Pacific Oak Strategic Opportunity REIT (PCOK) 10-K 9 Mar 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information Document (USD $)	12 Months Ended
	Dec. 31, 2014	Mar. 03, 2015	Jun. 30, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	KBS Strategic Opportunity REIT, Inc.
Entity Central Index Key	1452936
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Document Type	10-K
Document Period End Date	31-Dec-14
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Amendment Flag	FALSE
Entity Common Stock, Shares Outstanding		59,989,107
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$0

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Assets
Real estate held for investment, net	$855,088	$636,885
Real estate held for sale, net	0	1,274
Real estate loan receivable, net	27,422	21,893
Real estate securities	0	333
Total real estate and real estate-related investments, net	882,510	660,385
Cash and cash equivalents	19,093	57,996
Investments in unconsolidated joint ventures	72,045	16,338
Rents and other receivables, net	18,314	8,540
Above-market leases, net	2,061	2,935
Assets related to real estate held for sale	0	126
Prepaid expenses and other assets	28,491	29,818
Total assets	1,022,514	776,138
Liabilities and equity
Notes and bond payable, net	530,263	257,420
Accounts payable and accrued liabilities	18,609	15,558
Below-market leases, net	4,403	4,420
Other liabilities	9,192	6,481
Total liabilities	562,467	283,879
Commitments and contingencies (Note 14)
Redeemable common stock	9,911	17,573
Equity
Preferred stock, $.01 par value; 10,000,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $.01 par value; 1,000,000,000 shares authorized, 60,044,329 and 59,619,000 shares issued and outstanding as of December 31, 2014 and December 31, 2013, respectively	600	596
Additional paid-in capital	524,489	512,036
Cumulative distributions and net losses	-91,691	-52,801
Accumulated other comprehensive loss	0	-9
Total KBS Strategic Opportunity REIT, Inc. stockholders’ equity	433,398	459,822
Noncontrolling interests	16,738	14,864
Total equity	450,136	474,686
Total liabilities and equity	$1,022,514	$776,138

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]
Preferred stock, par value (usd per share)	$0.01	$0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (usd per share)	$0.01	$0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	60,044,329	59,619,000
Common stock, shares outstanding	60,044,329	59,619,000

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Revenues:
Rental income	$83,682	$46,191	$13,780
Tenant reimbursements	16,273	9,964	1,595
Interest income from real estate loans receivable	3,366	10,276	1,708
Interest income from real estate securities	0	91	926
Other operating income	2,833	1,974	871
Total revenues	106,154	68,496	18,880
Expenses:
Operating, maintenance, and management	35,957	22,804	7,779
Real estate taxes and insurance	14,189	9,282	2,476
Asset management fees to affiliate	7,648	4,068	1,625
Real estate acquisition fees to affiliate	2,231	2,784	2,206
Real estate acquisition fees and expenses	2,177	1,218	1,352
General and administrative expenses	3,418	3,160	3,075
Depreciation and amortization	47,063	28,677	8,606
Interest expense	15,598	2,706	2,199
Impairment charges on real estate held for investment	579	1,433	0
Total expenses	128,860	76,132	29,318
Other income (loss):
Other interest income	22	62	97
Gain from extinguishment of debt	0	0	581
Income from unconsolidated joint venture	0	95	116
Equity in loss of unconsolidated joint venture	-1,101	-146	0
Gain on sale of real estate, net	55	0	0
Gain on early payoff of real estate loan receivable	0	0	358
Gain on sale of real estate securities	0	0	214
Gain on foreclosure of real estate loan receivable	0	7,473	0
Total other (loss) income, net	-1,024	7,484	1,366
Loss from continuing operations	-23,730	-152	-9,072
Discontinued operations:
Gain on sale of real estate, net	0	13,108	593
Loss from discontinued operations	-18	-1,367	-1,616
Total (loss) income from discontinued operations	-18	11,741	-1,023
Net (loss) income	-23,748	11,589	-10,095
Net loss (income) attributable to noncontrolling interests	554	-96	333
Net (loss) income attributable to common stockholders	($23,194)	$11,493	($9,762)
Basic and diluted (loss) income per common share:
Continuing operations (in dollars per share)	($0.39)	$0	($0.25)
Discontinued operations (in dollars per share)	$0	$0.20	($0.03)
Net (loss) income per common share (in dollars per share)	($0.39)	$0.20	($0.28)
Weighted-average number of common shares outstanding, basic and diluted	59,714,540	58,359,568	35,458,656

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Statement of Comprehensive Income [Abstract]
Net (loss) income	($23,748)	$11,589	($10,095)
Other comprehensive income:
Reclassification of realized gain on sale of real estate securities	0	0	-214
Unrealized gain on real estate securities	9	4	247
Total other comprehensive income	9	4	33
Total comprehensive (loss) income	-23,739	11,593	-10,062
Total comprehensive loss (income) attributable to noncontrolling interests	554	-96	333
Total comprehensive (loss) income attributable to common stockholders	($23,185)	$11,497	($9,729)

CONSOLIDATED_STATEMENTS_OF_EQU

CONSOLIDATED STATEMENTS OF EQUITY (USD $)	Total	Total Stockholders' Equity	Common Stock	Additional Paid-in Capital	Cumulative Distributions and Net Losses	Accumulated Other Comprehensive Gain (Loss)	Noncontrolling Interests
In Thousands, except Share data, unless otherwise specified
Balance, value at Nov. 19, 2009
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, shares			56,584,976
Issuance of common stock, value			$561,700
Redemptions of common stock, shares			-818,866
Redemptions of common stock, value	-8,300
Balance, value at Dec. 31, 2014	450,136		600
Balance, shares at Dec. 31, 2014	60,044,329		60,044,329
Balance, value at Dec. 31, 2011	186,544	173,025	222	188,817	-15,968	-46	13,519
Balance, shares at Dec. 31, 2011			22,214,815
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	-10,095	-9,762			-9,762		-333
Other comprehensive income	33	33				33
Issuance of common stock, shares			35,993,756
Issuance of common stock, value	357,334	357,334	360	356,974
Transfers to redeemable common stock	-4,360	-4,360		-4,360
Redemptions of common stock, shares			-80,944
Redemptions of common stock, value	-755	-755	-1	-754
Distributions declared	-12,885	-12,885			-12,885
Commissions on stock sales and related dealer manager fees to affiliate	-31,134	-31,134		-31,134
Other offering costs	-3,636	-3,636		-3,636
Noncontrolling interests contributions	2,630						2,630
Distribution to noncontrolling interest	-24						-24
Balance, value at Dec. 31, 2012	483,652	467,860	581	505,907	-38,615	-13	15,792
Balance, shares at Dec. 31, 2012			58,127,627
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	11,589	11,493			11,493		96
Other comprehensive income	4	4				4	0
Issuance of common stock, shares			1,751,478
Issuance of common stock, value	16,641	16,641	18	16,623
Transfers to redeemable common stock	-7,922	-7,922		-7,922
Redemptions of common stock, shares			-260,105
Redemptions of common stock, value	-2,450	-2,450	-3	-2,447
Distributions declared	-25,679	-25,679			-25,679
Other offering costs	-125	-125		-125
Noncontrolling interests contributions	1,213						1,213
Distribution to noncontrolling interest	-2,237						-2,237
Balance, value at Dec. 31, 2013	474,686	459,822	596	512,036	-52,801	-9	14,864
Balance, shares at Dec. 31, 2013	59,619,000		59,619,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	-23,748	-23,194			-23,194		-554
Other comprehensive income	9	9				9	0
Issuance of common stock, shares			901,146
Issuance of common stock, value	9,911	9,911	9	9,902
Transfers from redeemable common stock	7,662	7,662		7,662
Redemptions of common stock, shares			-475,817
Redemptions of common stock, value	-5,104	-5,104	-5	-5,099
Distributions declared	-15,696	-15,696			-15,696
Other offering costs	-12	-12		-12
Noncontrolling interests contributions	2,585						2,585
Distribution to noncontrolling interest	-157						-157
Balance, value at Dec. 31, 2014	$450,136	$433,398	$600	$524,489	($91,691)	$0	$16,738
Balance, shares at Dec. 31, 2014	60,044,329		60,044,329

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash Flows from Operating Activities:
Net (loss) income	($23,748)	$11,589	($10,095)
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Loss due to property damages	707	0	0
Equity in loss of unconsolidated joint venture	1,101	146	0
Depreciation and amortization
Continuing operations	47,063	28,677	8,606
Discontinued operations	0	1,057	926
Impairment charges on real estate held for investment	579	1,433	0
Non-cash interest income on real estate related investments	-614	-842	-1,053
Gain on sale of real estate	-55	-13,108	-593
Gain on extinguishment of debt	0	0	-581
Gain on early payoff of real estate loan receivable	0	0	-358
Gain on sale of real estate securities, net	0	0	-214
Gain on foreclosure of real estate loan receivable, net	0	-7,473	0
Deferred rent	-8,392	-4,694	-1,932
Bad debt expense	176	197	52
Amortization of above- and below-market leases, net	-1,339	138	1,088
Amortization of deferred financing costs	2,778	976	295
Interest accretion on real estate securities	9	36	819
Amortization of net premium/discount on bond and notes payable	-1	-92	0
Changes in assets and liabilities:
Rents and other receivables	-1,817	-1,312	-420
Deferred interest receivable	0	1,001	0
Prepaid expenses and other assets	-8,314	-2,299	-1,979
Accounts payable and accrued liabilities	606	6,089	2,302
Due to affiliates	0	-21	4
Other liabilities	2,711	3,132	2,105
Net cash provided by (used in) operating activities	11,450	24,630	-1,028
Cash Flows from Investing Activities:
Acquisitions of real estate	-191,925	-295,167	-211,655
Improvements to real estate	-33,892	-22,398	-7,054
Proceeds from sales of real estate, net	1,393	30,658	1,843
Escrow deposits for future real estate purchases	0	-13,000	0
Investments in real estate loans receivable	-5,850	-21,568	-78,398
Payoff of real estate loan receivable	0	35,750	0
Proceeds from early payoff of real estate loan receivable	0	0	7,903
Principal repayments on real estate securities	333	4,452	38,270
Proceeds from sale of real estate securities	0	0	14,943
Investment in unconsolidated joint venture	-58,987	-9,000	-8,000
Distribution of capital from unconsolidated joint venture	2,179	398	74
Extension fee received on real estate loan receivable	935	0	0
Net cash used in investing activities	-285,814	-289,875	-242,074
Cash Flows from Financing Activities:
Proceeds from notes payable	307,254	251,065	4,226
Principal payments on notes payable	-59,203	-36,084	-2,896
Payments on repurchase agreements	0	0	-30,201
Payments of deferred financing costs	-4,117	-4,988	0
Proceeds from issuance of common stock	0	0	348,790
Payments to redeem common stock	-5,104	-2,450	-755
Payments of commissions on stock sales and related dealer manager fees	0	0	-31,134
Payments of other offering costs	-12	-200	-3,612
Distributions paid	-5,785	-9,038	-4,341
Noncontrolling interests contributions	2,585	1,213	2,630
Distributions to noncontrolling interests	-157	-2,237	-24
Net cash provided by financing activities	235,461	197,281	282,683
Net (decrease) increase in cash and cash equivalents	-38,903	-67,964	39,581
Cash and cash equivalents, beginning of period	57,996	125,960	86,379
Cash and cash equivalents, end of period	19,093	57,996	125,960
Supplemental Disclosure of Cash Flow Information:
Interest paid, net of capitalized interest of $1,987 and $2,718 for the years ended December 31, 2014 and 2013, respectively	12,258	1,635	2,073
Supplemental Disclosure of Noncash Investing and Financing Activities:
Mortgage debt assumed in connection with real estate acquisition (at fair value)	24,793	0	0
Application of escrow deposits to acquisition of real estate	13,000	0	0
Investments in real estate acquired through foreclosure	0	45,943	0
Assets assumed in connection with foreclosure of real estate	0	7,156	0
Liabilities assumed in connection with foreclosure of real estate	0	9,671	0
Increase in capital expenses payable	3,095	2,583	1,230
Increase in lease commissions payable	0	282	137
Increase in lease incentive payable	0	260	53
Distributions paid to common stockholders through common stock issuances pursuant to the dividend reinvestment plan	$9,911	$16,641	$8,544

CONSOLIDATED_STATEMENTS_OF_CAS1

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Statement of Cash Flows [Abstract]
Interest capitalized	$1,987	$2,718

ORGANIZATION

ORGANIZATION	12 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION
	KBS Strategic Opportunity REIT, Inc. (the “Company”) was formed on October 8, 2008 as a Maryland corporation and elected to be taxed as a real estate investment trust (“REIT”) beginning with the taxable year ended December 31, 2010. The Company conducts its business primarily through KBS Strategic Opportunity Limited Partnership (the “Operating Partnership”), a Delaware limited partnership formed on December 10, 2008. The Company is the sole general partner of, and owns a 0.1% partnership interest in, the Operating Partnership. KBS Strategic Opportunity Holdings LLC (“REIT Holdings”), a Delaware limited liability company formed on December 9, 2008, owns the remaining 99.9% interest in the Operating Partnership and is its sole limited partner. The Company is the sole member and manager of REIT Holdings.
	Subject to certain restrictions and limitations, the business of the Company is externally managed by KBS Capital Advisors LLC (the “Advisor”), an affiliate of the Company, pursuant to an advisory agreement the Company renewed with the Advisor on October 8, 2014 (the “Advisory Agreement”). The Advisor conducts the Company’s operations and manages its portfolio of real estate-related loans, opportunistic real estate, real estate-related debt securities and other real estate-related investments. The Advisor owns 20,000 shares of the Company’s common stock.
	On January 8, 2009, the Company filed a registration statement on Form S-11 with the Securities and Exchange Commission (the “SEC”) to offer a minimum of 250,000 shares and a maximum of 140,000,000 shares of common stock for sale to the public (the “Offering”), of which 100,000,000 shares were registered in a primary offering and 40,000,000 shares were registered to be sold under the Company’s dividend reinvestment plan. The SEC declared the Company’s registration statement effective on November 20, 2009. The Company ceased offering shares of common stock in its primary offering on November 14, 2012 and continues to offer shares under its dividend reinvestment plan.
	The Company sold 56,584,976 shares of common stock in its primary offering for gross offering proceeds of $561.7 million. As of December 31, 2014, the Company had sold 3,981,976 shares of common stock under its dividend reinvestment plan for gross offering proceeds of $39.2 million. Also, as of December 31, 2014, the Company had redeemed 818,866 shares sold in the Offering for $8.3 million. Additionally, on December 29, 2011 and October 23, 2012, the Company issued 220,994 shares and 55,249 shares of common stock, respectively, for $2.0 million and $0.5 million, respectively, in private transactions exempt from the registration requirements pursuant to Section 4(2) of the Securities Act of 1933.
	As of December 31, 2014, the Company owned 12 office properties, one office campus consisting of nine office buildings, one office portfolio consisting of four office buildings and 63 acres of undeveloped land, one office portfolio consisting of three office properties, one retail property, two apartment properties, two investments in undeveloped land encompassing an aggregate of 1,670 acres, one first mortgage loan and two investments in unconsolidated joint ventures.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Principles of Consolidation and Basis of Presentation
	The consolidated financial statements include the accounts of the Company, REIT Holdings, the Operating Partnership and their direct and indirect wholly owned subsidiaries, and joint ventures in which the Company has a controlling interest. All significant intercompany balances and transactions are eliminated in consolidation.
	The consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) and the rules and regulations of the SEC.
	Use of Estimates
	The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could materially differ from those estimates.
	Reclassifications
	Certain amounts in the Company’s prior period consolidated financial statements have been reclassified to conform to the current period presentation. These reclassifications have not changed the results of operations of prior periods. The Company early adopted ASU No. 2014-08 (defined below) for the reporting period beginning January 1, 2014. As a result, certain reclassifications were made to the consolidated balance sheets, statements of operations and footnote disclosures for all applicable periods presented to reflect properties sold or held for sale during the period ended December 31, 2014. Operating results of properties that were classified as held for sale in financial statements prior to January 1, 2014 will remain in discontinued operations on the Company’s consolidated statements of operations. Operating results of properties that were disposed of or classified as held for sale in the ordinary course of business during the year ended December 31, 2014 that had not been classified as held for sale in financial statements prior to January 1, 2014 are included in continuing operations on the Company’s consolidated statements of operations.
	Revenue Recognition
	Real Estate
	The Company recognizes minimum rent, including rental abatements, lease incentives and contractual fixed increases attributable to operating leases, on a straight-line basis over the term of the related leases when collectibility is reasonably assured and records amounts expected to be received in later years as deferred rent receivable. If the lease provides for tenant improvements, the Company determines whether the tenant improvements, for accounting purposes, are owned by the tenant or the Company. When the Company is the owner of the tenant improvements, the tenant is not considered to have taken physical possession or have control of the physical use of the leased asset until the tenant improvements are substantially completed. When the tenant is the owner of the tenant improvements, any tenant improvement allowance (including amounts that can be taken in the form of cash or a credit against the tenant’s rent) that is funded is treated as a lease incentive and amortized as a reduction of revenue over the lease term. Tenant improvement ownership is determined based on various factors including, but not limited to:
	•	whether the lease stipulates how a tenant improvement allowance may be spent;
	•	whether the amount of a tenant improvement allowance is in excess of market rates;
	•	whether the tenant or landlord retains legal title to the improvements at the end of the lease term;
	•	whether the tenant improvements are unique to the tenant or general-purpose in nature; and
	•	whether the tenant improvements are expected to have any residual value at the end of the lease.
	The Company records property operating expense reimbursements due from tenants for common area maintenance, real estate taxes, and other recoverable costs in the period the related expenses are incurred.
	The Company makes estimates of the collectibility of its tenant receivables related to base rents, including deferred rent, expense reimbursements and other revenue or income. Management specifically analyzes accounts receivable, deferred rents receivable, historical bad debts, customer creditworthiness, current economic trends and changes in customer payment terms when evaluating the adequacy of the allowance for doubtful accounts. In addition, with respect to tenants in bankruptcy, management makes estimates of the expected recovery of pre-petition and post-petition claims in assessing the estimated collectibility of the related receivable. In some cases, the ultimate resolution of these claims can exceed one year. When a tenant is in bankruptcy, the Company will record a bad debt reserve for the tenant’s receivable balance and generally will not recognize subsequent rental revenue until cash is received or until the tenant is no longer in bankruptcy and has the ability to make rental payments.
	Real Estate Loans Receivable
	Interest income on the Company’s real estate loans receivable is recognized on an accrual basis over the life of the investment using the interest method. Direct loan origination or acquisition fees and costs, as well as acquisition premiums or discounts, are amortized over the term of the loan as an adjustment to interest income. The Company places loans on nonaccrual status when any portion of principal or interest is 90 days past due, or earlier when concern exists as to the ultimate collection of principal or interest. When a loan is placed on nonaccrual status, the Company reverses the accrual for unpaid interest and generally does not recognize subsequent interest income until cash is received, or the loan returns to accrual status. Generally, a loan may be returned to accrual status when all delinquent principal and interest are brought current in accordance with the terms of the loan agreement and certain performance criteria have been met.
	The Company will recognize interest income on loans purchased at discounts to face value where the Company expects to collect less than the contractual amounts due under the loan when that expectation is due, at least in part, to the credit quality of the borrower. Income is recognized at an interest rate equivalent to the estimated yield on the loan, as calculated using the carrying value of the loan and the expected cash flows. Changes in estimated cash flows are recognized through an adjustment to the yield on the loan on a prospective basis. Projecting cash flows for these types of loans requires a significant amount of assumptions and judgment, which may have a significant impact on the amount and timing of revenue recognized on these investments. The Company recognizes interest income on non-performing loans on a cash basis since these loans generally do not have an estimated yield and collection of principal and interest is not assured.
	Real Estate Securities
	The Company recognizes interest income on real estate securities that are beneficial interests in securitized financial assets and are rated “AA” and above on an accrual basis according to the contractual terms of the securities. Discounts or premiums are amortized to interest income over the life of the investment using the interest method.
	The Company recognizes interest income on real estate securities that are beneficial interests in securitized financial assets that are rated below “AA” using the effective yield method, which requires the Company to periodically project estimated cash flows related to these securities and recognize interest income at an interest rate equivalent to the estimated yield on the security, as calculated using the security’s estimated cash flows and amortized cost basis, or reference amount. Changes in the estimated cash flows are recognized through an adjustment to the yield on the security on a prospective basis. Projecting cash flows for these types of securities requires significant judgment, which may have a significant impact on the timing of revenue recognized on these investments.
	Cash and Cash Equivalents
	The Company recognizes interest income on its cash and cash equivalents as it is earned and records such amounts as other interest income.
	Real Estate
	Depreciation and Amortization
	Real estate costs related to the acquisition and improvement of properties are capitalized and amortized over the expected useful life of the asset on a straight-line basis. Repair and maintenance costs are charged to expense as incurred and significant replacements and betterments are capitalized. Repair and maintenance costs include all costs that do not extend the useful life of the real estate asset. The Company considers the period of future benefit of an asset to determine its appropriate useful life. Expenditures for tenant improvements are capitalized and amortized over the shorter of the tenant’s lease term or expected useful life. The Company anticipates the estimated useful lives of its assets by class to be generally as follows:
	Buildings	25-40 years
	Building improvements	10-40 years
	Tenant improvements	Shorter of lease term or expected useful life
	Tenant origination and absorption costs	Remaining term of related leases, including below-market renewal periods
	Real Estate Acquisition Valuation
	The Company records the acquisition of income-producing real estate or real estate that will be used for the production of income as a business combination. All assets acquired and liabilities assumed in a business combination are measured at their acquisition-date fair values. Acquisition costs are expensed as incurred and restructuring costs that do not meet the definition of a liability at the acquisition date are expensed in periods subsequent to the acquisition date. Real estate obtained in satisfaction of a loan is recorded at the estimated fair value of the real estate (net of liabilities assumed) or the fair value of the loan satisfied if more clearly evident. The excess of the carrying value of the loan over the fair value of the property is charged-off against the reserve for loan losses when title to the property is obtained. Costs of holding the property are expensed as incurred in the Company’s consolidated statements of operations.
	Intangible assets include the value of in-place leases, which represents the estimated value of the net cash flows of the in-place leases to be realized, as compared to the net cash flows that would have occurred had the property been vacant at the time of acquisition and subject to lease-up. Acquired in-place lease value will be amortized to expense over the average remaining terms of the respective in-place leases, including any below-market renewal periods.
	The Company assesses the acquisition date fair values of all tangible assets, identifiable intangibles and assumed liabilities using methods similar to those used by independent appraisers, generally utilizing a discounted cash flow analysis that applies appropriate discount and/or capitalization rates and available market information. Estimates of future cash flows are based on a number of factors, including historical operating results, known and anticipated trends, and market and economic conditions. The fair value of tangible assets of an acquired property considers the value of the property as if it were vacant.
	The Company records above-market and below-market in-place lease values for acquired properties based on the present value (using a discount that reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) management’s estimate of fair market lease rates for the corresponding in-place leases, measured over a period equal to the remaining non-cancelable term of above-market in-place leases and for the initial term plus any extended term for any leases with below-market renewal options. The Company amortizes any recorded above-market or below-market lease values as a reduction or increase, respectively, to rental income over the remaining non-cancelable terms of the respective lease, including any below-market renewal periods.
	The Company estimates the value of tenant origination and absorption costs by considering the estimated carrying costs during hypothetical expected lease up periods, considering current market conditions. In estimating carrying costs, the Company includes real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease-up periods.
	The Company amortizes the value of tenant origination and absorption costs to depreciation and amortization expense over the remaining non-cancelable term of the leases.
	Estimates of the fair values of the tangible assets, identifiable intangibles and assumed liabilities require the Company to make significant assumptions to estimate market lease rates, property-operating expenses, carrying costs during lease-up periods, discount rates, market absorption periods, and the number of years the property will be held for investment. The use of inappropriate assumptions would result in an incorrect valuation of the Company’s acquired tangible assets, identifiable intangibles and assumed liabilities, which would impact the amount of the Company’s net income.
	Direct investments in undeveloped land or properties without leases in place at the time of acquisition are accounted for as an asset acquisition and not as a business combination.  Acquisition fees and expenses are capitalized into the cost basis of an asset acquisition. Additionally, during the time in which the Company is incurring costs necessary to bring these investments to their intended use, certain costs such as legal fees, real estate taxes and insurance and financing costs are also capitalized.
	Impairment of Real Estate and Related Intangible Assets and Liabilities
	The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of its real estate and related intangible assets and liabilities may not be recoverable or realized. When indicators of potential impairment suggest that the carrying value of real estate and related intangible assets and liabilities may not be recoverable, the Company assesses the recoverability by estimating whether the Company will recover the carrying value of the real estate and related intangible assets and liabilities through its undiscounted future cash flows and its eventual disposition. If, based on this analysis, the Company does not believe that it will be able to recover the carrying value of the real estate and related intangible assets and liabilities, the Company would record an impairment loss to the extent that the carrying value exceeds the estimated fair value of the real estate and related intangible assets and liabilities. During the year ended December 31, 2014, the Company recorded an impairment charge of $0.6 million with respect to one real estate property held for investment. During the year ended December 31, 2013, the Company recorded an impairment charge of $1.4 million with respect to two of its real estate properties held for investment, one of which was sold on August 29, 2014. The Company did not record any impairment losses on its real estate and related intangible assets and liabilities during the year ended December 31, 2012.
	Projecting future cash flows involves estimating expected future operating income and expenses related to the real estate and its related intangible assets and liabilities as well as market and other trends. Using inappropriate assumptions to estimate cash flows could result in incorrect fair values of the real estate and its related intangible assets and liabilities and could result in the overstatement of the carrying values of the Company’s real estate and related intangible assets and liabilities and an overstatement of its net income.
	Insurance proceeds for Property Damages
	The Company maintains an insurance policy that provides coverage for property damages and business interruption.  Losses due to physical damages are recognized during the accounting period in which they occur, while the amount of monetary assets to be received from the insurance policy is recognized when receipt of insurance recoveries is probable.  Losses, which are reduced by the related insurance recoveries, are recorded as operating, maintenance and management expenses on the accompanying consolidated statements of operations.  Anticipated proceeds in excess of recognized losses would be considered a gain contingency and recognized when the contingency related to the insurance claim has been resolved.  Anticipated recoveries for lost rental revenue due to property damages are also considered to be a gain contingency and recognized when the contingency related to the insurance claim has been resolved.
	Real Estate Held for Sale and Discontinued Operations
	The Company generally considers real estate to be “held for sale” when the following criteria are met: (i) management commits to a plan to sell the property, (ii) the property is available for sale immediately, (iii) the property is actively being marketed for sale at a price that is reasonable in relation to its current fair value, (iv) the sale of the property within one year is considered probable and (v) significant changes to the plan to sell are not expected. Real estate that is held for sale and its related assets are classified as “real estate held for sale” and “assets related to real estate held for sale,” respectively, for all periods presented in the accompanying consolidated financial statements. Notes payable and other liabilities related to real estate held for sale are classified as “notes payable related to real estate held for sale” and “liabilities related to real estate held for sale,” respectively, for all periods presented in the accompanying consolidated financial statements. Real estate classified as held for sale is no longer depreciated and is reported at the lower of its carrying value or its estimated fair value less estimated costs to sell. Additionally, with respect to properties that were classified as held for sale in financial statements prior to January 1, 2014, the Company records the operating results as discontinued operations for all periods presented if the operations have been or are expected to be eliminated and the Company will not have any significant continuing involvement in the operations of the property following the sale. Operating results of properties that were disposed of or classified as held for sale in the ordinary course of business during the year ended December 31, 2014 that had not been classified as held for sale in financial statements prior to January 1, 2014 are included in continuing operations on the Company’s consolidated statements of operations.
	Real Estate Loans Receivable and Loan Loss Reserves
	The Company’s real estate loans receivable are recorded at amortized cost, net of loan loss reserves (if any), and evaluated for impairment at each balance sheet date. The amortized cost of a real estate loan receivable is the outstanding unpaid principal balance, net of unamortized acquisition premiums or discounts and unamortized costs and fees directly associated with the origination or acquisition of the loan. The amount of impairment, if any, will be measured by comparing the amortized cost of the loan to the present value of the expected cash flows discounted at the loan’s effective interest rate, the loan’s observable market price, or the fair value of the collateral if the loan is collateral dependent and collection of principal and interest is not assured. If a loan is deemed to be impaired, the Company will record a loan loss reserve and a provision for loan losses to recognize impairment. As of December 31, 2014, there was no loan loss reserve and the Company did not record any impairment losses related to its real estate loans receivable during the years ended December 31, 2014, 2013 and 2012.
	The reserve for loan losses is a valuation allowance that reflects management’s estimate of loan losses inherent in the loan portfolio as of the balance sheet date. The reserve is adjusted through “Provision for loan losses” on the Company’s consolidated statements of operations and is decreased by charge-offs to specific loans when losses are confirmed. The Company considers a loan to be impaired when, based upon current information and events, it believes that it is probable that the Company will be unable to collect all amounts due under the contractual terms of the loan agreement. If the Company purchases a loan at a discount to face value and at the acquisition date the Company expects to collect less than the contractual amounts due under the terms of the loan based, at least in part, on the Company’s assessment of the credit quality of the borrower, the Company will consider such a loan to be impaired when, based upon current information and events, it believes that it is probable that the Company will be unable to collect all amounts the Company estimated to be collected at the time of acquisition. The Company also considers a loan to be impaired if it grants the borrower a concession through a modification of the loan terms or if it expects to receive assets (including equity interests in the borrower) with fair values that are less than the carrying value of the loan in satisfaction of the loan. A reserve is established when the present value of payments expected to be received, observable market prices, the estimated fair value of the collateral (for loans that are dependent on the collateral for repayment) or amounts expected to be received in satisfaction of a loan are lower than the carrying value of that loan.
	Failure to recognize impairments would result in the overstatement of earnings and the carrying value of the Company’s real estate loans held for investment. Actual losses, if any, could significantly differ from estimated amounts.
	Investments in Unconsolidated Joint Ventures
	Equity Method
	The Company accounts for investments in unconsolidated joint venture entities in which the Company may exercise significant influence over, but does not control, using the equity method of accounting. Under the equity method, the investment is initially recorded at cost and subsequently adjusted to reflect additional contributions or distributions and the Company’s proportionate share of equity in the joint venture’s income (loss). The Company recognizes its proportionate share of the ongoing income or loss of the unconsolidated joint venture as equity in income (loss) of unconsolidated joint venture on the consolidated statements of operations. On a quarterly basis, the Company evaluates its investment in an unconsolidated joint venture for other-than-temporary impairments. As of December 31, 2014, the Company did not identify any indicators of impairment related to its unconsolidated real estate joint venture accounted for under the equity method.
	Cost Method
	The Company accounts for investments in unconsolidated joint venture entities in which the Company does not have the ability to exercise significant influence and has virtually no influence over partnership operating and financial policies using the cost method of accounting.  Under the cost method, income distributions from the partnership are recognized in other income.  Distributions that exceed the Company’s share of earnings are applied to reduce the carrying value of the Company’s investment and any capital contributions will increase the carrying value of the Company’s investment.  On a quarterly basis, the Company evaluates its investment in an unconsolidated joint venture for other-than-temporary impairments.  The fair value of a cost method investment is not estimated if there are no identified events or changes in circumstances that would indicate a significant adverse effect on the fair value of the investment. As of December 31, 2014, the Company did not identify any indicators of impairment related to its unconsolidated real estate joint venture accounted for under the cost method.
	Cash and Cash Equivalents
	The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash equivalents may include cash and short-term investments. Cash and cash equivalents are stated at cost, which approximates fair value. There were no restrictions on the use of the Company’s cash and cash equivalents as of December 31, 2014 and 2013.
	The Company’s cash and cash equivalents balance exceeded federally insurable limits as of December 31, 2014. The Company monitors the cash balances in its operating accounts and adjusts the cash balances as appropriate; however, these cash balances could be impacted if the underlying financial institutions fail or are subject to other adverse conditions in the financial markets. To date, the Company has experienced no loss or lack of access to cash in its operating accounts.
	Rents and Other Receivables
	The Company periodically evaluates the collectibility of amounts due from tenants and maintains an allowance for doubtful accounts for estimated losses resulting from the inability of tenants to make required payments under lease agreements. In addition, the Company maintains an allowance for deferred rent receivable that arises from the straight-lining of rents. The Company exercises judgment in establishing these allowances and considers payment history and current credit status of its tenants in developing these estimates.
	Deferred Financing Costs
Deferred financing costs represent commitment fees, loan fees, legal fees and other third-party costs associated with obtaining financing. These costs are amortized over the terms of the respective financing agreements using the interest method. Unamortized deferred financing costs are generally expensed when the associated debt is refinanced or repaid before maturity unless specific rules are met that would allow for the carryover of such costs to the refinanced debt. Costs incurred in seeking financing transactions that do not close are expensed in the period in which it is determined that the financing will not close.
Fair Value Measurements
Under GAAP, the Company is required to measure certain financial instruments at fair value on a recurring basis. In addition, the Company is required to measure other financial instruments and balances at fair value on a non-recurring basis (e.g., carrying value of impaired real estate loans receivable and long-lived assets). Fair value is defined as the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The GAAP fair value framework uses a three-tiered approach. Fair value measurements are classified and disclosed in one of the following three categories:
•	Level 1: unadjusted quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities;
•	Level 2: quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations in which significant inputs and significant value drivers are observable in active markets; and
•	Level 3: prices or valuation techniques where little or no market data is available that requires inputs that are both significant to the fair value measurement and unobservable.
When available, the Company utilizes quoted market prices from an independent third-party source to determine fair value and classifies such items in Level 1 or Level 2. In instances where the market for a financial instrument is not active, regardless of the availability of a nonbinding quoted market price, observable inputs might not be relevant and could require the Company to make a significant adjustment to derive a fair value measurement. Additionally, in an inactive market, a market price quoted from an independent third party may rely more on models with inputs based on information available only to that independent third party. When the Company determines that the market for a financial instrument owned by the Company is illiquid or when market transactions for similar instruments do not appear orderly, the Company uses several valuation sources (including internal valuations, discounted cash flow analysis and quoted market prices) and establishes a fair value by assigning weights to the various valuation sources. Additionally, when determining the fair value of liabilities in circumstances in which a quoted price in an active market for an identical liability is not available, the Company measures fair value using (i) a valuation technique that uses the quoted price of the identical liability when traded as an asset or quoted prices for similar liabilities when traded as assets or (ii) another valuation technique that is consistent with the principles of fair value measurement, such as the income approach or the market approach.
Changes in assumptions or estimation methodologies can have a material effect on these estimated fair values. In this regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, may not be realized in an immediate settlement of the instrument.
The Company considers the following factors to be indicators of an inactive market: (i) there are few recent transactions, (ii) price quotations are not based on current information, (iii) price quotations vary substantially either over time or among market makers (for example, some brokered markets), (iv) indexes that previously were highly correlated with the fair values of the asset or liability are demonstrably uncorrelated with recent indications of fair value for that asset or liability, (v) there is a significant increase in implied liquidity risk premiums, yields, or performance indicators (such as delinquency rates or loss severities) for observed transactions or quoted prices when compared with the Company’s estimate of expected cash flows, considering all available market data about credit and other nonperformance risk for the asset or liability, (vi) there is a wide bid-ask spread or significant increase in the bid-ask spread, (vii) there is a significant decline or absence of a market for new issuances (that is, a primary market) for the asset or liability or similar assets or liabilities, and (viii) little information is released publicly (for example, a principal-to-principal market).
The Company considers the following factors to be indicators of non-orderly transactions: (i) there was not adequate exposure to the market for a period before the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets or liabilities under current market conditions, (ii) there was a usual and customary marketing period, but the seller marketed the asset or liability to a single market participant, (iii) the seller is in or near bankruptcy or receivership (that is, distressed), or the seller was required to sell to meet regulatory or legal requirements (that is, forced), and (iv) the transaction price is an outlier when compared with other recent transactions for the same or similar assets or liabilities.
Dividend Reinvestment Plan
The Company has adopted a dividend reinvestment plan (the “DRP”) through which future common stockholders may elect to reinvest an amount equal to the distributions declared on their shares in additional shares of the Company’s common stock in lieu of receiving cash distributions. On March 25, 2014, the Company’s board of directors approved a fourth amended and restated dividend reinvestment plan (the “Amended DRP”). The Amended DRP became effective for purchases under the plan on or after April 6, 2014. Pursuant to the Amended DRP, the purchase price of shares of the Company’s common stock is equal to 95% of the most recently announced estimated value per share of the Company’s common stock. Prior to April 6, 2014 (the effective date of the Amended DRP), the purchase price per share under the DRP was $9.50.
On March 25, 2014, the Company’s board of directors approved an updated primary offering price for the Company’s common stock of $11.27 (unaudited) based on the estimated value of the Company’s assets less the estimated value of the Company’s liabilities, or net asset value, divided by the number of shares outstanding as of December 31, 2013, with the exception of certain adjustments for actual and expected acquisition-related costs subsequent to December 31, 2013. Commencing on April 6, 2014, the purchase price per share under the DRP was $10.71.
On December 9, 2014, the Company’s board of directors approved an updated primary offering price for the Company’s common stock of $12.24 (unaudited) based on the estimated value of the Company’s assets less the estimated value of the Company’s liabilities, or net asset value, divided by the number of shares outstanding as of September 30, 2014. Commencing on or after December 29, 2014, the purchase price per share under the DRP would be $11.63. No selling commissions or dealer manager fees will be paid on shares sold under the DRP. The board of directors of the Company may amend or terminate the DRP for any reason upon 10 days’ notice to participants.
Redeemable Common Stock
The Company has adopted a share redemption program that may enable stockholders to sell their shares to the Company in limited circumstances.
Pursuant to the share redemption program there are several limitations on the Company’s ability to redeem shares:
•	Unless the shares are being redeemed in connection with a stockholder’s death, “qualifying disability” or “determination of incompetence” (each as defined under the share redemption program), the Company may not redeem shares until the stockholder has held the shares for one year.
•	During each calendar year, redemptions are limited to the amount of net proceeds from the sale of shares under the Company’s dividend reinvestment plan during the prior calendar year and the last $1.0 million of such net proceeds shall be reserved exclusively for shares redeemed in connection with a stockholder’s death, “qualifying disability,” or “determination of incompetence” (except that the Company may increase or decrease this funding limit by providing ten business days’ notice to its stockholders).
•	During any calendar year, the Company may redeem no more than 5% of the weighted-average number of shares outstanding during the prior calendar year.
•	The Company has no obligation to redeem shares if the redemption would violate the restrictions on distributions under Maryland law, which prohibits distributions that would cause a corporation to fail to meet statutory tests of solvency.
Pursuant to the program, the Company redeemed shares at prices determined as follows:
•	92.5% of the Company’s most recent estimated value per share as of the applicable redemption date for those shares held for at least one year;
•	95.0% of the Company’s most recent estimated value per share as of the applicable redemption date for those shares held for at least two years;
•	97.5% of the Company’s most recent estimated value per share as of the applicable redemption date for those shares held for at least three years; and
•	100% of the Company’s most recent estimated value per share as of the applicable redemption date for those shares held for at least four years.
The Company’s board of directors may amend, suspend or terminate the share redemption program with 30 days’ notice to its stockholders. The Company may provide this notice by including such information in a Current Report on Form 8-K or in the Company’s annual or quarterly reports, all publicly filed with the SEC, or by a separate mailing to its stockholders.
The Company records amounts that are redeemable under the share redemption program as redeemable common stock in its consolidated balance sheets because the shares will be mandatorily redeemable at the option of the holder and therefore their redemption will be outside the control of the Company. However, because the amounts that can be redeemed will be determinable and only contingent on an event that is likely to occur (e.g., the passage of time) the Company presents the net proceeds from the current year and prior year DRP, net of current year redemptions, as redeemable common stock in its consolidated balance sheets.
The Company classifies as liabilities financial instruments that represent a mandatory obligation of the Company to redeem shares. The Company’s redeemable common shares are contingently redeemable at the option of the holder. When the Company determines it has a mandatory obligation to repurchase shares under the share redemption program, it will reclassify such obligations from temporary equity to a liability based upon their respective settlement values.
The Company limits the dollar value of shares that may be redeemed under the program as described above. For the year ended December 31, 2014, the Company had redeemed $5.1 million of common stock, which represented all redemption requests received in good order and eligible for redemption through the December 2014 redemption date. Based on the amount of net proceeds raised from the sale of shares under the dividend reinvestment plan during 2014, the Company has $9.9 million available for all redemptions in 2015, including shares that are redeemed in connection with a stockholders’ death, qualifying disability or determination of incompetence.
Related Party Transactions
Pursuant to the Advisory Agreement and Dealer Manager Agreement, the Company is or was obligated to pay the Advisor and KBS Capital Markets Group, LLC (the “Dealer Manager”) specified fees upon the provision of certain services related to the Offering, the investment of funds in real estate and real estate-related investments, management of the Company’s investments and for other services (including, but not limited to, the disposition of investments). The Company is or was also obligated to reimburse the Advisor and Dealer Manager for organization and offering costs incurred by the Advisor and the Dealer Manager on behalf of the Company, and the Company is or was obligated to reimburse the Advisor for acquisition and origination expenses and certain operating expenses incurred on behalf of the Company or incurred in connection with providing services to the Company. In addition, the Advisor is entitled to certain other fees, including an incentive fee upon achieving certain performance goals, as detailed in the Advisory Agreement. See note 10, “Related Party Transactions.”
The Company records all related party fees as incurred, subject to any limitations described in the Advisory Agreement. The Company had not incurred any subordinated participation in net cash flows or subordinated incentive listing fees payable to the Advisor through December 31, 2014.
Selling Commissions and Dealer Manager Fees
The Company paid the Dealer Manager up to 6.5% and 3.0% of the gross offering proceeds from the primary offering as selling commissions and dealer manager fees, respectively. A reduced sales commission and dealer manager fee was paid with respect to certain volume discount sales. All or a portion of the selling commissions was not charged with regard to shares sold to certain categories of purchasers. No sales commission or dealer manager fee is paid with respect to shares issued through the dividend reinvestment plan. The Dealer Manager reallowed 100% of sales commissions earned to participating broker-dealers. The Dealer Manager could reallow to certain participating broker-dealer up to 1% of the gross offering proceeds attributable to that participating broker-dealer as a marketing fee and, in special cases, the Dealer Manager could increase the reallowance.
Organization and Offering Costs
Organization and offering costs (other than selling commissions and dealer manager fees) of the Company may be paid by the Advisor, the Dealer Manager or their affiliates on behalf of the Company or may be paid directly by the Company. These offering costs include all expenses incurred by the Company in connection with the Offering. Organization costs include all expenses incurred by the Company in connection with the formation of the Company, including but not limited to legal fees and other costs to incorporate the Company.
The Company reimburses the Advisor for organization and offering costs up to an amount that, when combined with selling commissions, dealer manager fees and all other amounts spent by the Company on organization and offering expenses, does not exceed 15% of the gross proceeds of the Company’s primary offering and the offering under the DRP as of the date of reimbursement. At the termination of the primary offering and at the termination of the offering under the DRP, the Advisor agreed to reimburse the Company to the extent that selling commissions, dealer manager fees and other organization and offering expenses incurred by the Company exceed 15% of the gross offering proceeds of the respective offering.
In connection with the primary portion of the Offering, the Company reimbursed the Dealer Manager for underwriting compensation, provided that within 30 days after the end of the month in which the primary initial public offering terminated, the Dealer Manager was required to reimburse the Company to the extent that the Company’s reimbursements caused total underwriting compensation for the primary initial public offering to exceed 10% of the gross offering proceeds from such offering. The Company also paid directly or reimbursed the Dealer Manager for bona fide invoiced due diligence expenses of broker dealers. However, no reimbursements made by the Company to the Dealer Manager were allowed to cause total organization and offering expenses incurred by the Company (including selling commissions, dealer manager fees and all other items of organization and offering expenses) to exceed 15% of the aggregate gross proceeds from the Company’s primary offering and the offering under its DRP as of the date of reimbursement.
As of December 31, 2014, the Company’s selling commissions, dealer manager fees, and organization and other offering costs did not exceed 15% of the gross offering proceeds. Through December 31, 2014, including shares issued through the Company’s dividend reinvestment plan, the Company had issued 60,566,952 shares in the Offering for gross offering proceeds of $600.9 million and recorded selling commissions and dealer manager fees of $49.6 million and other offering costs of $10.7 million.  Organization costs are expensed as incurred and offering costs, which include selling commissions and dealer manager fees, are charged as incurred as a reduction to stockholders’ equity.
The Company ceased offering shares of common stock in its primary offering on November 14, 2012 and continues to offer shares under its dividend reinvestment plan.
Acquisition and Origination Fees
The Company pays the Advisor an acquisition and origination fee equal to 1% of the cost of investments acquired, or the amount funded by the Company to acquire or originate mortgage, mezzanine, bridge or other loans, including any acquisition and origination expenses related to such investments and any debt attributable to such investments.
Asset Management Fee
With respect to investments in loans and any investments other than real estate, the Company pays the Advisor a monthly fee calculated, each month, as one-twelfth of 0.75% of the lesser of (i) the amount paid or allocated to acquire or fund the loan or other investment, inclusive of acquisition and origination fees and expenses related thereto and the amount of any debt associated with or used to acquire or fund such investment and (ii) the outstanding principal amount of such loan or other investment, plus the acquisition and origination fees and expenses related to the acquisition or funding of such investment, as of the time of calculation.
With respect to investments in real estate, the Company pays the Advisor a monthly asset management fee equal to one-twelfth of 0.75% of the amount paid or allocated to acquire the investment, including the cost of subsequent capital improvements, inclusive of acquisition fees and expenses related thereto and the amount of any debt associated with or used to acquire such investment.
In the case of investments made through joint ventures, the asset management fee is determined based on the Company’s proportionate share of the underlying investment, inclusive of the Company’s proportionate share of any fees and expenses related thereto.
Disposition Fee
For substantial assistance in connection with the sale of properties or other investments, the Company pays the Advisor or its affiliates 1.0% of the contract sales price of each property or other investment sold; provided, however, in no event may the disposition fees paid to the Advisor, its affiliates and unaffiliated third parties exceed 6.0% of the contract sales price.
Income Taxes
The Company has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended. To qualify as a REIT, the Company must meet certain organizational and operational requirements, including a requirement to distribute at least 90% of the Company’s annual REIT taxable income to its stockholders (which is computed without regard to the dividends paid deduction or net capital gain and which does not necessarily equal net income as calculated in accordance with GAAP). As a REIT, the Company generally will not be subject to federal income tax to the extent it distributes qualifying dividends to its stockholders. If the Company fails to qualify as a REIT in any taxable year, it will be subject to federal income tax on its taxable income at regular corporate income tax rates and generally will not be permitted to qualify for treatment as a REIT for federal income tax purposes for the four taxable years following the year during which qualification is lost unless the Internal Revenue Service grants the Company relief under certain statutory provisions. Such an event could materially and adversely affect the Company’s net income and net cash available for distribution to stockholders. However, the Company intends to organize and operate in such a manner as to qualify for treatment as a REIT.
The Company has concluded that there are no significant uncertain tax positions requiring recognition in its financial statements. Neither the Company nor its subsidiaries have been assessed interest or penalties by any major tax jurisdictions. The Company’s evaluations were performed for the tax years ended December 31, 2014, 2013 and 2012. As of December 31, 2014, returns for the calendar year 2010 through 2013 remain subject to examination by major tax jurisdictions.
Segments
The Company has invested in non-performing loans, opportunistic real estate and other real estate-related assets. In general, the Company intends to hold its investments in non-performing loans, opportunistic real estate and other real estate-related assets for capital appreciation. Traditional performance metrics of non-performing loans, opportunistic real estate and other real estate-related assets may not be meaningful as these investments are generally non-stabilized and do not provide a consistent stream of interest income or rental revenue. These investments exhibit similar long-term financial performance and have similar economic characteristics. These investments typically involve a higher degree of risk and do not provide a constant stream of ongoing cash flows. As a result, the Company’s management views non-performing loans, opportunistic real estate and other real estate-related assets as similar investments. Substantially all of its revenue and net income (loss) is from non-performing loans, opportunistic real estate and other real estate-related assets, and therefore, the Company currently aggregates its operating segments into one reportable business segment.
Per Share Data
Basic net income (loss) per share of common stock is calculated by dividing net income (loss) by the weighted-average number of shares of common stock issued and outstanding during such period. Diluted net income (loss) per share of common stock equals basic net income (loss) per share of common stock as there were no potentially dilutive securities outstanding during the years ended December 31, 2014, 2013 and 2012.
Distributions declared per share were $0.26, $0.44 and $0.40 during the years ended December 31, 2014, 2013 and 2012, respectively.
Square Footage, Occupancy and Other Measures
Square footage, number of acres, occupancy and other measures used to describe real estate and real estate-related investments included in the Notes to Consolidated Financial Statements are presented on an unaudited basis.
Recently Issued Accounting Standards Updates
In April 2014, the FASB issued ASU No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (“ASU No. 2014-08”).  ASU No. 2014-08 limits discontinued operations reporting to disposals of components of an entity that represent a strategic shift that has (or will have) a major effect on an entity’s operations and financial results when any of the following occurs: a) the component of an entity or group of components of an entity meets the criteria to be classified as held for sale; b) the component of an entity or group of components of an entity is disposed of by sale; or c) the component of an entity or group of components of an entity is disposed of other than by sale.  ASU No. 2014-08 also requires additional disclosures about discontinued operations.  ASU No. 2014-08 is effective for reporting periods beginning after December 15, 2014.  Early adoption is permitted, but only for disposals (or classifications as held for sale) that have not been reported in financial statements previously issued or available for issuance. The Company early adopted ASU No. 2014-08 for the reporting period beginning January 1, 2014.  As a result of the adoption of ASU No. 2014-08, results of operations for properties that are classified as held for sale in the ordinary course of business on or subsequent to January 1, 2014 would generally be included in continuing operations on the Company’s consolidated statements of operations, to the extent such disposals did not meet the criteria for classification as a discontinued operation. Additionally, any gain or loss on sale of real estate that does not meet the criteria for classification as a discontinued operation would be included in income from continuing operations on the consolidated statements of operations.
In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU No. 2014-09”).  ASU No. 2014-09 requires an entity to recognize the revenue to depict the transfer of 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 and services.  ASU No. 2014-09 supersedes the revenue requirements in Revenue Recognition (Topic 605) and most industry-specific guidance throughout the Industry Topics of the Codification.  ASU No. 2014-09 does not apply to lease contracts within the scope of Leases (Topic 840). ASU No. 2014-09 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, and is to be applied retrospectively, with early application not permitted.  The Company is still evaluating the impact of adopting ASU No. 2014-09 on its financial statements, but does not expect the adoption of ASU No. 2014-09 to have a material impact on its financial statements.
In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements (Subtopic 205-40), Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU No. 2014-15”). The amendments in ASU No. 2014-15 require management to evaluate, for each annual and interim reporting period, whether there are conditions or events, considered in the aggregate, that raise substantial doubt about an entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or are available to be issued when applicable) and, if so, provide related disclosures. ASU No. 2014-15 is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early adoption is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The Company does not expect the adoption of ASU 2014-15 to have a material impact on its financial statements.
In January 2015, the FASB issued ASU No. 2015-01, Income Statement - Extraordinary and Unusual Items (Subtopic 225-20), Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items (“ASU No. 2015-01”). The amendments in ASU No. 2015-01 eliminate from GAAP the concept of extraordinary items.  Although the amendments will eliminate the requirements in Subtopic 225-20 for reporting entities to consider whether an underlying event or transaction is extraordinary, the presentation and disclosure guidance for items that are unusual in nature or occur infrequently will be retained and will be expanded to include items that are both unusual in nature and infrequently occurring. ASU No. 2015-01 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company does not expect the adoption of ASU 2015-01 to have a significant impact on its financial statements.

RECENT_ACQUISITIONS_OF_REAL_ES

RECENT ACQUISITIONS OF REAL ESTATE	12 Months Ended
	Dec. 31, 2014
Business Combinations [Abstract]
BUSINESS ACQUISITIONS	RECENT ACQUISITIONS OF REAL ESTATE
	During the year ended December 31, 2014, the Company acquired the following properties (in thousands):
											Intangibles
	Property Name	City		State	Acquisition Date		Land		Building and Improvements		Tenant Origination and Absorption Costs		Above-Market Lease Assets		Below-Market			Other Intangible Assets			Total
															Lease Liabilities						Purchase
																					Price
	Plaza Buildings	Bellevue		WA	1/14/14		$	53,040	$	124,212	$	8,945	$	196	$	(2,392	)	$	—		$	184,001
	424 Bedford (1)	Brooklyn		NY	1/31/14		8,860		24,266		554		—		—			4,547		(2)	38,227
							$	61,900	$	148,478	$	9,499	$	196	$	(2,392	)	$	4,547		$	222,228
	_____________________
	(1) In connection with the acquisition of 424 Bedford, the Company assumed the 424 Bedford Mortgage Loan from the seller. The Company recorded the mortgage debt with a principal balance of $26.3 million assumed at an estimated fair value of $24.8 million, net of a discount on note payable of $1.5 million due to a below-market interest rate. The discount on note payable is amortized over the remaining life of the loan of 8.7 years. See Note 8, “Notes and Bond Payable” for more information.
	(2) The property is subject to a property tax abatement from the city’s department of housing preservation and development. The estimated fair value of the property tax abatement of $4.5 million was recorded as prepaid expenses and other assets on the Company’s consolidated balance sheet as of the acquisition date and amortized on a straight-line basis over the projected property tax abatement period of approximately 12.4 years. Amortization of the property tax abatement asset is included in depreciation and amortization expense on the accompanying consolidated statements of operations
	The intangible assets and liabilities acquired in connection with these acquisitions have weighted-average amortization periods as of the dates of each acquisition as follows (in years):
		Tenant Origination and		Above-Market	Below-Market
		Absorption Costs		Lease Assets	Lease Liabilities
	Plaza Buildings	5.8		5.2	4.3
	424 Bedford	0.5		—	—
	During the year ended December 31, 2014, the Company recorded each real estate acquisition as a business combination, and expensed $4.4 million of acquisition costs. For the year ended December 31, 2014, the Company recognized $17.7 million of total revenues and $12.3 million of operating expenses from these properties.
	Investment in Undeveloped Land
	On September 4, 2014, the Company, through an indirect wholly owned subsidiary, and JP-Richardson, LLC, an affiliate of JP Realty Partners, LTD., entered into a joint venture agreement (the “Richardson Land II Joint Venture”) and on September 4, 2014, the Richardson Land II Joint Venture acquired 20 acres of undeveloped land in Richardson, Texas (the “Richardson Land II”). JP Realty Partners is a joint venture partner in the Richardson Portfolio Joint Venture (see Note 4). The seller was not affiliated with the Company or the Advisor.
	The Company owns a 90% controlling membership interest in the Richardson Land II Joint Venture and exercises significant control and therefore consolidates the Richardson Land II Joint Venture in its financial statements. Income and losses are generally allocated among the members such that each member’s capital account is proportionately equal to the distributions that would be made to each member if the Richardson Land II Joint Venture were dissolved pursuant to the provisions of the joint venture agreement. The Company records the portion of the Richardson Land II Joint Venture not owned by the Company as noncontrolling interest. The purchase price, including acquisition fees and expenses, for the Richardson Land II was $7.5 million, all of which was recorded as land.
	PRO FORMA FINANCIAL INFORMATION (UNAUDITED)
	The following table summarizes, on an unaudited pro forma basis, the combined results of operations of the Company for the years ended December 31, 2014 and 2013. The Company acquired one office building and one apartment property during the year ended December 31, 2014, which were accounted for as business combinations. The following unaudited pro forma information for the years ended December 31, 2014 and 2013 has been prepared to give effect to the acquisition of the Plaza Buildings as if the acquisition had occurred on January 1, 2013. This pro forma information does not purport to represent what the actual results of operations of the Company would have been had the acquisition occurred on this date, nor does it purport to predict the results of operations for future periods (in thousands, except share and per share amounts).
		For the Years Ended December 31,
		2014			2013
	Revenues	$	106,693		$	82,168
	Depreciation and amortization	47,317			$	34,120
	Net (loss) income attributable to common stockholders	(21,137		)	$	9,212
	Net (loss) income per common share, basic and diluted	(0.35		)	$	0.16
	Weighted-average number of common shares outstanding, basic and diluted	59,714,540			58,359,568
	The unaudited pro forma information for the year ended December 31, 2014 was adjusted to exclude $2.1 million of acquisition costs incurred in 2014 in connection with the acquisition of the above property.

REAL_ESTATE_HELD_FOR_INVESTMEN

REAL ESTATE HELD FOR INVESTMENT	12 Months Ended
	Dec. 31, 2014
Real Estate [Abstract]
REAL ESTATE HELD FOR INVESTMENT	REAL ESTATE HELD FOR INVESTMENT
	As of December 31, 2014, the Company owned 12 office properties, one office campus consisting of nine office buildings, one office portfolio consisting of four office buildings and 63 acres of undeveloped land, one office portfolio consisting of three office properties and one retail property encompassing, in the aggregate, approximately 4.6 million rentable square feet. As of December 31, 2014, these properties were 80% occupied. In addition, the Company owned two apartment properties containing 383 units and encompassing approximately 0.3 million rentable square feet, which were 87% occupied. The Company also owned two investments in undeveloped land encompassing an aggregate of 1,670 acres. The following table summarizes the Company’s real estate held for investment as of December 31, 2014 and December 31, 2013, respectively (in thousands):
			December 31, 2014				31-Dec-13
	Land		$	233,221			$	159,596
	Buildings and improvements		635,082				459,136
	Tenant origination and absorption costs		50,956				48,012
	Total real estate, cost		919,259				666,744
	Accumulated depreciation and amortization		(64,171		)		(29,859		)
	Total real estate, net		$	855,088			$	636,885
	The following table provides summary information regarding the Company’s real estate held for investment as of December 31, 2014 (in thousands):
	Property		Date Acquired or Foreclosed on		City		State		Property Type		Land		Building		Tenant Origination and Absorption		Total		Accumulated Depreciation and Amortization			Total		Ownership %
													and Improvements				Real Estate, at Cost (1)					Real Estate,
																						Net
	Academy Point Atrium I		11/3/10		Colorado Springs		CO		Office		$	1,056	$	1,544	$	—	$	2,600	$	—		$	2,600	100	%
	Northridge Center I & II		3/25/11		Atlanta		GA		Office		2,234		6,574		—		8,808		(1,233		)	7,575		100	%
	Iron Point Business Park		6/21/11		Folsom		CA		Office		2,671		19,153		150		21,974		(2,893		)	19,081		100	%
	1635 N. Cahuenga Building		8/3/11		Los Angeles		CA		Office		3,112		4,876		149		8,137		(783		)	7,354		70	%
	Richardson Portfolio:
	Palisades Central I		11/23/11		Richardson		TX		Office		1,037		9,566		847		11,450		(1,575		)	9,875		90	%
	Palisades Central II		11/23/11		Richardson		TX		Office		810		17,319		1,554		19,683		(3,690		)	15,993		90	%
	Greenway I		11/23/11		Richardson		TX		Office		561		2,186		—		2,747		(405		)	2,342		90	%
	Greenway III		11/23/11		Richardson		TX		Office		702		3,829		823		5,354		(1,210		)	4,144		90	%
	Undeveloped Land		11/23/11		Richardson		TX		Undeveloped Land		7,794		—		—		7,794		—			7,794		90	%
	Total Richardson Portfolio										10,904		32,900		3,224		47,028		(6,880		)	40,148
	Park Highlands		12/30/11		North Las Vegas		NV		Undeveloped Land		28,229		—		—		28,229		—			28,229		50.1	%
	Bellevue Technology Center		7/31/12		Bellevue		WA		Office		25,506		51,428		3,813		80,747		(5,334		)	75,413		100	%
	Powers Ferry Landing East		9/24/12		Atlanta		GA		Office		1,643		7,670		106		9,419		(818		)	8,601		100	%
	1800 West Loop		12/4/12		Houston		TX		Office		8,360		59,366		5,557		73,283		(6,987		)	66,296		100	%
	West Loop I & II		12/7/12		Houston		TX		Office		7,300		29,228		3,004		39,532		(4,017		)	35,515		100	%
	Burbank Collection		12/12/12		Burbank		CA		Retail		4,175		9,111		945		14,231		(854		)	13,377		90	%
	Austin Suburban Portfolio		3/28/13		Austin		TX		Office		8,288		66,035		4,588		78,911		(7,465		)	71,446		100	%
	Westmoor Center		6/12/13		Westminster		CO		Office		10,058		66,361		9,785		86,204		(9,388		)	76,816		100	%
	Central Building		7/10/13		Seattle		WA		Office		7,015		25,277		2,301		34,593		(2,130		)	32,463		100	%
	50 Congress Street		7/11/13		Boston		MA		Office		9,876		40,357		3,457		53,690		(3,828		)	49,862		100	%
	1180 Raymond		8/20/13		Newark		NJ		Apartment		8,292		36,350		136		44,778		(1,579		)	43,199		100	%
	Park Highlands II		12/10/13		North Las Vegas		NV		Undeveloped Land		21,224		—		—		21,224		—			21,224		99.5	%
	Maitland Promenade II		12/18/13		Orlando		FL		Office		3,434		23,606		4,811		31,851		(2,161		)	29,690		100	%
	Plaza Buildings		1/14/14		Bellevue		WA		Office		53,040		130,430		8,930		192,400		(7,204		)	185,196		100	%
	424 Bedford		1/31/14		Brooklyn		NY		Apartment		8,860		24,816		—		33,676		(617		)	33,059		90	%
	Richardson Land II		9/4/14		Richardson		TX		Undeveloped Land		7,944		—		—		7,944		—			7,944		90	%
											$	233,221	$	635,082	$	50,956	$	919,259	$	(64,171	)	$	855,088
	_____________________
	(1) Amounts are net of impairment charges.
	Operating Leases
	Certain of the Company’s real estate properties are leased to tenants under operating leases for which the terms and expirations vary. As of December 31, 2014, the leases, excluding options to extend and apartment leases, which have terms that are generally one year or less, had remaining terms of up to 13.3 years with a weighted-average remaining term of 3.7 years. Some of the leases have provisions to extend the lease agreements, options for early termination after paying a specified penalty, rights of first refusal to purchase the property at competitive market rates, and other terms and conditions as negotiated. The Company retains substantially all of the risks and benefits of ownership of the real estate assets leased to tenants. Generally, upon the execution of a lease, the Company requires a security deposit from tenants in the form of a cash deposit and/or a letter of credit. The amount required as a security deposit varies depending upon the terms of the respective leases and the creditworthiness of the tenant, but generally are not significant amounts. Therefore, exposure to credit risk exists to the extent that a receivable from a tenant exceeds the amount of its security deposit. Security deposits received in cash and assumed in real estate acquisitions or foreclosures related to tenant leases are included in other liabilities in the accompanying consolidated balance sheets and totaled $5.0 million and $3.5 million as of December 31, 2014 and 2013, respectively.
	During the years ended December 31, 2014, 2013 and 2012, the Company recognized deferred rent from tenants of $8.4 million, $4.6 million and $1.8 million, respectively, net of lease incentive amortization. As of December 31, 2014 and 2013, the cumulative deferred rent receivable balance, including unamortized lease incentive receivables, was $16.8 million and $7.8 million, respectively, and is included in rents and other receivables on the accompanying balance sheets. The cumulative deferred rent balance included $1.6 million and $1.2 million of unamortized lease incentives as of December 31, 2014 and 2013, respectively. The Company records property operating expense reimbursements due from tenants for common area maintenance, real estate taxes, and other recoverable costs in the period the related expenses are incurred.
	As of December 31, 2014, the future minimum rental income from the Company’s properties, excluding apartment leases, under non-cancelable operating leases was as follows (in thousands):
	2015	$	71,423
	2016	67,503
	2017	57,789
	2018	46,839
	2019	34,868
	Thereafter	70,270
		$	348,692
	As of December 31, 2014, the Company’s commercial real estate properties were leased to approximately 500 tenants over a diverse range of industries and geographic areas. The Company’s highest tenant industry concentrations (greater than 10% of annualized base rent) were as follows:
	Industry		Number of		Annualized				Percentage of
			Tenants		Base Rent (1)				Annualized
					(in thousands)				Base Rent
	Finance		49		$	11,619			15.2	%
	Computer System Design & Programming		39		9,350				12.2	%
	Insurance Carriers & Related Activities		26		7,816				10.2	%
	Professional, Scientific & Legal		57		7,634				10	%
					$	36,419			47.6	%
	_____________________
(1) Annualized base rent represents annualized contractual base rental income as of December 31, 2014, adjusted to straight-line any contractual tenant concessions (including free rent), rent increases and rent decreases from the lease’s inception through the balance of the lease term.
No other tenant industries accounted for more than 10% of annualized base rent. No material tenant credit issues have been identified at this time.
Geographic Concentration Risk
As of December 31, 2014, the Company’s real estate investments in Washington and Texas represented 28.7% and 21.6% of the Company’s total assets, respectively.  As a result, the geographic concentration of the Company’s portfolio makes it particularly susceptible to adverse economic developments in the Washington and Texas real estate markets.  Any adverse economic or real estate developments in these markets, such as business layoffs or downsizing, industry slowdowns, relocations of businesses, changing demographics and other factors, or any decrease in demand for office space resulting from the local business climate, could adversely affect the Company’s operating results and its ability to make distributions to stockholders.
Impairment of Real Estate
Due to changes in cash flow estimates, the Company has recognized non-cash impairment charges to write-down the carrying value of one of its real estate investments to its estimated fair value.  During the year ended December 31, 2014, the Company recorded an aggregate impairment charge of $0.6 million on Academy Point Atrium I.  This impairment resulted from changes in leasing projections due to longer estimated lease-up periods, resulting in a decrease to the projected cash flows the property was expected to generate.
Property Damage
During the year ended December 31, 2014, two of the Company’s apartment properties suffered physical damages due to frozen pipes. The Company’s insurance policy provides coverage for property damage and business interruption subject to a deductible of up to $25,000 per incident. Based on management’s estimates, the Company recognized an estimated aggregate loss due to damages of $0.7 million during the year ended December 31, 2014, which was reduced by $0.7 million of estimated insurance recoveries related to such damages, which the Company determined were probable of collection. The aggregate net loss due to damages of $50,000 during the year ended December 31, 2014 was classified as operating, maintenance and management expenses on the accompanying consolidated statements of operations and relates to the Company’s insurance deductible. Through December 31, 2014, the Company received insurance proceeds of $0.4 million related to these two incidents. As of December 31, 2014, the total estimated insurance proceeds to be collected of $0.3 million were classified as deferred financing costs, prepaid expenses and other assets on the accompanying consolidated balance sheets.

TENANT_ORIGINATION_AND_ABSORPT

TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES	12 Months Ended
	Dec. 31, 2014
Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities [Abstract]
TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES	TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES
	As of December 31, 2014 and 2013, the Company’s tenant origination and absorption costs, above-market lease assets and below-market lease liabilities (excluding fully amortized assets and liabilities and accumulated amortization) were as follows (in thousands):
		Tenant Origination and						Above-Market						Below-Market
		Absorption Costs						Lease Assets						Lease Liabilities
		December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
		2014			2013			2014			2013			2014			2013
	Cost	$	50,956		$	48,012		$	3,752		$	4,394		$	(7,585	)	$	(5,955	)
	Accumulated Amortization	(19,215		)	(10,751		)	(1,691		)	(1,459		)	3,182			1,535
	Net Amount	$	31,741		$	37,261		$	2,061		$	2,935		$	(4,403	)	$	(4,420	)
	Increases (decreases) in net income as a result of amortization of the Company’s tenant origination and absorption costs, above-market lease assets and below-market lease liabilities for the years ended December 31, 2014, 2013 and 2012 are as follows (in thousands):
		Tenant Origination and									Above-Market									Below-Market
		Absorption Costs									Lease Assets									Lease Liabilities
		For the Years Ended December 31,									For the Years Ended December 31,									For the Years Ended December 31,
		2014			2013			2012			2014			2013			2012			2014		2013		2012
	Amortization	$	(15,020	)	$	(10,942	)	$	(3,689	)	$	(1,070	)	$	(1,456	)	$	(1,095	)	$	2,409	$	1,565	$	229
	The remaining unamortized balance for these outstanding intangible assets and liabilities as of December 31, 2014 will be amortized for the years ending December 31 as follows (in thousands):
		Tenant			Above-Market			Below-Market
		Origination and			Lease Assets			Lease Liabilities
		Absorption Costs
	2015	$	(10,381	)	$	(760	)	$	1,662
	2016	(7,612		)	(581		)	1,122
	2017	(5,223		)	(343		)	745
	2018	(3,389		)	(188		)	488
	2019	(1,998		)	(82		)	159
	Thereafter	(3,138		)	(107		)	227
		$	(31,741	)	$	(2,061	)	$	4,403
	Weighted-Average Remaining Amortization Period	4.4 years			3.6 years			3.7 years
	Additionally, as of December 31, 2014 and 2013, the Company had recorded unamortized tax abatement intangible assets, which are included in prepaid expenses and other assets in the accompanying balance sheets, of $8.2 million and $4.6 million, respectively.  During the years ended December 31, 2014 and 2013, the Company recorded amortization expense of $0.9 million and $0.2 million related to tax abatement intangible assets, respectively.

REAL_ESTATE_LOAN_RECEIVABLE

REAL ESTATE LOAN RECEIVABLE	12 Months Ended
	Dec. 31, 2014
Receivables [Abstract]
REAL ESTATE LOANS RECEIVABLE	REAL ESTATE LOAN RECEIVABLE
	As of December 31, 2014 and 2013, the Company owned one real estate loan receivable that it had originated. The information for that real estate loan receivable as of December 31, 2014 and 2013 is set forth below (in thousands):
	Loan Name		Date Acquired/ Originated		Property Type	Loan Type		Outstanding Principal Balance as of December 31, 2014 (1)				Book Value		Book Value as of December 31, 2013 (2)		Contractual Interest Rate (3)	Annualized Effective Interest Rate (3)	Maturity Date
	Location of Related Property or											as of December 31, 2014 (2)
	Collateral
	University House First Mortgage
	New York, New York (4)		3/20/13		Student Housing	Mortgage		$	27,850			$	27,422	$	21,893	11.00%	14.20%	6/30/15
	_____________________
	(1) Outstanding principal balance as of December 31, 2014 represents original principal balance outstanding under the loan, increased for any subsequent fundings, including interest income deferred until maturity.
	(2) Book value of the real estate loan receivable represents outstanding principal balance adjusted for unamortized acquisition discounts, origination fees and direct origination and acquisition costs and additional interest accretion.
	(3) Contractual interest rates are the stated interest rates on the face of the loans. Annualized effective interest rates are calculated as the actual interest income recognized in 2014, using the interest method, annualized (if applicable) and divided by the average amortized cost basis of the investment. The annualized effective interest rates and contractual interest rates presented are as of December 31, 2014.
	(4) During the year ended December 31, 2014, the Company and the borrower under the University House First Mortgage entered into a loan modification under which the maturity date was extended to June 30, 2015 and the Company advanced an additional $5.9 million to the borrower.
	The following summarizes the activity related to the real estate loan receivable for the year ended December 31, 2014 (in thousands):
	Real estate loan receivable - December 31, 2013	$	21,893
	Advance on real estate loan receivable	5,850
	Extension fee on real estate loan receivable	(935		)
	Accretion of closing costs and origination fees on real estate loan receivable, net	614
	Real estate loan receivable - December 31, 2014	$	27,422
	For the years ended December 31, 2014, 2013 and 2012 interest income from real estate loans receivable consisted of the following (in thousands):
			2014			2013				2012
	Contractual interest income (including deferred interest)		$	2,752		$	8,248			$	1,202
	Accretion of closing costs and origination fees, net		614			842				52
	Interest accretion		—			1,186				454
	Interest income from real estate loans receivable		$	3,366		$	10,276			$	1,708

REAL_ESTATE_HELD_FOR_SALE_AND_

REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS	12 Months Ended
	Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]
REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS	REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS
	The Company early adopted ASU 2014-08 for the reporting period beginning January 1, 2014.  As a result of the adoption of ASU 2014-08, properties that are classified as held for sale in the ordinary course of business on or subsequent to January 1, 2014 would generally be included in continuing operations on the Company’s consolidated statements of operations.  Properties that were classified as held for sale in financial statements previously issued will remain in discontinued operations on the Company’s consolidated statements of operations.  Prior to the adoption of ASU 2014-08, the operations of properties held for sale or to be disposed of and the aggregate net gains recognized upon their disposition were presented as discontinued operations in the accompanying consolidated statements of operations for all periods presented.  During the year ended December 31, 2013, the Company disposed of three office buildings and one industrial/flex property, all of which are included in discontinued operations on the Company’s consolidated statements of operations.  During the year ended December 31, 2014, the Company disposed of one office property and no properties were classified as held for sale as of December 31, 2014.
	During the year ended December 31, 2014, the Company sold one office property, which was not classified as held for sale in financial statements issued for the reporting period prior to January 1, 2014. In accordance with the Company’s early adoption of ASU No. 2014-08, the operations of this property and gain on sale are included in continuing operations on the accompanying statements of operations. The following table summarizes certain revenue and expenses related to this property for the years ended December 31, 2014, 2013 and 2012 (in thousands):
		Years Ended December 31,
		2014			2013			2012
	Total revenues	$	240		$	291		$	287
	Total expenses	252			920			436
	Discontinued Operations
	The following table summarizes certain revenue and expenses related to properties sold prior to January 1, 2014 for the years ended December 31, 2014, 2013 and 2012 (in thousands):
		Years Ended December 31,
		2014			2013			2012
	Total revenues and other income	$	—		$	1,387		$	1,029
	Total expenses	18			2,754			2,645
	Loss from discontinued operations before gain on sales of real estate	(18		)	(1,367		)	(1,616		)
	Gain on sales of real estate, net	—			13,108			593
	Total (loss) income from discontinued operations	$	(18	)	$	11,741		$	(1,023	)

NOTES_AND_BOND_PAYABLE

NOTES AND BOND PAYABLE	12 Months Ended
	Dec. 31, 2014
Notes and Bonds Payable [Abstract]
NOTES AND BOND PAYABLE	NOTES AND BOND PAYABLE
	As of December 31, 2014 and December 31, 2013, the Company’s notes and bond payable consisted of the following (dollars in thousands):
		Principal as of		Principal as of December 31, 2013		Contractual Interest Rate as of December 31, 2014 (1)	Effective Interest Rate at December 31, 2014 (1)	Payment Type	Maturity
		31-Dec-14							Date (2)
	Richardson Portfolio Mortgage Loan (3)	$	38,000	$	31,566	One-Month LIBOR + 2.10%	2.26%	Interest Only	5/1/17
	Bellevue Technology Center Mortgage Loan (4)	49,836		47,408		One-Month LIBOR + 2.25%	2.41%	Interest Only	3/1/17
	Portfolio Revolving Loan Facility (5)	12,447		3,379		One-Month LIBOR + 2.25%	2.41%	Interest Only	5/1/17
	Portfolio Mortgage Loan (6)	93,751		82,766		One-Month LIBOR + 2.50%	2.66%	Interest Only	7/1/17
	1635 N. Cahuenga Mortgage Loan (7)	4,650		4,650		One-Month LIBOR + 2.35%	2.51%	Interest Only	8/1/16
	Burbank Collection Mortgage Loan (8)	9,043		8,200		One-Month LIBOR + 2.35%	2.54%	Interest Only	9/30/16
	50 Congress Mortgage Loan (9)	26,935		26,535		One-Month LIBOR + 1.90%	2.06%	Interest Only	10/1/17
	1180 Raymond Bond Payable	6,945		7,085		6.50%	6.50%	Principal	9/1/36
								& Interest
	Central Building Mortgage Loan (10)	24,896		24,100		One-Month LIBOR + 1.75%	1.91%	Interest Only	11/13/18
	Maitland Promenade II Mortgage Loan (11)	20,182		20,182		One-Month LIBOR + 2.90%	3.25%	Interest Only	1/1/17
	Westmoor Center Mortgage Loan (12)	54,880		—		One-Month LIBOR + 2.25%	2.41%	Interest Only	2/1/18
	Plaza Buildings Senior Loan (13)	109,707		—		One-Month LIBOR + 1.90%	2.06%	Interest Only	1/14/17
	Plaza Buildings Mezzanine Loan (14)	25,000		—		(14)	8.10%	Interest Only	1/14/17
	424 Bedford Mortgage Loan (15)	25,866		—		3.91%	3.91%	Principal	10/1/22
								& Interest
	1180 Raymond Mortgage Loan	28,100		—		One-Month LIBOR + 2.25%	2.41%	Interest Only	12/1/17
	Total Notes and Bond Payable principal outstanding	530,238		255,871
	Net Premium/Discount on Notes and Bond Payable (16)	25		1,549
	Total Notes and Bond Payable, net	$	530,263	$	257,420
	_____________________
	(1) Contractual interest rate represents the interest rate in effect under the loan as of December 31, 2014. Effective interest rate is calculated as the actual interest rate in effect as of December 31, 2014 (consisting of the contractual interest rate and contractual floor rates), using interest rate indices at December 31, 2014, where applicable.
	(2) Represents the initial maturity date or the maturity date as extended as of December 31, 2014; subject to certain conditions, the maturity dates of certain loans may be extended beyond the date shown.
	(3) The Company owns a 90% equity interest in the joint venture that owns the Richardson Portfolio. As of December 31, 2014, $38.0 million had been disbursed to the Company and the remaining $3.5 million is available for future disbursements, subject to certain conditions contained in the loan documents. Monthly payments are initially interest only. Beginning June 2015, monthly payments include principal and interest with principal payments of up to approximately $64,000 per month.
	(4) As of December 31, 2014, $49.8 million had been disbursed to the Company and the remaining $3.2 million is available for future disbursements to be used for tenant improvements, leasing commissions and capital improvements, subject to certain conditions contained in the loan documents. Monthly payments are initially interest only. Beginning March 1, 2016, monthly payments also include principal amortization payments of up to $60,000 per month.
	(5) The Portfolio Revolving Loan Facility is secured by the 1800 West Loop Building and the Iron Point Business Park. The Portfolio Revolving Loan Facility is comprised of $59.5 million of revolving debt and $13.0 million of non-revolving debt available to be used for tenant improvements, leasing commissions and capital improvements, subject to certain terms and conditions contained in the loan documents. As of December 31, 2014, $5.5 million of revolving debt and $6.9 million of non-revolving debt had been disbursed to the Company and the remaining $54.0 million of revolving debt and $6.1 million of non-revolving debt is available for future disbursements, subject to certain conditions contained in the loan documents. Monthly payments are initially interest only. Beginning June 1, 2016, and to the extent that there are amounts outstanding under the non-revolving portion of the loan, monthly payments will include interest and principal amortization payments of up to $80,000 per month.
	(6) As of December 31, 2014, $93.8 million had been disbursed to the Company with $13.8 million of debt available for future disbursements to be used for tenant improvements, leasing commissions and capital improvements, subject to certain terms and conditions contained in the loan documents. Monthly payments are initially interest only. Beginning July 1, 2016, monthly payments will include principal and interest with principal payments calculated using an amortization schedule of 30 years and an assumed annual interest rate of 6.0%.
	(7) The Company owns a 70% equity interest in the joint venture that owns the 1635 N. Cahuenga Building. As of December 31, 2014, $4.7 million had been disbursed and $2.0 million remains available for future disbursements, subject to certain terms and conditions contained in the loan documents. Monthly payments are initially interest only. Beginning August 1, 2015, monthly payments will also include principal amortization payments of $7,000 per month.
	(8) The Company owns a 90% equity interest in the joint venture that owns the Burbank Collection. As of December 31, 2014, $9.0 million had been disbursed and $2.2 million remains available for future disbursements, subject to certain terms and conditions contained in the loan documents.
	(9) As of December 31, 2014, $26.9 million of the 50 Congress Mortgage Loan was funded and $5.9 million remains available, $2.9 million of which is available for future disbursements to be used for tenant improvements, leasing commissions and capital improvements at 50 Congress and $3.0 million of which is available through October 1, 2016, subject to certain terms and conditions contained in the loan documents. Monthly payments are initially interest only. Beginning November 1, 2016, monthly payments will also include principal amortization payments of $32,000 per month.
	(10) As of December 31, 2014, $24.9 million of the Central Building Mortgage Loan was funded, and $2.7 million remains available for future disbursements to be used for tenant improvements, leasing commissions and capital improvements, subject to certain terms and conditions contained in the loan documents.
	(11) As of December 31, 2014, $20.2 million of the Maitland Promenade II Mortgage Loan was funded and $2.8 million remains available for future disbursements to be used for tenant improvements, leasing commissions, capital improvements and interest shortfalls, subject to certain terms and conditions contained in the loan documents. Interest on the loan is calculated at a variable annual rate of 290 basis points over one-month LIBOR, but at no point shall the interest rate be less than 3.25%. Beginning February 1, 2016, monthly payments will include principal and interest with principal payments calculated using an amortization schedule of 30 years. Monthly payments are initially interest only.
	(12) As of December 31, 2014, $54.9 million had been disbursed and $7.1 million remains available for future disbursements, subject to certain terms and conditions contained in the loan documents. Monthly payments are initially interest only. Beginning March 1, 2017, monthly payments include principal and interest with principal payments calculated using an amortization schedule of 30 years and an annual interest rate of 6.5%.
	(13) As of December 31, 2014, $109.7 million had been disbursed and $1.3 million remains available for future disbursements, subject to certain terms and conditions contained in the loan documents. Monthly payments are initially interest only. Beginning with the February 2016 payment, monthly payments may include principal and interest, with principal payments calculated using an amortization schedule of 30 years and an annual interest rate of 6.5%.
	(14) Interest on this loan is calculated as a floating rate of 785 basis points over one-month LIBOR, but at no point shall interest rate be less than 8.10%. As of December 31, 2014, $25.0 million had been disbursed and $5.0 million remains available for future disbursements, subject to certain terms and conditions contained in the loan documents.
	(15) The Company owns a 90% equity interest in the joint venture that owns 424 Bedford. Monthly payments include principal and interest, with principal payments calculated using an amortization schedule of 30 years.
	(16) Represents the unamortized premium/discount on notes and bond payable due to the above- and below-market interest rates when the debt was assumed. The discount/premium is amortized over the remaining life of the notes and bond payable.
	During the years ended December 31, 2014, 2013 and 2012, the Company incurred $15.6 million, $2.7 million and $2.2 million of interest expense, respectively. Included in interest expense for the years ended December 31, 2014, 2013 and 2012, was $2.8 million, $0.7 million and $0.3 million of amortization of deferred financing costs, respectively. Additionally, during the years ended December 31, 2014 and 2013, the Company capitalized $2.0 million and $2.7 million of interest, respectively, to our investments in undeveloped land. As of December 31, 2014 and 2013, the Company’s deferred financing costs were $6.2 million and $5.0 million, respectively, net of amortization, and are included in prepaid expenses and other assets on the accompanying consolidated balance sheets. As of December 31, 2014 and 2013, the Company’s interest payable was $1.2 million and $0.5 million, respectively.
	The following is a schedule of maturities, including principal amortization payments, for all notes and bond payable outstanding as of December 31, 2014 (in thousands):
	2015	$	2,005
	2016	19,079
	2017	402,133
	2018	80,972
	2019	7,805
	Thereafter	18,244
		$	530,238
	The Company’s notes payable contain financial debt covenants. As of December 31, 2014, the Company was in compliance with all of these debt covenants.

FAIR_VALUE_DISCLOSURES

FAIR VALUE DISCLOSURES	12 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
FAIR VALUE DISCLOSURES	FAIR VALUE DISCLOSURES
	Under GAAP, the Company is required to measure certain financial instruments at fair value on a recurring basis. In addition, the Company is required to measure other financial instruments and balances at fair value on a non-recurring basis (e.g., carrying value of impaired real estate loans receivable and long-lived assets). Fair value is defined as the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The GAAP fair value framework uses a three-tiered approach. Fair value measurements are classified and disclosed in one of the following three categories:
	•	Level 1: unadjusted quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities;
	•	Level 2: quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations in which significant inputs and significant value drivers are observable in active markets; and
	•	Level 3: prices or valuation techniques where little or no market data is available that requires inputs that are both significant to the fair value measurement and unobservable.
	The fair value for certain financial instruments is derived using valuation techniques that involve significant management judgment. The price transparency of financial instruments is a key determinant of the degree of judgment involved in determining the fair value of the Company’s financial instruments. Financial instruments for which actively quoted prices or pricing parameters are available and for which markets contain orderly transactions will generally have a higher degree of price transparency than financial instruments for which markets are inactive or consist of non-orderly trades. The Company evaluates several factors when determining if a market is inactive or when market transactions are not orderly. The following is a summary of the methods and assumptions used by management in estimating the fair value of each class of financial instruments for which it is practicable to estimate the fair value:
	Cash and cash equivalents, rent and other receivables, and accounts payable and accrued liabilities: These balances     approximate their fair values due to the short maturities of these items.
	Real estate loan receivable: The Company’s real estate loan receivable is presented in the accompanying consolidated balance sheets at its amortized cost net of recorded loan loss reserves and not at fair value. The fair values of real estate loans receivable are estimated using an internal valuation model that considers the expected cash flows for the loans, underlying collateral values (for collateral dependent loans) and estimated yield requirements of institutional investors for loans with similar characteristics, including remaining loan term, loan-to-value, type of collateral and other credit enhancements. The Company classifies these inputs as Level 3 inputs.
	Notes and bond payable: The fair values of the Company’s notes and bond payable are estimated using a discounted cash flow analysis based on management’s estimates of current market interest rates for instruments with similar characteristics, including remaining loan term, loan-to-value ratio, type of collateral and other credit enhancements. Additionally, when determining the fair value of liabilities in circumstances in which a quoted price in an active market for an identical liability is not available, the Company measures fair value using (i) a valuation technique that uses the quoted price of the identical liability when traded as an asset or quoted prices for similar liabilities or similar liabilities when traded as assets or (ii) another valuation technique that is consistent with the principles of fair value measurement, such as the income approach or the market approach. The Company classifies these inputs as Level 3 inputs.
	The following were the face values, carrying amounts and fair values of the Company’s financial instruments as of December 31, 2014 and December 31, 2013, which carrying amounts do not approximate the fair values (in thousands):
			31-Dec-14									31-Dec-13
			Face Value			Carrying Amount			Fair Value			Face Value		Carrying Amount		Fair Value
	Financial assets:
	Real estate loan receivable		$	27,850		$	27,422		$	27,813		$	22,000	$	21,893	$	22,000
	Financial liabilities:
	Notes and bond payable		$	530,238		$	530,263		$	534,045		$	255,871	$	257,420	$	258,876
	Disclosure of the fair value of financial instruments is based on pertinent information available to the Company as of the period end and requires a significant amount of judgment. Despite increased capital market and credit market activity, transaction volume for certain financial instruments remains relatively low. This has made the estimation of fair values difficult and, therefore, both the actual results and the Company’s estimate of value at a future date could be materially different.
	Assets and Liabilities Recorded at Fair Value
	During the year ended December 31, 2014, the Company measured the following assets and liabilities at fair value (in thousands):
					Fair Value Measurements Using
		Total			Quoted Prices in			Significant Other			Significant
					Active Markets for			Observable Inputs			Unobservable
					Identical Assets			(Level 2)			Inputs
					(Level 1)						(Level 3)
	Nonrecurring Basis (1):
	424 Bedford Mortgage Loan	$	(24,793	)	$	—		$	—		$	(24,793	)
	Impaired real estate held for investment	$	2,600		$	—		$	—		$	2,600
	_____________________
	(1) Amounts reflect the fair values of the assets and liabilities at the time each event occurred.
	In connection with the acquisition of 424 Bedford, the Company assumed the 424 Bedford Mortgage Loan from the seller. The Company estimated the fair value of the 424 Bedford Mortgage Loan by performing a discounted cash flow analysis and the discount rate applied to future estimated debt payments was 4.80%.
	As of December 31, 2014, one of the Company’s real estate properties held for investment was measured at fair value as the property was impaired and the carrying values of the property was adjusted to fair value. The Company estimated the fair value for the impaired real estate property held for investment by performing a 10-year discounted cash flow analysis. The property is vacant and the terminal capitalization rate and discount rate used to estimate the fair value of the property were 9.0% and 10.0%, respectively.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS
	The Advisory Agreement entitles the Advisor and the Dealer Manager Agreement previously entitled the Dealer Manager, to specified fees upon the provision of certain services with regard to the Offering, the investment of funds in real estate and real estate-related investments and the disposition of real estate and real estate-related investments (including the discounted payoff of non-performing loans) among other services, as well as reimbursement of organization and offering costs incurred by the Advisor and the Dealer Manager on behalf of the Company and certain costs incurred by the Advisor in providing services to the Company. The Advisory Agreement may also entitle the Advisor to certain back-end cash flow participation fees. The Company also entered into a fee reimbursement agreement (the “AIP Reimbursement Agreement”) with KBS Capital Markets Group LLC, the dealer manager for the Company’s initial public offering (the “Dealer Manager”), pursuant to which the Company agreed to reimburse the Dealer Manager for certain fees and expenses it incurs for administering the Company’s participation in the Depository Trust & Clearing Corporation Alternative Investment Product Platform with respect to certain accounts of the Company’s investors serviced through the platform. The Advisor and Dealer Manager also serve as the advisor and dealer manager, respectively, for KBS Real Estate Investment Trust, Inc. (“KBS REIT I”), KBS Real Estate Investment Trust II, Inc. (“KBS REIT II”), KBS Real Estate Investment Trust III, Inc. (“KBS REIT III”), KBS Legacy Partners Apartment REIT, Inc. (“KBS Legacy Partners Apartment REIT”), KBS Strategic Opportunity REIT II, Inc. (“KBS Strategic Opportunity REIT II”) and KBS Growth & Income REIT, Inc. (“KBS Growth & Income REIT”).
	On January 6, 2014, the Company, together with KBS REIT I, KBS REIT II, KBS REIT III, KBS Legacy Partners Apartment REIT, KBS Strategic Opportunity REIT II, the Dealer Manager, the Advisor and other KBS-affiliated entities, entered into an errors and omissions and directors and officers liability insurance program where the lower tiers of coverage are shared. The cost of these lower tiers is allocated by the Advisor and its insurance broker among each of the various entities covered by the plan, and is billed directly to each entity. The allocation of these shared coverage costs is proportionate to the pricing by the insurance marketplace for the first tiers of directors and officers liability coverage purchased individually by each REIT. The Advisor’s and the Dealer Manager’s portion of the shared lower tiers’ cost is proportionate to the respective entities’ prior cost for the errors and omissions insurance.
	During the years ended December 31, 2014, 2013 and 2012, no other transactions occurred between the Company and the other KBS-sponsored programs, except that on May 18, 2012, the Company entered into a joint venture in which KBS REIT I owns a participation interest, as described in Note 11.  However, KBS REIT I does not have any equity interest in the joint venture. None of the other joint venture partners are affiliated with the Company or the Advisor.
	Pursuant to the terms of these agreements, summarized below are the related-party costs incurred by the Company for the years ended December 31, 2014, 2013 and 2012, respectively, and any related amounts payable as of December 31, 2014 and December 31, 2013 (in thousands):
		Incurred						Payable as of
								December 31,
		2014		2013		2012		2014		2013
	Expensed
	Asset management fees (1)	$	7,648	$	4,173	$	1,710	$	—	$	—
	Real estate acquisition fees	2,231		2,784		2,206		—		—
	Reimbursable operating expenses (2)	157		139		118		—		—
	Disposition fees (3)	—		322		21		—		—
	Additional Paid-in Capital
	Selling commissions	—		—		20,683		—		—
	Dealer manager fees	—		—		10,451		—		—
	Reimbursable other offering costs	—		—		1,825		—		—
	Capitalized
	Acquisition and origination fees on real estate loans receivable	—		220		790		—		—
	Acquisition fee on investment in unconsolidated joint venture	1,573		—		—		—		—
	Acquisition fee on undeveloped land	67		199		—		—		—
		$	11,676	$	7,837	$	37,804	$	—	$	—
	_____________________
	(1) Amounts include asset management fees from discontinued operations.
	(2) The Advisor may seek reimbursement for certain employee costs under the Advisory Agreement. The Company has reimbursed the Advisor for the Company’s allocable portion of the salaries, benefits and overhead of internal audit department personnel providing services to the Company. These amounts totaled $141,000, $134,000 and $103,000 for the years ended December 31, 2014, 2013 and 2012, respectively, and were the only employee costs reimbursed under the Advisory Agreement during these periods. The Company will not reimburse for employee costs in connection with services for which the Advisor earns acquisition, origination or disposition fees (other than reimbursement of travel and communication expenses) or for the salaries or benefits the Advisor or its affiliates may pay to the Company’s executive officers.
	(3) Disposition fees with respect to real estate sold are included in the gain on sales of real estate in the accompanying consolidated statements of operations.

INVESTMENT_IN_UNCONSOLIDATED_J

INVESTMENT IN UNCONSOLIDATED JOINT VENTURES	12 Months Ended
	Dec. 31, 2014
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES	INVESTMENT IN UNCONSOLIDATED JOINT VENTURES
	As of December 31, 2014 and 2013, the Company’s investments in unconsolidated joint ventures were composed of the following (dollars in thousands):
							Investment Balance at December 31,
	Joint Venture	Number of Properties		Location	Ownership %		2014		2013
	NIP Joint Venture	23		Various	Less than 5.0%		$	5,305	$	7,484
	110 William Joint Venture	1		New York, New York	60.00%		66,740		8,854
							$	72,045	$	16,338
	Investment in National Industrial Portfolio Joint Venture
	On May 18, 2012, the Company, through an indirect wholly owned subsidiary, entered into a joint venture (the “NIP Joint Venture”) with OCM NIP JV Holdings, L.P. and HC KBS NIP JV, LLC (“HC-KBS”). The NIP Joint Venture owns 23 industrial properties and a master lease with respect to another industrial property encompassing 11.4 million square feet. The Company made an initial capital contribution of $8.0 million which represents less than a 5.0% ownership interest in the NIP Joint Venture as of December 31, 2014. The Company has virtually no influence over the NIP Joint Venture’s operations, financial policies or decision making. Accordingly, the Company has accounted for its investment in the NIP Joint Venture under the cost method of accounting. Income, losses and distributions from the NIP Joint Venture are generally allocated among the members based on their respective equity interests.
	KBS REIT I, an affiliate of the Advisor, is a member of HC-KBS and has a participation interest in certain future potential profits generated by the NIP Joint Venture.  However, KBS REIT I does not have any equity interest in the NIP Joint Venture. None of the other joint venture partners are affiliated with the Company or the Advisor.
	As of December 31, 2014 and 2013, the book value of the Company’s investment in the NIP Joint Venture was $5.3 million and $7.5 million, respectively. During the year ended December 31, 2014, the Company recognized $2.2 million of return of capital from the NIP Joint Venture. During the year ended December 31, 2013, the Company recognized $0.1 million of income distributions and $0.4 million of return of capital from the NIP Joint Venture. During the year ended December 31, 2012, the Company recognized $0.1 million of income distributions and $0.1 million of return of capital from the NIP Joint Venture.
	Investment in 110 William Joint Venture
	On December 23, 2013, the Company, through an indirect wholly owned subsidiary, entered into an agreement with SREF III 110 William JV, LLC (the “110 William JV Partner”) to form a joint venture (the “110 William Joint Venture”). On May 2, 2014, the 110 William Joint Venture acquired an office property containing 928,157 rentable square feet located on approximately 0.8 acres of land in New York, New York (“110 William Street”). At acquisition, 110 William Street was 97% leased to 33 tenants. Each of the Company and the 110 William JV Partner hold a 60% and 40% ownership interest in the 110 William Joint Venture, respectively. The Company exercises significant influence over the operations, financial policies and decision making with respect to the 110 William Joint Venture but significant decisions require approval from both members. Accordingly, the Company has accounted for its investment in the 110 William Joint Venture under the equity method of accounting. Income, losses and distributions are generally allocated based on the members’ respective equity interests.
	The contractual purchase price of 110 William Street was $261.1 million plus closing costs. The 110 William Joint Venture funded the purchase of 110 William Street through (i) the assumption of an existing first mortgage loan from an unaffiliated lender with a face amount of $141.5 million bearing interest at a fixed rate of 4.8% per annum and maturing on July 6, 2017, (ii) the assumption of an existing mezzanine loan from an unaffiliated lender with a face amount of $20.0 million bearing interest at a fixed rate of 9.5% per annum and maturing on July 6, 2017 and (iii) contributions from the Company and the 110 William JV Partner to the 110 William Joint Venture.
	As of December 31, 2014 and 2013, the book value of the Company’s investment in the 110 William Joint Venture was $66.7 million and $8.9 million, respectively. During the years ended December 31, 2014 and 2013, the Company recognized an equity in loss of unconsolidated joint venture of $1.1 million and $0.1 million, respectively, related to the Company’s share of income and expenses earned and incurred by the 110 William Joint Venture.
	Summarized financial information for the 110 William Joint Venture follows (in thousands):
		31-Dec-14			31-Dec-13
	Assets:
	Real estate assets, net of accumulated depreciation and amortization	$	276,683		$	—
	Other assets	15,858			15,000
	Total assets	$	292,541		$	15,000
	Liabilities and Equity:
	Notes payable, net	168,178			—
	Other liabilities	15,796			243
	Partners’ capital	108,567			14,757
	Total Liabilities and Equity	$	292,541		$	15,000
		For the Years Ended December 31,
		2014			2013
	Revenues	$	22,536		$	—
	Expenses:
	Operating, maintenance, and management	6,869			—
	Real estate taxes and insurance	3,476			—
	Real estate acquisition fees and expenses	1,016			244
	Depreciation and amortization	8,806			—
	Interest expense	4,193			—
	Total expenses	24,360			244
	Total other income	36			—
	Net loss	(1,788		)	(244		)
	Company’s equity in loss of unconsolidated joint venture	$	(1,101	)	$	(146	)

PRO_FORMA_FINANCIAL_INFORMATIO

PRO FORMA FINANCIAL INFORMATION (UNAUDITED)	12 Months Ended
	Dec. 31, 2014
Business Acquisition, Pro Forma Information [Abstract]
BUSINESS ACQUISITIONS	RECENT ACQUISITIONS OF REAL ESTATE
	During the year ended December 31, 2014, the Company acquired the following properties (in thousands):
											Intangibles
	Property Name	City		State	Acquisition Date		Land		Building and Improvements		Tenant Origination and Absorption Costs		Above-Market Lease Assets		Below-Market			Other Intangible Assets			Total
															Lease Liabilities						Purchase
																					Price
	Plaza Buildings	Bellevue		WA	1/14/14		$	53,040	$	124,212	$	8,945	$	196	$	(2,392	)	$	—		$	184,001
	424 Bedford (1)	Brooklyn		NY	1/31/14		8,860		24,266		554		—		—			4,547		(2)	38,227
							$	61,900	$	148,478	$	9,499	$	196	$	(2,392	)	$	4,547		$	222,228
	_____________________
	(1) In connection with the acquisition of 424 Bedford, the Company assumed the 424 Bedford Mortgage Loan from the seller. The Company recorded the mortgage debt with a principal balance of $26.3 million assumed at an estimated fair value of $24.8 million, net of a discount on note payable of $1.5 million due to a below-market interest rate. The discount on note payable is amortized over the remaining life of the loan of 8.7 years. See Note 8, “Notes and Bond Payable” for more information.
	(2) The property is subject to a property tax abatement from the city’s department of housing preservation and development. The estimated fair value of the property tax abatement of $4.5 million was recorded as prepaid expenses and other assets on the Company’s consolidated balance sheet as of the acquisition date and amortized on a straight-line basis over the projected property tax abatement period of approximately 12.4 years. Amortization of the property tax abatement asset is included in depreciation and amortization expense on the accompanying consolidated statements of operations
	The intangible assets and liabilities acquired in connection with these acquisitions have weighted-average amortization periods as of the dates of each acquisition as follows (in years):
		Tenant Origination and		Above-Market	Below-Market
		Absorption Costs		Lease Assets	Lease Liabilities
	Plaza Buildings	5.8		5.2	4.3
	424 Bedford	0.5		—	—
	During the year ended December 31, 2014, the Company recorded each real estate acquisition as a business combination, and expensed $4.4 million of acquisition costs. For the year ended December 31, 2014, the Company recognized $17.7 million of total revenues and $12.3 million of operating expenses from these properties.
	Investment in Undeveloped Land
	On September 4, 2014, the Company, through an indirect wholly owned subsidiary, and JP-Richardson, LLC, an affiliate of JP Realty Partners, LTD., entered into a joint venture agreement (the “Richardson Land II Joint Venture”) and on September 4, 2014, the Richardson Land II Joint Venture acquired 20 acres of undeveloped land in Richardson, Texas (the “Richardson Land II”). JP Realty Partners is a joint venture partner in the Richardson Portfolio Joint Venture (see Note 4). The seller was not affiliated with the Company or the Advisor.
	The Company owns a 90% controlling membership interest in the Richardson Land II Joint Venture and exercises significant control and therefore consolidates the Richardson Land II Joint Venture in its financial statements. Income and losses are generally allocated among the members such that each member’s capital account is proportionately equal to the distributions that would be made to each member if the Richardson Land II Joint Venture were dissolved pursuant to the provisions of the joint venture agreement. The Company records the portion of the Richardson Land II Joint Venture not owned by the Company as noncontrolling interest. The purchase price, including acquisition fees and expenses, for the Richardson Land II was $7.5 million, all of which was recorded as land.
	PRO FORMA FINANCIAL INFORMATION (UNAUDITED)
	The following table summarizes, on an unaudited pro forma basis, the combined results of operations of the Company for the years ended December 31, 2014 and 2013. The Company acquired one office building and one apartment property during the year ended December 31, 2014, which were accounted for as business combinations. The following unaudited pro forma information for the years ended December 31, 2014 and 2013 has been prepared to give effect to the acquisition of the Plaza Buildings as if the acquisition had occurred on January 1, 2013. This pro forma information does not purport to represent what the actual results of operations of the Company would have been had the acquisition occurred on this date, nor does it purport to predict the results of operations for future periods (in thousands, except share and per share amounts).
		For the Years Ended December 31,
		2014			2013
	Revenues	$	106,693		$	82,168
	Depreciation and amortization	47,317			$	34,120
	Net (loss) income attributable to common stockholders	(21,137		)	$	9,212
	Net (loss) income per common share, basic and diluted	(0.35		)	$	0.16
	Weighted-average number of common shares outstanding, basic and diluted	59,714,540			58,359,568
	The unaudited pro forma information for the year ended December 31, 2014 was adjusted to exclude $2.1 million of acquisition costs incurred in 2014 in connection with the acquisition of the above property.

SELECTED_QUARTERLY_FINANCIAL_D

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)	SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
	Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2014 and 2013 (in thousands, except per share amounts):
		2014
		First Quarter			Second Quarter			Third Quarter			Fourth Quarter
	Revenues	$	24,626		$	26,244		$	27,598		$	27,686
	Net loss	$	(9,894	)	$	(5,480	)	$	(3,426	)	$	(4,948	)
	Net loss attributable to common stockholders	$	(9,617	)	$	(5,331	)	$	(3,367	)	$	(4,879	)
	Net loss per common share, basic and diluted	$	(0.16	)	$	(0.09	)	$	(0.06	)	$	(0.08	)
	Distributions declared per common share (1)	$	0.049		$	0.056		$	0.069		$	0.088
		2013
		First Quarter			Second Quarter			Third Quarter			Fourth Quarter
	Revenues	$	10,463		$	14,361		$	23,281		$	20,391
	Net income (loss)	$	1,741		$	(2,429	)	$	7,260		$	5,017
	Net income (loss) attributable to common	$	1,411		$	(2,343	)	$	7,344		$	5,081
	stockholders
	Net income (loss) per common share, basic and	$	0.02		$	(0.04	)	$	0.13		$	0.09
	diluted
	Distributions declared per common share (1)	$	0.062		$	—		$	—		$	0.38
	_____________________
	(1) On March 20, 2013, the Company’s board of directors authorized a distribution in the amount of $0.06153498 per share of common stock to stockholders of record as of the close of business on March 22, 2013. The Company paid this distribution on April 4, 2013. On November 11, 2013, the Company’s board of directors authorized a distribution in the amount of $0.38 per share of common stock to stockholders of record as of the close of business on November 13, 2013. The Company paid this distribution on December 5, 2013. On March 6, 2014, the Company’s board of directors authorized a distribution in the amount of $0.04931507 per share of common stock to stockholders of record as of the close of business on March 31, 2014. The Company paid this distribution on April 15, 2014. On May 8, 2014, the Company’s board of directors authorized a distribution in the amount of $0.056096 per share of common stock to stockholders of record as of the close of business on June 16, 2014. The Company paid this distribution on June 23, 2014. On August 4, 2014, the Company’s board of directors authorized a distribution in the amount of $0.069315 per share of common stock to stockholders of record as of the close of business on September 15, 2014. The Company paid this distribution on September 24, 2014. On November 12, 2014, our board of directors authorized a distribution in the amount of $0.088219 per share of common stock to stockholders of record as of the close of business on December 15, 2014. The Company paid this distribution on December 29, 2014. Investors could choose to receive cash distributions or purchase additional shares under the dividend reinvestment plan.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES
	Economic Dependency
	The Company is dependent on the Advisor for certain services that are essential to the Company, including the identification, evaluation, negotiation, origination, acquisition and disposition of investments; management of the daily operations of the Company’s investment portfolio; and other general and administrative responsibilities. In the event that the Advisor is unable to provide these services, the Company will be required to obtain such services from other sources.
	Environmental
	As an owner of real estate, the Company is subject to various environmental laws of federal, state and local governments. Although there can be no assurance, the Company is not aware of any environmental liability that could have a material adverse effect on its financial condition or results of operations as of December 31, 2014. However, changes in applicable environmental laws and regulations, the uses and conditions of properties in the vicinity of the Company’s properties, the activities of its tenants and other environmental conditions of which the Company is unaware with respect to the properties could result in future environmental liabilities.
	Legal Matters
	From time to time, the Company is a party to legal proceedings that arise in the ordinary course of its business. Management is not aware of any legal proceedings of which the outcome is probable or reasonably possible to have a material adverse effect on the Company’s results of operations or financial condition, which would require accrual or disclosure of the contingency and the possible range of loss. Additionally, the Company has not recorded any loss contingencies related to legal proceedings in which the potential loss is deemed to be remote.

EARNINGS_PER_SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2014
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE
	The following table presents the computation of basic and diluted earnings per share (in thousands, except share and per share amounts):
		For the Year Ended December 31,
		2014			2013			2012
	Numerator
	Loss from continuing operations	$	(23,730	)	$	(152	)	$	(9,072	)
	Loss from continuing operations attributable to noncontrolling interests	554			302			232
	(Loss) income from continuing operations attributable to common stockholders	(23,176		)	150			(8,840		)
	Total (loss) income from discontinued operations	(18		)	11,741			(1,023		)
	Total (income) loss from discontinued operations attributable to noncontrolling interests	—			(398		)	101
	Total (loss) income from discontinued operations attributable to common stockholders	(18		)	11,343			(922		)
	Net (loss) income attributable to common stockholders	$	(23,194	)	$	11,493		$	(9,762	)
	Denominator
	Weighted-average number of common shares outstanding, basic and diluted	59,714,540			58,359,568			35,458,656
	Basic and diluted (loss) income per common share:
	Continuing operations	$	(0.39	)	$	—		$	(0.25	)
	Discontinued operations	—			0.2			(0.03		)
	Net (loss) income per common share	$	(0.39	)	$	0.2		$	(0.28	)

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS
	The Company evaluates subsequent events up until the date the consolidated financial statements are issued.
	Distribution Declared
	On March 5, 2015, the Company’s board of directors authorized a distribution in the amount of $0.09246575 per share of common stock to stockholders of record as of the close of business on March 20, 2015. The Company expects to pay this distribution on March 26, 2015. The board of directors will declare distributions from time to time based on the Company’s income, cash flow and investing and financing activities. As such, the Company can also give no assurances as to the timing, amount or notice with respect to any other future distribution declarations.

SCHEDULE_III_REAL_ESTATE_ASSET

SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION	12 Months Ended
	Dec. 31, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION	SCHEDULE III
	REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION
	31-Dec-14
	(dollar amounts in thousands)
								Initial Cost to Company										Gross Amount at which Carried at Close of Period
	Description	Location		Ownership Percent	Encumbrances			Land			Building and Improvements (1)		Total		Cost Capitalized Subsequent to Acquisition (2)			Land		Building and Improvements (1)		Total (3)		Accumulated Depreciation and Amortization			Original Date of Construction	Date
																												Acquired or Foreclosed on
	Properties Held for Investment
	Academy Point Atrium I	Colorado Springs, CO		100.00%	$	—		$	1,650		$	1,223	$	2,873	$	(273	)	$	1,056	$	1,544	$	2,600	$	—		1981	11/3/10
	Northridge Center I & II	Atlanta, GA		100.00%	(6)			2,234			4,457		6,691		2,117			2,234		6,574		8,808		(1,233		)	1985/1989	3/25/11
	Iron Point Business Park	Folsom, CA		100.00%	(5)			2,671			16,576		19,247		2,727			2,671		19,303		21,974		(2,893		)	1999/2001	6/21/11
	1635 N. Cahuenga Building	Los Angeles, CA		70.00%	4,650			3,112			4,245		7,357		780			3,112		5,025		8,137		(783		)	1983	8/3/11
	Richardson Portfolio
	Palisades Central I	Richardson, TX		90.00%	(4)			1,037			8,628		9,665		1,785			1,037		10,413		11,450		(1,575		)	1980	11/23/11
	Palisades Central II	Richardson, TX		90.00%	(4)			810			17,117		17,927		1,756			810		18,873		19,683		(3,690		)	1985	11/23/11
	Greenway I	Richardson, TX		90.00%	(4)			561			1,170		1,731		1,016			561		2,186		2,747		(405		)	1983	11/23/11
	Greenway III	Richardson, TX		90.00%	(4)			702			4,083		4,785		569			702		4,652		5,354		(1,210		)	1983	11/23/11
	Undeveloped Land	Richardson, TX		90.00%	(4)			5,500			—		5,500		2,294			7,794		—		7,794		—			N/A	11/23/11
	Total Richardson Portfolio				38,000			8,610			30,998		39,608		7,420			10,904		36,124		47,028		(6,880		)
	Park Highlands	North Las Vegas, NV		50.10%	—			21,000			—		21,000		7,229			28,229		—		28,229		—			N/A	12/30/11
	Bellevue Technology Center	Bellevue, WA		100.00%	49,836			25,506			52,411		77,917		2,830			25,506		55,241		80,747		(5,334		)	1973-2000	7/31/12
	Powers Ferry Landing East	Atlanta, GA		100.00%	(6)			1,643			3,761		5,404		4,015			1,643		7,776		9,419		(818		)	1980/1982/1985	9/24/12
	1800 West Loop	Houston, TX		100.00%	(5)			8,360			59,292		67,652		5,631			8,360		64,923		73,283		(6,987		)	1982	12/4/12
	West Loop I & II	Houston, TX		100.00%	(6)			7,300			29,742		37,042		2,490			7,300		32,232		39,532		(4,017		)	1980/1981	12/7/12
	Burbank Collection	Burbank, CA		90.00%	9,043			4,175			8,799		12,974		1,257			4,175		10,056		14,231		(854		)	2008	12/12/12
	Austin Suburban Portfolio	Austin, TX		100.00%	(6)			8,288			67,745		76,033		2,878			8,288		70,623		78,911		(7,465		)	1985/1986/2000	3/28/13
	Westmoor Center	Westminster, CO		100.00%	54,880			10,058			73,510		83,568		2,636			10,058		76,146		86,204		(9,388		)	1998/1999	6/12/13
	Central Building	Seattle, WA		100.00%	24,896			7,015			26,124		33,139		1,454			7,015		27,578		34,593		(2,130		)	1907	7/10/13
	50 Congress Street	Boston, MA		100.00%	26,935			9,876			43,455		53,331		359			9,876		43,814		53,690		(3,828		)	1910/1915	7/11/13
	1180 Raymond	Newark, NJ		100.00%	35,045			8,292			37,651		45,943		(1,165		)	8,292		36,486		44,778		(1,579		)	1929	8/20/13
	Park Highlands II	North Las Vegas, NV		99.50%	—			20,255			—		20,255		969			21,224		—		21,224		—			N/A	12/10/13
	Maitland Promenade II	Orlando, FL		100.00%	20,182			3,434			27,282		30,716		1,135			3,434		28,417		31,851		(2,161		)	2001	12/18/13
	Plaza Buildings	Bellevue, WA		100.00%	134,707			53,040			133,157		186,197		6,203			53,040		139,360		192,400		(7,204		)	1978/1983	1/14/14
	424 Bedford	Brooklyn, NY		90.00%	25,866			8,860			24,820		33,680		(4		)	8,860		24,816		33,676		(617		)	2010	1/31/14
	Richardson Land II	Richardson, TX		90.00%	—			7,462			—		7,462		482			7,944		—		7,944		—			N/A	9/4/14
		Total Properties Held for Investment						$	222,841		$	645,248	$	868,089	$	51,170		$	233,221	$	686,038	$	919,259	$	(64,171	)
	____________________
	(1) Building and improvements include tenant origination and absorption costs.
	(2) Costs capitalized subsequent to acquisition is net of write-offs of fully depreciated/amortized assets.
	(3) The aggregate cost of real estate for federal income tax purposes was $955.8 million as of December 31, 2014.
	(4) As of December 31, 2014, $38.0 million of debt was outstanding secured by the Richardson Portfolio.
	(5) As of December 31, 2014, $12.4 million of debt was outstanding secured by 1800 West Loop and Iron Point Business Park.
	(6) As of December 31, 2014, $93.8 million of debt was outstanding secured by Northridge Center I & II, Powers Ferry Landing East, West Loop I & II and the Austin Suburban Portfolio.
	SCHEDULE III
	REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION (CONTINUED)
	31-Dec-14
	(dollar amounts in thousands)
		2014			2013			2012
	Real Estate (1):
	Balance at the beginning of the year	$	668,018		$	326,154		$	110,335
	Acquisitions (2)	227,339			342,985			212,152
	Improvements	36,942			24,670			8,284
	Write-off of fully depreciated and fully amortized assets	(10,362		)	(5,835		)	(3,360		)
	Impairments	(697		)	(2,025		)	—
	Loss due to property damages	(707		)	—			—
	Sales	(1,274		)	(17,931		)	(1,257		)
	Balance at the end of the year	$	919,259		$	668,018		$	326,154
	Accumulated depreciation and amortization (1):
	Balance at the beginning of the year	$	29,859		$	8,521		$	2,583
	Depreciation and amortization expense	44,848			28,956			9,305
	Write-off of fully depreciated and fully amortized assets	(10,362		)	(5,835		)	(3,360		)
	Impairments	(118		)	(638		)	—
	Sales	(56		)	(1,145		)	(7		)
	Balance at the end of the year	$	64,171		$	29,859		$	8,521
____________________
(1) Amounts include real estate held for sale.
(2) Acquisitions includes properties which the Company acquired through foreclosure on or to which it otherwise received title.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Principles of Consolidation and Basis of Presentation	The consolidated financial statements include the accounts of the Company, REIT Holdings, the Operating Partnership and their direct and indirect wholly owned subsidiaries, and joint ventures in which the Company has a controlling interest. All significant intercompany balances and transactions are eliminated in consolidation.
	The consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) and the rules and regulations of the SEC.
Use of Estimates	The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could materially differ from those estimates.
Reclassifications	Certain amounts in the Company’s prior period consolidated financial statements have been reclassified to conform to the current period presentation. These reclassifications have not changed the results of operations of prior periods. The Company early adopted ASU No. 2014-08 (defined below) for the reporting period beginning January 1, 2014. As a result, certain reclassifications were made to the consolidated balance sheets, statements of operations and footnote disclosures for all applicable periods presented to reflect properties sold or held for sale during the period ended December 31, 2014. Operating results of properties that were classified as held for sale in financial statements prior to January 1, 2014 will remain in discontinued operations on the Company’s consolidated statements of operations. Operating results of properties that were disposed of or classified as held for sale in the ordinary course of business during the year ended December 31, 2014 that had not been classified as held for sale in financial statements prior to January 1, 2014 are included in continuing operations on the Company’s consolidated statements of operations.
Revenue Recognition, Real Estate	The Company recognizes minimum rent, including rental abatements, lease incentives and contractual fixed increases attributable to operating leases, on a straight-line basis over the term of the related leases when collectibility is reasonably assured and records amounts expected to be received in later years as deferred rent receivable. If the lease provides for tenant improvements, the Company determines whether the tenant improvements, for accounting purposes, are owned by the tenant or the Company. When the Company is the owner of the tenant improvements, the tenant is not considered to have taken physical possession or have control of the physical use of the leased asset until the tenant improvements are substantially completed. When the tenant is the owner of the tenant improvements, any tenant improvement allowance (including amounts that can be taken in the form of cash or a credit against the tenant’s rent) that is funded is treated as a lease incentive and amortized as a reduction of revenue over the lease term. Tenant improvement ownership is determined based on various factors including, but not limited to:
	•	whether the lease stipulates how a tenant improvement allowance may be spent;
	•	whether the amount of a tenant improvement allowance is in excess of market rates;
	•	whether the tenant or landlord retains legal title to the improvements at the end of the lease term;
	•	whether the tenant improvements are unique to the tenant or general-purpose in nature; and
	•	whether the tenant improvements are expected to have any residual value at the end of the lease.
	The Company records property operating expense reimbursements due from tenants for common area maintenance, real estate taxes, and other recoverable costs in the period the related expenses are incurred.
	The Company makes estimates of the collectibility of its tenant receivables related to base rents, including deferred rent, expense reimbursements and other revenue or income. Management specifically analyzes accounts receivable, deferred rents receivable, historical bad debts, customer creditworthiness, current economic trends and changes in customer payment terms when evaluating the adequacy of the allowance for doubtful accounts. In addition, with respect to tenants in bankruptcy, management makes estimates of the expected recovery of pre-petition and post-petition claims in assessing the estimated collectibility of the related receivable. In some cases, the ultimate resolution of these claims can exceed one year. When a tenant is in bankruptcy, the Company will record a bad debt reserve for the tenant’s receivable balance and generally will not recognize subsequent rental revenue until cash is received or until the tenant is no longer in bankruptcy and has the ability to make rental payments.
Revenue Recognition, Real Estate Loans Receivable	Interest income on the Company’s real estate loans receivable is recognized on an accrual basis over the life of the investment using the interest method. Direct loan origination or acquisition fees and costs, as well as acquisition premiums or discounts, are amortized over the term of the loan as an adjustment to interest income. The Company places loans on nonaccrual status when any portion of principal or interest is 90 days past due, or earlier when concern exists as to the ultimate collection of principal or interest. When a loan is placed on nonaccrual status, the Company reverses the accrual for unpaid interest and generally does not recognize subsequent interest income until cash is received, or the loan returns to accrual status. Generally, a loan may be returned to accrual status when all delinquent principal and interest are brought current in accordance with the terms of the loan agreement and certain performance criteria have been met.
	The Company will recognize interest income on loans purchased at discounts to face value where the Company expects to collect less than the contractual amounts due under the loan when that expectation is due, at least in part, to the credit quality of the borrower. Income is recognized at an interest rate equivalent to the estimated yield on the loan, as calculated using the carrying value of the loan and the expected cash flows. Changes in estimated cash flows are recognized through an adjustment to the yield on the loan on a prospective basis. Projecting cash flows for these types of loans requires a significant amount of assumptions and judgment, which may have a significant impact on the amount and timing of revenue recognized on these investments. The Company recognizes interest income on non-performing loans on a cash basis since these loans generally do not have an estimated yield and collection of principal and interest is not assured.
Revenue Recognition, Real Estate Securities	The Company recognizes interest income on real estate securities that are beneficial interests in securitized financial assets and are rated “AA” and above on an accrual basis according to the contractual terms of the securities. Discounts or premiums are amortized to interest income over the life of the investment using the interest method.
	The Company recognizes interest income on real estate securities that are beneficial interests in securitized financial assets that are rated below “AA” using the effective yield method, which requires the Company to periodically project estimated cash flows related to these securities and recognize interest income at an interest rate equivalent to the estimated yield on the security, as calculated using the security’s estimated cash flows and amortized cost basis, or reference amount. Changes in the estimated cash flows are recognized through an adjustment to the yield on the security on a prospective basis. Projecting cash flows for these types of securities requires significant judgment, which may have a significant impact on the timing of revenue recognized on these investments.
Revenue Recognition, Cash and Cash Equivalents	The Company recognizes interest income on its cash and cash equivalents as it is earned and records such amounts as other interest income.
Real Estate, Depreciation and Amortization	Real estate costs related to the acquisition and improvement of properties are capitalized and amortized over the expected useful life of the asset on a straight-line basis. Repair and maintenance costs are charged to expense as incurred and significant replacements and betterments are capitalized. Repair and maintenance costs include all costs that do not extend the useful life of the real estate asset. The Company considers the period of future benefit of an asset to determine its appropriate useful life. Expenditures for tenant improvements are capitalized and amortized over the shorter of the tenant’s lease term or expected useful life. The Company anticipates the estimated useful lives of its assets by class to be generally as follows:
	Buildings	25-40 years
	Building improvements	10-40 years
	Tenant improvements	Shorter of lease term or expected useful life
	Tenant origination and absorption costs	Remaining term of related leases, including below-market renewal periods
Real Estate, Real Estate Acquisition Valuation	The Company records the acquisition of income-producing real estate or real estate that will be used for the production of income as a business combination. All assets acquired and liabilities assumed in a business combination are measured at their acquisition-date fair values. Acquisition costs are expensed as incurred and restructuring costs that do not meet the definition of a liability at the acquisition date are expensed in periods subsequent to the acquisition date. Real estate obtained in satisfaction of a loan is recorded at the estimated fair value of the real estate (net of liabilities assumed) or the fair value of the loan satisfied if more clearly evident. The excess of the carrying value of the loan over the fair value of the property is charged-off against the reserve for loan losses when title to the property is obtained. Costs of holding the property are expensed as incurred in the Company’s consolidated statements of operations.
	Intangible assets include the value of in-place leases, which represents the estimated value of the net cash flows of the in-place leases to be realized, as compared to the net cash flows that would have occurred had the property been vacant at the time of acquisition and subject to lease-up. Acquired in-place lease value will be amortized to expense over the average remaining terms of the respective in-place leases, including any below-market renewal periods.
	The Company assesses the acquisition date fair values of all tangible assets, identifiable intangibles and assumed liabilities using methods similar to those used by independent appraisers, generally utilizing a discounted cash flow analysis that applies appropriate discount and/or capitalization rates and available market information. Estimates of future cash flows are based on a number of factors, including historical operating results, known and anticipated trends, and market and economic conditions. The fair value of tangible assets of an acquired property considers the value of the property as if it were vacant.
	The Company records above-market and below-market in-place lease values for acquired properties based on the present value (using a discount that reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) management’s estimate of fair market lease rates for the corresponding in-place leases, measured over a period equal to the remaining non-cancelable term of above-market in-place leases and for the initial term plus any extended term for any leases with below-market renewal options. The Company amortizes any recorded above-market or below-market lease values as a reduction or increase, respectively, to rental income over the remaining non-cancelable terms of the respective lease, including any below-market renewal periods.
	The Company estimates the value of tenant origination and absorption costs by considering the estimated carrying costs during hypothetical expected lease up periods, considering current market conditions. In estimating carrying costs, the Company includes real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease-up periods.
	The Company amortizes the value of tenant origination and absorption costs to depreciation and amortization expense over the remaining non-cancelable term of the leases.
	Estimates of the fair values of the tangible assets, identifiable intangibles and assumed liabilities require the Company to make significant assumptions to estimate market lease rates, property-operating expenses, carrying costs during lease-up periods, discount rates, market absorption periods, and the number of years the property will be held for investment. The use of inappropriate assumptions would result in an incorrect valuation of the Company’s acquired tangible assets, identifiable intangibles and assumed liabilities, which would impact the amount of the Company’s net income.
	Direct investments in undeveloped land or properties without leases in place at the time of acquisition are accounted for as an asset acquisition and not as a business combination.  Acquisition fees and expenses are capitalized into the cost basis of an asset acquisition. Additionally, during the time in which the Company is incurring costs necessary to bring these investments to their intended use, certain costs such as legal fees, real estate taxes and insurance and financing costs are also capitalized.
Real Estate, Impairments of Real Estate and Related Intangible Assets and Liabilities	The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of its real estate and related intangible assets and liabilities may not be recoverable or realized. When indicators of potential impairment suggest that the carrying value of real estate and related intangible assets and liabilities may not be recoverable, the Company assesses the recoverability by estimating whether the Company will recover the carrying value of the real estate and related intangible assets and liabilities through its undiscounted future cash flows and its eventual disposition. If, based on this analysis, the Company does not believe that it will be able to recover the carrying value of the real estate and related intangible assets and liabilities, the Company would record an impairment loss to the extent that the carrying value exceeds the estimated fair value of the real estate and related intangible assets and liabilities. During the year ended December 31, 2014, the Company recorded an impairment charge of $0.6 million with respect to one real estate property held for investment. During the year ended December 31, 2013, the Company recorded an impairment charge of $1.4 million with respect to two of its real estate properties held for investment, one of which was sold on August 29, 2014. The Company did not record any impairment losses on its real estate and related intangible assets and liabilities during the year ended December 31, 2012.
	Projecting future cash flows involves estimating expected future operating income and expenses related to the real estate and its related intangible assets and liabilities as well as market and other trends. Using inappropriate assumptions to estimate cash flows could result in incorrect fair values of the real estate and its related intangible assets and liabilities and could result in the overstatement of the carrying values of the Company’s real estate and related intangible assets and liabilities and an overstatement of its net income.
Real Estate, Insurance Proceeds for Property Damages	The Company maintains an insurance policy that provides coverage for property damages and business interruption.  Losses due to physical damages are recognized during the accounting period in which they occur, while the amount of monetary assets to be received from the insurance policy is recognized when receipt of insurance recoveries is probable.  Losses, which are reduced by the related insurance recoveries, are recorded as operating, maintenance and management expenses on the accompanying consolidated statements of operations.  Anticipated proceeds in excess of recognized losses would be considered a gain contingency and recognized when the contingency related to the insurance claim has been resolved.  Anticipated recoveries for lost rental revenue due to property damages are also considered to be a gain contingency and recognized when the contingency related to the insurance claim has been resolved.
Real Estate, Real Estate Held for Sale and Discontinued Operations	The Company generally considers real estate to be “held for sale” when the following criteria are met: (i) management commits to a plan to sell the property, (ii) the property is available for sale immediately, (iii) the property is actively being marketed for sale at a price that is reasonable in relation to its current fair value, (iv) the sale of the property within one year is considered probable and (v) significant changes to the plan to sell are not expected. Real estate that is held for sale and its related assets are classified as “real estate held for sale” and “assets related to real estate held for sale,” respectively, for all periods presented in the accompanying consolidated financial statements. Notes payable and other liabilities related to real estate held for sale are classified as “notes payable related to real estate held for sale” and “liabilities related to real estate held for sale,” respectively, for all periods presented in the accompanying consolidated financial statements. Real estate classified as held for sale is no longer depreciated and is reported at the lower of its carrying value or its estimated fair value less estimated costs to sell. Additionally, with respect to properties that were classified as held for sale in financial statements prior to January 1, 2014, the Company records the operating results as discontinued operations for all periods presented if the operations have been or are expected to be eliminated and the Company will not have any significant continuing involvement in the operations of the property following the sale. Operating results of properties that were disposed of or classified as held for sale in the ordinary course of business during the year ended December 31, 2014 that had not been classified as held for sale in financial statements prior to January 1, 2014 are included in continuing operations on the Company’s consolidated statements of operations.
Loans Receivables and Loan Loss Reserves	The Company’s real estate loans receivable are recorded at amortized cost, net of loan loss reserves (if any), and evaluated for impairment at each balance sheet date. The amortized cost of a real estate loan receivable is the outstanding unpaid principal balance, net of unamortized acquisition premiums or discounts and unamortized costs and fees directly associated with the origination or acquisition of the loan. The amount of impairment, if any, will be measured by comparing the amortized cost of the loan to the present value of the expected cash flows discounted at the loan’s effective interest rate, the loan’s observable market price, or the fair value of the collateral if the loan is collateral dependent and collection of principal and interest is not assured. If a loan is deemed to be impaired, the Company will record a loan loss reserve and a provision for loan losses to recognize impairment. As of December 31, 2014, there was no loan loss reserve and the Company did not record any impairment losses related to its real estate loans receivable during the years ended December 31, 2014, 2013 and 2012.
	The reserve for loan losses is a valuation allowance that reflects management’s estimate of loan losses inherent in the loan portfolio as of the balance sheet date. The reserve is adjusted through “Provision for loan losses” on the Company’s consolidated statements of operations and is decreased by charge-offs to specific loans when losses are confirmed. The Company considers a loan to be impaired when, based upon current information and events, it believes that it is probable that the Company will be unable to collect all amounts due under the contractual terms of the loan agreement. If the Company purchases a loan at a discount to face value and at the acquisition date the Company expects to collect less than the contractual amounts due under the terms of the loan based, at least in part, on the Company’s assessment of the credit quality of the borrower, the Company will consider such a loan to be impaired when, based upon current information and events, it believes that it is probable that the Company will be unable to collect all amounts the Company estimated to be collected at the time of acquisition. The Company also considers a loan to be impaired if it grants the borrower a concession through a modification of the loan terms or if it expects to receive assets (including equity interests in the borrower) with fair values that are less than the carrying value of the loan in satisfaction of the loan. A reserve is established when the present value of payments expected to be received, observable market prices, the estimated fair value of the collateral (for loans that are dependent on the collateral for repayment) or amounts expected to be received in satisfaction of a loan are lower than the carrying value of that loan.
	Failure to recognize impairments would result in the overstatement of earnings and the carrying value of the Company’s real estate loans held for investment. Actual losses, if any, could significantly differ from estimated amounts.
Investment in Unconsolidated Joint Venture, Equity Method	The Company accounts for investments in unconsolidated joint venture entities in which the Company may exercise significant influence over, but does not control, using the equity method of accounting. Under the equity method, the investment is initially recorded at cost and subsequently adjusted to reflect additional contributions or distributions and the Company’s proportionate share of equity in the joint venture’s income (loss). The Company recognizes its proportionate share of the ongoing income or loss of the unconsolidated joint venture as equity in income (loss) of unconsolidated joint venture on the consolidated statements of operations. On a quarterly basis, the Company evaluates its investment in an unconsolidated joint venture for other-than-temporary impairments. As of December 31, 2014, the Company did not identify any indicators of impairment related to its unconsolidated real estate joint venture accounted for under the equity method.
Investment in Unconsolidated Joint Venture, Cost Method	The Company accounts for investments in unconsolidated joint venture entities in which the Company does not have the ability to exercise significant influence and has virtually no influence over partnership operating and financial policies using the cost method of accounting.  Under the cost method, income distributions from the partnership are recognized in other income.  Distributions that exceed the Company’s share of earnings are applied to reduce the carrying value of the Company’s investment and any capital contributions will increase the carrying value of the Company’s investment.  On a quarterly basis, the Company evaluates its investment in an unconsolidated joint venture for other-than-temporary impairments.  The fair value of a cost method investment is not estimated if there are no identified events or changes in circumstances that would indicate a significant adverse effect on the fair value of the investment. As of December 31, 2014, the Company did not identify any indicators of impairment related to its unconsolidated real estate joint venture accounted for under the cost method.
Cash and Cash Equivalents	The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash equivalents may include cash and short-term investments. Cash and cash equivalents are stated at cost, which approximates fair value. There were no restrictions on the use of the Company’s cash and cash equivalents as of December 31, 2014 and 2013.
	The Company’s cash and cash equivalents balance exceeded federally insurable limits as of December 31, 2014. The Company monitors the cash balances in its operating accounts and adjusts the cash balances as appropriate; however, these cash balances could be impacted if the underlying financial institutions fail or are subject to other adverse conditions in the financial markets. To date, the Company has experienced no loss or lack of access to cash in its operating accounts.
Rent and Other Receivables	The Company periodically evaluates the collectibility of amounts due from tenants and maintains an allowance for doubtful accounts for estimated losses resulting from the inability of tenants to make required payments under lease agreements. In addition, the Company maintains an allowance for deferred rent receivable that arises from the straight-lining of rents. The Company exercises judgment in establishing these allowances and considers payment history and current credit status of its tenants in developing these estimates.
Deferred Financing Costs	Deferred financing costs represent commitment fees, loan fees, legal fees and other third-party costs associated with obtaining financing. These costs are amortized over the terms of the respective financing agreements using the interest method. Unamortized deferred financing costs are generally expensed when the associated debt is refinanced or repaid before maturity unless specific rules are met that would allow for the carryover of such costs to the refinanced debt. Costs incurred in seeking financing transactions that do not close are expensed in the period in which it is determined that the financing will not close.
Fair Value Measurements	Under GAAP, the Company is required to measure certain financial instruments at fair value on a recurring basis. In addition, the Company is required to measure other financial instruments and balances at fair value on a non-recurring basis (e.g., carrying value of impaired real estate loans receivable and long-lived assets). Fair value is defined as the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The GAAP fair value framework uses a three-tiered approach. Fair value measurements are classified and disclosed in one of the following three categories:
	•	Level 1: unadjusted quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities;
	•	Level 2: quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations in which significant inputs and significant value drivers are observable in active markets; and
	•	Level 3: prices or valuation techniques where little or no market data is available that requires inputs that are both significant to the fair value measurement and unobservable.
	When available, the Company utilizes quoted market prices from an independent third-party source to determine fair value and classifies such items in Level 1 or Level 2. In instances where the market for a financial instrument is not active, regardless of the availability of a nonbinding quoted market price, observable inputs might not be relevant and could require the Company to make a significant adjustment to derive a fair value measurement. Additionally, in an inactive market, a market price quoted from an independent third party may rely more on models with inputs based on information available only to that independent third party. When the Company determines that the market for a financial instrument owned by the Company is illiquid or when market transactions for similar instruments do not appear orderly, the Company uses several valuation sources (including internal valuations, discounted cash flow analysis and quoted market prices) and establishes a fair value by assigning weights to the various valuation sources. Additionally, when determining the fair value of liabilities in circumstances in which a quoted price in an active market for an identical liability is not available, the Company measures fair value using (i) a valuation technique that uses the quoted price of the identical liability when traded as an asset or quoted prices for similar liabilities when traded as assets or (ii) another valuation technique that is consistent with the principles of fair value measurement, such as the income approach or the market approach.
	Changes in assumptions or estimation methodologies can have a material effect on these estimated fair values. In this regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, may not be realized in an immediate settlement of the instrument.
	The Company considers the following factors to be indicators of an inactive market: (i) there are few recent transactions, (ii) price quotations are not based on current information, (iii) price quotations vary substantially either over time or among market makers (for example, some brokered markets), (iv) indexes that previously were highly correlated with the fair values of the asset or liability are demonstrably uncorrelated with recent indications of fair value for that asset or liability, (v) there is a significant increase in implied liquidity risk premiums, yields, or performance indicators (such as delinquency rates or loss severities) for observed transactions or quoted prices when compared with the Company’s estimate of expected cash flows, considering all available market data about credit and other nonperformance risk for the asset or liability, (vi) there is a wide bid-ask spread or significant increase in the bid-ask spread, (vii) there is a significant decline or absence of a market for new issuances (that is, a primary market) for the asset or liability or similar assets or liabilities, and (viii) little information is released publicly (for example, a principal-to-principal market).
	The Company considers the following factors to be indicators of non-orderly transactions: (i) there was not adequate exposure to the market for a period before the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets or liabilities under current market conditions, (ii) there was a usual and customary marketing period, but the seller marketed the asset or liability to a single market participant, (iii) the seller is in or near bankruptcy or receivership (that is, distressed), or the seller was required to sell to meet regulatory or legal requirements (that is, forced), and (iv) the transaction price is an outlier when compared with other recent transactions for the same or similar assets or liabilities.
Dividend Reinvestment Plan	The Company has adopted a dividend reinvestment plan (the “DRP”) through which future common stockholders may elect to reinvest an amount equal to the distributions declared on their shares in additional shares of the Company’s common stock in lieu of receiving cash distributions. On March 25, 2014, the Company’s board of directors approved a fourth amended and restated dividend reinvestment plan (the “Amended DRP”). The Amended DRP became effective for purchases under the plan on or after April 6, 2014. Pursuant to the Amended DRP, the purchase price of shares of the Company’s common stock is equal to 95% of the most recently announced estimated value per share of the Company’s common stock. Prior to April 6, 2014 (the effective date of the Amended DRP), the purchase price per share under the DRP was $9.50.
	On March 25, 2014, the Company’s board of directors approved an updated primary offering price for the Company’s common stock of $11.27 (unaudited) based on the estimated value of the Company’s assets less the estimated value of the Company’s liabilities, or net asset value, divided by the number of shares outstanding as of December 31, 2013, with the exception of certain adjustments for actual and expected acquisition-related costs subsequent to December 31, 2013. Commencing on April 6, 2014, the purchase price per share under the DRP was $10.71.
	On December 9, 2014, the Company’s board of directors approved an updated primary offering price for the Company’s common stock of $12.24 (unaudited) based on the estimated value of the Company’s assets less the estimated value of the Company’s liabilities, or net asset value, divided by the number of shares outstanding as of September 30, 2014. Commencing on or after December 29, 2014, the purchase price per share under the DRP would be $11.63. No selling commissions or dealer manager fees will be paid on shares sold under the DRP. The board of directors of the Company may amend or terminate the DRP for any reason upon 10 days’ notice to participants.
Redeemable Common Stock	The Company has adopted a share redemption program that may enable stockholders to sell their shares to the Company in limited circumstances.
	Pursuant to the share redemption program there are several limitations on the Company’s ability to redeem shares:
	•	Unless the shares are being redeemed in connection with a stockholder’s death, “qualifying disability” or “determination of incompetence” (each as defined under the share redemption program), the Company may not redeem shares until the stockholder has held the shares for one year.
	•	During each calendar year, redemptions are limited to the amount of net proceeds from the sale of shares under the Company’s dividend reinvestment plan during the prior calendar year and the last $1.0 million of such net proceeds shall be reserved exclusively for shares redeemed in connection with a stockholder’s death, “qualifying disability,” or “determination of incompetence” (except that the Company may increase or decrease this funding limit by providing ten business days’ notice to its stockholders).
	•	During any calendar year, the Company may redeem no more than 5% of the weighted-average number of shares outstanding during the prior calendar year.
	•	The Company has no obligation to redeem shares if the redemption would violate the restrictions on distributions under Maryland law, which prohibits distributions that would cause a corporation to fail to meet statutory tests of solvency.
	Pursuant to the program, the Company redeemed shares at prices determined as follows:
	•	92.5% of the Company’s most recent estimated value per share as of the applicable redemption date for those shares held for at least one year;
	•	95.0% of the Company’s most recent estimated value per share as of the applicable redemption date for those shares held for at least two years;
	•	97.5% of the Company’s most recent estimated value per share as of the applicable redemption date for those shares held for at least three years; and
	•	100% of the Company’s most recent estimated value per share as of the applicable redemption date for those shares held for at least four years.
	The Company’s board of directors may amend, suspend or terminate the share redemption program with 30 days’ notice to its stockholders. The Company may provide this notice by including such information in a Current Report on Form 8-K or in the Company’s annual or quarterly reports, all publicly filed with the SEC, or by a separate mailing to its stockholders.
	The Company records amounts that are redeemable under the share redemption program as redeemable common stock in its consolidated balance sheets because the shares will be mandatorily redeemable at the option of the holder and therefore their redemption will be outside the control of the Company. However, because the amounts that can be redeemed will be determinable and only contingent on an event that is likely to occur (e.g., the passage of time) the Company presents the net proceeds from the current year and prior year DRP, net of current year redemptions, as redeemable common stock in its consolidated balance sheets.
	The Company classifies as liabilities financial instruments that represent a mandatory obligation of the Company to redeem shares. The Company’s redeemable common shares are contingently redeemable at the option of the holder. When the Company determines it has a mandatory obligation to repurchase shares under the share redemption program, it will reclassify such obligations from temporary equity to a liability based upon their respective settlement values.
	The Company limits the dollar value of shares that may be redeemed under the program as described above. For the year ended December 31, 2014, the Company had redeemed $5.1 million of common stock, which represented all redemption requests received in good order and eligible for redemption through the December 2014 redemption date. Based on the amount of net proceeds raised from the sale of shares under the dividend reinvestment plan during 2014, the Company has $9.9 million available for all redemptions in 2015, including shares that are redeemed in connection with a stockholders’ death, qualifying disability or determination of incompetence.
Related Party Transactions	Pursuant to the Advisory Agreement and Dealer Manager Agreement, the Company is or was obligated to pay the Advisor and KBS Capital Markets Group, LLC (the “Dealer Manager”) specified fees upon the provision of certain services related to the Offering, the investment of funds in real estate and real estate-related investments, management of the Company’s investments and for other services (including, but not limited to, the disposition of investments). The Company is or was also obligated to reimburse the Advisor and Dealer Manager for organization and offering costs incurred by the Advisor and the Dealer Manager on behalf of the Company, and the Company is or was obligated to reimburse the Advisor for acquisition and origination expenses and certain operating expenses incurred on behalf of the Company or incurred in connection with providing services to the Company. In addition, the Advisor is entitled to certain other fees, including an incentive fee upon achieving certain performance goals, as detailed in the Advisory Agreement. See note 10, “Related Party Transactions.”
	The Company records all related party fees as incurred, subject to any limitations described in the Advisory Agreement. The Company had not incurred any subordinated participation in net cash flows or subordinated incentive listing fees payable to the Advisor through December 31, 2014.
Related Party Transactions, Selling Commissions and Dealer Manager Fees	The Company paid the Dealer Manager up to 6.5% and 3.0% of the gross offering proceeds from the primary offering as selling commissions and dealer manager fees, respectively. A reduced sales commission and dealer manager fee was paid with respect to certain volume discount sales. All or a portion of the selling commissions was not charged with regard to shares sold to certain categories of purchasers. No sales commission or dealer manager fee is paid with respect to shares issued through the dividend reinvestment plan. The Dealer Manager reallowed 100% of sales commissions earned to participating broker-dealers. The Dealer Manager could reallow to certain participating broker-dealer up to 1% of the gross offering proceeds attributable to that participating broker-dealer as a marketing fee and, in special cases, the Dealer Manager could increase the reallowance.
Related Party Transactions, Organization and Offering Costs	Organization and offering costs (other than selling commissions and dealer manager fees) of the Company may be paid by the Advisor, the Dealer Manager or their affiliates on behalf of the Company or may be paid directly by the Company. These offering costs include all expenses incurred by the Company in connection with the Offering. Organization costs include all expenses incurred by the Company in connection with the formation of the Company, including but not limited to legal fees and other costs to incorporate the Company.
	The Company reimburses the Advisor for organization and offering costs up to an amount that, when combined with selling commissions, dealer manager fees and all other amounts spent by the Company on organization and offering expenses, does not exceed 15% of the gross proceeds of the Company’s primary offering and the offering under the DRP as of the date of reimbursement. At the termination of the primary offering and at the termination of the offering under the DRP, the Advisor agreed to reimburse the Company to the extent that selling commissions, dealer manager fees and other organization and offering expenses incurred by the Company exceed 15% of the gross offering proceeds of the respective offering.
	In connection with the primary portion of the Offering, the Company reimbursed the Dealer Manager for underwriting compensation, provided that within 30 days after the end of the month in which the primary initial public offering terminated, the Dealer Manager was required to reimburse the Company to the extent that the Company’s reimbursements caused total underwriting compensation for the primary initial public offering to exceed 10% of the gross offering proceeds from such offering. The Company also paid directly or reimbursed the Dealer Manager for bona fide invoiced due diligence expenses of broker dealers. However, no reimbursements made by the Company to the Dealer Manager were allowed to cause total organization and offering expenses incurred by the Company (including selling commissions, dealer manager fees and all other items of organization and offering expenses) to exceed 15% of the aggregate gross proceeds from the Company’s primary offering and the offering under its DRP as of the date of reimbursement.
	As of December 31, 2014, the Company’s selling commissions, dealer manager fees, and organization and other offering costs did not exceed 15% of the gross offering proceeds. Through December 31, 2014, including shares issued through the Company’s dividend reinvestment plan, the Company had issued 60,566,952 shares in the Offering for gross offering proceeds of $600.9 million and recorded selling commissions and dealer manager fees of $49.6 million and other offering costs of $10.7 million.  Organization costs are expensed as incurred and offering costs, which include selling commissions and dealer manager fees, are charged as incurred as a reduction to stockholders’ equity.
	The Company ceased offering shares of common stock in its primary offering on November 14, 2012 and continues to offer shares under its dividend reinvestment plan.
Related Party Transactions, Acquisition and Origination Fees	The Company pays the Advisor an acquisition and origination fee equal to 1% of the cost of investments acquired, or the amount funded by the Company to acquire or originate mortgage, mezzanine, bridge or other loans, including any acquisition and origination expenses related to such investments and any debt attributable to such investments.
Related Party Transactions, Asset Management Fees	With respect to investments in loans and any investments other than real estate, the Company pays the Advisor a monthly fee calculated, each month, as one-twelfth of 0.75% of the lesser of (i) the amount paid or allocated to acquire or fund the loan or other investment, inclusive of acquisition and origination fees and expenses related thereto and the amount of any debt associated with or used to acquire or fund such investment and (ii) the outstanding principal amount of such loan or other investment, plus the acquisition and origination fees and expenses related to the acquisition or funding of such investment, as of the time of calculation.
	With respect to investments in real estate, the Company pays the Advisor a monthly asset management fee equal to one-twelfth of 0.75% of the amount paid or allocated to acquire the investment, including the cost of subsequent capital improvements, inclusive of acquisition fees and expenses related thereto and the amount of any debt associated with or used to acquire such investment.
	In the case of investments made through joint ventures, the asset management fee is determined based on the Company’s proportionate share of the underlying investment, inclusive of the Company’s proportionate share of any fees and expenses related thereto.
Related Party Transactions, Disposition Fee	For substantial assistance in connection with the sale of properties or other investments, the Company pays the Advisor or its affiliates 1.0% of the contract sales price of each property or other investment sold; provided, however, in no event may the disposition fees paid to the Advisor, its affiliates and unaffiliated third parties exceed 6.0% of the contract sales price.
Income Taxes	The Company has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended. To qualify as a REIT, the Company must meet certain organizational and operational requirements, including a requirement to distribute at least 90% of the Company’s annual REIT taxable income to its stockholders (which is computed without regard to the dividends paid deduction or net capital gain and which does not necessarily equal net income as calculated in accordance with GAAP). As a REIT, the Company generally will not be subject to federal income tax to the extent it distributes qualifying dividends to its stockholders. If the Company fails to qualify as a REIT in any taxable year, it will be subject to federal income tax on its taxable income at regular corporate income tax rates and generally will not be permitted to qualify for treatment as a REIT for federal income tax purposes for the four taxable years following the year during which qualification is lost unless the Internal Revenue Service grants the Company relief under certain statutory provisions. Such an event could materially and adversely affect the Company’s net income and net cash available for distribution to stockholders. However, the Company intends to organize and operate in such a manner as to qualify for treatment as a REIT.
	The Company has concluded that there are no significant uncertain tax positions requiring recognition in its financial statements. Neither the Company nor its subsidiaries have been assessed interest or penalties by any major tax jurisdictions. The Company’s evaluations were performed for the tax years ended December 31, 2014, 2013 and 2012. As of December 31, 2014, returns for the calendar year 2010 through 2013 remain subject to examination by major tax jurisdictions.
Segments	The Company has invested in non-performing loans, opportunistic real estate and other real estate-related assets. In general, the Company intends to hold its investments in non-performing loans, opportunistic real estate and other real estate-related assets for capital appreciation. Traditional performance metrics of non-performing loans, opportunistic real estate and other real estate-related assets may not be meaningful as these investments are generally non-stabilized and do not provide a consistent stream of interest income or rental revenue. These investments exhibit similar long-term financial performance and have similar economic characteristics. These investments typically involve a higher degree of risk and do not provide a constant stream of ongoing cash flows. As a result, the Company’s management views non-performing loans, opportunistic real estate and other real estate-related assets as similar investments. Substantially all of its revenue and net income (loss) is from non-performing loans, opportunistic real estate and other real estate-related assets, and therefore, the Company currently aggregates its operating segments into one reportable business segment.
Per Share Data	Basic net income (loss) per share of common stock is calculated by dividing net income (loss) by the weighted-average number of shares of common stock issued and outstanding during such period. Diluted net income (loss) per share of common stock equals basic net income (loss) per share of common stock as there were no potentially dilutive securities outstanding during the years ended December 31, 2014, 2013 and 2012.
	Distributions declared per share were $0.26, $0.44 and $0.40 during the years ended December 31, 2014, 2013 and 2012, respectively.
Square Footage, Occupancy and Other Measures	Square footage, number of acres, occupancy and other measures used to describe real estate and real estate-related investments included in the Notes to Consolidated Financial Statements are presented on an unaudited basis.
Recently Issued Accounting Standards Update	In April 2014, the FASB issued ASU No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (“ASU No. 2014-08”).  ASU No. 2014-08 limits discontinued operations reporting to disposals of components of an entity that represent a strategic shift that has (or will have) a major effect on an entity’s operations and financial results when any of the following occurs: a) the component of an entity or group of components of an entity meets the criteria to be classified as held for sale; b) the component of an entity or group of components of an entity is disposed of by sale; or c) the component of an entity or group of components of an entity is disposed of other than by sale.  ASU No. 2014-08 also requires additional disclosures about discontinued operations.  ASU No. 2014-08 is effective for reporting periods beginning after December 15, 2014.  Early adoption is permitted, but only for disposals (or classifications as held for sale) that have not been reported in financial statements previously issued or available for issuance. The Company early adopted ASU No. 2014-08 for the reporting period beginning January 1, 2014.  As a result of the adoption of ASU No. 2014-08, results of operations for properties that are classified as held for sale in the ordinary course of business on or subsequent to January 1, 2014 would generally be included in continuing operations on the Company’s consolidated statements of operations, to the extent such disposals did not meet the criteria for classification as a discontinued operation. Additionally, any gain or loss on sale of real estate that does not meet the criteria for classification as a discontinued operation would be included in income from continuing operations on the consolidated statements of operations.
	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU No. 2014-09”).  ASU No. 2014-09 requires an entity to recognize the revenue to depict the transfer of 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 and services.  ASU No. 2014-09 supersedes the revenue requirements in Revenue Recognition (Topic 605) and most industry-specific guidance throughout the Industry Topics of the Codification.  ASU No. 2014-09 does not apply to lease contracts within the scope of Leases (Topic 840). ASU No. 2014-09 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, and is to be applied retrospectively, with early application not permitted.  The Company is still evaluating the impact of adopting ASU No. 2014-09 on its financial statements, but does not expect the adoption of ASU No. 2014-09 to have a material impact on its financial statements.
	In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements (Subtopic 205-40), Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU No. 2014-15”). The amendments in ASU No. 2014-15 require management to evaluate, for each annual and interim reporting period, whether there are conditions or events, considered in the aggregate, that raise substantial doubt about an entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or are available to be issued when applicable) and, if so, provide related disclosures. ASU No. 2014-15 is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early adoption is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The Company does not expect the adoption of ASU 2014-15 to have a material impact on its financial statements.
	In January 2015, the FASB issued ASU No. 2015-01, Income Statement - Extraordinary and Unusual Items (Subtopic 225-20), Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items (“ASU No. 2015-01”). The amendments in ASU No. 2015-01 eliminate from GAAP the concept of extraordinary items.  Although the amendments will eliminate the requirements in Subtopic 225-20 for reporting entities to consider whether an underlying event or transaction is extraordinary, the presentation and disclosure guidance for items that are unusual in nature or occur infrequently will be retained and will be expanded to include items that are both unusual in nature and infrequently occurring. ASU No. 2015-01 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company does not expect the adoption of ASU 2015-01 to have a significant impact on its financial statements.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Schedule of Estimated Useful Life	The Company anticipates the estimated useful lives of its assets by class to be generally as follows:
	Buildings	25-40 years
	Building improvements	10-40 years
	Tenant improvements	Shorter of lease term or expected useful life
	Tenant origination and absorption costs	Remaining term of related leases, including below-market renewal periods

RECENT_ACQUISITIONS_OF_REAL_ES1

RECENT ACQUISITIONS OF REAL ESTATE (Tables)	12 Months Ended
	Dec. 31, 2014
Business Acquisition [Line Items]
Schedule of Business Acquisitions, Properties Acquired	During the year ended December 31, 2014, the Company acquired the following properties (in thousands):
									Intangibles
	Property Name	City	State	Acquisition Date	Land		Building and Improvements		Tenant Origination and Absorption Costs		Above-Market Lease Assets		Below-Market			Other Intangible Assets			Total
													Lease Liabilities						Purchase
																			Price
	Plaza Buildings	Bellevue	WA	1/14/14	$	53,040	$	124,212	$	8,945	$	196	$	(2,392	)	$	—		$	184,001
	424 Bedford (1)	Brooklyn	NY	1/31/14	8,860		24,266		554		—		—			4,547		(2)	38,227
					$	61,900	$	148,478	$	9,499	$	196	$	(2,392	)	$	4,547		$	222,228
	_____________________
	(1) In connection with the acquisition of 424 Bedford, the Company assumed the 424 Bedford Mortgage Loan from the seller. The Company recorded the mortgage debt with a principal balance of $26.3 million assumed at an estimated fair value of $24.8 million, net of a discount on note payable of $1.5 million due to a below-market interest rate. The discount on note payable is amortized over the remaining life of the loan of 8.7 years. See Note 8, “Notes and Bond Payable” for more information.
	(2) The property is subject to a property tax abatement from the city’s department of housing preservation and development. The estimated fair value of the property tax abatement of $4.5 million was recorded as prepaid expenses and other assets on the Company’s consolidated balance sheet as of the acquisition date and amortized on a straight-line basis over the projected property tax abatement period of approximately 12.4 years. Amortization of the property tax abatement asset is included in depreciation and amortization expense on the accompanying consolidated statements of operations
Schedule of Finite-Lived Intangible Assets and Liabilities Acquired, Weighted-Average Amortization Periods	The intangible assets and liabilities acquired in connection with these acquisitions have weighted-average amortization periods as of the dates of each acquisition as follows (in years):
		Tenant Origination and	Above-Market	Below-Market
		Absorption Costs	Lease Assets	Lease Liabilities
	Plaza Buildings	5.8	5.2	4.3
	424 Bedford	0.5	—	—

REAL_ESTATE_HELD_FOR_INVESTMEN1

REAL ESTATE HELD FOR INVESTMENT (Tables)	12 Months Ended
	Dec. 31, 2014
Real Estate [Abstract]
Schedule of Real Estate Investments	The following table summarizes the Company’s real estate held for investment as of December 31, 2014 and December 31, 2013, respectively (in thousands):
			December 31, 2014				31-Dec-13
	Land		$	233,221			$	159,596
	Buildings and improvements		635,082				459,136
	Tenant origination and absorption costs		50,956				48,012
	Total real estate, cost		919,259				666,744
	Accumulated depreciation and amortization		(64,171		)		(29,859		)
	Total real estate, net		$	855,088			$	636,885
	The following table provides summary information regarding the Company’s real estate held for investment as of December 31, 2014 (in thousands):
	Property		Date Acquired or Foreclosed on		City		State		Property Type		Land		Building		Tenant Origination and Absorption		Total		Accumulated Depreciation and Amortization			Total		Ownership %
													and Improvements				Real Estate, at Cost (1)					Real Estate,
																						Net
	Academy Point Atrium I		11/3/10		Colorado Springs		CO		Office		$	1,056	$	1,544	$	—	$	2,600	$	—		$	2,600	100	%
	Northridge Center I & II		3/25/11		Atlanta		GA		Office		2,234		6,574		—		8,808		(1,233		)	7,575		100	%
	Iron Point Business Park		6/21/11		Folsom		CA		Office		2,671		19,153		150		21,974		(2,893		)	19,081		100	%
	1635 N. Cahuenga Building		8/3/11		Los Angeles		CA		Office		3,112		4,876		149		8,137		(783		)	7,354		70	%
	Richardson Portfolio:
	Palisades Central I		11/23/11		Richardson		TX		Office		1,037		9,566		847		11,450		(1,575		)	9,875		90	%
	Palisades Central II		11/23/11		Richardson		TX		Office		810		17,319		1,554		19,683		(3,690		)	15,993		90	%
	Greenway I		11/23/11		Richardson		TX		Office		561		2,186		—		2,747		(405		)	2,342		90	%
	Greenway III		11/23/11		Richardson		TX		Office		702		3,829		823		5,354		(1,210		)	4,144		90	%
	Undeveloped Land		11/23/11		Richardson		TX		Undeveloped Land		7,794		—		—		7,794		—			7,794		90	%
	Total Richardson Portfolio										10,904		32,900		3,224		47,028		(6,880		)	40,148
	Park Highlands		12/30/11		North Las Vegas		NV		Undeveloped Land		28,229		—		—		28,229		—			28,229		50.1	%
	Bellevue Technology Center		7/31/12		Bellevue		WA		Office		25,506		51,428		3,813		80,747		(5,334		)	75,413		100	%
	Powers Ferry Landing East		9/24/12		Atlanta		GA		Office		1,643		7,670		106		9,419		(818		)	8,601		100	%
	1800 West Loop		12/4/12		Houston		TX		Office		8,360		59,366		5,557		73,283		(6,987		)	66,296		100	%
	West Loop I & II		12/7/12		Houston		TX		Office		7,300		29,228		3,004		39,532		(4,017		)	35,515		100	%
	Burbank Collection		12/12/12		Burbank		CA		Retail		4,175		9,111		945		14,231		(854		)	13,377		90	%
	Austin Suburban Portfolio		3/28/13		Austin		TX		Office		8,288		66,035		4,588		78,911		(7,465		)	71,446		100	%
	Westmoor Center		6/12/13		Westminster		CO		Office		10,058		66,361		9,785		86,204		(9,388		)	76,816		100	%
	Central Building		7/10/13		Seattle		WA		Office		7,015		25,277		2,301		34,593		(2,130		)	32,463		100	%
	50 Congress Street		7/11/13		Boston		MA		Office		9,876		40,357		3,457		53,690		(3,828		)	49,862		100	%
	1180 Raymond		8/20/13		Newark		NJ		Apartment		8,292		36,350		136		44,778		(1,579		)	43,199		100	%
	Park Highlands II		12/10/13		North Las Vegas		NV		Undeveloped Land		21,224		—		—		21,224		—			21,224		99.5	%
	Maitland Promenade II		12/18/13		Orlando		FL		Office		3,434		23,606		4,811		31,851		(2,161		)	29,690		100	%
	Plaza Buildings		1/14/14		Bellevue		WA		Office		53,040		130,430		8,930		192,400		(7,204		)	185,196		100	%
	424 Bedford		1/31/14		Brooklyn		NY		Apartment		8,860		24,816		—		33,676		(617		)	33,059		90	%
	Richardson Land II		9/4/14		Richardson		TX		Undeveloped Land		7,944		—		—		7,944		—			7,944		90	%
											$	233,221	$	635,082	$	50,956	$	919,259	$	(64,171	)	$	855,088
	_____________________
	(1) Amounts are net of impairment charges.
Schedule of Future Minimum Rental Income for Company's Properties	As of December 31, 2014, the future minimum rental income from the Company’s properties, excluding apartment leases, under non-cancelable operating leases was as follows (in thousands):
	2015	$	71,423
	2016	67,503
	2017	57,789
	2018	46,839
	2019	34,868
	Thereafter	70,270
		$	348,692
Schedules of Concentration of Risk, by Risk Factor	As of December 31, 2014, the Company’s commercial real estate properties were leased to approximately 500 tenants over a diverse range of industries and geographic areas. The Company’s highest tenant industry concentrations (greater than 10% of annualized base rent) were as follows:
	Industry		Number of		Annualized				Percentage of
			Tenants		Base Rent (1)				Annualized
					(in thousands)				Base Rent
	Finance		49		$	11,619			15.2	%
	Computer System Design & Programming		39		9,350				12.2	%
	Insurance Carriers & Related Activities		26		7,816				10.2	%
	Professional, Scientific & Legal		57		7,634				10	%
					$	36,419			47.6	%
	_____________________
	(1) Annualized base rent represents annualized contractual base rental income as of December 31, 2014, adjusted to straight-line any contractual tenant concessions (including free rent), rent increases and rent decreases from the lease’s inception through the balance of the lease term.

TENANT_ORIGINATION_AND_ABSORPT1

TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2014
Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities [Abstract]
Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities	As of December 31, 2014 and 2013, the Company’s tenant origination and absorption costs, above-market lease assets and below-market lease liabilities (excluding fully amortized assets and liabilities and accumulated amortization) were as follows (in thousands):
		Tenant Origination and						Above-Market						Below-Market
		Absorption Costs						Lease Assets						Lease Liabilities
		December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
		2014			2013			2014			2013			2014			2013
	Cost	$	50,956		$	48,012		$	3,752		$	4,394		$	(7,585	)	$	(5,955	)
	Accumulated Amortization	(19,215		)	(10,751		)	(1,691		)	(1,459		)	3,182			1,535
	Net Amount	$	31,741		$	37,261		$	2,061		$	2,935		$	(4,403	)	$	(4,420	)
Amortization of Tenant Origination and Absorption Costs, Above-Market Leases and Below-Market Lease Liabilities	Increases (decreases) in net income as a result of amortization of the Company’s tenant origination and absorption costs, above-market lease assets and below-market lease liabilities for the years ended December 31, 2014, 2013 and 2012 are as follows (in thousands):
		Tenant Origination and									Above-Market									Below-Market
		Absorption Costs									Lease Assets									Lease Liabilities
		For the Years Ended December 31,									For the Years Ended December 31,									For the Years Ended December 31,
		2014			2013			2012			2014			2013			2012			2014		2013		2012
	Amortization	$	(15,020	)	$	(10,942	)	$	(3,689	)	$	(1,070	)	$	(1,456	)	$	(1,095	)	$	2,409	$	1,565	$	229
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The remaining unamortized balance for these outstanding intangible assets and liabilities as of December 31, 2014 will be amortized for the years ending December 31 as follows (in thousands):
		Tenant			Above-Market			Below-Market
		Origination and			Lease Assets			Lease Liabilities
		Absorption Costs
	2015	$	(10,381	)	$	(760	)	$	1,662
	2016	(7,612		)	(581		)	1,122
	2017	(5,223		)	(343		)	745
	2018	(3,389		)	(188		)	488
	2019	(1,998		)	(82		)	159
	Thereafter	(3,138		)	(107		)	227
		$	(31,741	)	$	(2,061	)	$	4,403
	Weighted-Average Remaining Amortization Period	4.4 years			3.6 years			3.7 years

REAL_ESTATE_LOAN_RECEIVABLE_Ta

REAL ESTATE LOAN RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2014
Receivables [Abstract]
Schedule of Real Estate Loans Receivable	As of December 31, 2014 and 2013, the Company owned one real estate loan receivable that it had originated. The information for that real estate loan receivable as of December 31, 2014 and 2013 is set forth below (in thousands):
	Loan Name		Date Acquired/ Originated		Property Type	Loan Type		Outstanding Principal Balance as of December 31, 2014 (1)				Book Value		Book Value as of December 31, 2013 (2)		Contractual Interest Rate (3)	Annualized Effective Interest Rate (3)	Maturity Date
	Location of Related Property or											as of December 31, 2014 (2)
	Collateral
	University House First Mortgage
	New York, New York (4)		3/20/13		Student Housing	Mortgage		$	27,850			$	27,422	$	21,893	11.00%	14.20%	6/30/15
	_____________________
	(1) Outstanding principal balance as of December 31, 2014 represents original principal balance outstanding under the loan, increased for any subsequent fundings, including interest income deferred until maturity.
	(2) Book value of the real estate loan receivable represents outstanding principal balance adjusted for unamortized acquisition discounts, origination fees and direct origination and acquisition costs and additional interest accretion.
	(3) Contractual interest rates are the stated interest rates on the face of the loans. Annualized effective interest rates are calculated as the actual interest income recognized in 2014, using the interest method, annualized (if applicable) and divided by the average amortized cost basis of the investment. The annualized effective interest rates and contractual interest rates presented are as of December 31, 2014.
	(4) During the year ended December 31, 2014, the Company and the borrower under the University House First Mortgage entered into a loan modification under which the maturity date was extended to June 30, 2015 and the Company advanced an additional $5.9 million to the borrower.
Schedule of Activity Related to Real Estate Loans Receivable	The following summarizes the activity related to the real estate loan receivable for the year ended December 31, 2014 (in thousands):
	Real estate loan receivable - December 31, 2013	$	21,893
	Advance on real estate loan receivable	5,850
	Extension fee on real estate loan receivable	(935		)
	Accretion of closing costs and origination fees on real estate loan receivable, net	614
	Real estate loan receivable - December 31, 2014	$	27,422
Schedule of Interest Income from Real Estate Loans Receivable	For the years ended December 31, 2014, 2013 and 2012 interest income from real estate loans receivable consisted of the following (in thousands):
			2014			2013				2012
	Contractual interest income (including deferred interest)		$	2,752		$	8,248			$	1,202
	Accretion of closing costs and origination fees, net		614			842				52
	Interest accretion		—			1,186				454
	Interest income from real estate loans receivable		$	3,366		$	10,276			$	1,708

REAL_ESTATE_HELD_FOR_SALE_AND_1

REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS (Tables)	12 Months Ended
	Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Revenue and Expenses of Real Estate Held-for-Sale	The following table summarizes certain revenue and expenses related to this property for the years ended December 31, 2014, 2013 and 2012 (in thousands):
		Years Ended December 31,
		2014			2013			2012
	Total revenues	$	240		$	291		$	287
	Total expenses	252			920			436
Schedule of Operating Income from Discontinued Operations	The following table summarizes certain revenue and expenses related to properties sold prior to January 1, 2014 for the years ended December 31, 2014, 2013 and 2012 (in thousands):
		Years Ended December 31,
		2014			2013			2012
	Total revenues and other income	$	—		$	1,387		$	1,029
	Total expenses	18			2,754			2,645
	Loss from discontinued operations before gain on sales of real estate	(18		)	(1,367		)	(1,616		)
	Gain on sales of real estate, net	—			13,108			593
	Total (loss) income from discontinued operations	$	(18	)	$	11,741		$	(1,023	)

NOTES_AND_BOND_PAYABLE_Tables

NOTES AND BOND PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2014
Notes and Bonds Payable [Abstract]
Schedule of Long-term Debt Instruments	As of December 31, 2014 and December 31, 2013, the Company’s notes and bond payable consisted of the following (dollars in thousands):
		Principal as of		Principal as of December 31, 2013		Contractual Interest Rate as of December 31, 2014 (1)	Effective Interest Rate at December 31, 2014 (1)	Payment Type	Maturity
		31-Dec-14							Date (2)
	Richardson Portfolio Mortgage Loan (3)	$	38,000	$	31,566	One-Month LIBOR + 2.10%	2.26%	Interest Only	5/1/17
	Bellevue Technology Center Mortgage Loan (4)	49,836		47,408		One-Month LIBOR + 2.25%	2.41%	Interest Only	3/1/17
	Portfolio Revolving Loan Facility (5)	12,447		3,379		One-Month LIBOR + 2.25%	2.41%	Interest Only	5/1/17
	Portfolio Mortgage Loan (6)	93,751		82,766		One-Month LIBOR + 2.50%	2.66%	Interest Only	7/1/17
	1635 N. Cahuenga Mortgage Loan (7)	4,650		4,650		One-Month LIBOR + 2.35%	2.51%	Interest Only	8/1/16
	Burbank Collection Mortgage Loan (8)	9,043		8,200		One-Month LIBOR + 2.35%	2.54%	Interest Only	9/30/16
	50 Congress Mortgage Loan (9)	26,935		26,535		One-Month LIBOR + 1.90%	2.06%	Interest Only	10/1/17
	1180 Raymond Bond Payable	6,945		7,085		6.50%	6.50%	Principal	9/1/36
								& Interest
	Central Building Mortgage Loan (10)	24,896		24,100		One-Month LIBOR + 1.75%	1.91%	Interest Only	11/13/18
	Maitland Promenade II Mortgage Loan (11)	20,182		20,182		One-Month LIBOR + 2.90%	3.25%	Interest Only	1/1/17
	Westmoor Center Mortgage Loan (12)	54,880		—		One-Month LIBOR + 2.25%	2.41%	Interest Only	2/1/18
	Plaza Buildings Senior Loan (13)	109,707		—		One-Month LIBOR + 1.90%	2.06%	Interest Only	1/14/17
	Plaza Buildings Mezzanine Loan (14)	25,000		—		(14)	8.10%	Interest Only	1/14/17
	424 Bedford Mortgage Loan (15)	25,866		—		3.91%	3.91%	Principal	10/1/22
								& Interest
	1180 Raymond Mortgage Loan	28,100		—		One-Month LIBOR + 2.25%	2.41%	Interest Only	12/1/17
	Total Notes and Bond Payable principal outstanding	530,238		255,871
	Net Premium/Discount on Notes and Bond Payable (16)	25		1,549
	Total Notes and Bond Payable, net	$	530,263	$	257,420
	_____________________
	(1) Contractual interest rate represents the interest rate in effect under the loan as of December 31, 2014. Effective interest rate is calculated as the actual interest rate in effect as of December 31, 2014 (consisting of the contractual interest rate and contractual floor rates), using interest rate indices at December 31, 2014, where applicable.
	(2) Represents the initial maturity date or the maturity date as extended as of December 31, 2014; subject to certain conditions, the maturity dates of certain loans may be extended beyond the date shown.
	(3) The Company owns a 90% equity interest in the joint venture that owns the Richardson Portfolio. As of December 31, 2014, $38.0 million had been disbursed to the Company and the remaining $3.5 million is available for future disbursements, subject to certain conditions contained in the loan documents. Monthly payments are initially interest only. Beginning June 2015, monthly payments include principal and interest with principal payments of up to approximately $64,000 per month.
	(4) As of December 31, 2014, $49.8 million had been disbursed to the Company and the remaining $3.2 million is available for future disbursements to be used for tenant improvements, leasing commissions and capital improvements, subject to certain conditions contained in the loan documents. Monthly payments are initially interest only. Beginning March 1, 2016, monthly payments also include principal amortization payments of up to $60,000 per month.
	(5) The Portfolio Revolving Loan Facility is secured by the 1800 West Loop Building and the Iron Point Business Park. The Portfolio Revolving Loan Facility is comprised of $59.5 million of revolving debt and $13.0 million of non-revolving debt available to be used for tenant improvements, leasing commissions and capital improvements, subject to certain terms and conditions contained in the loan documents. As of December 31, 2014, $5.5 million of revolving debt and $6.9 million of non-revolving debt had been disbursed to the Company and the remaining $54.0 million of revolving debt and $6.1 million of non-revolving debt is available for future disbursements, subject to certain conditions contained in the loan documents. Monthly payments are initially interest only. Beginning June 1, 2016, and to the extent that there are amounts outstanding under the non-revolving portion of the loan, monthly payments will include interest and principal amortization payments of up to $80,000 per month.
	(6) As of December 31, 2014, $93.8 million had been disbursed to the Company with $13.8 million of debt available for future disbursements to be used for tenant improvements, leasing commissions and capital improvements, subject to certain terms and conditions contained in the loan documents. Monthly payments are initially interest only. Beginning July 1, 2016, monthly payments will include principal and interest with principal payments calculated using an amortization schedule of 30 years and an assumed annual interest rate of 6.0%.
	(7) The Company owns a 70% equity interest in the joint venture that owns the 1635 N. Cahuenga Building. As of December 31, 2014, $4.7 million had been disbursed and $2.0 million remains available for future disbursements, subject to certain terms and conditions contained in the loan documents. Monthly payments are initially interest only. Beginning August 1, 2015, monthly payments will also include principal amortization payments of $7,000 per month.
	(8) The Company owns a 90% equity interest in the joint venture that owns the Burbank Collection. As of December 31, 2014, $9.0 million had been disbursed and $2.2 million remains available for future disbursements, subject to certain terms and conditions contained in the loan documents.
	(9) As of December 31, 2014, $26.9 million of the 50 Congress Mortgage Loan was funded and $5.9 million remains available, $2.9 million of which is available for future disbursements to be used for tenant improvements, leasing commissions and capital improvements at 50 Congress and $3.0 million of which is available through October 1, 2016, subject to certain terms and conditions contained in the loan documents. Monthly payments are initially interest only. Beginning November 1, 2016, monthly payments will also include principal amortization payments of $32,000 per month.
	(10) As of December 31, 2014, $24.9 million of the Central Building Mortgage Loan was funded, and $2.7 million remains available for future disbursements to be used for tenant improvements, leasing commissions and capital improvements, subject to certain terms and conditions contained in the loan documents.
	(11) As of December 31, 2014, $20.2 million of the Maitland Promenade II Mortgage Loan was funded and $2.8 million remains available for future disbursements to be used for tenant improvements, leasing commissions, capital improvements and interest shortfalls, subject to certain terms and conditions contained in the loan documents. Interest on the loan is calculated at a variable annual rate of 290 basis points over one-month LIBOR, but at no point shall the interest rate be less than 3.25%. Beginning February 1, 2016, monthly payments will include principal and interest with principal payments calculated using an amortization schedule of 30 years. Monthly payments are initially interest only.
	(12) As of December 31, 2014, $54.9 million had been disbursed and $7.1 million remains available for future disbursements, subject to certain terms and conditions contained in the loan documents. Monthly payments are initially interest only. Beginning March 1, 2017, monthly payments include principal and interest with principal payments calculated using an amortization schedule of 30 years and an annual interest rate of 6.5%.
	(13) As of December 31, 2014, $109.7 million had been disbursed and $1.3 million remains available for future disbursements, subject to certain terms and conditions contained in the loan documents. Monthly payments are initially interest only. Beginning with the February 2016 payment, monthly payments may include principal and interest, with principal payments calculated using an amortization schedule of 30 years and an annual interest rate of 6.5%.
	(14) Interest on this loan is calculated as a floating rate of 785 basis points over one-month LIBOR, but at no point shall interest rate be less than 8.10%. As of December 31, 2014, $25.0 million had been disbursed and $5.0 million remains available for future disbursements, subject to certain terms and conditions contained in the loan documents.
	(15) The Company owns a 90% equity interest in the joint venture that owns 424 Bedford. Monthly payments include principal and interest, with principal payments calculated using an amortization schedule of 30 years.
	(16) Represents the unamortized premium/discount on notes and bond payable due to the above- and below-market interest rates when the debt was assumed. The discount/premium is amortized over the remaining life of the notes and bond payable.
Schedule of Maturities of Long-term Debt	The following is a schedule of maturities, including principal amortization payments, for all notes and bond payable outstanding as of December 31, 2014 (in thousands):
	2015	$	2,005
	2016	19,079
	2017	402,133
	2018	80,972
	2019	7,805
	Thereafter	18,244
		$	530,238

FAIR_VALUE_DISCLOSURES_Tables

FAIR VALUE DISCLOSURES (Tables)	12 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Schedule of Face Value, Carrying Amounts and Fair Value	The following were the face values, carrying amounts and fair values of the Company’s financial instruments as of December 31, 2014 and December 31, 2013, which carrying amounts do not approximate the fair values (in thousands):
			31-Dec-14									31-Dec-13
			Face Value			Carrying Amount			Fair Value			Face Value		Carrying Amount		Fair Value
	Financial assets:
	Real estate loan receivable		$	27,850		$	27,422		$	27,813		$	22,000	$	21,893	$	22,000
	Financial liabilities:
	Notes and bond payable		$	530,238		$	530,263		$	534,045		$	255,871	$	257,420	$	258,876
Schedule of Assets and Liabilities at Fair Value	During the year ended December 31, 2014, the Company measured the following assets and liabilities at fair value (in thousands):
					Fair Value Measurements Using
		Total			Quoted Prices in			Significant Other			Significant
					Active Markets for			Observable Inputs			Unobservable
					Identical Assets			(Level 2)			Inputs
					(Level 1)						(Level 3)
	Nonrecurring Basis (1):
	424 Bedford Mortgage Loan	$	(24,793	)	$	—		$	—		$	(24,793	)
	Impaired real estate held for investment	$	2,600		$	—		$	—		$	2,600
	_____________________
	(1) Amounts reflect the fair values of the assets and liabilities at the time each event occurred.

RELATED_PARTY_TRANSACTIONS_Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Schedule of Related Party Costs	Pursuant to the terms of these agreements, summarized below are the related-party costs incurred by the Company for the years ended December 31, 2014, 2013 and 2012, respectively, and any related amounts payable as of December 31, 2014 and December 31, 2013 (in thousands):
		Incurred						Payable as of
								December 31,
		2014		2013		2012		2014		2013
	Expensed
	Asset management fees (1)	$	7,648	$	4,173	$	1,710	$	—	$	—
	Real estate acquisition fees	2,231		2,784		2,206		—		—
	Reimbursable operating expenses (2)	157		139		118		—		—
	Disposition fees (3)	—		322		21		—		—
	Additional Paid-in Capital
	Selling commissions	—		—		20,683		—		—
	Dealer manager fees	—		—		10,451		—		—
	Reimbursable other offering costs	—		—		1,825		—		—
	Capitalized
	Acquisition and origination fees on real estate loans receivable	—		220		790		—		—
	Acquisition fee on investment in unconsolidated joint venture	1,573		—		—		—		—
	Acquisition fee on undeveloped land	67		199		—		—		—
		$	11,676	$	7,837	$	37,804	$	—	$	—
	_____________________
	(1) Amounts include asset management fees from discontinued operations.
	(2) The Advisor may seek reimbursement for certain employee costs under the Advisory Agreement. The Company has reimbursed the Advisor for the Company’s allocable portion of the salaries, benefits and overhead of internal audit department personnel providing services to the Company. These amounts totaled $141,000, $134,000 and $103,000 for the years ended December 31, 2014, 2013 and 2012, respectively, and were the only employee costs reimbursed under the Advisory Agreement during these periods. The Company will not reimburse for employee costs in connection with services for which the Advisor earns acquisition, origination or disposition fees (other than reimbursement of travel and communication expenses) or for the salaries or benefits the Advisor or its affiliates may pay to the Company’s executive officers.
	(3) Disposition fees with respect to real estate sold are included in the gain on sales of real estate in the accompanying consolidated statements of operations.

INVESTMENT_IN_UNCONSOLIDATED_J1

INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Tables)	12 Months Ended
	Dec. 31, 2014
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Investments in Unconsolidated Joint Ventures	As of December 31, 2014 and 2013, the Company’s investments in unconsolidated joint ventures were composed of the following (dollars in thousands):
							Investment Balance at December 31,
	Joint Venture	Number of Properties		Location	Ownership %		2014		2013
	NIP Joint Venture	23		Various	Less than 5.0%		$	5,305	$	7,484
	110 William Joint Venture	1		New York, New York	60.00%		66,740		8,854
							$	72,045	$	16,338
	Summarized financial information for the 110 William Joint Venture follows (in thousands):
		31-Dec-14			31-Dec-13
	Assets:
	Real estate assets, net of accumulated depreciation and amortization	$	276,683		$	—
	Other assets	15,858			15,000
	Total assets	$	292,541		$	15,000
	Liabilities and Equity:
	Notes payable, net	168,178			—
	Other liabilities	15,796			243
	Partners’ capital	108,567			14,757
	Total Liabilities and Equity	$	292,541		$	15,000
		For the Years Ended December 31,
		2014			2013
	Revenues	$	22,536		$	—
	Expenses:
	Operating, maintenance, and management	6,869			—
	Real estate taxes and insurance	3,476			—
	Real estate acquisition fees and expenses	1,016			244
	Depreciation and amortization	8,806			—
	Interest expense	4,193			—
	Total expenses	24,360			244
	Total other income	36			—
	Net loss	(1,788		)	(244		)
	Company’s equity in loss of unconsolidated joint venture	$	(1,101	)	$	(146	)

PRO_FORMA_FINANCIAL_INFORMATIO1

PRO FORMA FINANCIAL INFORMATION (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2014
Business Acquisition, Pro Forma Information [Abstract]
Business Acquisition, Pro Forma Information	This pro forma information does not purport to represent what the actual results of operations of the Company would have been had the acquisition occurred on this date, nor does it purport to predict the results of operations for future periods (in thousands, except share and per share amounts).
		For the Years Ended December 31,
		2014			2013
	Revenues	$	106,693		$	82,168
	Depreciation and amortization	47,317			$	34,120
	Net (loss) income attributable to common stockholders	(21,137		)	$	9,212
	Net (loss) income per common share, basic and diluted	(0.35		)	$	0.16
	Weighted-average number of common shares outstanding, basic and diluted	59,714,540			58,359,568

SELECTED_QUARTERLY_FINANCIAL_D1

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2014 and 2013 (in thousands, except per share amounts):
		2014
		First Quarter			Second Quarter			Third Quarter			Fourth Quarter
	Revenues	$	24,626		$	26,244		$	27,598		$	27,686
	Net loss	$	(9,894	)	$	(5,480	)	$	(3,426	)	$	(4,948	)
	Net loss attributable to common stockholders	$	(9,617	)	$	(5,331	)	$	(3,367	)	$	(4,879	)
	Net loss per common share, basic and diluted	$	(0.16	)	$	(0.09	)	$	(0.06	)	$	(0.08	)
	Distributions declared per common share (1)	$	0.049		$	0.056		$	0.069		$	0.088
		2013
		First Quarter			Second Quarter			Third Quarter			Fourth Quarter
	Revenues	$	10,463		$	14,361		$	23,281		$	20,391
	Net income (loss)	$	1,741		$	(2,429	)	$	7,260		$	5,017
	Net income (loss) attributable to common	$	1,411		$	(2,343	)	$	7,344		$	5,081
	stockholders
	Net income (loss) per common share, basic and	$	0.02		$	(0.04	)	$	0.13		$	0.09
	diluted
	Distributions declared per common share (1)	$	0.062		$	—		$	—		$	0.38
	_____________________
	(1) On March 20, 2013, the Company’s board of directors authorized a distribution in the amount of $0.06153498 per share of common stock to stockholders of record as of the close of business on March 22, 2013. The Company paid this distribution on April 4, 2013. On November 11, 2013, the Company’s board of directors authorized a distribution in the amount of $0.38 per share of common stock to stockholders of record as of the close of business on November 13, 2013. The Company paid this distribution on December 5, 2013. On March 6, 2014, the Company’s board of directors authorized a distribution in the amount of $0.04931507 per share of common stock to stockholders of record as of the close of business on March 31, 2014. The Company paid this distribution on April 15, 2014. On May 8, 2014, the Company’s board of directors authorized a distribution in the amount of $0.056096 per share of common stock to stockholders of record as of the close of business on June 16, 2014. The Company paid this distribution on June 23, 2014. On August 4, 2014, the Company’s board of directors authorized a distribution in the amount of $0.069315 per share of common stock to stockholders of record as of the close of business on September 15, 2014. The Company paid this distribution on September 24, 2014. On November 12, 2014, our board of directors authorized a distribution in the amount of $0.088219 per share of common stock to stockholders of record as of the close of business on December 15, 2014. The Company paid this distribution on December 29, 2014. Investors could choose to receive cash distributions or purchase additional shares under the dividend reinvestment plan.

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2014
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	The following table presents the computation of basic and diluted earnings per share (in thousands, except share and per share amounts):
		For the Year Ended December 31,
		2014			2013			2012
	Numerator
	Loss from continuing operations	$	(23,730	)	$	(152	)	$	(9,072	)
	Loss from continuing operations attributable to noncontrolling interests	554			302			232
	(Loss) income from continuing operations attributable to common stockholders	(23,176		)	150			(8,840		)
	Total (loss) income from discontinued operations	(18		)	11,741			(1,023		)
	Total (income) loss from discontinued operations attributable to noncontrolling interests	—			(398		)	101
	Total (loss) income from discontinued operations attributable to common stockholders	(18		)	11,343			(922		)
	Net (loss) income attributable to common stockholders	$	(23,194	)	$	11,493		$	(9,762	)
	Denominator
	Weighted-average number of common shares outstanding, basic and diluted	59,714,540			58,359,568			35,458,656
	Basic and diluted (loss) income per common share:
	Continuing operations	$	(0.39	)	$	—		$	(0.25	)
	Discontinued operations	—			0.2			(0.03		)
	Net (loss) income per common share	$	(0.39	)	$	0.2		$	(0.28	)

ORGANIZATION_Details

ORGANIZATION (Details) (USD $)	12 Months Ended			61 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2014	Oct. 23, 2012	Dec. 29, 2011	Jan. 08, 2009
	Investments			Investments
Organizational Structure [Line Items]
Partnership interest in Operating Partnership	0.10%
Partnership interest in the Operating Partnership and is its sole limited partner	99.90%
Issuance of common stock, value	$9,911,000	$16,641,000	$357,334,000
Stock issued during period, value				39,200,000
Redemptions of common stock, value	5,104,000	2,450,000	755,000	8,300,000
Common stock, shares issued	60,044,329	59,619,000		60,044,329	55,249	220,994
Common stock, value, issued	600,000	596,000		600,000	500,000	2,000,000
Number of investments in unconsolidated joint venture	2			2
Office Properties [Member]
Organizational Structure [Line Items]
Number of real estate properties	12			12
Office Campus [Member]
Organizational Structure [Line Items]
Number of real estate properties	1			1
Office Buildings, Campus [Member]
Organizational Structure [Line Items]
Number of real estate properties	9			9
Office Portfolio [Member]
Organizational Structure [Line Items]
Number of real estate properties	1			1
Number of first mortgage loans	1			1
Office Properties, Portfolio [Member]
Organizational Structure [Line Items]
Number of real estate properties	3			3
Office Buildings, Portfolio [Member]
Organizational Structure [Line Items]
Number of real estate properties	4			4
Retail Property, Portfolio [Member]
Organizational Structure [Line Items]
Number of real estate properties	1			1
Apartment Properties, Portfolio [Member]
Organizational Structure [Line Items]
Number of real estate properties acquired through foreclosure	2			2
Undeveloped Land [Member]
Organizational Structure [Line Items]
Number of investments in real estate	2			2
Real estate area of undeveloped land	1,670			1,670
Undeveloped Land, Portfolio [Member]
Organizational Structure [Line Items]
Real estate area of undeveloped land	63			63
Common Stock [Member]
Organizational Structure [Line Items]
Shares registered in primary offering							100,000,000
Shares registered for sale under dividend reinvestment plan							40,000,000
Issuance of common stock, shares	901,146	1,751,478	35,993,756	56,584,976
Issuance of common stock, value	9,000	18,000	360,000	561,700,000
Shares of common stock sold under dividend reinvestment plan, shares				3,981,976
Redemptions of common stock, shares	475,817	260,105	80,944	818,866
Redemptions of common stock, value	$5,000	$3,000	$1,000
Common Stock [Member] | Minimum [Member]
Organizational Structure [Line Items]
Stock offering, shares authorized for issuance							250,000
Common Stock [Member] | Maximum [Member]
Organizational Structure [Line Items]
Stock offering, shares authorized for issuance							140,000,000
KBS Capital Advisors LLC [Member]
Organizational Structure [Line Items]
Shares held by affiliate	20,000			20,000

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Useful Life) (Details)	12 Months Ended
	Dec. 31, 2014
Building [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful life	25 years
Building [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful life	40 years
Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful life	10 years
Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful life	40 years
Tenant Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	Shorter of lease term or expected useful life
Tenant Origination and Absorption Costs [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	Remaining term of related leases, including below-market renewal periods

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) (USD $)

3 Months Ended

12 Months Ended

Dec. 31, 2014

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Dec. 29, 2014

Dec. 09, 2014

Apr. 06, 2014

Mar. 25, 2014

property

property

property

property

Summary of Significant Accounting Policies [Line Items]

Impairment charges on real estate

$579,000

$1,433,000

$0

Number of properties held for investment

1

2

1

2

Restricted cash and cash equivalents

0

0

0

0

Dividend Reinvestment Plan, Purchase Price Per Share as Percent of Estimated Value

95.00%

Dividend Reinvestment Plan, Updated Primary Offering Price

$12.24

$11.27

Dividend Reinvestment Plan, Purchase price per Share

$11.63

$10.71

$9.50

Redemption value

1,000,000

1,000,000

Redemptions of common stock, value

5,100,000

Distributions declared per common share (in dollars per share)

$0.09

[1]

$0.07

[1]

$0.06

[1]

$0.05

[1]

$0.38

[1]

$0

[1]

$0

[1]

$0.06

[1]

$0.26

$0.44

$0.40

Third Amended and Restated Share Redemption Program [Member]

Summary of Significant Accounting Policies [Line Items]

Maximum percentage of weighted-average shares outstanding available for redemption during any calendar year

5.00%

Fourth Amended and Restated Share Redemption Program [Member]

Summary of Significant Accounting Policies [Line Items]

Remaining authorized repurchase amount

$9,900,000

$9,900,000

Fourth Amended and Restated Share Redemption Program [Member] | Held for One Year [Member]

Summary of Significant Accounting Policies [Line Items]

Redemption price percentage of most recent estimated value per share

92.50%

Fourth Amended and Restated Share Redemption Program [Member] | Held for Two Years [Member]

Summary of Significant Accounting Policies [Line Items]

Redemption price percentage of most recent estimated value per share

95.00%

Fourth Amended and Restated Share Redemption Program [Member] | Held for Three Years [Member]

Summary of Significant Accounting Policies [Line Items]

Redemption price percentage of most recent estimated value per share

97.50%

Fourth Amended and Restated Share Redemption Program [Member] | Held for Four Years [Member]

Summary of Significant Accounting Policies [Line Items]

Redemption price percentage of most recent estimated value per share

100.00%

[1]

On March 20, 2013, the Company’s board of directors authorized a distribution in the amount of $0.06153498 per share of common stock to stockholders of record as of the close of business on March 22, 2013. The Company paid this distribution on April 4, 2013. On November 11, 2013, the Company’s board of directors authorized a distribution in the amount of $0.38 per share of common stock to stockholders of record as of the close of business on November 13, 2013. The Company paid this distribution on December 5, 2013. On March 6, 2014, the Company’s board of directors authorized a distribution in the amount of $0.04931507 per share of common stock to stockholders of record as of the close of business on March 31, 2014. The Company paid this distribution on April 15, 2014. On May 8, 2014, the Company’s board of directors authorized a distribution in the amount of $0.056096 per share of common stock to stockholders of record as of the close of business on June 16, 2014. The Company paid this distribution on June 23, 2014. On August 4, 2014, the Company’s board of directors authorized a distribution in the amount of $0.069315 per share of common stock to stockholders of record as of the close of business on September 15, 2014. The Company paid this distribution on September 24, 2014. On November 12, 2014, our board of directors authorized a distribution in the amount of $0.088219 per share of common stock to stockholders of record as of the close of business on December 15, 2014. The Company paid this distribution on December 29, 2014. Investors could choose to receive cash distributions or purchase additional shares under the dividend reinvestment plan.

SUMMARY_OF_SIGNIFICANT_ACCOUNT5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Related Party Transactions) (Details) (USD $)	61 Months Ended	12 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2014
Related Party Transaction [Line Items]
Percent of dealer manager reallows of sales commissions earned to participating broker-dealer	100.00%	100.00%
Stock issued during period, value	$600.90
Selling commissions and dealer manager fees	49.6
Other offering cost	$10.70
Maximum [Member]
Related Party Transaction [Line Items]
Selling commissions fees paid, percent of gross offering proceeds	6.50%	6.50%
Dealer managers fees paid, percent of gross offering proceeds	3.00%	3.00%
Sales commissions, broker dealer, percentage	1.00%	1.00%
Reimbursed offering costs determination, gross offering costs, percentage		15.00%
KBS Capital Advisors LLC [Member]
Related Party Transaction [Line Items]
Acquisition advisory fee, percent	1.00%	1.00%
Monthly asset management fee, percent of acquisition expense	0.00%	0.00%
KBS Capital Advisors LLC [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Reimbursable offering costs determination, gross offering costs, percentage	15.00%	15.00%
Underwriting compensation for initial public offering as percent of gross offering proceeds	10.00%	10.00%
KBS Capital Advisors LLC or Affiliates [Member]
Related Party Transaction [Line Items]
Selling commissions fees paid, percent of sales price	1.00%	1.00%
KBS Capital Advisors LLC, Affiliates or Unaffiliated Third Parties [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Selling commissions fees paid, percent of sales price	6.00%	6.00%
Common Stock [Member]
Related Party Transaction [Line Items]
Stock issued during period, shares	60,566,952

RECENT_ACQUISITIONS_OF_REAL_ES2

RECENT ACQUISITIONS OF REAL ESTATE (Narrative) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014
Business Combinations [Abstract]
Business combination and acquisition cost expensed	$4.40
Total revenues recognized from business combination	17.7
Operating expense recognized from business combination	$12.30

RECENT_ACQUISITIONS_OF_REAL_ES3

RECENT ACQUISITIONS OF REAL ESTATE (Schedule of Business Acquisitions, Properties Acquired) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014
Business Acquisition [Line Items]
Land	$61,900,000
Building and Improvements	148,478,000
Tenant Origination and Absorption Costs	9,499,000
Above-Market Lease Assets	196,000
Below-Market Lease Liabilities	-2,392,000
Other Intangible Assets	4,547,000
Total Purchase Price	222,228,000
424 Bedford [Member] | Mortgages [Member]
Business Acquisition [Line Items]
Notes payable	26,300,000
Fair value of debt	24,800,000
Unamortized discount	1,500,000
Loan, remaining life	8 years 8 months 12 days
Plaza Buildings [Member] | Office [Member]
Business Acquisition [Line Items]
Acquisition Date	14-Jan-14
Land	53,040,000
Building and Improvements	124,212,000
Tenant Origination and Absorption Costs	8,945,000
Above-Market Lease Assets	196,000
Below-Market Lease Liabilities	-2,392,000
Other Intangible Assets	0
Total Purchase Price	184,001,000
424 Bedford [Member]
Business Acquisition [Line Items]
Property tax abatement, period	12 years 4 months 24 days
424 Bedford [Member] | Office [Member]
Business Acquisition [Line Items]
Acquisition Date	31-Jan-14	[1]
Land	8,860,000	[1]
Building and Improvements	24,266,000	[1]
Tenant Origination and Absorption Costs	554,000	[1]
Above-Market Lease Assets	0	[1]
Below-Market Lease Liabilities	0	[1]
Other Intangible Assets	4,547,000	[1],[2]
Total Purchase Price	38,227,000	[1]
Property tax abatement, fair value	$4,500,000
[1]	In connection with the acquisition of 424 Bedford, the Company assumed the 424 Bedford Mortgage Loan from the seller. The Company recorded the mortgage debt with a principal balance of $26.3 million assumed at an estimated fair value of $24.8 million, net of a discount on note payable of $1.5 million due to a below-market interest rate. The discount on note payable is amortized over the remaining life of the loan of 8.7 years. See Note 8, “Notes and Bond Payable” for more information.
[2]	The property is subject to a property tax abatement from the city’s department of housing preservation and development. The estimated fair value of the property tax abatement of $4.5 million was recorded as prepaid expenses and other assets on the Company’s consolidated balance sheet as of the acquisition date and amortized on a straight-line basis over the projected property tax abatement period of approximately 12.4 years. Amortization of the property tax abatement asset is included in depreciation and amortization expense on the accompanying consolidated statements of operations

RECENT_ACQUISITIONS_OF_REAL_ES4

RECENT ACQUISITIONS OF REAL ESTATE (Schedule of Finite-Lived Intangible Assets and Liabilities Acquired, Weighted-Average Amortization Periods) (Details)	12 Months Ended
	Dec. 31, 2014
Tenant Origination and Absorption Costs [Member] | Plaza Buildings [Member]
Business Acquisition [Line Items]
Weighted-average amortization periods	5 years 9 months 18 days
Tenant Origination and Absorption Costs [Member] | 424 Bedford [Member]
Business Acquisition [Line Items]
Weighted-average amortization periods	6 months
Above-Market Lease Assets [Member] | Plaza Buildings [Member]
Business Acquisition [Line Items]
Weighted-average amortization periods	5 years 2 months 12 days
Above-Market Lease Assets [Member] | 424 Bedford [Member]
Business Acquisition [Line Items]
Weighted-average amortization periods	0 years
Below-Market Lease Liabilities [Member] | Plaza Buildings [Member]
Business Acquisition [Line Items]
Weighted-average amortization periods	4 years 3 months 18 days
Below-Market Lease Liabilities [Member] | 424 Bedford [Member]
Business Acquisition [Line Items]
Weighted-average amortization periods	0 years

RECENT_ACQUISITIONS_OF_REAL_ES5

RECENT ACQUISITIONS OF REAL ESTATE (Undeveloped Land) (Details) (Corporate Joint Venture [Member], Undeveloped Land [Member], USD $)	Sep. 04, 2014
In Millions, unless otherwise specified	acre
Corporate Joint Venture [Member] | Undeveloped Land [Member]
Business Acquisition [Line Items]
Area of land	20
Controlling membership interest in joint venture	90.00%
Purchase price	$7.50

REAL_ESTATE_HELD_FOR_INVESTMEN2

REAL ESTATE HELD FOR INVESTMENT (Narrative) (Details)	Dec. 31, 2014	Mar. 14, 2012
	sqft	Units
Real Estate Properties [Line Items]
Rentable square feet	4,600,000
Percentage of portfolio occupied	80.00%
Office Properties [Member]
Real Estate Properties [Line Items]
Number of real estate properties	12
Office Campus [Member]
Real Estate Properties [Line Items]
Number of real estate properties	1
Office Buildings, Campus [Member]
Real Estate Properties [Line Items]
Number of real estate properties	9
Office Portfolio [Member]
Real Estate Properties [Line Items]
Number of real estate properties	1
Office Buildings, Portfolio [Member]
Real Estate Properties [Line Items]
Number of real estate properties	4
Undeveloped Land, Portfolio [Member]
Real Estate Properties [Line Items]
Real estate area of undeveloped land	63
Office Properties, Portfolio [Member]
Real Estate Properties [Line Items]
Number of real estate properties	3
Retail Property, Portfolio [Member]
Real Estate Properties [Line Items]
Number of real estate properties	1
Apartment Property [Member]
Real Estate Properties [Line Items]
Number of real estate properties	2
Rentable square feet	300,000
Percentage of portfolio occupied	87.00%
Apartment Property [Member] | 1180 Raymond [Member] | Multifamily Tower [Member]
Real Estate Properties [Line Items]
Number of units in real estate property		383
Undeveloped Land [Member]
Real Estate Properties [Line Items]
Real estate area of undeveloped land	1,670

REAL_ESTATE_HELD_FOR_INVESTMEN3

REAL ESTATE HELD FOR INVESTMENT (Schedule of Real Estate Investments) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013
Real Estate Properties [Line Items]
Total real estate, cost	$919,259	[1]	$666,744
Accumulated depreciation and amortization	-64,171		-29,859
Total real estate, net	855,088		636,885
Academy Point Atrium I [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	3-Nov-10
Total real estate, cost	2,600	[1]
Accumulated depreciation and amortization	0
Total real estate, net	2,600
Ownership %	100.00%
Northridge Center I & II [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	25-Mar-11
Total real estate, cost	8,808	[1]
Accumulated depreciation and amortization	-1,233
Total real estate, net	7,575
Ownership %	100.00%
Iron Point Business Park [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	21-Jun-11
Total real estate, cost	21,974	[1]
Accumulated depreciation and amortization	-2,893
Total real estate, net	19,081
Ownership %	100.00%
1635 N. Cahuenga Building [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	3-Aug-11
Total real estate, cost	8,137	[1]
Accumulated depreciation and amortization	-783
Total real estate, net	7,354
Ownership %	70.00%
Richardson Portfolio [Member]
Real Estate Properties [Line Items]
Total real estate, cost	47,028	[1]
Accumulated depreciation and amortization	-6,880
Total real estate, net	40,148
Palisades Central I [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	23-Nov-11
Total real estate, cost	11,450	[1]
Accumulated depreciation and amortization	-1,575
Total real estate, net	9,875
Ownership %	90.00%
Palisades Central II [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	23-Nov-11
Total real estate, cost	19,683	[1]
Accumulated depreciation and amortization	-3,690
Total real estate, net	15,993
Ownership %	90.00%
Greenway I [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	23-Nov-11
Total real estate, cost	2,747	[1]
Accumulated depreciation and amortization	-405
Total real estate, net	2,342
Ownership %	90.00%
Greenway III [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	23-Nov-11
Total real estate, cost	5,354	[1]
Accumulated depreciation and amortization	-1,210
Total real estate, net	4,144
Ownership %	90.00%
Undeveloped Land [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	23-Nov-11
Total real estate, cost	7,794	[1]
Accumulated depreciation and amortization	0
Total real estate, net	7,794
Ownership %	90.00%
Park Highlands [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	30-Dec-11
Total real estate, cost	28,229	[1]
Accumulated depreciation and amortization	0
Total real estate, net	28,229
Ownership %	50.10%
Bellevue Technology Center [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	31-Jul-12
Total real estate, cost	80,747	[1]
Accumulated depreciation and amortization	-5,334
Total real estate, net	75,413
Ownership %	100.00%
Powers Ferry Landing East [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	24-Sep-12
Total real estate, cost	9,419	[1]
Accumulated depreciation and amortization	-818
Total real estate, net	8,601
Ownership %	100.00%
1800 West Loop [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	4-Dec-12
Total real estate, cost	73,283	[1]
Accumulated depreciation and amortization	-6,987
Total real estate, net	66,296
Ownership %	100.00%
West Loop I & II [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	7-Dec-12
Total real estate, cost	39,532	[1]
Accumulated depreciation and amortization	-4,017
Total real estate, net	35,515
Ownership %	100.00%
Burbank Collection [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	12-Dec-12
Total real estate, cost	14,231	[1]
Accumulated depreciation and amortization	-854
Total real estate, net	13,377
Ownership %	90.00%
Austin Suburban Portfolio [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	28-Mar-13
Total real estate, cost	78,911	[1]
Accumulated depreciation and amortization	-7,465
Total real estate, net	71,446
Ownership %	100.00%
Westmoor Center [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	12-Jun-13
Total real estate, cost	86,204	[1]
Accumulated depreciation and amortization	-9,388
Total real estate, net	76,816
Ownership %	100.00%
Central Building [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	10-Jul-13
Total real estate, cost	34,593	[1]
Accumulated depreciation and amortization	-2,130
Total real estate, net	32,463
Ownership %	100.00%
50 Congress Street [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	11-Jul-13
Total real estate, cost	53,690	[1]
Accumulated depreciation and amortization	-3,828
Total real estate, net	49,862
Ownership %	100.00%
1180 Raymond [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	20-Aug-13
Total real estate, cost	44,778	[1]
Accumulated depreciation and amortization	-1,579
Total real estate, net	43,199
Ownership %	100.00%
Park Highlands II [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	10-Dec-13
Total real estate, cost	21,224	[1]
Accumulated depreciation and amortization	0
Total real estate, net	21,224
Ownership %	99.50%
Maitland Promenade II [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	18-Dec-13
Total real estate, cost	31,851	[1]
Accumulated depreciation and amortization	-2,161
Total real estate, net	29,690
Ownership %	100.00%
Plaza Building [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	14-Jan-14
Total real estate, cost	192,400	[1]
Accumulated depreciation and amortization	-7,204
Total real estate, net	185,196
Ownership %	100.00%
424 Bedford [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	31-Jan-14
Total real estate, cost	33,676	[1]
Accumulated depreciation and amortization	-617
Total real estate, net	33,059
Ownership %	90.00%
Richardson Land II [Member]
Real Estate Properties [Line Items]
Date Acquired or Foreclosed on	4-Sep-14
Total real estate, cost	7,944	[1]
Accumulated depreciation and amortization	0
Total real estate, net	7,944
Ownership %	90.00%
Land [Member]
Real Estate Properties [Line Items]
Total real estate, cost	233,221		159,596
Land [Member] | Academy Point Atrium I [Member]
Real Estate Properties [Line Items]
Total real estate, cost	1,056
Land [Member] | Northridge Center I & II [Member]
Real Estate Properties [Line Items]
Total real estate, cost	2,234
Land [Member] | Iron Point Business Park [Member]
Real Estate Properties [Line Items]
Total real estate, cost	2,671
Land [Member] | 1635 N. Cahuenga Building [Member]
Real Estate Properties [Line Items]
Total real estate, cost	3,112
Land [Member] | Richardson Portfolio [Member]
Real Estate Properties [Line Items]
Total real estate, cost	10,904
Land [Member] | Palisades Central I [Member]
Real Estate Properties [Line Items]
Total real estate, cost	1,037
Land [Member] | Palisades Central II [Member]
Real Estate Properties [Line Items]
Total real estate, cost	810
Land [Member] | Greenway I [Member]
Real Estate Properties [Line Items]
Total real estate, cost	561
Land [Member] | Greenway III [Member]
Real Estate Properties [Line Items]
Total real estate, cost	702
Land [Member] | Undeveloped Land [Member]
Real Estate Properties [Line Items]
Total real estate, cost	7,794
Land [Member] | Park Highlands [Member]
Real Estate Properties [Line Items]
Total real estate, cost	28,229
Land [Member] | Bellevue Technology Center [Member]
Real Estate Properties [Line Items]
Total real estate, cost	25,506
Land [Member] | Powers Ferry Landing East [Member]
Real Estate Properties [Line Items]
Total real estate, cost	1,643
Land [Member] | 1800 West Loop [Member]
Real Estate Properties [Line Items]
Total real estate, cost	8,360
Land [Member] | West Loop I & II [Member]
Real Estate Properties [Line Items]
Total real estate, cost	7,300
Land [Member] | Burbank Collection [Member]
Real Estate Properties [Line Items]
Total real estate, cost	4,175
Land [Member] | Austin Suburban Portfolio [Member]
Real Estate Properties [Line Items]
Total real estate, cost	8,288
Land [Member] | Westmoor Center [Member]
Real Estate Properties [Line Items]
Total real estate, cost	10,058
Land [Member] | Central Building [Member]
Real Estate Properties [Line Items]
Total real estate, cost	7,015
Land [Member] | 50 Congress Street [Member]
Real Estate Properties [Line Items]
Total real estate, cost	9,876
Land [Member] | 1180 Raymond [Member]
Real Estate Properties [Line Items]
Total real estate, cost	8,292
Land [Member] | Park Highlands II [Member]
Real Estate Properties [Line Items]
Total real estate, cost	21,224
Land [Member] | Maitland Promenade II [Member]
Real Estate Properties [Line Items]
Total real estate, cost	3,434
Land [Member] | Plaza Building [Member]
Real Estate Properties [Line Items]
Total real estate, cost	53,040
Land [Member] | 424 Bedford [Member]
Real Estate Properties [Line Items]
Total real estate, cost	8,860
Land [Member] | Richardson Land II [Member]
Real Estate Properties [Line Items]
Total real estate, cost	7,944
Buildings and Improvements [Member]
Real Estate Properties [Line Items]
Total real estate, cost	635,082		459,136
Buildings and Improvements [Member] | Academy Point Atrium I [Member]
Real Estate Properties [Line Items]
Total real estate, cost	1,544
Buildings and Improvements [Member] | Northridge Center I & II [Member]
Real Estate Properties [Line Items]
Total real estate, cost	6,574
Buildings and Improvements [Member] | Iron Point Business Park [Member]
Real Estate Properties [Line Items]
Total real estate, cost	19,153
Buildings and Improvements [Member] | 1635 N. Cahuenga Building [Member]
Real Estate Properties [Line Items]
Total real estate, cost	4,876
Buildings and Improvements [Member] | Richardson Portfolio [Member]
Real Estate Properties [Line Items]
Total real estate, cost	32,900
Buildings and Improvements [Member] | Palisades Central I [Member]
Real Estate Properties [Line Items]
Total real estate, cost	9,566
Buildings and Improvements [Member] | Palisades Central II [Member]
Real Estate Properties [Line Items]
Total real estate, cost	17,319
Buildings and Improvements [Member] | Greenway I [Member]
Real Estate Properties [Line Items]
Total real estate, cost	2,186
Buildings and Improvements [Member] | Greenway III [Member]
Real Estate Properties [Line Items]
Total real estate, cost	3,829
Buildings and Improvements [Member] | Undeveloped Land [Member]
Real Estate Properties [Line Items]
Total real estate, cost	0
Buildings and Improvements [Member] | Park Highlands [Member]
Real Estate Properties [Line Items]
Total real estate, cost	0
Buildings and Improvements [Member] | Bellevue Technology Center [Member]
Real Estate Properties [Line Items]
Total real estate, cost	51,428
Buildings and Improvements [Member] | Powers Ferry Landing East [Member]
Real Estate Properties [Line Items]
Total real estate, cost	7,670
Buildings and Improvements [Member] | 1800 West Loop [Member]
Real Estate Properties [Line Items]
Total real estate, cost	59,366
Buildings and Improvements [Member] | West Loop I & II [Member]
Real Estate Properties [Line Items]
Total real estate, cost	29,228
Buildings and Improvements [Member] | Burbank Collection [Member]
Real Estate Properties [Line Items]
Total real estate, cost	9,111
Buildings and Improvements [Member] | Austin Suburban Portfolio [Member]
Real Estate Properties [Line Items]
Total real estate, cost	66,035
Buildings and Improvements [Member] | Westmoor Center [Member]
Real Estate Properties [Line Items]
Total real estate, cost	66,361
Buildings and Improvements [Member] | Central Building [Member]
Real Estate Properties [Line Items]
Total real estate, cost	25,277
Buildings and Improvements [Member] | 50 Congress Street [Member]
Real Estate Properties [Line Items]
Total real estate, cost	40,357
Buildings and Improvements [Member] | 1180 Raymond [Member]
Real Estate Properties [Line Items]
Total real estate, cost	36,350
Buildings and Improvements [Member] | Park Highlands II [Member]
Real Estate Properties [Line Items]
Total real estate, cost	0
Buildings and Improvements [Member] | Maitland Promenade II [Member]
Real Estate Properties [Line Items]
Total real estate, cost	23,606
Buildings and Improvements [Member] | Plaza Building [Member]
Real Estate Properties [Line Items]
Total real estate, cost	130,430
Buildings and Improvements [Member] | 424 Bedford [Member]
Real Estate Properties [Line Items]
Total real estate, cost	24,816
Buildings and Improvements [Member] | Richardson Land II [Member]
Real Estate Properties [Line Items]
Total real estate, cost	0
Tenant Origination and Absorption Costs [Member]
Real Estate Properties [Line Items]
Total real estate, cost	50,956		48,012
Tenant Origination and Absorption Costs [Member] | Academy Point Atrium I [Member]
Real Estate Properties [Line Items]
Total real estate, cost	0
Tenant Origination and Absorption Costs [Member] | Northridge Center I & II [Member]
Real Estate Properties [Line Items]
Total real estate, cost	0
Tenant Origination and Absorption Costs [Member] | Iron Point Business Park [Member]
Real Estate Properties [Line Items]
Total real estate, cost	150
Tenant Origination and Absorption Costs [Member] | 1635 N. Cahuenga Building [Member]
Real Estate Properties [Line Items]
Total real estate, cost	149
Tenant Origination and Absorption Costs [Member] | Richardson Portfolio [Member]
Real Estate Properties [Line Items]
Total real estate, cost	3,224
Tenant Origination and Absorption Costs [Member] | Palisades Central I [Member]
Real Estate Properties [Line Items]
Total real estate, cost	847
Tenant Origination and Absorption Costs [Member] | Palisades Central II [Member]
Real Estate Properties [Line Items]
Total real estate, cost	1,554
Tenant Origination and Absorption Costs [Member] | Greenway I [Member]
Real Estate Properties [Line Items]
Total real estate, cost	0
Tenant Origination and Absorption Costs [Member] | Greenway III [Member]
Real Estate Properties [Line Items]
Total real estate, cost	823
Tenant Origination and Absorption Costs [Member] | Undeveloped Land [Member]
Real Estate Properties [Line Items]
Total real estate, cost	0
Tenant Origination and Absorption Costs [Member] | Park Highlands [Member]
Real Estate Properties [Line Items]
Total real estate, cost	0
Tenant Origination and Absorption Costs [Member] | Bellevue Technology Center [Member]
Real Estate Properties [Line Items]
Total real estate, cost	3,813
Tenant Origination and Absorption Costs [Member] | Powers Ferry Landing East [Member]
Real Estate Properties [Line Items]
Total real estate, cost	106
Tenant Origination and Absorption Costs [Member] | 1800 West Loop [Member]
Real Estate Properties [Line Items]
Total real estate, cost	5,557
Tenant Origination and Absorption Costs [Member] | West Loop I & II [Member]
Real Estate Properties [Line Items]
Total real estate, cost	3,004
Tenant Origination and Absorption Costs [Member] | Burbank Collection [Member]
Real Estate Properties [Line Items]
Total real estate, cost	945
Tenant Origination and Absorption Costs [Member] | Austin Suburban Portfolio [Member]
Real Estate Properties [Line Items]
Total real estate, cost	4,588
Tenant Origination and Absorption Costs [Member] | Westmoor Center [Member]
Real Estate Properties [Line Items]
Total real estate, cost	9,785
Tenant Origination and Absorption Costs [Member] | Central Building [Member]
Real Estate Properties [Line Items]
Total real estate, cost	2,301
Tenant Origination and Absorption Costs [Member] | 50 Congress Street [Member]
Real Estate Properties [Line Items]
Total real estate, cost	3,457
Tenant Origination and Absorption Costs [Member] | 1180 Raymond [Member]
Real Estate Properties [Line Items]
Total real estate, cost	136
Tenant Origination and Absorption Costs [Member] | Park Highlands II [Member]
Real Estate Properties [Line Items]
Total real estate, cost	0
Tenant Origination and Absorption Costs [Member] | Maitland Promenade II [Member]
Real Estate Properties [Line Items]
Total real estate, cost	4,811
Tenant Origination and Absorption Costs [Member] | Plaza Building [Member]
Real Estate Properties [Line Items]
Total real estate, cost	8,930
Tenant Origination and Absorption Costs [Member] | 424 Bedford [Member]
Real Estate Properties [Line Items]
Total real estate, cost	0
Tenant Origination and Absorption Costs [Member] | Richardson Land II [Member]
Real Estate Properties [Line Items]
Total real estate, cost	$0
[1]	Amounts are net of impairment charges.

REAL_ESTATE_HELD_FOR_INVESTMEN4

REAL ESTATE HELD FOR INVESTMENT (Operating Leases) (Narrative) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
	Tenants
Operating Leased Assets [Line Items]
Deferred rent recognized	$8.40	$4.60	$1.80
Deferred rent receivables	16.8	7.8
Number of tenants	500
Incentive to lessee	1.6	1.2
Maximum [Member]
Operating Leased Assets [Line Items]
Operating lease, term	13 years 3 months 18 days
Weighted Average [Member]
Operating Leased Assets [Line Items]
Operating lease, term	3 years 8 months 12 days
Other Liabilities [Member]
Operating Leased Assets [Line Items]
Security deposit liability	$5	$3.50

REAL_ESTATE_HELD_FOR_INVESTMEN5

REAL ESTATE HELD FOR INVESTMENT (Future Minimum Rental Income) (Details) (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified
Real Estate [Abstract]
2015	$71,423
2016	67,503
2017	57,789
2018	46,839
2019	34,868
Thereafter	70,270
Future minimum rental income	$348,692

REAL_ESTATE_HELD_FOR_INVESTMEN6

REAL ESTATE HELD FOR INVESTMENT (Highes Tenant Industry Concentrations- Grater than 10% of Annual Base Rent) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
	Tenants
Concentration Risk [Line Items]
Number of Tenants	500
Annualized Base Rent	$36,419	[1]
Percentage of Annualized Base Rent	47.60%
Industry - Finance [Member]
Concentration Risk [Line Items]
Number of Tenants	49
Annualized Base Rent	11,619	[1]
Percentage of Annualized Base Rent	15.20%
Industry - Computer System Design & Programming [Member]
Concentration Risk [Line Items]
Number of Tenants	39
Annualized Base Rent	9,350	[1]
Percentage of Annualized Base Rent	12.20%
Industry - Insurance Carriers & Related Activities [Member]
Concentration Risk [Line Items]
Number of Tenants	26
Annualized Base Rent	7,816	[1]
Percentage of Annualized Base Rent	10.20%
Industry - Professional, Scientific and Legal [Member]
Concentration Risk [Line Items]
Number of Tenants	57
Annualized Base Rent	$7,634	[1]
Percentage of Annualized Base Rent	10.00%
[1]	Annualized base rent represents annualized contractual base rental income as of December 31, 2014, adjusted to straight-line any contractual tenant concessions (including free rent), rent increases and rent decreases from the lease’s inception through the balance of the lease term.

REAL_ESTATE_HELD_FOR_INVESTMEN7

REAL ESTATE HELD FOR INVESTMENT (Geographic Concentration Risk) (Details)	12 Months Ended
	Dec. 31, 2014
Concentration Risk [Line Items]
Concentration risk, percentage	47.60%
WASHINGTON [Member] | Assets, Total [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	28.70%
TEXAS [Member] | Assets, Total [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	21.60%

REAL_ESTATE_HELD_FOR_INVESTMEN8

REAL ESTATE HELD FOR INVESTMENT (Impairment of Real Estate) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Real Estate [Abstract]
Impairment charges on real estate held for investment	$579	$1,433	$0

REAL_ESTATE_HELD_FOR_INVESTMEN9

REAL ESTATE HELD FOR INVESTMENT (Property Damages) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Real Estate Properties [Line Items]
Real estate insurance, maximum deductable per incident	$25,000
Property damages	700,000
Estimated insurance recoveries	700,000
Operating, maintenance, and management	35,957,000	22,804,000	7,779,000
Proceeds from property damage insurance policies	400,000
Estimated insurance recoveries to be collected	300,000
Damaged Properties [Member]
Real Estate Properties [Line Items]
Operating, maintenance, and management	$50,000

TENANT_ORIGINATION_AND_ABSORPT2

TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities [Abstract]
Tenant Origination And Absorption Costs, Cost	$50,956	$48,012
Tenant Origination and Absorption Costs, Accumulated Amortization	-19,215	-10,751
Tenant Origination and Absorption Costs, Net Amount	31,741	37,261
Above-Market Lease Assets, Cost	3,752	4,394
Above-Market Lease Assets, Accumulated Amortization	-1,691	-1,459
Above-Market Lease Assets, Net Amount	2,061	2,935
Below-Market Lease Liabilities, Cost	-7,585	-5,955
Below-Market Lease Liabilities, Accumulated Amortization	3,182	1,535
Below-Market Lease Liabilities, Net Amount	-4,403	-4,420
Tenant Origination And Absorption Costs, Amortization	-15,020	-10,942	-3,689
Above-Market Lease Assets, Amortization	-1,070	-1,456	-1,095
Below-Market Lease Liabilities, Amortization	$2,409	$1,565	$229

TENANT_ORIGINATION_AND_ABSORPT3

TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES (Remaining Unamortized Balance) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
Acquired Finite-Lived Intangible Assets [Line Items]
Below-Market Lease Liabilities 2015	$1,662
Below-Market Lease Liabilities 2016	1,122
Below-Market Lease Liabilities 2017	745
Below-Market Lease Liabilities 2018	488
Below-Market Lease Liabilities 2019	159
Below-Market Lease Liabilities, Thereafter	227
Below-Market Lease Liabilities, Net Amount	4,403
Tenant Origination and Absorption Costs [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
2015	-10,381
2016	-7,612
2017	-5,223
2018	-3,389
2019	-1,998
Thereafter	-3,138
Net Amount	-31,741
Weighted-Average Remaining Amortization Period	4 years 4 months 24 days
Above-Market Lease Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
2015	-760
2016	-581
2017	-343
2018	-188
2019	-82
Thereafter	-107
Net Amount	($2,061)
Weighted-Average Remaining Amortization Period	3 years 7 months 6 days
Below-Market Lease Liabilities [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Amortization Period	3 years 8 months 12 days

TENANT_ORIGINATION_AND_ABSORPT4

TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES (Narrative) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities [Line Items]
Tax abatement asset	$8,200,000	$4,600,000
Amortization expense	47,063,000	28,677,000	8,606,000
Property Tax Abatement Intangible Asset [Member]
Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities [Line Items]
Amortization expense	$900,000	$200,000

REAL_ESTATE_LOAN_RECEIVABLE_Sc

REAL ESTATE LOAN RECEIVABLE (Schedule of Real Estate Loans Receivable) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Book Value	$27,422,000		$21,893,000
University House First Mortgage [Member] | Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Date Acquired/ Originated	20-Mar-13	[1]
Outstanding Principal Balance	27,850,000	[1],[2]
Book Value	27,422,000	[1],[3]	21,893,000	[1],[3]
Contractual Interest Rate	11.00%	[1],[4]
Annualized Effective Interest Rate	14.20%	[1],[4]
Maturity Date	30-Jun-15	[1]
Additional mortgage lending	$5,900,000
[1]	During the year ended December 31, 2014, the Company and the borrower under the University House First Mortgage entered into a loan modification under which the maturity date was extended to June 30, 2015 and the Company advanced an additional $5.9 million to the borrower.
[2]	Outstanding principal balance as of December 31, 2014 represents original principal balance outstanding under the loan, increased for any subsequent fundings, including interest income deferred until maturity.
[3]	Book value of the real estate loan receivable represents outstanding principal balance adjusted for unamortized acquisition discounts, origination fees and direct origination and acquisition costs and additional interest accretion.
[4]	Contractual interest rates are the stated interest rates on the face of the loans. Annualized effective interest rates are calculated as the actual interest income recognized in 2014, using the interest method, annualized (if applicable) and divided by the average amortized cost basis of the investment. The annualized effective interest rates and contractual interest rates presented are as of December 31, 2014.

REAL_ESTATE_LOAN_RECEIVABLE_Sc1

REAL ESTATE LOAN RECEIVABLE (Schedule of Activity Related to Real Estate Loans Receivable) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
Real Estate Loans Receivable [Roll Forward]
Real estate loan receivable - December 31, 2013	$21,893
Advance on real estate loan receivable	5,850
Extension fee on real estate loan receivable	-935
Accretion of closing costs and origination fees on real estate loan receivable, net	614
Real estate loan receivable - December 31, 2014	$27,422

REAL_ESTATE_LOAN_RECEIVABLE_Sc2

REAL ESTATE LOAN RECEIVABLE (Schedule of Interest Income from Real Estate Loans Receivable) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Receivables [Abstract]
Contractual interest income (including deferred interest)	$2,752	$8,248	$1,202
Accretion of closing costs and origination fees, net	614	842	52
Interest accretion	0	1,186	454
Interest income from real estate loans receivable	$3,366	$10,276	$1,708

REAL_ESTATE_HELD_FOR_SALE_AND_2

REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS (Narrative) (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
	property	property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties classified as held for sale during period	0
Office Building [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties disposed	1	3
Industrial/Flex Property [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties disposed		1

REAL_ESTATE_HELD_FOR_SALE_AND_3

REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS (Revenue and Expenses for Real Estate Held-for-Sale) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Discontinued Operations and Disposal Groups [Abstract]
Total revenues	$240	$291	$287
Total expenses	$252	$920	$436

REAL_ESTATE_HELD_FOR_SALE_AND_4

REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS (Schedule of Operating Income from Discontinued Operations) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Discontinued Operations and Disposal Groups [Abstract]
Total revenues and other income	$0	$1,387	$1,029
Total expenses	18	2,754	2,645
Loss from discontinued operations before gain on sales of real estate	-18	-1,367	-1,616
Gain on sales of real estate, net	0	13,108	593
Total (loss) income from discontinued operations	($18)	$11,741	($1,023)

NOTES_AND_BOND_PAYABLE_Narrati

NOTES AND BOND PAYABLE (Narrative) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Notes and Bonds Payable [Abstract]
Interest expense	$15,598,000	$2,706,000	$2,199,000
Amortization of deferred financing costs, net of discontinued operations	2,800,000	700,000	300,000
Interest capitalized	1,987,000	2,718,000
Deferred finance costs	6,200,000	5,000,000
Interest payable	$1,200,000	$500,000

NOTES_AND_BOND_PAYABLE_Schedul

NOTES AND BOND PAYABLE (Schedule of Long-term Debt Instruments) (Details) (USD $)	12 Months Ended		0 Months Ended
	Dec. 31, 2014		Feb. 22, 2013	1-May-13	Jun. 26, 2013	Jul. 24, 2013	Jan. 14, 2014	Nov. 12, 2013	Dec. 31, 2013
Debt Instrument [Line Items]
Total Notes and Bond Payable principal outstanding	$530,238,000								$255,871,000
Net Premium/Discount on Notes and Bond Payable	25,000	[1]							1,549,000	[1]
Total notes payable and bond payable, net	530,263,000								257,420,000
Joint Venture that Owns Burbank Collection [Member]
Debt Instrument [Line Items]
Ownership interest	90.00%
Richardson Portfolio [Member]
Debt Instrument [Line Items]
Ownership interest	90.00%
Richardson Portfolio [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Notes payable	38,000,000	[2]							31,566,000	[2]
Interest rate, effective percentage	2.26%	[2],[3]
Payment terms	Interest Only	[2]
Maturity date	1-May-17	[2],[4]
Richardson Portfolio [Member] | Secured Debt [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Amount outstanding	38,000,000
Unused borrowing capacity, amount	3,500,000
Richardson Portfolio [Member] | Secured Debt [Member] | Mortgages [Member] | Beginning June 1, 2015 [Member]
Debt Instrument [Line Items]
Principal amortization payment	64,000
Richardson Portfolio [Member] | One-month LIBOR [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	2.10%	[2],[3]
Bellevue Technology Center [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Notes payable	49,836,000	[5]							47,408,000	[5]
Interest rate, effective percentage	2.41%	[3],[5]
Payment terms	Interest Only	[5]
Maturity date	1-Mar-17	[4],[5]
Amount outstanding			49,800,000
Unused borrowing capacity, amount			3,200,000
Bellevue Technology Center [Member] | Mortgages [Member] | Beginning March 1, 2016 [Member]
Debt Instrument [Line Items]
Periodic payment			60,000
Bellevue Technology Center [Member] | One-month LIBOR [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	2.25%	[3],[5]
Portfolio Revolving Loan Facility [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Notes payable	12,447,000	[6]							3,379,000	[6]
Interest rate, effective percentage	2.41%	[3],[6]
Payment terms	Interest Only	[6]
Maturity date	1-May-17	[4],[6]
Portfolio Revolving Loan Facility [Member] | Secured Debt [Member] | Mortgages [Member] | Beginning June 1, 2016 [Member]
Debt Instrument [Line Items]
Principal amortization payment				80,000
Portfolio Revolving Loan Facility [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity				59,500,000
Portfolio Revolving Loan Facility [Member] | Revolving Credit Facility [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Amount outstanding	5,500,000
Unused borrowing capacity, amount	54,000,000
Portfolio Revolving Loan Facility [Member] | Non-Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity				13,000,000
Portfolio Revolving Loan Facility [Member] | Non-Revolving Credit Facility [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Amount outstanding	6,900,000
Unused borrowing capacity, amount	6,100,000
Portfolio Revolving Loan Facility [Member] | One-month LIBOR [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	2.25%	[3],[6]
Portfolio Mortgage Loan [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Notes payable	93,751,000	[7]							82,766,000	[7]
Interest rate, effective percentage	2.66%	[3],[7]
Payment terms	Interest Only	[7]
Maturity date	1-Jul-17	[4],[7]
Portfolio Mortgage Loan [Member] | Secured Debt [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Amount outstanding	93,800,000
Unused borrowing capacity, amount	13,800,000
Amortization schedule of mortgage loans on real estate					30 years
Interest rate during period					6.00%
Portfolio Mortgage Loan [Member] | One-month LIBOR [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	2.50%	[3],[7]
1635 N. Cahuenga Building [Member]
Debt Instrument [Line Items]
Ownership interest	70.00%
1635 N. Cahuenga Building [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Notes payable	4,650,000	[8]							4,650,000	[8]
Interest rate, effective percentage	2.51%	[3],[8]
Payment terms	Interest Only	[8]
Maturity date	1-Aug-16	[4],[8]
1635 N. Cahuenga Building [Member] | Secured Debt [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Amount outstanding	4,700,000
Unused borrowing capacity, amount									2,000,000
1635 N. Cahuenga Building [Member] | Secured Debt [Member] | Mortgages [Member] | Beginning August 1, 2015 [Member]
Debt Instrument [Line Items]
Principal amortization payment						7,000
1635 N. Cahuenga Building [Member] | One-month LIBOR [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	2.35%	[3],[8]
Burbank Collection Mortgage Loan [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Notes payable	9,043,000	[9]							8,200,000	[9]
Interest rate, effective percentage	2.54%	[3],[9]
Payment terms	Interest Only	[9]
Maturity date	30-Sep-16	[4],[9]
Burbank Collection Mortgage Loan [Member] | Secured Debt [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Amount outstanding	9,000,000
Unused borrowing capacity, amount									2,200,000
Burbank Collection Mortgage Loan [Member] | One-month LIBOR [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	2.35%	[3],[9]
50 Congress Mortgage Loan [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Notes payable	26,935,000	[10]							26,535,000	[10]
Interest rate, effective percentage	2.06%	[10],[3]
Payment terms	Interest Only	[10]
Maturity date	1-Oct-17	[10],[4]
50 Congress Mortgage Loan [Member] | Secured Debt [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Amount outstanding	26,900,000
Unused borrowing capacity, amount	5,900,000
50 Congress Mortgage Loan [Member] | Secured Debt [Member] | Mortgages [Member] | Beginning November 1, 2016 [Member]
Debt Instrument [Line Items]
Principal amortization payment	32,000
50 Congress Mortgage Loan [Member] | One-month LIBOR [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	1.90%	[10],[3]
1180 Raymond Bond [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Bonds payable	6,945,000								7,085,000
Contractual interest rate, percentage	6.50%
Interest rate, effective percentage	6.50%	[3]
Payment terms	Principal & Interest
Maturity date	1-Sep-36	[4]
Central Building [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Notes payable	24,896,000	[11]							24,100,000	[11]
Interest rate, effective percentage	1.91%	[11],[3]
Payment terms	Interest Only	[11]
Maturity date	13-Nov-18	[11],[4]
Central Building [Member] | Secured Debt [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Amount outstanding	24,900,000
Unused borrowing capacity, amount	2,700,000
Central Building [Member] | One-month LIBOR [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%	[11],[3]
Maitland Promenade II [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Notes payable	20,182,000	[12]							20,182,000	[12]
Interest rate, effective percentage	3.25%	[12],[3]
Payment terms	Interest Only	[12]
Maturity date	1-Jan-17	[12],[4]
Maitland Promenade II [Member] | Secured Debt [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Interest rate, effective percentage	3.25%
Amount outstanding	20,200,000
Unused borrowing capacity, amount	2,800,000
Amortization schedule of mortgage loans on real estate	30 years
Maitland Promenade II [Member] | One-month LIBOR [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	2.90%	[12],[3]
Westmoor Center Mortgage Loan [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Notes payable	54,880,000	[13]							0	[13]
Interest rate, effective percentage	2.41%	[13],[3]
Payment terms	Interest Only	[13]
Maturity date	1-Feb-18	[13],[4]
Amount outstanding	54,900,000
Unused borrowing capacity, amount	7,100,000
Westmoor Center Mortgage Loan [Member] | Mortgages [Member] | Beginning March 1, 2017 [Member]
Debt Instrument [Line Items]
Amortization schedule of mortgage loans on real estate	30 years
Interest rate during period	6.50%
Westmoor Center Mortgage Loan [Member] | One-month LIBOR [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	2.25%	[13],[3]
Plaza Buildings Senior Loan [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Notes payable	109,707,000	[14]							0	[14]
Interest rate, effective percentage	2.06%	[14],[3]
Payment terms	Interest Only	[14]
Maturity date	14-Jan-17	[14],[4]
Amount outstanding	109,700,000
Unused borrowing capacity, amount	1,300,000
Plaza Buildings Senior Loan [Member] | Mortgages [Member] | Beginning February 1, 2016 [Member]
Debt Instrument [Line Items]
Amortization schedule of mortgage loans on real estate	30 years
Interest rate during period	6.50%
Plaza Buildings Mezzanine Loan [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Notes payable	25,000,000	[15]							0	[15]
Interest rate, effective percentage	8.10%	[15],[3]
Payment terms	Interest Only	[15]
Maturity date	14-Jan-17	[15],[4]
Plaza Buildings Mezzanine Loan [Member] | Secured Debt [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Amount outstanding							25,000,000
Unused borrowing capacity, amount							5,000,000
Interest rate during period							8.10%
424 Bedford Mortgage Loan [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Notes payable	25,866,000	[16]							0	[16]
Contractual interest rate, percentage	3.91%	[16]
Interest rate, effective percentage	3.91%	[16],[3]
Payment terms	Principal & Interest	[16]
Maturity date	1-Oct-22	[16],[4]
Amortization schedule of mortgage loans on real estate								30 years
Ownership interest								90.00%
1180 Raymond Mortgage Loan [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Notes payable	28,100,000								0
Interest rate, effective percentage	2.41%	[3]
Payment terms	Interest Only
Maturity date	1-Dec-17	[4]
1180 Raymond Mortgage Loan [Member] | One-month LIBOR [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	2.25%	[3]
Available for Future Disbursements [Member] | 50 Congress Mortgage Loan [Member] | Secured Debt [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Current capacity	2,900,000
Available through October 1, 2016 [Member] | 50 Congress Mortgage Loan [Member] | Secured Debt [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Current capacity	$3,000,000
[1]	Represents the unamortized premium/discount on notes and bond payable due to the above- and below-market interest rates when the debt was assumed. The discount/premium is amortized over the remaining life of the notes and bond payable.
[2]	The Company owns a 90% equity interest in the joint venture that owns the Richardson Portfolio. As of December 31, 2014, $38.0 million had been disbursed to the Company and the remaining $3.5 million is available for future disbursements, subject to certain conditions contained in the loan documents. Monthly payments are initially interest only. Beginning June 2015, monthly payments include principal and interest with principal payments of up to approximately $64,000 per month.
[3]	Contractual interest rate represents the interest rate in effect under the loan as of December 31, 2014. Effective interest rate is calculated as the actual interest rate in effect as of December 31, 2014 (consisting of the contractual interest rate and contractual floor rates), using interest rate indices at December 31, 2014, where applicable.
[4]	Represents the initial maturity date or the maturity date as extended as of December 31, 2014; subject to certain conditions, the maturity dates of certain loans may be extended beyond the date shown.
[5]	As of December 31, 2014, $49.8 million had been disbursed to the Company and the remaining $3.2 million is available for future disbursements to be used for tenant improvements, leasing commissions and capital improvements, subject to certain conditions contained in the loan documents. Monthly payments are initially interest only. Beginning March 1, 2016, monthly payments also include principal amortization payments of up to $60,000 per month.
[6]	The Portfolio Revolving Loan Facility is secured by the 1800 West Loop Building and the Iron Point Business Park. The Portfolio Revolving Loan Facility is comprised of $59.5 million of revolving debt and $13.0 million of non-revolving debt available to be used for tenant improvements, leasing commissions and capital improvements, subject to certain terms and conditions contained in the loan documents. As of December 31, 2014, $5.5 million of revolving debt and $6.9 million of non-revolving debt had been disbursed to the Company and the remaining $54.0 million of revolving debt and $6.1 million of non-revolving debt is available for future disbursements, subject to certain conditions contained in the loan documents. Monthly payments are initially interest only. Beginning June 1, 2016, and to the extent that there are amounts outstanding under the non-revolving portion of the loan, monthly payments will include interest and principal amortization payments of up to $80,000 per month.
[7]	As of December 31, 2014, $93.8 million had been disbursed to the Company with $13.8 million of debt available for future disbursements to be used for tenant improvements, leasing commissions and capital improvements, subject to certain terms and conditions contained in the loan documents. Monthly payments are initially interest only. Beginning July 1, 2016, monthly payments will include principal and interest with principal payments calculated using an amortization schedule of 30 years and an assumed annual interest rate of 6.0%.
[8]	The Company owns a 70% equity interest in the joint venture that owns the 1635 N. Cahuenga Building. As of December 31, 2014, $4.7 million had been disbursed and $2.0 million remains available for future disbursements, subject to certain terms and conditions contained in the loan documents. Monthly payments are initially interest only. Beginning August 1, 2015, monthly payments will also include principal amortization payments of $7,000 per month.
[9]	The Company owns a 90% equity interest in the joint venture that owns the Burbank Collection. As of December 31, 2014, $9.0 million had been disbursed and $2.2 million remains available for future disbursements, subject to certain terms and conditions contained in the loan documents.
[10]	As of December 31, 2014, $26.9 million of the 50 Congress Mortgage Loan was funded and $5.9 million remains available, $2.9 million of which is available for future disbursements to be used for tenant improvements, leasing commissions and capital improvements at 50 Congress and $3.0 million of which is available through October 1, 2016, subject to certain terms and conditions contained in the loan documents. Monthly payments are initially interest only. Beginning November 1, 2016, monthly payments will also include principal amortization payments of $32,000 per month.
[11]	As of December 31, 2014, $24.9 million of the Central Building Mortgage Loan was funded, and $2.7 million remains available for future disbursements to be used for tenant improvements, leasing commissions and capital improvements, subject to certain terms and conditions contained in the loan documents.
[12]	As of December 31, 2014, $20.2 million of the Maitland Promenade II Mortgage Loan was funded and $2.8 million remains available for future disbursements to be used for tenant improvements, leasing commissions, capital improvements and interest shortfalls, subject to certain terms and conditions contained in the loan documents. Interest on the loan is calculated at a variable annual rate of 290 basis points over one-month LIBOR, but at no point shall the interest rate be less than 3.25%. Beginning February 1, 2016, monthly payments will include principal and interest with principal payments calculated using an amortization schedule of 30 years. Monthly payments are initially interest only.
[13]	As of December 31, 2014, $54.9 million had been disbursed and $7.1 million remains available for future disbursements, subject to certain terms and conditions contained in the loan documents. Monthly payments are initially interest only. Beginning March 1, 2017, monthly payments include principal and interest with principal payments calculated using an amortization schedule of 30 years and an annual interest rate of 6.5%.
[14]	As of December 31, 2014, $109.7 million had been disbursed and $1.3 million remains available for future disbursements, subject to certain terms and conditions contained in the loan documents. Monthly payments are initially interest only. Beginning with the February 2016 payment, monthly payments may include principal and interest, with principal payments calculated using an amortization schedule of 30 years and an annual interest rate of 6.5%.
[15]	Interest on this loan is calculated as a floating rate of 785 basis points over one-month LIBOR, but at no point shall interest rate be less than 8.10%. As of December 31, 2014, $25.0 million had been disbursed and $5.0 million remains available for future disbursements, subject to certain terms and conditions contained in the loan documents.
[16]	The Company owns a 90% equity interest in the joint venture that owns 424 Bedford. Monthly payments include principal and interest, with principal payments calculated using an amortization schedule of 30 years.

NOTES_AND_BOND_PAYABLE_Schedul1

NOTES AND BOND PAYABLE (Schedule of Maturities of Long-term Debt) (Details) (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified
Notes and Bonds Payable [Abstract]
2015	$2,005
2016	19,079
2017	402,133
2018	80,972
2019	7,805
Thereafter	18,244
Notes and bond payable outstanding	$530,238

FAIR_VALUE_DISCLOSURES_Schedul

FAIR VALUE DISCLOSURES (Schedule of Face Value, Carrying Amounts and Fair Value) (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Real estate loans receivable, Face Value	$27,850	$22,000
Real estate loans receivable, Value	27,813	22,000
Notes and bond payable, Face Value	530,238	255,871
Notes and bond payable, Value	534,045	258,876
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Real estate loans receivable, Value	27,422	21,893
Notes and bond payable, Value	$530,263	$257,420

FAIR_VALUE_DISCLOSURES_Schedul1

FAIR VALUE DISCLOSURES (Schedule of Assets and Liabilities at Fair Value) (Details) (Nonrecurring Basis [Member], USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified
424 Bedford Mortgage Loan [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	($24,793)	[1]
424 Bedford Mortgage Loan [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	0	[1]
424 Bedford Mortgage Loan [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	0	[1]
424 Bedford Mortgage Loan [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	-24,793	[1]
Impaired Real Estate Held for Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	2,600	[1]
Impaired Real Estate Held for Investment [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	[1]
Impaired Real Estate Held for Investment [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	[1]
Impaired Real Estate Held for Investment [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	$2,600	[1]
[1]	Amounts reflect the fair values of the assets and liabilities at the time each event occurred.

FAIR_VALUE_DISCLOSURES_Narrati

FAIR VALUE DISCLOSURES (Narrative) (Details)	12 Months Ended
	Dec. 31, 2014
Assets Held-for-Investment [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Terminal capitalization rate	9.00%
Discount rate	10.00%
424 Bedford [Member] | Discounted Cash Flow [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Discount rate	4.80%

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Related Party Transaction [Line Items]
Administrative fees, amount paid	$141		$134		$103
Advisor and Dealer Manager [Member]
Related Party Transaction [Line Items]
Incurred	11,676		7,837		37,804
Payable as of	0		0
Advisor and Dealer Manager [Member] | Acquisition and Origination Fees on Real Estate Loans Receivable [Member]
Related Party Transaction [Line Items]
Incurred	0		220		790
Payable as of	0		0
Advisor and Dealer Manager [Member] | Acquisition Fee on Investment in Unconsolidated Joint Venture [Member]
Related Party Transaction [Line Items]
Incurred	1,573		0		0
Payable as of	0		0
Advisor and Dealer Manager [Member] | Acquisition Fee on Undeveloped Land [Member]
Related Party Transaction [Line Items]
Incurred	67		199		0
Payable as of	0		0
Advisor and Dealer Manager [Member] | Expensed [Member] | Asset Management Fees [Member]
Related Party Transaction [Line Items]
Expenses	7,648	[1]	4,173	[1]	1,710	[1]
Payable as of	0	[1]	0	[1]
Advisor and Dealer Manager [Member] | Expensed [Member] | Real Estate Acquisition Fee [Member]
Related Party Transaction [Line Items]
Expenses	2,231		2,784		2,206
Payable as of	0		0
Advisor and Dealer Manager [Member] | Expensed [Member] | Reimbursement of Operating Expenses [Member]
Related Party Transaction [Line Items]
Expenses	157	[2]	139	[2]	118	[2]
Payable as of	0	[2]	0	[2]
Advisor and Dealer Manager [Member] | Expensed [Member] | Dispositon Fees [Member]
Related Party Transaction [Line Items]
Expenses	0	[3]	322	[3]	21	[3]
Payable as of	0	[3]	0	[3]
Advisor and Dealer Manager [Member] | Additional Paid-in Capital [Member] | Sales Commissions [Member]
Related Party Transaction [Line Items]
Incurred	0		0		20,683
Payable as of	0		0
Advisor and Dealer Manager [Member] | Additional Paid-in Capital [Member] | Dealer Manager Fees [Member]
Related Party Transaction [Line Items]
Incurred	0		0		10,451
Payable as of	0		0
Advisor and Dealer Manager [Member] | Additional Paid-in Capital [Member] | Reimbursable Other Offering Costs [Member]
Related Party Transaction [Line Items]
Incurred	0		0		1,825
Payable as of	$0		$0
[1]	Amounts include asset management fees from discontinued operations.
[2]	The Advisor may seek reimbursement for certain employee costs under the Advisory Agreement. The Company has reimbursed the Advisor for the Company’s allocable portion of the salaries, benefits and overhead of internal audit department personnel providing services to the Company. These amounts totaled $141,000, $134,000 and $103,000 for the years ended December 31, 2014, 2013 and 2012, respectively, and were the only employee costs reimbursed under the Advisory Agreement during these periods. The Company will not reimburse for employee costs in connection with services for which the Advisor earns acquisition, origination or disposition fees (other than reimbursement of travel and communication expenses) or for the salaries or benefits the Advisor or its affiliates may pay to the Company’s executive officers.
[3]	Disposition fees with respect to real estate sold are included in the gain on sales of real estate in the accompanying consolidated statements of operations.

INVESTMENT_IN_UNCONSOLIDATED_J2

INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Investments in Unconsolidated Joint Ventures) (Details) (USD $)	Dec. 31, 2014	2-May-14	Dec. 31, 2013
In Thousands, unless otherwise specified	property
Schedule of Equity Method Investments [Line Items]
Investment Balance	$72,045		$16,338
OCM NIP JV Holdings, L.P. and HC KBS NIP JV, LLC (“HC-KBS”) [Member]
Schedule of Equity Method Investments [Line Items]
Number of Properties	23
Investment Balance	5,305		7,484
OCM NIP JV Holdings, L.P. and HC KBS NIP JV, LLC (“HC-KBS”) [Member] | Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Ownership %	5.00%
110 William Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Number of Properties	1
Ownership %	60.00%	60.00%
Investment Balance	$66,740		$8,854

INVESTMENT_IN_UNCONSOLIDATED_J3

INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Narrative) (Details) (USD $)	12 Months Ended			0 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	9-May-12	2-May-14	18-May-12
	sqft					sqft
	Tenants
Schedule of Equity Method Investments [Line Items]
Rentable square feet	4,600,000
Initial capital contribution	$58,987,000	$9,000,000	$8,000,000
Investments in unconsolidated joint ventures	72,045,000	16,338,000
Income (loss) from unconsolidated joint venture	0	95,000	116,000
Number of tenants	500
Face amount	530,238,000	255,871,000
Loss from equity method investments	1,101,000	146,000	0
NIP Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Number of real estate properties	23
Rentable square feet						11,400,000
Initial capital contribution				8,000,000
Investments in unconsolidated joint ventures	5,305,000	7,484,000
Income (loss) from unconsolidated joint venture		100,000	100,000
Return of capital from the joint venture	2,200,000	400,000	100,000
110 William Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Number of real estate properties	1
Rentable square feet					928,157
Area of land					0.8
Ownership interest	60.00%				60.00%
Investments in unconsolidated joint ventures	66,740,000	8,854,000
Loss from equity method investments	1,101,000	146,000
110 William Joint Venture [Member] | 110 William JV Partner [Member]
Schedule of Equity Method Investments [Line Items]
Noncontrolling interest					40.00%
Percent of property leased					97.00%
Number of tenants					33
Industrial [Member] | NIP Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Number of real estate properties						23
Maximum [Member] | NIP Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Ownership interest	5.00%
110 William Street [Member]
Schedule of Equity Method Investments [Line Items]
Consideration transferred					261,100,000
First Mortgage [Member] | 110 William Street [Member]
Schedule of Equity Method Investments [Line Items]
Face amount					141,500,000
Contractual interest rate, percentage					4.80%
Mezzanine Loan [Member] | 110 William Street [Member]
Schedule of Equity Method Investments [Line Items]
Face amount					$20,000,000
Contractual interest rate, percentage					9.50%

INVESTMENT_IN_UNCONSOLIDATED_J4

INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Summarized Financial Information - 110 William Joint Venture) (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Balance Sheet Related Disclosures [Abstract]
Real estate assets, net of accumulated depreciation and amortization	$855,088				$636,885				$855,088	$636,885
Total assets	1,022,514				776,138				1,022,514	776,138
Other liabilities	9,192				6,481				9,192	6,481
Total liabilities and equity	1,022,514				776,138				1,022,514	776,138
Income Statement [Abstract]
Revenues	27,686	27,598	26,244	24,626	20,391	23,281	14,361	10,463	106,154	68,496	18,880
Operating, maintenance, and management									35,957	22,804	7,779
Real estate taxes and insurance									14,189	9,282	2,476
Real estate acquisition fees and expenses									2,177	1,218	1,352
Depreciation and amortization									47,063	28,677	8,606
Interest expense									15,598	2,706	2,199
Total expenses									128,860	76,132	29,318
Total other income									-1,024	7,484	1,366
Net (loss) income attributable to common stockholders	-4,879	-3,367	-5,331	-9,617	5,081	7,344	-2,343	1,411	-23,194	11,493	-9,762
Company’s equity in loss of unconsolidated joint venture									-1,101	-146	0
110 William Joint Venture [Member]
Balance Sheet Related Disclosures [Abstract]
Real estate assets, net of accumulated depreciation and amortization	276,683				0				276,683	0
Other assets	15,858				15,000				15,858	15,000
Total assets	292,541				15,000				292,541	15,000
Notes payable, net	168,178				0				168,178	0
Other liabilities	15,796				243				15,796	243
Partners’ capital	108,567				14,757				108,567	14,757
Total liabilities and equity	292,541				15,000				292,541	15,000
Income Statement [Abstract]
Revenues									22,536	0
Operating, maintenance, and management									6,869	0
Real estate taxes and insurance									3,476	0
Real estate acquisition fees and expenses									1,016	244
Depreciation and amortization									8,806	0
Interest expense									4,193	0
Total expenses									24,360	244
Total other income									36	0
Net (loss) income attributable to common stockholders									-1,788	-244
Company’s equity in loss of unconsolidated joint venture									($1,101)	($146)

PRO_FORMA_FINANCIAL_INFORMATIO2

PRO FORMA FINANCIAL INFORMATION (UNAUDITED) (Narrative) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014
Business Acquisition [Line Items]
Business combination and acquisition cost expensed	$4.40
Plaza Building [Member]
Business Acquisition [Line Items]
Business combination and acquisition cost expensed	$2.10
Office Portfolio [Member]
Business Acquisition [Line Items]
Number of real estate properties acquired	1
Apartment Property [Member]
Business Acquisition [Line Items]
Number of real estate properties acquired	1

PRO_FORMA_FINANCIAL_INFORMATIO3

PRO FORMA FINANCIAL INFORMATION (UNAUDITED) (Unaudited Pro Forma Basis) (Details) (Plaza Building [Member], USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Plaza Building [Member]
Business Acquisition [Line Items]
Revenues	$106,693	$82,168
Depreciation and amortization	47,317	34,120
Net (loss) income attributable to common stockholders	($21,137)	$9,212
Net (loss) income per common share, basic and diluted	($0.35)	$0.16
Weighted-average number of common shares outstanding, basic and diluted	59,714,540	58,359,568

SELECTED_QUARTERLY_FINANCIAL_D2

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) (USD $)	3 Months Ended																12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2013		Sep. 30, 2013		Jun. 30, 2013		Mar. 31, 2013		Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Nov. 12, 2014	Aug. 04, 2014	8-May-14	Mar. 06, 2014	Nov. 11, 2013	Mar. 20, 2013
Quarterly Financial Information Disclosure [Abstract]
Revenues	$27,686		$27,598		$26,244		$24,626		$20,391		$23,281		$14,361		$10,463		$106,154	$68,496	$18,880
Net (loss) income	-4,948		-3,426		-5,480		-9,894		5,017		7,260		-2,429		1,741		-23,748	11,589	-10,095
Net income (loss) attributable to common stockholders	($4,879)		($3,367)		($5,331)		($9,617)		$5,081		$7,344		($2,343)		$1,411		($23,194)	$11,493	($9,762)
Net income (loss) per common share, basic and diluted	($0.08)		($0.06)		($0.09)		($0.16)		$0.09		$0.13		($0.04)		$0.02		($0.39)	$0.20	($0.28)
Distributions declared per common share (in dollars per share)	$0.09	[1]	$0.07	[1]	$0.06	[1]	$0.05	[1]	$0.38	[1]	$0	[1]	$0	[1]	$0.06	[1]	$0.26	$0.44	$0.40
Distributions authorized per common share																				$0.09	$0.07	$0.06	$0.05	$0.38	$0.06
[1]	On March 20, 2013, the Company’s board of directors authorized a distribution in the amount of $0.06153498 per share of common stock to stockholders of record as of the close of business on March 22, 2013. The Company paid this distribution on April 4, 2013. On November 11, 2013, the Company’s board of directors authorized a distribution in the amount of $0.38 per share of common stock to stockholders of record as of the close of business on November 13, 2013. The Company paid this distribution on December 5, 2013. On March 6, 2014, the Company’s board of directors authorized a distribution in the amount of $0.04931507 per share of common stock to stockholders of record as of the close of business on March 31, 2014. The Company paid this distribution on April 15, 2014. On May 8, 2014, the Company’s board of directors authorized a distribution in the amount of $0.056096 per share of common stock to stockholders of record as of the close of business on June 16, 2014. The Company paid this distribution on June 23, 2014. On August 4, 2014, the Company’s board of directors authorized a distribution in the amount of $0.069315 per share of common stock to stockholders of record as of the close of business on September 15, 2014. The Company paid this distribution on September 24, 2014. On November 12, 2014, our board of directors authorized a distribution in the amount of $0.088219 per share of common stock to stockholders of record as of the close of business on December 15, 2014. The Company paid this distribution on December 29, 2014. Investors could choose to receive cash distributions or purchase additional shares under the dividend reinvestment plan.

EARNINGS_PER_SHARE_Details

EARNINGS PER SHARE (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Earnings Per Share [Abstract]
Loss from continuing operations									($23,730)	($152)	($9,072)
Loss from continuing operations attributable to noncontrolling interests									554	302	232
(Loss) income from continuing operations attributable to common stockholders									-23,176	150	-8,840
Total (loss) income from discontinued operations									-18	11,741	-1,023
Total (income) loss from discontinued operations attributable to noncontrolling interests									0	-398	101
Total (loss) income from discontinued operations attributable to common stockholders									-18	11,343	-922
Net (loss) income attributable to common stockholders	($4,879)	($3,367)	($5,331)	($9,617)	$5,081	$7,344	($2,343)	$1,411	($23,194)	$11,493	($9,762)
Weighted-average number of common shares outstanding, basic and diluted									59,714,540	58,359,568	35,458,656
Basic and diluted (loss) income per common share:
Continuing operations (in dollars per share)									($0.39)	$0	($0.25)
Discontinued operations (in dollars per share)									$0	$0.20	($0.03)
Net (loss) income per common share (in dollars per share)	($0.08)	($0.06)	($0.09)	($0.16)	$0.09	$0.13	($0.04)	$0.02	($0.39)	$0.20	($0.28)

SUBSEQUENT_EVENTS_Distribution

SUBSEQUENT EVENTS (Distribution Declared) (Details) (USD $)

3 Months Ended

12 Months Ended

0 Months Ended

Dec. 31, 2014

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Mar. 05, 2015

Subsequent Event [Line Items]

Distributions declared per common share (in dollars per share)

$0.09

[1]

$0.07

[1]

$0.06

[1]

$0.05

[1]

$0.38

[1]

$0

[1]

$0

[1]

$0.06

[1]

$0.26

$0.44

$0.40

Subsequent Event [Member]

Subsequent Event [Line Items]

Distributions declared per common share (in dollars per share)

$0.09

[1]

On March 20, 2013, the Company’s board of directors authorized a distribution in the amount of $0.06153498 per share of common stock to stockholders of record as of the close of business on March 22, 2013. The Company paid this distribution on April 4, 2013. On November 11, 2013, the Company’s board of directors authorized a distribution in the amount of $0.38 per share of common stock to stockholders of record as of the close of business on November 13, 2013. The Company paid this distribution on December 5, 2013. On March 6, 2014, the Company’s board of directors authorized a distribution in the amount of $0.04931507 per share of common stock to stockholders of record as of the close of business on March 31, 2014. The Company paid this distribution on April 15, 2014. On May 8, 2014, the Company’s board of directors authorized a distribution in the amount of $0.056096 per share of common stock to stockholders of record as of the close of business on June 16, 2014. The Company paid this distribution on June 23, 2014. On August 4, 2014, the Company’s board of directors authorized a distribution in the amount of $0.069315 per share of common stock to stockholders of record as of the close of business on September 15, 2014. The Company paid this distribution on September 24, 2014. On November 12, 2014, our board of directors authorized a distribution in the amount of $0.088219 per share of common stock to stockholders of record as of the close of business on December 15, 2014. The Company paid this distribution on December 29, 2014. Investors could choose to receive cash distributions or purchase additional shares under the dividend reinvestment plan.

SCHEDULE_III_REAL_ESTATE_ASSET1

SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION (Details) (USD $)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Real Estate and Accumulated Depreciation [Line Items]
Gross Amount at which Carried at Close of Period, Total	$919,259,000	[1]	$668,018,000	[1]	$326,154,000	[1]	$110,335,000	[1]
Accumulated Depreciation and Amortization	-64,171,000	[2]	-29,859,000	[2]	-8,521,000	[2]	-2,583,000	[2]
Aggregate cost of real estate for federal income tax purposes	955,800,000
Debt, outstanding amount	530,238,000
Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	222,841,000
Initial Cost to Company, Building and Improvements	645,248,000	[3]
Initial Cost to Company, Total	868,089,000
Cost Capitalized Subsequent to Acquisition	51,170,000	[4]
Gross Amount at which Carried at Close of Period, Land	233,221,000
Gross Amount at which Carried at Close of Period, Building and Improvements	686,038,000	[3]
Gross Amount at which Carried at Close of Period, Total	919,259,000	[5]
Accumulated Depreciation and Amortization	-64,171,000
Academy Point Atrium I [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Encumbrances	0
Initial Cost to Company, Land	1,650,000
Initial Cost to Company, Building and Improvements	1,223,000	[3]
Initial Cost to Company, Total	2,873,000
Cost Capitalized Subsequent to Acquisition	-273,000	[4]
Gross Amount at which Carried at Close of Period, Land	1,056,000
Gross Amount at which Carried at Close of Period, Building and Improvements	1,544,000	[3]
Gross Amount at which Carried at Close of Period, Total	2,600,000	[5]
Accumulated Depreciation and Amortization	0
Original Date of Construction	1981
Date Acquired or Foreclosed on	3-Nov-10
Northridge Center I & II [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	2,234,000
Initial Cost to Company, Building and Improvements	4,457,000	[3]
Initial Cost to Company, Total	6,691,000
Cost Capitalized Subsequent to Acquisition	2,117,000	[4]
Gross Amount at which Carried at Close of Period, Land	2,234,000
Gross Amount at which Carried at Close of Period, Building and Improvements	6,574,000	[3]
Gross Amount at which Carried at Close of Period, Total	8,808,000	[5]
Accumulated Depreciation and Amortization	-1,233,000
Original Date of Construction	1985/1989
Date Acquired or Foreclosed on	25-Mar-11
Iron Point Business Park [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	2,671,000
Initial Cost to Company, Building and Improvements	16,576,000	[3]
Initial Cost to Company, Total	19,247,000
Cost Capitalized Subsequent to Acquisition	2,727,000	[4]
Gross Amount at which Carried at Close of Period, Land	2,671,000
Gross Amount at which Carried at Close of Period, Building and Improvements	19,303,000	[3]
Gross Amount at which Carried at Close of Period, Total	21,974,000	[5]
Accumulated Depreciation and Amortization	-2,893,000
Original Date of Construction	1999/2001
Date Acquired or Foreclosed on	21-Jun-11
1635 N. Cahuenga Building [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	70.00%
Encumbrances	4,650,000
Initial Cost to Company, Land	3,112,000
Initial Cost to Company, Building and Improvements	4,245,000	[3]
Initial Cost to Company, Total	7,357,000
Cost Capitalized Subsequent to Acquisition	780,000	[4]
Gross Amount at which Carried at Close of Period, Land	3,112,000
Gross Amount at which Carried at Close of Period, Building and Improvements	5,025,000	[3]
Gross Amount at which Carried at Close of Period, Total	8,137,000	[5]
Accumulated Depreciation and Amortization	-783,000
Original Date of Construction	1983
Date Acquired or Foreclosed on	3-Aug-11
Richardson Portfolio [Member] | Secured Debt [Member]
Real Estate and Accumulated Depreciation [Line Items]
Debt, outstanding amount	38,000,000
Richardson Portfolio [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	38,000,000
Initial Cost to Company, Land	8,610,000
Initial Cost to Company, Building and Improvements	30,998,000	[3]
Initial Cost to Company, Total	39,608,000
Cost Capitalized Subsequent to Acquisition	7,420,000	[4]
Gross Amount at which Carried at Close of Period, Land	10,904,000
Gross Amount at which Carried at Close of Period, Building and Improvements	36,124,000	[3]
Gross Amount at which Carried at Close of Period, Total	47,028,000	[5]
Accumulated Depreciation and Amortization	-6,880,000
Palisades Central I [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	90.00%
Initial Cost to Company, Land	1,037,000
Initial Cost to Company, Building and Improvements	8,628,000	[3]
Initial Cost to Company, Total	9,665,000
Cost Capitalized Subsequent to Acquisition	1,785,000	[4]
Gross Amount at which Carried at Close of Period, Land	1,037,000
Gross Amount at which Carried at Close of Period, Building and Improvements	10,413,000	[3]
Gross Amount at which Carried at Close of Period, Total	11,450,000	[5]
Accumulated Depreciation and Amortization	-1,575,000
Original Date of Construction	1980
Date Acquired or Foreclosed on	23-Nov-11
Palisades Central II [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	90.00%
Initial Cost to Company, Land	810,000
Initial Cost to Company, Building and Improvements	17,117,000	[3]
Initial Cost to Company, Total	17,927,000
Cost Capitalized Subsequent to Acquisition	1,756,000	[4]
Gross Amount at which Carried at Close of Period, Land	810,000
Gross Amount at which Carried at Close of Period, Building and Improvements	18,873,000	[3]
Gross Amount at which Carried at Close of Period, Total	19,683,000	[5]
Accumulated Depreciation and Amortization	-3,690,000
Original Date of Construction	1985
Date Acquired or Foreclosed on	23-Nov-11
Greenway I [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	90.00%
Initial Cost to Company, Land	561,000
Initial Cost to Company, Building and Improvements	1,170,000	[3]
Initial Cost to Company, Total	1,731,000
Cost Capitalized Subsequent to Acquisition	1,016,000	[4]
Gross Amount at which Carried at Close of Period, Land	561,000
Gross Amount at which Carried at Close of Period, Building and Improvements	2,186,000	[3]
Gross Amount at which Carried at Close of Period, Total	2,747,000	[5]
Accumulated Depreciation and Amortization	-405,000
Original Date of Construction	1983
Date Acquired or Foreclosed on	23-Nov-11
Greenway III [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	90.00%
Initial Cost to Company, Land	702,000
Initial Cost to Company, Building and Improvements	4,083,000	[3]
Initial Cost to Company, Total	4,785,000
Cost Capitalized Subsequent to Acquisition	569,000	[4]
Gross Amount at which Carried at Close of Period, Land	702,000
Gross Amount at which Carried at Close of Period, Building and Improvements	4,652,000	[3]
Gross Amount at which Carried at Close of Period, Total	5,354,000	[5]
Accumulated Depreciation and Amortization	-1,210,000
Original Date of Construction	1983
Date Acquired or Foreclosed on	23-Nov-11
Undeveloped Land [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	90.00%
Initial Cost to Company, Land	5,500,000
Initial Cost to Company, Building and Improvements	0	[3]
Initial Cost to Company, Total	5,500,000
Cost Capitalized Subsequent to Acquisition	2,294,000	[4]
Gross Amount at which Carried at Close of Period, Land	7,794,000
Gross Amount at which Carried at Close of Period, Building and Improvements	0	[3]
Gross Amount at which Carried at Close of Period, Total	7,794,000	[5]
Accumulated Depreciation and Amortization	0
Date Acquired or Foreclosed on	23-Nov-11
Park Highlands [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	50.10%
Encumbrances	0
Initial Cost to Company, Land	21,000,000
Initial Cost to Company, Building and Improvements	0	[3]
Initial Cost to Company, Total	21,000,000
Cost Capitalized Subsequent to Acquisition	7,229,000	[4]
Gross Amount at which Carried at Close of Period, Land	28,229,000
Gross Amount at which Carried at Close of Period, Building and Improvements	0	[3]
Gross Amount at which Carried at Close of Period, Total	28,229,000	[5]
Accumulated Depreciation and Amortization	0
Date Acquired or Foreclosed on	30-Dec-11
Bellevue Technology Center [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Encumbrances	49,836,000
Initial Cost to Company, Land	25,506,000
Initial Cost to Company, Building and Improvements	52,411,000	[3]
Initial Cost to Company, Total	77,917,000
Cost Capitalized Subsequent to Acquisition	2,830,000	[4]
Gross Amount at which Carried at Close of Period, Land	25,506,000
Gross Amount at which Carried at Close of Period, Building and Improvements	55,241,000	[3]
Gross Amount at which Carried at Close of Period, Total	80,747,000	[5]
Accumulated Depreciation and Amortization	-5,334,000
Original Date of Construction	1973-2000
Date Acquired or Foreclosed on	31-Jul-12
Powers Ferry Landing East [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	1,643,000
Initial Cost to Company, Building and Improvements	3,761,000	[3]
Initial Cost to Company, Total	5,404,000
Cost Capitalized Subsequent to Acquisition	4,015,000	[4]
Gross Amount at which Carried at Close of Period, Land	1,643,000
Gross Amount at which Carried at Close of Period, Building and Improvements	7,776,000	[3]
Gross Amount at which Carried at Close of Period, Total	9,419,000	[5]
Accumulated Depreciation and Amortization	-818,000
Original Date of Construction	1980/1982/1985
Date Acquired or Foreclosed on	24-Sep-12
1800 West Loop [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	8,360,000
Initial Cost to Company, Building and Improvements	59,292,000	[3]
Initial Cost to Company, Total	67,652,000
Cost Capitalized Subsequent to Acquisition	5,631,000	[4]
Gross Amount at which Carried at Close of Period, Land	8,360,000
Gross Amount at which Carried at Close of Period, Building and Improvements	64,923,000	[3]
Gross Amount at which Carried at Close of Period, Total	73,283,000	[5]
Accumulated Depreciation and Amortization	-6,987,000
Original Date of Construction	1982
Date Acquired or Foreclosed on	4-Dec-12
West Loop I & II [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	7,300,000
Initial Cost to Company, Building and Improvements	29,742,000	[3]
Initial Cost to Company, Total	37,042,000
Cost Capitalized Subsequent to Acquisition	2,490,000	[4]
Gross Amount at which Carried at Close of Period, Land	7,300,000
Gross Amount at which Carried at Close of Period, Building and Improvements	32,232,000	[3]
Gross Amount at which Carried at Close of Period, Total	39,532,000	[5]
Accumulated Depreciation and Amortization	-4,017,000
Original Date of Construction	1980/1981
Date Acquired or Foreclosed on	7-Dec-12
Burbank Collection [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	90.00%
Encumbrances	9,043,000
Initial Cost to Company, Land	4,175,000
Initial Cost to Company, Building and Improvements	8,799,000	[3]
Initial Cost to Company, Total	12,974,000
Cost Capitalized Subsequent to Acquisition	1,257,000	[4]
Gross Amount at which Carried at Close of Period, Land	4,175,000
Gross Amount at which Carried at Close of Period, Building and Improvements	10,056,000	[3]
Gross Amount at which Carried at Close of Period, Total	14,231,000	[5]
Accumulated Depreciation and Amortization	-854,000
Original Date of Construction	2008
Date Acquired or Foreclosed on	12-Dec-12
Austin Suburban Portfolio [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	8,288,000
Initial Cost to Company, Building and Improvements	67,745,000
Initial Cost to Company, Total	76,033,000
Cost Capitalized Subsequent to Acquisition	2,878,000
Gross Amount at which Carried at Close of Period, Land	8,288,000
Gross Amount at which Carried at Close of Period, Building and Improvements	70,623,000
Gross Amount at which Carried at Close of Period, Total	78,911,000
Accumulated Depreciation and Amortization	-7,465,000
Original Date of Construction	1985/1986/2000
Date Acquired or Foreclosed on	28-Mar-13
Westmoor Center [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Encumbrances	54,880,000
Initial Cost to Company, Land	10,058,000
Initial Cost to Company, Building and Improvements	73,510,000
Initial Cost to Company, Total	83,568,000
Cost Capitalized Subsequent to Acquisition	2,636,000
Gross Amount at which Carried at Close of Period, Land	10,058,000
Gross Amount at which Carried at Close of Period, Building and Improvements	76,146,000
Gross Amount at which Carried at Close of Period, Total	86,204,000
Accumulated Depreciation and Amortization	-9,388,000
Original Date of Construction	1998/1999
Date Acquired or Foreclosed on	12-Jun-13
Central Building [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Encumbrances	24,896,000
Initial Cost to Company, Land	7,015,000
Initial Cost to Company, Building and Improvements	26,124,000
Initial Cost to Company, Total	33,139,000
Cost Capitalized Subsequent to Acquisition	1,454,000
Gross Amount at which Carried at Close of Period, Land	7,015,000
Gross Amount at which Carried at Close of Period, Building and Improvements	27,578,000
Gross Amount at which Carried at Close of Period, Total	34,593,000
Accumulated Depreciation and Amortization	-2,130,000
Original Date of Construction	1907
Date Acquired or Foreclosed on	10-Jul-13
50 Congress Street [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Encumbrances	26,935,000
Initial Cost to Company, Land	9,876,000
Initial Cost to Company, Building and Improvements	43,455,000
Initial Cost to Company, Total	53,331,000
Cost Capitalized Subsequent to Acquisition	359,000
Gross Amount at which Carried at Close of Period, Land	9,876,000
Gross Amount at which Carried at Close of Period, Building and Improvements	43,814,000
Gross Amount at which Carried at Close of Period, Total	53,690,000
Accumulated Depreciation and Amortization	-3,828,000
Original Date of Construction	1910/1915
Date Acquired or Foreclosed on	11-Jul-13
1180 Raymond [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Encumbrances	35,045,000
Initial Cost to Company, Land	8,292,000
Initial Cost to Company, Building and Improvements	37,651,000
Initial Cost to Company, Total	45,943,000
Cost Capitalized Subsequent to Acquisition	-1,165,000
Gross Amount at which Carried at Close of Period, Land	8,292,000
Gross Amount at which Carried at Close of Period, Building and Improvements	36,486,000
Gross Amount at which Carried at Close of Period, Total	44,778,000
Accumulated Depreciation and Amortization	-1,579,000
Original Date of Construction	1929
Date Acquired or Foreclosed on	20-Aug-13
Park Highlands II [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	99.50%
Encumbrances	0
Initial Cost to Company, Land	20,255,000
Initial Cost to Company, Building and Improvements	0	[3]
Initial Cost to Company, Total	20,255,000
Cost Capitalized Subsequent to Acquisition	969,000	[4]
Gross Amount at which Carried at Close of Period, Land	21,224,000
Gross Amount at which Carried at Close of Period, Building and Improvements	0	[3]
Gross Amount at which Carried at Close of Period, Total	21,224,000	[5]
Accumulated Depreciation and Amortization	0
Date Acquired or Foreclosed on	10-Dec-13
Maitland Promenade II [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Encumbrances	20,182,000
Initial Cost to Company, Land	3,434,000
Initial Cost to Company, Building and Improvements	27,282,000
Initial Cost to Company, Total	30,716,000
Cost Capitalized Subsequent to Acquisition	1,135,000
Gross Amount at which Carried at Close of Period, Land	3,434,000
Gross Amount at which Carried at Close of Period, Building and Improvements	28,417,000
Gross Amount at which Carried at Close of Period, Total	31,851,000
Accumulated Depreciation and Amortization	-2,161,000
Original Date of Construction	2001
Date Acquired or Foreclosed on	18-Dec-13
Plaza Buildings [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Encumbrances	134,707,000
Initial Cost to Company, Land	53,040,000
Initial Cost to Company, Building and Improvements	133,157,000
Initial Cost to Company, Total	186,197,000
Cost Capitalized Subsequent to Acquisition	6,203,000
Gross Amount at which Carried at Close of Period, Land	53,040,000
Gross Amount at which Carried at Close of Period, Building and Improvements	139,360,000
Gross Amount at which Carried at Close of Period, Total	192,400,000
Accumulated Depreciation and Amortization	-7,204,000
Original Date of Construction	1978/1983
Date Acquired or Foreclosed on	14-Jan-14
424 Bedford [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	90.00%
Encumbrances	25,866,000
Initial Cost to Company, Land	8,860,000
Initial Cost to Company, Building and Improvements	24,820,000	[3]
Initial Cost to Company, Total	33,680,000
Cost Capitalized Subsequent to Acquisition	-4,000	[4]
Gross Amount at which Carried at Close of Period, Land	8,860,000
Gross Amount at which Carried at Close of Period, Building and Improvements	24,816,000	[3]
Gross Amount at which Carried at Close of Period, Total	33,676,000	[5]
Accumulated Depreciation and Amortization	-617,000
Original Date of Construction	2010
Date Acquired or Foreclosed on	31-Jan-14
Richardson Land II [Member] | Properties Held for Investment [Member]
Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	90.00%
Encumbrances	0
Initial Cost to Company, Land	7,462,000
Initial Cost to Company, Building and Improvements	0	[3]
Initial Cost to Company, Total	7,462,000
Cost Capitalized Subsequent to Acquisition	482,000	[4]
Gross Amount at which Carried at Close of Period, Land	7,944,000
Gross Amount at which Carried at Close of Period, Building and Improvements	0	[3]
Gross Amount at which Carried at Close of Period, Total	7,944,000	[5]
Accumulated Depreciation and Amortization	0
Date Acquired or Foreclosed on	4-Sep-14
1800 West Loop and Iron Point Business Park [Member] | Secured Debt [Member]
Real Estate and Accumulated Depreciation [Line Items]
Debt, outstanding amount	12,400,000
Northridge Center I & II, Powers Ferry Landing East, West Loop I & II and the Austin Suburban Portfolio [Member] | Secured Debt [Member]
Real Estate and Accumulated Depreciation [Line Items]
Debt, outstanding amount	$93,800,000
[1]	Amounts include real estate held for sale.
[2]	Acquisitions includes properties which the Company acquired through foreclosure on or to which it otherwise received title.
[3]	Building and improvements include tenant origination and absorption costs.
[4]	Costs capitalized subsequent to acquisition is net of write-offs of fully depreciated/amortized assets.
[5]	The aggregate cost of real estate for federal income tax purposes was $955.8 million as of December 31, 2014.

SCHEDULE_III_REAL_ESTATE_ASSET2

SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION (Reconciliation) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Real Estate
Balance at the beginning of the year	$668,018	[1]	$326,154	[1]	$110,335	[1]
Acquisitions	227,339	[1],[2]	342,985	[1],[2]	212,152	[1],[2]
Improvements	36,942	[1]	24,670	[1]	8,284	[1]
Write-off of fully depreciated and fully amortized assets	-10,362	[1]	-5,835	[1]	-3,360	[1]
Impairments	-697		-2,025		0
Loss due to property damages	-707		0		0
Sales	-1,274	[1]	-17,931	[1]	-1,257	[1]
Balance at the end of the year	919,259	[1]	668,018	[1]	326,154	[1]
Accumulated depreciation and amortization:
Balance at the beginning of the year	29,859	[2]	8,521	[2]	2,583	[2]
Depreciation and amortization expense	44,848	[2]	28,956	[2]	9,305	[2]
Write-off of fully depreciated and fully amortized assets	-10,362	[2]	-5,835	[2]	-3,360	[2]
Impairments	-118	[2]	-638	[2]	0	[2]
Sales	-56	[2]	-1,145	[2]	-7	[2]
Balance at the end of the year	$64,171	[2]	$29,859	[2]	$8,521	[2]
[1]	Amounts include real estate held for sale.
[2]	Acquisitions includes properties which the Company acquired through foreclosure on or to which it otherwise received title.