New York REIT Liquidating (NYRT) 10-Q 8 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 08, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'New York 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-Jun-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	162,180,226

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
Real estate investments, at cost:	'	'
Land	$425,814,000	$425,814,000
Buildings, fixtures and improvements	990,451,000	989,145,000
Acquired intangible lease assets	127,004,000	127,846,000
Total real estate investments, at cost	1,543,269,000	1,542,805,000
Less accumulated depreciation and amortization	-81,326,000	-41,183,000
Total real estate investments, net	1,461,943,000	1,501,622,000
Cash and cash equivalents	50,616,000	233,377,000
Restricted cash	1,382,000	1,122,000
Investment securities, at fair value	4,376,000	1,048,000
Investments in unconsolidated joint ventures	228,834,000	234,774,000
Preferred equity investment	33,600,000	30,000,000
Derivatives, at fair value	132,000	490,000
Receivable for sale of common stock	0	11,127,000
Due from affiliate	1,041,000	0
Prepaid expenses and other assets	27,889,000	21,404,000
Deferred costs, net	18,555,000	13,341,000
Total assets	1,828,368,000	2,048,305,000
LIABILITIES AND EQUITY	'	'
Mortgage notes payable	172,482,000	172,716,000
Credit facility	305,000,000	305,000,000
Market lease intangibles, net	66,953,000	73,029,000
Derivatives, at fair value	39,777,000	875,000
Accounts payable and accrued expenses	25,882,000	30,703,000
Deferred rent and other liabilities	5,259,000	7,997,000
Dividends payable	0	8,726,000
Total liabilities	615,353,000	599,046,000
Common stock, $0.01 par value; 300,000,000 shares authorized, 162,180,226 and 174,120,408 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively	1,620,000	1,741,000
Additional paid-in capital	1,399,480,000	1,533,698,000
Accumulated other comprehensive loss	-1,446,000	-613,000
Accumulated deficit	-200,524,000	-86,008,000
Total stockholders' equity	1,199,130,000	1,448,818,000
Non-controlling interests	13,885,000	441,000
Total equity	1,213,015,000	1,449,259,000
Total liabilities and equity	1,828,368,000	2,048,305,000
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 $)	Jun. 30, 2014	Dec. 31, 2013
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	162,180,226	174,120,408
Common stock, shares outstanding (in shares)	162,180,226	174,120,408
Preferred Shares	'	'
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, shares authorized (in shares)	40,866,376	40,866,376
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Convertible Preferred Stock	'	'
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, shares authorized (in shares)	9,133,624	9,133,624
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenues:	'	'	'	'
Rental income	$26,104	$10,133	$53,275	$17,807
Operating expense reimbursements and other revenue	9,845	772	16,266	1,425
Total revenues	35,949	10,905	69,541	19,232
Operating expenses:	'	'	'	'
Property operating	14,079	2,448	28,084	4,185
Operating fees to affiliates	2,274	0	2,274	0
Acquisition and transaction related	11,577	-2,434	11,646	366
Vesting of asset management fees	11,500	0	11,500	0
Fair value of listing promote	38,100	0	38,100	0
General and administrative	876	191	2,221	340
Equity-based compensation	1,882	13	1,898	24
Depreciation and amortization	23,463	5,986	47,717	10,272
Total operating expenses	103,751	6,204	143,440	15,187
Operating income (loss)	-67,802	4,701	-73,899	4,045
Other income (expenses):	'	'	'	'
Interest expense	-4,813	-2,694	-8,752	-4,840
Income from unconsolidated joint venture	4,189	0	5,446	0
Income from preferred equity investment, investment securities and interest income	677	1	1,301	1
Gain (loss) on derivative instruments	1	4	1	4
Total other income (expenses)	54	-2,689	-2,004	-4,835
Net income (loss)	-67,748	2,012	-75,903	-790
Net loss attributable to non-controlling interests	511	7	510	15
Net income (loss) attributable to stockholders	-67,237	2,019	-75,393	-775
Other comprehensive income (loss):	'	'	'	'
Designated derivatives, fair value adjustment	-1,035	1,955	-1,161	2,133
Unrealized gain (loss) on investment securities	204	-9	328	-9
Comprehensive income (loss) attributable to stockholders	($68,068)	$3,965	($76,226)	$1,349
Basic net income (loss) per share attributable to stockholders (in dollars per share)	($0.40)	$0.05	($0.44)	($0.02)
Diluted net income (loss) per share attributable to stockholders (in dollars per share)	($0.40)	$0.04	($0.44)	($0.02)

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 Dec. 31, 2013	$1,449,259	$1,741	$1,533,698	($613)	($86,008)	$1,448,818	$441
Beginning Balance (in shares) at Dec. 31, 2013	'	174,120,408	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'	'
Issuance of common stock (in shares)	'	18,908	'	'	'	'	'
Issuances of common stock	184	'	184	'	'	184	'
Common stock offering costs, commissions and dealer manager fees	-51	'	-51	'	'	-51	'
Common stock issued through distribution reinvestment plan (in shares)	'	2,002,008	'	'	'	'	'
Common stock issued though distribution reinvestment plan	19,019	20	18,999	'	'	19,019	'
Commons stock repurchases (in shares)	'	-14,175,117	'	'	'	'	'
Common stock repurchases	-153,763	-141	-153,622	'	'	-153,763	'
Distributions declared	-39,123	'	'	'	-39,123	-39,123	'
Contributions from non-controlling interest holders	750	'	'	'	'	'	750
Issuance of OP units to affiliates	11,500	'	'	'	'	'	11,500
Equity-based compensation (in shares)	'	214,019	'	'	'	'	'
Equity-based compensation	2,074	'	272	'	'	272	1,802
Distributions to non-controlling interest holders	-98	'	'	'	'	'	-98
Other comprehensive loss	-833	'	'	-833	'	-833	'
Net loss	-75,903	'	'	'	-75,393	-75,393	-510
Ending Balance at Jun. 30, 2014	$1,213,015	$1,620	$1,399,480	($1,446)	($200,524)	$1,199,130	$13,885
Ending Balance (in shares) at Jun. 30, 2014	'	162,180,226	'	'	'	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Net loss attributable to stockholders	($75,393)	($775)
Adjustments to reconcile net loss attributable to stockholders to net cash provided by operating activities:	'	'
Depreciation	37,432	7,519
Amortization of intangibles	10,285	2,753
Amortization of deferred financing costs	2,150	1,076
Accretion of market lease liabilities and amortization of above-market lease assets, net	-4,719	-411
Vesting of asset management fees	11,500	0
Equity-based compensation	2,074	47
Net loss attributable to non-controlling interests	-510	-15
Loss (gain) on fair value of the listing promote and other derivatives	38,099	-4
Equity in income of unconsolidated joint ventures	-5,446	0
Changes in assets and liabilities:	'	'
Prepaid expenses and other assets	-6,743	-4,621
Accounts payable and accrued expenses	-2,798	-1,013
Due from affiliated entities	-1,041	0
Deferred rent and other liabilities	-2,738	-44
Net cash provided by operating activities	2,152	4,512
Cash flows from investing activities:	'	'
Investment in real estate and other assets	0	-51,157
Additional investment in unconsolidated joint venture and preferred equity investment	-3,872	0
Deposits for investments in real estate	0	-20,000
Capital expenditures	-2,868	-1,995
Distributions from unconsolidated joint venture	5,177	0
Purchase of investment securities	-3,000	-1,050
Net cash used in investing activities	-4,563	-74,202
Cash flows from financing activities:	'	'
Payments on mortgage notes payable	-234	-12,624
Payments of deferred financing costs	-7,258	-626
Proceeds from issuance of common stock	11,311	379,177
Proceeds from issuance of operating partnership units	750	0
Repurchases of common stock, inclusive of fees and expenses	-154,269	-1,330
Payments of offering costs and fees related to stock issuances	-1,462	-38,037
Dividends paid	-28,830	-4,219
Due from affiliate	0	-275
Distributions to non-controlling interest holders	-98	-35
Restricted cash	-260	-103
Net cash provided by (used in) financing activities	-180,350	321,928
Net increase (decrease) in cash and cash equivalents	-182,761	252,238
Cash and cash equivalents, beginning of period	233,377	5,354
Cash and cash equivalents, end of period	50,616	257,592
Supplemental disclosures:	'	'
Cash paid for interest	6,630	3,425
Non-cash investing and financing activities:	'	'
Mortgage notes payable used to acquire investments in real estate	0	60,000
Common stock issued through distribution reinvestment plan	$19,019	$3,941

Organization

Organization	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization	'
	Organization
	New York REIT, Inc. (the "Company") focuses on acquiring and owning income-producing commercial real estate in New York City, primarily office and retail properties located in Manhattan. To add diversity to the portfolio, the Company may also acquire multifamily, industrial, hotel and other types of real properties as well as originate or acquire first mortgage loans, mezzanine loans, or preferred equity interests related to New York City real estate. The Company purchased its first property and commenced active operations in June 2010. As of June 30, 2014, the Company owned 23 properties and real estate-related assets.
	In September 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 at a price of $10.00 per share, subject to certain volume and other discounts. The Company's IPO closed in December 2013. The Company operated as a non-traded real estate investment trust ("REIT") through April 14, 2014. On April 15, 2014, the Company listed its common stock on the New York Stock Exchange ("NYSE") under the symbol "NYRT" (the "Listing"). Concurrent with the Listing, the Company offered to purchase up to 23.3 million shares of its common stock at a price of $10.75 per share (the “Tender Offer”). As a result of the Tender Offer, on May 12, 2014, the Company purchased 14.2 million shares of its common stock at a price of $10.75 per share, for an aggregate of $152.3 million, excluding fees and expenses relating to the Tender Offer and including fractional shares repurchased thereafter.
	The Company, incorporated on October 6, 2009, is a Maryland corporation that qualified as a REIT for U.S. federal income tax purposes beginning with the taxable year ended December 31, 2010.  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") served as the dealer manager of the IPO and continues to provide the Company with various services.  The Advisor and the Property Manager are indirect wholly owned entities of, and the Dealer Manager is under common control with the parent of the Company's sponsor, 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 investment and management of the Company's assets.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2014
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 six months ended June 30, 2014 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, 2013, which are included in the Company's Annual Report on Form 10-K filed with the SEC on February 28, 2014. There have been no significant changes to the Company's significant accounting policies during the six months ended June 30, 2014, other than the updates described below and the subsequent notes.
	Listing Note
	Concurrently with the Listing, the Company caused the OP to issue the Listing Note (see Note 9 - Subordinated Listing Distribution Derivative). The Listing Note value will be determined, in part, based on the average market value of the Company’s outstanding common stock for the period 180 days to 210 days after the Listing. Until the principal amount of the Listing Note is determined, the Listing Note is treated as a derivative and the Company estimates the contingent consideration using a valuation model and records the fair value of the Listing Note on the consolidated balance sheets. The initial fair value and subsequent changes in fair value are recorded in the consolidated statements of operations.
	Multi-Year Outperformance Agreement
	On April 15, 2014 (the "Effective Date"), in connection with the Listing, the Company entered into a Multi-Year Outperformance Agreement (the “OPP”) with the OP and the Advisor. See Note 16 - Share-Based Compensation.
	Tender Offer
	The Company recorded the excess of the cost of the tendered shares over its par value to additional paid-in capital.
	Recent Accounting Pronouncements
	In February 2013, the Financial Accounting Standards Board ("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 adoption of this guidance did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In April 2014, the FASB amended the requirements for reporting discontinued operations. Under the revised guidance, in addition to other disclosure requirements, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results when the component or group of components meets the criteria to be classified as held for sale, disposed of by sale or other than by sale. The Company has adopted the provisions of this guidance effective January 1, 2014, and has applied the provisions prospectively. 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 May 2014, the FASB issued revised guidance relating to revenue recognition. Under the revised guidance, an entity is required to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The revised guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is not permitted under GAAP. The revised guidance allows entities to apply the full retrospective or modified retrospective transition method upon adoption. The Company has not yet selected a transition method and is currently evaluating the impact of the new guidance.

Real_Estate_Investments

Real Estate Investments	6 Months Ended
	Jun. 30, 2014
Real Estate [Abstract]	'
Real Estate Investments	'
	Real Estate Investments
	The following table presents the allocation of the assets acquired and liabilities assumed during the six months ended June 30, 2013. There were no assets acquired and liabilities assumed during the six months ended June 30, 2014.
		Six Months Ended
	(Dollar amounts in thousands)		June 30, 2013
	Real estate investments, at cost:
	Land		$	17,500
	Buildings, fixtures and improvements		90,869
	Total tangible assets		108,369
	Acquired intangibles:
	In-place leases		8,214
	Above-market lease assets		1,593
	Below-market lease liabilities		(6,176		)
	Total acquired intangibles		3,631
	Total assets acquired, net		112,000
	Mortgage notes payable used to acquire investments in real estate		(60,000		)
	Other liabilities assumed		(843		)
	Cash paid for acquired real estate investments and other assets		$	51,157
	Number of properties and other investments purchased		1
	The following table presents future minimum base cash rental payments due to the Company, excluding future minimum base cash rental payments related to unconsolidated joint ventures, subsequent to June 30, 2014.  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
	July 1, 2014 - December 31, 2014	$	42,404
	2015	88,689
	2016	74,889
	2017	72,163
	2018	69,653
	Thereafter	467,819
		$	815,617
	The following table lists the 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 June 30, 2014 and 2013:
				June 30,
	Property Portfolio	Tenant		2014		2013
	Worldwide Plaza	Cravath, Swaine & Moore, LLP		18.30%		*
	Worldwide Plaza	Nomura Holding America, Inc.		12.40%		*
	229 West 36th Street	American Language Communication Center, Inc.		*		10.50%
	_____________________
	* 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 any 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 June 30, 2014 and 2013.

Investment_in_Unconsolidated_J

Investment in Unconsolidated Joint Venture	6 Months Ended
	Jun. 30, 2014
Equity Method Investments and Joint Ventures [Abstract]	'
Investment in Unconsolidated Joint Venture	'
	Investment in Unconsolidated Joint Venture
	On October 30, 2013, the Company purchased a 48.9% equity interest in WWP Holdings, LLC ("Worldwide Plaza") for a contract purchase price of $220.1 million. The purchase price reflected an agreed value for Worldwide Plaza of $1,325.0 million less $875.0 million of debt on the property. As of June 30, 2014, the Company's pro-rata portion of debt on Worldwide Plaza was $427.9 million. The debt on the property has a weighted average interest rate of 4.6% and matures in March 2023. The Company accounts for the investment in Worldwide Plaza using the equity method of accounting, because the Company exercises significant influence over, but does not control the entity. As of June 30, 2014, the carrying value of the Company's investment in Worldwide Plaza was $228.8 million.
	Pursuant to the terms of the membership agreement governing the Company’s purchase of the 48.9% equity interest in Worldwide Plaza, the Company retains an option to purchase the balance of the equity interest in Worldwide Plaza beginning 38 months following the closing of the acquisition at an agreed value of $1.4 billion, subject to certain adjustments, including adjustments for certain loans that are outstanding at the time of any exercise and adjustments for the percentage equity interest being acquired.
	At acquisition, the Company's investment in Worldwide Plaza exceeded the Company's share of the book value of the net assets of Worldwide Plaza by $260.6 million. This basis difference resulted from the excess of the Company's purchase price for the interest in the Worldwide Plaza over the book value of Worldwide Plaza's net assets. Substantially all of this basis difference was allocated, based on the Company's estimates of the fair values of Worldwide Plaza's assets and liabilities, to real estate (land and buildings). The Company amortizes the basis difference over the anticipated useful lives of the underlying tangible and intangible assets acquired and liabilities assumed.
	During the three and six months ended June 30, 2014, the Company recorded $3.2 million and $6.5 million of depreciation and amortization expense, respectively, in the consolidated statements of operations and comprehensive income (loss) relating to the amortization of the basis difference. The basis difference related to the land will be recognized upon disposition of the Company's investment. During the three and six months ended June 30, 2014, the Company recorded $4.2 million and $5.4 million of income, respectively, related to its investment in Worldwide Plaza, which includes $3.9 million and $7.7 million of preferred distributions earned, respectively, net of the Company's pro-rata share of Worldwide Plaza's net loss during the same period. The income related to the Company's investment in Worldwide Plaza is included in other income (expenses) on the consolidated statements of operations and comprehensive income (loss).
	The amounts reflected in the following tables (except for the Company’s share of equity and income) are based on the financial information of Worldwide Plaza. The Company does not record losses of the joint venture in excess of its investment balance unless the Company is liable for the obligations of the joint venture or is otherwise committed to provide financial support to the joint venture.
	The condensed balance sheets as of June 30, 2014 and December 31, 2013 for Worldwide Plaza are as follows:
	(In thousands)	June 30,			December 31,
		2014			2013
	Real estate assets, at cost	$	697,643		$	696,342
	Less accumulated depreciation and amortization	(87,351		)	(77,919		)
	Total real estate assets, net	610,292			618,423
	Other assets	253,620			248,048
	Total assets	$	863,912		$	866,471
	Debt	$	875,000		$	875,000
	Other liabilities	13,129			9,923
	Total liabilities	888,129			884,923
	Deficit	(24,217		)	(18,452		)
	Total liabilities and deficit	$	863,912		$	866,471
	Company's basis	$	228,834		$	234,774
	The condensed statement of operations for the three and six months ended June 30, 2014 for Worldwide Plaza is as follows:
		Three Months Ended			Six Months Ended
	(In thousands)	June 30, 2014			30-Jun-14
	Rental income	$	27,739		$	55,394
	Other revenue	1,229			2,444
	Total revenue	28,968			57,838
	Operating expenses:
	Operating expense	10,779			22,292
	Depreciation and amortization	6,260			12,628
	Total operating expenses	17,039			34,920
	Operating income	11,929			22,918
	Interest expense	(9,992		)	(19,874		)
	Net income	1,937			3,044
	Company's preferred distribution	(1,334		)	(7,745		)
	Net loss to members	$	603		$	(4,701	)
	Company's preferred distribution	$	3,894		$	7,745
	Company's share of net loss from Worldwide Plaza	(957		)	(2,299		)
	Reallocation of net loss to members	1,252			—
	Company's income from Worldwide Plaza	$	4,189		$	5,446

Preferred_Equity_Investment

Preferred Equity Investment	6 Months Ended
	Jun. 30, 2014
Equity [Abstract]	'
Preferred Equity Investment	'
	Preferred Equity Investment
	As of June 30, 2014 and December 31, 2013, the Company owned a preferred equity investment in an institutional quality office building located at 123 William Street in the Financial District of Downtown Manhattan. As of June 30, 2014, the preferred equity investment had a carrying amount of $33.6 million, a five-year term maturing in October 2018, a 0.75% origination fee, a 6.0% current pay rate, and a 2.0% accrual rate (the accrual rate will increase to 2.25% after year two, 2.75% after year three, and 3.25% after year four). The Company's preferred equity investment includes potential additional capital contributions not to exceed a total preferred equity investment of $40.0 million.
	The preferred equity investment has a fixed return based on contributed capital, no participation in profits or losses of the real estate activities, and property foreclosure rights in the event of default. As such, the Company records returns earned in income from preferred equity investment and investment securities on the consolidated statements of operations. The Company assesses the investment for impairment on a periodic basis.

Investment_Securities

Investment Securities	6 Months Ended
	Jun. 30, 2014
Investments, Debt and Equity Securities [Abstract]	'
Investment Securities	'
	Investment Securities
	As of June 30, 2014, the Company had investments in redeemable preferred stock and a real estate income fund, with a combined fair value of $4.4 million. The real estate income fund is managed by an affiliate of the Sponsor (see Note 14 — Related Party Transactions and Arrangements). 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 (loss) as a component of equity on the consolidated balance sheets unless the securities are considered to be other than temporarily impaired at which time the losses would be reclassified to expense.
	The following table details the unrealized gains and losses on investment securities as of June 30, 2014 and December 31, 2013:
	(In thousands)	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	30-Jun-14	$	4,288	$	125	$	(37	)	$	4,376
	31-Dec-13	$	1,288	$	—	$	(240	)	$	1,048
	Unrealized losses as of June 30, 2014 were considered temporary and therefore no impairment was recorded during the three and six months ended June 30, 2014.
	The Company's preferred stock investments are redeemable at the respective issuer's option after five years from issuance.

Credit_Facility

Credit Facility	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Credit Facility	'
	Credit Facility
	On March 30, 2012, the Company entered into a senior unsecured revolving credit facility with Capital One, National Association ("Capital One") in the amount of $40.0 million. On August 20, 2013, the Company entered into a $220.0 million credit facility with Capital One, which provided 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 contained 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. On December 23, 2013, the Company amended the credit facility to decrease the aggregate revolving loan borrowings to $50.0 million and increase the aggregate term loan borrowings to $340.0 million.
	On April 14, 2014, the Company entered into an amendment to the credit facility with Capital One ("Amended Facility"). The Amended Facility allows for total borrowings of up to $705.0 million with a $305.0 million term loan and a $400.0 million revolving loan. The term loan component of the Amended Facility matures in August 2018 and the revolving loan component matures in August 2016. The Amended Facility contains an "accordion feature" to allow the Company, under certain circumstances, to increase the aggregate loan borrowings to up to $1.0 billion of total borrowings.
	The Company has the option, based upon its corporate leverage, to have the Amended Facility priced at either: (a) LIBOR, plus an applicable margin that ranges from 1.50% to 2.25%; or (b) the Base Rate plus an applicable margin that ranges from 0.50% to 1.25%. Base Rate is defined in the Amended 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 of the term loan component of the Amended Facility as of June 30, 2014 and December 31, 2013 was $305.0 million, with a weighted average interest rate of 2.11% and 2.19%, respectively, a portion of which is fixed with an interest rate swap. The Amended Facility includes an unused commitment fee per annum of (a) 0.2% if the unused balance of the facility is equal to or less than 50% of the available facility and (b) 0.3% if the unused balance of the facility exceeds 50% of the available facility. The unused borrowing capacity, based on the value of the borrowing base properties as of June 30, 2014, was $107.3 million. Availability of borrowings is based on a pool of eligible unencumbered real estate assets.
	The Amended 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 Amended 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 Amended Facility and to accelerate the payment on any unpaid principal amount of all outstanding loans.
	The Amended 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 June 30, 2014, the Company was in compliance with the debt covenants under the Amended Facility agreement.

Mortgage_Notes_Payable

Mortgage Notes Payable	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Mortgage Notes Payable	'
	Mortgage Notes Payable
	The Company's mortgage notes payable as of June 30, 2014 and December 31, 2013 consist of the following:
					Outstanding Loan Amount
	Portfolio		Encumbered		June 30,		December 31,		Effective			Interest Rate	Maturity
			Properties		2014		2013		Interest Rate
					(In thousands)		(In thousands)
	Interior Design Building		1		$	20,392	$	20,582	4.4	%		Fixed	Dec. 2021
	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
	Washington Street Portfolio		1		4,787		4,831		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
	229 West 36th Street		1		35,000		35,000		2.9	%	(1)	Fixed	Dec. 2017
			14		$	172,482	$	172,716	3.6	%	(2)
	______________________
	-1	Fixed through an interest rate swap agreement.
	-2	Calculated on a weighted average basis for all mortgages outstanding as of June 30, 2014.
	The following table summarizes the scheduled aggregate principal repayments subsequent to June 30, 2014:
	(In thousands)		Future Minimum Principal Payments
	July 1, 2014 - December 31, 2014		$	239
	2015		21,794
	2016		28,167
	2017		102,730
	2018		4,573
	Thereafter		14,979
	Total		$	172,482
	Some of the Company's mortgage notes payable agreements require compliance with certain property-level financial covenants including debt service coverage ratios. As of June 30, 2014, the Company was in compliance with the financial covenants under its mortgage note agreements.

Subordinated_Listing_Distribut

Subordinated Listing Distribution Derivative	6 Months Ended
	Jun. 30, 2014
Subordinated Listing Distribution Derivative [Abstract]	'
Subordinated Listing Distribution Derivative	'
	Subordinated Listing Distribution Derivative
	Upon occurrence of the Listing, the New York Recovery Special Limited Partnership, LLC (the "SLP") became entitled to begin receiving distributions of net sale proceeds pursuant to its special limited partner interest in the OP (the "SLP Interest") in an aggregate amount that is evidenced by the issuance of a note by the OP (the "Listing Note"). The Listing Note is equal to 15.0% of the amount, if any, by which (a) the average market value of the Company’s outstanding common stock for the period 180 days to 210 days after Listing, plus dividends paid by the Company prior to Listing, exceeds (b) the sum of the total amount of capital raised from stockholders during the Company’s prior offering and the amount of cash flow necessary to generate a 6.0% annual cumulative, non-compounded return to such stockholders. Concurrently with the Listing, the Company, as general partner of the OP, caused the OP to enter into the Listing Note Agreement dated April 15, 2014 by and between the OP and the SLP (the "Listing Note Agreement"), and caused the OP to issue the Listing Note. The Listing Note is evidence of the SLP's right to receive distributions of net sales proceeds from the sale of the Company's real estate and real estate-related assets up to an aggregate amount equal to the principal balance of the Listing Note. Pursuant to the terms of the Partnership Agreement, the SLP has the right, but not the obligation, to convert all or a portion of the SLP interest into OP units which are convertible into shares of the Company's common stock.
	The principal amount of the Listing Note will be determinable based on the actual market value of the Company’s outstanding common stock for the period 180 days to 210 days after the Listing and therefore the principal amount of the Listing Note is not yet definitive. Until the amount of the Listing Note can be determined, the Listing Note is considered a derivative which is marked to fair value at each reporting date, with changes in the fair value recorded in the consolidated statements of operations and comprehensive income (loss). The Listing Note fair value as of June 30, 2014 was determined using a Monte Carlo simulation, which uses a combination of observable and unobservable inputs. As of June 30, 2014, the Listing Note had a fair value of $38.1 million. The final value of the Listing Note could differ materially from the current fair value. See Note 10 - Fair Value of Financial Instruments.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2014
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 instrument. This alternative approach also reflects the contractual terms of the instrument, as applicable, including the period to maturity, and may use observable market-based inputs, including interest rate curves and implied volatilities, and unobservable inputs, such as expected volatility. 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 interest rate swaps fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with those interest rate swaps 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 June 30, 2014 and December 31, 2013, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its interest rate swap positions and has determined that the credit valuation adjustments are not significant to the overall valuation of the Company's interest rate swaps. As a result, the Company has determined that its interest rate swap valuations in their entirety are classified in Level 2 of the fair value hierarchy.
	The valuation of interest rate swaps is determined using a discounted cash flow analysis on the expected cash flows. This analysis reflects the contractual terms of the interest rate swaps, 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 valuation of the Listing Note is determined using a Monte Carlo simulation. This analysis reflects the known inputs of the valuation of the Listing Note, including the gross share proceeds received and the sum of dividends paid prior to the Listing, as well as observable market-based inputs, including interest rate curves, and unobservable inputs, such as expected volatility. As a result, the Company has determined that its Listing Note valuation in its entirety is classified in Level 3 of the fair value hierarchy.
	The Company has investments in redeemable preferred stock and a real estate income fund 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 June 30, 2014 and December 31, 2013, 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
	June 30, 2014
	Interest rate swaps, net	$	—			$	(1,545	)		$	—			$	(1,545	)
	Investment securities	$	4,376			$	—			$	—			$	4,376
	Listing Note	$	—			$	—			$	(38,100	)		$	(38,100	)
	December 31, 2013
	Interest rate swaps, net	$	—			$	(385	)		$	—			$	(385	)
	Investment securities	$	1,048			$	—			$	—			$	1,048
	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 levels of the fair value hierarchy during the six months ended June 30, 2014.
	Level 3 valuations
	The following is a reconciliation of the beginning and ending balance for the changes in the instrument with Level 3 inputs in the fair value hierarchy for the six months ended June 30, 2014:
	(In thousands)	Listing Note
	Beginning balance as of December 31, 2013	$	—
	Fair value at issuance	29,400
	Fair value adjustment	8,700
	Ending balance as of June 30, 2014	$	38,100
	The following table provides quantitative information about the significant Level 3 input used (in thousands):
	Financial Instrument	Fair Value at June 30, 2014				Principal Valuation Technique		Unobservable Inputs		Input Value
	Listing Note	$	38,100			Monte Carlo Simulation		Expected volatility		29.30%
	The following discussion provides a description of the impact on a fair value measurement of a change in each unobservable input in isolation. For the relationship described below, the inverse relationship would also generally apply.
	Expected volatility is a measure of the variability in possible returns for an instrument, parameter or market index given how much the particular instrument, parameter or index changes in value over time. Generally, the higher the expected volatility of the underlying, the wider the range of potential future returns. An increase in expected volatility, in isolation, would generally result in an increase in the fair value measurement of an instrument.
	Financial instruments not carried at fair value
	The Company is required to disclose the fair value of financial instruments for which it is practicable to estimate the 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 dividends 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		June 30, 2014				June 30, 2014				December 31, 2013				December 31, 2013
	Mortgage notes payable	3		$	172,482			$	173,403			$	172,716			$	173,427
	Credit facility	3		$	305,000			$	305,000			$	305,000			$	305,000
	Preferred equity investment	3		$	33,600			$	33,600			$	30,000			$	30,000
	The fair value of mortgage notes payable, the fixed-rate portions of term loans on the credit facility, and the preferred equity investment 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.

Interest_Rate_Derivatives_and_

Interest Rate Derivatives and Hedging Activities	6 Months Ended
	Jun. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Interest Rate Derivatives and Hedging Activities	'
	Interest Rate 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.
	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 $2.1 million will be reclassified from other comprehensive income as an increase to interest expense.
	As of June 30, 2014 and December 31, 2013, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk.
		June 30, 2014						December 31, 2013
	Interest Rate Derivative	Number of		Notional Amount				Number of		Notional Amount
		Instruments						Instruments
				(In thousands)						(In thousands)
	Interest rate swaps	6		$	179,988			6		$	179,988
	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 June 30, 2014 and December 31, 2013:
	(In thousands)	Balance Sheet Location		June 30, 2014				December 31, 2013
	Derivatives designated as hedging instruments:
	Interest rate swaps	Derivative assets, at fair value		$	132			$	490
	Interest rate swaps	Derivative liabilities, at fair value		$	(1,677	)		$	(875	)
	Derivatives in Cash Flow Hedging Relationships
	The table below details the location in the financial statements of the income or loss recognized on interest rate derivatives designated as cash flow hedges for the three and six months ended June 30, 2014 and 2013:
		Three Months Ended June 30,								Six Months Ended June 30,
	(In thousands)	2014				2013				2014			2013
	Amount of income (loss) recognized in accumulated other comprehensive loss from interest rate derivatives (effective portion)	$	(1,575	)		$	1,734			$	(2,232	)	$	1,699
	Amount of loss reclassified from accumulated other comprehensive loss into income as interest expense (effective portion)	$	(540	)		$	(220	)		$	(1,071	)	$	(434	)
	Amount of income recognized in gain on derivative instruments (ineffective portion and amount excluded from effectiveness testing)	$	—			$	4			$	—		$	4
	Offsetting Derivatives
	The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of June 30, 2014 and December 31, 2013. 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
	June 30, 2014	$	132			$	(1,677	)		$	(1,545	)	$	—		$	—	$	(1,545	)
	December 31, 2013	$	490			$	(875	)		$	(385	)	$	—		$	—	$	(385	)
	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 June 30, 2014, 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 $1.8 million. As of June 30, 2014, 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 $1.8 million at June 30, 2014.

Common_Stock

Common Stock	6 Months Ended
	Jun. 30, 2014
Stockholders' Equity Note [Abstract]	'
Common Stock	'
	Common Stock
	The Company listed its common stock on the NYSE under the symbol "NYRT" on April 15, 2014. As of June 30, 2014 and December 31, 2013, the Company had 162.2 million and 174.1 million shares of common stock outstanding, respectively, including unvested restricted stock, converted preferred shares and shares issued under the distribution reinvestment plan (the "DRIP").
	On April 15, 2014, the Company commenced the Tender Offer. The Tender Offer was completed on May 12, 2014 with the Company purchasing approximately 14.2 million shares of its common stock at a price of $10.75 per share, for an aggregate of $152.3 million, excluding fees and expenses relating to the Tender Offer and including fractional shares repurchased thereafter. The Company funded the Tender Offer using cash on hand.
	On April 18, 2014, the Company filed a universal shelf registration statement that was declared effective. The Company intends to maintain the universal shelf registration statement to provide the Company flexibility in future capital raising activities.
	In September 2010, the Company's board of directors authorized, and the Company declared, dividends at a dividend rate equal to $0.605 per annum per share of common stock, commencing December 1, 2010.  The dividends were 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. In April 2014, the Company's board of directors authorized, and the Company declared, dividends at an annualized rate equal to $0.46 per share per annum beginning with the April 2014 dividend. Beginning in April 2014, dividends are paid to stockholders of record on the close of business on the 8th day of each month, payable on the 15th day of such month. The Company's board of directors may reduce the amount of dividends paid or suspend dividend payments at any time and therefore dividend payments are not assured.
	On March 31, 2014, the Company provided notice to its stockholders that, pursuant to the terms of the DRIP, the Company's board of directors approved an amendment to the DRIP that enables the Company to suspend the DRIP. Subsequently, the Company's board of directors approved the suspension of the DRIP, effective March 31, 2014. The final issuance of shares of common stock pursuant to the DRIP in connection with the Company’s March 2014 dividend was paid in April 2014.
	On March 31, 2014, the Company's board of directors approved the termination of the Company’s Share Repurchase Program (“SRP”). The Company processed all of the requests received under the SRP in the first quarter of 2014 and will not process further requests.
	The following table reflects the cumulative number of common shares repurchased as of December 31, 2013 and as of and for the six months ended June 30, 2014:
		Number of Requests	Number of Shares Repurchased	Average Price per Share
	Cumulative repurchases as of December 31, 2013	35	279,594	$	9.63
	Six months ended June 30, 2014	1	5,000	10
	Cumulative repurchases as of June 30, 2014	36	284,594	$	9.63

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies
	Future Minimum Lease Payments
	The Company has entered into lease agreements related to certain acquisitions under leasehold interest arrangements. The following table reflects the minimum base rental cash payments due from the Company over the next five years and thereafter under these arrangements. 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
	July 1, 2014 - December 31, 2014	$	1,693
	2015	4,555
	2016	4,991
	2017	4,991
	2018	5,175
	Thereafter, 2019 - 2050	260,549
		$	281,954
	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. 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. On October 30, 2013, the Court denied RXR’s preliminary injunction motion, and the transaction was thereafter consummated. On November 21, 2013 RXR filed an amended complaint adding the ARC Parties as parties to a permanent injunction claim that was previously asserted solely against the ARC Parties’ co-defendants. The ARC Parties filed a motion to dismiss the amended complaint on December 11, 2013. The motion was fully briefed on February 28, 2014. The court heard oral arguments on the motion to dismiss on May 8, 2014 and the Company is currently awaiting a ruling from the court. 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 financial statements for the six months ended June 30, 2014. As of June 30, 2014, there were no other 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 maintains environmental insurance for its properties that provides coverage for potential environmental liabilities, subject to the policy's coverage conditions and limitations. 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.

Related_Party_Transactions_and

Related Party Transactions and Arrangements	6 Months Ended
	Jun. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions and Arrangements	'
	Related Party Transactions and Arrangements
	The SLP, an entity controlled by the Sponsor, owned 20,000 shares of the Company's outstanding common stock as of June 30, 2014 and December 31, 2013.
	The Advisor, as the holder of Class B Units, had the right to make a capital contribution to the OP in exchange for OP units. Pursuant to a Contribution and Exchange Agreement entered into between the Advisor and the OP dated April 15, 2014, the Advisor contributed $0.8 million in cash to the OP in exchange for 83,333 OP units of the OP. See Note 18 - Non-controlling Interests.
	During the six months ended June 30, 2014, the Company invested $3.0 million in a real estate income fund managed by an affiliate of the Sponsor (see Note 6 — Investment Securities). There is no obligation to purchase any additional shares and the shares can be sold at any time.
	Fees Paid in Connection with the IPO
	The Dealer Manager and the Sponsor received fees and compensation in connection with the sale of the Company's common stock in the IPO. The Dealer Manager received a selling commission of up to 7.0% of gross offering proceeds before reallowance of commissions earned by participating broker-dealers. In addition, the Dealer Manager was permitted to re-allow a portion of 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				Six Months Ended					Payable as of
			June 30,				June 30,					June 30,		December 31,
	(In thousands)		2014		2013		2014			2013		2014		2013
	Total commissions and fees incurred from Dealer Manager		$	—	$	30,208	$	8		$	37,368	$	—	$	857
	The Advisor and its affiliates received compensation and reimbursement for services provided in connection with the IPO. Effective March 1, 2013, the Company began utilizing transfer agent services provided by an affiliate of the Dealer Manager. All offering costs related to the IPO incurred by the Company, or its affiliated entities, on behalf of the Company were 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 IPO as of and for the periods presented:
			Three Months Ended				Six Months Ended					Payable as of
			June 30,				June 30,					June 30,		December 31,
	(In thousands)		2014		2013		2014			2013		2014		2013
	Fees and expense reimbursements from the Advisor and Dealer Manager		$	—	$	711	$	—		$	1,407	$	—	$	416
	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. The total of all acquisition fees, acquisition expenses and any financing coordination fees (as described below) with respect to the Company's portfolio of investments or reinvestments did not exceed 4.5% of the contract purchase price of the Company's portfolio as measured at the close of the acquisition phase. On April 15, 2014, in conjunction with the Listing, the Company entered into the Sixth Amended and Restated Advisory Agreement (the "Amended Advisory Agreement") by and among the Company, the OP and the Advisor, which, among other things, terminates the acquisition fee 180 days after the Listing, or October 12, 2014 (the "Termination Date"), except for fees with respect to properties under contract, letter of intent or under negotiation as of the Termination Date.
	Until the Listing, the Company paid 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 was 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 did 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. As payment for this arrangement, the Company caused the OP 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 were intended to be profits interests and would vest, and no longer be subject to forfeiture, at such time as: (x) the value of the OP's assets plus all dividends 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"). The value of issued Class B units was determined and expensed when the Company deemed the achievement of the performance condition was probable, which occurred as of the Listing. As of April 15, 2014, in aggregate, the board of directors had approved the issuance of 1,188,667 Class B units to the Advisor in connection with this arrangement. The Advisor received dividends on unvested Class B units equal to the dividend rate received on the Company's common stock. Such dividends on issued Class B units are included in general and administrative expenses in the consolidated statement of operations and comprehensive income (loss). The performance condition related to these Class B units was satisfied upon completion of the Listing, which resulted in $11.5 million of expense on April 15, 2014, which is included in vesting of asset management fees expense in the consolidated statement of operations and comprehensive income (loss). On April 15, 2014, the Class B units were converted to OP units on a one-to-one basis.
	In accordance with the Amended Advisory Agreement, the asset management fee was reduced from 0.75% per annum to 0.50% per annum of the cost of assets up to $3.0 billion and 0.40% per annum of the cost of assets above $3.0 billion. The Amended Advisory Agreement also permits the asset management fee to be paid in the form of cash, OP units, and shares of restricted common stock of the Company, or a combination thereof, at the Advisor’s election.
	Unless the Company contracts with a third party, the Company pays the Property Manager a property management fee equal to: (i) for non-hotel properties, 4.0% of gross revenues from 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 also reimburses 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 pays the Property Manager an oversight fee equal to 1.0% of the gross revenues of the applicable property.
	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 pays the Advisor a financing coordination fee equal to 0.75% of the amount available or outstanding under such financing or such assumed debt. In accordance with the Amended Advisory Agreement, the financing coordination fee terminates on the Termination Date, except for fees with respect to properties under contract, letter of intent or under negotiation as of the Termination Date.
	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 were amortized over a six month period beginning in April 2013, the estimated remaining term of the IPO as of the date of the agreement. The Dealer Manager and its affiliates also provide transfer agency services, as well as transaction management and other professional services. These fees are also included in general and administrative expenses on the consolidated statements of operations and comprehensive income (loss) during the period the service was provided.
	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 June 30,									Six Months Ended June 30,									Payable as of
			2014				2013					2014				2013					June 30,		December 31,
	(In thousands)		Incurred		Forgiven		Incurred			Forgiven		Incurred		Forgiven		Incurred			Forgiven		2014		2013
	One-time fees and reimbursements:
	Acquisition fees and related cost reimbursements(1)		$	—	$	—	$	(2,512	)	$	—	$	—	$	—	$	(825	)	$	—	$	—	$	—
	Financing coordination fees		2,363		—		—			—		2,363		—		450			—		—		—
	Ongoing fees:
	Asset management fees (2)		2,274		—		—			—		2,274		—		—			—		2,274		—
	Transfer agent and other professional fees		1,041		—		—			—		1,627		—		—			—		499		—
	Property management and leasing fees		—		413		—			185		—		787		—			371		—		—
	Strategic advisory fees		—		—		454			—		—		—		605			—		—		—
	Dividends on Class B units		19		—		26			—		107		—		40			—		—		—
	Total related party operational fees and reimbursements		$	5,697	$	413	$	(2,032	)	$	185	$	6,371	$	787	$	270		$	371	$	2,773	$	—
	___________________________________________
	-1	In June 2013, the Advisor elected to reimburse the Company $2.5 million for insourced acquisition expenses and legal reimbursements incurred.
	-2	Prior to the Listing, the Company caused the OP to issue the Advisor restricted performance based Class B units for asset management services, which vested as of the Listing.
	The Company reimburses 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 six months ended June 30, 2014 or 2013.
	In order to improve operating cash flows and the ability to pay dividends from operating cash flows, the Advisor agreed to waive certain fees including property management fees during the three and six months ended June 30, 2014 and 2013. Because the Advisor waived certain fees, cash flow from operations that would have been paid to the Advisor was available to pay dividends 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 six months ended June 30, 2014 and 2013. These costs are presented net in the accompanying consolidated statements of operations and comprehensive income (loss).
			Three Months Ended June 30,				Six Months Ended June 30,
	(In thousands)		2014		2013		2014			2013
	Property operating expenses absorbed		$	—	$	—	$	—		$	—
	General and administrative expenses absorbed		1,041		600		1,041			950
	Total expenses absorbed		$	1,041	$	600	$	1,041		$	950
	The Company had a receivable from affiliates of $1.0 million at June 30, 2014 related to absorbed general and administrative expenses. The Company had no such receivables from affiliates at December 31, 2013.
	Fees Paid in Connection with the Liquidation or Listing of the Company's Real Estate Assets
	In December 2013, the Company entered into a transaction management agreement with RCS Advisory Services, LLC, an entity owned by the Dealer Manager, to provide strategic alternatives transaction management services through the occurrence of a liquidity event and a-la-carte services thereafter. The Company agreed to pay $3.0 million pursuant to this agreement. For the three and six months ended June 30, 2014, the Company incurred $1.5 million of expenses pursuant to this agreement, including amounts for services provided in preparation for the Listing, and is included in acquisition and transaction related costs in the consolidated statement of operations. The Company incurred $1.5 million in fees pursuant to this arrangement during the year ended December 31, 2013 which were included in acquisition and transaction related costs in the consolidated statement of operations. Thus, the Company does not owe the Dealer Manager any more fees pursuant to this agreement.
	In December 2013, the Company entered into an information agent and advisory services agreement with the Dealer Manager and American National Stock Transfer, LLC, an entity owned by the Dealer Manager, to provide in connection with a liquidity event, advisory services, educational services to external and internal wholesalers, communication support as well as proxy, tender offer or redemption and solicitation services. The Company agreed to pay $1.9 million pursuant to this agreement. For the three and six months ended June 30, 2014, the Company incurred $0.7 million and $1.3 million, respectively, of expenses pursuant to this agreement, which includes amounts for services provided in preparation for the Tender Offer, and is included in additional paid-in capital on the accompanying consolidated balance sheet. The Company incurred $0.6 million in fees pursuant to this arrangement during the year ended December 31, 2013 which were included in acquisition and transaction related costs in the consolidated statement of operations.
	In December 2013, the Company entered into an agreement with RCS Capital, LLC, the investment banking and capital markets division of the Dealer Manager, for strategic and financial advice and assistance in connection with (i) a possible sale transaction involving the Company (ii) the possible listing of the Company’s securities on a national securities exchange, and (iii) a possible acquisition transaction involving the Company. The Dealer Manager received a transaction fee equal to 0.25% of the transaction value in connection with the possible sale transaction, listing or acquisition. In April 2014, in connection with the Listing, the Company incurred and paid $6.9 million in connection with this agreement.
	During the three and six months ended June 30, 2014, the Company incurred $0.6 million of expenses with affiliated entities relating to general legal, marketing and sales services provided in connection with the Listing. These expenses are included in acquisition and transaction related costs in the consolidated statement of operations. During the three and six months ended June 30, 2014, the Company also incurred approximately $9,000 of expenses with affiliated entities relating to general legal services provided in connection with the Tender Offer. These expenses are included in additional paid-in capital on the accompanying consolidated balance sheets. As of June 30, 2014, there was $0.2 million in accounts payable and accrued expenses on the accompanying balance sheets relating to these Listing and Tender Offer expenses.
	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 six months ended June 30, 2014 and 2013.
	In connection with the Listing, the OP entered into the Listing Note. See Note 9 - Subordinated Listing Distribution Derivative.
	In connection with the Listing and the Amended Advisory Agreement, the Company terminated the subordinated termination fee that would be due to the Advisor in the event of termination of the advisory agreement.

Economic_Dependency

Economic Dependency	6 Months Ended
	Jun. 30, 2014
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 control 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	6 Months Ended
	Jun. 30, 2014
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 was previously fixed at $10.00 per share until the termination of the IPO, and the current 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 June 30, 2014 and December 31, 2013, no stock options were issued under the Plan.
	Restricted Share Plan
	The Company's employee and director incentive restricted share plan ("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.
	Prior to April 29, 2014, the RSP provided 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 vested over a five-year period following the first anniversary of the date of grant in increments of 20% per annum. On April 29, 2014, the Company amended the RSP to, among other things, remove the fixed amount of shares that are automatically granted to the independent directors and remove the fixed vesting period of five years. Under the amended RSP, the annual amount granted to the independent directors is determined by the board of directors. Under the amended RSP, 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.
	Prior to March 31, 2014, the total number of shares of common stock granted under the RSP could not exceed 5.0% of the Company's outstanding shares on a fully diluted basis at any time, and in any event could not exceed 7.5 million shares (as such number may be adjusted for stock splits, stock dividends, combinations and similar events). On March 31, 2014, the Company adopted an amendment to the Company’s RSP to increase the number of shares of the Company capital stock, par value $0.01 per share, available for awards thereunder to 10% of the Company’s outstanding shares of capital stock on a fully diluted basis at any time. The amendment also eliminated the RSP limit of 7.5 million shares of capital stock.
	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 dividends prior to the time that the restrictions on the restricted shares have lapsed. Any dividends 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 six months ended June 30, 2014:
		Number of Restricted Shares			Weighted-Average Issue Price
	Unvested, December 31, 2013	24,000			$	9.33
	Granted	214,019			9.11
	Vested(1)	(24,000	)		9.33
	Forfeited	—			—
	Unvested, June 30, 2014	214,019			$	9.11
	___________________________________________
	-1	Previously granted unvested restricted stock outstanding vested as of the Listing.
	The fair value of the restricted shares, based on the per share price in the IPO or the per share closing price on the NYSE subsequent to the IPO, is expensed over the vesting period of three or five years. Compensation expense related to restricted stock was $0.3 million and approximately $12,000 for the three months ended June 30, 2014 and 2013, respectively. Compensation expense related to restricted stock was $0.3 million and approximately $24,000 for the six months ended June 30, 2014 and 2013, respectively.
	As of June 30, 2014, the Company had $1.9 million of unrecognized compensation cost related to unvested restricted share awards granted under the Company’s RSP.
	Multi-Year Outperformance Plan Agreement
	On April 15, 2014 (the "Effective Date") in connection with the Listing, the Company entered into the OPP with the OP and the Advisor. Under the OPP, the Advisor was issued 8,880,579 long term incentive plan ("LTIP") units in the OP with a maximum award value on the issuance date equal to 5.0% of the Company’s market capitalization (the “OPP Cap”). The LTIP units are structured as profits interest in the OP.
	The Advisor will be eligible to earn a number of LTIP units with a value equal to a portion of the OPP Cap upon the first, second and third anniversaries of the Effective Date based on the Company’s achievement of certain levels of total return to its stockholders (“Total Return”), including both share price appreciation and common stock dividends, as measured against a peer group of companies, as set forth below, for the three-year performance period commencing on the Effective Date (the “Three-year Period”); each 12-month period during the Three-Year Period (the “One-Year Periods”); and the initial 24-month period of the Three-Year Period (the “Two-Year Period”), as follows:
					Performance Period		Annual Period		Interim Period
	Absolute Component: 4% of any excess Total Return attained above an absolute hurdle measured from the beginning of such period:				21%		7%		14%
	Relative Component: 4% of any excess Total Return attained above the Total Return for the performance period of the Peer Group*, subject to a ratable sliding scale factor as follows based on achievement of cumulative Total Return measured from the beginning of such period:
		•	100% will be earned if cumulative Total Return achieved is at least:		18%		6%		12%
		•	50% will be earned if cumulative Total Return achieved is:		—%		—%		—%
		•	0% will be earned if cumulative Total Return achieved is less than:		—%		—%		—%
		•	a percentage from 50% to 100% calculated by linear interpolation will be earned if the cumulative Total Return achieved is between:		0% - 18%		0% - 6%		0% - 12%
	______________________
	*The “Peer Group” is comprised of the companies in the SNL US REIT Office Index.
	The potential outperformance award is calculated at the end of each One-Year Period, the Two-Year Period and the Three-Year Period. The award earned for the Three-Year Period is based on the formula in the table above less any awards earned for the Two-Year Period and One-Year Periods, but not less than zero; the award earned for the Two-Year Period is based on the formula in the table above less any award earned for the first and second One-Year Period, but not less than zero. Any LTIP Units that are unearned at the end of the Performance Period will be forfeited.
	Subject to the Advisor’s continued service through each vesting date, one third of any earned LTIP units will vest on each of the third, fourth and fifth anniversaries of the Effective Date. Until such time as the LTIP Units are fully vested in accordance with the provisions of the OPP, the LTIP Units are entitled to dividends equal to 10% of the dividends made on OP units. After the LTIP Units are fully vested, they are entitled to a catch-up dividend and then the same dividends as the OP units. At the time the Advisor’s capital account with respect to the LTIP Units is economically equivalent to the average capital account balance of the OP units and has been earned and has been vested for 30 days, the applicable LTIP Units will automatically convert into OP units on a one-to-one basis. The OPP provides for early calculation of LTIP Units earned and for the accelerated vesting of any earned LTIP Units in the event Advisor is terminated or in the event the Company incurs a change in control, in either case prior to the end of the Three-Year Period.
	The Company records equity based compensation expense associated with the awards over the requisite service period of five years. Equity-based compensation expense is adjusted each reporting period for changes in the estimated market-related performance. Compensation expense related to the OPP was $1.8 million for the three and six months ended June 30, 2014.
	The valuation of the OPP is determined using a Monte Carlo simulation. This analysis reflects the contractual terms of the OPP, including the performance periods and total return hurdles, as well as observable market-based inputs, including interest rate curves, and unobservable inputs, such as expected volatility. As a result, the Company has determined that its OPP valuation in its entirety is classified in Level 3 of the fair value hierarchy.
	The following table presents information about the Company's OPP, which is measured at fair value on a recurring basis as of June 30, 2014, aggregated by the level in the fair value hierarchy within which the instrument falls:
	(In thousands)		Quoted Prices in Active Markets				Significant Other Observable Inputs			Significant Unobservable Inputs			Total
			Level 1				Level 2			Level 3
	June 30, 2014
	OPP		$	—			$	—		$	(33,500	)	$	(33,500	)
	Level 3 valuations
	The following is a reconciliation of the beginning and ending balance for the changes in instruments with Level 3 inputs in the fair value hierarchy for the six months ended June 30, 2014:
	(In thousands)		OPP
	Beginning balance as of December 31, 2013		$	—
	Fair value at issuance		31,500
	Fair value adjustment		2,000
	OPP amortization		(1,802		)
	Unamortized balance as of June 30, 2014		$	31,698
	The following table provides quantitative information about significant Level 3 input used:
	Financial Instrument		Fair Value at June 30, 2014				Principal Valuation Technique		Unobservable Inputs	Input Value
			(In thousands)
	OPP		$	33,500			Monte Carlo Simulation		Expected volatility	34.00%
	The following discussion provides a description of the impact on a fair value measurement of a change in each unobservable input in isolation. For the relationship described below, the inverse relationship would also generally apply.
	Expected volatility is a measure of the variability in possible returns for an instrument, parameter or market index given how much the particular instrument, parameter or index changes in value over time. Generally, the higher the expected volatility of the underlying, the wider the range of potential future returns. An increase in expected volatility, in isolation, would generally result in an increase in the fair value measurement of an instrument.
	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:
			Six Months Ended June 30,
			2014				2013
	Shares issued in lieu of cash		—				2,500
	Value of shares issued in lieu of cash (in thousands)		$	—			$	23

Net_Loss_Per_Share

Net Loss Per Share	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Net Loss Per Share	'
	Net Loss Per Share
	The following is a summary of the basic and diluted net income (loss) per share computations for the periods presented:
		Three Months Ended June 30,							Six Months Ended June 30,
	(In thousands, except share and per share data)	2014				2013			2014			2013
	Basic net income (loss) attributable to stockholders	$	(67,237	)		$	2,019		$	(75,393	)	$	(775	)
	Adjustments to net income (loss) attributable to stockholders for common share equivalents	—				(223		)	—			—
	Net income (loss) attributable to stockholders	$	(67,237	)		$	1,796		$	(75,393	)	$	(775	)
	Basic weighted average shares outstanding	168,972,601				41,982,278			172,003,465			32,651,655
	Basic net income (loss) per share attributable to stockholders	$	(0.40	)		$	0.05		$	(0.44	)	$	(0.02	)
	Diluted weighted average shares outstanding	168,972,601				42,001,432			172,003,465			32,651,655
	Diluted net income (loss) per share attributable to stockholders	$	(0.40	)		$	0.04		$	(0.44	)	$	(0.02	)
	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, OP units and Class B units to be common share equivalents. The Company had the following common share equivalents as of June 30, 2014 and 2013, which were excluded from the calculation of diluted loss per share attributable to stockholders as the effect would have been antidilutive:
		Six Months Ended June 30,
		2014			2013
	Unvested restricted stock	214,019			25,800
	OP units	1,272,200			200
	Class B units	—			208,187
	Total anti-dilutive common share equivalents	1,486,219			234,187

Noncontrolling_Interests

Non-controlling Interests	6 Months Ended
	Jun. 30, 2014
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, held 200 OP units as of December 31, 2013, which represented a nominal percentage of the aggregate OP ownership. On April 15, 2014, 1,188,667 Class B units that were previously issued to the Advisor for asset management fees were converted to OP units on a one-to-one basis. Additionally, the Advisor, as the holder of Class B Units, had the right to make a capital contribution to the OP in exchange for OP units. Pursuant to a Contribution and Exchange Agreement entered into between the Advisor and the OP dated April 15, 2014, the Advisor contributed $0.8 million in cash to the OP in exchange for 83,333 OP units of the OP. As of June 30, 2014, the Advisor held 1,272,200 OP units. There were $0.1 million of OP unit dividends to the Advisor during the three and six months ended June 30, 2014.
	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 a corresponding number of shares of the Company's common stock, at the Company's election, 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.
	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 had the sole voting rights and was the controlling member of the limited liability company that owns the Bleecker Street properties. The non-controlling members' aggregate initial investment balance of $13.0 million was reduced by the monthly distributions paid to each non-controlling member.  There were approximately $35,000 of distributions to non-controlling members during the six months ended June 30, 2013. The Company fully redeemed the related party's and third party's non-controlling interest in Bleecker Street in June 2012 and December 2013, respectively.
	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 six months ended June 30, 2014.

Subsequent_Events

Subsequent Events	6 Months Ended
	Jun. 30, 2014
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.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Listing Note	'
	Listing Note
	Concurrently with the Listing, the Company caused the OP to issue the Listing Note (see Note 9 - Subordinated Listing Distribution Derivative). The Listing Note value will be determined, in part, based on the average market value of the Company’s outstanding common stock for the period 180 days to 210 days after the Listing. Until the principal amount of the Listing Note is determined, the Listing Note is treated as a derivative and the Company estimates the contingent consideration using a valuation model and records the fair value of the Listing Note on the consolidated balance sheets. The initial fair value and subsequent changes in fair value are recorded in the consolidated statements of operations.
Multi-Year Outperformance Agreement	'
	Multi-Year Outperformance Agreement
	On April 15, 2014 (the "Effective Date"), in connection with the Listing, the Company entered into a Multi-Year Outperformance Agreement (the “OPP”) with the OP and the Advisor. See Note 16 - Share-Based Compensation.
Tender Offer	'
	Tender Offer
	The Company recorded the excess of the cost of the tendered shares over its par value to additional paid-in capital.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	In February 2013, the Financial Accounting Standards Board ("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 adoption of this guidance did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In April 2014, the FASB amended the requirements for reporting discontinued operations. Under the revised guidance, in addition to other disclosure requirements, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results when the component or group of components meets the criteria to be classified as held for sale, disposed of by sale or other than by sale. The Company has adopted the provisions of this guidance effective January 1, 2014, and has applied the provisions prospectively. 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 May 2014, the FASB issued revised guidance relating to revenue recognition. Under the revised guidance, an entity is required to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The revised guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is not permitted under GAAP. The revised guidance allows entities to apply the full retrospective or modified retrospective transition method upon adoption. The Company has not yet selected a transition method and is currently evaluating the impact of the new guidance.

Real_Estate_Investments_Tables

Real Estate Investments (Tables)	6 Months Ended
	Jun. 30, 2014
Real Estate [Abstract]	'
Assets and Liabilities Assumed	'
	The following table presents the allocation of the assets acquired and liabilities assumed during the six months ended June 30, 2013. There were no assets acquired and liabilities assumed during the six months ended June 30, 2014.
		Six Months Ended
	(Dollar amounts in thousands)		June 30, 2013
	Real estate investments, at cost:
	Land		$	17,500
	Buildings, fixtures and improvements		90,869
	Total tangible assets		108,369
	Acquired intangibles:
	In-place leases		8,214
	Above-market lease assets		1,593
	Below-market lease liabilities		(6,176		)
	Total acquired intangibles		3,631
	Total assets acquired, net		112,000
	Mortgage notes payable used to acquire investments in real estate		(60,000		)
	Other liabilities assumed		(843		)
	Cash paid for acquired real estate investments and other assets		$	51,157
	Number of properties and other investments purchased		1
Schedule of Future Minimum Rental Payments for Operating Leases	'
	The following table presents future minimum base cash rental payments due to the Company, excluding future minimum base cash rental payments related to unconsolidated joint ventures, subsequent to June 30, 2014.  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
	July 1, 2014 - December 31, 2014	$	42,404
	2015	88,689
	2016	74,889
	2017	72,163
	2018	69,653
	Thereafter	467,819
		$	815,617
Schedule of Annualized Rental Income by Major Tenants	'
	The following table lists the 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 June 30, 2014 and 2013:
				June 30,
	Property Portfolio	Tenant		2014		2013
	Worldwide Plaza	Cravath, Swaine & Moore, LLP		18.30%		*
	Worldwide Plaza	Nomura Holding America, Inc.		12.40%		*
	229 West 36th Street	American Language Communication Center, Inc.		*		10.50%
	_____________________
	* 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_in_Unconsolidated_J1

Investment in Unconsolidated Joint Venture (Tables)	6 Months Ended
	Jun. 30, 2014
Equity Method Investments and Joint Ventures [Abstract]	'
Condensed Balance Sheet	'
	The condensed balance sheets as of June 30, 2014 and December 31, 2013 for Worldwide Plaza are as follows:
	(In thousands)	June 30,			December 31,
		2014			2013
	Real estate assets, at cost	$	697,643		$	696,342
	Less accumulated depreciation and amortization	(87,351		)	(77,919		)
	Total real estate assets, net	610,292			618,423
	Other assets	253,620			248,048
	Total assets	$	863,912		$	866,471
	Debt	$	875,000		$	875,000
	Other liabilities	13,129			9,923
	Total liabilities	888,129			884,923
	Deficit	(24,217		)	(18,452		)
	Total liabilities and deficit	$	863,912		$	866,471
	Company's basis	$	228,834		$	234,774
Condensed Income Statement	'
	The condensed statement of operations for the three and six months ended June 30, 2014 for Worldwide Plaza is as follows:
		Three Months Ended			Six Months Ended
	(In thousands)	June 30, 2014			30-Jun-14
	Rental income	$	27,739		$	55,394
	Other revenue	1,229			2,444
	Total revenue	28,968			57,838
	Operating expenses:
	Operating expense	10,779			22,292
	Depreciation and amortization	6,260			12,628
	Total operating expenses	17,039			34,920
	Operating income	11,929			22,918
	Interest expense	(9,992		)	(19,874		)
	Net income	1,937			3,044
	Company's preferred distribution	(1,334		)	(7,745		)
	Net loss to members	$	603		$	(4,701	)
	Company's preferred distribution	$	3,894		$	7,745
	Company's share of net loss from Worldwide Plaza	(957		)	(2,299		)
	Reallocation of net loss to members	1,252			—
	Company's income from Worldwide Plaza	$	4,189		$	5,446

Investment_Securities_Tables

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2014
Investments, Debt and Equity Securities [Abstract]	'
Schedule of Available-for-sale Securities Reconciliation	'
	The following table details the unrealized gains and losses on investment securities as of June 30, 2014 and December 31, 2013:
	(In thousands)	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	30-Jun-14	$	4,288	$	125	$	(37	)	$	4,376
	31-Dec-13	$	1,288	$	—	$	(240	)	$	1,048

Mortgage_Notes_Payable_Tables

Mortgage Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of Mortgage Notes Payable	'
	The Company's mortgage notes payable as of June 30, 2014 and December 31, 2013 consist of the following:
					Outstanding Loan Amount
	Portfolio		Encumbered		June 30,		December 31,		Effective			Interest Rate	Maturity
			Properties		2014		2013		Interest Rate
					(In thousands)		(In thousands)
	Interior Design Building		1		$	20,392	$	20,582	4.4	%		Fixed	Dec. 2021
	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
	Washington Street Portfolio		1		4,787		4,831		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
	229 West 36th Street		1		35,000		35,000		2.9	%	(1)	Fixed	Dec. 2017
			14		$	172,482	$	172,716	3.6	%	(2)
	______________________
	-1	Fixed through an interest rate swap agreement.
	-2	Calculated on a weighted average basis for all mortgages outstanding as of June 30, 2014.
Schedule Of Aggregate Principal Payments On Mortgages	'
	The following table summarizes the scheduled aggregate principal repayments subsequent to June 30, 2014:
	(In thousands)		Future Minimum Principal Payments
	July 1, 2014 - December 31, 2014		$	239
	2015		21,794
	2016		28,167
	2017		102,730
	2018		4,573
	Thereafter		14,979
	Total		$	172,482

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2014
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 June 30, 2014 and December 31, 2013, 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
	June 30, 2014
	Interest rate swaps, net	$	—			$	(1,545	)		$	—			$	(1,545	)
	Investment securities	$	4,376			$	—			$	—			$	4,376
	Listing Note	$	—			$	—			$	(38,100	)		$	(38,100	)
	December 31, 2013
	Interest rate swaps, net	$	—			$	(385	)		$	—			$	(385	)
	Investment securities	$	1,048			$	—			$	—			$	1,048
	The following table presents information about the Company's OPP, which is measured at fair value on a recurring basis as of June 30, 2014, aggregated by the level in the fair value hierarchy within which the instrument falls:
	(In thousands)	Quoted Prices in Active Markets				Significant Other Observable Inputs				Significant Unobservable Inputs				Total
		Level 1				Level 2				Level 3
	June 30, 2014
	OPP	$	—			$	—			$	(33,500	)		$	(33,500	)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	'
	The following is a reconciliation of the beginning and ending balance for the changes in the instrument with Level 3 inputs in the fair value hierarchy for the six months ended June 30, 2014:
	(In thousands)	Listing Note
	Beginning balance as of December 31, 2013	$	—
	Fair value at issuance	29,400
	Fair value adjustment	8,700
	Ending balance as of June 30, 2014	$	38,100
	The following is a reconciliation of the beginning and ending balance for the changes in instruments with Level 3 inputs in the fair value hierarchy for the six months ended June 30, 2014:
	(In thousands)	OPP
	Beginning balance as of December 31, 2013	$	—
	Fair value at issuance	31,500
	Fair value adjustment	2,000
	OPP amortization	(1,802		)
	Unamortized balance as of June 30, 2014	$	31,698
Share-Based Compensation	'
	The following table provides quantitative information about the significant Level 3 input used (in thousands):
	Financial Instrument	Fair Value at June 30, 2014				Principal Valuation Technique		Unobservable Inputs		Input Value
	Listing Note	$	38,100			Monte Carlo Simulation		Expected volatility		29.30%
	The following table provides quantitative information about significant Level 3 input used:
	Financial Instrument	Fair Value at June 30, 2014				Principal Valuation Technique		Unobservable Inputs		Input Value
		(In thousands)
	OPP	$	33,500			Monte Carlo Simulation		Expected volatility		34.00%
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		June 30, 2014				June 30, 2014				December 31, 2013				December 31, 2013
	Mortgage notes payable	3		$	172,482			$	173,403			$	172,716			$	173,427
	Credit facility	3		$	305,000			$	305,000			$	305,000			$	305,000
	Preferred equity investment	3		$	33,600			$	33,600			$	30,000			$	30,000

Interest_Rate_Derivatives_and_1

Interest Rate Derivatives and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Schedule of Interest Rate Derivatives	'
	As of June 30, 2014 and December 31, 2013, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk.
		June 30, 2014						December 31, 2013
	Interest Rate Derivative	Number of		Notional Amount				Number of		Notional Amount
		Instruments						Instruments
				(In thousands)						(In thousands)
	Interest rate swaps	6		$	179,988			6		$	179,988
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 June 30, 2014 and December 31, 2013:
	(In thousands)	Balance Sheet Location		June 30, 2014				December 31, 2013
	Derivatives designated as hedging instruments:
	Interest rate swaps	Derivative assets, at fair value		$	132			$	490
	Interest rate swaps	Derivative liabilities, at fair value		$	(1,677	)		$	(875	)
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	'
	The table below details the location in the financial statements of the income or loss recognized on interest rate derivatives designated as cash flow hedges for the three and six months ended June 30, 2014 and 2013:
		Three Months Ended June 30,								Six Months Ended June 30,
	(In thousands)	2014				2013				2014			2013
	Amount of income (loss) recognized in accumulated other comprehensive loss from interest rate derivatives (effective portion)	$	(1,575	)		$	1,734			$	(2,232	)	$	1,699
	Amount of loss reclassified from accumulated other comprehensive loss into income as interest expense (effective portion)	$	(540	)		$	(220	)		$	(1,071	)	$	(434	)
	Amount of income recognized in gain on derivative instruments (ineffective portion and amount excluded from effectiveness testing)	$	—			$	4			$	—		$	4
Offsetting Liabilities	'
	The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of June 30, 2014 and December 31, 2013. 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
	June 30, 2014	$	132			$	(1,677	)		$	(1,545	)	$	—		$	—	$	(1,545	)
	December 31, 2013	$	490			$	(875	)		$	(385	)	$	—		$	—	$	(385	)

Common_Stock_Tables

Common Stock (Tables)	6 Months Ended
	Jun. 30, 2014
Stockholders' Equity Note [Abstract]	'
Schedule of Share Repurchases	'
	The following table reflects the cumulative number of common shares repurchased as of December 31, 2013 and as of and for the six months ended June 30, 2014:
		Number of Requests	Number of Shares Repurchased	Average Price per Share
	Cumulative repurchases as of December 31, 2013	35	279,594	$	9.63
	Six months ended June 30, 2014	1	5,000	10
	Cumulative repurchases as of June 30, 2014	36	284,594	$	9.63

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [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 these arrangements. 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
	July 1, 2014 - December 31, 2014	$	1,693
	2015	4,555
	2016	4,991
	2017	4,991
	2018	5,175
	Thereafter, 2019 - 2050	260,549
		$	281,954

Related_Party_Transactions_and1

Related Party Transactions and Arrangements (Tables)	6 Months Ended
	Jun. 30, 2014
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				Six Months Ended					Payable as of
			June 30,				June 30,					June 30,		December 31,
	(In thousands)		2014		2013		2014			2013		2014		2013
	Total commissions and fees incurred from Dealer Manager		$	—	$	30,208	$	8		$	37,368	$	—	$	857
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 IPO as of and for the periods presented:
			Three Months Ended				Six Months Ended					Payable as of
			June 30,				June 30,					June 30,		December 31,
	(In thousands)		2014		2013		2014			2013		2014		2013
	Fees and expense reimbursements from the Advisor and Dealer Manager		$	—	$	711	$	—		$	1,407	$	—	$	416
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 June 30,									Six Months Ended June 30,									Payable as of
			2014				2013					2014				2013					June 30,		December 31,
	(In thousands)		Incurred		Forgiven		Incurred			Forgiven		Incurred		Forgiven		Incurred			Forgiven		2014		2013
	One-time fees and reimbursements:
	Acquisition fees and related cost reimbursements(1)		$	—	$	—	$	(2,512	)	$	—	$	—	$	—	$	(825	)	$	—	$	—	$	—
	Financing coordination fees		2,363		—		—			—		2,363		—		450			—		—		—
	Ongoing fees:
	Asset management fees (2)		2,274		—		—			—		2,274		—		—			—		2,274		—
	Transfer agent and other professional fees		1,041		—		—			—		1,627		—		—			—		499		—
	Property management and leasing fees		—		413		—			185		—		787		—			371		—		—
	Strategic advisory fees		—		—		454			—		—		—		605			—		—		—
	Dividends on Class B units		19		—		26			—		107		—		40			—		—		—
	Total related party operational fees and reimbursements		$	5,697	$	413	$	(2,032	)	$	185	$	6,371	$	787	$	270		$	371	$	2,773	$	—
	___________________________________________
	-1	In June 2013, the Advisor elected to reimburse the Company $2.5 million for insourced acquisition expenses and legal reimbursements incurred.
	-2	Prior to the Listing, the Company caused the OP to issue the Advisor restricted performance based Class B units for asset management services, which vested as of the Listing.
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 six months ended June 30, 2014 and 2013. These costs are presented net in the accompanying consolidated statements of operations and comprehensive income (loss).
			Three Months Ended June 30,				Six Months Ended June 30,
	(In thousands)		2014		2013		2014			2013
	Property operating expenses absorbed		$	—	$	—	$	—		$	—
	General and administrative expenses absorbed		1,041		600		1,041			950
	Total expenses absorbed		$	1,041	$	600	$	1,041		$	950

ShareBased_Compensation_Tables

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	'
	The following table displays restricted share award activity during the six months ended June 30, 2014:
		Number of Restricted Shares			Weighted-Average Issue Price
	Unvested, December 31, 2013	24,000			$	9.33
	Granted	214,019			9.11
	Vested(1)	(24,000	)		9.33
	Forfeited	—			—
	Unvested, June 30, 2014	214,019			$	9.11
	___________________________________________
	-1	Previously granted unvested restricted stock outstanding vested as of the Listing.
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Performance-Based Units, Performance Schedule	'
	The Advisor will be eligible to earn a number of LTIP units with a value equal to a portion of the OPP Cap upon the first, second and third anniversaries of the Effective Date based on the Company’s achievement of certain levels of total return to its stockholders (“Total Return”), including both share price appreciation and common stock dividends, as measured against a peer group of companies, as set forth below, for the three-year performance period commencing on the Effective Date (the “Three-year Period”); each 12-month period during the Three-Year Period (the “One-Year Periods”); and the initial 24-month period of the Three-Year Period (the “Two-Year Period”), as follows:
					Performance Period		Annual Period		Interim Period
	Absolute Component: 4% of any excess Total Return attained above an absolute hurdle measured from the beginning of such period:				21%		7%		14%
	Relative Component: 4% of any excess Total Return attained above the Total Return for the performance period of the Peer Group*, subject to a ratable sliding scale factor as follows based on achievement of cumulative Total Return measured from the beginning of such period:
		•	100% will be earned if cumulative Total Return achieved is at least:		18%		6%		12%
		•	50% will be earned if cumulative Total Return achieved is:		—%		—%		—%
		•	0% will be earned if cumulative Total Return achieved is less than:		—%		—%		—%
		•	a percentage from 50% to 100% calculated by linear interpolation will be earned if the cumulative Total Return achieved is between:		0% - 18%		0% - 6%		0% - 12%
	______________________
	*The “Peer Group” is comprised of the companies in the SNL US REIT Office Index.
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 June 30, 2014 and December 31, 2013, 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
	June 30, 2014
	Interest rate swaps, net		$	—			$	(1,545	)	$	—		$	(1,545	)
	Investment securities		$	4,376			$	—		$	—		$	4,376
	Listing Note		$	—			$	—		$	(38,100	)	$	(38,100	)
	December 31, 2013
	Interest rate swaps, net		$	—			$	(385	)	$	—		$	(385	)
	Investment securities		$	1,048			$	—		$	—		$	1,048
	The following table presents information about the Company's OPP, which is measured at fair value on a recurring basis as of June 30, 2014, aggregated by the level in the fair value hierarchy within which the instrument falls:
	(In thousands)		Quoted Prices in Active Markets				Significant Other Observable Inputs			Significant Unobservable Inputs			Total
			Level 1				Level 2			Level 3
	June 30, 2014
	OPP		$	—			$	—		$	(33,500	)	$	(33,500	)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	'
	The following is a reconciliation of the beginning and ending balance for the changes in the instrument with Level 3 inputs in the fair value hierarchy for the six months ended June 30, 2014:
	(In thousands)		Listing Note
	Beginning balance as of December 31, 2013		$	—
	Fair value at issuance		29,400
	Fair value adjustment		8,700
	Ending balance as of June 30, 2014		$	38,100
	The following is a reconciliation of the beginning and ending balance for the changes in instruments with Level 3 inputs in the fair value hierarchy for the six months ended June 30, 2014:
	(In thousands)		OPP
	Beginning balance as of December 31, 2013		$	—
	Fair value at issuance		31,500
	Fair value adjustment		2,000
	OPP amortization		(1,802		)
	Unamortized balance as of June 30, 2014		$	31,698
Share-Based Compensation	'
	The following table provides quantitative information about the significant Level 3 input used (in thousands):
	Financial Instrument		Fair Value at June 30, 2014				Principal Valuation Technique		Unobservable Inputs	Input Value
	Listing Note		$	38,100			Monte Carlo Simulation		Expected volatility	29.30%
	The following table provides quantitative information about significant Level 3 input used:
	Financial Instrument		Fair Value at June 30, 2014				Principal Valuation Technique		Unobservable Inputs	Input Value
			(In thousands)
	OPP		$	33,500			Monte Carlo Simulation		Expected volatility	34.00%
Schedule of Other Share-based Compensation, Activity	'
	The following table reflects the shares of common stock issued to directors in lieu of cash compensation:
			Six Months Ended June 30,
			2014				2013
	Shares issued in lieu of cash		—				2,500
	Value of shares issued in lieu of cash (in thousands)		$	—			$	23

Net_Loss_Per_Share_Tables

Net Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted	'
	The following is a summary of the basic and diluted net income (loss) per share computations for the periods presented:
		Three Months Ended June 30,							Six Months Ended June 30,
	(In thousands, except share and per share data)	2014				2013			2014			2013
	Basic net income (loss) attributable to stockholders	$	(67,237	)		$	2,019		$	(75,393	)	$	(775	)
	Adjustments to net income (loss) attributable to stockholders for common share equivalents	—				(223		)	—			—
	Net income (loss) attributable to stockholders	$	(67,237	)		$	1,796		$	(75,393	)	$	(775	)
	Basic weighted average shares outstanding	168,972,601				41,982,278			172,003,465			32,651,655
	Basic net income (loss) per share attributable to stockholders	$	(0.40	)		$	0.05		$	(0.44	)	$	(0.02	)
	Diluted weighted average shares outstanding	168,972,601				42,001,432			172,003,465			32,651,655
	Diluted net income (loss) per share attributable to stockholders	$	(0.40	)		$	0.04		$	(0.44	)	$	(0.02	)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	'
	The Company had the following common share equivalents as of June 30, 2014 and 2013, which were excluded from the calculation of diluted loss per share attributable to stockholders as the effect would have been antidilutive:
		Six Months Ended June 30,
		2014			2013
	Unvested restricted stock	214,019			25,800
	OP units	1,272,200			200
	Class B units	—			208,187
	Total anti-dilutive common share equivalents	1,486,219			234,187

Organization_Details

Organization (Details) (USD $)	6 Months Ended			0 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2010	12-May-14	Apr. 15, 2014	Apr. 15, 2014
	property		Common stock	Tender Offer	Tender Offer	Tender Offer
Operations [Line Items]	'	'	'	'	'	'
Number of properties owned	23	'	'	'	'	'
Shares available for issuance under initial public offering (in shares)	'	'	150,000,000	'	'	'
Shares issued or available for issuance under initial public offering (in dollars per share)	'	'	$10	'	'	'
Shares authorized for repurchase (in shares)	'	'	'	'	'	23,300,000
Average price per share (in dollars per share)	'	'	'	$10.75	$10.75	'
Shares retired (in shares)	'	'	'	14,200,000	'	'
Repurchases of common stock	$154,269	$1,330	'	$152,300	'	'

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Details)	6 Months Ended
	Jun. 30, 2013
Minimum	'
Listing Distribution Derivative [Line Items]	'
Average market value of stock for listing period	'180 days
Maximum	'
Listing Distribution Derivative [Line Items]	'
Average market value of stock for listing period	'210 days

Real_Estate_Investments_Assets

Real Estate Investments (Assets and Liabilities Assumed) (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2013
	property
Real estate investments, at cost:	'
Land	$17,500
Buildings, fixtures and improvements	90,869
Total tangible assets	108,369
Below-market lease liabilities	-6,176
Total acquired intangibles	3,631
Total assets acquired, net	112,000
Mortgage notes payable used to acquire investments in real estate	-60,000
Other liabilities assumed	-843
Cash paid for acquired real estate investments and other assets	51,157
Number of properties and other investments purchased	1
In-place leases	'
Real estate investments, at cost:	'
Acquired intangibles:	8,214
Above-market lease assets	'
Real estate investments, at cost:	'
Acquired intangibles:	$1,593

Real_Estate_Investments_Schedu

Real Estate Investments (Schedule of Future Minimum Rental Payments for Operating Lease) (Details) (USD $)	Jun. 30, 2014
In Thousands, unless otherwise specified
Real Estate [Abstract]	'
July 1, 2014 - December 31, 2014	$42,404
2015	88,689
2016	74,889
2017	72,163
2018	69,653
Thereafter	467,819
Total	$815,617

Real_Estate_Investments_Schedu1

Real Estate Investments (Schedule of Annualized Rental Income by Major Tenant) (Details)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2013
	Worldwide Plaza	Worldwide Plaza	229 West 36th Street
	Cravath, Swaine & Moore, LLP	Nomura Holding America, Inc.	American Language Communication Center, Inc.
Revenue, Major Customer [Line Items]	'	'	'
Major tenant rental income, as a percentage of total annualized rental income	18.30%	12.40%	10.50%

Investment_in_Unconsolidated_J2

Investment in Unconsolidated Joint Venture (Details) (USD $)

3 Months Ended

6 Months Ended

0 Months Ended

3 Months Ended

6 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Oct. 15, 2013

Oct. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Oct. 30, 2013

Jun. 30, 2013

Worldwide Plaza

Worldwide Plaza

Worldwide Plaza

Worldwide Plaza

Worldwide Plaza

Worldwide Plaza

Schedule of Equity Method Investments [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Ownership percentage

'

'

'

'

'

48.90%

'

'

'

'

48.90%

'

Aggregate cost

'

'

'

'

'

'

'

'

'

'

$220,100,000

'

Agreed upon value

'

'

'

'

'

'

'

'

'

'

1,325,000,000

'

Notes payable

'

'

'

'

'

'

'

875,000,000

875,000,000

875,000,000

875,000,000

427,900,000

Interest rate

'

'

'

'

'

'

'

'

'

'

'

4.60%

Investments in unconsolidated joint ventures

228,834,000

'

228,834,000

'

234,774,000

'

'

'

'

'

'

228,800,000

Purchase option term

'

'

'

'

'

'

'38 months

'

'

'

'

'

Purchase obligation

'

'

'

'

'

'

'

'

'

'

1,400,000,000

'

Difference between carrying amount and underlying equity

'

'

'

'

'

'

'

'

'

'

260,600,000

'

Difference between carrying amount and equity

'

'

'

'

'

'

'

3,200,000

6,500,000

'

'

'

Income from unconsolidated joint venture

4,189,000

0

5,446,000

0

'

'

'

4,189,000

5,446,000

'

'

'

Proceeds from investment

'

'

'

'

'

'

'

$3,894,000

$7,745,000

'

'

'

Investment_in_Unconsolidated_J3

Investment in Unconsolidated Joint Venture - Condensed Balance Sheet (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013	Oct. 30, 2013	Jun. 30, 2013
In Thousands, unless otherwise specified
Schedule of Equity Method Investments [Line Items]	'	'	'	'
Real estate assets, at cost	$1,543,269	$1,542,805	'	'
Less accumulated depreciation and amortization	-81,326	-41,183	'	'
Total real estate investments, net	1,461,943	1,501,622	'	'
Total assets	1,828,368	2,048,305	'	'
Total liabilities	615,353	599,046	'	'
Deficit	-200,524	-86,008	'	'
Total liabilities and equity	1,828,368	2,048,305	'	'
Worldwide Plaza	'	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'	'
Real estate assets, at cost	697,643	696,342	'	'
Less accumulated depreciation and amortization	-87,351	-77,919	'	'
Total real estate investments, net	610,292	618,423	'	'
Other assets	253,620	248,048	'	'
Total assets	863,912	866,471	'	'
Debt	875,000	875,000	875,000	427,900
Other liabilities	13,129	9,923	'	'
Total liabilities	888,129	884,923	'	'
Deficit	-24,217	-18,452	'	'
Total liabilities and equity	863,912	866,471	'	'
Company's basis	$228,834	$234,774	'	'

Investment_in_Unconsolidated_J4

Investment in Unconsolidated Joint Venture - Condensed Income Statement (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Schedule of Equity Method Investments [Line Items]	'	'	'	'
Rental income	$26,104	$10,133	$53,275	$17,807
Other revenue	9,845	772	16,266	1,425
Total revenues	35,949	10,905	69,541	19,232
Property operating	14,079	2,448	28,084	4,185
Depreciation and amortization	23,463	5,986	47,717	10,272
Total operating expenses	103,751	6,204	143,440	15,187
Operating Income (Loss)	-67,802	4,701	-73,899	4,045
Interest expense	-4,813	-2,694	-8,752	-4,840
Net income (loss)	-67,748	2,012	-75,903	-790
Net income (loss) attributable to stockholders	-67,237	2,019	-75,393	-775
Company's share of net loss from Worldwide Plaza	'	'	5,446	0
Income from unconsolidated joint venture	4,189	0	5,446	0
Worldwide Plaza	'	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'	'
Rental income	27,739	'	55,394	'
Other revenue	1,229	'	2,444	'
Total revenues	28,968	'	57,838	'
Property operating	10,779	'	22,292	'
Depreciation and amortization	6,260	'	12,628	'
Total operating expenses	17,039	'	34,920	'
Operating Income (Loss)	11,929	'	22,918	'
Interest expense	-9,992	'	-19,874	'
Net income (loss)	1,937	'	3,044	'
Company's preferred distribution	-1,334	'	-7,745	'
Net income (loss) attributable to stockholders	603	'	-4,701	'
Company's preferred distribution	-3,894	'	-7,745	'
Company's share of net loss from Worldwide Plaza	-957	'	-2,299	'
Company's income from Worldwide Plaza	1,252	'	0	'
Income from unconsolidated joint venture	$4,189	'	$5,446	'

Preferred_Equity_Investment_De

Preferred Equity Investment (Details) (USD $)	6 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Equity [Abstract]	'	'
Preferred equity investment	$33,600,000	$30,000,000
Investment term	'5 years	'
Origination fee	0.75%	'
Current pay rate	6.00%	'
Current accrual rate	2.00%	'
Accrual rate year 2	2.25%	'
Accrual rate year 3	2.75%	'
Accrual rate year 5	3.25%	'
Maximum investment	$40,000,000	'

Investment_Securities_Details

Investment Securities (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014
In Thousands, unless otherwise specified			Converted Preferred Shares
Schedule of Available-for-sale Securities [Line Items]	'	'	'
Cost	$4,288	$1,288	'
Gross Unrealized Gains	125	0	'
Gross Unrealized Losses	-37	-240	'
Fair Value	$4,376	$1,048	'
Period from issuance when investments become redeemable	'	'	'5 years

Credit_Facility_Details

Credit Facility (Details) (USD $)

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Mar. 30, 2012

Jun. 30, 2014

Aug. 20, 2013

Aug. 20, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Dec. 23, 2013

Aug. 20, 2013

Dec. 23, 2013

Aug. 20, 2013

Apr. 14, 2014

Apr. 14, 2014

Apr. 14, 2014

Credit facility

Credit facility

Credit facility

Credit facility

Credit Facility

Credit Facility

Below Threshold

Above Threshold

Line of Credit Facility, Interest Rate, Option One

Line of Credit Facility, Interest Rate, Option One

Line of Credit Facility, Interest Rate, Option Two

Line of Credit Facility, Interest Rate, Option Two

Line of Credit Facility, Base Rate, Option Two

Line of Credit Facility, Base Rate, Option Three

Term Loan

Term Loan

Credit facility

Credit facility

Operating Partnership Unit

Operating Partnership Unit

Operating Partnership Unit

LIBOR

Maximum

Credit facility

Credit facility

Credit facility

Credit facility

Credit facility

Credit facility

Credit facility

Credit facility

Credit facility

Credit facility

Line of Credit

Credit facility

LIBOR

LIBOR

Maximum

Minimum

Maximum

Minimum

Federal Funds Effective Rate

One-Month LIBOR

LIBOR

LIBOR

Base Rate

Base Rate

Line of Credit Facility [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum capacity on credit facility

'

'

'

'

$40,000,000

'

$220,000,000

'

'

'

'

'

'

'

'

'

$340,000,000

$110,000,000

$50,000,000

$110,000,000

$705,000,000

$400,000,000

$305,000,000

Accordion feature of credit facility

'

'

'

'

'

'

'

325,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Additional borrowing capacity under certain circumstances

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,000,000,000

'

'

Spread on variable rate basis

'

'

'

'

'

'

'

'

'

'

2.25%

1.50%

1.25%

0.50%

0.50%

1.00%

'

'

'

'

'

'

'

Unused capacity fee percentage

'

'

'

'

'

'

'

'

0.20%

0.30%

'

'

'

'

'

'

'

'

'

'

'

'

'

Credit facility

305,000,000

305,000,000

305,000,000

305,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Effective interest rate

'

'

2.11%

2.19%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unused capacity commitment fee percentage threshold

'

'

'

'

'

50.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Remaining borrowing capacity

'

'

$107,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Mortgage_Notes_Payable_Schedul

Mortgage Notes Payable (Schedule of Mortgage Notes Payable) (Details) (USD $)	Jun. 30, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'		'
Outstanding Loan Amount	$172,482		$172,716
Mortgages	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	14		'
Outstanding Loan Amount	172,482		172,716
Effective Interest Rate	3.60%	[1]	'
Mortgages | Interior Design Building	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Outstanding Loan Amount	20,392		20,582
Effective Interest Rate	4.40%		'
Mortgages | Bleecker Street	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	3		'
Outstanding Loan Amount	21,300		21,300
Effective Interest Rate	4.30%		'
Mortgages | Foot Locker	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Outstanding Loan Amount	3,250		3,250
Effective Interest Rate	4.60%		'
Mortgages | Regal Parking Garage	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Outstanding Loan Amount	3,000		3,000
Effective Interest Rate	4.50%		'
Mortgages | Duane Reade	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Outstanding Loan Amount	8,400		8,400
Effective Interest Rate	3.60%		'
Mortgages | Washington Street Portfolio	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Outstanding Loan Amount	4,787		4,831
Effective Interest Rate	4.40%		'
Mortgages | One Jackson Square	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Outstanding Loan Amount	13,000		13,000
Effective Interest Rate	3.40%	[2]	'
Mortgages | 350 West 42nd Street	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Outstanding Loan Amount	11,365		11,365
Effective Interest Rate	3.40%		'
Mortgages | 1100 Kings Highway	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Outstanding Loan Amount	20,200		20,200
Effective Interest Rate	3.40%	[2]	'
Mortgages | 1623 Kings Highway	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Outstanding Loan Amount	7,288		7,288
Effective Interest Rate	3.30%	[2]	'
Mortgages | 256 West 38th Street	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Outstanding Loan Amount	24,500		24,500
Effective Interest Rate	3.10%	[2]	'
Mortgages | 229 West 36th Street	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Outstanding Loan Amount	$35,000		$35,000
Effective Interest Rate	2.90%	[2]	'
[1]	Calculated on a weighted average basis for all mortgages outstanding as of JuneB 30, 2014.
[2]	Fixed through an interest rate swap agreement.

Mortgage_Notes_Payable_Schedul1

Mortgage Notes Payable (Schedule Of Aggregate Future Principal Payments On Mortgage Notes Payable) (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'	'
Total	$172,482	$172,716
Mortgages	'	'
Debt Instrument [Line Items]	'	'
July 1, 2014 - December 31, 2014	239	'
2015	21,794	'
2016	28,167	'
2017	102,730	'
2018	4,573	'
Thereafter	14,979	'
Total	$172,482	$172,716

Subordinated_Listing_Distribut1

Subordinated Listing Distribution Derivative (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2013
In Thousands, unless otherwise specified		Excess of Adjusted Market Value of Real Estate Assets Plus Distributions Over Aggregate Contributed Investor Capital	Annual Targeted Investor Return	Minimum	Maximum
		New York Recovery Advisors, LLC	Pre-tax Non-compounded Return on Capital Contribution
		Advisor	New York Recovery Advisors, LLC
			Advisor
Listing Distribution Derivative [Line Items]	'	'	'	'	'
Subordinated incentive listing distribution	'	15.00%	'	'	'
Average market value of stock for listing period	'	'	'	'180 days	'210 days
Cumulative capital investment return	'	'	6.00%	'	'
Listing note, fair value	$38,100	'	'	'	'

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Schedule of Fair Value, Liabilities Measured on Recurring Basis) (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Investment securities	$4,376	$1,048
Listing Note	-38,100	'
Interest rate swaps, net | Fair Value, Measurements, Recurring | 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 swaps, net | Fair Value, Measurements, Recurring | Significant Other Observable Inputs Level 2	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Interest rate swaps, net	-1,545	-385
Interest rate swaps, net | Fair Value, Measurements, Recurring | 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 swaps, net | Fair Value, Measurements, Recurring | Total	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Interest rate swaps, net	-1,545	-385
Investment securities | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets Level 1	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Investment securities	4,376	1,048
Investment securities | Fair Value, Measurements, Recurring | Significant Other Observable Inputs Level 2	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Investment securities	0	0
Investment securities | Fair Value, Measurements, Recurring | Significant Unobservable Inputs Level 3	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Investment securities	0	0
Investment securities | Fair Value, Measurements, Recurring | Total	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Investment securities	4,376	1,048
Listing Note | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets Level 1	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Listing Note	0	'
Listing Note | Fair Value, Measurements, Recurring | Significant Other Observable Inputs Level 2	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Listing Note	0	'
Listing Note | Fair Value, Measurements, Recurring | Significant Unobservable Inputs Level 3	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Listing Note	-38,100	'
Listing Note | Fair Value, Measurements, Recurring | Total	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Listing Note	($38,100)	'

Fair_Value_of_Financial_Instru3

Fair Value of Financial Instruments (Unobservable Inputs Reconciliation) (Details) (Listing Note, USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
		Significant Unobservable Inputs Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'	'
Beginning Balance	'	$0
Fair value at issuance	29,400	'
Fair value adjustment	8,700	'
Ending Balance	$38,100	$0

Fair_Value_of_Financial_Instru4

Fair Value of Financial Instruments (Fair Value Techniques) (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'
Listing note, fair value	$38,100
Significant Unobservable Inputs Level 3 | Monte Carlo Simulation | Fair Value, Measurements, Recurring | Listing Note	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'
Listing note, fair value	$38,100
Expected volatility	29.30%

Fair_Value_of_Financial_Instru5

Fair Value of Financial Instruments (Fair Value, by Balance Sheet Grouping) (Details) (Level 3, USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Mortgage notes payable | Carrying Amount	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Debt, fair value	$172,482	$172,716
Mortgage notes payable | Fair Value	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Debt, fair value	173,403	173,427
Credit facility | Carrying Amount	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Debt, fair value	305,000	305,000
Credit facility | Fair Value	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Debt, fair value	305,000	305,000
Preferred Equity Investment | Carrying Amount	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Debt, fair value	33,600	30,000
Preferred Equity Investment | Fair Value	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Debt, fair value	$33,600	$30,000

Interest_Rate_Derivatives_and_2

Interest Rate Derivatives and Hedging Activities (Narrative) (Details) (Designated as Hedging Instrument, Cash Flow Hedging, USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014
Derivatives at Fair Value | Interest rate swaps	'
Derivative [Line Items]	'
Fair value of derivatives	$1.80
Interest rate swaps, net	'
Derivative [Line Items]	'
Amount required to settle its obligations under the agreement at its aggregate termination value incase of breach	1.8
Interest rate swaps, net | Interest Expense	'
Derivative [Line Items]	'
Interests reclassified to AOCI	'12 months
Interests reclassified to AOCI period	$2.10

Interest_Rate_Derivatives_and_3

Interest Rate Derivatives and Hedging Activities (Schedule Of Interest Rate Derivative) (Details) (Designated as Hedging Instrument, Cash Flow Hedging, Interest rate swaps, USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	derivative	derivative
Designated as Hedging Instrument | Cash Flow Hedging | Interest rate swaps	'	'
Derivative [Line Items]	'	'
Number of Instruments	6	6
Notional Amount	$179,988	$179,988

Interest_Rate_Derivatives_and_4

Interest Rate Derivatives and Hedging Activities (Schedule of Derivative Instruments in Statement of Financial Position, Fair Value) (Details) (Cash Flow Hedging, Interest rate swaps, Designated as Hedging Instrument, Derivatives at Fair Value, USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Cash Flow Hedging | Interest rate swaps | Designated as Hedging Instrument | Derivatives at Fair Value	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative assets, at fair value	$132	$490
Derivative liabilities, at fair value	($1,677)	($875)

Interest_Rate_Derivatives_and_5

Interest Rate Derivatives and Hedging Activities (Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance) (Details) (Cash Flow Hedging, Interest rate swaps, net, USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Amount of income (loss) recognized in accumulated other comprehensive loss from interest rate derivatives (effective portion)	($1,575)	$1,734	($2,232)	$1,699
Amount of income recognized in gain on derivative instruments (ineffective portion and amount excluded from effectiveness testing)	0	4	0	4
Interest Expense	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Amount of loss reclassified from accumulated other comprehensive loss into income as interest expense (effective portion)	($540)	($220)	($1,071)	($434)

Interest_Rate_Derivatives_and_6

Interest Rate Derivatives and Hedging Activities (Schedule of Offsetting Liabilities) (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'	'
Gross Amounts of Recognized Assets	$132	$490
Gross Amounts of Recognized Liabilities	-1,677	-875
Net Amounts of Assets (Liabilities) presented on the Balance Sheet	-1,545	-385
Financial Instruments	0	0
Cash Collateral Posted	0	0
Net Amount	($1,545)	($385)

Common_Stock_Details

Common Stock (Details) (USD $)

1 Months Ended

6 Months Ended

6 Months Ended

51 Months Ended

57 Months Ended

0 Months Ended

In Thousands, except Share data, unless otherwise specified

Apr. 30, 2014

Sep. 30, 2010

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

12-May-14

Apr. 15, 2014

Approved

Approved

Approved

Common stock

Common stock

Tender Offer

Tender Offer

request

request

request

Class of Stock [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Common stock, shares outstanding (in shares)

'

'

162,180,226

'

174,120,408

'

'

'

162,180,226

174,120,408

'

'

Shares retired (in shares)

'

'

'

'

'

'

'

'

'

'

14,200,000

'

Average price per share (in dollars per share)

'

'

'

'

'

$10

$9.63

$9.63

'

'

$10.75

$10.75

Payments for Repurchase of Common Stock

'

'

$154,269

$1,330

'

'

'

'

'

'

$152,300

'

Dividends declared (in dollars per share)

$0.46

$0.61

'

'

'

'

'

'

'

'

'

'

Dividends declared per day (in dollars per share)

'

$0.00

'

'

'

'

'

'

'

'

'

'

Number of Requests

'

'

'

'

'

1

35

36

'

'

'

'

Number of Shares Repurchased

'

'

'

'

'

5,000

279,594

284,594

'

'

'

'

Commitments_and_Contingencies_1

Commitments and Contingencies - Minimum Lease Payments (Details) (USD $)	Jun. 30, 2014
In Thousands, unless otherwise specified
Commitments and Contingencies Disclosure [Abstract]	'
July 1, 2014 - December 31, 2014	$1,693
2015	4,555
2016	4,991
2017	4,991
2018	5,175
Thereafter, 2019 - 2050	260,549
Total	$281,954

Commitments_and_Contingencies_2

Commitments and Contingencies (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Oct. 15, 2013
Commitments and Contingencies Disclosure [Abstract]	'	'
Ownership percentage	'	48.90%
Loss contingency, damages sought, value	$200	'

Related_Party_Transactions_and2

Related Party Transactions and Arrangements (Details) (USD $)	6 Months Ended			0 Months Ended
	Jun. 30, 2014	Jun. 30, 2014	Dec. 31, 2013	Apr. 15, 2014
	Sponsor [Member]	New York Recovery Special Limited Partnership, LLC	New York Recovery Special Limited Partnership, LLC	Class B units
	Real Estate Investment Fund	Entity Wholly Owned by Sponsor	Entity Wholly Owned by Sponsor	New York Recovery Advisors, LLC
Related Party Transaction [Line Items]	'	'	'	'
Common stock held by related party (in shares)	'	20,000	20,000	'
Limited partner ownership unit capital	'	'	'	$800,000
Limited partner ownership unit capital (in shares)	'	'	'	83,333
Related party transaction, amount	$3,000,000	'	'	'

Related_Party_Transactions_and3

Related Party Transactions and Arrangements - Fees Paid in Connection with the IPO (Details) (Realty Capital Securities, LLC, Maximum, Gross Proceeds, Initial Public Offering, Dealer Manager)	Jun. 30, 2014
Realty Capital Securities, LLC | Maximum | Gross Proceeds, Initial Public Offering | Dealer Manager	'
Related Party Transaction [Line Items]	'
Sales commissions earned by related party	7.00%

Related_Party_Transactions_and4

Related Party Transactions and Arrangements - Fees Paid in Connection with the IPO, Selling Commissions and Dealer Manager Fees (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Related Party Transaction [Line Items]	'	'	'	'	'
Due to affiliates, net	$2,773	'	$2,773	'	$0
Total commissions and fees incurred from Dealer Manager | Realty Capital Securities, LLC | Dealer Manager	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'
Fees paid to related parties	0	30,208	8	37,368	'
Due to affiliates, net	$0	'	$0	'	$857

Related_Party_Transactions_and5

Related Party Transactions and Arrangements - Fees Paid in Connection with the IPO, Offering Costs (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Related Party Transaction [Line Items]	'	'	'	'	'
Due to affiliates, net	$2,773	'	$2,773	'	$0
New York Recovery Advisors, LLC and Realty Capital Securities, LLC | Fees and expense reimbursements from the Advisor and Dealer Manager | Advisor and Dealer Manager	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'
Fees paid to related parties	0	711	0	1,407	'
Due to affiliates, net	$0	'	$0	'	$416

Related_Party_Transactions_and6

Related Party Transactions and Arrangements - Fees Paid in Connection With the Operations of the Company (Details) (USD $)

3 Months Ended

6 Months Ended

0 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Apr. 15, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

New York Recovery Advisors, LLC

New York Recovery Advisors, LLC

New York Recovery Advisors, LLC

New York Recovery Advisors, LLC

New York Recovery Advisors, LLC

New York Recovery Advisors, LLC

New York Recovery Advisors, LLC and Realty Capital Securities, LLC

Maximum

Maximum

Maximum

Annual Targeted Investor Return

Greater Of

Greater Of

General and Administrative Expense

General and Administrative Expense

Advisor

Contract Purchase Price

Average Invested Assets

Average Invested Assets

Gross Revenue, Multi-tenant Properties

Amount Available or Outstanding Under Financing Arrangement

Contract Purchase Price

New York Recovery Advisors, LLC

New York Recovery Advisors, LLC

New York Recovery Advisors, LLC

New York Recovery Advisors, LLC

Maximum

Maximum

Advisor

Advisor

Advisor

Advisor

Advisor

Advisor

Contract Purchase Price

Average Invested Assets

Gross Revenue, Managed Properties

Pre-tax Non-compounded Return on Capital Contribution

New York Recovery Advisors, LLC

New York Recovery Advisors, LLC

Advisor

Advisor

Advisor

Advisor

Average Invested Assets

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

Advisor

Advisor

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acquisition fees earned by related party

'

'

'

'

'

'

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

Expected Acquisition fees earned by related party

'

'

'

'

'

'

0.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

Acquisition fees and acquisition related expenses earned by related party

'

'

'

'

'

'

'

'

'

'

'

'

4.50%

'

'

'

'

'

'

'

Asset management fees as a percentage of benchmark

'

'

'

'

'

'

'

0.50%

0.75%

'

'

'

'

'

'

'

'

'

'

'

Aggregate asset management and oversight fees as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

0.75%

'

'

'

'

'

'

Cumulative capital investment return

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6.00%

'

'

'

'

Unearned units, in lieu of asset management fees (in shares)

'

'

'

'

'

'

'

'

'

'

'

1,188,667

'

'

'

'

'

'

'

'

Equity-based compensation

$1,882,000

$13,000

$1,898,000

$24,000

'

'

'

'

'

'

'

$11,500,000

'

'

'

'

'

'

'

'

Cost of assets maximum

'

'

'

'

'

3,000,000,000

'

3,000,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Asset management fees earned above

'

'

'

'

'

0.40%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.00%

25.00%

'

'

Due from affiliate

$1,041,000

'

$1,041,000

'

$0

'

'

'

'

'

'

'

'

'

'

'

'

'

$1,000,000

$0

Related_Party_Transactions_and7

Related Party Transactions and Arrangements - Fees Paid in Connection With the Operations of the Company, Incurred, Forgiven and Payable (Details) (USD $)

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Acquisition fees and related cost reimbursements

Acquisition fees and related cost reimbursements

Financing coordination fees

Financing coordination fees

Asset Management Fees

Asset Management Fees

Transfer agent and other professional fees

Transfer agent and other professional fees

Property management and leasing fees

Property management and leasing fees

Strategic advisory fees

Strategic advisory fees

Dividends on Class B units

Dividends on Class B units

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

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

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:

Ongoing fees:

Ongoing fees:

Acquisition fees and related cost reimbursements

Acquisition fees and related cost reimbursements

Acquisition fees and related cost reimbursements

Acquisition fees and related cost reimbursements

Financing coordination fees

Financing coordination fees

Financing coordination fees

Financing coordination fees

Asset Management Fees

Asset Management Fees

Asset Management Fees

Asset Management Fees

Transfer agent and other professional fees

Transfer agent and other professional fees

Transfer agent and other professional fees

Transfer agent and other professional fees

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

Dividends on Class B units

Dividends on Class B units

Dividends on Class B units

Dividends on Class B units

Acquisition fees and related cost reimbursements

Acquisition fees and related cost reimbursements

Acquisition fees and related cost reimbursements

Acquisition fees and related cost reimbursements

Financing coordination fees

Financing coordination fees

Financing coordination fees

Financing coordination fees

Asset Management Fees

Asset Management Fees

Asset Management Fees

Asset Management Fees

Transfer agent and other professional fees

Transfer agent and other professional fees

Transfer agent and other professional fees

Transfer agent and other professional fees

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

Dividends on Class B units

Dividends on Class B units

Dividends on Class B units

Dividends on Class B units

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:

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:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Ongoing fees:

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acquisition fees earned by related party

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$2,500,000

'

$2,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fees paid to related parties

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,697,000

-2,032,000

6,371,000

270,000

0

[1]

-2,512,000

[1]

0

[1]

-825,000

[1]

2,363,000

0

2,363,000

450,000

2,274,000

[2]

0

[2]

2,274,000

[2]

0

[2]

1,041,000

0

1,627,000

0

0

0

0

0

0

454,000

0

605,000

19,000

26,000

107,000

40,000

413,000

185,000

787,000

371,000

0

[1]

0

[1]

0

[1]

0

[1]

0

0

0

0

0

[2]

0

[2]

0

[2]

0

[2]

0

0

0

0

413,000

185,000

787,000

371,000

0

0

0

0

0

0

0

0

Due to affiliates, net

$2,773,000

$0

$0

[1]

$0

[1]

$0

$0

$2,274,000

[2]

$0

[2]

$499,000

$0

$0

$0

$0

$0

$0

$0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

[1]

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

[2]

Prior to the Listing, the Company caused the OP to issue the Advisor restricted performance based Class B units for asset management services, which vested as of the Listing.

Related_Party_Transactions_and8

Related Party Transactions and Arrangements - Fees Paid in Connection With the Operations of the Company, Operating and General Administrative (Details) (New York Recovery Advisors, LLC, Advisor, USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Related Party Transaction [Line Items]	'	'	'	'
Related party transaction, amount	$1,041	$600	$1,041	$950
Property operating expenses absorbed	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'
Related party transaction, amount	0	0	0	0
General and administrative expenses absorbed	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'
Related party transaction, amount	$1,041	$600	$1,041	$950

Related_Party_Transactions_and9

Related Party Transactions and Arrangements - Fees Paid in Connection with the Liquidation or Listing of the Company's Real Estate Assets (Details) (USD $)

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Dec. 31, 2013

Apr. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

RCS Advisory Services, LLC

Realty Capital Securities, LLC and American National Stock Transfer, LLC

Realty Capital Securities, LLC and American National Stock Transfer, LLC

Transaction Management

Transaction Management

Information Agent and Advisory Service Fee

Fees and expense reimbursements from the Advisor and Dealer Manager

Fees and expense reimbursements from the Advisor and Dealer Manager

Contract Sales Price

Contract Sales Price

Contract Sales Price

Contract Sales Price

General Legal Services

General Legal Services

Dealer Manager and Transfer Agent

Dealer Manager and Transfer Agent

RCS Advisory Services, LLC

RCS Advisory Services, LLC

Realty Capital Securities, LLC and American National Stock Transfer, LLC

RCS Advisory Services, LLC

RCS Advisory Services, LLC

Maximum

Maximum

Maximum

Maximum

Maximum

Maximum

Dealer Manager and Transfer Agent

Dealer Manager

Dealer Manager

New York Recovery Advisors, LLC

New York Recovery Advisors, LLC

Brokerage Commission Fees

Real Estate Commissioner

New York Recovery Advisors, LLC

New York Recovery Advisors, LLC

Advisor

Advisor

New York Recovery Advisors, LLC

New York Recovery Advisors, LLC

Advisor

Advisor

Advisor

Advisor

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Transaction management fee

'

'

$3,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Fees paid to related parties

'

'

'

700,000

1,300,000

1,500,000

1,500,000

600,000

6,900,000

'

600,000

600,000

'

'

9,000

9,000

Due to affiliates, net

2,773,000

0

'

'

'

'

'

'

'

'

'

'

'

'

200,000

200,000

Information agent and advisory service fee

'

'

'

$1,900,000

$1,900,000

'

'

'

'

'

'

'

'

'

'

'

Transaction fee earned

'

'

'

'

'

'

'

'

'

0.25%

'

'

'

'

'

'

Real estate commission earned by related party

'

'

'

'

'

'

'

'

'

'

2.00%

2.00%

50.00%

6.00%

'

'

ShareBased_Compensation_Detail

Share-Based Compensation (Details) (USD $)

3 Months Ended

6 Months Ended

3 Months Ended

3 Months Ended

6 Months Ended

6 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Apr. 29, 2014

Mar. 31, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

New Multi-Year Outperformance Plan

Stock Options

Restricted Stock

Restricted Stock

Restricted Stock

Restricted Stock

Restricted Stock

Restricted Stock

Restricted Stock

Common stock

Common stock

Minimum

Maximum

Stock Option Plan

Restricted Share Plan

Restricted Share Plan

Restricted Share Plan

Restricted Share Plan

Restricted Share Plan

Restricted Share Plan

Restricted Stock

Restricted Stock

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Exercise price for all stock options granted under the Plan (in dollars per share)

'

'

'

'

'

'

$10

'

'

'

'

'

'

'

'

'

'

'

Number of shares authorized (in shares)

'

'

'

'

'

'

500,000

'

'

'

'

'

'

7,500,000

'

'

'

'

Shares automatically granted (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

3,000

'

'

'

'

'

Vesting percentage

'

'

'

'

'

'

'

'

'

'

'

'

20.00%

'

'

'

'

'

Maximum authorized amount as a percentage of shares authorized

'

'

'

'

'

'

'

5.00%

'

'

'

'

'

'

'

'

'

'

Common stock, par value (in dollars per share)

$0.01

'

$0.01

'

$0.01

'

'

$0.01

'

'

'

'

'

'

'

'

'

'

Maximum percent of awards as a percent of total outstanding

'

'

'

'

'

'

'

10.00%

'

'

'

'

'

'

'

'

'

'

Restricted share vesting period (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'3 years

'5 years

Equity-based compensation

$1,882,000

$13,000

$1,898,000

$24,000

'

$1,800,000

'

'

$300,000

$12,000

$300,000

$24,000

'

'

'

'

'

'

Compensation cost not yet recognized

'

'

'

'

'

'

'

'

1,900,000

'

1,900,000

'

'

'

'

'

'

'

Shares issued in lieu of cash

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

2,500

'

'

Value of shares issued in lieu of cash (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0

$23,000

'

'

ShareBased_Compensation_Restri

Share-Based Compensation - Restricted Stock Activity (Details) (Restricted Share Plan, Restricted Stock, USD $)	6 Months Ended
	Jun. 30, 2014		Dec. 31, 2013
Restricted Share Plan | Restricted Stock	'		'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]	'		'
Beginning Balance (in shares)	24,000		'
Granted (in shares)	214,019		'
Vested (in shares)	-24,000	[1]	'
Forfeited (in shares)	0		'
Ending Balance (in shares)	214,019		'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]	'		'
Beginning Balance (in dollars per share)	$9.11		$9.33
Granted (in dollars per share)	$9.11		'
Vested (in dollars per share)	$9.33	[1]	'
Forfeited (in dollars per share)	$0		'
Ending Balance (in dollars per share)	$9.11		$9.33
[1]	Previously granted unvested restricted stock outstanding vested as of the Listing.

ShareBased_Compensation_MultiY

Share-Based Compensation - Multi-Year Outperformance Plan Agreement (Details) (USD $)

3 Months Ended

6 Months Ended

3 Months Ended

0 Months Ended

6 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Apr. 15, 2014

Jun. 30, 2014

Apr. 15, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

New Multi-Year Outperformance Plan

New Multi-Year Outperformance Plan

New Multi-Year Outperformance Plan

New Multi-Year Outperformance Plan

New Multi-Year Outperformance Plan

New Multi-Year Outperformance Plan

New Multi-Year Outperformance Plan

Relative Component

Relative Component

Relative Component

Relative Component

Relative Component

Relative Component

Relative Component

Relative Component

Relative Component

Relative Component

Absolute Component

Performance Shares

Performance Shares

Performance Shares

Performance Shares

Performance Shares

Performance Shares

Excess Return, Above Peer Group

Cumulative Return, Above Threshold

Cumulative Return, Above Threshold

Cumulative Return, Above Threshold

Cumulative Return, Above Threshold

Cumulative Return, Above Threshold

Cumulative Return, Above Threshold

Cumulative Return, Above Threshold

Cumulative Return, Equal to Threshold

Cumulative Return, Below Threshold

Excess Return, Above Threshold

Performance Period

Annual Period

Interim Period

New Multi-Year Outperformance Plan

New Multi-Year Outperformance Plan

New Multi-Year Outperformance Plan

New Multi-Year Outperformance Plan

New Multi-Year Outperformance Plan

New Multi-Year Outperformance Plan

New Multi-Year Outperformance Plan

New Multi-Year Outperformance Plan

New Multi-Year Outperformance Plan

New Multi-Year Outperformance Plan

New Multi-Year Outperformance Plan

Performance Shares

Performance Shares

Performance Shares

Performance Shares

Performance Shares

Performance Shares

Performance Shares

Performance Shares

Performance Shares

Performance Shares

Performance Shares

Minimum

Minimum

Minimum

Maximum

Maximum

Maximum

Performance Period

Annual Period

Interim Period

Performance Period

Annual Period

Interim Period

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Opp units issued (in shares)

'

'

'

'

'

'

'

$8,880,579

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Company's market capitalization percentage

'

'

'

'

'

5.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based payment award, award vesting rights

'

'

'

'

'

'

33.33%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Absolute Component: 4% of any excess Total Return attained above an absolute hurdle measured from the beginning of such period:

'

'

'

'

'

'

'

'

21.00%

7.00%

14.00%

'

'

'

'

'

'

'

'

'

'

'

100% will be earned if cumulative Total Return achieved is at least:

'

'

'

'

'

'

'

'

18.00%

6.00%

12.00%

'

'

'

'

'

'

'

'

'

'

'

50% will be earned if cumulative Total Return achieved is:

'

'

'

'

'

'

'

'

0.00%

0.00%

0.00%

'

'

'

'

'

'

'

'

'

'

'

0% will be earned if cumulative Total Return achieved is less than:

'

'

'

'

'

'

'

'

0.00%

0.00%

0.00%

'

'

'

'

'

'

'

'

'

'

'

Return percentage threshold

'

'

'

'

'

'

'

'

'

'

'

'

'

0.00%

0.00%

0.00%

18.00%

6.00%

12.00%

'

'

'

Shares authorized, percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

4.00%

'

'

'

'

'

'

'

'

'

4.00%

Shares awarded as a percentage of maximum

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

'

'

'

'

'

50.00%

0.00%

'

Distribution Entitlement Percentage

'

'

'

'

'

'

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Equity-based compensation

$1,882,000

$13,000

$1,898,000

$24,000

$1,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

ShareBased_Compensation_Fair_V

Share-Based Compensation - Fair Value Inputs (Details) (Multi-year Outperformance Plan, Fair Value, Measurements, Recurring, USD $)	Jun. 30, 2014
In Thousands, unless otherwise specified
Quoted Prices in Active Markets Level 1	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
OPP	$0
Significant Other Observable Inputs Level 2	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
OPP	0
Significant Unobservable Inputs Level 3	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
OPP	-33,500
Total	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
OPP	($33,500)

ShareBased_Compensation_Level_

Share-Based Compensation - Level 3 Reconciliations (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'	'	'	'
OPP amortization	($1,882)	($13)	($1,898)	($24)
Multi-year Outperformance Plan | Share Based Compensation Liability	'	'	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'	'	'	'
Beginning Balance	'	'	0	'
Fair value at issuance	'	'	31,500	'
Fair value adjustment	'	'	2,000	'
OPP amortization	'	'	-1,802	'
Ending Balance	$31,698	'	$31,698	'

ShareBased_Compensation_Valuat

Share-Based Compensation - Valuation Techniques (Details) (Monte Carlo Simulation, Fair Value, Measurements, Recurring, Share Based Compensation Liability, USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014
Monte Carlo Simulation | Fair Value, Measurements, Recurring | Share Based Compensation Liability	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'
OPP	$33,500
Expected volatility	34.00%

Net_Loss_Per_Share_Schedule_of

Net Loss Per Share (Schedule of Earnings Per Share, Basic and Diluted) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Earnings Per Share [Abstract]	'	'	'	'
Basic net income (loss) attributable to stockholders	($67,237)	$2,019	($75,393)	($775)
Adjustments to net income (loss) attributable to stockholders for common share equivalents	0	-223	0	0
Net income (loss) attributable to stockholders	($67,237)	$1,796	($75,393)	($775)
Basic weighted average shares outstanding (in shares)	168,972,601	41,982,278	172,003,465	32,651,655
Basic net income (loss) per share attributable to stockholders (in dollars per share)	($0.40)	$0.05	($0.44)	($0.02)
Diluted weighted average shares outstanding (in shares)	168,972,601	42,001,432	172,003,465	32,651,655
Diluted net income (loss) per share attributable to stockholders (in dollars per share)	($0.40)	$0.04	($0.44)	($0.02)

Net_Loss_Per_Share_Schedule_of1

Net Loss Per Share (Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share) (Details)	6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'
Total anti-dilutive common share equivalents (in shares)	1,486,219	234,187	'
Unvested restricted stock	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'
Total anti-dilutive common share equivalents (in shares)	214,019	25,800	'
OP units	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'
Total anti-dilutive common share equivalents (in shares)	1,272,200	200	200
Class B units	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'
Total anti-dilutive common share equivalents (in shares)	0	208,187	'

Noncontrolling_Interests_Detai

Non-controlling Interests (Details) (USD $)

6 Months Ended

3 Months Ended

6 Months Ended

6 Months Ended

12 Months Ended

0 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2010

Sep. 30, 2012

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2010

Dec. 31, 2010

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Apr. 15, 2014

Apr. 15, 2014

Bleecker Street

163 Washington Ave Condominiums

Advisor

Advisor

Unrelated Third Party

American Realty Capital

OP units

OP units

OP units

New York Recovery Advisors, LLC and Realty Capital Securities, LLC

Class B units

Bleecker Street

Bleecker Street

Contract Purchase Price

New York Recovery Advisors, LLC

Advisor

Noncontrolling Interest [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Total anti-dilutive common share equivalents (in shares)

1,486,219

234,187

'

'

'

'

'

'

1,272,200

200

200

'

'

Unearned units, in lieu of asset management fees (in shares)

'

'

'

'

'

'

'

'

'

'

'

1,188,667

'

Limited partner ownership unit capital

'

'

'

'

'

'

'

'

'

'

'

'

$800,000

Limited partner ownership unit capital (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

83,333

Common stock held by related party (in shares)

'

'

'

'

1,272,200

1,272,200

'

'

'

'

'

'

'

Distributions to non-controlling interest holders

98,000

'

'

'

100,000

100,000

'

'

'

'

'

'

'

Noncontrolling members' aggregate investment

'

'

13,000,000

500,000

'

'

1,000,000

12,000,000

'

'

'

'

'

Distributions to non-controlling interest holders

$98,000

$35,000

'

'

'

'

'

'

'

'

'

'

'