Phillips Edison & Company (PECO) 10-Q 8 Nov 13 2013 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Nov. 01, 2013
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-13	'
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2013	'
Entity Registrant Name	'Phillips Edison - ARC Shopping Center REIT Inc.	'
Entity Central Index Key	'0001476204	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	130.7

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
ASSETS	'	'
Land	$213,280	$82,127
Building and improvements	585,164	209,048
Total investment in real estate assets	798,444	291,175
Accumulated depreciation and amortization	-22,053	-7,317
Total investment in real estate assets, net	776,391	283,858
Acquired intangible lease assets, net of accumulated amortization of $10,541 and $3,844, respectively	71,407	20,957
Cash and cash equivalents	326,232	7,654
Restricted cash	3,839	1,053
Accounts receivable, net of bad debt reserve of $153 and $69, respectively	9,503	2,707
Deferred financing expense, less accumulated amortization of $1,767 and $596, respectively	6,426	2,827
Derivative asset	669	'
Prepaid expenses and other	9,392	6,354
Total assets	1,203,859	325,410
Liabilities:	'	'
Mortgages and loans payable	216,315	159,007
Acquired below market lease intangibles, less accumulated amortization of $2,036 and $811, respectively	14,554	4,892
Accounts payable	525	533
Accounts payable - affiliates	1,655	3,634
Accrued and other liabilities	19,475	5,073
Total liabilities	252,524	173,139
Commitments and contingencies (Note 9)	0	0
Equity:	'	'
Preferred stock, $0.01 par value per share, 10,000,000 shares authorized, zero shares issued and outstanding at September 30, 2013 and December 31, 2012	0	0
Common stock, $0.01 par value per share, 1,000,000,000 shares authorized, 107,770,692 and 13,801,251 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively	1,076	138
Additional paid-in capital	948,520	118,238
Accumulated other comprehensive income	614	'
Accumulated deficit	-40,607	-11,720
Total stockholders' equity	909,603	106,656
Noncontrolling interests	41,732	45,615
Total equity	951,335	152,271
Total liabilities and equity	$1,203,859	$325,410

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, except Share data, unless otherwise specified
Condensed Consolidated Balance Sheets [Abstract]	'	'
Acquired intangible lease assets, accumulated amortization	$10,541	$3,844
Accounts receivable, bad debt reserve	153	69
Deferred financing expense, accumulated amortization	1,767	596
Acquired below market lease intangibles, accumulated amortization	$2,036	$811
Preferred stock, par value	$0.01	'
Preferred stock, shares authorized	10,000,000	'
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$0.01	'
Common stock, shares authorized	1,000,000,000	'
Common stock, shares issued and outstanding	107,770,692	13,801,251

Condensed_Consolidated_Stateme

Condensed Consolidated Statements Of Operations and Comprehensive Loss (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenues:	'	'	'	'
Rental income	$15,827	$4,044	$35,768	$8,255
Tenant recovery income	4,260	1,037	10,637	2,110
Other property income	57	67	140	103
Total revenues	20,144	5,148	46,545	10,468
Expenses:	'	'	'	'
Property operating	3,079	785	7,223	1,701
Real estate taxes	3,022	674	6,641	1,295
General and administrative	842	509	2,424	1,178
Acquisition expenses	3,967	1,097	9,633	2,416
Depreciation and amortization	8,324	2,507	19,879	5,079
Total expenses	19,234	5,572	45,800	11,669
Operating income (loss)	910	-424	745	-1,201
Other income (expense):	'	'	'	'
Interest expense, net	-2,207	-902	-6,594	-1,771
Other income(expense)	-32	1	-45	1
Net loss	-1,329	-1,325	-5,894	-2,971
Net (income) loss attributable to noncontrolling interests	-79	289	-355	872
Net loss attributable to Company stockholders	-1,408	-1,036	-6,249	-2,099
Per share information - basic and diluted:	'	'	'	'
Net loss per share - basic and diluted	($0.02)	($0.15)	($0.14)	($0.43)
Weighted-average common shares outstanding - basic and diluted	79,796,551	6,928,167	45,207,554	4,935,127
Comprehensive loss:	'	'	'	'
Net loss	-1,329	-1,325	-5,894	-2,971
Other comprehensive income:	'	'	'	'
Change in unrealized gain (loss) on interest rate swaps, net	-357	'	614	'
Comprehensive loss	-1,686	-1,325	-5,280	-2,971
Comprehensive (income) loss attributable to noncontrolling interests	-79	289	-355	872
Comprehensive loss attributable to Company stockholders	($1,765)	($1,036)	($5,635)	($2,099)

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements Of Equity (USD $)	Total	Common Stock [Member]	Additional Paid In Capital [Member]	Accumulated Other Comprehensive Income [Member]	Accumulated Deficit [Member]	Total Stockholders' Equity [Member]	Noncontrolling Interest [Member]
In Thousands, except Share data
Balance, value at Dec. 31, 2011	$27,185	$27	$17,980	'	($4,126)	$13,881	$13,304
Balance, shares at Dec. 31, 2011	'	2,658,159	'	'	'	'	'
Issuance of common stock, value	58,833	59	58,774	'	'	58,833	'
Issuance of common stock, shares	'	5,915,722	'	'	'	'	'
Share repurchases, value	-25	'	-25	'	'	-25	'
Share repurchases, shares	'	-2,500	'	'	'	'	'
Dividend reinvestment plan (DRP), value	693	'	693	'	'	693	'
Dividend reinvestment plan (DRP), shares	'	72,975	'	'	'	'	'
Contributions from noncontrolling interests	25,344	'	'	'	'	'	25,344
Common distributions declared	-2,408	'	'	'	-2,408	-2,408	'
Distributions to noncontrolling interests	-1,428	'	'	'	'	'	-1,428
Offering costs	-5,585	'	-5,585	'	'	-5,585	'
Net loss	-2,971	'	'	'	-2,099	-2,099	-872
Balance, value at Sep. 30, 2012	99,638	86	71,837	'	-8,633	63,290	36,348
Balance, shares at Sep. 30, 2012	'	8,644,356	'	'	'	'	'
Balance, value at Dec. 31, 2012	152,271	138	118,238	'	-11,720	106,656	45,615
Balance, shares at Dec. 31, 2012	'	13,801,251	'	'	'	'	'
Issuance of common stock, value	923,593	930	922,663	'	'	923,593	'
Issuance of common stock, shares	'	93,135,034	'	'	'	'	'
Share repurchases, value	-582	-1	-581	'	'	-582	'
Share repurchases, shares	'	-58,764	'	'	'	'	'
Dividend reinvestment plan (DRP), value	8,485	9	8,476	'	'	8,485	'
Dividend reinvestment plan (DRP), shares	'	893,171	'	'	'	'	'
Change in unrealized gain on interest rate swaps	614	'	'	614	'	614	'
Common distributions declared	-22,638	'	'	'	-22,638	-22,638	'
Distributions to noncontrolling interests	-4,238	'	'	'	'	'	-4,238
Offering costs	-100,276	'	-100,276	'	'	-100,276	'
Net loss	-5,894	'	'	'	-6,249	-6,249	355
Balance, value at Sep. 30, 2013	$951,335	$1,076	$948,520	$614	($40,607)	$909,603	$41,732
Balance, shares at Sep. 30, 2013	'	107,770,692	'	'	'	'	'

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements Of Equity (Parenthetical) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Condensed Consolidated Statements Of Equity [Abstract]	'	'
Common distributions declared, per share	$0.50	$0.49

Condensed_Consolidated_Stateme3

Condensed Consolidated Statements Of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net loss	($5,894)	($2,971)
Adjustments to reconcile net loss to net cash provided by operating activities:	'	'
Depreciation and amortization	19,032	4,986
Net amortization of above- and below-market leases	465	337
Amortization of deferred financing costs	1,337	389
Change in fair value of derivative asset	-55	'
Straight-line rental income	-1,135	-286
Changes in operating assets and liabilities:	'	'
Accounts receivable	-5,661	-747
Prepaid expenses and other	-1,594	-452
Accounts payable	-6	36
Accounts payable - affiliates	426	-805
Accrued and other liabilities	9,054	2,626
Net cash provided by operating activities	15,969	3,113
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Real estate acquisitions	-456,956	-111,948
Capital expenditures	-3,568	-368
Change in restricted cash	-2,786	-368
Net cash used in investing activities	-463,310	-112,684
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Proceeds from issuance of common stock	923,593	58,833
Redemptions of common stock	-582	-25
Payment of offering costs	-102,681	-9,215
Payments on mortgages and loans payable	-303,100	-88,952
Proceeds from mortgages and loans payable	267,330	136,289
Distributions paid, net of DRP	-9,438	-1,426
Contributions from noncontrolling interests	'	25,344
Distributions to noncontrolling interests	-4,242	-910
Payments of loan financing costs	-4,961	-1,599
Net cash provided by financing activities	765,919	118,339
NET INCREASE IN CASH AND CASH EQUIVALENTS	318,578	8,768
CASH AND CASH EQUIVALENTS:	'	'
Beginning of period	7,654	6,969
End of period	326,232	15,737
SUPPLEMENTAL CASHFLOW DISCLOSURE, INCLUDING NON-CASH INVESTING AND FINANCING ACTIVITIES:	'	'
Cash paid for interest	5,548	1,194
Change in offering costs payable to sub-advisor	-2,405	-3,630
Change in distributions payable	4,715	289
Change in distributions payable - noncontrolling interests	-4	518
Assumed debt	93,908	35,772
Accrued capital expenditures	982	32
Distributions reinvested	$8,485	$693

Organization

Organization	9 Months Ended
	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization	'
	1. ORGANIZATION
	Phillips Edison—ARC Shopping Center REIT Inc. was formed as a Maryland corporation on October 13, 2009. Substantially all of our business is expected to be conducted through Phillips Edison—ARC Shopping Center Operating Partnership, L.P. (the “Operating Partnership”), a Delaware limited partnership formed on December 3, 2009. We are a limited partner of the Operating Partnership, and our wholly owned subsidiary, Phillips Edison Shopping Center OP GP LLC, is the sole general partner of the Operating Partnership.
	We are offering to the public, pursuant to a registration statement, $1.785 billion in shares of common stock on a “best efforts” basis in our initial public offering (“our initial public offering”). Our initial public offering consists of a primary offering of $1.5 billion in shares offered to investors at a price of $10.00 per share, with discounts available for certain categories of purchasers, and $285 million in shares offered to stockholders pursuant to a dividend reinvestment plan (the “DRP”) at a price of $9.50 per share. We have the right to reallocate the shares of common stock offered between the primary offering and the DRP. On June 24, 2013, we filed a registration statement with the U.S. Securities and Exchange Commission (the “SEC”) to register a follow-on public offering. Pursuant to the registration statement, we propose to register 25,000,000 shares of our common stock in the primary portion of such follow-on offering. We also propose to register 2,500,000 shares of common stock pursuant to our dividend reinvestment plan. We do not expect to register any shares in our follow-on offering that would cause the total shares registered by us in our current offering and the follow-on offering, in the aggregate, to exceed the $1.785 billion initial aggregate registration amount of our current offering. We currently intend to continue offering shares of common stock in our current offering until the earlier of (i) the sale of all $1.5 billion of shares in the primary offering, (ii) February 7, 2014, or (iii) the date the registration statement relating to our proposed follow-on offering is declared effective by the SEC. We may sell shares under the DRP beyond the termination of the primary offering until we have sold all the shares under the plan.
	As of September 30, 2013, we had issued a total of 107,838,836 shares of common stock including 1,049,086 shares issued through the DRP, generating gross cash proceeds of $1.068 billion, since our inception. As of September 30, 2013, there were 107,770,692 shares of our common stock outstanding which is net of 68,144 shares repurchased from stockholders pursuant to our stock repurchase plan.
	Our advisor is American Realty Capital II Advisors, LLC (the “Advisor”), a limited liability company that was organized in the State of Delaware on December 28, 2009 and that is indirectly wholly owned by AR Capital, LLC (formerly American Realty Capital II, LLC) (the “AR Capital sponsor”). Under the terms of the advisory agreement between the Advisor and us, the Advisor is responsible for the management of our day-to-day activities and the implementation of our investment strategy. The Advisor has delegated most of its duties under the advisory agreement, including the management of our day-to-day operations and our portfolio of real estate assets, to Phillips Edison NTR LLC (the “Sub-advisor”), which is indirectly wholly owned by Phillips Edison Limited Partnership (the “Phillips Edison sponsor”), pursuant to a sub-advisory agreement between the Advisor and the Sub-advisor. Notwithstanding such delegation to the Sub-advisor, the Advisor retains ultimate responsibility for the performance of all the matters entrusted to it under the advisory agreement.
	We invest primarily in well-occupied grocery-anchored neighborhood and community shopping centers having a mix of creditworthy national and regional retailers selling necessity-based goods and services in strong demographic markets throughout the United States. In addition, we may invest in other retail properties including power and lifestyle shopping centers, multi-tenant shopping centers, free-standing single-tenant retail properties, and other real estate and real estate-related loans and securities depending on real estate market conditions and investment opportunities that we determine are in the best interests of our stockholders. We expect that retail properties primarily would underlie or secure the real estate-related loans and securities in which we may invest. As of September 30, 2013, we owned fee simple interests in 58 real estate properties, 20 of which we owned through the Joint Venture (as defined below), acquired from third parties unaffiliated with us, the Advisor, or the Sub-advisor.
	On September 20, 2011, we entered into a joint venture with a group of institutional international investors advised by CBRE Investors Global Multi Manager (each a “CBRE Investor”). The joint venture is in the form of PECO-ARC Institutional Joint Venture I, L.P., a Delaware limited partnership (the “Joint Venture”). We, through an indirectly wholly owned subsidiary, hold an approximate 54% interest in the Joint Venture. We serve as the general partner and manage the operations of the Joint Venture. The CBRE Investors hold the remaining approximate 46% interest. We contributed approximately $58.7 million, in the form of equity interests in six wholly owned real estate properties and cash, to the Joint Venture, and the CBRE Investors contributed $50.0 million in cash.

Summary_Of_Significant_Account

Summary Of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2013
Summary Of Significant Accounting Policies [Abstract]	'
Summary Of Significant Accounting Policies	'
	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Set forth below is a summary of the significant accounting estimates and critical accounting policies that management believes are important to the preparation of our condensed consolidated interim financial statements. Certain of our accounting estimates are particularly important for an understanding of our financial position and results of operations and require the application of significant judgment by management. As a result, these estimates are subject to a degree of uncertainty. There have been no changes to our significant accounting policies during the nine months ended September 30, 2013. For a summary of our significant accounting policies, refer to our Annual Report on Form 10-K for the year ended December 31, 2012.
	Basis of Presentation and Principles of Consolidation—The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with instructions to 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. Readers of this Quarterly Report on Form 10-Q should refer to the audited financial statements of Phillips Edison-ARC Shopping Center REIT Inc. for the year ended December 31, 2012, which are included in our 2012 Annual Report on Form 10-K as certain footnote disclosures contained in such audited financial statements have been omitted from this Quarterly Report on Form 10-Q. In the opinion of management, all adjustments (consisting of normal recurring accruals) necessary for the fair presentation have been included in this Quarterly Report.
	The condensed consolidated financial statements include our accounts and those of our majority-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
	Investment Property and Lease Intangibles—Real estate assets we have acquired are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method. The estimated useful lives for computing depreciation are generally 5-7 years for furniture, fixtures and equipment, 15 years for land improvements and 30 years for buildings and building improvements. Tenant improvements are amortized over the shorter of the respective lease term or the expected useful life of the asset. Major replacements that extend the useful lives of the assets are capitalized, and maintenance and repair costs are expensed as incurred.
	The results of operations of acquired properties are included in our results of operations from their respective dates of acquisition. Estimates of future cash flows, estimates of replacement cost, and other valuation techniques that we believe are similar to those used by independent appraisers are used to allocate the purchase price of each identifiable asset acquired and liabilities assumed such as land, buildings and improvements, equipment and identifiable intangible assets and liabilities, such as amounts related to in-place leases, acquired above- and below-market leases, tenant relationships, asset retirement obligations, mortgage notes payable and any goodwill or gain on purchase. Acquisition-related costs are expensed as incurred.
	The fair values of buildings and improvements are determined on an as-if-vacant basis. The estimated fair value of acquired in-place leases is the cost we would have incurred to lease the properties to the occupancy level of the properties at the date of acquisition. Such estimates include leasing commissions, legal costs and other direct costs that would be incurred to lease the properties to such occupancy levels. Additionally, we evaluate the time period over which such occupancy levels would be achieved. Such evaluation includes an estimate of the net market-based rental revenues and net operating costs (primarily consisting of real estate taxes, insurance and utilities) that would be incurred during the lease-up period. Acquired in-place leases as of the date of acquisition are amortized over the remaining lease terms.
	Acquired above- and below-market lease values are recorded based on the present value (using interest rates that reflect the risks associated with the leases acquired) of the difference between the contractual amounts to be paid pursuant to the in-place leases and management's estimate of the market lease rates for the corresponding in-place leases. The capitalized above- and below-market lease values are amortized as adjustments to rental income over the remaining terms of the respective leases. We also include fixed rate renewal options in our calculation of the fair value of below-market leases and the periods over which such leases are amortized. If a tenant has a unilateral option to renew a below-market lease, we include such an option in the calculation of the fair value of such lease and the period over which the lease is amortized if we determine that the tenant has a financial incentive to exercise such option.
	Management estimates the fair value of assumed mortgage notes payable based upon indications of then-current market pricing for similar types of debt with similar maturities. Assumed mortgage notes payable are initially recorded at their estimated fair value as of the assumption date, and the difference between such estimated fair value and the note's outstanding principal balance is amortized over the life of the mortgage note payable as an adjustment to interest expense.
	Derivative Instruments and Hedging Activities—At times, we may use derivative instruments to manage exposure to variable interest rate risk. We generally enter into interest rate swaps to manage such risk. We enter into derivative instruments that qualify as cash flow hedges, and we do not enter into derivative instruments for speculative purposes. The interest rate swaps associated with our cash flow hedges are recorded at fair value on a recurring basis. We assess effectiveness of our cash flow hedges both at inception and on an ongoing basis. The effective portion of changes in fair value of the interest rate swaps associated with our cash flow hedges is recorded in accumulated other comprehensive income and is subsequently reclassified into interest expense as interest is incurred on the related variable rate debt. Our cash flow hedges become ineffective if critical terms of the hedging instrument and the debt instrument do not perfectly match, such as notional amounts, settlement dates, reset dates, calculation period and LIBOR rate. When ineffectiveness exists, the ineffective portion of changes in fair value of the interest rate swaps associated with our cash flow hedges is recognized in earnings in the period affected. In addition, we evaluate the default risk of the counterparty by monitoring the credit worthiness of the counterparty. Derivative instruments and hedging activities require management to make judgments on the nature of its derivatives and their effectiveness as hedges. These judgments determine if the changes in fair value of the derivative instruments are reported in the condensed consolidated statements of operations and comprehensive loss as a component of net loss or as a component of comprehensive income and as a component of stockholders' equity on the consolidated balance sheets. While management believes its judgments are reasonable, a change in a derivative's effectiveness as a hedge could materially affect expenses, net income and equity.
	Revenue Recognition—We commence revenue recognition on our leases based on a number of factors. In most cases, revenue recognition under a lease begins when the lessee takes possession of or controls the physical use of the leased asset. Generally, this occurs on the lease commencement date. The determination of who is the owner, for accounting purposes, of the tenant improvements determines the nature of the leased asset and when revenue recognition under a lease begins. If we are the owner, for accounting purposes, of the tenant improvements, then the leased asset is the finished space and revenue recognition begins when the lessee takes possession of the finished space, typically when the improvements are substantially complete.
	If we conclude that we are not the owner, for accounting purposes, of the tenant improvements (the lessee is the owner), then the leased asset is the unimproved space and any tenant improvement allowances funded under the lease are treated as lease incentives, which reduces revenue recognized over the term of the lease. In these circumstances, we begin revenue recognition when the lessee takes possession of the unimproved space to construct their own improvements. We consider a number of different factors in evaluating whether we or the lessee is the owner of the tenant improvements for accounting purposes. These factors include:
	• whether the lease stipulates how and on what a tenant improvement allowance may be spent;
	• whether the tenant or landlord retains legal title to the improvements;
	• the uniqueness of the improvements;
	• the expected economic life of the tenant improvements relative to the length of the lease; and
	• who constructs or directs the construction of the improvements.
	We recognize rental income on a straight-line basis over the term of each lease. The difference between rental income earned on a straight-line basis and the cash rent due under the provisions of the lease agreements is recorded as deferred rent receivable and is included as a component of accounts receivable. Due to the impact of the straight-line basis, rental income generally will be greater than the cash collected in the early years and will be less than the cash collected in the later years of a lease. Our policy for percentage rental income is to defer recognition of contingent rental income until the specified target (i.e. breakpoint) that triggers the contingent rental income is achieved. We periodically review the collectability of outstanding receivables. Allowances will be taken for those balances that we deem to be uncollectible, including any amounts relating to straight-line rent receivables.
	Reimbursements from tenants for recoverable real estate tax and operating expenses are accrued as revenue in the period in which the applicable expenses are incurred. We make certain assumptions and judgments in estimating the reimbursements at the end of each reporting period. We do not expect the actual results to materially differ from the estimated reimbursements.
	We record lease termination income if there is a signed termination letter agreement, all of the conditions of the agreement have been met, collectability is reasonably assured and the tenant is no longer occupying the property. Upon early lease termination, we provide for losses related to unrecovered tenant-specific intangibles and other assets.
	Income Taxes—We have elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Code”). Our qualification and taxation as a REIT depends on our ability, on a continuing basis, to meet certain organizational and operational qualification requirements imposed upon REITs by the Code. If we fail to qualify as a REIT for any reason in a taxable year, we will be subject to tax on our taxable income at regular corporate rates. We would not be able to deduct distributions paid to stockholders in any year in which we fail to qualify as a REIT. We will also be disqualified for the four taxable years following the year during which qualification was lost unless we are entitled to relief under specific statutory provisions.
	Noncontrolling Interests—Noncontrolling interests in the condensed consolidated balance sheets represent the economic equity interests of the Joint Venture that are not owned by us. Noncontrolling interests in the condensed consolidated statements of equity represent contributions, distributions and allocated earnings attributed to the CBRE Investors. Noncontrolling interests in earnings of the Joint Venture in the condensed consolidated statements of operations and comprehensive loss represent income or losses allocated to noncontrolling interests based on the economic ownership percentage of the consolidated Joint Venture held by these investors.
	Earnings Per Share—Earnings per share are calculated based on the weighted-average number of common shares outstanding during each period. Diluted earnings per share considers the effect of any potentially dilutive share equivalents, of which we had none for the three and nine months ended September 30, 2013 and 2012.
	There were 319,390 and zero Class B units of the Operating Partnership outstanding and held by the Advisor and the Sub-advisor as of September 30, 2013 and 2012, respectively, that were excluded from diluted net loss per share computations as their effect would have been antidilutive.
	Impact of Recently Issued Accounting Pronouncements—In October 2012, the Financial Accounting Standards Board (“FASB”) issued ASU 2012-04, Technical Corrections and Improvements. The amendments in this update cover a wide range of topics in the Accounting Standards Codification. These amendments include technical corrections and improvements to the Accounting Standards Codification and conforming amendments related to fair value measurements. ASU 2012-04 was effective for us as of January 1, 2013. The adoption of this pronouncement did not have a material impact on our condensed consolidated financial statements.
	In February 2013, FASB issued ASU No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, which requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present significant amounts reclassified out of accumulated other comprehensive income by respective line items of net income if it is required to be reclassified to net income in its entirety. For other reclassified amounts, an entity is required to cross-reference to other disclosures that provide additional detail about those amounts. The provisions of ASU No. 2013-02 were effective for us on January 1, 2013, and are to be applied prospectively. As a result of the adoption of this pronouncement, we addressed the required disclosures in Note 10, Derivatives and Hedging Activities.

Equity

Equity	9 Months Ended
	Sep. 30, 2013
Equity [Abstract]	'
Equity	'
	3. EQUITY
	General—We have the authority to issue a total of 1,000,000,000 shares of common stock with a par value of $0.01 per share and 10,000,000 shares of preferred stock, $0.01 par value per share. As of September 30, 2013, we had issued 107,838,836 shares of common stock generating gross cash proceeds of $1.068 billion, since our inception, and we had issued no shares of preferred stock. As of September 30, 2013, there were 107,770,692 shares of our common stock outstanding which is net of 68,144 shares repurchased from stockholders pursuant to our stock repurchase plan. The holders of shares of the common stock are entitled to one vote per share on all matters voted on by stockholders, including election of the board of directors. Our charter does not provide for cumulative voting in the election of directors.
	Dividend Reinvestment Plan—We have adopted the DRP that allows stockholders to have distributions invested in additional shares of our common stock at a price equal to $9.50 per share. Stockholders who elect to participate in the DRP, and who are subject to U.S. federal income taxation laws, will incur a tax liability on an amount equal to the fair value on the relevant distribution date of the shares of our common stock purchased with reinvested distributions, even though such stockholders have elected not to receive the distributions used to purchase those shares of common stock in cash. Distributions reinvested through the DRP for the three months ended September 30, 2013 and 2012, were $5.3 million and $0.4 million, respectively. Distributions reinvested through the DRP for the nine months ended September 30, 2013 and 2012, were $8.5 million and $0.7 million, respectively.
	Share Repurchase Program—Our share repurchase program may provide a limited opportunity for stockholders to have shares of common stock repurchased, subject to certain restrictions and limitations, at a price equal to or at a discount from the purchase price paid for the shares being repurchased.
	Repurchase of shares of common stock will be made monthly upon written notice received by us at least five days prior to the end of the applicable month. Stockholders may withdraw their repurchase request at any time up to five business days prior to the repurchase date.
	The board of directors may, in its sole discretion, amend, suspend, or terminate the share repurchase program at any time. If the board of directors decides to amend, suspend or terminate the share repurchase program, stockholders will be provided with no less than 30 days' written notice. During the three and nine months ended September 30, 2013, there were 21,084 and 58,764 shares repurchased for $208,111 and $581,835 under the share repurchase program for an average repurchase price of $9.87 and $9.90 per share, respectively. During the three months ended September 30, 2012, there were no shares repurchased. During the nine months ended September 30, 2012, there were 2,500 shares repurchased for $24,625 under the share repurchase program for an average repurchase price of $9.85 per share.
	2010 Long-Term Incentive Plan—We have adopted a 2010 Long-Term Incentive Plan which may be used to attract and retain officers, advisors, and consultants. We have not issued any shares under this plan as of September 30, 2013.
	2010 Independent Director Stock Plan—We have also adopted an Amended and Restated 2010 Independent Director Stock Plan which may be used to offer independent directors an opportunity to participate in our growth through awards of shares of restricted common stock subject to time-based vesting. We have not issued any shares under this plan as of September 30, 2013.

Fair_Value_Measurements

Fair Value Measurements

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

'

Fair Value Measurements

'

4. FAIR VALUE MEASUREMENTS

ASC 820, Fair Value Measurement (“ASC 820”) defines fair value, establishes a framework for measuring fair value in accordance with GAAP and expands disclosures about fair value measurements. ASC 820 emphasizes that fair value is intended to be a market-based measurement, as opposed to a transaction-specific measurement. Fair value is defined by ASC 820 as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate the fair value. Assets and liabilities are measured using inputs from three levels of the fair value hierarchy, as follows:

Level 1—Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that we have the ability to access at the measurement date. An active market is defined as a market in which transactions for the assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

Level 2—Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active (markets with few transactions), inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data correlation or other means (market corroborated inputs).

Level 3—Unobservable inputs, only used to the extent that observable inputs are not available, reflect our assumptions about the pricing of an asset or liability.

The following describes the methods we use to estimate the fair value of our financial and non-financial assets and liabilities:

Cash and cash equivalents, restricted cash, accounts receivable, prepaid expenses, accounts payable, and accrued expenses—We consider the carrying values of these financial instruments to approximate fair value because of the short period of time between origination of the instruments and their expected realization.

Real estate investments—The purchase prices of the investment properties, including related lease intangible assets and liabilities, were allocated at estimated fair value based on Level 3 inputs, such as discount rates, capitalization rates, comparable sales, replacement costs, income and expense growth rates and current market rents and allowances as determined by management.

Mortgage loans payable —We estimate the fair value of our debt by discounting the future cash flows of each instrument at rates currently offered for similar debt instruments of comparable maturities by our lenders using Level 3 inputs. The discount rates used approximate current lending rates for loans or groups of loans with similar maturities and credit quality, assuming the debt is outstanding through maturity and considering the debt's collateral (if applicable). Such discount rates were 2.43% for secured variable rate debt and 4.50% for secured fixed rate debt as of September 30, 2013. We have utilized market information as available or present value techniques to estimate the amounts required to be disclosed. The fair values and recorded values of our borrowings as of September 30, 2013, were $216.8 million and $216.3 million, respectively. The fair values and recorded values of our borrowings as of December 31, 2012, were $158.7 million and $159.0 million, respectively.

Derivative instruments — As of September 30, 2013, we are a party to one interest rate swap agreement with a notional amount of $50.0 million that is measured at fair value on a recurring basis. The interest rate swap agreement effectually fixes the variable interest rate of a $50.0 million portion of our secured credit facility at 3.05% through December 2017.

The fair value of the interest rate swap agreement is based on the estimated amount we would receive or pay to terminate the contract at the reporting date and is determined using interest rate pricing models and interest rate related observable inputs. The fair value of our interest rate swap at September 30, 2013 was an asset of $669,000 and is included in derivative asset on our condensed consolidated balance sheet. Although we have determined that the significant inputs used to value our derivative fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with our counterparties and our own credit risk utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by us and our counterparties. However, as of September 30, 2013, we have assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our derivative position and have determined that the credit valuation adjustments are not significant to the overall valuation of our derivative. As a result, we have determined that our derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy.

Considerable judgment is necessary to develop estimated fair values of financial and non-financial assets and liabilities. Accordingly, the estimates presented herein are not necessarily indicative of the amounts we could realize on disposition of the financial assets and liabilities.

A summary of our financial asset that is measured at fair value on a recurring basis, by level within the fair value hierarchy is as follows (in thousands):

30-Sep-13

31-Dec-12

Level 1

Level 2

Level 3

Total

Level 1

Level 2

Level 3

Total

Interest rate swap

$

0

$

669

$

0

$

669

$

0

$

0

$

0

$

0

Real_Estate_Acquisitions

Real Estate Acquisitions	9 Months Ended
	Sep. 30, 2013
Real Estate Acquisitions [Abstract]	'
Real Estate Acquisitions	'
	5. REAL ESTATE ACQUISITIONS
	For the nine months ended September 30, 2013, we acquired all of the interests in 32 grocery-anchored retail centers for a combined purchase price of approximately $550.0 million, including $90.3 million of assumed debt with a fair value of $93.9 million. The following tables present certain additional information regarding our material acquisitions in the Atlanta Portfolio, the March 21st Portfolio (which is comprised of Kleinwood Center, Murray Landing, and Vineyard Center), Northcross, Fairlawn Town Centre, and the remaining properties which were deemed immaterial when acquired but are material in the aggregate. We allocated the purchase price of these acquisitions to the fair value of the assets acquired and lease liabilities assumed as follows (in thousands):
					Building and			In-Place	Above-Market		Below-Market
	Acquisition			Land		Improvements		Leases		Leases		Leases		Total
	Atlanta Portfolio(1)		$	17,516	$	48,401	$	3,195	$	1,376	$	-838	$	69,650
	March 21st Portfolio(2)			12,139		35,058		3,227		1,731		-154		52,001
	Northcross			27,885		28,467		7,443		324		-2,619		61,500
	Fairlawn Town Centre			7,179		32,223		2,478		929		-610		42,199
	Other(3)			66,434		228,437		31,746		4,698		-6,666		324,649
	Total		$	131,153	$	372,586	$	48,089	$	9,058	$	-10,887	$	549,999
	(1)	The Atlanta portfolio consists of the acquisition of seven properties in the Atlanta, Georgia region (The Shops at
		Westridge, Mableton Crossing, Hamilton Ridge, Grassland Crossing, Fairview Oaks, Butler Creek, and Macland
		Pointe) in two related transactions in January and February of 2013.
	(2)	The March 21st portfolio consists of the acquisition of three properties (Kleinwood Center, Murray Landing
		and Vineyard Center) in a single transaction on March 21, 2013.
	(3)	The other 20 acquisitions represent the remaining, individually immaterial properties acquired during the nine
		months ended September 30, 2013 that are material in the aggregate.
	The amounts recognized for revenues, acquisition expenses and net income (loss) from each respective acquisition date to September 30, 2013 related to the operations of our material acquisitions are as follows (in thousands):
	Acquisition			Acquisition Date		Revenues	Acquisition Expenses			Net Income (Loss)
	Atlanta Portfolio(1)		1/15/2013 and 2/13/2013		$	4,967	$	1,121	$	20
	March 21st Portfolio(2)			3/21/13		2,993		769		-904
	Northcross			6/24/13		1,595		722		-114
	Fairlawn Town Centre			1/30/13		3,467		588		341
	Other(3)					6,631		6,016		-5,002
	Total				$	19,653	$	9,216	$	-5,659
	(1)	The Atlanta portfolio consists of the acquisition of seven properties in the Atlanta, Georgia region (The Shops at
		Westridge, Mableton Crossing, Hamilton Ridge, Grassland Crossing, Fairview Oaks, Butler Creek, and Macland
		Pointe) in two related transactions in January and February of 2013.
	(2)	The March 21st portfolio consists of the acquisition of three properties (Kleinwood Center, Murray Landing,
		and Vineyard Center) in a single transaction on March 21, 2013.
	(3)	The other 20 acquisitions represent the remaining, individually immaterial properties acquired during the nine
		months ended September 30, 2013 that are material in the aggregate.
	Additionally, we assumed a $450,000 liability to remediate an environmental issue at Kleinwood Center. We also received from the seller a $450,000 credit at the closing of the purchase of Kleinwood Center to cover the costs of such remediation.
	The following unaudited information summarizes selected financial information from our combined results of operations, as if all of our acquisitions for 2012 and 2013 had been acquired on January 1, 2012.
	We estimated that revenues, on a pro forma basis, for the three months ended September 30, 2013 and 2012, would have been approximately $23.0 million and $22.5 million, respectively, and our net income attributable to our stockholders, on a pro forma basis excluding acquisition expenses, would have been approximately $3.2 million and $4.1 million, respectively. The pro forma net income per share excluding acquisition expenses would have been $0.04 and $0.07, respectively, for the three months ended September 30, 2013 and 2012.
	We estimated that revenues, on a pro forma basis, for the nine months ended September 30, 2013 and 2012, would have been approximately $69.7 million and $67.3 million, respectively, and our net income attributable to our stockholders, on a pro forma basis excluding acquisition expenses, would have been approximately $9.2 million and $12.5 million, respectively. The pro forma net income per share excluding acquisition expenses would have been $0.14 and $0.23, respectively, for the nine months ended September 30, 2013 and 2012.
	This pro forma information is presented for informational purposes only and may not be indicative of what actual results of operations would have been had the transactions occurred at the beginning of the period, nor does it purport to represent the results of future operations.

Acquired_Intangible_Assets

Acquired Intangible Assets	9 Months Ended
	Sep. 30, 2013
Finite Lived Intangible Assets Disclosure [Abstract]	'
Acquired Intangible Assets [Text Block]	'
	6. ACQUIRED INTANGIBLE ASSETS
	Acquired intangible lease assets consisted of the following (in thousands):
				September 30,			December 31,
				2013			2012
		Acquired in-place leases, net of accumulated
			amortization of $7,318 and $2,310,
			respectively	$	58,736		$	15,655
		Acquired above-market leases, net of accumulated
			amortization of $3,223 and $1,534,
			respectively		12,671			5,302
		Total		$	71,407		$	20,957
	Amortization expense recorded on the intangible assets for the three months ended September 30, 2013 and 2012 was $2.8 million and $0.9 million, respectively. Amortization expense recorded on the intangible assets for the nine months ended September 30, 2013 and 2012 was $6.7 million and $2.0 million, respectively.
	Estimated future amortization expense of the respective acquired intangible lease assets as of September 30, 2013 is as follows (in thousands):
		Year			In-Place Leases			Above Market Leases
		October 1 to December 31, 2013			$	2,392		$	688
		2014				10,074			2,847
		2015				9,171			2,594
		2016				8,197			2,028
		2017				6,914			1,563
		2018 and thereafter				21,988			2,951
		Total			$	58,736		$	12,671
	The weighted-average amortization periods for acquired in-place lease and above-market lease intangibles are nine years and
	six years, respectively.

Mortgage_Loans_Payable

Mortgage Loans Payable	9 Months Ended
	Sep. 30, 2013
Mortgage Loans Payable [Abstract]	'
Mortgages and Loans Payable	'
	7. MORTGAGES AND LOANS PAYABLE
	As of September 30, 2013, we had approximately $216.3 million of outstanding mortgage notes payable, inclusive of a below-market assumed debt adjustment of $4.7 million. As of December 31, 2012, we had approximately $159.0 million of outstanding mortgage notes payable, inclusive of a below-market assumed debt adjustment of $1.9 million. Each mortgage note payable is secured by the respective property on which the debt was placed. Certain of the mortgage notes allow us to generally make additional principal payments on the loan and draw those amounts back, not to exceed the initial loan amount, as needed. As of September 30, 2013 and December 31, 2012, the weighted-average interest rate for the loans was 4.60% and 3.58%, respectively.
	As of September 30, 2013, excluding the below-market debt adjustment, we held $106.2 million of our debt obligations through the Joint Venture, in which we have a 54% interest, and we held $105.4 million of our debt obligations directly. As of December 31, 2012, excluding the below-market debt adjustment, we held $104.6 million of our debt obligations through the Joint Venture, in which we have a 54% interest, and we held $52.5 million of our debt obligations directly. We also have a $265.0 million secured revolving credit facility, which may be expanded to $300.0 million, with no current outstanding principal balance as of September 30, 2013, from which we may draw funds to pay certain long-term debt obligations as they mature. As of September 30, 2013, the current borrowing capacity of the secured revolving credit facility was $143.2 million, based on the properties collateralizing the obligation. Of the amount outstanding on our mortgage notes payable at September 30, 2013, $16.3 million is for loans which mature in 2013. Subsequent to September 30, 2013, we repaid all such loans. As of December 31, 2012, our leverage ratio, or the ratio of total debt, less cash and cash equivalents, to total real estate investments, at cost, was approximately 48.5%. As of September 30, 2013, we had no leverage, as defined in the previous sentence, as our cash balances exceeded debt outstanding.
	During the nine months ended September 30, 2013, in conjunction with our acquisition of eight real estate properties, we assumed debt of $90.3 million with a fair value of $93.9 million. During the nine months ended September 30, 2012, in conjunction with our acquisition of four real estate properties, we assumed debt of $34.1 million with a fair value of $35.8 million. The assumed debt market adjustment will be amortized over the remaining life of the loans, and this amortization is classified as interest expense. The amortization recorded on the assumed below-market debt adjustment was $372,000 and $69,000 for the three months ended September 30, 2013 and 2012, respectively. The amortization recorded on the assumed below-market debt adjustment was $830,000 and $82,000 for the nine months ended September 30, 2013 and 2012, respectively.
	The following is a summary of our debt obligations as of September 30, 2013 and December 31, 2012 (in thousands):
			30-Sep-13				31-Dec-12
			Outstanding		Maximum		Outstanding		Maximum
			Principal		Borrowing		Principal		Borrowing
			Balance		Capacity		Balance		Capacity
	Fixed rate mortgages payable(1)		$	133,228	$	133,228	$	43,934	$	43,934
	Variable rate mortgages payable			78,372		87,931		76,424		89,475
	Secured credit facility - fixed rate(2)			0		50,000		0		0
	Secured credit facility - variable rate(2)			0		93,146		36,709		40,000
	Unsecured credit facility			0		0		0		10,000
	Assumed below-market debt adjustment			4,715		N/A		1,940		N/A
	Total		$	216,315	$	364,305	$	159,007	$	183,409
	(1)	Due to the non-recourse nature of certain mortgages, the assets and liabilities of the following properties are neither
		available to pay the debts of the consolidated limited liability companies nor constitute obligations of the consolidated
		limited liability companies: Baker Hill Station LLC, Broadway Station LLC, Northridge Station LLC, Kleinwood
		Station LLC, Murray Station LLC, Vineyard Station LLC, Sunset Center Station LLC, Westwood Station LLC,
		Stockbridge Station LLC and East Burnside Station LLC. The outstanding principal balance of these non-recourse
		mortgages as of September 30, 2013 was $108,043. The outstanding principal balance of the non-recourse mortgages as
		of December 31, 2012 was $28,925.
	(2)	The interest rate on $50,000 of the amount available under our secured credit facility is effectually fixed at 3.05% through
		December 2017 by an interest rate swap agreement (See Notes 4 and 10). The maximum borrowing capacity under our
		secured credit facility is determined based on the properties securing the amounts outstanding under the facility at
		the time of calculation.
	Below is a listing of the mortgage loans payable with their respective principal payment obligations (in thousands) and
	weighted-average interest rates:
			2013(1)		2014		2015		2016		2017		Thereafter		Total
	Maturing debt:(2)
		Fixed rate mortgages payable	$	496	$	18,046	$	28,404	$	25,596	$	43,689	$	16,997	$	133,228
		Variable rate mortgages payable		16,498		650		650		14,650		33,574		12,350		78,372
	Total maturing debt		$	16,994	$	18,696	$	29,054	$	40,246	$	77,263	$	29,347	$	211,600
	Weighted-average interest rate on debt:
		Fixed rate mortgages payable(3)		6.50%		7.40%		5.50%		5.80%		5.30%		6.30%		5.80%
		Variable rate mortgages payable		2.70%		2.40%		2.40%		2.70%		2.40%		2.60%		2.50%
	Total			2.80%		7.20%		5.40%		4.70%		4.00%		4.70%		4.60%
	(1)	Includes only October 1, 2013 through December 31, 2013.
	(2)	The debt maturity table does not include any below-market debt adjustment, of which $4,715, net of accumulated
		amortization was outstanding as of September 30, 2013.
	(3)	All but $6.7 million of the fixed rate debt represents loans assumed as part of certain acquisitions. The assumed loans
		typically have higher interest rates than interest rates associated with new debt.
	As of September 30, 2013, we believe we were in compliance with all debt covenants.

Acquired_Below_Market_Lease_In

Acquired Below Market Lease Intangibles	9 Months Ended
	Sep. 30, 2013
Acquired Below Market Lease Intangibles [Abstract]	'
Acquired Below-Market Lease Intangibles [Text Block]	'
	8. ACQUIRED BELOW-MARKET LEASE INTANGIBLES
	Acquired below-market lease intangibles consisted of the following (in thousands):
					September 30,		December 31,
					2013		2012
			Acquired below-market leases, net of accumulated
				amortization of $2,036 and $811, respectively	$	14,554	$	4,892
	Amortization recorded on the intangible liabilities for the three months ended September 30, 2013 and 2012 was $0.5 million and $0.2 million, respectively. Amortization recorded on the intangible liabilities for the nine months ended September 30, 2013 and 2012 was $1.2 million and $0.4 million, respectively.
	Estimated future amortization income of the intangible lease liabilities as of September 30, 2013 is as follows (in thousands):
		Year	Below Market Leases
		October 1 to December 31, 2013	$	567
		2014		2,294
		2015		2,050
		2016		1,832
		2017		1,452
		2018 and thereafter		6,359
		Total	$	14,554
	The weighted-average amortization period for below market lease intangibles is 11 years.

Commitments_And_Contingencies

Commitments And Contingencies	9 Months Ended
	Sep. 30, 2013
Commitments And Contingencies [Abstract]	'
Commitments And Contingencies	'
	9. COMMITMENTS AND CONTINGENCIES
	Litigation
	In the ordinary course of business, we may become subject to litigation or claims. There are no material legal proceedings pending, or known to be contemplated, against us.
	Environmental Matters
	In connection with the ownership and operation of real estate, we may be potentially liable for costs and damages related to environmental matters. We have not been notified by any governmental authority of any non-compliance, liability or other claim, and we are not aware of any other environmental condition that we believe will have a material impact on our condensed consolidated financial statements.
	Operating Lease
	We lease land under a long-term lease at one property, which was acquired in 2011. Total rental expense for the lease was $5,000 for the three months ended September 30, 2013 and 2012. Total rental expense for the lease was $15,000 and $14,000 for the nine months ended September 30, 2013 and 2012, respectively. Minimum rental commitments under the noncancelable term of the lease as of September 30, 2013 are as follows: (i) October 1 to December 31, 2013, $5,000; (ii) 2014, $20,000; (iii) 2015, $20,000; (iv) 2016, $20,000; and (v) 2017, $17,000.

Derivatives_And_Hedging_Activi

Derivatives And Hedging Activities	9 Months Ended
	Sep. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Derivatives and Hedging Activities [Text Block]	'
	10. DERIVATIVES AND HEDGING ACTIVITIES
	Risk Management Objective of Using Derivatives
	We are exposed to certain risk arising from both our business operations and economic conditions. We principally manage our exposures to a wide variety of business and operational risks through management of our core business activities. We manage economic risks, including interest rate risk, primarily by managing the amount, sources, and duration of our debt funding and the use of derivative financial instruments. Specifically, we enter into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. Our derivative financial instruments are used to manage differences in the amount, timing, and duration of our known or expected cash receipts and our known or expected cash payments principally related to our investments and borrowings.
	Cash Flow Hedges of Interest Rate Risk
	Our objectives in using interest rate derivatives are to add stability to interest expense and to manage our exposure to interest rate movements. To accomplish this objective, we primarily use interest rate swaps as part of our interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for our making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount.
	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. During 2013, such derivatives were used to hedge the variable cash flows associated with certain variable-rate debt. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. During the three and nine months ended September 30, 2013, we recorded losses of $57,000 and $47,000 respectively, due to a notional mismatch between the debt and swap. During the three months ended September 30, 2013, we had no debt that could be hedged by the interest rate swap.
	Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on our variable-rate debt. We estimate that an additional $0.3 million will be reclassified from accumulated other comprehensive income as an increase to interest expense over the next 12 months.
	Tabular Disclosure of the Effect of Derivative Instruments on the Condensed Consolidated Statements of Operations and Comprehensive Loss
	The table below presents the effect of our derivative financial instruments on the condensed consolidated statements of operations and comprehensive loss for the three and nine months ended September 30, 2013 (in thousands). We had no derivative financial instruments in 2012.
		Three Months Ended		Nine Months Ended
	Derivatives in Cash Flow Hedging Relationships (Interest Rate Swap)	30-Sep-13		30-Sep-13
	Amount of gain (loss) recognized in other comprehensive income on derivative	$	-357	$	557
	Amount of gain (loss) reclassified from accumulated other comprehensive income
	into interest expense		24		-57
	Amount of loss recognized in income on derivative (ineffective portion,
	reclassifications of missed forecasted transactions and amounts excluded from
	effectiveness testing)		-57		-47
	Credit-risk-related Contingent Features
	We have an agreement with our derivative counterparty that contains a provision where if we either default or are capable of being declared in default on any of our indebtedness, then we could also be declared in default on our derivative obligations.
	As of September 30, 2013, the derivative is not in a liability position and we have not posted any collateral related to this agreement nor were we in breach of any agreement provisions.

Related_Party_Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	11. RELATED PARTY TRANSACTIONS
	Advisory Agreement—Pursuant to our advisory agreement, the Advisor is entitled to specified fees for certain services, including managing our day-to-day activities and implementing our investment strategy. The Advisor has entered into a sub-advisory agreement with the Sub-advisor, which manages our day-to-day affairs and our portfolio of real estate investments on behalf of the Advisor, subject to the board's supervision and certain major decisions requiring the consent of both the Advisor and Sub-advisor. The expenses to be reimbursed to the Advisor and Sub-advisor will be reimbursed in proportion to the amount of expenses incurred on our behalf by the Advisor and Sub-advisor, respectively.
	Organization and Offering Costs—Under the terms of the advisory agreement, we are to reimburse on a monthly basis the Advisor, the Sub-advisor or their respective affiliates for cumulative organization and offering costs and future organization and offering costs they may incur on our behalf but only to the extent that the reimbursement would not exceed 1.5% of gross offering proceeds over the life of our initial public offering. As of September 30, 2013, the Advisor, Sub-advisor and their affiliates have charged us approximately $22.3 million of organization and offering costs, and we have reimbursed $21.7 million of such costs, resulting in a net payable of $0.6 million. As of December 31, 2012, the Advisor, Sub-advisor and their affiliates had charged us approximately $7.2 million of organization and offering costs, and we had reimbursed $4.2 million of such costs, resulting in a net payable of $3.0 million.
	Acquisition Fee—We pay the Advisor an acquisition fee related to services provided in connection with the selection and purchase or origination of real estate and real estate-related investments. The acquisition fee is equal to 1.0% of the cost of investments we acquire or originate, including any debt attributable to such investments.
	Asset Management Fee— On February 4, 2013, we and the Operating Partnership entered into an Amended and Restated Advisory Agreement (the “A&R Advisory Agreement”) with the Advisor. The A&R Advisory Agreement provides that the asset management compensation structure contemplated in the previous advisory agreement between us and the Advisor (as discussed above) is eliminated effective October 1, 2012. Instead, we issue to the Advisor on a quarterly basis performance-based restricted partnership units of the Operating Partnership designated as “Class B units.” The Class B units will vest, and will no longer be subject to forfeiture, at such time as all of the following events occur: (x) the value of the Operating Partnership's assets plus all distributions made equals or exceeds the total amount of capital contributed by investors plus a 6% cumulative, pre-tax, non-compounded annual return thereon (the “economic hurdle”); (y) any one of the following occurs: (1) the termination of the A&R Advisory Agreement by an affirmative vote of a majority of our independent directors without cause; (2) a listing event; or (3) another liquidity event; and (z) the Advisor is still providing advisory services to us (the “service condition”). Such Class B units will be forfeited immediately if: (a) the A&R Advisory Agreement is terminated for cause; or (b) the A&R Advisory Agreement is terminated by an affirmative vote of a majority of our independent directors without cause before the economic hurdle has been met. The Class B units are participating securities that receive distributions at the same rates and dates as the distributions paid to our common stockholders. These distributions are calculated as the product of the number of unvested units issued to date and the stated distribution rate at the time such distribution is authorized.
	On February 13, 2013, the Operating Partnership issued 59,245 Class B units to the Advisor under the A&R Advisory Agreement for the asset management services performed by the Advisor during the period from October 1, 2012 through December 31, 2012. On April 18, 2013, the Operating Partnership issued 104,372 Class B units to the Advisor under the A&R Advisory Agreement for the asset management services performed by the Advisor during the period from January 1, 2013 through March 31, 2013. On July 25, 2013, the Operating Partnership issued 155,773 Class B units to the Advisor under the A&R Advisory Agreement for the asset management services performed by the Advisor during the period from April 1, 2013 through June 30, 2013. On October 14, 2013, the Operating Partnership issued 212,991 Class B units to the Advisor under the A&R Advisory Agreement for the asset management services performed by the Advisor during the period from July 1, 2013 through September 30, 2013. These Class B units will not vest until the conditions referenced above have been met. Because we do not deem the vesting conditions to be probable, the units will not be recorded as equity or an obligation until the Class B units vest.
	Prior to October 1, 2012, we paid the Advisor an asset management fee for the asset management services it provides pursuant to the advisory agreement. The asset management fee, payable monthly in arrears (based on assets we held during the previous month) was equal to 0.08333% of the sum of the cost of all real estate and real estate-related investments we owned and of our investments in joint ventures, including certain expenses and any debt attributable to such investments. However, the Advisor reimbursed all or a portion of the asset management fee for any applicable period to the extent that as of the date of the payment, our modified funds from operations (as defined in accordance with the then-current practice guidelines issued by the Investment Program Association with an additional adjustment to add back capital contribution amounts received from the Sub-advisor or an affiliate thereof, without any corresponding issuance of equity to the Sub-advisor or its affiliate), during the quarter were not at least equal to our declared distributions during the quarter. We could not avoid payment of an asset management fee by raising our distribution rate beyond $0.65 per share on an annualized basis.
	The CBRE Investors continue to pay asset management fees in cash pursuant to the advisory agreement between the Joint Venture and the Advisor (the “JV Advisory Agreement”).
	Financing Fee—We pay the Advisor or Sub-advisor a financing fee equal to 0.75% of all amounts made available under any loan or line of credit.
	Disposition Fee—For substantial assistance by the Advisor, Sub-advisor or any of their affiliates in connection with the sale of properties or other investments, we will pay the Advisor or its assignee 2.0% of the contract sales price of each property or other investment sold. The conflicts committee of our board of directors will determine whether the Advisor, Sub-advisor or their respective affiliates have provided substantial assistance to us in connection with the sale of an asset. Substantial assistance in connection with the sale of a property includes the Advisor's or Sub-advisor's preparation of an investment package for the property (including an investment analysis, rent rolls, tenant information regarding credit, a property title report, an environmental report, a structural report and exhibits) or such other substantial services performed by the Advisor or Sub-advisor in connection with a sale. However, if we sell an asset to an affiliate, our organizational documents will prohibit us from paying the Advisor, the Sub-advisor or their respective affiliates a disposition fee.
	General and Administrative Expenses—As of September 30, 2013 and December 31, 2012, we owed the Advisor, Sub-advisor and their affiliates $58,000 and $2,000, respectively, for general and administrative expenses paid on our behalf. As of September 30, 2013, the Advisor, Sub-advisor and their affiliates have not allocated any portion of their employees' salaries to general and administrative expenses.
	Summarized below are the fees earned by and the expenses reimbursable to the Advisor and the Sub-advisor, except for organization and offering costs and general and administrative expenses, which we disclose above, for the three and nine months ended September 30, 2013 and 2012 and any related amounts unpaid as of September 30, 2013 and December 31, 2012 (in thousands):
			For the Three Months Ended						For the Nine Months Ended						Unpaid Amount as of
			September 30,						September 30,						September 30,			December 31,
			2013			2012			2013			2012			2013			2012
	Acquisition fees		$	2,029		$	564		$	5,519		$	900		$	0		$	191
	Class B unit distribution(1)			41			0			69			0			17			0
	Asset management fees			250			480			748			995			83			248
	Asset management fees waived			0			268			0			546
	Asset management fees - net(2)			250			212			748			449			83			248
	Financing fees			289			304			2,384			382			0			0
	Disposition fees			0			0			0			0			0			0
	(1)	Represents the distributions paid to the Advisor and Sub-advisor as holders of Class B units of the Operating Partnership.
	(2)	Asset management fees are net of fees waived. The only amounts not waived since inception are those fees paid by the CBRE Investors.
	Subordinated Participation in Net Sales Proceeds—The Operating Partnership will pay to PE-ARC Special Limited Partner, LLC (the “Special Limited Partner”) a subordinated participation in the net sales proceeds of the sale of real estate assets equal to 15.0% of remaining net sales proceeds after return of capital contributions to stockholders plus payment to investors of a 7.0% cumulative, pre-tax, non-compounded return on the capital contributed by stockholders. The Advisor has a 15.0% interest and the Sub-advisor has an 85.0% interest in the Special Limited Partner. No sales of real estate assets occurred in the three and nine months ended September 30, 2013 and 2012.
	Subordinated Incentive Listing Distribution—The Operating Partnership will pay to the Special Limited Partner a subordinated incentive listing distribution upon the listing of our common stock on a national securities exchange. Such incentive listing distribution is equal to 15.0% of the amount by which the market value of all of our issued and outstanding common stock plus distributions exceeds the aggregate capital contributed by stockholders plus an amount equal to a 7.0% cumulative, pre-tax non-compounded annual return to stockholders.
	Neither the Special Limited Partner nor any of its affiliates can earn both the subordinated participation in the net sales proceeds and the subordinated incentive listing distribution. No subordinated incentive listing distribution was earned for the three and nine months ended September 30, 2013 and 2012.
	Subordinated Distribution Upon Termination of the Advisor Agreement—Upon termination or non-renewal of the A&R Advisory Agreement, the Special Limited Partner shall be entitled to a subordinated termination distribution in the form of a non-interest bearing promissory note equal to 15.0% of the amount by which the cost of our assets plus distributions exceeds the aggregate capital contributed by stockholders plus an amount equal to a 7.0% cumulative, pre-tax non-compounded annual return to stockholders. In addition, the Special Limited Partner may elect to defer its right to receive a subordinated distribution upon termination until either a listing on a national securities exchange or other liquidity event occurs.
	Property Manager—All of our real properties are managed and leased by Phillips Edison & Company Ltd. (the “Property Manager”), an affiliated property manager. The Property Manager is wholly owned by our Phillips Edison sponsor and was organized on September 15, 1999. The Property Manager also manages real properties acquired by the Phillips Edison affiliates or other third parties.
	We pay to the Property Manager monthly property management fees equal to 4.5% of the gross cash receipts of the properties managed by the Property Manager. In the event that we contract directly with a non-affiliated third-party property manager with respect to a property, we will pay the Property Manager a monthly oversight fee equal to 1.0% of the gross revenues of the property managed. In addition to the property management fee or oversight fee, if the Property Manager provides leasing services with respect to a property, we pay the Property Manager leasing fees in an amount equal to the leasing fees charged by unaffiliated persons rendering comparable services in the same geographic location of the applicable property. We reimburse the costs and expenses incurred by the Property Manager on our behalf, including legal, travel and other out-of-pocket expenses that are directly related to the management of specific properties, as well as fees and expenses of third-party accountants.
	If we engage the Property Manager to provide construction management services with respect to a particular property, we pay a construction management fee in an amount that is usual and customary for comparable services rendered to similar projects in the geographic market of the property.
	The Property Manager hires, directs and establishes policies for employees who have direct responsibility for the operations of each real property it manages, which may include, but is not limited to, on-site managers and building and maintenance personnel. Certain employees of the Property Manager may be employed on a part-time basis and may also be employed by the Sub-advisor or certain of its affiliates. The Property Manager also directs the purchase of equipment and supplies and will supervise all maintenance activity.
	Summarized below are the fees earned by and the expenses reimbursable to the Property Manager for the three and nine months ended September 30, 2013 and 2012 and any related amounts unpaid as of September 30, 2013 and December 31, 2012 (in thousands):
		For the Three Months Ended						For the Nine Months Ended						Unpaid Amount as of
		September 30,						September 30,						September 30,			December 31,
		2013			2012			2013			2012			2013			2012
	Property management fees	$	851		$	212		$	1,884		$	450		$	581		$	112
	Leasing commissions		429			71			896			157			158			96
	Construction management fees		84			10			160			20			50			18
	Other fees and reimbursements		191			89			453			145			126			-20
	Total	$	1,555		$	382		$	3,393		$	772		$	915		$	206
	Dealer Manager—Our dealer manager is Realty Capital Securities, LLC (the “Dealer Manager”). The Dealer Manager is a member firm of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and was organized on August 29, 2007. The Dealer Manager is a subsidiary of an entity which is under common ownership with our AR Capital sponsor and provides certain sales, promotional and marketing services in connection with the distribution of the shares of common stock offered under our initial public offering. Excluding shares sold pursuant to the “friends and family” program, the Dealer Manager is generally paid a sales commission equal to 7.0% of the gross proceeds from the sale of shares of the common stock sold in the primary offering and a dealer manager fee equal to 3.0% of the gross proceeds from the sale of shares of the common stock sold in the primary offering. The Dealer Manager typically reallows 100% of the selling commissions and a portion of the dealer manager fee to participating broker-dealers.
	Summarized below are the fees earned by the Dealer Manager for the three and nine months ended September 30, 2013 and 2012 (in thousands):
		For the Three Months Ended						For the Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
	Selling commissions	$	32,296		$	2,258		$	57,761		$	4,246
	Selling commissions reallowed to participating broker dealers		32,296			2,258			57,761			4,246
	Dealer manager fees		15,412			686			27,422			1,338
	Dealer manager fees reallowed to participating broker dealers		5,381			230			9,585			439
	Share Purchases by Sub-advisor—The Sub-advisor has agreed to purchase on a monthly basis sufficient shares sold in our public offering such that the total shares owned by the Sub-advisor is equal to at least 0.10% of our outstanding shares (excluding shares issued after the commencement of, and outside of, the initial public offering) at the end of each immediately preceding month. The Sub-advisor will purchase shares at a purchase price of $9.00 per share, reflecting no dealer manager fee or selling commissions being paid on such shares. The Sub-advisor may not sell any of these shares while serving as the Sub-advisor.
	As of September 30, 2013, the Sub-advisor owned 110,529 shares of our common stock, or approximately 0.10% of our outstanding common stock. As of December 31, 2012, the Sub-advisor owned 23,061 shares of our common stock, or approximately 0.17% of our outstanding common stock.

Economic_Dependency

Economic Dependency	9 Months Ended
	Sep. 30, 2013
Economic Dependency [Abstract]	'
Economic Dependency	'
	12. ECONOMIC DEPENDENCY
	We are dependent on the Advisor, the Sub-advisor, the Property Manager, the Dealer Manager and their respective affiliates for certain services that are essential to us, including the sale of our shares of common stock, asset acquisition and disposition decisions, asset management, operating and leasing of our properties, and other general and administrative responsibilities. In the event that the Advisor, the Sub-advisor, the Property Manager and/or the Dealer Manager are unable to provide such services, we would be required to find alternative service providers or sources of capital.
	As of September 30, 2013 and December 31, 2012, we owed the Advisor, the Sub-advisor and their respective affiliates approximately $1.7 million and $3.6 million, respectively, for offering and organization expenses, general and administrative expenses and asset management, property management, and other fees payable as shown below (in thousands):
		September 30,		December 31,
		2013		2012
	Offering and organization expenses payable	$	582	$	2,987
	General and administrative expenses of the company paid by a sponsor		58		2
	Asset management, property management, and other fees payable		1,015		645
	Total due	$	1,655	$	3,634
	In addition, the sponsors have provided $228,000 since inception for certain of our general and administrative expenses as capital contributions. The sponsors have not received, and will not receive, any reimbursement for these contributions. There was no sponsor contribution for the three and nine months ended September 30, 2013 or 2012. Our sponsors do not intend to make further capital contributions to continue to fund certain of our general and administrative expenses.

Future_Minimum_Rents

Future Minimum Rents	9 Months Ended
	Sep. 30, 2013
Future Minimum Rents [Abstract]	'
Future Minimum Rents [Text Block]	'
	13. FUTURE MINIMUM RENTS
	Our operating leases' terms and expirations vary. The leases frequently have provisions to extend the lease agreements and other terms and conditions as negotiated. We retain substantially all of the risks and benefits of ownership of the real estate assets leased to tenants.
	Approximate future rentals to be received under non-cancelable operating leases in effect at September 30, 2013, assuming no new or renegotiated leases or option extensions on lease agreements, are as follows (in thousands):
		Year	Amount
		October 1 to December 31, 2013	$	17,485
		2014		67,546
		2015		61,739
		2016		55,901
		2017		49,762
		2018 and thereafter		258,136
		Total	$	510,569
	One tenant, Publix, comprised approximately 10% of the aggregate annualized effective rent of our 58 shopping centers as of September 30, 2013. No other tenant comprised 10% or more of our aggregate annualized effective rent as of September 30, 2013.

Subsequent_Events

Subsequent Events	9 Months Ended
	Sep. 30, 2013
Subsequent Events [Abstract]	'
Subsequent Events	'
	14. SUBSEQUENT EVENTS
	Sale of Shares of Common Stock
	From October 1, 2013 through October 31, 2013, we raised approximately $210.1 million of offering proceeds through the issuance of 21,142,207 shares of common stock under our initial public offering. As of November 1, 2013, approximately 22.4 million shares remained available for sale to the public under our offering, exclusive of shares available under the DRP.
	Distributions
	On October 1, 2013, we paid a distribution equal to a daily amount of $0.00183562 per share of common stock outstanding for stockholders of record for the period from September 1, 2013 through September 30, 2013. The total gross amount of the distribution was approximately $5.4 million, with $2.7 million being reinvested in the DRP, for a net cash distribution of $2.7 million.
	On November 1, 2013, we paid a distribution equal to a daily amount of $0.00183562 per share of common stock outstanding for stockholders of record for the period from October 1, 2013 through October 31, 2013. The total gross amount of the distribution was approximately $6.8 million, with $3.4 million being reinvested in the DRP, for a net cash distribution of $3.4 million.
	On September 4, 2013, our board of directors authorized distributions to the stockholders of record at the close of business each day in the period commencing November 1, 2013 through and including November 30, 2013. On October 14, 2013, our board of directors authorized distributions to the stockholders of record at the close of business each day in the period commencing December 1, 2013 through and including December 31, 2013. The authorized distributions equal an amount of $0.00183562 per share of common stock, par value $0.01 per share. This equates to an approximate 6.70% annualized yield when calculated on a $10.00 per share purchase price. A portion of each distribution is expected to constitute a return of capital for tax purposes. We expect to pay these distributions on December 2, 2013 and January 2, 2014. Our policy is not to fund distributions with offering proceeds.
	Acquisition of CitiCentre Plaza
	On October 2, 2013, we acquired a 100% interest in a Hy-Vee-anchored shopping center, CitiCentre Plaza, located in Carroll, Iowa, for a purchase price of approximately $3.8 million. The acquisition was funded with proceeds from our ongoing initial public offering. CitiCentre Plaza, a 63,518 square foot property, was 87.7% leased at the time of acquisition.
	Acquisition of Duck Creek Plaza
	On October 8, 2013, we acquired a 100% interest in a Schnucks-anchored shopping center, Duck Creek Plaza, located in Bettendorf, Iowa, for a purchase price of approximately $19.7 million. The acquisition was funded with proceeds from our ongoing initial public offering. Duck Creek Plaza, a 134,229 square foot property, was 92.9% leased at the time of acquisition.
	Acquisition of Cahill Plaza
	On October 9, 2013, we acquired a 100% interest in a Cub Foods-anchored shopping center, Cahill Plaza, located in Inver Grove Heights, Minnesota, for a purchase price of approximately $8.4 million. The acquisition was funded with proceeds from our ongoing initial public offering. Cahill Plaza, a 69,000 square foot property, was 96.0% leased at the time of acquisition.
	Acquisition of Pioneer Plaza
	On October 18, 2013, we acquired a 100% interest in a Safeway-anchored shopping center, Pioneer Plaza, located in Springfield, Oregon, for a purchase price of approximately $11.9 million. The acquisition was funded with proceeds from our ongoing initial public offering. Pioneer Plaza, a 96,027 square foot property, was 85.5% leased at the time of acquisition.
	Acquisition of Fresh Market
	On October 22, 2013, we acquired a 100% interest in a Fresh Market-anchored shopping center, Fresh Market, located in Normal, Illinois, for a purchase price of approximately $11.8 million. A portion of the purchase price consisted of the assumption of a $6.2 million mortgage loan. The remainder of the purchase price was funded with proceeds from our ongoing initial public offering. Fresh Market, a 76,017 square foot property, was 100% leased at the time of acquisition.
	Acquisition of Courthouse Marketplace
	On October 25, 2013, we acquired a 100% interest in a Harris Teeter-anchored shopping center, Courthouse Marketplace, located in Virginia Beach, Virginia, for a purchase price of approximately $16.1 million. The acquisition was funded with proceeds from our ongoing initial public offering. Courthouse Marketplace, a 106,863 square foot property, was 82.9% leased at the time of acquisition.
	Acquisition of Hastings Marketplace
	On November 6, 2013, we acquired a 100% interest in a Cub Foods-anchored shopping center, Hastings Marketplace, located in Hastings, Minnesota, for a purchase price of approximately $15.9 million. The acquisition was funded with proceeds from our ongoing initial public offering. Hastings Marketplace, a 97,535 square foot property, was 100% leased at the time of acquisition.
	Acquisition of November 7 Portfolio
	On November 7, 2013, we acquired a 100% interest in a four property portfolio of Publix-anchored shopping centers, for a purchase price of approximately $60.9 million. A portion of the purchase price consisted of the assumption of $13.3 million in mortgage loans. The remainder of the purchase price was funded with proceeds from our ongoing initial public offering. The individual properties are located in: Ft. Lauderdale, Florida, Spring Hill, Florida, West Kendall, Florida and Watkinsville, Georgia. The portfolio consists of a total of 357,221 square feet and was 92.8% leased at the time of acquisition.
	Payoff of Debt Obligations
	Subsequent to September 30, 2013, we made net payments of $74.4 million to the lenders under various revolving lines of credit.

Significant_Accounting_Policie

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2013
Summary Of Significant Accounting Policies [Abstract]	'
ConsolidationPolicyTextBlock, Policy [Policy Text Block]	'
	Basis of Presentation and Principles of Consolidation—The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with instructions to 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. Readers of this Quarterly Report on Form 10-Q should refer to the audited financial statements of Phillips Edison-ARC Shopping Center REIT Inc. for the year ended December 31, 2012, which are included in our 2012 Annual Report on Form 10-K as certain footnote disclosures contained in such audited financial statements have been omitted from this Quarterly Report on Form 10-Q. In the opinion of management, all adjustments (consisting of normal recurring accruals) necessary for the fair presentation have been included in this Quarterly Report.
	The condensed consolidated financial statements include our accounts and those of our majority-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Investment Property and Lease Intangibles, Policy [Text Block]	'
	Investment Property and Lease Intangibles—Real estate assets we have acquired are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method. The estimated useful lives for computing depreciation are generally 5-7 years for furniture, fixtures and equipment, 15 years for land improvements and 30 years for buildings and building improvements. Tenant improvements are amortized over the shorter of the respective lease term or the expected useful life of the asset. Major replacements that extend the useful lives of the assets are capitalized, and maintenance and repair costs are expensed as incurred.
	The results of operations of acquired properties are included in our results of operations from their respective dates of acquisition. Estimates of future cash flows, estimates of replacement cost, and other valuation techniques that we believe are similar to those used by independent appraisers are used to allocate the purchase price of each identifiable asset acquired and liabilities assumed such as land, buildings and improvements, equipment and identifiable intangible assets and liabilities, such as amounts related to in-place leases, acquired above- and below-market leases, tenant relationships, asset retirement obligations, mortgage notes payable and any goodwill or gain on purchase. Acquisition-related costs are expensed as incurred.
	The fair values of buildings and improvements are determined on an as-if-vacant basis. The estimated fair value of acquired in-place leases is the cost we would have incurred to lease the properties to the occupancy level of the properties at the date of acquisition. Such estimates include leasing commissions, legal costs and other direct costs that would be incurred to lease the properties to such occupancy levels. Additionally, we evaluate the time period over which such occupancy levels would be achieved. Such evaluation includes an estimate of the net market-based rental revenues and net operating costs (primarily consisting of real estate taxes, insurance and utilities) that would be incurred during the lease-up period. Acquired in-place leases as of the date of acquisition are amortized over the remaining lease terms.
	Acquired above- and below-market lease values are recorded based on the present value (using interest rates that reflect the risks associated with the leases acquired) of the difference between the contractual amounts to be paid pursuant to the in-place leases and management's estimate of the market lease rates for the corresponding in-place leases. The capitalized above- and below-market lease values are amortized as adjustments to rental income over the remaining terms of the respective leases. We also include fixed rate renewal options in our calculation of the fair value of below-market leases and the periods over which such leases are amortized. If a tenant has a unilateral option to renew a below-market lease, we include such an option in the calculation of the fair value of such lease and the period over which the lease is amortized if we determine that the tenant has a financial incentive to exercise such option.
	Management estimates the fair value of assumed mortgage notes payable based upon indications of then-current market pricing for similar types of debt with similar maturities. Assumed mortgage notes payable are initially recorded at their estimated fair value as of the assumption date, and the difference between such estimated fair value and the note's outstanding principal balance is amortized over the life of the mortgage note payable as an adjustment to interest expense.
Derivative Instruments and Hedging Activities, Policy [Policy Text Block]	'
	Derivative Instruments and Hedging Activities—At times, we may use derivative instruments to manage exposure to variable interest rate risk. We generally enter into interest rate swaps to manage such risk. We enter into derivative instruments that qualify as cash flow hedges, and we do not enter into derivative instruments for speculative purposes. The interest rate swaps associated with our cash flow hedges are recorded at fair value on a recurring basis. We assess effectiveness of our cash flow hedges both at inception and on an ongoing basis. The effective portion of changes in fair value of the interest rate swaps associated with our cash flow hedges is recorded in accumulated other comprehensive income and is subsequently reclassified into interest expense as interest is incurred on the related variable rate debt. Our cash flow hedges become ineffective if critical terms of the hedging instrument and the debt instrument do not perfectly match, such as notional amounts, settlement dates, reset dates, calculation period and LIBOR rate. When ineffectiveness exists, the ineffective portion of changes in fair value of the interest rate swaps associated with our cash flow hedges is recognized in earnings in the period affected. In addition, we evaluate the default risk of the counterparty by monitoring the credit worthiness of the counterparty. Derivative instruments and hedging activities require management to make judgments on the nature of its derivatives and their effectiveness as hedges. These judgments determine if the changes in fair value of the derivative instruments are reported in the condensed consolidated statements of operations and comprehensive loss as a component of net loss or as a component of comprehensive income and as a component of stockholders' equity on the consolidated balance sheets. While management believes its judgments are reasonable, a change in a derivative's effectiveness as a hedge could materially affect expenses, net income and equity.
Revenue Recognition, Policy [Policy Text Block]	'
	Revenue Recognition—We commence revenue recognition on our leases based on a number of factors. In most cases, revenue recognition under a lease begins when the lessee takes possession of or controls the physical use of the leased asset. Generally, this occurs on the lease commencement date. The determination of who is the owner, for accounting purposes, of the tenant improvements determines the nature of the leased asset and when revenue recognition under a lease begins. If we are the owner, for accounting purposes, of the tenant improvements, then the leased asset is the finished space and revenue recognition begins when the lessee takes possession of the finished space, typically when the improvements are substantially complete.
	If we conclude that we are not the owner, for accounting purposes, of the tenant improvements (the lessee is the owner), then the leased asset is the unimproved space and any tenant improvement allowances funded under the lease are treated as lease incentives, which reduces revenue recognized over the term of the lease. In these circumstances, we begin revenue recognition when the lessee takes possession of the unimproved space to construct their own improvements. We consider a number of different factors in evaluating whether we or the lessee is the owner of the tenant improvements for accounting purposes. These factors include:
	• whether the lease stipulates how and on what a tenant improvement allowance may be spent;
	• whether the tenant or landlord retains legal title to the improvements;
	• the uniqueness of the improvements;
	• the expected economic life of the tenant improvements relative to the length of the lease; and
	• who constructs or directs the construction of the improvements.
	We recognize rental income on a straight-line basis over the term of each lease. The difference between rental income earned on a straight-line basis and the cash rent due under the provisions of the lease agreements is recorded as deferred rent receivable and is included as a component of accounts receivable. Due to the impact of the straight-line basis, rental income generally will be greater than the cash collected in the early years and will be less than the cash collected in the later years of a lease. Our policy for percentage rental income is to defer recognition of contingent rental income until the specified target (i.e. breakpoint) that triggers the contingent rental income is achieved. We periodically review the collectability of outstanding receivables. Allowances will be taken for those balances that we deem to be uncollectible, including any amounts relating to straight-line rent receivables.
	Reimbursements from tenants for recoverable real estate tax and operating expenses are accrued as revenue in the period in which the applicable expenses are incurred. We make certain assumptions and judgments in estimating the reimbursements at the end of each reporting period. We do not expect the actual results to materially differ from the estimated reimbursements.
	We record lease termination income if there is a signed termination letter agreement, all of the conditions of the agreement have been met, collectability is reasonably assured and the tenant is no longer occupying the property. Upon early lease termination, we provide for losses related to unrecovered tenant-specific intangibles and other assets.
Income Tax, Policy [Policy Text Block]	'
	Income Taxes—We have elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Code”). Our qualification and taxation as a REIT depends on our ability, on a continuing basis, to meet certain organizational and operational qualification requirements imposed upon REITs by the Code. If we fail to qualify as a REIT for any reason in a taxable year, we will be subject to tax on our taxable income at regular corporate rates. We would not be able to deduct distributions paid to stockholders in any year in which we fail to qualify as a REIT. We will also be disqualified for the four taxable years following the year during which qualification was lost unless we are entitled to relief under specific statutory provisions.
Noncontrolling Interests, Policy [Text Block]	'
	Noncontrolling Interests—Noncontrolling interests in the condensed consolidated balance sheets represent the economic equity interests of the Joint Venture that are not owned by us. Noncontrolling interests in the condensed consolidated statements of equity represent contributions, distributions and allocated earnings attributed to the CBRE Investors. Noncontrolling interests in earnings of the Joint Venture in the condensed consolidated statements of operations and comprehensive loss represent income or losses allocated to noncontrolling interests based on the economic ownership percentage of the consolidated Joint Venture held by these investors.
Earnings Per Share, Policy [Policy Text Block]	'
	Earnings Per Share—Earnings per share are calculated based on the weighted-average number of common shares outstanding during each period. Diluted earnings per share considers the effect of any potentially dilutive share equivalents, of which we had none for the three and nine months ended September 30, 2013 and 2012.
	There were 319,390 and zero Class B units of the Operating Partnership outstanding and held by the Advisor and the Sub-advisor as of September 30, 2013 and 2012, respectively, that were excluded from diluted net loss per share computations as their effect would have been antidilutive.
Impact of Recently Issued Accounting Pronouncements, Policy [Text Block]	'
	Impact of Recently Issued Accounting Pronouncements—In October 2012, the Financial Accounting Standards Board (“FASB”) issued ASU 2012-04, Technical Corrections and Improvements. The amendments in this update cover a wide range of topics in the Accounting Standards Codification. These amendments include technical corrections and improvements to the Accounting Standards Codification and conforming amendments related to fair value measurements. ASU 2012-04 was effective for us as of January 1, 2013. The adoption of this pronouncement did not have a material impact on our condensed consolidated financial statements.
	In February 2013, FASB issued ASU No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, which requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present significant amounts reclassified out of accumulated other comprehensive income by respective line items of net income if it is required to be reclassified to net income in its entirety. For other reclassified amounts, an entity is required to cross-reference to other disclosures that provide additional detail about those amounts. The provisions of ASU No. 2013-02 were effective for us on January 1, 2013, and are to be applied prospectively. As a result of the adoption of this pronouncement, we addressed the required disclosures in Note 10, Derivatives and Hedging Activities.

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	'
		30-Sep-13								31-Dec-12
			Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	Interest rate swap	$	0	$	669	$	0	$	669	$	0	$	0	$	0	$	0

Real_Estate_Acquisitions_Table

Real Estate Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2013
Real Estate Acquisitions [Abstract]	'
Schedule of Purchase Price Allocation [Table Text Block]	'
					Building and			In-Place	Above-Market		Below-Market
	Acquisition			Land		Improvements		Leases		Leases		Leases		Total
	Atlanta Portfolio(1)		$	17,516	$	48,401	$	3,195	$	1,376	$	-838	$	69,650
	March 21st Portfolio(2)			12,139		35,058		3,227		1,731		-154		52,001
	Northcross			27,885		28,467		7,443		324		-2,619		61,500
	Fairlawn Town Centre			7,179		32,223		2,478		929		-610		42,199
	Other(3)			66,434		228,437		31,746		4,698		-6,666		324,649
	Total		$	131,153	$	372,586	$	48,089	$	9,058	$	-10,887	$	549,999
	(1)	The Atlanta portfolio consists of the acquisition of seven properties in the Atlanta, Georgia region (The Shops at
		Westridge, Mableton Crossing, Hamilton Ridge, Grassland Crossing, Fairview Oaks, Butler Creek, and Macland
		Pointe) in two related transactions in January and February of 2013.
	(2)	The March 21st portfolio consists of the acquisition of three properties (Kleinwood Center, Murray Landing
		and Vineyard Center) in a single transaction on March 21, 2013.
	(3)	The other 20 acquisitions represent the remaining, individually immaterial properties acquired during the nine
		months ended September 30, 2013 that are material in the aggregate.
Real Estate Acquisitions [Table Text Block]	'
	Acquisition			Acquisition Date		Revenues	Acquisition Expenses			Net Income (Loss)
	Atlanta Portfolio(1)		1/15/2013 and 2/13/2013		$	4,967	$	1,121	$	20
	March 21st Portfolio(2)			3/21/13		2,993		769		-904
	Northcross			6/24/13		1,595		722		-114
	Fairlawn Town Centre			1/30/13		3,467		588		341
	Other(3)					6,631		6,016		-5,002
	Total				$	19,653	$	9,216	$	-5,659
	(1)	The Atlanta portfolio consists of the acquisition of seven properties in the Atlanta, Georgia region (The Shops at
		Westridge, Mableton Crossing, Hamilton Ridge, Grassland Crossing, Fairview Oaks, Butler Creek, and Macland
		Pointe) in two related transactions in January and February of 2013.
	(2)	The March 21st portfolio consists of the acquisition of three properties (Kleinwood Center, Murray Landing,
		and Vineyard Center) in a single transaction on March 21, 2013.
	(3)	The other 20 acquisitions represent the remaining, individually immaterial properties acquired during the nine
		months ended September 30, 2013 that are material in the aggregate.

Acquired_Intangible_Assets_Tab

Acquired Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2013
Finite Lived Intangible Assets Disclosure [Abstract]	'
Acquired Intangible Assets [Table Text Block]	'
	6. ACQUIRED INTANGIBLE ASSETS
	Acquired intangible lease assets consisted of the following (in thousands):
				September 30,			December 31,
				2013			2012
		Acquired in-place leases, net of accumulated
			amortization of $7,318 and $2,310,
			respectively	$	58,736		$	15,655
		Acquired above-market leases, net of accumulated
			amortization of $3,223 and $1,534,
			respectively		12,671			5,302
		Total		$	71,407		$	20,957
Schedule of Acquired Intangible Assets, Future Amortization Expense [Table Text Block]	'
		Year			In-Place Leases			Above Market Leases
		October 1 to December 31, 2013			$	2,392		$	688
		2014				10,074			2,847
		2015				9,171			2,594
		2016				8,197			2,028
		2017				6,914			1,563
		2018 and thereafter				21,988			2,951
		Total			$	58,736		$	12,671
	The weighted-average amortization periods for acquired in-place lease and above-market lease intangibles are nine years and
	six years, respectively.

Mortgage_Loans_Payable_Tables

Mortgage Loans Payable (Tables)	9 Months Ended
	Sep. 30, 2013
Debt Instruments [Abstract]	'
Schedule of Debt Obligations [Table Text Block]	'
	The following is a summary of our debt obligations as of September 30, 2013 and December 31, 2012 (in thousands):
			30-Sep-13				31-Dec-12
			Outstanding		Maximum		Outstanding		Maximum
			Principal		Borrowing		Principal		Borrowing
			Balance		Capacity		Balance		Capacity
	Fixed rate mortgages payable(1)		$	133,228	$	133,228	$	43,934	$	43,934
	Variable rate mortgages payable			78,372		87,931		76,424		89,475
	Secured credit facility - fixed rate(2)			0		50,000		0		0
	Secured credit facility - variable rate(2)			0		93,146		36,709		40,000
	Unsecured credit facility			0		0		0		10,000
	Assumed below-market debt adjustment			4,715		N/A		1,940		N/A
	Total		$	216,315	$	364,305	$	159,007	$	183,409
	(1)	Due to the non-recourse nature of certain mortgages, the assets and liabilities of the following properties are neither
		available to pay the debts of the consolidated limited liability companies nor constitute obligations of the consolidated
		limited liability companies: Baker Hill Station LLC, Broadway Station LLC, Northridge Station LLC, Kleinwood
		Station LLC, Murray Station LLC, Vineyard Station LLC, Sunset Center Station LLC, Westwood Station LLC,
		Stockbridge Station LLC and East Burnside Station LLC. The outstanding principal balance of these non-recourse
		mortgages as of September 30, 2013 was $108,043. The outstanding principal balance of the non-recourse mortgages as
		of December 31, 2012 was $28,925.
	(2)	The interest rate on $50,000 of the amount available under our secured credit facility is effectually fixed at 3.05% through
		December 2017 by an interest rate swap agreement (See Notes 4 and 10). The maximum borrowing capacity under our
		secured credit facility is determined based on the properties securing the amounts outstanding under the facility at
		the time of calculation.
Debt Maturities [Table Text Block]	'
	Below is a listing of the mortgage loans payable with their respective principal payment obligations (in thousands) and
	weighted-average interest rates:
			2013(1)		2014		2015		2016		2017		Thereafter		Total
	Maturing debt:(2)
		Fixed rate mortgages payable	$	496	$	18,046	$	28,404	$	25,596	$	43,689	$	16,997	$	133,228
		Variable rate mortgages payable		16,498		650		650		14,650		33,574		12,350		78,372
	Total maturing debt		$	16,994	$	18,696	$	29,054	$	40,246	$	77,263	$	29,347	$	211,600
	Weighted-average interest rate on debt:
		Fixed rate mortgages payable(3)		6.50%		7.40%		5.50%		5.80%		5.30%		6.30%		5.80%
		Variable rate mortgages payable		2.70%		2.40%		2.40%		2.70%		2.40%		2.60%		2.50%
	Total			2.80%		7.20%		5.40%		4.70%		4.00%		4.70%		4.60%
	(1)	Includes only October 1, 2013 through December 31, 2013.
	(2)	The debt maturity table does not include any below-market debt adjustment, of which $4,715, net of accumulated
		amortization was outstanding as of September 30, 2013.
	(3)	All but $6.7 million of the fixed rate debt represents loans assumed as part of certain acquisitions. The assumed loans
		typically have higher interest rates than interest rates associated with new debt.
	As of September 30, 2013, we believe we were in compliance with all debt covenants.

Acquired_BelowMarket_Lease_Int

Acquired Below-Market Lease Intangibles (Tables)	9 Months Ended
	Sep. 30, 2013
Acquired Below Market Lease Intangibles [Abstract]	'
Acquired Below-Market Lease Intangibles [Table Text Block]	'
	8. ACQUIRED BELOW-MARKET LEASE INTANGIBLES
	Acquired below-market lease intangibles consisted of the following (in thousands):
					September 30,		December 31,
					2013		2012
			Acquired below-market leases, net of accumulated
				amortization of $2,036 and $811, respectively	$	14,554	$	4,892
Schedule of Acquired Below-Market Lease Intangibles, Future Amortization Expense [Table Text Block]	'
		Year	Below Market Leases
		October 1 to December 31, 2013	$	567
		2014		2,294
		2015		2,050
		2016		1,832
		2017		1,452
		2018 and thereafter		6,359
		Total	$	14,554
	The weighted-average amortization period for below market lease intangibles is 11 years.

Recovered_Sheet1

Derivatives and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Tabular Disclosure of Effect of Derivative Instruments on Statement of Operations [Table Text Block]	'
		Three Months Ended		Nine Months Ended
	Derivatives in Cash Flow Hedging Relationships (Interest Rate Swap)	30-Sep-13		30-Sep-13
	Amount of gain (loss) recognized in other comprehensive income on derivative	$	-357	$	557
	Amount of gain (loss) reclassified from accumulated other comprehensive income
	into interest expense		24		-57
	Amount of loss recognized in income on derivative (ineffective portion,
	reclassifications of missed forecasted transactions and amounts excluded from
	effectiveness testing)		-57		-47

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
Advisor Transactions [Table Text Block]	'
			For the Three Months Ended						For the Nine Months Ended						Unpaid Amount as of
			September 30,						September 30,						September 30,			December 31,
			2013			2012			2013			2012			2013			2012
	Acquisition fees		$	2,029		$	564		$	5,519		$	900		$	0		$	191
	Class B unit distribution(1)			41			0			69			0			17			0
	Asset management fees			250			480			748			995			83			248
	Asset management fees waived			0			268			0			546
	Asset management fees - net(2)			250			212			748			449			83			248
	Financing fees			289			304			2,384			382			0			0
	Disposition fees			0			0			0			0			0			0
	(1)	Represents the distributions paid to the Advisor and Sub-advisor as holders of Class B units of the Operating Partnership.
	(2)	Asset management fees are net of fees waived. The only amounts not waived since inception are those fees paid by the CBRE Investors.
Property Manager Transactions [Table Text Block]	'
		For the Three Months Ended						For the Nine Months Ended						Unpaid Amount as of
		September 30,						September 30,						September 30,			December 31,
		2013			2012			2013			2012			2013			2012
	Property management fees	$	851		$	212		$	1,884		$	450		$	581		$	112
	Leasing commissions		429			71			896			157			158			96
	Construction management fees		84			10			160			20			50			18
	Other fees and reimbursements		191			89			453			145			126			-20
	Total	$	1,555		$	382		$	3,393		$	772		$	915		$	206
Dealer Manager Transactions [Table Text Block]	'
		For the Three Months Ended						For the Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
	Selling commissions	$	32,296		$	2,258		$	57,761		$	4,246
	Selling commissions reallowed to participating broker dealers		32,296			2,258			57,761			4,246
	Dealer manager fees		15,412			686			27,422			1,338
	Dealer manager fees reallowed to participating broker dealers		5,381			230			9,585			439

Economic_Dependency_Tables

Economic Dependency (Tables)	9 Months Ended
	Sep. 30, 2013
Amounts Payable to Sponsors [Abstract]	'
Schedule of Amounts Payable to Sponsors [Table Text Block]	'
		September 30,		December 31,
		2013		2012
	Offering and organization expenses payable	$	582	$	2,987
	General and administrative expenses of the company paid by a sponsor		58		2
	Asset management, property management, and other fees payable		1,015		645
	Total due	$	1,655	$	3,634

Future_Minimum_Rents_Tables

Future Minimum Rents (Tables)	9 Months Ended
	Sep. 30, 2013
Future Minimum Rents [Abstract]	'
Future Minimum Rents [Table Text Block]	'
		Year	Amount
		October 1 to December 31, 2013	$	17,485
		2014		67,546
		2015		61,739
		2016		55,901
		2017		49,762
		2018 and thereafter		258,136
		Total	$	510,569

Organization_Details

Organization (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Millions, except Share data, unless otherwise specified	Properties
Organization [Line Items]	'	'
Offering total shares value	$1,785	'
Common stock, shares issued	107,838,836	'
Common stock, shares outstanding	107,770,692	13,801,251
Common Stock Repurchased Since Inception	68,144	'
Number of Real Estate Properties	58	'
Ownership percentage in Joint Venture	54.00%	54.00%
CBRE Investors ownership percentage in Joint Venture	46.00%	'
Contributed capital	58.7	'
Contributed properties	6	'
CBRE Investors capital	50	'
Phillips Edison Arc Institutional Joint Venture [Member]	'	'
Organization [Line Items]	'	'
Number of Real Estate Properties	20	'
IPO [Member]	'	'
Organization [Line Items]	'	'
Offering total shares value	1,500	'
Sale of Stock, Price Per Share	$10	'
Common Stock, Including Additional Paid in Capital	1,068	'
Follow-on Offering [Member]	'	'
Organization [Line Items]	'	'
Common Stock, Shares Proposed in Follow-On Offering	25,000,000	'
Common Stock, DRP Shares Proposed in Follow-On Offering	2,500,000	'
Initial Public Offering Dividend Reinvestment Plan [Member]	'	'
Organization [Line Items]	'	'
Offering total shares value	$285	'
Sale of Stock, Price Per Share	$9.50	'
Common stock, shares issued	1,049,086	'

Summary_Of_Significant_Account1

Summary Of Significant Accounting Policies (Details)	0 Months Ended				9 Months Ended
	Oct. 14, 2013	Jul. 25, 2013	Apr. 18, 2013	Feb. 13, 2013	Sep. 30, 2013	Sep. 30, 2012
Summary Of Significant Accounting Policies [Abstract]	'	'	'	'	'	'
Class B Units Issued	212,991	155,773	104,372	59,245	319,390	0
Earnings Per Share, Potentially Dilutive Securities	'	'	'	'	'none	'none
Furniture and Fixtures [Member] | Minimum [Member]	'	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'	'
Property, Plant and Equipment, Useful Life	'	'	'	'	'5 years	'
Furniture and Fixtures [Member] | Maximum [Member]	'	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'	'
Property, Plant and Equipment, Useful Life	'	'	'	'	'7 years	'
Land Improvements [Member] | Average [Member]	'	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'	'
Property, Plant and Equipment, Useful Life	'	'	'	'	'15 years	'
Building and Building Improvements [Member] | Average [Member]	'	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'	'
Property, Plant and Equipment, Useful Life	'	'	'	'	'30 years	'

Equity_Details

Equity (Details) (USD $)

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Preferred Stock [Member]

Dividend Reinvestment Plan [Member]

Dividend Reinvestment Plan [Member]

Dividend Reinvestment Plan [Member]

Dividend Reinvestment Plan [Member]

Long-Term Incentive Plan, 2010 [Member]

Independent Director Stock Plan, 2010 [Member]

Days

Days

Class of Stock [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock, shares authorized

1,000,000,000

'

'

1,000,000,000

1,000,000,000

'

'

'

'

'

'

'

'

Common stock, par value

$0.01

'

'

$0.01

$0.01

'

'

'

'

'

'

'

'

Preferred stock, shares authorized

10,000,000

'

'

'

'

'

10,000,000

'

'

'

'

'

'

Preferred stock, par value

$0.01

'

'

'

'

'

$0.01

'

'

'

'

'

'

Common stock, shares issued

107,838,836

'

'

107,838,836

107,838,836

'

'

'

'

'

'

0

0

Common Stock, Including Additional Paid in Capital

'

'

'

$1,068,000,000

$1,068,000,000

'

'

'

'

'

'

'

'

Preferred stock, shares issued

0

'

0

'

'

'

0

'

'

'

'

'

'

Common Stock, Voting Rights

'

'

'

'

'The holders of shares of the common stock are entitled to one vote per share on all matters voted on by stockholders, including election of the board of directors. Our charter does not provide for cumulative voting in the election of directors.

'

'

'

'

'

'

'

'

Common stock, price per share

'

'

'

'

'

'

'

$9.50

'

$9.50

'

'

'

Distributions reinvested

8,485,000

693,000

'

'

'

'

'

5,300,000

400,000

8,500,000

700,000

'

'

Common stock, share repurchase notice days

'

'

'

5

5

'

'

'

'

'

'

'

'

Common stock, share repurchase withdrawal notice days

'

'

'

5

5

'

'

'

'

'

'

'

'

Common stock, share repurchase plan termination notice days

'

'

'

30

30

'

'

'

'

'

'

'

'

Common stock, shares repurchased

'

'

'

21,084

58,764

2,500

'

'

'

'

'

'

'

Common stock, cost of repurchases

'

'

'

$208,111

$581,835

$24,625

'

'

'

'

'

'

'

Common stock, repurchase cost per share

'

'

'

$9.87

$9.90

$9.85

'

'

'

'

'

'

'

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Fair Value Disclosures [Abstract]	'	'
Fair Value Inputs Discount Rate Minimum Variable Rate Debt	2.43%	'
Fair Value Inputs Discount Rate Fixed Rate Debt	4.50%	'
Mortgage Loans Payable, Fair Value Disclosure	$216,800,000	$158,700,000
Mortgages and loans payable	216,315,000	159,007,000
Number of Interest Rate Derivatives Held	1	'
Notional Amount of Interest Rate Cash Flow Hedge Derivatives	50,000,000	'
Secured Credit Facility Fixed Interest Rate	3.05%	'
Interest Rate Cash Flow Hedge Asset at Fair Value	$669,000	'

Fair_Value_Measurements_Detail1

Fair Value Measurements (Details) - Hierarchy (USD $)	Sep. 30, 2013
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Derivative Assets	$669
Fair Value, Inputs, Level 2 [Member]	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Derivative Assets	$669

Real_Estate_Acquisitions_Detai

Real Estate Acquisitions (Details) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
	Properties
Business Acquisition [Line Items]	'	'
Number of Property Acquisitions	32	'
Business Acquisition, Cost of Acquired Entity, Purchase Price	$549,999,000	'
Business Acquisition, Cost of Acquired Entity, Debt Assumed	90,300,000	34,100,000
Business Acquisition, Cost of Acquired Entity, Fair Value of Debt Assumed	$93,900,000	$35,800,000

Real_Estate_Acquisitions_Detai1

Real Estate Acquisitions (Details) - Allocation (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013
	Properties
Business Acquisition [Line Items]	'
Business Acquisition, Purchase Price Allocation, Land	$131,153
Business Acquisition, Purchase Price Allocation, Building and Improvements	372,586
Business Acquisition, Purchase Price Allocation, In-Place Leases	48,089
Business Acquisition, Purchase Price Allocation, Above-Market Leases	9,058
Business Acquisition, Purchase Price Allocation, Below-Market Leases	-10,887
Business Acquisition, Cost of Acquired Entity, Purchase Price	549,999
Number of Property Acquisitions	32
Atlanta Portfolio [Member]	'
Business Acquisition [Line Items]	'
Business Acquisition, Purchase Price Allocation, Land	17,516
Business Acquisition, Purchase Price Allocation, Building and Improvements	48,401
Business Acquisition, Purchase Price Allocation, In-Place Leases	3,195
Business Acquisition, Purchase Price Allocation, Above-Market Leases	1,376
Business Acquisition, Purchase Price Allocation, Below-Market Leases	-838
Business Acquisition, Cost of Acquired Entity, Purchase Price	69,650
Number of Property Acquisitions	7
March 21st Portfolio [Member]	'
Business Acquisition [Line Items]	'
Business Acquisition, Purchase Price Allocation, Land	12,139
Business Acquisition, Purchase Price Allocation, Building and Improvements	35,058
Business Acquisition, Purchase Price Allocation, In-Place Leases	3,227
Business Acquisition, Purchase Price Allocation, Above-Market Leases	1,731
Business Acquisition, Purchase Price Allocation, Below-Market Leases	-154
Business Acquisition, Cost of Acquired Entity, Purchase Price	52,001
Number of Property Acquisitions	3
Northcross [Member]	'
Business Acquisition [Line Items]	'
Business Acquisition, Purchase Price Allocation, Land	27,885
Business Acquisition, Purchase Price Allocation, Building and Improvements	28,467
Business Acquisition, Purchase Price Allocation, In-Place Leases	7,443
Business Acquisition, Purchase Price Allocation, Above-Market Leases	324
Business Acquisition, Purchase Price Allocation, Below-Market Leases	-2,619
Business Acquisition, Cost of Acquired Entity, Purchase Price	61,500
Fairlawn Town Centre [Member]	'
Business Acquisition [Line Items]	'
Business Acquisition, Purchase Price Allocation, Land	7,179
Business Acquisition, Purchase Price Allocation, Building and Improvements	32,223
Business Acquisition, Purchase Price Allocation, In-Place Leases	2,478
Business Acquisition, Purchase Price Allocation, Above-Market Leases	929
Business Acquisition, Purchase Price Allocation, Below-Market Leases	-610
Business Acquisition, Cost of Acquired Entity, Purchase Price	42,199
Other Acquisitions [Member]	'
Business Acquisition [Line Items]	'
Business Acquisition, Purchase Price Allocation, Land	66,434
Business Acquisition, Purchase Price Allocation, Building and Improvements	228,437
Business Acquisition, Purchase Price Allocation, In-Place Leases	31,746
Business Acquisition, Purchase Price Allocation, Above-Market Leases	4,698
Business Acquisition, Purchase Price Allocation, Below-Market Leases	-6,666
Business Acquisition, Cost of Acquired Entity, Purchase Price	$324,649
Number of Property Acquisitions	20

Real_Estate_Acquisitions_Detai2

Real Estate Acquisitions (Details) - Operations (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
			Properties
Business Acquisition [Line Items]	'	'	'	'
Revenues	$20,144	$5,148	$46,545	$10,468
Business Combination, Acquisition Related Costs	3,967	1,097	9,633	2,416
Net Income (Loss)	-1,408	-1,036	-6,249	-2,099
Number of Property Acquisitions	'	'	32	'
Atlanta Portfolio [Member]	'	'	'	'
Business Acquisition [Line Items]	'	'	'	'
Revenues	'	'	4,967	'
Business Combination, Acquisition Related Costs	'	'	1,121	'
Net Income (Loss)	'	'	20	'
Number of Property Acquisitions	'	'	7	'
March 21st Portfolio [Member]	'	'	'	'
Business Acquisition [Line Items]	'	'	'	'
Revenues	'	'	2,993	'
Business Combination, Acquisition Related Costs	'	'	769	'
Net Income (Loss)	'	'	-904	'
Number of Property Acquisitions	'	'	3	'
Northcross [Member]	'	'	'	'
Business Acquisition [Line Items]	'	'	'	'
Revenues	'	'	1,595	'
Business Combination, Acquisition Related Costs	'	'	722	'
Net Income (Loss)	'	'	-114	'
Fairlawn Town Centre [Member]	'	'	'	'
Business Acquisition [Line Items]	'	'	'	'
Revenues	'	'	3,467	'
Business Combination, Acquisition Related Costs	'	'	588	'
Net Income (Loss)	'	'	341	'
Other Acquisitions [Member]	'	'	'	'
Business Acquisition [Line Items]	'	'	'	'
Revenues	'	'	6,631	'
Business Combination, Acquisition Related Costs	'	'	6,016	'
Net Income (Loss)	'	'	-5,002	'
Number of Property Acquisitions	'	'	20	'
Current Year Acquisitions [Member]	'	'	'	'
Business Acquisition [Line Items]	'	'	'	'
Revenues	'	'	19,653	'
Business Combination, Acquisition Related Costs	'	'	9,216	'
Net Income (Loss)	'	'	-5,659	'
Environmental liability	450	'	450	'
Seller Credit at Closing	$450	'	$450	'

Real_Estate_Acquisitions_Detai3

Real Estate Acquisitions (Details) - Pro Forma (USD $)	3 Months Ended		9 Months Ended
In Millions, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Real Estate Acquisitions [Abstract]	'	'	'	'
Business Acquisition, Pro Forma Revenue	$23	$22.50	$69.70	$67.30
Business Acquisition, Pro Forma Net Income (Loss)	$3.20	$4.10	$9.20	$12.50
Business Acquisition, Pro Forma Earnings Per Share, Diluted	$0.04	$0.07	$0.14	$0.23

Acquired_Intangible_Assets_Det

Acquired Intangible Assets (Details) - Period Ending (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Acquired Finite-Lived Intangible Assets [Line Items]	'	'
Acquired Intangible Assets, Net	$71,407	$20,957
Acquired Intangible Assets, Accumulated Amortization	10,541	3,844
Leases, Acquired-in-Place [Member]	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'
Acquired Intangible Assets, Net	58,736	15,655
Acquired Intangible Assets, Accumulated Amortization	7,318	2,310
Leases, Acquired-in-Place, Market Adjustment [Member]	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'
Acquired Intangible Assets, Net	12,671	5,302
Acquired Intangible Assets, Accumulated Amortization	$3,223	$1,534

Acquired_Intangible_Assets_Det1

Acquired Intangible Assets (Details) - Amortization Expense (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Finite Lived Intangible Assets Disclosure [Abstract]	'	'	'	'
Acquired Intangible Assets, Amortization Expense	$2.80	$0.90	$6.70	$2

Acquired_Intangible_Assets_Det2

Acquired Intangible Assets (Details) - Five Succeeding Calendar Years (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Acquired Finite-Lived Intangible Assets [Line Items]	'	'
Finite-Lived Intangible Assets, Net, Total	$71,407	$20,957
Leases, Acquired-in-Place [Member]	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'
October 1 to December 31, 2013	2,392	'
2014	10,074	'
2015	9,171	'
2016	8,197	'
2017	6,914	'
2018 and thereafter	21,988	'
Finite-Lived Intangible Assets, Net, Total	58,736	15,655
Acquired Intangible Assets, Weighted-Average Amortization Period	'9 years	'
Leases, Acquired-in-Place, Market Adjustment [Member]	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'
October 1 to December 31, 2013	688	'
2014	2,847	'
2015	2,594	'
2016	2,028	'
2017	1,563	'
2018 and thereafter	2,951	'
Finite-Lived Intangible Assets, Net, Total	$12,671	$5,302
Acquired Intangible Assets, Weighted-Average Amortization Period	'6 years	'

Mortgage_Loans_Payable_Details

Mortgage Loans Payable (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
	Properties	Properties	Properties	Properties
Mortgage Loans Payable [Abstract]	'	'	'	'	'
Secured Debt	$216,300,000	'	$216,300,000	'	$159,000,000
Debt Instrument, Unamortized Discount (Premium), Net	4,700,000	'	4,700,000	'	1,900,000
Long-term Debt, Weighted Average Interest Rate	4.60%	'	4.60%	'	3.58%
Joint Venture Debt	106,200,000	'	106,200,000	'	104,600,000
Ownership percentage in Joint Venture	54.00%	'	54.00%	'	54.00%
Debt Held Directly	105,400,000	'	105,400,000	'	52,500,000
Secured Line of Credit Facility, Maximum Borrowing Capacity	265,000,000	'	265,000,000	'	'
Secured Line of Credit Facility, Maximum Potential Borrowing Capacity	300,000,000	'	300,000,000	'	'
Secured Line of Credit Facility, Outstanding Balance	0	'	0	'	'
Secured Line of Credit Facility, Current Borrowing Capacity	143,200,000	'	143,200,000	'	'
Mortgage Loans Maturities in 2013	16,300,000	'	16,300,000	'	'
Leverage Ratio	'	'	'	'	48.50%
Properties Acquired Assumed Debt	8	4	8	4	'
Business Acquisition, Cost of Acquired Entity, Debt Assumed	90,300,000	34,100,000	90,300,000	34,100,000	'
Business Acquisition, Cost of Acquired Entity, Fair Value of Debt Assumed	93,900,000	35,800,000	93,900,000	35,800,000	'
Amortization on Assumed Below-Market Debt Adjustment	$372,000	$69,000	$830,000	$82,000	'

Mortgage_Loans_Payable_Details1

Mortgage Loans Payable (Details) - Debt Obligations (USD $)	Sep. 30, 2013	Dec. 31, 2012
Debt Instrument [Line Items]	'	'
Mortgages and loans payable	$216,315,000	$159,007,000
Maximum Loan Capacity	364,305,000	183,409,000
Notional Amount of Interest Rate Cash Flow Hedge Derivatives	50,000,000	'
Secured Credit Facility Fixed Interest Rate	3.05%	'
Non-Recourse Mortgage Loans Payable	108,043,000	28,925,000
Fixed Rate Mortgages Payable [Member]	'	'
Debt Instrument [Line Items]	'	'
Mortgages and loans payable	133,228,000	43,934,000
Maximum Loan Capacity	133,228,000	43,934,000
Variable Rate Mortgages Payable [Member]	'	'
Debt Instrument [Line Items]	'	'
Mortgages and loans payable	78,372,000	76,424,000
Maximum Loan Capacity	87,931,000	89,475,000
Secured Credit Facility Fixed Rate [Member]	'	'
Debt Instrument [Line Items]	'	'
Mortgages and loans payable	0	0
Maximum Loan Capacity	50,000,000	0
Secured Credit Facility Variable Rate [Member]	'	'
Debt Instrument [Line Items]	'	'
Mortgages and loans payable	0	36,709,000
Maximum Loan Capacity	93,146,000	40,000,000
Unsecured Credit Facility [Member]	'	'
Debt Instrument [Line Items]	'	'
Mortgages and loans payable	0	0
Maximum Loan Capacity	0	10,000,000
Assumed Below-Market Debt Adjustment [Member]	'	'
Debt Instrument [Line Items]	'	'
Mortgages and loans payable	$4,715,000	$1,940,000

Mortgage_Loans_Payable_Details2

Mortgage Loans Payable (Details) - Principal Payment Obiligations (USD $)	Sep. 30, 2013	Dec. 31, 2012
Debt Instrument [Line Items]	'	'
2013	$16,994,000	'
2014	18,696,000	'
2015	29,054,000	'
2016	40,246,000	'
2017	77,263,000	'
Thereafter	29,347,000	'
Total maturing debt	211,600,000	'
2013 Weighted Average Interest Rate	2.80%	'
2014 Weighted Average Interest Rate	7.20%	'
2015 Weighted Average Interest Rate	5.40%	'
2016 Weighted Average Interest Rate	4.70%	'
2017 Weighted Average Interest Rate	4.00%	'
Thereafter Weighted Average Interest Rate	4.70%	'
Long-term Debt, Weighted Average Interest Rate	4.60%	3.58%
Fixed Rate Debt Not Assumed	6,700,000	'
Fixed Rate Mortgages Payable [Member]	'	'
Debt Instrument [Line Items]	'	'
2013	496,000	'
2014	18,046,000	'
2015	28,404,000	'
2016	25,596,000	'
2017	43,689,000	'
Thereafter	16,997,000	'
Total maturing debt	133,228,000	'
2013 Weighted Average Interest Rate	6.50%	'
2014 Weighted Average Interest Rate	7.40%	'
2015 Weighted Average Interest Rate	5.50%	'
2016 Weighted Average Interest Rate	5.80%	'
2017 Weighted Average Interest Rate	5.30%	'
Thereafter Weighted Average Interest Rate	6.30%	'
Long-term Debt, Weighted Average Interest Rate	5.80%	'
Variable Rate Mortgages Payable [Member]	'	'
Debt Instrument [Line Items]	'	'
2013	16,498,000	'
2014	650,000	'
2015	650,000	'
2016	14,650,000	'
2017	33,574,000	'
Thereafter	12,350,000	'
Total maturing debt	$78,372,000	'
2013 Weighted Average Interest Rate	2.70%	'
2014 Weighted Average Interest Rate	2.40%	'
2015 Weighted Average Interest Rate	2.40%	'
2016 Weighted Average Interest Rate	2.70%	'
2017 Weighted Average Interest Rate	2.40%	'
Thereafter Weighted Average Interest Rate	2.60%	'
Long-term Debt, Weighted Average Interest Rate	2.50%	'

Acquired_BelowMarket_Lease_Int1

Acquired Below-Market Lease Intangibles (Details) - Period Ending (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Acquired Below-Market Lease Intangibles [Line Items]	'	'
Acquired Below Market Lease Intangibles	$14,554	$4,892
Acquired Below Market Lease Intangibles Accumulated Amortization	2,036	811
Acquired Below-Market Leases [Member]	'	'
Acquired Below-Market Lease Intangibles [Line Items]	'	'
Acquired Below Market Lease Intangibles	14,554	4,892
Acquired Below Market Lease Intangibles Accumulated Amortization	$2,036	$811

Acquired_BelowMarket_Lease_Int2

Acquired Below-Market Lease Intangibles (Details) - Amortization Expense (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Acquired Below Market Lease Intangibles [Abstract]	'	'	'	'
Acquired Below Market Lease Intangibles, Amortization	$0.50	$0.20	$1.20	$0.40

Acquired_BelowMarket_Lease_Int3

Acquired Below-Market Lease Intangibles (Details) - Five Succeeding Calendar Years (Acquired Below-Market Leases [Member], USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013
Acquired Below-Market Leases [Member]	'
Acquired Below-Market Lease Intangibles [Line Items]	'
October1 to December 31, 2013	$567
2014	2,294
2015	2,050
2016	1,832
2017	1,452
2018 and thereafter	6,359
Acquired Below Market Lease Intangibles Future Amortization Income	$14,554
Acquired Below Market Lease Intangibles, Weighted Average Amortization Period	'11 years

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Commitments And Contingencies [Abstract]	'	'	'	'
Operating Leases, Rent Expense, Net	$5	$5	$15	$14
Operating Leases, Future Minimum Payments Due, Current	5	'	5	'
Operating Leases, Future Minimum Payments, Due in Two Years	20	'	20	'
Operating Leases, Future Minimum Payments, Due in Three Years	20	'	20	'
Operating Leases, Future Minimum Payments, Due in Four Years	20	'	20	'
Operating Leases, Future Minimum Payments, Due in Five Years	$17	'	$17	'

Derivatives_and_Hedging_Activi1

Derivatives and Hedging Activities (Details) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'	'
Hedge Ineffectiveness Due to Notional Mismatch	$57,000	$47,000
Estimated Amounts Reclassified From AOCI to Interest Expense Over Next Twelve Months	300,000	300,000
Amount of Gain (Loss) Recognized in OCI on Derivative	-357,000	557,000
Amount of Gain (Loss) Reclassified from AOCI into Interest Expense	24,000	-57,000
Amount of Gain (Loss) Recognized in Income on Derivative	($57,000)	($47,000)

Related_Party_Transactions_Det

Related Party Transactions (Details) - Advisor (USD $)	0 Months Ended				3 Months Ended		9 Months Ended
	Oct. 14, 2013	Jul. 25, 2013	Apr. 18, 2013	Feb. 13, 2013	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Related Party Transactions [Abstract]	'	'	'	'	'	'	'	'	'
Offering Costs Paid by Sub-Advisor Maximum Reimbursement Percentage	'	'	'	'	'	'	1.50%	'	'
Organization and Offering Costs Charged by Advisor and Sub-Advisor	'	'	'	'	$22,300,000	'	$22,300,000	'	$7,200,000
Organization and Offering Costs Reimbursed to Advisor and Sub-Advisor	'	'	'	'	21,700,000	'	21,700,000	'	4,200,000
Organization and Offering Costs Payable to Advisor and Sub-Advisor	'	'	'	'	582,000	'	582,000	'	2,987,000
Acquisition Fee Percentage	'	'	'	'	1.00%	'	1.00%	'	'
Operating Partnership Return for Class B to Vest	'	'	'	'	6.00%	'	6.00%	'	'
Class B Units Issued	212,991	155,773	104,372	59,245	'	'	319,390	0	'
Asset Management Fee Percentage	'	'	'	'	0.08%	'	0.08%	'	'
Maximum Distribution Rate for Asset Management Fee Reimbursement Calculation	'	'	'	'	$0.65	'	$0.65	'	'
Financing Fee Percentage	'	'	'	'	0.75%	'	0.75%	'	'
Disposition Fee Percentage	'	'	'	'	2.00%	'	2.00%	'	'
General and Administrative Expenses of the Company Paid by Sponsor	'	'	'	'	58,000	'	58,000	'	2,000
Acquisition Fees Incurred	'	'	'	'	2,029,000	564,000	5,519,000	900,000	'
Class B Distributions	'	'	'	'	41,000	0	69,000	0	'
Asset Management Fees Incurred	'	'	'	'	250,000	480,000	748,000	995,000	'
Asset Management Fees Waived	'	'	'	'	0	268,000	0	546,000	'
Asset Management Fees Incurred Net	'	'	'	'	250,000	212,000	748,000	449,000	'
Financing Fees Incurred	'	'	'	'	289,000	304,000	2,384,000	382,000	'
Disposition Fees Incurred	'	'	'	'	0	0	0	0	'
Acquisition Fees Payable	'	'	'	'	0	'	0	'	191,000
Class B Distributions Payable	'	'	'	'	17,000	'	17,000	'	0
Asset Management Fees Payable	'	'	'	'	83,000	'	83,000	'	248,000
Net Asset Management Fees Payable	'	'	'	'	83,000	'	83,000	'	248,000
Financing Fees Payable	'	'	'	'	0	'	0	'	0
Disposition Fees Payable	'	'	'	'	0	'	0	'	0
Subordinated Participation in Net Sales Proceeds Percentage	'	'	'	'	15.00%	'	15.00%	'	'
Investor Return Before Subordinated Participation in Net Sales Proceeds	'	'	'	'	7.00%	'	7.00%	'	'
Advisor Interest in Special Limited Partner	'	'	'	'	15.00%	'	15.00%	'	'
Sub-Advisor Interest in Special Limited Partner	'	'	'	'	85.00%	'	85.00%	'	'
Sales of Real Estate Assets	'	'	'	'	0	0	0	0	'
Subordinated Incentive Listing Fee Percentage	'	'	'	'	15.00%	'	15.00%	'	'
Investor Return Before Subordinated Listing Incentive Fee	'	'	'	'	7.00%	'	7.00%	'	'
Subordinated Incentive Fee Earned	'	'	'	'	$0	$0	$0	$0	'
Subordinated Distribution Upon Termination of Advisor Agreement Percentage	'	'	'	'	15.00%	'	15.00%	'	'
Investor Return Before Subordinated Distribution Upon Termination of Advisor Agreement	'	'	'	'	7.00%	'	7.00%	'	'
Property Management Fee, Percent Fee	'	'	'	'	'	'	4.50%	'	'
Property Management Oversight Fee Percent	'	'	'	'	1.00%	'	1.00%	'	'

Related_Party_Transactions_Det1

Related Party Transactions (Details) - Property Manager Transactions (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Related Party Transactions [Abstract]	'	'	'	'	'
Property Management Fees Incurred	$851	$212	$1,884	$450	'
Leasing Commissions Incurred	429	71	896	157	'
Construction Management Fees Incurred	84	10	160	20	'
Other Property Manager Fees and Reimbursements Incurred	191	89	453	145	'
Property Manager Fees and Reimbursements Incurred, Total	1,555	382	3,393	772	'
Property Management Fees Payable	581	'	581	'	112
Leasing Commissions Payable	158	'	158	'	96
Construction Management Fees Payable	50	'	50	'	18
Other Fees and Reimbursements Payable to Property Manager	126	'	126	'	-20
Property Manager Fees and Reimbursements Payable, Total	$915	'	$915	'	$206

Related_Party_Transactions_Det2

Related Party Transactions (Details) - Other (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Related Party Transactions [Abstract]	'	'	'	'	'
Dealer Manager Selling Commission Percentage	7.00%	'	7.00%	'	'
Dealer Manager Fee Percentage	3.00%	'	3.00%	'	'
Percentage of Dealer Manager Selling Commissions Typically Reallowed	'	'	100.00%	'	'
Dealer Manager Selling Commissions Incurred	$32,296	$2,258	$57,761	$4,246	'
Dealer Manager Selling Commissions Reallowed	32,296	2,258	57,761	4,246	'
Dealer Manager Fees Incurred	15,412	686	27,422	1,338	'
Dealer Manager Fees Reallowed	$5,381	$230	$9,585	$439	'
Minimum Percentage of Shares Owned by Sub-Advisor	0.10%	'	0.10%	'	'
Sub-Advisor Share Purchase Price	$9	'	$9	'	'
Shares Owned by Sub-Advisor	110,529	'	110,529	'	23,061
Percentage of Shares Owned by Sub-Advisor	0.10%	'	0.10%	'	0.17%

Economic_Dependency_Details

Economic Dependency (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Economic Dependency [Abstract]	'	'	'	'	'
Organization and Offering Costs Payable to Advisor and Sub-Advisor	$582,000	'	$582,000	'	$2,987,000
General and Administrative Expenses of the Company Paid by Sponsor	58,000	'	58,000	'	2,000
Asset Management, Property Management, and Other Fees Payable	1,015,000	'	1,015,000	'	645,000
Accounts payable - affiliates	1,655,000	'	1,655,000	'	3,634,000
Contributions from Sponsors Since Inception	228,000	'	228,000	'	'
Contributions from Sponsors	$0	$0	$0	$0	'

Future_Minimum_Rents_Details_A

Future Minimum Rents (Details) - Approximate Future Rentals (USD $)	Sep. 30, 2013
In Thousands, unless otherwise specified
Future Minimum Rents [Abstract]	'
October 1 to December 31, 2013	$17,485
2014	67,546
2015	61,739
2016	55,901
2017	49,762
2018 and thereafter	258,136
Operating Leases, Future Minimum Payments Receivable, Total	$510,569

Future_Minimum_Rents_Details_T

Future Minimum Rents (Details) - Ten Percent Tenants	9 Months Ended
	Sep. 30, 2013
Future Minimum Rents [Abstract]	'
Number of Real Estate Properties	58
Publix [Member]	'
Concentration Risk [Line Items]	'
Concentration Risk, Percentage	10.00%
Other Tenants Maximum [Member]	'
Concentration Risk [Line Items]	'
Concentration Risk, Percentage	10.00%

Subsequent_Events_Details

Subsequent Events (Details) (USD $)

9 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Oct. 02, 2013

Oct. 08, 2013

Oct. 09, 2013

Oct. 18, 2013

Oct. 22, 2013

Oct. 25, 2013

Nov. 06, 2013

Nov. 07, 2013

Oct. 31, 2013

Nov. 01, 2013

Nov. 01, 2013

Oct. 01, 2013

Dec. 31, 2013

Nov. 08, 2013

Properties

CitiCentre Plaza [Member]

Duck Creek Plaza [Member]

Cahill Plaza [Member]

Pioneer Plaza [Member]

Fresh Market [Member]

Courthouse Marketplace [Member]

Hastings Marketplace [Member]

November 7 Portfolio [Member]

Issuance of Equity [Member]

Issuance of Equity [Member]

Dividend Paid [Member]

Dividend Paid [Member]

Dividend Declared [Member]

Variable Rate Mortgages Payable [Member]

sqft

sqft

sqft

sqft

sqft

sqft

sqft

Properties

sqft

Subsequent Event [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of common stock, value

$923,593,000

$58,833,000

'

'

'

'

'

'

'

'

'

$210,100,000

'

'

'

'

'

Issuance of common stock, shares

'

'

'

'

'

'

'

'

'

'

'

21,142,207

'

'

'

'

'

Common stock, Shares Available for Sale

'

'

'

'

'

'

'

'

'

'

'

'

22,400,000

'

'

'

'

Common Stock, Distributions Per Share Daily Rate

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.00

$0.00

$0.00

'

Dividends, Common Stock, Cash

22,638,000

2,408,000

'

'

'

'

'

'

'

'

'

'

'

6,800,000

5,400,000

'

'

Stock Issued During Period, Value, Dividend Reinvestment Plan

8,485,000

693,000

'

'

'

'

'

'

'

'

'

'

'

3,400,000

2,700,000

'

'

Distributions Paid, Net of Drp

9,438,000

1,426,000

'

'

'

'

'

'

'

'

'

'

'

3,400,000

2,700,000

'

'

Common stock, par value

$0.01

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.01

'

Common Stock, Dividend Yield Per Share

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6.70%

'

Common stock, price per share

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$10

'

Percent Interest of Property Acquired

'

'

'

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

'

'

'

'

'

'

Number of Property Acquisitions

32

'

'

'

'

'

'

'

'

'

4

'

'

'

'

'

'

Business Acquisition, Cost of Acquired Entity, Purchase Price

549,999,000

'

'

3,800,000

19,700,000

8,400,000

11,900,000

11,800,000

16,100,000

15,900,000

60,900,000

'

'

'

'

'

'

Rentable Square Feet

'

'

'

63,518

134,229

69,000

96,027

76,017

106,863

97,535

357,221

'

'

'

'

'

'

Leased Percentage

'

'

'

87.70%

92.90%

96.00%

85.50%

100.00%

82.90%

100.00%

92.80%

'

'

'

'

'

'

Business Acquisition, Cost of Acquired Entity, Debt Assumed

90,300,000

34,100,000

'

'

'

'

'

6,200,000

'

'

13,300,000

'

'

'

'

'

'

Repayments of Long-term Debt

303,100,000

88,952,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

74,400,000

Long-term Debt

$216,315,000

'

$159,007,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'