Black Creek Diversified Property Fund 10-Q 12 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	5-May-15
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Entity Registrant Name	Dividend Capital Diversified Property Fund Inc.
Entity Central Index Key	1327978
Current Fiscal Year End Date	-19
Entity Filer Category	Non-accelerated Filer
Class E
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		162,808,305
Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,230,324
Class W
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,171,564
Class I
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		15,748,882

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2015		Dec. 31, 2014
In Thousands, unless otherwise specified
ASSETS
Investments in real property	$2,125,353		$2,442,509
Accumulated depreciation and amortization	-452,532		-513,083
Total net investments in real property	1,672,821	[1]	1,929,426	[1]
Debt related investments, net	87,901		94,951
Total net investments	1,760,722		2,024,377
Cash and cash equivalents	10,226		14,461
Restricted cash	18,564		27,452
Other assets, net	49,059		59,916
Assets held for sale	11,955		21,927
Total Assets	1,850,526		2,148,133
Liabilities:
Accounts payable and accrued expenses	45,269		49,974
Mortgage notes and other secured borrowings	652,127	[2]	853,267	[2]
Unsecured borrowings	181,000		345,000
Intangible lease liabilities, net	54,840		86,243
Other liabilities	25,306		47,789
Liabilities associated with assets held for sale	266		1,880
Total Liabilities	958,808		1,384,153
Stockholders' equity:
Common stock, $0.01 par value; 1,000,000,000 shares authorized; 178,309,833 and 178,388,679 shares issued and outstanding, as of March 31, 2015 and December 31, 2014, respectively	1,783	[3]	1,784	[3]
Additional paid-in capital	1,584,780		1,586,444
Distributions in excess of earnings	-786,286		-893,791
Accumulated other comprehensive loss	-11,808		-10,120
Total stockholders' equity	788,469		684,317
Noncontrolling interests	103,249		79,663
Total Equity	891,718		763,980
Total Liabilities and Equity	$1,850,526		$2,148,133
[1]	Includes approximately $83.1 million and $82.7 million, after accumulated depreciation and amortization, in consolidated real property variable interest entity investments as of March 31, 2015 and December 31, 2014, respectively.
[2]	Includes approximately $59.1 million and $59.4 million in consolidated mortgage notes in variable interest entity investments as of March 31, 2015 and December 31, 2014, respectively.
[3]	Includes 162,187,678 shares of Class E common stock, 1,218,841 shares of Class A common stock, 1,160,854 shares of Class W common stock, and 13,742,460 shares of Class I common stock issued and outstanding as of March 31, 2015, and 163,067,835 shares of Class E common stock, 1,187,215 shares of Class A common stock, 1,116,698 shares of Class W common stock, and 13,027,931 shares of Class I common stock issued and outstanding as of December 31, 2014.

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2015		Dec. 31, 2014
Common stock, par value	0.01		0.01
Common stock, shares authorized	1,000,000,000		1,000,000,000
Common stock, shares issued	178,309,833		178,399,679	[1]
Common stock, shares outstanding	178,309,833	[1]	178,399,679	[1]
Investment in real property	1,672,821,000	[2]	1,929,426,000	[2]
Class E
Common stock, shares issued	162,187,678		163,067,835
Class A
Common stock, shares issued	1,218,841		1,187,215
Class W
Common stock, shares issued	1,160,854		1,116,698
Class I
Common stock, shares issued	13,742,460		13,027,931
Variable interest entity investments
Investment in real property	83,100,000		82,700,000
Mortgage notes	59,100,000		59,400,000
[1]	Includes 162,187,678 shares of Class E common stock, 1,218,841 shares of Class A common stock, 1,160,854 shares of Class W common stock, and 13,742,460 shares of Class I common stock issued and outstanding as of March 31, 2015, and 163,067,835 shares of Class E common stock, 1,187,215 shares of Class A common stock, 1,116,698 shares of Class W common stock, and 13,027,931 shares of Class I common stock issued and outstanding as of December 31, 2014.
[2]	Includes approximately $83.1 million and $82.7 million, after accumulated depreciation and amortization, in consolidated real property variable interest entity investments as of March 31, 2015 and December 31, 2014, respectively.

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
REVENUE:
Rental revenue	$59,379		$55,060
Debt related income	3,203		2,013
Total Revenue	62,582		57,073
EXPENSES:
Rental expense	15,129		13,347
Real estate depreciation and amortization expense	20,815		22,350
General and administrative expenses	2,737	[1]	2,819	[1]
Advisory fees, related party	4,299		3,743
Acquisition-related expenses	423
Impairment of real estate property	1,400
Total Operating Expenses	44,803		42,259
Other Income (Expenses):
Interest and other income (expense)	632		-78
Interest expense	-13,981		-16,168
Loss on extinguishment of debt and financing commitments	-896		-63
Gain on sale of real property	128,667	[2]	3,626	[2]
Income from continuing operations	132,201		2,131
Discontinued operations			29,857	[3]
Net Income	132,201		31,988
Net income attributable to noncontrolling interests	-8,618		-4,550
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	$123,583		$27,438
Net income per basic and diluted common share:
Continuing operations	$0.69		$0.01
Discontinued operations	$0		$0.14
NET INCOME PER BASIC AND DILUTED COMMON SHARE	$0.69		$0.15
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
Basic	179,317		176,873
Diluted	191,766		189,993
Distributions declared per common share	$0.09		$0.09
[1]	Includes approximately $1.7 million and $1.6 million paid to our Advisor and its affiliates for reimbursable expenses during the three months ended March 31, 2015 and 2014, respectively
[2]	Includes approximately $4.5 million and $263,000 paid to our Advisor for advisory fees associated with the disposition of real properties during the three months ended March 31, 2015 and 2014, respectively.
[3]	Includes approximately $1.6 million paid to our Advisor for advisory fees associated with the disposition of real properties during the three months ended March 31 2014.

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Parenthetical) (USD $)	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014
General and administrative expenses	$2,737,000	[1]	$2,819,000	[1]
Paid to Advisor
Asset management fees related to discontinued operations	4,500,000		263,000
Related Party [Member]
General and administrative expenses	1,700,000		1,600,000
Discontinued Operations | Paid to Advisor
Asset management fees related to discontinued operations			$1,600,000
[1]	Includes approximately $1.7 million and $1.6 million paid to our Advisor and its affiliates for reimbursable expenses during the three months ended March 31, 2015 and 2014, respectively

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net Income	$132,201	$31,988
Other Comprehensive (Loss) Income:
Net unrealized change from available-for-sale securities		-211
Unrealized change from cash flow hedging derivatives	-1,807	321
Comprehensive income	130,394	32,098
Comprehensive income attributable to noncontrolling interests	-8,499	-4,452
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	$121,895	$27,646

CONDENSED_CONSOLIDATED_STATEME3

CONDENSED CONSOLIDATED STATEMENT OF EQUITY (USD $)	Common Stock	Additional Paid-in Capital	Distributions in Excess of Earnings	Accumulated Other Comprehensive (Loss) Income	Noncontrolling Interests	Total
In Thousands, except Share data, unless otherwise specified
Beginning Balances at Dec. 31, 2014	$1,784	$1,586,444	($893,791)	($10,120)	$79,663	$763,980
Beginning Balances (in shares) at Dec. 31, 2014	178,400,000					178,399,679	[1]
Comprehensive income (loss):
Net income			123,583		8,618	132,201
Unrealized change from cash flow hedging derivatives				-1,690	-117	-1,807
Common stock:
Issuance of common stock, net of offering costs (in shares)	1,571,000
Issuance of common stock, net of offering costs	16	10,232				10,248
Issuance of common stock, stock-based compensation plans (in shares)	12,000
Issuance of common stock, stock-based compensation plans		325				325
Redemptions of common stock (in shares)	-1,673,000
Redemptions of common stock	-17	-12,219				-12,236
Amortization of stock based compensation		8				8
Distributions declared on common stock			-16,078			-16,078
Noncontrolling interests:
Contributions of noncontrolling interests					16,517	16,517
Distributions declared to noncontrolling interests					-1,125	-1,125
Redemptions of noncontrolling interests		-10		2	-307	-315
Ending Balances at Mar. 31, 2015	$1,783	$1,584,780	($786,286)	($11,808)	$103,249	$891,718
Ending Balances (in shares) at Mar. 31, 2015	178,310,000					178,309,833	[1]
[1]	Includes 162,187,678 shares of Class E common stock, 1,218,841 shares of Class A common stock, 1,160,854 shares of Class W common stock, and 13,742,460 shares of Class I common stock issued and outstanding as of March 31, 2015, and 163,067,835 shares of Class E common stock, 1,187,215 shares of Class A common stock, 1,116,698 shares of Class W common stock, and 13,027,931 shares of Class I common stock issued and outstanding as of December 31, 2014.

CONDENSED_CONSOLIDATED_STATEME4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
OPERATING ACTIVITIES:
Net Income	$132,201		$31,988
Adjustments to reconcile net income to net cash provided by operating activities:
Real estate depreciation and amortization expense	20,815		22,350
Gain on disposition of real property	-128,667		-33,155
Impairment real estate property	1,400
Loss on extinguishment of debt and financing commitments	896		63
Other adjustments to reconcile net income to net cash provided by operating activities	1,334		2,696
Changes in operating assets and liabilities	-2,428		-6,920
Net cash provided by operating activities	25,551		17,022
INVESTING ACTIVITIES:
Acquisition of real property	-69,031
Capital expenditures in real property	-2,867		-4,276
Proceeds from disposition of real property	311,333		90,383
Principal collections on debt related investments	4,635		18,415
Other investing activities	-4,685		1,214
Net cash provided by investing activities	239,385		105,736
FINANCING ACTIVITIES:
Mortgage note principal repayments	-24,475		-3,418
Defeasance of mortgage note borrowings	-53,267
Net proceeds from (repayments of) revolving line of credit borrowings	6,000		-30,000
Repayment of term loan	-170,000
Redemption of common shares	-14,891		-14,109
Distributions on common stock	-10,425		-10,287
Proceeds from sale of common stock	5,998		4,072
Offering costs for issuance of common stock	-1,026		-816
Distributions to noncontrolling interest holders	-1,074		-5,955
Other financing activities	-6,011		-5,731
Net cash used in financing activities	-269,171		-66,244
NET INCREASE IN CASH AND CASH EQUIVALENTS	-4,235		56,514
CASH AND CASH EQUIVALENTS, beginning of period	14,461		24,778
CASH AND CASH EQUIVALENTS, end of period	10,226		81,292
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest	13,208		14,910
Supplemental Disclosure of Noncash Investing and Financing Activities:
Common stock issued pursuant to the distribution reinvestment plan	5,262		5,238
Issuances of OP Units for beneficial interests	7,324
Non-cash principal collection on debt related investments	3,358	[1]	7,125	[1]
Non-cash disposition of real property	128,008	[1]	94,011	[1]
Non-cash repayment of mortgage note and other secured borrowings	$131,366	[1]	$101,136	[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	3 Months Ended
	Mar. 31, 2015
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 March 31, 2015 and December 31, 2014, we owned approximately 93.1% and 93.6%, 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. As of March 31, 2015 and December 31, 2014, our Operating Partnership had issued and outstanding approximately 13.1 million and 12.1 million Class E OP Units held by third party investors, respectively, which represent limited partnership interests issued in connection with its private placement offerings. As of March 31, 2015 and December 31, 2014, such Class E OP Units had a maximum approximate redemption value of $95.9 million and $87.0 million, respectively, based on the most recent selling price of our common stock pursuant to a primary offering. Furthermore, during the three months ended March 31, 2015, we exercised our option to acquire, at fair value, previously sold fractional interests in a retail property in the Jacksonville, FL market for a combination of (i) approximately 1.0 million Class E OP Units issued at a price of $7.18 per OP Unit, representing approximately $7.3 million of the aggregate purchase price and (ii) approximately $783,000 in cash. The result of this activity was a net decrease in our financing obligations of approximately $17.9 million and a net increase in our noncontrolling interests of $16.2 million.
	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. “Management's Discussion and Analysis of Financial Condition and Results of Operations - Net Asset Value Calculation” 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 March 31, 2015, we had raised gross proceeds of approximately $116.8 million from the sale of approximately 16.7 million shares in the Offering, including approximately $1.8 million through our distribution reinvestment plan. As of March 31, 2015, approximately $2,883.2 million in shares remained available for sale pursuant to the Offering, including approximately $748.2 million in shares available for sale through our distribution reinvestment plan.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
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 income,” “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, 2014, filed with the Commission on March 3, 2015. There have been no significant changes to the Company's significant accounting policies during the three months ended March 31, 2015 other than the updates described below.
	Reclassifications
	Certain amounts included in the accompanying financial statements for 2014 have been reclassified to conform to the 2015 financial statements presentation. Statements of income 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 April 2015, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update 2015-03 (“ASU 2015-03”), which simplifies the presentation of debt issuance costs in financial statements. The guidance requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs is not affected by this guidance. ASU 2015-03 is effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2015 and will require retrospective application. Early adoption is permitted for financial statements that have not been previously issued. We are currently evaluating the impact this guidance will have on our financial statements as well as the expected adoption method.

Investments_in_Real_Property

Investments in Real Property	3 Months Ended
	Mar. 31, 2015
Investments in Real Property [Abstract]
Investments in Real Property	3. INVESTMENTS IN REAL PROPERTY
	Currently, 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 March 31, 2015 and December 31, 2014 (amounts in thousands):
	Real Property		Land			Building and Improvements			Intangible Lease Assets			Total Investment Amount			Intangible Lease Liabilities			Net Investment Amount
	As of March 31, 2015:
	Office	$	199,384		$	732,021		$	292,588		$	1,223,993		$	-16,208		$	1,207,785
	Industrial		9,572			63,738			16,436			89,746			-344			89,402
	Retail (1)		246,941			486,847			91,495			825,283			-64,300			760,983
	Total gross book value		455,897			1,282,606			400,519			2,139,022			-80,852			2,058,170
	Accumulated depreciation/amortization		-			-178,076			-276,988			-455,064			25,915			-429,149
	Total net book value	$	455,897		$	1,104,530		$	123,531		$	1,683,958		$	-54,937		$	1,629,021
	As of December 31, 2014:
	Office (2)	$	238,505		$	818,659		$	359,057		$	1,416,221		$	-21,535		$	1,394,686
	Industrial		25,502			193,878			48,421			267,801			-41,011			226,790
	Retail		237,605			464,479			86,820			788,904			-62,292			726,612
	Total gross book value		501,612			1,477,016			494,298			2,472,926			-124,838			2,348,088
	Accumulated depreciation/amortization		-			-204,165			-319,081			-523,246			38,595			-484,651
	Total net book value	$	501,612		$	1,272,851		$	175,217		$	1,949,680		$	-86,243		$	1,863,437
		-1		Includes $5.1 million in land, $8.0 million in building and improvements, $548,000 in intangible lease assets, and $196,000 in intangible lease liabilities, before accumulated depreciation on assets of $2.5 million and accumulated amortization of intangible lease liabilities of $99,000, related to a retail property classified as held for sale in the accompanying balance sheet as of March 31, 2015.
		-2		Includes $4.1 million in land, $19.3 million in building and improvements, and $7.0 million in intangible lease assets before accumulated depreciation of $10.2 million, related to an office property classified as held for sale in the accompanying balance sheet as of December 31, 2014.
	Acquisitions
	The following table summarizes our acquisitions of real properties during the three months ended March 31, 2015 (dollar amounts and square footage in thousands):
	Real Property	Market	Property Type	Number of Properties	Date of Acquisition	Acquired			Acquisition Price	Net Rentable Square Feet	Percent Leased
						Ownership
	South Cape	Greater Boston (1)	Retail	1	18-Mar-15	100%		$	35,450	143	92%
	Rialto	Austin, TX	Office	1	15-Jan-15	100%			37,300	155	94%
	Total 2015 real property acquisitions			2				$	72,750	298	93%
	(1)Our Greater Boston market comprises the greater metro area around Boston, MA. As of March 31, 2015, properties in our Greater Boston market are located in the following states: Massachusetts, Connecticut, New Hampshire, and Rhode Island.
	The following table summarizes the allocation of the fair value of our acquired real properties during the three months ended March 31, 2015 (dollar amounts in thousands):
																				Weighted-average Amortization Period (Years)
	Real Property			Land			Building and Improvements			Intangible Lease Assets			Intangible Lease Liabilities			Prorations and Credits			Total Fair Value	Intangible Lease Assets	Intangible Lease Liabilities
	South Cape		$	9,936		$	22,877		$	4,675		$	-2,038		$	-		$	35,450	7.9	23.8
	Rialto			5,094			26,740			5,751			-447			162			37,300	5.2	2.7
	Total 2015 real property acquisitions		$	15,030		$	49,617		$	10,426		$	-2,485		$	162		$	72,750	6.4	20.0
	For the three months ended March 31, 2015, our consolidated statements of income include aggregate revenue and net operating income (“NOI”) attributable to Rialto and South Cape as shown in the table below (amounts in thousands):
			For the Three Months Ended March 31, 2015
			Revenue			NOI (1)
	Real Property
	South Cape		$	236		$	221
	Rialto			897			516
	Total		$	1,133		$	737
		-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
	On March 11, 2015, we completed the sale of a portfolio of twelve wholly owned office and industrial properties comprising approximately 2.7 million net rentable square feet (the “Portfolio”) to an unrelated third party, for a gross sales price of approximately $398.6 million. We incurred closing costs and fees of approximately $7.8 million upon the closing of this transaction, including approximately $4.0 million in advisory fees related to the disposition of real property paid to our Advisor. See Note 5 for information regarding financing related to the disposition of the Portfolio.
	During the three months ended March 31, 2015, we disposed of or classified as held for sale the following properties (dollar amounts and square footage in thousands):
	Type of Property	Market	DPF Ownership	Building Square Feet	Disposition Date	Contract Sales Price		Gain on Sale
	2015 Dispositions
	Office and Industrial Portfolio (1)	Various (1)	100.00%	2,669	11-Mar-15	$	398,635	$	105,542
	Office	Dallas, TX	100.00%	177	16-Jan-15		46,600		23,125
				2,846		$	445,235	$	128,667
	Assets held for sale
	Retail	Pittsburgh, PA	100.00%	103
	(1)The Portfolio includes (i) six office properties comprising 1.1 million net rentable square feet located in the following markets: Los Angeles, CA (three properties, of which one disposed property was a single building from a two-building office property), Northern New Jersey, Miami, FL, and Dallas, TX, and (ii) six industrial properties comprising 1.6 million net rentable square feet located in the following markets: Los Angeles, CA, Dallas, TX, Cleveland, OH, Chicago, IL, Houston, TX, and Denver, CO.
	For the three months ended March 31, 2015 and March 31, 2014, our consolidated statements of income include $6.3 million and $8.3 million of aggregate revenue, respectively, and $6.1 million and $8.2 million of NOI, respectively, attributable to the Portfolio.
	Assets Held for Sale
	As of March 31, 2015, we had agreed to dispose of a retail property to an unrelated third party. Accordingly, the assets and liabilities related to this property are classified as held for sale in the accompanying balance sheet as of March 31, 2015. We sold this property on May 5, 2015. See Note 11 for information regarding the sale. As of December 31, 2014, we had agreed to dispose of an office property to an unrelated third party. Accordingly, the assets and liabilities related to this property are classified as held for sale in the accompanying balance sheet as of December 31, 2014. We sold the property on January 16, 2015. The following table summarizes the carrying amounts of the major classes of assets and liabilities classified as held for sale as of March 31, 2015 and December 31, 2014 (amounts in thousands):
			As of March 31, 2015			As of December 31, 2014
	Land		$	5,131		$	4,075
	Building and improvements			7,989			19,337
	Intangible lease assets			548			7,005
	Accumulated depreciation			-2,532			-10,163
	Other assets, net			819			1,673
	Assets held for sale		$	11,955		$	21,927
	Intangible lease liabilities, net		$	96		$	-
	Other liabilities			170			1,880
Liabilities related to assets held for sale		$	266		$	1,880
Real Property Impairment
During the three months ended March 31, 2015, we recorded a $1.4 million impairment related to one of our wholly-owned retail properties in the Pittsburgh, PA market, which was classified as held for sale as of March 31, 2015. As of March 31, 2015, the net book value of this retail property exceeded our estimate of the fair value of the property less the cost to sell by $1.4 million. Accordingly, we recorded an impairment to reduce the net book value of the property to our estimate of its fair value less the cost to sell.
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 months ended March 31, 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 pursuant to Accounting Standards Update 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, issued by the FASB in April 2014. We did not have any discontinued operations for the three months ended March 31, 2015. The following table summarizes amounts recorded as discontinued operations for the three months ended March 31, 2014 (amounts in thousands):
		For the Three Months Ended March 31, 2014
Revenues		$	995
Rental expense			-367
Interest expense			-296
Other expenses			-20
Income from discontinued operations			312
Gain on disposition			29,545
Discontinued operations			29,857
Discontinued operations attributable to noncontrolling interests			-4,433
Discontinued operations attributable to common stockholders		$	25,424
The following table summarizes capital expenditures and significant operating and investing noncash items related to our discontinued operations for the three months ended March 31, 2014 (amounts in thousands):
		For the Three Months Ended March 31, 2014
Capital expenditures		$	-
Noncash items:
Straight-line rent adjustments			-41
Non-cash disposition of real property			80,361
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 months ended March 31, 2015 and 2014. In addition, the following table summarizes 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 March 31,
		2015			2014
Straight-line rent adjustments		$	-356		$	1,305
Above-market lease assets			-1,360			-1,724
Below-market lease liabilities			1,713			1,832
Total (decrease) increase to rental revenue		$	-3		$	1,413
Tenant recovery income (1)		$	10,165		$	8,202
(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 $2.6 million and $3.2 million during the three months ended March 31, 2015 and 2014, respectively.
Concentration of Credit Risk
Concentration of credit risk with respect to accounts receivable currently exists due to a number of tenants whose rental payments to us make up a relatively high percentage of our rental revenue. The following is a summary, as of March 31, 2015, of the top five tenants as a percentage of consolidated annual base rent and square feet (dollar amounts and square feet in thousands):
Tenant		Locations		Industry		Annualized			% of Total Annualized Rental Revenue			Square		% of Total Portfolio Square Feet
						Rental						Feet
						Revenue (1)
Charles Schwab & Co, Inc		1		Securities, Commodities, Fin. Inv./Rel. Activities		$	22,992			13.7%		594		7.1%
Sybase		1		Publishing Information			17,971			10.7%		405		4.9%
				(except Internet)
Northrop Grumman		1		Professional, Scientific and Technical Services			15,584			9.3%		575		6.9%
Stop & Shop		15		Food and Beverage Stores			14,187			8.4%		882		10.6%
Novo Nordisk		1		Chemical Manufacturing			4,444			2.6%		167		2.0%
		19				$	75,178			44.7%		2,623		31.5%
	-1		Annualized base rent represents the annualized monthly base rent of executed leases as of March 31, 2015.
Rental revenue from our lease with Charles Schwab & Co., Inc., as master tenant of one of our office properties, represented approximately $6.5 million, or 10.4%, of our total revenue for the three months ended March 31, 2015. Our properties in Massachusetts, New Jersey, California, and Virginia accounted for approximately 21%,  17%,  16%, and 10%, respectively, of our total gross investment in real property portfolio as of March 31, 2015. A deterioration of general economic or other relevant conditions, changes in governmental laws and regulations, acts of nature, demographics or other factors in any of those states or the geographical region in which they are located could result in the loss of a tenant, a decrease in the demand for our properties and a decrease in our revenues from those markets, which in turn may have a disproportionate and material adverse effect on our results of operations and financial condition.

Debt_Related_Investments

Debt Related Investments	3 Months Ended
	Mar. 31, 2015
Debt Related Investments [Abstract]
Debt Related Investments	4. DEBT RELATED INVESTMENTS
	As of March 31, 2015 and December 31, 2014, we had invested in 10 and 11 debt related investments, respectively. The weighted average maturity of our debt related investments as of March 31, 2015 was 1.6 years, based on our recorded net investments. The following table describes our debt related income for the three months ended March 31, 2015 and 2014 (dollar amounts in thousands):
		For the Three Months Ended				Weighted Average Yield as of
		March 31,
	Investment Type	2015		2014		March 31, 2015 (1)
	Mortgage notes (2)	$	2,413	$	1,351	5.10%
	Mezzanine debt		790		662	16.70%
	Total	$	3,203	$	2,013	7.70%
	(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 March 31, 2015. Yields for LIBOR-based, floating-rate investments have been calculated using the one-month LIBOR rate as of March 31, 2015 for purposes of this table. As of March 31, 2015, we had one debt related investment structured as a mortgage note 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.
	(2)We had one and three debt related investments repaid in full during the three months ended March 31, 2015 and 2014, respectively. During the three months ended March 31, 2015 and 2014, 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 three months ended March 31, 2015, we received full repayment of one debt related investment, which was structured as a mortgage note. We received cash proceeds from the repayment of approximately $5.4 million, which comprised principal repayment of $7.7 million and an early repayment fee of $1.1 million, partially offset by the repayment of borrowings secured by this and other debt related investments of approximately $3.4 million.
	Impairment
	We review each of our debt related investments 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 March 31, 2015 and December 31, 2014. 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 months ended March 31, 2015.
	We had one B-note debt related investment on non-accrual status as of both March 31, 2015 and December 31, 2014. 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. All of our debt related investments that were past due 90 days or more were on non-accrual status as of March 31, 2015 and December 31, 2014.
	As of both March 31, 2015 and December 31, 2014, 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
		31-Mar-15		31-Dec-14
	Debt related investments	$	90,901	$	97,951
	Less: Allowance for loan losses		-3,000		-3,000
	Total	$	87,901	$	94,951
	Our impaired debt related investment is a subordinate debt related investment. As of both March 31, 2015 and December 31, 2014, 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 March 31, 2015 and December 31, 2014, we did not have any impaired loans for which we have not recorded an allowance for loan loss.
	We did not record any interest income related to our impaired debt related investment during the three months ended March 31, 2015 or 2014.

Debt_Obligations

Debt Obligations	3 Months Ended
	Mar. 31, 2015
Debt Obligations [Abstract]
Debt Obligations	5. DEBT OBLIGATIONS
	The following table describes our borrowings as of March 31, 2015 and December 31, 2014 (dollar amounts in thousands):
		Weighted Average Stated Interest Rate as of				Outstanding Balance as of (1)						Gross Investment Amount Securing Borrowings as of (2)
		March 31,		December 31,		March 31,			December 31,			March 31,			December 31,
		2015		2014		2015			2014			2015			2014
	Fixed-rate mortgages	5.90%		5.80%		$	610,581		$	807,994		$	1,198,881		$	1,625,637
	Floating-rate mortgages (3)	3.20%		3.20%			8,160			8,250			16,125			16,118
	Total mortgage notes	5.80%		5.80%			618,741			816,244			1,215,006			1,641,755
	Repurchase facilities (4) (5)	2.80%		2.80%			33,386			37,023			43,365			51,156
	Total secured borrowings	5.70%		5.60%			652,127			853,267			1,258,371			1,692,911
	Line of credit (5) (6)	2.20%		2.60%			81,000			75,000			N/A			N/A
	Term loan (5) (7)	1.90%		2.70%			100,000			270,000			N/A			N/A
	Total unsecured borrowings	2.00%		2.70%			181,000			345,000			N/A			N/A
	Total borrowings	4.90%		4.80%		$	833,127		$	1,198,267		$	1,258,371		$	1,692,911
	(1)Amounts are presented on a GAAP basis and are net of (i) unamortized premiums to the face value of our outstanding fixed-rate mortgages of $1.7 million and $2.0 million as of March 31, 2015 and December 31, 2014, respectively, and (ii) GAAP principal amortization related to troubled debt restructurings of $2.5 million and $2.3 million as of March 31, 2015 and December 31, 2014, 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 March 31, 2015 and December 31, 2014, our floating rate mortgage note was subject to an interest rate spread of 3.00% over one-month LIBOR.
	(4)As of March 31, 2015 and December 31, 2014, 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 March 31, 2015, we had entered into interest rate swap agreements with total notional of $334.7 million which we entered into to fix the LIBOR component of the interest rate of our repurchase facilities and unsecured borrowings. Of these swaps, $200.0 million mature in December 2016 and fix the LIBOR rate at 0.64%,  $34.7 million mature in May 2017 and fix the LIBOR rate at 0.59%, and $100.0 million mature in January 2022 and fix the LIBOR rate at 1.96%. We are obligated to pay our counterparties under these swap agreements regardless of the level of the related borrowings.
	(6)As of March 31, 2015 and December 31, 2014, borrowings under our line of credit were subject to interest at a floating rate of 1.40% and 1.75%, respectively, over one-month LIBOR. However, as of March 31, 2015, we had effectively fixed the interest rate of the total borrowings using interest rate swaps at 2.16%. As of December 31, 2014, we had effectively fixed the interest rate of approximately $30.0 million of the total of $75.0 million in borrowings using interest rate swaps at 3.60%, resulting in a weighted average interest rate on the total line of credit of 2.56%.
	(7)As of March 31, 2015 and December 31, 2014, borrowings under our term loan were subject to interest at a floating rate of 1.35% and 1.70%, respectively, over one-month LIBOR. However, we had effectively fixed the interest rate of the total borrowings using interest rate swaps at 1.86% and 2.69% as of March 31, 2015 and December 31, 2014, respectively.
	As of March 31, 2015, nine mortgage notes were interest-only and 15 mortgage notes were fully amortizing with outstanding principal balances of approximately $273.8 million and $345.7 million, respectively. None of our mortgage notes are recourse to us.
	Assumption and Defeasance of Mortgage Note
	As discussed in Note 3, we completed the sale of the Portfolio on March 11, 2015. Upon the disposition of the Portfolio, the buyer assumed approximately $128.0 million of a mortgage note borrowing, which is scheduled to mature in July 2020 and bears interest at 5.46%. In addition, we were released of our obligations on $44.8 million of the mortgage note borrowing that was not assumed by the buyer through a defeasance process. Accordingly, we incurred defeasance costs of approximately $8.6 million, which are included within gain on sale of real property in the accompanying statements of income. Upon such defeasance, we derecognized the associated borrowing, which was assumed by an unrelated successor borrower.
	Recast of Credit Facility
	On January 13, 2015, we amended and restated our $620 million senior unsecured term loan and revolving line of credit (the “Old Facility”) to provide for a $550 million senior unsecured term loan and revolving line of credit (the “Amended Facility”) with a syndicate of 14 lenders led by Bank of America, N.A., as Administrative Agent. The Amended Facility provides us with the ability from time to time to increase the size of the Amended Facility up to a total of $900 million less the amount of any prepayments under the term loan component of the Amended Facility, subject to receipt of lender commitments and other conditions. Because many members of the lending group participated as lenders in the Old Facility, the credit agreement for the Amended Facility is an amended and restated form of the credit agreement for the Old Facility.
	The $550 million Amended Facility consists of a $400 million revolving credit facility (the “Revolving Credit Facility”) and a $150 million term loan (the “$150 Million Term Loan”). The Revolving Credit Facility contains a sublimit of $50 million for letters of credit and a sublimit of $50 million for swing line loans. The primary interest rate for the Revolving Credit Facility is based on LIBOR, plus a margin ranging from 1.40% to 2.30%, depending on our consolidated leverage ratio. The maturity date of the Revolving Credit Facility is January 31, 2019 and contains one 12-month extension option that we may exercise upon (i) payment of an extension fee equal to 0.15% of the sum of the amount outstanding under the Revolving Credit Facility and the unused portion of the Revolving Credit Facility at the time of the extension, and (ii) compliance with the other conditions set forth in the credit agreement. The primary interest rate within the $150 Million Term Loan is based on LIBOR, plus a margin ranging from 1.35% to 2.20%, depending on our consolidated leverage ratio. The maturity date of the $150 Million Term Loan is January 31, 2018 and contains two 12-month extension options that we may exercise upon (i) payment of an extension fee equal to 0.125% of the sum of the amount outstanding under the $150 Million Term Loan at the time of each extension, and (ii) compliance with the other conditions set forth in the credit agreement.
	Borrowings under the Amended Facility are available for general business purposes including, but not limited to, refinancing of existing indebtedness and financing the acquisition of permitted investments, including commercial properties. Upon entering into the Amended Facility on January 13, 2015, we borrowed $280 million on the Revolving Credit Facility and $100 million on the $150 Million Term Loan. We primarily used the proceeds from the Amended Facility to repay $380 million of outstanding borrowings under the Old Facility. Pursuant to the terms of the $150 Million Term Loan component of the Amended Facility, we may draw up to the maximum of $150.0 million on or before July 11, 2015.
	We accounted for the amendment and restatement of the Old Facility as a modification of debt, and recognized approximately $896,000 within loss on extinguishment of debt and financing commitments during the three months ended March 31, 2015, primarily resulting from the write-off of a portion of the deferred financing costs incurred in connection with the issuance of the Old Facility.
	Term Loan Credit Agreement
	On February 27, 2015, we entered into a $200 million seven-year term loan credit agreement (the “$200 Million Term Loan”) with a syndicate of six lenders led by Wells Fargo Bank, National Association as Administrative Agent and Regions Bank as Syndication Agent. The primary interest rate within the $200 Million Term Loan is based on LIBOR, plus a margin ranging from 1.65% to 2.55%, depending on our consolidated leverage ratio. The maturity date of the $200 Million Term Loan is February 27, 2022 with no extension options.
	Borrowings under the $200 Million Term Loan are available for general business purposes including, but not limited to financing the acquisition of permitted investments, including commercial properties. Pursuant to the terms of the $200 Million Term Loan, we may draw up to the maximum $200.0 million on or before August 26, 2015.
	As of March 31, 2015, we had outstanding borrowings of $100.0 million and $81.0 million under the $150 Million Term Loan and the Revolving Credit Facility components of our Amended Facility, respectively. We did not draw any funds under the $200 Million Term Loan during the three months ended March 31, 2015. As of March 31, 2015, the unused portion of our Amended Facility and our $200 Million Term Loan collectively was approximately $566.8 million, of which approximately $434.0 million was available due to covenant constraints. As of December 31, 2014, we had outstanding borrowings of $270.0 million and $75.0 million under the term loan and revolving credit facility components of the Old Facility, respectively, and $189.4 million was available for us to borrow under the revolving credit facility component of the Old Facility.
	The following table reflects our contractual debt maturities as of March 31, 2015, specifically our obligations under secured borrowings and unsecured borrowings (dollar amounts in thousands):
			As of March 31, 2015
			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 Principal Balance (2)
	2015		4		$	104,701		-		$	-		$	104,701
	2016		12			326,548		-			-			326,548
	2017		6			206,333		-			-			206,333
	2018		-			1,419		1			100,000			101,419
	2019		-			1,509		1			81,000			82,509
	2020		-			1,605		-			-			1,605
	2021		-			1,707		-			-			1,707
	2022		1			1,663		-			-			1,663
	2023		-			978		-			-			978
	2024		-			1,034		-			-			1,034
	Thereafter		2			5,397		-			-			5,397
	Total		25		$	652,894		2		$	181,000		$	833,894
	(1)Unsecured borrowings presented include (i) borrowings under the $150 Million Term Loan of $100.0 million, which were scheduled to mature in 2018, subject to two one-year extension options, and (ii) borrowings under the Revolving Credit Facility of $81.0 million, which were scheduled to mature in 2019, subject to a one-year extension option.
	(2)Outstanding balance represents expected cash outflows for contractual amortization and scheduled balloon payment maturities and does not include the GAAP principal amortization of our restructured mortgage note of approximately $2.5 million that does not reduce the contractual amount due of the related mortgage note as of March 31, 2015, partially offset by the mark-to-market premium on assumed debt of $1.7 million as of March 31, 2015.

Derivatives_And_Hedging_Activi

Derivatives And Hedging Activities	3 Months Ended
	Mar. 31, 2015
Derivatives And Hedging Activities [Abstract]
Derivatives And Hedging Activities	6. DERIVATIVES AND 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. 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 $2.2 million will be reclassified as an increase to interest expense related to active effective hedges of existing floating-rate debt. 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, 2014 and March 31, 2015, 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, 2014:				$	-9,069		$	-1,051	$	-10,120
		Other comprehensive income:
		Amortization of OCI into interest expense (effective portion) (net of tax benefit of $0)				1,164			-		1,164
		Change in fair value recognized in OCI (effective portion) (net of tax benefit of $0)				-2,971			-		-2,971
		Net current-period other comprehensive income				-1,807			-		-1,807
		Attribution of and other adjustments to OCI attributable to noncontrolling interests				119			-		119
	Ending balance as of March 31, 2015				$	-10,757		$	-1,051	$	-11,808
	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 March 31, 2015 and December 31, 2014 (amounts in thousands):
					Fair Value of Asset Derivatives as of							Fair Value of Liability Derivatives as of
			Balance Sheet		March 31,			December 31,		Balance Sheet		March 31,		December 31,
			Location		2015			2014		Location		2015		2014
	Derivatives designated as hedging instruments under ASC Topic 815
	Interest rate contracts		Other assets, net (1)		$	131		$	543	Other liabilities (1)		$	-2,755	$	-907
	Total derivatives				$	131		$	543			$	-2,755	$	-907
	(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 March 31, 2015, 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 March 31, 2015 and December 31, 2014, we had 11 outstanding interest rate swaps that were designated as cash flow hedges of interest rate risk, with a total notional amount of $334.7 million and $339.2 million, respectively.
	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 March 31, 2015 and December 31, 2014, we did not have any outstanding derivatives that were not designated as hedges.
	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 months ended March 31, 2015 and 2014 (amounts in thousands):
			For the Three Months Ended March 31,
			2015			2014
	Derivatives Designated as Hedging Instruments
	Derivative type			Interest rate contracts			Interest rate contracts
	Amount of loss recognized in OCI (effective portion)		$	-2,971		$	-428
	Location of loss reclassified from accumulated OCI into income (effective portion)			Interest expense			Interest expense
	Amount of loss reclassified from accumulated OCI into income (effective portion)		$	1,164		$	749
	Location of loss recognized in income (ineffective portion and amount excluded from effectiveness testing)			Interest and other income (expense)			N/A
	Amount of loss recognized in income (ineffective portion and amount excluded from effectiveness testing)		$	-11		$	-

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2015
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.
	We use the framework established in ASC Topic 820 to measure the fair value of our financial instruments as disclosed in the table below. The fair values estimated below are indicative of certain interest rate and other assumptions as of March 31, 2015 and December 31, 2014, 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 March 31, 2015 and December 31, 2014 were as follows (amounts in thousands):
		As of March 31, 2015				As of December 31, 2014
			Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
	Assets:
	Investments in real estate securities	$	200	$	200	$	200	$	200
	Fixed-rate debt related investments, net		62,876		63,893		69,889		71,770
	Floating-rate debt related investments, net		25,025		25,085		25,062		25,157
	Derivative instruments		131		131		543		543
	Liabilities:
	Fixed-rate mortgage notes	$	610,581	$	627,841	$	807,994	$	848,045
	Floating-rate mortgage notes		8,160		8,176		8,250		8,249
	Floating-rate other secured borrowings		33,386		33,399		37,023		37,023
	Floating-rate unsecured borrowings		181,000		181,000		345,000		347,235
	Derivative liabilities		2,755		2,755		907		907
	The methodologies used and key assumptions made to estimate fair values of the financial instruments, other than derivatives disclosed in Note 6, 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	3 Months Ended
	Mar. 31, 2015
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 provides that from time to time we may pay 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 in the primary portion of the Offering, provided that the total gross proceeds raised with respect to which the primary dealer fee will apply may not exceed $300,000,000. Pursuant to this amendment, the Dealer Manager retains 0.5% of such gross proceeds and reallows 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 is considered underwriting compensation (as defined in accordance with, and subject to the underwriting compensation limits of, applicable FINRA rules).
	On March 26, 2015, we notified the Dealer Manager that we would pay a primary dealer fee in the amount of up to 5.0% of the gross proceeds raised from the sale of Class I shares in the primary portion of the Offering from March 26, 2015 through June 19, 2015 (the “Third Managed Offering Term”), but only with respect to sales made by participating broker-dealers specifically approved by us as being eligible (“Primary Dealers”). We have approved four participating broker-dealers as being eligible to participate, generally through selected dealer agreements entered into between the Primary Dealers and the Dealer Manager. In addition, we, the Dealer Manager and the Advisor entered into a new selected dealer agreement (the “Third Managed Offering Selected Dealer Agreement”) with one of the four approved Primary Dealers, Raymond James & Associates, Inc. (“Raymond James”), pursuant to which Raymond James will use its best efforts to sell Class I shares in transactions entitling it to primary dealer fees during the Third Managed Offering Term. Pursuant to this agreement, Raymond James may sell Class I shares in the primary portion of the Offering up to $50 million in total gross proceeds, provided that we may unilaterally elect to increase the limit up to $100 million. During the Third Managed Offering Term, we may allow other participating broker-dealers to join as Primary Dealers eligible to receive primary dealer fees.
	As of March 31, 2015 and December 31, 2014, we owed approximately $1.5 million and $1.9 million to our Advisor and affiliates of our Advisor for such services and reimbursement of certain expenses, respectively. 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.
	Restricted Stock Unit Agreements
	We have entered into Restricted Stock Unit Agreements (the “Advisor RSU Agreements”) with our Advisor. The purposes of the Advisor RSU Agreements are to promote an alignment of interests among our stockholders, the Advisor and the personnel of our Advisor and its affiliates, and to promote retention of the personnel of our Advisor and its affiliates. Pursuant to the terms of the Advisor RSU Agreements, we have granted 594,328 restricted stock units (“Company RSUs”) to the Advisor that remain unvested and unsettled as of March 31, 2015. Each Company RSU will, upon vesting, be settled in one share of our Class I common stock. The Company RSUs are subject to specified vesting and settlement provisions and, upon settlement in Class I shares of Company common stock, require offsets of advisory fees and expenses otherwise payable from the Company to the Advisor based on a value of the NAV per Class I share on the grant date of the applicable Company RSU (the weighted average grant-date NAV per Class I share with respect to the unsettled Company RSUs is $7.05 as of March 31, 2015). As of March 31, 2015, the Advisor did not have any shares of Class I common stock issued upon settlement of Company RSUs that remained subject to fee offset.
	Vesting and Payment Offset
	The chart below shows the grant dates, vesting dates and Class I NAV on the grant dates of the unvested Company RSUs as of March 31, 2015.
	Award	Grant Date		Vesting Dates		Number of Unvested Shares	Applicable Grant Date NAV per Share
	Company RSU	7-Apr-14		April 15, 2014, April 15, 2015,		370,181	$	6.96
				April 15, 2016, April 15, 2017
	Company RSU	25-Feb-15		April 15, 2015, April 15, 2016,		88,788		7.18
				15-Apr-17
	Company RSU	25-Feb-15		15-Apr-18		135,359		7.18
						594,328	$	7.05
	On each vesting date, an offset amount will be calculated and deducted on a pro rata basis over the next 12 months from the cash payments otherwise due and payable to the Advisor under our then-current Advisory Agreement for any fees or expense reimbursements.  Each offset amount will equal the number of Company RSUs vesting on such date multiplied by the grant-date NAV per Class I share.  For each Company RSU, the offset amount will always be calculated based on the grant-date NAV per Class I share, even beyond the initial grant and vesting dates.  At the end of each 12-month period following each vesting date, if the offset amount has not been fully realized by offsets from the cash payments otherwise due and payable to the Advisor under the Advisory Agreement, the Advisor will promptly pay any shortfall to us.
	Termination
	The Advisor RSU Agreements will automatically terminate upon termination or non-renewal of the Advisory Agreement by any party for any reason. In addition, upon a change in control of us, then either the Advisor or we may immediately terminate the Advisor RSU Agreements. Further, the Advisor may immediately terminate the Advisor RSU Agreements if we exercise certain rights under the Advisor RSU Agreements to replace the Company RSUs with another form of compensation.
	Upon termination of the Advisor RSU Agreements, the Advisor will promptly pay any unused offset amounts to us or, at the Advisor’s election, return Class I shares in equal value based on the Class I NAV as of the date of termination of the Advisor RSU Agreements. In addition, upon termination of the Advisor RSU Agreements, all unvested Company RSUs will be forfeited except that, unless the Advisor RSU Agreements were terminated at the election of the Advisor following a change in control of us or as a result of a premature termination of the Advisory Agreement at our election for cause (as defined in the Advisory Agreement) or upon the bankruptcy of the Advisor, then following such forfeiture of Company RSUs, the Advisor will have the right to acquire from us the number of Class I shares equal to the number of Company RSUs forfeited, in return for a purchase price equal to such number of Class I shares multiplied by the grant-date NAV per Class I share. The Advisor must notify us of its election to exercise the foregoing acquisition right within 30 days following the termination of the Advisor RSU Agreements, and the parties will close the transaction within 60 days following the termination of the Advisor RSU Agreements.
	Dividend Equivalent Payments
	If our board of directors declares and we pay a cash dividend on Class I shares for any period in which the Company RSUs are outstanding (regardless of whether such Company RSUs are then vested), the Advisor will be entitled to dividend equivalents with respect to that cash dividend equal to the cash dividends that would have been payable on the same number of Class I shares as the number of Company RSUs subject to the Advisor RSU Agreements had such Class I shares been outstanding during the same portion of such period as the Company RSUs were unpaid and outstanding. Any such dividend equivalents may be paid in cash or Class I shares, at the Advisor’s election.
	Summary of Fees and Other Amounts
	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 months ended March 31, 2015 and 2014 (amounts in thousands):
		For the Three Months Ended March 31,
		2015			2014
	Advisory fees (1)	$	4,299		$	3,743
	Other reimbursements		2,297			2,159
	Advisory fees related to the disposition of real properties		4,452			1,908
	Development management fee		16			83
	Selling commissions, dealer manager, and distribution fees		68			77
	Total	$	11,132		$	7,970
	(1)Amounts reported for the three months ended March 31, 2015 include approximately $222,000 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 are recognized as Advisory fees expense over a one year period as an offset to amounts otherwise payable in cash.

Net_Income_Loss_Per_Common_Sha

Net Income (Loss) Per Common Share	3 Months Ended
	Mar. 31, 2015
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 per common share to the numerator and denominator used to calculate diluted net income per common share for the three months ended March 31, 2015 and 2014 are described in the following table (amounts in thousands, except per share information):
		For the Three Months Ended March 31,
	Numerator	2015		2014
	Income from continuing operations	$	132,201	$	2,131
	Income from continuing operations attributable to noncontrolling interests		-8,618		-117
	Income from continuing operations attributable to common stockholders		123,583		2,014
	Dilutive noncontrolling interests share of income from continuing operations		8,580		149
	Numerator for diluted earnings per share – adjusted income from continuing operations		132,163		2,163
	Income from discontinued operations		-		29,857
	Income from discontinued operations attributable to noncontrolling interests		-		-4,433
	Income from discontinued operations attributable to common stockholders		-		25,424
	Dilutive noncontrolling interests share of discontinued operations		-		1,886
	Numerator for diluted earnings per share – adjusted income from discontinued operations	$	-	$	27,310
	Denominator
	Weighted average shares outstanding-basic		179,317		176,873
	Incremental weighted average shares effect of conversion of OP units		12,449		13,120
	Weighted average shares outstanding-diluted		191,766		189,993
	INCOME PER COMMON SHARE-BASIC AND DILUTED
	Net income from continuing operations	$	0.69	$	0.01
	Net income from discontinued operations		0.00		0.14
	Net income	$	0.69	$	0.15

Segment_Information

Segment Information	3 Months Ended
	Mar. 31, 2015
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 months ended March 31, 2015 and 2014 (amounts in thousands):
			For the Three Months Ended March 31,
			Revenues				NOI
			2015		2014		2015		2014
	Real property (1)
	Office		$	35,482	$	34,202	$	26,574	$	25,323
	Industrial			4,351		5,814		3,752		4,986
	Retail			19,546		15,044		13,924		11,404
	Debt related investments			3,203		2,013		3,203		2,013
	Total		$	62,582	$	57,073	$	47,453	$	43,726
	(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 months ended March 31, 2015 and 2014 (amounts in thousands):
			For the Three Months Ended March 31,
			2015		2014
	Net operating income		$	47,453	$	43,726
	Real estate depreciation and amortization expense			-20,815		-22,350
	General and administrative expenses			-2,737		-2,819
	Advisory fees, related party			-4,299		-3,743
	Acquisition-related expenses			-423		-
	Impairment of real estate property			-1,400		-
	Interest and other income (expense)			632		-78
	Interest expense			-13,981		-16,168
	Loss on extinguishment of debt and financing commitments			-896		-63
	Gain on sale of real property			128,667		3,626
	Discontinued operations			-		29,857
	Net income attributable to noncontrolling interests			-8,618		-4,550
	Net income attributable to common stockholders		$	123,583	$	27,438
	The following table reflects our total assets by business segment as of March 31, 2015 and December 31, 2014 (amounts in thousands):
			As of
			31-Mar-15		31-Dec-14
	Segment assets:
	Net investments in real property
	Office (1)		$	938,498	$	1,089,838
	Industrial			61,456		207,655
	Retail (2)			684,003		652,187
	Debt related investments, net			87,901		94,951
	Total segment assets, net			1,771,858		2,044,631
	Non-segment assets:
	Cash and cash equivalents			10,226		14,461
	Other non-segment assets (3)			67,623		87,368
	Assets held for sale (4)			819		1,673
	Total assets		$	1,850,526	$	2,148,133
		-1		Includes approximately $20.3 million of net investments in real property related to an office property classified as held for sale in the accompanying balance sheet as of December 31, 2014.
		-2		Includes approximately $11.1 million of net investments in real property related to a retail property classified as held for sale in the accompanying balance sheet as of March 31, 2015.
		-3		Other non-segment assets primarily consist of corporate assets including restricted cash and receivables, including straight-line rent receivable.
		-4		Includes other assets and restricted cash related to properties classified as held for sale in the accompanying balance sheet as of March 31, 2015 and December 31, 2014, respectively.

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	11. SUBSEQUENT EVENTS
	We have evaluated subsequent events for the period from March 31, 2015, the date of these financial statements, through the date these financial statements are issued.
	Repayment of Mortgage Notes
	Subsequent to March 31, 2015, we repaid two mortgage note borrowings in full prior to their scheduled maturity. Our “Campus Road” mortgage note had a balance of approximately $33.5 million as of March 31, 2015, with an interest rate of 4.75% and a maturity date of July 10, 2015, and was secured by an office property in the Princeton, NJ market. Our “Mansfield” mortgage note had a balance of $8.3 million as of March 31, 2015, with an interest rate of 6.03% and a maturity date of October 1, 2015, and was secured by a retail property in the Greater Boston market. Both mortgage notes were repaid in full within the open prepayment period using proceeds from our Revolving Credit Facility.
	Acquisition of Real Property
	On April 24, 2015, we acquired a four-building office property in Austin, TX comprising approximately 274,000 net rentable square feet from an unaffiliated third party, for a gross purchase price of approximately $68.8 million. At acquisition, the property was approximately 99% leased to 25 tenants. We acquired the property using existing cash and proceeds from our Revolving Credit Facility.
	Disposition of Real Property
	On May 5, 2015, we disposed of a retail property in Pittsburgh, PA comprising approximately 103,000 net rentable square feet to an unaffiliated third party. We sold the property, which had a net investment basis of approximately $11.1 million as of March 31, 2015, for a total contract sales price of $12.5 million.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policy)	3 Months Ended
	Mar. 31, 2015
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 income,” “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, 2014, filed with the Commission on March 3, 2015. There have been no significant changes to the Company's significant accounting policies during the three months ended March 31, 2015 other than the updates described below.
Reclassifications	Reclassifications
	Certain amounts included in the accompanying financial statements for 2014 have been reclassified to conform to the 2015 financial statements presentation. Statements of income 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 April 2015, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update 2015-03 (“ASU 2015-03”), which simplifies the presentation of debt issuance costs in financial statements. The guidance requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs is not affected by this guidance. ASU 2015-03 is effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2015 and will require retrospective application. Early adoption is permitted for financial statements that have not been previously issued. We are currently evaluating the impact this guidance will have on our financial statements as well as the expected adoption method.

Investments_in_Real_Property_T

Investments in Real Property (Tables)	3 Months Ended
	Mar. 31, 2015
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 March 31, 2015:
	Office	$	199,384		$	732,021		$	292,588		$	1,223,993		$	-16,208		$	1,207,785
	Industrial		9,572			63,738			16,436			89,746			-344			89,402
	Retail (1)		246,941			486,847			91,495			825,283			-64,300			760,983
	Total gross book value		455,897			1,282,606			400,519			2,139,022			-80,852			2,058,170
	Accumulated depreciation/amortization		-			-178,076			-276,988			-455,064			25,915			-429,149
	Total net book value	$	455,897		$	1,104,530		$	123,531		$	1,683,958		$	-54,937		$	1,629,021
	As of December 31, 2014:
	Office (2)	$	238,505		$	818,659		$	359,057		$	1,416,221		$	-21,535		$	1,394,686
	Industrial		25,502			193,878			48,421			267,801			-41,011			226,790
	Retail		237,605			464,479			86,820			788,904			-62,292			726,612
	Total gross book value		501,612			1,477,016			494,298			2,472,926			-124,838			2,348,088
	Accumulated depreciation/amortization		-			-204,165			-319,081			-523,246			38,595			-484,651
	Total net book value	$	501,612		$	1,272,851		$	175,217		$	1,949,680		$	-86,243		$	1,863,437
		-1		Includes $5.1 million in land, $8.0 million in building and improvements, $548,000 in intangible lease assets, and $196,000 in intangible lease liabilities, before accumulated depreciation on assets of $2.5 million and accumulated amortization of intangible lease liabilities of $99,000, related to a retail property classified as held for sale in the accompanying balance sheet as of March 31, 2015.
		-2		Includes $4.1 million in land, $19.3 million in building and improvements, and $7.0 million in intangible lease assets before accumulated depreciation of $10.2 million, related to an office property classified as held for sale in the accompanying balance sheet as of December 31, 2014.
Schedule of Acquisitions of Real Property
	Real Property	Market	Property Type	Number of Properties	Date of Acquisition	Acquired			Acquisition Price	Net Rentable Square Feet	Percent Leased
						Ownership
	South Cape	Greater Boston (1)	Retail	1	18-Mar-15	100%		$	35,450	143	92%
	Rialto	Austin, TX	Office	1	15-Jan-15	100%			37,300	155	94%
	Total 2015 real property acquisitions			2				$	72,750	298	93%
	(1)Our Greater Boston market comprises the greater metro area around Boston, MA. As of March 31, 2015, properties in our Greater Boston market are located in the following states: Massachusetts, Connecticut, New Hampshire, and Rhode Island.
Schedule of Allocation of the Fair Value of Acquired Real Properties
																				Weighted-average Amortization Period (Years)
	Real Property			Land			Building and Improvements			Intangible Lease Assets			Intangible Lease Liabilities			Prorations and Credits			Total Fair Value	Intangible Lease Assets	Intangible Lease Liabilities
	South Cape		$	9,936		$	22,877		$	4,675		$	-2,038		$	-		$	35,450	7.9	23.8
	Rialto			5,094			26,740			5,751			-447			162			37,300	5.2	2.7
	Total 2015 real property acquisitions		$	15,030		$	49,617		$	10,426		$	-2,485		$	162		$	72,750	6.4	20.0
Schedule of Revenue and Net Operating Income of Properties Acquired During 2014
			For the Three Months Ended March 31, 2015
			Revenue			NOI (1)
	Real Property
	South Cape		$	236		$	221
	Rialto			897			516
	Total		$	1,133		$	737
		-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	Contract Sales Price		Gain on Sale
	2015 Dispositions
	Office and Industrial Portfolio (1)	Various (1)	100.00%	2,669	11-Mar-15	$	398,635	$	105,542
	Office	Dallas, TX	100.00%	177	16-Jan-15		46,600		23,125
				2,846		$	445,235	$	128,667
	Assets held for sale
	Retail	Pittsburgh, PA	100.00%	103
	(1)The Portfolio includes (i) six office properties comprising 1.1 million net rentable square feet located in the following markets: Los Angeles, CA (three properties, of which one disposed property was a single building from a two-building office property), Northern New Jersey, Miami, FL, and Dallas, TX, and (ii) six industrial properties comprising 1.6 million net rentable square feet located in the following markets: Los Angeles, CA, Dallas, TX, Cleveland, OH, Chicago, IL, Houston, TX, and Denver, CO.
Carrying Amounts of Major Classes of Assets and Liabilities Included in Discontinued Operations and Classified as Held for Sale
			As of March 31, 2015			As of December 31, 2014
	Land		$	5,131		$	4,075
	Building and improvements			7,989			19,337
	Intangible lease assets			548			7,005
	Accumulated depreciation			-2,532			-10,163
	Other assets, net			819			1,673
	Assets held for sale		$	11,955		$	21,927
	Intangible lease liabilities, net		$	96		$	-
	Other liabilities			170			1,880
	Liabilities related to assets held for sale		$	266		$	1,880
Schedule of Amounts Recorded as Discontinued Operations
			For the Three Months Ended March 31, 2014
	Revenues		$	995
	Rental expense			-367
	Interest expense			-296
	Other expenses			-20
	Income from discontinued operations			312
	Gain on disposition			29,545
	Discontinued operations			29,857
	Discontinued operations attributable to noncontrolling interests			-4,433
	Discontinued operations attributable to common stockholders		$	25,424
Capital Expenditures and Signficant Operating and Investing Noncash Items Related to Discontinued Operations
			For the Three Months Ended March 31, 2014
	Capital expenditures		$	-
	Noncash items:
	Straight-line rent adjustments			-41
	Non-cash disposition of real property			80,361
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 March 31,
			2015			2014
	Straight-line rent adjustments		$	-356		$	1,305
	Above-market lease assets			-1,360			-1,724
	Below-market lease liabilities			1,713			1,832
	Total (decrease) increase to rental revenue		$	-3		$	1,413
	Tenant recovery income (1)		$	10,165		$	8,202
	(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 $2.6 million and $3.2 million during the three months ended March 31, 2015 and 2014, respectively
Schedule of Top Five Tenants as Percentage of Consolidated Annual Base Rent and Square Feet
	Tenant		Locations		Industry		Annualized			% of Total Annualized Rental Revenue			Square		% of Total Portfolio Square Feet
							Rental						Feet
							Revenue (1)
	Charles Schwab & Co, Inc		1		Securities, Commodities, Fin. Inv./Rel. Activities		$	22,992			13.7%		594		7.1%
	Sybase		1		Publishing Information			17,971			10.7%		405		4.9%
					(except Internet)
	Northrop Grumman		1		Professional, Scientific and Technical Services			15,584			9.3%		575		6.9%
	Stop & Shop		15		Food and Beverage Stores			14,187			8.4%		882		10.6%
	Novo Nordisk		1		Chemical Manufacturing			4,444			2.6%		167		2.0%
			19				$	75,178			44.7%		2,623		31.5%
		-1		Annualized base rent represents the annualized monthly base rent of executed leases as of March 31, 2015.

Debt_Related_Investments_Table

Debt Related Investments (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Related Investments [Abstract]
Details of Debt Related Income
		For the Three Months Ended				Weighted Average Yield as of
		March 31,
	Investment Type	2015		2014		March 31, 2015 (1)
	Mortgage notes (2)	$	2,413	$	1,351	5.10%
	Mezzanine debt		790		662	16.70%
	Total	$	3,203	$	2,013	7.70%
	(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 March 31, 2015. Yields for LIBOR-based, floating-rate investments have been calculated using the one-month LIBOR rate as of March 31, 2015 for purposes of this table. As of March 31, 2015, we had one debt related investment structured as a mortgage note 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.
	(2)We had one and three debt related investments repaid in full during the three months ended March 31, 2015 and 2014, respectively. During the three months ended March 31, 2015 and 2014, 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
		31-Mar-15		31-Dec-14
	Debt related investments	$	90,901	$	97,951
	Less: Allowance for loan losses		-3,000		-3,000
	Total	$	87,901	$	94,951

Debt_Obligations_Tables

Debt Obligations (Tables)	3 Months Ended
	Mar. 31, 2015
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)
		March 31,		December 31,		March 31,			December 31,			March 31,			December 31,
		2015		2014		2015			2014			2015			2014
	Fixed-rate mortgages	5.90%		5.80%		$	610,581		$	807,994		$	1,198,881		$	1,625,637
	Floating-rate mortgages (3)	3.20%		3.20%			8,160			8,250			16,125			16,118
	Total mortgage notes	5.80%		5.80%			618,741			816,244			1,215,006			1,641,755
	Repurchase facilities (4) (5)	2.80%		2.80%			33,386			37,023			43,365			51,156
	Total secured borrowings	5.70%		5.60%			652,127			853,267			1,258,371			1,692,911
	Line of credit (5) (6)	2.20%		2.60%			81,000			75,000			N/A			N/A
	Term loan (5) (7)	1.90%		2.70%			100,000			270,000			N/A			N/A
	Total unsecured borrowings	2.00%		2.70%			181,000			345,000			N/A			N/A
	Total borrowings	4.90%		4.80%		$	833,127		$	1,198,267		$	1,258,371		$	1,692,911
	(1)Amounts are presented on a GAAP basis and are net of (i) unamortized premiums to the face value of our outstanding fixed-rate mortgages of $1.7 million and $2.0 million as of March 31, 2015 and December 31, 2014, respectively, and (ii) GAAP principal amortization related to troubled debt restructurings of $2.5 million and $2.3 million as of March 31, 2015 and December 31, 2014, 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 March 31, 2015 and December 31, 2014, our floating rate mortgage note was subject to an interest rate spread of 3.00% over one-month LIBOR.
	(4)As of March 31, 2015 and December 31, 2014, 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 March 31, 2015, we had entered into interest rate swap agreements with total notional of $334.7 million which we entered into to fix the LIBOR component of the interest rate of our repurchase facilities and unsecured borrowings. Of these swaps, $200.0 million mature in December 2016 and fix the LIBOR rate at 0.64%,  $34.7 million mature in May 2017 and fix the LIBOR rate at 0.59%, and $100.0 million mature in January 2022 and fix the LIBOR rate at 1.96%. We are obligated to pay our counterparties under these swap agreements regardless of the level of the related borrowings.
	(6)As of March 31, 2015 and December 31, 2014, borrowings under our line of credit were subject to interest at a floating rate of 1.40% and 1.75%, respectively, over one-month LIBOR. However, as of March 31, 2015, we had effectively fixed the interest rate of the total borrowings using interest rate swaps at 2.16%. As of December 31, 2014, we had effectively fixed the interest rate of approximately $30.0 million of the total of $75.0 million in borrowings using interest rate swaps at 3.60%, resulting in a weighted average interest rate on the total line of credit of 2.56%.
	(7)As of March 31, 2015 and December 31, 2014, borrowings under our term loan were subject to interest at a floating rate of 1.35% and 1.70%, respectively, over one-month LIBOR. However, we had effectively fixed the interest rate of the total borrowings using interest rate swaps at 1.86% and 2.69% as of March 31, 2015 and December 31, 2014, respectively.
Schedule of Borrowings Reflects Contractual Debt Maturities
			As of March 31, 2015
			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 Principal Balance (2)
	2015		4		$	104,701		-		$	-		$	104,701
	2016		12			326,548		-			-			326,548
	2017		6			206,333		-			-			206,333
	2018		-			1,419		1			100,000			101,419
	2019		-			1,509		1			81,000			82,509
	2020		-			1,605		-			-			1,605
	2021		-			1,707		-			-			1,707
	2022		1			1,663		-			-			1,663
	2023		-			978		-			-			978
	2024		-			1,034		-			-			1,034
	Thereafter		2			5,397		-			-			5,397
	Total		25		$	652,894		2		$	181,000		$	833,894
	(1)Unsecured borrowings presented include (i) borrowings under the $150 Million Term Loan of $100.0 million, which were scheduled to mature in 2018, subject to two one-year extension options, and (ii) borrowings under the Revolving Credit Facility of $81.0 million, which were scheduled to mature in 2019, subject to a one-year extension option.
	(2)Outstanding balance represents expected cash outflows for contractual amortization and scheduled balloon payment maturities and does not include the GAAP principal amortization of our restructured mortgage note of approximately $2.5 million that does not reduce the contractual amount due of the related mortgage note as of March 31, 2015, partially offset by the mark-to-market premium on assumed debt of $1.7 million as of March 31, 2015.

Derivatives_And_Hedging_Activi1

Derivatives And Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2015
Derivatives And 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, 2014:				$	-9,069		$	-1,051	$	-10,120
		Other comprehensive income:
		Amortization of OCI into interest expense (effective portion) (net of tax benefit of $0)				1,164			-		1,164
		Change in fair value recognized in OCI (effective portion) (net of tax benefit of $0)				-2,971			-		-2,971
		Net current-period other comprehensive income				-1,807			-		-1,807
		Attribution of and other adjustments to OCI attributable to noncontrolling interests				119			-		119
	Ending balance as of March 31, 2015				$	-10,757		$	-1,051	$	-11,808
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		March 31,			December 31,		Balance Sheet		March 31,		December 31,
			Location		2015			2014		Location		2015		2014
	Derivatives designated as hedging instruments under ASC Topic 815
	Interest rate contracts		Other assets, net (1)		$	131		$	543	Other liabilities (1)		$	-2,755	$	-907
	Total derivatives				$	131		$	543			$	-2,755	$	-907
	(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 March 31,
			2015			2014
	Derivatives Designated as Hedging Instruments
	Derivative type			Interest rate contracts			Interest rate contracts
	Amount of loss recognized in OCI (effective portion)		$	-2,971		$	-428
	Location of loss reclassified from accumulated OCI into income (effective portion)			Interest expense			Interest expense
	Amount of loss reclassified from accumulated OCI into income (effective portion)		$	1,164		$	749
	Location of loss recognized in income (ineffective portion and amount excluded from effectiveness testing)			Interest and other income (expense)			N/A
	Amount of loss recognized in income (ineffective portion and amount excluded from effectiveness testing)		$	-11		$	-

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value of Financial Instruments [Abstract]
Schedule of Carrying Amount and Fair Values of Other Financial Instruments
		As of March 31, 2015				As of December 31, 2014
			Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
	Assets:
	Investments in real estate securities	$	200	$	200	$	200	$	200
	Fixed-rate debt related investments, net		62,876		63,893		69,889		71,770
	Floating-rate debt related investments, net		25,025		25,085		25,062		25,157
	Derivative instruments		131		131		543		543
	Liabilities:
	Fixed-rate mortgage notes	$	610,581	$	627,841	$	807,994	$	848,045
	Floating-rate mortgage notes		8,160		8,176		8,250		8,249
	Floating-rate other secured borrowings		33,386		33,399		37,023		37,023
	Floating-rate unsecured borrowings		181,000		181,000		345,000		347,235
	Derivative liabilities		2,755		2,755		907		907

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Schedule Of RSU Grants
	Award	Grant Date		Vesting Dates		Number of Unvested Shares	Applicable Grant Date NAV per Share
	Company RSU	7-Apr-14		April 15, 2014, April 15, 2015,		370,181	$	6.96
				April 15, 2016, April 15, 2017
	Company RSU	25-Feb-15		April 15, 2015, April 15, 2016,		88,788		7.18
				15-Apr-17
	Company RSU	25-Feb-15		15-Apr-18		135,359		7.18
						594,328	$	7.05
Schedule of Fees and Other Amounts Earned by Advisor
		For the Three Months Ended March 31,
		2015			2014
	Advisory fees (1)	$	4,299		$	3,743
	Other reimbursements		2,297			2,159
	Advisory fees related to the disposition of real properties		4,452			1,908
	Development management fee		16			83
	Selling commissions, dealer manager, and distribution fees		68			77
	Total	$	11,132		$	7,970
	(1)Amounts reported for the three months ended March 31, 2015 include approximately $222,000 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 are recognized as Advisory fees expense over a one year period as an offset to amounts otherwise payable in cash.

Net_Income_Loss_Per_Common_Sha1

Net Income (Loss) Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2015
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 March 31,
	Numerator	2015		2014
	Income from continuing operations	$	132,201	$	2,131
	Income from continuing operations attributable to noncontrolling interests		-8,618		-117
	Income from continuing operations attributable to common stockholders		123,583		2,014
	Dilutive noncontrolling interests share of income from continuing operations		8,580		149
	Numerator for diluted earnings per share – adjusted income from continuing operations		132,163		2,163
	Income from discontinued operations		-		29,857
	Income from discontinued operations attributable to noncontrolling interests		-		-4,433
	Income from discontinued operations attributable to common stockholders		-		25,424
	Dilutive noncontrolling interests share of discontinued operations		-		1,886
	Numerator for diluted earnings per share – adjusted income from discontinued operations	$	-	$	27,310
	Denominator
	Weighted average shares outstanding-basic		179,317		176,873
	Incremental weighted average shares effect of conversion of OP units		12,449		13,120
	Weighted average shares outstanding-diluted		191,766		189,993
	INCOME PER COMMON SHARE-BASIC AND DILUTED
	Net income from continuing operations	$	0.69	$	0.01
	Net income from discontinued operations		0.00		0.14
	Net income	$	0.69	$	0.15

Segment_Information_Tables

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Information [Abstract]
Revenue and Components of Net Operating Income
			For the Three Months Ended March 31,
			Revenues				NOI
			2015		2014		2015		2014
	Real property (1)
	Office		$	35,482	$	34,202	$	26,574	$	25,323
	Industrial			4,351		5,814		3,752		4,986
	Retail			19,546		15,044		13,924		11,404
	Debt related investments			3,203		2,013		3,203		2,013
	Total		$	62,582	$	57,073	$	47,453	$	43,726
	(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 March 31,
			2015		2014
	Net operating income		$	47,453	$	43,726
	Real estate depreciation and amortization expense			-20,815		-22,350
	General and administrative expenses			-2,737		-2,819
	Advisory fees, related party			-4,299		-3,743
	Acquisition-related expenses			-423		-
	Impairment of real estate property			-1,400		-
	Interest and other income (expense)			632		-78
	Interest expense			-13,981		-16,168
	Loss on extinguishment of debt and financing commitments			-896		-63
	Gain on sale of real property			128,667		3,626
	Discontinued operations			-		29,857
	Net income attributable to noncontrolling interests			-8,618		-4,550
	Net income attributable to common stockholders		$	123,583	$	27,438
Summary of Total Assets by Business Segment
			As of
			31-Mar-15		31-Dec-14
	Segment assets:
	Net investments in real property
	Office (1)		$	938,498	$	1,089,838
	Industrial			61,456		207,655
	Retail (2)			684,003		652,187
	Debt related investments, net			87,901		94,951
	Total segment assets, net			1,771,858		2,044,631
	Non-segment assets:
	Cash and cash equivalents			10,226		14,461
	Other non-segment assets (3)			67,623		87,368
	Assets held for sale (4)			819		1,673
	Total assets		$	1,850,526	$	2,148,133
		-1		Includes approximately $20.3 million of net investments in real property related to an office property classified as held for sale in the accompanying balance sheet as of December 31, 2014.
		-2		Includes approximately $11.1 million of net investments in real property related to a retail property classified as held for sale in the accompanying balance sheet as of March 31, 2015.
		-3		Other non-segment assets primarily consist of corporate assets including restricted cash and receivables, including straight-line rent receivable.
		-4		Includes other assets and restricted cash related to properties classified as held for sale in the accompanying balance sheet as of March 31, 2015 and December 31, 2014, respectively.

Organization_Details

Organization (Details) (USD $)	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014	Dec. 31, 2014		Jul. 12, 2012
Organization [Line Items]
Percentage of proceeds received from public offerings of common stock contributed to our Operating Partnership	100.00%
Redemption value	$1,783,000	[1]		$1,784,000	[1]
Units issued	178,309,833			178,399,679	[1]
Units issued, price per share	$7.18
Net decrease in financing obligations	-6,011,000		-5,731,000
Proceeds from issuance, DRIP	5,262,000		5,238,000
Operating Partnership Units
Organization [Line Items]
Limited partnership interest owned in Operating Partnership	93.10%			93.60%
Units issued	1,000,000
Class E OP Units [Member]
Organization [Line Items]
Operating Partnership units issued	13,100,000			12,100,000
Operating Partnership units outstanding	13,100,000			12,100,000
Redemption value	95,900,000			87,000,000
NAV Offering [Member]
Organization [Line Items]
Maximum NAV share value total	2,883,200,000					3,000,000,000
Maximum NAV share value primary offering						2,250,000,000
Maximum share value, DRIP	748,200,000					750,000,000
Gross proceeds from sale of shares in the Offering	116,800,000
Shares issued	16,700,000
Proceeds from issuance, DRIP	1,800,000
Retail Property, Jacksonville, FL Market [Member]
Organization [Line Items]
Purchase of beneficial interests	783,000
Decrease in liabilities due to OP unit issuance	17,900,000
Increase in noncontrolling interest	16,200,000
Retail Property, Jacksonville, FL Market [Member] | Operating Partnership Units
Organization [Line Items]
Value of OP Units issued	$7,300,000
[1]	Includes 162,187,678 shares of Class E common stock, 1,218,841 shares of Class A common stock, 1,160,854 shares of Class W common stock, and 13,742,460 shares of Class I common stock issued and outstanding as of March 31, 2015, and 163,067,835 shares of Class E common stock, 1,187,215 shares of Class A common stock, 1,116,698 shares of Class W common stock, and 13,027,931 shares of Class I common stock issued and outstanding as of December 31, 2014.

Investments_in_Real_Property_N

Investments in Real Property (Narrative) (Details) (USD $)	0 Months Ended	3 Months Ended
	Mar. 11, 2015	Mar. 31, 2015		Mar. 31, 2014	Mar. 11, 2015	Dec. 31, 2014	Dec. 31, 2013
	property	sqft			sqft	property	property
	sqft	property
Real Estate Properties [Line Items]
Number of properties sold	12
Number of properties classified as held for sale						1	12
Impairment charges		$1,400,000
Rentable square feet	2,700,000	2,623,000			2,700,000
Gross sales price	398,600,000	445,235,000
Closing costs and fees	7,800,000
Rental revenue		59,379,000		55,060,000
Massachusetts
Real Estate Properties [Line Items]
Gross investments, real property portfolio percentage		21.00%
New Jersey
Real Estate Properties [Line Items]
Gross investments, real property portfolio percentage		17.00%
California
Real Estate Properties [Line Items]
Gross investments, real property portfolio percentage		16.00%
Virginia
Real Estate Properties [Line Items]
Gross investments, real property portfolio percentage		10.00%
Retail Property; Pittsburgh, PA Market [Member]
Real Estate Properties [Line Items]
Impairment charges		1,400,000
Gross sales price		1,400,000
Paid to Advisor
Real Estate Properties [Line Items]
Closing costs and fees	4,000,000
Charles Schwab and Company, Inc.
Real Estate Properties [Line Items]
Rentable square feet		594,000
Rental revenue		6,500,000
Concentration percentage		10.40%
Office and Industrial Portfolio; Various Markets [Member]
Real Estate Properties [Line Items]
Disposed portfolio, NOI		6,100,000		8,200,000
Gross sales price		398,635,000	[1]
Rental revenue		6,300,000		8,300,000
Office Property; Dallas, TX Market [Member]
Real Estate Properties [Line Items]
Gross sales price		$46,600,000
[1]	The Portfolio includes (i) six office properties comprising 1.1 million net rentable square feet located in the following markets: Los Angeles, CA (three properties, of which one disposed property was a single building from a two-building office property), Northern New Jersey, Miami, FL, and Dallas, TX, and (ii) six industrial properties comprising 1.6 million net rentable square feet located in the following markets: Los Angeles, CA, Dallas, TX, Cleveland, OH, Chicago, IL, Houston, TX, and Denver, CO.

Investments_In_Real_Property_C

Investments In Real Property (Consolidated Investments in Real Property) (Details) (USD $)	Mar. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
			property		property
Real Estate Properties [Line Items]
Investment in real property, Gross book value	$2,139,022,000		$2,472,926,000
Intangible lease liabilities, Gross book value	-80,852,000		-124,838,000
Real estate investments, Gross book value	2,058,170,000		2,348,088,000
Accumulated depreciation and amortization	-455,064,000		-523,246,000
Intangible lease liabilities, accumulated amortization	25,915,000		38,595,000
Accumulated depreciation/amortization	-429,149,000		-484,651,000
Investment in real property	1,683,958,000		1,949,680,000
Intangible lease liabilities, Net book value	-54,937,000		-86,243,000
Real estate investments, Net book value	1,629,021,000		1,863,437,000
Accumulated amortization of intangible lease liabilities	99,000
Land	5,131,000		4,075,000
Building and improvements	7,989,000		19,337,000
Intangible lease assets	548,000		7,005,000
Intangible lease liabilities, net	96,000
Accumulated depreciation	-2,532,000		-10,163,000
Number of properties classified as held for sale			1		12
Land
Real Estate Properties [Line Items]
Land	455,897,000		501,612,000
Building and Building Improvements
Real Estate Properties [Line Items]
Building and Improvements	1,282,606,000		1,477,016,000
Accumulated depreciation and amortization	-178,076,000		-204,165,000
Real estate investments, Net book value	1,104,530,000		1,272,851,000
Intangible Lease Assets
Real Estate Properties [Line Items]
Intangible Lease Assets	400,519,000		494,298,000
Accumulated depreciation and amortization	-276,988,000		-319,081,000
Real estate investments, Net book value	123,531,000		175,217,000
Office
Real Estate Properties [Line Items]
Investment in real property, Gross book value	1,223,993,000		1,416,221,000	[1]
Intangible lease liabilities, Gross book value	-16,208,000		-21,535,000	[1]
Real estate investments, Net book value	1,207,785,000		1,394,686,000	[1]
Office | Land
Real Estate Properties [Line Items]
Land	199,384,000		238,505,000	[1]
Office | Building and Building Improvements
Real Estate Properties [Line Items]
Building and Improvements	732,021,000		818,659,000	[1]
Office | Intangible Lease Assets
Real Estate Properties [Line Items]
Intangible Lease Assets	292,588,000		359,057,000	[1]
Industrial
Real Estate Properties [Line Items]
Investment in real property, Gross book value	89,746,000		267,801,000
Intangible lease liabilities, Gross book value	-344,000		-41,011,000
Real estate investments, Net book value	89,402,000		226,790,000
Industrial | Land
Real Estate Properties [Line Items]
Land	9,572,000		25,502,000
Industrial | Building and Building Improvements
Real Estate Properties [Line Items]
Building and Improvements	63,738,000		193,878,000
Industrial | Intangible Lease Assets
Real Estate Properties [Line Items]
Intangible Lease Assets	16,436,000		48,421,000
Retail
Real Estate Properties [Line Items]
Investment in real property, Gross book value	825,283,000	[2]	788,904,000
Intangible lease liabilities, Gross book value	-64,300,000	[2]	-62,292,000
Real estate investments, Net book value	760,983,000	[2]	726,612,000
Retail | Land
Real Estate Properties [Line Items]
Land	246,941,000	[2]	237,605,000
Retail | Building and Building Improvements
Real Estate Properties [Line Items]
Building and Improvements	486,847,000	[2]	464,479,000
Retail | Intangible Lease Assets
Real Estate Properties [Line Items]
Intangible Lease Assets	$91,495,000	[2]	$86,820,000
[1]	Includes $4.1 million in land, $19.3 million in building and improvements, and $7.0 million in intangible lease assets before accumulated depreciation of $10.2 million, related to an office property classified as held for sale in the accompanying balance sheet as of December 31, 2014
[2]	Includes $5.1 million in land, $8.0 million in building and improvements, $548,000 in intangible lease assets, and $196,000 in intangible lease liabilities, before accumulated depreciation on assets of $2.5 million and accumulated amortization of intangible lease liabilities of $99,000, related to a retail property classified as held for sale in the accompanying balance sheet as of March 31, 2015.

Investments_in_Real_Property_S

Investments in Real Property (Summary of Acquisitions of Real Property) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
	sqft
Significant Acquisitions and Disposals [Line Items]
Net Rentable Square Feet	2,846,000
Office Property; Dallas, TX Market [Member]
Significant Acquisitions and Disposals [Line Items]
Date of Acquisition	16-Jan-15
Net Rentable Square Feet	177,000
Retail Property; Greater Boston Market
Significant Acquisitions and Disposals [Line Items]
Number of Properties	1	[1]
Acquisition Price	35,450	[1]
Net Rentable Square Feet	143,000	[1]
Percent Leased	92.00%	[1]
Office Property; Austin, TX Market
Significant Acquisitions and Disposals [Line Items]
Number of Properties	1
Acquisition Price	37,300
Net Rentable Square Feet	155,000
Percent Leased	94.00%
Real property
Significant Acquisitions and Disposals [Line Items]
Number of Properties	2
Acquisition Price	72,750
Net Rentable Square Feet	298,000
Percent Leased	93.00%
[1]	Our Greater Boston market comprises the greater metro area around Boston, MA. As of March 31, 2015, properties in our Greater Boston market are located in the following states: Massachusetts, Connecticut, New Hampshire, and Rhode Island.

Investments_in_Real_Property_S1

Investments in Real Property (Summary of Fair Value of Acquired Real Properties) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Real Estate Properties [Line Items]
Total Fair Value	$72,750
Land
Real Estate Properties [Line Items]
Total Fair Value	15,030
Building and Improvements
Real Estate Properties [Line Items]
Total Fair Value	49,617
Intangible Lease Assets
Real Estate Properties [Line Items]
Total Fair Value	10,426
Weighted-average Amortization Period, assets	6 years 4 months 24 days
Intangible Lease Liabilities
Real Estate Properties [Line Items]
Total Fair Value	-2,485
Weighted-average Amortization Period, liabilities	20 years
Prorations and Credits
Real Estate Properties [Line Items]
Total Fair Value	162
Retail Property; Greater Boston Market
Real Estate Properties [Line Items]
Total Fair Value	35,450
Retail Property; Greater Boston Market | Land
Real Estate Properties [Line Items]
Total Fair Value	9,936
Retail Property; Greater Boston Market | Building and Improvements
Real Estate Properties [Line Items]
Total Fair Value	22,877
Retail Property; Greater Boston Market | Intangible Lease Assets
Real Estate Properties [Line Items]
Total Fair Value	4,675
Weighted-average Amortization Period, assets	7 years 10 months 24 days
Retail Property; Greater Boston Market | Intangible Lease Liabilities
Real Estate Properties [Line Items]
Total Fair Value	-2,038
Weighted-average Amortization Period, liabilities	23 years 9 months 18 days
Office Property; Austin, TX Market
Real Estate Properties [Line Items]
Total Fair Value	37,300
Office Property; Austin, TX Market | Land
Real Estate Properties [Line Items]
Total Fair Value	5,094
Office Property; Austin, TX Market | Building and Improvements
Real Estate Properties [Line Items]
Total Fair Value	26,740
Office Property; Austin, TX Market | Intangible Lease Assets
Real Estate Properties [Line Items]
Total Fair Value	5,751
Weighted-average Amortization Period, assets	5 years 2 months 12 days
Office Property; Austin, TX Market | Intangible Lease Liabilities
Real Estate Properties [Line Items]
Total Fair Value	-447
Weighted-average Amortization Period, liabilities	2 years 8 months 12 days
Office Property; Austin, TX Market | Prorations and Credits
Real Estate Properties [Line Items]
Total Fair Value	$162

Investments_in_Real_Property_S2

Investments in Real Property (Summary of Revenue and Net Operating Income of Properties Acquired During 2014) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Significant Acquisitions and Disposals [Line Items]
Revenue	$62,582		$57,073
Net Operating Income	47,453		43,726
Properties Acquired During 2014 [Member]
Significant Acquisitions and Disposals [Line Items]
Revenue	1,133
Net Operating Income	737	[1]
Retail Property; Greater Boston Market
Significant Acquisitions and Disposals [Line Items]
Revenue	236
Net Operating Income	221	[1]
Office Property; Austin, TX Market
Significant Acquisitions and Disposals [Line Items]
Revenue	897
Net Operating Income	$516	[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_S3

Investments in Real Property (Summary of Disposed Properties) (Details) (USD $)	0 Months Ended	3 Months Ended
In Thousands, unless otherwise specified	Mar. 11, 2015	Mar. 31, 2015		Mar. 11, 2015
		sqft		sqft
Significant Acquisitions and Disposals [Line Items]
Square feet		2,846,000
Contract Sales Price	$398,600	$445,235
Gain on Sale		128,667
Rentable square feet	2,700,000	2,623,000		2,700,000
Office and Industrial Portfolio; Various Markets [Member]
Significant Acquisitions and Disposals [Line Items]
DPF Ownership		100.00%	[1]
Square feet		2,669,000	[1]
Disposition Date		11-Mar-15	[1]
Contract Sales Price		398,635	[1]
Gain on Sale		105,542	[1]
Industrial Portfolio Properties; Various Markets [Member]
Significant Acquisitions and Disposals [Line Items]
Number of Properties		6
Rentable square feet		1,600,000
Office Portfolio Properties; Various Markets [Member]
Significant Acquisitions and Disposals [Line Items]
Number of Properties		6
Rentable square feet		1,100,000
Office Property; Dallas, TX Market [Member]
Significant Acquisitions and Disposals [Line Items]
DPF Ownership		100.00%
Square feet		177,000
Disposition Date		16-Jan-15
Contract Sales Price		46,600
Gain on Sale		$23,125
Assets Held for Sale [Member] | Retail Property; Pittsburgh, PA Market [Member]
Significant Acquisitions and Disposals [Line Items]
DPF Ownership		100.00%
Square feet		103,000
California | Office and Industrial Portfolio; Various Markets [Member]
Significant Acquisitions and Disposals [Line Items]
Number of Properties		3
California | Office and Industrial Portfolio, Los Angeles Market [Member]
Significant Acquisitions and Disposals [Line Items]
Number of Properties		1
Number of buildings on property		2
[1]	The Portfolio includes (i) six office properties comprising 1.1 million net rentable square feet located in the following markets: Los Angeles, CA (three properties, of which one disposed property was a single building from a two-building office property), Northern New Jersey, Miami, FL, and Dallas, TX, and (ii) six industrial properties comprising 1.6 million net rentable square feet located in the following markets: Los Angeles, CA, Dallas, TX, Cleveland, OH, Chicago, IL, Houston, TX, and Denver, CO.

Investments_in_Real_Property_S4

Investments in Real Property (Summary of Carrying Amounts of Major Classes of Assets and Liabilities) (Details) (USD $)	Mar. 31, 2015		Dec. 31, 2014
In Thousands, unless otherwise specified
Disclosure Summary Of Consolidated Investments In Real Property [Abstract]
Land	$5,131		$4,075
Building and improvements	7,989		19,337
Intangible lease assets	548		7,005
Accumulated depreciation	-2,532		-10,163
Other assets, net	819	[1]	1,673	[1]
Assets held for sale	11,955		21,927
Intangible lease liabilities, net	96
Other liabilities	170		1,880
Liabilities related to assets held for sale	$266		$1,880
[1]	Includes other assets and restricted cash related to properties classified as held for sale in the accompanying balance sheet as of March 31, 2015 and December 31, 2014, respectively.

Investments_in_Real_Property_S5

Investments in Real Property (Summary of Income and Expenses Attributable to Discontinued Operations) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014
Investments in Real Property [Abstract]
Revenues	$995
Rental expense	-367
Interest expense	-296
Other expenses	-20
Income from discontinued operations	312
Gain on disposition	29,545
Discontinued operations	29,857	[1]
Discontinued operations attributable to noncontrolling interests	-4,433
Income from discontinued operations attributable to common stockholders	$25,424
[1]	Includes approximately $1.6 million paid to our Advisor for advisory fees associated with the disposition of real properties during the three months ended March 31 2014.

Investments_in_Real_Property_S6

Investments in Real Property (Summary of Capital Expenditures, Significant Operating and Investing Noncash Items Related to Discontinued Operations) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Real Estate Properties [Line Items]
Capital expenditures	$2,867		$4,276
Straight-line rent adjustments	-356		1,305
Non-cash disposition of real property	128,008	[1]	94,011	[1]
Discontinued Operations
Real Estate Properties [Line Items]
Straight-line rent adjustments			-41
Non-cash disposition of real property			$80,361
[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_S7

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
	Mar. 31, 2015		Mar. 31, 2014
Investments in Real Property [Abstract]
Straight-line rent adjustments	($356,000)		$1,305,000
Above-market lease assets	-1,360,000		-1,724,000
Below-market lease liabilities	1,713,000		1,832,000
Total (decrease) increase to rental revenue	-3,000		1,413,000
Tenant recovery income	10,165,000	[1]	8,202,000	[1]
Real estate taxes paid directly by tenants subject to triple net lease Contracts	$2,600,000		$3,200,000
[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 $2.6 million and $3.2 million during the three months ended March 31, 2015 and 2014, respectively.

Investments_in_Real_Property_S8

Investments in Real Property (Summary of Concentration of Risk Respect to Accounts Receivable) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 11, 2015
	property		sqft
	sqft
Revenue, Major Customer [Line Items]
Number of Tenant Locations	19
Annualized Rental Revenue	$75,178	[1]
Percent of Total Annualized Rental Revenue	44.70%
Square Feet	2,623,000		2,700,000
Percent of Total Portfolio Square Feet	31.50%
Charles Schwab and Company, Inc.
Revenue, Major Customer [Line Items]
Number of Tenant Locations	1
Annualized Rental Revenue	22,992	[1]
Percent of Total Annualized Rental Revenue	13.70%
Square Feet	594,000
Percent of Total Portfolio Square Feet	7.10%
Sybase, Inc.
Revenue, Major Customer [Line Items]
Number of Tenant Locations	1
Annualized Rental Revenue	17,971	[1]
Percent of Total Annualized Rental Revenue	10.70%
Square Feet	405,000
Percent of Total Portfolio Square Feet	4.90%
Northrop Grumman, Inc.
Revenue, Major Customer [Line Items]
Number of Tenant Locations	1
Annualized Rental Revenue	15,584	[1]
Percent of Total Annualized Rental Revenue	9.30%
Square Feet	575,000
Percent of Total Portfolio Square Feet	6.90%
Stop and Shop Supermarket Company LLC.
Revenue, Major Customer [Line Items]
Number of Tenant Locations	15
Annualized Rental Revenue	14,187	[1]
Percent of Total Annualized Rental Revenue	8.40%
Square Feet	882,000
Percent of Total Portfolio Square Feet	10.60%
Novo Nordisk
Revenue, Major Customer [Line Items]
Number of Tenant Locations	1
Annualized Rental Revenue	$4,444	[1]
Percent of Total Annualized Rental Revenue	2.60%
Square Feet	167,000
Percent of Total Portfolio Square Feet	2.00%
[1]	Annualized base rent represents the annualized monthly base rent of executed leases as of March 31, 2015.

Debt_Related_Investments_Narra

Debt Related Investments (Narrative) (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
	security	security	security
Investment [Line Items]
Number of debt investments	10		11
Weighted average maturity of our debt investments	1 year 7 months 6 days
Number of debt investment repaid	1	3
Net cash proceeds from repayment	$5,400,000
Principal repayment	7,700,000
Prepayment of fee	1,100,000
Repayments of borrowings	3,400,000
Provision for loan loss	3,000,000		3,000,000
Recorded Investment	3,000,000		3,000,000
Provision losses	0
Unpaid principal balance of impaired debt investments	3,000,000		3,000,000
Number of impaired debt investments	1		1
Interest Income Recognized	$0	$0
B-notes
Investment [Line Items]
Number of Nonaccrual Loans Receivable	1		1

Debt_Related_Investments_Sched

Debt Related Investments (Schedule of Debt Related Income) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014
	security		security
Investment [Line Items]
Debt related income	$3,203,000		$2,013,000
Weighted Average Yield	7.70%	[1]
Number of variable interest loans receivable	1
Carrying amount of floating rate debt investments	25,000,000
Number of debt investment repaid	1		3
Mortgage Note
Investment [Line Items]
Debt related income	2,413,000	[2]	1,351,000	[2]
Weighted Average Yield	5.10%	[1],[2]
Mezzanine loan
Investment [Line Items]
Debt related income	$790,000		$662,000
Weighted Average Yield	16.70%	[1]
[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 March 31, 2015. Yields for LIBOR-based, floating-rate investments have been calculated using the one-month LIBOR rate as of March 31, 2015 for purposes of this table. As of March 31, 2015, we had one debt related investment structured as a mortgage note 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.
[2]	We had one and three debt related investments repaid in full during the three months ended March 31, 2015 and 2014, respectively. During the three months ended March 31, 2015 and 2014, 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 $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Disclosure Recorded Investment In Debt Related Investments Before Allowance For Loan Loss And Related Allowance For Loan Loss [Abstract]
Debt related investments	$90,901	$97,951
Less: Allowance for loan losses	-3,000	-3,000
Total	$87,901	$94,951

Debt_Obligations_Narrative_Det

Debt Obligations (Narrative) (Details) (USD $)	0 Months Ended	3 Months Ended		12 Months Ended
	Mar. 11, 2015	Mar. 31, 2015		Dec. 31, 2014
	property	loan
Debt Instrument [Line Items]
Mortgages sold	$128,000,000
Mortgage loans, interest rate	5.46%
Defeasance costs		-896,000
Number of interest-only mortgage notes		9
Number of amortizing mortgage notes		15
Interest-only mortgage notes, outstanding balance		273,800,000
Amortizing mortgage notes outstanding balance		345,700,000
Unsecured Debt		181,000,000		345,000,000
Line of credit, amount outstanding		81,000,000		75,000,000	[1]
Loss on financing commitments and early repayment of debt		896,000
Number of properties sold	12
Total unsecured borrowings		181,000,000		345,000,000
Current borrowing capacity		566,800,000		189,400,000
Available borrowing under revolving credit facility		434,000,000
Mortgages [Member]
Debt Instrument [Line Items]
Obligation released through defeasance	44,800,000
Defeasance costs	8,600,000
Loss on financing commitments and early repayment of debt	-8,600,000
Old Facility [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity		620,000,000
Repaid outstanding borrowings		380,000,000
Amended Facility [Member]
Debt Instrument [Line Items]
Debt issuance date		13-Jan-15
Number of lenders		14
Credit facility, maximum borrowing capacity		550,000,000
Potential maximum borrowing capacity		900,000,000
Amended Facility [Member] | Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity		400,000,000
Credit facility expiration date		31-Jan-19
Number of one year extensions		1
Revolving credit facility extension period		12 months
Percentage of extension fee to outstanding principal balance		0.15%
Line of credit, amount outstanding		81,000,000
Proceeds from lines of credit		280,000,000
Amended Facility [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity		50,000,000
Amended Facility [Member] | Swing Line Loan [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity		50,000,000
Minimum | Amended Facility [Member] | Revolving Credit Facility
Debt Instrument [Line Items]
Outstanding borrowings spread over LIBOR		1.40%
Maximum | Amended Facility [Member] | Revolving Credit Facility
Debt Instrument [Line Items]
Outstanding borrowings spread over LIBOR		2.30%
$150 Million Term Loan [Member] | Amended Facility [Member]
Debt Instrument [Line Items]
Debt face amount		150,000,000
Maturity date		31-Jan-18
Number of one year extensions		2
Revolving credit facility extension period		12 months
Percentage of extension fee to outstanding principal balance		0.13%
Unsecured Debt		100,000,000
Total unsecured borrowings		100,000,000
$150 Million Term Loan [Member] | Minimum | Amended Facility [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Outstanding borrowings spread over LIBOR		1.35%
$150 Million Term Loan [Member] | Maximum | Amended Facility [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Outstanding borrowings spread over LIBOR		2.20%
$200 Term Loan [Member]
Debt Instrument [Line Items]
Debt issuance date		27-Feb-15
Debt face amount		200,000,000
Number of lenders		6
Debt term		7 years
Maturity date		27-Feb-22
$200 Term Loan [Member] | Minimum | LIBOR [Member]
Debt Instrument [Line Items]
Outstanding borrowings spread over LIBOR		1.65%
$200 Term Loan [Member] | Maximum | LIBOR [Member]
Debt Instrument [Line Items]
Outstanding borrowings spread over LIBOR		2.55%
Repurchase Facility | Minimum
Debt Instrument [Line Items]
Outstanding borrowings spread over LIBOR		2.25%		2.25%
Term Loan
Debt Instrument [Line Items]
Outstanding borrowings spread over LIBOR		1.35%		1.70%
Unsecured Debt				270,000,000
Line of credit, amount outstanding		100,000,000	[2]	270,000,000	[1],[2]
Total unsecured borrowings				270,000,000
[1]	Amounts are presented on a GAAP basis and are net of (i) unamortized premiums to the face value of our outstanding fixed-rate mortgages of $1.7 million and $2.0 million as of March 31, 2015 and December 31, 2014, respectively, and (ii) GAAP principal amortization related to troubled debt restructurings of $2.5 million and $2.3 million as of March 31, 2015 and December 31, 2014, respectively.
[2]	As of March 31, 2015 and December 31, 2014, borrowings under our line of credit were subject to interest at a floating rate of 1.40% and 1.75%, respectively, over one-month LIBOR.

Debt_Obligations_Summary_of_Bo

Debt Obligations (Summary of Borrowings) (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015		Dec. 31, 2014
Debt Instrument [Line Items]
Weighted Average Stated Interest Rate	4.90%		4.80%
Outstanding Balance	833,127,000		1,198,267,000	[1]
Gross Investment Amount Securing Borrowings	1,258,371,000		1,692,911,000	[2]
Unamortized net discount at end of period on debt payable	1,700,000		2,000,000
Troubled debt restructuring amortization	2,500,000		2,300,000
Liabilities held for sale	266,000		1,880,000
Line of credit, interest rate	2.20%		2.60%
Mortgage notes	652,127,000	[3]	853,267,000	[3]
Total secured borrowings	652,127,000		853,267,000	[1]
Line of credit, amount outstanding	81,000,000		75,000,000	[1]
Total unsecured borrowings	181,000,000		345,000,000
Fixed rate secured borrowings
Debt Instrument [Line Items]
Weighted Average Stated Interest Rate	5.90%		5.80%
Outstanding Balance	610,581,000		807,994,000	[1]
Gross Investment Amount Securing Borrowings	1,198,881,000		1,625,637,000	[2]
Floating-rate mortgage notes
Debt Instrument [Line Items]
Weighted Average Stated Interest Rate	3.20%	[4]	3.20%	[4]
Outstanding Balance	8,160,000	[4]	8,250,000	[1],[4]
Gross Investment Amount Securing Borrowings	16,125,000	[4]	16,118,000	[2],[4]
Outstanding borrowings spread over LIBOR	3.00%
Total mortgage notes
Debt Instrument [Line Items]
Weighted Average Stated Interest Rate	5.80%		5.80%
Outstanding Balance	618,741,000		816,244,000	[1]
Gross Investment Amount Securing Borrowings	1,215,006,000		1,641,755,000	[2]
Repurchase Facility
Debt Instrument [Line Items]
Weighted Average Stated Interest Rate	2.80%	[5]	2.80%	[5]
Gross Investment Amount Securing Borrowings	43,365,000	[5]	51,156,000	[2],[5]
Total other secured borrowings	33,386,000	[5]	37,023,000	[1],[5]
Total Secured Borrowings [Member]
Debt Instrument [Line Items]
Weighted Average Stated Interest Rate	5.70%		5.60%
Line of Credit [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Interest Rate	2.56%
Outstanding borrowings spread over LIBOR	1.40%		1.75%
Interest rate	2.16%		3.60%
Weighted average interest rate	2.56%
Term Loan
Debt Instrument [Line Items]
Weighted Average Stated Interest Rate	1.90%	[6]	2.70%	[6]
Outstanding borrowings spread over LIBOR	1.35%		1.70%
Interest rate	1.86%		2.69%
Line of credit, amount outstanding	100,000,000	[6]	270,000,000	[1],[6]
Total unsecured borrowings			270,000,000
Unsecured Borrowings
Debt Instrument [Line Items]
Weighted Average Stated Interest Rate	2.00%	[7]	2.70%	[7]
Total unsecured borrowings	181,000,000	[7]	345,000,000	[1],[7]
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%
Interest Rate Swap
Debt Instrument [Line Items]
Notional amount	334,700,000
Interest Rate Swap | Line of Credit [Member]
Debt Instrument [Line Items]
Outstanding Balance			30,000,000
Interest Rate Swap December 2016 [Member]
Debt Instrument [Line Items]
Notional amount	200,000,000
Interest rate swap agreement, rate	0.64%
Interest Rate Swap May 2017 [Member]
Debt Instrument [Line Items]
Notional amount	34,700,000
Interest rate swap agreement, rate	0.59%
Interest Rate Swap January 2022 [Member]
Debt Instrument [Line Items]
Notional amount	100,000,000
Interest rate swap agreement, rate	1.96%
[1]	Amounts are presented on a GAAP basis and are net of (i) unamortized premiums to the face value of our outstanding fixed-rate mortgages of $1.7 million and $2.0 million as of March 31, 2015 and December 31, 2014, respectively, and (ii) GAAP principal amortization related to troubled debt restructurings of $2.5 million and $2.3 million as of March 31, 2015 and December 31, 2014, 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]	Includes approximately $59.1 million and $59.4 million in consolidated mortgage notes in variable interest entity investments as of March 31, 2015 and December 31, 2014, respectively.
[4]	As of March 31, 2015 and December 31, 2014, our floating rate mortgage note was subject to an interest rate spread of 3.00% over one-month LIBOR.
[5]	As of March 31, 2015 and December 31, 2014, 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 March 31, 2015, we had entered into interest rate swap agreements with total notional of $334.7 million which we entered into to fix the LIBOR component of the interest rate of our repurchase facilities and unsecured borrowings. Of these swaps, $200.0 million mature in December 2016 and fix the LIBOR rate at 0.64%, $34.7 million mature in May 2017 and fix the LIBOR rate at 0.59%, and $100.0 million mature in January 2022 and fix the LIBOR rate at 1.96%. We are obligated to pay our counterparties under these swap agreements regardless of the level of the related borrowings. (6)
[6]	As of March 31, 2015 and December 31, 2014, borrowings under our line of credit were subject to interest at a floating rate of 1.40% and 1.75%, respectively, over one-month LIBOR.
[7]	As of March 31, 2015 and December 31, 2014, borrowings under our term loan were subject to interest at a floating rate of 1.35% and 1.70%, respectively, over one-month LIBOR. However, we had effectively fixed the interest rate of the total borrowings using interest rate swaps at 1.86% and 2.69% as of March 31, 2015 and December 31, 2014, respectively.

Debt_Obligations_Summary_of_Bo1

Debt Obligations (Summary of Borrowings Reflects Contractual Debt Maturities Footnote) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015		Dec. 31, 2014
Debt Instrument [Line Items]
Outstanding Balance, 2015	$104,701,000	[1]
Outstanding Balance, 2016	326,548,000	[1]
Outstanding Balance, 2017	206,333,000	[1]
Outstanding Balance, 2018	101,419,000	[1]
Outstanding Balance, 2019	82,509,000	[1]
Outstanding Balance, 2020	1,605,000	[1]
Outstanding Balance, 2021	1,707,000	[1]
Outstanding Balance, 2022	1,663,000	[1]
Outstanding Balance, 2023	978,000	[1]
Outstanding Balance, 2024	1,034,000	[1]
Outstanding Balance, Thereafter	5,397,000	[1]
Total Outstanding Balance	833,894,000	[1]
Unsecured borrowings	181,000,000		345,000,000
Line of credit, amount outstanding	81,000,000		75,000,000	[2]
Troubled debt restructuring amortization	2,500,000		2,300,000
Mark to market adjustment on assumed debt	1,700,000
Mortgage Note
Debt Instrument [Line Items]
Troubled debt restructuring amortization	2,500,000
Mortgage Notes and Other Secured Borrowings
Debt Instrument [Line Items]
Number of Borrowings Maturing	25
Outstanding Balance, 2015	104,701,000
Outstanding Balance, 2016	326,548,000
Outstanding Balance, 2017	206,333,000
Outstanding Balance, 2018	1,419,000
Outstanding Balance, 2019	1,509,000
Outstanding Balance, 2020	1,605,000
Outstanding Balance, 2021	1,707,000
Outstanding Balance, 2022	1,663,000
Outstanding Balance, 2023	978,000
Outstanding Balance, 2024	1,034,000
Outstanding Balance, Thereafter	5,397,000
Total Outstanding Balance	652,894,000
Mortgage Notes and Other Secured Borrowings | 2015 [Member]
Debt Instrument [Line Items]
Number of Borrowings Maturing	4
Mortgage Notes and Other Secured Borrowings | 2016 [Member]
Debt Instrument [Line Items]
Number of Borrowings Maturing	12
Mortgage Notes and Other Secured Borrowings | 2017 [Member]
Debt Instrument [Line Items]
Number of Borrowings Maturing	6
Mortgage Notes and Other Secured Borrowings | 2022 [Member]
Debt Instrument [Line Items]
Number of Borrowings Maturing	1
Mortgage Notes and Other Secured Borrowings | Thereafter [Member]
Debt Instrument [Line Items]
Number of Borrowings Maturing	2
Unsecured Borrowings
Debt Instrument [Line Items]
Number of Borrowings Maturing	2
Outstanding Balance, 2018	100,000,000	[3]
Outstanding Balance, 2019	81,000,000	[3]
Total Outstanding Balance	181,000,000	[3]
Unsecured Borrowings | 2018 [Member]
Debt Instrument [Line Items]
Number of Borrowings Maturing	1
Unsecured Borrowings | 2019 [Member]
Debt Instrument [Line Items]
Number of Borrowings Maturing	1
Amended Facility [Member] | $150 Million Term Loan [Member]
Debt Instrument [Line Items]
Debt face amount	150,000,000
Unsecured borrowings	100,000,000
Maturity date	31-Jan-18
Number of one year extensions	2
Revolving credit facility extension period	12 months
Amended Facility [Member] | Revolving Credit Facility
Debt Instrument [Line Items]
Number of one year extensions	1
Revolving credit facility extension period	12 months
Line of credit, amount outstanding	$81,000,000
[1]	Outstanding balance represents expected cash outflows for contractual amortization and scheduled balloon payment maturities and does not include the GAAP principal amortization of our restructured mortgage note of approximately $2.5 million that does not reduce the contractual amount due of the related mortgage note as of March 31, 2015, partially offset by the mark-to-market premium on assumed debt of $1.7 million as of March 31, 2015.
[2]	Amounts are presented on a GAAP basis and are net of (i) unamortized premiums to the face value of our outstanding fixed-rate mortgages of $1.7 million and $2.0 million as of March 31, 2015 and December 31, 2014, respectively, and (ii) GAAP principal amortization related to troubled debt restructurings of $2.5 million and $2.3 million as of March 31, 2015 and December 31, 2014, respectively.
[3]	Unsecured borrowings presented include (i) borrowings under the $150 Million Term Loan of $100.0 million, which were scheduled to mature in 2018, subject to two one-year extension options, and (ii) borrowings under the Revolving Credit Facility of $81.0 million, which were scheduled to mature in 2019, subject to a one-year extension option.

Derivatives_And_Hedging_Activi2

Derivatives And Hedging Activities (Narrative) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
		security
Derivative [Line Items]
Estimated increase to interest expense related to active effective hedges of floating rate debt	$2.20
Designated Hedges
Derivative [Line Items]
Number of outstanding derivatives	11	11
Total notional amount	334.7	339.2
Interest Rate Swap
Derivative [Line Items]
Estimated increase to interest expense related to termination of hedging instrument	$1.80

Derivatives_And_Hedging_Activi3

Derivatives And Hedging Activities (Reconciliation of Accumulated Other Comprehensive Loss, Net of Amounts Attributable to Noncontrolling Interests) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance as of December 31, 2014	($10,120)
Amortization of OCI into interest expense (net of tax benefit of $0)	1,164
Change in fair value recognized in OCI (net of tax benefit of $0)	-2,971
Net current-period other comprehensive income	-1,807
Attribution of and other adjustments to OCI attributable to noncontrolling interests	119
Ending balance as of March 31, 2015	-11,808
Amortization of OCI into interest expense, Tax	0
Change in fair value recognized in OCI, Tax	0
Gains And Losses On Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance as of December 31, 2014	-9,069
Amortization of OCI into interest expense (net of tax benefit of $0)	1,164
Change in fair value recognized in OCI (net of tax benefit of $0)	-2,971
Net current-period other comprehensive income	-1,807
Attribution of and other adjustments to OCI attributable to noncontrolling interests	119
Ending balance as of March 31, 2015	-10,757
Unrealized Gains On Available-For-Sale Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance as of December 31, 2014		-1,051
Ending balance as of March 31, 2015	($1,051)	($1,051)

Derivatives_And_Hedging_Activi4

Derivatives And Hedging Activities (Gross Fair Value of Derivative Financial Instruments as Well as Their Classification) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Other Assets
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair value, Gross asset	$131	$543
Other Liabilities
Derivatives, Fair Value [Line Items]
Liability Derivatives, Fair value, Gross liability	-2,755	-907
Designated Hedges | Interest Rate Contract | Other Assets
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair value, Gross asset	131	543
Designated Hedges | Interest Rate Contract | Other Liabilities
Derivatives, Fair Value [Line Items]
Liability Derivatives, Fair value, Gross liability	($2,755)	($907)

Derivatives_And_Hedging_Activi5

Derivatives And Hedging Activities (Effect of Derivative Financial Instruments on Financial Statements) (Details) (Designated Hedges, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
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)	($11)
Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of loss reclassified from accumulated OCI into income (effective portion)	1,164	749
Interest Rate Contract
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) recognized in OCI (effective portion)	($2,971)	($428)

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Carrying (Reported) Amount, Fair Value Disclosure
Assets:
Derivative instruments	$131	$543
Liabilities:
Fixed-rate mortgage notes carried at amortized cost	610,581	807,994
Derivative liabilities	2,755	907
Carrying (Reported) Amount, Fair Value Disclosure | Real Estate Securities
Assets:
Investments in real estate securities	200	200
Carrying (Reported) Amount, Fair Value Disclosure | Fixed-rate debt related investments, net
Assets:
Fixed-rate debt related investments, net	62,876	69,889
Carrying (Reported) Amount, Fair Value Disclosure | Floating-rate debt related investments, net
Assets:
Floating-rate debt related investments, net	25,025	25,062
Carrying (Reported) Amount, Fair Value Disclosure | Floating-rate mortgage notes
Liabilities:
Floating-rate mortgage notes	8,160	8,250
Carrying (Reported) Amount, Fair Value Disclosure | Floating rate mortgages
Liabilities:
Floating-rate other secured borrowings	33,386	37,023
Carrying (Reported) Amount, Fair Value Disclosure | Floating Rate Un-Secured Borrowings
Liabilities:
Floating-rate unsecured borrowings	181,000	345,000
Estimate of Fair Value, Fair Value Disclosure
Assets:
Derivative instruments	131	543
Liabilities:
Fixed-rate mortgage notes carried at amortized cost	627,841	848,045
Derivative liabilities	2,755	907
Estimate of Fair Value, Fair Value Disclosure | Real Estate Securities
Assets:
Investments in real estate securities	200	200
Estimate of Fair Value, Fair Value Disclosure | Fixed-rate debt related investments, net
Assets:
Fixed-rate debt related investments, net	63,893	71,770
Estimate of Fair Value, Fair Value Disclosure | Floating-rate debt related investments, net
Assets:
Floating-rate debt related investments, net	25,085	25,157
Estimate of Fair Value, Fair Value Disclosure | Floating-rate mortgage notes
Liabilities:
Floating-rate mortgage notes	8,176	8,249
Estimate of Fair Value, Fair Value Disclosure | Floating rate mortgages
Liabilities:
Floating-rate other secured borrowings	33,399	37,023
Estimate of Fair Value, Fair Value Disclosure | Floating Rate Un-Secured Borrowings
Liabilities:
Floating-rate unsecured borrowings	$181,000	$347,235

Related_Party_Transactions_Nar

Related Party Transactions (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
	entity
	employee
Related Party Transaction [Line Items]
Number of advisor employees serving as directors and officers	2
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	$5,998,000	$4,072,000
Percentage of gross proceeds retained by dealer manager	0.50%
Number of broker-dealers approved for participation	4
Amount owed to Advisor	1,500,000		1,900,000
Advisor agreement termination, notification period	30 days
Advisor agreement termination, transaction close period	60 days
Restricted Stock Units (RSUs) [Member]
Related Party Transaction [Line Items]
Awards granted, grant date NAV	$7.05
Offset period	12 months
Class I | Restricted Stock Units (RSUs) [Member]
Related Party Transaction [Line Items]
Restricted stock units granted to Advisor	594,328
Awards granted, grant date NAV	$7.05
Company's Unilateral Election Option to Increase Limit [Member]
Related Party Transaction [Line Items]
Total gross proceeds raised from sale of class I shares	100,000,000
Raymond James and Associates, Inc. [Member]
Related Party Transaction [Line Items]
Total gross proceeds raised from sale of class I shares	50,000,000
Maximum
Related Party Transaction [Line Items]
Total gross proceeds raised from sale of class I shares	$300,000,000

Related_Party_Transactions_Sch

Related Party Transactions (Schedule Of RSU Grants) (Details) (Restricted Stock Units (RSUs) [Member], USD $)	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Shares	594,328
Applicable Grant Date NAV per Share	$7.05
April 7, 2014 Grant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Shares	370,181
Applicable Grant Date NAV per Share	$6.96
February 25, 2015 Grant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Shares	88,788
Applicable Grant Date NAV per Share	$7.18
February 25, 2015 Grant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Shares	135,359
Applicable Grant Date NAV per Share	$7.18

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
	Mar. 31, 2015		Mar. 31, 2014		Dec. 31, 2014		Apr. 15, 2014
Related Party Transaction [Line Items]
Total	$11,132,000		$7,970,000
Common stock, shares issued	178,309,833				178,399,679	[1]
Class I
Related Party Transaction [Line Items]
Common stock, shares issued	13,742,460				13,027,931		123,000
Asset Management And Advisory Fees.
Related Party Transaction [Line Items]
Total	4,299,000	[2]	3,743,000	[2]
Development Management Fees
Related Party Transaction [Line Items]
Total	16,000		83,000
Other Reimbursements
Related Party Transaction [Line Items]
Total	2,297,000		2,159,000
Asset management fees related to the disposition of real properties
Related Party Transaction [Line Items]
Total	4,452,000		1,908,000
Dealer Manager and Distribution Fees [Member]
Related Party Transaction [Line Items]
Total	68,000		77,000
Restricted Stock Units (RSUs) [Member] | Asset Management And Advisory Fees.
Related Party Transaction [Line Items]
Total	$222,000
[1]	Includes 162,187,678 shares of Class E common stock, 1,218,841 shares of Class A common stock, 1,160,854 shares of Class W common stock, and 13,742,460 shares of Class I common stock issued and outstanding as of March 31, 2015, and 163,067,835 shares of Class E common stock, 1,187,215 shares of Class A common stock, 1,116,698 shares of Class W common stock, and 13,027,931 shares of Class I common stock issued and outstanding as of December 31, 2014.
[2]	Amounts reported for the three months ended March 31, 2015 include approximately $222,000 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 are recognized as Advisory fees expense over a one year period as an offset to amounts otherwise payable in cash.

Net_Income_Loss_Per_Common_Sha2

Net Income (Loss) Per Common Share (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Numerator
Loss from continuing operations	$132,201	$2,131
Loss (income) from continuing operations attributable to noncontrolling interests	-8,618	-117
Loss from continuing operations attributable to common stockholders	123,583	2,014
Dilutive noncontrolling interests share of (income) loss from continuing operations	8,580	149
Numerator for diluted earnings per share - adjusted loss from continuing operations	132,163	2,163
Income from discontinued operations		29,857	[1]
Income from discontinued operations attributable to noncontrolling interests		-4,433
Income from discontinued operations attributable to common stockholders		25,424
Dilutive noncontrolling interests share of discontinued operations		1,886
Numerator for diluted earnings per share - adjusted income from discontinued operations		$27,310
Denominator
Weighted average shares outstanding-basic	179,317	176,873
Incremental weighted average shares effect of conversion of OP units	12,449	13,120
Weighted average shares outstanding-diluted	191,766	189,993
(LOSS) INCOME PER COMMON SHARE-BASIC AND DILUTED
Net (loss) from continuing operations	$0.69	$0.01
Net income from discontinued operations	$0	$0.14
Net (loss) income	$0.69	$0.15
[1]	Includes approximately $1.6 million paid to our Advisor for advisory fees associated with the disposition of real properties during the three months ended March 31 2014.

Segment_Information_Revenue_an

Segment Information (Revenue and Components of Net Operating Income) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
	segment
Segment Reporting Information [Line Items]
Number of operating segments	4
Revenues	$62,582		$57,073
NOI	47,453		43,726
Real property
Segment Reporting Information [Line Items]
Number of operating segments	3
Real property | Office
Segment Reporting Information [Line Items]
Revenues	35,482	[1]	34,202	[1]
NOI	26,574	[1]	25,323	[1]
Real property | Industrial
Segment Reporting Information [Line Items]
Revenues	4,351	[1]	5,814	[1]
NOI	3,752	[1]	4,986	[1]
Real property | Retail
Segment Reporting Information [Line Items]
Revenues	19,546	[1]	15,044	[1]
NOI	13,924	[1]	11,404	[1]
Debt Related Investments
Segment Reporting Information [Line Items]
Revenues	3,203		2,013
NOI	$3,203		$2,013
[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
	Mar. 31, 2015		Mar. 31, 2014
Reconciliation of net operating income attributable to common shareholders
Net operating income	$47,453,000		$43,726,000
Real estate depreciation and amortization expense	-20,815,000		-22,350,000
General and administrative expenses	-2,737,000	[1]	-2,819,000	[1]
Advisory fees, related party	-4,299,000		-3,743,000
Acquisition-related expenses	-423,000
Impairment of real estate property	-1,400,000
Interest and other income (expense)	632,000		-78,000
Interest expense	-13,981,000		-16,168,000
Loss on extinguishment of debt and financing commitments	-896,000		-63,000
Gain on sale of real property	128,667,000	[2]	3,626,000	[2]
Provision for loss on debt related investments	0
Discontinued operations			29,857,000	[3]
Net income attributable to noncontrolling interests	-8,618,000		-4,550,000
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	$123,583,000		$27,438,000
[1]	Includes approximately $1.7 million and $1.6 million paid to our Advisor and its affiliates for reimbursable expenses during the three months ended March 31, 2015 and 2014, respectively
[2]	Includes approximately $4.5 million and $263,000 paid to our Advisor for advisory fees associated with the disposition of real properties during the three months ended March 31, 2015 and 2014, respectively.
[3]	Includes approximately $1.6 million paid to our Advisor for advisory fees associated with the disposition of real properties during the three months ended March 31 2014.

Segment_Information_Schedule_o

Segment Information (Schedule of Total Assets by Business Segment) (Details) (USD $)	Mar. 31, 2015		Dec. 31, 2014		Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Segment assets:
Net investments in real property	$1,672,821	[1]	$1,929,426	[1]
Debt related investments, net	87,901		94,951
Non-segment assets:
Cash and cash equivalents	10,226		14,461		81,292	24,778
Other non-segment assets	67,623	[2]	87,368	[2]
Assets held for sale	819	[3]	1,673	[3]
Total Assets	1,850,526		2,148,133
Segment Reconciling Items [Member]
Non-segment assets:
Total Assets	1,771,858		2,044,631
Office
Segment assets:
Net investments in real property	938,498	[4]	1,089,838	[4]
Office | Held-for-sale [Member]
Segment assets:
Net investments in real property			20,300
Industrial
Segment assets:
Net investments in real property	61,456		207,655
Retail
Segment assets:
Net investments in real property	684,003	[5]	652,187	[5]
Retail | Held-for-sale [Member]
Segment assets:
Net investments in real property	11,100
Debt Related Investments
Segment assets:
Debt related investments, net	$87,901		$94,951
[1]	Includes approximately $83.1 million and $82.7 million, after accumulated depreciation and amortization, in consolidated real property variable interest entity investments as of March 31, 2015 and December 31, 2014, respectively.
[2]	Other non-segment assets primarily consist of corporate assets including restricted cash and receivables, including straight-line rent receivable.
[3]	Includes other assets and restricted cash related to properties classified as held for sale in the accompanying balance sheet as of March 31, 2015 and December 31, 2014, respectively.
[4]	Includes approximately $20.3 million of net investments in real property related to an office property classified as held for sale in the accompanying balance sheet as of December 31, 2014.
[5]	Includes approximately $11.1 million of net investments in real property related to a retail property classified as held for sale in the accompanying balance sheet as of March 31, 2015.

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	0 Months Ended	3 Months Ended			0 Months Ended	1 Months Ended
	Mar. 11, 2015	Mar. 31, 2015		Mar. 31, 2014	5-May-15	Apr. 24, 2015	Apr. 30, 2015	Dec. 31, 2014
		sqft			sqft	property	loan
						entity
						sqft
Subsequent Event [Line Items]
Proceeds from disposition of real property		$311,333,000		$90,383,000
Gross sales price	398,600,000	445,235,000
Mortgage loans, interest rate	5.46%
Rentable square feet	2,700,000	2,623,000
Net investments in real property		1,672,821,000	[1]					1,929,426,000	[1]
Subsequent Event
Subsequent Event [Line Items]
Number of loans repaid							2
Number of buildings						4
Rentable square feet					103,000	274,000
Payments to acquire office buildings						68,800,000
Real estate property, percent leased						99.00%
Real estate property, number of tenants						25
Net investments in real property					11,100,000
Total sales price					12,500,000
Subsequent Event | Campus Road [Member]
Subsequent Event [Line Items]
Unpaid principal balance							33,500,000
Mortgage loans, interest rate							4.75%
Subsequent Event | Mansfield [Member]
Subsequent Event [Line Items]
Unpaid principal balance							8,300,000
Mortgage loans, interest rate							6.03%
[1]	Includes approximately $83.1 million and $82.7 million, after accumulated depreciation and amortization, in consolidated real property variable interest entity investments as of March 31, 2015 and December 31, 2014, respectively.