Phillips Edison & Company (PECO) 10-K 9 Mar 15 2014 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
In Billions, except Share data in Millions, unless otherwise specified	Dec. 31, 2014	Feb. 28, 2015	Jun. 30, 2014
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	FALSE
Document Period End Date	31-Dec-14
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2014
Entity Registrant Name	Phillips Edison Grocery Center REIT I, Inc.
Entity Central Index Key	1476204
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		182.9
Entity Public Float			$1.74

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
ASSETS
Land and improvements	$675,289	$397,700
Building and improvements	1,305,345	738,374
Acquired intangible lease assets	220,601	122,060
Total investment in real estate assets	2,201,235	1,258,134
Accumulated depreciation and amortization	-126,965	-43,868
Total investment in real estate assets, net	2,074,270	1,214,266
Cash and cash equivalents	15,649	460,250
Restricted cash and investments	6,803	9,859
Deferred financing expense, net of accumulated amortization of $5,107 and $1,715, respectively	13,727	10,091
Other assets, net	40,320	27,061
Total assets	2,150,769	1,721,527
Liabilities
Mortgages and loans payable	650,462	200,872
Acquired below market lease intangibles, less accumulated amortization of $7,619 and $2,708, respectively	42,454	20,387
Accounts payable – affiliates	975	1,132
Accounts payable and other liabilities	48,738	29,604
Total liabilities	742,629	251,995
Commitments and contingencies (Note 9)	0	0
Redeemable common stock	29,878	0
Equity:
Preferred stock, $0.01 par value per share, 10,000 shares authorized, zero shares issued and outstanding at December 31, 2014 and 2013	0	0
Common stock, $0.01 par value per share, 1,000,000 shares authorized, 182,131 and 175,595 shares issued and outstanding at December 31, 2014 and 2013, respectively	1,820	1,756
Additional paid-in capital	1,567,653	1,538,185
Accumulated other comprehensive income	0	690
Accumulated deficit	-213,975	-71,192
Total stockholders’ equity	1,355,498	1,469,439
Noncontrolling interests	22,764	93
Total equity	1,378,262	1,469,532
Total liabilities and equity	$2,150,769	$1,721,527

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Statement of Financial Position [Abstract]
Deferred financing expense, accumulated amortization	$5,107	$1,715
Acquired below market lease intangibles, accumulated amortization	$7,619	$2,708
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares outstanding	182,131,000	175,595,000

Consolidated_Statements_Of_Ope

Consolidated Statements Of Operations and Comprehensive Loss (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Revenues:
Rental income	$142,216	$56,898	$13,828
Tenant recovery income	44,993	16,048	3,635
Other property income	1,006	219	87
Total revenues	188,215	73,165	17,550
Expenses:
Property operating	32,919	11,896	2,957
Real estate taxes	25,262	9,658	2,055
General and administrative	8,632	4,346	1,717
Acquisition expenses	17,430	18,772	3,981
Vesting of Class B units for asset management services	27,853	0	0
Depreciation and amortization	79,160	30,512	8,094
Total expenses	191,256	75,184	18,804
Other income (expense):
Interest expense, net	-20,360	-10,511	-3,020
Other income, net	766	180	1
Net loss	-22,635	-12,350	-4,273
Net (income) loss attributable to noncontrolling interests	0	-54	927
Net loss attributable to stockholders	-22,635	-12,404	-3,346
Earnings per common share - basic and diluted:
Net loss per share	($0.13)	($0.18)	($0.51)
Weighted-average common shares outstanding	179,280	70,227	6,509
Comprehensive loss:
Net loss	-22,635	-12,350	-4,273
Other comprehensive income
Change in unrealized (loss) gain on interest rate swaps, net	-690	690	0
Comprehensive loss	-23,325	-11,660	-4,273
Comprehensive (income) loss attributable to noncontrolling interests	0	-54	927
Comprehensive loss attributable to stockholders	($23,325)	($11,714)	($3,346)

Consolidated_Statements_Of_Equ

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, unless otherwise specified
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, value	109,482	110	109,372			109,482
Issuance of common stock, shares		11,008
Share repurchases, value	-35	0	-35			-35
Share repurchases, shares		-4
Dividend reinvestment plan (DRIP), value	1,324	1	1,323			1,324
Dividend reinvestment plan (DRIP), shares		139
Contributions from noncontrolling interests	35,560						35,560
Common distributions declared	-4,248				-4,248	-4,248
Distributions to noncontrolling interests	-2,322						-2,322
Offering costs	-10,402		-10,402			-10,402
Net income (loss)	-4,273				-3,346	-3,346	-927
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, value	1,586,589	1,599	1,584,990			1,586,589
Issuance of common stock, shares		159,909
Share repurchases, value	-925	-1	-924			-925
Share repurchases, shares		-86
Dividend reinvestment plan (DRIP), value	18,706	20	18,686			18,706
Dividend reinvestment plan (DRIP), shares		1,971
Change in unrealized gain (loss) on interest rate swaps	690			690		690
Common distributions declared	-47,068				-47,068	-47,068
Distributions to noncontrolling interests	-5,231						-5,231
Acquisition of noncontrolling interest in consolidated joint venture	-57,000		-16,655			-16,655	-40,345
Offering costs	-166,150		-166,150			-166,150
Net income (loss)	-12,350				-12,404	-12,404	54
Balance, value at Dec. 31, 2013	1,469,532	1,756	1,538,185	690	-71,192	1,469,439	93
Balance, shares at Dec. 31, 2013		175,595
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, value	2,534	2	2,532			2,534
Issuance of common stock, shares		256
Share repurchases, value	-4,916	-4	-4,912			-4,916
Share repurchases, shares		-346
Change in redeemable common stock	-29,878		-29,878			-29,878
Dividend reinvestment plan (DRIP), value	62,950	66	62,884			62,950
Dividend reinvestment plan (DRIP), shares		6,626
Change in unrealized gain (loss) on interest rate swaps	-690			-690		-690
Common distributions declared	-120,148				-120,148	-120,148
Issuance of partnership units	23,806						23,806
Distributions to noncontrolling interests	-1,135						-1,135
Offering costs	-1,158		-1,158			-1,158
Net income (loss)	-22,635				-22,635	-22,635	0
Balance, value at Dec. 31, 2014	$1,378,262	$1,820	$1,567,653	$0	($213,975)	$1,355,498	$22,764
Balance, shares at Dec. 31, 2014		182,131

Consolidated_Statements_Of_Equ1

Consolidated Statements Of Equity (Parenthetical) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Statement of Stockholders' Equity [Abstract]
Common distributions declared, per share	$0.67	$0.67	$0.65

Consolidated_Statements_Of_Cas

Consolidated Statements Of Cash Flows (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	($22,635)	($12,350)	($4,273)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	76,554	29,242	7,850
Vesting of Class B units for asset management services	27,853	0	0
Net amortization of above- and below-market leases	85	536	395
Amortization of deferred financing expense	3,861	1,932	648
Loss on sale of properties and disposal of real estate assets	23	0	0
Loss on write-off of capitalized leasing commissions and deferred financing expense	112	1,177	0
Change in fair value of derivative	-546	-128	0
Straight-line rental income	-4,303	-1,995	-440
Changes in operating assets and liabilities:
Other assets	-16,889	-12,995	-2,739
Accounts payable and other liabilities	11,409	13,015	3,131
Accounts payable – affiliates	147	106	-539
Net cash provided by operating activities	75,671	18,540	4,033
CASH FLOWS FROM INVESTING ACTIVITIES:
Real estate acquisitions	-710,799	-761,000	-196,934
Capital expenditures	-15,805	-6,413	-705
Proceeds from sale of real estate	7,256	0	0
Change in restricted cash and investments	3,056	-8,806	-839
Proceeds from sale of derivative	520	0	0
Net cash used in investing activities	-715,772	-776,219	-198,478
CASH FLOWS FROM FINANCING ACTIVITIES:
Net change in credit facility borrowings	291,700	-36,709	36,709
Proceeds from mortgages and loans payable	0	0	175,794
Payments on mortgages and loans payable	-28,636	-78,089	-140,150
Payments of deferred financing expenses	-7,566	-10,377	-2,832
Distributions paid, net of DRIP	-56,612	-19,301	-2,349
Repurchases of common stock	-3,323	-849	-35
Proceeds from issuance of common stock	2,534	1,586,589	109,482
Payment of offering costs	-1,462	-168,758	-14,643
Acquisition of noncontrolling interest in consolidated joint venture	0	-57,000	0
Distributions to noncontrolling interests	-1,135	-5,231	-2,406
Contributions from noncontrolling interests	0	0	35,560
Net cash provided by financing activities	195,500	1,210,275	195,130
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	-444,601	452,596	685
CASH AND CASH EQUIVALENTS:
Beginning of period	460,250	7,654	6,969
End of period	15,649	460,250	7,654
SUPPLEMENTAL CASHFLOW DISCLOSURE, INCLUDING NON-CASH INVESTING AND FINANCING ACTIVITIES:
Cash paid for interest	17,808	7,915	2,346
Fair value of assumed debt	189,006	157,898	40,101
Assumed interest rate swap	714	0	0
Accrued capital expenditures and deferred financing expenses	3,148	2,209	363
Change in offering costs payable to sponsor(s)	-304	-2,608	-4,241
Change in distributions payable	586	9,061	575
Change in accrued share repurchase obligation	1,593	76	0
Distributions reinvested	$62,950	$18,706	$1,324

Organization_Notes

Organization (Notes)	12 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	ORGANIZATION
	Phillips Edison Grocery Center REIT I, Inc., formerly known as Phillips Edison—ARC Shopping Center REIT Inc., (“we”, the “Company”, “our”, or “us”) was formed as a Maryland corporation on October 13, 2009. Substantially all of our business is conducted through Phillips Edison Grocery Center Operating Partnership I, L.P., formerly known as 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 Grocery Center OP GP I LLC, formerly known as Phillips Edison Shopping Center OP GP LLC, is the sole general partner of the Operating Partnership.
	Prior to December 3, 2014, our advisor was American Realty Capital II Advisors, LLC (“ARC”), a limited liability company that was organized in the State of Delaware on December 28, 2009 and that is under common control with AR Capital, LLC (the “AR Capital sponsor”). Under the terms of the advisory agreement between ARC and us (the “ARC Agreement”), ARC was responsible for the management of our day-to-day activities and the implementation of our investment strategy. Pursuant to a sub-advisory agreement (the “Sub-advisory Agreement”) between ARC and Phillips Edison NTR LLC (“PE-NTR”), ARC delegated most of its duties under the ARC Agreement, including the management of our day-to-day operations and our portfolio of real estate assets, to PE-NTR. PE-NTR is directly or indirectly owned by Phillips Edison Limited Partnership (the “Phillips Edison sponsor”) and Michael Phillips and Jeffrey Edison, principals of our Phillips Edison sponsor. Effective December 3, 2014, we terminated the ARC Agreement and entered into an advisory agreement with PE-NTR (the “PE-NTR Agreement”). Under the PE-NTR Agreement, PE-NTR provides the same advisory and asset management services that ARC and PE-NTR provided to us under the ARC Agreement and the Sub-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. As of December 31, 2014, we owned fee simple interests in 138 real estate properties, acquired from third parties unaffiliated with us, PE-NTR, or ARC.

Summary_Of_Significant_Account

Summary Of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation and Principles of Consolidation—The accompanying consolidated financial statements include our accounts and the accounts of the Operating Partnership and its wholly-owned subsidiaries (over which we exercise financial and operating control). The financial statements of the Operating Partnership are prepared using accounting policies consistent with our accounting policies. All intercompany balances and transactions are eliminated upon consolidation.
	Partially-Owned Entities—If we determine that we are an owner in a variable-interest entity (“VIE”), and we hold a controlling financial interest, then we will consolidate the entity as the primary beneficiary. For a partially-owned entity determined not to be a VIE, we analyze rights held by each partner to determine which would be the consolidating party. We will generally consolidate entities (in the absence of other factors when determining control) when we have over a 50% ownership interest in the entity. We will assess our interests in VIEs on an ongoing basis to determine whether or not we are the primary beneficiary. However, we will also evaluate who controls the entity even in circumstances in which we have greater than a 50% ownership interest. If we do not control the entity due to the lack of decision-making abilities, we will not consolidate the entity.
	Use of Estimates—The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. For example, significant estimates and assumptions have been made with respect to the useful lives of assets; recoverable amounts of receivables; initial valuations of tangible and intangible assets and liabilities and related amortization periods of deferred costs and intangibles, particularly with respect to property acquisitions, the valuation and nature of derivatives and their effectiveness as hedges; and other fair value measurement assessments required for the preparation of the consolidated financial statements. Actual results could differ from those estimates.
	Cash and Cash Equivalents—We consider all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash equivalents may include cash and short-term investments. Short-term investments are stated at cost, which approximates fair value and may consist of investments in money market accounts. The cash and cash equivalent balances at one or more of our financial institutions exceeds the Federal Depository Insurance Corporation (FDIC) insurance coverage.
	Restricted Cash—Restricted cash primarily consists of escrowed tenant improvement funds, real estate taxes, capital improvement funds, insurance premiums, and other amounts required to be escrowed pursuant to loan agreements.
	Organizational and Offering Costs—PE-NTR has paid offering expenses on our behalf. We reimbursed on a monthly basis PE-NTR for those costs it, ARC, or any of their respective affiliates incurred on our behalf but only to the extent that the reimbursement did not exceed 1.5% of gross offering proceeds over the life of the offering or cause the selling commissions, the dealer manager fee and the other organization and offering expenses borne by us to exceed 15.0% of gross offering proceeds as of the date of the reimbursement. These offering expenses included all expenses (other than selling commissions and the dealer manager fee) to be paid by us in connection with the offering, including legal, accounting, printing, mailing and filing fees, charges of the escrow holder and transfer agent, reimbursement to ARC and PE-NTR for our portion of the salaries and related employment costs of ARC and PE-NTR’s employees who provided services to us (excluding costs related to employees who provided services for which ARC or PE-NTR, as applicable, receive acquisition or disposition fees), reimbursement to Realty Capital Securities, LLC, the dealer manager (“the Dealer Manager”), for amounts it paid to reimburse the bona fide due diligence expenses of broker-dealers, costs in connection with preparing supplemental sales materials, our costs of conducting bona fide training and education meetings (primarily the travel, meal and lodging costs of our non-registered officers and the non-registered officers of ARC and PE-NTR to attend such meetings), and cost reimbursement for non-registered employees of our affiliates to attend retail seminars conducted by broker-dealers. These offering costs included travel services provided to ARC or PE-NTR by a related party of one or more of the sponsors. Costs associated with the offering were charged against the gross proceeds of the offering.  Organizational costs were expensed as incurred. Effective December 3, 2014, organizational and offering expenses were no longer paid on our behalf as the PE-NTR Agreement does not provide for the reimbursement of such expenses.
	Investment in Property and Lease Intangibles—Real estate assets 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.
	Real estate assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the individual property may not be recoverable. In such an event, a comparison will be made of the projected operating cash flows of each property on an undiscounted basis to the carrying amount of such property. Such carrying amount would be adjusted, if necessary, to estimated fair values to reflect impairment in the value of the asset. We recorded no impairments for the years ended December 31, 2014, 2013, and 2012.
	The results of operations of acquired properties are included in our results of operations from their respective dates of acquisition. We assess the acquisition-date fair values of all tangible assets, identifiable intangibles and assumed liabilities using methods similar to those used by independent appraisers (e.g., discounted cash flow analysis and replacement cost) and that utilize appropriate discount and/or capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including historical operating results, known and anticipated trends, and market and economic conditions. The fair value of tangible assets of an acquired property considers the value of the property as if it was vacant. 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 weighted-average 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 consider 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 and we determine that the tenant has a financial incentive to exercise such option, we include such an option in the calculation of the fair value of such lease and the period over which the lease is amortized.
	We estimate the value of tenant origination and absorption costs by considering the estimated carrying costs during hypothetical expected lease-up periods, considering current market conditions. In estimating carrying costs, management includes real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease-up periods.
	We estimate 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.
	Deferred Financing Expenses—Deferred financing expenses are capitalized and amortized on a straight-line basis over the term of the related financing arrangement, which approximates the effective interest method.
	Fair Value Measurement—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.
	Derivative Instruments and Hedging Activities—We use derivative instruments to manage exposure to variable interest rate risk. We generally enter into interest rate swaps to manage such risk. 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, the calculation period and the 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.
	Changes in fair value as well as net payments or receipts under interest rate swap agreements that do not qualify for hedge accounting treatment are recorded as other income or other expense in the consolidated statements of operations and comprehensive loss.
	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 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. Although management believes its judgments are reasonable, a change in a derivative’s effectiveness as a hedge could materially affect expenses, net income and equity.
	Gain on Sale of Assets—We recognize sales of assets only upon the closing of the transaction with the purchaser. We recognize gains on assets sold upon closing if the collectibility of the sales price is reasonably assured, we are not obligated to perform any significant activities after the sale to earn the profit, we have received adequate initial investment from the purchaser, and other profit recognition criteria have been satisfied. We may defer recognition of gains in whole or in part until: (i) the profit is determinable, meaning that the collectibility of the sales price is reasonably assured or the amount that will not be collectible can be estimated; and (ii) the earnings process is virtually complete, meaning that we are not obliged to perform any significant activities after the sale to earn the profit. During the year ended December 31, 2014, we recorded a gain of $12,000 related to the sale of one property. The sale of this property did not qualify for treatment as discontinued operations.
	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 reduce 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 that includes periodic and determinable adjustments to rent. 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 other assets, net. Due to the impact of the straight-line adjustments, 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.
	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 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 and/or receivables for recoverable expenses. As of December 31, 2014 and 2013, the bad debt reserve for uncollectible amounts was $1.2 million and $0.2 million, respectively.
	We record lease termination income if there is a signed termination 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. Even if we qualify for taxation as a REIT, we may be subject to certain state and local taxes on our income, property or net worth, respectively, and to federal income and excise taxes on our undistributed income. Additionally, GAAP prescribes a recognition threshold and measurement attribute for the financial statement recognition of a tax position taken, or expected to be taken, in a tax return. A tax position may only be recognized in the consolidated financial statements if it is more likely than not that the tax position will be sustained upon examination. We believe it is more likely than not that our tax positions will be sustained in any tax examinations.
	The tax composition of our distributions declared for the years ended December 31, 2014 and 2013 was as follows:
		2014		2013
	Ordinary Income	16.62	%	30.95	%
	Return of Capital	83.38	%	69.05	%
	Total	100	%	100	%
	Repurchase of Common Stock—We offer a share repurchase program which may allow certain stockholders to have their shares repurchased subject to approval and certain limitations and restrictions (see Note 3). We account for those financial instruments that represent our mandatory obligation to repurchase shares as liabilities to be reported at settlement value. When shares are presented for repurchase, we will reclassify such obligations from redeemable common stock to a liability based upon their respective settlement values.
	Under our share repurchase program, the maximum amount of common stock that we may redeem, at the shareholder’s election, during any calendar year is limited, among other things, to 5% of the weighted-average number of shares outstanding during the prior calendar year. The maximum amount is reduced each reporting period by the current year share redemptions to date. We record amounts that are redeemable under the share repurchase program as redeemable common stock outside of permanent equity in our consolidated balance sheets because redemptions are at the option of the holders and are not solely within our control. At December 31, 2014, there were 3.0 million shares represented in this amount on the consolidated balance sheet. Changes in the amount of redeemable common stock from period to period are recorded as an adjustment to capital in excess of par value.
	Class B Units—We issue to ARC and PE-NTR Class B units of the Operating Partnership as compensation for the asset management services provided by PE-NTR under our current advisory agreement. Previously, we also issued to ARC and PE-NTR Class B units in connection with the asset management services provided by ARC and PE-NTR under our prior advisory agreement. Our prior advisory agreement was terminated on December 3, 2014 and was replaced with our current advisory agreement.
	Under the limited partnership agreement of the Operating Partnership, the Class B units vest, and are no longer subject to forfeiture, at such time as 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” or the “market condition”); (y) any one of the following occurs: (1) the termination of our 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 under such advisory agreement is still providing advisory services to us (the “service condition”). Such Class B units are forfeited immediately if: (a) the advisory agreement is terminated for cause; or (b) the 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 have both a market condition and a service condition up to and through a Liquidity Event. A Liquidity Event (“Liquidity Event”) is defined as being the first to occur of the following: (i) a termination without cause (as discussed above), (ii) a listing, or (iii) another liquidity event. Therefore, the vesting of Class B units occurs only upon completion of both the market condition and service condition. Because PE-NTR can be terminated as the advisor without cause before a Liquidity Event occurs, and at such time the market condition and service condition may not be satisfied, the Class B units may be forfeited.  Additionally, if the market condition and service condition had been satisfied and a Liquidity Event had not occurred, ARC or PE-NTR could not control the Liquidity Event because each of the aforementioned events that represent a Liquidity Event must be approved by our independent directors. As a result, we have concluded that the service condition is not probable because of each party’s ability to terminate the current advisory agreement at any time without cause.
	Because the satisfaction of the market or service condition is not probable, no expense for services rendered will be recognized unless the market condition or service condition becomes probable. Based on our conclusion of the market condition and service condition not being probable, the Class B Units issued under our current advisory agreement will be treated as unissued for accounting purposes until the market condition and service condition have been achieved.  However, as the Class B unitholders are not required to return the distributions if the Class B units are forfeited before they vest, the distributions paid to ARC and PE-NTR will be treated as expense for services rendered. This expense will be 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.
	In connection with the termination of our prior advisory agreement with ARC on December 3, 2014, we evaluated whether the market condition and service condition had been met as of that date and therefore whether the Class B units issued to ARC and PE-NTR for asset management services provided from October 1, 2012 through December 3, 2014 had vested. As part of this evaluation, PE-NTR presented information to our independent directors that illustrated PE-NTR’s belief that the market condition had been met as of December 3, 2014. Our independent directors, along with an independent advisor engaged by the independent directors, reviewed these materials and confirmed PE-NTR’s belief that the market condition had been met as of December 3, 2014. As a result, all Class B units issued to ARC and PE-NTR for asset management services provided pursuant to our prior advisory agreement are deemed to have vested as of December 3, 2014. Despite the vesting of the Class B units, our current advisory agreement with PE-NTR prohibits PE-NTR from exercising any rights it may have to exchange any Class B units for cash or shares of our common stock until the occurrence of a liquidity event for stockholders. Any and all Class B units issued to ARC and PE-NTR for asset management services provided subsequent to December 3, 2014 will remain unvested and subject to forfeiture until the occurrence of the events described above.
	Earnings Per Share—We use the two-class method of computing earnings per share (“EPS”), which is an earnings allocation formula that determines EPS for common stock and any participating securities (in our case the vested Class B units) according to dividends declared (whether paid or unpaid). Under the two-class method, basic EPS is computed by dividing the sum of distributed earnings to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from share equivalent activity. The vested Class B units were excluded from diluted net loss per share computations as their effect would have been antidilutive.
	There were 2.8 million vested Class B units of the Operating Partnership outstanding or held by ARC and PE-NTR as of December 31, 2014. There were 0.5 million and zero unvested Class B units outstanding as of December 31, 2013 and 2012, respectively, which had no effect on EPS. The effects on EPS of the two-class method were immaterial to the financial statements as of December 31, 2014.
	Segment Reporting—We assess and measure operating results of our properties based on net property operations. We internally evaluate the operating performance of our portfolio of properties and do not differentiate properties by geography, size or type. Each of our investment properties is considered a separate operating segment, and as each property earns revenue and incurs expenses, individual operating results are reviewed and discrete financial information is available. However, the properties are aggregated into one reportable segment as they have similar economic characteristics, we provide similar services to the tenants at each of our properties, and we evaluate the collective performance of our properties. Accordingly, we did not report any other segment disclosures in 2014.
	Noncontrolling Interests—The vested Class B units issued as of December 31, 2014 are classified as noncontrolling interests within permanent equity on our consolidated balance sheets. Please refer to Note 3 for additional information regarding these vested units issued under our prior advisory agreement.
	Prior to December 31, 2013, we owned a 54% interest in a joint venture (the “Joint Venture”) with a group of institutional investors advised by CBRE Investors Global Multi Manager (the “CBRE Investors) that owned 20 of our real estate properties. On December 31, 2013, we acquired the 46% interest of the CBRE Investors for a purchase price of $57.0 million. As a result, we owned 100% of the Joint Venture as of December 31, 2013. There is a remaining noncontrolling interest in a subsidiary REIT of the Joint Venture in the form of preferred stock.
	Impact of Recently Issued Accounting Pronouncements—The following table provides a brief description of recent accounting pronouncements that could have a material effect on our financial statements:
	Standard		Description	Date of Adoption		Effect on the Financial Statements or Other Significant Matters
	ASU 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.		The amendments in this update raise the threshold for a property disposal to qualify as a discontinued operation and require new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation.	January 1, 2014 (early adoption elected)		The adoption of this pronouncement may result in property disposals not qualifying for discontinued operations presentation, and thus the results of those disposals will remain in income from continuing operations.
	Reclassifications—The following line items on our consolidated balance sheet as of December 31, 2013 were reclassified to conform to the current year presentation:
	•	Land improvements were reclassified from building and improvements to the same balance sheet caption as land, changing the current year presentation of this balance sheet caption to land and improvements;
	•	Acquired intangible lease assets and the related accumulated amortization were reclassified to be included in the subtotal for total investment in real estate assets, net;
	•	Accounts receivable, net of bad debt reserve, prepaid expenses and other, and the derivative asset were each reclassified from their own respective line items to other assets, net; and
	•	Accounts payable and accrued and other liabilities were each reclassified from their own respective line items to accounts payable and other liabilities.
	The following line items on our consolidated statements of cash flows for the years ended December 31, 2013 and 2012 were reclassified to conform to the current year presentation:
	•	The change in accounts receivable and the change in prepaid expenses and other were reclassified to the change in other assets;
	•	The change in accounts payable and the change in accrued and other liabilities were reclassified to the change in accounts payable and other liabilities; and
	•	Borrowings and repayments on our unsecured credit facility were reclassified from proceeds on mortgages and loans payable and payments on mortgages and loans payable, respectively, to the net change in credit facility borrowings.

Equity

Equity	12 Months Ended
	Dec. 31, 2014
Stockholders' Equity Note [Abstract]
Equity	EQUITY
	General—We have the authority to issue a total of 1 billion shares of common stock with a par value of $0.01 per share and 10 million shares of preferred stock, $0.01 par value per share. As of December 31, 2014, we had issued 182.6 million shares of common stock generating gross proceeds of $1.8 billion. As of December 31, 2014, there were 182.1 million shares of our common stock outstanding, which is net of 0.5 million shares repurchased from stockholders pursuant to our share repurchase program, and we had issued no shares of preferred stock. The holders of 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 a dividend reinvestment plan (the “DRIP”) that allows stockholders to invest distributions in additional shares of our common stock. We continue to offer up to a total of approximately 18.2 million shares of common stock under the DRIP. Stockholders who elect to participate in the DRIP may choose to invest all or a portion of their cash distributions in shares of our common stock at a purchase price of $9.50 per share. Stockholders who elect to participate in the DRIP, 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 in cash.  Distributions reinvested through the DRIP for the years ended December 31, 2014, 2013 and 2012, were $63.0 million, $18.7 million and $1.3 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 stockholders’ original purchase prices 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.
	The following table presents the activity of the share repurchase program for the years ended December 31, 2014, 2013, and 2012 (in thousands, except per share amounts):
		2014		2013		2012
	Shares repurchased	346		86		4
	Cost of repurchases	$	3,323	$	849	$	35
	Average repurchase price	$	9.6	$	9.87	$	9.36
	We record a liability representing our obligation to repurchase shares of common stock submitted for repurchase as of year end but not yet repurchased. Below is a summary of our obligation to repurchase shares of common stock recorded as a component of accounts payable and other liabilities on our consolidated balance sheets as of December 31, 2014 and 2013 (in thousands):
		2014		2013
	Shares submitted for repurchase	177		8
	Liability recorded	$	1,669	$	76
	Class B Units—Under our prior advisory agreement, in connection with asset management services provided by ARC and PE-NTR, we had issued 2.4 million Class B units to both parties for services performed from October 1, 2012 through September 30, 2014. There were 0.4 million additional unissued units for services provided from October 1, 2014 through December 3, 2014, the date of the termination of our prior advisory agreement, for which we recorded a liability as of December 31, 2014, pending formal approval of the issuance of such units by our board of directors. In connection with the termination of the prior advisory agreement, we determined that the economic hurdle had been met as of that date and that the units issued to ARC and PE-NTR for asset management services provided through December 3, 2014 had vested.
	As a result of the vesting of the 2.8 million issued and unissued Class B units, we recognized a non-cash expense of $27.9 million for asset management services provided to us by ARC and PE-NTR. We recorded the expense at fair value based upon the market value of the asset management services that had been provided.
	Under the terms of the limited partnership agreement of the Operating Partnership, at any time following the first anniversary of the date of their issuance, the Class B units held by ARC may be redeemed at the election of the holder for cash or, at our option, for shares of our common stock, under the terms of exchange rights agreements to be prepared at a future date. Class B units held by PE-NTR may be redeemed in a similar fashion subsequent to the occurrence of a listing of our common stock or liquidation of our portfolio, provided that a year has passed since the issuance of the Class B Units at such time as the listing of our common stock or the liquidation of our portfolio occurs.
	As the form of the redemptions for the vested Class B units is within our control, the Class B units issued as of December 31, 2014 are classified as noncontrolling interests within permanent equity on our consolidated balance sheets. As of December 31, 2014, the fair value of the vested Class B units was $23.8 million (with an additional $4.1 million recorded as a liability related to the unissued units as described above). The unissued units will be recorded as noncontrolling interests during the first quarter of 2015, upon approval of their issuance by our board of directors, which occurred in February 2015. Additionally, as a result of the vesting, the cumulative distributions that had been paid on these Class B units through December 3, 2014 were reclassified from general and administrative expense into noncontrolling interests as distributions to noncontrolling interests.

Fair_Value_Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENT
	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 and investments, accounts receivable, and accounts payable—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. Real estate assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the individual property may not be recoverable. In such an event, a comparison will be made of the projected operating cash flows of each property on an undiscounted basis to the carrying amount of such property. Such carrying amount would be adjusted, if necessary, to estimated fair values to reflect impairment in the value of the asset.
	Mortgages and 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 rate used approximates 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). We have utilized market information, as available, or present value techniques to estimate the amounts required to be disclosed.
	The following is a summary of discount rates and borrowings as of December 31, 2014 and 2013 (in thousands):
		2014			2013
	Discount rates:
	Fixed-rate debt	3.4		%	4.5		%
	Secured variable-rate debt	2.48		%	N/A
	Unsecured variable-rate debt	1.93		%	N/A
	Borrowings:
	Fair value	$	665,982		$	201,450
	Recorded value	650,462			200,872
	Derivative instruments—As of December 31, 2014, we were party to one interest rate swap agreement with a notional amount of $11.6 million, assumed as part of an acquisition, which is measured at fair value on a recurring basis. The interest rate swap agreement in effect fixes the variable interest rate of our secured variable-rate mortgage note at an annual interest rate of 5.22% through June 10, 2018.
	As of December 31, 2013, we were party to one interest rate swap agreement with a notional amount of $50.0 million that was measured at fair value on a recurring basis. The interest rate swap agreement effectively fixed the variable interest rate of a $50.0 million portion of our unsecured credit facility at 2.10% through December 2017. On February 21, 2014, we sold this interest rate swap to an unaffiliated party.
	The fair values of the interest rate swap agreements as of December 31, 2014 and 2013 were based on the estimated amounts we would receive or pay to terminate the contracts at the reporting date and were determined using interest rate pricing models and interest rate related observable inputs.  Although we determined that the significant inputs used to value our derivatives fell 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 December 31, 2014 and 2013, we have assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our derivative positions and have determined that the credit valuation adjustments are not significant to the overall valuation of our derivatives. 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 did or could actually realize upon disposition of the financial assets and liabilities previously sold or currently held (see Note 10).
	These interest rate swaps were our only financial assets and liabilities that were measured at fair value as of December 31, 2014 and 2013. The value recorded as a component of accounts payable and other liabilities for the interest rate swaps was $0.6 million as of December 31, 2014. The value recorded as a component of other assets, net for the interest rate swaps was $0.8 million as of December 31, 2013.

Real_Estate_Acquisitions

Real Estate Acquisitions	12 Months Ended
	Dec. 31, 2014
Business Combinations [Abstract]
Real Estate Acquisitions	REAL ESTATE ACQUISITIONS
	For the year ended December 31, 2014, we acquired 56 grocery-anchored retail centers and one strip center adjacent to a previously acquired grocery-anchored retail center for a combined purchase price of approximately $906.5 million, including $183.5 million of assumed debt with a fair value of $189.0 million.  Additionally, we assumed an interest rate swap agreement valued as a $0.7 million liability at the time of our acquisition of Townfair Shopping Center. The following tables present certain additional information regarding our acquisitions of properties which were deemed individually immaterial when acquired, but are material in the aggregate.
	For the years ended December 31, 2014 and 2013, we allocated the purchase price of acquisitions to the fair value of the assets acquired and liabilities assumed as follows (in thousands):
		2014			2013
	Land and improvements	$	276,615		$	283,277
	Building and improvements	557,454			554,606
	Acquired in-place leases	81,299			84,229
	Acquired above-market leases	18,060			13,031
	Acquired below-market leases	(26,978		)	(17,393		)
	Total assets and lease liabilities acquired	906,450			917,750
	Debt assumed	189,006			157,866
	Assumed interest rate swap	714			—
	Net assets acquired	$	716,730		$	759,884
	The weighted-average amortization periods for acquired in-place lease, above-market lease, and below-market lease intangibles acquired during the years ended December 31, 2014 and 2013 are as follows (in years):
		2014		2013
	Acquired in-place leases	9		5
	Acquired above-market leases	10		7
	Acquired below-market leases	13		9
	The amounts recognized for revenues, acquisition expenses and net loss, recorded during the year of acquisition, related to the operating activities of our material acquisitions are as follows (in thousands):
		For the Year Ended December 31,
		2014			2013
	Revenue	$	52,248		$	37,683
	Acquisition expenses	17,407			17,266
	Net loss	11,278			9,170
	The following unaudited information summarizes selected financial information from our combined results of operations, as if all of our acquisitions for 2013 and 2014 had been acquired on January 1, 2013 (in thousands, except per share amounts). 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.
		For the Year Ended December 31,
	(in thousands)	2014			2013
	Pro forma revenues	$	228,502		$	223,812
	Pro forma net income (loss) attributable to stockholders	2,547			(3,367		)

Acquired_Intangible_Lease_Asse

Acquired Intangible Lease Assets	12 Months Ended
	Dec. 31, 2014
Finite Lived Intangible Assets Disclosure [Abstract]
Acquired Intangible Assets	ACQUIRED INTANGIBLE LEASE ASSETS
	Acquired intangible lease assets consisted of the following as of December 31, 2014 and 2013 (in thousands):
		2014			2013
	Acquired in-place leases	$	182,690		$	102,192
	Acquired above-market leases	37,911			19,868
	Total acquired intangible lease assets	220,601			122,060
	Accumulated amortization	(43,915		)	(14,330		)
	Net acquired intangible lease assets	$	176,686		$	107,730
	Summarized below is the amortization recorded on the intangible assets for the years ended December 31, 2014, 2013, and 2012 (in thousands):
		2014			2013			2012
	Acquired in-place leases(1)	$	24,697		$	8,054		$	1,992
	Acquired above-market leases(2)	4,996			2,433			1,045
	Total	$	29,693		$	10,487		$	3,037
	(1) Amortization recorded on acquired in-place leases was included in depreciation and amortization in the consolidated statements of operations.
	(2) Amortization recorded on acquired above-market leases was an adjustment to rental revenue in the consolidated statements of operations.
	Estimated future amortization of the respective acquired intangible lease assets as of December 31, 2014 for each of the five succeeding calendar years and thereafter is as follows (in thousands):
	Year	In-Place Leases			Above-Market Leases
	2015	$	29,130		$	5,688
	2016	26,776			4,782
	2017	23,825			3,959
	2018	18,632			3,182
	2019	13,484			2,435
	2020 and thereafter	35,879			8,914
	Total	$	147,726		$	28,960

Mortgages_and_Loans_Payable

Mortgages and Loans Payable	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Mortgages and Loans Payable	MORTGAGES AND LOANS PAYABLE
	As of December 31, 2014 and 2013, we had approximately $350.9 million and $196.1 million, respectively, of outstanding mortgage notes payable, excluding fair value of debt adjustments. Each mortgage note payable is secured by the respective property on which the debt was placed.
	As of December 31, 2014, we had access to a $700 million unsecured revolving credit facility, which may be expanded to $1 billion, with a $291.7 million outstanding principal balance from which we may draw funds to pay certain long-term debt obligations as they mature. The interest rate on amounts outstanding under this credit facility is currently LIBOR plus 1.3%. The credit facility matures on December 18, 2017, with two six-month options to extend the maturity to December 18, 2018.
	Of the amount outstanding on our mortgage notes and loans payable at December 31, 2014, $59.6 million is for loans that mature in 2015, excluding monthly scheduled principal payments. We intend to repay or refinance any principal balance outstanding on loans maturing in 2015 as they mature. As of December 31, 2014 and 2013, the weighted-average interest rates for all of our mortgage notes and loans payable were 3.7% and 5.6%, respectively.
	The table below summarizes our loan assumptions in conjunction with property acquisitions for the years ended December 31, 2014 and 2013 (dollars in thousands):
		2014			2013
	Number of properties acquired with loan assumptions	15			14
	Carrying value of assumed debt	$	183,506		$	153,784
	Fair value of assumed debt	189,006			157,866
	The assumed net below-market debt adjustment will be amortized over the remaining life of the loans, and this amortization is classified as a component of interest expense. The amortization recorded on the assumed below-market debt adjustment was $2.5 million and $1.2 million for the years ended December 31, 2014 and 2013, respectively.
	The following is a summary of the outstanding principal balances of our debt obligations as of December 31, 2014 and 2013 (in thousands):
		2014			2013
	Fixed rate mortgages payable(1)(2)	$	350,922		$	196,052
	Unsecured credit facility - variable rate(3)	291,700			—
	Assumed net below-market debt adjustment	7,840			4,820
	Total	$	650,462		$	200,872
	(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 Center, Broadway Plaza, Publix at Northridge, Kleinwood Center, Murray Landing, Vineyard Center, Sunset Center, Westwoods Shopping Center, Stockbridge Commons, East Burnside Plaza, Fresh Market, Collington Plaza, Stop & Shop Plaza, Arcadia Plaza, Savoy Plaza, Coppell Market Center, Statler Square, Hamilton Village, Waynesboro Plaza, Thompson Valley Towne Center, Lumina Commons, Driftwood Village, and Orchard Square. The outstanding principal balance of these non-recourse mortgages as of December 31, 2014 and 2013 was $252.1 million and $157.8 million, respectively.
	(2)	As of December 31, 2014, the interest rate on $11.6 million outstanding under one of our variable-rate mortgage notes payable was, in effect, fixed at 5.22% by an interest rate swap agreement (see Notes 4 and 10).
	(3)	As of December 31, 2014 and 2013, the maximum borrowing capacity of the unsecured credit facility was $700.0 million and $176.7 million, respectively. The gross borrowings under credit facilities were $306.7 million, $146.4 million, and $36.7 million during the years ended December 31, 2014, 2013, and 2012, respectively. The gross payments on credit facilities were $15.0 million, $183.1 million, and zero during the years ended December 31, 2014, 2013, and 2012, respectively.
	Below is a listing of our maturity schedule with the respective principal payment obligations (in thousands) and weighted-average interest rates:
		2015			2016			2017			2018			2019			Thereafter			Total
	Maturing debt:(1)
	Fixed rate mortgages payable(2)(3)	$	65,885		$	104,797		$	47,290		$	20,857		$	4,206		$	107,887		$	350,922
	Unsecured credit facility - variable rate	—			—			291,700			—			—			—			291,700
	Total maturing debt	$	65,885		$	104,797		$	338,990		$	20,857		$	4,206		$	107,887		$	642,622
	Weighted-average interest rate on debt:
	Fixed rate mortgages payable(2)(3)	5.2		%	5.7		%	5.3		%	6.3		%	5.8		%	5.2		%	5.5		%
	Unsecured credit facility - variable rate	—		%	—		%	1.5		%	—		%	—		%	—		%	1.5		%
	Total	5.2		%	5.7		%	2		%	6.3		%	5.8		%	5.2		%	3.7		%
	(1)	The debt maturity table does not include any net below-market debt adjustments, of which $7.8 million, net of accumulated amortization, was unamortized as of December 31, 2014.
	(2)	As of December 31, 2014, the interest rate on $11.6 million outstanding under one of our variable-rate mortgage notes payable was, in effect, fixed at 5.22% by an interest rate swap agreement (see Notes 4 and 10).
	(3)	All but $6.4 million of the fixed rate debt represents loans assumed as part of certain acquisitions.

Acquired_BelowMarket_Lease_Int

Acquired Below-Market Lease Intangibles	12 Months Ended
	Dec. 31, 2014
Below Market Lease [Abstract]
Acquired Below-Market Lease Intangibles	ACQUIRED BELOW-MARKET LEASE INTANGIBLES
	Summarized below is the amortization recorded on the below-market lease intangible liabilities for the years ended December 31, 2014, 2013, and 2012 (in thousands):
			2014		2013		2012
	Acquired below-market leases(1)		$	4,911	$	1,897	$	650
	(1) Amortization recorded on acquired below-market leases was an adjustment to rental revenue in the consolidated statements of operations.
	Estimated future amortization income of the intangible lease liabilities as of December 31, 2014 for each of the five succeeding calendar years and thereafter is as follows (in thousands):
	Year	Below-Market Leases
	2015	$	6,423
	2016	5,925
	2017	4,993
	2018	3,950
	2019	3,216
	2020 and thereafter	17,947
	Total	$	42,454

Commitments_And_Contingencies

Commitments And Contingencies	12 Months Ended
	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingencies	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 record liabilities as they arise related to environmental obligations. We have not been notified by any governmental authority of any material non-compliance, liability or other claim, nor are we aware of any other environmental condition that we believe will have a material impact on our consolidated financial statements.

Derivatives_and_Hedging_Activi

Derivatives and Hedging Activities	12 Months Ended
	Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative and Hedging Activities	DERIVATIVES AND HEDGING ACTIVITIES
	Risk Management Objective of Using Derivatives
	We are exposed to certain risks arising from both our business operations and economic conditions. We principally manage our exposure to a wide variety of business and operational risks through management of our core business activities. We manage economic risks, including interest rate, liquidity, and credit 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 the years ended December 31, 2014 and 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 prior to de-designation.
	During the year ended December 31, 2014, we terminated our only designated interest rate swap and accelerated the reclassification of amounts in other comprehensive income to earnings as a result of the hedged forecasted transactions becoming probable not to occur. The accelerated amounts resulted in a gain of $690,000 recorded in other income, net, in the consolidated statements of operations and comprehensive loss for the year ended December 31, 2014. As a result of the hedged forecasted transaction becoming probable not to occur, the swap was de-designated as a cash flow hedge in February 2014, and changes in fair value of a loss of $326,000 were recorded directly in other income, net during the year ended December 31, 2014. During the year ended December 31, 2013, we accelerated the reclassification of amounts in other comprehensive income to earnings as a result of the hedged forecasted transactions becoming probable not to occur. The accelerated amounts were a loss of $6,000 for the year ended December 31, 2013.
	As of December 31, 2014, we had no active outstanding interest rate derivatives that were designated as cash flow hedges.
	Derivatives Not Designated as Hedging Instruments
	Derivatives not designated as hedges are not speculative and are used to manage our exposure to interest rate movements and other identified risks, but do not meet the strict hedge accounting requirements to be classified as hedging instruments. Changes in the fair value of these derivative instruments are recorded directly in other income, net, and resulted in a loss of $350,000 for the year ended December 31, 2014, including the loss recorded in relation to the aforementioned de-designated swap. We did not have any derivatives that were not designated as hedges during the year ended December 31, 2013.
	Tabular Disclosure of the Effect of Derivative Instruments on the Consolidated Statements of Operations and Comprehensive Loss
	The table below presents the effect of our derivative financial instruments on the consolidated statements of operations and comprehensive loss for the years ended December 31, 2014 and 2013, respectively (in thousands).
	Derivatives in Cash Flow Hedging Relationships (Interest Rate Swap)	2014		2013
	Amount of gain recognized in other comprehensive income on derivative	$	—	$	633
	Amount of loss reclassified from accumulated other comprehensive income into interest expense	—		(57		)
	Amount of gain (loss) recognized in income on derivative (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing)	690		(48		)
	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, we could also be declared to be in default on our derivative obligations.
	As of December 31, 2014, the fair value of our derivative was a net liability position including accrued interest, but excluding any adjustment for nonperformance risk related to this agreement. As of December 31, 2014, we have not posted any collateral related to this agreement.

RelatedParty_Transactions

Related-Party Transactions	12 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Related Party Transactions	RELATED-PARTY TRANSACTIONS
	Economic Dependency—We are dependent on PE-NTR, Phillips Edison & Company Ltd. (the “Property Manager”), and their respective affiliates for certain services that are essential to us, asset acquisition and disposition decisions, asset management, operating and leasing of our properties, and other general and administrative responsibilities. In the event that PE-NTR, and/or the Property Manager, and their respective affiliates are unable to provide such services, we would be required to find alternative service providers, which could result in higher costs and expenses.
	Advisory Agreement—Pursuant to the ARC Agreement, ARC was entitled to specified fees for certain services, including managing our day-to-day activities and implementing our investment strategy. ARC had entered into a Sub-advisory Agreement with PE-NTR, who managed our day-to-day affairs and our portfolio of real estate investments on behalf of ARC, subject to the board’s supervision and certain major decisions requiring the consent of ARC and PE-NTR. The expenses to be reimbursed to ARC and PE-NTR would be reimbursed in proportion to the amount of expenses incurred on our behalf by ARC and PE-NTR, respectively.
	Pursuant to the PE-NTR Agreement effective on December 3, 2014, PE-NTR is entitled to specified fees for certain services, including managing our day-to-day activities and implementing our investment strategy. PE-NTR manages our day-to-day affairs and our portfolio of real estate investments subject to the board’s supervision. Expenses are to be reimbursed to PE-NTR based on amounts incurred on our behalf by PE-NTR.
	Organization and Offering Costs—Under the terms of the ARC Agreement, we were to reimburse, on a monthly basis, ARC, PE-NTR or their respective affiliates for cumulative organization and offering costs and future organization and offering costs they might 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 primary initial public offering and our DRIP offering.
	Summarized below are the organization and offering costs charged by and the costs reimbursed to ARC, PE-NTR, and their affiliates for the years ended December 31, 2014 and 2013, and any related amounts unpaid as of December 31, 2014 and 2013 (in thousands):
		2014				2013
	Total Organization and Offering costs charged(1)	$	27,104			$	26,252
	Total Organization and Offering costs reimbursed	27,029				25,873
	Total unpaid Organization and Offering costs(1)	$	75			$	379
	(1)	Certain of these cumulative organization and offering costs were charged to us by our former advisor. The net payable of $75 is due to our former advisor as of December 31, 2014.
	Acquisition Fee—We paid ARC under the ARC Agreement and we pay PE-NTR under the PE-NTR Agreement 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.
	Acquisition Expenses—We reimburse PE-NTR for direct expenses incurred related to selecting, evaluating, and acquiring assets on our behalf. During the year ended December 31, 2014, we reimbursed PE-NTR for personnel costs related to due diligence services for assets we acquired during the period.
	Asset Management Subordinated Participation—Within 60 days after the end of each calendar quarter (subject to the approval of our board of directors), we will pay an asset management subordinated participation by issuing a number of restricted operating partnership units designated as Class B Units to PE-NTR and ARC equal to: (i) the excess of the product of (x) the cost of our assets multiplied by (y) 0.25%; divided by (ii) the value of one share of common stock as of the last day of such calendar quarter net of the selling commissions and dealer manager fees payable on shares of our common stock in our initial public offering.
	ARC and PE-NTR are entitled to receive distributions on the vested and unvested Class B units they receive in connection with their asset management subordinated participation at the same rate as distributions are paid to common stockholders. Such distributions are in addition to the incentive fees that ARC, PE-NTR and their affiliates may receive from us. During the year ended December 31, 2014, the Operating Partnership issued 1.8 million Class B units to ARC and PE-NTR under the ARC Agreement for the asset management services performed by ARC and PE-NTR during the period from October 1, 2013 to September 30, 2014.
	On December 3, 2014, we terminated our advisory agreement with ARC. As a result, 2.8 million Class B units vested, which includes the Class B units referred to in the preceding paragraph. These units vested upon our determination that the requisite economic hurdle had been met on the same date. Such economic hurdle required that the value of the Operating Partnership’s assets plus all distributions made equaled or exceeded the total amount of capital contributed by investors plus a 6% cumulative, pre-tax, non-compounded annual return thereon.
	We continue to issue Class B units to PE-NTR and ARC in connection with the asset management services provided by PE-NTR under our current advisory agreement. Such Class B units will not vest until the economic hurdle is met in conjunction with (i) a termination of the advisory agreement by our independent directors without cause, (ii) a listing event, or (iii) a liquidity event; provided that PE-NTR serves as our advisor at the time of any of the foregoing events.
	Financing Fee—We paid ARC under the ARC Agreement and we pay PE-NTR under the PE-NTR Agreement a financing fee equal to 0.75% of all amounts made available under any loan or line of credit.
	Disposition Fee—We paid ARC under the ARC Agreement and we pay PE-NTR under the PE-NTR Agreement for substantial assistance by ARC, PE-NTR or any of their affiliates in connection with the sale of properties or other investments, 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 ARC, PE-NTR or its 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 ARC, PE-NTR or its respective affiliates’ 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 ARC, PE-NTR in connection with a sale. However, if we sold an asset to an affiliate, our organizational documents would prohibit us from paying ARC, PE-NTR or its respective affiliates a disposition fee. As of December 31, 2014, we had sold one property for which we were charged a disposition fee, which is classified as a component of other income, net on the consolidated statement of operations and comprehensive loss.
	General and Administrative Expenses—As of December 31, 2014 and 2013, we owed PE-NTR $26,000 and $85,000, respectively, for general and administrative expenses paid on our behalf. As of December 31, 2014, PE-NTR has not allocated any portion of its employees’ salaries to general and administrative expenses.
	Summarized below are the fees earned by and the expenses reimbursable to ARC and PE-NTR, except for organization and offering costs and general and administrative expenses, which we disclose above, for the years ended December 31, 2014, 2013, and 2012, and any related amounts unpaid as of December 31, 2014 and 2013 (in thousands):
				For the Year Ended												Unpaid Amount as of
				December 31,												December 31,
				2014				2013				2012				2014				2013
	Acquisition fees			$	9,011			$	10,095			$	1,705			$	—			$	—
	Acquisition expenses			1,074				—				—				—				—
	Asset management fees(1)			27,853				999				697				—				—
	Class B unit distribution(2)			965				154				—				135				30
	Financing fees			4,001				5,581				816				—				—
	Disposition fees			129				—				—				—				—
	(1)	For the year ended December 31, 2014, these fees were related to the vesting of 2.8 million Class B units issued by the Operating Partnership in connection with asset management services provided by PE-NTR and ARC. For the years ended December 31, 2013 and 2012, these fees were paid by a group of institutional investors advised by CBRE Global Multi-Manager (the “CBRE Investors”) pursuant to the advisory agreement between our joint venture with the CBRE Investors and ARC.
	(2)	Represents the distributions paid to ARC and PE-NTR as holders of Class B units of the Operating Partnership.
	Subordinated Participation in Net Sales Proceeds—The Operating Partnership may pay to Phillips Edison 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 stockholders of a 7.0% cumulative, pre-tax, non-compounded return on the capital contributed by stockholders.  ARC has a 15.0% interest and PE-NTR has an 85.0% interest in the Special Limited Partner.
	Subordinated Incentive Listing Distribution—The Operating Partnership may 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 to15.0% 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 has been earned to date.
	Subordinated Distribution Upon Termination of the Advisor Agreement—Upon termination or non-renewal of our advisory agreement with PE-NTR, 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 value of our assets owned at the time of such termination or non-renewal 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 a liquidity event occurs. No such termination has occurred to date.
	Property Manager—All of our real properties are managed and leased by the Property Manager. The Property Manager is wholly owned by our Phillips Edison sponsor. The Property Manager also manages real properties acquired by the Phillips Edison affiliates or other third parties.
	Commencing June 1, 2014, the amount we pay to the Property Manager in monthly property management fees decreased from 4.5% to 4.0% of the monthly gross cash receipts from 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 based on national market rates. The Property Manager shall be paid a leasing fee in connection with a tenant’s exercise of an option to extend an existing lease, and the leasing fees payable to the Property Manager may be increased by up to 50% in the event that the Property Manager engages a co-broker to lease a particular vacancy. We reimburse the costs and expenses incurred by the Property Manager on our behalf, including employee compensation, 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 PE-NTR 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 years ended December 31, 2014, 2013 and 2012, and any related amounts unpaid as of December 31, 2014 and 2013 (in thousands):
														Unpaid Amount as of
		For the Year Ended December 31,												December 31,				December 31,
		2014				2013				2012				2014				2013
	Property management fees	$	7,245			$	3,011			$	756			$	474			$	418
	Leasing commissions	3,561				1,239				302				191				80
	Construction management fees	692				293				41				73				50
	Other fees and reimbursements	2,328				684				191				—				89
	Total	$	13,826			$	5,227			$	1,290			$	738			$	637
	Dealer Manager—The Dealer Manager for the primary portion of our initial public offering is a member firm of the Financial Industry Regulatory Authority, Inc. (“FINRA”). The Dealer Manager is a subsidiary of an entity which is under common control with our AR Capital sponsor and provided certain sales, promotional and marketing services in connection with the distribution of the shares of common stock offered under the primary portion of our initial public offering. Excluding shares sold pursuant to the “friends and family” program, the Dealer Manager was 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 reallowed 100% of the selling commissions and a portion of the dealer manager fee to participating broker-dealers. Our agreement with the Dealer Manager terminated by its terms in connection with the close of our primary offering on February 7, 2014.
	Summarized below are the fees earned by the Dealer Manager for the years ended December 31, 2014, 2013 and 2012 (in thousands):
		2014				2013				2012
	Selling commissions	$	157			$	100,148			$	7,880
	Selling commissions reallowed	157				100,148				7,880
	Dealer manager fees	72				46,981				2,552
	Dealer manager fees reallowed	29				17,116				767
	Share Purchases by PE-NTR—PE-NTR agreed to purchase on a monthly basis sufficient shares sold in our public offering such that the total shares owned by PE-NTR was 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. PE-NTR purchased shares at a purchase price of $9.00 per share, reflecting no dealer manager fee or selling commissions paid on such shares.
	As of December 31, 2014, PE-NTR owned 176,509 shares of our common stock, or approximately 0.10% of our outstanding common stock issued during our initial public offering period, which closed on February 7, 2014.  PE-NTR may not sell any of these shares while serving as our advisor.

Operating_Leases

Operating Leases	12 Months Ended
	Dec. 31, 2014
Leases, Operating [Abstract]
Operating Leases	OPERATING LEASES
	The terms and expirations of our operating leases with our tenants vary. The lease agreements frequently contain options to extend the terms of leases 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 December 31, 2014, assuming no new or renegotiated leases or option extensions on lease agreements, are as follows (in thousands):
	Year	Amount
	2015	$	163,969
	2016	150,654
	2017	134,588
	2018	116,821
	2019	94,625
	2020 and thereafter	419,014
	Total	$	1,079,671
	No single tenant comprised 10% or more of our aggregate annualized effective rent as of December 31, 2014.

Quarterly_Financial_Data

Quarterly Financial Data	12 Months Ended
	Dec. 31, 2014
Quarterly Financial Data [Abstract]
Quarterly Financial Data (Unaudited)	QUARTERLY FINANCIAL DATA (UNAUDITED)
	The following is a summary of the unaudited quarterly financial information for the years ended December 31, 2014 and 2013. We believe that all necessary adjustments, consisting only of normal recurring adjustments, have been included in the amounts stated below to present fairly, and in accordance with GAAP, the selected quarterly information.
		2014
		First			Second			Third			Fourth
	(in thousands, except per share amounts)	Quarter			Quarter			Quarter			Quarter
	Total revenue	$	35,677		$	43,914		$	50,031		$	58,593
	Net (loss) income attributable to stockholders	(423		)	(1,879		)	2,143			(22,476		)
	Net (loss) income per share - basic and diluted	(0.00		)	(0.01		)	0.01			(0.13		)
		2013
		First			Second			Third			Fourth
	(in thousands, except per share amounts)	Quarter			Quarter			Quarter			Quarter
	Total revenue	$	11,237		$	15,164		$	20,144		$	26,620
	Net loss attributable to stockholders	(2,848		)	(1,993		)	(1,408		)	(6,155		)
	Net loss per share - basic and diluted	(0.16		)	(0.05		)	(0.02		)	(0.05		)

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS
	Distributions
	Distributions equal to a daily amount of $0.00183562 per share of common stock outstanding were paid subsequent to December 31, 2014 to the stockholders of record from December 1, 2014 through February 28, 2015 as follows (in thousands):
	Distribution Period	Date Distribution Paid	Gross Amount of Distribution Paid			Distribution Reinvested through the DRIP		Net Cash Distribution
	December 1, 2014 through December 31, 2014	1/2/15	$	10,364		$	5,444	$	4,921
	January 1, 2015 through January 31, 2015	2/2/15	10,395			5,448		4,948
	February 1, 2015 through February 28, 2015	3/2/15	9,405			4,912		4,493
	On January 27, 2015, our board of directors authorized distributions to the stockholders of record at the close of business each day in the period commencing March 1, 2015 through and including March 31, 2015. The authorized distributions equal an amount of $0.00183562 per share of common stock, par value $0.01 per share. We expect to pay these distributions on April 1, 2015. On March 4, 2015, our board of directors authorized distributions to the stockholders of record at the close of business each day in the period commencing April 1, 2015 through and including April 30, 2015. The authorized distributions equal an amount of $0.00183562 per share of common stock, par value $0.01 per share. We expect to pay these distributions on May 1, 2015. 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.
	Acquisitions
	Subsequent to December 31, 2014, we acquired a 100% ownership interest in the following properties (dollars in thousands):
	Property Name	Location	Anchor		Acquisition Date	Purchase Price		Square Footage		Leased % Rentable Square Feet at Acquisition
	Nor’Wood Shopping Center	Colorado Springs, CO	Albertson’s		1/8/15	$	12,975	75,923		86.7	%
	Sunburst Plaza Shopping Center	Glendale, AZ	Fry’s Food and Drug		2/11/15	9,300		102,087		88.3	%
	Rivermont Station	Alpharetta, GA	Kroger		2/27/15	10,900		90,267		91.1	%
	The supplemental purchase accounting disclosures required by GAAP relating to the recent acquisitions of the aforementioned properties have not been presented as the initial accounting for these acquisitions was incomplete at the time this Annual Report on Form 10-K was filed with the SEC. The initial accounting was incomplete due to the late closing dates of the acquisitions.
	Appointment of Chief Accounting Officer
	On March 4, 2015, our board of directors appointed Jennifer L. Robison to serve as our Chief Accounting Officer.

Schedule_III_Real_Estate_Asset

Schedule III - Real Estate Assets and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Real Estate and Accumulated Depreciation Disclosure [Text Block]
	SCHEDULE III—REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION
	As of December 31, 2014
	(in thousands)
						Initial Cost (1)				Cost Capitalized Subsequent to Acquisition		Gross Amount Carried at End of Period(2)
	Property Name	City, State	Encumbrances			Land and Improvements		Buildings and Improvements				Land and Improvements		Buildings and Improvements		Total(3)		Accumulated Depreciation(4)		Date Constructed/ Renovated	Date Acquired
	Lakeside Plaza	Salem, VA	$	—		$	3,344	$	5,247	$	135	$	3,397	$	5,329	$	8,726	$	1,432	1988	12/10/10
	Snow View Plaza	Parma, OH	—			4,104		6,432		358		4,219		6,675		10,894		1,946		1981/2008	12/15/10
	St. Charles Plaza	Haines City, FL	—			4,090		4,399		70		4,099		4,460		8,559		1,301		2007	6/10/11
	Centerpoint	Easley, SC	—			2,404		4,361		341		2,427		4,679		7,106		820		2002	10/14/11
	Southampton Village	Tyrone, GA	—			2,670		5,176		337		2,757		5,426		8,183		1,059		2003	10/14/11
	Burwood Village Center	Glen Burnie, MD	—			5,447		10,167		84		5,497		10,201		15,698		1,984		1971	11/9/11
	Cureton Town Center	Waxhaw, NC	—			6,569		6,197		270		6,585		6,451		13,036		1,429		2006	12/29/11
	Tramway Crossing	Sanford, NC	—			2,016		3,070		104		2,038		3,152		5,190		844		1996/2000	2/23/12
	Westin Centre	Fayetteville, NC	—			2,190		3,499		49		2,197		3,541		5,738		980		1996/1999	2/23/12
	The Village at Glynn Place	Brunswick, GA	—			5,202		6,095		187		5,232		6,252		11,484		1,482		1996	4/27/12
	Meadowthorpe Shopping Center	Lexington, KY	—			4,093		4,185		213		4,133		4,358		8,491		1,048		1989/2008	5/9/12
	New Windsor Marketplace	Windsor, CO	—			3,867		1,329		159		3,907		1,448		5,355		392		2003	5/9/12
	Vine Street Square	Kissimmee, FL	—			7,049		5,618		197		7,058		5,806		12,864		1,289		1996/2011	6/4/12
	Northtowne Square	Gibsonia, PA	6,339			2,844		7,210		266		2,926		7,394		10,320		1,530		1993	6/19/12
	Brentwood Commons	Bensenville, IL	—			6,106		8,025		162		6,123		8,170		14,293		1,529		1981/2001	7/5/12
	Sidney Towne Center	Sidney, OH	—			1,430		3,802		399		1,556		4,075		5,631		737		1981/2007	8/2/12
	Broadway Plaza	Tucson, AZ	6,689			4,979		7,169		358		5,214		7,292		12,506		1,138		1982-1995	8/13/12
	Richmond Plaza	Augusta, GA	—			7,157		11,244		415		7,262		11,554		18,816		1,716		1980/2009	8/30/12
	Publix at Northridge	Sarasota, FL	9,606			5,671		5,632		109		5,695		5,717		11,412		776		2003	8/30/12
	Baker Hill Center	Glen Ellyn, IL	—			7,068		13,737		150		7,118		13,837		20,955		1,664		1998	9/6/12
	New Prague Commons	New Prague, MN	—			3,248		6,605		46		3,260		6,639		9,899		791		2008	10/12/12
	Brook Park Plaza	Brook Park, OH	2,754			2,545		7,594		344		2,599		7,884		10,483		936		2001	10/23/12
	Heron Creek Towne Center	North Port, FL	—			4,062		4,082		254		4,070		4,328		8,398		549		2001	12/17/12
	Quartz Hill Towne Centre	Lancaster, CA	—			6,352		13,529		33		6,372		13,542		19,914		1,436		1991/2012	12/26/12
	Hilfiker Square	Salem, OR	—			2,455		4,750		17		2,466		4,756		7,222		434		1984/2011	12/28/12
	Village One Plaza	Modesto, CA	—			5,166		18,752		85		5,208		18,795		24,003		1,532		2007	12/28/12
	Butler Creek	Acworth, GA	—			3,925		6,129		304		4,170		6,188		10,358		728		1989	1/15/13
	Fairview Oaks	Ellenwood, GA	—			3,563		5,266		96		3,594		5,331		8,925		613		1996	1/15/13
	Grassland Crossing	Alpharetta, GA	—			3,680		5,791		524		3,702		6,293		9,995		655		1996	1/15/13
	Hamilton Ridge	Buford, GA	—			4,054		7,168		252		4,076		7,398		11,474		781		2002	1/15/13
	Mableton Crossing	Mableton, GA	—			4,426		6,413		153		4,503		6,489		10,992		768		1997	1/15/13
	The Shops at Westridge	McDonough, GA	—			2,788		3,901		209		2,788		4,110		6,898		449		2006	1/15/13
	Fairlawn Town Centre	Fairlawn, OH	—			10,397		29,005		1,233		10,578		30,057		40,635		3,135		1962/1996	1/30/13
	Macland Pointe	Marietta, GA	—			3,450		5,364		465		3,615		5,664		9,279		655		1992	2/13/13
	SCHEDULE III—REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION
	As of December 31, 2014
	(in thousands)
						Initial Cost (1)				Cost Capitalized Subsequent to Acquisition		Gross Amount Carried at End of Period(2)
	Property Name	City, State	Encumbrances			Land and Improvements		Buildings and Improvements				Land and Improvements		Buildings and Improvements		Total(3)		Accumulated Depreciation(4)		Date Constructed/ Renovated	Date Acquired
	Murray Landing	Irmo, SC	$	6,330		2,927		6,856		41		2,960		6,864		9,824		617		2003	3/21/13
	Vineyard Center	Tallahassee, FL	6,600			2,761		4,221		75		2,801		4,256		7,057		405		2002	3/21/13
	Kleinwood Center	Spring, TX	23,640			11,477		18,954		459		11,540		19,350		30,890		1,721		2003	3/21/13
	Lutz Lake Crossing	Lutz, FL	—			2,636		6,601		162		2,636		6,763		9,399		535		2002	4/4/13
	Publix at Seven Hills	Spring Hill, FL	—			2,171		5,642		177		2,306		5,684		7,990		492		1991/2006	4/4/13
	Hartville Centre	Hartville, OH	—			2,069		3,692		792		2,153		4,400		6,553		387		1988/2008	4/23/13
	Sunset Center	Corvallis, OR	17,396			7,933		14,939		87		7,940		15,019		22,959		1,137		1998/2000	5/31/13
	Savage Town Square	Savage, MN	—			4,106		9,409		48		4,146		9,417		13,563		700		2003	6/19/13
	Northcross	Austin, TX	—			30,725		25,627		263		30,790		25,825		56,615		1,831		1975/2006/2010	6/24/13
	Glenwood Crossing	Kenosha, WI	—			1,872		9,914		130		1,905		10,011		11,916		623		1992	6/27/13
	Pavilions at San Mateo	Albuquerque, NM	—			6,471		18,725		190		6,534		18,852		25,386		1,275		1997	6/27/13
	Shiloh Square	Kennesaw, GA	—			4,685		8,728		452		4,708		9,157		13,865		634		1996/2003	6/27/13
	Boronda Plaza	Salinas, CA	—			9,027		11,870		73		9,059		11,911		20,970		801		2003/2006	7/3/13
	Rivergate	Macon, GA	—			6,773		22,841		639		6,859		23,394		30,253		1,354		1990/2005	7/18/13
	Westwoods Shopping Center	Arvada, CO	8,800			3,706		11,115		116		3,755		11,182		14,937		717		2003	8/8/13
	Paradise Crossing	Lithia Springs, GA	—			2,204		6,064		109		2,270		6,107		8,377		418		2000	8/13/13
	Contra Loma Plaza	Antioch, CA	—			2,846		3,926		723		2,968		4,527		7,495		229		1989	8/19/13
	South Oaks Plaza	St. Louis, MO	—			1,938		6,634		111		2,009		6,674		8,683		407		1969/1987	8/21/13
	Yorktown Centre	Erie, PA	—			3,736		15,395		221		3,860		15,492		19,352		1,116		1989/2013	8/30/13
Stockbridge Commons	Fort Mill, SC	9,792			4,818		9,281		176		4,916		9,359		14,275		598		2003/2012	9/3/13
Dyer Crossing	Dyer, IN	10,461			6,017		10,214		55		6,049		10,237		16,286		655		2004/2005	9/4/13
East Burnside Plaza	Portland, OR	6,295			2,484		5,422		17		2,494		5,429		7,923		270		1955/1999	9/12/13
Red Maple Village	Tracy, CA	—			9,250		19,466		288		9,306		19,698		29,004		956		2009	9/18/13
Crystal Beach Plaza	Palm Harbor, FL	—			2,335		7,918		88		2,335		8,006		10,341		432		2010	9/25/13
CitiCentre Plaza	Carroll, IA	—			770		2,530		69		837		2,532		3,369		170		1991/1995	10/2/13
Duck Creek Plaza	Bettendorf, IA	—			4,611		13,007		464		4,719		13,363		18,082		718		2005/2006	10/8/13
Cahill Plaza	Inver Grove Heights, MN	—			2,587		5,113		184		2,663		5,221		7,884		313		1995	10/9/13
Pioneer Plaza	Springfield, OR	—			4,948		5,680		250		5,016		5,862		10,878		322		1989/2008	10/18/13
Fresh Market	Normal, IL	5,579			2,343		8,790		32		2,376		8,789		11,165		435		2002	10/22/13
Courthouse Marketplace	Virginia Beach, VA	—			6,131		8,061		393		6,266		8,319		14,585		438		2005	10/25/13
Hastings Marketplace	Hastings, MN	—			3,980		10,044		194		4,043		10,175		14,218		556		2002	11/6/13
Shoppes of Paradise Lakes	Miami, FL	5,866			5,811		6,019		113		5,831		6,112		11,943		368		1999	11/7/13
Coquina Plaza	Davie, FL	7,182			9,458		11,770		30		9,476		11,782		21,258		624		1998	11/7/13
Butler’s Crossing	Watkinsville, GA	—			1,338		6,682		236		1,368		6,888		8,256		380		1997	11/7/13
Lakewood Plaza	Spring Hill, FL	—			4,495		10,028		196		4,495		10,224		14,719		623		1993/1997	11/7/13
Collington Plaza	Bowie, MD	23,888			12,207		15,142		127		12,246		15,230		27,476		717		1996	11/21/13
SCHEDULE III—REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION
As of December 31, 2014
(in thousands)
					Initial Cost (1)				Cost Capitalized Subsequent to Acquisition		Gross Amount Carried at End of Period(2)
Property Name	City, State	Encumbrances			Land and Improvements		Buildings and Improvements				Land and Improvements		Buildings and Improvements		Total(3)		Accumulated Depreciation(4)		Date Constructed/ Renovated	Date Acquired
Golden Town Center	Golden, CO	—			7,066		10,166		211		7,198		10,245		17,443		566		1993/2003	11/22/13
Northstar Marketplace	Ramsey, MN	—			2,810		9,204		169		2,843		9,340		12,183		475		2004	11/27/13
Bear Creek Plaza	Petoskey, MI	—			5,677		17,611		9		5,683		17,614		23,297		847		1998/2009	12/19/13
Flag City Station	Findlay, OH	—			4,685		9,630		97		4,695		9,717		14,412		521		1992	12/19/13
Southern Hills Crossing	Moraine, OH	—			778		1,481		16		778		1,497		2,275		91		2002	12/19/13
Sulphur Grove	Huber Heights, OH	—			553		2,142		16		558		2,153		2,711		93		2004	12/19/13
East Side Square	Springfield, OH	—			394		963		6		394		969		1,363		55		2007	12/19/13
Hoke Crossing	Clayton, OH	—			481		1,059		6		481		1,065		1,546		58		2006	12/19/13
Town & Country Shopping Center	Noblesville, IN	—			7,360		16,269		1		7,361		16,269		23,630		850		1998	12/19/13
Sterling Pointe Center	Lincoln, CA	—			7,038		20,822		309		7,169		21,000		28,169		787		2004	12/20/13
Southgate Shopping Center	Des Moines, IA	—			2,434		8,357		144		2,519		8,416		10,935		416		1972/2013	12/20/13
Arcadia Plaza	Phoenix, AZ	—			5,774		6,904		140		5,793		7,025		12,818		331		1980	12/30/13
Stop & Shop Plaza	Enfield, CT	13,157			8,892		15,028		116		8,993		15,043		24,036		718		1988	12/30/13
Fairacres Shopping Center	Oshkosh, WI	—			3,542		5,190		126		3,593		5,265		8,858		296		1992/2013	1/21/14
Savoy Plaza	Savoy, IL	14,144			4,304		10,895		79		4,346		10,932		15,278		512		1999/2007	1/31/14
The Shops of Uptown	Park Ridge, IL	—			7,744		16,884		29		7,763		16,894		24,657		574		2006	2/25/14
Chapel Hill North	Chapel Hill, NC	7,744			4,776		10,190		146		4,837		10,275		15,112		428		1998	2/28/14
Winchester Gateway	Winchester, VA	22,711			9,342		23,468		45		9,350		23,505		32,855		850		2006	3/5/14
Stonewall Plaza	Winchester, VA	14,029			7,929		16,642		122		7,929		16,764		24,693		602		2007	3/5/14
Coppell Market Center	Coppell, TX	13,003			4,869		12,237		12		4,877		12,241		17,118		440		2008	3/5/14
Harrison Pointe	Cary, NC	—			10,006		11,208		55		10,055		11,214		21,269		577		2002	3/11/14
Town Fair Center	Louisville, KY	—			8,108		14,411		135		8,163		14,491		22,654		618		1988/1994	3/12/14
Villages at Eagles Landing	Stockbridge, GA	2,844			2,824		5,515		121		2,865		5,595		8,460		290		1995	3/13/14
Towne Centre at Wesley Chapel	Wesley Chapel, FL	—			2,465		5,554		50		2,465		5,604		8,069		226		2000	3/14/14
Dean Taylor Crossing	Suwanee, GA	—			3,903		8,192		106		3,944		8,257		12,201		367		2000	3/14/14
Champions Gate Village	Davenport, FL	—			1,813		6,060		62		1,826		6,109		7,935		259		2001	3/14/14
Goolsby Pointe	Riverview, FL	—			4,131		5,341		91		4,145		5,418		9,563		244		2000	3/14/14
Statler Square	Staunton, VA	8,113			4,108		9,072		410		4,373		9,217		13,590		352		1989	3/21/14
Burbank Plaza	Burbank, IL	—			2,971		4,546		—		2,971		4,546		7,517		297		1972/1995	3/25/14
Hamilton Village	Chattanooga, TN	26,851			12,682		19,102		643		12,750		19,677		32,427		787		1989	4/3/14
Waynesboro Plaza	Waynesboro, VA	11,619			5,597		8,334		73		5,632		8,372		14,004		288		2005	4/30/14
Southwest Marketplace	Las Vegas, NV	—			16,019		11,270		59		16,019		11,329		27,348		407		2007/2009	5/5/14
Hampton Village	Taylors, SC	—			5,456		7,254		433		5,624		7,519		13,143		251		1998	5/21/14
Central Station	Louisville , KY	—			6,144		6,931		885		6,215		7,745		13,960		220		2005/2007	5/23/14
Kirkwood Market Place	Houston, TX	—			5,786		9,697		87		5,833		9,737		15,570		250		1979/2008	5/23/14
Fairview Plaza	New Cumberland, PA	—			2,787		8,500		138		2,850		8,575		11,425		219		1992/1999	5/27/14
SCHEDULE III—REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION
As of December 31, 2014
(in thousands)
					Initial Cost (1)				Cost Capitalized Subsequent to Acquisition		Gross Amount Carried at End of Period(2)
Property Name	City, State	Encumbrances			Land and Improvements		Buildings and Improvements				Land and Improvements		Buildings and Improvements		Total(3)		Accumulated Depreciation(4)		Date Constructed/ Renovated	Date Acquired
Broadway Promenade	Sarasota, FL	—			3,832		6,795		15		3,832		6,810		10,642		172		2007	5/28/14
Townfair Shopping Center	Indiana, PA	15,344			7,007		13,233		101		7,063		13,278		20,341		370		1995/2002/2010	5/29/14
Deerwood Lake Commons	Jacksonville, FL	—			2,198		8,878		76		2,198		8,954		11,152		222		2003	5/29/14
Heath Brook Commons	Ocala, FL	—			3,470		8,353		68		3,470		8,421		11,891		220		2002	5/29/14
Park View Square	Miramar, FL	—			5,701		9,303		28		5,701		9,331		15,032		244		2003	5/29/14
St. Johns Commons	Jacksonville, FL	—			1,599		10,387		58		1,615		10,429		12,044		259		2003	5/29/14
West Creek Commons	Coconut Creek, FL	—			3,946		6,579		20		3,946		6,599		10,545		167		2003	5/29/14
Lovejoy Village	Jonesboro, GA	—			1,296		7,029		104		1,321		7,108		8,429		175		2001	6/3/14
The Orchards	Yakima, WA	—			5,425		8,743		51		5,444		8,775		14,219		238		2002	6/3/14
Hannaford	Waltham, MA	—			4,614		7,903		49		4,654		7,912		12,566		161		1950/1993	6/23/14
Shaw’s Plaza Easton	Easton, MA	—			5,520		7,173		78		5,560		7,211		12,771		182		1984/2004	6/23/14
Shaw’s Plaza Hanover	Hanover, MA	—			2,826		5,314		9		2,825		5,324		8,149		122		1994	6/23/14
Cushing Plaza	Cohasset, MA	—			5,752		14,796		64		5,793		14,819		20,612		293		1997	6/23/14
Lynnwood Place	Jackson, TN	—			3,341		4,826		781		3,391		5,557		8,948		122		1986/2013	7/28/14
Foothills Shopping Center	Lakewood, CO	—			1,479		2,611		200		1,641		2,649		4,290		61		1984	7/31/14
Battle Ridge Pavilion	Marietta, GA	—			3,124		9,866		79		3,177		9,892		13,069		188		1999	8/1/14
Thompson Valley Towne Center	Loveland, CO	7,271			4,415		15,947		337		4,440		16,259		20,699		299		1999	8/1/14
Lumina Commons	Wilmington, NC	9,241			2,006		11,250		69		2,038		11,287		13,325		183		1974/2007	8/4/14
Driftwood Village	Ontario, CA	17,000			6,811		12,993		134		6,835		13,103		19,938		253		1985	8/7/14
French Golden Gate	Bartow, FL	3,558			2,599		12,877		180		2,615		13,041		15,656		165		1960/2011	8/28/14
Orchard Square	Washington Township, MI	7,076			1,361		11,550		68		1,361		11,618		12,979		170		1999	9/8/14
Trader Joe’s Center	Dublin, OH	—			2,338		7,922		32		2,371		7,921		10,292		124		1986	9/11/14
Palmetto Pavilion	North Charleston, SC	—			2,509		8,526		234		2,724		8,545		11,269		121		2003	9/11/14
Five Town Plaza	Springfield, MA	—			8,912		19,635		68		8,919		19,696		28,615		265		1970/2013	9/24/14
Beavercreek Towne Center	Beavercreek, OH	—			14,055		30,799		926		14,055		31,725		45,780		267		1994	10/24/14
Fairfield Crossing	Beavercreek, OH	—			3,571		10,026		—		3,571		10,026		13,597		77		1994	10/24/14
Grayson Village	Loganville, GA	—			3,952		5,620		26		3,952		5,646		9,598		66		2002	10/24/14
The Fresh Market Commons	Pawleys Island, SC	—			2,442		4,941		—		2,442		4,941		7,383		40		2011	10/28/14
Claremont Village	Everett, WA	—			5,511		10,544		—		5,511		10,544		16,055		83		1994/2012	11/6/14
Juan Tabo Plaza	Albuquerque, NM	—			2,466		4,568		56		2,493		4,597		7,090		47		1989	11/12/14
Cherry Hill Marketplace	Westland, MI	—			4,641		10,139		—		4,641		10,139		14,780		—		1992/2000	12/17/14
The Shoppes at Ardrey Kell	Charlotte, NC	—			6,724		8,152		—		6,724		8,152		14,876		—		2008	12/17/14
Totals		$	350,922		$	668,748	$	1,286,670	$	25,216	$	675,289	$	1,305,345	$	1,980,634	$	83,050
(1) The initial cost to us represents the original purchase price of the property, including amounts incurred subsequent to acquisition which were contemplated at the time the property was acquired.
(2) The aggregate cost of real estate owned at December 31, 2014.
(3) Reconciliation of real estate owned:
	2014			2013
Balance at January 1	$	1,136,074		$	291,175
Additions during the year:
Real estate acquisitions	834,069			837,881
Net additions to/improvements of real estate	17,080			7,018
Deductions during the year:
Real estate dispositions	(6,589		)	—
Balance at December 31	$	1,980,634		$	1,136,074
(4) Reconciliation of accumulated depreciation:
	2014			2013
Balance at January 1	$	29,538		$	7,317
Additions during the year:
Depreciation expense	53,657			22,221
Deductions during the year:
Accumulated depreciation of real estate dispositions	(145		)	—
Balance at December 31	$	83,050		$	29,538
* * * * *

Summary_Of_Significant_Account1

Summary Of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation—The accompanying consolidated financial statements include our accounts and the accounts of the Operating Partnership and its wholly-owned subsidiaries (over which we exercise financial and operating control). The financial statements of the Operating Partnership are prepared using accounting policies consistent with our accounting policies. All intercompany balances and transactions are eliminated upon consolidation.
Partially Owned Entities	Partially-Owned Entities—If we determine that we are an owner in a variable-interest entity (“VIE”), and we hold a controlling financial interest, then we will consolidate the entity as the primary beneficiary. For a partially-owned entity determined not to be a VIE, we analyze rights held by each partner to determine which would be the consolidating party. We will generally consolidate entities (in the absence of other factors when determining control) when we have over a 50% ownership interest in the entity. We will assess our interests in VIEs on an ongoing basis to determine whether or not we are the primary beneficiary. However, we will also evaluate who controls the entity even in circumstances in which we have greater than a 50% ownership interest. If we do not control the entity due to the lack of decision-making abilities, we will not consolidate the entity.
Use of Estimates	Use of Estimates—The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. For example, significant estimates and assumptions have been made with respect to the useful lives of assets; recoverable amounts of receivables; initial valuations of tangible and intangible assets and liabilities and related amortization periods of deferred costs and intangibles, particularly with respect to property acquisitions, the valuation and nature of derivatives and their effectiveness as hedges; and other fair value measurement assessments required for the preparation of the consolidated financial statements. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents—We consider all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash equivalents may include cash and short-term investments. Short-term investments are stated at cost, which approximates fair value and may consist of investments in money market accounts.
Restricted Cash	Restricted Cash—Restricted cash primarily consists of escrowed tenant improvement funds, real estate taxes, capital improvement funds, insurance premiums, and other amounts required to be escrowed pursuant to loan agreements.
Organizational and Offering Costs	Organizational and Offering Costs—PE-NTR has paid offering expenses on our behalf. We reimbursed on a monthly basis PE-NTR for those costs it, ARC, or any of their respective affiliates incurred on our behalf but only to the extent that the reimbursement did not exceed 1.5% of gross offering proceeds over the life of the offering or cause the selling commissions, the dealer manager fee and the other organization and offering expenses borne by us to exceed 15.0% of gross offering proceeds as of the date of the reimbursement. These offering expenses included all expenses (other than selling commissions and the dealer manager fee) to be paid by us in connection with the offering, including legal, accounting, printing, mailing and filing fees, charges of the escrow holder and transfer agent, reimbursement to ARC and PE-NTR for our portion of the salaries and related employment costs of ARC and PE-NTR’s employees who provided services to us (excluding costs related to employees who provided services for which ARC or PE-NTR, as applicable, receive acquisition or disposition fees), reimbursement to Realty Capital Securities, LLC, the dealer manager (“the Dealer Manager”), for amounts it paid to reimburse the bona fide due diligence expenses of broker-dealers, costs in connection with preparing supplemental sales materials, our costs of conducting bona fide training and education meetings (primarily the travel, meal and lodging costs of our non-registered officers and the non-registered officers of ARC and PE-NTR to attend such meetings), and cost reimbursement for non-registered employees of our affiliates to attend retail seminars conducted by broker-dealers. These offering costs included travel services provided to ARC or PE-NTR by a related party of one or more of the sponsors. Costs associated with the offering were charged against the gross proceeds of the offering.  Organizational costs were expensed as incurred.
Investment in Property and Lease Intangibles	Investment in Property and Lease Intangibles—Real estate assets 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.
	Real estate assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the individual property may not be recoverable. In such an event, a comparison will be made of the projected operating cash flows of each property on an undiscounted basis to the carrying amount of such property. Such carrying amount would be adjusted, if necessary, to estimated fair values to reflect impairment in the value of the asset. We recorded no impairments for the years ended December 31, 2014, 2013, and 2012.
	The results of operations of acquired properties are included in our results of operations from their respective dates of acquisition. We assess the acquisition-date fair values of all tangible assets, identifiable intangibles and assumed liabilities using methods similar to those used by independent appraisers (e.g., discounted cash flow analysis and replacement cost) and that utilize appropriate discount and/or capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including historical operating results, known and anticipated trends, and market and economic conditions. The fair value of tangible assets of an acquired property considers the value of the property as if it was vacant. 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 weighted-average 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 consider 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 and we determine that the tenant has a financial incentive to exercise such option, we include such an option in the calculation of the fair value of such lease and the period over which the lease is amortized.
	We estimate the value of tenant origination and absorption costs by considering the estimated carrying costs during hypothetical expected lease-up periods, considering current market conditions. In estimating carrying costs, management includes real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease-up periods.
	We estimate 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.
Deferred Financing Expenses	Deferred Financing Expenses—Deferred financing expenses are capitalized and amortized on a straight-line basis over the term of the related financing arrangement, which approximates the effective interest method.
Fair Value Measurement	Fair Value Measurement—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.
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities—We use derivative instruments to manage exposure to variable interest rate risk. We generally enter into interest rate swaps to manage such risk. 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, the calculation period and the 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.
	Changes in fair value as well as net payments or receipts under interest rate swap agreements that do not qualify for hedge accounting treatment are recorded as other income or other expense in the consolidated statements of operations and comprehensive loss.
	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 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. Although management believes its judgments are reasonable, a change in a derivative’s effectiveness as a hedge could materially affect expenses, net income and equity.
Gain on Sale of Assets	Gain on Sale of Assets—We recognize sales of assets only upon the closing of the transaction with the purchaser. We recognize gains on assets sold upon closing if the collectibility of the sales price is reasonably assured, we are not obligated to perform any significant activities after the sale to earn the profit, we have received adequate initial investment from the purchaser, and other profit recognition criteria have been satisfied. We may defer recognition of gains in whole or in part until: (i) the profit is determinable, meaning that the collectibility of the sales price is reasonably assured or the amount that will not be collectible can be estimated; and (ii) the earnings process is virtually complete, meaning that we are not obliged to perform any significant activities after the sale to earn the profit.
Revenue Recognition	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 reduce 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 that includes periodic and determinable adjustments to rent. 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 other assets, net. Due to the impact of the straight-line adjustments, 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.
	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 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 and/or receivables for recoverable expenses. As of December 31, 2014 and 2013, the bad debt reserve for uncollectible amounts was $1.2 million and $0.2 million, respectively.
	We record lease termination income if there is a signed termination 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	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. Even if we qualify for taxation as a REIT, we may be subject to certain state and local taxes on our income, property or net worth, respectively, and to federal income and excise taxes on our undistributed income. Additionally, GAAP prescribes a recognition threshold and measurement attribute for the financial statement recognition of a tax position taken, or expected to be taken, in a tax return. A tax position may only be recognized in the consolidated financial statements if it is more likely than not that the tax position will be sustained upon examination. We believe it is more likely than not that our tax positions will be sustained in any tax examinations.
Repurchase of Common Stock	Repurchase of Common Stock—We offer a share repurchase program which may allow certain stockholders to have their shares repurchased subject to approval and certain limitations and restrictions (see Note 3). We account for those financial instruments that represent our mandatory obligation to repurchase shares as liabilities to be reported at settlement value. When shares are presented for repurchase, we will reclassify such obligations from redeemable common stock to a liability based upon their respective settlement values.
	Under our share repurchase program, the maximum amount of common stock that we may redeem, at the shareholder’s election, during any calendar year is limited, among other things, to 5% of the weighted-average number of shares outstanding during the prior calendar year. The maximum amount is reduced each reporting period by the current year share redemptions to date. We record amounts that are redeemable under the share repurchase program as redeemable common stock outside of permanent equity in our consolidated balance sheets because redemptions are at the option of the holders and are not solely within our control. At December 31, 2014, there were 3.0 million shares represented in this amount on the consolidated balance sheet. Changes in the amount of redeemable common stock from period to period are recorded as an adjustment to capital in excess of par value.
Class B Units	Class B Units—We issue to ARC and PE-NTR Class B units of the Operating Partnership as compensation for the asset management services provided by PE-NTR under our current advisory agreement. Previously, we also issued to ARC and PE-NTR Class B units in connection with the asset management services provided by ARC and PE-NTR under our prior advisory agreement. Our prior advisory agreement was terminated on December 3, 2014 and was replaced with our current advisory agreement.
	Under the limited partnership agreement of the Operating Partnership, the Class B units vest, and are no longer subject to forfeiture, at such time as 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” or the “market condition”); (y) any one of the following occurs: (1) the termination of our 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 under such advisory agreement is still providing advisory services to us (the “service condition”). Such Class B units are forfeited immediately if: (a) the advisory agreement is terminated for cause; or (b) the 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 have both a market condition and a service condition up to and through a Liquidity Event. A Liquidity Event (“Liquidity Event”) is defined as being the first to occur of the following: (i) a termination without cause (as discussed above), (ii) a listing, or (iii) another liquidity event. Therefore, the vesting of Class B units occurs only upon completion of both the market condition and service condition. Because PE-NTR can be terminated as the advisor without cause before a Liquidity Event occurs, and at such time the market condition and service condition may not be satisfied, the Class B units may be forfeited.  Additionally, if the market condition and service condition had been satisfied and a Liquidity Event had not occurred, ARC or PE-NTR could not control the Liquidity Event because each of the aforementioned events that represent a Liquidity Event must be approved by our independent directors. As a result, we have concluded that the service condition is not probable because of each party’s ability to terminate the current advisory agreement at any time without cause.
	Because the satisfaction of the market or service condition is not probable, no expense for services rendered will be recognized unless the market condition or service condition becomes probable. Based on our conclusion of the market condition and service condition not being probable, the Class B Units issued under our current advisory agreement will be treated as unissued for accounting purposes until the market condition and service condition have been achieved.  However, as the Class B unitholders are not required to return the distributions if the Class B units are forfeited before they vest, the distributions paid to ARC and PE-NTR will be treated as expense for services rendered. This expense will be 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.
	In connection with the termination of our prior advisory agreement with ARC on December 3, 2014, we evaluated whether the market condition and service condition had been met as of that date and therefore whether the Class B units issued to ARC and PE-NTR for asset management services provided from October 1, 2012 through December 3, 2014 had vested. As part of this evaluation, PE-NTR presented information to our independent directors that illustrated PE-NTR’s belief that the market condition had been met as of December 3, 2014. Our independent directors, along with an independent advisor engaged by the independent directors, reviewed these materials and confirmed PE-NTR’s belief that the market condition had been met as of December 3, 2014. As a result, all Class B units issued to ARC and PE-NTR for asset management services provided pursuant to our prior advisory agreement are deemed to have vested as of December 3, 2014. Despite the vesting of the Class B units, our current advisory agreement with PE-NTR prohibits PE-NTR from exercising any rights it may have to exchange any Class B units for cash or shares of our common stock until the occurrence of a liquidity event for stockholders. Any and all Class B units issued to ARC and PE-NTR for asset management services provided subsequent to December 3, 2014 will remain unvested and subject to forfeiture until the occurrence of the events described above.
Earnings Per Share	Earnings Per Share—We use the two-class method of computing earnings per share (“EPS”), which is an earnings allocation formula that determines EPS for common stock and any participating securities (in our case the vested Class B units) according to dividends declared (whether paid or unpaid). Under the two-class method, basic EPS is computed by dividing the sum of distributed earnings to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from share equivalent activity.
Segment Reporting	Segment Reporting—We assess and measure operating results of our properties based on net property operations. We internally evaluate the operating performance of our portfolio of properties and do not differentiate properties by geography, size or type. Each of our investment properties is considered a separate operating segment, and as each property earns revenue and incurs expenses, individual operating results are reviewed and discrete financial information is available. However, the properties are aggregated into one reportable segment as they have similar economic characteristics, we provide similar services to the tenants at each of our properties, and we evaluate the collective performance of our properties. Accordingly, we did not report any other segment disclosures in 2014.
Noncontrolling Interests	Noncontrolling Interests—The vested Class B units issued as of December 31, 2014 are classified as noncontrolling interests within permanent equity on our consolidated balance sheets. Please refer to Note 3 for additional information regarding these vested units issued under our prior advisory agreement.
Impact of Recently Issued Accounting Pronouncements	Impact of Recently Issued Accounting Pronouncements—The following table provides a brief description of recent accounting pronouncements that could have a material effect on our financial statements:
	Standard		Description	Date of Adoption	Effect on the Financial Statements or Other Significant Matters
	ASU 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.		The amendments in this update raise the threshold for a property disposal to qualify as a discontinued operation and require new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation.	January 1, 2014 (early adoption elected)	The adoption of this pronouncement may result in property disposals not qualifying for discontinued operations presentation, and thus the results of those disposals will remain in income from continuing operations.
Reclassification	Reclassifications—The following line items on our consolidated balance sheet as of December 31, 2013 were reclassified to conform to the current year presentation:
	•	Land improvements were reclassified from building and improvements to the same balance sheet caption as land, changing the current year presentation of this balance sheet caption to land and improvements;
	•	Acquired intangible lease assets and the related accumulated amortization were reclassified to be included in the subtotal for total investment in real estate assets, net;
	•	Accounts receivable, net of bad debt reserve, prepaid expenses and other, and the derivative asset were each reclassified from their own respective line items to other assets, net; and
	•	Accounts payable and accrued and other liabilities were each reclassified from their own respective line items to accounts payable and other liabilities.
	The following line items on our consolidated statements of cash flows for the years ended December 31, 2013 and 2012 were reclassified to conform to the current year presentation:
	•	The change in accounts receivable and the change in prepaid expenses and other were reclassified to the change in other assets;
	•	The change in accounts payable and the change in accrued and other liabilities were reclassified to the change in accounts payable and other liabilities; and
	•	Borrowings and repayments on our unsecured credit facility were reclassified from proceeds on mortgages and loans payable and payments on mortgages and loans payable, respectively, to the net change in credit facility borrowings.

Summary_Of_Significant_Account2

Summary Of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Schedule of Tax Treatment of Distributions	The tax composition of our distributions declared for the years ended December 31, 2014 and 2013 was as follows:
		2014		2013
	Ordinary Income	16.62	%	30.95	%
	Return of Capital	83.38	%	69.05	%
	Total	100	%	100	%
New Accounting Pronouncements and Changes in Accounting Principles	The following table provides a brief description of recent accounting pronouncements that could have a material effect on our financial statements:
	Standard		Description	Date of Adoption		Effect on the Financial Statements or Other Significant Matters
	ASU 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.		The amendments in this update raise the threshold for a property disposal to qualify as a discontinued operation and require new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation.	January 1, 2014 (early adoption elected)		The adoption of this pronouncement may result in property disposals not qualifying for discontinued operations presentation, and thus the results of those disposals will remain in income from continuing operations.

Equity_Tables

Equity (Tables)	12 Months Ended
	Dec. 31, 2014
Stockholders' Equity Note [Abstract]
Share repurchase program	The following table presents the activity of the share repurchase program for the years ended December 31, 2014, 2013, and 2012 (in thousands, except per share amounts):
		2014		2013		2012
	Shares repurchased	346		86		4
	Cost of repurchases	$	3,323	$	849	$	35
	Average repurchase price	$	9.6	$	9.87	$	9.36
Share repurchase program, repurchase obligations	We record a liability representing our obligation to repurchase shares of common stock submitted for repurchase as of year end but not yet repurchased. Below is a summary of our obligation to repurchase shares of common stock recorded as a component of accounts payable and other liabilities on our consolidated balance sheets as of December 31, 2014 and 2013 (in thousands):
		2014		2013
	Shares submitted for repurchase	177		8
	Liability recorded	$	1,669	$	76

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Fair Value Inputs, Liabilities, Quantitative Information	The following is a summary of discount rates and borrowings as of December 31, 2014 and 2013 (in thousands):
		2014			2013
	Discount rates:
	Fixed-rate debt	3.4		%	4.5		%
	Secured variable-rate debt	2.48		%	N/A
	Unsecured variable-rate debt	1.93		%	N/A
	Borrowings:
	Fair value	$	665,982		$	201,450
	Recorded value	650,462			200,872

Real_Estate_Acquisitions_Table

Real Estate Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2014
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	For the years ended December 31, 2014 and 2013, we allocated the purchase price of acquisitions to the fair value of the assets acquired and liabilities assumed as follows (in thousands):
		2014			2013
	Land and improvements	$	276,615		$	283,277
	Building and improvements	557,454			554,606
	Acquired in-place leases	81,299			84,229
	Acquired above-market leases	18,060			13,031
	Acquired below-market leases	(26,978		)	(17,393		)
	Total assets and lease liabilities acquired	906,450			917,750
	Debt assumed	189,006			157,866
	Assumed interest rate swap	714			—
	Net assets acquired	$	716,730		$	759,884
Weighted-average Amortization Periods of Acquired Lease Intangibles	The weighted-average amortization periods for acquired in-place lease, above-market lease, and below-market lease intangibles acquired during the years ended December 31, 2014 and 2013 are as follows (in years):
		2014		2013
	Acquired in-place leases	9		5
	Acquired above-market leases	10		7
	Acquired below-market leases	13		9
Real Estate Acquisitions	The amounts recognized for revenues, acquisition expenses and net loss, recorded during the year of acquisition, related to the operating activities of our material acquisitions are as follows (in thousands):
		For the Year Ended December 31,
		2014			2013
	Revenue	$	52,248		$	37,683
	Acquisition expenses	17,407			17,266
	Net loss	11,278			9,170
Business Acquisition, Pro Forma Information	The following unaudited information summarizes selected financial information from our combined results of operations, as if all of our acquisitions for 2013 and 2014 had been acquired on January 1, 2013 (in thousands, except per share amounts). 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.
		For the Year Ended December 31,
	(in thousands)	2014			2013
	Pro forma revenues	$	228,502		$	223,812
	Pro forma net income (loss) attributable to stockholders	2,547			(3,367		)

Acquired_Intangible_Lease_Asse1

Acquired Intangible Lease Assets (Tables)	12 Months Ended
	Dec. 31, 2014
Finite Lived Intangible Assets Disclosure [Abstract]
Acquired Intangible Assets	Acquired intangible lease assets consisted of the following as of December 31, 2014 and 2013 (in thousands):
		2014			2013
	Acquired in-place leases	$	182,690		$	102,192
	Acquired above-market leases	37,911			19,868
	Total acquired intangible lease assets	220,601			122,060
	Accumulated amortization	(43,915		)	(14,330		)
	Net acquired intangible lease assets	$	176,686		$	107,730
Finite-lived Intangible Assets Amortization Expense [Table Text Block]	Summarized below is the amortization recorded on the intangible assets for the years ended December 31, 2014, 2013, and 2012 (in thousands):
		2014			2013			2012
	Acquired in-place leases(1)	$	24,697		$	8,054		$	1,992
	Acquired above-market leases(2)	4,996			2,433			1,045
	Total	$	29,693		$	10,487		$	3,037
	(1) Amortization recorded on acquired in-place leases was included in depreciation and amortization in the consolidated statements of operations.
	(2) Amortization recorded on acquired above-market leases was an adjustment to rental revenue in the consolidated statements of operations.
Schedule of Acquired Intangible Assets, Future Amortization Expense	Estimated future amortization of the respective acquired intangible lease assets as of December 31, 2014 for each of the five succeeding calendar years and thereafter is as follows (in thousands):
	Year	In-Place Leases			Above-Market Leases
	2015	$	29,130		$	5,688
	2016	26,776			4,782
	2017	23,825			3,959
	2018	18,632			3,182
	2019	13,484			2,435
	2020 and thereafter	35,879			8,914
	Total	$	147,726		$	28,960

Mortgages_and_Loans_Payable_Ta

Mortgages and Loans Payable (Tables)	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Schedule of Assumed Debt	The table below summarizes our loan assumptions in conjunction with property acquisitions for the years ended December 31, 2014 and 2013 (dollars in thousands):
		2014			2013
	Number of properties acquired with loan assumptions	15			14
	Carrying value of assumed debt	$	183,506		$	153,784
	Fair value of assumed debt	189,006			157,866
Schedule of Debt Obligations	The following is a summary of the outstanding principal balances of our debt obligations as of December 31, 2014 and 2013 (in thousands):
		2014			2013
	Fixed rate mortgages payable(1)(2)	$	350,922		$	196,052
	Unsecured credit facility - variable rate(3)	291,700			—
	Assumed net below-market debt adjustment	7,840			4,820
	Total	$	650,462		$	200,872
	(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 Center, Broadway Plaza, Publix at Northridge, Kleinwood Center, Murray Landing, Vineyard Center, Sunset Center, Westwoods Shopping Center, Stockbridge Commons, East Burnside Plaza, Fresh Market, Collington Plaza, Stop & Shop Plaza, Arcadia Plaza, Savoy Plaza, Coppell Market Center, Statler Square, Hamilton Village, Waynesboro Plaza, Thompson Valley Towne Center, Lumina Commons, Driftwood Village, and Orchard Square. The outstanding principal balance of these non-recourse mortgages as of December 31, 2014 and 2013 was $252.1 million and $157.8 million, respectively.
	(2)	As of December 31, 2014, the interest rate on $11.6 million outstanding under one of our variable-rate mortgage notes payable was, in effect, fixed at 5.22% by an interest rate swap agreement (see Notes 4 and 10).
	(3)	As of December 31, 2014 and 2013, the maximum borrowing capacity of the unsecured credit facility was $700.0 million and $176.7 million, respectively. The gross borrowings under credit facilities were $306.7 million, $146.4 million, and $36.7 million during the years ended December 31, 2014, 2013, and 2012, respectively. The gross payments on credit facilities were $15.0 million, $183.1 million, and zero during the years ended December 31, 2014, 2013, and 2012, respectively.
Schedule of Maturities of Long-Term Debt	Below is a listing of our maturity schedule with the respective principal payment obligations (in thousands) and weighted-average interest rates:
		2015			2016			2017			2018			2019			Thereafter			Total
	Maturing debt:(1)
	Fixed rate mortgages payable(2)(3)	$	65,885		$	104,797		$	47,290		$	20,857		$	4,206		$	107,887		$	350,922
	Unsecured credit facility - variable rate	—			—			291,700			—			—			—			291,700
	Total maturing debt	$	65,885		$	104,797		$	338,990		$	20,857		$	4,206		$	107,887		$	642,622
	Weighted-average interest rate on debt:
	Fixed rate mortgages payable(2)(3)	5.2		%	5.7		%	5.3		%	6.3		%	5.8		%	5.2		%	5.5		%
	Unsecured credit facility - variable rate	—		%	—		%	1.5		%	—		%	—		%	—		%	1.5		%
	Total	5.2		%	5.7		%	2		%	6.3		%	5.8		%	5.2		%	3.7		%
	(1)	The debt maturity table does not include any net below-market debt adjustments, of which $7.8 million, net of accumulated amortization, was unamortized as of December 31, 2014.
	(2)	As of December 31, 2014, the interest rate on $11.6 million outstanding under one of our variable-rate mortgage notes payable was, in effect, fixed at 5.22% by an interest rate swap agreement (see Notes 4 and 10).
	(3)	All but $6.4 million of the fixed rate debt represents loans assumed as part of certain acquisitions.

Acquired_BelowMarket_Lease_Int1

Acquired Below-Market Lease Intangibles (Tables)	12 Months Ended
	Dec. 31, 2014
Below Market Lease [Abstract]
Below Market Lease, Amortization	Summarized below is the amortization recorded on the below-market lease intangible liabilities for the years ended December 31, 2014, 2013, and 2012 (in thousands):
			2014		2013		2012
	Acquired below-market leases(1)		$	4,911	$	1,897	$	650
	(1) Amortization recorded on acquired below-market leases was an adjustment to rental revenue in the consolidated statements of operations.
Below Market Lease, Future Amortization Income	Estimated future amortization income of the intangible lease liabilities as of December 31, 2014 for each of the five succeeding calendar years and thereafter is as follows (in thousands):
	Year	Below-Market Leases
	2015	$	6,423
	2016	5,925
	2017	4,993
	2018	3,950
	2019	3,216
	2020 and thereafter	17,947
	Total	$	42,454

Derivatives_and_Hedging_Activi1

Derivatives and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Effect of Derivative Instruments	The table below presents the effect of our derivative financial instruments on the consolidated statements of operations and comprehensive loss for the years ended December 31, 2014 and 2013, respectively (in thousands).
	Derivatives in Cash Flow Hedging Relationships (Interest Rate Swap)	2014		2013
	Amount of gain recognized in other comprehensive income on derivative	$	—	$	633
	Amount of loss reclassified from accumulated other comprehensive income into interest expense	—		(57		)
	Amount of gain (loss) recognized in income on derivative (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing)	690		(48		)

RelatedParty_Transactions_Tabl

Related-Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Summary of Organization and Offering Costs [Table Text Block]	Summarized below are the organization and offering costs charged by and the costs reimbursed to ARC, PE-NTR, and their affiliates for the years ended December 31, 2014 and 2013, and any related amounts unpaid as of December 31, 2014 and 2013 (in thousands):
		2014				2013
	Total Organization and Offering costs charged(1)	$	27,104			$	26,252
	Total Organization and Offering costs reimbursed	27,029				25,873
	Total unpaid Organization and Offering costs(1)	$	75			$	379
	(1)	Certain of these cumulative organization and offering costs were charged to us by our former advisor. The net payable of $75 is due to our former advisor as of December 31, 2014.
Advisor Transactions	Summarized below are the fees earned by and the expenses reimbursable to ARC and PE-NTR, except for organization and offering costs and general and administrative expenses, which we disclose above, for the years ended December 31, 2014, 2013, and 2012, and any related amounts unpaid as of December 31, 2014 and 2013 (in thousands):
				For the Year Ended												Unpaid Amount as of
				December 31,												December 31,
				2014				2013				2012				2014				2013
	Acquisition fees			$	9,011			$	10,095			$	1,705			$	—			$	—
	Acquisition expenses			1,074				—				—				—				—
	Asset management fees(1)			27,853				999				697				—				—
	Class B unit distribution(2)			965				154				—				135				30
	Financing fees			4,001				5,581				816				—				—
	Disposition fees			129				—				—				—				—
	(1)	For the year ended December 31, 2014, these fees were related to the vesting of 2.8 million Class B units issued by the Operating Partnership in connection with asset management services provided by PE-NTR and ARC. For the years ended December 31, 2013 and 2012, these fees were paid by a group of institutional investors advised by CBRE Global Multi-Manager (the “CBRE Investors”) pursuant to the advisory agreement between our joint venture with the CBRE Investors and ARC.
	(2)	Represents the distributions paid to ARC and PE-NTR as holders of Class B units of the Operating Partnership.
Property Manager Transactions	Summarized below are the fees earned by and the expenses reimbursable to the Property Manager for the years ended December 31, 2014, 2013 and 2012, and any related amounts unpaid as of December 31, 2014 and 2013 (in thousands):
														Unpaid Amount as of
		For the Year Ended December 31,												December 31,				December 31,
		2014				2013				2012				2014				2013
	Property management fees	$	7,245			$	3,011			$	756			$	474			$	418
	Leasing commissions	3,561				1,239				302				191				80
	Construction management fees	692				293				41				73				50
	Other fees and reimbursements	2,328				684				191				—				89
	Total	$	13,826			$	5,227			$	1,290			$	738			$	637
Dealer Manager Transactions	Summarized below are the fees earned by the Dealer Manager for the years ended December 31, 2014, 2013 and 2012 (in thousands):
		2014				2013				2012
	Selling commissions	$	157			$	100,148			$	7,880
	Selling commissions reallowed	157				100,148				7,880
	Dealer manager fees	72				46,981				2,552
	Dealer manager fees reallowed	29				17,116				767

Operating_Leases_Tables

Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2014
Leases, Operating [Abstract]
Future Minimum Rents	Approximate future rentals to be received under non-cancelable operating leases in effect at December 31, 2014, assuming no new or renegotiated leases or option extensions on lease agreements, are as follows (in thousands):
	Year	Amount
	2015	$	163,969
	2016	150,654
	2017	134,588
	2018	116,821
	2019	94,625
	2020 and thereafter	419,014
	Total	$	1,079,671

Quarterly_Financial_Data_Table

Quarterly Financial Data (Tables)	12 Months Ended
	Dec. 31, 2014
Quarterly Financial Data [Abstract]
Schedule of Quarterly Financial Information	The following is a summary of the unaudited quarterly financial information for the years ended December 31, 2014 and 2013. We believe that all necessary adjustments, consisting only of normal recurring adjustments, have been included in the amounts stated below to present fairly, and in accordance with GAAP, the selected quarterly information.
		2014
		First			Second			Third			Fourth
	(in thousands, except per share amounts)	Quarter			Quarter			Quarter			Quarter
	Total revenue	$	35,677		$	43,914		$	50,031		$	58,593
	Net (loss) income attributable to stockholders	(423		)	(1,879		)	2,143			(22,476		)
	Net (loss) income per share - basic and diluted	(0.00		)	(0.01		)	0.01			(0.13		)
		2013
		First			Second			Third			Fourth
	(in thousands, except per share amounts)	Quarter			Quarter			Quarter			Quarter
	Total revenue	$	11,237		$	15,164		$	20,144		$	26,620
	Net loss attributable to stockholders	(2,848		)	(1,993		)	(1,408		)	(6,155		)
	Net loss per share - basic and diluted	(0.16		)	(0.05		)	(0.02		)	(0.05		)

Subsequent_Events_Tables

Subsequent Events (Tables)	12 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
Dividends Declared	Distributions equal to a daily amount of $0.00183562 per share of common stock outstanding were paid subsequent to December 31, 2014 to the stockholders of record from December 1, 2014 through February 28, 2015 as follows (in thousands):
	Distribution Period	Date Distribution Paid	Gross Amount of Distribution Paid			Distribution Reinvested through the DRIP		Net Cash Distribution
	December 1, 2014 through December 31, 2014	1/2/15	$	10,364		$	5,444	$	4,921
	January 1, 2015 through January 31, 2015	2/2/15	10,395			5,448		4,948
	February 1, 2015 through February 28, 2015	3/2/15	9,405			4,912		4,493
Schedule of Business Acquisitions, by Acquisition	Subsequent to December 31, 2014, we acquired a 100% ownership interest in the following properties (dollars in thousands):
	Property Name	Location	Anchor		Acquisition Date	Purchase Price		Square Footage		Leased % Rentable Square Feet at Acquisition
	Nor’Wood Shopping Center	Colorado Springs, CO	Albertson’s		1/8/15	$	12,975	75,923		86.7	%
	Sunburst Plaza Shopping Center	Glendale, AZ	Fry’s Food and Drug		2/11/15	9,300		102,087		88.3	%
	Rivermont Station	Alpharetta, GA	Kroger		2/27/15	10,900		90,267		91.1	%

Organization_Details

Organization (Details)	Dec. 31, 2014
	Properties
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of real estate properties owned	138

Summary_Of_Significant_Account3

Summary Of Significant Accounting Policies (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Sep. 20, 2011
		Properties
Accounting Policies [Abstract]
Partially owned entity general ownership interest for consolidation	50.00%
Cash and cash equivalents maximum original maturity	3 months
Offering costs maximum reimbursement percentage	1.50%
Organization and offering costs maximum percentage of gross proceeds	15.00%
Impairment of real estate	$0	$0	$0
Gain on disposition of assets	12,000
Bad debt reserve	1,200,000	200,000
Ordinary Income Percentage of Distributions	16.62%	30.95%
Return of Capital Percentage of Distributions	83.38%	69.05%
Stock repurchase program, number of shares authorized to be repurchased, percentage of weighted-average shares	5.00%
Redeemable common stock, shares issued	3,000,000
Operating partnership return for class B to vest	6.00%
Class B units of the Operating Partnership, vested	2,800,000
Class B units of Operating Partnership, outstanding		500,000	0
CBRE Investors' ownership percentage in Joint Venture				54.00%
Number of real estate properties owned through the Joint Venture		20
CBRE Investors ownership percentage in Joint Venture, acquired		46.00%
Payments to acquire noncontrolling interest in Joint Venture	$0	$57,000,000	$0
Joint venture investment, ownership percentage		100.00%
Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life, minimum	15 years
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life, minimum	30 years
Minimum [Member] | Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life, minimum	5 years
Maximum [Member] | Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life, minimum	7 years

Equity_Details

Equity (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Class of Stock [Line Items]
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, par value (in usd per share)	$0.01	$0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, par value (in usd per share)	$0.01	$0.01
Common stock, shares issued	182,600,000
Common stock, including additional paid in capital	$1,800,000,000
Common stock, shares outstanding	182,131,000	175,595,000
Common stock repurchased since inception	500,000
Preferred stock, shares issued	0	0
Common stock, voting rights	The holders of 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.
Distributions reinvested	62,950,000	18,706,000	1,324,000
Class B units vested	2,800,000
Vesting of Class B units for asset management services	27,853,000	0	0
Issuance of Class B units, value	23,806,000
Dividend Reinvestment Plan [Member]
Class of Stock [Line Items]
Remaining shares under dividend reinvestment plan	18,200,000
Common stock, price per share for DRIP	$9.50
Distributions reinvested	63,000,000	18,700,000	1,300,000
Share Repurchase Program [Member]
Class of Stock [Line Items]
Common stock, share repurchase notice days	5 days
Common stock, share repurchase withdrawal notice days	5 days
Common stock, share repurchase plan termination notice days	30 days
Common stock, shares repurchased	346,000	86,000	4,000
Common stock, cost of repurchases	3,323,000	849,000	35,000
Common stock, average repurchase price	$9.60	$9.87	$9.36
Share repurchase program, shares submitted for repurchase	177,000	8,000
Share repurchase program, liability recorded	1,669,000	76,000
Clas B Units [Member]
Class of Stock [Line Items]
Class B units of operating partnership, issued in connection with asset management services	2,400,000
Class B units, unissued and accrued	400,000
Class B units vested	2,800,000
Vesting of Class B units for asset management services	27,900,000
Issuance of Class B units, value	$23,800,000
Class B units, unissued and accrued, value	4,100,000

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Fair Value Disclosures [Abstract]
Fair value discount rate, fixed-rate debt	3.40%	4.50%
Fair value discount rate, secured, variable-rate debt	2.48%
Fair value discount rate, unsecured, variable-rate debt	1.93%
Mortgage loans payable, fair value disclosure	$665,982,000	$201,450,000
Mortgages and loans payable	650,462,000	200,872,000
Number of interest rate swap agreements	1	1
Notional amount of interest rate cash flow hedge derivatives	11,600,000	50,000,000
Secured mortgage note swap agreement interest rate	5.22%
Portion of hedged debt		50,000,000
Unsecured credit facility interest rate		2.10%
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	600,000
Derivative asset		$800,000

Real_Estate_Acquisitions_Detai

Real Estate Acquisitions (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Business acquisition, cost of acquired entities, debt assumed	$183,506,000	$153,784,000
Fair value of assumed debt	189,006,000	157,866,000
Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]
Number of properties acquired during period	56
Number of non-grocery anchored properties acquired during period	1
Business acquisition, cost of acquired entities, purchase price	906,500,000
Business acquisition, cost of acquired entities, value of interest rate swap assumed	$700,000

Real_Estate_Acquisitions_Detai1

Real Estate Acquisitions (Details) - Allocation (Series of Individually Immaterial Business Acquisitions [Member], USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]
Purchase price allocation, land and improvements	$276,615	$283,277
Purchase price allocation, building and improvements	557,454	554,606
Purchase price allocation, in-place leases	81,299	84,229
Purchase price allocation, above-market leases	18,060	13,031
Purchase price allocation, below-market leases	-26,978	-17,393
Purchase price allocation, assets and lease liabilities acquired	906,450	917,750
Purchase price allocation, debt assumed	189,006	157,866
Purchase price allocation, assumed interest rate swap	714	0
Purchase price allocation, net assets acquired	$716,730	$759,884

Real_Estate_Acquisitions_Detai2

Real Estate Acquisitions (Details) - Weighted-average amortization	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Acquired in-place leases [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	9 years	5 years
Above Market Leases [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	10 years	7 years
Acquired Below-Market Leases [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	13 years	9 years

Real_Estate_Acquisitions_Detai3

Real Estate Acquisitions (Details) - Operations (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Business Acquisition [Line Items]
Acquisition expenses	$17,430	$18,772	$3,981
Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]
Revenue	52,248	37,683
Acquisition expenses	17,407	17,266
Net loss	$11,278	$9,170

Real_Estate_Acquisitions_Detai4

Real Estate Acquisitions (Details) - Pro Forma (Acquisitions in 2014 and 2013 [Member], USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Acquisitions in 2014 and 2013 [Member]
Business Acquisition [Line Items]
Pro forma revenues	$228,502	$223,812
Pro forma net income (loss) attributable to stockholders	$2,547	($3,367)

Acquired_Intangible_Lease_Asse2

Acquired Intangible Lease Assets (Details) - Period Ending (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangible lease assets	$220,601	$122,060
Acquired intangible assets, accumulated amortization	-43,915	-14,330
Acquired intangible assets, net of accumulated amortization	176,686	107,730
Acquired in-place leases [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangible lease assets	182,690	102,192
Acquired intangible assets, net of accumulated amortization	147,726
Acquired above-market leases [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangible lease assets	37,911	19,868
Acquired intangible assets, net of accumulated amortization	$28,960

Acquired_Intangible_Lease_Asse3

Acquired Intangible Lease Assets (Details) - Amortization Expense (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, amortization expense	$29,693		$10,487		$3,037
Acquired in-place leases [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, amortization expense	24,697	[1]	8,054	[1]	1,992	[1]
Acquired above-market leases [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, amortization expense	$4,996	[2]	$2,433	[2]	$1,045	[2]
[1]	Amortization recorded on acquired in-place leases was included in depreciation and amortization in the consolidated statements of operations.
[2]	Amortization recorded on acquired above-market leases was an adjustment to rental revenue in the consolidated statements of operations.

Acquired_Intangible_Lease_Asse4

Acquired Intangible Lease Assets (Details) - Five Succeeding Calendar Years (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, net of accumulated amortization	$176,686	$107,730
Acquired in-place leases [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
2015	29,130
2016	26,776
2017	23,825
2018	18,632
2019	13,484
2020 and thereafter	35,879
Acquired intangible assets, net of accumulated amortization	147,726
Acquired above-market leases [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
2015	5,688
2016	4,782
2017	3,959
2018	3,182
2019	2,435
2020 and thereafter	8,914
Acquired intangible assets, net of accumulated amortization	$28,960

Mortgages_and_Loans_Payable_De

Mortgages and Loans Payable (Details) (USD $)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013
	Properties		Properties
Debt Instrument [Line Items]
Outstanding principal balance	$642,622,000	[1]
Outstanding mortgage notes payable maturing in 2015	59,600,000
Weighted-average interest rate on debt	3.70%		5.60%
Number of properties acquired with loan assumptions	15		14
Carrying value of assumed debt	183,506,000		153,784,000
Fair value of assumed debt	189,006,000		157,866,000
Amortization on assumed below-market debt adjustment	2,500,000		1,200,000
Fixed Rate Mortgages Payable [Member]
Debt Instrument [Line Items]
Outstanding principal balance	350,922,000	[1],[2],[3],[4]	196,052,000	[2],[3]
Weighted-average interest rate on debt	5.50%	[2],[4]
Revolving Credit Facility [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Credit facility, borrowing capacity	700,000,000
Credit facility, maximum potential borrowing capacity	1,000,000,000
Credit facility, outstanding principal balance	$291,700,000
Debt instrument, number of extension options	2
Revolving Credit Facility [Member] | Unsecured Debt [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	1.30%
[1]	The debt maturity table does not include any net below-market debt adjustments, of which $7.8 million, net of accumulated amortization, was unamortized as of December 31, 2014.
[2]	As of December 31, 2014, the interest rate on $11.6 million outstanding under one of our variable-rate mortgage notes payable was, in effect, fixed at 5.22% by an interest rate swap agreement (see Notes 4 and 10).
[3]	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 Center, Broadway Plaza, Publix at Northridge, Kleinwood Center, Murray Landing, Vineyard Center, Sunset Center, Westwoods Shopping Center, Stockbridge Commons, East Burnside Plaza, Fresh Market, Collington Plaza, Stop & Shop Plaza, Arcadia Plaza, Savoy Plaza, Coppell Market Center, Statler Square, Hamilton Village, Waynesboro Plaza, Thompson Valley Towne Center, Lumina Commons, Driftwood Village, and Orchard Square. The outstanding principal balance of these non-recourse mortgages as of December 31, 2014 and 2013 was $252.1 million and $157.8 million, respectively.
[4]	All but $6.4 million of the fixed rate debt represents loans assumed as part of certain acquisitions.

Mortgages_and_Loans_Payable_De1

Mortgages and Loans Payable (Details) - Debt Obligations (USD $)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Debt Instrument [Line Items]
Outstanding principal balance	$642,622,000	[1]
Outstanding principal balance, total long-term debt	650,462,000		200,872,000
Portion of hedged debt			50,000,000
Variable-rate mortgage note payable swap agreement interest rate	5.22%
Line of credit facility, gross borrowings	306,700,000		146,400,000		36,700,000
Line of credit facility, gross paydowns	15,000,000		183,100,000		0
Fixed Rate Mortgages Payable [Member]
Debt Instrument [Line Items]
Outstanding principal balance	350,922,000	[1],[2],[3],[4]	196,052,000	[2],[3]
Non-recourse debt	252,100,000		157,800,000
Unsecured Credit Facility - Variable rate [Member]
Debt Instrument [Line Items]
Outstanding principal balance	291,700,000	[1],[5]	0	[5]
Maximum Borrowing Capacity	700,000,000		176,700,000
Assumed Below-Market Debt Adjustment [Member]
Debt Instrument [Line Items]
Outstanding principal balance, assumed below-market debt adjustment	7,840,000		4,820,000
Long-term Debt, Total [Member]
Debt Instrument [Line Items]
Outstanding principal balance, total long-term debt	650,462,000		200,872,000
Interest Rate Swap [Member]
Debt Instrument [Line Items]
Portion of hedged debt	$11,600,000
Variable-rate mortgage note payable swap agreement interest rate	5.22%
[1]	The debt maturity table does not include any net below-market debt adjustments, of which $7.8 million, net of accumulated amortization, was unamortized as of December 31, 2014.
[2]	As of December 31, 2014, the interest rate on $11.6 million outstanding under one of our variable-rate mortgage notes payable was, in effect, fixed at 5.22% by an interest rate swap agreement (see Notes 4 and 10).
[3]	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 Center, Broadway Plaza, Publix at Northridge, Kleinwood Center, Murray Landing, Vineyard Center, Sunset Center, Westwoods Shopping Center, Stockbridge Commons, East Burnside Plaza, Fresh Market, Collington Plaza, Stop & Shop Plaza, Arcadia Plaza, Savoy Plaza, Coppell Market Center, Statler Square, Hamilton Village, Waynesboro Plaza, Thompson Valley Towne Center, Lumina Commons, Driftwood Village, and Orchard Square. The outstanding principal balance of these non-recourse mortgages as of December 31, 2014 and 2013 was $252.1 million and $157.8 million, respectively.
[4]	All but $6.4 million of the fixed rate debt represents loans assumed as part of certain acquisitions.
[5]	As of December 31, 2014 and 2013, the maximum borrowing capacity of the unsecured credit facility was $700.0 million and $176.7 million, respectively.

Mortgages_and_Loans_Payable_De2

Mortgages and Loans Payable (Details) - Principal Payment Obligations (USD $)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013
Debt Instrument [Line Items]
Mortgage principal payment obligation, 2015	$65,885,000	[1]
Mortgage principal payment obligation, 2016	104,797,000	[1]
Mortgage principal payment obligation, 2017	338,990,000	[1]
Mortgage principal payment obligation, 2018	20,857,000	[1]
Mortgage principal payment obligation, 2019	4,206,000	[1]
Mortgage principal payment obligation, thereafter	107,887,000	[1]
Total maturing debt	642,622,000	[1]
Weighted-average interest rate on debt, 2015	5.20%
Weighted-average interest rate on debt, 2016	5.70%
Weighted-average interest rate on debt, 2017	2.00%
Weighted-average interest rate on debt, 2018	6.30%
Weighted-average interest rate on debt, 2019	5.80%
Weighted-average interest rate on debt, thereafter	5.20%
Weighted-average interest rate on debt	3.70%		5.60%
Portion of hedged debt			50,000,000
Variable-rate mortgage note payable swap agreement interest rate	5.22%
Fixed rate debt not assumed	6,400,000
Fixed Rate Mortgages Payable [Member]
Debt Instrument [Line Items]
Mortgage principal payment obligation, 2015	65,885,000	[1],[2],[3]
Mortgage principal payment obligation, 2016	104,797,000	[1],[2],[3]
Mortgage principal payment obligation, 2017	47,290,000	[1],[2],[3]
Mortgage principal payment obligation, 2018	20,857,000	[1],[2],[3]
Mortgage principal payment obligation, 2019	4,206,000	[1],[2],[3]
Mortgage principal payment obligation, thereafter	107,887,000	[1],[2],[3]
Total maturing debt	350,922,000	[1],[2],[3],[4]	196,052,000	[3],[4]
Weighted-average interest rate on debt, 2015	5.20%	[2],[3]
Weighted-average interest rate on debt, 2016	5.70%	[2],[3]
Weighted-average interest rate on debt, 2017	5.30%	[2],[3]
Weighted-average interest rate on debt, 2018	6.30%	[2],[3]
Weighted-average interest rate on debt, 2019	5.80%	[2],[3]
Weighted-average interest rate on debt, thereafter	5.20%	[2],[3]
Weighted-average interest rate on debt	5.50%	[2],[3]
Unsecured Credit Facility - Variable rate [Member]
Debt Instrument [Line Items]
Mortgage principal payment obligation, 2015	0	[1]
Mortgage principal payment obligation, 2016	0	[1]
Mortgage principal payment obligation, 2017	291,700,000	[1]
Mortgage principal payment obligation, 2018	0	[1]
Mortgage principal payment obligation, 2019	0	[1]
Mortgage principal payment obligation, thereafter	0	[1]
Total maturing debt	291,700,000	[1],[5]	0	[5]
Weighted-average interest rate on debt, 2015	0.00%
Weighted-average interest rate on debt, 2016	0.00%
Weighted-average interest rate on debt, 2017	1.50%
Weighted-average interest rate on debt, 2018	0.00%
Weighted-average interest rate on debt, 2019	0.00%
Weighted-average interest rate on debt, thereafter	0.00%
Weighted-average interest rate on debt	1.50%
Assumed Below-Market Debt Adjustment [Member]
Debt Instrument [Line Items]
Below-market assumed debt adjustment	7,840,000		4,820,000
Interest Rate Swap [Member]
Debt Instrument [Line Items]
Portion of hedged debt	$11,600,000
Variable-rate mortgage note payable swap agreement interest rate	5.22%
[1]	The debt maturity table does not include any net below-market debt adjustments, of which $7.8 million, net of accumulated amortization, was unamortized as of December 31, 2014.
[2]	All but $6.4 million of the fixed rate debt represents loans assumed as part of certain acquisitions.
[3]	As of December 31, 2014, the interest rate on $11.6 million outstanding under one of our variable-rate mortgage notes payable was, in effect, fixed at 5.22% by an interest rate swap agreement (see Notes 4 and 10).
[4]	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 Center, Broadway Plaza, Publix at Northridge, Kleinwood Center, Murray Landing, Vineyard Center, Sunset Center, Westwoods Shopping Center, Stockbridge Commons, East Burnside Plaza, Fresh Market, Collington Plaza, Stop & Shop Plaza, Arcadia Plaza, Savoy Plaza, Coppell Market Center, Statler Square, Hamilton Village, Waynesboro Plaza, Thompson Valley Towne Center, Lumina Commons, Driftwood Village, and Orchard Square. The outstanding principal balance of these non-recourse mortgages as of December 31, 2014 and 2013 was $252.1 million and $157.8 million, respectively.
[5]	As of December 31, 2014 and 2013, the maximum borrowing capacity of the unsecured credit facility was $700.0 million and $176.7 million, respectively.

Acquired_BelowMarket_Lease_Int2

Acquired Below-Market Lease Intangibles (Details) - Amortization Expense (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Below Market Lease [Abstract]
Acquired below-market leases, amortization	$4,911	[1]	$1,897	[1]	$650	[1]
[1]	Amortization recorded on acquired below-market leases was an adjustment to rental revenue in the consolidated statements of operations.

Acquired_BelowMarket_Lease_Int3

Acquired Below-Market Lease Intangibles (Details) - Five Succeeding Calendar Years (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified
Below Market Lease, Net, Amortization Income, Fiscal Year Maturity [Abstract]
Below Market Lease, Amortization Income, 2015	$6,423
Below Market Lease, Amortization Income, 2016	5,925
Below Market Lease, Amortization Income, 2017	4,993
Below Market Lease, Amortization Income, 2018	3,950
Below Market Lease, Amortization Income, 2019	3,216
Below Market Lease, Amortization Income, 2020 and thereafter	17,947
Below Market Lease, Net	$42,454

Derivatives_and_Hedging_Activi2

Derivatives and Hedging Activities (Details) (Interest Rate Swap [Member], USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Loss recorded in earnings for changes in fair value on discontinuation of cash flow hedge due to forecasted transaction becoming probably not to occur	$326
Loss on derivative not designated as hedges	350
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loss due to accelerated reclassification from AOCI to earnings		-6
Amount of gain recognized in other comprehensive income on derivative	0	633
Amount of loss reclassified from accumulated other comprehensive income into interest expense	0	-57
Amount of gain (loss) recognized in income on derivative (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing)	$690	($48)

RelatedParty_Transactions_Deta

Related-Party Transactions (Details) - Advisor (USD $)	12 Months Ended
In Thousands, except Share data in Millions, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Related Party Transactions [Abstract]
Offering costs maximum reimbursement percentage	1.50%
Total organization and offering costs charged	$27,104	[1]	$26,252	[1]
Total organization and offering costs reimbursed	27,029		25,873
Total unpaid organization and offering costs	75	[1]	379	[1]
Acquisition fee percentage	1.00%
Class B units issuance due date	60 days
Class B units of operating partnership issued	1.8
Operating partnership return for class B to vest	6.00%
Financing fee percentage	0.75%
Disposition fee percentage	2.00%
General and administrative expenses payable to related parties	26		85
Acquisition fees	9,011		10,095		1,705
Acquisition expenses	1,074		0		0
Asset management fees	27,853	[2]	999	[2]	697	[2]
Class B unit distributions	965	[3]	154	[3]	0	[3]
Financing fees	4,001		5,581		816
Disposition fees	129		0		0
Acquisition fees, unpaid amount	0		0
Acquisition expenses, unpaid amount	0		0
Asset management fees, unpaid amount	0	[2]	0	[2]
Class B distributions, unpaid amount	135	[3]	30	[3]
Financing fees, unpaid amount	0		0
Disposition fees, unpaid amount	$0		$0
Subordinated participation in net sales proceeds percentage	15.00%
Investor return before subordinated participation in net sales proceeds	7.00%
ARC's interest in special limited partner	15.00%
PE-NTR's interest in special limited partner	85.00%
Subordinated incentive listing fee percentage	15.00%
Investor return before subordinated listing incentive fee	7.00%
Subordinated distribution upon termination of advisor agreement percentage	15.00%
Investor return before subordinated distribution upon termination of advisor agreement	7.00%
[1]	Certain of these cumulative organization and offering costs were charged to us by our former advisor. The net payable of $75 is due to our former advisor as of December 31, 2014.
[2]	For the year ended December 31, 2014, these fees were related to the vesting of 2.8 million Class B units issued by the Operating Partnership in connection with asset management services provided by PE-NTR and ARC. For the years ended December 31, 2013 and 2012, these fees were paid by a group of institutional investors advised by CBRE Global Multi-Manager (the “CBRE Investors”) pursuant to the advisory agreement between our joint venture with the CBRE Investors and ARC.
[3]	Represents the distributions paid to ARC and PE-NTR as holders of Class B units of the Operating Partnership.

RelatedParty_Transactions_Deta1

Related-Party Transactions (Details) - Property Manager Transactions (USD $)	5 Months Ended	7 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	31-May-14	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Related Party Transactions [Abstract]
Property management fee, percent fee	4.50%	4.00%
Property management oversight fee percent		1.00%	1.00%
Property management fees			$7,245	$3,011	$756
Leasing commissions			3,561	1,239	302
Construction management fees			692	293	41
Other fees and reimbursements			2,328	684	191
Total property manager fees and reimbursements			13,826	5,227	1,290
Property management fees, unpaid amount		474	474	418
Leasing commissions payable, unpaid amount		191	191	80
Construction management fees, unpaid amount		73	73	50
Other fees and reimbursements, unpaid amount		0	0	89
Total property manager fees and reimbursements, unpaid amount		$738	$738	$637

RelatedParty_Transactions_Deta2

Related-Party Transactions (Details) - Other (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Related Party Transactions [Abstract]
Dealer manager selling commission percentage	7.00%
Dealer manager fee percentage	3.00%
Percentage of dealer manager selling commissions typically reallowed	100.00%
Selling commissions	$157	$100,148	$7,880
Selling commissions reallowed	157	100,148	7,880
Dealer manager fees	72	46,981	2,552
Dealer manager fees reallowed	$29	$17,116	$767
Minimum percentage of shares owned by PE-NTR	0.10%
PE-NTR share purchase price	$9
Shares owned by PE-NTR	176,509
Percentage of shares owned by PE-NTR	0.10%

Operating_Leases_Details

Operating Leases (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
Future rentals to be received under non-cancelable operating leases:
2015	163,969
2016	150,654
2017	134,588
2018	116,821
2019	94,625
2020 and thereafter	419,014
Total	1,079,671
Other Tenants Maximum [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	10.00%
Aggregate Annulized Effective Rent [Member] | Tenant Concentration Risk [Member]
Concentration Risk [Line Items]
Number of tenants accounting for 10% or more of aggregate annualized effective rent	0

Quarterly_Financial_Data_Detai

Quarterly Financial Data (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Quarterly Financial Data [Abstract]
Total revenue	$58,593	$50,031	$43,914	$35,677	$26,620	$20,144	$15,164	$11,237
Net (loss) income attributable to stockholders	($22,476)	$2,143	($1,879)	($423)	($6,155)	($1,408)	($1,993)	($2,848)	($22,635)	($12,404)	($3,346)
Net (loss) income per share - basis and diluted	($0.13)	$0.01	($0.01)	$0	($0.05)	($0.02)	($0.05)	($0.16)	$0.13	$0.18	$0.51

Subsequent_Events_Details_Dist

Subsequent Events (Details) - Distributions (USD $)	12 Months Ended			0 Months Ended			3 Months Ended	1 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Mar. 02, 2015	Feb. 02, 2015	Jan. 02, 2015	Feb. 28, 2015	Apr. 30, 2015	Mar. 31, 2015
Subsequent Event [Line Items]
Gross amount of distribution paid	$120,148	$47,068	$4,248
Dividend reinvestment plan (DRIP), value	62,950	18,706	1,324
Net cash distribution	56,612	19,301	2,349
Common stock, par value	$0.01	$0.01
Dividend Paid [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Gross amount of distribution paid				9,405	10,395	10,364
Dividend reinvestment plan (DRIP), value				4,912	5,448	5,444
Net cash distribution				$4,493	$4,948	$4,921
Common stock, distributions per share daily rate							$0.00
Dividend Declared [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Common stock, distributions per share daily rate								$0.00	$0.00
Common stock, par value								$0.01	$0.01
Common stock, dividend yield per share								6.70%
Common stock, price per share								$10

Subsequent_Events_Details_Acqu

Subsequent Events (Details) - Acquisitions (Subsequent Event [Member], USD $)	0 Months Ended
In Thousands, unless otherwise specified	Jan. 08, 2015	Feb. 11, 2015	Feb. 27, 2015
Nor'Wood Shopping Center [Member]
Business Acquisition [Line Items]
Purchase Price	$12,975
Square Footage	75,923
Leased % Rentable Square Feet at Acquisition	86.70%
Sunburst Plaza Shopping Center [Member]
Business Acquisition [Line Items]
Purchase Price		9,300
Square Footage		102,087
Leased % Rentable Square Feet at Acquisition		88.30%
Rivermont Station [Member]
Business Acquisition [Line Items]
Purchase Price			$10,900
Square Footage			90,267
Leased % Rentable Square Feet at Acquisition			91.10%

Schedule_III_Real_Estate_Asset1

Schedule III - Real Estate Assets and Accumulated Depreciation (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$350,922
Initial Cost, Land and Improvements	668,748
Initial Cost, Buildings and Improvements	1,286,670
Costs Capitalized Subsequent to Acquisition, Carrying Costs	25,216
Carrying Amount, Land	675,289
Carrying Amount, Buildings and Improvements	1,305,345
Carrying Amount, Total	1,980,634	1,136,074	291,175
Accumulated Depreciation	83,050	29,538	7,317
Lakeside Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	3,344
Initial Cost, Buildings and Improvements	5,247
Costs Capitalized Subsequent to Acquisition, Carrying Costs	135
Carrying Amount, Land	3,397
Carrying Amount, Buildings and Improvements	5,329
Carrying Amount, Total	8,726
Accumulated Depreciation	1,432
Date Acquired	10-Dec-10
Snow View Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	4,104
Initial Cost, Buildings and Improvements	6,432
Costs Capitalized Subsequent to Acquisition, Carrying Costs	358
Carrying Amount, Land	4,219
Carrying Amount, Buildings and Improvements	6,675
Carrying Amount, Total	10,894
Accumulated Depreciation	1,946
Date Acquired	15-Dec-10
St. Charles Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	4,090
Initial Cost, Buildings and Improvements	4,399
Costs Capitalized Subsequent to Acquisition, Carrying Costs	70
Carrying Amount, Land	4,099
Carrying Amount, Buildings and Improvements	4,460
Carrying Amount, Total	8,559
Accumulated Depreciation	1,301
Date Acquired	10-Jun-11
Centerpoint [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,404
Initial Cost, Buildings and Improvements	4,361
Costs Capitalized Subsequent to Acquisition, Carrying Costs	341
Carrying Amount, Land	2,427
Carrying Amount, Buildings and Improvements	4,679
Carrying Amount, Total	7,106
Accumulated Depreciation	820
Date Acquired	14-Oct-11
Southampton Village [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,670
Initial Cost, Buildings and Improvements	5,176
Costs Capitalized Subsequent to Acquisition, Carrying Costs	337
Carrying Amount, Land	2,757
Carrying Amount, Buildings and Improvements	5,426
Carrying Amount, Total	8,183
Accumulated Depreciation	1,059
Date Acquired	14-Oct-11
Burwood Village Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	5,447
Initial Cost, Buildings and Improvements	10,167
Costs Capitalized Subsequent to Acquisition, Carrying Costs	84
Carrying Amount, Land	5,497
Carrying Amount, Buildings and Improvements	10,201
Carrying Amount, Total	15,698
Accumulated Depreciation	1,984
Date Acquired	9-Nov-11
Cureton Town Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	6,569
Initial Cost, Buildings and Improvements	6,197
Costs Capitalized Subsequent to Acquisition, Carrying Costs	270
Carrying Amount, Land	6,585
Carrying Amount, Buildings and Improvements	6,451
Carrying Amount, Total	13,036
Accumulated Depreciation	1,429
Date Acquired	29-Dec-11
Tramway Crossing [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,016
Initial Cost, Buildings and Improvements	3,070
Costs Capitalized Subsequent to Acquisition, Carrying Costs	104
Carrying Amount, Land	2,038
Carrying Amount, Buildings and Improvements	3,152
Carrying Amount, Total	5,190
Accumulated Depreciation	844
Date Acquired	23-Feb-12
Westin Centre [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,190
Initial Cost, Buildings and Improvements	3,499
Costs Capitalized Subsequent to Acquisition, Carrying Costs	49
Carrying Amount, Land	2,197
Carrying Amount, Buildings and Improvements	3,541
Carrying Amount, Total	5,738
Accumulated Depreciation	980
Date Acquired	23-Feb-12
Village at Glynn Place [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	5,202
Initial Cost, Buildings and Improvements	6,095
Costs Capitalized Subsequent to Acquisition, Carrying Costs	187
Carrying Amount, Land	5,232
Carrying Amount, Buildings and Improvements	6,252
Carrying Amount, Total	11,484
Accumulated Depreciation	1,482
Date Acquired	27-Apr-12
Meadowthorpe Shopping Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	4,093
Initial Cost, Buildings and Improvements	4,185
Costs Capitalized Subsequent to Acquisition, Carrying Costs	213
Carrying Amount, Land	4,133
Carrying Amount, Buildings and Improvements	4,358
Carrying Amount, Total	8,491
Accumulated Depreciation	1,048
Date Acquired	9-May-12
New Windsor Marketplace [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	3,867
Initial Cost, Buildings and Improvements	1,329
Costs Capitalized Subsequent to Acquisition, Carrying Costs	159
Carrying Amount, Land	3,907
Carrying Amount, Buildings and Improvements	1,448
Carrying Amount, Total	5,355
Accumulated Depreciation	392
Date Acquired	9-May-12
Vine Street Square [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	7,049
Initial Cost, Buildings and Improvements	5,618
Costs Capitalized Subsequent to Acquisition, Carrying Costs	197
Carrying Amount, Land	7,058
Carrying Amount, Buildings and Improvements	5,806
Carrying Amount, Total	12,864
Accumulated Depreciation	1,289
Date Acquired	4-Jun-12
Northtowne Square [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	6,339
Initial Cost, Land and Improvements	2,844
Initial Cost, Buildings and Improvements	7,210
Costs Capitalized Subsequent to Acquisition, Carrying Costs	266
Carrying Amount, Land	2,926
Carrying Amount, Buildings and Improvements	7,394
Carrying Amount, Total	10,320
Accumulated Depreciation	1,530
Date Acquired	19-Jun-12
Brentwood Commons [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	6,106
Initial Cost, Buildings and Improvements	8,025
Costs Capitalized Subsequent to Acquisition, Carrying Costs	162
Carrying Amount, Land	6,123
Carrying Amount, Buildings and Improvements	8,170
Carrying Amount, Total	14,293
Accumulated Depreciation	1,529
Date Acquired	5-Jul-12
Sidney Towne Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	1,430
Initial Cost, Buildings and Improvements	3,802
Costs Capitalized Subsequent to Acquisition, Carrying Costs	399
Carrying Amount, Land	1,556
Carrying Amount, Buildings and Improvements	4,075
Carrying Amount, Total	5,631
Accumulated Depreciation	737
Date Acquired	2-Aug-12
Broadway Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	6,689
Initial Cost, Land and Improvements	4,979
Initial Cost, Buildings and Improvements	7,169
Costs Capitalized Subsequent to Acquisition, Carrying Costs	358
Carrying Amount, Land	5,214
Carrying Amount, Buildings and Improvements	7,292
Carrying Amount, Total	12,506
Accumulated Depreciation	1,138
Date Acquired	13-Aug-12
Richmond Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	7,157
Initial Cost, Buildings and Improvements	11,244
Costs Capitalized Subsequent to Acquisition, Carrying Costs	415
Carrying Amount, Land	7,262
Carrying Amount, Buildings and Improvements	11,554
Carrying Amount, Total	18,816
Accumulated Depreciation	1,716
Date Acquired	30-Aug-12
Publix at Northridge [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	9,606
Initial Cost, Land and Improvements	5,671
Initial Cost, Buildings and Improvements	5,632
Costs Capitalized Subsequent to Acquisition, Carrying Costs	109
Carrying Amount, Land	5,695
Carrying Amount, Buildings and Improvements	5,717
Carrying Amount, Total	11,412
Accumulated Depreciation	776
Date Acquired	30-Aug-12
Baker Hill Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	7,068
Initial Cost, Buildings and Improvements	13,737
Costs Capitalized Subsequent to Acquisition, Carrying Costs	150
Carrying Amount, Land	7,118
Carrying Amount, Buildings and Improvements	13,837
Carrying Amount, Total	20,955
Accumulated Depreciation	1,664
Date Acquired	6-Sep-12
New Prague Commons [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	3,248
Initial Cost, Buildings and Improvements	6,605
Costs Capitalized Subsequent to Acquisition, Carrying Costs	46
Carrying Amount, Land	3,260
Carrying Amount, Buildings and Improvements	6,639
Carrying Amount, Total	9,899
Accumulated Depreciation	791
Date Acquired	12-Oct-12
Brook Park Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,754
Initial Cost, Land and Improvements	2,545
Initial Cost, Buildings and Improvements	7,594
Costs Capitalized Subsequent to Acquisition, Carrying Costs	344
Carrying Amount, Land	2,599
Carrying Amount, Buildings and Improvements	7,884
Carrying Amount, Total	10,483
Accumulated Depreciation	936
Date Acquired	23-Oct-12
Heron Creek Towne Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	4,062
Initial Cost, Buildings and Improvements	4,082
Costs Capitalized Subsequent to Acquisition, Carrying Costs	254
Carrying Amount, Land	4,070
Carrying Amount, Buildings and Improvements	4,328
Carrying Amount, Total	8,398
Accumulated Depreciation	549
Date Acquired	17-Dec-12
Quartz Hill Towne Centre [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	6,352
Initial Cost, Buildings and Improvements	13,529
Costs Capitalized Subsequent to Acquisition, Carrying Costs	33
Carrying Amount, Land	6,372
Carrying Amount, Buildings and Improvements	13,542
Carrying Amount, Total	19,914
Accumulated Depreciation	1,436
Date Acquired	26-Dec-12
Hilfiker Square [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,455
Initial Cost, Buildings and Improvements	4,750
Costs Capitalized Subsequent to Acquisition, Carrying Costs	17
Carrying Amount, Land	2,466
Carrying Amount, Buildings and Improvements	4,756
Carrying Amount, Total	7,222
Accumulated Depreciation	434
Date Acquired	28-Dec-12
Village One Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	5,166
Initial Cost, Buildings and Improvements	18,752
Costs Capitalized Subsequent to Acquisition, Carrying Costs	85
Carrying Amount, Land	5,208
Carrying Amount, Buildings and Improvements	18,795
Carrying Amount, Total	24,003
Accumulated Depreciation	1,532
Date Acquired	28-Dec-12
Butler Creek [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	3,925
Initial Cost, Buildings and Improvements	6,129
Costs Capitalized Subsequent to Acquisition, Carrying Costs	304
Carrying Amount, Land	4,170
Carrying Amount, Buildings and Improvements	6,188
Carrying Amount, Total	10,358
Accumulated Depreciation	728
Date Acquired	15-Jan-13
Fairview Oaks [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	3,563
Initial Cost, Buildings and Improvements	5,266
Costs Capitalized Subsequent to Acquisition, Carrying Costs	96
Carrying Amount, Land	3,594
Carrying Amount, Buildings and Improvements	5,331
Carrying Amount, Total	8,925
Accumulated Depreciation	613
Date Acquired	15-Jan-13
Grassland Crossing [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	3,680
Initial Cost, Buildings and Improvements	5,791
Costs Capitalized Subsequent to Acquisition, Carrying Costs	524
Carrying Amount, Land	3,702
Carrying Amount, Buildings and Improvements	6,293
Carrying Amount, Total	9,995
Accumulated Depreciation	655
Date Acquired	15-Jan-13
Hamilton Ridge [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	4,054
Initial Cost, Buildings and Improvements	7,168
Costs Capitalized Subsequent to Acquisition, Carrying Costs	252
Carrying Amount, Land	4,076
Carrying Amount, Buildings and Improvements	7,398
Carrying Amount, Total	11,474
Accumulated Depreciation	781
Date Acquired	15-Jan-13
Marbleton Crossing [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	4,426
Initial Cost, Buildings and Improvements	6,413
Costs Capitalized Subsequent to Acquisition, Carrying Costs	153
Carrying Amount, Land	4,503
Carrying Amount, Buildings and Improvements	6,489
Carrying Amount, Total	10,992
Accumulated Depreciation	768
Date Acquired	15-Jan-13
The Shops at Westridge [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,788
Initial Cost, Buildings and Improvements	3,901
Costs Capitalized Subsequent to Acquisition, Carrying Costs	209
Carrying Amount, Land	2,788
Carrying Amount, Buildings and Improvements	4,110
Carrying Amount, Total	6,898
Accumulated Depreciation	449
Date Acquired	15-Jan-13
Fairlawn Town Centre [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	10,397
Initial Cost, Buildings and Improvements	29,005
Costs Capitalized Subsequent to Acquisition, Carrying Costs	1,233
Carrying Amount, Land	10,578
Carrying Amount, Buildings and Improvements	30,057
Carrying Amount, Total	40,635
Accumulated Depreciation	3,135
Date Acquired	30-Jan-13
Macland Pointe [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	3,450
Initial Cost, Buildings and Improvements	5,364
Costs Capitalized Subsequent to Acquisition, Carrying Costs	465
Carrying Amount, Land	3,615
Carrying Amount, Buildings and Improvements	5,664
Carrying Amount, Total	9,279
Accumulated Depreciation	655
Date Acquired	13-Feb-13
Murray Landing [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	6,330
Initial Cost, Land and Improvements	2,927
Initial Cost, Buildings and Improvements	6,856
Costs Capitalized Subsequent to Acquisition, Carrying Costs	41
Carrying Amount, Land	2,960
Carrying Amount, Buildings and Improvements	6,864
Carrying Amount, Total	9,824
Accumulated Depreciation	617
Date Acquired	21-Mar-13
Vineyard Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	6,600
Initial Cost, Land and Improvements	2,761
Initial Cost, Buildings and Improvements	4,221
Costs Capitalized Subsequent to Acquisition, Carrying Costs	75
Carrying Amount, Land	2,801
Carrying Amount, Buildings and Improvements	4,256
Carrying Amount, Total	7,057
Accumulated Depreciation	405
Date Acquired	21-Mar-13
Kleinwood Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	23,640
Initial Cost, Land and Improvements	11,477
Initial Cost, Buildings and Improvements	18,954
Costs Capitalized Subsequent to Acquisition, Carrying Costs	459
Carrying Amount, Land	11,540
Carrying Amount, Buildings and Improvements	19,350
Carrying Amount, Total	30,890
Accumulated Depreciation	1,721
Date Acquired	21-Mar-13
Lutz Lake Crossing [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,636
Initial Cost, Buildings and Improvements	6,601
Costs Capitalized Subsequent to Acquisition, Carrying Costs	162
Carrying Amount, Land	2,636
Carrying Amount, Buildings and Improvements	6,763
Carrying Amount, Total	9,399
Accumulated Depreciation	535
Date Acquired	4-Apr-13
Publix at Seven Hills [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,171
Initial Cost, Buildings and Improvements	5,642
Costs Capitalized Subsequent to Acquisition, Carrying Costs	177
Carrying Amount, Land	2,306
Carrying Amount, Buildings and Improvements	5,684
Carrying Amount, Total	7,990
Accumulated Depreciation	492
Date Acquired	4-Apr-13
Hartville Centre [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,069
Initial Cost, Buildings and Improvements	3,692
Costs Capitalized Subsequent to Acquisition, Carrying Costs	792
Carrying Amount, Land	2,153
Carrying Amount, Buildings and Improvements	4,400
Carrying Amount, Total	6,553
Accumulated Depreciation	387
Date Acquired	23-Apr-13
Sunset Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	17,396
Initial Cost, Land and Improvements	7,933
Initial Cost, Buildings and Improvements	14,939
Costs Capitalized Subsequent to Acquisition, Carrying Costs	87
Carrying Amount, Land	7,940
Carrying Amount, Buildings and Improvements	15,019
Carrying Amount, Total	22,959
Accumulated Depreciation	1,137
Date Acquired	31-May-13
Savage Town Square [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	4,106
Initial Cost, Buildings and Improvements	9,409
Costs Capitalized Subsequent to Acquisition, Carrying Costs	48
Carrying Amount, Land	4,146
Carrying Amount, Buildings and Improvements	9,417
Carrying Amount, Total	13,563
Accumulated Depreciation	700
Date Acquired	19-Jun-13
Northcross [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	30,725
Initial Cost, Buildings and Improvements	25,627
Costs Capitalized Subsequent to Acquisition, Carrying Costs	263
Carrying Amount, Land	30,790
Carrying Amount, Buildings and Improvements	25,825
Carrying Amount, Total	56,615
Accumulated Depreciation	1,831
Date Acquired	24-Jun-13
Glenwood Crossing [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	1,872
Initial Cost, Buildings and Improvements	9,914
Costs Capitalized Subsequent to Acquisition, Carrying Costs	130
Carrying Amount, Land	1,905
Carrying Amount, Buildings and Improvements	10,011
Carrying Amount, Total	11,916
Accumulated Depreciation	623
Date Acquired	27-Jun-13
Pavilions at San Mateo [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	6,471
Initial Cost, Buildings and Improvements	18,725
Costs Capitalized Subsequent to Acquisition, Carrying Costs	190
Carrying Amount, Land	6,534
Carrying Amount, Buildings and Improvements	18,852
Carrying Amount, Total	25,386
Accumulated Depreciation	1,275
Date Acquired	27-Jun-13
Shiloh Square [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	4,685
Initial Cost, Buildings and Improvements	8,728
Costs Capitalized Subsequent to Acquisition, Carrying Costs	452
Carrying Amount, Land	4,708
Carrying Amount, Buildings and Improvements	9,157
Carrying Amount, Total	13,865
Accumulated Depreciation	634
Date Acquired	27-Jun-13
Boronda Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	9,027
Initial Cost, Buildings and Improvements	11,870
Costs Capitalized Subsequent to Acquisition, Carrying Costs	73
Carrying Amount, Land	9,059
Carrying Amount, Buildings and Improvements	11,911
Carrying Amount, Total	20,970
Accumulated Depreciation	801
Date Acquired	3-Jul-13
Rivergate [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	6,773
Initial Cost, Buildings and Improvements	22,841
Costs Capitalized Subsequent to Acquisition, Carrying Costs	639
Carrying Amount, Land	6,859
Carrying Amount, Buildings and Improvements	23,394
Carrying Amount, Total	30,253
Accumulated Depreciation	1,354
Date Acquired	18-Jul-13
Westwoods Shopping Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	8,800
Initial Cost, Land and Improvements	3,706
Initial Cost, Buildings and Improvements	11,115
Costs Capitalized Subsequent to Acquisition, Carrying Costs	116
Carrying Amount, Land	3,755
Carrying Amount, Buildings and Improvements	11,182
Carrying Amount, Total	14,937
Accumulated Depreciation	717
Date Acquired	8-Aug-13
Paradise Crossing [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,204
Initial Cost, Buildings and Improvements	6,064
Costs Capitalized Subsequent to Acquisition, Carrying Costs	109
Carrying Amount, Land	2,270
Carrying Amount, Buildings and Improvements	6,107
Carrying Amount, Total	8,377
Accumulated Depreciation	418
Date Acquired	13-Aug-13
Conta Loma Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,846
Initial Cost, Buildings and Improvements	3,926
Costs Capitalized Subsequent to Acquisition, Carrying Costs	723
Carrying Amount, Land	2,968
Carrying Amount, Buildings and Improvements	4,527
Carrying Amount, Total	7,495
Accumulated Depreciation	229
Date Acquired	19-Aug-13
South Oaks Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	1,938
Initial Cost, Buildings and Improvements	6,634
Costs Capitalized Subsequent to Acquisition, Carrying Costs	111
Carrying Amount, Land	2,009
Carrying Amount, Buildings and Improvements	6,674
Carrying Amount, Total	8,683
Accumulated Depreciation	407
Date Acquired	21-Aug-13
Yorktown Centre [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	3,736
Initial Cost, Buildings and Improvements	15,395
Costs Capitalized Subsequent to Acquisition, Carrying Costs	221
Carrying Amount, Land	3,860
Carrying Amount, Buildings and Improvements	15,492
Carrying Amount, Total	19,352
Accumulated Depreciation	1,116
Date Acquired	30-Aug-13
Stockbridge Commons [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	9,792
Initial Cost, Land and Improvements	4,818
Initial Cost, Buildings and Improvements	9,281
Costs Capitalized Subsequent to Acquisition, Carrying Costs	176
Carrying Amount, Land	4,916
Carrying Amount, Buildings and Improvements	9,359
Carrying Amount, Total	14,275
Accumulated Depreciation	598
Date Acquired	3-Sep-13
Dyer Crossing [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	10,461
Initial Cost, Land and Improvements	6,017
Initial Cost, Buildings and Improvements	10,214
Costs Capitalized Subsequent to Acquisition, Carrying Costs	55
Carrying Amount, Land	6,049
Carrying Amount, Buildings and Improvements	10,237
Carrying Amount, Total	16,286
Accumulated Depreciation	655
Date Acquired	4-Sep-13
East Burnside Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	6,295
Initial Cost, Land and Improvements	2,484
Initial Cost, Buildings and Improvements	5,422
Costs Capitalized Subsequent to Acquisition, Carrying Costs	17
Carrying Amount, Land	2,494
Carrying Amount, Buildings and Improvements	5,429
Carrying Amount, Total	7,923
Accumulated Depreciation	270
Date Acquired	12-Sep-13
Red Maple Village [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	9,250
Initial Cost, Buildings and Improvements	19,466
Costs Capitalized Subsequent to Acquisition, Carrying Costs	288
Carrying Amount, Land	9,306
Carrying Amount, Buildings and Improvements	19,698
Carrying Amount, Total	29,004
Accumulated Depreciation	956
Date Acquired	18-Sep-13
Crystal Beach Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,335
Initial Cost, Buildings and Improvements	7,918
Costs Capitalized Subsequent to Acquisition, Carrying Costs	88
Carrying Amount, Land	2,335
Carrying Amount, Buildings and Improvements	8,006
Carrying Amount, Total	10,341
Accumulated Depreciation	432
Date Acquired	25-Sep-13
CitiCentre Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	770
Initial Cost, Buildings and Improvements	2,530
Costs Capitalized Subsequent to Acquisition, Carrying Costs	69
Carrying Amount, Land	837
Carrying Amount, Buildings and Improvements	2,532
Carrying Amount, Total	3,369
Accumulated Depreciation	170
Date Acquired	2-Oct-13
Duck Creek Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	4,611
Initial Cost, Buildings and Improvements	13,007
Costs Capitalized Subsequent to Acquisition, Carrying Costs	464
Carrying Amount, Land	4,719
Carrying Amount, Buildings and Improvements	13,363
Carrying Amount, Total	18,082
Accumulated Depreciation	718
Date Acquired	8-Oct-13
Cahill Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,587
Initial Cost, Buildings and Improvements	5,113
Costs Capitalized Subsequent to Acquisition, Carrying Costs	184
Carrying Amount, Land	2,663
Carrying Amount, Buildings and Improvements	5,221
Carrying Amount, Total	7,884
Accumulated Depreciation	313
Date Acquired	9-Oct-13
Pioneer Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	4,948
Initial Cost, Buildings and Improvements	5,680
Costs Capitalized Subsequent to Acquisition, Carrying Costs	250
Carrying Amount, Land	5,016
Carrying Amount, Buildings and Improvements	5,862
Carrying Amount, Total	10,878
Accumulated Depreciation	322
Date Acquired	18-Oct-13
Fresh Market [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	5,579
Initial Cost, Land and Improvements	2,343
Initial Cost, Buildings and Improvements	8,790
Costs Capitalized Subsequent to Acquisition, Carrying Costs	32
Carrying Amount, Land	2,376
Carrying Amount, Buildings and Improvements	8,789
Carrying Amount, Total	11,165
Accumulated Depreciation	435
Date Acquired	22-Oct-13
Courthouse Marketplace [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	6,131
Initial Cost, Buildings and Improvements	8,061
Costs Capitalized Subsequent to Acquisition, Carrying Costs	393
Carrying Amount, Land	6,266
Carrying Amount, Buildings and Improvements	8,319
Carrying Amount, Total	14,585
Accumulated Depreciation	438
Date Acquired	25-Oct-13
Hastings Marketplace [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	3,980
Initial Cost, Buildings and Improvements	10,044
Costs Capitalized Subsequent to Acquisition, Carrying Costs	194
Carrying Amount, Land	4,043
Carrying Amount, Buildings and Improvements	10,175
Carrying Amount, Total	14,218
Accumulated Depreciation	556
Date Acquired	6-Nov-13
Shoppes of Paradise Lakes [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	5,866
Initial Cost, Land and Improvements	5,811
Initial Cost, Buildings and Improvements	6,019
Costs Capitalized Subsequent to Acquisition, Carrying Costs	113
Carrying Amount, Land	5,831
Carrying Amount, Buildings and Improvements	6,112
Carrying Amount, Total	11,943
Accumulated Depreciation	368
Date Acquired	7-Nov-13
Conquina Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	7,182
Initial Cost, Land and Improvements	9,458
Initial Cost, Buildings and Improvements	11,770
Costs Capitalized Subsequent to Acquisition, Carrying Costs	30
Carrying Amount, Land	9,476
Carrying Amount, Buildings and Improvements	11,782
Carrying Amount, Total	21,258
Accumulated Depreciation	624
Date Acquired	7-Nov-13
Butler's Crossing [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	1,338
Initial Cost, Buildings and Improvements	6,682
Costs Capitalized Subsequent to Acquisition, Carrying Costs	236
Carrying Amount, Land	1,368
Carrying Amount, Buildings and Improvements	6,888
Carrying Amount, Total	8,256
Accumulated Depreciation	380
Date Acquired	7-Nov-13
Lakewood Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	4,495
Initial Cost, Buildings and Improvements	10,028
Costs Capitalized Subsequent to Acquisition, Carrying Costs	196
Carrying Amount, Land	4,495
Carrying Amount, Buildings and Improvements	10,224
Carrying Amount, Total	14,719
Accumulated Depreciation	623
Date Acquired	7-Nov-13
Collington Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	23,888
Initial Cost, Land and Improvements	12,207
Initial Cost, Buildings and Improvements	15,142
Costs Capitalized Subsequent to Acquisition, Carrying Costs	127
Carrying Amount, Land	12,246
Carrying Amount, Buildings and Improvements	15,230
Carrying Amount, Total	27,476
Accumulated Depreciation	717
Date Acquired	21-Nov-13
Golden Town Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	7,066
Initial Cost, Buildings and Improvements	10,166
Costs Capitalized Subsequent to Acquisition, Carrying Costs	211
Carrying Amount, Land	7,198
Carrying Amount, Buildings and Improvements	10,245
Carrying Amount, Total	17,443
Accumulated Depreciation	566
Date Acquired	22-Nov-13
Northstar Marketplace [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,810
Initial Cost, Buildings and Improvements	9,204
Costs Capitalized Subsequent to Acquisition, Carrying Costs	169
Carrying Amount, Land	2,843
Carrying Amount, Buildings and Improvements	9,340
Carrying Amount, Total	12,183
Accumulated Depreciation	475
Date Acquired	27-Nov-13
Bear Creek Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	5,677
Initial Cost, Buildings and Improvements	17,611
Costs Capitalized Subsequent to Acquisition, Carrying Costs	9
Carrying Amount, Land	5,683
Carrying Amount, Buildings and Improvements	17,614
Carrying Amount, Total	23,297
Accumulated Depreciation	847
Date Acquired	19-Dec-13
Flag City Station [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	4,685
Initial Cost, Buildings and Improvements	9,630
Costs Capitalized Subsequent to Acquisition, Carrying Costs	97
Carrying Amount, Land	4,695
Carrying Amount, Buildings and Improvements	9,717
Carrying Amount, Total	14,412
Accumulated Depreciation	521
Date Acquired	19-Dec-13
Southern Hills Crossing [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	778
Initial Cost, Buildings and Improvements	1,481
Costs Capitalized Subsequent to Acquisition, Carrying Costs	16
Carrying Amount, Land	778
Carrying Amount, Buildings and Improvements	1,497
Carrying Amount, Total	2,275
Accumulated Depreciation	91
Date Acquired	19-Dec-13
Sulphur Grove [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	553
Initial Cost, Buildings and Improvements	2,142
Costs Capitalized Subsequent to Acquisition, Carrying Costs	16
Carrying Amount, Land	558
Carrying Amount, Buildings and Improvements	2,153
Carrying Amount, Total	2,711
Accumulated Depreciation	93
Date Acquired	19-Dec-13
East Side Square [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	394
Initial Cost, Buildings and Improvements	963
Costs Capitalized Subsequent to Acquisition, Carrying Costs	6
Carrying Amount, Land	394
Carrying Amount, Buildings and Improvements	969
Carrying Amount, Total	1,363
Accumulated Depreciation	55
Date Acquired	19-Dec-13
Hoke Crossing [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	481
Initial Cost, Buildings and Improvements	1,059
Costs Capitalized Subsequent to Acquisition, Carrying Costs	6
Carrying Amount, Land	481
Carrying Amount, Buildings and Improvements	1,065
Carrying Amount, Total	1,546
Accumulated Depreciation	58
Date Acquired	19-Dec-13
Town & Country Shopping Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	7,360
Initial Cost, Buildings and Improvements	16,269
Costs Capitalized Subsequent to Acquisition, Carrying Costs	1
Carrying Amount, Land	7,361
Carrying Amount, Buildings and Improvements	16,269
Carrying Amount, Total	23,630
Accumulated Depreciation	850
Date Acquired	19-Dec-13
Sterling Pointe Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	7,038
Initial Cost, Buildings and Improvements	20,822
Costs Capitalized Subsequent to Acquisition, Carrying Costs	309
Carrying Amount, Land	7,169
Carrying Amount, Buildings and Improvements	21,000
Carrying Amount, Total	28,169
Accumulated Depreciation	787
Date Acquired	20-Dec-13
Southgate Shopping Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,434
Initial Cost, Buildings and Improvements	8,357
Costs Capitalized Subsequent to Acquisition, Carrying Costs	144
Carrying Amount, Land	2,519
Carrying Amount, Buildings and Improvements	8,416
Carrying Amount, Total	10,935
Accumulated Depreciation	416
Date Acquired	20-Dec-13
Arcadia Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	5,774
Initial Cost, Buildings and Improvements	6,904
Costs Capitalized Subsequent to Acquisition, Carrying Costs	140
Carrying Amount, Land	5,793
Carrying Amount, Buildings and Improvements	7,025
Carrying Amount, Total	12,818
Accumulated Depreciation	331
Date Acquired	30-Dec-13
Stop & Shop Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	13,157
Initial Cost, Land and Improvements	8,892
Initial Cost, Buildings and Improvements	15,028
Costs Capitalized Subsequent to Acquisition, Carrying Costs	116
Carrying Amount, Land	8,993
Carrying Amount, Buildings and Improvements	15,043
Carrying Amount, Total	24,036
Accumulated Depreciation	718
Date Acquired	30-Dec-13
Fairacres Shopping Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	3,542
Initial Cost, Buildings and Improvements	5,190
Costs Capitalized Subsequent to Acquisition, Carrying Costs	126
Carrying Amount, Land	3,593
Carrying Amount, Buildings and Improvements	5,265
Carrying Amount, Total	8,858
Accumulated Depreciation	296
Date Acquired	21-Jan-14
Savoy Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	14,144
Initial Cost, Land and Improvements	4,304
Initial Cost, Buildings and Improvements	10,895
Costs Capitalized Subsequent to Acquisition, Carrying Costs	79
Carrying Amount, Land	4,346
Carrying Amount, Buildings and Improvements	10,932
Carrying Amount, Total	15,278
Accumulated Depreciation	512
Date Acquired	31-Jan-14
The Shops of Uptown [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	7,744
Initial Cost, Buildings and Improvements	16,884
Costs Capitalized Subsequent to Acquisition, Carrying Costs	29
Carrying Amount, Land	7,763
Carrying Amount, Buildings and Improvements	16,894
Carrying Amount, Total	24,657
Accumulated Depreciation	574
Date Acquired	25-Feb-14
Chapel Hill North [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	7,744
Initial Cost, Land and Improvements	4,776
Initial Cost, Buildings and Improvements	10,190
Costs Capitalized Subsequent to Acquisition, Carrying Costs	146
Carrying Amount, Land	4,837
Carrying Amount, Buildings and Improvements	10,275
Carrying Amount, Total	15,112
Accumulated Depreciation	428
Date Acquired	28-Feb-14
Winchester Gateway [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	22,711
Initial Cost, Land and Improvements	9,342
Initial Cost, Buildings and Improvements	23,468
Costs Capitalized Subsequent to Acquisition, Carrying Costs	45
Carrying Amount, Land	9,350
Carrying Amount, Buildings and Improvements	23,505
Carrying Amount, Total	32,855
Accumulated Depreciation	850
Date Acquired	5-Mar-14
Stonewall Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	14,029
Initial Cost, Land and Improvements	7,929
Initial Cost, Buildings and Improvements	16,642
Costs Capitalized Subsequent to Acquisition, Carrying Costs	122
Carrying Amount, Land	7,929
Carrying Amount, Buildings and Improvements	16,764
Carrying Amount, Total	24,693
Accumulated Depreciation	602
Date Acquired	5-Mar-14
Coppell Market Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	13,003
Initial Cost, Land and Improvements	4,869
Initial Cost, Buildings and Improvements	12,237
Costs Capitalized Subsequent to Acquisition, Carrying Costs	12
Carrying Amount, Land	4,877
Carrying Amount, Buildings and Improvements	12,241
Carrying Amount, Total	17,118
Accumulated Depreciation	440
Date Acquired	5-Mar-14
Harrison Pointe [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	10,006
Initial Cost, Buildings and Improvements	11,208
Costs Capitalized Subsequent to Acquisition, Carrying Costs	55
Carrying Amount, Land	10,055
Carrying Amount, Buildings and Improvements	11,214
Carrying Amount, Total	21,269
Accumulated Depreciation	577
Date Acquired	11-Mar-14
Town Fair Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	8,108
Initial Cost, Buildings and Improvements	14,411
Costs Capitalized Subsequent to Acquisition, Carrying Costs	135
Carrying Amount, Land	8,163
Carrying Amount, Buildings and Improvements	14,491
Carrying Amount, Total	22,654
Accumulated Depreciation	618
Date Acquired	12-Mar-14
Villages at Eagles Landing [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,844
Initial Cost, Land and Improvements	2,824
Initial Cost, Buildings and Improvements	5,515
Costs Capitalized Subsequent to Acquisition, Carrying Costs	121
Carrying Amount, Land	2,865
Carrying Amount, Buildings and Improvements	5,595
Carrying Amount, Total	8,460
Accumulated Depreciation	290
Date Acquired	13-Mar-14
Towne Centre at Wesley Chapel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,465
Initial Cost, Buildings and Improvements	5,554
Costs Capitalized Subsequent to Acquisition, Carrying Costs	50
Carrying Amount, Land	2,465
Carrying Amount, Buildings and Improvements	5,604
Carrying Amount, Total	8,069
Accumulated Depreciation	226
Date Acquired	14-Mar-14
Dean Taylor Crossing [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	3,903
Initial Cost, Buildings and Improvements	8,192
Costs Capitalized Subsequent to Acquisition, Carrying Costs	106
Carrying Amount, Land	3,944
Carrying Amount, Buildings and Improvements	8,257
Carrying Amount, Total	12,201
Accumulated Depreciation	367
Date Acquired	14-Mar-14
Champions Gate Village [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	1,813
Initial Cost, Buildings and Improvements	6,060
Costs Capitalized Subsequent to Acquisition, Carrying Costs	62
Carrying Amount, Land	1,826
Carrying Amount, Buildings and Improvements	6,109
Carrying Amount, Total	7,935
Accumulated Depreciation	259
Date Acquired	14-Mar-14
Goolsby Pointe [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	4,131
Initial Cost, Buildings and Improvements	5,341
Costs Capitalized Subsequent to Acquisition, Carrying Costs	91
Carrying Amount, Land	4,145
Carrying Amount, Buildings and Improvements	5,418
Carrying Amount, Total	9,563
Accumulated Depreciation	244
Date Acquired	14-Mar-14
Statler Square [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	8,113
Initial Cost, Land and Improvements	4,108
Initial Cost, Buildings and Improvements	9,072
Costs Capitalized Subsequent to Acquisition, Carrying Costs	410
Carrying Amount, Land	4,373
Carrying Amount, Buildings and Improvements	9,217
Carrying Amount, Total	13,590
Accumulated Depreciation	352
Date Acquired	21-Mar-14
Burbank Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,971
Initial Cost, Buildings and Improvements	4,546
Costs Capitalized Subsequent to Acquisition, Carrying Costs	0
Carrying Amount, Land	2,971
Carrying Amount, Buildings and Improvements	4,546
Carrying Amount, Total	7,517
Accumulated Depreciation	297
Date Acquired	25-Mar-14
Hamilton Village [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	26,851
Initial Cost, Land and Improvements	12,682
Initial Cost, Buildings and Improvements	19,102
Costs Capitalized Subsequent to Acquisition, Carrying Costs	643
Carrying Amount, Land	12,750
Carrying Amount, Buildings and Improvements	19,677
Carrying Amount, Total	32,427
Accumulated Depreciation	787
Date Acquired	3-Apr-14
Waynesboro Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	11,619
Initial Cost, Land and Improvements	5,597
Initial Cost, Buildings and Improvements	8,334
Costs Capitalized Subsequent to Acquisition, Carrying Costs	73
Carrying Amount, Land	5,632
Carrying Amount, Buildings and Improvements	8,372
Carrying Amount, Total	14,004
Accumulated Depreciation	288
Date Acquired	30-Apr-14
Southwest Marketplace [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	16,019
Initial Cost, Buildings and Improvements	11,270
Costs Capitalized Subsequent to Acquisition, Carrying Costs	59
Carrying Amount, Land	16,019
Carrying Amount, Buildings and Improvements	11,329
Carrying Amount, Total	27,348
Accumulated Depreciation	407
Date Acquired	5-May-14
Hampton Village [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	5,456
Initial Cost, Buildings and Improvements	7,254
Costs Capitalized Subsequent to Acquisition, Carrying Costs	433
Carrying Amount, Land	5,624
Carrying Amount, Buildings and Improvements	7,519
Carrying Amount, Total	13,143
Accumulated Depreciation	251
Date Acquired	21-May-14
Central Station [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	6,144
Initial Cost, Buildings and Improvements	6,931
Costs Capitalized Subsequent to Acquisition, Carrying Costs	885
Carrying Amount, Land	6,215
Carrying Amount, Buildings and Improvements	7,745
Carrying Amount, Total	13,960
Accumulated Depreciation	220
Date Acquired	23-May-14
Kirkwood Market Place [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	5,786
Initial Cost, Buildings and Improvements	9,697
Costs Capitalized Subsequent to Acquisition, Carrying Costs	87
Carrying Amount, Land	5,833
Carrying Amount, Buildings and Improvements	9,737
Carrying Amount, Total	15,570
Accumulated Depreciation	250
Date Acquired	23-May-14
Fairview Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,787
Initial Cost, Buildings and Improvements	8,500
Costs Capitalized Subsequent to Acquisition, Carrying Costs	138
Carrying Amount, Land	2,850
Carrying Amount, Buildings and Improvements	8,575
Carrying Amount, Total	11,425
Accumulated Depreciation	219
Date Acquired	27-May-14
Broadway Promenade [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	3,832
Initial Cost, Buildings and Improvements	6,795
Costs Capitalized Subsequent to Acquisition, Carrying Costs	15
Carrying Amount, Land	3,832
Carrying Amount, Buildings and Improvements	6,810
Carrying Amount, Total	10,642
Accumulated Depreciation	172
Date Acquired	28-May-14
Townfair Shopping Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	15,344
Initial Cost, Land and Improvements	7,007
Initial Cost, Buildings and Improvements	13,233
Costs Capitalized Subsequent to Acquisition, Carrying Costs	101
Carrying Amount, Land	7,063
Carrying Amount, Buildings and Improvements	13,278
Carrying Amount, Total	20,341
Accumulated Depreciation	370
Date Acquired	29-May-14
Deerwood Lake Commons [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,198
Initial Cost, Buildings and Improvements	8,878
Costs Capitalized Subsequent to Acquisition, Carrying Costs	76
Carrying Amount, Land	2,198
Carrying Amount, Buildings and Improvements	8,954
Carrying Amount, Total	11,152
Accumulated Depreciation	222
Date Acquired	29-May-14
Heath Brook Commons [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	3,470
Initial Cost, Buildings and Improvements	8,353
Costs Capitalized Subsequent to Acquisition, Carrying Costs	68
Carrying Amount, Land	3,470
Carrying Amount, Buildings and Improvements	8,421
Carrying Amount, Total	11,891
Accumulated Depreciation	220
Date Acquired	29-May-14
Park View Square [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	5,701
Initial Cost, Buildings and Improvements	9,303
Costs Capitalized Subsequent to Acquisition, Carrying Costs	28
Carrying Amount, Land	5,701
Carrying Amount, Buildings and Improvements	9,331
Carrying Amount, Total	15,032
Accumulated Depreciation	244
Date Acquired	29-May-14
St. Johns Commons [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	1,599
Initial Cost, Buildings and Improvements	10,387
Costs Capitalized Subsequent to Acquisition, Carrying Costs	58
Carrying Amount, Land	1,615
Carrying Amount, Buildings and Improvements	10,429
Carrying Amount, Total	12,044
Accumulated Depreciation	259
Date Acquired	29-May-14
West Creek Commons [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	3,946
Initial Cost, Buildings and Improvements	6,579
Costs Capitalized Subsequent to Acquisition, Carrying Costs	20
Carrying Amount, Land	3,946
Carrying Amount, Buildings and Improvements	6,599
Carrying Amount, Total	10,545
Accumulated Depreciation	167
Date Acquired	29-May-14
Lovejoy Village [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	1,296
Initial Cost, Buildings and Improvements	7,029
Costs Capitalized Subsequent to Acquisition, Carrying Costs	104
Carrying Amount, Land	1,321
Carrying Amount, Buildings and Improvements	7,108
Carrying Amount, Total	8,429
Accumulated Depreciation	175
Date Acquired	3-Jun-14
The Orchards [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	5,425
Initial Cost, Buildings and Improvements	8,743
Costs Capitalized Subsequent to Acquisition, Carrying Costs	51
Carrying Amount, Land	5,444
Carrying Amount, Buildings and Improvements	8,775
Carrying Amount, Total	14,219
Accumulated Depreciation	238
Date Acquired	3-Jun-14
Hannaford [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	4,614
Initial Cost, Buildings and Improvements	7,903
Costs Capitalized Subsequent to Acquisition, Carrying Costs	49
Carrying Amount, Land	4,654
Carrying Amount, Buildings and Improvements	7,912
Carrying Amount, Total	12,566
Accumulated Depreciation	161
Date Acquired	23-Jun-14
Shaw's Plaza Easton [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	5,520
Initial Cost, Buildings and Improvements	7,173
Costs Capitalized Subsequent to Acquisition, Carrying Costs	78
Carrying Amount, Land	5,560
Carrying Amount, Buildings and Improvements	7,211
Carrying Amount, Total	12,771
Accumulated Depreciation	182
Date Acquired	23-Jun-14
Shaw's Plaza Hanover [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,826
Initial Cost, Buildings and Improvements	5,314
Costs Capitalized Subsequent to Acquisition, Carrying Costs	9
Carrying Amount, Land	2,825
Carrying Amount, Buildings and Improvements	5,324
Carrying Amount, Total	8,149
Accumulated Depreciation	122
Date Acquired	23-Jun-14
Cushing Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	5,752
Initial Cost, Buildings and Improvements	14,796
Costs Capitalized Subsequent to Acquisition, Carrying Costs	64
Carrying Amount, Land	5,793
Carrying Amount, Buildings and Improvements	14,819
Carrying Amount, Total	20,612
Accumulated Depreciation	293
Date Acquired	23-Jun-14
Lynnwood Place [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	3,341
Initial Cost, Buildings and Improvements	4,826
Costs Capitalized Subsequent to Acquisition, Carrying Costs	781
Carrying Amount, Land	3,391
Carrying Amount, Buildings and Improvements	5,557
Carrying Amount, Total	8,948
Accumulated Depreciation	122
Date Acquired	28-Jul-14
Foothills Shopping Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	1,479
Initial Cost, Buildings and Improvements	2,611
Costs Capitalized Subsequent to Acquisition, Carrying Costs	200
Carrying Amount, Land	1,641
Carrying Amount, Buildings and Improvements	2,649
Carrying Amount, Total	4,290
Accumulated Depreciation	61
Date Acquired	31-Jul-14
Battle Ridge Pavilion [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	3,124
Initial Cost, Buildings and Improvements	9,866
Costs Capitalized Subsequent to Acquisition, Carrying Costs	79
Carrying Amount, Land	3,177
Carrying Amount, Buildings and Improvements	9,892
Carrying Amount, Total	13,069
Accumulated Depreciation	188
Date Acquired	1-Aug-14
Thompson Valley Towne Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	7,271
Initial Cost, Land and Improvements	4,415
Initial Cost, Buildings and Improvements	15,947
Costs Capitalized Subsequent to Acquisition, Carrying Costs	337
Carrying Amount, Land	4,440
Carrying Amount, Buildings and Improvements	16,259
Carrying Amount, Total	20,699
Accumulated Depreciation	299
Date Acquired	1-Aug-14
Lumina Commons [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	9,241
Initial Cost, Land and Improvements	2,006
Initial Cost, Buildings and Improvements	11,250
Costs Capitalized Subsequent to Acquisition, Carrying Costs	69
Carrying Amount, Land	2,038
Carrying Amount, Buildings and Improvements	11,287
Carrying Amount, Total	13,325
Accumulated Depreciation	183
Date Acquired	4-Aug-14
Driftwood Village [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	17,000
Initial Cost, Land and Improvements	6,811
Initial Cost, Buildings and Improvements	12,993
Costs Capitalized Subsequent to Acquisition, Carrying Costs	134
Carrying Amount, Land	6,835
Carrying Amount, Buildings and Improvements	13,103
Carrying Amount, Total	19,938
Accumulated Depreciation	253
Date Acquired	7-Aug-14
French Golden Gate [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	3,558
Initial Cost, Land and Improvements	2,599
Initial Cost, Buildings and Improvements	12,877
Costs Capitalized Subsequent to Acquisition, Carrying Costs	180
Carrying Amount, Land	2,615
Carrying Amount, Buildings and Improvements	13,041
Carrying Amount, Total	15,656
Accumulated Depreciation	165
Date Acquired	28-Aug-14
Orchard Square [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	7,076
Initial Cost, Land and Improvements	1,361
Initial Cost, Buildings and Improvements	11,550
Costs Capitalized Subsequent to Acquisition, Carrying Costs	68
Carrying Amount, Land	1,361
Carrying Amount, Buildings and Improvements	11,618
Carrying Amount, Total	12,979
Accumulated Depreciation	170
Date Acquired	8-Sep-14
Trader Joe's Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,338
Initial Cost, Buildings and Improvements	7,922
Costs Capitalized Subsequent to Acquisition, Carrying Costs	32
Carrying Amount, Land	2,371
Carrying Amount, Buildings and Improvements	7,921
Carrying Amount, Total	10,292
Accumulated Depreciation	124
Date Acquired	11-Sep-14
Palmetto Pavilion [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,509
Initial Cost, Buildings and Improvements	8,526
Costs Capitalized Subsequent to Acquisition, Carrying Costs	234
Carrying Amount, Land	2,724
Carrying Amount, Buildings and Improvements	8,545
Carrying Amount, Total	11,269
Accumulated Depreciation	121
Date Acquired	11-Sep-14
Five Town Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	8,912
Initial Cost, Buildings and Improvements	19,635
Costs Capitalized Subsequent to Acquisition, Carrying Costs	68
Carrying Amount, Land	8,919
Carrying Amount, Buildings and Improvements	19,696
Carrying Amount, Total	28,615
Accumulated Depreciation	265
Date Acquired	24-Sep-14
Beavercreek Towne Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	14,055
Initial Cost, Buildings and Improvements	30,799
Costs Capitalized Subsequent to Acquisition, Carrying Costs	926
Carrying Amount, Land	14,055
Carrying Amount, Buildings and Improvements	31,725
Carrying Amount, Total	45,780
Accumulated Depreciation	267
Date Acquired	24-Oct-14
Fairfield Crossing [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	3,571
Initial Cost, Buildings and Improvements	10,026
Costs Capitalized Subsequent to Acquisition, Carrying Costs	0
Carrying Amount, Land	3,571
Carrying Amount, Buildings and Improvements	10,026
Carrying Amount, Total	13,597
Accumulated Depreciation	77
Date Acquired	24-Oct-14
Grayson Village [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	3,952
Initial Cost, Buildings and Improvements	5,620
Costs Capitalized Subsequent to Acquisition, Carrying Costs	26
Carrying Amount, Land	3,952
Carrying Amount, Buildings and Improvements	5,646
Carrying Amount, Total	9,598
Accumulated Depreciation	66
Date Acquired	24-Oct-14
The Fresh Market Commons [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,442
Initial Cost, Buildings and Improvements	4,941
Costs Capitalized Subsequent to Acquisition, Carrying Costs	0
Carrying Amount, Land	2,442
Carrying Amount, Buildings and Improvements	4,941
Carrying Amount, Total	7,383
Accumulated Depreciation	40
Date Acquired	28-Oct-14
Claremont Village [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	5,511
Initial Cost, Buildings and Improvements	10,544
Costs Capitalized Subsequent to Acquisition, Carrying Costs	0
Carrying Amount, Land	5,511
Carrying Amount, Buildings and Improvements	10,544
Carrying Amount, Total	16,055
Accumulated Depreciation	83
Date Acquired	6-Nov-14
Juan Tabo Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	2,466
Initial Cost, Buildings and Improvements	4,568
Costs Capitalized Subsequent to Acquisition, Carrying Costs	56
Carrying Amount, Land	2,493
Carrying Amount, Buildings and Improvements	4,597
Carrying Amount, Total	7,090
Accumulated Depreciation	47
Date Acquired	12-Nov-14
Cherry Hill Marketplace [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	4,641
Costs Capitalized Subsequent to Acquisition, Carrying Costs	0
Carrying Amount, Land	4,641
Carrying Amount, Buildings and Improvements	10,139
Carrying Amount, Total	14,780
Accumulated Depreciation	0
Date Acquired	17-Dec-14
The Shoppes at Ardrey Kell [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost, Land and Improvements	6,724
Costs Capitalized Subsequent to Acquisition, Carrying Costs	0
Carrying Amount, Land	6,724
Carrying Amount, Buildings and Improvements	8,152
Carrying Amount, Total	14,876
Accumulated Depreciation	$0
Date Acquired	17-Dec-14

Schedule_III_Real_Estate_Asset2

Schedule III - Real Estate Assets and Accumulated Depreciation (Details) - Schedule III - Reconciliation of Real Estate Owned (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at January 1	$1,136,074	$291,175
Real estate acquisitions	834,069	837,881
Net additions to/improvements of real estate	17,080	7,018
Real estate dispositions	-6,589	0
Balance at December 31	$1,980,634	$1,136,074

Schedule_III_Real_Estate_Asset3

Schedule III - Real Estate Assets and Accumulated Depreciation (Details) - Schedule III - Reconciliation of Accumulated Depreciation (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at January 1	$29,538	$7,317
Depreciation expense	53,657	22,221
Accumulated depreciation of real estate dispositions	-145	0
Balance at December 31	$83,050	$29,538