New York REIT Liquidating (NYRT) 10-Q 13 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Oct. 31, 2013
Entity Registrant Name	'AMERICAN REALTY CAPITAL NEW YORK RECOVERY REIT INC	'
Entity Central Index Key	'0001474464	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Non-accelerated Filer	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-13	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	125,941,235

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Real estate investments, at cost:	'	'
Land	$208,748	$92,648
Buildings, fixtures and improvements	529,816	229,557
Acquired intangible lease assets	83,102	38,652
Total real estate investments, at cost	821,666	360,857
Less accumulated depreciation and amortization	-32,106	-12,263
Total real estate investments, net	789,560	348,594
Cash and cash equivalents	376,552	5,354
Restricted cash	1,490	962
Investment securities, at fair value	1,107	0
Derivatives, at fair value	301	0
Receivable for sales of common stock	10,589	1,123
Due from affiliate, net	500	325
Prepaid expenses and other assets	21,739	4,624
Deferred costs, net	11,346	6,868
Total assets	1,213,184	367,850
LIABILITIES AND EQUITY	'	'
Mortgage notes payable	172,831	185,569
Credit facility	80,000	19,995
Below-market lease liabilities, net	33,299	6,235
Derivatives, at fair value	1,557	1,710
Accounts payable and accrued expenses	23,603	10,058
Deferred rent and other liabilities	1,642	866
Distributions payable	4,987	986
Total liabilities	317,919	225,419
Common stock, $0.01 par value; 300,000,000 shares authorized, 107,781,407 and 19,930,772 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively	1,078	199
Additional paid-in capital	945,588	164,972
Accumulated other comprehensive loss	-1,424	-1,693
Accumulated deficit	-51,195	-22,338
Total stockholders' equity	894,047	141,140
Non-controlling interests	1,218	1,291
Total equity	895,265	142,431
Total liabilities and equity	1,213,184	367,850
Preferred Shares	'	'
LIABILITIES AND EQUITY	'	'
Preferred stock	0	0
Convertible Preferred Stock	'	'
LIABILITIES AND EQUITY	'	'
Preferred stock	$0	$0

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	107,781,407	19,930,772
Common stock, shares outstanding	107,781,407	19,930,772
Preferred Shares	'	'
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	40,866,376	40,866,376
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Convertible Preferred Stock	'	'
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	9,133,624	9,133,624
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenues:	'	'	'	'
Rental income	$14,476	$3,877	$32,283	$9,876
Operating expense reimbursements	1,252	243	2,677	601
Total revenues	15,728	4,120	34,960	10,477
Operating expenses:	'	'	'	'
Property operating	3,670	682	7,855	1,532
Operating fees to affiliates	0	0	0	0
Acquisition and transaction related, net	4,273	1,242	4,639	2,884
General and administrative	183	68	547	149
Depreciation and amortization	10,259	2,143	20,531	5,509
Total operating expenses	18,385	4,135	33,572	10,074
Operating income (loss)	-2,657	-15	1,388	403
Other expenses:	'	'	'	'
Interest expense	-2,749	-1,295	-7,589	-3,461
Interest and investment income	26	0	27	0
Gain (loss) on derivative instrument	0	0	4	-1
Total other expenses	-2,723	-1,295	-7,558	-3,462
Net loss	-5,380	-1,310	-6,170	-3,059
Net loss attributable to non-controlling interests	7	40	22	22
Net loss attributable to stockholders	-5,373	-1,270	-6,148	-3,037
Other comprehensive income (loss):	'	'	'	'
Designated derivatives, fair value adjustment	-1,683	-586	450	-861
Unrealized loss on investment securities, net	-172	0	-181	0
Comprehensive loss attributable to stockholders	($7,228)	($1,856)	($5,879)	($3,898)
Basic and diluted net loss per share attributable to stockholders	($0.06)	($0.09)	($0.12)	($0.29)

CONSOLIDATED_STATEMENT_OF_CHAN

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (USD $)	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive (Loss)	Accumulated Deficit	Stockholders' Equity	Non- controlling Interests
In Thousands, except Share data, unless otherwise specified
Beginning Balance at Oct. 05, 2009	'	'	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'	'
Issuances of common stock	'	$1,043,442	'	'	'	'	'
Ending Balance at Sep. 30, 2013	'	1,078	'	'	'	'	'
Ending Balance (in shares) at Sep. 30, 2013	'	107,781,407	'	'	'	'	'
Beginning Balance at Dec. 31, 2012	142,431	199	164,972	-1,693	-22,338	141,140	1,291
Beginning Balance (in shares) at Dec. 31, 2012	'	19,930,772	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'	'
Issuance of common stock (in shares)	'	86,986,062	'	'	'	'	'
Issuances of common stock	857,340	870	856,470	'	'	857,340	'
Common stock offering costs, commissions and dealer manager fees	-83,982	'	-83,982	'	'	-83,982	'
Common stock issued through distribution reinvestment plan (in shares)	'	981,471	'	'	'	'	'
Common stock issued though distribution reinvestment plan	9,324	10	9,314	'	'	9,324	'
Commons stock repurchases (in shares)	'	-144,005	'	'	'	'	'
Common stock repurchases	-1,389	-1	-1,388	'	'	-1,389	'
Share-based compensation (in shares)	'	27,107	'	'	'	'	'
Share-based compensation	202	0	202	'	'	202	'
Distributions to non-controlling interest holders	-51	'	'	'	'	'	-51
Loss allocated to non-controlling interest holders	-22	'	'	'	'	'	-22
Distributions declared	-22,709	'	'	'	-22,709	-22,709	'
Net loss	-6,148	'	'	'	-6,148	-6,148	'
Other comprehensive income	269	'	'	269	'	269	'
Ending Balance at Sep. 30, 2013	$895,265	$1,078	$945,588	($1,424)	($51,195)	$894,047	$1,218
Ending Balance (in shares) at Sep. 30, 2013	'	107,781,407	'	'	'	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:	'	'
Net loss attributable to stockholders	($6,148,000)	($3,037,000)
Adjustments to reconcile net loss attributable to stockholders to net cash provided by operating activities:	'	'
Depreciation	14,766,000	4,330,000
Amortization of intangibles	5,764,000	1,179,000
Amortization of deferred financing costs	1,685,000	586,000
Accretion of below-market lease liabilities and amortization of above-market lease assets, net	-1,362,000	-323,000
Net loss attributable to non-controlling interests	-22,000	-22,000
Share-based compensation	202,000	48,000
Loss (gain) on derivative instruments	-4,000	1,000
Non-controlling interest issued	0	100,000
Changes in assets and liabilities:	'	'
Prepaid expenses and other assets	-8,539,000	-1,221,000
Accounts payable and accrued expenses	-713,000	393,000
Deferred rent and other liabilities	776,000	388,000
Net cash provided by operating activities	6,405,000	2,422,000
Cash flows from investing activities:	'	'
Investment in real estate and other assets	-348,840,000	-88,245,000
Deposits for investments in real estate	-10,000,000	0
Capital expenditures	-10,488,000	-991,000
Purchase of investment securities	-1,288,000	0
Net cash used in investing activities	-370,616,000	-89,236,000
Cash flows from financing activities:	'	'
Payments on notes payable	0	-5,933,000
Proceeds from mortgage notes payable	0	31,565,000
Payments on mortgage notes payable	-72,738,000	-324,000
Proceeds from credit facility	80,000,000	42,500,000
Payments on credit facility	-19,995,000	-28,500,000
Proceeds from issuance of common stock	847,874,000	80,134,000
Repurchases of common stock	-1,413,000	-172,000
Payments of offering costs and fees related to stock issuances	-83,298,000	-7,248,000
Payments of deferred financing costs	-4,883,000	-2,923,000
Distributions paid	-9,384,000	-2,247,000
Due from affiliate	-175,000	-31,000
Distributions to non-controlling interest holders	-51,000	-464,000
Payments to non-controlling interest holder	0	-12,000,000
Restricted cash	-528,000	-866,000
Net cash provided by financing activities	735,409,000	93,491,000
Net increase in cash and cash equivalents	371,198,000	6,677,000
Cash and cash equivalents, beginning of period	5,354,000	10,222,000
Cash and cash equivalents, end of period	376,552,000	16,899,000
Supplemental disclosures:	'	'
Cash paid for interest	5,701,000	2,789,000
Cash paid for income taxes	9,000	15,000
Non-cash investing and financing activities:	'	'
Mortgage notes payable used to acquire investments in real estate	60,000,000	0
Non-controlling interest retained by seller	0	380,000
Common stock issued through distribution reinvestment plan	$9,324,000	$2,083,000

Organization

Organization	9 Months Ended
	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization	'
	Organization
	American Realty Capital New York Recovery REIT, Inc. (the "Company"), incorporated on October 6, 2009, is a Maryland corporation that qualified as a real estate investment trust for U.S. federal income tax purposes beginning with the taxable year ended December 31, 2010.  On September 2, 2010, the Company commenced its initial public offering (the "IPO") on a "reasonable best efforts" basis of up to 150.0 million shares of common stock, $0.01 par value per share, at a price of $10.00 per share, subject to certain volume and other discounts, pursuant to a registration statement on Form S-11, as amended (File No. 333-163069) (the "Registration Statement") filed with the U.S. Securities and Exchange Commission (the "SEC") under the Securities Act of 1933, as amended (the "Securities Act"). The Registration Statement also covers up to 25.0 million shares available pursuant to a distribution reinvestment plan (the "DRIP") under which the Company's common stockholders may elect to have their distributions reinvested in additional shares of the Company's common stock at the greater of $9.50 per share or 95% of the estimated value of a share of common stock. On August 2, 2013, the Company filed a Registration Statement on Form S-11 with the SEC to register a follow-on offering of up to 12.5 million shares of common stock at a price of $10.00 per share on a “reasonable best efforts” basis and 1.25 million shares of common stock pursuant to the DRIP at $9.50 per share.
	As of September 30, 2013, the Company had 107.8 million shares of common stock outstanding, including unvested restricted shares, converted shares of convertible preferred stock (the "Preferred Shares") and shares issued under the DRIP. As of September 30, 2013, the Company had received total proceeds from the IPO and the DRIP of $1.0 billion from the sale of 105.8 million shares of common stock, including shares issued under the DRIP.  In addition, the Company sold 2.0 million Preferred Shares for gross proceeds of $17.0 million in a private placement pursuant to Rule 506 of Regulation D of the Securities Act (the "Preferred Offering"), which terminated on September 2, 2010, the effective date of the Registration Statement. On December 15, 2011, the Company exercised its option to convert the Preferred Shares into 2.0 million shares of common stock on a one-for-one basis. As of September 30, 2013, the aggregate value of all issuances and subscriptions of common stock outstanding was $1.1 billion based on a per share value of $10.00 (or $9.50 for shares issued under the DRIP).
	The Company was formed to acquire income-producing commercial real estate in the New York metropolitan area, and, in particular, properties located in New York City, with a focus on office and retail properties. All such properties may be acquired and operated by the Company alone or jointly with another party. The Company may also originate or acquire first mortgage loans secured by real estate.  The Company purchased its first property and commenced active operations in June 2010.  As of September 30, 2013, the Company owned 19 properties consisting of 1.3 million rentable square feet, which were 96.2% leased on a weighted average basis with a weighted average remaining lease term of 9.9 years.
	Substantially all of the Company's business is conducted through New York Recovery Operating Partnership, L.P. (the "OP"), a Delaware limited partnership. The Company has no employees.  The Company has retained New York Recovery Advisors, LLC (the "Advisor") to manage its affairs on a day-to-day basis. New York Recovery Properties, LLC (the "Property Manager") serves as the Company's property manager, unless services are performed by a third party for specific properties.  Realty Capital Securities, LLC (the "Dealer Manager") serves as the dealer manager of the IPO.  The Advisor and the Property Manager are wholly owned entities of, and the Dealer Manager is under common ownership with, American Realty Capital III, LLC (the "Sponsor"), as a result of which, they are related parties and receive compensation, fees and expense reimbursements for services related to the IPO and for the investment and management of the Company's assets. These entities receive fees during the offering, acquisition, operational and liquidation stages.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Summary of Significant Accounting Policies
	The accompanying consolidated financial statements of the Company included herein were prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and with the instructions to the Quarterly Report on Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The information furnished includes all adjustments and accruals of a normal recurring nature, which, in the opinion of management, are necessary for a fair presentation of results for the interim periods. All intercompany accounts and transactions have been eliminated in consolidation. The results of operations for the three and nine months ended September 30, 2013 are not necessarily indicative of the results for the entire year or any subsequent interim period.
	These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto as of, and for the year ended December 31, 2012, which are included in the Company's Annual Report on Form 10-K filed with the SEC on March 7, 2013. There have been no significant changes to the Company's significant accounting policies during the nine months ended September 30, 2013, other than the updates described below and the subsequent notes.
	Recent Accounting Pronouncements
	In December 2011, the Financial Accounting Standards Board ("FASB") issued guidance regarding disclosures about offsetting assets and liabilities, which requires an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. The guidance is effective for fiscal years and interim periods beginning on or after January 1, 2013 with retrospective application for all comparative periods presented. The adoption of this guidance, which is related to disclosure only, did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In July 2012, the FASB issued revised guidance intended to simplify how an entity tests indefinite-lived intangible assets for impairment. The amendments will allow an entity first to assess qualitative factors to determine whether it is necessary to perform a quantitative impairment test. An entity will no longer be required to calculate the fair value of an indefinite-lived intangible asset and perform the quantitative test unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. The amendments are effective for annual and interim indefinite-lived intangible asset impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. The adoption of this guidance did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In February 2013, the FASB issued guidance which requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. The guidance is effective for annual and interim periods beginning after December 15, 2012 with early adoption permitted. The adoption of this guidance, which is related to disclosure only, did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In February 2013, the FASB issued new accounting guidance clarifying the accounting and disclosure requirements for obligations resulting from joint and several liability arrangements for which the total amount under the arrangement is fixed at the reporting date. The new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2013. The Company does not expect the adoption of this guidance to have a material impact on the Company's consolidated financial position, results of operations or cash flows.

Real_Estate_Investments

Real Estate Investments	9 Months Ended
	Sep. 30, 2013
Real Estate [Abstract]	'
Real Estate Investments	'
	Real Estate Investments
	The following table presents the allocation of the assets acquired and liabilities assumed during the nine months ended September 30, 2013 and 2012:
		Nine Months Ended September 30,
	(Dollar amounts in thousands)	2013				2012
	Real estate investments, at cost:
	Land	$	116,100			$	23,369
	Buildings, fixtures and improvements	289,771				62,845
	Total tangible assets	405,871				86,214
	Acquired intangibles:
	In-place leases	38,001				5,590
	Above-market lease assets	7,726				261
	Below-market lease liabilities	(29,159		)		(2,758		)
	Total acquired intangibles	16,568				3,093
	Total assets acquired, net	422,439				89,307
	Mortgage notes payable used to acquire investments in real estate	(60,000		)		—
	Non-controlling interest retained by seller	—				(380		)
	Other liabilities assumed	(13,599		)		(682		)
	Cash paid for acquired real estate investments	$	348,840			$	88,245
	Number of properties purchased	3				3
	All of the Company's properties are located in the New York metropolitan area. The following table reflects the number and aggregate purchase prices of properties acquired during the nine months ended September 30, 2013 and the years ended December 31, 2012, 2011 and 2010:
		Number of Properties		Base Purchase Price
				(in thousands)
	Year ended December 31, 2010	4		$	66,250
	Year ended December 31, 2011	5		57,926
	Year ended December 31, 2012	7		226,527
	Nine months ended September 30, 2013	3		422,439
	Total portfolio as of September 30, 2013	19		$	773,142
	The following table presents pro forma information as if the acquisitions during the nine months ended September 30, 2013, had been consummated on January 1, 2012. Additionally, the unaudited pro forma net loss attributable to stockholders was adjusted to reclass acquisition and transaction related expenses of $7.0 million from the nine months ended September 30, 2013 to the nine months ended September 30, 2012.
		Nine Months Ended September 30,
	(In thousands)	2013				2012
	Pro forma revenues	$	53,791			$	39,543
	Pro forma net income (loss) attributable to stockholders	$	862			$	(9,894	)
	The following table presents future minimum base rent cash payments due to the Company subsequent to September 30, 2013.  These amounts exclude contingent rental payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes among other items.
	(In thousands)	Future Minimum
		Base Rent Payments
	October 1, 2013 — December 31, 2013	$	11,781
	2014	50,803
	2015	49,590
	2016	50,092
	2017	49,382
	Thereafter	398,386
		$	610,034
	The following table lists the tenants (including for this purpose, all affiliates of such tenants) whose annualized rental income on a straight-line basis represented greater than 10% of total annualized rental income for all portfolio properties on a straight-line basis as of September 30, 2013 and 2012:
				September 30,
	Property Portfolio	Tenant		2013		2012
	333 West 34th Street	The Segal Company (Eastern States) Inc		14.90%		*
	50 Varick Street	Spring Studios New York LLC		10.80%		*
	_____________________
	* Tenant's annualized rental income on a straight-line basis was not greater than 10% of total annualized rental income for all portfolio properties as of the period specified.
	The termination, delinquency or non-renewal of the above tenants may have a material adverse effect on revenues. No other tenant represents more than 10% of annualized rental income as of September 30, 2013 and 2012.

Investment_Securities

Investment Securities	9 Months Ended
	Sep. 30, 2013
Investment Securities [Abstract]	'
Investment Securities	'
	Investment Securities
	As of September 30, 2013, the Company had investments in redeemable preferred stock, with a fair value of $1.1 million. These investments are considered available-for-sale securities and therefore increases or decreases in the fair value of these investments are recorded in accumulated other comprehensive income as a component of equity on the consolidated balance sheet unless the securities are considered to be permanently impaired at which time the losses would be reclassified to expense.
	The following table details the unrealized losses on investment securities as of September 30, 2013. The Company did not have any such investments as of December 31, 2012.
		September 30, 2013
	(In thousands)	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	Investment securities	$	1,288	$	—	$	(181	)	$	1,107
	Unrealized losses as of September 30, 2013 were considered temporary and therefore no impairment was recorded during the three and nine months ended September 30, 2013.
	The Company's preferred stock investments are redeemable at the respective issuer's option after five years from issuance.

Credit_Facility

Credit Facility	9 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]	'
Revolving Credit Facility	'
	Credit Facility
	On March 30, 2012, the Company entered into a senior unsecured revolving credit facility in the amount of $40.0 million. The credit facility generally bore interest at a floating rate equal to LIBOR plus 2.50%, subject to adjustment as set forth in the credit agreement, and included an unused commitment fee per annum of (a) 0.2% if the unused balance of the facility was equal to or less than 50% of the available facility and (b) 0.3% if the unused balance of the facility exceeded 50% of the available facility. The credit facility had a term of 36 months, however, it was superseded by the following facility described below.
	On August 20, 2013, the Company entered into a $220.0 million credit facility, which provides for aggregate revolving loan borrowings of up to $110.0 million and aggregate term loan borrowings of up to $110.0 million. The credit facility contains an "accordion" feature to allow the Company, under certain circumstances, to increase the aggregate commitments under the credit facility to a maximum of $325.0 million. The term loan component of the credit facility matures in August 2018 and the revolving loan component matures in August 2016. Both the term loan component and the revolving loan component of the credit facility contain extension options to obtain additional commitments in minimum increments of $25.0 million, provided aggregate borrowings under the credit facility do not exceed $325.0 million.
	The Company has the option, based upon its corporate leverage, its consolidated net worth and a minimum number of properties in the borrowing base, to have the credit facility priced at either: (a) LIBOR, plus an applicable margin that ranges from 1.50% to 2.75%; or (b) the Base Rate (as defined below), plus an applicable margin that ranges from 0.50% to 1.75%. Base Rate is defined in the credit facility as the greatest of (i) the fluctuating annual rate of interest announced from time to time by the lender as its “prime rate,” (ii) 0.50% above the federal funds effective rate and (iii) 1.00% above the applicable one-month LIBOR. The outstanding balance on the term loan component of the credit facility as of September 30, 2013 was $80.0 million with an interest rate of 3.28%, the LIBOR portion of which is fixed with an interest rate swap agreement. There were no advances outstanding under the revolving component of the credit facility as of September 30, 2013. The unused borrowing capacity, based on the value of the borrowing base properties as of September 30, 2013, was $77.9 million. Availability of borrowings is based on a pool of eligible unencumbered real estate assets.
	The credit facility provides for monthly interest payments for each Base Rate loan and periodic payments for each LIBOR loan, based upon the applicable LIBOR loan period, with all principal outstanding being due on the maturity date. The credit facility may be prepaid at any time, in whole or in part, without premium or penalty. In the event of a default, the lenders have the right to terminate their obligations under the credit facility and to accelerate the payment on any unpaid principal amount of all outstanding loans.
	The credit facility requires the Company to meet certain financial covenants, including the maintenance of certain financial ratios (such as specified debt to equity and debt service coverage ratios) as well as the maintenance of a minimum net worth. As of September 30, 2013, the Company was in compliance with the debt covenants under the credit facility agreement.

Mortgage_Notes_Payable

Mortgage Notes Payable	9 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]	'
Mortgage Notes Payable	'
	Mortgage Notes Payable
	The Company's mortgage notes payable as of September 30, 2013 and December 31, 2012 consist of the following:
					Outstanding Loan Amount
	Portfolio		Encumbered		September 30,		December 31, 2012		Effective			Interest Rate	Maturity
			Properties		2013				Interest Rate
					(In thousands)		(In thousands)
	Interior Design Building		1		$	20,675	$	20,949	4.4	%		Fixed	Dec. 2021
	367 - 387 Bleecker Street		3		21,300		21,300		4.3	%		Fixed	Dec. 2015
	Foot Locker		1		3,250		3,250		4.6	%		Fixed	Jun. 2016
	Regal Parking Garage		1		3,000		3,000		4.5	%		Fixed	Jul. 2016
	Duane Reade		1		8,400		8,400		3.6	%		Fixed	Nov. 2016
	416 Washington Street		1		4,853		4,917		4.4	%		Fixed	Dec. 2021
	One Jackson Square		1		13,000		13,000		3.4	%	(1)	Fixed	Dec. 2016
	350 West 42nd Street		1		11,365		11,365		3.4	%		Fixed	Aug. 2017
	1100 Kings Highway		1		20,200		20,200		3.4	%	(1)	Fixed	Aug. 2017
	1623 Kings Highway		1		7,288		7,288		3.3	%	(1)	Fixed	Nov. 2017
	256 West 38th Street		1		24,500		24,500		3.1	%	(1)	Fixed	Dec. 2017
	256 West 38th Street		—		—		2,400		5.3	%	(2)	Variable	Dec. 2013
	229 West 36th Street		1		35,000		35,000		2.9	%	(1)	Fixed	Dec. 2017
	229 West 36th Street		—		—		10,000		5.3	%	(2)	Variable	Dec. 2013
			14		$	172,831	$	185,569	3.6	%	(3)
	______________________
	-1	Fixed through an interest rate swap agreement.
	-2	These variable rate mezzanine loans were repaid in full in January 2013.
	-3	Calculated on a weighted average basis for all mortgages outstanding as of September 30, 2013.
	The following table summarizes the scheduled aggregate principal payments subsequent to September 30, 2013:
	(In thousands)		Future Minimum Principal Payments
	October 1, 2013 — December 31, 2013		$	115
	2014		473
	2015		21,794
	2016		28,167
	2017		102,730
	Thereafter		19,552
	Total		$	172,831
	Some of the Company's mortgage notes payable agreements require compliance with certain property-level financial covenants including debt service coverage ratios. As of September 30, 2013 and December 31, 2012, the Company was in compliance with the financial covenants under its mortgage note agreements.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
Fair Value Of Financial Instruments	'
	Fair Value of Financial Instruments
	The Company determines fair value based on quoted prices when available or through the use of alternative approaches, such as discounting the expected cash flows using market interest rates commensurate with the credit quality and duration of the investment. This alternative approach also reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The guidance defines three levels of inputs that may be used to measure fair value:
	Level 1 — Quoted prices in active markets for identical assets and liabilities that the reporting entity has the ability to access at the measurement date.
	Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset and liability or can be corroborated with observable market data for substantially the entire contractual term of the asset or liability.
	Level 3 — Unobservable inputs that reflect the entity's own assumptions that market participants would use in the pricing of the asset or liability and are consequently not based on market activity, but rather through particular valuation techniques.
	The determination of where an asset or liability falls in the hierarchy requires significant judgment and considers factors specific to the asset or liability. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company evaluates its hierarchy disclosures each quarter and depending on various factors, it is possible that an asset or liability may be classified differently from quarter to quarter. However, the Company expects that changes in classifications between levels will be rare.
	Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with those derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by the Company and its counterparties. However, as of September 30, 2013 and December 31, 2012, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation of the Company's derivatives. As a result, the Company has determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy.
	The valuation of derivative instruments is determined using a discounted cash flow analysis on the expected cash flows. This analysis reflects the contractual terms of the derivatives, including the period to maturity, as well as observable market-based inputs, including interest rate curves and implied volatilities. In addition, credit valuation adjustments are incorporated into the fair values to account for the Company's potential nonperformance risk and the performance risk of the counterparties.
	The Company has investments in redeemable preferred stock that are traded in active markets and therefore, due to the availability of quoted market prices in active markets, classified these investments as level 1 in the fair value hierarchy.
	The following table presents information about the Company's assets and liabilities (including derivatives that are presented net) measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012, aggregated by the level in the fair value hierarchy within which those instruments fall:
	(In thousands)	Quoted Prices in Active Markets				Significant Other Observable Inputs				Significant Unobservable Inputs				Total
		Level 1				Level 2				Level 3
	September 30, 2013
	Interest rate swaps, net	$	—			$	(1,256	)		$	—			$	(1,256	)
	Investment securities	$	1,107			$	—			$	—			$	1,107
	December 31, 2012
	Interest rate swaps	$	—			$	(1,710	)		$	—			$	(1,710	)
	Investment securities	$	—			$	—			$	—			$	—
	A review of the fair value hierarchy classification is conducted on a quarterly basis. Changes in the type of inputs may result in a reclassification for certain assets. There were no transfers between Level 1 and Level 2 of the fair value hierarchy during the nine months ended September 30, 2013.
	The Company is required to disclose the fair value of financial instruments for which it is practicable to estimate that value. The fair value of short-term financial instruments such as cash and cash equivalents, restricted cash, prepaid expenses and other assets, due from affiliates, notes payable, accounts payable and distributions payable approximates their carrying value on the consolidated balance sheet due to their short-term nature. The fair values of the Company's financial instruments that are not reported at fair value on the consolidated balance sheet are reported below.
				Carrying				Fair Value at				Carrying				Fair Value at
				Amount at								Amount at
	(In thousands)	Level		September 30, 2013				September 30, 2013				December 31, 2012				December 31, 2012
	Mortgage notes payable	3		$	172,831			$	173,577			$	185,569			$	185,621
	Credit facility	3		$	80,000			$	80,000			$	19,995			$	19,995
	The fair value of mortgage notes payable and the fixed-rate portions of term loans on the credit facility are estimated using a discounted cash flow analysis, based on the Advisor's experience with similar types of borrowing arrangements. Advances under the credit facility with interest rates which vary are considered to be reported at fair value.

Derivatives_and_Hedging_Activi

Derivatives and Hedging Activities	9 Months Ended
	Sep. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Derivatives and Hedging Activities	'
	Derivatives and Hedging Activities
	Risk Management Objective of Using Derivatives
	The Company may use derivative financial instruments, including interest rate swaps, caps, collars, options, floors and other interest rate derivative contracts, to hedge all or a portion of the interest rate risk associated with its borrowings. The principal objective of such arrangements is to minimize the risks and costs associated with the Company's operating and financial structure as well as to hedge specific anticipated transactions. The Company does not intend to utilize derivatives for speculative or other purposes other than interest rate risk management. The use of derivative financial instruments carries certain risks, including the risk that the counterparties to these contractual arrangements will not be able to perform under the agreements. To mitigate this risk, the Company only enters into derivative financial instruments with counterparties with high credit ratings and with major financial institutions with which the Company and its affiliates may also have other financial relationships. The Company does not anticipate that any of the counterparties will fail to meet their obligations.
	Cash Flow Hedges of Interest Rate Risk
	The Company's objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company may primarily use interest rate swaps and collars as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. Interest rate collars designated as cash flow hedges involve the receipt of variable-rate amounts if interest rates rise above the cap strike rate on the contract and payments of variable-rate amounts if interest rates fall below the floor strike rate on the contract.
	The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive income and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The Company uses such derivatives to hedge the variable cash flows associated with variable-rate debt.
	Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company's variable-rate debt. During the next 12 months, the Company estimates that an additional $2.0 million will be reclassified from other comprehensive income as an increase to interest expense.
	As of September 30, 2013 and December 31, 2012, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk.
		September 30, 2013						December 31, 2012
	Interest Rate Derivative	Number of		Notional Amount				Number of		Notional Amount
		Instruments						Instruments
				(In thousands)						(In thousands)
	Interest rate swaps	6		$	179,988			5		$	99,988
	The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the consolidated balance sheets as of September 30, 2013 and December 31, 2012:
	(In thousands)	Balance Sheet Location		September 30, 2013				December 31, 2012
	Derivatives designated as hedging instruments:
	Interest rate swaps	Derivative assets, at fair value		$	301			$	—
	Interest rate swaps	Derivative liabilities, at fair value		$	(1,557	)		$	(1,710	)
	Derivatives in Cash Flow Hedging Relationships
	The table below details the location in the financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the three and nine months ended September 30, 2013 and 2012.
		Three Months Ended September 30,								Nine Months Ended September 30,
	(In thousands)	2013				2012				2013			2012
	Amount of loss recognized in accumulated other comprehensive loss from interest rate derivatives (effective portion)	$	(2,048	)		$	(654	)		$	(349	)	$	(1,004	)
	Amount of loss reclassified from accumulated other comprehensive loss into income as interest expense (effective portion)	$	(365	)		$	(68	)		$	(799	)	$	(143	)
	Amount of income (loss) recognized in gain (loss) on derivative instruments (ineffective portion and amount excluded from effectiveness testing)	$	—			$	—			$	4		$	(1	)
	Offsetting Derivatives
	The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of September 30, 2013 and December 31, 2012. The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the accompanying balance sheets.
													Gross Amounts Not Offset on the Balance Sheet
	Derivatives (In thousands)	Gross Amounts of Recognized Assets				Gross Amounts of Recognized Liabilities				Net Amounts of Assets (Liabilities) presented on the Balance Sheet			Financial Instruments			Cash Collateral Posted		Net Amount
	30-Sep-13	$	301			$	(1,557	)		$	(1,256	)	$	—		$	—	$	(1,256	)
	31-Dec-12	$	—			$	(1,710	)		$	(1,710	)	$	—		$	—	$	(1,710	)
	Derivatives Not Designated as Hedges
	Derivatives not designated as hedges are not speculative. These derivatives are used to manage the Company's exposure to interest rate movements and other identified risks but do not meet the strict hedge accounting requirements to be classified as hedging instruments. The Company does not have any hedging instruments that do not qualify for hedge accounting.
	Credit-risk-related Contingent Features
	The Company has agreements with its derivative counterparties that contain a provision whereby if the Company either defaults or is capable of being declared in default on any of its indebtedness, then the Company could also be declared in default on its derivative obligations.
	As of September 30, 2013, the fair value of derivatives in a net liability position including accrued interest but excluding any adjustment for nonperformance risk related to these agreements was $1.7 million. As of September 30, 2013, the Company has not posted any collateral related to its agreements and was not in breach of any agreement provisions. If the Company had breached any of these provisions, it could have been required to settle its obligations under the agreements at the aggregate termination value of $1.7 million at September 30, 2013.

Common_Stock

Common Stock	9 Months Ended
	Sep. 30, 2013
Stockholders' Equity Note [Abstract]	'
Common Stock	'
	Common Stock
	As of September 30, 2013 and December 31, 2012, the Company had 107.8 million and 19.9 million shares of common stock outstanding, respectively, including unvested restricted stock, converted Preferred Shares and shares issued under the DRIP.
	In September 2010, the Company's board of directors authorized, and the Company declared, a distribution rate equal to $0.605 per annum per share of common stock, commencing December 1, 2010.  The distributions are paid by the fifth day following each month end to stockholders of record at the close of business each day during the prior month at a per share rate of 0.0016575342 per day. The board of directors may reduce the amount of distributions paid or suspend distribution payments at any time and therefore distribution payments are not assured.
	The following table reflects the cumulative number of common shares repurchased as of December 31, 2012 and as of and for the nine months ended September 30, 2013:
		Number of Requests	Number of Shares Repurchased	Average Price per Share
	Cumulative repurchase requests as of December 31, 2012	11	84,199	$	9.56
	Nine months ended September 30, 2013	18	144,005	9.65
	Cumulative repurchase requests as of September 30, 2013 (1)	29	228,204	$	9.62
	__________________________
	-1	Includes six unfulfilled repurchase requests consisting of 36,719 shares at an average price per share of $9.79, which were approved for repurchase as of September 30, 2013 and completed in October 2013. This liability is included in accounts payable and accrued expenses on the Company's consolidated balance sheets.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies
	Future Minimum Lease Payments
	In December 2012, the Company entered into a lease agreement related to the acquisition of 350 Bleecker Street similar to a leasehold interest arrangement. The following table reflects the minimum base rental cash payments due from the Company over the next five years and thereafter under this arrangement. These amounts exclude contingent rent payments, as applicable, that may be payable based on provisions related to increases in annual rent based on exceeding certain economic indexes among other items.
	(In thousands)	Future minimum base rent payments
	October 1, 2013 — December 31, 2013	$	22
	2014	86
	2015	86
	2016	86
	2017	86
	Thereafter	3,662
		$	4,028
	Litigation
	In the ordinary course of business, the Company may become subject to litigation or claims. As of September 30, 2013, there are no material legal proceedings pending or known to be contemplated against the Company.
	Environmental Matters
	In connection with the ownership and operation of real estate, the Company may potentially be liable for costs and damages related to environmental matters. The Company has not been notified by any governmental authority of any non-compliance, liability or other claim, and is not aware of any other environmental condition that it believes will have a material adverse effect on the consolidated results of operations.
	Hurricane Sandy
	None of the properties owned by the Company suffered any structural damage as a result of Hurricane Sandy. The properties owned by the Company remained fully operational except for the four retail condominiums located at 416 Washington Street in the Tribeca neighborhood of Manhattan. The property remained without full electrical power capacity and its tenants were not permitted to operate until electrical power was fully restored and authorization to recommence operations was received by the applicable New York municipal authorities. Effective April 18, 2013, pursuant to such authorities, the tenants were allowed to reoccupy their units and recommence operations, with the exception of the garage which required additional repairs that were completed in September 2013. The Company recorded an insurance deductible expense of $0.1 million during the year ended December 31, 2012 and $0.4 million of bad debt expense during the nine months ended September 30, 2013 related to the lease termination of the garage tenant. Hurricane damage also resulted in the termination of another lease at this property, however, the Company expects, but cannot guarantee, insurance proceeds to cover lost rents related to this lease through April 17, 2014.

Related_Party_Transactions_and

Related Party Transactions and Arrangements	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions and Arrangements	'
	Related Party Transactions and Arrangements
	New York Recovery Special Limited Partnership, LLC, an entity wholly owned by the Sponsor, owned 20,000 shares of the Company's outstanding common stock as of September 30, 2013 and December 31, 2012.
	Fees Paid in Connection with the IPO
	The Dealer Manager and the Sponsor receive fees and compensation in connection with the sale of the Company's common stock in the IPO. The Dealer Manager receives a selling commission of up to 7.0% of gross offering proceeds before reallowance of commissions earned by participating broker-dealers. Alternatively, a participating broker-dealer may elect to receive a fee equal to 7.5% of gross proceeds from the sale of shares by such participating broker-dealer, with 2.5% thereof paid at the time of such sale and 1.0% thereof paid on each anniversary of the closing of such sale up to and including the fifth anniversary of the closing of such sale. In addition, the Dealer Manager receives up to 3.0% of the gross proceeds from the sale of common stock, before reallowance to participating broker-dealers, as a dealer manager fee. The Dealer Manager may re-allow its dealer manager fee to such participating broker-dealers, based on such factors as the volume of shares sold by respective participating broker-dealers and marketing support provided as compared to other participating broker-dealers. The following table details total selling commissions and dealer manager fees incurred and payable to the Dealer Manager related to the sale of common stock as of and for the periods presented:
			Three Months Ended				Nine Months Ended					Payable as of
			September 30,				September 30,					September 30,		December 31,
	(In thousands)		2013		2012		2013		2012			2013		2012
	Total commissions and fees incurred from Dealer Manager		$	41,035	$	2,908	$	78,403	$	7,858		$	778	$	93
	The Advisor and its affiliates receive compensation and reimbursement for services provided in connection with the IPO and Preferred Offering. Effective March 1, 2013, the Company began utilizing transfer agent services provided by an affiliate of the Dealer Manager. All offering costs incurred by the Company, or its affiliated entities, on behalf of the Company are charged to additional paid-in capital on the accompanying consolidated balance sheets. The following table details offering costs reimbursements incurred and payable to the Advisor and Dealer Manager related to the sale of common stock as of and for the periods presented:
			Three Months Ended				Nine Months Ended					Payable as of
			September 30, 2013				September 30, 2013					September 30,		December 31,
	(In thousands)		2013		2012		2013		2012			2013		2012
	Fees and expense reimbursements incurred from the Advisor and Dealer Manager (1)		$	2,229	$	669	$	3,636	$	(2,510	)	$	217	$	83
	__________________
	(1) The Advisor elected to reimburse offering costs in excess of 15% of proceeds from the sale of common stock. This cash reimbursement was recorded during the three months ended March 31, 2012 and paid in April 2012.
	The Company is responsible for offering and related costs from its IPO up to a maximum of 1.5% of gross proceeds received from the IPO, excluding commissions and dealer manager fees, measured at the end of the IPO. Offering costs in excess of the 1.5% cap as of the end of the offering are the Advisor's responsibility. As of September 30, 2013, offering and related costs did not exceed 1.5% of gross proceeds received from the IPO. Commencing in the first quarter of 2012, the Advisor elected to cap cumulative offering costs incurred by the Company, net of unpaid amounts, to 15% of common stock proceeds during the offering period. To comply with this policy, the Advisor reimbursed the Company $4.7 million in cash during the year ended December 31, 2012, for offering related costs. As of September 30, 2013, cumulative offering costs were $109.6 million. Cumulative offering costs net of unpaid amounts, were less than the 15% threshold as of September 30, 2013.
	Fees Paid in Connection With the Operations of the Company
	The Advisor receives an acquisition fee of 1.0% of the contract purchase price of each acquired property and 1.0% of the amount advanced for a loan or other investment. Additionally, the Company reimburses the Advisor for expenses incurred for services provided by third parties and incurs acquisition expenses directly from third parties. The Company expects third-party acquisition expenses to be approximately 0.5% of the purchase price of each property and 0.5% of the amount advanced for a loan or other investment. In no event will the total of all acquisition fees, acquisition expenses and any financing coordination fees (as described below) payable with respect to the Company's portfolio of investments or reinvestments exceed 4.5% of the contract purchase price of the Company's portfolio to be measured at the close of the acquisition phase or 4.5% of the amount advanced for all loans or other investments.
	The Company pays the Advisor an asset management fee equal to 0.75% per annum of the cost of the Company's assets (cost includes the purchase price, acquisition expenses, capital expenditures and other customarily capitalized costs, but excludes acquisition fees) plus costs and expenses incurred by the Advisor in providing asset management services; provided, however, that the asset management fee is reduced by any amounts payable to the Property Manager as an oversight fee, such that the aggregate of the asset management fee and the oversight fee does not exceed 0.75% per annum of the cost of the Company's assets plus costs and expenses incurred by the Advisor in providing asset management services. Prior to July 1, 2012, this fee was payable in monthly installments, at the discretion of the Company's board, in cash, common stock or restricted stock grants, or any combination thereof.  Effective July 1, 2012, the payment of asset management fees in monthly installments in cash, shares or restricted stock grants, or any combination thereof to the Advisor was eliminated. Instead the Company expects to issue (subject to periodic approval by the board of directors) to the Advisor performance-based restricted partnership units of the OP designated as "Class B units," which are intended to be profits interests and will vest, and no longer be subject to forfeiture, at such time as: (x) the value of the OP's assets plus all distributions made equals or exceeds the total amount of capital contributed by investors plus a 6.0% cumulative, pre-tax, non-compounded annual return thereon (the "economic hurdle"); (y) any one of the following occurs: (1) the termination of the advisory agreement by an affirmative vote of a majority of the Company's independent directors without cause; (2) a listing; or (3) another liquidity event; and (z) the Advisor is still providing advisory services to the Company (the "performance condition"). Such Class B units will be forfeited immediately if: (a) the advisory agreement is terminated other than by an affirmative vote of a majority of the Company's independent directors without cause; or (b) the advisory agreement is terminated by an affirmative vote of a majority of the Company's independent directors without cause before the economic hurdle has been met. When and if approved by the board of directors, the Class B units are expected to be issued to the Advisor quarterly in arrears pursuant to the terms of the limited partnership agreement of the OP. As of September 30, 2013, the Company cannot determine the probability of achieving the performance condition. The value of issued Class B units will be determined and expensed, when the Company deems the achievement of the performance condition to be probable. The Advisor will receive distributions on unvested Class B units equal to the distribution rate received on the Company's common stock. Such distributions on issued Class B units are included in general and administrative expenses in the consolidated statement of operations and comprehensive income until the performance condition is considered probable to occur. During the three and nine months ended September 30, 2013 the board of directors approved the issuance of 91,296 and 255,515 Class B units, respectively, to the Advisor in connection with this arrangement.
	Unless the Company contracts with a third party, the Company will pay the Property Manager a property management fee equal to: (i) for non-hotel properties, 4.0% of gross revenues from the properties managed, plus market-based leasing commissions; and (ii) for hotel properties, a market-based fee based on a percentage of gross revenues.  The Company will also reimburse the Property Manager for property-level expenses.  The Property Manager may subcontract the performance of its property management and leasing services duties to third parties and pay all or a portion of its property management fee to the third parties with whom it contracts for these services. If the Company contracts directly with third parties for such services, the Company will pay them customary market fees and will pay the Property Manager an oversight fee equal to 1.0% of the gross revenues of the property managed.
	If the Advisor provides services in connection with the origination or refinancing of any debt that the Company obtains and uses to acquire assets, or that is assumed, directly or indirectly, in connection with the acquisition of assets, the Company will pay the Advisor a financing coordination fee equal to 0.75% of the amount available or outstanding under such financing or such assumed debt.
	Effective March 1, 2013, the Company entered into an agreement with the Dealer Manager to provide strategic advisory services and investment banking services required in the ordinary course of the Company's business, such as performing financial analysis, evaluating publicly traded comparable companies and assisting in developing a portfolio composition strategy, a capitalization structure to optimize future liquidity options and structuring operations. Strategic advisory fees are amortized over six months, the estimated remaining term of the IPO as of the date of the agreement, and are included in general and administrative expenses in the consolidated statement of operations and comprehensive income (loss).
	The following table details amounts incurred, forgiven and contractually due in connection with the operations related services described above as of and for the periods presented:
			Three Months Ended September 30,									Nine Months Ended September 30,								Payable as of
			2013				2012					2013				2012				September 30,		December 31,
	(In thousands)		Incurred		Forgiven		Incurred		Forgiven			Incurred		Forgiven		Incurred		Forgiven		2013		2012
	One-time fees and reimbursements:
	Acquisition fees and related cost reimbursements (1)		$	3,111	$	—	$	483	$	—		$	2,286	$	—	$	1,380	$	—	$	—	$	2,018
	Financing coordination fees		1,650		—		267		—			2,100		—		572		—		—		539
	Ongoing fees:
	Asset management fees (2)		—		—		—		—			—		—		—		540		—		—
	Property management and leasing fees		—		211		—		135			—		582		—		341		—		—
	Strategic advisory fees		315		—		—		—			920		—		—		—		—		—
	Distributions on Class B units		39		—		—		—			79		—		—		—		—		—
	Total related party operational fees and reimbursements		$	5,115	$	211	$	750	$	135		$	5,385	$	582	$	1,952	$	881	$	—	$	2,557
	___________________________________________
	-1	In June 2013, the Advisor elected to reimburse the Company $2.5 million for acquisition and legal expenses incurred.
	-2	Asset management fees through June 30, 2012, were waived.  Effective July 1, 2012, the Company began issuing to the Advisor restricted performance-based Class B units for asset management services, which will be forfeited immediately if certain conditions occur.
	The Company will reimburse the Advisor's costs and expenses of providing services, subject to the limitation that it will not reimburse the Advisor for any amount by which the Company's total operating expenses (as defined in the Company's charter and advisory agreement) for the four preceding fiscal quarters exceeds the greater of (a) 2.0% of average invested assets and (b) 25.0% of net income other than any additions to reserves for depreciation, bad debt or other similar non cash reserves and excluding any gain from the sale of assets for that period.  Additionally, the Company will not reimburse the Advisor for personnel costs in connection with services for which the Advisor receives a separate fee.  No reimbursement was incurred from the Advisor for providing administrative services for the three and nine months ended September 30, 2013 or 2012.
	In order to improve operating cash flows and the ability to pay distributions from operating cash flows, the Advisor agreed to waive certain fees including asset management and property management fees. Because the Advisor waived certain fees, cash flow from operations that would have been paid to the Advisor was available to pay distributions to stockholders.  The fees that were forgiven are not deferrals and accordingly, will not be paid to the Advisor in cash. Additionally, to improve the Company's working capital, the Advisor may elect to absorb a portion of the Company's expenses. The following table details property operating and general and administrative expenses absorbed by the Advisor during the three and nine months ended September 30, 2013 and 2012. These costs are presented net in the accompanying consolidated statements of operations and comprehensive loss.
			Three Months Ended September 30,				Nine Months Ended September 30,
	(In thousands)		2013		2012		2013		2012
	Property operating expenses absorbed		$	—	$	—	$	—	$	170
	General and administrative expenses absorbed		500		156		1,450		470
	Total expenses absorbed		$	500	$	156	$	1,450	$	640
	The Company had a receivable from affiliates of $0.5 million and $0.3 million at September 30, 2013 and December 31, 2012, respectively, related to absorbed property operating and general and administrative expenses.
	As the Company's real estate portfolio matures, the Company expects cash flows from operations (reported in accordance with GAAP) to cover a more significant portion of distributions and over time to cover the entire distribution. As the cash flows from operations become more significant, the Advisor and Property Manager may discontinue their past practice of absorbing costs and forgiving fees and may charge the full fee owed to them in accordance with the Company's agreements with them.
	Fees Paid in Connection with the Liquidation or Listing of the Company's Real Estate Assets
	For substantial assistance in connection with the sale of properties, the Company will pay the Advisor a property disposition fee, not to exceed the lesser of 2.0% of the contract sale price of the property and 50% of the competitive real estate commission paid if a third party broker is also involved; provided, however that in no event may the property disposition fee paid to the Advisor when added to real estate commissions paid to unaffiliated third parties exceed the lesser of 6.0% of the contract sales price and a competitive real estate commission. For purposes of the foregoing, "competitive real estate commission" means a real estate brokerage commission for the purchase or sale of a property which is reasonable, customary and competitive in light of the size, type and location of the property. No such fees were incurred or paid for the three and nine months ended September 30, 2013 or 2012.
	An affiliate of the Advisor will receive from time to time, when available, a subordinated participation in the net sales proceeds from the sale of assets of 15.0% of the remaining net sale proceeds after return of capital contributions to investors plus payment to investors of an annual 6.0% cumulative, pre-tax non-compounded return on the capital contributed by investors.  No such amounts were incurred or paid for the three and nine months ended September 30, 2013 or 2012.
	Upon the listing of the Company's common stock, an affiliate of the Advisor will receive a non-interest-bearing promissory note equal to 15.0% of the amount, if any, by which the sum of the Company's market value plus distributions paid by the Company prior to listing exceeds the sum of the aggregate capital contributed by investors plus an amount equal to an annual 6.0% cumulative, non-compounded return to investors. No such amounts were incurred or paid for the three and nine months ended September 30, 2013 and 2012.
	Upon termination of the advisory agreement, an affiliate of the Advisor shall be entitled to a subordinated termination fee payable in the form of a non-interest-bearing promissory note. In addition, the affiliate of the Advisor may elect to defer its right to receive a subordinated termination amount until either a listing or other liquidity event occurs.

Economic_Dependency

Economic Dependency	9 Months Ended
	Sep. 30, 2013
Economic Dependency [Abstract]	'
Economic Dependency	'
	Economic Dependency
	Under various agreements, the Company has engaged or will engage the Advisor, its affiliates and entities under common ownership with the Advisor to provide certain services that are essential to the Company, including asset management services, supervision of the management and leasing of properties owned by the Company, asset acquisition and disposition decisions, the sale of shares of the Company's common stock available for issue, transfer agency services as well as other administrative responsibilities for the Company including accounting services, transaction management and investor relations.
	As a result of these relationships, the Company is dependent upon the Advisor and its affiliates. In the event that these companies are unable to provide the Company with the respective services, the Company will be required to find alternative providers of these services.

ShareBased_Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Share-Based Compensation	'
	Share-Based Compensation
	Stock Option Plan
	The Company has a stock option plan (the "Plan") which authorizes the grant of nonqualified stock options to the Company's independent directors, officers, advisors, consultants and other personnel, subject to the absolute discretion of the board of directors and the applicable limitations of the Plan. The exercise price for all stock options granted under the Plan will be fixed at $10.00 per share until the termination of the IPO, and thereafter the exercise price for stock options granted to the independent directors will be equal to the fair market value of a share on the last business day preceding the annual meeting of stockholders. Upon a change in control, unvested options will become fully vested and any performance conditions imposed with respect to the options will be deemed to be fully achieved.  A total of 0.5 million shares have been authorized and reserved for issuance under the Plan. As of September 30, 2013 and December 31, 2012, no stock options were issued under the Plan.
	Restricted Share Plan
	The Company has an employee and director incentive restricted share plan (the "RSP") that provides for the automatic grant of 3,000 restricted shares of common stock to each of the independent directors, without any further action by the Company's board of directors or the stockholders, on the date of initial election to the board of directors and on the date of each annual stockholder's meeting. Restricted stock issued to independent directors will vest over a five-year period following the first anniversary of the date of grant in increments of 20% per annum. The RSP provides the Company with the ability to grant awards of restricted shares to the Company's directors, officers and employees (if the Company ever has employees), employees of the Advisor and its affiliates, employees of entities that provide services to the Company, directors of the Advisor or of entities that provide services to the Company, certain consultants to the Company and the Advisor and its affiliates or to entities that provide services to the Company.  The total number of shares of common stock granted under the RSP shall not exceed 5.0% of the Company's outstanding shares on a fully diluted basis at any time, and in any event will not exceed 7.5 million shares (as such number may be adjusted for stock splits, stock dividends, combinations and similar events).
	Restricted share awards entitle the recipient to receive shares of common stock from the Company under terms that provide for vesting over a specified period of time or upon attainment of pre-established performance objectives. Such awards would typically be forfeited with respect to the unvested shares upon the termination of the recipient's employment or other relationship with the Company. Restricted shares may not, in general, be sold or otherwise transferred until restrictions are removed and the shares have vested. Holders of restricted shares may receive cash distributions prior to the time that the restrictions on the restricted shares have lapsed. Any distributions payable in common shares shall be subject to the same restrictions as the underlying restricted shares. The following table displays restricted share award activity during the nine months ended September 30, 2013:
		Number of Restricted Shares			Weighted-Average Issue Price
	Unvested, December 31, 2012	19,800			$	9.55
	Granted	9,000			9
	Vested	(4,800	)		9.63
	Forfeited	—			—
	Unvested, September 30, 2013	24,000			$	9.33
	The fair value of the restricted shares, based on the per share price in the IPO, will be expensed over the vesting period of five years. Compensation expense related to restricted stock was $16,000 and $12,000 for the three months ended September 30, 2013 and 2012, respectively. Compensation expense related to restricted stock was $40,000 and $28,000 for the nine months ended September 30, 2013 and 2012, respectively.
	Other Share-Based Compensation
	The Company may issue common stock in lieu of cash to pay fees earned by the Company's directors at the respective director's election. There are no restrictions on the shares issued. The following table reflects the shares of common stock issued to directors in lieu of cash compensation:
			Nine Months Ended September 30,
			2013				2012
	Shares issued in lieu of cash		18,107				2,222
	Value of shares issued in lieu of cash (in thousands)		$	162			$	20

Net_Loss_Per_Share

Net Loss Per Share	9 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]	'
Net Loss Per Share	'
	Net Loss Per Share
	The following is a summary of the basic and diluted net loss per share computations for the periods presented:
		Three Months Ended September 30,							Nine Months Ended September 30,
	(In thousands, except share and per share data)	2013				2012			2013			2012
	Net loss attributable to stockholders	$	(5,373	)		$	(1,270	)	$	(6,148	)	$	(3,037	)
	Weighted average shares outstanding, basic and diluted	83,841,078				13,508,525			49,902,303			10,509,721
	Net loss per share attributable to stockholders, basic and diluted	$	(0.06	)		$	(0.09	)	$	(0.12	)	$	(0.29	)
	Diluted net income (loss) per share assumes the conversion of all common share equivalents into an equivalent number of common shares, unless the effect is antidilutive.  The Company considers unvested restricted stock, Preferred Shares, units of limited partner interests in the OP ("OP units") and Class B units to be common share equivalents. The following common stock equivalents were excluded from diluted income (loss) per share computations as their effect would have been antidilutive for the three and nine months ended September 30, 2013 and 2012:
		September 30,
		2013			2012
	Unvested restricted stock	24,000			19,800
	OP units	200			200
	Class B units	299,483			—
	Total anti-dilutive common share equivalents	323,683			20,000

Noncontrolling_Interests

Non-controlling Interests	9 Months Ended
	Sep. 30, 2013
Noncontrolling Interest [Abstract]	'
Non-Controlling Interests	'
	Non-Controlling Interests
	The Company is the sole general partner of the OP and holds the majority of OP units. The Advisor, a limited partner, holds 200 OP units, which represents a nominal percentage of the aggregate OP ownership. A holder of OP units has the right to convert OP units for the cash value of a corresponding number of shares of the Company's common stock or, at the Company's option, a corresponding number of shares of the Company's common stock, in accordance with the limited partnership agreement of the OP. The remaining rights of the holders of OP units are limited, however, and do not include the ability to replace the general partner or to approve the sale, purchase or refinancing of the OP's assets.
	The Company is the controlling member of the limited liability company that owns the Bleecker Street properties, acquired in December 2010. In December 2010, an unrelated third party and a related party, American Realty Capital Operating Partnership, L.P. contributed $1.0 million and $12.0 million to acquire the Bleecker Street properties, respectively.  The Company has the sole voting rights under the operating agreement of this limited liability company.
	The non-controlling members' aggregate initial investment balance of $13.0 million has been reduced by the monthly distributions paid to each non-controlling member.  There were approximately $17,000 of distributions to non-controlling members during the three months ended September 30, 2013 and 2012. There were $0.1 million and $0.5 million of distributions to non-controlling members during the nine months ended September 30, 2013 and 2012, respectively.
	The Company fully redeemed the related party's non-controlling interest of $12.0 million in Bleecker Street in June 2012. The Company may elect to redeem the third party's interest in Bleecker Street at any time after December 1, 2013.  Under this election, the redemption price is the member's initial capital contribution and any unpaid distributions or, if the Company is simultaneously selling its interest to a third party, the redemption price is the member's pro-rata share of Bleecker Street based on its cumulative capital contribution. If a sale of Bleecker Street occurs before the Company elects to purchase the third party non-controlling members' interest, all net profits or losses derived from the sale shall be distributed to all members pro-rata, based on their cumulative capital contributions. If a sale of Bleecker Street occurs after December 1, 2013, or the date the Company elects to redeem the non-controlling members' interest, then the Company will receive all net profits or losses derived from the sale.
	The Company is the controlling member of the limited liability company that owns the 163 Washington Avenue Apartments, acquired in September 2012. The Company has the sole voting rights under the operating agreement of this limited liability company. The non-controlling members' aggregate initial investment balance of $0.5 million will be reduced by the distributions paid to each non-controlling member. No distributions were paid during the three and nine months ended September 30, 2013.

Subsequent_Events

Subsequent Events	9 Months Ended
	Sep. 30, 2013
Subsequent Events [Abstract]	'
Subsequent Events	'
	Subsequent Events
	The Company has evaluated subsequent events through the filing of this Form 10-Q, and determined that there have not been any events that have occurred that would require adjustments to disclosures in the consolidated financial statements except for the following transactions:
	Sales of Common Stock
	As of October 31, 2013, the Company had 125.9 million shares of common stock outstanding, including converted Preferred Shares, unvested restricted shares and shares issued under the DRIP. As of October 31, 2013, the aggregate value of all share issuances was $1.3 billion based on a per share value of $10.00 (or $9.50 per share for shares issued under the DRIP).
	Capital received, including shares issued under the DRIP and net of repurchases of common stock, is as follows:
	Source of Capital (In thousands)	Inception to		October 1, 2013 to		Total
		30-Sep-13		31-Oct-13
	Common stock	$	1,043,442	$	179,030	$	1,222,472
	Converted Preferred Shares	16,954		—		16,954
	Contributions from non-controlling interest holders, net of redemptions	1,000		—		1,000
		$	1,061,396	$	179,030	$	1,240,426
	Acquisitions
	On October 2, 2013, the Company made a $30.0 million preferred equity investment in a joint venture that owns an institutional quality, 27-story, office building containing 0.5 million rentable square feet, located at 123 William Street in the Financial District of Downtown Manhattan. The Company's preferred equity investment has a five-year term and includes potential additional capital contributions not to exceed a total preferred equity investment of $40.0 million.
	On November 1, the Company acquired a 48.9% equity interest in the indirect owner of Worldwide Plaza located on Eighth Avenue, between 49th and 50th Streets in Manhattan. The contract purchase price of the 48.9% equity interest was $220.1 million, exclusive of closing costs and was based on an asset valuation of $1.325 billion and existing assumed debt of $875.0 million. Worldwide Plaza contains approximately 2.1 million rentable square feet, including 1.8 million rentable square feet of office space, 30,000 square feet of retail space, a five-stage off-Broadway theater, a 38,000 square foot fitness center and a garage with 475 parking spaces. The retail space, theater, fitness center and parking garage represent the amenities space in Worldwide Plaza, referenced above. Worldwide Plaza is currently 91% leased with two major tenants, Nomura Holding America, Inc. and Cravath, Swaine & Moore, LLP.
	Litigation
	On October 15, 2013, RXR WWP Owner LLC (“RXR”) filed a lawsuit in the Supreme Court of the State of New York, New York County, against American Realty Capital Properties, Inc. and the Company (collectively, the “ARC Parties”) alleging that, under an agreement that RXR entered into with the co-defendant WWP Sponsor LLC dated May 30, 2013 (the “May 30 Agreement”), RXR was entitled to acquire a 48.9% equity interest in the indirect owner of Worldwide Plaza (disclosed above under “Acquisitions”).  RXR claimed that the ARC Parties are liable for breach of a confidentiality agreement, tortious interference with the May 30 Agreement and tortious interference with prospective business relations.  RXR moved for a preliminary injunction barring the defendants from consummating the Worldwide Plaza transaction disclosed above under “Acquisitions.”  On October 30, 2013, the Court denied RXR’s preliminary injunction motion, and the transaction was thereafter consummated.  RXR seeks damages against the ARC Parties of no less than $200.0 million.  The Company believes that such lawsuit is without merit, but the ultimate outcome of such matter cannot be predicted. While losses and legal expenses may be incurred, an estimate of the range of potential losses cannot be made, and no provisions for such losses have been recorded in the accompanying consolidated unaudited financial statements for the quarter ended September 30, 2013.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	In December 2011, the Financial Accounting Standards Board ("FASB") issued guidance regarding disclosures about offsetting assets and liabilities, which requires an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. The guidance is effective for fiscal years and interim periods beginning on or after January 1, 2013 with retrospective application for all comparative periods presented. The adoption of this guidance, which is related to disclosure only, did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In July 2012, the FASB issued revised guidance intended to simplify how an entity tests indefinite-lived intangible assets for impairment. The amendments will allow an entity first to assess qualitative factors to determine whether it is necessary to perform a quantitative impairment test. An entity will no longer be required to calculate the fair value of an indefinite-lived intangible asset and perform the quantitative test unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. The amendments are effective for annual and interim indefinite-lived intangible asset impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. The adoption of this guidance did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In February 2013, the FASB issued guidance which requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. The guidance is effective for annual and interim periods beginning after December 15, 2012 with early adoption permitted. The adoption of this guidance, which is related to disclosure only, did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In February 2013, the FASB issued new accounting guidance clarifying the accounting and disclosure requirements for obligations resulting from joint and several liability arrangements for which the total amount under the arrangement is fixed at the reporting date. The new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2013. The Company does not expect the adoption of this guidance to have a material impact on the Company's consolidated financial position, results of operations or cash flows.

Real_Estate_Investments_Tables

Real Estate Investments (Tables)	9 Months Ended
	Sep. 30, 2013
Real Estate [Abstract]	'
Assets and Liabilities Assumed	'
	The following table presents the allocation of the assets acquired and liabilities assumed during the nine months ended September 30, 2013 and 2012:
		Nine Months Ended September 30,
	(Dollar amounts in thousands)	2013				2012
	Real estate investments, at cost:
	Land	$	116,100			$	23,369
	Buildings, fixtures and improvements	289,771				62,845
	Total tangible assets	405,871				86,214
	Acquired intangibles:
	In-place leases	38,001				5,590
	Above-market lease assets	7,726				261
	Below-market lease liabilities	(29,159		)		(2,758		)
	Total acquired intangibles	16,568				3,093
	Total assets acquired, net	422,439				89,307
	Mortgage notes payable used to acquire investments in real estate	(60,000		)		—
	Non-controlling interest retained by seller	—				(380		)
	Other liabilities assumed	(13,599		)		(682		)
	Cash paid for acquired real estate investments	$	348,840			$	88,245
	Number of properties purchased	3				3
Purchase Price of Acquired Properties	'
	The following table reflects the number and aggregate purchase prices of properties acquired during the nine months ended September 30, 2013 and the years ended December 31, 2012, 2011 and 2010:
		Number of Properties		Base Purchase Price
				(in thousands)
	Year ended December 31, 2010	4		$	66,250
	Year ended December 31, 2011	5		57,926
	Year ended December 31, 2012	7		226,527
	Nine months ended September 30, 2013	3		422,439
	Total portfolio as of September 30, 2013	19		$	773,142
Proforma Revenue and Losses, Disclosure	'
	The following table presents pro forma information as if the acquisitions during the nine months ended September 30, 2013, had been consummated on January 1, 2012. Additionally, the unaudited pro forma net loss attributable to stockholders was adjusted to reclass acquisition and transaction related expenses of $7.0 million from the nine months ended September 30, 2013 to the nine months ended September 30, 2012.
		Nine Months Ended September 30,
	(In thousands)	2013				2012
	Pro forma revenues	$	53,791			$	39,543
	Pro forma net income (loss) attributable to stockholders	$	862			$	(9,894	)
Schedule of Future Minimum Rental Payments for Operating Leases	'
	The following table presents future minimum base rent cash payments due to the Company subsequent to September 30, 2013.  These amounts exclude contingent rental payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes among other items.
	(In thousands)	Future Minimum
		Base Rent Payments
	October 1, 2013 — December 31, 2013	$	11,781
	2014	50,803
	2015	49,590
	2016	50,092
	2017	49,382
	Thereafter	398,386
		$	610,034
Schedule of Annualized Rental Income by Major Tenants	'
	The following table lists the tenants (including for this purpose, all affiliates of such tenants) whose annualized rental income on a straight-line basis represented greater than 10% of total annualized rental income for all portfolio properties on a straight-line basis as of September 30, 2013 and 2012:
				September 30,
	Property Portfolio	Tenant		2013		2012
	333 West 34th Street	The Segal Company (Eastern States) Inc		14.90%		*
	50 Varick Street	Spring Studios New York LLC		10.80%		*
	_____________________
	* Tenant's annualized rental income on a straight-line basis was not greater than 10% of total annualized rental income for all portfolio properties as of the period specified.

Investment_Securities_Tables

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2013
Investment Securities [Abstract]	'
Schedule of Available-for-sale Securities Reconciliation	'
	The following table details the unrealized losses on investment securities as of September 30, 2013. The Company did not have any such investments as of December 31, 2012.
		September 30, 2013
	(In thousands)	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	Investment securities	$	1,288	$	—	$	(181	)	$	1,107

Mortgage_Notes_Payable_Tables

Mortgage Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]	'
Schedule of Mortgage Notes Payable	'
	The Company's mortgage notes payable as of September 30, 2013 and December 31, 2012 consist of the following:
					Outstanding Loan Amount
	Portfolio		Encumbered		September 30,		December 31, 2012		Effective			Interest Rate	Maturity
			Properties		2013				Interest Rate
					(In thousands)		(In thousands)
	Interior Design Building		1		$	20,675	$	20,949	4.4	%		Fixed	Dec. 2021
	367 - 387 Bleecker Street		3		21,300		21,300		4.3	%		Fixed	Dec. 2015
	Foot Locker		1		3,250		3,250		4.6	%		Fixed	Jun. 2016
	Regal Parking Garage		1		3,000		3,000		4.5	%		Fixed	Jul. 2016
	Duane Reade		1		8,400		8,400		3.6	%		Fixed	Nov. 2016
	416 Washington Street		1		4,853		4,917		4.4	%		Fixed	Dec. 2021
	One Jackson Square		1		13,000		13,000		3.4	%	(1)	Fixed	Dec. 2016
	350 West 42nd Street		1		11,365		11,365		3.4	%		Fixed	Aug. 2017
	1100 Kings Highway		1		20,200		20,200		3.4	%	(1)	Fixed	Aug. 2017
	1623 Kings Highway		1		7,288		7,288		3.3	%	(1)	Fixed	Nov. 2017
	256 West 38th Street		1		24,500		24,500		3.1	%	(1)	Fixed	Dec. 2017
	256 West 38th Street		—		—		2,400		5.3	%	(2)	Variable	Dec. 2013
	229 West 36th Street		1		35,000		35,000		2.9	%	(1)	Fixed	Dec. 2017
	229 West 36th Street		—		—		10,000		5.3	%	(2)	Variable	Dec. 2013
			14		$	172,831	$	185,569	3.6	%	(3)
	______________________
	-1	Fixed through an interest rate swap agreement.
	-2	These variable rate mezzanine loans were repaid in full in January 2013.
	-3	Calculated on a weighted average basis for all mortgages outstanding as of September 30, 2013.
Schedule Of Aggregate Principal Payments On Mortgages	'
	The following table summarizes the scheduled aggregate principal payments subsequent to September 30, 2013:
	(In thousands)		Future Minimum Principal Payments
	October 1, 2013 — December 31, 2013		$	115
	2014		473
	2015		21,794
	2016		28,167
	2017		102,730
	Thereafter		19,552
	Total		$	172,831
	Some of the Company's mortgage notes payable agreements require compliance with certain property-level financial covenants including debt service coverage ratios. As of September 30, 2013 and December 31, 2012, the Company was in compliance with the financial covenants under its mortgage note agreements.

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
Schedule of Fair Value, Liabilities Measured on Recurring Basis	'
	The following table presents information about the Company's assets and liabilities (including derivatives that are presented net) measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012, aggregated by the level in the fair value hierarchy within which those instruments fall:
	(In thousands)	Quoted Prices in Active Markets				Significant Other Observable Inputs				Significant Unobservable Inputs				Total
		Level 1				Level 2				Level 3
	September 30, 2013
	Interest rate swaps, net	$	—			$	(1,256	)		$	—			$	(1,256	)
	Investment securities	$	1,107			$	—			$	—			$	1,107
	December 31, 2012
	Interest rate swaps	$	—			$	(1,710	)		$	—			$	(1,710	)
	Investment securities	$	—			$	—			$	—			$	—
Fair Value, by Balance Sheet Grouping	'
	The fair values of the Company's financial instruments that are not reported at fair value on the consolidated balance sheet are reported below.
				Carrying				Fair Value at				Carrying				Fair Value at
				Amount at								Amount at
	(In thousands)	Level		September 30, 2013				September 30, 2013				December 31, 2012				December 31, 2012
	Mortgage notes payable	3		$	172,831			$	173,577			$	185,569			$	185,621
	Credit facility	3		$	80,000			$	80,000			$	19,995			$	19,995

Derivatives_and_Hedging_Activi1

Derivatives and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Schedule of Interest Rate Derivatives	'
	As of September 30, 2013 and December 31, 2012, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk.
		September 30, 2013						December 31, 2012
	Interest Rate Derivative	Number of		Notional Amount				Number of		Notional Amount
		Instruments						Instruments
				(In thousands)						(In thousands)
	Interest rate swaps	6		$	179,988			5		$	99,988
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	'
	The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the consolidated balance sheets as of September 30, 2013 and December 31, 2012:
	(In thousands)	Balance Sheet Location		September 30, 2013				December 31, 2012
	Derivatives designated as hedging instruments:
	Interest rate swaps	Derivative assets, at fair value		$	301			$	—
	Interest rate swaps	Derivative liabilities, at fair value		$	(1,557	)		$	(1,710	)
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	'
	The table below details the location in the financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the three and nine months ended September 30, 2013 and 2012.
		Three Months Ended September 30,								Nine Months Ended September 30,
	(In thousands)	2013				2012				2013			2012
	Amount of loss recognized in accumulated other comprehensive loss from interest rate derivatives (effective portion)	$	(2,048	)		$	(654	)		$	(349	)	$	(1,004	)
	Amount of loss reclassified from accumulated other comprehensive loss into income as interest expense (effective portion)	$	(365	)		$	(68	)		$	(799	)	$	(143	)
	Amount of income (loss) recognized in gain (loss) on derivative instruments (ineffective portion and amount excluded from effectiveness testing)	$	—			$	—			$	4		$	(1	)
Offsetting Liabilities	'
	The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of September 30, 2013 and December 31, 2012. The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the accompanying balance sheets.
													Gross Amounts Not Offset on the Balance Sheet
	Derivatives (In thousands)	Gross Amounts of Recognized Assets				Gross Amounts of Recognized Liabilities				Net Amounts of Assets (Liabilities) presented on the Balance Sheet			Financial Instruments			Cash Collateral Posted		Net Amount
	30-Sep-13	$	301			$	(1,557	)		$	(1,256	)	$	—		$	—	$	(1,256	)
	31-Dec-12	$	—			$	(1,710	)		$	(1,710	)	$	—		$	—	$	(1,710	)

Common_Stock_Tables

Common Stock (Tables)	9 Months Ended
	Sep. 30, 2013
Common Stock [Abstract]	'
Schedule of Share Repurchases	'
	The following table reflects the cumulative number of common shares repurchased as of December 31, 2012 and as of and for the nine months ended September 30, 2013:
		Number of Requests	Number of Shares Repurchased	Average Price per Share
	Cumulative repurchase requests as of December 31, 2012	11	84,199	$	9.56
	Nine months ended September 30, 2013	18	144,005	9.65
	Cumulative repurchase requests as of September 30, 2013 (1)	29	228,204	$	9.62
	__________________________
	-1	Includes six unfulfilled repurchase requests consisting of 36,719 shares at an average price per share of $9.79, which were approved for repurchase as of September 30, 2013 and completed in October 2013. This liability is included in accounts payable and accrued expenses on the Company's consolidated balance sheets.

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2013
Commitments and Contingencies [Abstract]	'
Schedule of Future Minimum Rental Payments for Operating Leases	'
	The following table reflects the minimum base rental cash payments due from the Company over the next five years and thereafter under this arrangement. These amounts exclude contingent rent payments, as applicable, that may be payable based on provisions related to increases in annual rent based on exceeding certain economic indexes among other items.
	(In thousands)	Future minimum base rent payments
	October 1, 2013 — December 31, 2013	$	22
	2014	86
	2015	86
	2016	86
	2017	86
	Thereafter	3,662
		$	4,028

Related_Party_Transactions_and1

Related Party Transactions and Arrangements (Tables)	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
Schedule of Selling Commissions and Dealer Manager Fees Payable to Affiliate	'
	The following table details total selling commissions and dealer manager fees incurred and payable to the Dealer Manager related to the sale of common stock as of and for the periods presented:
			Three Months Ended				Nine Months Ended					Payable as of
			September 30,				September 30,					September 30,		December 31,
	(In thousands)		2013		2012		2013		2012			2013		2012
	Total commissions and fees incurred from Dealer Manager		$	41,035	$	2,908	$	78,403	$	7,858		$	778	$	93
Schedule Of Offering Costs Reimbursements to Related Party	'
	The following table details offering costs reimbursements incurred and payable to the Advisor and Dealer Manager related to the sale of common stock as of and for the periods presented:
			Three Months Ended				Nine Months Ended					Payable as of
			September 30, 2013				September 30, 2013					September 30,		December 31,
	(In thousands)		2013		2012		2013		2012			2013		2012
	Fees and expense reimbursements incurred from the Advisor and Dealer Manager (1)		$	2,229	$	669	$	3,636	$	(2,510	)	$	217	$	83
	__________________
	(1) The Advisor elected to reimburse offering costs in excess of 15% of proceeds from the sale of common stock. This cash reimbursement was recorded during the three months ended March 31, 2012 and paid in April 2012.
Schedule of Amount Contractually Due and Forgiven in Connection With Operation Related Services	'
	The following table details amounts incurred, forgiven and contractually due in connection with the operations related services described above as of and for the periods presented:
			Three Months Ended September 30,									Nine Months Ended September 30,								Payable as of
			2013				2012					2013				2012				September 30,		December 31,
	(In thousands)		Incurred		Forgiven		Incurred		Forgiven			Incurred		Forgiven		Incurred		Forgiven		2013		2012
	One-time fees and reimbursements:
	Acquisition fees and related cost reimbursements (1)		$	3,111	$	—	$	483	$	—		$	2,286	$	—	$	1,380	$	—	$	—	$	2,018
	Financing coordination fees		1,650		—		267		—			2,100		—		572		—		—		539
	Ongoing fees:
	Asset management fees (2)		—		—		—		—			—		—		—		540		—		—
	Property management and leasing fees		—		211		—		135			—		582		—		341		—		—
	Strategic advisory fees		315		—		—		—			920		—		—		—		—		—
	Distributions on Class B units		39		—		—		—			79		—		—		—		—		—
	Total related party operational fees and reimbursements		$	5,115	$	211	$	750	$	135		$	5,385	$	582	$	1,952	$	881	$	—	$	2,557
	___________________________________________
	-1	In June 2013, the Advisor elected to reimburse the Company $2.5 million for acquisition and legal expenses incurred.
	-2	Asset management fees through June 30, 2012, were waived.  Effective July 1, 2012, the Company began issuing to the Advisor restricted performance-based Class B units for asset management services, which will be forfeited immediately if certain conditions occur.
Schedule of General and Administrative Expenses Absorbed by The Advisor	'
	The following table details property operating and general and administrative expenses absorbed by the Advisor during the three and nine months ended September 30, 2013 and 2012. These costs are presented net in the accompanying consolidated statements of operations and comprehensive loss.
			Three Months Ended September 30,				Nine Months Ended September 30,
	(In thousands)		2013		2012		2013		2012
	Property operating expenses absorbed		$	—	$	—	$	—	$	170
	General and administrative expenses absorbed		500		156		1,450		470
	Total expenses absorbed		$	500	$	156	$	1,450	$	640

ShareBased_Compensation_Tables

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2013
Share-based Compensation [Abstract]	'
Schedule of Share-based Compensation, Stock Options, Activity	'
	The following table displays restricted share award activity during the nine months ended September 30, 2013:
		Number of Restricted Shares			Weighted-Average Issue Price
	Unvested, December 31, 2012	19,800			$	9.55
	Granted	9,000			9
	Vested	(4,800	)		9.63
	Forfeited	—			—
	Unvested, September 30, 2013	24,000			$	9.33
Schedule of Share-based Compensation, Activity for Services	'
	The following table reflects the shares of common stock issued to directors in lieu of cash compensation:
			Nine Months Ended September 30,
			2013				2012
	Shares issued in lieu of cash		18,107				2,222
	Value of shares issued in lieu of cash (in thousands)		$	162			$	20

Net_Loss_Per_Share_Tables

Net Loss Per Share (Tables)	9 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted	'
	The following is a summary of the basic and diluted net loss per share computations for the periods presented:
		Three Months Ended September 30,							Nine Months Ended September 30,
	(In thousands, except share and per share data)	2013				2012			2013			2012
	Net loss attributable to stockholders	$	(5,373	)		$	(1,270	)	$	(6,148	)	$	(3,037	)
	Weighted average shares outstanding, basic and diluted	83,841,078				13,508,525			49,902,303			10,509,721
	Net loss per share attributable to stockholders, basic and diluted	$	(0.06	)		$	(0.09	)	$	(0.12	)	$	(0.29	)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	'
	The following common stock equivalents were excluded from diluted income (loss) per share computations as their effect would have been antidilutive for the three and nine months ended September 30, 2013 and 2012:
		September 30,
		2013			2012
	Unvested restricted stock	24,000			19,800
	OP units	200			200
	Class B units	299,483			—
	Total anti-dilutive common share equivalents	323,683			20,000

Subsequent_Events_Tables

Subsequent Events (Tables)	9 Months Ended
	Sep. 30, 2013
Subsequent Events [Abstract]	'
Schedule of Subsequent Events	'
	Capital received, including shares issued under the DRIP and net of repurchases of common stock, is as follows:
	Source of Capital (In thousands)	Inception to		October 1, 2013 to		Total
		30-Sep-13		31-Oct-13
	Common stock	$	1,043,442	$	179,030	$	1,222,472
	Converted Preferred Shares	16,954		—		16,954
	Contributions from non-controlling interest holders, net of redemptions	1,000		—		1,000
		$	1,061,396	$	179,030	$	1,240,426

Organization_Details

Organization (Details) (USD $)

9 Months Ended

11 Months Ended

0 Months Ended

48 Months Ended

11 Months Ended

Sep. 30, 2013

Sep. 02, 2010

Dec. 31, 2012

Dec. 15, 2011

Sep. 30, 2013

Aug. 02, 2013

Dec. 31, 2012

Sep. 02, 2010

Sep. 30, 2013

Aug. 02, 2013

Sep. 02, 2010

Sep. 02, 2010

sqft

Common stock

Common stock

Common stock

Common stock

Common stock

Common stock

Common stock

Common stock

Preferred Shares

property

Minimum [Member]

Minimum [Member]

Minimum [Member]

Operations [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Shares available for issuance under initial public offering, shares

'

'

'

'

'

12,500,000

'

150,000,000

'

'

'

'

Common stock, par value, in dollars per share

$0.01

'

$0.01

'

'

'

'

$0.01

'

'

'

'

Shares issued or available for issuance under initial public offering, price per share

$10

'

'

'

'

$10

'

$10

'

'

'

'

Shares available for issuance under a distribution reinvestment plan, shares

'

'

'

'

'

1,250,000

'

25,000,000

'

'

'

'

Shares issued or available for issuance under a distribution reinvestment plan, price per share

'

'

'

'

'

'

'

'

$9.50

$9.50

$9.50

'

Percent of estimated value of a share of common stock

'

'

'

'

'

'

'

'

'

'

95.00%

'

Common stock, shares outstanding

107,781,407

'

19,930,772

'

107,781,407

'

19,930,772

'

'

'

'

'

Proceeds from issuance of common stock

'

'

'

'

$1,000,000,000

'

'

'

'

'

'

'

Stock issued for cash, shares issued

'

'

'

'

105,800,000

'

'

'

'

'

'

2,000,000

Proceeds from Issuance of stock

'

17,000,000

'

'

'

'

'

'

'

'

'

'

Conversion of preferred shares, shares issued

'

'

'

2,000,000

'

'

'

'

'

'

'

'

Aggregate value of all issuances and subscriptions of common stock outstanding

'

'

'

'

$1,100,000,000

'

'

'

'

'

'

'

Number of properties owned

19

'

'

'

'

'

'

'

'

'

'

'

Area of properties, in square feet

1,300,000

'

'

'

'

'

'

'

'

'

'

'

Real estate property percent leased on weighted average basis

96.20%

'

'

'

'

'

'

'

'

'

'

'

Real Estate Property, Weighted Average Remaining Lease Term

'9 years 10 months 21 days

'

'

'

'

'

'

'

'

'

'

'

Real_Estate_Investments_Assets

Real Estate Investments (Assets and Liabilities Assumed) (Details) (USD $)	9 Months Ended		12 Months Ended			48 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Sep. 30, 2013
	property	property	property	property	property	property
Real estate investments, at cost:	'	'	'	'	'	'
Land	$116,100	$23,369	'	'	'	'
Buildings, fixtures and improvements	289,771	62,845	'	'	'	'
Total tangible assets	405,871	86,214	'	'	'	'
Acquired intangible assets (liabilities):	16,568	3,093	'	'	'	'
Total assets acquired, net	422,439	89,307	'	'	'	'
Mortgage notes payable used to acquire investments in real estate	-60,000	0	'	'	'	'
Non-controlling interest retained by seller	0	-380	'	'	'	'
Other liabilities assumed	-13,599	-682	'	'	'	'
Cash paid for acquired real estate investments	348,840	88,245	'	'	'	'
Number of properties purchased	3	3	7	5	4	19
In-place leases	'	'	'	'	'	'
Real estate investments, at cost:	'	'	'	'	'	'
Acquired intangible assets (liabilities):	38,001	5,590	'	'	'	'
Above-market lease assets	'	'	'	'	'	'
Real estate investments, at cost:	'	'	'	'	'	'
Acquired intangible assets (liabilities):	7,726	261	'	'	'	'
Below-market lease liabilities	'	'	'	'	'	'
Real estate investments, at cost:	'	'	'	'	'	'
Acquired intangible assets (liabilities):	($29,159)	($2,758)	'	'	'	'

Real_Estate_Investments_Schedu

Real Estate Investments (Schedule of Real Estate Properties) (Details) (USD $)	9 Months Ended		12 Months Ended			48 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Sep. 30, 2013
	property	property	property	property	property	property
Real Estate [Abstract]	'	'	'	'	'	'
Number of Properties	3	3	7	5	4	19
Base Purchase Price	$422,439	'	$226,527	$57,926	$66,250	$773,142

Real_Estate_Investments_Profor

Real Estate Investments (Proforma Revenue and Losses, Disclosure) (Details) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Real Estate [Abstract]	'	'
Acquisition and transaction related, net	$7,000,000	'
Pro forma revenues	53,791,000	39,543,000
Pro forma net income (loss) attributable to stockholders	$862,000	($9,894,000)

Real_Estate_Investments_Schedu1

Real Estate Investments (Schedule of Future Minimum Rental Payments for Operating Lease) (Details) (USD $)	Sep. 30, 2013
In Thousands, unless otherwise specified
Real Estate [Abstract]	'
October 1, 2013 b December 31, 2013	$11,781
2014	50,803
2015	49,590
2016	50,092
2017	49,382
Thereafter	398,386
Total	$610,034

Real_Estate_Investments_Schedu2

Real Estate Investments (Schedule of Annualized Rental Income by Major Tenant) (Details)	9 Months Ended
	Sep. 30, 2013
333 West 34th Street | The Segal Company (Eastern States) Inc	'
Revenue, Major Customer [Line Items]	'
Major tenant rental income, as a percentage of total annualized rental income	14.90%
50 Varick Street | Spring Studios New York LLC	'
Revenue, Major Customer [Line Items]	'
Major tenant rental income, as a percentage of total annualized rental income	10.80%

Investment_Securities_Details

Investment Securities (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Schedule of Available-for-sale Securities [Line Items]	'	'
Cost	$1,288	'
Gross Unrealized Gains	0	'
Gross Unrealized Losses	-181	'
Fair Value	$1,107	$0
Converted Preferred Shares	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
PeriodFromIssuanceWhenInvestmentsBecomeRedeemable	'5 years	'

Credit_Facility_Details

Credit Facility (Details) (USD $)

0 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

In Millions, unless otherwise specified

Mar. 30, 2012

Sep. 30, 2013

Mar. 30, 2012

Aug. 20, 2013

Mar. 30, 2012

Mar. 30, 2012

Mar. 30, 2012

Mar. 30, 2012

Aug. 21, 2013

Aug. 21, 2013

Aug. 20, 2013

Aug. 20, 2013

Aug. 21, 2013

Aug. 21, 2013

Aug. 21, 2013

Aug. 21, 2013

Credit facility

Credit facility

Credit facility

Credit Facility [Member]

Credit Facility [Member]

Credit Facility [Member]

Below Threshold [Member]

Above Threshold [Member]

Line of Credit Facility, Base Rate, Option Two [Member]

Line of Credit Facility, Base Rate, Option Three [Member] [Member]

Term Loan [Member]

Credit facility

Corporate Leverage Ratio [Member]

Corporate Leverage Ratio [Member]

Corporate Leverage Ratio [Member]

Corporate Leverage Ratio [Member]

LIBOR [Member]

Maximum [Member]

Minimum [Member]

Credit facility

Credit facility

Credit facility

Credit facility

Credit facility

Line of Credit Facility, Interest Rate, Option One [Member]

Line of Credit Facility, Interest Rate, Option One [Member]

Line of Credit Facility, Interest Rate, Option Two [Member]

Line of Credit Facility, Interest Rate, Option Two [Member]

LIBOR [Member]

LIBOR [Member]

Federal Funds Effective Rate [Member]

One-Month LIBOR [Member] [Member]

Credit facility

Credit facility

Credit facility

Credit facility

Maximum [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

LIBOR [Member]

LIBOR [Member]

Base Rate [Member]

Base Rate [Member]

Line of Credit Facility [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum capacity on credit facility

$40

'

'

$220

'

'

'

'

'

'

$110

$110

'

'

'

'

Accordion feature of credit facility

'

'

'

'

325

25

'

'

'

'

'

'

'

'

'

'

Term of credit facility

'36 months

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Spread on variable rate basis

'

'

2.50%

'

'

'

'

'

0.50%

1.00%

'

'

2.75%

1.50%

1.75%

0.50%

Unused capacity fee percentage

'

'

'

'

'

'

0.20%

0.30%

'

'

'

'

'

'

'

'

Unused capacity commitment fee percentage threshold

'

'

50.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

Revolving credit facility

'

80

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Interest Rate, Effective Percentage

'

3.28%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Remaining Borrowing Capacity

'

$77.90

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Mortgage_Notes_Payable_Schedul

Mortgage Notes Payable (Schedule of Mortgage Notes Payable) (Details) (USD $)	Sep. 30, 2013		Dec. 31, 2012
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'		'
Mortgage notes payable	$172,831		$185,569
Mortgages [Member]	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	14		'
Mortgage notes payable	172,831		185,569
Effective Interest Rate, Weighted Average	3.60%	[1]	'
Mortgages [Member] | Interior Design Building	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Mortgage notes payable	20,675		20,949
Effective Interest Rate	4.40%		'
Mortgages [Member] | 367 - 387 Bleecker Street	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	3		'
Mortgage notes payable	21,300		21,300
Effective Interest Rate	4.30%		'
Mortgages [Member] | Foot Locker	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Mortgage notes payable	3,250		3,250
Effective Interest Rate	4.60%		'
Mortgages [Member] | Regal Parking Garage	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Mortgage notes payable	3,000		3,000
Effective Interest Rate	4.50%		'
Mortgages [Member] | Duane Reade	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Mortgage notes payable	8,400		8,400
Effective Interest Rate	3.60%		'
Mortgages [Member] | 416 Washington Street	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Mortgage notes payable	4,853		4,917
Effective Interest Rate	4.40%		'
Mortgages [Member] | One Jackson Square	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1	[2]	'
Mortgage notes payable	13,000	[2]	13,000	[2]
Effective Interest Rate	3.40%	[2]	'
Mortgages [Member] | 350 West 42nd Street	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Mortgage notes payable	11,365		11,365
Effective Interest Rate	3.40%		'
Mortgages [Member] | 1100 Kings Highway	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1	[2]	'
Mortgage notes payable	20,200	[2]	20,200	[2]
Effective Interest Rate	3.40%	[2]	'
Mortgages [Member] | 1623 Kings Highway	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1	[2]	'
Mortgage notes payable	7,288	[2]	7,288	[2]
Effective Interest Rate	3.30%	[2]	'
Mortgages [Member] | 256 West 38th Street	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1	[2]	'
Mortgage notes payable	24,500	[2]	24,500	[2]
Effective Interest Rate	3.10%	[2]	'
Mortgages [Member] | 229 West 36th Street	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1	[2]	'
Mortgage notes payable	35,000	[2]	35,000	[2]
Effective Interest Rate	2.90%	[2]	'
Mezzanine Mortgage [Member] | 256 West 38th Street	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	0	[3]	'
Mortgage notes payable	0	[3]	2,400	[3]
Effective Interest Rate	5.30%	[3]	'
Mezzanine Mortgage [Member] | 229 West 36th Street	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	0	[3]	'
Mortgage notes payable	$0	[3]	$10,000	[3]
Effective Interest Rate	5.30%	[3]	'
[1]	Calculated on a weighted average basis for all mortgages outstanding as of SeptemberB 30, 2013.
[2]	Fixed through an interest rate swap agreement.
[3]	These variable rate mezzanine loans were repaid in full in January 2013.

Mortgage_Notes_Payable_Schedul1

Mortgage Notes Payable (Schedule Of Aggregate Future Principal Payments On Mortgage Notes Payable) (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'	'
Total	$172,831	$185,569
Mortgages [Member]	'	'
Debt Instrument [Line Items]	'	'
October 1, 2013 b December 31, 2013	115	'
2014	473	'
2015	21,794	'
2016	28,167	'
2017	102,730	'
Thereafter	19,552	'
Total	$172,831	$185,569

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Schedule of Fair Value, Liabilities Measured on Recurring Basis) (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Investment securities	$1,107	$0
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets Level 1	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Interest rate swaps, net	0	0
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs Level 2	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Interest rate swaps, net	-1,256	-1,710
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs Level 3	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Interest rate swaps, net	0	0
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | Total	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Interest rate swaps, net	-1,256	-1,710
Available-for-sale Securities [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets Level 1	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Investment securities	1,107	0
Available-for-sale Securities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs Level 2	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Investment securities	0	0
Available-for-sale Securities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs Level 3	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Investment securities	0	0
Available-for-sale Securities [Member] | Fair Value, Measurements, Recurring [Member] | Total	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Investment securities	$1,107	$0

Fair_Value_of_Financial_Instru3

Fair Value of Financial Instruments (Fair Value, by Balance Sheet Grouping) (Details) (Level 3 [Member], USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Mortgage notes payable | Carrying Amount [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Debt, fair value	$172,831	$185,569
Mortgage notes payable | Fair Value [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Debt, fair value	173,577	185,621
Credit facility | Carrying Amount [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Debt, fair value	80,000	19,995
Credit facility | Fair Value [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Debt, fair value	$80,000	$19,995

Derivatives_and_Hedging_Activi2

Derivatives and Hedging Activities (Schedule Of Interest Rate Derivative) (Details) (Designated as Hedging Instrument [Member], Cash Flow Hedging [Member], Interest rate swaps, USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	derivative	derivative
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest rate swaps	'	'
Derivative [Line Items]	'	'
Number of Instruments, in derivatives	6	5
Derivative, Notional Amount	$179,988	$99,988

Derivatives_and_Hedging_Activi3

Derivatives and Hedging Activities (Schedule of Derivative Instruments in Statement of Financial Position, Fair Value) (Details) (Cash Flow Hedging [Member], Interest rate swaps, Designated as Hedging Instrument [Member], Derivatives at Fair Value [Member], USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Cash Flow Hedging [Member] | Interest rate swaps | Designated as Hedging Instrument [Member] | Derivatives at Fair Value [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative assets, at fair value	$301	$0
Derivative liabilities, at fair value	($1,557)	($1,710)

Derivatives_and_Hedging_Activi4

Derivatives and Hedging Activities (Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance) (Details) (Cash Flow Hedging [Member], Interest Rate Swap [Member], USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Amount of loss recognized in accumulated other comprehensive loss from interest rate derivatives (effective portion)	($2,048)	($654)	($349)	($1,004)
Amount of income (loss) recognized in gain (loss) on derivative instruments (ineffective portion and amount excluded from effectiveness testing)	0	0	4	-1
Interest Expense [Member]	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Amount of loss reclassified from accumulated other comprehensive loss into income as interest expense (effective portion)	($365)	($68)	($799)	($143)

Derivatives_and_Hedging_Activi5

Derivatives and Hedging Activities (Narrative) (Details) (Designated as Hedging Instrument [Member], Cash Flow Hedging [Member], USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013
Derivatives at Fair Value [Member] | Interest rate swaps	'
Derivative [Line Items]	'
Derivative Liability, Current	$1.70
Interest Rate Swap [Member]	'
Derivative [Line Items]	'
Amount required to settle its obligations under the agreement at its aggregate termination value incase of breach	1.7
Interest Rate Swap [Member] | Interest Expense [Member] | Scenario, Forecast [Member]	'
Derivative [Line Items]	'
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimate of Time to Transfer	'12 months
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred	$2

Derivatives_and_Hedging_Activi6

Derivatives and Hedging Activities Schedule of Offsetting Liabilities (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Derivative and Hedging Activities [Abstract]	'	'
Derivative Asset, Fair Value, Gross Asset	$301	$0
Derivatives, at fair value	-1,557	-1,710
Net Amounts of Assets (Liabilities) presented on the Balance Sheet	-1,256	-1,710
Derivative, Collateral, Obligation to Return Securities	0	0
Cash Collateral Posted	0	0
Derivative Liability, Fair Value, Amount Offset Against Collateral	($1,256)	($1,710)

Common_Stock_Details

Common Stock (Details) (USD $)	36 Months Ended			9 Months Ended		39 Months Ended	48 Months Ended
	Sep. 30, 2012	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013		Sep. 30, 2013	Dec. 31, 2012
				Unfunded [Member]	Approved [Member]	Approved [Member]	Approved [Member]		Common stock	Common stock
Class of Stock [Line Items]	'	'	'	'	'	'	'		'	'
Common stock, shares outstanding	'	107,781,407	19,930,772	'	'	'	'		107,781,407	19,930,772
Dividends per share declared	$0.61	'	'	'	'	'	'		'	'
Common Stock, Dividends, Per Share Per Day, Declared	$0.00	'	'	'	'	'	'		'	'
Number of Requests	'	'	'	6	18	11	29	[1]	'	'
Number of Shares Repurchased	'	'	'	'	144,005	84,199	228,204	[1]	'	'
Average Price per Share	'	'	'	$9.79	$9.65	$9.56	$9.62	[1]	'	'
Remaining Number of Unfunded Shares Authorized to be Repurchased	'	'	'	36,719	'	'	'		'	'
[1]	Includes six unfulfilled repurchase requests consisting of 36,719 shares at an average price per share of $9.79, which were approved for repurchase as of SeptemberB 30, 2013 and completed in October 2013. This liability is included in accounts payable and accrued expenses on the Company's consolidated balance sheets.

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
		416 Washington Street
Loss Contingencies [Line Items]	'	'
October 1, 2013 b December 31, 2013	$22,000	'
2014	86,000	'
2015	86,000	'
2016	86,000	'
2017	86,000	'
Thereafter	3,662,000	'
Total	4,028,000	'
Property Insurance Deductible Expense	'	100,000
Rent Reserve	$400,000	'

Related_Party_Transactions_and2

Related Party Transactions and Arrangements (Details) (USD $)

48 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Maximum [Member]

New York Recovery Advisors, LLC and Realty Capital Securities, LLC [Member]

New York Recovery Advisors, LLC and Realty Capital Securities, LLC [Member]

New York Recovery Advisors, LLC and Realty Capital Securities, LLC [Member]

New York Recovery Advisors, LLC and Realty Capital Securities, LLC [Member]

New York Recovery Special Limited Partnership, LLC [Member]

New York Recovery Special Limited Partnership, LLC [Member]

Realty Capital Securities, LLC [Member]

Realty Capital Securities, LLC [Member]

Realty Capital Securities, LLC [Member]

Realty Capital Securities, LLC [Member]

Realty Capital Securities, LLC [Member]

Realty Capital Securities, LLC [Member]

Realty Capital Securities, LLC [Member]

Realty Capital Securities, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

Greater Of [Member]

Greater Of [Member]

Payable as of

Payable as of

Payable as of

Payable as of

Payable as of

Payable as of

Scenario, Forecast [Member]

Greater Of [Member]

Greater Of [Member]

Affiliated Entity and Affiliate of Sponsor [Member]

Affiliated Entity and Affiliate of Sponsor [Member]

Affiliated Entity and Affiliate of Sponsor [Member]

Affiliated Entity and Affiliate of Sponsor [Member]

Entity Wholly Owned by Sponsor [Member]

Entity Wholly Owned by Sponsor [Member]

Participating Broker-Dealer [Member]

Participating Broker-Dealer [Member]

Dealer Manager [Member]

Dealer Manager [Member]

Dealer Manager [Member]

Dealer Manager [Member]

Dealer Manager [Member]

Dealer Manager [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC and Realty Capital Securities, LLC [Member]

New York Recovery Advisors, LLC and Realty Capital Securities, LLC [Member]

Realty Capital Securities, LLC [Member]

Realty Capital Securities, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

New York Recovery Advisors, LLC [Member]

Fees and expense reimbursements incurred from the Advisor and Dealer Manager (1)

Fees and expense reimbursements incurred from the Advisor and Dealer Manager (1)

Fees and expense reimbursements incurred from the Advisor and Dealer Manager (1)

Fees and expense reimbursements incurred from the Advisor and Dealer Manager (1)

Gross Proceeds, Initial Public Offering [Member]

Maximum [Member]

Total commissions and fees incurred from Dealer Manager

Total commissions and fees incurred from Dealer Manager

Total commissions and fees incurred from Dealer Manager

Total commissions and fees incurred from Dealer Manager

Maximum [Member]

Maximum [Member]

Amount Available or Outstanding Under Financing Arrangement [Member]

Contract Purchase Price [Member]

Contract Purchase Price [Member]

Average Invested Assets [Member]

Gross Revenue, Multi-tenant Properties [Member]

Net Sale Proceeds, after Return of Capital Contributions and Annual Targeted Investor Return [Member]

Excess of Adjusted Market Value of Real Estate Assets Plus Distributions Over Aggregate Contributed Investor Capital [Member]

Property operating expenses absorbed

Property operating expenses absorbed

Property operating expenses absorbed

Property operating expenses absorbed

General and administrative expenses absorbed

General and administrative expenses absorbed

General and administrative expenses absorbed

General and administrative expenses absorbed

Annual Targeted Investor Return [Member]

Maximum [Member]

Maximum [Member]

Maximum [Member]

Maximum [Member]

Advisor [Member]

Advisor [Member]

Affiliated Entity and Affiliate of Sponsor [Member]

Affiliated Entity and Affiliate of Sponsor [Member]

Dealer Manager [Member]

Dealer Manager [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Gross Proceeds, Initial Public Offering [Member]

Gross Proceeds, Initial Public Offering [Member]

Gross Proceeds, Common Stock [Member]

Pre-tax Non-compounded Return on Capital Contribution [Member]

Gross Revenue, Managed Properties [Member]

Contract Purchase Price [Member]

Average Invested Assets [Member]

Real Estate Commissions [Member]

Maximum [Member]

Maximum [Member]

Fees and expense reimbursements incurred from the Advisor and Dealer Manager (1)

Fees and expense reimbursements incurred from the Advisor and Dealer Manager (1)

Total commissions and fees incurred from Dealer Manager

Total commissions and fees incurred from Dealer Manager

Contract Purchase Price [Member]

Maximum [Member]

Maximum [Member]

Contract Sales Price [Member]

Net Income, Excluding Additions to Non-cash Reserves and Gains on Sales of Assets [Member]

Average Invested Assets [Member]

Contract Sales Price [Member]

Brokerage Commission Fees [Member]

Contract Sales Price [Member]

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock held by related party, in shares

'

'

'

'

'

'

'

20,000

20,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Sales Commissions Earned by Related Party, Percentage of Benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7.00%

3.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Brokerage Fees Earned by Related Party, Percentage of Benchmark

'

'

'

'

'

'

'

'

'

'

7.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Sales Commissions Earned by Related Party Paid at time of Sale, Percentage of Benchmark

'

'

'

'

'

'

'

'

'

2.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Sales Commissions Earned by Related Party Paid at Annieversary of Closing, Percentage of Benchmark

'

'

'

'

'

'

'

'

'

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fees paid to related parties

'

'

'

$2,229,000

$669,000

$3,636,000

($2,510,000)

'

'

'

'

$41,035,000

$2,908,000

$78,403,000

$7,858,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0

$2,557,000

$217,000

$83,000

$778,000

$93,000

'

'

'

Aggregate Offering Costs, as a Percentage of Gross Common Stock Proceeds

'

'

15.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Liability for Initial Public Offering Costs, Percentage of Gross Proceeds

'

'

1.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Reimbursed Offering Costs

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cumulative Offering Costs, Gross

109,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Acquisition Fees Earned by Related Party, Percentage of Benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.00%

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.50%

'

'

Related Party Transaction, Acquisition Fees and Acquisition Related Expenses Earned by Related Party, Percentage of Benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

Asset management fees as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.75%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate asset management and oversight fees as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.75%

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Cumulative Capital Investment Return, as a Percentage of Benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unearned Class B Units, in Lieu of Asset Management Fees Paid in Cash

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

91,296

255,515

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Property management fees as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Oversight fees as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Financing coordination as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.75%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Operating expenses as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

25.00%

2.00%

'

'

'

'

'

'

'

'

'

Expenses absorbed by advisor

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

500,000

156,000

1,450,000

640,000

'

'

'

'

'

'

'

'

0

0

0

170,000

500,000

156,000

1,450,000

470,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Due from affiliate, net

$500,000

$325,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Real Estate Commission Earned by Related Party, Percentage of Benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6.00%

'

'

'

'

'

'

'

'

'

2.00%

50.00%

Related Party Transaction, Subordinated Participation Fee Earned by Related Party, Percentage of Benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Subordinated Incentive Listing Distribution, Percentage of Benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related_Party_Transactions_and3

Related Party Transactions and Arrangements (Schedule of Amount Contractually Due and Forgiven in Connection With Operation Related Services) (Details) (USD $)

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Payable as of

Payable as of

Payable as of

Payable as of

Payable as of

Payable as of

Payable as of

Payable as of

Payable as of

Payable as of

Payable as of

Payable as of

Payable as of

Payable as of

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

One-time fees and reimbursements:

One-time fees and reimbursements:

One-time fees and reimbursements:

One-time fees and reimbursements:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

One-time fees and reimbursements:

One-time fees and reimbursements:

One-time fees and reimbursements:

One-time fees and reimbursements:

One-time fees and reimbursements:

One-time fees and reimbursements:

One-time fees and reimbursements:

One-time fees and reimbursements:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

One-time fees and reimbursements:

One-time fees and reimbursements:

One-time fees and reimbursements:

One-time fees and reimbursements:

One-time fees and reimbursements:

One-time fees and reimbursements:

One-time fees and reimbursements:

One-time fees and reimbursements:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Acquisition fees and related cost reimbursements (1)

Acquisition fees and related cost reimbursements (1)

Financing coordination fees

Financing coordination fees

Asset management fees (2)

Asset management fees (2)

Property management and leasing fees

Property management and leasing fees

Strategic advisory fees

Strategic advisory fees

Distributions on Class B units

Distributions on Class B units

Acquisition fees and related cost reimbursements (1)

Acquisition fees and related cost reimbursements (1)

Acquisition fees and related cost reimbursements (1)

Acquisition fees and related cost reimbursements (1)

Financing coordination fees

Financing coordination fees

Financing coordination fees

Financing coordination fees

Asset management fees (2)

Asset management fees (2)

Asset management fees (2)

Asset management fees (2)

Property management and leasing fees

Property management and leasing fees

Property management and leasing fees

Property management and leasing fees

Strategic advisory fees

Strategic advisory fees

Strategic advisory fees

Strategic advisory fees

Distributions on Class B units

Distributions on Class B units

Distributions on Class B units

Distributions on Class B units

Acquisition fees and related cost reimbursements (1)

Acquisition fees and related cost reimbursements (1)

Acquisition fees and related cost reimbursements (1)

Acquisition fees and related cost reimbursements (1)

Financing coordination fees

Financing coordination fees

Financing coordination fees

Financing coordination fees

Asset management fees (2)

Asset management fees (2)

Asset management fees (2)

Asset management fees (2)

Property management and leasing fees

Property management and leasing fees

Property management and leasing fees

Property management and leasing fees

Strategic advisory fees

Strategic advisory fees

Strategic advisory fees

Strategic advisory fees

Distributions on Class B units

Distributions on Class B units

Distributions on Class B units

Distributions on Class B units

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related party operation fees and reimbursements

$0

$2,557,000

$0

[1]

$2,018,000

[1]

$0

$539,000

$0

[2]

$0

[2]

$0

$0

$0

$0

$0

$0

$5,115,000

$750,000

$5,385,000

$1,952,000

$3,111,000

[1]

$483,000

[1]

$2,286,000

[1]

$1,380,000

[1]

$1,650,000

$267,000

$2,100,000

$572,000

$0

[2]

$0

[2]

$0

[2]

$0

[2]

$0

$0

$0

$0

$315,000

$0

$920,000

$0

$39,000

$0

$79,000

$0

$211,000

$135,000

$582,000

$881,000

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

$0

$0

$0

$0

[2]

$0

[2]

$0

[2]

$540,000

[2]

$211,000

$135,000

$582,000

$341,000

$0

$0

$0

$0

$0

$0

$0

$0

Related Party Transaction, Insourced Acquisition Fees Earned by Related Party, Reimbursed Fees

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$2,500,000

'

$2,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

[1]

In June 2013, the Advisor elected to reimburse the Company $2.5 million for acquisition and legal expenses incurred.

[2]

Asset management fees through June 30, 2012, were waived. Effective July 1, 2012, the Company began issuing to the Advisor restricted performance-based Class B units for asset management services, which will be forfeited immediately if certain conditions occur.

ShareBased_Compensation_Detail

Share-Based Compensation (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Stock Options [Member] | Stock Option Plan [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Exercise price for all stock options granted under the Plan	$10	'	$10	'
Number of shares authorized, in shares	500,000	'	500,000	'
Restricted Stock [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Maximum authorized amount as a percentage of shares authorized	'	'	5.00%	'
Restricted share vesting period	'	'	'5 years	'
Restricted Stock [Member] | Restricted Share Plan [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Number of shares authorized, in shares	7,500,000	'	7,500,000	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Automatic Grant	3,000	'	3,000	'
Share-based Compensation Arrangement by Share-based Payment Award, Periodic Vesting Percentage	20.00%	'	20.00%	'
Allocated Share-based Compensation Expense	$16,000	$12,000	$40,000	$28,000
Common stock	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Shares issued in lieu of cash	'	'	18,107	2,222
Value of shares issued in lieu of cash (in thousands)	'	'	$162,000	$20,000

ShareBased_Compensation_Restri

Share-Based Compensation Restricted Stock Activity (Details) (Restricted Share Plan [Member], Restricted Stock [Member], USD $)	9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Restricted Share Plan [Member] | Restricted Stock [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]	'	'
Unvested, December 31, 2012, Number of Common Shares, in shares	19,800	'
Unvested, December 31, 2012, Weighted Average Issue Price, in dollars per share	$9.33	$9.55
Granted, Number of Restricted Shares, in shares	9,000	'
Granted, Weighted Average Issue Price, in dollars per share	$9	'
Vested, Number of Common Shares, in shares	-4,800	'
Vested, Weighted-Average Issue Price, in dollars per share	$9.63	'
Forfeited, Number of Share, in shares	0	'
Forfeited, Weighted Average Issue Price, in dollars per share	$0	'
Unvested, June 30, 2013, Number of Common Shares, in shares	24,000	'
Unvested, June 30, 2013 Weighted Average Issue Price, in dollars per share	$9.33	$9.55

Net_Loss_Per_Share_Schedule_of

Net Loss Per Share (Schedule of Earnings Per Share, Basic and Diluted) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Earnings Per Share [Abstract]	'	'	'	'
Net loss attributable to stockholders	($5,373)	($1,270)	($6,148)	($3,037)
Weighted average shares outstanding, basic and diluted	83,841,078	13,508,525	49,902,303	10,509,721
Basic and diluted net loss per share attributable to stockholders	($0.06)	($0.09)	($0.12)	($0.29)

Net_Loss_Per_Share_Schedule_of1

Net Loss Per Share (Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share) (Details)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Total anti-dilutive common share equivalents	323,683	20,000
Unvested restricted stock	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Total anti-dilutive common share equivalents	24,000	19,800
OP units	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Total anti-dilutive common share equivalents	200	200
Class B units	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Total anti-dilutive common share equivalents	299,483	0

Noncontrolling_Interests_Detai

Non-controlling Interests (Details) (USD $)	3 Months Ended		9 Months Ended						9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2010	Sep. 30, 2012	Dec. 31, 2010	Dec. 31, 2010	Sep. 30, 2013	Sep. 30, 2012	Jun. 30, 2012
					367 - 387 Bleecker Street	163 Washington Ave Condominiums [Member]	Unrelated Third Party [Member]	American Realty Capital [Member]	OP units	OP units	Redeemed [Member]
							367 - 387 Bleecker Street	367 - 387 Bleecker Street			American Realty Capital [Member]
											367 - 387 Bleecker Street
Noncontrolling Interest [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Total anti-dilutive common share equivalents	'	'	323,683	20,000	'	'	'	'	200	200	'
Noncontrolling members' aggregate investment	'	'	'	'	$13,000,000	$500,000	$1,000,000	$12,000,000	'	'	$12,000,000
Distributions to non-controlling interest holders	$17,000	$17,000	$51,000	$464,000	'	'	'	'	'	'	'

Subsequent_Events_Details

Subsequent Events (Details) (USD $)

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Aug. 02, 2013

Dec. 31, 2012

Sep. 02, 2010

Nov. 02, 2013

Oct. 31, 2013

Oct. 31, 2013

Oct. 03, 2013

Oct. 02, 2013

Nov. 02, 2013

Nov. 01, 2013

Oct. 03, 2013

Nov. 01, 2013

Nov. 01, 2013

Nov. 01, 2013

Nov. 01, 2013

Nov. 01, 2013

Nov. 01, 2013

sqft

Common stock

Common stock

Common stock

Common stock

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

123 William Street [Member]

123 William Street [Member]

Worldwide Plaza [Member]

Worldwide Plaza [Member]

Maximum [Member]

Assets [Member]

Debt [Member]

Office Space [Member]

Retail Space [Member]

Theather Stages [Member]

713940 Fitness and Recreational Sports Centers [Member]

Common stock

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

123 William Street [Member]

Worldwide Plaza [Member]

Worldwide Plaza [Member]

Worldwide Plaza [Member]

Worldwide Plaza [Member]

Worldwide Plaza [Member]

Worldwide Plaza [Member]

sqft

sqft

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

sqft

sqft

stage

sqft

Subsequent Event [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock, shares outstanding

107,781,407

19,930,772

107,781,407

'

19,930,772

'

'

125,900,000

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate value of all issuances and subscriptions of common stock outstanding

'

'

$1,100,000,000

'

'

'

'

$1,300,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Per share value, in dollars per share

$10

'

'

$10

'

$10

'

'

$10

'

'

'

'

'

'

'

'

'

'

'

Per share value of shares issued under DRIP, in dollars per share

'

'

'

'

'

'

'

'

$9.50

'

'

'

'

'

'

'

'

'

'

'

Equity Method Investments

'

'

'

'

'

'

'

'

'

'

30,000,000

'

220,100,000

'

'

'

'

'

'

'

Area of properties, in square feet

1,300,000

'

'

'

'

'

'

'

'

'

500,000

'

2,100,000

'

'

'

1,800,000

30,000

'

38,000

Property, Plant and Equipment, Basis of Valuation

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,325,000,000

875,000,000

'

'

'

'

Number of Parking Spots

'

'

'

'

'

'

'

'

'

'

'

'

475

'

'

'

'

'

'

'

Number of Stages

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5

'

Duration of Preferred Equity Investment

'

'

'

'

'

'

'

'

'

'5 years

'

'

'

'

'

'

'

'

'

'

Occupancy Rate, Percent

'

'

'

'

'

'

'

'

'

'

'

91.00%

'

'

'

'

'

'

'

'

Payments to Acquire Equity Method Investments

'

'

'

'

'

'

'

'

'

'

'

'

'

$40,000,000

'

'

'

'

'

'

Equity Method Investment, Ownership Percentage

'

'

'

'

'

'

'

'

'

'

'

'

48.90%

'

'

'

'

'

'

'

Loss Contingency, Damages Sought

'

'

'

'

'

'

'200.0

'

'

'

'

'

'

'

'

'

'

'

'

'

Subsequent_Events_Schedule_of_

Subsequent Events (Schedule of Stockholders Equity) (Details) (USD $)

9 Months Ended

48 Months Ended

1 Months Ended

49 Months Ended

9 Months Ended

48 Months Ended

1 Months Ended

49 Months Ended

48 Months Ended

1 Months Ended

49 Months Ended

48 Months Ended

1 Months Ended

49 Months Ended

In Thousands, unless otherwise specified

Sep. 30, 2013

Sep. 30, 2013

Oct. 31, 2013

Oct. 31, 2013

Sep. 30, 2013

Sep. 30, 2013

Oct. 31, 2013

Oct. 31, 2013

Sep. 30, 2013

Oct. 31, 2013

Oct. 31, 2013

Sep. 30, 2013

Oct. 31, 2013

Oct. 31, 2013

Subsequent Event [Member]

Subsequent Event [Member]

Common stock

Common stock

Common stock

Common stock

Converted Preferred Shares

Converted Preferred Shares

Converted Preferred Shares

Contributions from non-controlling interest holders, net of redemptions

Contributions from non-controlling interest holders, net of redemptions

Contributions from non-controlling interest holders, net of redemptions

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock

$857,340

'

'

'

$870

$1,043,442

$179,030

$1,222,472

'

'

'

'

'

'

Converted Preferred Shares

'

'

'

'

'

'

'

'

16,954

0

16,954

'

'

'

Contributions from non-controlling interest holders, net of redemptions

'

'

'

'

'

'

'

'

'

'

'

1,000

0

1,000

Total capital issued during period, excluding DRIP

'

$1,061,396

$179,030

$1,240,426

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'

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'

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'

'

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