss, direct write-downs of the allowance, or recoveries of amounts previously charged off during the three and nine months ended September 30, 2014.
	We had one B-note debt related investment on non-accrual status as of both September 30, 2014 and December 31, 2013. We have recorded a complete allowance for loan loss related to such debt related investment on non-accrual status. When a debt related investment is on non-accrual status, we record income on the investment using the cash basis of accounting. The amount of income recorded on a cash basis of accounting was not significant during the three and nine months ended September 30, 2014 or 2013. All of our debt related investments that were past due 90 days or more were on non-accrual status as of September 30, 2014 and December 31, 2013.
	As of both September 30, 2014 and December 31, 2013, we had one impaired debt related investment with an unpaid principal balance of approximately $3.0 million. The following table describes our recorded investment in debt related investments before allowance for loan loss, and the related allowance for loan loss (amounts in thousands):





		Debt Related Investments Individually Evaluated for Impairment as of
		30-Sep-14		31-Dec-13

	Debt related investments	$	97,673	$	126,935
	Less: Allowance for loan losses		-3,000		-3,000
	Total	$	94,673	$	123,935
	Our impaired debt related investment is a subordinate debt related investment. As of both September 30, 2014 and December 31, 2013, we had a gross recorded investment in impaired debt related investments of $3.0 million, with a related allowance for loan loss of $3.0 million. As of September 30, 2014 and December 31, 2013, we did not have any impaired loans for which we have not recorded an allowance for loan loss.
	During the nine months ended September 30, 2013, we recorded interest income of approximately $51,000 from our impaired debt related investments, which had an average recorded investment amount of approximately $6.1 million over that period. We did not record any interest income related to our impaired debt related investments during the three and nine months ended September 30, 2014, or in the three months ended September 30, 2013.

Debt_Obligations

Debt Obligations	9 Months Ended
Debt Obligations	Sep. 30, 2014
Debt Obligations [Abstract]	'
Debt Obligations	'
	5. DEBT OBLIGATIONS
	The following table describes our borrowings as of September 30, 2014 and December 31, 2013 (dollar amounts in thousands):



		Weighted Average Stated Interest Rate as of				Outstanding Balance as of (1)						Gross Investment Amount Securing Borrowings as of (2)
		September 30,		31-Dec-13		September 30,			31-Dec-13			September 30,			31-Dec-13
		2014		31-Dec-13		2014			31-Dec-13			2014			31-Dec-13
	Fixed-rate mortgages	5.80%		5.80%		$	825,589		$	969,622		$	1,640,386		$	1,898,946
	Floating-rate mortgages (3)	3.20%		3.90%			8,340			8,580			15,916			15,571
	Total mortgage notes	5.80%		5.80%			833,929			978,202			1,656,302			1,914,517
	Repurchase facilities (4)	2.80%		2.80%			37,301			45,270			51,594			65,726
	Total other secured borrowings	2.80%		2.80%			37,301			45,270			51,594			65,726
	Total secured borrowings	5.60%		5.60%			871,230			1,023,472			1,707,896			1,980,243
	Line of credit (5)	1.80%		1.90%			47,500			30,000			N/A			N/A
	Term loan (6)	2.10%		2.20%			270,000			270,000			N/A			N/A
	Total unsecured borrowings	2.00%		2.20%			317,500			300,000			N/A			N/A
	Total borrowings	4.70%		4.90%		$	1,188,730		$	1,323,472		$	1,707,896		$	1,980,243

	(1)Amounts presented are net of (i) unamortized discounts to the face value of our outstanding fixed-rate mortgages of $2.2 million and $2.7 million as of September 30, 2014 and December 31, 2013, respectively, and (ii) GAAP principal amortization related to troubled debt restructurings of $2.1 million and $1.5 million as of September 30, 2014 and December 31, 2013, respectively.
	(2)“Gross Investment Amount” as used here and throughout this document represents the allocated gross basis of real property and debt related investments, after certain adjustments. Gross Investment Amount for real property (i) includes the effect of intangible lease liabilities, (ii) excludes accumulated depreciation and amortization, and (iii) includes the impact of impairments. Amounts reported for debt related investments represent our net accounting basis of the debt related investments, which includes (i) unpaid principal balances, (ii) unamortized discounts, premiums, and deferred charges, and (iii) allowances for loan loss.
	(3)As of September 30, 2014, our floating rate mortgage note was subject to an interest rate spread of 3.00% over one-month LIBOR. As of December 31, 2013, our floating-rate mortgage note was subject to an interest rate spread of 3.75% over one-month LIBOR.
	(4)As of September 30, 2014 and December 31, 2013, borrowings under our repurchase facility were subject to interest at a floating rate of 2.25% over one-month LIBOR. However, we had effectively fixed the interest rate of the borrowings using interest rate swaps at 2.84% for the term of the borrowings.
	(5)As of September 30, 2014 and December 31, 2013, borrowings under our line of credit were subject to interest at a floating rate of 1.60% and 1.75%, respectively, over one-month LIBOR.
	(6)As of September 30, 2014 and December 31, 2013, borrowings under our term loan were subject to interest at a floating rate of 1.55% and 1.70%, respectively, over one-month LIBOR. However, we had effectively fixed the interest rate for $200.0 million of the total of $270.0 million in borrowings using interest rate swaps at 2.19% and 2.34%, respectively, resulting in a weighted average interest rate on the total term loan of 2.06% and 2.21% as of September 30, 2014 and December 31, 2013, respectively.
	As of September 30, 2014, 10 mortgage notes were interest-only and 17 mortgage notes were fully amortizing with outstanding principal balances of approximately $287.4 million and $546.4 million, respectively. None of our mortgage notes are recourse to us.
	As of September 30, 2014, we had outstanding borrowings of $270.0 million under the term loan component and $47.5 million under the revolving credit facility component of our senior unsecured term loan and revolving line of credit (collectively, the “Facility”). As of September 30, 2014, the unused portion of the revolving credit facility component of the Facility was approximately $302.5 million, of which approximately $147.0 million was available. As of December 31, 2013, we had outstanding borrowings of $270.0 million and $30.0 million under the term loan and revolving credit facility components of the Facility, respectively, and $86.1 million was available for us to borrow under the revolving credit facility component of the Facility.
	As of September 30, 2014, we had defaulted on a mortgage note with an outstanding principal balance of $13.6 million collateralized by an industrial property with a net investment amount of $13.1 million, after accumulated depreciation and impairment charges. Our default resulted from us not making monthly debt service payments as required by the loan agreement. The lender has indicated to us that it intends to foreclose on the property that is collateral for the loan. With the exception of customary “carve-outs” (none of which we believe will have negative consequences under this loan), this loan is not recourse to us; therefore, our equity investment in this property is at risk of loss. This default does not cause us to breach our remaining debt covenants. Subsequent to September 30, 2014, the lender foreclosed on the property that is collateral for the loan.
	The following table reflects our contractual debt maturities as of September 30, 2014, specifically our obligations under secured borrowings and unsecured borrowings (dollar amounts in thousands):



			As of September 30, 2014

			Mortgage Notes and Other Secured Borrowings					Unsecured Borrowings					Total
	Year Ending December 31,		Number of Borrowings Maturing		Outstanding Balance			Number of Borrowings Maturing		Outstanding Balance (1)			Outstanding Balance (2)
	2014		-		$	3,915		-		$	-		$	3,915
	2015		5			135,125		-			-			135,125
	2016		13			343,307		1			47,500			390,807
	2017		6			209,721		-			-			209,721
	2018		-			4,999		1			270,000			274,999
	2019		-			5,292		-			-			5,292
	2020		1			157,944		-			-			157,944
	2021		-			1,707		-			-			1,707
	2022		1			1,663		-			-			1,663
	2023		-			978		-			-			978
	Thereafter		2			6,431		-			-			6,431
	Total		28		$	871,082		2		$	317,500		$	1,188,582

	(1)Unsecured borrowings presented include (i) borrowings under our revolving credit facility of $47.5 million, which mature in 2016, subject to two one-year extension options, and (ii) term loan borrowings of $270.0 million which mature in 2018.
	(2)Outstanding balance represents expected cash outflows for contractual amortization and scheduled balloon payment maturities and does not include (i) the increase due to mark-to-market adjustment on assumed debt of $2.2 million as of September 30, 2014, and (ii) the decrease due to the GAAP principal amortization of our restructured mortgage note of approximately $2.1 million that does not reduce the contractual amount due of the related mortgage note as of September 30, 2014.

Hedging_Activities

Hedging Activities	9 Months Ended
Hedging Activities	Sep. 30, 2014
Hedging Activities [Abstract]	'
Hedging Activities	'
	6. HEDGING ACTIVITIES
	Risk Management Objective of Using Derivatives
	We maintain risk management control systems to monitor interest rate risk attributable to both our outstanding and forecasted debt obligations. We generally seek to limit the impact of interest rate changes on earnings and cash flows by selectively utilizing derivative instruments to hedge exposures to changes in interest rates on loans secured by our assets. While this hedging strategy is designed to minimize the impact on our net income and cash provided by operating activities from changes in interest rates, the overall returns on our investments may be reduced. Our board of directors has established policies and procedures regarding our use of derivative instruments for hedging or other purposes to achieve these risk management objectives.
	Cash Flow Hedges of Interest Rate Risk
	Our objectives in using interest rate derivatives are to add stability to interest expense and to manage our exposure to interest rate movements. To accomplish this objective, we primarily use interest rate swaps and caps as part of our interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for us making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. Interest rate caps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty if interest rates rise above the strike rate on the contract in exchange for an up-front premium payment. Additionally, we have entered into and plan to enter into certain interest rate derivatives with the goal of mitigating our exposure to adverse fluctuations in the interest payments on our one-month LIBOR-indexed debt. Certain of our floating rate borrowings are not hedged and therefore, to an extent, we have ongoing exposure to interest rate movements.
	The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges under ASC Topic 815, Derivatives and Hedging (“ASC Topic 815”) is recorded in accumulated other comprehensive income (loss) and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. During the next 12 months, we estimate that approximately $1.8 million will be reclassified as an increase to interest expense related to effective forward started interest rate swaps where the hedging instrument has been terminated, and we estimate that approximately $893,000 will be reclassified as an increase to interest expense related to active effective hedges of floating-rate debt issuances. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. The table below presents a reconciliation of the beginning and ending balances, between December 31, 2013 and September 30, 2014, of our accumulated other comprehensive loss (“OCI”), net of amounts attributable to noncontrolling interests related to the effective portion of our cash flow hedges as presented on our financial statements, as well as amounts related to our available-for-sale securities (amounts in thousands):



				Gains and Losses on Cash Flow Hedges			Unrealized Gains on Available-For-Sale Securities			Accumulated Other Comprehensive Loss

	Beginning balance as of December 31, 2013:			$	-9,876		$	-918		$	-10,794
		Other comprehensive income:
		Amortization of OCI into interest expense (net of tax benefit of $0)			2,232			-			2,232
		Change in fair value recognized in OCI (net of tax benefit of $0)			-843			-211			-1,054
		Amounts reclassified from accumulated other comprehensive income:
		Amounts reclassified from accumulated other comprehensive income (net of tax benefit of $0)			-			-			-
		Net current-period other comprehensive income			1,389			-211			1,178
		Attribution of and other adjustments to OCI attributable to noncontrolling interests			30			71			101
	Ending balance as of September 30, 2014			$	-8,457		$	-1,058		$	-9,515

	Fair Values of Derivative Instruments
	The table below presents the gross fair value of our derivative financial instruments as well as their classification on our accompanying balance sheets as of September 30, 2014 and December 31, 2013 (amounts in thousands):



					Fair Value of Asset Derivatives as of									Fair Value of Liability Derivatives as of
			Balance Sheet		September 30,			December 31,				Balance Sheet		September 30,		December 31,
			Location		2014			2013				Location		2014		2013

	Derivatives designated as hedging instruments under ASC Topic 815
	Interest rate contracts		Other assets, net (1)		$	749		$	748			Other liabilities (1)		$	-	$	-43
	Total derivatives designated as hedging instruments under ASC Topic 815					749			748						-		-43
	Derivatives not designated as hedging instruments under ASC Topic 815
	Interest rate contracts		N/A			-			-			N/A			-		-
	Total derivatives not designated as hedging instruments under ASC Topic 815					-			-						-		-
	Total derivatives				$	749		$	748					$	-	$	-43

	(1)Although our derivative contracts are subject to master netting arrangements which serve as credit mitigants to both us and our counterparties under certain situations, we do not net our derivative fair values or any existing rights or obligations to cash collateral on the consolidated balance sheet.
	The majority of the inputs used to value our derivative instruments fall within Level 2 of the fair value hierarchy. However, the credit valuation adjustments associated with our derivative instruments utilize Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of potential default by us and our counterparties. As of September 30, 2014, we had assessed the significance of the impact of the credit valuation adjustments and had determined that it was not significant to the overall valuation of our derivative instruments. As a result, we have determined that the significant inputs for all of our derivative valuations are classified in Level 2 of the fair value hierarchy.
	Designated Hedges
	As of September 30, 2014, we had seven outstanding interest rate swaps that were designated as cash flow hedges of interest rate risk, with a total notional amount of $241.9 million. As of December 31, 2013, we had seven outstanding interest rate swaps that were designated as cash flow hedges of interest rate risk, with a total notional amount of $255.4 million.
	Undesignated Hedges
	Derivatives not designated as hedges are not speculative and are used to hedge our exposure to interest rate movements and other identified risks but do not meet hedge accounting requirements. As of both September 30, 2014 and December 31, 2013, we did not have any outstanding derivatives that were not designated as hedges. Changes in the fair value of derivatives not designated in hedging relationships did not result in any gain or loss during the three and nine months ended September 30, 2014 and 2013.

	Effect of Derivative Instruments on the Statements of Comprehensive Income
	The table below presents the effect of our derivative financial instruments on our accompanying financial statements for the three and nine months ended September 30, 2014 and 2013 (amounts in thousands):




			For the Three Months Ended September 30,						For the Nine Months Ended September 30,
			2014			2013			2014			2013

	Derivatives Designated as Hedging Instruments
	Derivative type			Interest rate contracts			Interest rate contracts			Interest rate contracts			Interest rate contracts
	Amount of gain or (loss) recognized in OCI (effective portion)		$	421		$	-804		$	-843		$	634
	Location of gain or (loss) reclassified from accumulated OCI into income (effective portion)			Interest expense			Interest expense			Interest expense			Interest expense
	Amount of loss reclassified from accumulated OCI into income (effective portion)		$	-739		$	-681		$	-2,232		$	-2,014
	Location of gain or (loss) recognized in income (ineffective portion and amount excluded from effectiveness testing)			Interest and other income (expense)			N/A			Interest and other income (expense)			Loss on extinguishment of debt and financing commitments
	Amount of income (loss) recognized in income due to missed forecast (ineffective portion and amount excluded from effectiveness testing)		$	9		$	-		$	-		$	-129
	Derivatives Not Designated as Hedging Instruments
	Derivative type			N/A			Interest rate contracts			N/A			Interest rate contracts
Location of loss recognized in income			N/A			N/A			N/A			N/A
Amount of loss recognized in income		$	-		$	-		$	-		$	-

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	9 Months Ended
Fair Value of Financial Instruments	Sep. 30, 2014
Fair Value of Financial Instruments [Abstract]	'
Fair Value of Financial Instruments	'
	7. FAIR VALUE OF FINANCIAL INSTRUMENTS
	We are required to disclose an estimate of fair value of our financial instruments for which it is practicable to estimate the value. The fair value of a financial instrument is the amount at which such financial instrument could be exchanged in a current transaction between willing parties, other than in a forced sale or liquidation. For certain of our financial instruments, fair values are not readily available since there are no active trading markets as characterized by current exchanges between willing parties. Accordingly, we derive our estimated fair value using various valuation techniques, such as computing the present value of estimated future cash flows using discount rates commensurate with the risks involved. However, the determination of estimated cash flows may be subjective and imprecise and changes in assumptions or estimation methodologies can have a material effect on these estimated fair values. In that regard, the fair value estimates may not be substantiated by comparison to independent markets, and in many cases, may not be realized in immediate settlement of the instrument.
	ASC Topic 820, Fair Value Measurement and Disclosures (“ASC Topic 820”), defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. ASC Topic 820 applies to reported balances that are required or permitted to be measured at fair value under existing accounting pronouncements; accordingly, the standard does not require any new fair value measurements of reported balances.
	ASC Topic 820 emphasizes that fair value is a market-based measurement, not an entity-specific measurement. Therefore, a fair value measurement should be determined based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, ASC Topic 820 establishes a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy).
	Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that we have the ability to access. Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs may include quoted prices for similar assets and liabilities in active markets, as well as inputs that are observable for the asset or liability (other than quoted prices), such as interest rates, foreign exchange rates, and yield curves that
	are observable at commonly quoted intervals. Level 3 inputs are unobservable inputs for the asset or liabilities, which are typically based on an entity’s own assumptions, as there is little, if any, related market activity. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability.
	The fair values estimated below are indicative of certain interest rate and other assumptions as of September 30, 2014 and December 31, 2013, and may not take into consideration the effects of subsequent interest rate or other assumption fluctuations, or changes in the values of underlying collateral. The fair values of cash and cash equivalents, restricted cash, accounts receivable, and accounts payable and accrued expenses approximate their carrying values because of the short-term nature of these instruments.
	The carrying amounts and estimated fair values of our other financial instruments as of September 30, 2014 and December 31, 2013 were as follows (amounts in thousands):




		As of September 30, 2014				As of December 31, 2013
			Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
	Assets:
	Investments in real estate securities	$	200	$	200	$	461	$	461
	Fixed-rate debt related investments, net		69,574		71,474		98,724		101,012
	Floating-rate debt related investments, net		25,099		25,222		25,211		24,504
	Derivative instruments		749		749		748		748
	Liabilities:
	Fixed-rate mortgage notes	$	825,589	$	862,618	$	969,622	$	1,010,085
	Floating-rate mortgage notes		8,340		8,387		8,580		8,582
	Floating-rate other secured borrowings		37,301		37,338		45,270		45,270
	Floating-rate unsecured borrowings		317,500		319,853		300,000		301,690
	Derivative liabilities		-		-		43		43
	The methodologies used and key assumptions made to estimate fair values of the other financial instruments described in the above table are as follows:
	Debt Related Investments—The fair value of our performing debt related investments are estimated using a discounted cash flow methodology. This method discounts estimated future cash flows using rates management determines best reflect current market interest rates that would be offered for loans with similar characteristics and credit quality. Credit spreads and market interest rates used to determine the fair value of these instruments are based on unobservable Level 3 inputs which management has determined to be its best estimate of current market values.
	Mortgage Notes and Other Secured Borrowings Carried at Amortized Cost—The fair value of our mortgage notes and other secured borrowings are estimated using a discounted cash flow analysis, based on our estimate of market interest rates. Credit spreads relating to the underlying instruments are based on unobservable Level 3 inputs, which we have determined to be our best estimate of current market spreads of similar instruments.

Related_Party_Transactions

Related Party Transactions	9 Months Ended
Related Party Transactions	Sep. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	8. RELATED PARTY TRANSACTIONS
	Our day-to-day activities are managed by our Advisor, a related party, under the terms and conditions of the Advisory Agreement. Our Advisor is considered to be a related party as certain indirect owners and employees of our Advisor serve as two of our directors and all of our executive officers. The responsibilities of our Advisor cover all facets of our business, and include the selection and underwriting of our real property and debt related investments, the negotiations for these investments, the asset management and financing of these investments and the oversight of real property dispositions.
	Dividend Capital Securities LLC, which we refer to as the “Dealer Manager,” is distributing the shares of our common stock in the Offering on a “best efforts” basis. The Dealer Manager is an entity related to the Advisor and is a member of the Financial Industry Regulatory Authority, Inc., or FINRA. The Dealer Manager coordinates our distribution effort and manages our relationships with participating broker-dealers and financial advisors and provides assistance in connection with compliance matters relating to marketing the Offering.
	The Company and the Dealer Manager previously entered into a certain Amended and Restated Dealer Manager Agreement dated February 8, 2013, as amended by Amendment No. 1 dated May 31, 2013 (“Amendment No. 1”), Amendment No. 2 dated June 26, 2013 and Amendment No. 3 dated March 20, 2014. Amendment No. 1 provided that the Company would pay to the Dealer Manager a primary dealer fee in the amount of up to 5.0% of the gross proceeds raised from the sale of Class I shares sold in the Company’s primary public offering, provided that (i) the sales were all made before July 31, 2013 (unless extended by the Company, through written notice to the Dealer Manager) (the “Primary Dealer Fee Deadline”) and (ii) the total gross proceeds raised with respect to which the primary dealer fee will apply would not exceed $300 million (the “Aggregate Primary Dealer Proceeds Cap”). The Dealer Manager would retain 0.5% of such gross proceeds and reallow the remainder of the primary dealer fee to the participating broker-dealers involved in selling such Class I shares based on the portion of the gross proceeds raised from their customers. The primary dealer fee would be considered underwriting compensation (as defined in accordance with, and subject to the underwriting compensation limits of, applicable FINRA rules).
	On May 27, 2014, we notified the Dealer Manager that, without limiting the Company’s ability to notify the Dealer Manager of further extensions, the Company was extending the Primary Dealer Fee Deadline for an additional term from May 27, 2014 through July 31, 2014, but only with respect to sales made by participating broker-dealers specifically approved by the Company as being eligible (“Primary Dealers”). In addition, the Company, the Dealer Manager and the Company’s external advisor, Dividend Capital Total Advisors LLC (the “Advisor”) entered into a new selected dealer agreement (the “Second Managed Offering Selected Dealer Agreement”) with Raymond James & Associates, Inc. (“Raymond James”) to provide for a new term pursuant to which Raymond James will use its best efforts to sell Class I shares in transactions entitling it to primary dealer fees. Pursuant to the Second Managed Offering Selected Dealer Agreement, the Company paid the Dealer Manager a primary dealer fee of 5.0% of the gross proceeds raised from the sale of Class I shares sold by Raymond James in the primary offering between May 27, 2014 and August 31, 2014 (the
	“Second Managed Offering Term”). The Dealer Manager retained 0.5% of such gross proceeds and reallowed the remainder of the primary dealer fee to Raymond James. The Dealer Manager will also reallow to Raymond James the dealer manager fee payable by the Company with respect to (a) Class I shares sold in the Company’s primary offering through Raymond James during the Second Managed Offering Term and (b) Class I shares sold through the Company’s distribution reinvestment plan that are purchased with distributions paid on such shares.
	During the nine months ended September 30, 2013, we incurred primary dealer fees earned pursuant to Amendment No. 1 of approximately $1.4 million, of which approximately $136,000 was retained by the Dealer Manager. During the nine months ended September 30, 2014, we incurred primary dealer fees earned pursuant to Amendment No. 1 of approximately $2.2 million, of which approximately $220,000 was retained by the Dealer Manager.
	As of both September 30, 2014 and December 31, 2013, we owed approximately $1.6 million to our Advisor and affiliates of our Advisor for such services and reimbursement of certain expenses. Pursuant to the Advisory Agreement, we accrue the advisory fee on a daily basis and pay our Advisor amounts due subsequent to each month-end.

	The following table summarizes fees and other amounts earned by our Advisor and its related parties in connection with services performed for us during the three and nine months ended September 30, 2014 and 2013 (amounts in thousands):




		For the Three Months Ended September 30,				For the Nine Months Ended September 30,
		2014		2013		2014		2013
	Advisory fees (1)	$	4,083	$	3,813	$	11,678	$	11,221
	Other reimbursements		2,027		1,536		6,240		4,229
	Advisory fees related to the disposition of real properties		-		1,291		1,973		2,459
	Development management fee		3		12		107		159
	Primary dealer fee		1,648		844		2,197		1,358
	Selling commissions, dealer manager, and distribution fees		62		5		239		5
	Total	$	7,823	$	7,501	$	22,434	$	19,431

	(1)Amounts reported for the three and nine months ended September 30, 2014 include approximately $217,000 and $433,000, respectively, that we were not obligated to pay in consideration of the issuance of approximately 123,000 shares of our Class I common stock to the Advisor. Such shares were issued on April 15, 2014 upon the settlement of restricted stock units issued to our Advisor on April 7, 2014, and will be recognized as Advisory fees expense over a one year period.

Net_Income_Loss_Per_Common_Sha

Net Income (Loss) Per Common Share	9 Months Ended
Net Income (Loss) Per Common Share	Sep. 30, 2014
Net Income (Loss) Per Common Share [Abstract]	'
Net Income (Loss) Per Common Share	'
	9. NET INCOME (LOSS) PER COMMON SHARE
	Reconciliations of the numerator and denominator used to calculate basic net income (loss) per common share to the numerator and denominator used to calculate diluted net income (loss) per common share for the three and nine months ended September 30, 2014 and 2013 are described in the following table (amounts in thousands, except per share information):



		For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	Numerator	2014		2013		2014		2013
	Loss from continuing operations	$	-7,519	$	-72	$	-1,713	$	-2,126
	Loss (income) from continuing operations attributable to noncontrolling interests		475		-57		57		81
	Loss from continuing operations attributable to common stockholders		-7,044		-129		-1,656		-2,045
	Dilutive noncontrolling interests share of loss from continuing operations		-500		-10		-128		-161
	Numerator for diluted earnings per share – adjusted loss from continuing operations		-7,544		-139		-1,784		-2,206
	Income from discontinued operations		5		45,403		30,005		60,052
	Income from discontinued operations attributable to noncontrolling interests		-		-3,200		-4,462		-4,168
	Income from discontinued operations attributable to common stockholders		5		42,203		25,543		55,884
	Dilutive noncontrolling interests share of discontinued operations		-		3,217		1,915		4,274
	Numerator for diluted earnings per share – adjusted income from discontinued operations	$	5	$	45,420	$	27,458	$	60,158
	Denominator
	Weighted average shares outstanding-basic		178,729		178,201		177,717		178,415
	Incremental weighted average shares effect of conversion of OP units		12,693		13,582		12,888		13,848
	Weighted average shares outstanding-diluted		191,422		191,783		190,605		192,263
	(LOSS) INCOME PER COMMON SHARE-BASIC AND DILUTED
	Net (loss) from continuing operations	$	-0.04	$	0.00	$	-0.01	$	-0.01
	Net income from discontinued operations		0.00		0.24		0.14		0.32
	Net (loss) income	$	-0.04	$	0.24	$	0.13	$	0.31

Segment_Information

Segment Information	9 Months Ended
Segment Information	Sep. 30, 2014
Segment Information [Abstract]	'
Segment Information	'
	10. SEGMENT INFORMATION
	We have four reportable operating segments, which include our three real property operating sectors (office, industrial, and retail) and debt related investments. We organize and analyze the operations and results of each of these segments independently, due to inherently different considerations for each segment. Such considerations include, but are not limited to, the nature and characteristics of the investment, and investment strategies and objectives. For example, the physical characteristics of our buildings, the related operating characteristics, the geographic markets, and the type of tenants are inherently different for each of our segments. The following table sets forth revenue and the components of net operating income (“NOI”) of our segments for the three and nine months ended September 30, 2014 and 2013 (amounts in thousands):





			For the Three Months Ended September 30,
			Revenues					NOI
			2014			2013		2014		2013
	Real property (1)
	Office		$	35,439		$	31,224	$	26,608	$	24,129
	Industrial			5,825			6,512		5,220		5,875
	Retail			15,529			14,377		12,161		11,264
	Debt related investments			1,798			2,309		1,798		2,309
	Total		$	58,591		$	54,422	$	45,787	$	43,577

			For the Nine Months Ended September 30,
			Revenues					NOI
			2014			2013		2014		2013
	Real property (1)
	Office		$	103,566		$	91,280	$	77,863	$	70,903
	Industrial			17,674			19,886		15,622		18,303
	Retail			45,693			42,782		35,501		33,052
	Debt related investments			5,571			7,659		5,571		7,659
	Total		$	172,504		$	161,607	$	134,557	$	129,917

	(1)Excludes results of operations of real properties categorized as discontinued operations.

	We consider NOI to be an appropriate supplemental financial performance measure because NOI reflects the specific operating performance of our real properties and debt related investments, and excludes certain items that are not considered to be controllable in connection with the management of each property, such as depreciation and amortization, general and administrative expenses, advisory fees, acquisition-related expenses, interest and other income, interest expense, loss on extinguishment of debt and financing commitments, gain on the sale of real property and noncontrolling interests. However, NOI should not be viewed as an alternative measure of our financial performance as a whole, since it excludes such items that could materially impact our results of operations. Further, our NOI may not be comparable to that of other real estate companies, as they may use different methodologies for calculating NOI. Therefore, we believe net income, as defined by GAAP, to be the most appropriate measure to evaluate our overall financial performance.

	The following table is a reconciliation of our NOI to our reported net income attributable to common stockholders for the three and nine months ended September 30, 2014 and 2013 (amounts in thousands):



			For the Three Months Ended September 30,					For the Nine Months Ended September 30,
			2014			2013		2014		2013

	Net operating income		$	45,787		$	43,577	$	134,557	$	129,917
	Real estate depreciation and amortization expense			-21,918			-21,311		-66,481		-63,901
	General and administrative expenses			-2,739			-2,212		-8,683		-7,087
	Advisory fees, related party			-4,083			-3,813		-11,678		-11,221
	Acquisition-related expenses			-214			-		-466		-
	Impairment of real estate property			-9,500			-		-9,500		-
	Interest and other income (expense)			424			-424		688		-287
	Interest expense			-15,276			-15,885		-46,549		-48,848
	Loss on extinguishment of debt and financing commitments			-			-4		-63		-699
	Gain on sale of real property			-			-		6,462		-
	Discontinued operations			5			45,403		30,005		60,052
	Net loss (income) attributable to noncontrolling interests			475			-3,257		-4,405		-4,087
	Net (loss) income attributable to common stockholders		$	-7,039		$	42,074	$	23,887	$	53,839
	The following table reflects our total assets by business segment as of September 30, 2014 and December 31, 2013 (amounts in thousands):



			As of
			30-Sep-14			31-Dec-13
	Segment assets:
	Net investments in real property
	Office		$	1,108,535		$	1,092,351
	Industrial			221,959			229,786
	Retail			607,137			602,505
	Debt related investments, net			94,673			123,935
Total segment assets, net			2,032,304			2,048,577

Non-segment assets:
Cash and cash equivalents			27,814			24,778
Other non-segment assets (1)			88,055			85,878
Assets held for sale			-			146,176
Total assets		$	2,148,173		$	2,305,409

(1)Other non-segment assets primarily consist of corporate assets including restricted cash and receivables, including straight-line rent receivable.

Subsequent_Events

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	11. SUBSEQUENT EVENTS
	We have evaluated subsequent events for the period from September 30, 2014, the date of these financial statements, through the date these financial statements are issued.
	Disposition of Real Property
	On October 15, 2014, we disposed of a wholly owned industrial property comprising approximately 177,000 net rentable square feet in three buildings located in the Silicon Valley, CA market. At the time of the disposition, the property had a net investment amount of approximately $13.1 million (after a $2.6 million impairment charge which we recorded during the fourth quarter of 2013). The property was transferred to the lender through a foreclosure sale which extinguished amounts due, including related principal of $13.6 million.
	On November 7, 2014, we disposed of an office property in the Denver, CO market comprising approximately 138,000 net rentable square feet to an unaffiliated third party. We sold the property, which had a net investment amount of approximately $4.7 million as of September 30, 2014, for a total sales price of $9.1 million.
	Acquisition of Real Property
	On November 4, 2014, we acquired a retail property in Narragansett, RI comprising approximately 185,000 net rentable square feet from an unaffiliated third party, for a gross purchase price of approximately $39.2 million. At acquisition, the property was approximately 96% leased to 18 tenants. We acquired the property using existing cash and proceeds from our revolving credit facility.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policy)	9 Months Ended
Summary of Significant Accounting Policies (Policy)	Sep. 30, 2014
Summary of Significant Accounting Policies [Abstract]	'
Interim Financial Statements	'
	Interim Financial Statements
	The accompanying interim condensed consolidated financial statements (herein referred to as “financial statements,” “balance sheets,” “statements of operations,” “statement of equity,” or “statements of comprehensive income and loss”) have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and with the Commission instructions to Form 10-Q and Rule 10-01 of Regulation S-X for interim financial statements. Accordingly, these financial statements do not include all the information and disclosure required by GAAP for complete financial statements. In the opinion of management, the accompanying financial statements include all adjustments and eliminations, consisting only of normal recurring items necessary for their fair presentation in conformity with GAAP. Interim results are not necessarily indicative of operating results for a full year. The unaudited information included in this Quarterly Report on Form 10-Q should be read in conjunction with our audited financial statements and notes thereto, included in our Annual Report on Form 10-K for the year ended December 31, 2013, filed with the Commission on March 10, 2014. There have been no significant changes to the Company's significant accounting policies during the nine months ended September 30, 2014 other than the updates described below.

Reclassifications	'
	Reclassifications
	Certain amounts included in the accompanying financial statements for 2013 have been reclassified to conform to the 2014 financial statements presentation. Statements of operations amounts for properties disposed of or classified as held for sale as of December 31, 2013, have been reclassified to discontinued operations for all periods presented. Amounts in our segment disclosures in Note 10 reflect the reclassification of amounts related to properties that have been disposed of or classified as held for sale as of December 31, 2013.

New Accounting Pronouncements	'
	New Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update 2014-09 (“ASU 2014-09”), which provides new guidance outlining a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers that supersedes most current revenue recognition guidance. This guidance requires an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Additionally, this guidance expands related disclosure requirements. The new guidance specifically excludes revenue associated with lease contracts. ASU 2014-09 is effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2016 and will require full or modified retrospective application. Early adoption is not permitted. We are currently evaluating the impact this guidance will have on our financial statements as well as the expected adoption method.
	In April 2014, the FASB issued Accounting Standards Update 2014-08 (“ASU 2014-08”), which provides a revised definition of a discontinued operation. ASU 2014-08 requires additional disclosures for a discontinued operation and the disposal of an asset and component of the entity that is not a discontinued operation. Under ASU 2014-08, a discontinued operation is a component (or group of components) of the entity, the disposal of which would represent a strategic shift that has (or will have) a major effect on the entity’s operations and financial results, when such component (or group of components) have been disposed of or classified as held for sale. The amendments in the ASU should be applied prospectively and are effective for us beginning January 1, 2015, with early adoption permitted. We adopted this standard effective January 1, 2014. During the nine months ended September 30, 2014, we disposed of four operating properties that we determined did not meet the definition of discontinued operations under the revised standard. As a result of our adoption of this ASU, we anticipate that fewer of our property dispositions made in the normal course of business will qualify for discontinued operations reporting. See Note 3 for additional information.

Investments_in_Real_Property_T

Investments in Real Property (Tables)	9 Months Ended
Investments in Real Property (Tables)	Sep. 30, 2014
Investments in Real Property [Abstract]	'
Schedule of Consolidated Investments in Real Property	'

	Real Property		Land			Building and Improvements			Intangible Lease Assets			Total Investment Amount			Intangible Lease Liabilities		Net Investment Amount

	As of September 30, 2014:
	Office	$	241,804		$	817,139		$	366,126		$	1,425,069		$	-21,535	$	1,403,534
	Industrial		30,619			203,025			51,999			285,643			-41,011		244,632
	Retail		228,846			429,333			81,167			739,346			-52,460		686,886
	Total gross book value		501,269			1,449,497			499,292			2,450,058			-115,006		2,335,052
	Accumulated depreciation/amortization		-			-190,003			-322,424			-512,427			36,461		-475,966
	Total net book value	$	501,269		$	1,259,494		$	176,868		$	1,937,631		$	-78,545	$	1,859,086
	As of December 31, 2013:
	Office	$	232,117		$	769,654		$	365,314		$	1,367,085		$	-15,861	$	1,351,224
	Industrial (1)		51,678			359,800			66,877			478,355			-46,626		431,729
	Retail		227,218			420,070			77,752			725,040			-51,059		673,981
	Total gross book value		511,013			1,549,524			509,943			2,570,480			-113,546		2,456,934
	Accumulated depreciation/amortization		-			-207,966			-294,881			-502,847			35,997		-466,850
	Total net book value	$	511,013		$	1,341,558		$	215,062		$	2,067,633		$	-77,549	$	1,990,084

		-1		Includes $21.1 million in land, $157.7 million in building and improvements, $14.9 million in intangible lease assets, and $5.6 million in intangible lease liabilities, before accumulated depreciation on assets of $50.6 million and accumulated amortization of intangible lease liabilities of $2.5 million, related to 12 industrial properties classified as held for sale in the accompanying balance sheet as of December 31, 2013.

Schedule of Acquisitions of Real Property	'

	Real Property	Market	Property Type	Number of Properties	Date of Acquisition			Acquisition Price	Net Rentable Square Feet	Percent Leased
	1st Avenue Plaza	Denver, CO	Office	1	8/22/14		$	75,000	262	94%
	Durgin Square	Boston, MA	Retail	1	5/28/14			24,700	138	94%
	Total 2014 real property acquisitions			2			$	99,700	400	94%


Schedule of Revenue and Net Operating Income of Properties Acquired During 2014	'


			For the Three Months Ended September 30, 2014						For the Nine Months Ended September 30, 2014
			Revenue			NOI (1)			Revenue			NOI (1)
	Real Property
	1st Avenue Plaza		$	912		$	611		$	912		$	611
	Durgin Square			693			529			950			731
	Total		$	1,605		$	1,140		$	1,862		$	1,342



		-1		For a discussion as to why we view NOI to be an appropriate supplemental performance measure and a reconciliation to GAAP net income, refer to Note 10.

Schedule of Disposed Properties	'

	Type of Property	Market	DPF Ownership	Building Square Feet	Disposition Date	Gain on Sale

	2014 Dispositions
	Industrial Portfolio	Various(1)	92.50%	3,387	22-Jan-14	$	29,545
	Retail	Boston, MA	100.00%	110	18-Feb-14		2,276
	Office	Little Rock, AR	100.00%	102	25-Feb-14		1,350
	Land Parcel	Denver, CO	100.00%	-	14-Apr-14		93
	Office	East Bay, CA	100.00%	60	13-Jun-14		2,755
				3,659		$	36,019

	(1)Industrial portfolio included 12 properties located in the following markets: Atlanta, GA, Central Pennsylvania, Cincinnati, OH, Columbus, OH, Dallas, TX, Indianapolis, IN, and Minneapolis/St. Paul, MN.
	Real Property Impairment

Schedule of Amounts Recorded as Discontinued Operations	'


			For the Three Months Ended September 30,						For the Nine Months Ended September 30,
				2014			2013			2014			2013
	Revenues		$	-		$	6,067		$	969		$	34,905
	Rental expense			-			-1,518			-340			-12,954
	Real estate depreciation and amortization expense			-			-2,974			-			-19,197
	Interest expense			-			-1,718			-296			-11,379
	Other income (expenses)			5			50			-7			-49
	Income (loss) from discontinued operations			5			-93			326			-8,674
	Gain on disposition			-			45,496			29,679			68,726
	Discontinued operations			5			45,403			30,005			60,052
	Discontinued operations attributable to noncontrolling interests			-			-3,200			-4,462			-4,168
	Discontinued operations attributable to common stockholders		$	5		$	42,203		$	25,543		$	55,884


Capital Expenditures and Signficant Operating and Investing Noncash Items Related to Discontinued Operations	'

			For the Three Months Ended September 30,						For the Nine Months Ended September 30,
				2014			2013			2014			2013
	Capital expenditures		$	-		$	2,111		$	-		$	7,517
	Noncash items:
	Straight-line rent adjustments			-			593			-41			3,113
	Amortization of above-market lease assets			-			-40			-			-375
	Amortization of below-market lease liabilities			-			126			-			946
	Non-cash disposition of real property			-			32,342			80,361			225,408


Carrying Amounts of Major Classes of Assets and Liabilities Included in Discontinued Operations and Classified as Held for Sale	'


			As of December 31, 2013
	Land		$	21,060
	Building and improvements			157,679
	Intangible lease assets			14,877
	Accumulated depreciation			-50,625
	Other assets, net			3,185
	Assets held for sale		$	146,176

	Mortgage notes and other secured borrowings		$	80,428
	Intangible lease liabilities, net			3,136
	Other liabilities			3,104
	Liabilities related to assets held for sale		$	86,668


Schedule of Adjustments to Rental Revenue Related to Amortization of Above-Market Lease Assets, Below-Market Lease Liabilities, and for Straight-Line Rental Adjustments	'

			For the Three Months Ended September 30,						For the Nine Months Ended September 30,
			2014			2013			2014			2013
	Straight-line rent adjustments		$	1,150		$	1,640		$	2,939		$	7,367
	Above-market lease assets			-1,673			-1,762			-5,110			-5,547
	Below-market lease liabilities			1,797			1,726			5,190			5,770
	Total increase to rental revenue		$	1,274		$	1,604		$	3,019		$	7,590
	Tenant recovery income(1)		$	7,866		$	7,902		$	23,749		$	25,244

	(1)Tenant recovery income presented in this table excludes real estate taxes that were paid directly by our tenants that are subject to triple net lease contracts. The amount of such payments were approximately $3.1 million and $3.1 million during the three months ended September 30, 2014 and 2013, respectively, and $9.3 million and $9.6 million during the nine months ended September 30, 2014 and 2013, respectively

Debt_Related_Investments_Table

Debt Related Investments (Tables)	9 Months Ended
Debt Related Investments (Tables)	Sep. 30, 2014
Debt Related Investments [Abstract]	'
Details of Debt Related Income	'


		For the Three Months Ended				For the Nine Months Ended				Weighted Average Yield as of
		September 30,				September 30,				Weighted Average Yield as of
	Investment Type	2014		2013		2014		2013		September 30, 2014 (1)

	Mortgage notes(2)	$	1,058	$	1,834	$	3,469	$	6,561	5.40%
	B-notes		-		-		-		51	0.00%
	Mezzanine debt		740		475		2,102		1,047	16.70%
	Total	$	1,798	$	2,309	$	5,571	$	7,659	7.50%

	(1)Weighted average yield is calculated on an unlevered basis using the amount invested, current interest rates and accretion of premiums or discounts realized upon the initial investment for each investment type as of September 30, 2014. Yields for LIBOR-based, floating-rate investments have been calculated using the one-month LIBOR rate as of September 30, 2014 for purposes of this table. As of September 30, 2014, we had one debt related investment with a net investment amount of $25.0 million that bears interest at a floating rate indexed to LIBOR. All of our remaining debt related investments bear interest at fixed rates. We have assumed a yield of zero on the one debt related investment for which we have recognized a full allowance for loss as of September 30, 2014.
	(2)We had three debt related investments repaid in full during each of the nine months ended September 30, 2014 and 2013. During the three and nine months ended September 30, 2014 and 2013, amounts recorded include early repayment fees received and accelerated amortization of origination fees offset by accelerated amortization of deferred due diligence costs related to certain of these repayments.

Recorded Investment in Debt Related Investments before Allowance for Loan Loss, and Related Allowance for Loan Loss	'


		Debt Related Investments Individually Evaluated for Impairment as of
		30-Sep-14		31-Dec-13

	Debt related investments	$	97,673	$	126,935
	Less: Allowance for loan losses		-3,000		-3,000
	Total	$	94,673	$	123,935

Debt_Obligations_Tables

Debt Obligations (Tables)	9 Months Ended
Debt Obligations (Tables)	Sep. 30, 2014
Debt Obligations [Abstract]	'
Schedule of Borrowings	'

		Weighted Average Stated Interest Rate as of				Outstanding Balance as of (1)						Gross Investment Amount Securing Borrowings as of (2)
		September 30,		31-Dec-13		September 30,			31-Dec-13			September 30,			31-Dec-13
		2014		31-Dec-13		2014			31-Dec-13			2014			31-Dec-13
	Fixed-rate mortgages	5.80%		5.80%		$	825,589		$	969,622		$	1,640,386		$	1,898,946
	Floating-rate mortgages (3)	3.20%		3.90%			8,340			8,580			15,916			15,571
	Total mortgage notes	5.80%		5.80%			833,929			978,202			1,656,302			1,914,517
	Repurchase facilities (4)	2.80%		2.80%			37,301			45,270			51,594			65,726
	Total other secured borrowings	2.80%		2.80%			37,301			45,270			51,594			65,726
	Total secured borrowings	5.60%		5.60%			871,230			1,023,472			1,707,896			1,980,243
	Line of credit (5)	1.80%		1.90%			47,500			30,000			N/A			N/A
	Term loan (6)	2.10%		2.20%			270,000			270,000			N/A			N/A
	Total unsecured borrowings	2.00%		2.20%			317,500			300,000			N/A			N/A
	Total borrowings	4.70%		4.90%		$	1,188,730		$	1,323,472		$	1,707,896		$	1,980,243

	(1)Amounts presented are net of (i) unamortized discounts to the face value of our outstanding fixed-rate mortgages of $2.2 million and $2.7 million as of September 30, 2014 and December 31, 2013, respectively, and (ii) GAAP principal amortization related to troubled debt restructurings of $2.1 million and $1.5 million as of September 30, 2014 and December 31, 2013, respectively.
	(2)“Gross Investment Amount” as used here and throughout this document represents the allocated gross basis of real property and debt related investments, after certain adjustments. Gross Investment Amount for real property (i) includes the effect of intangible lease liabilities, (ii) excludes accumulated depreciation and amortization, and (iii) includes the impact of impairments. Amounts reported for debt related investments represent our net accounting basis of the debt related investments, which includes (i) unpaid principal balances, (ii) unamortized discounts, premiums, and deferred charges, and (iii) allowances for loan loss.
	(3)As of September 30, 2014, our floating rate mortgage note was subject to an interest rate spread of 3.00% over one-month LIBOR. As of December 31, 2013, our floating-rate mortgage note was subject to an interest rate spread of 3.75% over one-month LIBOR.
	(4)As of September 30, 2014 and December 31, 2013, borrowings under our repurchase facility were subject to interest at a floating rate of 2.25% over one-month LIBOR. However, we had effectively fixed the interest rate of the borrowings using interest rate swaps at 2.84% for the term of the borrowings.
	(5)As of September 30, 2014 and December 31, 2013, borrowings under our line of credit were subject to interest at a floating rate of 1.60% and 1.75%, respectively, over one-month LIBOR.
	(6)As of September 30, 2014 and December 31, 2013, borrowings under our term loan were subject to interest at a floating rate of 1.55% and 1.70%, respectively, over one-month LIBOR. However, we had effectively fixed the interest rate for $200.0 million of the total of $270.0 million in borrowings using interest rate swaps at 2.19% and 2.34%, respectively, resulting in a weighted average interest rate on the total term loan of 2.06% and 2.21% as of September 30, 2014 and December 31, 2013, respectively.

Schedule of Borrowings Reflects Contractual Debt Maturities	'


			As of September 30, 2014

			Mortgage Notes and Other Secured Borrowings					Unsecured Borrowings					Total
	Year Ending December 31,		Number of Borrowings Maturing		Outstanding Balance			Number of Borrowings Maturing		Outstanding Balance (1)			Outstanding Balance (2)
	2014		-		$	3,915		-		$	-		$	3,915
	2015		5			135,125		-			-			135,125
	2016		13			343,307		1			47,500			390,807
	2017		6			209,721		-			-			209,721
	2018		-			4,999		1			270,000			274,999
	2019		-			5,292		-			-			5,292
	2020		1			157,944		-			-			157,944
	2021		-			1,707		-			-			1,707
	2022		1			1,663		-			-			1,663
	2023		-			978		-			-			978
	Thereafter		2			6,431		-			-			6,431
	Total		28		$	871,082		2		$	317,500		$	1,188,582

	(1)Unsecured borrowings presented include (i) borrowings under our revolving credit facility of $47.5 million, which mature in 2016, subject to two one-year extension options, and (ii) term loan borrowings of $270.0 million which mature in 2018.
	(2)Outstanding balance represents expected cash outflows for contractual amortization and scheduled balloon payment maturities and does not include (i) the increase due to mark-to-market adjustment on assumed debt of $2.2 million as of September 30, 2014, and (ii) the decrease due to the GAAP principal amortization of our restructured mortgage note of approximately $2.1 million that does not reduce the contractual amount due of the related mortgage note as of September 30, 2014.

Hedging_Activities_Tables

Hedging Activities (Tables)	9 Months Ended
Hedging Activities (Tables)	Sep. 30, 2014
Hedging Activities [Abstract]	'
Reconciliation of Accumulated Other Comprehensive Loss	'


				Gains and Losses on Cash Flow Hedges			Unrealized Gains on Available-For-Sale Securities			Accumulated Other Comprehensive Loss

	Beginning balance as of December 31, 2013:			$	-9,876		$	-918		$	-10,794
		Other comprehensive income:
		Amortization of OCI into interest expense (net of tax benefit of $0)			2,232			-			2,232
		Change in fair value recognized in OCI (net of tax benefit of $0)			-843			-211			-1,054
		Amounts reclassified from accumulated other comprehensive income:
		Amounts reclassified from accumulated other comprehensive income (net of tax benefit of $0)			-			-			-
		Net current-period other comprehensive income			1,389			-211			1,178
		Attribution of and other adjustments to OCI attributable to noncontrolling interests			30			71			101
	Ending balance as of September 30, 2014			$	-8,457		$	-1,058		$	-9,515


Gross Fair Value of Derivative Financial Instruments as Well as Their Classification	'


					Fair Value of Asset Derivatives as of									Fair Value of Liability Derivatives as of
			Balance Sheet		September 30,			December 31,				Balance Sheet		September 30,		December 31,
			Location		2014			2013				Location		2014		2013

	Derivatives designated as hedging instruments under ASC Topic 815
	Interest rate contracts		Other assets, net (1)		$	749		$	748			Other liabilities (1)		$	-	$	-43
	Total derivatives designated as hedging instruments under ASC Topic 815					749			748						-		-43
	Derivatives not designated as hedging instruments under ASC Topic 815
	Interest rate contracts		N/A			-			-			N/A			-		-
	Total derivatives not designated as hedging instruments under ASC Topic 815					-			-						-		-
	Total derivatives				$	749		$	748					$	-	$	-43

	(1)Although our derivative contracts are subject to master netting arrangements which serve as credit mitigants to both us and our counterparties under certain situations, we do not net our derivative fair values or any existing rights or obligations to cash collateral on the consolidated balance sheet.

Effect of Derivative Financial Instruments on Financial Statements	'


			For the Three Months Ended September 30,						For the Nine Months Ended September 30,
			2014			2013			2014			2013

	Derivatives Designated as Hedging Instruments
	Derivative type			Interest rate contracts			Interest rate contracts			Interest rate contracts			Interest rate contracts
	Amount of gain or (loss) recognized in OCI (effective portion)		$	421		$	-804		$	-843		$	634
	Location of gain or (loss) reclassified from accumulated OCI into income (effective portion)			Interest expense			Interest expense			Interest expense			Interest expense
	Amount of loss reclassified from accumulated OCI into income (effective portion)		$	-739		$	-681		$	-2,232		$	-2,014
	Location of gain or (loss) recognized in income (ineffective portion and amount excluded from effectiveness testing)			Interest and other income (expense)			N/A			Interest and other income (expense)			Loss on extinguishment of debt and financing commitments
	Amount of income (loss) recognized in income due to missed forecast (ineffective portion and amount excluded from effectiveness testing)		$	9		$	-		$	-		$	-129
	Derivatives Not Designated as Hedging Instruments
	Derivative type			N/A			Interest rate contracts			N/A			Interest rate contracts
	Location of loss recognized in income			N/A			N/A			N/A			N/A
	Amount of loss recognized in income		$	-		$	-		$	-		$	-

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	9 Months Ended
Fair Value of Financial Instruments (Tables)	Sep. 30, 2014
Fair Value of Financial Instruments [Abstract]	'
Schedule of Carrying Amount and Fair Values of Other Financial Instruments	'


		As of September 30, 2014				As of December 31, 2013
			Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
	Assets:
	Investments in real estate securities	$	200	$	200	$	461	$	461
	Fixed-rate debt related investments, net		69,574		71,474		98,724		101,012
	Floating-rate debt related investments, net		25,099		25,222		25,211		24,504
	Derivative instruments		749		749		748		748
	Liabilities:
	Fixed-rate mortgage notes	$	825,589	$	862,618	$	969,622	$	1,010,085
	Floating-rate mortgage notes		8,340		8,387		8,580		8,582
	Floating-rate other secured borrowings		37,301		37,338		45,270		45,270
	Floating-rate unsecured borrowings		317,500		319,853		300,000		301,690
	Derivative liabilities		-		-		43		43

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	9 Months Ended
Related Party Transactions (Tables)	Sep. 30, 2014
Related Party Transactions [Abstract]	'
Schedule of Fees and Other Amounts Earned by Advisor	'


		For the Three Months Ended September 30,				For the Nine Months Ended September 30,
		2014		2013		2014		2013
	Advisory fees (1)	$	4,083	$	3,813	$	11,678	$	11,221
	Other reimbursements		2,027		1,536		6,240		4,229
	Advisory fees related to the disposition of real properties		-		1,291		1,973		2,459
	Development management fee		3		12		107		159
	Primary dealer fee		1,648		844		2,197		1,358
	Selling commissions, dealer manager, and distribution fees		62		5		239		5
	Total	$	7,823	$	7,501	$	22,434	$	19,431

	(1)Amounts reported for the three and nine months ended September 30, 2014 include approximately $217,000 and $433,000, respectively, that we were not obligated to pay in consideration of the issuance of approximately 123,000 shares of our Class I common stock to the Advisor. Such shares were issued on April 15, 2014 upon the settlement of restricted stock units issued to our Advisor on April 7, 2014, and will be recognized as Advisory fees expense over a one year period

Net_Income_Loss_Per_Common_Sha1

Net Income (Loss) Per Common Share (Tables)	9 Months Ended
Net Income (Loss) Per Common Share (Tables)	Sep. 30, 2014
Net Income (Loss) Per Common Share [Abstract]	'
Details of Numerator and Denominator Used to Calculate Diluted Net Loss Per Common Share	'

		For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	Numerator	2014		2013		2014		2013
	Loss from continuing operations	$	-7,519	$	-72	$	-1,713	$	-2,126
	Loss (income) from continuing operations attributable to noncontrolling interests		475		-57		57		81
	Loss from continuing operations attributable to common stockholders		-7,044		-129		-1,656		-2,045
	Dilutive noncontrolling interests share of loss from continuing operations		-500		-10		-128		-161
	Numerator for diluted earnings per share – adjusted loss from continuing operations		-7,544		-139		-1,784		-2,206
	Income from discontinued operations		5		45,403		30,005		60,052
	Income from discontinued operations attributable to noncontrolling interests		-		-3,200		-4,462		-4,168
	Income from discontinued operations attributable to common stockholders		5		42,203		25,543		55,884
	Dilutive noncontrolling interests share of discontinued operations		-		3,217		1,915		4,274
	Numerator for diluted earnings per share – adjusted income from discontinued operations	$	5	$	45,420	$	27,458	$	60,158
	Denominator
	Weighted average shares outstanding-basic		178,729		178,201		177,717		178,415
	Incremental weighted average shares effect of conversion of OP units		12,693		13,582		12,888		13,848
	Weighted average shares outstanding-diluted		191,422		191,783		190,605		192,263
	(LOSS) INCOME PER COMMON SHARE-BASIC AND DILUTED
	Net (loss) from continuing operations	$	-0.04	$	0.00	$	-0.01	$	-0.01
	Net income from discontinued operations		0.00		0.24		0.14		0.32
	Net (loss) income	$	-0.04	$	0.24	$	0.13	$	0.31

Segment_Information_Tables

Segment Information (Tables)	9 Months Ended
Segment Information (Tables)	Sep. 30, 2014
Segment Information [Abstract]	'
Revenue and Components of Net Operating Income	'



		For the Three Months Ended September 30,
		Revenues				NOI
		2014		2013		2014		2013
	Real property (1)
	Office	$	35,439	$	31,224	$	26,608	$	24,129
	Industrial		5,825		6,512		5,220		5,875
	Retail		15,529		14,377		12,161		11,264
	Debt related investments		1,798		2,309		1,798		2,309
	Total	$	58,591	$	54,422	$	45,787	$	43,577

		For the Nine Months Ended September 30,
		Revenues				NOI
		2014		2013		2014		2013
	Real property (1)
	Office	$	103,566	$	91,280	$	77,863	$	70,903
	Industrial		17,674		19,886		15,622		18,303
	Retail		45,693		42,782		35,501		33,052
	Debt related investments		5,571		7,659		5,571		7,659
	Total	$	172,504	$	161,607	$	134,557	$	129,917

	(1)Excludes results of operations of real properties categorized as discontinued operations.


Reconciliation of Net Operating Income to Reported Net Income (Loss)	'


		For the Three Months Ended September 30,				For the Nine Months Ended September 30,
		2014		2013		2014		2013

	Net operating income	$	45,787	$	43,577	$	134,557	$	129,917
	Real estate depreciation and amortization expense		-21,918		-21,311		-66,481		-63,901
	General and administrative expenses		-2,739		-2,212		-8,683		-7,087
	Advisory fees, related party		-4,083		-3,813		-11,678		-11,221
	Acquisition-related expenses		-214		-		-466		-
	Impairment of real estate property		-9,500		-		-9,500		-
	Interest and other income (expense)		424		-424		688		-287
	Interest expense		-15,276		-15,885		-46,549		-48,848
	Loss on extinguishment of debt and financing commitments		-		-4		-63		-699
	Gain on sale of real property		-		-		6,462		-
	Discontinued operations		5		45,403		30,005		60,052
	Net loss (income) attributable to noncontrolling interests		475		-3,257		-4,405		-4,087
	Net (loss) income attributable to common stockholders	$	-7,039	$	42,074	$	23,887	$	53,839


Summary of Total Assets by Business Segment	'


		As of
		30-Sep-14		31-Dec-13
	Segment assets:
	Net investments in real property
	Office	$	1,108,535	$	1,092,351
	Industrial		221,959		229,786
	Retail		607,137		602,505
	Debt related investments, net		94,673		123,935
	Total segment assets, net		2,032,304		2,048,577

	Non-segment assets:
	Cash and cash equivalents		27,814		24,778
	Other non-segment assets (1)		88,055		85,878
	Assets held for sale		-		146,176
	Total assets	$	2,148,173	$	2,305,409

	(1)Other non-segment assets primarily consist of corporate assets including restricted cash and receivables, including straight-line rent receivable.

Organization_Details

Organization (Details) (USD $)	9 Months Ended						9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Jul. 12, 2012
	Sep. 30, 2014	Sep. 30, 2013	Operating Partnership Units	Operating Partnership Units	Class E OP Units [Member]	Class E OP Units [Member]	NAV Offering [Member]	NAV Offering [Member]
Organization [Line Items]	'	'	'	'	'	'	'	'
Percentage of proceeds received from public offerings of common stock contributed to our Operating Partnership	100.00%	'	'	'	'	'	'	'
Limited partnership interest owned in Operating Partnership	'	'	93.60%	93.00%	'	'	'	'
Operating Partnership units issued	'	'	'	'	12,200,000	13,300,000	'	'
Operating Partnership units outstanding	'	'	'	'	12,200,000	13,300,000	'	'
Maximum NAV share value total	'	'	'	'	'	'	$2,899,200,000	$3,000,000,000
Maximum NAV share value primary offering	'	'	'	'	'	'	'	2,250,000,000
Maximum share value, DRIP	'	'	'	'	'	'	749,300,000	750,000,000
Gross proceeds from sale of shares in the Offering	'	'	'	'	'	'	100,800,000	'
Shares issued	'	'	'	'	'	'	14,500,000	'
Proceeds from issuance, DRIP	$15,578,000	$16,184,000	'	'	'	'	$670,000	'

Investments_in_Real_Property_N

Investments in Real Property (Narrative) (Details) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

28-May-14

Sep. 30, 2014

Aug. 22, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Retail Property, New England Market

Retail Property; Pittsburgh, PA Market [Member]

Office Property; Denver, CO Market [Member]

Discontinued Operations

Industrial

sqft

property

Real Estate Properties [Line Items]

Real estate property acquired, percentage

100.00%

Number of properties sold

Number of industrial properties classified as held for sale

Square feet of office property acquired

138,000

262,000

Estimated fair value of assets and liabilities

$24,700,000

$75,000,000

Business Acquisition, Purchase Price Allocation, Land

7,200,000

15,700,000

Business Acquisition, Purchase Price Allocation, Buildings

16,000,000

55,700,000

Business Acquisition, Purchase Price Allocation, Intangible Assets Other than Goodwill

5,100,000

9,600,000

Intangible lease liabilities, net

78,545,000

74,413,000

3,600,000

6,000,000

Acquired intangible asset, weighted average useful life

'5 years 4 months 24 days

'4 years 1 month 6 days

Acquired intangible Liability, weighted average useful life

'17 years 3 months 18 days

'4 years 6 months

Impairment charges

$9,500,000

Investments_In_Real_Property_C

Investments In Real Property (Consolidated Investments in Real Property) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Real Estate Properties [Line Items]	'	'
Investment in real property, Gross book value	$2,450,058,000	$2,570,480,000
Intangible lease liabilities, Gross book value	-115,006,000	-113,546,000
Real estate investments, Gross book value	2,335,052,000	2,456,934,000
Accumulated depreciation and amortization	-512,427,000	-502,847,000
Intangible lease liabilities, accumulated amortization	36,461,000	35,997,000
Accumulated depreciation/amortization	-475,966,000	-466,850,000
Investment in real property	1,937,631,000	2,067,633,000
Intangible lease liabilities, Net book value	-78,545,000	-77,549,000
Real estate investments, Net book value	1,859,086,000	1,990,084,000
Land available-for-sale	'	21,060,000
Building and improvements held-for-sale	'	157,679,000
Intangible lease assets held-for-sale	'	14,877,000
Intangible lease liabilities held-for-sale	'	3,136,000
Accumulated depreciation on assets	'	50,625,000
Land	'	'
Real Estate Properties [Line Items]	'	'
Land	501,269,000	511,013,000
Building and Building Improvements	'	'
Real Estate Properties [Line Items]	'	'
Building and Improvements	1,449,497,000	1,549,524,000
Accumulated depreciation and amortization	-190,003,000	-207,966,000
Real estate investments, Net book value	1,259,494,000	1,341,558,000
Intangible Lease Assets	'	'
Real Estate Properties [Line Items]	'	'
Intangible Lease Assets	499,292,000	509,943,000
Accumulated depreciation and amortization	-322,424,000	-294,881,000
Intangible lease liabilities, Net book value	176,868,000	215,062,000
Office	'	'
Real Estate Properties [Line Items]	'	'
Investment in real property, Gross book value	1,425,069,000	1,367,085,000
Intangible lease liabilities, Gross book value	-21,535,000	-15,861,000
Real estate investments, Net book value	1,403,534,000	1,351,224,000
Office \| Land	'	'
Real Estate Properties [Line Items]	'	'
Land	241,804,000	232,117,000
Office \| Building and Building Improvements	'	'
Real Estate Properties [Line Items]	'	'
Building and Improvements	817,139,000	769,654,000
Office \| Intangible Lease Assets	'	'
Real Estate Properties [Line Items]	'	'
Intangible Lease Assets	366,126,000	365,314,000
Industrial	'	'
Real Estate Properties [Line Items]	'	'
Investment in real property, Gross book value	285,643,000	478,355,000	[1]
Intangible lease liabilities, Gross book value	-41,011,000	-46,626,000	[1]
Real estate investments, Net book value	244,632,000	431,729,000	[1]
Land available-for-sale	'	21,100,000
Building and improvements held-for-sale	'	157,700,000
Intangible lease assets held-for-sale	'	14,900,000
Intangible lease liabilities held-for-sale	'	5,600,000
Accumulated depreciation on assets	'	50,600,000
Accumulated amortization of intangible lease liabilities	'	2,500,000
Number of industrial properties classified as held for sale	'	12
Industrial \| Land	'	'
Real Estate Properties [Line Items]	'	'
Land	30,619,000	51,678,000	[1]
Industrial \| Building and Building Improvements	'	'
Real Estate Properties [Line Items]	'	'
Building and Improvements	203,025,000	359,800,000	[1]
Industrial \| Intangible Lease Assets	'	'
Real Estate Properties [Line Items]	'	'
Intangible Lease Assets	51,999,000	66,877,000	[1]
Retail	'	'
Real Estate Properties [Line Items]	'	'
Investment in real property, Gross book value	739,346,000	725,040,000
Intangible lease liabilities, Gross book value	-52,460,000	-51,059,000
Real estate investments, Net book value	686,886,000	673,981,000
Retail \| Land	'	'
Real Estate Properties [Line Items]	'	'
Land	228,846,000	227,218,000
Retail \| Building and Building Improvements	'	'
Real Estate Properties [Line Items]	'	'
Building and Improvements	429,333,000	420,070,000
Retail \| Intangible Lease Assets	'	'
Real Estate Properties [Line Items]	'	'
Intangible Lease Assets	$81,167,000	$77,752,000

[1]	Includes $21.1 million in land, $157.7 million in building and improvements, $14.9 million in intangible lease assets, and $5.6 million in intangible lease liabilities, before accumulated depreciation on assets of $50.6 million and accumulated amortization of intangible lease liabilities of $2.5 million, related to 12 industrial properties classified as held for sale in the accompanying balance sheet as of December 31, 2013.

Investments_in_Real_Property_S

Investments in Real Property (Summary of Acquisitions of Real Property) (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014
	property
	sqft
Significant Acquisitions and Disposals [Line Items]	'
Net Rentable Square Feet	3,659,000
Real property	'
Significant Acquisitions and Disposals [Line Items]	'
Number of Properties	2
Acquisition Price	$99,700
Net Rentable Square Feet	400,000
Percent Leased	94.00%
Real property \| Office Property; Denver, CO Market [Member]	'
Significant Acquisitions and Disposals [Line Items]	'
Number of Properties	1
Date of Acquisition	22-Aug-14
Acquisition Price	75,000
Net Rentable Square Feet	262,000
Percent Leased	94.00%
Real property \| Retail Property; Boston, MA Market [Member]	'
Significant Acquisitions and Disposals [Line Items]	'
Number of Properties	1
Date of Acquisition	28-May-14
Acquisition Price	$24,700
Net Rentable Square Feet	138,000
Percent Leased	94.00%

Investments_in_Real_Property_S1

Investments in Real Property (Summary of Revenue and Net Operating Income of Properties Acquired During 2014) (Details) (USD $)	3 Months Ended			9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013	Sep. 30, 2014		Sep. 30, 2013
Significant Acquisitions and Disposals [Line Items]	'		'	'		'
Revenue	$58,591		$54,422	$172,504		$161,607
Net Operating Income	45,787		43,577	134,557		129,917
Office Property; Denver, CO Market [Member]	'		'	'		'
Significant Acquisitions and Disposals [Line Items]	'		'	'		'
Revenue	912		'	912		'
Net Operating Income	611	[1]	'	611	[1]	'
Retail Property; Boston, MA Market [Member]	'		'	'		'
Significant Acquisitions and Disposals [Line Items]	'		'	'		'
Revenue	693		'	950		'
Net Operating Income	529	[1]	'	731	[1]	'
Properties Acquired During 2014 [Member]	'		'	'		'
Significant Acquisitions and Disposals [Line Items]	'		'	'		'
Revenue	1,605		'	1,862		'
Net Operating Income	$1,140	[1]	'	$1,342	[1]	'

[1]	For a discussion as to why we view NOI to be an appropriate supplemental performance measure and a reconciliation to GAAP net income, refer to Note 10.

Investments_in_Real_Property_S2

Investments in Real Property (Summary of Disposed Properties) (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014
	sqft
	property
Significant Acquisitions and Disposals [Line Items]	'
Square feet	3,659,000
Gain on Sale	$36,019
Industrial Portfolio Properties; Various Markets [Member]	'
Significant Acquisitions and Disposals [Line Items]	'
DPF Ownership	92.50%	[1]
Square feet	3,387,000	[1]
Disposition Date	22-Jan-14	[1]
Gain on Sale	29,545	[1]
Number of Properties	12
Retail Property, Boston, MA Market [Member]	'
Significant Acquisitions and Disposals [Line Items]	'
DPF Ownership	100.00%
Square feet	110,000
Disposition Date	18-Feb-14
Gain on Sale	2,276
Office Property, Little Rock, AR Market [Member]	'
Significant Acquisitions and Disposals [Line Items]	'
DPF Ownership	100.00%
Square feet	102,000
Disposition Date	25-Feb-14
Gain on Sale	1,350
Land Parcel Property, Denver, CO Market [Member]	'
Significant Acquisitions and Disposals [Line Items]	'
DPF Ownership	100.00%
Disposition Date	14-Apr-14
Gain on Sale	93
Office Property, East Bay, CA Market [Member]	'
Significant Acquisitions and Disposals [Line Items]	'
DPF Ownership	100.00%
Square feet	60,000
Disposition Date	13-Jun-14
Gain on Sale	$2,755

[1]	Industrial portfolio included 12 properties located in the following markets: Atlanta, GA, Central Pennsylvania, Cincinnati, OH, Columbus, OH, Dallas, TX, Indianapolis, IN, and Minneapolis/St. Paul, MN.

Investments_in_Real_Property_S3

Investments in Real Property (Summary of Income and Expenses Attributable to Discontinued Operations) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Investments in Real Property [Abstract]	'	'	'	'
Revenues	'	$6,067	$969	$34,905
Rental expense	'	-1,518	-340	-12,954
Real estate depreciation and amortization expense	'	-2,974	'	-19,197
Interest expense	'	-1,718	-296	-11,379
Other income (expenses)	5	50	-7	-49
Income (loss) from discontinued operations	5	-93	326	-8,674
Gain on disposition	'	45,496	29,679	68,726
Discontinued operations, net of taxes	5	45,403	30,005	60,052
Discontinued operations attributable to noncontrolling interests	'	-3,200	-4,462	-4,168
Income from discontinued operations attributable to common stockholders	$5	$42,203	$25,543	$55,884

Investments_in_Real_Property_S4

Investments in Real Property (Summary of Capital Expenditures, Significant Operating and Investing Noncash Items Related to Discontinued Operations) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014		Sep. 30, 2013
Real Estate Properties [Line Items]	'	'	'		'
Capital expenditures	'	'	$10,176		$16,880
Straight-line rent adjustments	1,150	1,640	2,939		7,367
Amortization of above-market lease assets	-1,673	-1,762	-5,110		-5,547
Amortization of below-market lease liabilities	1,797	1,726	5,190		5,770
Non-cash disposition of real property	'	'	94,011	[1]	225,409	[1]
Discontinued Operations	'	'	'		'
Real Estate Properties [Line Items]	'	'	'		'
Capital expenditures	'	2,111	'		7,517
Straight-line rent adjustments	'	593	-41		3,113
Amortization of above-market lease assets	'	-40	'		-375
Amortization of below-market lease liabilities	'	126	'		946
Non-cash disposition of real property	'	$32,342	$80,361		$225,408

[1]	Represents the amount of sales proceeds and debt repayments from the disposition of real property or the repayment of borrowings that we did not receive or pay in cash, primarily due to the repayment or assumption of related borrowings by the purchaser or borrower at closing.

Investments_in_Real_Property_S5

Investments in Real Property (Summary of Carrying Amounts of Major Classes of Assets and Liabilities) (Details) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2013
Disclosure Summary Of Consolidated Investments In Real Property [Abstract]	'
Land	$21,060
Building and improvements	157,679
Intangible lease assets	14,877
Accumulated depreciation	-50,625
Other assets, net	3,185
Assets held for sale	146,176	[1]
Mortgage notes and other secured borrowings	80,428
Intangible lease liabilities, net	3,136
Other liabilities	3,104
Liabilities related to assets held for sale	$86,668	[2]

[1]	Includes approximately $0 and $143.0 million, after accumulated depreciation and amortization, in consolidated real property variable interest entity investments as of September 30, 2014 and DecemberB 31, 2013, respectively.
[2]	Includes approximately $0 and $80.4 million in consolidated mortgage notes in variable interest entity investments as of September 30, 2014 and DecemberB 31, 2013, respectively.

Investments_in_Real_Property_S6

Investments in Real Property (Summary of Adjustments to Rental Revenue Related to Amortization of Above-Market Lease Assets, Below-Market Lease Liabilities, and for Straight-Line Rental Adjustments) (Details) (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Investments in Real Property [Abstract]	'		'		'		'
Straight-line rent adjustments	$1,150,000		$1,640,000		$2,939,000		$7,367,000
Amortization of above-market lease assets	-1,673,000		-1,762,000		-5,110,000		-5,547,000
Amortization of below-market lease liabilities	1,797,000		1,726,000		5,190,000		5,770,000
Total increase to rental revenue	1,274,000		1,604,000		3,019,000		7,590,000
Tenant recovery income	7,866,000	[1]	7,902,000	[1]	23,749,000	[1]	25,244,000	[1]
Real estate taxes paid directly by tenants subject to triple net lease Contracts	$3,100,000		$3,100,000		$9,300,000		$9,600,000

[1]	Tenant recovery income presented in this table excludes real estate taxes that were paid directly by our tenants that are subject to triple net lease contracts. The amount of such payments were approximately $3.1 million and $3.1 million during the three months ended September 30, 2014 and 2013, respectively, and $9.3 million and $9.6 million during the nine months ended September 30, 2014 and 2013, respectively.

Debt_Related_Investments_Narra

Debt Related Investments (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
	security	Sep. 30, 2013	security	Sep. 30, 2013	security
Investment [Line Items]	'	'	'	'	'
Number of debt investments	'	'	11	'	14
Weighted average maturity of our debt investments	'	'	'2 years 3 months 18 days	'	'
Number of debt investment repaid	'	'	3	'	'
Net cash proceeds from repayment	'	'	$22,600,000	'	'
Principal repayment	'	'	29,700,000	'	'
Repayments of borrowings	'	'	7,100,000	'	'
Provision for loan loss	3,000,000	'	3,000,000	'	3,000,000
Recorded Investment	3,000,000	'	3,000,000	'	3,000,000
Unpaid principal balance of impaired debt investments	3,000,000	'	3,000,000	'	3,000,000
Number of impaired debt investments	1	'	1	'	1
Interest Income Recognized	0	0	0	51,000	'
Average Recorded Investment	'	'	'	$6,100,000	'
B-notes	'	'	'	'	'
Investment [Line Items]	'	'	'	'	'
Number of Nonaccrual Loans Receivable	1	'	1	'	1

Debt_Related_Investments_Sched

Debt Related Investments (Schedule of Debt Related Income) (Details) (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
	security		Sep. 30, 2013		security		Sep. 30, 2013
Investment [Line Items]	'		'		'		'
Debt related income	$1,798,000		$2,309,000		$5,571,000		$7,659,000
Weighted Average Yield	7.50%	[1]	'		7.50%	[1]	'
Number of variable interest loans receivable	1		'		1		'
Carrying amount of floating rate debt investments	25,000,000		'		25,000,000		'
Number of debt investment repaid	'		'		3		'
Mortgage Note	'		'		'		'
Investment [Line Items]	'		'		'		'
Debt related income	1,058,000	[2]	1,834,000	[2]	3,469,000	[2]	6,561,000	[2]
Weighted Average Yield	5.40%	[1],[2]	'		5.40%	[1],[2]	'
B-notes	'		'		'		'
Investment [Line Items]	'		'		'		'
Debt related income	'		'		'		51,000
Weighted Average Yield	0.00%	[1]	'		0.00%	[1]	'
Mezzanine loan	'		'		'		'
Investment [Line Items]	'		'		'		'
Debt related income	$740,000		$475,000		$2,102,000		$1,047,000
Weighted Average Yield	16.70%	[1]	'		16.70%	[1]	'
Floating-rate debt related investments, net	'		'		'		'
Investment [Line Items]	'		'		'		'
Weighted Average Yield	0.00%		'		0.00%		'

[1]	Weighted average yield is calculated on an unlevered basis using the amount invested, current interest rates and accretion of premiums or discounts realized upon the initial investment for each investment type as of September 30, 2014. Yields for LIBOR-based, floating-rate investments have been calculated using the one-month LIBOR rate as of September 30, 2014 for purposes of this table. As of September 30, 2014, we had one debt related investment with a net investment amount of $25.0 million that bears interest at a floating rate indexed to LIBOR. All of our remaining debt related investments bear interest at fixed rates. We have assumed a yield of zero on the one debt related investment for which we have recognized a full allowance for loss as of September 30, 2014.
[2]	We had three debt related investments repaid in full during each of the nine months ended September 30, 2014 and 2013. During the three and nine months ended September 30, 2014 and 2013, amounts recorded include early repayment fees received and accelerated amortization of origination fees offset by accelerated amortization of deferred due diligence costs related to certain of these repayments.

Debt_Related_Investments_Recor

Debt Related Investments (Recorded Investment in Debt Related Investments before Allowance for Loan Loss, and Related Allowance for Loan Loss) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Disclosure Recorded Investment In Debt Related Investments Before Allowance For Loan Loss And Related Allowance For Loan Loss [Abstract]	'	'
Debt related investments	$97,673	$126,935
Less: Allowance for loan losses	-3,000	-3,000
Total	$94,673	$123,935

Debt_Obligations_Narrative_Det

Debt Obligations (Narrative) (Details) (USD $)	9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013	Dec. 31, 2013
	loan		Sep. 30, 2013	Dec. 31, 2013
Debt Instrument [Line Items]	'		'	'
Number of interest-only mortgage notes	10		'	'
Number of amortizing mortgage notes	17		'	'
Interest-only mortgage notes, outstanding balance	$287,400,000		'	'
Amortizing mortgage notes outstanding balance	546,400,000		'	'
Total unsecured borrowings	317,500,000		'	300,000,000
Line of credit, amount outstanding	47,500,000	[1]	'	30,000,000	[1],[2]
Current borrowing capacity	302,500,000		'	'
Available borrowing under revolving credit facility	147,000,000		'	86,100,000
Notice of default description	'As of September 30, 2014, we had defaulted on a mortgage note with an outstanding principal balance of $13.6 million collateralized by an industrial property with a net investment amount of $13.1 million, after accumulated depreciation and impairment charges. Our default resulted from us not making monthly debt service payments as required by the loan agreement. The lender has indicated to us that it intends to foreclose on the property that is collateral for the loan. With the exception of customary "carve-outs" (none of which we believe will have negative consequences under this loan), this loan is not recourse to us; therefore, our equity investment in this property is at risk of loss. This default does not cause us to breach our remaining debt covenants. Subsequent to September 30, 2014, the lender foreclosed on the property that is collateral for the loan.		'	'
Borrowed Funds	1,188,730,000		'	1,323,472,000	[2]
Real estate investment, gross	2,450,058,000		'	2,570,480,000
Line of credit, interest rate	1.80%	[1]	'	1.90%	[1]
Repayment of outstanding borrowings	49,133,000		25,417,000	'
Outstanding Balance	1,188,582,000	[3]	'	'
Gross Investment Amount Securing Borrowings	1,707,896,000		'	1,980,243,000	[4]
Industrial	'		'	'
Debt Instrument [Line Items]	'		'	'
Real estate investment, gross	285,643,000		'	478,355,000	[5]
Repurchase Facility	'		'	'
Debt Instrument [Line Items]	'		'	'
Gross Investment Amount Securing Borrowings	51,594,000	[6]	'	65,726,000	[4],[6]
Term Loan	'		'	'
Debt Instrument [Line Items]	'		'	'
Total unsecured borrowings	270,000,000		'	270,000,000
Line of credit, amount outstanding	270,000,000	[7]	'	270,000,000	[2],[7]
Mortgage Note in Payment Default [Member]	'		'	'
Debt Instrument [Line Items]	'		'	'
Borrowed Funds	13,600,000		'	'
Mortgage Note in Payment Default [Member] \| Industrial	'		'	'
Debt Instrument [Line Items]	'		'	'
Real estate investment, gross	$13,100,000		'	'

[1]	As of September 30, 2014 and December 31, 2013, borrowings under our line of credit were subject to interest at a floating rate of 1.60% and 1.75%, respectively, over one-month LIBOR.
[2]	Amounts presented are net of (i)B unamortized discounts to the face value of our outstanding fixed-rate mortgages of $2.2 million and $2.7 million as of September 30, 2014 and DecemberB 31, 2013, respectively, and (ii)B GAAP principal amortization related to troubled debt restructurings of $2.1 million and $1.5 million as of September 30, 2014 and DecemberB 31, 2013, respectively.
[3]	Outstanding balance represents expected cash outflows for contractual amortization and scheduled balloon payment maturities and does not include (i)B the increase due to mark-to-market adjustment on assumed debt of $2.2 million as of September 30, 2014, and (ii)B the decrease due to the GAAP principal amortization of our restructured mortgage note of approximately $2.1 million that does not reduce the contractual amount due of the related mortgage note as of September 30, 2014.
[4]	bGross Investment Amountb as used here and throughout this document represents the allocated gross basis of real property and debt related investments, after certain adjustments. Gross Investment Amount for real property (i)B includes the effect of intangible lease liabilities, (ii)B excludes accumulated depreciation and amortization, and (iii)B includes the impact of impairments.B Amounts reported for debt related investments represent our net accounting basis of the debt related investments, which includes (i)B unpaid principal balances, (ii)B unamortized discounts, premiums, and deferred charges, andB (iii) allowances for loan loss.
[5]	Includes $21.1 million in land, $157.7 million in building and improvements, $14.9 million in intangible lease assets, and $5.6 million in intangible lease liabilities, before accumulated depreciation on assets of $50.6 million and accumulated amortization of intangible lease liabilities of $2.5 million, related to 12 industrial properties classified as held for sale in the accompanying balance sheet as of December 31, 2013.
[6]	As of September 30, 2014 and December 31, 2013, borrowings under our repurchase facility were subject to interest at a floating rate of 2.25% over one-month LIBOR. However, we had effectively fixed the interest rate of the borrowings using interest rate swaps at 2.84% for the term of the borrowings. (5)
[7]	As of September 30, 2014 and December 31, 2013, borrowings under our term loan were subject to interest at a floating rate of 1.55% and 1.70%, respectively, over one-month LIBOR. However, we had effectively fixed the interest rate for $200.0 million of the total of $270.0 million in borrowings using interest rate swaps at 2.19% and 2.34%, respectively, resulting in a weighted average interest rate on the total term loan of 2.06% and 2.21% as of September 30, 2014 and December 31, 2013, respectively.

Debt_Obligations_Summary_of_Bo

Debt Obligations (Summary of Borrowings) (Details) (USD $)	9 Months Ended		12 Months Ended
Debt Obligations (Summary of Borrowings) (Details) (USD $)	Sep. 30, 2014		Dec. 31, 2013
Debt Instrument [Line Items]	'		'
Weighted Average Stated Interest Rate	4.70%		4.90%
Outstanding Balance	$1,188,730,000		$1,323,472,000	[1]
Gross Investment Amount Securing Borrowings	1,707,896,000		1,980,243,000	[2]
Unamortized net discount at end of period on debt payable	2,200,000		2,700,000
Troubled debt restructuring amortization	2,100,000		1,500,000
Liabilities held for sale	'		86,668,000	[3]
Line of credit, interest rate	1.80%	[4]	1.90%	[4]
Mortgage notes	871,230,000	[5]	943,045,000	[5]
Total secured borrowings	871,230,000		1,023,472,000	[1]
Line of credit, amount outstanding	47,500,000	[4]	30,000,000	[1],[4]
Total unsecured borrowings	317,500,000		300,000,000
Fixed rate secured borrowings	'		'
Debt Instrument [Line Items]	'		'
Weighted Average Stated Interest Rate	5.80%		5.80%
Outstanding Balance	825,589,000		969,622,000	[1]
Gross Investment Amount Securing Borrowings	1,640,386,000		1,898,946,000	[2]
Floating-rate mortgage notes	'		'
Debt Instrument [Line Items]	'		'
Weighted Average Stated Interest Rate	3.20%	[6]	3.90%	[6]
Outstanding Balance	8,340,000	[6]	8,580,000	[1],[6]
Gross Investment Amount Securing Borrowings	15,916,000	[6]	15,571,000	[2],[6]
Outstanding borrowings spread over LIBOR	3.00%		3.75%
Total mortgage notes	'		'
Debt Instrument [Line Items]	'		'
Weighted Average Stated Interest Rate	5.80%		5.80%
Outstanding Balance	833,929,000		978,202,000	[1]
Gross Investment Amount Securing Borrowings	1,656,302,000		1,914,517,000	[2]
Repurchase Facility	'		'
Debt Instrument [Line Items]	'		'
Weighted Average Stated Interest Rate	2.80%	[7]	2.80%	[7]
Gross Investment Amount Securing Borrowings	51,594,000	[7]	65,726,000	[2],[7]
Total other secured borrowings	37,301,000	[7]	45,270,000	[1],[7]
Total other secured borrowings	'		'
Debt Instrument [Line Items]	'		'
Weighted Average Stated Interest Rate	2.80%		2.80%
Gross Investment Amount Securing Borrowings	51,594,000		65,726,000	[2]
Total other secured borrowings	37,301,000		45,270,000	[1]
Total Secured Borrowings [Member]	'		'
Debt Instrument [Line Items]	'		'
Weighted Average Stated Interest Rate	5.60%		5.60%
Line of Credit [Member]	'		'
Debt Instrument [Line Items]	'		'
Outstanding borrowings spread over LIBOR	1.60%		1.75%
Term Loan	'		'
Debt Instrument [Line Items]	'		'
Weighted Average Stated Interest Rate	2.06%	[8]	2.21%	[8]
Outstanding borrowings spread over LIBOR	1.55%		1.70%
Line of credit, amount outstanding	270,000,000	[8]	270,000,000	[1],[8]
Total unsecured borrowings	270,000,000		270,000,000
Unsecured Borrowings	'		'
Debt Instrument [Line Items]	'		'
Weighted Average Stated Interest Rate	2.00%		2.20%
Outstanding Balance	200,000,000		200,000,000
Interest rate	2.19%		2.34%
Total unsecured borrowings	$317,500,000		$300,000,000	[1]
Fixed rate secured borrowings \| Repurchase Facility	'		'
Debt Instrument [Line Items]	'		'
Interest rate	2.84%		2.84%
Minimum \| Repurchase Facility	'		'
Debt Instrument [Line Items]	'		'
Outstanding borrowings spread over LIBOR	2.25%		2.25%

[1]	Amounts presented are net of (i)B unamortized discounts to the face value of our outstanding fixed-rate mortgages of $2.2 million and $2.7 million as of September 30, 2014 and DecemberB 31, 2013, respectively, and (ii)B GAAP principal amortization related to troubled debt restructurings of $2.1 million and $1.5 million as of September 30, 2014 and DecemberB 31, 2013, respectively.
[2]	bGross Investment Amountb as used here and throughout this document represents the allocated gross basis of real property and debt related investments, after certain adjustments. Gross Investment Amount for real property (i)B includes the effect of intangible lease liabilities, (ii)B excludes accumulated depreciation and amortization, and (iii)B includes the impact of impairments.B Amounts reported for debt related investments represent our net accounting basis of the debt related investments, which includes (i)B unpaid principal balances, (ii)B unamortized discounts, premiums, and deferred charges, andB (iii) allowances for loan loss.
[3]	Includes approximately $0 and $80.4 million in consolidated mortgage notes in variable interest entity investments as of September 30, 2014 and DecemberB 31, 2013, respectively.
[4]	As of September 30, 2014 and December 31, 2013, borrowings under our line of credit were subject to interest at a floating rate of 1.60% and 1.75%, respectively, over one-month LIBOR.
[5]	Includes approximately $59.7 million and $60.7 million in consolidated mortgage notes in variable interest entity investments as of September 30, 2014 and DecemberB 31, 2013, respectively.
[6]	As of September 30, 2014, our floating rate mortgage note was subject to an interest rate spread of 3.00% over one-month LIBOR. As of December 31, 2013, our floating-rate mortgage note was subject to an interest rate spread of 3.75% over one-month LIBOR.
[7]	As of September 30, 2014 and December 31, 2013, borrowings under our repurchase facility were subject to interest at a floating rate of 2.25% over one-month LIBOR. However, we had effectively fixed the interest rate of the borrowings using interest rate swaps at 2.84% for the term of the borrowings. (5)
[8]	As of September 30, 2014 and December 31, 2013, borrowings under our term loan were subject to interest at a floating rate of 1.55% and 1.70%, respectively, over one-month LIBOR. However, we had effectively fixed the interest rate for $200.0 million of the total of $270.0 million in borrowings using interest rate swaps at 2.19% and 2.34%, respectively, resulting in a weighted average interest rate on the total term loan of 2.06% and 2.21% as of September 30, 2014 and December 31, 2013, respectively.

Debt_Obligations_Summary_of_Bo1

Debt Obligations (Summary of Borrowings Reflects Contractual Debt Maturities Footnote) (Details) (USD $)	9 Months Ended
	Sep. 30, 2014		Dec. 31, 2013
Debt Instrument [Line Items]	'		'
Outstanding Balance	$1,188,582,000	[1]	'
Secured debt	871,230,000	[2]	943,045,000	[2]
Line of credit, amount outstanding	47,500,000	[3]	30,000,000	[3],[4]
Mark to market adjustment on assumed debt	2,200,000		'
Troubled debt restructuring amortization	2,100,000		1,500,000
2014	'		'
Debt Instrument [Line Items]	'		'
Outstanding Balance	3,915,000	[1]	'
2015	'		'
Debt Instrument [Line Items]	'		'
Outstanding Balance	135,125,000	[1]	'
2016	'		'
Debt Instrument [Line Items]	'		'
Outstanding Balance	390,807,000	[1]	'
2017	'		'
Debt Instrument [Line Items]	'		'
Outstanding Balance	209,721,000	[1]	'
2018	'		'
Debt Instrument [Line Items]	'		'
Outstanding Balance	274,999,000	[1]	'
2019	'		'
Debt Instrument [Line Items]	'		'
Outstanding Balance	5,292,000	[1]	'
2020	'		'
Debt Instrument [Line Items]	'		'
Outstanding Balance	157,944,000	[1]	'
2021	'		'
Debt Instrument [Line Items]	'		'
Outstanding Balance	1,707,000	[1]	'
2022	'		'
Debt Instrument [Line Items]	'		'
Outstanding Balance	1,663,000	[1]	'
2023 [Member]	'		'
Debt Instrument [Line Items]	'		'
Outstanding Balance	978,000	[1]	'
Thereafter	'		'
Debt Instrument [Line Items]	'		'
Outstanding Balance	6,431,000	[1]	'
Mortgage Note	'		'
Debt Instrument [Line Items]	'		'
Troubled debt restructuring amortization	2,100,000		'
Mortgage Notes and Other Secured Borrowings	'		'
Debt Instrument [Line Items]	'		'
Number of Borrowings Maturing	28		'
Outstanding Balance	871,082,000		'
Mortgage Notes and Other Secured Borrowings \| 2014	'		'
Debt Instrument [Line Items]	'		'
Outstanding Balance	3,915,000		'
Mortgage Notes and Other Secured Borrowings \| 2015	'		'
Debt Instrument [Line Items]	'		'
Number of Borrowings Maturing	5		'
Outstanding Balance	135,125,000		'
Mortgage Notes and Other Secured Borrowings \| 2016	'		'
Debt Instrument [Line Items]	'		'
Number of Borrowings Maturing	13		'
Outstanding Balance	343,307,000		'
Mortgage Notes and Other Secured Borrowings \| 2017	'		'
Debt Instrument [Line Items]	'		'
Number of Borrowings Maturing	6		'
Outstanding Balance	209,721,000		'
Mortgage Notes and Other Secured Borrowings \| 2018	'		'
Debt Instrument [Line Items]	'		'
Outstanding Balance	4,999,000		'
Mortgage Notes and Other Secured Borrowings \| 2019	'		'
Debt Instrument [Line Items]	'		'
Outstanding Balance	5,292,000		'
Mortgage Notes and Other Secured Borrowings \| 2020	'		'
Debt Instrument [Line Items]	'		'
Number of Borrowings Maturing	1		'
Outstanding Balance	157,944,000		'
Mortgage Notes and Other Secured Borrowings \| 2021	'		'
Debt Instrument [Line Items]	'		'
Outstanding Balance	1,707,000		'
Mortgage Notes and Other Secured Borrowings \| 2022	'		'
Debt Instrument [Line Items]	'		'
Number of Borrowings Maturing	1		'
Outstanding Balance	1,663,000		'
Mortgage Notes and Other Secured Borrowings \| 2023 [Member]	'		'
Debt Instrument [Line Items]	'		'
Outstanding Balance	978,000		'
Mortgage Notes and Other Secured Borrowings \| Thereafter	'		'
Debt Instrument [Line Items]	'		'
Number of Borrowings Maturing	2		'
Outstanding Balance	6,431,000		'
Unsecured Borrowings	'		'
Debt Instrument [Line Items]	'		'
Number of Borrowings Maturing	2		'
Outstanding Balance	317,500,000	[5]	'
Unsecured Borrowings \| 2016	'		'
Debt Instrument [Line Items]	'		'
Number of Borrowings Maturing	1		'
Outstanding Balance	47,500,000	[5]	'
Unsecured Borrowings \| 2018	'		'
Debt Instrument [Line Items]	'		'
Number of Borrowings Maturing	1		'
Outstanding Balance	$270,000,000	[5]	'

[1]	Outstanding balance represents expected cash outflows for contractual amortization and scheduled balloon payment maturities and does not include (i)B the increase due to mark-to-market adjustment on assumed debt of $2.2 million as of September 30, 2014, and (ii)B the decrease due to the GAAP principal amortization of our restructured mortgage note of approximately $2.1 million that does not reduce the contractual amount due of the related mortgage note as of September 30, 2014.
[2]	Includes approximately $59.7 million and $60.7 million in consolidated mortgage notes in variable interest entity investments as of September 30, 2014 and DecemberB 31, 2013, respectively.
[3]	As of September 30, 2014 and December 31, 2013, borrowings under our line of credit were subject to interest at a floating rate of 1.60% and 1.75%, respectively, over one-month LIBOR.
[4]	Amounts presented are net of (i)B unamortized discounts to the face value of our outstanding fixed-rate mortgages of $2.2 million and $2.7 million as of September 30, 2014 and DecemberB 31, 2013, respectively, and (ii)B GAAP principal amortization related to troubled debt restructurings of $2.1 million and $1.5 million as of September 30, 2014 and DecemberB 31, 2013, respectively.
[5]	Unsecured borrowings presented include (i) borrowings under our revolving credit facility of $47.5 million, which mature in 2016, subject to two one-year extension options, and (ii) term loan borrowings of $270.0 million which mature in 2018.

Hedging_Activities_Narrative_D

Hedging Activities (Narrative) (Details) (USD $)	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2013
	Scenario, Forecast [Member]	Designated Hedges	Designated Hedges	Interest Rate Swap	Interest Rate Swap	Interest Rate Cap
				Scenario, Forecast [Member]	Designated Hedges	Designated Hedges
					agreement	agreement
Derivative [Line Items]	'	'	'	'	'	'
Estimated increase to interest expense related to termination of hedging instrument	'	'	'	$1,800,000	'	'
Estimated increase to interest expense related to active effective hedges of floating rate debt	893,000	'	'	'	'	'
Total notional amount	'	$241,900,000	$255,400,000	'	'	'
Number of outstanding derivatives	'	'	'	'	7	7

Hedging_Activities_Reconciliat

Hedging Activities (Reconciliation of Accumulated Other Comprehensive Loss, Net of Amounts Attributable to Noncontrolling Interests) (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]	'
Beginning balance as of December 31, 2013	($10,794)
Amortization of OCI into interest expense (net of tax benefit of $0)	2,232
Change in fair value recognized in OCI (net of tax benefit of $0)	-1,054
Net current-period other comprehensive income	1,178
Attribution of and other adjustments to OCI attributable to noncontrolling interests	101
Ending balance as of June 30, 2014	-9,515
Amortization of OCI into interest expense, Tax	0
Change in fair value recognized in OCI, Tax	0
Amounts reclassified from accumulated other comprehensive income, tax benefit	0
Gains And Losses On Cash Flow Hedges [Member]	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'
Beginning balance as of December 31, 2013	-9,876
Amortization of OCI into interest expense (net of tax benefit of $0)	2,232
Change in fair value recognized in OCI (net of tax benefit of $0)	-843
Net current-period other comprehensive income	1,389
Attribution of and other adjustments to OCI attributable to noncontrolling interests	30
Ending balance as of June 30, 2014	-8,457
Unrealized Gains On Available-For-Sale Securities [Member]	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'
Beginning balance as of December 31, 2013	-918
Change in fair value recognized in OCI (net of tax benefit of $0)	-211
Net current-period other comprehensive income	-211
Attribution of and other adjustments to OCI attributable to noncontrolling interests	71
Ending balance as of June 30, 2014	($1,058)

Hedging_Activities_Gross_Fair_

Hedging Activities (Gross Fair Value of Derivative Financial Instruments as Well as Their Classification) (Details) (USD $)	Sep. 30, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014		Dec. 31, 2013
Other Assets	'		'
Derivatives, Fair Value [Line Items]	'		'
Asset Derivatives, Fair value, Gross asset	$749	[1]	$748	[1]
Other Liabilities	'		'
Derivatives, Fair Value [Line Items]	'		'
Liability Derivatives, Fair value, Gross liability	'	[1]	-43	[1]
Designated Hedges \| Other Assets	'		'
Derivatives, Fair Value [Line Items]	'		'
Asset Derivatives, Fair value, Gross asset	749		748
Designated Hedges \| Other Liabilities	'		'
Derivatives, Fair Value [Line Items]	'		'
Liability Derivatives, Fair value, Gross liability	'		-43
Designated Hedges \| Interest Rate Contract \| Other Assets	'		'
Derivatives, Fair Value [Line Items]	'		'
Asset Derivatives, Fair value, Gross asset	749		748
Designated Hedges \| Interest Rate Contract \| Other Liabilities	'		'
Derivatives, Fair Value [Line Items]	'		'
Liability Derivatives, Fair value, Gross liability	'		-43
Undesignated hedges \| Other Assets	'		'
Derivatives, Fair Value [Line Items]	'		'
Asset Derivatives, Fair value, Gross asset	'		'
Undesignated hedges \| Other Liabilities	'		'
Derivatives, Fair Value [Line Items]	'		'
Liability Derivatives, Fair value, Gross liability	'		'
Undesignated hedges \| Interest Rate Contract \| Other Assets	'		'
Derivatives, Fair Value [Line Items]	'		'
Asset Derivatives, Fair value, Gross asset	'		'
Undesignated hedges \| Interest Rate Contract \| Other Liabilities	'		'
Derivatives, Fair Value [Line Items]	'		'
Liability Derivatives, Fair value, Gross liability	'		'

[1]	Although our derivative contracts are subject to master netting arrangements which serve as credit mitigants to both us and our counterparties under certain situations, we do not net our derivative fair values or any existing rights or obligations to cash collateral on the consolidated balance sheet.

Hedging_Activities_Effect_of_D

Hedging Activities (Effect of Derivative Financial Instruments on Financial Statements) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Designated Hedges	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Amount of income (loss) recognized in income due to missed forecast (ineffective portion and amount excluded from effectiveness testing)	$9	'	'	($129)
Designated Hedges \| Interest Expense	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Amount of loss reclassified from accumulated OCI into income (effective portion)	-739	-681	-2,232	-2,014
Designated Hedges \| Interest Rate Contract	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Amount of gain or (loss) recognized in OCI (effective portion)	421	-804	-843	634
Undesignated hedges	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Amount of loss recognized in income	'	'	'	'

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Carrying (Reported) Amount, Fair Value Disclosure	'	'
Assets:	'	'
Derivative instruments	$749	$748
Liabilities:	'	'
Fixed-rate mortgage notes carried at amortized cost	825,589	969,622
Derivative liabilities	'	43
Carrying (Reported) Amount, Fair Value Disclosure \| Real Estate Securities	'	'
Assets:	'	'
Investments in real estate securities	200	461
Carrying (Reported) Amount, Fair Value Disclosure \| Fixed-rate debt related investments, net	'	'
Assets:	'	'
Fixed-rate debt related investments, net	69,574	98,724
Carrying (Reported) Amount, Fair Value Disclosure \| Floating-rate debt related investments, net	'	'
Assets:	'	'
Floating-rate debt related investments, net	25,099	25,211
Carrying (Reported) Amount, Fair Value Disclosure \| Floating-rate mortgage notes	'	'
Liabilities:	'	'
Floating-rate mortgage notes	8,340	8,580
Carrying (Reported) Amount, Fair Value Disclosure \| Floating rate mortgages	'	'
Liabilities:	'	'
Floating-rate other secured borrowings	37,301	45,270
Carrying (Reported) Amount, Fair Value Disclosure \| Floating Rate Un-Secured Borrowings	'	'
Liabilities:	'	'
Floating-rate unsecured borrowings	317,500	300,000
Estimate of Fair Value, Fair Value Disclosure	'	'
Assets:	'	'
Derivative instruments	749	748
Liabilities:	'	'
Fixed-rate mortgage notes carried at amortized cost	862,618	1,010,085
Derivative liabilities	'	43
Estimate of Fair Value, Fair Value Disclosure \| Real Estate Securities	'	'
Assets:	'	'
Investments in real estate securities	200	461
Estimate of Fair Value, Fair Value Disclosure \| Fixed-rate debt related investments, net	'	'
Assets:	'	'
Fixed-rate debt related investments, net	71,474	101,012
Estimate of Fair Value, Fair Value Disclosure \| Floating-rate debt related investments, net	'	'
Assets:	'	'
Floating-rate debt related investments, net	25,222	24,504
Estimate of Fair Value, Fair Value Disclosure \| Floating-rate mortgage notes	'	'
Liabilities:	'	'
Floating-rate mortgage notes	8,387	8,582
Estimate of Fair Value, Fair Value Disclosure \| Floating rate mortgages	'	'
Liabilities:	'	'
Floating-rate other secured borrowings	37,338	45,270
Estimate of Fair Value, Fair Value Disclosure \| Floating Rate Un-Secured Borrowings	'	'
Liabilities:	'	'
Floating-rate unsecured borrowings	$319,853	$301,690

Related_Party_Transactions_Nar

Related Party Transactions (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended
Related Party Transactions (Narrative) (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Related Party Transaction [Line Items]	'	'	'	'
Maximum primary dealer fee as percentage of gross proceeds from sale of class I shares	'	'	5.00%	'
Total gross proceeds raised from sale of class I shares	'	'	$66,041,000	$27,384,000
Percentage of gross proceeds retained by dealer manager	'	'	0.50%	'
Related party transaction expense	7,823,000	7,501,000	22,434,000	19,431,000
Primary Dealer Fees [Member]	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'
Related party transaction expense	1,648,000	844,000	2,197,000	1,358,000
Primary Dealer Fees Retained by Dealer Manager [Member]	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'
Related party transaction expense	220,000	136,000	220,000	136,000
Raymond James and Associates, Inc. [Member]	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'
Maximum primary dealer fee as percentage of gross proceeds from sale of class I shares	'	'	5.00%	'
Percentage of gross proceeds retained by dealer manager	'	'	0.50%	'
Maximum	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'
Total gross proceeds raised from sale of class I shares	'	'	$300,000,000	'

Related_Party_Transactions_Sum

Related Party Transactions (Summary of Fees and Other Amounts Earned by Advisor and Its Related Parties) (Details) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Apr. 15, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Class I

Asset Management And Advisory Fees.

Development Management Fees

Other Reimbursements

Asset management fees related to the disposition of real properties

Primary Dealer Fees [Member]

Dealer Manager and Distribution Fees [Member]

Restricted Stock Units (RSUs) [Member]

Asset Management And Advisory Fees.

Related Party Transaction [Line Items]

Total

$7,823,000

$7,501,000

$22,434,000

$19,431,000

$4,083,000

[1]

$3,813,000

[1]

$11,678,000

[1]

$11,221,000

[1]

$3,000

$12,000

$107,000

$159,000

$2,027,000

$1,536,000

$6,240,000

$4,229,000

$1,291,000

$1,973,000

$2,459,000

$1,648,000

$844,000

$2,197,000

$1,358,000

$62,000

$5,000

$239,000

$5,000

$217,000

$433,000

Common stock, shares issued

178,728,868

[2]

178,728,868

[2]

176,006,755

[2]

12,616,601

123,000

4,327,085

[1]

Amounts reported for the three and nine months ended September 30, 2014 include approximately $217,000 and $433,000, respectively, that we were not obligated to pay in consideration of the issuance of approximately 123,000 shares of our Class I common stock to the Advisor. Such shares were issued on April 15, 2014 upon the settlement of restricted stock units issued to our Advisor on April 7, 2014, and will be recognized as Advisory fees expense over a one year period

[2]

Includes 164,359,165 shares of Class E common stock, 986,494 shares of ClassB A common stock, 766,608 shares of Class W common stock, and 12,616,601 shares of Class I common stock issued and outstanding as of September 30, 2014, and 171,254,036 shares of Class E common stock, 216,745 shares of ClassB A common stock, 208,889B shares of Class W common stock, and 4,327,085 shares of Class I common stock issued and outstanding as of DecemberB 31, 2013.

Net_Income_Loss_Per_Common_Sha2

Net Income (Loss) Per Common Share (Details) (USD $)	3 Months Ended				9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Numerator	'		'		'		'
Loss from continuing operations	($7,519)	[1]	($72)	[1]	($1,713)	[1]	($2,126)	[1]
Loss (income) from continuing operations attributable to noncontrolling interests	475		-57		57		81
Loss from continuing operations attributable to common stockholders	-7,044		-129		-1,656		-2,045
Dilutive noncontrolling interests share of (income) loss from continuing operations	-500		-10		-128		-161
Numerator for diluted earnings per share - adjusted loss from continuing operations	-7,544		-139		-1,784		-2,206
Income from discontinued operations	5		45,403		30,005		60,052
Income from discontinued operations attributable to noncontrolling interests	'		-3,200		-4,462		-4,168
Income from discontinued operations attributable to common stockholders	5		42,203		25,543		55,884
Dilutive noncontrolling interests share of discontinued operations	'		3,217		1,915		4,274
Numerator for diluted earnings per share - adjusted income from discontinued operations	$5		$45,420		$27,458		$60,158
Denominator	'		'		'		'
Weighted average shares outstanding-basic	178,729		178,201		177,717		178,415
Incremental weighted average shares effect of conversion of OP units	12,693		13,582		12,888		13,848
Weighted average shares outstanding-diluted	191,422		191,783		190,605		192,263
(LOSS) INCOME PER COMMON SHARE-BASIC AND DILUTED	'		'		'		'
Net (loss) from continuing operations	($0.04)		$0		($0.01)		($0.01)
Net income from discontinued operations	$0		$0.24		$0.14		$0.32
Net (loss) income	($0.04)		$0.24		$0.13		$0.31

[1]	Includes approximately $0 and $1.3 million paid to our Advisor for advisory fees associated with the disposition of real properties during the three months ended September 30, 2014 and 2013, respectively, and $1.6 million and $2.5 million paid to our Advisor for advisory fees associated with the disposition of real properties during the nine months ended September 30, 2014 and 2013, respectively.

Segment_Information_Revenue_an

Segment Information (Revenue and Components of Net Operating Income) (Details) (USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
	Sep. 30, 2014		Sep. 30, 2013		segment		Sep. 30, 2013
Segment Reporting Information [Line Items]	'		'		'		'
Number of operating segments	'		'		4		'
Revenues	$58,591		$54,422		$172,504		$161,607
NOI	45,787		43,577		134,557		129,917
Real property	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Number of operating segments	'		'		3		'
Real property \| Office	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Revenues	35,439	[1]	31,224	[1]	103,566	[1]	91,280	[1]
NOI	26,608	[1]	24,129	[1]	77,863	[1]	70,903	[1]
Real property \| Industrial	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Revenues	5,825	[1]	6,512	[1]	17,674	[1]	19,886	[1]
NOI	5,220	[1]	5,875	[1]	15,622	[1]	18,303	[1]
Real property \| Retail	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Revenues	15,529	[1]	14,377	[1]	45,693	[1]	42,782	[1]
NOI	12,161	[1]	11,264	[1]	35,501	[1]	33,052	[1]
Debt Related Investments	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Revenues	1,798		2,309		5,571		7,659
NOI	$1,798		$2,309		$5,571		$7,659

[1]	Excludes results of operations of real properties categorized as discontinued operations.

Segment_Information_Reconcilia

Segment Information (Reconciliation of Net Operating Income to Reported Net Income (Loss)) (Details) (USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Reconciliation of net operating income attributable to common shareholders	'		'		'		'
Net operating income	$45,787		$43,577		$134,557		$129,917
Real estate depreciation and amortization expense	-21,918		-21,311		-66,481		-63,901
General and administrative expenses	-2,739	[1]	-2,212	[1]	-8,683	[1]	-7,087	[1]
Advisory fees, related party	-4,083		-3,813		-11,678		-11,221
Acquisition-related expenses	-214		'		-466		'
Impairment of real estate property	-9,500		'		-9,500		'
Interest and other income (expense)	424		-424		688		-287
Interest expense	-15,276		-15,885		-46,549		-48,848
Loss on extinguishment of debt and financing commitments	'		-4		-63		-699
Gain on sale of real property	'		'		6,462	[2]	'
Discontinued operations	5		45,403		30,005		60,052
Net loss (income) attributable to noncontrolling interests	475		-3,257		-4,405		-4,087
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	($7,039)		$42,074		$23,887		$53,839

[1]	Includes approximately $1.6 million and $1.1 million, paid to our Advisor and its affiliates for reimbursable expenses during the three months ended September 30, 2014 and 2013, respectively, and approximately $4.7 million and $3.2 million paid to our Advisor and its affiliates for reimbursable expenses during the nine months ended September 30, 2014 and 2013, respectively.
[2]	Includes approximately $0 and $328,000 paid to our Advisor for advisory fees associated with the disposition of real properties during the three and nine months ended September 30, 2014, respectively.(3)

Segment_Information_Schedule_o

Segment Information (Schedule of Total Assets by Business Segment) (Details) (USD $)	Sep. 30, 2014		Dec. 31, 2013		Sep. 30, 2013	Dec. 31, 2012
Segment assets:	'		'		'	'
Net investments in real property	$1,937,631,000	[1]	$1,924,642,000	[1]	'	'
Debt related investments, net	94,673,000		123,935,000		'	'
Non-segment assets:	'		'		'	'
Cash and cash equivalents	27,814,000		24,778,000		40,003,000	36,872,000
Other non-segment assets	88,055,000	[2]	85,878,000	[2]	'	'
Assets held for sale	'		146,176,000	[3]	'	'
Total Assets	2,148,173,000		2,305,409,000		'	'
Segment Reconciling Items [Member]	'		'		'	'
Non-segment assets:	'		'		'	'
Total Assets	2,032,304,000		2,048,577,000		'	'
Office	'		'		'	'
Segment assets:	'		'		'	'
Net investments in real property	1,108,535,000		1,092,351,000		'	'
Industrial	'		'		'	'
Segment assets:	'		'		'	'
Net investments in real property	221,959,000		229,786,000		'	'
Retail	'		'		'	'
Segment assets:	'		'		'	'
Net investments in real property	607,137,000		602,505,000		'	'
Debt Related Investments	'		'		'	'
Segment assets:	'		'		'	'
Debt related investments, net	$94,673,000		$123,935,000		'	'

[1]	Includes approximately $81.3 million and $82.4 million, after accumulated depreciation and amortization, in consolidated real property variable interest entity investments as of September 30, 2014 and DecemberB 31, 2013, respectively.
[2]	Other non-segment assets primarily consist of corporate assets including restricted cash and receivables, including straight-line rent receivable.
[3]	Includes approximately $0 and $143.0 million, after accumulated depreciation and amortization, in consolidated real property variable interest entity investments as of September 30, 2014 and DecemberB 31, 2013, respectively.

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	9 Months Ended			0 Months Ended		0 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Nov. 04, 2014	Oct. 15, 2014	Oct. 15, 2014	Nov. 07, 2014	Nov. 07, 2014
			Subsequent Event	Subsequent Event	Subsequent Event	Subsequent Event	Subsequent Event
			Retail Property; Narragansett, Rhode Island Market [Member]	Industrial Property; Silicon Valley, CA [Member]	Industrial Property; Silicon Valley, CA [Member]	Office Property (2); Denver, CO [Member]	Office Property (2); Denver, CO [Member]
			item	property	sqft		sqft
			sqft	sqft
Subsequent Event [Line Items]	'	'	'	'	'	'	'
Rentable square feet	'	'	185,000	'	177,000	'	138,000
Number of buildings	'	'	'	3	'	'	'
Net investment amount	'	'	'	'	$13,100,000	'	$4,700,000
Previously recorded impairment on property	'	'	'	'	2,600,000	'	'
Consideration transferred	'	'	'	'	13,600,000	'	'
Proceeds from disposition of real property	96,602,000	117,992,000	'	'	'	9,100,000	'
Acquisition gross purchase price	'	'	$39,200,000	'	'	'	'
Real estate property, percent leased	'	'	96.00%	'	'	'	'
Real estate property, number of tenants	'	'	18	'	'	'	'