Black Creek Diversified Property Fund 10-K 3 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Feb. 24, 2016	Jun. 30, 2015
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Entity Registrant Name	Dividend Capital Diversified Property Fund Inc.
Entity Central Index Key	1,327,978
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Public Float			$ 0
Class E [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		137,328,662
Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,842,548
Class W [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,051,615
Class I [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		23,204,899

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2015	Dec. 31, 2014
ASSETS
Investments in real property		$ 2,380,174	$ 2,442,509
Accumulated depreciation and amortization		(505,957)	(513,083)
Net investments in real property	[1]	1,874,217	1,929,426
Debt related investments, net		15,722	94,951
Net investments		1,889,939	2,024,377
Cash and cash equivalents		15,769	14,461
Restricted cash		18,394	27,452
Other assets, net		43,106	59,916
Assets held for sale	[2]		21,927
Total Assets		1,967,208	2,148,133
Liabilities:
Accounts payable and accrued expenses		39,645	49,974
Mortgage notes and other secured borrowings	[3]	587,086	853,267
Unsecured borrowings		517,000	345,000
Intangible lease liabilities, net		63,874	86,243
Other liabilities		33,652	47,789
Liabilities associated with assets held for sale			1,880
Total Liabilities		1,241,257	1,384,153
Stockholders' equity:
Common stock, $0.01 par value; 1,000,000,000 shares authorized; 164,124,057 and 178,399,679 shares issued and outstanding, as of December 31, 2015 and December 31, 2014, respectively	[4]	1,641	1,784
Additional paid-in capital		1,470,859	1,586,444
Distributions in excess of earnings		(832,681)	(893,791)
Accumulated other comprehensive loss		(11,014)	(10,120)
Total stockholders' equity		628,805	684,317
Noncontrolling interests		97,146	79,663
Total Equity		725,951	763,980
Total Liabilities and Equity		$ 1,967,208	$ 2,148,133
[1]	Includes approximately $76.9 million and $82.7 million, after accumulated depreciation and amortization, in consolidated real property variable interest entity investments as of December 31, 2015 and 2014, respectively.
[2]	Includes other assets and restricted cash related to properties classified as held for sale in the accompanying balance sheet as of December 31, 2014.
[3]	Includes approximately $50.1 million and $59.4 million in consolidated mortgage notes in variable interest entity investments as of December 31, 2015 and 2014, respectively.
[4]	Includes 137,275,396 shares of Class E common stock, 1,703,109 shares of Class A common stock, 1,811,277 shares of Class W common stock, and 23,334,275 shares of Class I common stock issued and outstanding as of December 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.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands		Dec. 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		164,124,057	178,399,679
Common stock, shares outstanding		164,124,057	178,399,679
Investment in real property	[1]	$ 1,874,217	$ 1,929,426
Class E [Member]
Common stock, shares issued		137,275,396	163,067,835
Common stock, shares outstanding		137,275,396	163,067,835
Class A [Member]
Common stock, shares issued		1,703,109	1,187,215
Common stock, shares outstanding		1,703,109	1,187,215
Class W [Member]
Common stock, shares issued		1,811,277	1,116,698
Common stock, shares outstanding		1,811,277	1,116,698
Class I [Member]
Common stock, shares issued		23,334,275	13,027,931
Common stock, shares outstanding		23,334,275	13,027,931
Variable interest entity investments [Member]
Investment in real property		$ 76,900	$ 82,700
Mortgage notes		$ 50,100	$ 59,400
[1]	Includes approximately $76.9 million and $82.7 million, after accumulated depreciation and amortization, in consolidated real property variable interest entity investments as of December 31, 2015 and 2014, respectively.

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014		Dec. 31, 2013
REVENUE:
Rental revenue		$ 218,278	$ 224,201		$ 207,328
Debt related income		6,922	7,396		10,449
Total Revenue		225,200	231,597		217,777
EXPENSES:
Rental expense		59,590	50,997		43,672
Real estate depreciation and amortization expense		83,114	88,994		87,174
General and administrative expenses	[1]	10,720	11,108		9,774
Advisory fees, related party		17,083	15,919		15,120
Acquisition-related expenses		2,644	1,205		536
Impairment of real estate property	[2]	8,124	9,500		2,600
Total Operating Expenses		181,275	177,723		158,876
Other Income (Expenses):
Interest and other income (expense)		2,192	1,168		(153)
Interest expense		(47,508)	(61,903)		(65,325)
Loss on extinguishment of debt and financing commitments		(1,168)	(63)		(2,507)
Gain on sale of real property	[3]	134,218	10,914
Income (loss) from continuing operations		$ 131,659	3,990		(9,084)
Discontinued operations			30,004	[4]	65,554	[4]
Net income		$ 131,659	33,994		56,470
Net income attributable to noncontrolling interests		(7,404)	(4,802)		(4,002)
Net income attributable to common stockholders		$ 124,255	$ 29,192		$ 52,468
Net income (loss) per basic and diluted common share:
Continuing operations		$ 0.70	$ 0.02		$ (0.05)
Discontinued operations			0.14		0.34
NET INCOME PER BASIC AND DILUTED COMMON SHARE		$ 0.70	$ 0.16		$ 0.29
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
Basic		175,938	178,273		178,196
Diluted		188,789	190,991		191,932
[1]	Includes approximately $7.1 million, $6.8 million and $4.7 million paid to our Advisor and its affiliates for reimbursable expenses during the years ended December 31, 2015, 2014, and 2013, respectively.
[2]	Includes approximately $125,000 paid to our Advisor for advisory fees associated with the disposition of real properties during the year ended December 31, 2015.
[3]	Includes approximately $4.8 million and $419,000 paid to our Advisor for advisory fees associated with the disposition of real properties during the years ended December 31, 2015 and 2014, respectively.
[4]	Includes approximately $1.6 million and $2.6 million paid to our Advisor for fees associated with the disposition of real properties during the years ended December 31, 2014 and 2013, respectively.

CONSOLIDATED STATEMENTS OF INC5

CONSOLIDATED STATEMENTS OF INCOME (Parenthetical) - USD ($)		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014		Dec. 31, 2013
General and administrative expenses	[1]	$ 10,720,000	$ 11,108,000		$ 9,774,000
Impairment of real estate property	[2]	8,124,000	9,500,000		2,600,000
Gain on sale of real property	[3]	$ 134,218,000	10,914,000
Discontinued operations			30,004,000	[4]	65,554,000	[4]
Advisory Fees Related to the Disposition Of Real Properties [Member]
Impairment of real estate property		$ 125,000
Gain on sale of real property		4,800,000	419,000
Discontinued operations			1,600,000		2,600,000
Advisory Fees [Member]
General and administrative expenses		$ 7,100,000	$ 6,800,000		$ 4,700,000
[1]	Includes approximately $7.1 million, $6.8 million and $4.7 million paid to our Advisor and its affiliates for reimbursable expenses during the years ended December 31, 2015, 2014, and 2013, respectively.
[2]	Includes approximately $125,000 paid to our Advisor for advisory fees associated with the disposition of real properties during the year ended December 31, 2015.
[3]	Includes approximately $4.8 million and $419,000 paid to our Advisor for advisory fees associated with the disposition of real properties during the years ended December 31, 2015 and 2014, respectively.
[4]	Includes approximately $1.6 million and $2.6 million paid to our Advisor for fees associated with the disposition of real properties during the years ended December 31, 2014 and 2013, respectively.

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net Income	$ 131,659	$ 33,994	$ 56,470
Other Comprehensive (Loss) Income:
Net unrealized change from available-for-sale securities		(211)
Change from cash flow hedging derivatives	(977)	721	4,975
Total Other Comprehensive (Loss) Income	(977)	510	4,975
Comprehensive income	130,682	34,504	61,445
Comprehensive income attributable to noncontrolling interests	(7,321)	(4,637)	(3,577)
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ 123,361	$ 29,867	$ 57,868

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Distributions in Excess of Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interests	Total
Beginning Balances (in shares) at Dec. 31, 2012	178,128,000
Beginning Balances at Dec. 31, 2012	$ 1,781	$ 1,610,996	$ (850,885)	$ (16,196)	$ 95,831	$ 841,527
Comprehensive income (loss):
Net income			52,468		4,002	56,470
Unrealized change from cash flow hedging derivatives				4,621	354	4,975
Common stock:
Issuance of common stock, net of offering costs (in shares)	7,864,000
Issuance of common stock, net of offering costs	$ 78	48,611				48,689
Redemptions of common stock (in shares)	(9,985,000)
Redemptions of common stock	$ (99)	(68,432)				(68,531)
Distributions declared on common stock			(62,330)			(62,330)
Noncontrolling interests:
Contributions from noncontrolling interest					212	212
Distributions declared to noncontrolling interests					(5,446)	(5,446)
Redemptions of noncontrolling interests		(5,549)		781	(1,408)	(6,176)
Buyout of noncontrolling interest		(2,740)			(1,639)	(4,379)
Ending Balances (in shares) at Dec. 31, 2013	176,007,000
Ending Balances at Dec. 31, 2013	$ 1,760	1,582,886	(860,747)	(10,794)	91,906	805,011
Comprehensive income (loss):
Net income			29,192		4,802	33,994
Net unrealized change from available-for-sale securities				(196)	(15)	(211)
Unrealized change from cash flow hedging derivatives				671	50	721
Common stock:
Issuance of common stock, net of offering costs (in shares)	13,923,000
Issuance of common stock, net of offering costs	$ 140	86,961				87,101
Issuance of common stock, stock-based compensation plans (in shares)	136,000
Issuance of common stock, stock-based compensation plans	$ 1	776				777
Redemptions of common stock (in shares)	(11,666,000)
Redemptions of common stock	$ (117)	(82,119)				(82,236)
Amortization of stock based compensation		30				30
Distributions declared on common stock			(62,236)			(62,236)
Noncontrolling interests:
Contributions from noncontrolling interest					104	104
Distributions declared to noncontrolling interests					(9,390)	(9,390)
Redemptions of noncontrolling interests		(1,121)		199	(6,978)	(7,900)
Buyout of noncontrolling interest		(969)			(816)	$ (1,785)
Ending Balances (in shares) at Dec. 31, 2014	178,400,000					178,399,679
Ending Balances at Dec. 31, 2014	$ 1,784	1,586,444	(893,791)	(10,120)	79,663	$ 763,980
Comprehensive income (loss):
Net income			124,255		7,404	131,659
Unrealized change from cash flow hedging derivatives				(922)	(55)	(977)
Common stock:
Issuance of common stock, net of offering costs (in shares)	14,262,000
Issuance of common stock, net of offering costs	$ 142	96,807				96,949
Issuance of common stock, stock-based compensation plans (in shares)	618,000
Issuance of common stock, stock-based compensation plans	$ 6	1,257				1,263
Redemptions of common stock (in shares)	(29,156,000)
Redemptions of common stock	$ (291)	(213,505)				(213,796)
Amortization of stock based compensation		32				32
Distributions declared on common stock			(63,145)			(63,145)
Noncontrolling interests:
Contributions from noncontrolling interest					17,337	17,337
Distributions declared to noncontrolling interests					(4,689)	(4,689)
Redemptions of noncontrolling interests		(176)		28	(2,514)	$ (2,662)
Ending Balances (in shares) at Dec. 31, 2015	164,124,000					164,124,057
Ending Balances at Dec. 31, 2015	$ 1,641	$ 1,470,859	$ (832,681)	$ (11,014)	$ 97,146	$ 725,951

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
OPERATING ACTIVITIES:
Net Income		$ 131,659	$ 33,994	$ 56,470
Adjustments to reconcile net income to net cash provided by operating activities:
Real estate depreciation and amortization expense		83,114	88,994	108,191
Gain on disposition of real property		(134,218)	(40,592)	(74,306)
Impairment loss on real estate property	[1]	8,124	9,500	2,600
Collection of accrued interest from debt investment		6,421
Loss on extinguishment of debt and financing commitments		1,168	63	2,507
Other adjustments to reconcile net income to net cash provided by operating activities		4,660	8,565	7,328
Changes in operating assets and liabilities		4,602	(13,295)	(16,201)
Net cash provided by operating activities		105,530	87,229	86,589
INVESTING ACTIVITIES:
Acquisition of real property		(319,577)	(125,509)	(48,228)
Capital expenditures in real property		(26,204)	(14,944)	(25,436)
Proceeds from disposition of real property		359,817	105,322	133,485
Investment in debt related investments		(1,503)		(10,848)
Principal collections on debt related investments		64,769	24,052	29,018
Other investing activities		(2,881)	(4,023)	(5,144)
Net cash provided by investing activities		74,421	(15,102)	72,847
FINANCING ACTIVITIES:
Mortgage note proceeds		70,626
Mortgage note principal repayments		(136,658)	(52,977)	(29,046)
Defeasance of mortgage note borrowings		(53,267)
Net proceeds from revolving line of credit borrowings		92,000	45,000
Net proceeds from term loan borrowings		80,000
Repayment of other secured borrowings		(25,796)	(1,122)	(44,256)
Redemption of common shares		(225,720)	(81,990)	(66,073)
Distributions on common stock		(42,439)	(41,239)	(41,050)
Proceeds from sale of common stock		80,609	74,916	30,917
Offering costs for issuance of common stock		(4,602)	(4,568)	(3,812)
Distributions to noncontrolling interest holders		(4,591)	(9,501)	(5,599)
Redemption of OP Unit holder interest		(2,750)	(8,219)	(6,405)
Other financing activities		(6,055)	(2,744)	(6,206)
Net cash used in financing activities		(178,643)	(82,444)	(171,530)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		1,308	(10,317)	(12,094)
CASH AND CASH EQUIVALENTS, beginning of period		14,461	24,778	36,872
CASH AND CASH EQUIVALENTS, end of period		15,769	14,461	24,778
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest		45,321	58,330	72,352
Supplemental Disclosure of Noncash Investing and Financing Activities:
Assumed mortgage		11,869		57,897
Common stock issued pursuant to the distribution reinvestment plan		21,347	20,831	21,473
Issuances of OP Units for beneficial interests		7,324
Non-cash repayment of mortgage note and other secured borrowings	[2]	139,236	115,387	285,756
Non-cash disposition of real property	[2]	128,008	107,075	225,409
Non-cash origination of debt related investments	[2]	11,228	7,125	$ 46,183
Non-cash investment in real property		$ 11,869	$ 12,232
[1]	Includes approximately $125,000 paid to our Advisor for advisory fees associated with the disposition of real properties during the year ended December 31, 2015.
[2]	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	12 Months Ended
	Dec. 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. 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 “ Prior Registration Statement”). The Prior Registration Statement applied to the offer and sale (the “Prior Offering”) of up to $3,000,000,000 of our shares of common stock, of which $2,250,000,000 of shares were expected to be offered to the public in a primary offering and $750,000,000 of shares were 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 Prior Offering, we offered 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 “Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities” and Exhibit 99.1 of this Annual Report on Form 10-K 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. On September 15, 2015, we terminated the Prior Offering. Through September 15, 2015, the date our Prior Offering terminated, we had raised gross proceeds of approximately $183.0 million from the sale of approximately 25.8 million shares in the Prior Offering, including approximately $3.4 million through our distribution reinvestment plan. On September 16, 2015, the Commission declared effective our Registration Statement on Form S-11 (Registration Number 333-197767) (the “Follow-On Registration Statement”). The Follow-On Registration Statement applies to the Company’s follow-on “best efforts” offering of up to $1,000,000,000 of the Company’s Class A, Class I and Class W shares of common stock, of which $750,000,000 of shares are expected to be offered to the public in a primary offering and $250,000,000 of shares are expected to be offered to stockholders of the Company pursuant to its distribution reinvestment plan (subject to the Company’s right to reallocate such amounts) (the “Follow-On Offering”). As of December 3 1 , 2015, we had raised gross proceeds of approximately $13.7 million from the sale of approximately 1.8 million shares in the Follow-On Offering. As of December 31, 2015, we had raised aggregate gross proceeds of approximately $196.7 million from the sale of approximately 27.6 million shares, including approximately $4.6 million raised through our distribution reinvestment plan. As of December 31, 201 5 , approximately $986.3 million in shares remained available for sale pursuant to the Follow-on Offering, including approximately $248.8 million in shares available for sale through our distribution reinvestment plan.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation Due to our control of our Operating Partnership through our sole general partnership interest and the limited rights of the limited partners, we consolidate our Operating Partnership, and limited partner interests not held by us are reflected as noncontrolling interests in the accompanying consolidated financial statements (herein referred to as “financial statements”). All significant intercompany accounts and transactions have been eliminated in consolidation. Our financial statements also include the accounts of our consolidated subsidiaries and joint ventures through which we are the primary beneficiary, when such subsidiaries and joint ventures are variable interest entities, or through which we have a controlling interest. In determining whether we have a controlling interest in a joint venture and the requirement to consolidate the accounts of that entity, we consider factors such as ownership interest, board representation, management representation, authority to make decisions, and contractual and substantive participating rights of the partners/members as well as whether the entity is a variable interest entity in which we have the power to direct the activities that most significantly impact the entity’s economic performance and the obligation to absorb losses that could potentially be significant to the entity or the right to receive benefits that could potentially be significant to the entity. All joint ventures in which we have investments are variable interest entities. All of our investments in joint ventures represent our interests in real estate partnerships, formed for the purpose of acquiring, leasing, managing, holding for investment, selling and otherwise dealing with real property investments. Our involvement with our joint ventures affects our financial position, financial performance and cash flows in ways similar to direct ownership of real property investment. We own a significantly disproportionate majority of the ownership interests of our joint ventures. In each of our joint ventures, our joint venture partner performs the day-to-day management of the real properties owned by the respective joint ventures. However, in each of our joint ventures, we approve the activities that most significantly impact the joint venture’s economic performance. Due to our substantive approval rights and our exposure to the economic returns and losses of each of the joint ventures, we are the primary beneficiary of each of our joint ventures. Based on these considerations, we consolidate all of our investments in joint ventures. See our consolidated balance sheets for disclosure of the amount of real property and mortgage note borrowings that we consolidated through our investments in variable interest entities as of December 31, 2015 and 2014. Judgments made by us with respect to our level of influence or control of an entity and whether we are the primary beneficiary of a variable interest entity involve consideration of various factors, including the form of our ownership interest, the size of our investment (including loans), our ability to direct the activities of the entity, and our obligation to absorb the losses of, or, our right to receive benefits from the entity. Our ability to correctly assess our influence or control over an entity affects the presentation of these investments in our financial statements and, consequently, our financial position and specific items in our results of operations that are used by our stockholders, lenders and others in their evaluation of us. The maximum risk of loss related to our investment in these consolidated variable interest entities is limited to our recorded investments in such entities. The creditors of the consolidated variable interest entities do not have recourse to our general credit. Generally, we consolidate real estate partnerships and other entities that are not variable interest entities when we own, directly or indirectly, a majority voting interest in the entity. Reclassifications Certain amounts included in the accompanying financial statements for 2014 and 2013 have been reclassified to conform to the 2015 financial statement presentation with no effect on previously reported net income (loss) or equity. We reclassified certain third-party payments related to efforts to acquire real properties that were not ultimately completed (“terminated acquisition costs”) incurred during the years en ded December 31, 2014 and 2013 , from “general and administrative expenses” int o “acquisition-related expenses ” , none of which are material. Balance sheet amounts for properties classified as held for sale have been reclassified as of December 31, 2014. Statements of income amounts for properties classified as discontinued operations have been reclassified for the years ended December 31, 2014 and 2013. After December 31, 2013, a discontinued operation is a component (or group of components) of the entity, the disposal of which would represent a strategic shift that has (or will have) a major effect on the entity’s operations and financial results, when such component (or group of components) have been disposed of or classified as held for sale. Through December 31, 2013, discontinued operations represent properties that we have either disposed of or have classified as held for sale if both the operations and cash flows of the property have been or will be eliminated from our ongoing operations as a result of the disposal transaction and if we will not have any significant continuing involvement in the operations of the property after the disposal transaction. Amounts in our segment and quarterly financial data disclosures in Notes 13 and 16 reflect the reclassification of amounts related to properties classified as discontinued operations as of December 31, 2014. Investments Real Property Costs associated with the acquisition of real property, including acquisition fees paid to our Advisor, are expensed as incurred. In addition, we estimate the fair value of contingent consideration and contingencies related to acquisitions of real property in determining the total cost of the property acquired. Subsequent changes in the fair value of such contingent consideration are recorded either as a gain or loss in our consolidated statements of income. Contingencies are subsequently adjusted through the consolidated statements of income when new information becomes available indicating that settlement of a contingent liability is probable and can be estimated at an amount greater than the acquisition date fair value, or the contingency is resolved, in which case the contingent asset or liability is derecognized. Costs associated with the development and improvement of our real property assets are capitalized as incurred. Costs incurred in making repairs and maintaining real estate assets are expensed as incurred. During the land development and construction periods, we capitalize interest costs, insurance, real estate taxes and certain general and administrative costs if such costs are incremental and identifiable to a specific activity to get the asset ready for its intended use. The results of operations for acquired real property are included in our accompanying statements of income from their respective acquisition dates. Upon acquisition, the total cost of a property is allocated to land, building, building and land improvements, tenant improvements and intangible lease assets and liabilities. The purchase price allocation of the total cost to land, building, building improvements, tenant improvements, intangible lease assets and intangible lease liabilities is based on our estimate of the property’s as-if vacant fair value. The as-if vacant fair value is calculated by using all available information such as the replacement cost of such asset, appraisals, property condition reports, market data and other related information. The difference between the fair value and the face value of debt assumed in an acquisition is recorded as an adjustment to the purchase price allocation. The allocation of the total cost of a property to an intangible lease asset includes the value associated with the in-place leases, which may include lost rent, leasing commissions, tenant improvements, legal and other costs. We record acquired “above-market” and “below-market” leases at their fair value equal to the difference between the contractual amounts to be paid pursuant to each in-place lease and our estimate of fair market lease rates for each corresponding in-place lease, measured over a period equal to the remaining term of the lease for above-market leases and the remaining term of the lease plus the term of any below-market fixed-rate renewal option periods for below-market leases. In addition, we allocate a portion of the purchase price of an acquired property to the estimated value of customer relationships, if any. As of December 31, 2015, we had not recognized any estimated value to customer relationships. The following table summarizes the amounts that we have incurred in amortization expense for intangible lease assets and adjustments to rental revenue for above-market lease assets and below-market lease liabilities for the years ended December 31, 2015, 2014 and 2013 (amounts in thousands). For the Year Ended December 31, 2015 2014 2013 Above-market lease assets $ (5,216) $ (6,708) $ (7,293) Below-market lease liabilities 6,029 7,324 7,537 Net increase to rental revenue $ 813 $ 616 $ 244 Intangible lease asset amortization $ (44,260) $ (48,937) $ (62,325) We expense any unamortized intangible lease asset or record an adjustment to rental revenue for any unamortized above-market lease asset or below-market lease liability when a tenant terminates a lease before the stated lease expiration date. We recorded an insignificant amount of adjustments related to write-offs of unamortized intangible lease assets and liabilities due to early lease terminations during the years ended December 31, 2015, 2014 and 2013. Real property assets, including land, building, building and land improvements, tenant improvements, lease commissions, and intangible lease assets and liabilities are stated at historical cost less accumulated depreciation and amortization. Depreciation and amortization are computed on a straight-line basis over their estimated useful lives as described in the following table. Description Depreciable Life Land Not depreciated Building 40 years Building and land improvements 5 - 40 years Tenant improvements Lesser of useful life or lease term Lease commissions Over lease term Intangible in-place lease assets Over lease term Above-market lease assets Over lease term Below-market lease liabilities Over lease term, including below-market fixed-rate renewal options The following table presents expected amortization during the next five years and thereafter related to the acquired above-market lease assets, below-market lease liabilities and acquired in-place lease intangibles, for properties owned as of December 31, 2015 (amounts in thousands). For the Year Ended December 31, 2016 2017 2018 2019 2020 Thereafter Total Acquired above-market lease assets $ (5,098) $ (2,505) $ (729) $ (643) $ (248) $ (698) $ (9,921) Acquired below-market lease liabilities 5,749 5,079 4,474 3,748 3,042 41,782 63,874 Net rental revenue increase $ 651 $ 2,574 $ 3,745 $ 3,105 $ 2,794 $ 41,084 $ 53,953 Acquired in-place lease intangibles $ 45,472 $ 27,756 $ 16,721 $ 11,568 $ 6,649 $ 20,527 $ 128,693 Discontinued Operations and Held for Sale Beginning with the year ended December 31, 2014, a discontinued operation is defined as a component (or group of components) of the entity, the disposal of which would represent a strategic shift that has (or will have) a major effect on the entity’s operations and financial results, when such a component (or group of components) has been disposed of or classified as held for sale. Through December 31, 2013, we present the results of operations and the respective aggregate net gains (losses) of any property or group of properties that were disposed or classified as held for sale as of the end of each year 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. Interest expense is included in discontinued operations only if it is directly attributable to these operations or properties. The results of operations of properties that have been classified as discontinued operations are reported as discontinued operations for all periods presented. We classify real property as held for sale when our management commits to a plan to sell the property, the plan has appropriate approvals, the sale of the property is probable, and certain other criteria are met. At such time, the respective assets and liabilities are presented separately on our balance sheets and depreciation is no longer recognized. Assets held for sale are reported at the lower of their carrying amount or their estimated fair value less the costs to sell the assets. We recognize an impairment loss for assets held for sale if the current net book value of the property exceeds its fair value less selling costs. As of December 31, 2014 and 2013, one and 12 of our properties were classified as held for sale, respectively. Debt Related Investments Debt related investments are considered to be held for investment, as we have both the intent and ability to hold these investments until maturity. Accordingly, these assets are carried at cost, net of unamortized loan origination costs and fees, discounts, repayments and unfunded commitments unless such loans or investments are deemed to be impaired. Revenue Recognition Revenue Recognition — Real Property We record rental revenue for the full term of each lease on a straight-line basis. Certain properties have leases that offer the tenant a period of time where no rent is due or where rent payments increase during the term of the lease. Accordingly, we record a receivable from tenants for rent that we expect to collect over the remaining lease term rather than currently, which is recorded as straight-line rents receivable. When we acquire a property, the term of existing leases is considered to commence as of the acquisition date for purposes of this calculation. Tenant recovery income includes payments from tenants for real estate taxes, insurance and other property operating expenses and is recognized as rental revenue. The following table summarizes straight-line rental adjustments and tenant recovery income received from tenants for real estate taxes, insurance and other property operating expenses and recognized as rental revenue for the years ended December 31, 2015, 2014, and 2013 (amounts in thousands): For the Year Ended December 31, 2015 2014 2013 Straight-line rent adjustments $ (976) $ 3,037 $ 8,864 Tenant recovery income (1) $ 37,526 $ 31,092 $ 33,029 (1) Tenant recovery income excludes real estate taxes that were paid directly by our tenants that are subject to triple net lease contracts. Such payments totaled approximately $7.0 million, $12.4 million and $12.6 million during the years ended December 31, 2015, 2014, and 2013, respectively. Impairment Impairment — Real Property We review our investments in real property individually on a quarterly basis, and more frequently when such an evaluation is warranted, to determine their appropriate classification, as well as whether there are indicators of impairment. The investments in real property are either classified as held and used or held for sale. As of December 31, 2015, all of our properties were classified as held and used. The held and used assets are reviewed for indicators of impairment, which may include, among others, vacancy, each tenant’s inability to make rent payments, operating losses or negative operating trends at the property level, notification by a tenant that it will not renew its lease, a decision to dispose of a property, including a change in estimated holding periods, or adverse changes in the fair value of any of our properties. If indicators of impairment exist on a held and used asset, we compare the future estimated undiscounted cash flows from the expected use of the property to its net book value to determine if impairment exists. If the sum of the future estimated undiscounted cash flows is greater than the current net book value, we conclude no impairment exists. If the sum of the future estimated undiscounted cash flows is less than its current net book value, we recognize an impairment loss for the difference between the net book value of the property and its estimated fair value . If a property is classified as held for sale, we recognize an impairment loss if the current net book value of the property exceeds its fair value less selling costs. If our assumptions, projections or estimates regarding a property change in the future, we may have to record an impairment charge to reduce or further reduce the net book value of the property. See Note 3 for a discussion of impairment charges relating to our real properties recorded during the years ended December 31, 2015, 2014, and 2013. Impairment — Debt Related Investments We review 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, the Financial Accounting Standards Board (the “FASB”) issued ASC Topic 310, Receivables , which permits a creditor to measure impairment based on the fair value of the collateral of an impaired collateral-dependent debt related investment or to measure impairment based on an observable market price for the impaired debt related investment as an alternative to discounting expected future cash flows. Regardless of the measurement method, a creditor should measure impairment based on the fair value of the collateral when the creditor determines that foreclosure is probable. A debt related investment is also considered impaired if its terms are modified in a troubled debt restructuring (“TDR”). A TDR occurs when we grant a concession to a borrower in financial difficulty by modifying the original terms of the loan. Impairments on TDR loans are generally measured based on the present value of expected future cash flows discounted at the effective interest rate of the original loan. See Note 4 for a discussion of impairment charges relating to our debt related investments recorded during the years ended December 31, 2015, 2014, and 2013. Derivative Instruments and Hedging Activities We record all derivative instruments in the accompanying balance sheets at fair value. Accounting for changes in the fair value of a derivative instrument depends on the intended use of the derivative instrument and the designation of the derivative instrument. Derivative instruments used to hedge exposure to changes in the fair value of an asset, liability, or firm commitments attributable to a particular risk, such as interest rate risk, are considered “fair value” hedges. Derivative instruments used to hedge exposure to variability in expected future cash flows, such as future interest payments, or other types of forecasted transactions, are considered “cash flow” hedges. We do not have any fair value hedges. For derivative instruments designated as cash flow hedges, the changes in the fair value of the derivative instrument that represent changes in expected future cash flows, which are effectively hedged by the derivative instrument, are initially reported as other comprehensive income (loss) in the statement of equity until the derivative instrument is settled. Upon settlement, the effective portion of the hedge is recognized as other comprehensive income (loss) and amortized over the term of the designated cash flow or transaction the derivative instrument was intended to hedge. The change in value of any derivative instrument that is deemed to be ineffective is charged directly to earnings when the determination of hedge ineffectiveness is made. We assess the effectiveness of each hedging relationship by comparing the changes in fair value or cash flows of the derivative instrument with the changes in fair value or cash flows of the designated hedged item or transaction. For purposes of determining hedge ineffectiveness, management estimates the timing and potential amount of future fixed-rate debt issuances each quarter in order to estimate the cash flows of the designated hedged item or transaction. Management considers the likelihood of the timing and amount of entering into such forecasted transactions when determining the expected future fixed-rate debt issuances. We do not use derivative instruments for trading or speculative purposes. We classify cash paid to settle our forward starting swaps as financing activities in our statements of cash flows. Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and highly liquid investments with original maturities of three months or less such as money market mutual funds or certificates of deposits. As of both December 31, 2015 and 2014, we have not realized any losses in such cash accounts or investments and believe that we are not exposed to any significant credit risk. Restricted Cash Restricted cash consists primarily of lender and property-related escrow accounts. As of both December 31, 2015 and 2014, we had not realized any losses in such restricted cash accounts or investments related to, and believe that we are not exposed to, any significant credit risk. Collectability of Receivables We evaluate the collectability of our rent and other receivables on a regular basis based on factors including, among others, payment history, the financial strength of the tenant or borrower and any guarantors. Specifically with regards to our debt related investments, we evaluate the collectability of our receivables based on factors including, among others, the value of the underlying collateral, the operations and operating trends of the underlying collateral, if any, the asset type and current economic conditions. If our evaluation of these factors indicates we may not recover the full amount of the receivable, we provide a reserve against the portion of the receivable that we estimate may not be recovered. This analysis requires us to determine whether there are factors indicating a receivable may not be fully collectible and to estimate the amount of the receivable that may not be collected. As of December 31, 2015 and 2014, we had rent and other receivables of approximately $34.1 million and $48.3 million included in the caption other assets in our accompanying balance sheets, respectively, related to which we recorded allowances of approximately $628,000 and $261,000 included in the caption other assets, respectively. If our assumptions or estimates regarding the collectability of a receivable change in the future, we may have to record allowances to reduce or further reduce the carrying value of the receivable. Accumulated Other Comprehensive Loss Accumulated other comprehensive loss as reported in the accompanying statements of equity primarily consists of the cumulative loss related to our derivatives of $9.1 million, before attribution to noncontrolling interests of $877,000 , and cumulative gain related to our real estate securities of approximately $200,000 , before attribution of a cumulative loss to noncontrolling interests of $1.2 million. Basic and Diluted Net Income (Loss) per Common Share Basic net income (loss) per common share is determined by dividing net income (loss) attributable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per common share includes the effects of potentially issuable common stock, but only if dilutive, including the presumed exchange of OP Units. Stock-Based Compensation Independent Director RSU Awards On December 5, 2013, our board of directors approved revised compensation for our independent directors. In connection with the revised compensation plan, at each annual meeting of stockholders the independent directors will automatically, upon election, rece ive an award of restricted stock units (“RSUs”) with respect to Class I shares of our common stock, with the number of RSUs based on the NAV per Class I share as of the end of the day of the annual meeting. RSUs granted under this plan are measured at fair value on the grant date and amortized to compensation expense on a straight-line basis over the service period after which the awards fully vest. Such expense is included in “general and administrative expenses” in our Consolidated Statements of Income. The fair value of these awards is measured at our NAV per share. RSUs awarded to our independent directors vest no later than one year from the date of grant. Advisor RSU 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, our Advisor and the personnel of our Advisor and its affiliates, and to promote retention of the personnel of our Advisor and its affiliates. Each restricted stock unit granted pursuant to the Advisor RSU Agreements (the “Company RSU”) will, upon vesting, entitle our Advisor to one Class I share of our common stock. The Advisor is expected to redistribute a significant portion of the Company RSUs and/or shares to senior level employees of our Advisor and its affiliates that provide services to us, although the terms of such redistributions (including the timing, amount and recipients) remain solely in the discretion of our Advisor. 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 our Advisor. Each offset amount equals the number of Company RSUs vesting on such date multiplied by the NAV per Class I share publicly disclosed by us as of the end of the grant date. Each offset amount is always calculated based on the grant date NAV per Class I share, even beyond the initial vesting date. 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 our Advisor under the Advisory Agreement, our Advisor shall promptly pay any shortfall to us. 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), our Advisor will be entitled to dividend equivalents (“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 outstanding. Any such Dividend Equivalents may be paid in cash or Class I shares, at our Advisor’s election. Accordingly, we classify Company RSUs as participating securities because participants receive dividends on unvested shares. We recognize all Company RSUs as outstanding common shares as of the grant date and record unvested dividends as dividends. Restricted Stock Grants Effective February 25, 2015 and March 4, 2014, we granted 49,263 and 44,793 restricted shares of Class I common stock , respectively, to certain employees of our Advisor and its affiliates, none of which are our named executive officers . Restricted stock grants are measured at fair value during the service period and recorded to compensation expense over the service period after which the grants fully vest. Such expense is included in “general and administrative expenses” in our Consolidated Statements of Income. The fair value of these awards is measured at our NAV per share as of the date the shares vest. During the years ended December 31, 2015 and 2014, we recorded approximately $188,000 and $125,000 within “general and administrative expenses” in our Consolidated Statements of Income, respectively. Our restricted stock generally vests ratably over a period of three to four years. Dealer Manager and Distribution Fees Dividend Capital Securities LLC, which we refer to as our “Dealer Manager,” distributes the shares of our common stock in our public offering on a “best efforts” basis. Our 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 our public offering. Among other fees, we pay our Dealer Manager (i) a dealer manager fee which accrues daily in an amount equal to 1/365th of 0.6% of our NAV per share of Class A and Class W shares outstanding and an amount equal to 1/365th of 0.1% of our NAV per share of Class I shares outstanding on such day on a continuous basis, and (ii) a distribution fee which accrues daily in an amount equal to 1/365th of 0.5% of our NAV per share of Class A shares outstanding on such day on a continuous basis. We cease paying the dealer manager fee and distribution fee with respect to shares sold in the offering on the earlier to occur of the following: (i) a listing of the class of such shares on a national securities exchange, (ii) following the completion of an offering, total underwriting compensation in the offering equaling 10% of the gross proceeds from the primary portion of the respective offering, or (iii) such shares no longer being outstanding. We account for these dealer manager and distribution fees as a reduction in proceeds received from the sale of common stock. We recognize our obligation to pay such fees on a periodic basis, along with a corresponding reduction against the proceeds raised, as such fees become payable to our dealer manager pursuant to the terms of the dealer manager agreement. We record the net proceeds raised from the sale of common stock as equity as we sells such shares. However, we record the corresponding reduction to capital as dealer manager and distribution fees become contractually due to our Dealer Manager pursuant to the terms of the dealer manager agreement. The payment of dealer manager and distribution fees may extend several years after the sale of the related shares of common stock. See Note 11 for further discussion of dealer manager and distribution fees. Use of Estimates The preparation of the financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions relating to the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ materially from those estimates. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected in the periods they are determined to be necessary. New Accounting Pronouncements In January 2016, the FASB issued Accounting Standards Update 2016-01, which changes the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. The FASB also clarifies the guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The guidance will be effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2017. The guidance should be applied prospectively. Earlier applic

Investments in Real Property

Investments in Real Property	12 Months Ended
	Dec. 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 December 31, 2015 and 2014 (amounts in thousands): Real Property Land Building and Improvements Intangible Lease Assets Total Investment Amount Intangible Lease Liabilities Net Investment Amount As of December 31, 2015: Office $ 203,889 $ 833,655 $ 310,629 $ 1,348,173 $ (18,923) $ 1,329,250 Industrial 9,572 65,307 16,436 91,315 (344) 90,971 Retail 260,761 570,700 109,225 940,686 (74,282) 866,404 Total gross book value 474,222 1,469,662 436,290 2,380,174 (93,549) 2,286,625 Accumulated depreciation/amortization — (208,281) (297,676) (505,957) 29,675 (476,282) Total net book value $ 474,222 $ 1,261,381 $ 138,614 $ 1,874,217 $ (63,874) $ 1,810,343 As of December 31, 2014: Office (1) $ 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 $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 year ended December 31, 2015 (dollar amounts and square footage in thousands): Real Property Property Type Market Number of Properties Date of Acquisition Acquired Ownership Contract Price Net Rentable Square Feet Percent Leased at Acquisition Bank of America Tower Office South Florida 1 12/11/15 100% $ 35,750 110 87% Yale Village Retail Tulsa, OK 1 12/9/15 100% 31,800 101 100% Chester Springs Retail Northern New Jersey 1 10/8/15 100% 53,781 223 95% Venture Corporate Center Office South Florida 1 8/6/15 100% 45,750 253 97% Shenandoah Retail South Florida 1 8/6/15 100% 32,670 124 100% City View Office Austin, TX 1 4/24/15 100% 68,750 274 99% South Cape Retail Greater Boston (1) 1 3/18/15 100% 35,450 143 92% Rialto Office Austin, TX 1 1/15/15 100% 37,300 155 94% Total 2015 real property acquisitions 8 $ 341,251 1,383 96% (1) Our Greater Boston market comprises the greater metro area around Boston, MA. As of December 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 allocations of the fair value of the real properties we acquired during the year ended December 31, 2015 to land, building and improvements, intangible lease assets, intangible lease liabilities, and mark-to-market adjustment on assumed debt (dollar amounts in thousands). We have not made any material adjustments related to these allocations. Weighted-Average Amortization Period (Years) Real Property Land Building and Improvements Intangible Lease Assets Intangible Lease Liabilities Mark-to-Market Adjustment on Assumed Debt Total Fair Value Prorations and Credits Contract Price Intangible Lease Assets Intangible Lease Liabilities Bank of America Tower $ 5,030 $ 25,202 $ 5,715 $ (337) $ — $ 35,610 $ 140 $ 35,750 6.6 6.1 Yale Village 3,492 23,750 6,905 (2,347) — 31,800 — 31,800 14.8 24.3 Chester Springs 7,376 43,892 7,263 (4,750) — 53,781 — 53,781 4.8 19.0 Venture Corporate Center 12,047 22,183 11,968 (798) — 45,400 350 45,750 6.3 6.1 Shenandoah 10,501 22,959 4,438 (4,294) (934) 32,670 — 32,670 13.0 18.9 City View 4,606 55,868 9,382 (1,543) — 68,313 437 68,750 4.5 3.9 South Cape 9,936 22,877 4,675 (2,038) — 35,450 — 35,450 7.9 23.8 Rialto 5,094 26,740 5,751 (447) — 37,138 162 37,300 5.2 2.7 Total $ 58,082 $ 243,471 $ 56,097 $ (16,554) $ (934) $ 340,162 $ 1,089 $ 341,251 Pro Forma Financial Information (Unaudited) The table below includes the following for the years ended December 31, 2015 and 2014: (i) actual selected financial information for the 2015 acquisitions included in our consolidated statements of income; and (ii) pro forma selected financial information reflecting the 2015 acquisitions, as if the date of each acquisition had been January 1, 2014. The pro forma financial information is not intended to represent or be indicative of the Company’s consolidated financial results that would have been reported had the acquisitions been completed at the beginning of the comparable prior period presented and should not be taken as indicative of its future consolidated financial results (dollar amounts in thousands). For the Year Ended December 31, 2015 2014 Actual: Total revenues $ 18,487 $ — Total rental expenses 6,687 — NOI (1) 11,800 — Net income before real estate depreciation and amortization expense 9,263 — Real estate depreciation and amortization expense 9,534 — Net loss (271) — Pro Forma: Total revenues (2) $ 260,553 $ 265,069 Total rental expenses 72,345 63,891 NOI (1) 188,208 201,178 Net income before real estate depreciation and amortization expense 238,877 139,480 Real estate depreciation and amortization expense 103,082 109,038 Net income (3) 135,795 30,442 (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 13. (2) The pro forma total revenues were adjusted to include incremental revenue of approximately $35.4 million and $33.5 million in relation to the 2015 acquisitions for the years ended December 31, 2015 and 2014, respectively. (3) Acquisition-related expenses of approximately $2.4 million in relation to our 2015 acquisitions were excluded from the pro forma net income for the year ended December 31, 2015 and included in the pro forma net income for the year ended December 31, 2014, as if these expenses had been incurred as of January 1, 2014. Dispositions On March 11, 2015, we completed the sale of a portfolio of 12 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. For the years ended December 31, 2015, 2014, and 2013, our consolidated statements of income include approximately $6.2 million, $33.7 million, and $34.2 million of aggregate revenue attributable to the Portfolio, respectively, and approximately $6.1 million, $33.1 million and $33.4 million of NOI attributable to the Portfolio, respectively. During 2015, 2014, and 2013 we disposed of the following properties (dollar amounts and square footage in thousands): Property Type Market Ownership Net Rentable Square Feet Percentage Leased Disposition Date Contract Sales Price Gain (loss) on Sale 2015 Dispositions: Retail Greater Boston 100% 11 100% 12/18/15 $ 1,625 $ 14 Office Silicon Valley, CA 100% 53 100% 12/14/15 16,750 970 Land Parcel Denver, CO 100% N/A N/A 8/12/15 7,577 1,701 Office Los Angeles, CA 100% 111 0% 7/20/15 12,549 2,866 Retail Pittsburgh, PA 100% 103 93% 5/5/15 12,500 — Office and Industrial Portfolio (1) Various (1) 100% 2,669 100% 3/11/15 398,635 105,542 Office Dallas, TX 100% 177 88% 1/16/15 46,600 23,125 Total 2015 real property dispositions 3,124 95% $ 496,236 $ 134,218 2014 Dispositions: Office Denver, CO 100% 138 100% 11/7/14 $ 9,100 $ 4,032 Industrial (2) Silicon Valley, CA 100% 177 41% 10/15/14 13,579 — Office East Bay, CA 100% 60 0% 6/13/14 5,700 2,755 Land Parcel Denver, CO 100% N/A N/A 4/14/14 780 93 Office Little Rock, AR 100% 102 100% 2/25/14 19,550 1,350 Retail Greater Boston 100% 110 0% 2/18/14 6,750 2,276 Industrial Portfolio Various (3) 93% 3,387 99% 1/22/14 175,000 29,545 Total 2014 real property dispositions 3,974 93% $ 230,459 $ 40,051 2013 Dispositions: Office Chicago, IL 100% 100 100% 10/15/13 $ 18,000 $ 5,580 Office Denver, CO 100% 133 98% 9/13/13 58,100 10,233 Office Denver, CO 100% 257 100% 7/31/13 71,000 35,371 Office Greater Boston 100% 132 100% 6/6/13 25,500 6,734 Office (4) Dallas, TX 100% 1,509 66% 5/31/13 122,231 15,462 Industrial Portfolio Various (5) 96% 1,918 98% 5/10/13 85,935 (311) Office Dallas, TX 100% 62 100% 1/13/13 8,500 1,217 Total 2013 real property dispositions 4,111 86% $ 389,266 $ 74,286 (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. (2) On October 15, 2014, we disposed of a wholly owned industrial property comprising approximately 177,000 net rentable square feet in three buildings located in the Silicon Valley, CA market (“Lundy”). At the time of the disposition, the property had a net investment amount of approximately $13.1 million (after a $2.6 million impairment charge which we recorded during the fourth quarter of 2013). The property was transferred to the lender through a foreclosure sale which extinguished amounts due, including related principal of $13.6 million. (3) Industrial portfolio included 12 properties located in the following markets: Atlanta, GA, Central Pennsylvania, Cincinnati, OH, Columbus, OH, Dallas, TX, Indianapolis, IN, and Minneapolis/St. Paul, MN. (4) During the year ended December 31, 2012, we became the 100% owner of the titleholder of a 1.5 million square foot office property in the Dallas, TX market (“Comerica Bank Tower”), as the result of our foreclosure of a non-performing mezzanine loan for which such ownership interest had served as collateral. Comerica Bank Tower was subject to a mortgage note with a principal balance of $179.8 million as of the acquisition date bearing interest at 5.8% , which would have matured in January 2017. On September 10, 2012, we were notified that a receiver (the “Receiver”) had been appointed for the Comerica Bank Tower. As of March 31, 2013, the unpaid principal balance of this mortgage note was $177.4 million. On May 31, 2013, Comerica Bank Tower was sold by the Receiver pursuant to court order to a purchaser unaffiliated with us. Because of the outstanding principal balance of the mortgage note, we did not receive any proceeds from the sale of Comerica Bank Tower. (5) Industrial portfolio included seven properties located in the following markets: Philadelphia, PA, Sacramento, CA, Central Pennsylvania, Charlotte, NC, Atlanta, GA, and Chicago, IL. Assets Held for Sale We did not have any assets or related liabilities classified as held for sale as of December 31, 2015. As of December 31, 2014, we had agreed to dispose of a wholly owned office property comprising approximately 177,000 net rentable square feet in the Dallas, TX market 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 December 31, 2014 (amounts in thousands): As of December 31, 2014 Land $ 4,075 Building and improvements 19,337 Intangible lease assets 7,005 Accumulated depreciation (10,163) Other assets, net 1,673 Assets held for sale $ 21,927 Other liabilities 1,880 Liabilities related to assets held for sale $ 1,880 Discontinued Operations We present the results of operations and the respective aggregate net gains (losses) of 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 as discontinued operations in our accompanying statements of income. Beginning with the year ended December 31, 2014, as the result of adopting 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 present the results of operations and the respective aggregate net gains (losses) of 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. 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. We did not have any discontinued operations for the year ended December 31, 2015. Discontinued operations for the year ended December 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. Discontinued operations for the year ended December 31, 2013 include (i) the results of operations of the 13 properties disposed of during the year ended December 31, 2013, (ii) the results of operations of the 12 properties classified as held for sale as of December 31, 2013 and subsequently disposed of, and (iii) the aggregate net gain on dispositions recorded during the year ended December 31, 2013. The following table summarizes amounts recorded as discontinued operations for the years ended December 31, 2014 and 2013 (amounts in thousands): For the Year Ended December 31, 2014 2013 Revenues $ 969 $ 39,023 Rental expense (340) (14,020) Real estate depreciation and amortization expense — (21,017) Interest expense (296) (12,662) Other expenses (8) (56) Income (loss) from discontinued operations 325 (8,732) Gain (Loss) on disposition 29,679 74,286 Discontinued operations 30,004 65,554 Discontinued operations attributable to noncontrolling interests (4,462) (4,560) Discontinued operations attributable to common stockholders $ 25,542 $ 60,994 Real Property Impairment During the year ended December 31, 2015, we recorded a $6.5 million impairment charge related to a consolidated office property located in the Chicago, IL market, which we acquired in February 2007 and we hold through a joint venture in which we are not the managing partner. We have an 80% ownership interest in the office property. During the year ended December, 31, 2015, we began to consider possible disposition opportunities for this property. Such disposition opportunities caused us to significantly reduce our estimated holding period for this property. We recorded an impairment charge to reduce the net book value of the property to our estimate of its fair value. In addition, during the year ended December 31, 2015, we recorded approximately $1.6 million of impairment charges related to a wholly owned retail property that we acquired in May 2007 in the Pittsburgh, PA market, which was disposed of in May 2015 (“Mt. Nebo”). Mt. Nebo served as collateral for a cross-collateralized senior mortgage note that is also secured by two other retail properties. Prior to the disposition, the net book value of Mt. Nebo exceeded the contract sales price less the cost to sell by approximately $1.6 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. During the year ended December 31, 2014, we recorded a $9.5 million impairment related to Mt. Nebo. During the year ended December 31, 2014, we began to consider possible disposition opportunities for this property. Such disposition opportunities caused us to significantly reduce our estimated holding period for this property. As a result of our review and based on our estimate of future cash flow and fair value of the retail property, we recognized the impairment charge to adjust the carrying value to our estimate of fair value as of December 31, 2014. During the year ended December 31, 2013, we recorded approximately a $2.6 million impairment charge related to a wholly-owned industrial property that we acquired in September 2006 in the Silicon Valley, CA market, which was disposed of in October 2014. During the year ended December 31, 2013, we determined that this industrial property was unlikely to generate cash flows during our estimated investment period sufficient to recover our net book basis as of December 31, 2013. The primary factor leading to this determination was our determination that the market rental rate we could obtain, and the low demand for industrial space in the particular sub market in which the building was located, did not support our recorded carrying value. As a result of our review and based on our estimate of future cash flow and fair value of the office property, we recognized the impairment charge to adjust the carrying value to our estimate of fair value as of December 31, 2013. In the calculation of our daily NAV, our real estate assets are carried at fair value using valuation methodologies consistent with ASC Topic 820. As a result, the timing of valuation changes recorded in our NAV will not necessarily be the same as for impairment charges recorded to our consolidated financial statements prepared pursuant to GAAP. Since we determine our NAV daily, impairment charges pursuant to GAAP will likely always be delayed and potentially significantly delayed compared to the change in fair value of our properties included in the calculation of our daily NAV. Future Minimum Rentals Future minimum rentals to be received under non-cancelable operating and ground leases in effect as of December 31, 2015, are as follows (amounts in thousands): For the Year Ended December 31, Future Minimum Rentals 2016 $ 183,489 2017 141,830 2018 118,680 2019 103,909 2020 72,457 Thereafter 191,084 Total $ 811,449 The table above does not reflect future rental revenues from the potential renewal or replacement of existing and future leases and excludes property operating expense reimbursements and assumes no early termination of leases. Concentration of Credit Risk Concentration of credit risk with respect to our sources of revenue currently exists due to a number of tenants whose rental payments to us make up a relatively high percentage of our rental revenue. Rental revenue from our lease with Charles Schwab & Co., Inc., as master tenant of one of our office properties, represented approximately $25.9 million, or 11.5% , of our total revenue from continuing operations for the year ended December 31, 2015. The following is a summary of amounts related to the top five tenants based on annualized base rent, as of December 31, 2015 (dollar amounts and square feet in thousands): Tenant Locations Industry Annualized Base Rent (1) % of Total Annualized Base Rent Square Feet % of Total Portfolio Square Feet Charles Schwab & Co . , Inc. 2 Securities, Commodities, Fin. Inv./Rel. Activities $ 23,408 12.8% 602 6.6% Sybase 1 Publishing Information (except Internet) 18,692 10.3% 405 4.5% Northrop Grumman (2) 1 Professional, Scientific and Technical Services 15,901 8.7% 575 6.3% Stop & Shop 16 Food and Beverage Stores 14,983 8.2% 911 10.1% Novo Nordisk 1 Chemical Manufacturing 4,535 2.5% 167 1.8% 21 $ 77,519 42.5% 2,660 29.3% (1) Annualized base rent represents the annualized monthly base rent of executed leases as of December 31, 2015. (2) Northrop Grumman exercised a purchase option to acquire the office property that they leased from us on February 18, 2016. As a result, Northrop Grumman is no longer our tenant. Prior to acquiring this property from us, Northrop Grumman’s lease would have expired in 2016. For a more detailed discussion of the purchase option and the related property disposition, see “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations – Subsequent Events ” of this Annual Report on Form 10-K. Our properties in Massachusetts, New Jersey, California, and Texas accounted for approximately 18% , 18% , 13% , and 11% , respectively, of our total gross investment in real property portfolio as of December 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. Third Party Purchase Options “Harborside,” an office property located in Northern New Jersey, was subject to a purchase option held by a third party with an exercise price that we estimated to be approximately $239.4 million and an exercise date in May 2016. On August 5, 2015, we paid the option holder approximately $12.0 million to terminate the option. Such payment is included within capital expenditures in real property in the accompanying consolidated statements of cash flows. As a result, the option is no longer outstanding. “Colshire,” an office property located in the Washington, DC area, was subject to a purchase option held by the tenant, Northrop Grumman, with an exercise price that we estimated to be approximately $158.4 million and an expiration date in March 2016. The tenant exercised the purchase option during January 2016, triggering a sale of the property to Northrop Grumman in February 2016. See “Item 1A. Risk Factors” of this Annual Report on Form 10-K for information regarding the cost basis of this office property as of December 31, 2015 and the NOI of the tenant for the year ended December 31, 2015.

Debt Related Investments

Debt Related Investments	12 Months Ended
	Dec. 31, 2015
Debt Related Investments [Abstract]
Debt Related Investments	4. DEBT RELATED INVESTMENTS As of December 31, 2015 and 2014, we had invested in three and 11 debt related investments, respectively. The weighted average maturity of our debt related investments structured as mortgage notes as of December 31, 2015 was 3.3 years, based on our recorded net investments. The following table describes our debt related income for the years ended December 31, 2015, 2014, and 2013 (dollar amounts in thousands): For the Year Ended December 31, Weighted Average Yield as of Investment Type 2015 2014 2013 December 31, 2015 (1) Mortgage notes (2) $ 5,136 $ 4,521 $ 8,726 6.1% B-notes — — 51 N/A Mezzanine debt (3) 1,786 2,875 1,672 N/A Total $ 6,922 $ 7,396 $ 10,449 6.1% (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 December 31, 2015. As of December 31, 2015, all of our debt related investments bear interest at fixed rates. (2) Six , three and four of our debt related investments structured as mortgage notes were repaid in full during the years ended December 31, 2015, 2014 and 2013, respectively. 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. (3) Our debt related investment structured as a mezzanine loan was repaid in full during the year ended December 31, 2015. During the year ended December 31, 2015, amounts recorded were offset by accelerated amortization of deferred due diligence costs. The following table describes our debt related investment activity for the years ended December 31, 2015 and 2014 (amounts in thousands). Year Ended December 31, 2015 2014 Investment in Debt Related Investments: Balance at January 1, $ 94,951 $ 123,935 Investments (1) 3,465 2,924 Principal repayments (82,417) (31,177) Amortization of deferred fees, costs, and discounts/premiums (277) (731) Balance at December 31, $ 15,722 $ 94,951 (1) Investments include approximately $2.0 million and $2.9 million of accrued interest that was capitalized into the principal balance of our mezzanine debt investment during the years ended December 31, 2015 and 2014, respectively. Debt Related Investment and Repayment Activity As of December 31, 2015, all of our debt related investments required both interest and principal payments on a monthly basis. We did no t have any debt related investment that was subject to delinquent principal or interest payments. We are the senior lender in all of our debt related investments with respect to the underlying collateral. The following table summarizes our debt related investments as of December 31, 2015 (dollar amounts in thousands). Description Region Interest Rate Fixed or Variable Interest Rate as of December 31, 2015 Maturity Date Face Amount of Debt (1) Amount of Debt Related Investments Mortgage note Northeast Fixed 6.2% 11/1/17 $ 3,691 $ 3,721 Mortgage note Southeast Fixed 7.0% 3/1/19 8,729 8,827 Mortgage note Mountain Fixed 5.2% 3/1/21 3,189 3,174 Total/weighted average 6.4% $ 15,609 $ 15,722 (1) Reflects the principal amount of the debt investment outstanding, which is net of principal repayments. Impairment As of December 31, 2014, we had one impaired debt related investment with an unpaid principal balance of approximately $3.0 million, for which we have a full valuation allowance. Based on our review during the year ended December 31, 2015, we determined that the impaired debt related investment did not have any value and therefore we recorded a direct write-off of the allowance for loan loss of $3.0 million. We did not have any debt related investments on non-accrual status as of December 31, 2015 . We had one B-note debt related investment on non-accrual status as of December 31, 2014. We had recorded a complete allowance for loan loss related to the debt related investment on non-accrual status as of December 31, 2014 and have recorded a direct write-off of the full amount of the allowance for loan loss during the year ended December 31, 2015. We did not record any interest income related to our impaired debt related investment during the years ended December 31, 2015 or 2014. During the year ended December 31, 2013, we recorded interest income of approximately $51,000 from our impaired debt related investments, which had an average recorded investment amount of approximately $6.1 million over that period.

Debt Obligations

Debt Obligations	12 Months Ended
	Dec. 31, 2015
Debt Obligations [Abstract]
Debt Obligations	5. DEBT OBLIGATIONS The following table describes our borrowings as of December 31, 2015 and 2014 (dollar amounts in thousands): Weighted Average Stated Interest Rate as of December 31, Outstanding Balance as of December 31, (1) Gross Investment Amount Securing Borrowings as of December 31, (2) 2015 2014 2015 2014 2015 2014 Fixed-rate mortgages 5.6% 5.8% $ 579,196 $ 807,994 $ 1,016,560 $ 1,625,637 Floating-rate mortgages (3) 3.4% 3.2% 7,890 8,250 16,618 16,118 Total mortgage notes 5.5% 5.8% 587,086 816,244 1,033,178 1,641,755 Repurchase facilities (4) N/A 2.8% — 37,023 — 51,156 Total secured borrowings 5.5% 5.6% 587,086 853,267 1,033,178 1,692,911 Line of credit (5) 1.9% 2.6% 167,000 75,000 N/A N/A Term loans (6) 2.6% 2.7% 350,000 270,000 N/A N/A Total unsecured borrowings 2.4% 2.7% 517,000 345,000 N/A N/A Total borrowings 4.1% 4.8% $ 1,104,086 $ 1,198,267 N/A N/A (1) Amounts are net of (i) unamortized premiums to the face value of our outstanding fixed-rate mortgages of $1.3 million and $2.0 million as of December 31, 2015 and 2014, respectively, and (ii) GAAP principal amortization related to troubled debt restructurings of $3.1 million and $2.3 million as of December 31, 2015 and 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 investments, which includes (i) unpaid principal balances, (ii) unamortized discounts, premiums, and deferred charges, and (iii) allowances for loan loss. (3) As of December 31, 2015 and 2014, our floating-rate mortgage note was subject to an interest rate spread of 3.00% over one-month LIBOR. (4) As of 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 December 31, 2015 and 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 December 31, 2015, we had effectively fixed the interest rate of approximately $25.4 million of the total of $167.0 million in borrowings using interest rate swaps, resulting in a weighted average interest rate on the total line of credit of 1.88% . 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, resulting in a weighted average interest rate on the total line of credit of 2.56% . (6) As of December 31, 2015 and 2014, borrowings under our term loans were subject to interest at weighted average floating rates of 1.52% and 1.70% , respectively, over one-month LIBOR. However, we had effectively fixed the interest rates of the borrowings using interest rate swaps at 2.59% and 2.69% as of December 31, 2015 and 2014, respectively. As of December 31, 2 01 5 , 10 mortgage notes were interest-only and eight mortgage notes were fully amortizing with outstanding principal balances of approximately $343.8 million and $245.0 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 bas ed 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. 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. As of December 31, 2015, we had outstanding borrowings of $167.0 million and $150.0 million, respectively, under the Revolving Credit Facility and $150 Million Term Loan components of the Amended Facility, respectively. As of December 31, 2015, we had outstanding borrowings of $200.0 million under the $200 Million Term Loan. As of December 31, 2015, the unused portion of our Revolving Credit Facility was approximately $230.8 million, all of which was available to us. As of December 31, 2015, we were in compliance with all the debt constraints under our credit facilities . 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. As of December 31, 2014, the unused portion of the revolving credit facility component of the Old Facility was approximately $272.8 million, of which approximately $189.4 million was available for us to borrow due to covenant constraints under the revolving credit facili ty component of the Old Facility. Debt Maturities The following table reflects our contractual debt maturities as of December 31, 2015, specifically our obligations under our mortgage notes and unsecured borrowings (dollar amounts in thousands): As of December 31, 2015 Mortgage Notes Unsecured Borrowings Total Year Ending December 31, Number of Borrowings Maturing Outstanding Principal Balance (1) Number of Borrowings Maturing Outstanding Principal Balance ( 2 ) Outstanding Principal Balance 2016 7 $ 286,679 — $ — $ 286,679 2017 6 206,660 — — 206,660 2018 — 1,762 1 150,000 151,762 2019 — 1,869 1 167,000 168,869 2020 — 1,982 — — 1,982 2021 1 10,825 — — 10,825 2022 1 1,663 1 200,000 201,663 2023 — 978 — — 978 2024 — 1,034 — — 1,034 2025 1 71,094 — — 71,094 Thereafter 2 4,303 — — 4,303 Total 18 $ 588,849 3 $ 517,000 $ 1,105,849 (1 ) Outstanding principal balance represents expected cash outflows for contractual amortization and scheduled balloon payment maturities and does not include principal amortization of our restructured mortgage note of approximately $3.1 million that does not reduce the contractual amount due of the related mortgage note as of December 31, 2015, partially offset by the mark-to-market adjustment on assumed debt of $1.3 million as of December 31, 201 5. (2) Unsecured borrowings presented include (i) borrowings under the $150 Million Term Loan of $150.0 million, which were scheduled to mature in 2018 , subject to two one -year extension options, (ii) borrowings under the Revolving Credit Facility of $167.0 million, which were scheduled to mature in 2019 , subject to a one -year extension option, and (iii) borrowings under the $200 Million Term Loan of $200.0 million which are scheduled to mature in 2022 with no extension options.

Derivatives And Hedging Activit

Derivatives And Hedging Activities	12 Months Ended
	Dec. 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 our unsecured floating rate borrowings. While this hedging strategy is designed to minimize the impact on our net income (loss) 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 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 counterparties in exchange for us making fixed-rate payments over the life of the agreements without exchange of the underlying notional amounts. 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 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 $1.6 million will be reclassified as an increase to interest expense related to active effective hedges of existing floating-rate debt, and we estimate that approximately $1.9 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. 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 December 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 consolidated financial statements, as well as amounts related to our available-for-sale securities (amounts in thousands): (Losses) and Gains on Cash Flow Hedges Unrealized (Losses) and 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: Amount of loss reclassified from OCI into interest expense (effective portion) (net of tax benefit of $0) 4,820 — 4,820 Change in fair value recognized in OCI (effective portion) (net of tax benefit of $0) (5,797) — (5,797) Net current-period other comprehensive income (977) — (977) Attribution of and other adjustments to OCI attributable to noncontrolling interests 79 4 83 Ending balance as of December 31, 2015 $ (9,967) $ (1,047) $ (11,014) Fair Values of Derivative Instruments 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 December 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 our derivative valuations are classified in Level 2 of the fair value hierarchy. Designated Derivatives As of December 31, 2015 and 2014, we had 12 and 11 outstanding interest rate swaps, respectively, that were designated as cash flow hedges of interest rate risk, with a total notional amount of $375.4 million and $339.2 million, respectively. In addition, as of December 31, 2015, we had (i) two interest rate swaps with a total notional amount of $100.0 million that will become effective in December 2016 and mature in January 2020 and (ii) two interest rate swaps with a total notional amount of $100.0 million that will become effective in December 2016 and mature in February 2022, all of which were designated as cash flow hedges of interest rate risk. The table below presents the gross fair value of our designated derivative financial instruments as well as their classification on our accompanying consolidated balance sheets as of December 31, 2015 and 2014 (amounts in thousands): Fair Value of Asset Derivatives as of Fair Value of Liability Derivatives as of Balance Sheet December 31, December 31, Balance Sheet December 31, December 31, Location 2015 2014 Location 2015 2014 Interest rate contracts Other assets, net (1) $ 197 $ 543 Other liabilities (1) $ (3,303) $ (907) Total derivatives $ 197 $ 543 $ (3,303) $ (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 sheets. If we did net our derivative fair values on the consolidated balance sheets, the derivative fair values would be lowered by approximately $157,000 and $24,000 as of December 31, 2015 and 2014, respectively, resulting in net fair values of our asset derivatives of approximately $41,000 and $519,000 as of December 31, 2015 and 2014, respectively, and net fair values of our liability derivatives of approximately $3.1 million and $883,000 as of December 31, 2015 and 2014, respectively. Non-Designated Derivatives 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 December 31, 2015, 2014, and 2013, 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 years ended December 31, 2015, 2014, and 2013 (amounts in thousands): For the Year Ended December 31, 2015 2014 2013 Derivatives Designated as Hedging Instruments Derivative type Interest rate contracts Interest rate contracts Interest rate contracts Amount of (loss) gain recognized in OCI (effective portion) $ (5,797) $ (2,370) $ 352 Location of loss reclassified from accumulated OCI into income (effective portion) Interest expense Interest expense Interest expense Amount of loss reclassified from accumulated OCI into income (effective portion) $ 4,820 $ 3,091 $ 2,726 Location of gain (loss) recognized in income (ineffective portion and amount excluded from effectiveness testing) Interest and other income (expense) Interest and other income (expense) Loss on financing commitments Amount of gain (loss) recognized in income (ineffective portion and amount excluded from effectiveness testing) $ 3 $ (1) $ (1,897) Credit-Risk-Related Contingent Features We have agreements with certain of our derivative counterparties that contain a provision where we could be declared in default on our derivative obligations if repayment of the underlying indebtedness is accelerated by the lender due to our default on the indebtedness. We have agreements with certain other derivative counterparties that contain a provision whereby if we default on any of our indebtedness held by our Operating Partnership, including default where repayment of the indebtedness has not been accelerated by the lender, then we could also be declared in default on our derivative obligations. As of December 31, 2015, the fair value of derivatives was in a net liability position of approximately $3.1 million, which included accrued interest but excluded any adjustment for nonperformance risk. As of December 31, 2015, we have not posted any collateral related to these agreements. If we had breached any of these provisions at December 31, 2015, we could have been required to settle our obligations under the agreements at their termination value of $3.1 million.

Fair Value Disclosures

Fair Value Disclosures	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures	7. FAIR VALUE DISCLOSURES ASC Topic 820, defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. ASC Topic 820 applies to reported balances that are required or permitted to be measured at fair value under existing accounting pronouncements; accordingly, the standard does not require any new fair value measurements of reported balances. ASC Topic 820 emphasizes that fair value is a market-based measurement, not an entity-specific measurement. Therefore, a fair value measurement should be determined based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, ASC Topic 820 establishes a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy). Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that we have the ability to access. Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs may include quoted prices for similar assets and liabilities in active markets, as well as inputs that are observable for the asset or liability (other than quoted prices), such as interest rates, foreign exchange rates, and yield curves that are observable at commonly quoted intervals. Level 3 inputs are unobservable inputs for the asset or liabilities, which are typically based on an entity’s own assumptions, as there is little, if any, related market activity. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. The table below presents certain of our assets and liabilities measured at fair value on a recurring basis as of December 31, 2015 and 2014, aggregated by the level in the fair value hierarchy within which those measurements fall as defined above (amounts in thousands). The fair value estimates presented herein are based on information available to management as of December 31, 2015 and December 31, 2014. These estimates are not necessarily indicative of the amounts we could ultimately realize. There were no changes between fair value hierarchy levels during the years ended December 31, 2015 and 2014. Level 1 Level 2 Level 3 Total As of December 31, 2015: Assets Real estate securities $ — $ — $ 200 $ 200 Derivative instruments — 197 — 197 Total assets $ — $ 197 $ 200 $ 397 Liabilities Derivative instruments $ — $ (3,303) $ — $ (3,303) Total liabilities $ — $ (3,303) $ — $ (3,303) As of December 31, 2014: Assets Real estate securities $ — $ — $ 200 $ 200 Derivative instruments — 543 — 543 Total assets $ — $ 543 $ 200 $ 743 Liabilities Derivative instruments $ — $ (907) $ — $ (907) Total liabilities $ — $ (907) $ — $ (907) We review our fair value hierarchy classifications on a quarterly basis. Transfers into or out of Level 3 are made if the significant inputs used in measuring the fair values of the assets and liabilities became unobservable or observable, respectively, in the current market environment. When assets and liabilities are transferred between levels, we recognize the transfer at the beginning of the period. The table below presents a reconciliation of the beginning and ending balances of certain of our assets and liabilities having fair value measurements based on significant unobservable inputs (Level 3), and our derivative instruments, between December 31, 2014 and December 31, 2015 (amounts in thousands). Real Estate Securities Derivative Instruments Beginning balance as of December 31, 2014 $ 200 $ (364) Total net gains (losses) included in: Net income (other income and expense) — 3 Other comprehensive income — (5,798) Total change in fair value — (5,795) Settlements — 3,053 Transfers in and/or out of Level 3 — — Ending balance as of December 31, 2015 $ 200 $ (3,106) Fair Value Estimates of Derivative Instruments Currently, we use interest rate swaps to manage our interest rate risk. The valuation of these instruments is determined by a third party valuation specialist using widely accepted valuation techniques, including discounted cash flow analysis of the expected cash flows of each derivative. Management reviews the fair value analyses prepared by the third party valuation specialist which reflect the contractual terms of the derivatives, including the period to maturity, and use observable market-based inputs, including interest rate curves and implied volatilities. The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash receipts (or payments) and the discounted expected variable cash payments (or receipts). The variable cash payments (or receipts) are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. To comply with the provisions of ASC 820, we incorporate credit valuation adjustments to appropriately reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of our derivative contracts for the effect of nonperformance risk, we have considered the impact of “netting” and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts, and guarantees. 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 December 31, 2015 and December 31, 2014, we had assessed the significance of the impact of the credit valuation adjustments and had determined that it was not significant to the overall valuation of our derivative instruments. As a result, we have determined that all of our derivative valuations are appropriately classified in Level 2 of the fair value hierarchy. Nonrecurring Fair Value Measurements During the year ended December 31, 2015, we recognized an impairment loss of $6.5 million related to a consolidated office property in the accompanying consolidated statements of income. We have an 80% ownership interest in the office property. The impairment was based on a reduction of our estimated holding period for this property, triggering impairment recognition with the related fair value measurement based on our estimate of future cash flows from the operation and disposition of this property. We consider the Level 3 inputs used in determining the fair value of this real property investment to be significant. As such, this investment falls under the Level 3 category of the fair value hierarchy. The fair value used in determining impairment for this property was $17.0 million as of December 31, 2015. The key assumption used in determining the fair value of this property is our expectation of the sales price of the property. Our expectation of the sales price was developed based on the valuation provided by a third-party broker quote. In addition, during the year ended December 31, 2015, we recognized an impairment loss of $1.6 million related to a wholly-owned retail property in the accompanying statements of income. The impairment was based on the disposition of this property during the year ended December 31, 2015, triggering impairment recognition with the related fair value measurement based on the contract sales price less selling costs. We consider the Level 3 inputs used in determining the fair value of this real property investment to be significant. As such, this investment falls under the Level 3 category of the fair value hierarchy. The fair value used in determining impairment for this property was $12.5 million at the disposition date. The key assumption used in determining the fair value of this property is our contract sales price of the property less selling costs. During the year ended December 31, 2014, we recognized an impairment loss of $9.5 million related to a wholly-owned retail property in the accompanying statements of income. The impairment was based on a reduction of our estimated holding period for this property, triggering impairment recognition with the related fair value measurement based on our estimate of future cash flows from the operation and disposition of this property. We consider the Level 3 inputs used in determining the fair value of this real property investment to be significant. As such, this investment falls under the Level 3 category of the fair value hierarchy. The fair value used in determining impairment for this property was $12.5 million as of December 31, 2014. The key assumption used in determining the fair value of this property is our expectation of the sales price of the property less selling costs. Our expectation of the sales price was developed based on the valuation provided by a third-party broker quote. During the year ended December 31, 2013, we recognized an impairment loss of $2.6 million related to a wholly-owned industrial property in the accompanying statements of income. The impairment was based on a reduction of our estimated holding period for this property, triggering impairment recognition with the related fair value measurement based on our estimate of future cash flows from the operation and disposition of this property. We consider the Level 3 inputs used in determining the fair value of this real property investment to be significant. As such, this investment falls under the Level 3 category of the fair value hierarchy. The fair value used in determining impairment for this property was $14.5 million as of December 31, 2013. The key assumption used in determining the fair value of this property is the discount rate of 8.5% , which was applied to the future cash flows we expect to receive from operating and disposing of the property. Our expectations of the future cash flows are derived from assumptions about market rents, operating expenses, and the terminal value of the property, some of which are developed by a third-party appraisal firm that we engage.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2015
Fair Value of Financial Instruments [Abstract]
Fair Value of Financial Instruments	8. 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. 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 December 31, 201 5 and 201 4 , 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 following table summarizes the carrying amounts and estimated fair values measured on a nonrecurring basis of our other financial instruments , including instruments classified as held for sale, as of December 31, 201 5 and 201 4 (amounts in thousands) . See Note 7 for a discussion of our assets and liabilities measured at fair value on a recurring basis. As of December 31, 2015 As of December 31, 2014 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Assets: Fixed-rate debt related investments, net $ 15,722 $ 16,526 $ 69,889 $ 71,770 Floating-rate debt related investments, net — — 25,062 25,157 Liabilities: Fixed-rate mortgage notes carried at amortized cost $ 579,196 $ 576,432 $ 807,994 $ 848,045 Floating-rate mortgage notes 7,890 7,883 8,250 8,249 Floating-rate other secured borrowings — — 37,023 37,023 Floating-rate unsecured borrowings 517,000 517,000 345,000 347,235 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 Borrowings —The fair value of our mortgage notes and other 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.

Noncontrolling Interests

Noncontrolling Interests	12 Months Ended
	Dec. 31, 2015
Noncontrolling Interests [Abstract]
Noncontrolling Interests	9. NONCONTROLLING INTERESTS Our noncontrolling interests consist of two components: (i) OP Units held by third parties and (ii) joint venture partnership interests held by our partners. The following table summarizes changes to noncontrolling interest balances between December 31, 2014 and December 31, 2015 in terms of cumulative contributions, distributions and cumulative allocations of net income (loss) and redemptions and buyouts of the interests (amounts in thousands). OP Units Joint Venture Partner Interests Noncontrolling Interests Beginning balance as of December 31, 2014: $ 77,080 $ 2,583 $ 79,663 Comprehensive Income and Loss Net income (loss) 8,631 (1,227) 7,404 Unrealized change from cash flow hedging derivatives (55) - (55) Contributions, Distributions and Redemptions Contributions from noncontrolling interest holders 16,217 1,120 17,337 Distributions to noncontrolling interest holders (4,625) (64) (4,689) Redemption and buyout of noncontrolling interests, net (2,514) - (2,514) Ending balance as of December 31, 2015 $ 94,734 $ 2,412 $ 97,146 OP Units Securities that are redeemable for cash or other assets at the option of the holder, not solely within the control of the issuer, are classified as redeemable noncontrolling interests outside of permanent equity in our accompanying balance sheets. We have evaluated our ability to deliver shares of common stock to satisfy redemption requests from holders of our OP Units and we have concluded that we have the right to satisfy the redemption requirements of holders of our OP Units by delivering unregistered shares of our common stock. Each outstanding OP Unit is exchangeable for one share of our common stock, and the OP Unit holder cannot require redemption in cash or other assets. As a result, we classify our OP Units held by third parties as noncontrolling interests. We are the sole general partner of our Operating Partnership and currently own, in our capacity as the general partner, 200 OP Units for which we contributed $2,000 . Subsequent to that initial investment, we have contributed 100% of the proceeds received from our offerings of common stock to our Operating Partnership in exchange for OP Units representing our interest as a limited partner of the Operating Partnership. As of December 31, 2015 and 2014, we owned approximately 92.8% and 93.6% of the outstanding limited partnership interests in our Operating Partnership, respectively, 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. After a period of one year from the date of issuance, holders of Class E OP Units (other than us) may request the Operating Partnership to redeem their Class E OP Units. We have the option of redeeming the Class E OP Units with cash for an amount based on our NAV per share as of the effective date of the redemption, shares of our common stock on a one -for- one basis, or with a combination of cash and Class E shares of common stock. We did not issue any Class E shares pursuant to this option during 2015 or 2014. During the years ended December 31, 2015 and 2014, we redeemed approximately 360,000 and 1.1 million Class E OP Units for approximately $2.7 million and $7.9 million in cash, respectively. As of December 31, 2015 and 2014, our Operating Partnership had issued and outstanding approximately 12.8 million and 12.1 million Class E OP Units, respectively, to third-party investors in connection with its private placement offerings. Such units had a maximum approximate redemption value of $95.6 million and $87.0 million, as of December 31, 2015 and December 31, 2014, respectively, based on our December 31, 2015 and December 31, 2014 NAV per share, respectively, (unaudited). Furthermore, during the year ended December 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. Joint Venture Partner Interests We consolidate all of our joint ventures in the accompanying financial statements. Our joint venture partners’ interests in our consolidated partnerships are not redeemable. As a result, we classify our joint venture partners’ interests as noncontrolling interests. During the year ended December 31, 2014, we sold 12 industrial properties held by two of our joint ventures. As a result, we no longer have any interests in these joint ventures.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2015
Stockholders' Equity [Abstract]
Stockholders' Equity	10. STOCKHOLDERS’ EQUITY Common Stock On May 27, 2005, we filed a Registration Statement on Form S-11 with the Commission in connection with an initial public offering of our Class E shares of common stock, which was declared effective on January 27, 2006. On June 11, 2007, we filed a Registration Statement on Form S-11 with the Commission in connection with a follow-on public offering of our Class E common stock, which was declared effective on January 22, 2008. As of the close of business on September 30, 2009, we terminated the primary portion of our public offerings of Class E shares of our common stock and ceased accepting new subscriptions to purchase shares of our common stock. On October 23, 2009, we filed a Registration Statement for the sale of up to $237,500,000 in Class E shares of our common stock pursuant to our distribution reinvestment plan. This distribution reinvestment plan offering is ongoing. On July 12, 2012, the Commission declared effective our Prior Offering, which we terminated on September 15, 2015. On September 16, 2015, the Commission declared effective our Follow-On Offering, which applies to the offer and sale of shares of Class A, Class W, and Class I common stock to the public through a primary offering and a restated distribution reinvestment plan with NAV-based pricing. See Note 1 for additional information regarding the Prior Offering and Follow-On Offering. The following table describes the changes in each class of common shares during each of the years ended December 31, 2015, 2014, and 2013 (shares and dollar amounts in thousands). Class E Class A Class W Class I Total Shares Amount (1) Shares Amount (1) Shares Amount (1) Shares Amount (1) Shares Amount (1) Balances, December 31, 2012 178,092 $ 1,775,196 12 $ 83 12 $ 83 12 $ 83 178,128 $ 1,775,445 Issuance of common stock: Shares sold — — 205 1,451 197 1,354 4,301 29,333 4,703 32,138 Distribution reinvestment plan 3,143 21,352 — — — — 18 121 3,161 21,473 Redemptions of common stock (9,981) (68,402) — — — — (4) (30) (9,985) (68,432) Balances, December 31, 2013 171,254 $ 1,728,146 217 $ 1,534 209 $ 1,437 4,327 $ 29,507 176,007 $ 1,760,624 Issuance of common stock: Shares sold — — 955 6,879 900 6,310 9,090 63,705 10,945 76,894 Distribution reinvestment plan 2,830 19,785 15 105 10 74 123 867 2,978 20,831 Stock-based compensation — — — — — — 136 807 136 807 Redemptions of common stock (11,016) (77,523) — — (2) (13) (648) (4,566) (11,666) (82,102) Balances, December 31, 2014 163,068 $ 1,670,408 1,187 $ 8,518 1,117 $ 7,808 13,028 $ 90,320 178,400 $ 1,777,054 Issuance of common stock: Shares sold — — 511 3,888 693 5,134 10,135 73,982 11,339 83,004 Distribution reinvestment plan 2,447 17,866 28 203 22 158 426 3,119 2,923 21,346 Stock-based compensation — — — — — — 618 1,295 618 1,295 Redemptions of common stock (28,240) (206,134) (23) (171) (20) (148) (873) (6,433) (29,156) (212,886) Balances, December 31, 2015 137,275 $ 1,482,140 1,703 $ 12,438 1,812 $ 12,952 23,334 $ 162,283 164,124 $ 1,669,813 (1) Dollar amounts presented in this table represent the gross amount of proceeds from the sale of common shares, or the amount paid to stockholders to redeem or repurchase common shares, and do not include other costs and expenses accounted for within additional paid-in capital, such as selling commissions, dealer manager and distribution fees, offering and organizational costs, and other costs associated with our distribution reinvestment plans, share redemption programs, and self-tender offers. Redemptions and Repurchases On August 12, 2015, we completed a modified "Dutch Auction" tender offer, pursuant to which we accepted for purchase approximately 17.2 million shares of Class E common stock, at a purchase price of $7.25 per share for an aggregate cost of approximately $124.4 million. On December 23, 2015, we completed another self-tender offer, pursuant to which we accepted for purchase approximately 2.7 million shares of Class E common stock, at a purchase price of $7.39 per share for an aggregate cost of approximately $20.1 million. Prior to December 12, 2015, we had adopted a Class E Share Redemption Program (the “Class E SRP”), whereby Class E stockholders may request that we redeem all or any portion of their Class E shares subject to certain conditions and limitations. On December 12, 2015, our Amended and Restated Class E Share Redemption Program (the “Amended Class E SRP”) became effective, pursuant to which redemptions are only available with respect to Class E shares of common stock in the event of the death or disability of a stockholder subject to certain conditions and limitations. The Amended Class E SRP applied to the three months ended December 31, 2015. We also have a separate Class A, W and I Share Redemption Program (“Class AWI SRP”) for holders of our Class A, Class W or Class I shares. Our board of directors may modify, suspend or terminate our share redemption programs if it deems such action to be in the best interest of our stockholders. Our board of directors will evaluate each quarter whether to make liquidity available to Class E stockholders through the Class E SRP or through a tender offer process. During the years ended December 31, 2015 and 2014, we redeemed approximately 8.4 million and 11.0 million Class E shares pursuant to our Class E SRP for approximately $61.7 million and $77.5 million, respectively. During the years ended December 31, 2015 and 2014, our board of directors authorized an additional $ 28.0 million and $34.6 million, respectively, in addition to the amounts calculated in accordance with our Class E SRP, related to these redemptions. During the year ended December 31, 2015, we redeemed approximately 916,000 Class I shares, Class A shares, and Class W shares pursuant to our Class AWI SRP for a total of approximately $6.8 million. During the year ended December 31, 2014, we redeemed approximately 650,000 Class I shares and Class W shares pursuant to our Class AWI SRP for a total of approximately $4.6 million. Distributions We accrue distributions on a daily basis and pay distributions on a quarterly basis. Historically, each quarter, our board of directors has authorized the following quarter’s daily distribution accrual. We calculate individual payments of distributions to each stockholder or OP Unit holder based upon daily record dates during each quarter, so that investors are eligible to earn distributions immediately upon purchasing shares of our common stock or upon purchasing OP Units. The following table describes our total distributions declared on our common stock for the years ended December 31, 2015, 2014 and 2013, and the portion of each distribution that was paid in cash and reinvested in shares (dollar amounts in thousands). For the Year Ended December 31, Distributions: 2015 % of Total Distributions 2014 % of Total Distributions 2013 % of Total Distributions Paid in cash $ 41,968 66.5% $ 41,381 66.5% $ 41,123 66.0% Reinvested in shares 21,177 33.5% 20,855 33.5% 21,207 34.0% Total distributions $ 63,145 100.0% $ 62,236 100.0% $ 62,330 100.0% The following table sets forth the distributions that have been paid and/or authorized as of December 31, 2015, subject to class-specific adjustments. Amount Declared per Share/Unit (1) Quarter Class E Class A Class W Class I Weighted Average Payment Date 2014 1st Quarter 2014 $ 0.0875 $ 0.0687 $ 0.0772 $ 0.0858 $ 0.0874 4/16/14 2nd Quarter 2014 $ 0.0875 $ 0.0684 $ 0.0771 $ 0.0858 $ 0.0873 7/16/14 3rd Quarter 2014 $ 0.0875 $ 0.0680 $ 0.0769 $ 0.0857 $ 0.0872 10/16/14 4th Quarter 2014 $ 0.0875 $ 0.0677 $ 0.0767 $ 0.0857 $ 0.0872 1/16/15 2015 1st Quarter 2015 $ 0.0900 $ 0.0705 $ 0.0794 $ 0.0882 $ 0.0897 4/16/15 2nd Quarter 2015 $ 0.0900 $ 0.0700 $ 0.0791 $ 0.0882 $ 0.0896 7/2/15 3rd Quarter 2015 $ 0.0900 $ 0.0695 $ 0.0788 $ 0.0881 $ 0.0895 10/16/15 4th Quarter 2015 $ 0.0900 $ 0.0694 $ 0.0788 $ 0.0881 $ 0.0894 1/19/16 2016 1st Quarter 2016 (2) $ 0.0900 $ 0.0900 $ 0.0900 $ 0.0900 $ 0.0900 4/18/16 (3) (1) Assumes ownership of share or unit for the entire quarter. (2) The distribution amount herein for the first quarter of 2016 does not reflect class-specific adjustments made to our Class A, Class W, and Class I shares, which have not yet been determined. (3) Expected payment date. Distribution Tax Characterization Our distributions to stockholders are characterized for federal income tax purposes as (i) ordinary income, (ii) non-taxable return of capital, or (iii) long-term capital gain. Distributions that exceed our current and accumulated tax earnings and profits constitute a return of capital for tax purposes and reduce the stockholders’ basis in the common shares. To the extent that distributions exceed both current and accumulated earnings and profits and the stockholders’ basis in the common shares, they will generally be treated as a gain or loss upon the sale or exchange of our stockholders’ common shares. We elected to classify our fourth quarter 2013 distribution as a 2014 distribution as part of our overall tax and REIT compliance strategy, resulting in a lower amount of reported distributions than were declared for the period. This election increased the percentage of total distributions that are taxable, however, it did not increase the actual dollar amount that is taxed. For 2014 and 2015, we notified stockholders of the taxability of distributions paid during the preceding year on an annual basis. The following unaudited table summarizes the information reported to investors regarding the taxability of distributions on common shares for the years ended December 31, 2015, 2014 and 2013. For the Year Ended December 31, 2015 2014 2013 Per Common Share % of Total Distributions % of Total Distributions % of Total Distributions Ordinary income 81.01% 63.92% 40.98% Non-taxable return of capital 18.99% 36.08% 59.02% Total 100.00% 100.00% 100.00%

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions	11 . 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. In connection with our public offering, we entered into an Eighth Amended and Restated Advisory Agreement (the “Advisory Agreement”) with our Advisor, effective July 12, 2012, which modified the fees and expense reimbursements payable to our Advisor. The Advisory Agreement may be renewed for an unlimited number of successive one -year terms. The current term of the Advisory Agreement expires on June 30, 2016. Per the Advisory Agreement, in consideration for asset management services performed, we pay our Advisor an advisory fee comprised of two separate components: (1) a fixed amount that accrues daily in an amount equal to 1/365th of 1.15% of the “Aggregate Fund NAV” (defined as the aggregate NAV of our Class E shares, Class A shares, Class W shares and Class I shares, along with the OP Units held by third parties) for each day, and (2) a performance component that is based on the annual non-compounded investment return provided to holders of “Fund Interests” (defined as our Class E shares, Class A shares, Class W shares, Class I shares, and OP Units held by third parties) such that our Advisor will receive 25% of the overall return in excess of 6% ; provided that in no event may the performance condition exceed 10% of the overall return for such year, and subject to certain other limitations. Additionally, our Advisor will provide us with a waiver of a portion of its fees generally equal to the amount of the performance component that would have been payable with respect to the Class E shares and the Class E OP Units held by third parties until the NAV of such shares or units exceeds $10.00 per share or unit, the benefit of which will be shared among all holders of Fund Interests. We will also pay our Advisor a development management fee equal to 4.0% of the cost to develop, construct, or improve real property assets. In addition, we will pay our Advisor a fee of 1% of the sales price of individual real property assets upon disposition of such assets. Further, for a substantial amount of services in connection with the sale of a property, as determined by a majority of our independent directors, we will pay our Advisor up to 50.0% of the reasonable, customary and competitive commission paid for the sale of a comparable real property, provided that such amount shall not exceed 1% of the contract price of the property sold and, when added to all other real estate commissions paid to unaffiliated parties in connection with the sale, may not exceed the lesser of a competitive real estate commission or 6% of the sales price of the property. In addition, pursuant to the Advisory Agreement, we will pay directly, or reimburse our Advisor and our Dealer Manager (defined below) if they pay on our behalf any organizational and offering expenses (other than selling commissions, the dealer manager fee, distribution fees and non-transaction based compensation allocated to sales-related activities of employees of our Dealer Manager in connection with the offering) relating to any public offerings as and when incurred. After the termination of the primary portion of the offering and again after termination of the distribution reinvestment plan portion of the offering, our Advisor has agreed to reimburse us to the extent that total cumulative organization and offering expenses (including selling commissions, the dealer manager fee and distribution fees) that we incur exceed 15% of our gross proceeds from the applicable offering. Subject to certain limitations, we will reimburse our Advisor for all of the costs it incurs in connection with the services it provides to us, including, without limitation, our allocable share of our Advisor’s overhead, which includes but is not limited to our Advisor’s rent, utilities and personnel costs; provided, that we will not reimburse our Advisor or its affiliates for services for which our Advisor or its affiliates are entitled to compensation in the form of a separate fee. Dividend Capital Securities LLC, a related party, which we refer to as the “Dealer Manager,” is distributing the shares of our common stock in our public offering on a “best efforts” basis. Our Dealer Manager is a member of the Financial Industry Regulatory Authority, Inc., or FINRA. Our 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 our public offering. We entered into a dealer manager agreement dated July 12, 2012, or the “Prior Dealer Manager Agreement,” with our Dealer Manager in connection with the Prior Offering. Pursuant to the Prior Dealer Manager Agreement, our Dealer Manager served as the dealer manager for the Prior Offering. Our Dealer Manager is an entity related to our Advisor and a member firm of FINRA. Under the Prior Dealer Manager Agreement, our Dealer Manager provided certain sales, promotional, and marketing services to us in connection with the distribution of the shares of common stock offered pursuant to our Prior Offering prospectus. Pursuant to the Prior Dealer Manager Agreement, we paid our Dealer Manager a sales commission of up to 3.0% of the NAV per Class A share sold in the primary offering, subject to the reduction of the sales commission in certain circumstances, and a distribution fee which accrued daily in an amount equal to 1/365th of 0.5% of the amount of our NAV per share for our Class A shares for such day. We also paid our Dealer Manager a dealer manager fee which accrued daily in an amount equal to 1/365th of 0.6% of our NAV per share for each of our Class A and Class W shares and in an amount equal to 1/365th of 0.1% of our NAV per share for our Class I shares for such day. Pursuant to an amendment to our Prior Dealer Manager Agreement entered into on May 31, 2013, from time to time we could agree to pay our 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 Prior Offering, provided that the total gross proceeds raised with respect to which the primary dealer fee could apply could not exceed $300,000,000 . Pursuant to this amendment, our Dealer Manager retained 0.5% of such gross proceeds and reallowed 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 September 16, 2015, the Company entered into a Second Amended and Restated Dealer Manager Agreement (the “Second Amended Dealer Manager Agreement”) with our Dealer Manager in connection with the Follow-On Offering. Pursuant to the Second Amended Dealer Manager Agreement, our Dealer Manager serves as the dealer manager for the Follow-On Offering. The Second Amended Dealer Manager Agreement is an amendment and restatement of the Prior Dealer Manager Agreement. The purpose of the Second Amended Dealer Manager Agreement is to engage our Dealer Manager with respect to the Follow-On Offering, while still paying dealer manager fees and distribution fees with respect to the Prior Offering. Pursuant to the Second Amended Dealer Manager Agreement, we pay our Dealer Manager a sales commission of up to 3.0% of the offering price per Class A share sold in the primary offering, subject to the reduction of the sales commission in certain circumstances, and a distribution fee which accrues daily in an amount equal to 1/365th of 0.5% of the amount of our NAV per share for our Class A shares for such day. We also pay our Dealer Manager a dealer manager fee which accrued daily in an amount equal to 1/365th of 0.6% of our NAV per share for each of our Class A and Class W shares and in an amount equal to 1/365th of 0.1% of our NAV per share for our Class I shares for such day. Pursuant to the Second Amended Dealer Manager Agreement, we may pay to the Dealer Manager a primary dealer fee in the amount of up to 5.0% of the gross proceeds raised from the sale of Class I shares in the primary portion of the Follow-On Offering, provided that (i) the total gross proceeds raised with respect to which the primary dealer fee will apply may not exceed $100,000,000 , subject to further increase by our board of directors, in its discretion; (ii) the primary dealer fee will only be paid with respect to sales made by participating broker-dealers specifically approved by us as being eligible; and (iii) the primary dealer fee will only be paid with respect to sales made at times approved by us. The Dealer Manager may reallow a portion 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 Dealer Manager will consider the primary dealer fee to be underwriting compensation subject to the limits described below. The Dealer Manager monitors the aggregate amount of underwriting compensation that we and the Advisor pay in connection with the Follow-On Offering and Prior Offering in order to ensure we comply with the underwriting compensation limits of applicable FINRA rules. Accordingly, the dealer manager fee and distribution fee that are payable to our Dealer Manager with respect to an offering (i.e., pursuant to the registration statement for an offering) will cease when, following the completion of the offering, total underwriting compensation in such offering equals 10% of the gross proceeds from the primary portion of the offering. We consider the portion of the dealer manager fee and the distribution fee accruing with respect to Class A, Class W and Class I shares issued during the term of the current offering, and not issued pursuant to a prior public offering, as underwriting compensation with respect to the current offering. In addition, we will cease paying the dealer manager fee and the distribution fee on the earlier to occur of the following: (i) a listing of the class of such shares on a national securities exchange or (ii) such shares no longer being outstanding, for example (without limitation) upon their redemption or other repurchase by us, upon our dissolution, or upon a merger or other extraordinary transaction in which we are a party and in which the shares are exchanged for cash or other securities. The sales commissions, distribution fees, and dealer manager fees may all be reallowed to participating broker dealers who are members of FINRA. Our Dealer Manager may also receive a portion of the organization and offering expense reimbursement amounts described above under “— Compensation to our Advisor”. Our Dealer Manager is presently directly or indirectly majority owned by John A. Blumberg, James R. Mulvihill, Evan H. Zucker, and/or their affiliates. During the years ended December 31, 2015, 2014, and 2013, we paid primary dealer fees of approximately $2.5 million , $2.2 million, and $1.4 million, respectively, with respect to approximately $50.8 million, $43.9 million, and $27.1 million, respectively, of the total gross proceeds raised in our public offering. The maximum primary dealer fee we will pay our Dealer Manager pursuant to the Second Amended Dealer Manager Agreement is $5 million, although in the future we may enter into subsequent amendments to the Second Amended Dealer Manager Agreement to provide for additional primary dealer fee payments. Independent Director RSU Awards On December 5, 2013, our board of directors approved revised compensation for our independent directors. In connection with the revised compensation plan, at each annual meeting of stockholders the independent directors will automatically, upon election, receive an award of RSUs with respect to Class I shares of our common stock, with the number of RSUs based on the NAV per Class I share as of the end of the day of the annual meeting. Effective June 25, 2015, June 25, 2014, and January 2, 2014, we granted 4,116 , 4,460 , and 2,112 RSUs to our independent directors, respectively. Restricted Stock Unit Agreements Pursuant to the terms of the Advisor RSU Agreements, we have granted our Advisor 717,722 Company RSUs, of which approximately 441,000 Company RSUs remained unvested and unsettled as of December 31, 2015. Each Company RSU will, upon vesting, entitle our Advisor to one Class I share of our 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 our Advisor as described further below based on 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 $7.06 as of December 31, 2015). As of December 31, 2015, our Advisor had approximately 38,000 shares of Class I common stock issued upon settlement of Company RSUs that remained subject to fee offset. The Advisor is expected to redistribute a significant portion of the Company RSUs and/or shares to senior level employees of our Advisor and its affiliates that provide services to us, although the terms of such redistributions (including the timing, amount and recipients) remain solely in the discretion of our Advisor. Vesting and Payment Offset Following specified vesting provisions, an equal percentage of the Company RSUs vest on each of the applicable vesting dates. On each vesting date, an offset amount (each, an “Offset Amount”) is calculated and deducted on a pro rata basis over the next 12 months from the cash payments otherwise due and payable to our Advisor under our then-current Advisory Agreement for any fees or expense reimbursements. Each Offset Amount equals the number of Company RSUs vesting on such date multiplied by the NAV per Class I share publicly disclosed by us (“the “Class I NAV”) as of the end of the grant date (the “Grant Date NAV per Class I Share”). Each Offset Amount is always calculated based on the Grant Date NAV per Class I Share, even beyond the initial Vesting Date. 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 our Advisor under the Advisory Agreement, our Advisor shall promptly pay any shortfall to us. The chart below shows the Grant Dates, vesting dates, number of unvested shares as of December 31, 2015, and Grant Date NAV per Class I Share (share amounts in thousands). Award Grant Date Vesting Dates Number of Unvested Shares Grant Date NAV per Class I Share Company RSU 4/7/14 4/15/14, 4/15/15, 4/15/16, 4/15/17 247 $ 6.96 Company RSU 2/25/15 4/15/15, 4/15/16, 4/15/17 59 7.18 Company RSU 2/25/15 4/15/18 135 7.18 Total/ weighted average 441 $ 7.06 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 our 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, our Advisor will promptly pay any unused Offset Amounts to us or, at our 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 Agreement, all unvested Company RSUs will be forfeited except that, unless the Advisor RSU Agreements were terminated at the election of our 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 our Advisor, then following such forfeiture of Company RSUs, our 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), our Advisor will be entitled to dividend equivalents (the “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 outstanding. Any such Dividend Equivalents may be paid in cash or Class I shares, at our Advisor’s election. During the years ended December 31, 2015 and 2014, we recognized approximately $1.1 million and $653,000 as advisory fees expense, respectively, related to the issuance of approximately 153,000 and 123,000 shares of our Class I common stock, respectively. Amounts reported are based on the NAV per share at the end of each month during the Advisor RSU Agreements. As of December 31, 2015, the total value related to nonvested awards not yet recognized was approximately $3.3 million, which we expect to recognize during 2016, 2017, 2018, and 2019. 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 years ended December 31, 2015, 2014, and 2013 (amounts in thousands): For the Year Ended December 31, 2015 2014 2013 Advisory fees (1) $ 17,083 $ 15,919 $ 15,120 Other reimbursements paid to our Advisor (2) 9,008 8,287 6,278 Other reimbursements paid to our Dealer Manager 441 591 — Advisory fees related to the disposition of real properties 4,962 2,064 2,639 Development management fee 88 181 223 Primary dealer fee (3) 2,540 2,197 1,358 Selling commissions, dealer manager, and distribution fees 422 336 57 Total $ 34,544 $ 29,575 $ 25,675 (1) Amounts reported for the years ended December 31, 2015 and 2014 include approximately $1.1 million and approximately $653,000 , respectively, that we were not obligated to pay in consideration of the issuance of Company RSUs to our Advisor. (2) Other reimbursements paid to our Advisor primarily comprise salary, bonus, and overhead reimbursements. (3) Amounts reported represent primary dealer fees we paid to our Dealer Manager based on the gross proceeds raised by participating broker-dealers pursuant to certain selected dealer agreements. Of the primary dealer fee earned during the years ended December 31, 2015, 2014, and 2013, our Dealer Manager reallowed approximately $2.3 million, $2.0 million, and $1.2 million, respectively, to participating third-party broker-dealers and retained approximately $254,000 , $220,000 , and $136,000 , respectively. Please also see Note 2 for information regarding restricted stock grants to certain employees of our Advisor and its affiliates, none of which are our named executive officers. Product Specialists During the year ended December 31, 2012, our Advisor entered into a product specialist agreement with BCG TRT Advisors LLC (“BCG”), in connection with advisory services related to our investments in real estate securities assets. Pursuant to this agreement, a portion of the asset management fee that our Advisor receives from us related to real estate securities investments is reallowed to BCG in exchange for services provided. Our Advisor incurred approximately $24,000 , $35,000 , and $58,000 related to services provided by BCG during the years ended December 31, 2015, 2014 and 2013, respectively. Stock Purchases by Certain Officers and Directors On March 27, 2013 , Jeffrey L. Johnson, our Chief Executive Officer, and John A. Blumberg, one of our directors, each purchased 36,822 shares of our Class I common stock at a price of $6.79 per share in our ongoing public offering. Launch of Private Placements of Delaware Statutory Trust Interests Please see Note 17 for information regarding transactions entered into with other related parties subsequent to December 31, 2015 in connection with the launch of private placements of Delaware statutory trust interests.

Net Income (Loss) Per Common Sh

Net Income (Loss) Per Common Share	12 Months Ended
	Dec. 31, 2015
Net Income (Loss) Per Common Share [Abstract]
Net Income (Loss) Per Common Share	12. NET INCOME (LOSS) PER COMMON SHARE Reconciliations of the numerator and denominator used to calculate basic net income (loss) per common share to the numerator and denominator used to calculate diluted net income (loss) per common share for the years ended December 31, 2015, 2014 and 2013 are described in the following table (amounts in thousands, except per share information): For the Year Ended December 31, Numerator 2015 2014 2013 Income (loss) from continuing operations $ 131,659 $ 3,990 $ (9,084) (Income) loss from continuing operations attributable to noncontrolling interests (7,404) (340) 558 Income (loss) from continuing operations attributable to common stockholders 124,255 3,650 (8,526) Dilutive noncontrolling interests share of income (loss) from continuing operations 8,632 233 (652) Numerator for diluted earnings per share – adjusted income (loss) from continuing operations 132,887 3,883 (9,178) Income from discontinued operations — 30,004 65,554 Income from discontinued operations attributable to noncontrolling interests — (4,462) (4,560) Income from discontinued operations attributable to common stockholders — 25,542 60,994 Dilutive noncontrolling interests share of discontinued operations — 1,915 4,662 Numerator for diluted earnings per share – adjusted income from discontinued operations $ — $ 27,457 $ 65,656 Denominator Weighted average shares outstanding-basic 175,938 178,273 178,196 Incremental weighted average shares effect of conversion of OP Units 12,851 12,718 13,736 Weighted average shares outstanding-diluted 188,789 190,991 191,932 INCOME (LOSS) PER COMMON SHARE-BASIC AND DILUTED Net income (loss) from continuing operations $ 0.70 $ 0.02 $ (0.05) Net income from discontinued operations — 0.14 0.34 Net income $ 0.70 $ 0.16 $ 0.29

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2015
Segment Information [Abstract]
Segment Information	13. SEGMENT INFORMATION We have four reportable operating segments, which include our three real property operating sectors (office, industrial, and retail) and debt related investments , and we measure our profit and loss of our operating segments based on net operating income (“NOI”) . 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. Specifically , 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 NOI of our segments for the years ended December 31, 2015, 2014, and 2013 (amounts in thousands). For the Year Ended December 31, Revenues NOI (unaudited) 2015 2014 2013 2015 2014 2013 Real property (1) Office $ 137,204 $ 139,245 $ 123,838 $ 97,441 $ 104,533 $ 95,618 Industrial 8,672 23,307 26,108 6,755 20,780 23,893 Retail 72,402 61,649 57,382 54,492 47,891 44,145 Debt related investments 6,922 7,396 10,449 6,922 7,396 10,449 Total $ 225,200 $ 231,597 $ 217,777 $ 165,610 $ 180,600 $ 174,105 (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 years ended December 31, 2015, 2014, and 2013 (amounts in thousands). For the Year Ended December 31, 2015 2014 2013 Net operating income $ 165,610 $ 180,600 $ 174,105 Real estate depreciation and amortization expense (83,114) (88,994) (87,174) General and administrative expenses (10,720) (11,108) (9,774) Advisory fees, related party (17,083) (15,919) (15,120) Acquisition-related expenses (2,644) (1,205) (536) Impairment of real estate property (8,124) (9,500) (2,600) Interest and other income (expense) 2,192 1,168 (153) Interest expense (47,508) (61,903) (65,325) Loss on extinguishment of debt and financing commitments (1,168) (63) (2,507) Gain on sale of real property 134,218 10,914 — Discontinued operations — 30,004 65,554 Net income attributable to noncontrolling interests (7,404) (4,802) (4,002) Net income attributable to common stockholders $ 124,255 $ 29,192 $ 52,468 The following table reflects our total assets by business segment as of December 31, 2015 and December 31, 2014 (amounts in thousands). As of December 31, 2015 2014 Segment assets: Net investments in real property Office (1) $ 1,027,132 $ 1,069,584 Industrial 61,231 207,655 Retail 785,854 652,187 Debt related investments, net 15,722 94,951 Total segment assets, net 1,889,939 2,024,377 Non-segment assets: Cash and cash equivalents 15,769 14,461 Other non-segment assets (2) 61,500 87,368 Assets held for sale (3) — 21,927 Total assets $ 1,967,208 $ 2,148,133 (1) Excludes 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) 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 December 31, 2014 .

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Taxes [Abstract]
Income Taxes	14. INCOME TAXES We operate in a manner intended to qualify for treatment as a REIT for U.S. federal income tax purposes. As a REIT, we generally will not be subject to federal income taxation at the corporate level to the extent we distribute 100% of our REIT taxable income annually, as defined in the Code, to our stockholders and satisfy other requirements. To continue to qualify as a REIT for federal tax purposes, we must distribute at least 90% of our REIT taxable income annually. No material provisions have been made for federal income taxes in the accompanying financial statements. We had a gross deferred tax asset of approximately $4.4 million as of both December 31, 201 5 and 201 4 , which is offset by a full valuation allowance. The tax years 2012 through 2014 remain open to examination by the major taxing jurisdictions to which we are subject.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies [Abstract]
Commitments and Contingencies	15. COMMITMENTS AND CONTINGENCIES Environmental Matters A majority of the properties we acquire are subjected to environmental reviews either by us or the previous owners. In addition, we may incur environmental remediation costs associated with certain land parcels we may acquire in connection with the development of the land. We have acquired certain properties in urban and industrial areas that may have been leased to or previously owned by commercial and industrial companies that discharged hazardous materials. We may purchase various environmental insurance policies to mitigate our exposure to environmental liabilities. Due to the uncertainty regarding our exposure to environmental liabilities and the timing and nature of settlement of any such liabilities, we cannot estimate the effect of such potential environmental remediation on our business, financial condition, or results of operations.

Quarterly Financial Data

Quarterly Financial Data	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Data [Abstract]
Quarterly Financial Data	16. QUARTERLY FINANCIAL DATA (UNAUDITED) The following table s present selected unaudited quarterly financial data for each quarter during the years ended December 31, 201 5 and 201 4 (amounts in thousands, except per share information). Certain reclassifications have been made to prior period results to conform to the current presentation. Certain totals and subtotals within the following table may not sum due to de minimus rounding adjustments. The following disclosures exclude the results from discontinued operations. For the For the Quarter Ended Year Ended March 31, June 30, September 30, December 31, December 31, 2015 2015 2015 2015 2015 Rental revenue $ 59,379 $ 51,075 $ 52,854 $ 54,970 $ 218,278 Debt related income 3,203 1,584 807 1,328 6,922 Total revenue 62,582 52,659 53,661 56,298 225,200 Total operating expenses (44,803) (41,168) (49,406) (45,898) (181,275) Other income (expenses) 114,422 (11,384) (5,680) (9,624) 87,734 Income (loss) from continuing operations 132,201 107 (1,425) 776 131,659 Discontinued operations — — — — — Net income (loss) 132,201 107 (1,425) 776 131,659 Net (income) loss attributable to noncontrolling interests (8,618) (37) 1,297 (46) (7,404) NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 123,583 $ 70 $ (128) $ 730 $ 124,255 Net income (loss) per basic and diluted common share Continuing operations $ 0.69 $ 0.00 $ (0.00) $ 0.01 $ 0.70 Discontinued operations $ — $ — $ — $ — $ — NET INCOME (LOSS) PER BASIC AND DILUTED COMMON SHARE $ 0.69 $ 0.00 $ (0.00) $ 0.01 $ 0.70 For the For the Quarter Ended Year Ended March 31, June 30, September 30, December 31, December 31, 2014 2014 2014 2014 2014 Rental revenue $ 55,060 $ 55,080 $ 56,793 $ 57,268 $ 224,201 Debt related income 2,013 1,760 1,798 1,825 7,396 Total revenue 57,073 56,840 58,591 59,093 231,597 Total operating expenses (42,259) (41,239) (51,258) (42,971) (177,723) Other expenses (12,683) (11,927) (14,852) (10,422) (49,884) Income (loss) from continuing operations 2,131 3,674 (7,519) 5,700 3,990 Discontinued operations 29,857 142 5 — 30,004 Net income (loss) 31,988 3,816 (7,514) 5,700 33,994 Net (income) loss attributable to noncontrolling interests (4,550) (330) 475 (397) (4,802) NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 27,438 $ 3,486 $ (7,039) $ 5,303 $ 29,192 Net income (loss) per basic and diluted common share Continuing operations $ 0.01 $ 0.02 $ (0.04) $ 0.03 $ 0.02 Discontinued operations $ 0.14 $ 0.00 $ 0.00 $ — $ 0.14 NET INCOME (LOSS) PER BASIC AND DILUTED COMMON SHARE $ 0.15 $ 0.02 $ (0.04) $ 0.03 $ 0.16

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	17. SUBSEQUENT EVENTS Launch of Private Placements of Delaware Statutory Trust Interests Private Placements On March 2, 2016, we, through the Operating Partnership, initiated a program to raise capital in private placements exempt from registration under the Securities Act of 1933, as amended (“Private Placements”) through the sale of beneficial interests (“Interests”) in specific Delaware statutory trusts holding real properties, including properties currently indirectly owned by the Operating Partnership (the “DST Program”). From 2006 through 2009, we, through our subsidiaries conducted similar private placement offerings of fractional interests in which it raised a total of $183.1 million in gross proceeds. These fractional interests were all subsequently acquired by the Operating Partnership in exchange for an aggregate of 17.7 million OP Units. Each Private Placement will offer Interests in one or more real properties placed into one or more Delaware statutory trust(s) by the Operating Partnership or its affiliates (“DST Properties”). We anticipate that these Interests may serve as replacement properties for investors seeking to complete like-kind exchange transactions under Section 1031 of the Internal Revenue Code of 1986, as amended (the “Code”). Additionally, any Interests sold to investors pursuant to such Private Placements will be leased-back by an indirect wholly owned subsidiary of the Operating Partnership on a long term basis of up to 29 years. The lease agreements are expected to be fully guaranteed by the Operating Partnership. Additionally, the Operating Partnership will retain a fair market value purchase option (“FMV Option”) giving it the right, but not the obligation, to acquire the Interests from the investors at a later time in exchange for OP Units. Dealer Manager Agreement In connection with the DST Program, on March 2, 2016, Dividend Capital Exchange LLC ( “DCX”), a wholly owned subsidiary of our taxable REIT subsidiary that is wholly owned by the Operating Partnership, entered into a Dealer Manager Agreement with our Dealer Manager, pursuant to which the Dealer Manager agreed to conduct Private Placements for Interests reflecting an indirect ownership of up to $500 million of Interests. DCX will pay certain up-front fees and reimburse certain related expenses to the Dealer Manager with respect to capital raised through any such Private Placements. DCX is obligated to pay the Dealer Manager a dealer manager fee of up to 1.5% of gross equity proceeds raised and a commission of up to 5% of gross equity proceeds raised through the Private Placements. The Dealer Manager may re-allow such commissions and a portion of such dealer manager fee to participating broker dealers. In addition, we, or our subsidiaries, are obligated to pay directly or reimburse the Advisor and the Dealer Manager if they pay on our behalf, any organization and offering expenses (other than selling commissions and the dealer manager fee) as and when incurred. These expenses may include reimbursements for the bona fide due diligence expenses of participating broker-dealers, supported by detailed and itemized invoices, and similar diligence expenses of investment advisers, legal fees of the Dealer Manager, reimbursements for customary travel, lodging, meals and reasonable entertainment expenses of registered persons associated with the Dealer Manager, the cost of educational conferences held by us, including costs reimbursement for registered persons associated with the Dealer Manager and registered representatives of participating broker-dealers to attend educational conferences sponsored by us, and attendance fees and costs reimbursement for registered persons associated with the Dealer Manager to attend seminars conducted by participating broker-dealers and promotional items. We intend to recoup the costs of the selling commissions and dealer manager fees described above through a purchase price “mark-up” of the initial estimated fair value of the DST Properties to be sold to investors, thereby placing the economic burden of these up-front fees on the investors purchasing such Interests. In addition, to offset some or all of our organization and offering expenses associated with the Private Placements, we will add a purchase price mark-up of the estimated fair value of the DST Properties to be sold to investors in the amount of 1.5% of the gross equity proceeds. Collectively, these purchase price mark-ups total up to 8% of the gross equity proceeds raised in the Private Placements. Additionally, we will be paid, by investors purchasing Interests, a non-accountable reimbursement equal to 1.0% of gross equity proceeds for real estate transaction costs that we expect to incur in selling or buying these Interests. Also, investors purchasing Interests will be required to pay their own respective closing costs upon the initial sale of the interests. Advisory Agreement In connection with the DST Program, we, the Operating Partnership and the Advisor entered into the Ninth Amended and Restated Advisory Agreement, dated as of March 2, 2016 (the “Amended Advisory Agreement”). The Amended Advisory Agreement amends the prior advisory agreement by providing that the fixed component of the advisory fee paid to the Advisor, in consideration for the asset management services it provides on the our behalf, is now a fixed component that accrues daily in an amount equal to 1/365th of 1.15% of (a) the “Aggregate Fund NAV” (i.e., the aggregate net asset value or “NAV” of our Class E shares, Class A shares, Class W shares and Class I shares, along with the OP Units held by third parties) for such day and (b) the consideration received by us or our affiliate for selling Interests in DST Properties to third party investors, net of up-front fees and expense reimbursements payable out of gross sale proceeds from the sale of such Interests, including but not limited to sales commissions, dealer manager fees and non-accountable expense allowances. Before this amendment, the Advisor was paid based on the amount of equity outstanding, and while the Private Placement is intended to raise capital for us, cash proceeds are received the day the Interests are sold but OP Units may not be issued for several years, if at all. This amendment clarifies that the Advisor will earn compensation for managing proceeds raised in the Private Placement. We will continue to pay the Advisor a development management fee equal to 4.0% of the cost to develop, construct or improve any properties, regardless of whether they are held in fee simple or DST Properties held through leasehold interests (though we may make only minor, non-structural modifications to DST Properties). The Amended Advisory Agreement also clarifies that we must reimburse the Advisor for any private offering organization and offering expenses, such as those of the DST Program, it incurs on our behalf, including Advisor personnel costs, unless it has agreed to receive a fee in lieu of reimbursement. Limited Partnership Agreement In connection with the launch of the DST Program, the Company, on behalf of itself as general partner and on behalf of all the limited partners thereto, entered into the Fifth Amended and Restated Limited Partnership Agreement of the Operating Partnership, dated as of March 2, 2016 (the “Amended and Restated Operating Partnership Agreement”). The Amended and Restated Operating Partnership Agreement amends the prior operating partnership agreement by establishing two series of Class E OP Units, with different redemption and registration rights. The currently existing third-party holders of Class E OP Units will now hold Series 1 Class E OP Units, and will continue to have the same redemption and registration rights they had previously, which include the right, in certain circumstances to require the Operating Partnership to redeem the OP Units for Class E shares of the Company or cash. Any purchasers of Interests in the DST Program that ultimately acquire OP Units through the FMV Option will acquire Series 2 Class E OP Units, which will have similar redemption and registration rights to those of the holders of Series 1 Class E OP Units, except that their redemption rights will in certain circumstances require the Operating Partnership to redeem the OP Units for Class I shares of the Company. In addition, the Amended and Restated Operating Partnership Agreement provides that a redemption fee of 1.5% of the shares otherwise payable to a limited partner upon redemption of Series 2 Class E Units will be paid to the Manager (defined below). Delaware Statutory Trust Agreement DCX Manager LLC (the “ Manager”), a related party and an affiliate of the Advisor , will be engaged to act as the manager of each Delaware statutory trust holding a DST Property. While the intention is to sell 100% of the interests to third parties, DCX may hold an interest for a period of time and therefore could be subject to the following description of fees and reimbursements paid to the Manager. The trust manager will have primary responsibility for performing administrative actions in connection with the trust and any DST Property and has the sole power to determine when it is appropriate for a trust to sell a DST Property. The trust manager will be entitled to the following payments from the trust: (i) a management fee equal to a stated percentage (e.g., 1.0% ) of the gross rents payable to the trust, with such amount to be set on a deal-by-deal basis, (ii) a disposition fee of 1.0% of the gross sales price of any DST Property sold to a third party, and (iii) reimbursement of certain expenses associated with the establishment, maintenance and operation of the trust and DST Properties. Additionally, the Manager or its affiliate may earn a 1.0% loan fee for any financing arrangement sourced, negotiated and executed in connection with the DST Program. This loan fee only is payable to the Manager by new investors that purchase Interests and therefore is not paid by the Company or its affiliates. We have evaluated subsequent events for the period from December 31, 2015, the date of these financial statements, through the date these financial statements are issued, and determined that there have been no other significant subsequent events. For information regarding dispositions and financing transactions that occurred subsequent to December 31, 2015, see “Subsequent Events” in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” of this Annual Report on Form 10-K.

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2015
Scedule III - Real Estate and Accumulated Depreciation [Abstract]
Schedule III - Real Estate and Accumulated Depreciation	Dividend Capital Diversified Property Fund Inc. Schedule III — Real Estate and Accumulated Depreciation As of December 31, 2015 (dollar amounts in thousands) Initial Cost to Company Gross Amount Carried at December 31, 2015 Property Market No. of Buildings Encumbrances (1) Land Buildings and Improvements (2) Total Costs Cost Capitalized or Adjustments Subsequent to Acquisition (4) Land Buildings and Improvements (2) Total Costs (3, 4) Accumulated Depreciation (4) Acquisition Date Depreciable Life (years) Office Properties: Jay Street Silicon Valley, CA 3 $ 23,500 $ 13,859 $ 21,974 $ 35,833 $ 6,079 $ 13,859 $ 28,053 $ 41,912 $ 9,412 6/28/06 3 - 40 Bala Pointe Philadelphia, PA 1 24,000 10,115 27,516 37,631 5,851 10,115 33,367 43,482 12,584 8/28/06 2 - 40 40 Boulevard Chicago, IL 1 7,890 2,611 7,797 10,408 6,210 2,611 14,007 16,618 7,112 1/24/07 3 - 40 Washington Commons Chicago, IL 10 21,300 9,019 16,622 25,641 1,485 6,302 20,824 27,126 10,150 2/1/07 1 - 40 Joyce Blvd Fayetteville, AR 1 — 2,699 8,996 11,695 — 2,699 8,996 11,695 2,889 9/28/07 10 - 40 Eden Prairie (ATK) Minneapolis/St Paul, MN 1 — 3,538 25,865 29,403 112 3,538 25,977 29,515 6,790 10/3/08 5 - 40 Austin-Mueller Healthcare Austin, TX 1 — 2,663 42,315 44,978 — 2,663 42,315 44,978 11,351 12/23/08 11 - 40 1300 Connecticut Washington, DC 1 45,041 25,177 41,250 66,427 2,783 25,177 44,033 69,210 18,930 3/10/09 5 - 40 Campus Road Office Center Princeton, NJ 1 — 5,302 45,773 51,075 158 5,302 45,931 51,233 11,390 11/3/09 10 - 40 Preston Sherry Plaza Dallas, TX 1 — 7,500 22,303 29,803 6,072 7,500 28,375 35,875 10,213 12/16/09 3 - 40 Harborside Plaza Northern New Jersey 1 107,248 16,800 193,742 210,542 14,004 16,800 207,746 224,546 66,422 6/25/10 3 - 40 Colshire Drive Washington, DC 1 — 21,100 157,983 179,083 (5) 21,100 157,978 179,078 60,520 6/25/10 7 - 40 Sunset Hills Road Washington, DC 1 — 2,700 31,915 34,615 36 2,700 31,951 34,651 14,087 6/25/10 5 - 40 Sybase Drive East Bay, CA 1 — 8,400 136,797 145,197 142 8,400 136,939 145,339 54,156 6/25/10 7 - 40 655 Montgomery San Francisco, CA 1 56,134 40,327 73,961 114,288 5,950 32,633 87,605 120,238 13,046 11/7/13 2 - 40 1st Avenue Plaza Denver, CO 2 — 15,713 65,252 80,965 1,142 15,713 66,394 82,107 5,922 8/22/14 1 - 40 Rialto Austin, TX 2 — 5,094 32,652 37,746 252 5,094 32,904 37,998 2,344 1/15/15 1 - 40 City View Austin, TX 2 — 4,606 65,250 69,856 587 4,606 65,837 70,443 2,415 4/24/15 1 - 40 Venture Corporate Center South Florida 3 — 12,047 34,151 46,198 (16) 12,047 34,135 46,182 1,306 8/6/15 1 - 40 Bank of America Tower South Florida 1 — 5,030 30,917 35,947 — 5,030 30,917 35,947 — 12/11/15 1 - 40 Total Office Properties 36 $ 285,113 $ 214,300 $ 1,083,031 $ 1,297,331 $ 50,842 $ 203,889 $ 1,144,284 $ 1,348,173 $ 321,039 Initial Cost to Company Gross Amount Carried at December 31, 2015 Property Market No. of Buildings Encumbrances (1) Land Buildings and Improvements (2) Total Costs Cost Capitalized or Adjustments Subsequent to Acquisition (4) Land Buildings and Improvements (2) Total Costs (3, 4) Accumulated Depreciation (4) Acquisition Date Depreciable Life (years) Industrial Properties: Shiloh Road Dallas, TX 3 $ 22,700 $ 5,162 $ 30,192 $ 35,354 $ 392 $ 5,165 $ 30,581 $ 35,746 $ 11,244 12/21/06 6 - 40 6900 Riverport Louisville, KY 1 — 751 4,131 4,882 434 751 4,565 5,316 1,348 9/17/08 3 - 40 7000 Riverport Louisville, KY 1 — 1,124 6,821 7,945 778 1,124 7,599 8,723 2,535 9/17/08 5 - 40 7050 Riverport Louisville, KY 1 — 672 3,862 4,534 252 672 4,114 4,786 1,564 9/17/08 5 - 40 7201 Riverport Louisville, KY 1 — 1,130 6,614 7,744 703 1,130 7,317 8,447 2,352 9/17/08 3 - 40 South Columbia Central Kentucky 1 — 730 25,092 25,822 2,475 730 27,567 28,297 11,040 6/25/10 7 - 40 Total Industrial Properties 8 $ 22,700 $ 9,569 $ 76,712 $ 86,281 $ 5,034 $ 9,572 $ 81,743 $ 91,315 $ 30,083 Initial Cost to Company Gross Amount Carried at December 31, 2015 Property Market No. of Buildings Encumbrances (1) Land Buildings and Improvements (2) Total Costs Cost Capitalized or Adjustments Subsequent to Acquisition (4) Land Buildings and Improvements (2) Total Costs (3, 4) Accumulated Depreciation (4) Acquisition Date Depreciable Life (years) Retail Properties: Bandera Road San Antonio, TX 1 $ 21,500 $ 8,221 $ 23,472 $ 31,693 $ 376 $ 8,221 $ 23,848 $ 32,069 $ 7,342 2/1/07 5 - 4 0 Beaver Creek Raleigh, NC 1 26,200 13,017 31,375 44,392 1,161 13,017 32,536 45,553 9,338 5/11/07 5 - 40 Centerton Square Philadelphia, PA 1 67,800 26,488 76,838 103,326 1,800 26,488 78,638 105,126 24,301 5/11/07 5 - 40 CB Square Jacksonville, FL 1 — 3,768 16,660 20,428 (934) 3,768 15,726 19,494 4,009 6/27/07 6 - 40 Braintree Greater Boston 1 — 9,270 31,266 40,536 581 9,270 31,847 41,117 9,780 8/1/07 5 - 40 Holbrook Greater Boston 1 — 4,590 14,724 19,314 202 4,590 14,926 19,516 5,212 8/1/07 10 - 40 Kingston Greater Boston 1 10,574 8,580 12,494 21,074 1,178 8,580 13,672 22,252 4,824 8/1/07 5 - 40 Manomet Greater Boston 1 — 1,890 6,480 8,370 379 1,890 6,859 8,749 2,269 8/1/07 5 - 40 Orleans Greater Boston 1 — 8,780 23,683 32,463 473 8,780 24,156 32,936 7,062 8/1/07 2 - 40 Sandwich Greater Boston 1 15,825 7,380 25,778 33,158 79 7,380 25,857 33,237 7,133 8/1/07 5 - 40 Wareham Greater Boston 1 24,400 13,130 27,030 40,160 1,719 13,130 28,749 41,879 8,727 8/1/07 5 - 40 Abington Greater Boston 1 — 14,396 594 14,990 — 14,396 594 14,990 594 8/1/07 0 Hyannis Greater Boston 1 — 10,405 917 11,322 — 10,405 917 11,322 419 8/1/07 18 Mansfield Greater Boston 1 — 5,340 16,490 21,830 — 5,340 16,490 21,830 4,259 8/1/07 16 - 40 Meriden Greater Boston 1 — 6,560 22,014 28,574 — 6,560 22,014 28,574 5,993 8/1/07 13 - 40 Weymouth Greater Boston 1 16,000 5,170 19,396 24,566 (257) 4,913 19,396 24,309 5,818 8/1/07 40 Whitman 475 Bedford Street Greater Boston 1 — 3,610 11,682 15,292 — 3,610 11,682 15,292 3,118 8/1/07 16 - 40 Brockton Eastway Plaza Greater Boston 1 — 2,530 2,074 4,604 748 2,530 2,822 5,352 1,136 8/1/07 5 - 40 Cohasset Greater Boston 1 — 3,920 7,765 11,685 1,028 3,920 8,793 12,713 2,614 8/1/07 6 - 40 Hanover Greater Boston 1 — 1,490 5,084 6,574 768 1,490 5,852 7,342 1,719 8/1/07 5 - 40 Rockland 360-372 Market Greater Boston 1 — 1,200 2,437 3,637 — 1,200 2,437 3,637 1,033 8/1/07 40 Brockton Westgate Plaza Greater Boston 1 — 3,650 6,507 10,157 34 3,650 6,541 10,191 2,357 8/1/07 11 - 40 Harwich Greater Boston 1 5,337 5,290 8,814 14,104 — 5,290 8,814 14,104 2,246 10/18/07 21 - 40 New Bedford Greater Boston 1 7,580 3,790 11,152 14,942 — 3,790 11,152 14,942 2,721 10/18/07 22 - 40 Norwell Greater Boston 1 4,986 5,850 14,547 20,397 — 5,850 14,547 20,397 3,798 10/18/07 15 - 40 Greater DC Retail Washington, DC 1 70,000 19,779 42,515 62,294 239 19,781 42,752 62,533 14,688 4/6/09 5 - 40 Springdale Greater Boston 1 — 11,866 723 12,589 8 11,866 731 12,597 319 2/18/11 6 - 20 Saugus Greater Boston 1 — 3,783 9,713 13,496 91 3,783 9,804 13,587 4,071 3/17/11 5 - 40 Durgin Square Greater Boston 2 — 7,209 21,055 28,264 — 7,209 21,055 28,264 2,256 5/28/14 4 - 40 Salt Pond Greater Boston 2 — 8,759 40,233 48,992 15 8,759 40,248 49,007 2,658 11/4/14 2 - 40 South Cape Greater Boston 6 — 9,936 27,552 37,488 (242) 9,936 27,310 37,246 1,406 3/18/15 1 - 40 Shenandoah South Florida 3 10,834 10,501 27,397 37,898 — 10,501 27,397 37,898 794 8/6/15 1 - 40 Chester Springs Northern New Jersey 4 — 7,376 51,155 58,531 (47) 7,376 51,108 58,484 821 10/8/15 1 - 40 Yale Village Tulsa, OK 4 — 3,492 30,655 34,147 — 3,492 30,655 34,147 — 12/9/15 3 - 40 Total Retail Properties 49 $ 281,036 $ 261,016 $ 670,271 $ 931,287 $ 9,399 $ 260,761 $ 679,925 $ 940,686 $ 154,835 Grand Total 93 $ 588,849 $ 484,885 $ 1,830,014 $ 2,314,899 $ 65,275 $ 474,222 $ 1,905,952 $ 2,380,174 $ 505,957 (1) Encumbrances represents mortgage debt principal balances encumbering each property as of December 31, 2015. (2) Building and improvements include intangible lease assets. (3) As of December 31, 2015, the aggregate cost for federal income tax purposes of investments in real property was approximately $ 2.1 billion (unaudited). (4) Amount is presented net of impairments and other write-offs of tenant-related assets that were recorded at acquisition as part of our purchase price accounting. Such write-offs are the results of lease expirations and terminations. The following table summarizes activity for real estate and accumulated depreciation for the years ended December 31, 2015, 2014, and 2013 (amounts in thousands). For the Year Ended December 31, 2015 2014 2013 Investments in real estate: Balance at the beginning of the year $ 2,472,926 $ 2,570,480 $ 2,819,550 Acquisitions of operating properties 357,811 158,221 114,827 Improvements 25,557 12,512 26,680 Basis of operating properties disposed of (467,996) (258,787) (387,977) Impairment of real property (8,124) (9,500) (2,600) Balance at the end of the year (1) $ 2,380,174 $ 2,472,926 $ 2,570,480 Accumulated depreciation: Balance at the beginning of the year $ 523,246 $ 502,847 $ 482,782 Real estate depreciation and amortization expense (2) 83,114 88,994 108,191 Above-market lease assets amortization expenses 5,216 6,708 7,293 Accumulated depreciation and amortization written off (3) (105,619) (75,303) (95,419) Balance at the end of the year $ 505,957 $ 523,246 $ 502,847 (1) Amounts for the years ended December 31, 2014 and 2013 include approximately $30.1 million and $193.6 million, respectively, of investments in real estate related to properties classified as held for sale. (2) Amount for the year ended December 31, 2013 includes approximately $21.0 million of real estate depreciation and amortization expenses that is included in discontinued operations in our accompanying statements of income. (3) Amounts represent accumulated depreciation and amortization written off due to real property dispositions and early lease termination .

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Policy)	12 Months Ended
	Dec. 31, 2015
Summary of Significant Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation Due to our control of our Operating Partnership through our sole general partnership interest and the limited rights of the limited partners, we consolidate our Operating Partnership, and limited partner interests not held by us are reflected as noncontrolling interests in the accompanying consolidated financial statements (herein referred to as “financial statements”). All significant intercompany accounts and transactions have been eliminated in consolidation. Our financial statements also include the accounts of our consolidated subsidiaries and joint ventures through which we are the primary beneficiary, when such subsidiaries and joint ventures are variable interest entities, or through which we have a controlling interest. In determining whether we have a controlling interest in a joint venture and the requirement to consolidate the accounts of that entity, we consider factors such as ownership interest, board representation, management representation, authority to make decisions, and contractual and substantive participating rights of the partners/members as well as whether the entity is a variable interest entity in which we have the power to direct the activities that most significantly impact the entity’s economic performance and the obligation to absorb losses that could potentially be significant to the entity or the right to receive benefits that could potentially be significant to the entity. All joint ventures in which we have investments are variable interest entities. All of our investments in joint ventures represent our interests in real estate partnerships, formed for the purpose of acquiring, leasing, managing, holding for investment, selling and otherwise dealing with real property investments. Our involvement with our joint ventures affects our financial position, financial performance and cash flows in ways similar to direct ownership of real property investment. We own a significantly disproportionate majority of the ownership interests of our joint ventures. In each of our joint ventures, our joint venture partner performs the day-to-day management of the real properties owned by the respective joint ventures. However, in each of our joint ventures, we approve the activities that most significantly impact the joint venture’s economic performance. Due to our substantive approval rights and our exposure to the economic returns and losses of each of the joint ventures, we are the primary beneficiary of each of our joint ventures. Based on these considerations, we consolidate all of our investments in joint ventures. See our consolidated balance sheets for disclosure of the amount of real property and mortgage note borrowings that we consolidated through our investments in variable interest entities as of December 31, 2015 and 2014. Judgments made by us with respect to our level of influence or control of an entity and whether we are the primary beneficiary of a variable interest entity involve consideration of various factors, including the form of our ownership interest, the size of our investment (including loans), our ability to direct the activities of the entity, and our obligation to absorb the losses of, or, our right to receive benefits from the entity. Our ability to correctly assess our influence or control over an entity affects the presentation of these investments in our financial statements and, consequently, our financial position and specific items in our results of operations that are used by our stockholders, lenders and others in their evaluation of us. The maximum risk of loss related to our investment in these consolidated variable interest entities is limited to our recorded investments in such entities. The creditors of the consolidated variable interest entities do not have recourse to our general credit. Generally, we consolidate real estate partnerships and other entities that are not variable interest entities when we own, directly or indirectly, a majority voting interest in the entity.
Reclassifications	Reclassifications Certain amounts included in the accompanying financial statements for 2014 and 2013 have been reclassified to conform to the 2015 financial statement presentation with no effect on previously reported net income (loss) or equity. We reclassified certain third-party payments related to efforts to acquire real properties that were not ultimately completed (“terminated acquisition costs”) incurred during the years en ded December 31, 2014 and 2013 , from “general and administrative expenses” int o “acquisition-related expenses ” , none of which are material. Balance sheet amounts for properties classified as held for sale have been reclassified as of December 31, 2014. Statements of income amounts for properties classified as discontinued operations have been reclassified for the years ended December 31, 2014 and 2013. After December 31, 2013, a discontinued operation is a component (or group of components) of the entity, the disposal of which would represent a strategic shift that has (or will have) a major effect on the entity’s operations and financial results, when such component (or group of components) have been disposed of or classified as held for sale. Through December 31, 2013, discontinued operations represent properties that we have either disposed of or have classified as held for sale if both the operations and cash flows of the property have been or will be eliminated from our ongoing operations as a result of the disposal transaction and if we will not have any significant continuing involvement in the operations of the property after the disposal transaction. Amounts in our segment and quarterly financial data disclosures in Notes 13 and 16 reflect the reclassification of amounts related to properties classified as discontinued operations as of December 31, 2014.
Investments	Investments Real Property Costs associated with the acquisition of real property, including acquisition fees paid to our Advisor, are expensed as incurred. In addition, we estimate the fair value of contingent consideration and contingencies related to acquisitions of real property in determining the total cost of the property acquired. Subsequent changes in the fair value of such contingent consideration are recorded either as a gain or loss in our consolidated statements of income. Contingencies are subsequently adjusted through the consolidated statements of income when new information becomes available indicating that settlement of a contingent liability is probable and can be estimated at an amount greater than the acquisition date fair value, or the contingency is resolved, in which case the contingent asset or liability is derecognized. Costs associated with the development and improvement of our real property assets are capitalized as incurred. Costs incurred in making repairs and maintaining real estate assets are expensed as incurred. During the land development and construction periods, we capitalize interest costs, insurance, real estate taxes and certain general and administrative costs if such costs are incremental and identifiable to a specific activity to get the asset ready for its intended use. The results of operations for acquired real property are included in our accompanying statements of income from their respective acquisition dates. Upon acquisition, the total cost of a property is allocated to land, building, building and land improvements, tenant improvements and intangible lease assets and liabilities. The purchase price allocation of the total cost to land, building, building improvements, tenant improvements, intangible lease assets and intangible lease liabilities is based on our estimate of the property’s as-if vacant fair value. The as-if vacant fair value is calculated by using all available information such as the replacement cost of such asset, appraisals, property condition reports, market data and other related information. The difference between the fair value and the face value of debt assumed in an acquisition is recorded as an adjustment to the purchase price allocation. The allocation of the total cost of a property to an intangible lease asset includes the value associated with the in-place leases, which may include lost rent, leasing commissions, tenant improvements, legal and other costs. We record acquired “above-market” and “below-market” leases at their fair value equal to the difference between the contractual amounts to be paid pursuant to each in-place lease and our estimate of fair market lease rates for each corresponding in-place lease, measured over a period equal to the remaining term of the lease for above-market leases and the remaining term of the lease plus the term of any below-market fixed-rate renewal option periods for below-market leases. In addition, we allocate a portion of the purchase price of an acquired property to the estimated value of customer relationships, if any. As of December 31, 2015, we had not recognized any estimated value to customer relationships. The following table summarizes the amounts that we have incurred in amortization expense for intangible lease assets and adjustments to rental revenue for above-market lease assets and below-market lease liabilities for the years ended December 31, 2015, 2014 and 2013 (amounts in thousands). For the Year Ended December 31, 2015 2014 2013 Above-market lease assets $ (5,216) $ (6,708) $ (7,293) Below-market lease liabilities 6,029 7,324 7,537 Net increase to rental revenue $ 813 $ 616 $ 244 Intangible lease asset amortization $ (44,260) $ (48,937) $ (62,325) We expense any unamortized intangible lease asset or record an adjustment to rental revenue for any unamortized above-market lease asset or below-market lease liability when a tenant terminates a lease before the stated lease expiration date. We recorded an insignificant amount of adjustments related to write-offs of unamortized intangible lease assets and liabilities due to early lease terminations during the years ended December 31, 2015, 2014 and 2013. Real property assets, including land, building, building and land improvements, tenant improvements, lease commissions, and intangible lease assets and liabilities are stated at historical cost less accumulated depreciation and amortization. Depreciation and amortization are computed on a straight-line basis over their estimated useful lives as described in the following table. Description Depreciable Life Land Not depreciated Building 40 years Building and land improvements 5 - 40 years Tenant improvements Lesser of useful life or lease term Lease commissions Over lease term Intangible in-place lease assets Over lease term Above-market lease assets Over lease term Below-market lease liabilities Over lease term, including below-market fixed-rate renewal options The following table presents expected amortization during the next five years and thereafter related to the acquired above-market lease assets, below-market lease liabilities and acquired in-place lease intangibles, for properties owned as of December 31, 2015 (amounts in thousands). For the Year Ended December 31, 2016 2017 2018 2019 2020 Thereafter Total Acquired above-market lease assets $ (5,098) $ (2,505) $ (729) $ (643) $ (248) $ (698) $ (9,921) Acquired below-market lease liabilities 5,749 5,079 4,474 3,748 3,042 41,782 63,874 Net rental revenue increase $ 651 $ 2,574 $ 3,745 $ 3,105 $ 2,794 $ 41,084 $ 53,953 Acquired in-place lease intangibles $ 45,472 $ 27,756 $ 16,721 $ 11,568 $ 6,649 $ 20,527 $ 128,693 Discontinued Operations and Held for Sale Beginning with the year ended December 31, 2014, a discontinued operation is defined as a component (or group of components) of the entity, the disposal of which would represent a strategic shift that has (or will have) a major effect on the entity’s operations and financial results, when such a component (or group of components) has been disposed of or classified as held for sale. Through December 31, 2013, we present the results of operations and the respective aggregate net gains (losses) of any property or group of properties that were disposed or classified as held for sale as of the end of each year 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. Interest expense is included in discontinued operations only if it is directly attributable to these operations or properties. The results of operations of properties that have been classified as discontinued operations are reported as discontinued operations for all periods presented. We classify real property as held for sale when our management commits to a plan to sell the property, the plan has appropriate approvals, the sale of the property is probable, and certain other criteria are met. At such time, the respective assets and liabilities are presented separately on our balance sheets and depreciation is no longer recognized. Assets held for sale are reported at the lower of their carrying amount or their estimated fair value less the costs to sell the assets. We recognize an impairment loss for assets held for sale if the current net book value of the property exceeds its fair value less selling costs. As of December 31, 2014 and 2013, one and 12 of our properties were classified as held for sale, respectively. Debt Related Investments Debt related investments are considered to be held for investment, as we have both the intent and ability to hold these investments until maturity. Accordingly, these assets are carried at cost, net of unamortized loan origination costs and fees, discounts, repayments and unfunded commitments unless such loans or investments are deemed to be impaired.
Revenue Recognition	Revenue Recognition Revenue Recognition — Real Property We record rental revenue for the full term of each lease on a straight-line basis. Certain properties have leases that offer the tenant a period of time where no rent is due or where rent payments increase during the term of the lease. Accordingly, we record a receivable from tenants for rent that we expect to collect over the remaining lease term rather than currently, which is recorded as straight-line rents receivable. When we acquire a property, the term of existing leases is considered to commence as of the acquisition date for purposes of this calculation. Tenant recovery income includes payments from tenants for real estate taxes, insurance and other property operating expenses and is recognized as rental revenue. The following table summarizes straight-line rental adjustments and tenant recovery income received from tenants for real estate taxes, insurance and other property operating expenses and recognized as rental revenue for the years ended December 31, 2015, 2014, and 2013 (amounts in thousands): For the Year Ended December 31, 2015 2014 2013 Straight-line rent adjustments $ (976) $ 3,037 $ 8,864 Tenant recovery income (1) $ 37,526 $ 31,092 $ 33,029 (1) Tenant recovery income excludes real estate taxes that were paid directly by our tenants that are subject to triple net lease contracts. Such payments totaled approximately $7.0 million, $12.4 million and $12.6 million during the years ended December 31, 2015, 2014, and 2013, respectively.
Impairment	Impairment Impairment — Real Property We review our investments in real property individually on a quarterly basis, and more frequently when such an evaluation is warranted, to determine their appropriate classification, as well as whether there are indicators of impairment. The investments in real property are either classified as held and used or held for sale. As of December 31, 2015, all of our properties were classified as held and used. The held and used assets are reviewed for indicators of impairment, which may include, among others, vacancy, each tenant’s inability to make rent payments, operating losses or negative operating trends at the property level, notification by a tenant that it will not renew its lease, a decision to dispose of a property, including a change in estimated holding periods, or adverse changes in the fair value of any of our properties. If indicators of impairment exist on a held and used asset, we compare the future estimated undiscounted cash flows from the expected use of the property to its net book value to determine if impairment exists. If the sum of the future estimated undiscounted cash flows is greater than the current net book value, we conclude no impairment exists. If the sum of the future estimated undiscounted cash flows is less than its current net book value, we recognize an impairment loss for the difference between the net book value of the property and its estimated fair value . If a property is classified as held for sale, we recognize an impairment loss if the current net book value of the property exceeds its fair value less selling costs. If our assumptions, projections or estimates regarding a property change in the future, we may have to record an impairment charge to reduce or further reduce the net book value of the property. See Note 3 for a discussion of impairment charges relating to our real properties recorded during the years ended December 31, 2015, 2014, and 2013. Impairment — Debt Related Investments We review 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, the Financial Accounting Standards Board (the “FASB”) issued ASC Topic 310, Receivables , which permits a creditor to measure impairment based on the fair value of the collateral of an impaired collateral-dependent debt related investment or to measure impairment based on an observable market price for the impaired debt related investment as an alternative to discounting expected future cash flows. Regardless of the measurement method, a creditor should measure impairment based on the fair value of the collateral when the creditor determines that foreclosure is probable. A debt related investment is also considered impaired if its terms are modified in a troubled debt restructuring (“TDR”). A TDR occurs when we grant a concession to a borrower in financial difficulty by modifying the original terms of the loan. Impairments on TDR loans are generally measured based on the present value of expected future cash flows discounted at the effective interest rate of the original loan. See Note 4 for a discussion of impairment charges relating to our debt related investments recorded during the years ended December 31, 2015, 2014, and 2013.
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities We record all derivative instruments in the accompanying balance sheets at fair value. Accounting for changes in the fair value of a derivative instrument depends on the intended use of the derivative instrument and the designation of the derivative instrument. Derivative instruments used to hedge exposure to changes in the fair value of an asset, liability, or firm commitments attributable to a particular risk, such as interest rate risk, are considered “fair value” hedges. Derivative instruments used to hedge exposure to variability in expected future cash flows, such as future interest payments, or other types of forecasted transactions, are considered “cash flow” hedges. We do not have any fair value hedges. For derivative instruments designated as cash flow hedges, the changes in the fair value of the derivative instrument that represent changes in expected future cash flows, which are effectively hedged by the derivative instrument, are initially reported as other comprehensive income (loss) in the statement of equity until the derivative instrument is settled. Upon settlement, the effective portion of the hedge is recognized as other comprehensive income (loss) and amortized over the term of the designated cash flow or transaction the derivative instrument was intended to hedge. The change in value of any derivative instrument that is deemed to be ineffective is charged directly to earnings when the determination of hedge ineffectiveness is made. We assess the effectiveness of each hedging relationship by comparing the changes in fair value or cash flows of the derivative instrument with the changes in fair value or cash flows of the designated hedged item or transaction. For purposes of determining hedge ineffectiveness, management estimates the timing and potential amount of future fixed-rate debt issuances each quarter in order to estimate the cash flows of the designated hedged item or transaction. Management considers the likelihood of the timing and amount of entering into such forecasted transactions when determining the expected future fixed-rate debt issuances. We do not use derivative instruments for trading or speculative purposes. We classify cash paid to settle our forward starting swaps as financing activities in our statements of cash flows.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and highly liquid investments with original maturities of three months or less such as money market mutual funds or certificates of deposits. As of both December 31, 2015 and 2014, we have not realized any losses in such cash accounts or investments and believe that we are not exposed to any significant credit risk.
Restricted Cash	Restricted Cash Restricted cash consists primarily of lender and property-related escrow accounts. As of both December 31, 2015 and 2014, we had not realized any losses in such restricted cash accounts or investments related to, and believe that we are not exposed to, any significant credit risk.
Collectability of Receivables	Collectability of Receivables We evaluate the collectability of our rent and other receivables on a regular basis based on factors including, among others, payment history, the financial strength of the tenant or borrower and any guarantors. Specifically with regards to our debt related investments, we evaluate the collectability of our receivables based on factors including, among others, the value of the underlying collateral, the operations and operating trends of the underlying collateral, if any, the asset type and current economic conditions. If our evaluation of these factors indicates we may not recover the full amount of the receivable, we provide a reserve against the portion of the receivable that we estimate may not be recovered. This analysis requires us to determine whether there are factors indicating a receivable may not be fully collectible and to estimate the amount of the receivable that may not be collected. As of December 31, 2015 and 2014, we had rent and other receivables of approximately $34.1 million and $48.3 million included in the caption other assets in our accompanying balance sheets, respectively, related to which we recorded allowances of approximately $628,000 and $261,000 included in the caption other assets, respectively. If our assumptions or estimates regarding the collectability of a receivable change in the future, we may have to record allowances to reduce or further reduce the carrying value of the receivable.
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Accumulated other comprehensive loss as reported in the accompanying statements of equity primarily consists of the cumulative loss related to our derivatives of $9.1 million, before attribution to noncontrolling interests of $877,000 , and cumulative gain related to our real estate securities of approximately $200,000 , before attribution of a cumulative loss to noncontrolling interests of $1.2 million.
Basic and Diluted Net Income (Loss) per Common Share	Basic and Diluted Net Income (Loss) per Common Share Basic net income (loss) per common share is determined by dividing net income (loss) attributable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per common share includes the effects of potentially issuable common stock, but only if dilutive, including the presumed exchange of OP Units.
Stock-Based Compensation	Stock-Based Compensation Independent Director RSU Awards On December 5, 2013, our board of directors approved revised compensation for our independent directors. In connection with the revised compensation plan, at each annual meeting of stockholders the independent directors will automatically, upon election, rece ive an award of restricted stock units (“RSUs”) with respect to Class I shares of our common stock, with the number of RSUs based on the NAV per Class I share as of the end of the day of the annual meeting. RSUs granted under this plan are measured at fair value on the grant date and amortized to compensation expense on a straight-line basis over the service period after which the awards fully vest. Such expense is included in “general and administrative expenses” in our Consolidated Statements of Income. The fair value of these awards is measured at our NAV per share. RSUs awarded to our independent directors vest no later than one year from the date of grant. Advisor RSU 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, our Advisor and the personnel of our Advisor and its affiliates, and to promote retention of the personnel of our Advisor and its affiliates. Each restricted stock unit granted pursuant to the Advisor RSU Agreements (the “Company RSU”) will, upon vesting, entitle our Advisor to one Class I share of our common stock. The Advisor is expected to redistribute a significant portion of the Company RSUs and/or shares to senior level employees of our Advisor and its affiliates that provide services to us, although the terms of such redistributions (including the timing, amount and recipients) remain solely in the discretion of our Advisor. 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 our Advisor. Each offset amount equals the number of Company RSUs vesting on such date multiplied by the NAV per Class I share publicly disclosed by us as of the end of the grant date. Each offset amount is always calculated based on the grant date NAV per Class I share, even beyond the initial vesting date. 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 our Advisor under the Advisory Agreement, our Advisor shall promptly pay any shortfall to us. 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), our Advisor will be entitled to dividend equivalents (“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 outstanding. Any such Dividend Equivalents may be paid in cash or Class I shares, at our Advisor’s election. Accordingly, we classify Company RSUs as participating securities because participants receive dividends on unvested shares. We recognize all Company RSUs as outstanding common shares as of the grant date and record unvested dividends as dividends. Restricted Stock Grants Effective February 25, 2015 and March 4, 2014, we granted 49,263 and 44,793 restricted shares of Class I common stock , respectively, to certain employees of our Advisor and its affiliates, none of which are our named executive officers . Restricted stock grants are measured at fair value during the service period and recorded to compensation expense over the service period after which the grants fully vest. Such expense is included in “general and administrative expenses” in our Consolidated Statements of Income. The fair value of these awards is measured at our NAV per share as of the date the shares vest. During the years ended December 31, 2015 and 2014, we recorded approximately $188,000 and $125,000 within “general and administrative expenses” in our Consolidated Statements of Income, respectively. Our restricted stock generally vests ratably over a period of three to four years.
Dealer Manager And Distribution Fees	Dealer Manager and Distribution Fees Dividend Capital Securities LLC, which we refer to as our “Dealer Manager,” distributes the shares of our common stock in our public offering on a “best efforts” basis. Our 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 our public offering. Among other fees, we pay our Dealer Manager (i) a dealer manager fee which accrues daily in an amount equal to 1/365th of 0.6% of our NAV per share of Class A and Class W shares outstanding and an amount equal to 1/365th of 0.1% of our NAV per share of Class I shares outstanding on such day on a continuous basis, and (ii) a distribution fee which accrues daily in an amount equal to 1/365th of 0.5% of our NAV per share of Class A shares outstanding on such day on a continuous basis. We cease paying the dealer manager fee and distribution fee with respect to shares sold in the offering on the earlier to occur of the following: (i) a listing of the class of such shares on a national securities exchange, (ii) following the completion of an offering, total underwriting compensation in the offering equaling 10% of the gross proceeds from the primary portion of the respective offering, or (iii) such shares no longer being outstanding. We account for these dealer manager and distribution fees as a reduction in proceeds received from the sale of common stock. We recognize our obligation to pay such fees on a periodic basis, along with a corresponding reduction against the proceeds raised, as such fees become payable to our dealer manager pursuant to the terms of the dealer manager agreement. We record the net proceeds raised from the sale of common stock as equity as we sells such shares. However, we record the corresponding reduction to capital as dealer manager and distribution fees become contractually due to our Dealer Manager pursuant to the terms of the dealer manager agreement. The payment of dealer manager and distribution fees may extend several years after the sale of the related shares of common stock. See Note 11 for further discussion of dealer manager and distribution fees.
Use of Estimates	Use of Estimates The preparation of the financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions relating to the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ materially from those estimates. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected in the periods they are determined to be necessary.
New Accounting Pronouncements	New Accounting Pronouncements In January 2016, the FASB issued Accounting Standards Update 2016-01, which changes the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. The FASB also clarifies the guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The guidance will be effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2017. The guidance should be applied prospectively. Earlier application is permitted regarding the guidance on the presentation of the change in fair value of financial liabilities under the fair value option for financial statements that have not been issued. We do not anticipate the adoption will have a significant impact on our consolidated financial statements. In September 2015, the FASB issued Accounting Standards Update 2015-16, which simplifies the accounting for adjustments made to provisional amounts recognized in a business combination. The guidance eliminates the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. Instead, the guidance requires that an acquirer recognize measurement-period adjustments during the period in which they determine the amounts, including the effect on earnings of any amounts they would have recorded in previous periods if the accounting had been completed at the acquisition date. The guidance will be effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2015. The guidance should be applied prospectively to adjustments to provisional amounts that occur after the effective date with earlier application permitted for financial statements that have not been issued. We do not anticipate the adoption will have a significant impact on our consolidated financial statements. In August 2015 and April 2015, the FASB issued Accounting Standards Update 2015-15 (“ASU 2015-15”) and Accounting Standards Update 2015-03 (“ASU 2015-03”), respectively, which simplify the presentation of debt issuance costs and clarify the guidance for presenting and measuring debt issuance costs related to line-of-credit arrangements. ASU 2015-03 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. ASU 2015-15 permits an entity to defer and present debt issuance costs as an asset and subsequently amortize the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The recognition and measurement guidance for debt issuance costs is not affected by the guidance. Both ASU 2015-03 and ASU 2015-15 are 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 do not anticipate the adoption will have a significant impact on our consolidated financial statements. In June 2015, the FASB issued Accounting Standards Update 2015-10 (“ASU 2015-10”), which (i) made technical corrections and improvements to ASC Topic 815, Derivatives and Hedging (“ASC Topic 815”), which became effective upon the issuance of ASU 2015-10, and (ii) made technical corrections and improvements to ASC Topic 820, Fair Value Measurement and Disclosures (“ASC Topic 820”), which is effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2015, with early adoption permitted, including adoption in an interim period. We do not anticipate the adoption will have a significant impact on our consolidated financial statements. In February 2015, the FASB issued Accounting Standards Update 2015-02 (“ASU 2015-02”), Amendments to the Consolidation Analysis , which improves targeted areas of the consolidation guidance and reduces the number of consolidation models. The amendments in ASU 2015-02 are effective for annual and interim periods in fiscal years beginning after December 15, 2015, with early adoption permitted. We are currently evaluating the effect the guidance will have on our consolidated financial statements. In May 2014, the FASB issued Accounting Standards Update 2014-09 (“ASU 2014-09”), which provides new guidance outlining a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers that supersedes most current revenue recognition guidance. This guidance requires an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Additionally, this guidance expands related disclosure requirements. The new guidance specifically excludes revenue associated with lease contracts. In June 2015, the FASB agreed to defer the effective date of this guidance for a year from the original effective date outlined in ASU 2014-09, and as a result, the guidance will be effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2017 and will require full or modified retrospective application. Early adoption is permitted for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2016. We do not anticipate the adoption will have a significant impact on our consolidated financial statements.

Summary of Significant Accoun28

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Summary of Significant Accounting Policies [Abstract]
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 Year Ended December 31, 2015 2014 2013 Above-market lease assets $ (5,216) $ (6,708) $ (7,293) Below-market lease liabilities 6,029 7,324 7,537 Net increase to rental revenue $ 813 $ 616 $ 244 Intangible lease asset amortization $ (44,260) $ (48,937) $ (62,325)
Depreciation and Amortization Computed on Straight-Line Basis over Estimated Useful Lives	Description Depreciable Life Land Not depreciated Building 40 years Building and land improvements 5 - 40 years Tenant improvements Lesser of useful life or lease term Lease commissions Over lease term Intangible in-place lease assets Over lease term Above-market lease assets Over lease term Below-market lease liabilities Over lease term, including below-market fixed-rate renewal options
Expected Amortization During Next Five Years and Thereafter Related to Acquired Above-Market Lease Assets, Below-Market Lease Liabilities and Acquired In-Place Lease Intangibles	For the Year Ended December 31, 2016 2017 2018 2019 2020 Thereafter Total Acquired above-market lease assets $ (5,098) $ (2,505) $ (729) $ (643) $ (248) $ (698) $ (9,921) Acquired below-market lease liabilities 5,749 5,079 4,474 3,748 3,042 41,782 63,874 Net rental revenue increase $ 651 $ 2,574 $ 3,745 $ 3,105 $ 2,794 $ 41,084 $ 53,953 Acquired in-place lease intangibles $ 45,472 $ 27,756 $ 16,721 $ 11,568 $ 6,649 $ 20,527 $ 128,693
Schedule of Straight-Line Rent Adjustments and Tenant Recovery Income	For the Year Ended December 31, 2015 2014 2013 Straight-line rent adjustments $ (976) $ 3,037 $ 8,864 Tenant recovery income (1) $ 37,526 $ 31,092 $ 33,029 (1) Tenant recovery income excludes real estate taxes that were paid directly by our tenants that are subject to triple net lease contracts. Such payments totaled approximately $7.0 million, $12.4 million and $12.6 million during the years ended December 31, 2015, 2014, and 2013, respectively.

Investments in Real Property (T

Investments in Real Property (Tables)	12 Months Ended
	Dec. 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 December 31, 2015: Office $ 203,889 $ 833,655 $ 310,629 $ 1,348,173 $ (18,923) $ 1,329,250 Industrial 9,572 65,307 16,436 91,315 (344) 90,971 Retail 260,761 570,700 109,225 940,686 (74,282) 866,404 Total gross book value 474,222 1,469,662 436,290 2,380,174 (93,549) 2,286,625 Accumulated depreciation/amortization — (208,281) (297,676) (505,957) 29,675 (476,282) Total net book value $ 474,222 $ 1,261,381 $ 138,614 $ 1,874,217 $ (63,874) $ 1,810,343 As of December 31, 2014: Office (1) $ 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 $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 Property Type Market Number of Properties Date of Acquisition Acquired Ownership Contract Price Net Rentable Square Feet Percent Leased at Acquisition Bank of America Tower Office South Florida 1 12/11/15 100% $ 35,750 110 87% Yale Village Retail Tulsa, OK 1 12/9/15 100% 31,800 101 100% Chester Springs Retail Northern New Jersey 1 10/8/15 100% 53,781 223 95% Venture Corporate Center Office South Florida 1 8/6/15 100% 45,750 253 97% Shenandoah Retail South Florida 1 8/6/15 100% 32,670 124 100% City View Office Austin, TX 1 4/24/15 100% 68,750 274 99% South Cape Retail Greater Boston (1) 1 3/18/15 100% 35,450 143 92% Rialto Office Austin, TX 1 1/15/15 100% 37,300 155 94% Total 2015 real property acquisitions 8 $ 341,251 1,383 96% (1) Our Greater Boston market comprises the greater metro area around Boston, MA. As of December 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 Mark-to-Market Adjustment on Assumed Debt Total Fair Value Prorations and Credits Contract Price Intangible Lease Assets Intangible Lease Liabilities Bank of America Tower $ 5,030 $ 25,202 $ 5,715 $ (337) $ — $ 35,610 $ 140 $ 35,750 6.6 6.1 Yale Village 3,492 23,750 6,905 (2,347) — 31,800 — 31,800 14.8 24.3 Chester Springs 7,376 43,892 7,263 (4,750) — 53,781 — 53,781 4.8 19.0 Venture Corporate Center 12,047 22,183 11,968 (798) — 45,400 350 45,750 6.3 6.1 Shenandoah 10,501 22,959 4,438 (4,294) (934) 32,670 — 32,670 13.0 18.9 City View 4,606 55,868 9,382 (1,543) — 68,313 437 68,750 4.5 3.9 South Cape 9,936 22,877 4,675 (2,038) — 35,450 — 35,450 7.9 23.8 Rialto 5,094 26,740 5,751 (447) — 37,138 162 37,300 5.2 2.7 Total $ 58,082 $ 243,471 $ 56,097 $ (16,554) $ (934) $ 340,162 $ 1,089 $ 341,251
Schedule of Pro Forma Financial Information (Unaudited)	For the Year Ended December 31, 2015 2014 Actual: Total revenues $ 18,487 $ — Total rental expenses 6,687 — NOI (1) 11,800 — Net income before real estate depreciation and amortization expense 9,263 — Real estate depreciation and amortization expense 9,534 — Net loss (271) — Pro Forma: Total revenues (2) $ 260,553 $ 265,069 Total rental expenses 72,345 63,891 NOI (1) 188,208 201,178 Net income before real estate depreciation and amortization expense 238,877 139,480 Real estate depreciation and amortization expense 103,082 109,038 Net income (3) 135,795 30,442 (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 13. (2) The pro forma total revenues were adjusted to include incremental revenue of approximately $35.4 million and $33.5 million in relation to the 2015 acquisitions for the years ended December 31, 2015 and 2014, respectively. (3) Acquisition-related expenses of approximately $2.4 million in relation to our 2015 acquisitions were excluded from the pro forma net income for the year ended December 31, 2015 and included in the pro forma net income for the year ended December 31, 2014, as if these expenses had been incurred as of January 1, 2014.
Schedule Of Disposed Properties	Property Type Market Ownership Net Rentable Square Feet Percentage Leased Disposition Date Contract Sales Price Gain (loss) on Sale 2015 Dispositions: Retail Greater Boston 100% 11 100% 12/18/15 $ 1,625 $ 14 Office Silicon Valley, CA 100% 53 100% 12/14/15 16,750 970 Land Parcel Denver, CO 100% N/A N/A 8/12/15 7,577 1,701 Office Los Angeles, CA 100% 111 0% 7/20/15 12,549 2,866 Retail Pittsburgh, PA 100% 103 93% 5/5/15 12,500 — Office and Industrial Portfolio (1) Various (1) 100% 2,669 100% 3/11/15 398,635 105,542 Office Dallas, TX 100% 177 88% 1/16/15 46,600 23,125 Total 2015 real property dispositions 3,124 95% $ 496,236 $ 134,218 2014 Dispositions: Office Denver, CO 100% 138 100% 11/7/14 $ 9,100 $ 4,032 Industrial (2) Silicon Valley, CA 100% 177 41% 10/15/14 13,579 — Office East Bay, CA 100% 60 0% 6/13/14 5,700 2,755 Land Parcel Denver, CO 100% N/A N/A 4/14/14 780 93 Office Little Rock, AR 100% 102 100% 2/25/14 19,550 1,350 Retail Greater Boston 100% 110 0% 2/18/14 6,750 2,276 Industrial Portfolio Various (3) 93% 3,387 99% 1/22/14 175,000 29,545 Total 2014 real property dispositions 3,974 93% $ 230,459 $ 40,051 2013 Dispositions: Office Chicago, IL 100% 100 100% 10/15/13 $ 18,000 $ 5,580 Office Denver, CO 100% 133 98% 9/13/13 58,100 10,233 Office Denver, CO 100% 257 100% 7/31/13 71,000 35,371 Office Greater Boston 100% 132 100% 6/6/13 25,500 6,734 Office (4) Dallas, TX 100% 1,509 66% 5/31/13 122,231 15,462 Industrial Portfolio Various (5) 96% 1,918 98% 5/10/13 85,935 (311) Office Dallas, TX 100% 62 100% 1/13/13 8,500 1,217 Total 2013 real property dispositions 4,111 86% $ 389,266 $ 74,286 (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. (2) On October 15, 2014, we disposed of a wholly owned industrial property comprising approximately 177,000 net rentable square feet in three buildings located in the Silicon Valley, CA market (“Lundy”). At the time of the disposition, the property had a net investment amount of approximately $13.1 million (after a $2.6 million impairment charge which we recorded during the fourth quarter of 2013). The property was transferred to the lender through a foreclosure sale which extinguished amounts due, including related principal of $13.6 million. (3) Industrial portfolio included 12 properties located in the following markets: Atlanta, GA, Central Pennsylvania, Cincinnati, OH, Columbus, OH, Dallas, TX, Indianapolis, IN, and Minneapolis/St. Paul, MN. (4) During the year ended December 31, 2012, we became the 100% owner of the titleholder of a 1.5 million square foot office property in the Dallas, TX market (“Comerica Bank Tower”), as the result of our foreclosure of a non-performing mezzanine loan for which such ownership interest had served as collateral. Comerica Bank Tower was subject to a mortgage note with a principal balance of $179.8 million as of the acquisition date bearing interest at 5.8% , which would have matured in January 2017. On September 10, 2012, we were notified that a receiver (the “Receiver”) had been appointed for the Comerica Bank Tower. As of March 31, 2013, the unpaid principal balance of this mortgage note was $177.4 million. On May 31, 2013, Comerica Bank Tower was sold by the Receiver pursuant to court order to a purchaser unaffiliated with us. Because of the outstanding principal balance of the mortgage note, we did not receive any proceeds from the sale of Comerica Bank Tower. (5) Industrial portfolio included seven properties located in the following markets: Philadelphia, PA, Sacramento, CA, Central Pennsylvania, Charlotte, NC, Atlanta, GA, and Chicago, IL.
Schedule Of Discontinued Operations Assets Held For Sale	As of December 31, 2014 Land $ 4,075 Building and improvements 19,337 Intangible lease assets 7,005 Accumulated depreciation (10,163) Other assets, net 1,673 Assets held for sale $ 21,927 Other liabilities 1,880 Liabilities related to assets held for sale $ 1,880
Schedule of Amounts Recorded as Discontinued Operations	For the Year Ended December 31, 2014 2013 Revenues $ 969 $ 39,023 Rental expense (340) (14,020) Real estate depreciation and amortization expense — (21,017) Interest expense (296) (12,662) Other expenses (8) (56) Income (loss) from discontinued operations 325 (8,732) Gain (Loss) on disposition 29,679 74,286 Discontinued operations 30,004 65,554 Discontinued operations attributable to noncontrolling interests (4,462) (4,560) Discontinued operations attributable to common stockholders $ 25,542 $ 60,994
Future Minimum Rental Receivable Under Non Cancelable Operating and Ground Leases	For the Year Ended December 31, Future Minimum Rentals 2016 $ 183,489 2017 141,830 2018 118,680 2019 103,909 2020 72,457 Thereafter 191,084 Total $ 811,449
Schedule of Top Five Tenants as Percentage of Consolidated Annual Base Rent and Square Feet	Tenant Locations Industry Annualized Base Rent (1) % of Total Annualized Base Rent Square Feet % of Total Portfolio Square Feet Charles Schwab & Co . , Inc. 2 Securities, Commodities, Fin. Inv./Rel. Activities $ 23,408 12.8% 602 6.6% Sybase 1 Publishing Information (except Internet) 18,692 10.3% 405 4.5% Northrop Grumman (2) 1 Professional, Scientific and Technical Services 15,901 8.7% 575 6.3% Stop & Shop 16 Food and Beverage Stores 14,983 8.2% 911 10.1% Novo Nordisk 1 Chemical Manufacturing 4,535 2.5% 167 1.8% 21 $ 77,519 42.5% 2,660 29.3% (1) Annualized base rent represents the annualized monthly base rent of executed leases as of December 31, 2015. (2) Northrop Grumman exercised a purchase option to acquire the office property that they leased from us on February 18, 2016. As a result, Northrop Grumman is no longer our tenant. Prior to acquiring this property from us, Northrop Grumman’s lease would have expired in 2016. For a more detailed discussion of the purchase option and the related property disposition, see “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations – Subsequent Events ” of this Annual Report on Form 10-K.

Debt Related Investments (Table

Debt Related Investments (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Related Investments [Abstract]
Details of Debt Related Income	For the Year Ended December 31, Weighted Average Yield as of Investment Type 2015 2014 2013 December 31, 2015 (1) Mortgage notes (2) $ 5,136 $ 4,521 $ 8,726 6.1% B-notes — — 51 N/A Mezzanine debt (3) 1,786 2,875 1,672 N/A Total $ 6,922 $ 7,396 $ 10,449 6.1% (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 December 31, 2015. As of December 31, 2015, all of our debt related investments bear interest at fixed rates. (2) Six , three and four of our debt related investments structured as mortgage notes were repaid in full during the years ended December 31, 2015, 2014 and 2013, respectively. 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. (3) Our debt related investment structured as a mezzanine loan was repaid in full during the year ended December 31, 2015. During the year ended December 31, 2015, amounts recorded were offset by accelerated amortization of deferred due diligence costs.
Debt Investment Activity	Year Ended December 31, 2015 2014 Investment in Debt Related Investments: Balance at January 1, $ 94,951 $ 123,935 Investments (1) 3,465 2,924 Principal repayments (82,417) (31,177) Amortization of deferred fees, costs, and discounts/premiums (277) (731) Balance at December 31, $ 15,722 $ 94,951 (1) Investments include approximately $2.0 million and $2.9 million of accrued interest that was capitalized into the principal balance of our mezzanine debt investment during the years ended December 31, 2015 and 2014, respectively.
Summary of Debt Related Investments	Description Region Interest Rate Fixed or Variable Interest Rate as of December 31, 2015 Maturity Date Face Amount of Debt (1) Amount of Debt Related Investments Mortgage note Northeast Fixed 6.2% 11/1/17 $ 3,691 $ 3,721 Mortgage note Southeast Fixed 7.0% 3/1/19 8,729 8,827 Mortgage note Mountain Fixed 5.2% 3/1/21 3,189 3,174 Total/weighted average 6.4% $ 15,609 $ 15,722 (1) Reflects the principal amount of the debt investment outstanding, which is net of principal repayments.

Debt Obligations (Tables)

Debt Obligations (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Obligations [Abstract]
Schedule of Borrowings	Weighted Average Stated Interest Rate as of December 31, Outstanding Balance as of December 31, (1) Gross Investment Amount Securing Borrowings as of December 31, (2) 2015 2014 2015 2014 2015 2014 Fixed-rate mortgages 5.6% 5.8% $ 579,196 $ 807,994 $ 1,016,560 $ 1,625,637 Floating-rate mortgages (3) 3.4% 3.2% 7,890 8,250 16,618 16,118 Total mortgage notes 5.5% 5.8% 587,086 816,244 1,033,178 1,641,755 Repurchase facilities (4) N/A 2.8% — 37,023 — 51,156 Total secured borrowings 5.5% 5.6% 587,086 853,267 1,033,178 1,692,911 Line of credit (5) 1.9% 2.6% 167,000 75,000 N/A N/A Term loans (6) 2.6% 2.7% 350,000 270,000 N/A N/A Total unsecured borrowings 2.4% 2.7% 517,000 345,000 N/A N/A Total borrowings 4.1% 4.8% $ 1,104,086 $ 1,198,267 N/A N/A (1) Amounts are net of (i) unamortized premiums to the face value of our outstanding fixed-rate mortgages of $1.3 million and $2.0 million as of December 31, 2015 and 2014, respectively, and (ii) GAAP principal amortization related to troubled debt restructurings of $3.1 million and $2.3 million as of December 31, 2015 and 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 investments, which includes (i) unpaid principal balances, (ii) unamortized discounts, premiums, and deferred charges, and (iii) allowances for loan loss. (3) As of December 31, 2015 and 2014, our floating-rate mortgage note was subject to an interest rate spread of 3.00% over one-month LIBOR. (4) As of 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 December 31, 2015 and 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 December 31, 2015, we had effectively fixed the interest rate of approximately $25.4 million of the total of $167.0 million in borrowings using interest rate swaps, resulting in a weighted average interest rate on the total line of credit of 1.88% . 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, resulting in a weighted average interest rate on the total line of credit of 2.56% . (6) As of December 31, 2015 and 2014, borrowings under our term loans were subject to interest at weighted average floating rates of 1.52% and 1.70% , respectively, over one-month LIBOR. However, we had effectively fixed the interest rates of the borrowings using interest rate swaps at 2.59% and 2.69% as of December 31, 2015 and 2014, respectively.
Schedule of Borrowings Reflects Contractual Debt Maturities	As of December 31, 2015 Mortgage Notes Unsecured Borrowings Total Year Ending December 31, Number of Borrowings Maturing Outstanding Principal Balance (1) Number of Borrowings Maturing Outstanding Principal Balance ( 2 ) Outstanding Principal Balance 2016 7 $ 286,679 — $ — $ 286,679 2017 6 206,660 — — 206,660 2018 — 1,762 1 150,000 151,762 2019 — 1,869 1 167,000 168,869 2020 — 1,982 — — 1,982 2021 1 10,825 — — 10,825 2022 1 1,663 1 200,000 201,663 2023 — 978 — — 978 2024 — 1,034 — — 1,034 2025 1 71,094 — — 71,094 Thereafter 2 4,303 — — 4,303 Total 18 $ 588,849 3 $ 517,000 $ 1,105,849 (1 ) Outstanding principal balance represents expected cash outflows for contractual amortization and scheduled balloon payment maturities and does not include principal amortization of our restructured mortgage note of approximately $3.1 million that does not reduce the contractual amount due of the related mortgage note as of December 31, 2015, partially offset by the mark-to-market adjustment on assumed debt of $1.3 million as of December 31, 201 5. (2) Unsecured borrowings presented include (i) borrowings under the $150 Million Term Loan of $150.0 million, which were scheduled to mature in 2018 , subject to two one -year extension options, (ii) borrowings under the Revolving Credit Facility of $167.0 million, which were scheduled to mature in 2019 , subject to a one -year extension option, and (iii) borrowings under the $200 Million Term Loan of $200.0 million which are scheduled to mature in 2022 with no extension options.

Derivatives And Hedging Activ32

Derivatives And Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2015
Derivatives And Hedging Activities [Abstract]
Reconciliation of Accumulated Other Comprehensive Loss	(Losses) and Gains on Cash Flow Hedges Unrealized (Losses) and 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: Amount of loss reclassified from OCI into interest expense (effective portion) (net of tax benefit of $0) 4,820 — 4,820 Change in fair value recognized in OCI (effective portion) (net of tax benefit of $0) (5,797) — (5,797) Net current-period other comprehensive income (977) — (977) Attribution of and other adjustments to OCI attributable to noncontrolling interests 79 4 83 Ending balance as of December 31, 2015 $ (9,967) $ (1,047) $ (11,014)
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 December 31, December 31, Balance Sheet December 31, December 31, Location 2015 2014 Location 2015 2014 Interest rate contracts Other assets, net (1) $ 197 $ 543 Other liabilities (1) $ (3,303) $ (907) Total derivatives $ 197 $ 543 $ (3,303) $ (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 sheets. If we did net our derivative fair values on the consolidated balance sheets, the derivative fair values would be lowered by approximately $157,000 and $24,000 as of December 31, 2015 and 2014, respectively, resulting in net fair values of our asset derivatives of approximately $41,000 and $519,000 as of December 31, 2015 and 2014, respectively, and net fair values of our liability derivatives of approximately $3.1 million and $883,000 as of December 31, 2015 and 2014, respectively.
Effect of Derivative Financial Instruments on Financial Statements	For the Year Ended December 31, 2015 2014 2013 Derivatives Designated as Hedging Instruments Derivative type Interest rate contracts Interest rate contracts Interest rate contracts Amount of (loss) gain recognized in OCI (effective portion) $ (5,797) $ (2,370) $ 352 Location of loss reclassified from accumulated OCI into income (effective portion) Interest expense Interest expense Interest expense Amount of loss reclassified from accumulated OCI into income (effective portion) $ 4,820 $ 3,091 $ 2,726 Location of gain (loss) recognized in income (ineffective portion and amount excluded from effectiveness testing) Interest and other income (expense) Interest and other income (expense) Loss on financing commitments Amount of gain (loss) recognized in income (ineffective portion and amount excluded from effectiveness testing) $ 3 $ (1) $ (1,897)

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis	Level 1 Level 2 Level 3 Total As of December 31, 2015: Assets Real estate securities $ — $ — $ 200 $ 200 Derivative instruments — 197 — 197 Total assets $ — $ 197 $ 200 $ 397 Liabilities Derivative instruments $ — $ (3,303) $ — $ (3,303) Total liabilities $ — $ (3,303) $ — $ (3,303) As of December 31, 2014: Assets Real estate securities $ — $ — $ 200 $ 200 Derivative instruments — 543 — 543 Total assets $ — $ 543 $ 200 $ 743 Liabilities Derivative instruments $ — $ (907) $ — $ (907) Total liabilities $ — $ (907) $ — $ (907)
Reconciliation of Fair Value Measurements Based on Significant Unobservable Inputs	Real Estate Securities Derivative Instruments Beginning balance as of December 31, 2014 $ 200 $ (364) Total net gains (losses) included in: Net income (other income and expense) — 3 Other comprehensive income — (5,798) Total change in fair value — (5,795) Settlements — 3,053 Transfers in and/or out of Level 3 — — Ending balance as of December 31, 2015 $ 200 $ (3,106)

Fair Value of Financial Instr34

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value of Financial Instruments [Abstract]
Schedule of Carrying Amount and Fair Values of Other Financial Instruments	As of December 31, 2015 As of December 31, 2014 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Assets: Fixed-rate debt related investments, net $ 15,722 $ 16,526 $ 69,889 $ 71,770 Floating-rate debt related investments, net — — 25,062 25,157 Liabilities: Fixed-rate mortgage notes carried at amortized cost $ 579,196 $ 576,432 $ 807,994 $ 848,045 Floating-rate mortgage notes 7,890 7,883 8,250 8,249 Floating-rate other secured borrowings — — 37,023 37,023 Floating-rate unsecured borrowings 517,000 517,000 345,000 347,235

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	12 Months Ended
	Dec. 31, 2015
Noncontrolling Interests [Abstract]
Schedule of Noncontrolling Interest Balances	OP Units Joint Venture Partner Interests Noncontrolling Interests Beginning balance as of December 31, 2014: $ 77,080 $ 2,583 $ 79,663 Comprehensive Income and Loss Net income (loss) 8,631 (1,227) 7,404 Unrealized change from cash flow hedging derivatives (55) - (55) Contributions, Distributions and Redemptions Contributions from noncontrolling interest holders 16,217 1,120 17,337 Distributions to noncontrolling interest holders (4,625) (64) (4,689) Redemption and buyout of noncontrolling interests, net (2,514) - (2,514) Ending balance as of December 31, 2015 $ 94,734 $ 2,412 $ 97,146

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2015
Stockholders' Equity [Abstract]
Information of Share Transactions	Class E Class A Class W Class I Total Shares Amount (1) Shares Amount (1) Shares Amount (1) Shares Amount (1) Shares Amount (1) Balances, December 31, 2012 178,092 $ 1,775,196 12 $ 83 12 $ 83 12 $ 83 178,128 $ 1,775,445 Issuance of common stock: Shares sold — — 205 1,451 197 1,354 4,301 29,333 4,703 32,138 Distribution reinvestment plan 3,143 21,352 — — — — 18 121 3,161 21,473 Redemptions of common stock (9,981) (68,402) — — — — (4) (30) (9,985) (68,432) Balances, December 31, 2013 171,254 $ 1,728,146 217 $ 1,534 209 $ 1,437 4,327 $ 29,507 176,007 $ 1,760,624 Issuance of common stock: Shares sold — — 955 6,879 900 6,310 9,090 63,705 10,945 76,894 Distribution reinvestment plan 2,830 19,785 15 105 10 74 123 867 2,978 20,831 Stock-based compensation — — — — — — 136 807 136 807 Redemptions of common stock (11,016) (77,523) — — (2) (13) (648) (4,566) (11,666) (82,102) Balances, December 31, 2014 163,068 $ 1,670,408 1,187 $ 8,518 1,117 $ 7,808 13,028 $ 90,320 178,400 $ 1,777,054 Issuance of common stock: Shares sold — — 511 3,888 693 5,134 10,135 73,982 11,339 83,004 Distribution reinvestment plan 2,447 17,866 28 203 22 158 426 3,119 2,923 21,346 Stock-based compensation — — — — — — 618 1,295 618 1,295 Redemptions of common stock (28,240) (206,134) (23) (171) (20) (148) (873) (6,433) (29,156) (212,886) Balances, December 31, 2015 137,275 $ 1,482,140 1,703 $ 12,438 1,812 $ 12,952 23,334 $ 162,283 164,124 $ 1,669,813 (1) Dollar amounts presented in this table represent the gross amount of proceeds from the sale of common shares, or the amount paid to stockholders to redeem or repurchase common shares, and do not include other costs and expenses accounted for within additional paid-in capital, such as selling commissions, dealer manager and distribution fees, offering and organizational costs, and other costs associated with our distribution reinvestment plans, share redemption programs, and self-tender offers.
Total Distributions Declared and Portion of Each Contribution Paid in Cash and Reinvested	For the Year Ended December 31, Distributions: 2015 % of Total Distributions 2014 % of Total Distributions 2013 % of Total Distributions Paid in cash $ 41,968 66.5% $ 41,381 66.5% $ 41,123 66.0% Reinvested in shares 21,177 33.5% 20,855 33.5% 21,207 34.0% Total distributions $ 63,145 100.0% $ 62,236 100.0% $ 62,330 100.0%
Distributions Paid and/or Authorized	Amount Declared per Share/Unit (1) Quarter Class E Class A Class W Class I Weighted Average Payment Date 2014 1st Quarter 2014 $ 0.0875 $ 0.0687 $ 0.0772 $ 0.0858 $ 0.0874 4/16/14 2nd Quarter 2014 $ 0.0875 $ 0.0684 $ 0.0771 $ 0.0858 $ 0.0873 7/16/14 3rd Quarter 2014 $ 0.0875 $ 0.0680 $ 0.0769 $ 0.0857 $ 0.0872 10/16/14 4th Quarter 2014 $ 0.0875 $ 0.0677 $ 0.0767 $ 0.0857 $ 0.0872 1/16/15 2015 1st Quarter 2015 $ 0.0900 $ 0.0705 $ 0.0794 $ 0.0882 $ 0.0897 4/16/15 2nd Quarter 2015 $ 0.0900 $ 0.0700 $ 0.0791 $ 0.0882 $ 0.0896 7/2/15 3rd Quarter 2015 $ 0.0900 $ 0.0695 $ 0.0788 $ 0.0881 $ 0.0895 10/16/15 4th Quarter 2015 $ 0.0900 $ 0.0694 $ 0.0788 $ 0.0881 $ 0.0894 1/19/16 2016 1st Quarter 2016 (2) $ 0.0900 $ 0.0900 $ 0.0900 $ 0.0900 $ 0.0900 4/18/16 (3) (1) Assumes ownership of share or unit for the entire quarter. (2) The distribution amount herein for the first quarter of 2016 does not reflect class-specific adjustments made to our Class A, Class W, and Class I shares, which have not yet been determined. (3) Expected payment date.
Schedule of Information Regarding Taxability of Distributions on Common Shares	For the Year Ended December 31, 2015 2014 2013 Per Common Share % of Total Distributions % of Total Distributions % of Total Distributions Ordinary income 81.01% 63.92% 40.98% Non-taxable return of capital 18.99% 36.08% 59.02% Total 100.00% 100.00% 100.00%

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Schedule Of RSU Grants	Award Grant Date Vesting Dates Number of Unvested Shares Grant Date NAV per Class I Share Company RSU 4/7/14 4/15/14, 4/15/15, 4/15/16, 4/15/17 247 $ 6.96 Company RSU 2/25/15 4/15/15, 4/15/16, 4/15/17 59 7.18 Company RSU 2/25/15 4/15/18 135 7.18 Total/ weighted average 441 $ 7.06
Schedule of Fees and Other Amounts Earned by Advisor	For the Year Ended December 31, 2015 2014 2013 Advisory fees (1) $ 17,083 $ 15,919 $ 15,120 Other reimbursements paid to our Advisor (2) 9,008 8,287 6,278 Other reimbursements paid to our Dealer Manager 441 591 — Advisory fees related to the disposition of real properties 4,962 2,064 2,639 Development management fee 88 181 223 Primary dealer fee (3) 2,540 2,197 1,358 Selling commissions, dealer manager, and distribution fees 422 336 57 Total $ 34,544 $ 29,575 $ 25,675 (1) Amounts reported for the years ended December 31, 2015 and 2014 include approximately $1.1 million and approximately $653,000 , respectively, that we were not obligated to pay in consideration of the issuance of Company RSUs to our Advisor. (2) Other reimbursements paid to our Advisor primarily comprise salary, bonus, and overhead reimbursements. (3) Amounts reported represent primary dealer fees we paid to our Dealer Manager based on the gross proceeds raised by participating broker-dealers pursuant to certain selected dealer agreements. Of the primary dealer fee earned during the years ended December 31, 2015, 2014, and 2013, our Dealer Manager reallowed approximately $2.3 million, $2.0 million, and $1.2 million, respectively, to participating third-party broker-dealers and retained approximately $254,000 , $220,000 , and $136,000 , respectively.

Net Income (Loss) Per Common 38

Net Income (Loss) Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2015
Net Income (Loss) Per Common Share [Abstract]
Details of Numerator and Denominator Used to Calculate Diluted Net Income (Loss) Per Common Share	For the Year Ended December 31, Numerator 2015 2014 2013 Income (loss) from continuing operations $ 131,659 $ 3,990 $ (9,084) (Income) loss from continuing operations attributable to noncontrolling interests (7,404) (340) 558 Income (loss) from continuing operations attributable to common stockholders 124,255 3,650 (8,526) Dilutive noncontrolling interests share of income (loss) from continuing operations 8,632 233 (652) Numerator for diluted earnings per share – adjusted income (loss) from continuing operations 132,887 3,883 (9,178) Income from discontinued operations — 30,004 65,554 Income from discontinued operations attributable to noncontrolling interests — (4,462) (4,560) Income from discontinued operations attributable to common stockholders — 25,542 60,994 Dilutive noncontrolling interests share of discontinued operations — 1,915 4,662 Numerator for diluted earnings per share – adjusted income from discontinued operations $ — $ 27,457 $ 65,656 Denominator Weighted average shares outstanding-basic 175,938 178,273 178,196 Incremental weighted average shares effect of conversion of OP Units 12,851 12,718 13,736 Weighted average shares outstanding-diluted 188,789 190,991 191,932 INCOME (LOSS) PER COMMON SHARE-BASIC AND DILUTED Net income (loss) from continuing operations $ 0.70 $ 0.02 $ (0.05) Net income from discontinued operations — 0.14 0.34 Net income $ 0.70 $ 0.16 $ 0.29

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2015
Segment Information [Abstract]
Revenue and Components of Net Operating Income	For the Year Ended December 31, Revenues NOI (unaudited) 2015 2014 2013 2015 2014 2013 Real property (1) Office $ 137,204 $ 139,245 $ 123,838 $ 97,441 $ 104,533 $ 95,618 Industrial 8,672 23,307 26,108 6,755 20,780 23,893 Retail 72,402 61,649 57,382 54,492 47,891 44,145 Debt related investments 6,922 7,396 10,449 6,922 7,396 10,449 Total $ 225,200 $ 231,597 $ 217,777 $ 165,610 $ 180,600 $ 174,105 (1) Excludes results of operations of real properties categorized as discontinued operations.
Reconciliation of Net Operating Income to Reported Net Income	For the Year Ended December 31, 2015 2014 2013 Net operating income $ 165,610 $ 180,600 $ 174,105 Real estate depreciation and amortization expense (83,114) (88,994) (87,174) General and administrative expenses (10,720) (11,108) (9,774) Advisory fees, related party (17,083) (15,919) (15,120) Acquisition-related expenses (2,644) (1,205) (536) Impairment of real estate property (8,124) (9,500) (2,600) Interest and other income (expense) 2,192 1,168 (153) Interest expense (47,508) (61,903) (65,325) Loss on extinguishment of debt and financing commitments (1,168) (63) (2,507) Gain on sale of real property 134,218 10,914 — Discontinued operations — 30,004 65,554 Net income attributable to noncontrolling interests (7,404) (4,802) (4,002) Net income attributable to common stockholders $ 124,255 $ 29,192 $ 52,468
Summary of Total Assets by Business Segment	As of December 31, 2015 2014 Segment assets: Net investments in real property Office (1) $ 1,027,132 $ 1,069,584 Industrial 61,231 207,655 Retail 785,854 652,187 Debt related investments, net 15,722 94,951 Total segment assets, net 1,889,939 2,024,377 Non-segment assets: Cash and cash equivalents 15,769 14,461 Other non-segment assets (2) 61,500 87,368 Assets held for sale (3) — 21,927 Total assets $ 1,967,208 $ 2,148,133 (1) Excludes 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) 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 December 31, 2014 .

Quarterly Financial Data (Table

Quarterly Financial Data (Tables)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Data [Abstract]
Quarterly Financial Data	For the For the Quarter Ended Year Ended March 31, June 30, September 30, December 31, December 31, 2015 2015 2015 2015 2015 Rental revenue $ 59,379 $ 51,075 $ 52,854 $ 54,970 $ 218,278 Debt related income 3,203 1,584 807 1,328 6,922 Total revenue 62,582 52,659 53,661 56,298 225,200 Total operating expenses (44,803) (41,168) (49,406) (45,898) (181,275) Other income (expenses) 114,422 (11,384) (5,680) (9,624) 87,734 Income (loss) from continuing operations 132,201 107 (1,425) 776 131,659 Discontinued operations — — — — — Net income (loss) 132,201 107 (1,425) 776 131,659 Net (income) loss attributable to noncontrolling interests (8,618) (37) 1,297 (46) (7,404) NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 123,583 $ 70 $ (128) $ 730 $ 124,255 Net income (loss) per basic and diluted common share Continuing operations $ 0.69 $ 0.00 $ (0.00) $ 0.01 $ 0.70 Discontinued operations $ — $ — $ — $ — $ — NET INCOME (LOSS) PER BASIC AND DILUTED COMMON SHARE $ 0.69 $ 0.00 $ (0.00) $ 0.01 $ 0.70 For the For the Quarter Ended Year Ended March 31, June 30, September 30, December 31, December 31, 2014 2014 2014 2014 2014 Rental revenue $ 55,060 $ 55,080 $ 56,793 $ 57,268 $ 224,201 Debt related income 2,013 1,760 1,798 1,825 7,396 Total revenue 57,073 56,840 58,591 59,093 231,597 Total operating expenses (42,259) (41,239) (51,258) (42,971) (177,723) Other expenses (12,683) (11,927) (14,852) (10,422) (49,884) Income (loss) from continuing operations 2,131 3,674 (7,519) 5,700 3,990 Discontinued operations 29,857 142 5 — 30,004 Net income (loss) 31,988 3,816 (7,514) 5,700 33,994 Net (income) loss attributable to noncontrolling interests (4,550) (330) 475 (397) (4,802) NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 27,438 $ 3,486 $ (7,039) $ 5,303 $ 29,192 Net income (loss) per basic and diluted common share Continuing operations $ 0.01 $ 0.02 $ (0.04) $ 0.03 $ 0.02 Discontinued operations $ 0.14 $ 0.00 $ 0.00 $ — $ 0.14 NET INCOME (LOSS) PER BASIC AND DILUTED COMMON SHARE $ 0.15 $ 0.02 $ (0.04) $ 0.03 $ 0.16

Organization (Details)

Organization (Details) - USD ($) shares in Millions	12 Months Ended			38 Months Ended	42 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Sep. 15, 2015	Dec. 31, 2015	Sep. 16, 2015	Jul. 12, 2012
Organization [Line Items]
Percentage of proceeds received from public offerings of common stock contributed to our Operating Partnership	100.00%				100.00%
Proceeds from issuance, DRIP	$ 21,347,000	$ 20,831,000	$ 21,473,000
NAV Offering [Member]
Organization [Line Items]
Maximum NAV share value total	986,300,000				$ 986,300,000		$ 3,000,000,000
Maximum NAV share value primary offering							2,250,000,000
Maximum share value, DRIP	248,800,000				248,800,000		$ 750,000,000
Gross proceeds from sale of shares in the Offering				$ 183,000,000	$ 196,700,000
Shares issued				25.8	27.6
Proceeds from issuance, DRIP				$ 3,400,000	$ 4,600,000
Follow-On Offering [Member]
Organization [Line Items]
Maximum NAV share value total						$ 1,000,000,000
Maximum NAV share value primary offering						750,000,000
Maximum share value, DRIP						$ 250,000,000
Gross proceeds from sale of shares in the Offering	$ 13,700,000
Shares issued	1.8

Summary Of Significant Accoun42

Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($)	Jun. 25, 2015	Feb. 25, 2015	Jun. 25, 2014	Mar. 04, 2014	Jan. 02, 2014	Dec. 31, 2015	Dec. 31, 2014
Significant Accounting Policies [Line Items]
Other receivables						$ 34,100,000	$ 48,300,000
Allowances on receivables						628,000	261,000
Accumulated other comprehensive income (loss) related to derivatives						9,100,000
Accumulated other comprehensive income (loss) related to real estate securities						$ 200,000
Component Of Advisory Fee As Percent Of Operating Partnership Net Asset Value						1.15%
Class A and Class W Dealer Manager fee						0.60%
Class I Dealer Manager fee						0.10%
Class A distribution fee						0.50%
Annual dealer fee from completion of an offering as percentage of gross proceeds						10.00%
Restricted Stock [Member] | Class I [Member]
Significant Accounting Policies [Line Items]
Restricted stock units granted		49,263		44,793
Value of awards granted						$ 188,000	$ 125,000
Restricted Stock [Member] | Class I [Member] | Minimum [Member]
Significant Accounting Policies [Line Items]
Restricted stock vesting period						3 years
Restricted Stock [Member] | Class I [Member] | Maximum [Member]
Significant Accounting Policies [Line Items]
Restricted stock vesting period						4 years
Restricted Stock Units (RSUs) [Member] | Director [Member]
Significant Accounting Policies [Line Items]
Restricted stock vesting period						1 year
Restricted Stock Units (RSUs) [Member] | Class I [Member] | Director [Member]
Significant Accounting Policies [Line Items]
Restricted stock units granted	4,116		4,460		2,112
Noncontrolling Interests
Significant Accounting Policies [Line Items]
Accumulated other comprehensive income (loss) related to derivatives						$ 877,000
Accumulated other comprehensive income (loss) related to real estate securities						$ 1,200,000

Summary of Significant Accoun43

Summary of Significant Accounting Policies (Amortization Expense for Intangible Lease Assets and Adjustments to Rental Revenue for Above-Market Lease Assets and Below-Market Lease Liabilities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Above-Market Lease Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Net rental revenue adjustment	$ (5,216)	$ (6,708)	$ (7,293)
Below-Market Lease Liabilites [Member]
Finite-Lived Intangible Assets [Line Items]
Net rental revenue adjustment	6,029	7,324	7,537
Leases, Acquired-in-Place, Market Adjustment [Member]
Finite-Lived Intangible Assets [Line Items]
Net rental revenue adjustment	813	616	244
Leases, Acquired-in-Place [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible lease asset amortization	$ (44,260)	$ (48,937)	$ (62,325)

Summary Of Significant Accoun44

Summary Of Significant Accounting Policies (Depreciation and Amortization Computed on Straight-Line Basis over Estimated Useful Lives) (Details)	12 Months Ended
	Dec. 31, 2015
Land [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	Not depreciated
Building [Member]
Property, Plant and Equipment [Line Items]
Depreciable Life	40 years
Building and Land Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Depreciable Life	5 years
Building and Land Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Depreciable Life	40 years
Tenant Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	Lesser of useful life or lease term
Lease Commissions [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	Over lease term
Intangible In-Place Lease Assets [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	Over lease term
Above-Market Lease Assets [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	Over lease term
Below-Market Lease Liabilites [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	Over lease term, including below-market fixed-rate renewal options

Summary Of Significant Accoun45

Summary Of Significant Accounting Policies (Expected Amortization During Next Five Years and Thereafter Related to Acquired Above-Market Lease Assets, Below-Market Lease Liabilities and Acquired In-Place Lease Intangibles) (Details) $ in Thousands	Dec. 31, 2015USD ($)
Above-Market Lease Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
2,016	$ (5,098)
2,017	(2,505)
2,018	(729)
2,019	(643)
2,020	(248)
Thereafter	(698)
Total	(9,921)
Below-Market Lease Liabilites [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
2,016	5,749
2,017	5,079
2,018	4,474
2,019	3,748
2,020	3,042
Thereafter	41,782
Total	63,874
Leases, Acquired-in-Place, Market Adjustment [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
2,016	651
2,017	2,574
2,018	3,745
2,019	3,105
2,020	2,794
Thereafter	41,084
Total	53,953
Leases, Acquired-in-Place [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
2,016	45,472
2,017	27,756
2,018	16,721
2,019	11,568
2,020	6,649
Thereafter	20,527
Total	$ 128,693

Summary Of Significant Accoun46

Summary Of Significant Accounting Policies (Straight-Line Rental Adjustments and Tenant Recovery Income) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Straight-line rent adjustments		$ (976)	$ 3,037	$ 8,864
Tenant recovery income	[1]	37,526	31,092	33,029
Paid By Tenant [Member]
Real estate taxes		$ 7,000	$ 12,400	$ 12,600
[1]	Tenant recovery income excludes real estate taxes that were paid directly by our tenants that are subject to triple net lease contracts. Such payments totaled approximately $7.0 million, $12.4 million and $12.6 million during the years ended December 31, 2015, 2014, and 2013, respectively.

Investments in Real Property (N

Investments in Real Property (Narrative) (Details)		Aug. 05, 2015USD ($)	Mar. 11, 2015USD ($)ft²property	Dec. 31, 2015USD ($)ft²	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)ft²property	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2013USD ($)property	Dec. 31, 2015USD ($)ft²		Dec. 31, 2014USD ($)ft²property	Dec. 31, 2013USD ($)property	Dec. 31, 2012ft²
Real Estate Properties [Line Items]
Number of properties sold | property			12
Number of properties classified as held for sale | property								1				12			1	12
Rentable square feet | ft²			2,700,000	2,660,000									2,660,000
Gross sales price			$ 398,600,000										$ 496,236,000		$ 230,459,000	$ 389,266,000
Closing costs and fees			7,800,000
Interest bearing on mortgage note								5.80%							5.80%
Assumed mortgage													11,869,000			57,897,000
Aggregate revenues				$ 56,298,000	$ 53,661,000	$ 52,659,000	$ 62,582,000	$ 59,093,000	$ 58,591,000	$ 56,840,000	$ 57,073,000		225,200,000		$ 231,597,000	217,777,000
Disposed portfolio, NOI													6,100,000		33,100,000	33,400,000
Number of additional properties serving as collateral													2
Impairment charges	[1]												8,124,000		9,500,000	2,600,000
Rental revenue				$ 54,970,000	$ 52,854,000	$ 51,075,000	$ 59,379,000	$ 57,268,000	$ 56,793,000	$ 55,080,000	$ 55,060,000		$ 218,278,000		224,201,000	207,328,000
Concentration percentage													42.50%
Annualized Rental Revenue Major Customer	[2]												$ 77,519,000
Capital expenditures													$ 26,204,000		$ 14,944,000	$ 25,436,000
Massachusetts
Real Estate Properties [Line Items]
Concentration percentage													18.00%
New Jersey
Real Estate Properties [Line Items]
Concentration percentage													18.00%
California
Real Estate Properties [Line Items]
Concentration percentage													13.00%
Texas
Real Estate Properties [Line Items]
Concentration percentage													11.00%
Disposed Properties [Member]
Real Estate Properties [Line Items]
Number of properties sold | property															12	13
Aggregate revenues													$ 6,200,000		$ 33,700,000	$ 34,200,000
Advisory Fees [Member]
Real Estate Properties [Line Items]
Closing costs and fees			$ 4,000,000
Industrial Property
Real Estate Properties [Line Items]
Rentable square feet | ft²				1,600,000									1,600,000
Industrial Property | Wholly Owned Properties [Member]
Real Estate Properties [Line Items]
Impairment charges																2,600,000
Office [Member]
Real Estate Properties [Line Items]
Rentable square feet | ft²				1,100,000									1,100,000				1,500,000
Office [Member] | Consolidated Properties [Member]
Real Estate Properties [Line Items]
Impairment charges													$ 6,500,000
Charles Schwab and Company, Inc.
Real Estate Properties [Line Items]
Rentable square feet | ft²				602,000									602,000
Concentration percentage													12.80%
Annualized Rental Revenue Major Customer	[2]												$ 23,408,000
Charles Schwab and Company, Inc. | Continuing Operations [Member]
Real Estate Properties [Line Items]
Concentration percentage													11.50%
Annualized Rental Revenue Major Customer													$ 25,900,000
Office and Industrial Portfolio; Various Markets [Member]
Real Estate Properties [Line Items]
Gross sales price													398,635,000
Retail Property, Boston, MA Market [Member]
Real Estate Properties [Line Items]
Gross sales price													1,625,000		6,750,000
Office Property, Little Rock, AR Market [Member]
Real Estate Properties [Line Items]
Gross sales price															19,550,000
Land Parcel Property, Denver, CO Market [Member]
Real Estate Properties [Line Items]
Gross sales price													7,577,000	[3]	780,000
Office Property, East Bay, CA Market [Member]
Real Estate Properties [Line Items]
Gross sales price															5,700,000
Office Property; Dallas, TX Market [Member]
Real Estate Properties [Line Items]
Gross sales price													$ 46,600,000			122,231,000
Office (2) Property; Dallas, TX Market [Member]
Real Estate Properties [Line Items]
Gross sales price																8,500,000
Office Property; Denver, CO Market [Member]
Real Estate Properties [Line Items]
Gross sales price															$ 9,100,000	58,100,000
Office Property (2); Denver, CO [Member]
Real Estate Properties [Line Items]
Gross sales price																71,000,000
Office Property; Chicago, IL Market [Member]
Real Estate Properties [Line Items]
Gross sales price																$ 18,000,000
Ownership interest in property				80.00%									80.00%
Impairment charges													$ 6,500,000
Office Property, Silicon Valley Market
Real Estate Properties [Line Items]
Gross sales price													16,750,000
Retail Property; Pittsburgh, PA Market [Member]
Real Estate Properties [Line Items]
Gross sales price													12,500,000
Retail Property; Pittsburgh, PA Market [Member] | Wholly Owned Properties [Member]
Real Estate Properties [Line Items]
Impairment charges													1,600,000
Harborside, Northern New Jersey [Member]
Real Estate Properties [Line Items]
Option termination fee		$ 12,000,000
Purchase option, estimated exercise price				$ 239,400,000									239,400,000
Colshire, Washington, DC [Member]
Real Estate Properties [Line Items]
Purchase option, estimated exercise price				$ 158,400,000									$ 158,400,000
Industrial Property Silicon Valley CA [Member]
Real Estate Properties [Line Items]
Impairment charges												$ 2,600,000
Office Property; Dallas, TX Market [Member]
Real Estate Properties [Line Items]
Rentable square feet | ft²								177,000							177,000
[1]	Includes approximately $125,000 paid to our Advisor for advisory fees associated with the disposition of real properties during the year ended December 31, 2015.
[2]	Annualized base rent represents the annualized monthly base rent of executed leases as of December 31, 2015.
[3]	On October 15, 2014, we disposed of a wholly owned industrial property comprising approximately 177,000 net rentable square feet in three buildings located in the Silicon Valley, CA market ("Lundy"). At the time of the disposition, the property had a net investment amount of approximately $13.1 million (after a $2.6 million impairment charge which we recorded during the fourth quarter of 2013). The property was transferred to the lender through a foreclosure sale which extinguished amounts due, including related principal of $13.6 million.

Investments In Real Property (C

Investments In Real Property (Consolidated Investments in Real Property) (Details) $ in Thousands	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)property		Dec. 31, 2013property
Real Estate Properties [Line Items]
Investment in real property, Gross book value	$ 2,380,174	$ 2,472,926
Intangible lease liabilities, Gross book value	(93,549)	(124,838)
Real estate investments, Gross book value	2,286,625	2,348,088
Accumulated depreciation and amortization	(505,957)	(523,246)
Intangible lease liabilities, accumulated amortization	29,675	38,595
Accumulated depreciation/amortization	(476,282)	(484,651)
Investment in real property	1,874,217	1,949,680
Intangible lease liabilities, Net book value	(63,874)	(86,243)
Real estate investments, Net book value	1,810,343	1,863,437
Land		4,075
Building and improvements		19,337
Intangible lease assets		7,005
Accumulated depreciation		$ (10,163)
Number of properties classified as held for sale | property		1		12
Land [Member]
Real Estate Properties [Line Items]
Land	474,222	$ 501,612
Building and Building Improvements
Real Estate Properties [Line Items]
Building and Improvements	1,469,662	1,477,016
Accumulated depreciation and amortization	(208,281)	(204,165)
Real estate investments, Net book value	1,261,381	1,272,851
Building and improvements		19,300
Intangible In-Place Lease Assets [Member]
Real Estate Properties [Line Items]
Intangible Lease Assets	436,290	494,298
Accumulated depreciation and amortization	(297,676)	(319,081)
Intangible lease liabilities, Net book value	138,614	175,217
Office [Member]
Real Estate Properties [Line Items]
Investment in real property, Gross book value	1,348,173	1,416,221	[1]
Intangible lease liabilities, Net book value	(18,923)	(21,535)	[1]
Real estate investments, Net book value	1,329,250	1,394,686	[1]
Office [Member] | Land [Member]
Real Estate Properties [Line Items]
Land	203,889	238,505	[1]
Office [Member] | Building and Building Improvements
Real Estate Properties [Line Items]
Building and Improvements	833,655	818,659	[1]
Office [Member] | Intangible In-Place Lease Assets [Member]
Real Estate Properties [Line Items]
Intangible Lease Assets	310,629	359,057	[1]
Industrial Property
Real Estate Properties [Line Items]
Investment in real property, Gross book value	91,315	267,801
Intangible lease liabilities, Net book value	(344)	(41,011)
Real estate investments, Net book value	90,971	226,790
Industrial Property | Land [Member]
Real Estate Properties [Line Items]
Land	9,572	25,502
Industrial Property | Building and Building Improvements
Real Estate Properties [Line Items]
Building and Improvements	65,307	193,878
Industrial Property | Intangible In-Place Lease Assets [Member]
Real Estate Properties [Line Items]
Intangible Lease Assets	16,436	48,421
Retail [Member]
Real Estate Properties [Line Items]
Investment in real property, Gross book value	940,686	788,904
Intangible lease liabilities, Net book value	(74,282)	(62,292)
Real estate investments, Net book value	866,404	726,612
Retail [Member] | Land [Member]
Real Estate Properties [Line Items]
Land	260,761	237,605
Retail [Member] | Building and Building Improvements
Real Estate Properties [Line Items]
Building and Improvements	570,700	464,479
Retail [Member] | Intangible In-Place Lease Assets [Member]
Real Estate Properties [Line Items]
Intangible Lease Assets	$ 109,225	$ 86,820
[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.

Investments in Real Property (S

Investments in Real Property (Schedule Of Acquisitions Of Real Property) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)ft²property	Dec. 31, 2014ft²	Dec. 31, 2013ft²
Significant Acquisitions and Disposals [Line Items]
Contract Price | $	$ 341,251
Net Rentable Square Feet	3,124,000	3,974,000	4,111,000
Percent Leased at Acquisition	95.00%	93.00%	86.00%
Bank Of America Tower, Office Property; South Florida [Member]
Significant Acquisitions and Disposals [Line Items]
Number of Properties | property	1
Date of Acquisition	Dec. 11, 2015
Acquired Ownership	100.00%
Contract Price | $	$ 35,750
Net Rentable Square Feet	110
Percent Leased at Acquisition	87.00%
Yale Village, Retail Property; Tulsa, OK [Member]
Significant Acquisitions and Disposals [Line Items]
Number of Properties | property	1
Date of Acquisition	Dec. 9, 2015
Acquired Ownership	100.00%
Contract Price | $	$ 31,800
Net Rentable Square Feet	101
Percent Leased at Acquisition	100.00%
Chester Springs, Retail Property; Northern New Jersey [Member]
Significant Acquisitions and Disposals [Line Items]
Number of Properties | property	1
Date of Acquisition	Oct. 8, 2015
Acquired Ownership	100.00%
Contract Price | $	$ 53,781
Net Rentable Square Feet	223
Percent Leased at Acquisition	95.00%
Ventura Corporate Center, Office Property; South Florida [Member]
Significant Acquisitions and Disposals [Line Items]
Number of Properties | property	1
Date of Acquisition	Aug. 6, 2015
Acquired Ownership	100.00%
Contract Price | $	$ 45,750
Net Rentable Square Feet	253
Percent Leased at Acquisition	97.00%
Shenandoah, Retail Property; South Florida [Member]
Significant Acquisitions and Disposals [Line Items]
Number of Properties | property	1
Date of Acquisition	Aug. 6, 2015
Acquired Ownership	100.00%
Contract Price | $	$ 32,670
Net Rentable Square Feet	124
Percent Leased at Acquisition	100.00%
CityView, Office Property; Austin, TX [Member]
Significant Acquisitions and Disposals [Line Items]
Number of Properties | property	1
Date of Acquisition	Apr. 24, 2015
Acquired Ownership	100.00%
Contract Price | $	$ 68,750
Net Rentable Square Feet	274
Percent Leased at Acquisition	99.00%
South Cape, Retail Property; Greater Boston Market [Member]
Significant Acquisitions and Disposals [Line Items]
Number of Properties | property	1
Date of Acquisition	Mar. 18, 2015
Acquired Ownership	100.00%
Contract Price | $	$ 35,450
Net Rentable Square Feet	143
Percent Leased at Acquisition	92.00%
Rialto, Office Property; Austin, TX Market
Significant Acquisitions and Disposals [Line Items]
Number of Properties | property	1
Date of Acquisition	Jan. 15, 2015
Acquired Ownership	100.00%
Contract Price | $	$ 37,300
Net Rentable Square Feet	155
Percent Leased at Acquisition	94.00%
Office Property; Denver, CO Market [Member]
Significant Acquisitions and Disposals [Line Items]
Net Rentable Square Feet		138,000	133,000
Percent Leased at Acquisition		100.00%	98.00%
Office Property; Dallas, TX Market [Member]
Significant Acquisitions and Disposals [Line Items]
Net Rentable Square Feet	177,000		1,509,000
Percent Leased at Acquisition	88.00%		66.00%
Office (2) Property; Dallas, TX Market [Member]
Significant Acquisitions and Disposals [Line Items]
Net Rentable Square Feet			62,000
Percent Leased at Acquisition			100.00%
Office Property (2); Denver, CO [Member]
Significant Acquisitions and Disposals [Line Items]
Net Rentable Square Feet			257,000
Percent Leased at Acquisition			100.00%
Office Property; Chicago, IL Market [Member]
Significant Acquisitions and Disposals [Line Items]
Net Rentable Square Feet			100,000
Percent Leased at Acquisition			100.00%
Office Property, Silicon Valley Market
Significant Acquisitions and Disposals [Line Items]
Net Rentable Square Feet	53,000
Percent Leased at Acquisition	100.00%
Office Property; Greater Boston Market [Member]
Significant Acquisitions and Disposals [Line Items]
Net Rentable Square Feet			132,000
Percent Leased at Acquisition			100.00%
2015 Acquisitions [Member]
Significant Acquisitions and Disposals [Line Items]
Number of Properties | property	8
Contract Price | $	$ 341,251
Net Rentable Square Feet	1,383
Percent Leased at Acquisition	96.00%

Investments in Real Property 50

Investments in Real Property (Summary of Fair Value of Acquired Real Properties) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Real Estate Properties [Line Items]
Land	$ 58,082
Building and Improvements	243,471
Intangible Lease Assets	56,097
Intangible Lease Liabilities	(16,554)
Market-to-Market Adjustment on Assumed Debt	(934)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total	340,162
Prorations and Credits	1,089
Contract Price	341,251
Bank Of America Tower, Office Property; South Florida [Member]
Real Estate Properties [Line Items]
Land	5,030
Building and Improvements	25,202
Intangible Lease Assets	5,715
Intangible Lease Liabilities	(337)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total	35,610
Prorations and Credits	140
Contract Price	$ 35,750
Weighted-average Amortization Period, assets	6 years 7 months 6 days
Weighted-average Amortization Period, liabilities	6 years 1 month 6 days
Yale Village, Retail Property; Tulsa, OK [Member]
Real Estate Properties [Line Items]
Land	$ 3,492
Building and Improvements	23,750
Intangible Lease Assets	6,905
Intangible Lease Liabilities	(2,347)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total	31,800
Contract Price	$ 31,800
Weighted-average Amortization Period, assets	14 years 9 months 18 days
Weighted-average Amortization Period, liabilities	24 years 3 months 18 days
Chester Springs, Retail Property; Northern New Jersey [Member]
Real Estate Properties [Line Items]
Land	$ 7,376
Building and Improvements	43,892
Intangible Lease Assets	7,263
Intangible Lease Liabilities	(4,750)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total	53,781
Contract Price	$ 53,781
Weighted-average Amortization Period, assets	4 years 9 months 18 days
Weighted-average Amortization Period, liabilities	19 years
Ventura Corporate Center, Office Property; South Florida [Member]
Real Estate Properties [Line Items]
Land	$ 12,047
Building and Improvements	22,183
Intangible Lease Assets	11,968
Intangible Lease Liabilities	(798)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total	45,400
Prorations and Credits	350
Contract Price	$ 45,750
Weighted-average Amortization Period, assets	6 years 3 months 18 days
Weighted-average Amortization Period, liabilities	6 years 1 month 6 days
Shenandoah, Retail Property; South Florida [Member]
Real Estate Properties [Line Items]
Land	$ 10,501
Building and Improvements	22,959
Intangible Lease Assets	4,438
Intangible Lease Liabilities	(4,294)
Market-to-Market Adjustment on Assumed Debt	(934)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total	32,670
Contract Price	$ 32,670
Weighted-average Amortization Period, assets	13 years
Weighted-average Amortization Period, liabilities	18 years 10 months 24 days
CityView, Office Property; Austin, TX [Member]
Real Estate Properties [Line Items]
Land	$ 4,606
Building and Improvements	55,868
Intangible Lease Assets	9,382
Intangible Lease Liabilities	(1,543)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total	68,313
Prorations and Credits	437
Contract Price	$ 68,750
Weighted-average Amortization Period, assets	4 years 6 months
Weighted-average Amortization Period, liabilities	3 years 10 months 24 days
South Cape, Retail Property; Greater Boston Market [Member]
Real Estate Properties [Line Items]
Land	$ 9,936
Building and Improvements	22,877
Intangible Lease Assets	4,675
Intangible Lease Liabilities	(2,038)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total	35,450
Contract Price	$ 35,450
Weighted-average Amortization Period, assets	7 years 10 months 24 days
Weighted-average Amortization Period, liabilities	23 years 9 months 18 days
Rialto, Office Property; Austin, TX Market
Real Estate Properties [Line Items]
Land	$ 5,094
Building and Improvements	26,740
Intangible Lease Assets	5,751
Intangible Lease Liabilities	(447)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total	37,138
Prorations and Credits	162
Contract Price	$ 37,300
Weighted-average Amortization Period, assets	5 years 2 months 12 days
Weighted-average Amortization Period, liabilities	2 years 8 months 12 days

Investments in Real Property 51

Investments in Real Property (Schedule Pro Forma Financial Information (Unaudited)) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Business Combination, Actual Information [Abstract]
Actual, total revenues		$ 18,487
Actual, rental expenses		6,687
Actual, NOI	[1]	11,800
Actual, net income before real estate depreciation and amortization expense		9,263
Actual, real estate depreciation and amortization expense		9,534
Actual, net loss		(271)
Business Acquisition, Pro Forma Information [Abstract]
Pro forma, total revenues	[2]	260,553	$ 265,069
Pro forma, total rental expenses		72,345	63,891
Pro forma, NOI	[1]	188,208	201,178
Pro forma, net income before real estate depreciation and amortization expense		238,877	139,480
Pro forma, real estate depreciation and amortization expense		103,082	109,038
Pro forma, net income	[3]	135,795	30,442
Incremental revenue		35,400	33,500
Acquisition-related expenses		2,644	$ 1,205	$ 536
2015 Acquisitions [Member]
Business Acquisition, Pro Forma Information [Abstract]
Acquisition-related expenses		$ 2,400
[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 13.
[2]	The pro forma total revenues were adjusted to include incremental revenue of approximately $35.4 million and $33.5 million in relation to the 2015 acquisitions for the years ended December 31, 2015 and 2014, respectively.
[3]	Acquisition-related expenses of approximately $2.4 million in relation to our 2015 acquisitions were excluded from the pro forma net income for the year ended December 31, 2015 and included in the pro forma net income for the year ended December 31, 2014, as if these expenses had been incurred as of January 1, 2014.

Investments in Real Property 52

Investments in Real Property (Summary of Disposed Properties) (Details) $ in Thousands		Mar. 11, 2015USD ($)ft²	Dec. 31, 2013USD ($)ft²	Dec. 31, 2015USD ($)ft²property		Dec. 31, 2014USD ($)ft²	Dec. 31, 2013USD ($)ft²	Dec. 31, 2012USD ($)ft²	Oct. 15, 2014USD ($)ft²property	Jan. 22, 2014property	May. 10, 2013property	Mar. 31, 2013USD ($)
Significant Acquisitions and Disposals [Line Items]
Square feet | ft²			4,111,000	3,124,000		3,974,000	4,111,000
Percent Leased at Acquisition				95.00%		93.00%	86.00%
Contract Sales Price		$ 398,600		$ 496,236		$ 230,459	$ 389,266
Gain (loss) on Sale				$ 134,218		40,051	74,286
Rentable square feet | ft²		2,700,000		2,660,000
Impairment of real estate property	[1]			$ 8,124		9,500	$ 2,600
Investment in real property	[2]			$ 1,874,217		$ 1,929,426
Interest bearing on mortgage note						5.80%
Industrial Property Silicon Valley CA [Member]
Significant Acquisitions and Disposals [Line Items]
Square feet | ft²									177,000
Number of Properties | property									3
Impairment of real estate property			$ 2,600
Investment in real property									$ 13,100
Real estate investments loan principal						$ 13,600
Office Property; Dallas, TX Market [Member]
Significant Acquisitions and Disposals [Line Items]
Rentable square feet | ft²						177,000
Unpaid principal balance								$ 179,800				$ 177,400
Industrial Portfolio Properties; Various Markets [Member]
Significant Acquisitions and Disposals [Line Items]
Number of Properties | property										12	7
Office and Industrial Portfolio; Various Markets [Member]
Significant Acquisitions and Disposals [Line Items]
DPF Ownership				100.00%
Square feet | ft²				2,669,000
Percent Leased at Acquisition				100.00%
Disposition Date				Mar. 11, 2015
Contract Sales Price				$ 398,635
Gain (loss) on Sale				$ 105,542
Industrial Portfolio Properties; Various Markets [Member]
Significant Acquisitions and Disposals [Line Items]
DPF Ownership						93.00%	96.00%
Square feet | ft²			1,918,000			3,387,000	1,918,000
Percent Leased at Acquisition						99.00%	98.00%
Disposition Date						Jan. 22, 2014	May 10, 2013
Contract Sales Price						$ 175,000	$ 85,935
Gain (loss) on Sale						$ 29,545	$ (311)
Office Property, Los Angeles, CA Market [Member]
Significant Acquisitions and Disposals [Line Items]
DPF Ownership	[3]			100.00%
Square feet | ft²	[3]			111,000
Percent Leased at Acquisition	[3]			0.00%
Disposition Date	[3]			Jul. 20, 2015
Contract Sales Price	[3]			$ 12,549
Gain (loss) on Sale	[3]			$ 2,866
Office Property, Little Rock, AR Market [Member]
Significant Acquisitions and Disposals [Line Items]
DPF Ownership						100.00%
Square feet | ft²						102,000
Percent Leased at Acquisition						100.00%
Disposition Date						Feb. 25, 2014
Contract Sales Price						$ 19,550
Gain (loss) on Sale						$ 1,350
Land Parcel Property, Denver, CO Market [Member]
Significant Acquisitions and Disposals [Line Items]
DPF Ownership				100.00%	[4]	100.00%
Disposition Date				Aug. 12, 2015	[4]	Apr. 14, 2014
Contract Sales Price				$ 7,577	[4]	$ 780
Gain (loss) on Sale				$ 1,701	[4]	$ 93
Office Property, East Bay, CA Market [Member]
Significant Acquisitions and Disposals [Line Items]
DPF Ownership						100.00%
Square feet | ft²						60,000
Percent Leased at Acquisition						0.00%
Disposition Date						Jun. 13, 2014
Contract Sales Price						$ 5,700
Gain (loss) on Sale						$ 2,755
Retail Property, Boston, MA Market [Member]
Significant Acquisitions and Disposals [Line Items]
DPF Ownership				100.00%		100.00%
Square feet | ft²				11,000		110,000
Percent Leased at Acquisition				100.00%		0.00%
Disposition Date				Dec. 18, 2015		Feb. 18, 2014
Contract Sales Price				$ 1,625		$ 6,750
Gain (loss) on Sale				$ 14		$ 2,276
Office Property; Dallas, TX Market [Member]
Significant Acquisitions and Disposals [Line Items]
DPF Ownership				100.00%			100.00%
Square feet | ft²			1,509,000	177,000			1,509,000
Percent Leased at Acquisition				88.00%			66.00%
Disposition Date				Jan. 16, 2015			May 31, 2013
Contract Sales Price				$ 46,600			$ 122,231
Gain (loss) on Sale				23,125			$ 15,462
Office (2) Property; Dallas, TX Market [Member]
Significant Acquisitions and Disposals [Line Items]
DPF Ownership							100.00%
Square feet | ft²			62,000				62,000
Percent Leased at Acquisition							100.00%
Disposition Date							Jan. 13, 2013
Contract Sales Price							$ 8,500
Gain (loss) on Sale							$ 1,217
Office Property; Denver, CO Market [Member]
Significant Acquisitions and Disposals [Line Items]
DPF Ownership						100.00%	100.00%
Square feet | ft²			133,000			138,000	133,000
Percent Leased at Acquisition						100.00%	98.00%
Disposition Date						Nov. 7, 2014	Sep. 13, 2013
Contract Sales Price						$ 9,100	$ 58,100
Gain (loss) on Sale						$ 4,032	$ 10,233
Office Property (2); Denver, CO [Member]
Significant Acquisitions and Disposals [Line Items]
DPF Ownership							100.00%
Square feet | ft²			257,000				257,000
Percent Leased at Acquisition							100.00%
Disposition Date							Jul. 31, 2013
Contract Sales Price							$ 71,000
Gain (loss) on Sale							$ 35,371
Office Property; Greater Boston Market [Member]
Significant Acquisitions and Disposals [Line Items]
DPF Ownership							100.00%
Square feet | ft²			132,000				132,000
Percent Leased at Acquisition							100.00%
Disposition Date							Jun. 6, 2013
Contract Sales Price							$ 25,500
Gain (loss) on Sale							$ 6,734
Office Property; Chicago, IL Market [Member]
Significant Acquisitions and Disposals [Line Items]
DPF Ownership							100.00%
Square feet | ft²			100,000				100,000
Percent Leased at Acquisition							100.00%
Disposition Date							Oct. 15, 2013
Contract Sales Price							$ 18,000
Gain (loss) on Sale							$ 5,580
Impairment of real estate property				$ 6,500
Office Property, Silicon Valley Market
Significant Acquisitions and Disposals [Line Items]
DPF Ownership				100.00%
Square feet | ft²				53,000
Percent Leased at Acquisition				100.00%
Disposition Date				Dec. 14, 2015
Contract Sales Price				$ 16,750
Gain (loss) on Sale				$ 970
Retail Property; Pittsburgh, PA Market [Member]
Significant Acquisitions and Disposals [Line Items]
DPF Ownership				100.00%
Square feet | ft²				103,000
Percent Leased at Acquisition				93.00%
Disposition Date				May 5, 2015
Contract Sales Price				$ 12,500
Industrial Property; Silicon Valley, CA Market [Member]
Significant Acquisitions and Disposals [Line Items]
DPF Ownership						100.00%
Square feet | ft²						177,000
Percent Leased at Acquisition						41.00%
Disposition Date						Oct. 15, 2014
Contract Sales Price						$ 13,579
Office [Member]
Significant Acquisitions and Disposals [Line Items]
DPF Ownership								100.00%
Number of Properties | property				6
Rentable square feet | ft²				1,100,000				1,500,000
Industrial Property
Significant Acquisitions and Disposals [Line Items]
Number of Properties | property				6
Rentable square feet | ft²				1,600,000
[1]	Includes approximately $125,000 paid to our Advisor for advisory fees associated with the disposition of real properties during the year ended December 31, 2015.
[2]	Includes approximately $76.9 million and $82.7 million, after accumulated depreciation and amortization, in consolidated real property variable interest entity investments as of December 31, 2015 and 2014, respectively.
[3]	During the year ended December 31, 2012, we became the 100% owner of the titleholder of a 1.5 million square foot office property in the Dallas, TX market ("Comerica Bank Tower"), as the result of our foreclosure of a non-performing mezzanine loan for which such ownership interest had served as collateral. Comerica Bank Tower was subject to a mortgage note with a principal balance of $179.8 million as of the acquisition date bearing interest at 5.8%, which would have matured in January 2017. On September 10, 2012, we were notified that a receiver (the "Receiver") had been appointed for the Comerica Bank Tower. As of March 31, 2013, the unpaid principal balance of this mortgage note was $177.4 million. On May 31, 2013, Comerica Bank Tower was sold by the Receiver pursuant to court order to a purchaser unaffiliated with us. Because of the outstanding principal balance of the mortgage note, we did not receive any proceeds from the sale of Comerica Bank Tower.
[4]	On October 15, 2014, we disposed of a wholly owned industrial property comprising approximately 177,000 net rentable square feet in three buildings located in the Silicon Valley, CA market ("Lundy"). At the time of the disposition, the property had a net investment amount of approximately $13.1 million (after a $2.6 million impairment charge which we recorded during the fourth quarter of 2013). The property was transferred to the lender through a foreclosure sale which extinguished amounts due, including related principal of $13.6 million.

Investments in Real Property 53

Investments in Real Property (Schedule Of Discontinued Operations Assets Held For Sale) (Details) $ in Thousands	Dec. 31, 2014USD ($)
Disclosure Summary Of Consolidated Investments In Real Property [Abstract]
Land	$ 4,075
Building and improvements	19,337
Intangible lease assets	7,005
Accumulated depreciation	(10,163)
Other assets, net	1,673
Assets held for sale	21,927	[1]
Other liabilities	1,880
Liabilities related to assets held for sale	$ 1,880
[1]	Includes other assets and restricted cash related to properties classified as held for sale in the accompanying balance sheet as of December 31, 2014.

Investments in Real Property 54

Investments in Real Property (Schedule of Amounts Recorded as Discontinued Operations) (Details) - USD ($) $ in Thousands	3 Months Ended							12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014		Dec. 31, 2013
Investments in Real Property [Abstract]
Revenues									$ 969		$ 39,023
Rental expense									(340)		(14,020)
Real estate depreciation and amortization expense											(21,017)
Interest expense									(296)		(12,662)
Other expenses									(8)		(56)
Income from discontinued operations									325		(8,732)
Gain (loss) on disposition									29,679		74,286
Discontinued operations					$ 5	$ 142	$ 29,857		30,004	[1]	65,554	[1]
Discontinued operations attributable to noncontrolling interests									(4,462)		(4,560)
Income from discontinued operations attributable to common stockholders									$ 25,542		$ 60,994
[1]	Includes approximately $1.6 million and $2.6 million paid to our Advisor for fees associated with the disposition of real properties during the years ended December 31, 2014 and 2013, respectively.

Investments in Real Property (F

Investments in Real Property (Future Minimum Rental Receivable Under Non Cancelable Operating and Ground Leases) (Details) $ in Thousands	Dec. 31, 2015USD ($)
Investments in Real Property [Abstract]
2,016	$ 183,489
2,017	141,830
2,018	118,680
2,019	103,909
2,020	72,457
Thereafter	191,084
Total	$ 811,449

Investments in Real Property 56

Investments in Real Property (Summary of Top Five Tenants as Percentage of Consolidated Annual Base Rent and Square Feet) (Details) ft² in Thousands, $ in Thousands		12 Months Ended
		Dec. 31, 2015USD ($)ft²property	Mar. 11, 2015ft²
Concentration Risk [Line Items]
Locations | property		21
Annualized Base Rent | $	[1]	$ 77,519
% of Total Annualized Base Rent		42.50%
Square Feet | ft²		2,660	2,700
% of Total Portfolio Square Feet		29.30%
Charles Schwab and Company, Inc.
Concentration Risk [Line Items]
Locations | property		2
Industry		Securities, Commodities, Fin. Inv./Rel. Activities
Annualized Base Rent | $	[1]	$ 23,408
% of Total Annualized Base Rent		12.80%
Square Feet | ft²		602
% of Total Portfolio Square Feet		6.60%
Sybase, Inc.
Concentration Risk [Line Items]
Locations | property		1
Industry		Publishing Information (except Internet)
Annualized Base Rent | $	[1]	$ 18,692
% of Total Annualized Base Rent		10.30%
Square Feet | ft²		405
% of Total Portfolio Square Feet		4.50%
Northrop Grumman
Concentration Risk [Line Items]
Locations | property	[2]	1
Industry	[2]	Professional, Scientific and Technical Services
Annualized Base Rent | $	[1],[2]	$ 15,901
% of Total Annualized Base Rent	[2]	8.70%
Square Feet | ft²	[2]	575
% of Total Portfolio Square Feet	[2]	6.30%
Stop and Shop
Concentration Risk [Line Items]
Locations | property		16
Industry		Food and Beverage Stores
Annualized Base Rent | $	[1]	$ 14,983
% of Total Annualized Base Rent		8.20%
Square Feet | ft²		911
% of Total Portfolio Square Feet		10.10%
Novo Nordisk
Concentration Risk [Line Items]
Locations | property		1
Industry		Chemical Manufacturing
Annualized Base Rent | $	[1]	$ 4,535
% of Total Annualized Base Rent		2.50%
Square Feet | ft²		167
% of Total Portfolio Square Feet		1.80%
[1]	Annualized base rent represents the annualized monthly base rent of executed leases as of December 31, 2015.
[2]	Northrop Grumman exercised a purchase option to acquire the office property that they leased from us on February 18, 2016. As a result, Northrop Grumman is no longer our tenant. Prior to acquiring this property from us, Northrop Grumman's lease would have expired in 2016. For a more detailed discussion of the purchase option and the related property disposition, see "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations - Subsequent Events" of this Annual Report on Form 10-K.

Debt Related Investments (Narra

Debt Related Investments (Narrative) (Details)	12 Months Ended
	Dec. 31, 2015USD ($)securityloan	Dec. 31, 2014USD ($)securityloan
Investment [Line Items]
Number of debt investments | security	3	11
Weighted average maturity of our debt investments	3 years 3 months 18 days
Direct write off of allowance for loan loss	$ 3,000,000
Number of Nonaccrual Loans Receivable | loan	0
Unpaid principal balance of impaired debt investments	$ 3,000,000
Number of impaired debt investments | loan	1
Interest Income Recognized	$ 0	$ 51,000
Average Recorded Investment		$ 6,100,000
B-Notes
Investment [Line Items]
Number of Nonaccrual Loans Receivable | loan		1

Debt Related Investments (Sched

Debt Related Investments (Schedule of Debt Related Income) (Details) $ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2015USD ($)

Sep. 30, 2015USD ($)

Jun. 30, 2015USD ($)

Mar. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Sep. 30, 2014USD ($)

Jun. 30, 2014USD ($)

Mar. 31, 2014USD ($)

Dec. 31, 2015USD ($)security

Dec. 31, 2014USD ($)security

Dec. 31, 2013USD ($)security

Investment [Line Items]

Debt related income

$ 1,328

$ 807

$ 1,584

$ 3,203

$ 1,825

$ 1,798

$ 1,760

$ 2,013

$ 6,922

$ 7,396

$ 10,449

Weighted Average Yield

[1]

6.10%

6.10%

Number of debt investment repaid | security

6

3

4

Mortgage Notes

Investment [Line Items]

Debt related income

[2]

$ 5,136

$ 4,521

$ 8,726

Weighted Average Yield

[1],[2]

6.10%

6.10%

B-Notes

Investment [Line Items]

Debt related income

[2]

51

Mezzanine Debt

Investment [Line Items]

Debt related income

[3]

$ 1,786

$ 2,875

$ 1,672

[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 December 31, 2015. As of December 31, 2015, all of our debt related investments bear interest at fixed rates.

[2]

Six, three and four of our debt related investments structured as mortgage notes were repaid in full during the years ended December 31, 2015, 2014 and 2013, respectively. 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.

[3]

Our debt related investment structured as a mezzanine loan was repaid in full during the year ended December 31, 2015. During the year ended December 31, 2015, amounts recorded were offset by accelerated amortization of deferred due diligence costs.

Debt Related Investments (Debt

Debt Related Investments (Debt Investment Activity) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014
Investment in debt related investments:
Beginning balance January 1		$ 94,951	$ 123,935
Investments	[1]	3,465	2,924
Principal repayments		(82,417)	(31,177)
Amortization of deferred fees, costs, and discounts/premiums		(277)	(731)
Ending balance December 31		15,722	94,951
Interest capitalized		$ 2,000	$ 2,900
[1]	Investments include approximately $2.0 million and $2.9 million of accrued interest that was capitalized into the principal balance of our mezzanine debt investment during the years ended December 31, 2015 and 2014, respectively.

Debt Related Investments (Summa

Debt Related Investments (Summary of Debt Related Investments) (Details) - USD ($) $ in Thousands		Mar. 11, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Investment [Line Items]
Mortgage loans, interest rate		5.46%	6.40%
Face Amount of Debt	[1]		$ 15,609
Debt related investments, net			$ 15,722	$ 94,951	$ 123,935
Mortgage Notes | Mountain | Fixed | Note 3
Investment [Line Items]
Region			Mountain
Interest Rate Fixed or Variable			Fixed
Mortgage loans, interest rate			5.20%
Maturity Date			Mar. 1, 2021
Face Amount of Debt	[1]		$ 3,189
Debt related investments, net			$ 3,174
Mortgage Notes | Southeast | Fixed | Note 2
Investment [Line Items]
Region			Southeast
Interest Rate Fixed or Variable			Fixed
Mortgage loans, interest rate			7.00%
Maturity Date			Mar. 1, 2019
Face Amount of Debt	[1]		$ 8,729
Debt related investments, net			$ 8,827
Mortgage Notes | Northeast | Fixed | Note 1
Investment [Line Items]
Region			Northeast
Interest Rate Fixed or Variable			Fixed
Mortgage loans, interest rate			6.20%
Maturity Date			Nov. 1, 2017
Face Amount of Debt	[1]		$ 3,691
Debt related investments, net			$ 3,721
[1]	Reflects the principal amount of the debt investment outstanding, which is net of principal repayments.

Debt Obligations (Narrative) (D

Debt Obligations (Narrative) (Details)		Mar. 11, 2015USD ($)	Jan. 13, 2015USD ($)	Dec. 31, 2015USD ($)entityloanitem	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Debt Instrument [Line Items]
Mortgages sold		$ 128,000,000
Mortgage loans, interest rate		5.46%		6.40%
Number of interest-only mortgage notes | loan				10
Number of amortizing mortgage notes | loan				8
Interest-only mortgage notes, outstanding balance				$ 343,800,000
Amortizing mortgage notes outstanding balance				245,000,000
Maturity date		Jul. 1, 2020
Unsecured Debt				517,000,000	$ 345,000,000
Line of credit, amount outstanding				167,000,000	$ 75,000,000
Interest bearing on mortgage note					5.80%
Restructured mortgage note face value	[1]			15,609,000
Balance Repaid, Mortgage Notes				136,658,000	$ 52,977,000	$ 29,046,000
Debt Instrument Interest Rate Stated Percentage					5.80%
Mortgages [Member]
Debt Instrument [Line Items]
Obligation released through defeasance		$ 44,800,000
Defeasance costs		$ 8,600,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit, amount outstanding				167,000,000
Current borrowing capacity				230,800,000
Old Facility [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity				620,000,000
Repaid outstanding borrowings				$ 380,000,000
Old Facility [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit, amount outstanding					$ 75,000,000
Current borrowing capacity					189,400,000
Available borrowing under revolving credit facility					$ 272,800,000
Amended Facility [Member]
Debt Instrument [Line Items]
Debt issuance date				Jan. 13, 2015
Number of lenders | entity				14
Credit facility, maximum borrowing capacity				$ 550,000,000
Potential maximum borrowing capacity				900,000,000
Amended Facility [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity				$ 400,000,000
Credit facility expiration date				Jan. 31, 2019
Number of one year extensions | item				1
Revolving credit facility extension period				12 months
Percentage of extension fee to outstanding principal balance				0.15%
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 [Member] | Amended Facility [Member] | LIBOR [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Outstanding borrowings spread over LIBOR				1.40%
Maximum [Member] | Amended Facility [Member] | LIBOR [Member] | Revolving Credit Facility [Member]
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				Jan. 31, 2018
Number of one year extensions | item				2
Revolving credit facility extension period				12 months
Percentage of extension fee to outstanding principal balance				0.125%
Unsecured Debt			$ 100,000,000	$ 150,000,000
Line of credit, amount outstanding				$ 150,000,000
$150 Million Term Loan [Member] | Minimum [Member] | Amended Facility [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Outstanding borrowings spread over LIBOR				1.35%
$150 Million Term Loan [Member] | Maximum [Member] | Amended Facility [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Outstanding borrowings spread over LIBOR				2.20%
$200 Million Term Loan [Member]
Debt Instrument [Line Items]
Debt issuance date				Feb. 27, 2015
Number of lenders | entity				6
Debt term				7 years
Maturity date				Feb. 27, 2022
Number of one year extensions | item				0
Unsecured Debt				$ 200,000,000
$200 Million Term Loan [Member] | Minimum [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Outstanding borrowings spread over LIBOR				1.65%
$200 Million Term Loan [Member] | Maximum [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Outstanding borrowings spread over LIBOR				2.55%
Repurchase Facilities [Member]
Debt Instrument [Line Items]
Interest rate					2.84%
Outstanding borrowings spread over LIBOR				2.25%
Term Loan [Member] | Old Facility [Member]
Debt Instrument [Line Items]
Line of credit, amount outstanding					$ 270,000,000
Line of Credit [Member]
Debt Instrument [Line Items]
Outstanding borrowings spread over LIBOR				1.40%	1.75%
[1]	Reflects the principal amount of the debt investment outstanding, which is net of principal repayments.

Debt Obligations (Summary of Bo

Debt Obligations (Summary of Borrowings) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Weighted Average Stated Interest Rate		4.10%	4.80%
Outstanding Balance	[1]	$ 1,104,086,000	$ 1,198,267,000
Unamortized net discount at end of period on debt payable		1,300,000	2,000,000
Troubled debt restructuring amortization		3,100,000	2,300,000
Line of credit, amount outstanding		167,000,000	75,000,000
Total unsecured borrowings		$ 517,000,000	$ 345,000,000
Fixed-Rate Mortgages [Member]
Debt Instrument [Line Items]
Weighted Average Stated Interest Rate		5.60%	5.80%
Outstanding Balance	[1]	$ 579,196,000	$ 807,994,000
Gross Investment Amount Securing Borrowings	[2]	$ 1,016,560,000	$ 1,625,637,000
Floating-Rate Mortgages [Member]
Debt Instrument [Line Items]
Weighted Average Stated Interest Rate	[3]	3.40%	3.20%
Outstanding Balance	[1],[3]	$ 7,890,000	$ 8,250,000
Gross Investment Amount Securing Borrowings	[2],[3]	$ 16,618,000	$ 16,118,000
Outstanding borrowings spread over LIBOR		3.00%
Total Mortgage Notes [Member]
Debt Instrument [Line Items]
Weighted Average Stated Interest Rate		5.50%	5.80%
Outstanding Balance	[1]	$ 587,086,000	$ 816,244,000
Gross Investment Amount Securing Borrowings	[2]	$ 1,033,178,000	$ 1,641,755,000
Repurchase Facilities [Member]
Debt Instrument [Line Items]
Weighted Average Stated Interest Rate	[4]		2.80%
Outstanding Balance	[1],[4]		$ 37,023,000
Gross Investment Amount Securing Borrowings	[2],[4]		$ 51,156,000
Outstanding borrowings spread over LIBOR		2.25%
Interest rate			2.84%
Total Secured Borrowings [Member]
Debt Instrument [Line Items]
Weighted Average Stated Interest Rate		5.50%	5.60%
Outstanding Balance	[1]	$ 587,086,000	$ 853,267,000
Gross Investment Amount Securing Borrowings	[2]	$ 1,033,178,000	$ 1,692,911,000
Line of Credit [Member]
Debt Instrument [Line Items]
Weighted Average Stated Interest Rate	[5]	1.90%	2.60%
Outstanding Balance	[1],[5]	$ 167,000,000	$ 75,000,000
Debt, Weighted Average Interest Rate		1.88%
Outstanding borrowings spread over LIBOR		1.40%	1.75%
Weighted average interest rate		1.88%
Line of credit, interest rate			2.56%
Term Loans [Member]
Debt Instrument [Line Items]
Weighted Average Stated Interest Rate	[6]	2.60%	2.70%
Outstanding Balance	[1],[6]	$ 350,000,000	$ 270,000,000
Outstanding borrowings spread over LIBOR		1.52%	1.70%
Interest rate		2.59%	2.69%
Total Unsecured Borrowings [Member]
Debt Instrument [Line Items]
Weighted Average Stated Interest Rate		2.40%	2.70%
Outstanding Balance	[1]	$ 517,000,000	$ 345,000,000
Interest Rate Swap | Line of Credit [Member]
Debt Instrument [Line Items]
Portion of debt affected by interest rate swaps		30,000,000
Line of credit, amount outstanding		$ 25,400,000
[1]	Amounts are net of (i) unamortized premiums to the face value of our outstanding fixed-rate mortgages of $1.3 million and $2.0 million as of December 31, 2015 and 2014, respectively, and (ii) GAAP principal amortization related to troubled debt restructurings of $3.1 million and $2.3 million as of December 31, 2015 and 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 investments, which includes (i) unpaid principal balances, (ii) unamortized discounts, premiums, and deferred charges, and (iii) allowances for loan loss.
[3]	As of December 31, 2015 and 2014, our floating-rate mortgage note was subject to an interest rate spread of 3.00% over one-month LIBOR.
[4]	As of 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 December 31, 2015 and 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 December 31, 2015, we had effectively fixed the interest rate of approximately $25.4 million of the total of $167.0 million in borrowings using interest rate swaps, resulting in a weighted average interest rate on the total line of credit of 1.88%. 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, resulting in a weighted average interest rate on the total line of credit of 2.56%.
[6]	As of December 31, 2015 and 2014, borrowings under our term loans were subject to interest at weighted average floating rates of 1.52% and 1.70%, respectively, over one-month LIBOR. However, we had effectively fixed the interest rates of the borrowings using interest rate swaps at 2.59% and 2.69% as of December 31, 2015 and 2014, respectively.

Debt Obligations (Summary of 63

Debt Obligations (Summary of Borrowings Reflects Contractual Debt Maturities Footnote) (Details)		Mar. 11, 2015	Dec. 31, 2015USD ($)loanitem	Jan. 13, 2015USD ($)	Dec. 31, 2014USD ($)
Debt Instrument [Line Items]
Outstanding Balance, 2016			$ 286,679,000
Outstanding Balance, 2017			206,660,000
Outstanding Balance, 2018			151,762,000
Outstanding Balance, 2019			168,869,000
Outstanding Balance, 2020			1,982,000
Outstanding Balance, 2021			10,825,000
Outstanding Balance, 2022			201,663,000
Outstanding Balance, 2023			978,000
Outstanding Balance, 2024			1,034,000
Outstanding Balance, 2025			71,094,000
Total Outstanding Balance			1,105,849,000
Unsecured borrowings			517,000,000		$ 345,000,000
Maturity date		Jul. 1, 2020
Line of credit, amount outstanding			167,000,000		75,000,000
Troubled debt restructuring amortization			3,100,000		$ 2,300,000
Mark to market adjustment on assumed debt			1,300,000
$200 Million Term Loan [Member]
Debt Instrument [Line Items]
Unsecured borrowings			$ 200,000,000
Maturity date			Feb. 27, 2022
Number of one year extensions | item			0
Thereafter [Member]
Debt Instrument [Line Items]
Outstanding Balance, Thereafter			$ 4,303,000
Mortgage Notes
Debt Instrument [Line Items]
Number of Borrowings Maturing | loan			18
Outstanding Balance, 2016	[1]		$ 286,679,000
Outstanding Balance, 2017	[1]		206,660,000
Outstanding Balance, 2018	[1]		1,762,000
Outstanding Balance, 2019	[1]		1,869,000
Outstanding Balance, 2020	[1]		1,982,000
Outstanding Balance, 2021	[1]		10,825,000
Outstanding Balance, 2022	[1]		1,663,000
Outstanding Balance, 2023	[1]		978,000
Outstanding Balance, 2024	[1]		1,034,000
Outstanding Balance, 2025	[1]		71,094,000
Total Outstanding Balance	[1]		$ 588,849,000
Mortgage Notes | 2016 [Member]
Debt Instrument [Line Items]
Number of Borrowings Maturing | loan			7
Mortgage Notes | 2017 [Member]
Debt Instrument [Line Items]
Number of Borrowings Maturing | loan			6
Mortgage Notes | 2021 [Member]
Debt Instrument [Line Items]
Number of Borrowings Maturing | loan			1
Mortgage Notes | 2022 [Member]
Debt Instrument [Line Items]
Number of Borrowings Maturing | loan			1
Mortgage Notes | 2025 [Member]
Debt Instrument [Line Items]
Number of Borrowings Maturing | loan			1
Mortgage Notes | Thereafter [Member]
Debt Instrument [Line Items]
Number of Borrowings Maturing | loan			2
Outstanding Balance, Thereafter	[1]		$ 4,303,000
Total Unsecured Borrowings [Member]
Debt Instrument [Line Items]
Number of Borrowings Maturing | loan			3
Outstanding Balance, 2018	[2]		$ 150,000,000
Outstanding Balance, 2019	[2]		167,000,000
Outstanding Balance, 2022	[2]		200,000,000
Total Outstanding Balance	[2]		517,000,000
Unsecured borrowings			$ 167,000,000
Maturity date			Jan. 31, 2019
Revolving credit facility extension period			1 year
Total Unsecured Borrowings [Member] | $150 Million Term Loan [Member]
Debt Instrument [Line Items]
Unsecured borrowings			$ 150,000,000
Total Unsecured Borrowings [Member] | $200 Million Term Loan [Member]
Debt Instrument [Line Items]
Debt face amount			200,000,000
Unsecured borrowings			$ 200,000,000
Maturity date			Feb. 27, 2022
Number of one year extensions | item			0
Total Unsecured Borrowings [Member] | 2017 [Member] | $150 Million Term Loan [Member]
Debt Instrument [Line Items]
Maturity date			Jan. 31, 2018
Total Unsecured Borrowings [Member] | 2018 [Member]
Debt Instrument [Line Items]
Number of Borrowings Maturing | loan			1
Total Unsecured Borrowings [Member] | 2018 [Member] | $150 Million Term Loan [Member]
Debt Instrument [Line Items]
Number of one year extensions | item			2
Extension Option, In Years			1 year
Total Unsecured Borrowings [Member] | 2019 [Member]
Debt Instrument [Line Items]
Number of Borrowings Maturing | loan			1
Total Unsecured Borrowings [Member] | 2022 [Member]
Debt Instrument [Line Items]
Number of Borrowings Maturing | loan			1
Amended Facility [Member] | $150 Million Term Loan [Member]
Debt Instrument [Line Items]
Debt face amount			$ 150,000,000
Unsecured borrowings			$ 150,000,000	$ 100,000,000
Maturity date			Jan. 31, 2018
Number of one year extensions | item			2
Revolving credit facility extension period			12 months
Line of credit, amount outstanding			$ 150,000,000
[1]	Outstanding principal balance represents expected cash outflows for contractual amortization and scheduled balloon payment maturities and does not include principal amortization of our restructured mortgage note of approximately $3.1 million that does not reduce the contractual amount due of the related mortgage note as of December 31, 2015, partially offset by the mark-to-market adjustment on assumed debt of $1.3 million as of December 31, 2015.
[2]	Unsecured borrowings presented include (i) borrowings under the $150 Million Term Loan of $150.0 million, which were scheduled to mature in 2018, subject to two one-year extension options, (ii) borrowings under the Revolving Credit Facility of $167.0 million, which were scheduled to mature in 2019, subject to a one-year extension option, and (iii) borrowings under the $200 Million Term Loan of $200.0 million which are scheduled to mature in 2022 with no extension options.

Derivatives And Hedging Activ64

Derivatives And Hedging Activities (Narrative) (Details)	12 Months Ended
	Dec. 31, 2015USD ($)agreement	Dec. 31, 2016USD ($)agreement	Dec. 31, 2014USD ($)agreement
Scenario, Forecast [Member]
Derivative [Line Items]
Estimated increase to interest expense related to active effective hedges of floating rate debt	$ 1,600,000
Designated Hedges [Member]
Derivative [Line Items]
Total notional amount	375,400,000		$ 339,200,000
Interest Rate Swap Maturing January 2020 [Member] | Scenario, Forecast [Member]
Derivative [Line Items]
Number of derivatives | agreement		2
Total notional amount		$ 100,000,000
Interest Rate Swap Maturing February 2022 [Member] | Scenario, Forecast [Member]
Derivative [Line Items]
Number of derivatives | agreement		2
Total notional amount		$ 100,000,000
Interest Rate Swap | Scenario, Forecast [Member]
Derivative [Line Items]
Estimated increase to interest expense related to termination of hedging instrument	$ 1,900,000
Interest Rate Swap | Designated Hedges [Member]
Derivative [Line Items]
Number of derivatives | agreement	12		11
Other Liabilities [Member]
Derivative [Line Items]
Derivative Liabilities	$ 3,100,000		$ 883,000

Derivatives And Hedging Activ65

Derivatives And Hedging Activities (Reconciliation of Accumulated Other Comprehensive Loss, Net of Amounts Attributable to Noncontrolling Interests) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance as of December 31, 2014	$ (10,120)
Amount of loss reclassified from OCI into interest expense (effective portion) (net of tax benefit of $0)	4,820
Change in fair value recognized in OCI (effective portion) (net of tax benefit of $0)	(5,797)
Net current-period other comprehensive income	(977)	$ 510	$ 4,975
Attribution of and other adjustments to OCI attributable to noncontrolling interests	83
Ending balance as of December 31, 2015	(11,014)	(10,120)
(Losses) Gains And On Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance as of December 31, 2014	(9,069)
Amount of loss reclassified from OCI into interest expense (effective portion) (net of tax benefit of $0)	4,820
Change in fair value recognized in OCI (effective portion) (net of tax benefit of $0)	(5,797)
Net current-period other comprehensive income	(977)
Attribution of and other adjustments to OCI attributable to noncontrolling interests	79
Ending balance as of December 31, 2015	(9,967)	(9,069)
Unrealized (Losses) and Gains On Available-For-Sale Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance as of December 31, 2014	(1,051)
Attribution of and other adjustments to OCI attributable to noncontrolling interests	4
Ending balance as of December 31, 2015	$ (1,047)	$ (1,051)

Derivatives And Hedging Activ66

Derivatives And Hedging Activities (Gross Fair Value of Derivative Financial Instruments as Well as Their Classification) (Details) - USD ($)		Dec. 31, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Derivative fair values, net		$ 157,000	$ 24,000
Other Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Assets		41,000	519,000
Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liabilities		3,100,000	883,000
Designated Hedges [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair value, Gross asset		197,000	543,000
Derivative instruments		(3,303,000)	(907,000)
Designated Hedges [Member] | Interest Rate Contract [Member] | Other Assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair value, Gross asset	[1]	197,000	543,000
Designated Hedges [Member] | Interest Rate Contract [Member] | Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative instruments	[1]	$ (3,303,000)	$ (907,000)
[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 sheets. If we did net our derivative fair values on the consolidated balance sheets, the derivative fair values would be lowered by approximately $157,000 and $24,000 as of December 31, 2015 and 2014, respectively, resulting in net fair values of our asset derivatives of approximately $41,000 and $519,000 as of December 31, 2015 and 2014, respectively, and net fair values of our liability derivatives of approximately $3.1 million and $883,000 as of December 31, 2015 and 2014, respectively.

Derivatives And Hedging Activ67

Derivatives And Hedging Activities (Effect of Derivative Financial Instruments on Financial Statements) (Details) - Designated Hedges [Member] - Interest Rate Contract [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (loss) gain recognized in OCI (effective portion)	$ (5,797)	$ (2,370)	$ 352
Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of loss reclassified from accumulated OCI into income (effective portion)	4,820	3,091	2,726
Interest and Other Income (Expense)
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in income (ineffective portion and amount excluded from effectiveness testing)	$ 3	$ (1)	$ (1,897)

Fair Value Disclosures (Narrati

Fair Value Disclosures (Narrative) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impairment of real estate property	[1]	$ 8,124	$ 9,500	$ 2,600
Office [Member] | Consolidated Properties [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impairment of real estate property		$ 6,500
Ownership interest		80.00%
Fair value of property		$ 17,000
Industrial Property
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value of property				14,500
Industrial Property | Wholly Owned Properties [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impairment of real estate property				$ 2,600
Discount rate				8.50%
Retail [Member] | Consolidated Properties [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impairment of real estate property		1,600
Retail [Member] | Wholly Owned Properties [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impairment of real estate property			9,500
Fair value of property		$ 12,500	$ 12,500
[1]	Includes approximately $125,000 paid to our Advisor for advisory fees associated with the disposition of real properties during the year ended December 31, 2015.

Fair Value Disclosures (Assets

Fair Value Disclosures (Assets and Liabilities Measured at Fair Value on Recurring Basis) (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Assets
Real estate securities	$ 200	$ 200
Derivative instruments	197	543
Total assets	397	743
Liabilities
Derivative instruments	(3,303)	(907)
Total liabilities	$ (3,303)	$ (907)
Fair Value, Inputs, Level 1
Assets
Real estate securities
Derivative instruments
Total assets
Liabilities
Derivative instruments
Total liabilities
Fair Value, Inputs, Level 2
Assets
Derivative instruments	$ 197	$ 543
Total assets	197	543
Liabilities
Derivative instruments	(3,303)	(907)
Total liabilities	(3,303)	(907)
Fair Value, Inputs, Level 3
Assets
Real estate securities	200	200
Total assets	$ 200	$ 200

Fair Value Disclosures (Reconci

Fair Value Disclosures (Reconciliation of Fair Value Measurements Based on Significant Unobservable Inputs) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Real Estate Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance as of December 31, 2014	$ 200
Ending balance as of December 31, 2015	200
Derivative Instruments
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance as of December 31, 2014	(364)
Net income (other income and expense)	3
Other comprehensive income	(5,798)
Total change in fair value	(5,795)
Settlements	3,053
Ending balance as of December 31, 2015	$ (3,106)

Fair Value of Financial Instr71

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Carrying Amount, Fair Value Disclosure | Fixed-rate debt related investments, net
Assets:
Fixed-rate debt related investments, net	$ 15,722	$ 69,889
Carrying Amount, Fair Value Disclosure | Floating-rate debt related investments, net
Assets:
Floating-rate debt related investments, net		25,062
Carrying Amount, Fair Value Disclosure | Fixed-Rate Mortgages [Member]
Liabilities:
Fixed-rate mortgage notes carried at amortized cost	579,196	807,994
Carrying Amount, Fair Value Disclosure | Floating-Rate Mortgages [Member]
Liabilities:
Floating-rate mortgage notes	7,890	8,250
Carrying Amount, Fair Value Disclosure | Floating-Rate Other Secured Borrowings [Member]
Liabilities:
Floating-rate other secured borrowings		37,023
Carrying Amount, Fair Value Disclosure | Floating-Rate Unsecured Borrowings [Member]
Liabilities:
Floating-rate unsecured borrowings	517,000	345,000
Estimated Fair Value, Fair Value Disclosure | Fixed-rate debt related investments, net
Assets:
Fixed-rate debt related investments, net	16,526	71,770
Estimated Fair Value, Fair Value Disclosure | Floating-rate debt related investments, net
Assets:
Floating-rate debt related investments, net		25,157
Estimated Fair Value, Fair Value Disclosure | Fixed-Rate Mortgages [Member]
Liabilities:
Fixed-rate mortgage notes carried at amortized cost	576,432	848,045
Estimated Fair Value, Fair Value Disclosure | Floating-Rate Mortgages [Member]
Liabilities:
Floating-rate mortgage notes	7,883	8,249
Estimated Fair Value, Fair Value Disclosure | Floating-Rate Other Secured Borrowings [Member]
Liabilities:
Floating-rate other secured borrowings		37,023
Estimated Fair Value, Fair Value Disclosure | Floating-Rate Unsecured Borrowings [Member]
Liabilities:
Floating-rate unsecured borrowings	$ 517,000	$ 347,235

Noncontrolling Interests (Narra

Noncontrolling Interests (Narrative) (Details)	Dec. 23, 2015$ / sharesshares	Aug. 12, 2015$ / sharesshares	Mar. 11, 2015property	Dec. 31, 2015USD ($)item$ / sharesshares	Dec. 31, 2014USD ($)propertyitemshares
Noncontrolling Interest [Line Items]
Number of components in noncontrolling interests | item				2
Number of common stock classes | item				4
Number Of Real Estate Properties Sold | property			12
Industrial Property
Noncontrolling Interest [Line Items]
Number Of Real Estate Properties Sold | property					12
Number of joint ventures | item					2
Class E [Member]
Noncontrolling Interest [Line Items]
Shares OP Units redeemed | shares	2,700,000	17,200,000
Shares redeemed | shares				8,400,000	11,000,000
Operating Partnership share price | $ / shares	$ 7.39	$ 7.25
Class E [Member] | Retail Property, Jacksonville, FL Market [Member]
Noncontrolling Interest [Line Items]
Operating Partnership units issued | shares				1,000,000
Operating Partnership share price | $ / shares				$ 7.18
Aggregate purchase price | $				$ 7,300,000
Cash payment | $				783,000
Decrease in financial obligation | $				17,900,000
Increase in noncontrolling interests | $				$ 16,200,000
Operating Partnership Units
Noncontrolling Interest [Line Items]
Number of Operating Partnership Units held by the general partner | shares				200
Contribution for OP Units | $				$ 2,000
Percentage of proceeds received contributed to our Operating Partnership				100.00%
Limited partnership interest owned in Operating Partnership				92.80%	93.60%
Operating Partnership Units | Class E [Member]
Noncontrolling Interest [Line Items]
Partnership unit conversion rate to shares of common stock | item				1
Shares redeemed | shares				360,000	1,100,000
OP Units redemption value maximum | $				$ 2,700,000	$ 7,900,000
Operating Partnership units issued | shares				12,800,000	12,100,000
Operating Partnership units outstanding | shares				12,800,000	12,100,000
Operating Partnership Units | Class E [Member] | Maximum [Member]
Noncontrolling Interest [Line Items]
OP Units redemption value maximum | $				$ 95,600,000	$ 87,000,000

Noncontrolling Interests (Summa

Noncontrolling Interests (Summary of Noncontrolling Interest Balances) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Noncontrolling Interest [Line Items]
Beginning Balance				$ 79,663					$ 79,663
Net income (loss)	$ 46	$ (1,297)	$ 37	8,618	$ 397	$ (475)	$ 330	$ 4,550	7,404	$ 4,802	$ 4,002
Contributions from noncontrolling interest									17,337	104	212
Distributions to noncontrolling interest holders									(4,689)	(9,390)	(5,446)
Ending Balance	97,146				79,663				97,146	79,663
Operating Partnership Units
Noncontrolling Interest [Line Items]
Beginning Balance				77,080					77,080
Net income (loss)									8,631
Unrealized change from cash flow hedging derivatives									(55)
Contributions from noncontrolling interest									16,217
Distributions to noncontrolling interest holders									(4,625)
Redemption and buyout of noncontrolling interests, net									(2,514)
Ending Balance	94,734				77,080				94,734	77,080
Joint Venture Partner Interests
Noncontrolling Interest [Line Items]
Beginning Balance				2,583					2,583
Net income (loss)									(1,227)
Contributions from noncontrolling interest									1,120
Distributions to noncontrolling interest holders									(64)
Ending Balance	2,412				2,583				2,412	2,583
Noncontrolling Interests
Noncontrolling Interest [Line Items]
Beginning Balance				$ 79,663					79,663
Net income (loss)									7,404
Unrealized change from cash flow hedging derivatives									(55)
Contributions from noncontrolling interest									17,337	104	212
Distributions to noncontrolling interest holders									(4,689)	(9,390)	$ (5,446)
Redemption and buyout of noncontrolling interests, net									(2,514)
Ending Balance	$ 97,146				$ 79,663				$ 97,146	$ 79,663

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($)	Dec. 23, 2015	Aug. 12, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Oct. 23, 2009
Stockholders Equity Note Disclosure [Line Items]
Shares repurchased, value			$ 213,796,000	$ 82,236,000	$ 68,531,000
Class E [Member]
Stockholders Equity Note Disclosure [Line Items]
Common stock, shares authorized value						$ 237,500,000
Share price	$ 7.39	$ 7.25
Shares repurchased, value	$ 20,100,000	$ 124,400,000
Stock repurchased during period, shares	2,700,000	17,200,000
Shares redeemed			8,400,000	11,000,000
Value of common stock shares redeemed			$ 61,700,000	$ 77,500,000
Stock redemption additional authorized amount			$ 28,000,000	$ 34,600,000
Common Class I And W [Member]
Stockholders Equity Note Disclosure [Line Items]
Shares redeemed			650,000
Value of common stock shares redeemed			$ 4,600,000
Common Class I Shares, Class A Shares, Class W Shares [Member]
Stockholders Equity Note Disclosure [Line Items]
Shares redeemed			916,000
Value of common stock shares redeemed			$ 6,800,000

Stockholders' Equity (Informati

Stockholders' Equity (Information of Share Transactions) (Details) - USD ($) $ in Thousands		Dec. 23, 2015	Aug. 12, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Shareholders Equity [Line Items]
Balance, Shares				178,399,679
Balance, Shares				164,124,057	178,399,679
Class E [Member]
Shareholders Equity [Line Items]
Balance, amount	[1]			$ 1,670,408	$ 1,728,146	$ 1,775,196
Balance, Shares				163,067,835	171,254,000	178,092,000
Redemptions of common stock (in shares)		(2,700,000)	(17,200,000)
Balance, Shares				137,275,396	163,067,835	171,254,000
Balance, amount	[1]			$ 1,482,140	$ 1,670,408	$ 1,728,146
Class E [Member] | Distribution Reinvestment Plan [Member]
Shareholders Equity [Line Items]
Balance, amount	[1]			$ 19,785	$ 21,352
Distribution reinvestment plan, shares				2,447,000	2,830,000	3,143,000
Balance, amount	[1]			$ 17,866	$ 19,785	$ 21,352
Class E [Member] | Redemption of Common Stock [Member]
Shareholders Equity [Line Items]
Balance, amount	[1]			$ (77,523)	$ (68,402)
Redemptions of common stock (in shares)				(28,240,000)	(11,016,000)	(9,981,000)
Balance, amount	[1]			$ (206,134)	$ (77,523)	$ (68,402)
Class A [Member]
Shareholders Equity [Line Items]
Balance, amount	[1]			$ 8,518	$ 1,534	$ 83
Balance, Shares				1,187,215	217,000	12,000
Balance, Shares				1,703,109	1,187,215	217,000
Balance, amount	[1]			$ 12,438	$ 8,518	$ 1,534
Class A [Member] | Shares Sold [Member]
Shareholders Equity [Line Items]
Balance, amount	[1]			$ 6,879	$ 1,451
Shares sold				511,000	955,000	205,000
Balance, amount	[1]			$ 3,888	$ 6,879	$ 1,451
Class A [Member] | Distribution Reinvestment Plan [Member]
Shareholders Equity [Line Items]
Balance, amount	[1]			$ 105
Distribution reinvestment plan, shares				28,000	15,000
Balance, amount	[1]			$ 203	$ 105
Class A [Member] | Redemption of Common Stock [Member]
Shareholders Equity [Line Items]
Redemptions of common stock (in shares)				(23,000)
Balance, amount	[1]			$ (171)
Class W [Member]
Shareholders Equity [Line Items]
Balance, amount	[1]			$ 7,808	$ 1,437	$ 83
Balance, Shares				1,116,698	209,000	12,000
Balance, Shares				1,811,277	1,116,698	209,000
Balance, amount	[1]			$ 12,952	$ 7,808	$ 1,437
Class W [Member] | Shares Sold [Member]
Shareholders Equity [Line Items]
Balance, amount	[1]			$ 6,310	$ 1,354
Shares sold				693,000	900,000	197,000
Balance, amount	[1]			$ 5,134	$ 6,310	$ 1,354
Class W [Member] | Distribution Reinvestment Plan [Member]
Shareholders Equity [Line Items]
Balance, amount	[1]			$ 74
Distribution reinvestment plan, shares				22,000	10,000
Balance, amount	[1]			$ 158	$ 74
Class W [Member] | Redemption of Common Stock [Member]
Shareholders Equity [Line Items]
Balance, amount	[1]			$ (13)
Redemptions of common stock (in shares)				(20,000)	(2,000)
Balance, amount	[1]			$ (148)	$ (13)
Class I [Member]
Shareholders Equity [Line Items]
Balance, amount	[1]			$ 90,320	$ 29,507	$ 83
Balance, Shares				13,027,931	4,327,000	12,000
Balance, Shares				23,334,275	13,027,931	4,327,000
Balance, amount	[1]			$ 162,283	$ 90,320	$ 29,507
Class I [Member] | Shares Sold [Member]
Shareholders Equity [Line Items]
Balance, amount	[1]			$ 63,705	$ 29,333
Shares sold				10,135,000	9,090,000	4,301,000
Balance, amount	[1]			$ 73,982	$ 63,705	$ 29,333
Class I [Member] | Distribution Reinvestment Plan [Member]
Shareholders Equity [Line Items]
Balance, amount	[1]			$ 867	$ 121
Distribution reinvestment plan, shares				426,000	123,000	18,000
Balance, amount	[1]			$ 3,119	$ 867	$ 121
Class I [Member] | Stock-Based Compensation [Member]
Shareholders Equity [Line Items]
Balance, amount	[1]			$ 807
Stock-based compensation, shares				618,000	136,000
Balance, amount	[1]			$ 1,295	$ 807
Class I [Member] | Redemption of Common Stock [Member]
Shareholders Equity [Line Items]
Balance, amount	[1]			$ (4,566)	$ (30)
Redemptions of common stock (in shares)				(873,000)	(648,000)	(4,000)
Balance, amount	[1]			$ (6,433)	$ (4,566)	$ (30)
Common Stock
Shareholders Equity [Line Items]
Balance, amount	[1]			$ 1,777,054	$ 1,760,624	$ 1,775,445
Balance, Shares				178,400,000	176,007,000	178,128,000
Distribution reinvestment plan, shares				14,262,000	13,923,000	7,864,000
Stock-based compensation, shares				618,000	136,000
Redemptions of common stock (in shares)				(29,156,000)	(11,666,000)	(9,985,000)
Balance, Shares				164,124,000	178,400,000	176,007,000
Balance, amount	[1]			$ 1,669,813	$ 1,777,054	$ 1,760,624
Common Stock | Shares Sold [Member]
Shareholders Equity [Line Items]
Balance, amount	[1]			$ 76,894	$ 32,138
Shares sold				11,339,000	10,945,000	4,703,000
Balance, amount	[1]			$ 83,004	$ 76,894	$ 32,138
Common Stock | Distribution Reinvestment Plan [Member]
Shareholders Equity [Line Items]
Balance, amount	[1]			$ 20,831	$ 21,473
Distribution reinvestment plan, shares				2,923,000	2,978,000	3,161,000
Balance, amount	[1]			$ 21,346	$ 20,831	$ 21,473
Common Stock | Stock-Based Compensation [Member]
Shareholders Equity [Line Items]
Balance, amount	[1]			$ 807
Stock-based compensation, shares				618,000	136,000
Balance, amount	[1]			$ 1,295	$ 807
Common Stock | Redemption of Common Stock [Member]
Shareholders Equity [Line Items]
Balance, amount	[1]			$ (82,102)	$ (68,432)
Redemptions of common stock (in shares)				(29,156,000)	(11,666,000)	(9,985,000)
Balance, amount	[1]			$ (212,886)	$ (82,102)	$ (68,432)
[1]	Dollar amounts presented in this table represent the gross amount of proceeds from the sale of common shares, or the amount paid to stockholders to redeem or repurchase common shares, and do not include other costs and expenses accounted for within additional paid-in capital, such as selling commissions, dealer manager and distribution fees, offering and organizational costs, and other costs associated with our distribution reinvestment plans, share redemption programs, and self-tender offers.

Stockholders' Equity (Total Dis

Stockholders' Equity (Total Distributions Declared and Portion of Each Contribution Paid in Cash and Reinvested) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Stockholders' Equity [Abstract]
Paid in cash	$ 41,968	$ 41,381	$ 41,123
Reinvested in shares	21,177	20,855	21,207
Total distributions	$ 63,145	$ 62,236	$ 62,330
Paid in cash	66.50%	66.50%	66.00%
Reinvested in shares	33.50%	33.50%	34.00%
Total	100.00%	100.00%	100.00%

Stockholders' Equity (Distribut

Stockholders' Equity (Distributions Paid and/or Authorized) (Details) - $ / shares		3 Months Ended
		Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014
Dividends [Line Items]
Distributions declared per common share	[1]	$ 0.0894	$ 0.0895	$ 0.0896	$ 0.0897	$ 0.0872	$ 0.0872	$ 0.0873	$ 0.0874
Payment Date		Jan. 19, 2016	Oct. 16, 2015	Jul. 2, 2015	Apr. 16, 2015	Jan. 16, 2015	Oct. 16, 2014	Jul. 16, 2014	Apr. 16, 2014
1st Quarter 2016 [Member]
Dividends [Line Items]
Distributions declared per common share	[1],[2]	$ 0.0900
Payment Date	[2],[3]	Apr. 18, 2016
Class E [Member]
Dividends [Line Items]
Distributions declared per common share	[1]	$ 0.0900	$ 0.0900	$ 0.0900	$ 0.0900	$ 0.0875	$ 0.0875	$ 0.0875	$ 0.0875
Class E [Member] | 1st Quarter 2016 [Member]
Dividends [Line Items]
Distributions declared per common share	[1],[2]	0.0900
Class A [Member]
Dividends [Line Items]
Distributions declared per common share	[1]	0.0694	0.0695	0.0700	0.0705	0.0677	0.0680	0.0684	0.0687
Class A [Member] | 1st Quarter 2016 [Member]
Dividends [Line Items]
Distributions declared per common share	[1],[2]	0.0900
Class W [Member]
Dividends [Line Items]
Distributions declared per common share	[1]	0.0788	0.0788	0.0791	0.0794	0.0767	0.0769	0.0771	0.0772
Class W [Member] | 1st Quarter 2016 [Member]
Dividends [Line Items]
Distributions declared per common share	[1],[2]	0.0900
Class I [Member]
Dividends [Line Items]
Distributions declared per common share	[1]	0.0881	$ 0.0881	$ 0.0882	$ 0.0882	$ 0.0857	$ 0.0857	$ 0.0858	$ 0.0858
Class I [Member] | 1st Quarter 2016 [Member]
Dividends [Line Items]
Distributions declared per common share	[1],[2]	$ 0.0900
[1]	Assumes ownership of share or unit for the entire quarter.
[2]	The distribution amount herein for the first quarter of 2016 does not reflect class-specific adjustments made to our Class A, Class W, and Class I shares, which have not yet been determined.
[3]	Expected payment date.

Stockholders' Equity (Summary o

Stockholders' Equity (Summary of Information Regarding Taxability of Distributions on Common Shares) (Details)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Stockholders' Equity [Abstract]
Ordinary income	81.01%	63.92%	40.98%
Non-taxable return of capital	18.99%	36.08%	59.02%
Total	100.00%	100.00%	100.00%

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details)		Jun. 25, 2015shares	Jun. 25, 2014shares	Jan. 02, 2014shares	Dec. 31, 2015USD ($)$ / sharesemployeeshares	Dec. 31, 2014USD ($)shares	Dec. 31, 2013USD ($)shares	Mar. 27, 2013$ / sharesshares	Dec. 31, 2012shares
Related Party Transaction [Line Items]
Number of advisor employees serving as directors and officers | employee					2
Advisory Agreement Contract Renewal Term					1 year
Primary dealer fee accrual, percentage					0.00315%
Maximum primary dealer fee as percentage of gross proceeds from sale of class I shares					5.00%
Component of Advisory fee as a percent of Operating Partnership NAV					1.15%
Component of Advisory fee as a percent of the overall return					25.00%
Percentage of return not payable to the Advisor					6.00%
Maximum annual Advisory fee performance condition as a percentage of the overall return					10.00%
Class E Dealer Manager fee portion waived under NAV per share threshold | $ / shares					$ 10
Advisor development management fee					4.00%
Maximum Advisor real property disposition fee as a percentage of the sales price of real property assets					1.00%
Maximum percentage of reasonable customary and commission payable to Advisor upon disposition of a property					50.00%
Fee payable to the Advisor as a percentage of the sales price of real property assets					1.00%
Maximum commissions payable as a percent of the sales price of the property sold					6.00%
Maximum Advisor reimbursement of cumulative organization and offering costs as a percentage of gross proceeds from the Offering					15.00%
Class A Dealer Manager selling commission					3.00%
Class A distribution fee					0.50%
Class A and Class W Dealer Manager fee					0.60%
Dealer management fee daily acrual, percentage					0.0274%
Class I Dealer Manager fee					0.10%
Total gross proceeds raised from sale of class I shares					$ 80,609,000	$ 74,916,000	$ 30,917,000
Percentage of gross proceeds retained by dealer manager					0.50%
Maximum Dealer Manager and Distribution fees as a percent of gross proceeds from NAV Offering					10.00%
Common stock, shares issued | shares					164,124,057	178,399,679
Related party transaction expense					$ 34,544,000	$ 29,575,000	$ 25,675,000
Class I [Member]
Related Party Transaction [Line Items]
Common stock, shares issued | shares					23,334,275	13,027,931	4,327,000		12,000
Follow-On Offering [Member]
Related Party Transaction [Line Items]
Total gross proceeds raised from sale of class I shares					$ 100,000,000
Primary Dealer Fee [Member]
Related Party Transaction [Line Items]
Total gross proceeds raised from sale of class I shares					50,800,000	$ 43,900,000	$ 27,100,000
Related party transaction expense	[1]				2,540,000	2,197,000	1,358,000
Advisory Fees [Member]
Related Party Transaction [Line Items]
Related party transaction expense	[2]				17,083,000	15,919,000	15,120,000
BCG TRT Advisors LLC [Member]
Related Party Transaction [Line Items]
Asset management fee					$ 24,000	35,000	$ 58,000
Director [Member] | Class I [Member]
Related Party Transaction [Line Items]
Common stock, shares issued | shares								36,822
Share price | $ / shares								$ 6.79
Director [Member] | Class I [Member] | Restricted Stock Units (RSUs) [Member]
Related Party Transaction [Line Items]
Restricted stock units granted | shares		4,116	4,460	2,112
Company Advisor [Member] | Class I [Member]
Related Party Transaction [Line Items]
Advisor agreement termination, notification period					30 days
Advisor agreement termination, transaction close period					60 days
Company Advisor [Member] | Class I [Member] | Restricted Stock Units (RSUs) [Member]
Related Party Transaction [Line Items]
Restricted stock units granted | shares					717,722
Restricted stock units unvested and unsettled | shares					441,000
Weighted average grant-date NAV | $ / shares					$ 7.06
Common stock, shares issued | shares					38,000
Offset period					12 months
Related party transaction expense					$ 1,100,000	$ 653,000
Nonvested awards not yet recognized					$ 3,300,000
Company Advisor [Member] | Advisory Fees [Member] | Class I [Member] | Restricted Stock Units (RSUs) [Member]
Related Party Transaction [Line Items]
Common stock, shares issued | shares					153,000	123,000
Related party transaction expense					$ 1,100,000	$ 653,000
Chief Executive Officer [Member] | Class I [Member]
Related Party Transaction [Line Items]
Common stock, shares issued | shares					36,822
Share price | $ / shares								$ 6.79
Maximum [Member]
Related Party Transaction [Line Items]
Total gross proceeds raised from sale of class I shares					$ 300,000,000
Maximum [Member] | Primary Dealer Fee [Member]
Related Party Transaction [Line Items]
Related party transaction expense					$ 5,000,000
[1]	Amounts reported represent primary dealer fees we paid to our Dealer Manager based on the gross proceeds raised by participating broker-dealers pursuant to certain selected dealer agreements. Of the primary dealer fee earned during the years ended December 31, 2015, 2014, and 2013, our Dealer Manager reallowed approximately $2.3 million, $2.0 million, and $1.2 million, respectively, to participating third-party broker-dealers and retained approximately $254,000, $220,000, and $136,000, respectively.
[2]	Amounts reported for the years ended December 31, 2015 and 2014 include approximately $1.1 million and approximately $653,000, respectively, that we were not obligated to pay in consideration of the issuance of Company RSUs to our Advisor.

Related Party Transactions (Sch

Related Party Transactions (Schedule Of RSU Grants) (Details) - Class I [Member] - Restricted Stock Units (RSUs) [Member] - Company Advisor [Member] shares in Thousands	Dec. 31, 2015$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Shares | shares	441
Grant date NAV per share | $ / shares	$ 7.06
April 7, 2014 Grant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Shares | shares	247
Grant date NAV per share | $ / shares	$ 6.96
February 25, 2015 Grant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Shares | shares	59
Grant date NAV per share | $ / shares	$ 7.18
February 25, 2015 Grant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Shares | shares	135
Grant date NAV per share | $ / shares	$ 7.18

Related Party Transactions (Sum

Related Party Transactions (Summary of Fees and Other Amounts Earned by Advisor and Its Related Parties) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Related party transaction expense		$ 34,544,000	$ 29,575,000	$ 25,675,000
Advisory Fees [Member]
Related Party Transaction [Line Items]
Related party transaction expense	[1]	17,083,000	15,919,000	15,120,000
Other Reimbursements Paid to our Advisor [Member]
Related Party Transaction [Line Items]
Related party transaction expense	[2]	9,008,000	8,287,000	6,278,000
Other Reimbursements Paid to our Dealer Manager [Member]
Related Party Transaction [Line Items]
Related party transaction expense		441,000	591,000
Advisory Fees Related to the Disposition Of Real Properties [Member]
Related Party Transaction [Line Items]
Related party transaction expense		4,962,000	2,064,000	2,639,000
Development Management Fee [Member]
Related Party Transaction [Line Items]
Related party transaction expense		88,000	181,000	223,000
Primary Dealer Fee [Member]
Related Party Transaction [Line Items]
Related party transaction expense	[3]	2,540,000	2,197,000	1,358,000
Selling Commissions, Dealer Manager, and Distribution Fees [Member]
Related Party Transaction [Line Items]
Related party transaction expense		422,000	336,000	57,000
Dealer Manager
Related Party Transaction [Line Items]
Related party transaction expense		254,000	220,000	136,000
Reallowed amount to third-party brokers		2,300,000	2,000,000	$ 1,200,000
Maximum [Member] | Primary Dealer Fee [Member]
Related Party Transaction [Line Items]
Related party transaction expense		5,000,000
Company Advisor [Member] | Restricted Stock Units (RSUs) [Member] | Class I [Member]
Related Party Transaction [Line Items]
Related party transaction expense		1,100,000	653,000
Company Advisor [Member] | Restricted Stock Units (RSUs) [Member] | Class I [Member] | Advisory Fees [Member]
Related Party Transaction [Line Items]
Related party transaction expense		$ 1,100,000	$ 653,000
[1]	Amounts reported for the years ended December 31, 2015 and 2014 include approximately $1.1 million and approximately $653,000, respectively, that we were not obligated to pay in consideration of the issuance of Company RSUs to our Advisor.
[2]	Other reimbursements paid to our Advisor primarily comprise salary, bonus, and overhead reimbursements.
[3]	Amounts reported represent primary dealer fees we paid to our Dealer Manager based on the gross proceeds raised by participating broker-dealers pursuant to certain selected dealer agreements. Of the primary dealer fee earned during the years ended December 31, 2015, 2014, and 2013, our Dealer Manager reallowed approximately $2.3 million, $2.0 million, and $1.2 million, respectively, to participating third-party broker-dealers and retained approximately $254,000, $220,000, and $136,000, respectively.

Net Income (Loss) Per Common 82

Net Income (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014		Dec. 31, 2013
Numerator
Income (loss) from continuing operations	$ 776	$ (1,425)	$ 107	$ 132,201	$ 5,700	$ (7,519)	$ 3,674	$ 2,131	$ 131,659	$ 3,990		$ (9,084)
(Income) loss from continuing operations attributable to noncontrolling interests									(7,404)	(340)		558
Income (loss) from continuing operations attributable to common stockholders									124,255	3,650		(8,526)
Dilutive noncontrolling interests share of income (loss) from continuing operations									8,632	233		(652)
Numerator for diluted earnings per share - adjusted income (loss) from continuing operations									$ 132,887	3,883		(9,178)
Income from discontinued operations						$ 5	$ 142	$ 29,857		30,004	[1]	65,554	[1]
Income from discontinued operations attributable to noncontrolling interests										(4,462)		(4,560)
Income from discontinued operations attributable to common stockholders										25,542		60,994
Dilutive noncontrolling interests share of discontinued operations										1,915		4,662
Numerator for diluted earnings per share - adjusted income from discontinued operations										$ 27,457		$ 65,656
Denominator
Weighted average shares outstanding-basic									175,938	178,273		178,196
Incremental weighted average shares effect of conversion of OP Units									12,851	12,718		13,736
Weighted average shares outstanding-diluted									188,789	190,991		191,932
INCOME (LOSS) PER COMMON SHARE-BASIC AND DILUTED
Net income (loss) from continuing operations	$ 0.01	$ 0	$ 0	$ 0.69	$ 0.03	$ (0.04)	$ 0.02	$ 0.01	$ 0.70	$ 0.02		$ (0.05)
Net income from discontinued operations						0	0	0.14		0.14		0.34
Net income	$ 0.01	$ 0	$ 0	$ 0.69	$ 0.03	$ (0.04)	$ 0.02	$ 0.15	$ 0.70	$ 0.16		$ 0.29
[1]	Includes approximately $1.6 million and $2.6 million paid to our Advisor for fees associated with the disposition of real properties during the years ended December 31, 2014 and 2013, respectively.

Segment Information (Revenue an

Segment Information (Revenue and Components of Net Operating Income) (Details) $ in Thousands		3 Months Ended								12 Months Ended
		Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2015USD ($)segment	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment										4
Aggregate revenues		$ 56,298	$ 53,661	$ 52,659	$ 62,582	$ 59,093	$ 58,591	$ 56,840	$ 57,073	$ 225,200	$ 231,597	$ 217,777
NOI										$ 165,610	180,600	174,105
Real Property [Member]
Segment Reporting Information [Line Items]
Number of operating segments | segment										3
Debt Related Investments [Member]
Segment Reporting Information [Line Items]
Number of operating segments | segment										1
Operating Segments [Member]
Segment Reporting Information [Line Items]
Aggregate revenues										$ 225,200	231,597	217,777
NOI										165,610	180,600	174,105
Operating Segments [Member] | Real Property [Member] | Office [Member]
Segment Reporting Information [Line Items]
Aggregate revenues	[1]									137,204	139,245	123,838
NOI	[1]									97,441	104,533	95,618
Operating Segments [Member] | Real Property [Member] | Industrial Property
Segment Reporting Information [Line Items]
Aggregate revenues	[1]									8,672	23,307	26,108
NOI	[1]									6,755	20,780	23,893
Operating Segments [Member] | Real Property [Member] | Retail [Member]
Segment Reporting Information [Line Items]
Aggregate revenues	[1]									72,402	61,649	57,382
NOI	[1]									54,492	47,891	44,145
Operating Segments [Member] | Debt Related Investments [Member]
Segment Reporting Information [Line Items]
Aggregate revenues										6,922	7,396	10,449
NOI										$ 6,922	$ 7,396	$ 10,449
[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) (Details) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014		Dec. 31, 2013
Reconciliation of net operating income attributable to common shareholders
Net operating income										$ 165,610	$ 180,600		$ 174,105
Real estate depreciation and amortization expense										(83,114)	(88,994)		(87,174)
General and administrative expenses	[1]									(10,720)	(11,108)		(9,774)
Advisory fees, related party										(17,083)	(15,919)		(15,120)
Acquisition-related expenses										(2,644)	(1,205)		(536)
Impairment of real estate property	[2]									(8,124)	(9,500)		(2,600)
Interest and other income (expense)										2,192	1,168		(153)
Interest expense										(47,508)	(61,903)		(65,325)
Loss on extinguishment of debt and financing commitments										(1,168)	(63)		(2,507)
Gain on sale of real property	[3]									$ 134,218	10,914
Discontinued operations							$ 5	$ 142	$ 29,857		30,004	[4]	65,554	[4]
Net income attributable to noncontrolling interests		$ (46)	$ 1,297	$ (37)	$ (8,618)	$ (397)	475	(330)	(4,550)	$ (7,404)	(4,802)		(4,002)
Net income attributable to common stockholders		$ 730	$ (128)	$ 70	$ 123,583	$ 5,303	$ (7,039)	$ 3,486	$ 27,438	$ 124,255	$ 29,192		$ 52,468
[1]	Includes approximately $7.1 million, $6.8 million and $4.7 million paid to our Advisor and its affiliates for reimbursable expenses during the years ended December 31, 2015, 2014, and 2013, respectively.
[2]	Includes approximately $125,000 paid to our Advisor for advisory fees associated with the disposition of real properties during the year ended December 31, 2015.
[3]	Includes approximately $4.8 million and $419,000 paid to our Advisor for advisory fees associated with the disposition of real properties during the years ended December 31, 2015 and 2014, respectively.
[4]	Includes approximately $1.6 million and $2.6 million paid to our Advisor for fees associated with the disposition of real properties during the years ended December 31, 2014 and 2013, respectively.

Segment Information (Schedule o

Segment Information (Schedule of Total Assets by Business Segment) (Details) - USD ($) $ in Thousands		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Segment assets:
Net investments in real property	[1]	$ 1,874,217	$ 1,929,426
Debt related investments, net		15,722	94,951	$ 123,935
Non-segment assets:
Cash and cash equivalents		15,769	14,461	$ 24,778	$ 36,872
Other non-segment assets	[2]	61,500	87,368
Assets held for sale	[3]		21,927
Total Assets		1,967,208	2,148,133
Operating Segments [Member]
Non-segment assets:
Total Assets		1,889,939	2,024,377
Real Property [Member] | Office [Member] | Held For Sale [Member]
Segment assets:
Net investments in real property			20,300
Real Property [Member] | Office [Member] | Operating Segments [Member]
Segment assets:
Net investments in real property	[4]	1,027,132	1,069,584
Real Property [Member] | Industrial Property | Operating Segments [Member]
Segment assets:
Net investments in real property		61,231	207,655
Real Property [Member] | Retail [Member] | Operating Segments [Member]
Segment assets:
Net investments in real property		785,854	652,187
Debt Related Investments [Member] | Operating Segments [Member]
Segment assets:
Debt related investments, net		$ 15,722	$ 94,951
[1]	Includes approximately $76.9 million and $82.7 million, after accumulated depreciation and amortization, in consolidated real property variable interest entity investments as of December 31, 2015 and 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 December 31, 2014.
[4]	Excludes 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.

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Tax Contingency [Line Items]
Percentage of REIT taxable income distributed annually	100.00%
Gross deferred tax assets	$ 4.4	$ 4.4
Earliest Tax Year [Member]
Income Tax Contingency [Line Items]
Tax years open to examination	2,012
Latest Tax Year [Member]
Income Tax Contingency [Line Items]
Tax years open to examination	2,014
Minimum [Member]
Income Tax Contingency [Line Items]
Percentage of REIT taxable income distributed annually	90.00%

Quarterly Financial Data (Detai

Quarterly Financial Data (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014		Dec. 31, 2013
Quarterly Financial Data [Abstract]
Rental revenue	$ 54,970	$ 52,854	$ 51,075	$ 59,379	$ 57,268	$ 56,793	$ 55,080	$ 55,060	$ 218,278	$ 224,201		$ 207,328
Debt related income	1,328	807	1,584	3,203	1,825	1,798	1,760	2,013	6,922	7,396		10,449
Total revenue	56,298	53,661	52,659	62,582	59,093	58,591	56,840	57,073	225,200	231,597		217,777
Total operating expenses	(45,898)	(49,406)	(41,168)	(44,803)	(42,971)	(51,258)	(41,239)	(42,259)	(181,275)	(177,723)		(158,876)
Other income (expenses)	(9,624)	(5,680)	(11,384)	114,422	(10,422)	(14,852)	(11,927)	(12,683)	87,734	(49,884)
Income (loss) from continuing operations	$ 776	$ (1,425)	$ 107	$ 132,201	5,700	(7,519)	3,674	2,131	$ 131,659	3,990		(9,084)
Discontinued operations						5	142	29,857		30,004	[1]	65,554	[1]
Net income (loss)	$ 776	$ (1,425)	$ 107	$ 132,201	5,700	(7,514)	3,816	31,988	$ 131,659	33,994		56,470
Net (income) loss attributable to noncontrolling interests	(46)	1,297	(37)	(8,618)	(397)	475	(330)	(4,550)	(7,404)	(4,802)		(4,002)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ 730	$ (128)	$ 70	$ 123,583	$ 5,303	$ (7,039)	$ 3,486	$ 27,438	$ 124,255	$ 29,192		$ 52,468
Net income (loss) per basic and diluted common share:
Continuing operations	$ 0.01	$ 0	$ 0	$ 0.69	$ 0.03	$ (0.04)	$ 0.02	$ 0.01	$ 0.70	$ 0.02		$ (0.05)
Discontinued operations						0	0	0.14		0.14		0.34
NET INCOME (LOSS) PER BASIC AND DILUTED COMMON SHARE	$ 0.01	$ 0	$ 0	$ 0.69	$ 0.03	$ (0.04)	$ 0.02	$ 0.15	$ 0.70	$ 0.16		$ 0.29
[1]	Includes approximately $1.6 million and $2.6 million paid to our Advisor for fees associated with the disposition of real properties during the years ended December 31, 2014 and 2013, respectively.

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) $ / shares in Units, ft² in Thousands, $ in Thousands, shares in Millions		Mar. 02, 2016USD ($)itemtrustproperty	Dec. 23, 2015USD ($)$ / sharesshares	Aug. 12, 2015USD ($)$ / sharesshares	Mar. 11, 2015USD ($)ft²	Dec. 31, 2015USD ($)ft²	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2009USD ($)	Dec. 31, 2015USD ($)ft²shares
Subsequent Event [Line Items]
Gross proceeds from private placement offerings									$ 183,100
Units acquired | shares										17.7
Advisor development management fee						4.00%				4.00%
Shares repurchased, value						$ 213,796	$ 82,236	$ 68,531
Principal collections on debt related investments						64,769	24,052	29,018
Proceeds from disposition of real property						359,817	105,322	133,485
Maturity date					Jul. 1, 2020
Gross sales price					$ 398,600	$ 496,236	230,459	389,266
Mortgage loans, interest rate					5.46%	6.40%
Rentable square feet | ft²					2,700	2,660				2,660
Net investments in real property	[1]					$ 1,874,217	1,929,426			$ 1,874,217
Capital expenditures						$ 26,204	$ 14,944	25,436
Class E [Member]
Subsequent Event [Line Items]
Share price | $ / shares			$ 7.39	$ 7.25
Shares repurchased | shares			2.7	17.2
Shares repurchased, value			$ 20,100	$ 124,400
Office Property (2); Denver, CO [Member]
Subsequent Event [Line Items]
Gross sales price								$ 71,000
Subsequent Event
Subsequent Event [Line Items]
Private placement, offering expense mark-up, percent of gross equity proceeds		1.50%
Private placement, real estate transaction costs, percent of gross equity proceeds		1.00%
Advisor agreement fee, daily accrual percentage of aggregate net asset value		1.15%
Subsequent Event | Maximum [Member]
Subsequent Event [Line Items]
Private placement, purchase price mark-up, percent of gross equity proceeds		8.00%
Subsequent Event | Minimum [Member]
Subsequent Event [Line Items]
Private placement, Number of real property interests | property		1
Private placement, Number of statutory trusts | trust		1
Subsequent Event | Class E [Member]
Subsequent Event [Line Items]
Number of operating unit classes | item		2
Redemption fee, payable to manager		1.50%
Subsequent Event | Dividend Capital Exchange LLC ("DCX") [Member]
Subsequent Event [Line Items]
Private placement, amount of interests placed with dealer		$ 500,000
Private placement, dealer fee, percent of gross equity proceeds		1.50%
Private placement, commission, percent of gross equity proceeds		5.00%
Private placement, Interests intended to be held by third parties		100.00%
Asset management fee as percent of gross rents payable		1.00%
Management fee upon disposition, percent of gross sale price		1.00%
Management loan fee, percent of financing arranged		1.00%
Subsequent Event | Leaseback Ralated To Private Placement [Member] | Maximum [Member]
Subsequent Event [Line Items]
Lease term		29 years
[1]	Includes approximately $76.9 million and $82.7 million, after accumulated depreciation and amortization, in consolidated real property variable interest entity investments as of December 31, 2015 and 2014, respectively.

Schedule III - Real Estate an89

Schedule III - Real Estate and Accumulated Depreciation (Details) $ in Thousands		12 Months Ended
		Dec. 31, 2015USD ($)property		Dec. 31, 2014USD ($)		Dec. 31, 2013USD ($)		Dec. 31, 2012USD ($)
Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings | property		93
Encumbrances	[1]	$ 588,849
Initial Cost to Company, Land	[2]	484,885
Initial Cost to Company, Building & Improvements	[2]	1,830,014
Initial Cost to Company, Total		2,314,899
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	65,275
Gross Amount Carried, Land	[3]	474,222
Gross Amount Carried, Building and Improvements	[2]	1,905,952
Real Estate, Gross, Total Cost		2,380,174	[3],[4],[5]	$ 2,472,926	[4]	$ 2,570,480	[4]	$ 2,819,550
Accumulated Depreciation		505,957	[3]	$ 523,246		$ 502,847		$ 482,782
Aggregate cost of investments in real property for federal income tax purposes		$ 2,100,000
Real Estate Property Fifty Seven [Member]
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		6
Initial Cost to Company, Land	[2]	$ 9,936
Initial Cost to Company, Building & Improvements	[2]	27,552
Initial Cost to Company, Total		37,488
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	(242)
Gross Amount Carried, Land	[3]	9,936
Gross Amount Carried, Building and Improvements	[2]	27,310
Real Estate, Gross, Total Cost	[3],[5]	37,246
Accumulated Depreciation	[3]	$ 1,406
Acquisition Date		Mar. 18, 2015
Real Estate Property Fifty Eight [Member]
Real Estate and Accumulated Depreciation [Line Items]
Market		South Florida
Number of Buildings | property		3
Encumbrances	[1]	$ 10,834
Initial Cost to Company, Land	[2]	10,501
Initial Cost to Company, Building & Improvements	[2]	27,397
Initial Cost to Company, Total		37,898
Gross Amount Carried, Land	[3]	10,501
Gross Amount Carried, Building and Improvements	[2]	27,397
Real Estate, Gross, Total Cost	[3],[5]	37,898
Accumulated Depreciation	[3]	$ 794
Acquisition Date		Aug. 6, 2015
Real Estate Property Fifty Nine [Member]
Real Estate and Accumulated Depreciation [Line Items]
Market		Northern New Jersey
Number of Buildings | property		4
Initial Cost to Company, Land	[2]	$ 7,376
Initial Cost to Company, Building & Improvements	[2]	51,155
Initial Cost to Company, Total		58,531
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	(47)
Gross Amount Carried, Land	[3]	7,376
Gross Amount Carried, Building and Improvements	[2]	51,108
Real Estate, Gross, Total Cost	[3],[5]	58,484
Accumulated Depreciation	[3]	$ 821
Acquisition Date		Oct. 8, 2015
Real Estate Property Sixty [Member]
Real Estate and Accumulated Depreciation [Line Items]
Market		Tulsa, OK
Number of Buildings | property		4
Initial Cost to Company, Land	[2]	$ 3,492
Initial Cost to Company, Building & Improvements	[2]	30,655
Initial Cost to Company, Total		34,147
Gross Amount Carried, Land	[3]	3,492
Gross Amount Carried, Building and Improvements	[2]	30,655
Real Estate, Gross, Total Cost	[3],[5]	$ 34,147
Acquisition Date		Dec. 9, 2015
Office [Member]
Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings | property		36
Encumbrances	[1]	$ 285,113
Initial Cost to Company, Land	[2]	214,300
Initial Cost to Company, Building & Improvements	[2]	1,083,031
Initial Cost to Company, Total		1,297,331
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	50,842
Gross Amount Carried, Land	[3]	203,889
Gross Amount Carried, Building and Improvements	[2]	1,144,284
Real Estate, Gross, Total Cost	[3],[5]	1,348,173
Accumulated Depreciation	[3]	$ 321,039
Office [Member] | Real Estate Property One
Real Estate and Accumulated Depreciation [Line Items]
Market		Silicon Valley, CA
Number of Buildings | property		3
Encumbrances	[1]	$ 23,500
Initial Cost to Company, Land	[2]	13,859
Initial Cost to Company, Building & Improvements	[2]	21,974
Initial Cost to Company, Total		35,833
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	6,079
Gross Amount Carried, Land	[3]	13,859
Gross Amount Carried, Building and Improvements	[2]	28,053
Real Estate, Gross, Total Cost	[3],[5]	41,912
Accumulated Depreciation	[3]	$ 9,412
Acquisition Date		Jun. 28, 2006
Office [Member] | Real Estate Property Two
Real Estate and Accumulated Depreciation [Line Items]
Market		Philadelphia, PA
Number of Buildings | property		1
Encumbrances	[1]	$ 24,000
Initial Cost to Company, Land	[2]	10,115
Initial Cost to Company, Building & Improvements	[2]	27,516
Initial Cost to Company, Total		37,631
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	5,851
Gross Amount Carried, Land	[3]	10,115
Gross Amount Carried, Building and Improvements	[2]	33,367
Real Estate, Gross, Total Cost	[3],[5]	43,482
Accumulated Depreciation	[3]	$ 12,584
Acquisition Date		Aug. 28, 2006
Office [Member] | Real Estate Property Three
Real Estate and Accumulated Depreciation [Line Items]
Market		Chicago, IL
Number of Buildings | property		1
Encumbrances	[1]	$ 7,890
Initial Cost to Company, Land	[2]	2,611
Initial Cost to Company, Building & Improvements	[2]	7,797
Initial Cost to Company, Total		10,408
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	6,210
Gross Amount Carried, Land	[3]	2,611
Gross Amount Carried, Building and Improvements	[2]	14,007
Real Estate, Gross, Total Cost	[3],[5]	16,618
Accumulated Depreciation	[3]	$ 7,112
Acquisition Date		Jan. 24, 2007
Office [Member] | Real Estate Property Four
Real Estate and Accumulated Depreciation [Line Items]
Market		Chicago, IL
Number of Buildings | property		10
Encumbrances	[1]	$ 21,300
Initial Cost to Company, Land	[2]	9,019
Initial Cost to Company, Building & Improvements	[2]	16,622
Initial Cost to Company, Total		25,641
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	1,485
Gross Amount Carried, Land	[3]	6,302
Gross Amount Carried, Building and Improvements	[2]	20,824
Real Estate, Gross, Total Cost	[3],[5]	27,126
Accumulated Depreciation	[3]	$ 10,150
Acquisition Date		Feb. 1, 2007
Office [Member] | Real Estate Property Five
Real Estate and Accumulated Depreciation [Line Items]
Market		Fayetteville, AR
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 2,699
Initial Cost to Company, Building & Improvements	[2]	8,996
Initial Cost to Company, Total		11,695
Gross Amount Carried, Land	[3]	2,699
Gross Amount Carried, Building and Improvements	[2]	8,996
Real Estate, Gross, Total Cost	[3],[5]	11,695
Accumulated Depreciation	[3]	$ 2,889
Acquisition Date		Sep. 28, 2007
Office [Member] | Real Estate Property Six
Real Estate and Accumulated Depreciation [Line Items]
Market		Minneapolis/St Paul, MN
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 3,538
Initial Cost to Company, Building & Improvements	[2]	25,865
Initial Cost to Company, Total		29,403
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	112
Gross Amount Carried, Land	[3]	3,538
Gross Amount Carried, Building and Improvements	[2]	25,977
Real Estate, Gross, Total Cost	[3],[5]	29,515
Accumulated Depreciation	[3]	$ 6,790
Acquisition Date		Oct. 3, 2008
Office [Member] | Real Estate Property Seven
Real Estate and Accumulated Depreciation [Line Items]
Market		Austin, TX
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 2,663
Initial Cost to Company, Building & Improvements	[2]	42,315
Initial Cost to Company, Total		44,978
Gross Amount Carried, Land	[3]	2,663
Gross Amount Carried, Building and Improvements	[2]	42,315
Real Estate, Gross, Total Cost	[3],[5]	44,978
Accumulated Depreciation	[3]	$ 11,351
Acquisition Date		Dec. 23, 2008
Office [Member] | Real Estate Property Eight
Real Estate and Accumulated Depreciation [Line Items]
Market		Washington, DC
Number of Buildings | property		1
Encumbrances	[1]	$ 45,041
Initial Cost to Company, Land	[2]	25,177
Initial Cost to Company, Building & Improvements	[2]	41,250
Initial Cost to Company, Total		66,427
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	2,783
Gross Amount Carried, Land	[3]	25,177
Gross Amount Carried, Building and Improvements	[2]	44,033
Real Estate, Gross, Total Cost	[3],[5]	69,210
Accumulated Depreciation	[3]	$ 18,930
Acquisition Date		Mar. 10, 2009
Office [Member] | Real Estate Property Nine
Real Estate and Accumulated Depreciation [Line Items]
Market		Princeton, NJ
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 5,302
Initial Cost to Company, Building & Improvements	[2]	45,773
Initial Cost to Company, Total		51,075
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	158
Gross Amount Carried, Land	[3]	5,302
Gross Amount Carried, Building and Improvements	[2]	45,931
Real Estate, Gross, Total Cost	[3],[5]	51,233
Accumulated Depreciation	[3]	$ 11,390
Acquisition Date		Nov. 3, 2009
Office [Member] | Real Estate Property Ten
Real Estate and Accumulated Depreciation [Line Items]
Market		Dallas, TX
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 7,500
Initial Cost to Company, Building & Improvements	[2]	22,303
Initial Cost to Company, Total		29,803
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	6,072
Gross Amount Carried, Land	[3]	7,500
Gross Amount Carried, Building and Improvements	[2]	28,375
Real Estate, Gross, Total Cost	[3],[5]	35,875
Accumulated Depreciation	[3]	$ 10,213
Acquisition Date		Dec. 16, 2009
Office [Member] | Real Estate Property Eleven
Real Estate and Accumulated Depreciation [Line Items]
Market		Northern New Jersey
Number of Buildings | property		1
Encumbrances	[1]	$ 107,248
Initial Cost to Company, Land	[2]	16,800
Initial Cost to Company, Building & Improvements	[2]	193,742
Initial Cost to Company, Total		210,542
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	14,004
Gross Amount Carried, Land	[3]	16,800
Gross Amount Carried, Building and Improvements	[2]	207,746
Real Estate, Gross, Total Cost	[3],[5]	224,546
Accumulated Depreciation	[3]	$ 66,422
Acquisition Date		Jun. 25, 2010
Office [Member] | Real Estate Property Twelve
Real Estate and Accumulated Depreciation [Line Items]
Market		Washington, DC
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 21,100
Initial Cost to Company, Building & Improvements	[2]	157,983
Initial Cost to Company, Total		179,083
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	(5)
Gross Amount Carried, Land	[3]	21,100
Gross Amount Carried, Building and Improvements	[2]	157,978
Real Estate, Gross, Total Cost	[3],[5]	179,078
Accumulated Depreciation	[3]	$ 60,520
Acquisition Date		Jun. 25, 2010
Office [Member] | Real Estate Property Thirteen
Real Estate and Accumulated Depreciation [Line Items]
Market		Washington, DC
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 2,700
Initial Cost to Company, Building & Improvements	[2]	31,915
Initial Cost to Company, Total		34,615
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	36
Gross Amount Carried, Land	[3]	2,700
Gross Amount Carried, Building and Improvements	[2]	31,951
Real Estate, Gross, Total Cost	[3],[5]	34,651
Accumulated Depreciation	[3]	$ 14,087
Acquisition Date		Jun. 25, 2010
Office [Member] | Real Estate Property Fourteen
Real Estate and Accumulated Depreciation [Line Items]
Market		East Bay, CA
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 8,400
Initial Cost to Company, Building & Improvements	[2]	136,797
Initial Cost to Company, Total		145,197
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	142
Gross Amount Carried, Land	[3]	8,400
Gross Amount Carried, Building and Improvements	[2]	136,939
Real Estate, Gross, Total Cost	[3],[5]	145,339
Accumulated Depreciation	[3]	$ 54,156
Acquisition Date		Jun. 25, 2010
Office [Member] | Real Estate Property Fifteen
Real Estate and Accumulated Depreciation [Line Items]
Market		San Francisco, CA
Number of Buildings | property		1
Encumbrances	[1]	$ 56,134
Initial Cost to Company, Land	[2]	40,327
Initial Cost to Company, Building & Improvements	[2]	73,961
Initial Cost to Company, Total		114,288
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	5,950
Gross Amount Carried, Land	[3]	32,633
Gross Amount Carried, Building and Improvements	[2]	87,605
Real Estate, Gross, Total Cost	[3],[5]	120,238
Accumulated Depreciation	[3]	$ 13,046
Acquisition Date		Nov. 7, 2013
Office [Member] | Real Estate Property Sixteen
Real Estate and Accumulated Depreciation [Line Items]
Market		Denver, CO
Number of Buildings | property		2
Initial Cost to Company, Land	[2]	$ 15,713
Initial Cost to Company, Building & Improvements	[2]	65,252
Initial Cost to Company, Total		80,965
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	1,142
Gross Amount Carried, Land	[3]	15,713
Gross Amount Carried, Building and Improvements	[2]	66,394
Real Estate, Gross, Total Cost	[3],[5]	82,107
Accumulated Depreciation	[3]	$ 5,922
Acquisition Date		Aug. 22, 2014
Office [Member] | Real Estate Property Seventeen
Real Estate and Accumulated Depreciation [Line Items]
Market		Austin, TX
Number of Buildings | property		2
Initial Cost to Company, Land	[2]	$ 5,094
Initial Cost to Company, Building & Improvements	[2]	32,652
Initial Cost to Company, Total		37,746
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	252
Gross Amount Carried, Land	[3]	5,094
Gross Amount Carried, Building and Improvements	[2]	32,904
Real Estate, Gross, Total Cost	[3],[5]	37,998
Accumulated Depreciation	[3]	$ 2,344
Acquisition Date		Jan. 15, 2015
Office [Member] | Real Estate Property Eighteen
Real Estate and Accumulated Depreciation [Line Items]
Market		Austin, TX
Number of Buildings | property		2
Initial Cost to Company, Land	[2]	$ 4,606
Initial Cost to Company, Building & Improvements	[2]	65,250
Initial Cost to Company, Total		69,856
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	587
Gross Amount Carried, Land	[3]	4,606
Gross Amount Carried, Building and Improvements	[2]	65,837
Real Estate, Gross, Total Cost	[3],[5]	70,443
Accumulated Depreciation	[3]	$ 2,415
Acquisition Date		Apr. 24, 2015
Office [Member] | Real Estate Property Nineteen
Real Estate and Accumulated Depreciation [Line Items]
Market		South Florida
Number of Buildings | property		3
Initial Cost to Company, Land	[2]	$ 12,047
Initial Cost to Company, Building & Improvements	[2]	34,151
Initial Cost to Company, Total		46,198
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	(16)
Gross Amount Carried, Land	[3]	12,047
Gross Amount Carried, Building and Improvements	[2]	34,135
Real Estate, Gross, Total Cost	[3],[5]	46,182
Accumulated Depreciation	[3]	$ 1,306
Acquisition Date		Aug. 6, 2015
Office [Member] | Real Estate Property Twenty
Real Estate and Accumulated Depreciation [Line Items]
Market		South Florida
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 5,030
Initial Cost to Company, Building & Improvements	[2]	30,917
Initial Cost to Company, Total		35,947
Gross Amount Carried, Land	[3]	5,030
Gross Amount Carried, Building and Improvements	[2]	30,917
Real Estate, Gross, Total Cost	[3],[5]	$ 35,947
Acquisition Date		Dec. 11, 2015
Office [Member] | Minimum [Member] | Real Estate Property One
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		3 years
Office [Member] | Minimum [Member] | Real Estate Property Two
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		2 years
Office [Member] | Minimum [Member] | Real Estate Property Three
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		3 years
Office [Member] | Minimum [Member] | Real Estate Property Four
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		1 year
Office [Member] | Minimum [Member] | Real Estate Property Five
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		10 years
Office [Member] | Minimum [Member] | Real Estate Property Six
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		5 years
Office [Member] | Minimum [Member] | Real Estate Property Seven
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		11 years
Office [Member] | Minimum [Member] | Real Estate Property Eight
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		5 years
Office [Member] | Minimum [Member] | Real Estate Property Nine
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		10 years
Office [Member] | Minimum [Member] | Real Estate Property Ten
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		3 years
Office [Member] | Minimum [Member] | Real Estate Property Eleven
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		3 years
Office [Member] | Minimum [Member] | Real Estate Property Twelve
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		7 years
Office [Member] | Minimum [Member] | Real Estate Property Thirteen
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		5 years
Office [Member] | Minimum [Member] | Real Estate Property Fourteen
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		7 years
Office [Member] | Minimum [Member] | Real Estate Property Fifteen
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		2 years
Office [Member] | Minimum [Member] | Real Estate Property Sixteen
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		1 year
Office [Member] | Minimum [Member] | Real Estate Property Seventeen
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		1 year
Office [Member] | Minimum [Member] | Real Estate Property Eighteen
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		1 year
Office [Member] | Minimum [Member] | Real Estate Property Nineteen
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		1 year
Office [Member] | Minimum [Member] | Real Estate Property Twenty
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		1 year
Office [Member] | Maximum [Member] | Real Estate Property One
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Office [Member] | Maximum [Member] | Real Estate Property Two
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Office [Member] | Maximum [Member] | Real Estate Property Three
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Office [Member] | Maximum [Member] | Real Estate Property Four
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Office [Member] | Maximum [Member] | Real Estate Property Five
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Office [Member] | Maximum [Member] | Real Estate Property Six
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Office [Member] | Maximum [Member] | Real Estate Property Seven
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Office [Member] | Maximum [Member] | Real Estate Property Eight
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Office [Member] | Maximum [Member] | Real Estate Property Nine
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Office [Member] | Maximum [Member] | Real Estate Property Ten
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Office [Member] | Maximum [Member] | Real Estate Property Eleven
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Office [Member] | Maximum [Member] | Real Estate Property Twelve
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Office [Member] | Maximum [Member] | Real Estate Property Thirteen
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Office [Member] | Maximum [Member] | Real Estate Property Fourteen
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Office [Member] | Maximum [Member] | Real Estate Property Fifteen
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Office [Member] | Maximum [Member] | Real Estate Property Sixteen
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Office [Member] | Maximum [Member] | Real Estate Property Seventeen
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Office [Member] | Maximum [Member] | Real Estate Property Eighteen
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Office [Member] | Maximum [Member] | Real Estate Property Nineteen
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Office [Member] | Maximum [Member] | Real Estate Property Twenty
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Industrial Property
Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings | property		8
Encumbrances	[1]	$ 22,700
Initial Cost to Company, Land		9,569
Initial Cost to Company, Building & Improvements	[2]	76,712
Initial Cost to Company, Total		86,281
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	5,034
Gross Amount Carried, Land		9,572
Gross Amount Carried, Building and Improvements	[2]	81,743
Real Estate, Gross, Total Cost	[3],[5]	91,315
Accumulated Depreciation	[3]	$ 30,083
Industrial Property | Real Estate Property Twenty One
Real Estate and Accumulated Depreciation [Line Items]
Market		Dallas, TX
Number of Buildings | property		3
Encumbrances	[1]	$ 22,700
Initial Cost to Company, Land		5,162
Initial Cost to Company, Building & Improvements	[2]	30,192
Initial Cost to Company, Total		35,354
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	392
Gross Amount Carried, Land		5,165
Gross Amount Carried, Building and Improvements	[2]	30,581
Real Estate, Gross, Total Cost	[3],[5]	35,746
Accumulated Depreciation	[3]	$ 11,244
Acquisition Date		Dec. 21, 2006
Industrial Property | Real Estate Property Twenty Two
Real Estate and Accumulated Depreciation [Line Items]
Market		Louisville, KY
Number of Buildings | property		1
Initial Cost to Company, Land		$ 751
Initial Cost to Company, Building & Improvements	[2]	4,131
Initial Cost to Company, Total		4,882
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	434
Gross Amount Carried, Land		751
Gross Amount Carried, Building and Improvements	[2]	4,565
Real Estate, Gross, Total Cost	[3],[5]	5,316
Accumulated Depreciation	[3]	$ 1,348
Acquisition Date		Sep. 17, 2008
Industrial Property | Real Estate Property Twenty Three
Real Estate and Accumulated Depreciation [Line Items]
Market		Louisville, KY
Number of Buildings | property		1
Initial Cost to Company, Land		$ 1,124
Initial Cost to Company, Building & Improvements	[2]	6,821
Initial Cost to Company, Total		7,945
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	778
Gross Amount Carried, Land		1,124
Gross Amount Carried, Building and Improvements	[2]	7,599
Real Estate, Gross, Total Cost	[3],[5]	8,723
Accumulated Depreciation	[3]	$ 2,535
Acquisition Date		Sep. 17, 2008
Industrial Property | Real Estate Property Twenty Four
Real Estate and Accumulated Depreciation [Line Items]
Market		Louisville, KY
Number of Buildings | property		1
Initial Cost to Company, Land		$ 672
Initial Cost to Company, Building & Improvements	[2]	3,862
Initial Cost to Company, Total		4,534
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	252
Gross Amount Carried, Land		672
Gross Amount Carried, Building and Improvements	[2]	4,114
Real Estate, Gross, Total Cost	[3],[5]	4,786
Accumulated Depreciation	[3]	$ 1,564
Acquisition Date		Sep. 17, 2008
Industrial Property | Real Estate Property Twenty Five
Real Estate and Accumulated Depreciation [Line Items]
Market		Louisville, KY
Number of Buildings | property		1
Initial Cost to Company, Land		$ 1,130
Initial Cost to Company, Building & Improvements	[2]	6,614
Initial Cost to Company, Total		7,744
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	703
Gross Amount Carried, Land		1,130
Gross Amount Carried, Building and Improvements	[2]	7,317
Real Estate, Gross, Total Cost	[3],[5]	8,447
Accumulated Depreciation	[3]	$ 2,352
Acquisition Date		Sep. 17, 2008
Industrial Property | Real Estate Property Twenty Six
Real Estate and Accumulated Depreciation [Line Items]
Market		Central Kentucky
Number of Buildings | property		1
Initial Cost to Company, Land		$ 730
Initial Cost to Company, Building & Improvements	[2]	25,092
Initial Cost to Company, Total		25,822
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	2,475
Gross Amount Carried, Land		730
Gross Amount Carried, Building and Improvements	[2]	27,567
Real Estate, Gross, Total Cost	[3],[5]	28,297
Accumulated Depreciation	[3]	$ 11,040
Acquisition Date		Jun. 25, 2010
Industrial Property | Minimum [Member] | Real Estate Property Twenty One
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		6 years
Industrial Property | Minimum [Member] | Real Estate Property Twenty Two
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		3 years
Industrial Property | Minimum [Member] | Real Estate Property Twenty Three
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		5 years
Industrial Property | Minimum [Member] | Real Estate Property Twenty Four
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		5 years
Industrial Property | Minimum [Member] | Real Estate Property Twenty Five
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		3 years
Industrial Property | Minimum [Member] | Real Estate Property Twenty Six
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		7 years
Industrial Property | Maximum [Member] | Real Estate Property Twenty One
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Industrial Property | Maximum [Member] | Real Estate Property Twenty Two
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Industrial Property | Maximum [Member] | Real Estate Property Twenty Three
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Industrial Property | Maximum [Member] | Real Estate Property Twenty Four
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Industrial Property | Maximum [Member] | Real Estate Property Twenty Five
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Industrial Property | Maximum [Member] | Real Estate Property Twenty Six
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member]
Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings | property		49
Encumbrances	[1]	$ 281,036
Initial Cost to Company, Land	[2]	261,016
Initial Cost to Company, Building & Improvements	[2]	670,271
Initial Cost to Company, Total		931,287
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	9,399
Gross Amount Carried, Land	[3]	260,761
Gross Amount Carried, Building and Improvements	[2]	679,925
Real Estate, Gross, Total Cost	[3],[5]	940,686
Accumulated Depreciation	[3]	$ 154,835
Retail [Member] | Real Estate Property Twenty Seven
Real Estate and Accumulated Depreciation [Line Items]
Market		San Antonio, TX
Number of Buildings | property		1
Encumbrances	[1]	$ 21,500
Initial Cost to Company, Land	[2]	8,221
Initial Cost to Company, Building & Improvements	[2]	23,472
Initial Cost to Company, Total		31,693
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	376
Gross Amount Carried, Land	[3]	8,221
Gross Amount Carried, Building and Improvements	[2]	23,848
Real Estate, Gross, Total Cost	[3],[5]	32,069
Accumulated Depreciation	[3]	$ 7,342
Acquisition Date		Feb. 1, 2007
Retail [Member] | Real Estate Property Twenty Eight
Real Estate and Accumulated Depreciation [Line Items]
Market		Raleigh, NC
Number of Buildings | property		1
Encumbrances	[1]	$ 26,200
Initial Cost to Company, Land	[2]	13,017
Initial Cost to Company, Building & Improvements	[2]	31,375
Initial Cost to Company, Total		44,392
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	1,161
Gross Amount Carried, Land	[3]	13,017
Gross Amount Carried, Building and Improvements	[2]	32,536
Real Estate, Gross, Total Cost	[3],[5]	45,553
Accumulated Depreciation	[3]	$ 9,338
Acquisition Date		May 11, 2007
Retail [Member] | Real Estate Property Twenty Nine
Real Estate and Accumulated Depreciation [Line Items]
Market		Philadelphia, PA
Number of Buildings | property		1
Encumbrances	[1]	$ 67,800
Initial Cost to Company, Land	[2]	26,488
Initial Cost to Company, Building & Improvements	[2]	76,838
Initial Cost to Company, Total		103,326
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	1,800
Gross Amount Carried, Land	[3]	26,488
Gross Amount Carried, Building and Improvements	[2]	78,638
Real Estate, Gross, Total Cost	[3],[5]	105,126
Accumulated Depreciation	[3]	$ 24,301
Acquisition Date		May 11, 2007
Retail [Member] | Real Estate Property Thirty
Real Estate and Accumulated Depreciation [Line Items]
Market		Jacksonville, FL
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 3,768
Initial Cost to Company, Building & Improvements	[2]	16,660
Initial Cost to Company, Total		20,428
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	(934)
Gross Amount Carried, Land	[3]	3,768
Gross Amount Carried, Building and Improvements	[2]	15,726
Real Estate, Gross, Total Cost	[3],[5]	19,494
Accumulated Depreciation	[3]	$ 4,009
Acquisition Date		Jun. 27, 2007
Retail [Member] | Real Estate Property Thirty One
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 9,270
Initial Cost to Company, Building & Improvements	[2]	31,266
Initial Cost to Company, Total		40,536
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	581
Gross Amount Carried, Land	[3]	9,270
Gross Amount Carried, Building and Improvements	[2]	31,847
Real Estate, Gross, Total Cost	[3],[5]	41,117
Accumulated Depreciation	[3]	$ 9,780
Acquisition Date		Aug. 1, 2007
Retail [Member] | Real Estate Property Thirty Two
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 4,590
Initial Cost to Company, Building & Improvements	[2]	14,724
Initial Cost to Company, Total		19,314
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	202
Gross Amount Carried, Land	[3]	4,590
Gross Amount Carried, Building and Improvements	[2]	14,926
Real Estate, Gross, Total Cost	[3],[5]	19,516
Accumulated Depreciation	[3]	$ 5,212
Acquisition Date		Aug. 1, 2007
Retail [Member] | Real Estate Property Thirty Three
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		1
Encumbrances	[1]	$ 10,574
Initial Cost to Company, Land	[2]	8,580
Initial Cost to Company, Building & Improvements	[2]	12,494
Initial Cost to Company, Total		21,074
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	1,178
Gross Amount Carried, Land	[3]	8,580
Gross Amount Carried, Building and Improvements	[2]	13,672
Real Estate, Gross, Total Cost	[3],[5]	22,252
Accumulated Depreciation	[3]	$ 4,824
Acquisition Date		Aug. 1, 2007
Retail [Member] | Real Estate Property Thirty Four
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 1,890
Initial Cost to Company, Building & Improvements	[2]	6,480
Initial Cost to Company, Total		8,370
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	379
Gross Amount Carried, Land	[3]	1,890
Gross Amount Carried, Building and Improvements	[2]	6,859
Real Estate, Gross, Total Cost	[3],[5]	8,749
Accumulated Depreciation	[3]	$ 2,269
Acquisition Date		Aug. 1, 2007
Retail [Member] | Real Estate Property Thirty Five
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 8,780
Initial Cost to Company, Building & Improvements	[2]	23,683
Initial Cost to Company, Total		32,463
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	473
Gross Amount Carried, Land	[3]	8,780
Gross Amount Carried, Building and Improvements	[2]	24,156
Real Estate, Gross, Total Cost	[3],[5]	32,936
Accumulated Depreciation	[3]	$ 7,062
Acquisition Date		Aug. 1, 2007
Retail [Member] | Real Estate Property Thirty Six
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		1
Encumbrances	[1]	$ 15,825
Initial Cost to Company, Land	[2]	7,380
Initial Cost to Company, Building & Improvements	[2]	25,778
Initial Cost to Company, Total		33,158
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	79
Gross Amount Carried, Land	[3]	7,380
Gross Amount Carried, Building and Improvements	[2]	25,857
Real Estate, Gross, Total Cost	[3],[5]	33,237
Accumulated Depreciation	[3]	$ 7,133
Acquisition Date		Aug. 1, 2007
Retail [Member] | Real Estate Property Thirty Seven
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		1
Encumbrances	[1]	$ 24,400
Initial Cost to Company, Land	[2]	13,130
Initial Cost to Company, Building & Improvements	[2]	27,030
Initial Cost to Company, Total		40,160
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	1,719
Gross Amount Carried, Land	[3]	13,130
Gross Amount Carried, Building and Improvements	[2]	28,749
Real Estate, Gross, Total Cost	[3],[5]	41,879
Accumulated Depreciation	[3]	$ 8,727
Acquisition Date		Aug. 1, 2007
Retail [Member] | Real Estate Property Thirty Eight
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 14,396
Initial Cost to Company, Building & Improvements	[2]	594
Initial Cost to Company, Total		14,990
Gross Amount Carried, Land	[3]	14,396
Gross Amount Carried, Building and Improvements	[2]	594
Real Estate, Gross, Total Cost	[3],[5]	14,990
Accumulated Depreciation	[3]	$ 594
Acquisition Date		Aug. 1, 2007
Depreciable Life (years)		0 years
Retail [Member] | Real Estate Property Thirty Nine
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 10,405
Initial Cost to Company, Building & Improvements	[2]	917
Initial Cost to Company, Total		11,322
Gross Amount Carried, Land	[3]	10,405
Gross Amount Carried, Building and Improvements	[2]	917
Real Estate, Gross, Total Cost	[3],[5]	11,322
Accumulated Depreciation	[3]	$ 419
Acquisition Date		Aug. 1, 2007
Retail [Member] | Real Estate Property Forty
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 5,340
Initial Cost to Company, Building & Improvements	[2]	16,490
Initial Cost to Company, Total		21,830
Gross Amount Carried, Land	[3]	5,340
Gross Amount Carried, Building and Improvements	[2]	16,490
Real Estate, Gross, Total Cost	[3],[5]	21,830
Accumulated Depreciation	[3]	$ 4,259
Acquisition Date		Aug. 1, 2007
Retail [Member] | Real Estate Property Forty One
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 6,560
Initial Cost to Company, Building & Improvements	[2]	22,014
Initial Cost to Company, Total		28,574
Gross Amount Carried, Land	[3]	6,560
Gross Amount Carried, Building and Improvements	[2]	22,014
Real Estate, Gross, Total Cost	[3],[5]	28,574
Accumulated Depreciation	[3]	$ 5,993
Acquisition Date		Aug. 1, 2007
Retail [Member] | Real Estate Property Forty Two
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		1
Encumbrances	[1]	$ 16,000
Initial Cost to Company, Land	[2]	5,170
Initial Cost to Company, Building & Improvements	[2]	19,396
Initial Cost to Company, Total		24,566
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	(257)
Gross Amount Carried, Land	[3]	4,913
Gross Amount Carried, Building and Improvements	[2]	19,396
Real Estate, Gross, Total Cost	[3],[5]	24,309
Accumulated Depreciation	[3]	$ 5,818
Acquisition Date		Aug. 1, 2007
Depreciable Life (years)		40 years
Retail [Member] | Real Estate Property Forty Three
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 3,610
Initial Cost to Company, Building & Improvements	[2]	11,682
Initial Cost to Company, Total		15,292
Gross Amount Carried, Land	[3]	3,610
Gross Amount Carried, Building and Improvements	[2]	11,682
Real Estate, Gross, Total Cost	[3],[5]	15,292
Accumulated Depreciation	[3]	$ 3,118
Acquisition Date		Aug. 1, 2007
Retail [Member] | Real Estate Property Forty Four
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 2,530
Initial Cost to Company, Building & Improvements	[2]	2,074
Initial Cost to Company, Total		4,604
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	748
Gross Amount Carried, Land	[3]	2,530
Gross Amount Carried, Building and Improvements	[2]	2,822
Real Estate, Gross, Total Cost	[3],[5]	5,352
Accumulated Depreciation	[3]	$ 1,136
Acquisition Date		Aug. 1, 2007
Retail [Member] | Real Estate Property Forty Five
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 3,920
Initial Cost to Company, Building & Improvements	[2]	7,765
Initial Cost to Company, Total		11,685
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	1,028
Gross Amount Carried, Land	[3]	3,920
Gross Amount Carried, Building and Improvements	[2]	8,793
Real Estate, Gross, Total Cost	[3],[5]	12,713
Accumulated Depreciation	[3]	$ 2,614
Acquisition Date		Aug. 1, 2007
Retail [Member] | Real Estate Property Forty Six
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 1,490
Initial Cost to Company, Building & Improvements	[2]	5,084
Initial Cost to Company, Total		6,574
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	768
Gross Amount Carried, Land	[3]	1,490
Gross Amount Carried, Building and Improvements	[2]	5,852
Real Estate, Gross, Total Cost	[3],[5]	7,342
Accumulated Depreciation	[3]	$ 1,719
Acquisition Date		Aug. 1, 2007
Retail [Member] | Real Estate Property Forty Seven
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 1,200
Initial Cost to Company, Building & Improvements	[2]	2,437
Initial Cost to Company, Total		3,637
Gross Amount Carried, Land	[3]	1,200
Gross Amount Carried, Building and Improvements	[2]	2,437
Real Estate, Gross, Total Cost	[3],[5]	3,637
Accumulated Depreciation	[3]	$ 1,033
Acquisition Date		Aug. 1, 2007
Depreciable Life (years)		40 years
Retail [Member] | Real Estate Property Forty Eight
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 3,650
Initial Cost to Company, Building & Improvements	[2]	6,507
Initial Cost to Company, Total		10,157
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	34
Gross Amount Carried, Land	[3]	3,650
Gross Amount Carried, Building and Improvements	[2]	6,541
Real Estate, Gross, Total Cost	[3],[5]	10,191
Accumulated Depreciation	[3]	$ 2,357
Acquisition Date		Aug. 1, 2007
Retail [Member] | Real Estate Property Forty Nine
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		1
Encumbrances	[1]	$ 5,337
Initial Cost to Company, Land	[2]	5,290
Initial Cost to Company, Building & Improvements	[2]	8,814
Initial Cost to Company, Total		14,104
Gross Amount Carried, Land	[3]	5,290
Gross Amount Carried, Building and Improvements	[2]	8,814
Real Estate, Gross, Total Cost	[3],[5]	14,104
Accumulated Depreciation	[3]	$ 2,246
Acquisition Date		Oct. 18, 2007
Retail [Member] | Real Estate Property Fifty
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		1
Encumbrances	[1]	$ 7,580
Initial Cost to Company, Land	[2]	3,790
Initial Cost to Company, Building & Improvements	[2]	11,152
Initial Cost to Company, Total		14,942
Gross Amount Carried, Land	[3]	3,790
Gross Amount Carried, Building and Improvements	[2]	11,152
Real Estate, Gross, Total Cost	[3],[5]	14,942
Accumulated Depreciation	[3]	$ 2,721
Acquisition Date		Oct. 18, 2007
Retail [Member] | Real Estate Property Fifty One
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		1
Encumbrances	[1]	$ 4,986
Initial Cost to Company, Land	[2]	5,850
Initial Cost to Company, Building & Improvements	[2]	14,547
Initial Cost to Company, Total		20,397
Gross Amount Carried, Land	[3]	5,850
Gross Amount Carried, Building and Improvements	[2]	14,547
Real Estate, Gross, Total Cost	[3],[5]	20,397
Accumulated Depreciation	[3]	$ 3,798
Acquisition Date		Oct. 18, 2007
Retail [Member] | Real Estate Property Fifty Two [Member]
Real Estate and Accumulated Depreciation [Line Items]
Market		Washington, DC
Number of Buildings | property		1
Encumbrances	[1]	$ 70,000
Initial Cost to Company, Land	[2]	19,779
Initial Cost to Company, Building & Improvements	[2]	42,515
Initial Cost to Company, Total		62,294
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	239
Gross Amount Carried, Land	[3]	19,781
Gross Amount Carried, Building and Improvements	[2]	42,752
Real Estate, Gross, Total Cost	[3],[5]	62,533
Accumulated Depreciation	[3]	$ 14,688
Acquisition Date		Apr. 6, 2009
Retail [Member] | Real Estate Property Fifty Three [Member]
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 11,866
Initial Cost to Company, Building & Improvements	[2]	723
Initial Cost to Company, Total		12,589
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	8
Gross Amount Carried, Land	[3]	11,866
Gross Amount Carried, Building and Improvements	[2]	731
Real Estate, Gross, Total Cost	[3],[5]	12,597
Accumulated Depreciation	[3]	$ 319
Acquisition Date		Feb. 18, 2011
Retail [Member] | Real Estate Property Fifty Four [Member]
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		1
Initial Cost to Company, Land	[2]	$ 3,783
Initial Cost to Company, Building & Improvements	[2]	9,713
Initial Cost to Company, Total		13,496
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	91
Gross Amount Carried, Land	[3]	3,783
Gross Amount Carried, Building and Improvements	[2]	9,804
Real Estate, Gross, Total Cost	[3],[5]	13,587
Accumulated Depreciation	[3]	$ 4,071
Acquisition Date		Mar. 17, 2011
Retail [Member] | Real Estate Property Fifty Five [Member]
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		2
Initial Cost to Company, Land	[2]	$ 7,209
Initial Cost to Company, Building & Improvements	[2]	21,055
Initial Cost to Company, Total		28,264
Gross Amount Carried, Land	[3]	7,209
Gross Amount Carried, Building and Improvements	[2]	21,055
Real Estate, Gross, Total Cost	[3],[5]	28,264
Accumulated Depreciation	[3]	$ 2,256
Acquisition Date		May 28, 2014
Retail [Member] | Real Estate Property Fifty Six [Member]
Real Estate and Accumulated Depreciation [Line Items]
Market		Greater Boston
Number of Buildings | property		2
Initial Cost to Company, Land	[2]	$ 8,759
Initial Cost to Company, Building & Improvements	[2]	40,233
Initial Cost to Company, Total		48,992
Cost Capitalized or Adjustments Subsequent to Acquisition	[3]	15
Gross Amount Carried, Land	[3]	8,759
Gross Amount Carried, Building and Improvements	[2]	40,248
Real Estate, Gross, Total Cost	[3],[5]	49,007
Accumulated Depreciation	[3]	$ 2,658
Acquisition Date		Nov. 4, 2014
Retail [Member] | Minimum [Member] | Real Estate Property Thirteen
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		0 years
Retail [Member] | Minimum [Member] | Real Estate Property Twenty Seven
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		5 years
Retail [Member] | Minimum [Member] | Real Estate Property Twenty Eight
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		5 years
Retail [Member] | Minimum [Member] | Real Estate Property Twenty Nine
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		5 years
Retail [Member] | Minimum [Member] | Real Estate Property Thirty
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		6 years
Retail [Member] | Minimum [Member] | Real Estate Property Thirty One
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		5 years
Retail [Member] | Minimum [Member] | Real Estate Property Thirty Two
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		10 years
Retail [Member] | Minimum [Member] | Real Estate Property Thirty Three
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		5 years
Retail [Member] | Minimum [Member] | Real Estate Property Thirty Four
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		5 years
Retail [Member] | Minimum [Member] | Real Estate Property Thirty Five
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		2 years
Retail [Member] | Minimum [Member] | Real Estate Property Thirty Six
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		5 years
Retail [Member] | Minimum [Member] | Real Estate Property Thirty Seven
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		5 years
Retail [Member] | Minimum [Member] | Real Estate Property Thirty Nine
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		18 years
Retail [Member] | Minimum [Member] | Real Estate Property Forty
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		16 years
Retail [Member] | Minimum [Member] | Real Estate Property Forty One
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		13 years
Retail [Member] | Minimum [Member] | Real Estate Property Forty Three
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		16 years
Retail [Member] | Minimum [Member] | Real Estate Property Forty Four
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		5 years
Retail [Member] | Minimum [Member] | Real Estate Property Forty Five
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		6 years
Retail [Member] | Minimum [Member] | Real Estate Property Forty Six
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		5 years
Retail [Member] | Minimum [Member] | Real Estate Property Forty Eight
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		11 years
Retail [Member] | Minimum [Member] | Real Estate Property Forty Nine
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		21 years
Retail [Member] | Minimum [Member] | Real Estate Property Fifty
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		22 years
Retail [Member] | Minimum [Member] | Real Estate Property Fifty One
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		15 years
Retail [Member] | Minimum [Member] | Real Estate Property Fifty Two [Member]
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		5 years
Retail [Member] | Minimum [Member] | Real Estate Property Fifty Three [Member]
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		6 years
Retail [Member] | Minimum [Member] | Real Estate Property Fifty Four [Member]
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		5 years
Retail [Member] | Minimum [Member] | Real Estate Property Fifty Five [Member]
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		4 years
Retail [Member] | Minimum [Member] | Real Estate Property Fifty Six [Member]
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		2 years
Retail [Member] | Minimum [Member] | Real Estate Property Fifty Seven [Member]
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		1 year
Retail [Member] | Minimum [Member] | Real Estate Property Fifty Eight [Member]
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		1 year
Retail [Member] | Minimum [Member] | Real Estate Property Fifty Nine [Member]
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		1 year
Retail [Member] | Minimum [Member] | Real Estate Property Sixty [Member]
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		3 years
Retail [Member] | Maximum [Member] | Real Estate Property Eighteen
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Twenty Four
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Twenty Seven
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Twenty Eight
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Twenty Nine
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Thirty
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Thirty One
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Thirty Two
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Thirty Three
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Thirty Four
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Thirty Five
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Thirty Six
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Thirty Seven
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Forty
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Forty One
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Forty Three
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Forty Four
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Forty Five
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Forty Six
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Forty Eight
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Forty Nine
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Fifty
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Fifty One
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Fifty Two [Member]
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Fifty Three [Member]
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		20 years
Retail [Member] | Maximum [Member] | Real Estate Property Fifty Four [Member]
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Fifty Five [Member]
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Fifty Six [Member]
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Fifty Seven [Member]
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Fifty Eight [Member]
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Fifty Nine [Member]
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
Retail [Member] | Maximum [Member] | Real Estate Property Sixty [Member]
Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (years)		40 years
[1]	Encumbrances represents mortgage debt principal balances encumbering each property as of December 31, 2015.
[2]	Building and improvements include intangible lease assets.
[3]	Amount is presented net of impairments and other write-offs of tenant-related assets that were recorded at acquisition as part of our purchase price accounting. Such write-offs are the results of lease expirations and terminations.
[4]	Amounts for the years ended December 31, 2014 and 2013 include approximately $30.1 million and $193.6 million, respectively, of investments in real estate related to properties classified as held for sale.
[5]	As of December 31, 2015, the aggregate cost for federal income tax purposes of investments in real property was approximately $2.1 billion (unaudited).

Schedule III - Real Estate an90

Schedule III - Real Estate and Accumulated Depreciation (Activity of Real Estate and Accumulated Depreciation) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Investments in real estate:
Balance at the beginning of the year		$ 2,472,926	[1]	$ 2,570,480	[1]	$ 2,819,550
Acquisitions of operating properties		357,811		158,221		114,827
Improvements		25,557		12,512		26,680
Basis of operating properties disposed of		(467,996)		(258,787)		(387,977)
Impairment of real property	[2]	(8,124)		(9,500)		(2,600)
Balance at the end of the year	[1]	2,380,174	[3],[4]	2,472,926		2,570,480
Accumulated depreciation:
Balance at the beginning of the year		523,246		502,847		482,782
Real estate depreciation and amortization expense	[5]	83,114		88,994		108,191
Above-market lease assets amortization expenses		5,216		6,708		7,293
Accumulated depreciation and amortization written off	[6]	(105,619)		(75,303)		(95,419)
Balance at the end of the year		$ 505,957	[3]	523,246		502,847
Real Estate Held-for-sale				19,337
Real estate depreciation and amortization expense including discontinued operations						21,000
Assets Held for Sale [Member]
Accumulated depreciation:
Real Estate Held-for-sale				$ 30,100		$ 193,600
[1]	Amounts for the years ended December 31, 2014 and 2013 include approximately $30.1 million and $193.6 million, respectively, of investments in real estate related to properties classified as held for sale.
[2]	Includes approximately $125,000 paid to our Advisor for advisory fees associated with the disposition of real properties during the year ended December 31, 2015.
[3]	Amount is presented net of impairments and other write-offs of tenant-related assets that were recorded at acquisition as part of our purchase price accounting. Such write-offs are the results of lease expirations and terminations.
[4]	As of December 31, 2015, the aggregate cost for federal income tax purposes of investments in real property was approximately $2.1 billion (unaudited).
[5]	Amount for the year ended December 31, 2013 includes approximately $21.0 million of real estate depreciation and amortization expenses that is included in discontinued operations in our accompanying statements of income.
[6]	Amounts represent accumulated depreciation and amortization written off due to real property dispositions and early lease termination.