STAG Industrial (STAG) 10-K 26 Feb 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2013	Feb. 24, 2014	Jun. 28, 2013
Document and Entity Information	'	'	'
Entity Registrant Name	'STAG Industrial, Inc.	'	'
Entity Central Index Key	'0001479094	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Well-known Seasoned Issuer	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Large Accelerated Filer	'	'
Entity Public Float	'	'	$836.90
Entity Common Stock, Shares Outstanding	'	45,101,276	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Rental Property:	'	'
Land	$134,399	$104,656
Buildings	871,422	654,518
Tenant improvements	36,994	34,900
Building and land improvements	36,231	22,153
Less: accumulated depreciation	-71,653	-46,175
Total rental property, net	1,007,393	770,052
Cash and cash equivalents	6,690	19,006
Restricted cash	6,806	5,497
Tenant accounts receivable, net	13,790	9,351
Prepaid expenses and other assets	2,594	1,556
Interest rate swaps	3,924	'
Deferred financing fees, net	5,467	4,704
Leasing commissions, net	3,542	1,674
Goodwill	4,923	4,923
Due from related parties	185	806
Deferred leasing intangibles, net	214,967	187,555
Total assets	1,270,281	1,005,124
Liabilities:	'	'
Mortgage notes payable	225,591	229,915
Unsecured credit facility	80,500	99,300
Unsecured term loans	250,000	150,000
Accounts payable, accrued expenses and other liabilities	18,574	12,111
Interest rate swaps	'	480
Tenant prepaid rent and security deposits	8,972	5,686
Dividends and distributions payable	5,166	11,301
Total liabilities	595,717	515,664
Commitments and contingencies	'	'
Equity:	'	'
Common stock, par value $0.01 per share, 100,000,000 shares authorized, 44,764,377 and 35,698,582 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively	447	357
Additional paid-in capital	577,039	419,643
Common stock dividends in excess of earnings	-116,877	-61,024
Accumulated other comprehensive income (loss)	3,440	-371
Total stockholders' equity	603,049	427,605
Noncontrolling interest	71,515	61,855
Total equity	674,564	489,460
Total liabilities and equity	1,270,281	1,005,124
Series A Preferred Stock	'	'
Equity:	'	'
Preferred stock	69,000	69,000
Series B Preferred Stock	'	'
Equity:	'	'
Preferred stock	$70,000	'

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
			Series A Preferred Stock	Series A Preferred Stock	Series B Preferred Stock	Series B Preferred Stock
Preferred stock, par value (in dollars per share)	'	'	$0.01	$0.01	$0.01	$0.01
Preferred stock, shares authorized	'	'	10,000,000	10,000,000	10,000,000	10,000,000
Preferred stock, liquidation preference (in dollars per share)	'	'	$25	$25	$25	$25
Preferred stock, shares issued	'	'	2,760,000	2,760,000	2,800,000	'
Preferred stock, shares outstanding	'	'	2,760,000	2,760,000	2,800,000	'
Common stock, par value (in dollars per share)	$0.01	$0.01	'	'	'	'
Common stock, shares authorized	100,000,000	100,000,000	'	'	'	'
Common stock, shares issued	44,764,377	35,698,582	'	'	'	'
Common stock, shares outstanding	44,764,377	35,698,582	'	'	'	'

Consolidated_and_Combined_Stat

Consolidated and Combined Statements of Operations (USD $)	9 Months Ended	12 Months Ended		3 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Apr. 19, 2011
				STAG Predecessor Group
Revenue	'	'	'	'
Rental income	$35,749	$116,344	$73,977	$6,489
Tenant recoveries	4,453	16,349	8,763	1,218
Other income	914	1,200	1,312	'
Total revenue	41,116	133,893	84,052	7,707
Expenses	'	'	'	'
Property	3,583	10,634	5,983	1,194
General and administrative	8,365	17,840	14,549	322
Real estate taxes and insurance	3,597	13,376	6,858	873
Asset management fees	'	'	'	162
Property acquisition costs	1,088	3,427	4,218	'
Depreciation and amortization	21,325	67,556	42,427	2,345
Loss on impairment	'	'	622	'
Other expenses	294	621	339	'
Total expenses	38,252	113,454	74,996	4,896
Other income (expense)	'	'	'	'
Interest income	28	13	19	1
Interest expense	-11,829	-20,319	-16,110	-3,825
Gain on interest rate swaps	2,179	'	215	762
Formation transaction costs	-3,674	'	'	'
Offering costs	-78	-27	-68	'
Loss on extinguishment of debt	'	'	-929	'
Total other income (expense)	-13,374	-20,333	-16,873	-3,062
Net income (loss) from continuing operations	-10,510	106	-7,817	-251
Discontinued operations	'	'	'	'
Income (loss) attributable to discontinued operations	954	-509	1,337	22
Loss on impairment attributable to discontinued operations	'	'	-3,941	'
Gain on sales of real estate	329	5,305	222	'
Total income (loss) attributable to discontinued operations	1,283	4,796	-2,382	22
Net income (loss)	-9,227	4,902	-10,199	-229
Less: loss attributable to noncontrolling interest after preferred stock dividends	-3,396	-620	-3,720	'
Net income (loss) attributable to STAG Industrial, Inc.	-5,831	5,522	-6,479	'
Less: preferred stock dividends	1,018	9,495	6,210	'
Less: amount allocated to unvested restricted stockholders	'	262	122	'
Net loss attributable to common stockholders	($6,849)	($4,235)	($12,811)	'
Weighted average common shares outstanding - basic and diluted (in shares)	15,630,910	42,364,125	25,046,664	'
Loss per share - basic and diluted	'	'	'	'
Loss from continuing operations attributable to common stockholders (in dollars per share)	($0.49)	($0.20)	($0.44)	'
Income (loss) from discontinued operations attributable to common stockholders (in dollars per share)	$0.05	$0.10	($0.07)	'
Loss per share - basic and diluted (in dollars per share)	($0.44)	($0.10)	($0.51)	'

Consolidated_and_Combined_Stat1

Consolidated and Combined Statements of Comprehensive Income (Loss) (USD $)	9 Months Ended	12 Months Ended		3 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Apr. 19, 2011
				STAG Predecessor Group
Net income (loss)	($9,227)	$4,902	($10,199)	($229)
Other comprehensive income (loss):	'	'	'	'
Unrealized gain (loss) on interest rate swaps	'	4,405	-480	'
Other comprehensive income (loss)	'	4,405	-480	'
Comprehensive income (loss)	-9,227	9,307	-10,679	-229
Net loss attributable to noncontrolling interest after preferred stock dividends	3,396	620	3,720	'
Other comprehensive (income) loss attributable to noncontrolling interest	'	-594	109	'
Comprehensive income (loss) attributable to STAG Industrial, Inc.	($5,831)	$9,333	($6,850)	($229)

Consolidated_and_Combined_Stat2

Consolidated and Combined Statements of Equity (USD $)

Total

Series A Preferred Stock

Series B Preferred Stock

Total Stockholders' Equity

Total Stockholders' Equity

Total Stockholders' Equity

Preferred Stock

Preferred Stock

Preferred Stock

Common Shares

Additional Paid-in Capital

Common Stock Dividends in excess of Earnings

Predecessor's Owner's Deficit

Accumulated Other Comprehensive Income (Loss)

Noncontrolling Interest - Unit holders in Operating Partnership

STAG Predecessor Group

STAG Predecessor Group

STAG Predecessor Group

In Thousands, except Share data, unless otherwise specified

Series A Preferred Stock

Series B Preferred Stock

Series A Preferred Stock

Series B Preferred Stock

Total Stockholders' Equity

Predecessor's Owner's Deficit

Balance at Dec. 31, 2010

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

($8,336)

($8,336)

($8,336)

Increase (Decrease) in Stockholders' Equity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Contributions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,420

4,420

4,420

Distributions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-9,900

-9,900

-9,900

Net income (loss)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-229

-229

-229

Balance at Apr. 19, 2011

-14,043

'

'

-14,043

'

'

'

'

'

'

2

'

-14,045

'

'

-14,045

-14,045

-14,045

Balance (in shares) at Apr. 19, 2011

'

'

'

'

'

'

'

'

'

110

'

'

'

'

'

'

'

'

Balance at Apr. 20, 2011

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Increase (Decrease) in Stockholders' Equity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from sales of common stock

205,563

'

'

205,563

'

'

'

'

'

158

205,405

'

'

'

'

'

'

'

Proceeds from sales of common stock (in shares)

'

'

'

'

'

'

'

'

'

15,812,500

'

'

'

'

'

'

'

'

Issuance of preferred stock

'

69,000

'

'

69,000

'

'

69,000

'

'

'

'

'

'

'

'

'

'

Offering costs

-19,537

'

'

-19,537

'

'

'

'

'

'

-19,537

'

'

'

'

'

'

'

Issuance of restricted stock, net

'

'

'

'

'

'

'

'

'

1

-1

'

'

'

'

'

'

'

Issuance of restricted stock, net (in shares)

'

'

'

'

'

'

'

'

'

80,809

'

'

'

'

'

'

'

'

Issuance of common stock (in shares)

'

'

'

'

'

'

'

'

'

8,251

'

'

'

'

'

'

'

'

Dividends and distributions, net

-18,208

'

'

-12,554

'

'

-1,018

'

'

'

'

-11,536

'

'

-5,654

'

'

'

Non-cash compensation

693

'

'

342

'

'

'

'

'

'

342

'

'

'

351

'

'

'

Issuance of units for acquisition of properties

95,670

'

'

'

'

'

'

'

'

'

'

'

'

'

95,670

'

'

'

Rebalancing of noncontrolling interest

'

'

'

-6,290

'

'

'

'

'

'

-6,290

'

'

'

6,290

'

'

'

Redemption of initial capitalization of STAG Industrial, Inc.

-2

'

'

-2

'

'

'

'

'

'

-2

'

'

'

'

'

'

'

Redemption of initial capitalization of STAG Industrial, Inc. (in shares)

'

'

'

'

'

'

'

'

'

-110

'

'

'

'

'

'

'

'

Exchange of owners' equity for units

'

'

'

14,045

'

'

'

'

'

'

'

'

14,045

'

-14,045

'

'

'

Net income (loss)

-9,227

'

'

-5,831

'

'

1,018

'

'

'

'

-6,849

'

'

-3,396

'

'

'

Balance at Dec. 31, 2011

309,909

'

'

230,693

'

'

69,000

'

'

159

179,919

-18,385

'

'

79,216

'

'

'

Balance (in shares) at Dec. 31, 2011

'

'

'

'

'

'

'

'

'

15,901,560

'

'

'

'

'

'

'

'

Increase (Decrease) in Stockholders' Equity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from sales of common stock

242,947

'

'

242,947

'

'

'

'

'

179

242,768

'

'

'

'

'

'

'

Proceeds from sales of common stock (in shares)

'

'

'

'

'

'

'

'

'

17,835,500

'

'

'

'

'

'

'

'

Offering costs

-11,136

'

'

-11,136

'

'

'

'

'

'

-11,136

'

'

'

'

'

'

'

Issuance of restricted stock, net

'

'

'

'

'

'

'

'

'

1

-1

'

'

'

'

'

'

'

Issuance of restricted stock, net (in shares)

'

'

'

'

'

'

'

'

'

87,025

'

'

'

'

'

'

'

'

Issuance of common stock (in shares)

'

'

'

'

'

'

'

'

'

12,666

'

'

'

'

'

'

'

'

Dividends and distributions, net

-43,747

'

'

-36,160

'

'

-6,210

'

'

'

'

-29,950

'

'

-7,587

'

'

'

Non-cash compensation

1,941

'

'

993

'

'

'

'

'

'

993

'

'

'

948

'

'

'

Issuance of units for acquisition fee

225

'

'

'

'

'

'

'

'

'

'

'

'

'

225

'

'

'

Conversion of operating partnership units to common stock

'

'

'

18,615

'

'

'

'

'

18

18,597

'

'

'

-18,615

'

'

'

Conversion of operating partnership units to common stock (in shares)

'

'

'

'

'

'

'

'

'

1,861,831

'

'

'

'

'

'

'

'

Rebalancing of noncontrolling interest

'

'

'

-11,497

'

'

'

'

'

'

-11,497

'

'

'

11,497

'

'

'

Other comprehensive income (loss)

-480

'

'

-371

'

'

'

'

'

'

'

'

'

-371

-109

'

'

'

Net income (loss)

-10,199

'

'

-6,479

'

'

6,210

'

'

'

'

-12,689

'

'

-3,720

'

'

'

Balance at Dec. 31, 2012

489,460

'

'

427,605

'

'

69,000

'

'

357

419,643

-61,024

'

-371

61,855

'

'

'

Balance (in shares) at Dec. 31, 2012

'

'

'

'

'

'

'

'

'

35,698,582

'

'

'

'

'

'

'

'

Increase (Decrease) in Stockholders' Equity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from sales of common stock

169,747

'

'

169,747

'

'

'

'

'

89

169,658

'

'

'

'

'

'

'

Proceeds from sales of common stock (in shares)

'

'

'

'

'

'

'

'

'

8,956,844

'

'

'

'

'

'

'

'

Issuance of preferred stock

'

'

70,000

'

'

70,000

'

'

70,000

'

'

'

'

'

'

'

'

'

Offering costs

-8,713

'

'

-8,713

'

'

'

'

'

'

-8,713

'

'

'

'

'

'

'

Issuance of restricted stock, net

'

'

'

'

'

'

'

'

'

1

-1

'

'

'

'

'

'

'

Issuance of restricted stock, net (in shares)

'

'

'

'

'

'

'

'

'

96,287

'

'

'

'

'

'

'

'

Issuance of common stock (in shares)

'

'

'

'

'

'

'

'

'

10,478

'

'

'

'

'

'

'

'

Dividends and distributions, net

-69,705

'

'

-61,375

'

'

-9,495

'

'

'

'

-51,880

'

'

-8,330

'

'

'

Non-cash compensation

2,969

'

'

1,360

'

'

'

'

'

'

1,360

'

'

'

1,609

'

'

'

Issuance of units for acquisition of properties

11,499

'

'

'

'

'

'

'

'

'

'

'

'

'

11,499

'

'

'

Conversion of operating partnership units to common stock

'

'

'

23

'

'

'

'

'

'

23

'

'

'

-23

'

'

'

Conversion of operating partnership units to common stock (in shares)

'

'

'

'

'

'

'

'

'

2,186

'

'

'

'

'

'

'

'

Rebalancing of noncontrolling interest

'

'

'

-4,931

'

'

'

'

'

'

-4,931

'

'

'

4,931

'

'

'

Other comprehensive income (loss)

4,405

'

'

3,811

'

'

'

'

'

'

'

'

'

3,811

594

'

'

'

Net income (loss)

4,902

'

'

5,522

'

'

9,495

'

'

'

'

-3,973

'

'

-620

'

'

'

Balance at Dec. 31, 2013

$674,564

'

'

$603,049

'

'

$139,000

'

'

$447

$577,039

($116,877)

'

$3,440

$71,515

'

'

'

Balance (in shares) at Dec. 31, 2013

'

'

'

'

'

'

'

'

'

44,764,377

'

'

'

'

'

'

'

'

Consolidated_and_Combined_Stat3

Consolidated and Combined Statements of Cash Flows (USD $)	9 Months Ended	12 Months Ended		3 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Apr. 19, 2011
				STAG Predecessor Group
Cash flows from operating activities:	'	'	'	'
Net income (loss)	($9,227)	$4,902	($10,199)	($229)
Adjustment to reconcile net income (loss) to net cash provided by operating activities:	'	'	'	'
Depreciation and amortization	22,794	70,597	43,473	2,459
Loss on impairment	'	'	4,563	'
Non-cash portion of interest expense	737	1,081	957	31
Intangible amortization in rental income, net	2,776	6,544	4,837	-2
Straight-line rent adjustments, net	-1,036	-2,941	-2,796	-16
Gain on interest rate swaps	-2,179	'	-215	-762
Loss on extinguishment of debt	'	'	929	'
Gain on sales of real estate	-329	-5,305	-222	'
Non-cash compensation expense	693	2,970	1,936	'
Issuance of units for acquisition fee	'	'	225	'
Change in assets and liabilities:	'	'	'	'
Tenant accounts receivable, net	-695	-1,515	-1,497	88
Leasing commissions, net	-877	-2,456	-1,020	-24
Restricted cash	-124	-201	-137	'
Prepaid expenses and other assets	-207	-939	-799	-87
Accounts payable, accrued expenses and other liabilities	1,503	6,043	6,174	106
Tenant prepaid rent and security deposits	783	3,286	2,208	169
Due from related parties	'	621	-406	-141
Due to related parties	54	'	'	767
Total adjustments	23,893	77,785	58,210	2,588
Net cash provided by operating activities	14,666	82,687	48,011	2,359
Cash flows from investing activities:	'	'	'	'
Additions of land and building improvements	-80,191	-261,208	-325,820	-39
Proceeds from sales of rental property, net	4,507	14,181	7,221	'
Restricted cash	-1,561	-1,108	1,251	-542
Cash paid for contributed assets, net	-2,159	'	'	'
Cash paid for deal deposits, net	-130	-150	550	'
Additions to lease intangibles	-34,924	-76,946	-100,405	'
Net cash used in investing activities	-114,458	-325,231	-417,203	-581
Cash flows from financing activities:	'	'	'	'
Proceeds from the issuance of common stock at initial public offering	205,563	'	'	'
Offering cost related to issuance of common stock	-17,042	'	'	'
Redemption of initial capitalization of STAG Industrial, Inc. shares	-2	'	'	'
Offering costs related to issuance of preferred stock	-2,495	'	'	'
Proceeds from notes payable to related parties	'	'	'	789
Repayment of notes payable to related parties	-10,366	'	'	'
Proceeds from credit facility	34,500	'	124,300	'
Repayment of credit facility	-34,500	'	-124,300	'
Proceeds from unsecured credit facility	'	158,500	215,300	'
Repayment of unsecured credit facility	'	-177,300	-116,000	'
Proceeds from unsecured term loans	'	100,000	150,000	'
Proceeds from mortgage notes payable	48,339	'	78,067	'
Repayment of mortgage notes payable	-160,645	-4,219	-144,753	-1,180
Termination of swap contracts	-894	'	'	'
Payment of loan fees and costs	-3,397	-1,949	-4,119	'
Dividends and distributions	-12,048	-75,838	-38,606	-2,679
Proceeds from sales of common stock	'	169,747	242,947	'
Offering costs	'	-8,713	-11,136	'
Net cash provided by (used in) financing activities	116,013	230,228	371,700	-3,070
Increase (decrease) in cash and cash equivalents	16,221	-12,316	2,508	-1,292
Cash and cash equivalents-beginning of period	277	19,006	16,498	1,567
Cash and cash equivalents-end of period	$16,498	$6,690	$19,006	$275

Organization_and_Description_o

Organization and Description of Business	12 Months Ended
	Dec. 31, 2013
Organization and Description of Business	'
Organization and Description of Business	'
	1. Organization and Description of Business
	STAG Industrial, Inc. (the "Company") is a fully-integrated, full-service real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States. The Company was formed as a Maryland corporation on July 21, 2010 and elected to be taxed as a real estate investment trust ("REIT") under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the "Code") commencing with its 2011 tax year. The Company is structured as an umbrella partnership REIT, commonly called an UPREIT, and owns substantially all of its assets and conducts substantially all of its business through its operating partnership, STAG Industrial Operating Partnership, L.P., a Delaware limited partnership (the "Operating Partnership"). The Company intends to continue to qualify as a REIT. As of December 31, 2013 and December 31, 2012, the Company owned an 86.65% and 85.29%, respectively, limited partnership interest in the Operating Partnership. As used herein, the "Company" refers to STAG Industrial, Inc. and its consolidated subsidiaries and partnerships except where context otherwise requires.
	As of December 31, 2013, the Company owned 209 buildings in 34 states with approximately 38.1 million rentable square feet (square feet unaudited herein and throughout Notes), consisting of 142 warehouse/distribution buildings, 47 light manufacturing buildings and 20 flex/office buildings. The Company also owned one vacant land parcel adjacent to one of the Company's buildings. The Company's properties were 95.6% leased to 191 tenants as of December 31, 2013.
	The Company's "predecessor" for accounting purposes is STAG Predecessor Group (or "Predecessor"), which is not a legal entity, but a collection of the real estate entities that were owned by STAG Investments III, LLC prior to the Company's initial public offering in April 2011 (the "IPO"). The financial information contained in this report that relates to the time periods on or prior to April 19, 2011 is the Predecessor's financial information; the financial information contained in this report for any time period on or after April 20, 2011 is the Company's financial information. The Company did not have any operating activity before April 20, 2011 and, as a result of the Company's IPO and related Formation Transactions (as defined below), is substantially different from STAG Predecessor Group.
	On April 20, 2011, concurrent with the IPO, the members of limited liability companies affiliated with the Company (collectively, the "Participants") that held direct or indirect interests in their real estate properties elected to take limited partnership units in the Operating Partnership ("Common Units") in exchange for the contribution of their properties to the Company.
	On April 20, 2011, in connection with the IPO, the following formation transactions ("Formation Transactions") were completed:
	•
	The Company issued 13,750,000 shares of its common stock for $13.00 per share.
	•
	The Company acquired certain assets and related debt of STAG Predecessor Group and of the Participants. In exchange for such assets and related debt, STAG Predecessor Group and the Participants were issued a total of 7,590,000 Common Units of the Operating Partnership, with an aggregate value of approximately $98.7 million.
	•
	The Company closed a loan agreement for a secured corporate revolving credit facility (the "Credit Facility") of up to $100 million with Bank of America, N.A. as administrative agent and Merrill Lynch, Pierce, Fenner & Smith Incorporated as lead arranger.
	•
	The net proceeds of the IPO, together with borrowings in the amount of approximately $11.0 million under the Credit Facility, repaid approximately $164.7 million in certain outstanding indebtedness (including $2.5 million of direct costs associated with the obtaining and retiring of indebtedness and the termination of interest rate swaps) and $0.3 million to pay transfer taxes and other fees.
	At the time of the Formation Transactions, there were three vacant properties owned by STAG Investments III, LLC ("Fund III") and not contributed to the Company in the Formation Transactions (the "Option Properties"). Upon approval of the Company's independent directors, the Company had the right to acquire any of the Option Properties individually for a period of up to three months after notification that the property has stabilized, defined as 85% or greater occupancy pursuant to leases at least two years in remaining duration. The right to acquire any of the Option Properties would have expired 5 years from the date of the Formation Transactions. During the years ended December 31, 2013 and December 31, 2012, Fund III sold the Option Properties to independent buyers. As of December 31, 2013, there were no remaining Option Properties owned by Fund III.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2013
Summary of Significant Accounting Policies	'
Summary of Significant Accounting Policies	'
	2. Summary of Significant Accounting Policies
	Basis of Presentation
	The Company's consolidated financial statements include the accounts of the Company, the Operating Partnership and their subsidiaries. The equity interests of other limited partners in the Operating Partnership are reflected as noncontrolling interest. The combined financial statements of STAG Predecessor Group include the accounts of STAG Predecessor Group and all entities in which STAG Predecessor Group had a controlling interest. All significant intercompany balances and transactions have been eliminated in the consolidation and combination of entities. The financial statements of the Company are presented on a consolidated basis, for all periods presented and comprise the consolidated historical financial statements of the transferred collection of real estate entities and holdings, upon the IPO. The combined financial information presented for periods on or prior to April 19, 2011 relate solely to STAG Predecessor Group. The financial statements for the periods after April 19, 2011 include the financial information of the Company, the Operating Partnership and their subsidiaries. Where the "Company" is referenced in comparisons of financial results for any date prior to and including April 19, 2011, the financial information for such period relates solely to STAG Predecessor Group, notwithstanding "Company" being the reference.
	Consolidated and Combined Statements of Cash Flows—Supplemental Disclosures
	The following table provides supplemental disclosures related to the Consolidated and Combined Statements of Cash Flows (in thousands):
		STAG			STAG			STAG			STAG
		Industrial, Inc.			Industrial, Inc.			Industrial, Inc.			Predecessor
		Year ended			Year ended			Period from			Group
		December 31,			December 31,			April 20, 2011			Period from
		2013			2012			to			January 1, 2011
								December 31,			to
								2011			April 19, 2011
	Supplemental cash flow information
	Cash paid for interest	$	19,272		$	15,044		$	11,445		$	2,433
	Supplemental schedule of non-cash investing and financing activities
	Acquisition of tangible assets	$	—		$	—		$	(215,890	)	$	—
	Acquisition of goodwill upon Formation Transactions	$	—		$	—		$	(4,923	)	$	—
	Acquisition of intangible assets upon Formation Transactions	$	—		$	—		$	(83,442	)	$	—
	Assumption of mortgage notes payable	$	—		$	—		$	(201,789	)	$	—
	Fair market value adjustment to mortgage notes payable acquired	$	—		$	—		$	(675	)	$	—
	Assumption of related party notes payable upon Formation Transactions	$	—		$	—		$	4,466		$	—
	Acquisition of intangible liabilities upon Formation Transactions	$	—		$	—		$	1,066		$	—
	Acquisition of interest rate swaps upon Formation Transactions included in the purchase price allocation	$	—		$	—		$	420		$	—
	Acquisition of other liabilities upon Formation Transactions	$	—		$	—		$	171		$	—
	Issuance of units for acquisition of net assets upon Formation Transactions	$	—		$	—		$	95,670		$	—
	Disposition of accrued lender fees upon Formation Transactions	$	—		$	—		$	—		$	4,420
	Assumption of bridge loan for Option Properties upon Formation Transactions	$	—		$	—		$	—		$	(4,750	)
	Assumption of note payable to related party for Option Properties upon Formation Transactions	$	—		$	—		$	—		$	(727	)
	Assumption of interest rate swaps to related party for Option Properties upon Formation Transactions	$	—		$	—		$	—		$	(352	)
	Non-cash investing activities included in additions of land and building improvements	$	(11,934	)	$	(440	)	$	(440	)	$	—
	Issuance of units for acquisitions of properties	$	11,499		$	—		$	—		$	—
	Write-off of fully depreciated tenant improvements	$	1,254		$	576		$	—		$	—
	Write-off of accumulated depreciation	$	1,254		$	576		$	—		$	—
	Dividends and distributions declared but not paid	$	5,166		$	11,301		$	6,160		$	—
	Accrued distribution upon Formation Transactions	$	—		$	—		$	—		$	(1,392	)
	Use of Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
	Real Estate and Deferred Lease Intangibles
	Real estate investments are carried at cost less accumulated depreciation and amortization. The cost of real estate includes the purchase price of the property and leasehold improvements. Expenditures for maintenance and repairs are expensed as incurred. Significant renovations and betterments that extend the economic useful lives of assets are capitalized.
	The Company evaluates the carrying value of all tangible and intangible real estate assets held for use for possible impairment when an event or change in circumstance has occurred that indicates their carrying value may not be recoverable. The evaluation includes estimating and reviewing anticipated future undiscounted cash flows to be derived from the asset and the ultimate sale of the asset. If such cash flows are less than the asset's carrying value, an impairment charge is recognized to the extent by which the asset's carrying value exceeds the estimated fair value. Estimating future cash flows is highly subjective and such estimates could differ from actual results.
	For properties considered held for sale, the Company ceases depreciating the properties and values the properties at the lower of depreciated cost or fair value, less costs to dispose. The Company classifies properties as held for sale when all criteria within the FASB's Accounting Standard Codification ("ASC") 360, Property, Plant and Equipment are met.
	The Company presents qualifying assets and liabilities and the results of operations that have been sold, or otherwise qualify as "held for sale," as discontinued operations in all periods presented if the property operations are expected to be eliminated and the Company will not have significant continuing involvement following the sale. The components of the property's net income (loss) are reflected as discontinued operations include operating results, depreciation and interest expense (if the property is subject to a secured loan).
	Expenditures for tenant improvements, leasehold improvements and leasing commissions are capitalized and amortized or depreciated over the shorter of their useful lives or the terms of each specific lease. Depreciation expense is computed using the straight-line method based on the following useful lives:
	Buildings	40 years
	Building and land improvements	5 - 20 years
	Tenant improvements	Shorter of useful life or terms of related lease
	The Company evaluates acquisitions to determine if the acquisition represents an asset acquisition or business combination, and the Company accounts for all business combinations in accordance with ASC 805, Business Combinations. Upon acquisition of a property, the Company allocates the purchase price of the property based upon the fair value of the assets and liabilities acquired, which generally consist of land, buildings, tenant improvements and intangible assets including in-place leases, above market and below market leases and tenant relationships, as well as the fair value of debt assumed. The Company allocates the purchase price to the fair value of the tangible assets of an acquired property by valuing the property as if it were vacant. Acquired above and below market leases are valued based on the present value of the difference between prevailing market rates and the in-place rates measured over a period equal to the remaining term of the lease for above market leases and the initial term plus the term of any below market fixed rate renewal options for below market leases that are considered bargain renewal options. The above market lease values are amortized as a reduction of rental income over the remaining term of the respective leases, and the below market lease values are amortized as an increase to rental income over the remaining initial terms plus the terms of any below market fixed rate renewal options that are considered bargain renewal options of the respective leases.
	The purchase price is further allocated to in-place lease values and tenant relationships based on the Company's evaluation of the specific characteristics of each tenant's lease and its overall relationship with the respective tenant. The value of in-place lease intangibles and tenant relationships, which are included as components of deferred leasing intangibles, are amortized over the remaining lease term (and expected renewal periods of the respective lease for tenant relationships) as adjustments to depreciation and amortization expense. If a tenant terminates its lease, the unamortized portion of leasing commissions, above and below market leases, the in-place lease value and tenant relationships are immediately written off.
	In determining the fair value of the debt assumed, the Company discounts the spread between the future contractual interest payments and hypothetical future interest payments on mortgage debt based on a current market rate. The associated fair market value debt adjustment is amortized through interest expense over the life of the debt.
	Using information available at the time of acquisition, the Company allocates the total consideration to tangible assets and liabilities and identified intangible assets and liabilities. The Company may adjust the preliminary purchase price allocations after obtaining more information about asset valuations and liabilities assumed.
	Cash and Cash Equivalents
	Cash and cash equivalents consist of cash and highly liquid short-term investments with original maturities of three months or less. The Company maintains cash and cash equivalents in United States banking institutions that may exceed amounts insured by the Federal Deposit Insurance Corporation. While the Company monitors the cash balances in its operating accounts, these cash balances could be impacted if the underlying financial institutions fail or are subject to other adverse conditions in the financial markets. To date, the Company has experienced no loss or lack of access to cash in its operating accounts.
	Restricted Cash
	Restricted cash may include security deposits and cash held in escrow for real estate taxes and capital improvements as required in various mortgage loan agreements. Restricted cash also may include amounts held by the Company's transfer agent for preferred stock dividends that are distributed subsequent to period end.
	Tenant Accounts Receivable, net
	Tenant accounts receivable, net on the Consolidated Balance Sheets includes both tenant accounts receivable, net and accrued rental income, net. The Company provides an allowance for doubtful accounts against the portion of tenant accounts receivable that is estimated to be uncollectible. As of December 31, 2013 and December 31, 2012, the Company had an allowance for doubtful accounts of $19 thousand and $0, respectively.
	The Company accrues rental revenue earned, but not yet receivable, in accordance with GAAP. As of December 31, 2013 and December 31, 2012, the Company had accrued rental revenue of $9.3 million and $6.4 million, respectively. The Company maintains an allowance for estimated losses that may result from those revenues. If a tenant fails to make contractual payments beyond any allowance, the Company may recognize additional bad debt expense in future periods equal to the amount of unpaid rent and accrued rental revenue. As of December 31, 2013 and December 31, 2012, the Company had an allowance on accrued rental revenue of $0 and $0, respectively.
	As of December 31, 2013 and December 31, 2012, the Company had a total of approximately $4.9 million and $4.8 million, respectively, of total lease security deposits available in existing letters of credit, which are not reflected on the Company's Consolidated Balance Sheets; and $3.0 million and $2.0 million, respectively, of lease security deposits available in cash.
	Deferred Costs
	Deferred financing fees include costs incurred in obtaining debt that are capitalized. The deferred financing fees are amortized to interest expense over the life of the respective loans on a basis which approximates the effective interest method. Any unamortized amounts upon early repayment of debt are written off in the period of repayment. For the year ended December 31, 2013, December 31, 2012, period April 20, 2011 through December 31, 2011 and the period January 1, 2011 through April 19, 2011 amortization of deferred financing fees included in interest expense was $1.2 million, $1.1 million, $0.8 million, and $31 thousand, respectively. Fully amortized deferred charges are removed from the books upon maturity of the underlying debt.
	Leasing commissions include commissions and other direct and incremental costs incurred to obtain new tenant leases as well as to renew existing tenant leases, which are capitalized and amortized over the terms of the related leases using the straight-line method. If a lease terminates prior to the expiration of its initial term, any unamortized costs related to the lease are written off to amortization expense. Changes in leasing commissions are presented in the cash flows from operating activities section of the Consolidated and Combined Statements of Cash Flows.
	Goodwill
	The excess of the cost of an acquired business over the net of the amounts assigned to assets acquired (including identified intangible assets) and liabilities assumed is recorded as goodwill. Goodwill of the Company represents amounts allocated to the assembled workforce from the acquired management company. The Company's goodwill has an indeterminate life and is not amortized, but is tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the asset might be impaired. The Company takes a qualitative approach to consider whether an impairment of goodwill exists prior to quantitatively determining the fair value of the reporting unit in step one of the impairment test.
Use of Derivative Financial Instruments
The Company follows ASC 815, Derivatives and Hedging for disclosure requirements for derivatives and hedging activities with the intent to provide users of financial statements with an enhanced understanding of: (a) how and why the Company uses derivative instruments, (b) how the Company accounts for derivative instruments and related hedged items, and (c) how derivative instruments and related hedged items affect the Company's financial position, financial performance, and cash flows. Further, qualitative disclosures are required that explain the Company's objectives and strategies for using derivatives, as well as quantitative disclosures about the fair value of and gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative instruments.
The Company records all derivatives on the Consolidated Balance Sheets at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risks, even though hedge accounting does not apply or the Company elects not to apply hedge accounting.
In accordance with the FASB's fair value measurement guidance, the Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting arrangements on a net basis by counterparty portfolio. Credit risk is the risk of failure of the counterparty to perform under the terms of the contract. The Company minimizes the credit risk in an interest rate swap by entering into transactions with high-quality counterparties. The Company's exposure to credit risk at any point is generally limited to amounts recorded as assets or liabilities on the Consolidated Balance Sheets.
Fair Value of Financial Instruments
Financial instruments include cash and cash equivalents, restricted cash, tenant accounts receivable, interest rate swaps, accounts payable, other accrued expenses, Unsecured Credit Facility (defined in Note 5), Unsecured Term Loans (defined in Note 5) and mortgage notes payable. The fair values of the cash and cash equivalents, restricted cash, tenant accounts receivable, accounts payable and other accrued expenses approximate their carrying or contract values because of the short term maturity of these instruments. See Note 5 for the fair values of the Company's debt. See Note 6 for the fair values of the Company's interest rate swaps.
The Company adopted the fair value measurement provisions for its financial instruments recorded at fair value. The guidance establishes a three-tier value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.
Offering Costs
Underwriting commissions and direct offering costs have been reflected as a reduction of additional paid-in capital. Indirect costs associated with equity offerings are expensed as incurred and included in Formation Transaction costs and offering costs on the accompanying Consolidated Statements of Operations.
Dividends
Earnings and profits, which determine the taxability of dividends to stockholders, will differ from income reported for financial reporting purposes due to the differences for federal income tax purposes in the treatment of gains on the sale of real property, revenue and expense recognition, compensation expense, and in the estimated useful lives and basis used to compute depreciation. During the years ended December 31, 2013, December 31, 2012, and the period from April 20, 2011 to December 31, 2011, $6.2 million ($2.25 per share of Series A Preferred Stock), $6.2 million ($2.25 per share of Series A Preferred Stock) and $1.0 million ($0.36875 per share of Series A Preferred Stock) of Series A Preferred Stock dividends were paid, respectively, that were treated as ordinary income for tax purposes. During the year ended December 31, 2013, $3.3 million ($1.173175 per share of Series B Preferred Stock) of Series B Preferred Stock dividends were paid that were treated as ordinary income for tax purposes. The tax treatment of common dividends per share for federal income tax purposes is as follows:
	Year ended						Year ended						Period from
	December 31,						December 31,						April 20,
	2013						2012						2011 to
													December 31,
													2011
	Per Share			%			Per Share			%			Per Share		%
Ordinary income	$	0.9723			71	%	$	0.634			59.8	%	$	0.3471		74.5	%
Return of capital		0.3703			27	%		0.426			40.2	%		0.1186		25.5	%
Unrecaptured section 1250 capital gain		0.0137			1	%		—			—			—		—
Other capital gain		0.0137			1	%		—			—			—		—
Total(1)	$	1.37			100	%	$	1.06			100	%	$	0.4657		100	%
-1
The fourth quarter 2012 common stock dividend of $0.27 per share was included in the stockholder's 2013 tax year. The December 2013 monthly common stock dividend of $0.10 per share will be included in the stockholder's 2014 tax year.
Revenue Recognition
All current leases are classified as operating leases and rental revenue is recognized on a straight-line basis over the term of the lease when collectability is reasonably assured. Differences between rental revenue earned and amounts due under the lease are charged or credited, as applicable, to accrued rental revenue. Additional rents from expense reimbursements for insurance, real estate taxes and certain other expenses are recognized in the period in which the related expenses are incurred.
Early lease termination fees are recorded in rental income on a straight-line basis from the notification date of such termination to the then remaining (not the original) lease term, if any, or upon collection if collection is not reasonably assured. On July 8, 2011, the Company entered into a lease termination agreement with the tenant of two facilities, one located in Youngstown, OH and the other in Bardstown, KY. The agreement provided that the Youngstown, OH lease terminated effective July 31, 2011 and required the tenant to pay a termination fee of $2.0 million. Of the termination fee paid, $0.2 million was a replenishment of a security deposit at the Bardstown, KY property, $45 thousand was applied to the outstanding accounts receivable, and the remaining amount of approximately $1.8 million was recognized as termination income and is included in rental income during the period April 20, 2011 to December 31, 2011. On October 18, 2013, the Company entered into a lease termination agreement with the tenant located at the Creedmoor, NC building. The agreement provided that the tenant's lease terminated effective October 31, 2013 and required the tenant to pay a termination fee of $2.5 million. The termination income is included in income (loss) attributable to discontinued operations on the accompanying Consolidated Statements of Operations as the property was sold on October 31, 2013 to an unaffiliated third party.
The Company earns revenue from asset management fees, which are included on the Consolidated Statements of Operations in other income. The Company recognizes revenue from asset management fees when the related fees are earned and are realized or realizable.
By the terms of their leases, certain tenants are obligated to pay directly the costs of their properties' insurance, real estate taxes, ground lease payments, and certain other expenses and these costs are not reflected on the Company's Consolidated and Combined Financial Statements. To the extent any tenant responsible for these costs under its respective lease defaults on its lease or it is deemed probable that the tenant will fail to pay for such costs, the Company would record a liability for such obligation. The Company estimates that real estate taxes, which are the responsibility of these certain tenants, was approximately $9.4 million for the year ended December 31, 2013, $6.9 million for the year ended December 31, 2012, $0.5 million for the period January 1, 2011 to April 19, 2011, $3.5 million for the period from April 20, 2011 to December 31, 2011. This would have been the maximum liability of the Company had the tenants not met their contractual obligations. The Company does not recognize recovery revenue related to leases where the tenant has assumed the cost for real estate taxes, insurance, ground lease payments and certain other expenses.
Gain on Sales of Real Estate
Gain on sale of real estate is recognized pursuant to the provisions included in ASC 360-20, Real Estate Sales. The specific timing of the sale is measured against various criteria in ASC 360-20 related to the terms of the transaction and continuing involvement in the form of management or financial assistance associated with the properties. If the sales criteria for the full accrual method are not met, the Company defers some or all of the gain recognition and accounts for the continued operations of the property by applying the finance, leasing, profit sharing, deposit, installment or cost recovery methods, as appropriate, until the sales criteria are met.
Incentive and Equity-Based Employee Compensation Plans
The Company grants equity-based compensation awards to its employees and directors typically in the form of restricted shares of common stock, long-term incentive plan units in the Operating Partnership ("LTIP units") and an outperformance program. See Notes 7, 8 and 14 for further discussion of restricted shares of common stock, LTIP units, and the outperformance program, respectively. The Company accounts for its equity-based employee compensation in accordance with ASC 718, Compensation—Stock Compensation. The Company measures equity-based compensation expense based on the fair value of the awards on the grant date and recognizes the expense ratably over the vesting period.
Income Taxes
Prior to the IPO, the Predecessor was comprised primarily of limited partnerships and limited liability companies. Under applicable federal and state income tax rules, the allocated share of net income or loss from the limited partnerships and limited liability companies was reportable in the income tax returns of the respective partners and members.
The Company elected to be taxed as a REIT under the Code commencing with its taxable year ended December 31, 2011 and intends to continue to qualify as a REIT. As a REIT, the Company is required to distribute at least 90% of its REIT taxable income to its stockholders and meet the various other requirements imposed by the Code relating to such matters as operating results, asset holdings, distribution levels and diversity of stock ownership. The Company is generally not subject to corporate level income tax on the earnings distributed currently to its stockholders that it derives from its REIT qualifying activities. If the Company fails to qualify as a REIT in any taxable year, and is unable to avail itself of certain savings provisions set forth in the Code, all of the Company's taxable income would be subject to federal income tax at regular corporate rates, including any applicable alternative minimum tax.
The Company will not be required to make distributions with respect to income derived from the activities conducted through subsidiaries that the Company elects to treat as taxable REIT subsidiaries ("TRS") for federal income tax purposes. Certain activities that the Company undertakes must be conducted by a TRS, such as performing non-customary services for its tenants and holding assets that it cannot hold directly. A TRS is subject to federal and state income taxes. The TRS did not have any activity during the years ended December 31, 2013 and December 31, 2012 and the period April 20, 2011 to December 31, 2011.
The Company and certain of its subsidiaries are subject to certain state and local income, excise and franchise taxes. Taxes in the amount of $0.6 million, $0.3 million and $0.3 million have been recorded in other expenses on the accompanying Consolidated Statements of Operations for the years ended December 31, 2013, December 31, 2012 and the period April 20, 2011 to December 31, 2011.
The Company currently has no liabilities for uncertain tax positions.
The following table reconciles net income (loss) to taxable income for the years ended December 31, 2013 and 2012, respectively, and the period April 20, 2011 to December 31, 2011 (in thousands):
	Year ended			Year ended			Period from
	December 31,			December 31,			April 20, 2011 to
	2013			2012			December 31, 2011
Net income (loss)	$	4,902		$	(10,199	)	$	(9,227	)
Book/Tax differences from depreciation and amortization		46,389			24,048			12,625
Above/Below market lease amortization		6,544			4,837			2,776
Loss on impairments		—			4,563			—
Formation Transaction costs		—			—			3,169
Offering costs		27			68			78
Book/Tax difference on property acquisition costs		3,427			4,218			1,088
Loss on extinguishment of debt		—			565			—
Accrued non-recurring IPO bonus payment		—			(1,000	)		1,000
Accrued bonus payment		440			3,731			—
Book/Tax difference on bad debt expense		19			317			526
Book/Tax difference on non-cash compensation		1,846			1,375			560
Book/Tax difference on gain on sales of real estate		(3,915	)		(4,554	)		(1,231	)
Straight-line rent adjustments, net		(2,941	)		(2,796	)		(1,036	)
Unrealized gain on interest rate swaps		—			(215	)		(2,805	)
Book/tax difference on non-cash portion of interest expense		(106	)		(159	)		—
Other book/tax differences, net		28			63			(73	)
Loss attributable to noncontrolling interest		(7,785	)		(5,940	)		(1,768	)
Taxable income subject to distribution requirement(1)	$	48,875		$	18,922		$	5,682
-1
The Company distributed in excess of 100% of its taxable income to its stockholders during the years ended December 31, 2013 and December 31, 2012, and the period April 20, 2011 to December 31, 2011, respectively.
Earnings Per Share
The Company uses the two-class method of computing earnings per common share, which is an earnings allocation formula that determines earnings per share for common stock and any participating securities according to dividends declared (whether paid or unpaid) and participation rights in undistributed earnings. Under the two-class method, basic earnings per common share are computed by dividing the sum of distributed earnings to common stockholders and undistributed earnings allocated to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution that could occur from shares issuable in connection with awards under incentive and equity-based compensation plans.
Segment Reporting
The Company manages its operations on an aggregated, single segment basis for purposes of assessing performance and making operating decisions and, accordingly, has only one reporting and operating segment.

Real_Estate

Real Estate	12 Months Ended
	Dec. 31, 2013
Real Estate	'
Real Estate	'
	3. Real Estate
	The following table summarizes the acquisitions of the Company during the years ended December 31, 2013 and December 31, 2012:
	Year ended December 31, 2013
	Property Location	Date			Square		Buildings
		Acquired			Feet
	Orangeburg, SC		2/7/13			319,000		1
	Golden, CO		2/27/13			227,500		1
	Columbia, SC		2/28/13			273,280		1
	DeKalb, IL		3/15/13			146,740		1
	Ocala, FL		3/26/13			619,466		1
	Londonderry, NH		3/28/13			125,060		1
	Marion, IA		3/28/13			95,500		1
	Mishawaka, IN		4/5/13			308,884		1
	Southfield, MI(1)		4/9/13			113,000		1
	Houston, TX		4/9/13			201,574		1
	Idaho Falls, ID		4/11/13			90,300		1
	Mt. Prospect, IL		5/14/13			87,380		1
	Williamsport, PA		5/31/13			250,000		1
	Belvidere, IL		6/19/13			1,006,960		8
	Kentwood, MI		6/26/13			85,157		1
	Marshall, MI		6/26/13			57,025		1
	Nashville, TN		7/18/13			150,000		1
	Catoosa, OK		7/31/13			100,100		1
	New Berlin, WI		8/16/13			205,063		1
	Hampstead, MD		8/21/13			1,035,249		1
	New Hope, MN		9/20/13			107,348		1
	Springfield, OH		9/26/13			350,500		1
	Orlando, FL		10/8/13			215,900		1
	North Jackson, OH		11/6/13			209,835		1
	Mebane, NC		11/14/13			383,500		1
	Shannon, GA		11/26/13			568,516		1
	Lansing, MI		12/11/13			160,000		1
	Harvard, IL		12/17/13			126,304		1
	Sauk Village, IL		12/17/13			375,785		1
	South Holland, IL		12/17/13			202,902		1
	Mascot, TN		12/19/13			130,560		1
	Janesville, WI		12/27/13			700,000		1
	Total					9,028,388		39
	-1
	The Company also owns a 5.4 acre vacant land parcel adjacent to this building.
	Year ended December 31, 2012
	Property Location	Date			Square		Buildings
		Acquired			Feet
	East Windsor, CT		3/1/12			145,000		1
	South Bend, IN		3/8/12			225,000		1
	Lansing, MI		3/21/12			129,325		1
	Portland, ME		3/27/12			100,600		1
	Portland, TN		3/30/12			414,043		1
	Spartanburg, SC		4/5/12			409,600		4
	Franklin, IN		4/17/12			703,496		1
	Muhlenberg Township, PA		5/24/12			394,289		1
	Avon, CT		6/15/12			78,400		1
	Orlando, FL		6/15/12			155,000		1
	Pineville, NC		6/15/12			75,400		1
	Buffalo, NY		6/15/12			117,000		1
	Edgefield, SC		6/15/12			126,190		1
	Arlington, TX		6/15/12			196,000		1
	Bellevue, OH		7/18/12			181,838		1
	Atlanta, GA		8/1/12			407,981		1
	Huntersville, NC		8/6/12			185,570		1
	Simpsonville, SC		8/23/12			204,952		1
	Simpsonville, SC		8/23/12			207,042		1
	Dallas, GA		9/4/12			92,807		1
Mebane, NC		9/4/12			223,340		1
Mebane, NC		9/4/12			202,691		1
De Pere, WI		9/13/12			200,000		1
Duncan, SC		9/21/12			474,000		1
Duncan, SC		9/21/12			313,380		1
Buena Vista, VA		9/27/12			172,759		1
Gurnee, IL		9/28/12			223,760		1
Auburn Hills, MI		10/9/12			87,932		1
El Paso, TX		10/9/12			269,245		1
Gloversville, NY		10/9/12			50,000		1
Gloversville, NY		10/9/12			101,589		1
Gloversville, NY		10/9/12			26,529		1
Gloversville, NY		10/9/12			59,965		1
Greenwood, SC		10/9/12			104,955		1
Greenwood, SC		10/9/12			70,100		1
Holland, MI		10/9/12			195,000		1
Independence, VA		10/9/12			120,000		1
Jackson, TN		10/9/12			250,000		1
Johnstown, NY		10/9/12			52,500		1
Johnstown, NY		10/9/12			60,000		1
Johnstown, NY		10/9/12			42,325		1
Johnstown, NY		10/9/12			57,102		1
Kansas City, KS		10/9/12			56,580		1
Lafayette, IN		10/9/12			71,400		1
Lafayette, IN		10/9/12			120,000		1
Lafayette, IN		10/9/12			275,000		1
Lansing, MI		10/9/12			250,100		1
Marion, IN		10/9/12			249,600		1
Novi, MI		10/9/12			120,800		1
O'Hara, PA		10/9/12			887,084		1
Parsons, KS		10/9/12			120,000		1
Phenix City, AL		10/9/12			117,568		1
Portage, IN		10/9/12			212,000		1
Ware Shoals, SC		10/9/12			20,514		1
Wichita, KS		10/9/12			80,850		1
Wichita, KS		10/9/12			120,000		1
Wichita, KS		10/9/12			44,760		1
Wichita, KS		10/9/12			47,700		1
Chicopee, MA		10/26/12			217,000		1
Sterling Heights, MI		10/31/12			108,000		1
Harrisonburg, VA		11/29/12			357,673		1
Toledo, OH		12/13/12			177,500		1
Woodstock, IL		12/14/12			129,803		1
Kansas City, MO		12/19/12			226,576		1
Smyrna, GA		12/20/12			102,000		1
Montgomery, IL		12/20/12			584,301		1
Statham, GA		12/21/12			225,680		1
Total					12,829,194		70
On October 9, 2012, the Company acquired 31 industrial properties from STAG Investments Holdings II, LLC, a wholly owned subsidiary of STAG Investments II, LLC (the "Fund"), which are related parties of the Company through common management. On October 31, 2012 and April 5, 2013, the Company acquired two additional industrial properties from the Fund. The Company and its Predecessor served as the asset manager of the Fund for all periods presented. Together, the acquisition of the 33 industrial properties (collectively referred to as the "STAG II Acquisitions") represented a significant acquisition of the Company.
The following table (in thousands) summarizes the allocation of the consideration paid during the year ended December 31, 2013 and the year ended December 31, 2012, respectively, for the acquired assets and liabilities in connection with the acquisitions of buildings at the date of acquisition identified in the table above (in thousands):
	Year Ended			Weighted Average		Year Ended			Weighted Average
	December 31,			Amortization		December 31,			Amortization
	2013			Period (years)		2012			Period (years)
				Lease Intangibles					Lease Intangibles
Land	$	31,310			N/A	$	34,991			N/A
Buildings		223,420			N/A		269,616			N/A
Tenant improvements		2,526			N/A		10,624			N/A
Cash escrow for capital additions		—			N/A		785			N/A
Above market leases		8,219			5.8		16,728			10
Below market leases		(2,538	)		7.2		(5,962	)		6.5
In-place leases		50,005			5.8		63,397			6.6
Tenant relationships		21,257			8.2		26,241			8.2
Building and land improvements		9,133			N/A		7,488			N/A
Net assets acquired	$	343,332				$	423,908
As partial consideration for eight buildings acquired on June 19, 2013, the Company granted 555,758 Common Units in the Operating Partnership with a fair value of approximately $11.5 million based on the Company's NYSE closing stock price on June 19, 2013. The issuance of the Common Units was effected in reliance upon an exemption from registration provided by Section 4(2) under the Securities Act of 1933, as amended. The Company relied on the exemption based on representations given by the holders of the Common Units. The remaining purchase price of approximately $40.1 million was paid in cash.
The Company has included the results of operations for each of the acquired properties on the Consolidated Statements of Operations from the date of acquisition. The properties acquired during the year ended December 31, 2013 contributed $16.7 million to total revenue and $0.4 million to net income (including property acquisition costs of $3.0 million related to the acquisition of 39 buildings during the year ended December 31, 2013) during the year ended December 31, 2013.
The following tables set forth pro forma information for the years ended December 31, 2013 and 2012, respectively. The below pro forma information does not purport to represent what the actual results of operations of the Company would have been had the acquisitions outlined above occurred on the first day of the applicable reporting period, nor do they purport to predict the results of operations of future periods. The pro forma information has not been adjusted for property sales.
Pro Forma	Year ended
	December 31, 2013
	(in thousands,
	except share data)(1)
Total revenue	$	154,866
Net income(2)	$	11,780
Net income attributable to common stockholders	$	1,715
Weighted average shares outstanding		42,364,125
Net income per share attributable to common stockholders	$	0.04
Pro Forma	Year ended
	December 31, 2012
	(in thousands,
	except share data)(3)
Total revenue	$	152,962
Net loss(2)	$	(12,286	)
Net loss attributable to common stockholders	$	(14,424	)
Weighted average shares outstanding		25,046,664
Net loss per share attributable to common stockholders	$	(0.58	)
-1
The unaudited pro forma information for the year ended December 31, 2013 is presented as if the properties acquired during the year ended December 31, 2013 had occurred at January 1, 2012, the beginning of the reporting period prior to acquisition.
-2
The net income for the year ended December 31, 2013 excludes $3.0 million of property acquisition costs related to the acquisition of buildings that closed during the year ended December 31, 2013, and the net loss for the year ended December 31, 2012 was adjusted to include these acquisition costs. Net loss for the year ended December 31, 2012 excludes $3.6 million of property acquisition costs related to the acquisition of buildings that closed during the year ended December 31, 2012.
-3
The unaudited pro forma information for the year ended December 31, 2012 is presented as if the properties acquired during the year ended December 31, 2013 and the properties acquired during the year ended December 31, 2012 had occurred at January 1, 2012 and January 1, 2011, respectively, the beginning of the reporting period prior to acquisition.
On October 31, 2013, the Company sold a 243,048 square feet warehouse and distribution building located in Creedmoor, NC. The carrying value of the building prior to sale was $4.5 million. The sales price was $9.5 million and the Company received net proceeds of $9.3 million. A gain on sale of real estate of $4.8 million was recognized at closing under the full accrual method of gain recognition. On October 18, 2013, the Company entered into a lease termination agreement with the tenant located at Creedmoor, NC. The agreement provided that the tenant's lease terminated effective October 31, 2013 and required the tenant to pay a termination fee of $2.5 million. The building contributed $0.7 million (exclusive of termination income and acceleration of straight line rent and above market rent), $0.9 million and $0.6 million to total revenue during the years ended December 31, 2013, December 31, 2012, and the period from April 20, 2011 to December 31, 2011, respectively. The results of operations (inclusive of the termination income) and the gain on sale are included in income (loss) attributable to discontinued operations on the accompanying Consolidated Statements of Operations.
On June 12, 2013, the Company sold a 53,183 square feet flex/office building located in Pittsburgh, PA. The carrying value of the building prior to sale was $4.4 million. The sales price was $5.1 million and the Company received net proceeds of $4.8 million. A gain on sale of real estate of $0.5 million was recognized at closing under the full accrual method of gain recognition. The building contributed $0.3 million, $0.5 million, and $0.4 million, to total revenue during the years ended December 31, 2013, December 31, 2012 and the period from April 20, 2011 to December 31, 2011, respectively. The results of operations and the gain on sale are included in income (loss) attributable to discontinued operations on the accompanying Consolidated Statements of Operations.
The Company tested the property located in Great Bend, KS for impairment as of September 30, 2012 utilizing a probability weighted recovery analysis of certain scenarios, and it was determined that the carrying value of the property was not recoverable from the estimated future undiscounted cash flows. Accordingly, the property was written down to its estimated fair value resulting in a loss on impairment of $3.9 million (of which $0.7 million related to lease intangibles) for the three and nine months ended September 30, 2012. Subsequent to the impairment loss being recognized, on November 30, 2012, the Company sold the building for a sales price of $4.0 million in an arm's length transaction. The carrying value of the property prior to sale was $4.0 million. The Company received net proceeds of $4.0 million. There was a gain of $3 thousand recognized at closing under the full accrual method of gain recognition. The property contributed $0 million, $1.8 million, $0.8 million and $0.4 million to total revenue during the years ended December 31, 2013, December 31, 2012, the period from April 20, 2011 to December 31, 2011 and the period from January 1, 2011 to April 19, 2011, respectively. The loss on impairment, results of operations and the gain on sale are included in income (loss) attributable to discontinued operations on the accompanying Consolidated and Combined Statements of Operations.
On April 20, 2012, the Company sold a vacant warehouse and distribution facility located in Youngstown, OH containing 153,708 net rentable square feet. The carrying value of the property prior to sale was $3.0 million. The sales price was $3.4 million and the Company received net proceeds of $3.2 million. The property contributed $0, $0, $2.0 million and $0.2 million to total revenue during the years ended December 31, 2013, December 31, 2012, the period from April 20, 2011 to December 31, 2011 and the period from January 1, 2011 to April 19, 2011, respectively. At closing, the Company recognized a gain on sale of real estate in the amount of $0.2 million under the full accrual method of gain recognition. The results of operations and the gain on sale are included in income (loss) attributable to discontinued operations on the accompanying Consolidated and Combined Statements of Operations.
On December 22, 2011, the Company sold a vacant flex/office property located in Amesbury, MA containing approximately 78,000 net rentable square feet. The carrying value of the property prior to sale was $4.2 million. The sales price was approximately $4.8 million and the Company received net proceeds of $4.5 million. At closing, the Company recognized a gain on sale of real estate in the amount of $0.3 million under the full accrual method of gain recognition. The property contributed $0, $0, $0 and $0 to total revenue during the years ended December 31, 2013, December 31, 2012, the period from April 20, 2011 to December 31, 2011 and the period from January 1, 2011 to April 19, 2011, respectively. The results of operations and the gain on sale are included in income (loss) attributable to discontinued operations on the accompanying Consolidated and Combined Statement of Operations.

Deferred_Leasing_Intangibles

Deferred Leasing Intangibles	12 Months Ended
	Dec. 31, 2013
Deferred Leasing Intangibles	'
Deferred Leasing Intangibles	'
	4. Deferred Leasing Intangibles
	Deferred leasing intangibles included in total assets consisted of the following (in thousands):
		December 31,			December 31,
		2013			2012
	In-place leases	$	142,518		$	108,363
	Less: Accumulated amortization		(49,756	)		(28,289	)
	In-place leases, net		92,762			80,074
	Above market leases		57,283			50,699
	Less: Accumulated amortization		(17,232	)		(10,362	)
	Above market leases, net		40,051			40,337
	Tenant relationships		77,260			61,050
	Less: Accumulated amortization		(18,693	)		(11,298	)
	Tenant relationships, net		58,567			49,752
	Leasing commissions		33,107			23,376
	Less: Accumulated amortization		(9,520	)		(5,984	)
	Leasing commissions, net		23,587			17,392
	Total deferred leasing intangibles, net	$	214,967		$	187,555
	Deferred leasing intangibles included in total liabilities consisted of the following (in thousands):
		December 31,			December 31,
		2013			2012
	Below market leases	$	11,434		$	9,878
	Less: Accumulated amortization		(4,520	)		(3,007	)
	Total deferred leasing intangibles, net	$	6,914		$	6,871
	Amortization expense, inclusive of results from discontinued operations, related to in-place leases, leasing commissions and tenant relationships of deferred leasing intangibles was $42.5 million, $25.0 million, $12.9 million and $0.7 million for the years ended December 31, 2013, December 31, 2012, for the periods from April 20, 2011 to December 31, 2011 and January 1, 2011 to April 19, 2011, respectively. Rental income, inclusive of results from discontinued operations, related to net amortization of above and below market leases increased (decreased) rental income by $(6.5) million, $(4.8) million, $(2.8) million and $2 thousand for the years ended December 31, 2013, December 31, 2012, the period from April 20, 2011 to December 31, 2011 and the period from January 1, 2011 to April 19, 2011, respectively.
	Amortization related to deferred leasing intangibles over the next five years is as follows (in thousands):
		Estimated Net Amortization			Net Decrease to Rental
		of In-Place Leases,			Income Related to
		Leasing Commissions and			Above and Below
		Tenant Relationships			Market Leases
	2014	$	41,754		$	5,980
	2015		33,004			6,201
	2016		26,818			5,600
	2017		21,011			4,240
	2018		15,217			3,256
	On June 11, 2012, the Company received notice from a tenant that the tenant was exercising an option in its lease to downsize its space from approximately 190,000 to 60,000 rentable square feet effective March 31, 2013. After determining the undiscounted future cash flows were not recoverable, the Company calculated the fair value of the lease intangibles. Using the remaining contractual lease payments for the reduced space and discounting the cash flows at a risk adjusted return for a market participant of 11.4%, it was determined that the fair value of the lease intangibles was $0.4 million, resulting in a noncash impairment loss of $0.6 million during the year ended December 31, 2012, which is reflected in the accompanying Consolidated Statements of Operations. The fair value calculation of the lease intangibles of $0.4 million was performed using Level 3 inputs, and this is a nonrecurring fair value measurement.
	As discussed in Note 3 above, the Company recognized an impairment loss of $0.7 million during the year ended December 31, 2012 related to lease intangibles at its property located in Great Bend, KS. The fair value calculation of the lease intangibles was performed using Level 3 inputs, and this is a nonrecurring fair value measurement.

Debt

Debt	12 Months Ended
	Dec. 31, 2013
Debt	'
Debt	'
	5. Debt
	Payments on mortgage notes are generally due in monthly installments of principal amortization and interest. Payments on the Unsecured Term Loans and the Unsecured Credit Facility (each defined below) are generally due in monthly installments of interest.
	The following table sets forth a summary of the Company's outstanding indebtedness, including mortgage notes payable and borrowings under the Company's Unsecured Term Loans and Unsecured Credit Facility as of December 31, 2013 and December 31, 2012 (dollars in thousands):
	Loan	Interest			Principal		Principal		Current
		Rate(1)			outstanding as of		outstanding as of		Maturity
					December 31, 2013		December 31, 2012
	Sun Life(2)		6.05%		$	3,817	$	4,079		Jun-1-2016
	Webster Bank(3)		4.22%			5,834		5,984		Aug-4-2016
	Bank of America Unsecured Credit Facility(4)		LIBOR + 1.45%			80,500		99,300		Sept-10-2016
	Union Fidelity(5)		5.81%			6,551		6,898		Apr-30-2017
	Webster Bank(6)		3.66%			3,121		3,203		May-29-2017
	Webster Bank(7)		3.64%			3,360		3,450		May-31-2017
	Bank of America Unsecured Term Loan(8)		LIBOR + 1.40%			150,000		150,000		Sept-10-2017
	CIGNA-1 Facility(9)		6.50%			58,874		59,645		Feb-1-2018
	CIGNA-2 Facility(10)		5.75%			59,990		60,863		Feb-1-2018
	CIGNA-3 Facility(11)		5.88%			16,879		17,097		Oct-1-2019
	Wells Fargo Unsecured Term Loan(12)		LIBOR + 2.15%			100,000		—		Feb-14-2020
	Wells Fargo CMBS Loan(13)		4.31%			67,165		68,696		Dec-1-2022
					$	556,091	$	479,215
	-1
	Current interest rate as of December 31, 2013. At December 31, 2013 and December 31, 2012, the one-month LIBOR rate was 0.1677% and 0.2087%, respectively.
	-2
	This loan with Sun Life Assurance Company of Canada (U.S.) ("Sun Life") was assumed on October 14, 2011 in connection with the acquisition of the building located in Gahanna, OH. The property is collateral for this loan. The principal outstanding includes an unamortized fair market value premium of $0.2 million and $0.2 million as of December 31, 2013 and December 31, 2012, respectively.
	-3
	This loan with Webster Bank, National Association ("Webster Bank") was entered into on August 4, 2011 in connection with the acquisition of the building located in Norton, MA. The property is collateral for this loan.
	-4
	The spread over LIBOR for this Bank of America, N.A. ("Bank of America") unsecured revolving credit facility ("Unsecured Credit Facility") is based on the Company's consolidated leverage. The spread was 1.45% and 1.65% as of December 31, 2013 and December 31, 2012, respectively. The Company paid unused fees of $0.6 million and $0.1 million for the years ended December 31, 2013 and December 31, 2012, respectively. The borrowing capacity as of December 31, 2013 was $119.3 million, assuming current leverage levels.
	-5
	This loan with Union Fidelity Life Insurance Co. ("Union Fidelity") was assumed on July 28, 2011 in connection with the acquisition of the St. Louis, MO building. The property is collateral for this loan. The principal outstanding includes an unamortized fair market value premium of $0.1 million and $0.2 million as of December 31, 2013 and December 31, 2012, respectively.
	-6
	This loan with Webster Bank was entered into on May 29, 2012 in connection with the acquisition of the building located in Portland, ME. The property is collateral for this loan.
	-7
	This loan with Webster Bank was entered into on May 31, 2012 in connection with the acquisition of the building located in East Windsor, CT. The property is collateral for this loan.
	-8
	This Bank of America unsecured term loan ("Bank of America Unsecured Term Loan") was entered into on September 10, 2012 and subsequently amended on October 7, 2013. The spread over LIBOR is based on the Company's consolidated leverage ratio. The spread was 1.40% and 1.65% as of December 31, 2013 and December 31, 2012, respectively. The Company swapped the one-month LIBOR for a fixed rate for $100.0 million of the $150.0 million outstanding on the Bank of America Unsecured Term Loan. The net settlements of the swaps commenced on the effective date of the swaps, October 10, 2012 (see Note 6 for further details). There was no remaining borrowing capacity as of December 31, 2013.
	-9
	This Connecticut General Life Insurance Company ("CIGNA") credit facility originally was entered into in July 2010 (the "CIGNA-1 Facility"), which loan has various buildings serving as collateral and has no remaining borrowing capacity as of December 31, 2013.
	-10
	This CIGNA credit facility originally was entered into in October 2010 (the "CIGNA-2 Facility"), which loan has various buildings serving as collateral and has a remaining borrowing capacity of approximately $2.9 million as of December 31, 2013, subject to customary terms and conditions, including underwriting.
	-11
	This CIGNA credit facility originally was entered into on July 8, 2011 ("CIGNA-3 Facility"), which loan has various buildings serving as collateral. The CIGNA-3 Facility and has a remaining borrowing capacity of approximately $47.9 million as of December 31, 2013, subject to customary terms and conditions, including underwriting.
	-12
	This Wells Fargo Bank, National Association ("Wells Fargo") unsecured term loan ("Wells Fargo Unsecured Term Loan") was entered into on February 14, 2013. The spread over LIBOR is based on the Company's consolidated leverage. The spread was 2.15% as of December 31, 2013. As of December 31, 2013, the Company swapped one-month LIBOR for a fixed rate on $125.0 million of the $150.0 million capacity on the unsecured term loan (see Note 6 for further details). The borrowing capacity as of December 31, 2013 was $50.0 million, assuming current leverage levels, and was drawn down by the Company on January 30, 2014.
	-13
	This Wells Fargo loan ("CMBS Loan") was entered into on November 8, 2012 and is a non-recourse loan with 28 buildings serving as collateral.
	2013 Debt Activity
	On February 14, 2013, the Company closed a $150.0 million unsecured term loan with Wells Fargo Bank with a maturity date of February 14, 2020. Borrowings under the Wells Fargo Unsecured Term Loan bear interest at a floating rate equal to the one-month LIBOR plus a spread that will range from 2.15% and 2.70%, based on the Company's consolidated leverage ratio. The spread was 2.15% as of December 31, 2013. The Wells Fargo Unsecured Term Loan has an accordion feature that allows the Company to increase its borrowing capacity to $250.0 million, subject to the satisfaction of certain conditions. The Company incurred $1.4 million in deferred financing fees associated with the closing of the Wells Fargo Unsecured Term Loan, which will be amortized over its seven year term. The Company also incurred an annual fee of $50 thousand to be amortized over one year. The Wells Fargo Unsecured Term Loan has an unused commitment fee equal to 0.35% of its unused portion, which is paid monthly in arrears. During the period February 14, 2013 to December 31, 2013, the Company incurred an unused commitment fee of $0.3 million that was included in the Consolidated Statements of Operations.
	On October 7, 2013, the Unsecured Credit Facility and the Bank of America Unsecured Term Loan were amended to reduce the spreads on the one-month Eurodollar Rate and the Base Rate (each as defined in the credit agreement) and to reduce the unused fee rates. Upon the execution of the amendment, the Company incurred $0.3 million and $0.2 million in deferred financing fees, which will be amortized over the then remaining three and four year terms of the Unsecured Credit Facility and Bank of America Unsecured Term Loan, respectively. The amendment was considered a modification of terms; therefore, no deferred financing fees were expensed as a loss on extinguishment of debt. The following table compares the original terms to the amended terms of the Unsecured Credit Facility and the Bank of America Unsecured Term Loan.
		Original Terms		Amended Terms
	Applicable Rates	Unsecured Credit Facility		Unsecured		Unsecured
		and Unsecured Term Loan		Credit Facility		Term Loan
	Eurodollar Rate(1):	one month-LIBOR + 165.0 bps - 225.0 bps		one month-LIBOR + 145.0 bps - 205.0 bps		one month-LIBOR + 140.0 bps - 200.0 bps
	Base Rate(1):	Base rate + 65.0 bps - 125.0 bps		Base rate + 45.0 bps - 105.0 bps		Base rate + 40.0 bps - 100.0 bps
	Unused Fees:	<50%, 35.0 bps; > 50%, 25.0 bps		<50%, 25.0 bps; > 50%, 20.0 bps		—
	-1
	The spread over the applicable rate is based on the Company's consolidated leverage ratio.
	2012 Debt Activity
	On June 27, 2012, the Company paid down the principal outstanding on the Bank of America, N.A. loan in the amount of $8.1 million, which had an interest rate of 7.05%. The early extinguishment of the loan resulted in a gain of $18 thousand as a result of the acceleration of an unamortized fair market value premium. There were no pre-payment penalties associated with the loan.
	On September 10, 2012, the Company paid off the remaining balance under, and terminated, the Credit Facility, which was a secured facility, with proceeds from the Unsecured Credit Facility. The early extinguishment of the Credit Facility resulted in a loss of $0.5 million as a result of the acceleration of the unamortized deferred financing fees. There were no pre-payment penalties associated with the loan.
	On September 10, 2012, contemporaneously with the termination of the Credit Facility, the Company closed on a credit agreement for the Unsecured Credit Facility of up to $200.0 million with a sublimit of $10.0 million for swing line loans and $10.0 million for letters of credit and the $150.0 million Bank of America Unsecured Term Loan with Bank of America, N.A. as administrative agent and Merrill Lynch, Pierce, Fenner and Smith Incorporated as lead arranger. The Unsecured Credit Facility has an accordion feature that allows the Company to increase its borrowing capacity to $300.0 million, subject to the satisfaction of certain conditions. Proceeds from the Unsecured Credit Facility and the Bank of America Unsecured Term Loan have been used for property acquisitions, working capital requirements and other general corporate purposes.
	On September 10, 2012, the Company paid down the remaining principal outstanding on the Wells Fargo Master Loan in the amount of $18.7 million. The Company previously made a prepayment of $105.0 million on August 15, 2012 with proceeds from its common stock offering that was completed on August 15, 2012. The early extinguishment of the Wells Fargo Master Loan resulted in a loss of $0.4 million as a result of the acceleration of the unamortized deferred financing fees. There were no pre-payment penalties associated with the loan.
	On November 8, 2012, certain of the Company's subsidiaries entered into a non-recourse secured loan facility with Wells Fargo Bank, N.A. The loan agreement is a commercial mortgage backed security that provides for a secured loan in the original principal amount of approximately $68.8 million.
	Financial Covenant Considerations
The Company's ability to borrow under the Unsecured Credit Facility, the Bank of America Unsecured Term Loan and the Wells Fargo Unsecured Term Loan (together, the Bank of America Unsecured Term Loan and the Wells Fargo Unsecured Term Loan are the "Unsecured Term Loans") is subject to its ongoing compliance with a number of customary financial covenants, including:
•
a maximum consolidated leverage ratio of not greater than 0.60:1.00;
•
a maximum secured leverage ratio of not greater than 0.45:1.00;
•
a maximum unencumbered leverage ratio of not greater than 0.60:100;
•
a maximum secured recourse debt ratio of not greater than 7.5%;
•
a minimum fixed charge ratio of not less than 1.50 to 1.00;
•
a minimum tangible net worth covenant test; and
•
various thresholds on Company level investments.
The Credit Facility and Term Loans contain financial and operating covenants and restrictions. The Company was in compliance with all such restrictions and financial covenants as of December 31, 2013. In the event of a default related to the financing and operating covenants, the Company's dividend distributions are limited to the minimum amount necessary for the Company to maintain its status as a REIT.
Each of the Sun Life loan, the Webster Bank loans, the Union Fidelity loan, the CIGNA-1 Facility, the CIGNA-2 Facility, the CIGNA-3 Facility and the CMBS Loan have specific properties and assignments of rents from leases on the properties, that are collateral for these loans. The acquisition costs of these properties were financed by the loans and by collateral assignments of the specific leases and rents. These debt facilities contain certain financial and other covenants. The Company was in compliance with all financial covenants as of December 31, 2013 and December 31, 2012. The real estate net book value of the properties that are collateral for the Company's debt arrangements was $262.7 million and $269.1 million at December 31, 2013 and December 31, 2012, respectively, and is limited to senior, property level secured debt financing arrangements. The 21 properties held as collateral for the CIGNA-1, CIGNA-2, and CIGNA-3 facilities are cross-defaulted and cross-collateralized, among the respective facilities.
Fair Value of Debt
The fair value of the Company's debt was determined by discounting the future cash flows using the current rates at which loans would be made to borrowers with similar credit ratings and for loans with similar remaining maturities, similar terms, and similar loan-to-value ratios. The discount rates ranged from 1.57% to 5.24% and 1.86% to 4.64% at December 31, 2013 and December 31, 2012, respectively, and were applied to each individual debt instrument. The fair value of the Company's debt is based on Level 3 inputs. The following table presents the aggregate carrying value of the Company's debt and the corresponding estimate of fair value as of December 31, 2013 and December 31, 2012 (in thousands):
	December 31, 2013					December 31, 2012
	Carrying			Fair		Carrying		Fair
	Amount			Value		Amount		Value
Mortgage notes payable	$	225,591		$	228,996	$	229,915	$	242,175
Unsecured Credit Facility	$	80,500		$	80,500	$	99,300	$	99,300
Bank of America Unsecured Term Loan	$	150,000		$	148,781	$	150,000	$	150,000
Wells Fargo Unsecured Term Loan	$	100,000		$	97,302	$	—	$	—
Future Principal Payments of Debt
The following table reflects the Company's aggregate future principal payments of the Company's debt at December 31, 2013 (dollars in thousands):
2014	$	4,447
2015		4,688
2016		93,777
2017		165,506
2018		113,377
Thereafter		174,008
Total aggregate principal payments	$	555,803
Unamortized balance of historical fair value adjustments		288
Total carrying value of debt	$	556,091

Use_of_Derivative_Financial_In

Use of Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2013
Use of Derivative Financial Instruments	'
Use of Derivative Financial Instruments	'
	6. Use of Derivative Financial Instruments
	Risk Management Objective of Using Derivatives
	The Company's use of derivative instruments is limited to the utilization of interest rate swaps to manage interest rate risk exposures and not for speculative purposes. The principal objective of such arrangements is to minimize the risks and/or costs associated with the Company's operating and financial structure, as well as to hedge specific transactions.
	On September 14, 2012, the Company commenced a program of entering into seven interest rate swap agreements for notional amounts totaling $100 million with an effective date of October 10, 2012 that effectively convert the one-month LIBOR rate on $100.0 million of the $150.0 million Bank of America Unsecured Term Loan, from a variable rate of one-month LIBOR plus a spread based on the Company's consolidated leverage ratio to a fixed rate plus a spread based on the Company's consolidated leverage ratio. These swaps were designated as cash flow hedges of interest rate risk.
	On March 1, 2013, the Company entered into an interest rate swap agreement for notional amount of $25.0 million with an effective date of March 1, 2013 that converts the one-month LIBOR rate on the $25.0 million then outstanding balance of the Wells Fargo Unsecured Term Loan from a variable rate of one-month LIBOR plus a spread based on the Company's consolidated leverage ratio to a fixed rate of 1.33% plus a spread based on the Company's consolidated leverage ratio. This swap was designated as a cash flow hedge of interest rate risk.
	On June 13, 2013, the Company entered into two interest rate swap agreements for notional amounts of $50.0 million and $25.0 million with effective dates of July 1, 2013 and August 1, 2013 that convert the one-month LIBOR rate on the Wells Fargo Unsecured Term Loan from a variable rate of one-month LIBOR plus a spread based on the Company's consolidated leverage ratio to a fixed rate of 1.681% and 1.703%, respectively, plus a spread based on the Company's consolidated leverage ratio. These swaps were designated as cash flow hedges of interest rate risk.
	On September 30, 2013, the Company entered into an interest rate swap agreement for a notional amount of $25.0 million with an effective date of February 3, 2014 that converts the one-month LIBOR rate on the Wells Fargo Unsecured Term Loan from a variable rate of one-month LIBOR plus a spread based on the Company's consolidated leverage ratio to a fixed rate of 1.9925% plus a spread based on the Company's consolidated leverage ratio. This swap was designated as cash flow hedge of interest rate risk. The $25.0 million notional amount was drawn on January 30, 2014.
	The following table details the Company's outstanding interest rate swaps as of December 31, 2013 (collectively, the "Unsecured Term Loan Swaps") (in thousands):
	Interest Rate Derivative	Trade Date		Notional			Fixed			Variable		Maturity Date
				Amount			Interest Rate			Interest Rate
	Interest rate swap	Sept-14-2012		$	10,000	-1		0.7945	%	One-month LIBOR		September 10, 2017
	Interest rate swap	Sept-14-2012		$	10,000	-1		0.7945	%	One-month LIBOR		September 10, 2017
	Interest rate swap	Sept-14-2012		$	10,000	-1		0.7945	%	One-month LIBOR		September 10, 2017
	Interest rate swap	Sept-14-2012		$	10,000	-1		0.7945	%	One-month LIBOR		September 10, 2017
	Interest rate swap	Sept-14-2012		$	10,000	-1		0.7975	%	One-month LIBOR		September 10, 2017
	Interest rate swap	Sept-20-2012		$	25,000	-1		0.7525	%	One-month LIBOR		September 10, 2017
	Interest rate swap	Sept-24-2012		$	25,000	-1		0.727	%	One-month LIBOR		September 10, 2017
	Interest rate swap	March-1-2013		$	25,000	-2		1.33	%	One-month LIBOR		February 14, 2020
	Interest rate swap	June-13-2013		$	25,000	-2		1.703	%	One-month LIBOR		February 14, 2020
	Interest rate swap	June-13-2013		$	50,000	-2		1.681	%	One-month LIBOR		February 14, 2020
	Interest rate swap	Sept-30-2013		$	25,000	-2		1.9925	%	One-month LIBOR		February 14, 2020
	-1
	Fixes the interest rate of the Bank of America Unsecured Term Loan
	-2
	Fixes the interest rate of the Wells Fargo Unsecured Term Loan
	STAG Predecessor Group entered into an interest rate swap ("Wells Fargo Master Loan Swap") with a notional amount of $141.0 million to hedge against interest rate risk on its then outstanding variable rate loan with Wells Fargo, which was part of the debt contributed to the Company in its Formation Transactions and subsequently paid down on September 10, 2012. The Wells Fargo Master Loan Swap was not designated as a hedge for accounting purposes and it expired on January 31, 2012.
	The fair value of the interest rate swaps outstanding as of December 31, 2013 and December 31, 2012 was as follows (in thousands):
		Balance Sheet		Notional			Fair Value			Notional			Fair Value
		Location(1)		Amount			December 31,			Amount			December 31,
				December 31,			2013			December 31,			2012
				2013						2012
	Unsecured Term Loan Swaps	Interest Rate Swaps-Asset (Liability)		$	225,000		$	3,924		$	100,000		$	(480	)
	-1
	The individual interest rate swaps' assets and liabilities are not netted on the accompanying Consolidated Balance Sheets.
	Cash Flow Hedges of Interest Rate Risk
	The Company's objectives in using interest rate swaps are to add stability to interest expense and to manage its exposure to interest rate movements. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount.
	The effective portion of changes in the fair value of derivatives designated and qualified as cash flow hedges is recorded in accumulated other comprehensive income (loss) and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. During the years ended December 31, 2013 and December 31, 2012 the Company did not record any hedge ineffectiveness.
	Amounts reported in accumulated other comprehensive income (loss) related to derivatives will be reclassified to interest expense as interest payments are made on the Company's variable-rate debt. The Company estimates that an additional $2.3 million will be reclassified from accumulated other comprehensive income (loss) as an increase to interest expense over the next 12 months.
	The table below details the location in the financial statements of the gain or loss recognized on interest rate swaps designated as cash flow hedges for the years ended December 31, 2013 and 2012, respectively (in thousands):
		STAG Industrial, Inc.
		Year ended			Year ended
		December 31,			December 31,
		2013			2012
	Amount of income (loss) recognized in accumulated other comprehensive income (loss) on interest rate swaps (effective portion)	$	3,032		$	(608	)
	Amount of loss reclassified from accumulated other comprehensive income (loss) into income (loss) as interest expense (effective portion)	$	1,373		$	128
	Amount of loss recognized in income on swaps (ineffective portion and amount excluded from effectiveness testing)	$	—		$	—
	For the Wells Fargo Master Loan Swap, which was not designated as a hedge for accounting purposes and expired on January 31, 2012, the Company recognized gains relating to the change in fair market value of the interest rate swap of $0.2 million for the year ended December 31, 2012, $2.2 million for the period from April 20, 2011 to December 31, 2011, and $0.8 for the period from January 1, 2011 to April 19, 2011, which is included in gain on interest rate swaps on the accompanying Consolidated and Combined Statements of Operations.
	The Company is exposed to credit risk in the event of non-performance by the counterparties to the interest rate swaps. The Company minimizes this risk exposure by limiting counterparties to major banks and investment brokers who meet established credit and capital guidelines.
	Credit-risk-related Contingent Features
	As of December 31, 2013, the fair values of all of the Company's interest rate swaps were in an asset position of $4.2 million excluding any adjustment for nonperformance risk related to these agreements. Accrued interest expense was $0.2 million as of December 31, 2013. As of December 31, 2013, the Company has not posted any collateral related to these agreements. The adjustment for nonperformance risk included in the fair value of the Company's net asset position was $0.3 million as of December 31, 2013.
	Fair Value of Interest Rate Swaps
	The valuation of the interest rate swaps is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs including interest rate curves. The fair values of interest rate swaps are determined by using the market standard methodology of netting the discounted future fixed cash payments and the discounted expected variable cash receipts. The variable cash receipts are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. As of December 31, 2013 and December 31, 2012, the Company applied the provisions of this standard to the valuation of its interest rate swaps.
	The following sets forth the Company's financial instruments that are accounted for at fair value on a recurring basis as of December 31, 2013 and December 31, 2012 (in thousands):
					Fair Value Measurements as of
					December 31, 2013 Using:
		December 31,			Quoted Prices			Significant			Unobservable
		2013			In Active			Other			Inputs
					Markets for			Observable			(Level 3)
					Identical Assets			Inputs
					(Level 1)			(Level 2)
	Assets:
	Interest Rate Swaps	$	3,924		$	—		$	3,924		$	—
					Fair Value Measurements as of
December 31, 2012 Using:
	December 31,			Quoted Prices			Significant			Unobservable
	2012			In Active			Other			Inputs
				Markets for			Observable			(Level 3)
				Identical Assets			Inputs
				(Level 1)			(Level 2)
Liabilities:
Interest Rate Swaps	$	(480	)	$	—		$	(480	)	$	—

Equity

Equity	12 Months Ended
	Dec. 31, 2013
Equity	'
Equity	'
	7. Equity
	Preferred Stock
	Pursuant to its charter, the Company is authorized to issue 10,000,000 shares of preferred stock, par value $0.01 per share. On November 2, 2011, the Company completed an underwritten public offering of 2,760,000 shares (including 360,000 shares issued pursuant to the full exercise of the underwriters' overallotment option) of 9.0% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share (the "Series A Preferred Stock"), at a price to the public of $25.00 per share. Dividends on the Series A Preferred Stock are payable quarterly in arrears on or about the last day of March, June, September and December of each year. The Series A Preferred Stock ranks senior to the Company's common stock with respect to dividend rights and rights upon the liquidation, dissolution or winding up of the Company. The Series A Preferred Stock has no stated maturity date and is not subject to mandatory redemption or any sinking fund. Generally, the Company is not permitted to redeem the Series A Preferred Stock prior to November 2, 2016, except in limited circumstances relating to the Company's ability to qualify as a REIT and in certain other circumstances related to a change of control (as defined in the articles supplementary for the Series A Preferred Stock).
	On April 16, 2013, the Company completed an underwritten public offering of 2,800,000 shares (including 300,000 shares issued pursuant to the full exercise of the underwriters' overallotment option) of 6.625% Series B Cumulative Redeemable Preferred Stock, $0.01 par value per share (the "Series B Preferred Stock"), at a price to the public of $25.00 per share. The Company received net proceeds of $67.8 million, reflecting gross proceeds of $70.0 million net of the underwriters discount of $2.2 million. The Company also incurred direct offering costs of $0.2 million. The underwriters' discount of $2.2 million and $0.2 million of direct offering costs incurred are reflected as a reduction to additional paid-in capital in the Consolidated Balance Sheet of the Company. Dividends on the Series B Preferred Stock are payable quarterly in arrears on or about the last day of March, June, September and December of each year. The Series B Preferred Stock ranks senior to the Company's common stock and on parity with the Company's Series A Preferred Stock with respect to dividend rights and rights upon the liquidation, dissolution or winding up of the Company. The Series B Preferred Stock has no stated maturity date and is not subject to mandatory redemption or any sinking fund. Generally, the Company is not permitted to redeem the Series B Preferred Stock prior to April 16, 2018, except in limited circumstances relating to the Company's ability to qualify as a REIT and in certain other circumstances related to a change of control (as defined in the articles supplementary for the Series B Preferred Stock). The Company used the net proceeds to pay off the then outstanding amount due under the Unsecured Credit Facility and to fund acquisitions.
	The table below sets forth the dividends that have been declared by the Company's board of directors on the Series A Preferred Stock during the years ended December 31, 2013 and December 31, 2012, respectively:
	Amount Declared During Quarter Ended 2013	Declaration Date	Per Share		Date Paid
	December 31	November 1, 2013	$	0.5625	December 31, 2013
	September 30	August 2, 2013		0.5625	September 30, 2013
	June 30	May 6, 2013		0.5625	July 1, 2013
	March 31	March 1, 2013		0.5625	April 1, 2013
	Total 2013		$	2.25
	Amount Declared During Quarter Ended 2012	Declaration Date	Per Share		Date Paid
	December 31	November 2, 2012	$	0.5625	December 31, 2012
	September 30	August 2, 2012		0.5625	October 1, 2012
	June 30	May 15, 2012		0.5625	July 2, 2012
	March 31	March 6, 2012		0.5625	April 2, 2012
	Total 2012		$	2.25
	The table below sets forth the dividends that have been declared by the Company's board of directors on the Series B Preferred Stock during the year ended December 31, 2013:
	Amount Declared During Quarter Ended 2013	Declaration Date	Per Share		Date Paid
	December 31	November 1, 2013	$	0.4140625	December 31, 2013
	September 30	August 2, 2013		0.4140625	September 30, 2013
	June 30 (prorated for April 16, 2013 to June 30, 2013)	May 6, 2013		0.34505	July 1, 2013
	Total 2013		$	1.173175
	Common Stock
	On April 20, 2011, the Company completed the IPO of its common stock. The IPO resulted in the sale of 13,750,000 shares of the Company's common stock at a price of $13.00 per share. The Company received net proceeds of $166.3 million, reflecting gross proceeds of $178.8 million, net of underwriting fees of $12.5 million. On May 13, 2011, the underwriters of the Company's IPO exercised their option to purchase an additional 2,062,500 shares of common stock at $13.00 per share, generating an additional $26.8 million of gross proceeds and $24.9 million of net proceeds after the underwriters' discount and offering costs. The total gross proceeds to the Company from the IPO and the exercise of the overallotment option was approximately $205.6 million. The Company incurred Formation Transaction costs and offering costs of $6.2 million, of which $3.7 million was expensed and the remaining $2.5 million was deducted from the gross proceeds of the IPO. Total underwriters' discounts, commissions and offering costs of $16.9 million are reflected as a reduction to additional paid-in capital on the Consolidated Balance Sheets of the Company.
	On May 29, 2012, the Company completed an underwritten public offering of 8,337,500 of shares common stock at a public offering price of $12.88 per share, inclusive of 1,087,500 shares issued pursuant to the full exercise of the underwriters' overallotment option. The Company received net proceeds of $102.8 million, reflecting gross proceeds of $107.4 million, net of underwriting discounts of $4.6 million. The Company also incurred direct offering costs of $0.5 million. The underwriters' discount of $4.6 million and $0.5 million of direct offering costs incurred are reflected as a reduction to additional paid-in capital on the Consolidated Balance Sheets of the Company. The Company also incurred $0.1 million of indirect offering costs, which are included in offering costs on the accompanying Consolidated and Combined Statements of Operations.
	On August 15, 2012, the Company completed an underwritten public offering of 9,200,000 of shares common stock at a public offering price of $14.15 per share, inclusive of 1,200,000 shares issued pursuant to the full exercise of the underwriters' option. The Company received net proceeds of $124.6 million, reflecting gross proceeds of $130.2 million, net of the underwriters' discount of $5.5 million. The Company also incurred direct offering costs of $0.2 million. The underwriters' discount of $5.5 million and $0.2 million of direct offering costs incurred are reflected as a reduction to additional paid-in capital on the Consolidated Balance Sheets of the Company.
	On December 14, 2012, the Company announced that it had established an "at the market" ("ATM") stock offering program through which it may sell from time to time up to an aggregate of $75.0 million of its common stock through sales agents. During the years ended December 31, 2013 and December 31, 2012, the Company sold 2,672,692 and 298,000 shares of common stock, respectively, under its ATM. During the years ended December 31, 2013 and December 31, 2012, the Company received net proceeds of $53.9 million and $5.3 million, reflecting gross proceeds of $54.7 million and $5.4 million, net of the sales agents' fees of approximately $0.8 million and $0.1 million, respectively. The Company used the net proceeds for acquisitions and general corporate purposes. As of December 31, 2013, there was approximately $14.9 million of common stock available to be sold under the ATM.
	On January 22, 2013, the Company completed an underwritten public offering of 6,284,152 shares of common stock (including 819,672 shares issued pursuant to the full exercise of the underwriters' option) at a public offering price of $18.30 per share. The Company received net proceeds of $110.1 million, reflecting gross proceeds of $115.0 million net of the underwriters discount of $4.9 million. The Company also incurred direct offering costs of $0.2 million. The underwriters' discount of $4.9 million and $0.2 million of direct offering costs incurred are reflected as a reduction to additional paid-in capital on the Consolidated Balance Sheet of the Company. The Company used the proceeds to fully pay down the then outstanding balance on the Unsecured Credit Facility.
	On August 15, 2013, the Company's board of directors voted to increase the frequency of the payment of the Company's common stock dividend from quarterly to monthly. On September 24, 2013, the Company's board of directors declared dividends on the Company's common stock for each month of the fourth quarter of $0.10 per share, which equates to $0.30 per share on a quarterly basis.
	The table below sets forth the dividends that have been declared by the Company's board of directors on its common stock during the years ended December 31, 2013 and December 31, 2012, respectively:
	Amount Declared During 2013	Declaration Date	Per Share		Date Paid
	Month ended December 31	September 24, 2013	$	0.1	January 15, 2014
	Month ended November 30	September 24, 2013		0.1	December 16, 2013
	Month ended October 31	September 24, 2013		0.1	November 15, 2013
	Quarter ended September 30	August 2, 2013		0.3	October 15, 2013
	Quarter ended June 30	May 6, 2013		0.3	July 15, 2013
	Quarter ended March 31	March 1, 2013		0.3	April 15, 2013
	Total 2013		$	1.2
	Amount Declared During Quarter Ended 2012	Declaration Date	Per Share		Date Paid
	December 31	November 2, 2012	$	0.27	January 15, 2013
	September 30	August 2, 2012		0.27	October 15, 2012
	June 30	May 15, 2012		0.27	July 13, 2012
	March 31	March 6, 2012		0.26	April 13, 2012
	Total 2012		$	1.07
	On December 18, 2013, the Company's board of directors approved a 5% increase in the Company's annual common stock dividend from the 2013 annual rate of $1.20 per share to $1.26 per share commencing with the payment of the January 2014 common stock dividend to be paid in February 2014.
	All of the Company's independent directors elected to receive shares of common stock in lieu of cash for their fees for serving as members of the board and/or chairmen of various committees during 2013 and 2012. The shares of common stock are issued to the independent directors pursuant to the STAG Industrial, Inc. 2011 Equity Incentive Plan, as amended (the "2011 Plan"). The number of shares of common stock granted is calculated based on the trailing 10-day average common stock price ending on the third business day preceding the grant date. The fair value of the shares of the common stock granted is calculated based on the closing stock price per the NYSE on the grant date multiplied by the number of shares of common stock granted. The table below sets forth the grants of common stock for the members' service during quarters ended in 2013 and 2012 as below:
	Service During Quarter Ended 2013	Grant Date	Shares		Fair Value
	December 31	January 15, 2014		2,554	$	52,000
	September 30	October 15, 2013		2,607		53,000
	June 30	July 15, 2013		2,602		53,000
	March 31	April 15, 2013		2,418		52,000
	Total 2013			10,181	$	210,000
	Service During Quarter Ended 2012	Grant Date	Shares		Fair Value
	December 31	January 15, 2013		2,851	$	54,000
	September 30	October 15, 2012		2,876		49,000
	June 30	July 13, 2012		3,108		46,000
	March 31	April 13, 2012		3,776		50,000
	Total 2012			12,611	$	199,000
	Restricted Stock-Based Compensation
	Concurrently with the closing of the IPO, the Company granted a total of 80,809 restricted shares of common stock with a fair value of $1.0 million ($12.21 per share) to certain employees of the Company pursuant to the 2011 Plan. The shares of restricted common stock are subject to time-based vesting and will vest, subject to the recipient's continued employment, in five equal installments on each anniversary of the date of grant. Holders of restricted stock have voting rights and rights to receive dividends. Restricted stock may not be sold, assigned, transferred, pledged or otherwise disposed of and is subject to a risk of forfeiture prior to the expiration of the applicable vesting period. The restricted stock fair value on the date of grant is amortized on a straight-line basis as non-cash compensation expense over the service period during which term the stock fully vests.
	On January 3, 2012, the Company granted 87,025 shares of time-based restricted common stock to certain employees of the Company pursuant to the 2011 Plan, with a fair value of $1.0 million ($11.89 per share).
	On January 3, 2013, the Company granted 106,268 shares of time-based restricted common stock to certain employees of the Company pursuant to the 2011 Plan, with a fair value of $1.9 million ($18.11 per share).
During the years ended December 31, 2013, December 31, 2012 and the period April 20, 2011 to December 31, 2011, 32,012, 16,161 and 0 restricted shares vested with fair values of $0.6 million, $0.2 million and $0, respectively. The Company recognizes non-cash compensation expense ratably over the vesting period, and accordingly, the Company recognized $0.8 million and $0.4 million in non-cash compensation expense related to restricted shares for the years ended December 31, 2013 and December 31, 2012, respectively. Unrecognized compensation expense for the remaining life of these awards was $2.5 million and $1.5 million as of December 31, 2013 and December 31, 2012, respectively. As of December 31, 2013 and December 31, 2012, there were 11,540 and 1,559 forfeitures of shares of restricted common stock, respectively.

Noncontrolling_Interest

Noncontrolling Interest	12 Months Ended
	Dec. 31, 2013
Noncontrolling Interest	'
Noncontrolling Interest	'
	8. Noncontrolling Interest
	Noncontrolling interests in the Operating Partnership are interests in the Operating Partnership that are not owned by the Company. As of December 31, 2013, noncontrolling interests consisted of 6,299,186 Common Units and 599,464 LTIP units, which in total represented an approximately 13.35% limited partnership interest in the Operating Partnership. As of December 31, 2012, noncontrolling interests consisted of 5,743,958 Common Units and 413,551 LTIP units, which in total represented an approximately 14.71% limited partnership interest in the Operating Partnership. The Company adjusts the carrying value of noncontrolling interest to reflect its share of the book value of the Operating Partnership when there has been a change in the Company's ownership of the Operating Partnership. Such adjustments are recorded to additional paid-in capital as a rebalancing of noncontrolling interest on the accompanying Consolidated Statements of Equity.
	Common Units
	The Common Units issued at the time of the Formation Transactions were issued at fair value for an issuance price of $13.00 per Common Unit. Common Units and shares of the Company's common stock have essentially the same economic characteristics in that Common Units and shares of the Company's common stock share equally in the total net income or loss distributions of the Operating Partnership. Investors who own Common Units have the right to cause the Operating Partnership to redeem any or all of their Common Units for cash equal to the then-current market value of one share of the Company's common stock, or, at the Company's election, shares of common stock on a one-for-one basis. All Common Units will receive the same monthly distribution as the per share dividends on common stock. During the years ended December 31, 2013 and December 31, 2012, 2,186 and 1,861,831 Common Units were redeemed on a one-for-one basis for shares of common stock, respectively.
	On June 15, 2012, the Company acquired six industrial properties for which it paid an acquisition fee in the form of 15,789 Common Units in the Operating Partnership with a fair value of approximately $0.2 million, which is included in property acquisition costs on the accompanying Consolidated Statements of Operations. The issuance of the Common Units was effected in reliance upon an exemption from registration provided by Section 4(2) under the Securities Act of 1933, as amended. The Company relied on the exemption based on representations given by the holders of the Common Units.
	As partial consideration for eight buildings acquired on June 19, 2013, the Company granted 555,758 Common Units in the Operating Partnership with a fair value of approximately $11.5 million based on the Company's NYSE closing stock price on June 19, 2013. The issuance of the Common Units was effected in reliance upon an exemption from registration provided by Section 4(2) under the Securities Act of 1933, as amended. The Company relied on the exemption based on representations given by the holders of the Common Units.
	LTIP Units
	Pursuant to the 2011 Plan, the Company may grant LTIP units in the Operating Partnership. LTIP units, which the Company grants either as free-standing awards or together with other awards under the 2011 Plan, are valued by reference to the value of the Company's common stock, and are subject to such conditions and restrictions as the compensation committee may determine, including continued employment or service, computation of financial metrics and achievement of pre-established performance goals and objectives. Vested LTIP units can be converted to Common Units in the Operating Partnership on a one-for-one basis once a material equity transaction has occurred that results in the accretion of the member's capital account to the economic equivalent of the Common Unit. As of December 31, 2013, all of the outstanding LTIP units have met the aforementioned criteria and holders have the ability to convert the LTIP units to Common Units. All LTIP units, whether vested or not, will receive the same monthly per unit distributions as Common Units, which equal per share dividends on common stock.
	Concurrently with the closing of the IPO, pursuant to the 2011 Plan, the Company granted a total of 159,046 LTIP units to certain executive officers pursuant to the terms of their employment agreements and a total of 41,395 LTIP units to its non-employee independent directors. These LTIP units vest quarterly over five years, with the first vesting date having commenced on June 30, 2011. On January 3, 2012, the Company granted a total of 196,260 LTIP units to certain executive officers and 22,380 LTIP units to its non-employee, independent directors pursuant to the 2011 Plan. The fair value of the LTIP units was approximately $2.3 million and $2.5 million at the April 20, 2011 and January 3, 2012 grant dates, respectively, which was determined by a lattice binomial option-pricing model based on a Monte Carlo simulation using a volatility factor of 55% and 50%, a risk-free interest rate of 2.10% and 3.40%, an expected annual dividend yield of 6.0% and 6.5% and terms of 10 years, respectively.
	On January 3, 2013, the Company granted a total of 173,044 LTIP units to certain executive officers and 14,525 LTIP units to its non-employee, independent directors pursuant to the 2011 Plan. The fair value of the LTIP units was approximately $3.3 million, which was determined by a lattice binomial option-pricing model based on a Monte Carlo simulation using a volatility factor of 45%, a risk-free interest rate of 1.97%, an expected annual dividend yield of 6.0% and a term of 10 years.
	During the years ended December 31, 2013, December 31, 2012 and the period April 20, 2011 to December 31, 2011, 119,852, 82,440 and 30,066 LTIP units vested with fair values of $2.4 million, $1.3 million and $0.3 million, respectively. During the year ended December 31, 2013, 1,656 LTIP units were redeemed for Common Units. During the year ended December 31, 2013, there were no forfeitures of LTIP units. On May 7, 2012, the Company's non-employee director, Edward F. Lange, did not stand for re-election. Consequently, he forfeited 10,875 unvested LTIP units and the Company expensed the dividends previously paid to Mr. Lange on the unvested LTIP units in the amount of $8 thousand. On July 17, 2012, the Board of Directors elected Christopher P. Marr to serve as a director of the Company, Chairman of the Company's Nominating and Corporate Governance Committee and a member of the Company's Compensation Committee, effective August 2, 2012. On August 2, 2012 the Company granted Mr. Marr 5,345 LTIP units with a fair value of $0.1 million.
	The Company recognized $1.6 million, $0.9 million in non-cash compensation expense for the years ended December 31, 2013 December 31, 2012, and $0.3 million for the period from April 20, 2011 to December 31, 2011. The Company recognized zero non-cash compensation expense for the period from January 1, 2011 to April 19, 2011. Unrecognized compensation expense was $5.2 million, $3.5 million and $2.0 million related to the LTIP units at December 31, 2013, December 31, 2012 and December 31, 2011, respectively, and is included in additional paid-in capital on the accompanying Consolidated Statements of Equity.

Future_Minimum_Rents

Future Minimum Rents	12 Months Ended
	Dec. 31, 2013
Future Minimum Rents	'
Future Minimum Rents	'
	9. Future Minimum Rents
	The Company's properties are leased to tenants under triple net, modified, and gross leases. Minimum lease payments receivable, excluding tenant reimbursement of expenses, under non-cancelable operating leases in effect as of December 31, 2013 are approximately as follows (in thousands):
	2014	$	134,391
	2015		121,243
	2016		106,356
	2017		85,455
	2018		66,355
	Thereafter		211,117
	No single tenant represented more than 10% of the Company's total rental income for the years ended December 31, 2013, December 31, 2012, the periods from April 20, 2011 to December 31, 2011 and January 1, 2011 to April 19, 2011.

Earnings_Per_Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2013
Earnings Per Share	'
Earnings Per Share	'
	10. Earnings Per Share
	A participating security is defined by GAAP as an unvested stock-based payment award containing non-forfeitable rights to dividends and must be included in the computation of earnings per share pursuant to the two-class method. Unvested restricted stock awards are considered participating securities as these stock-based awards contain non-forfeitable rights to dividends irrespective of whether the awards ultimately vest or expire. During the years ended December 31, 2013, December 31, 2012 and the period April 20, 2011 to December 31, 2011, there were 218,934, 155,488 and 80,809, respectively, unvested shares of restricted stock on a weighted average basis that were considered participating securities, which were not dilutive. For purposes of calculating basic and diluted earnings per share, awards under the 2011 Outperformance Program (the "OPP") (to be discussed in Note 14) are considered contingently issuable shares. Because the OPP awards require the Company to outperform absolute and relative return thresholds, unless such thresholds have been met by the end of the applicable reporting period, the Company excludes the awards from the basic and diluted earnings per share calculation. As of December 31, 2013 and December 31, 2012, the absolute and relative return thresholds were met; however, the OPP awards have been excluded from the diluted earnings per share calculation as they were anti-dilutive. As of December 31, 2011, the absolute and relative return thresholds were not met. In no event will the 2011 OPP awards be earned and paid out unless the absolute and relative prefomance thesholds are met on September 20, 2014
	The following tables set forth the computation of basic and diluted earnings per common share for the years ended December 31, 2013, December 31, 2012 and the period from April 20, 2011 to December 31, 2011, respectively (in thousands, except share data).
		Year ended
		December 31, 2013
	Numerator
	Net income from continuing operations	$	106
	Less: preferred stock dividends		9,495
	Less: amount allocable to unvested restricted stockholders		262
	Less: noncontrolling interest after preferred stock dividends allocable to continuing operations		(1,267	)
	Loss from continuing operations available to common stockholders	$	(8,384	)
	Income attributable to discontinued operations	$	4,796
	Less: noncontrolling interest allocable to discontinued operations		647
	Income from discontinued operations attributable to common stockholders	$	4,149
	Denominator
	Weighted average common shares outstanding—basic and diluted		42,364,125
	Loss from continuing operations attributable to common stockholders	$	(0.20	)
	Income from discontinued operations attributable to common stockholders		0.1
	Loss per share—basic and diluted	$	(0.10	)
		Year ended
		December 31, 2012
	Numerator
	Net loss from continuing operations	$	(7,817	)
	Less: preferred stock dividends		6,210
	Less: amount allocable to unvested restricted stockholders		122
	Less: noncontrolling interest after preferred stock dividends allocable to continuing operations		(3,180	)
	Loss from continuing operations available to common stockholders	$	(10,969	)
	Loss attributable to discontinued operations	$	(2,382	)
	Less: noncontrolling interest allocable to discontinued operations		(540	)
	Loss from discontinued operations attributable to common stockholders	$	(1,842	)
	Denominator
	Weighted average common shares outstanding—basic and diluted		25,046,664
	Loss from continuing operations attributable to common stockholders	$	(0.44	)
	Loss from discontinued operations attributable to common stockholders		(0.07	)
	Loss per share—basic and diluted	$	(0.51	)
		Period from
		April 20, 2011 to
		December 31, 2011
	Numerator
	Net loss from continuing operations	$	(10,510	)
	Less: preferred stock dividends		1,018
	Less: Amount allocable to unvested restricted stockholders		—
	Less: noncontrolling interest after preferred stock dividends allocable to continuing operations		(3,821	)
	Loss from continuing operations available to common stockholders	$	(7,707	)
	Income attributable to discontinued operations	$	1,283
	Less: noncontrolling interest allocable to discontinued operations		425
	Income from discontinued operations available to common stockholders	$	858
	Denominator
	Weighted average common shares outstanding—basic and diluted		15,630,910
	Loss from continuing operations attributable to common stockholders	$	(0.49	)
	Income from discontinued operations attributable to common stockholders		0.05
	Loss per common share—basic and diluted	$	(0.44	)
	Earnings (loss) per share are not presented for the period January 1, 2011 to April 19, 2011 as the IPO did not close until April 20, 2011.

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2013
Commitments and Contingencies	'
Commitments and Contingencies	'
	11. Commitments and Contingencies
	The Company is subject to various legal proceedings and claims that arise in the ordinary course of business. These matters are generally covered by insurance subject to deductible requirements. Management believes that the ultimate settlement of these actions will not have a material adverse effect on the Company's financial position, results of operations or cash flows
	On April 18, 2012, the Company entered into an agreement with affiliates of Columbus Nova Real Estate Acquisition Group, Inc. ("Columbus Nova") to source sale leaseback transactions for potential acquisitions by the Company. The agreement called for various fees to be paid to Columbus Nova for its services including acquisition fees and a one-time incentive fee if certain performance thresholds are met. On June 15, 2012, the Company acquired six industrial properties for an aggregate purchase price of approximately $30.0 million directly from Columbus Nova that are subject to the one-time incentive fee. To the extent the Company has received a 10% internal rate of return on its invested equity on May 31, 2017, Columbus Nova will earn 20% of the returns exceeding the 10% internal rate of return. The returns will be calculated based on distributions from June 15, 2012 through May 31, 2017 and a hypothetical liquidation of the ending value of the properties owned at May 31, 2017 to be valued by third party appraisers. The fee, if any, will be paid in common stock or cash at the Company's discretion and subject to certain conditions. The fair value of the incentive fee will be measured at each balance sheet date and, to the extent there is value in the incentive fee, it will be recognized as a liability. The hypothetical liquidation of the ending value of the properties was determined using a discounted cash flow analysis. The estimated cash flows used are based on the Company plans for the property and views of market and economic conditions. The estimates consider items such as market capitalization rates, discount rates, current and future rental rates, estimated operating and capital expenditures, and estimated downtime. These estimates are prepared using known data at comparable Company owned properties as well market data obtained from third party sources such as real estate leasing and brokerage firms. As of December 31, 2013 and December 31, 2012, respectively, the fair value of the incentive fee was zero. The fair value was calculated using the following key Level 3 inputs: discount rate of approximately 9.5%, exit capitalization rate of 9.0%, and market rent and expense growth rates of 1% to 3%.
	Ground and Operating Lease Agreements
	The Company is the lessee for five separate ground leases. The Company incurred ground rent expense of $0.4 million for the year ended December 31, 2013, $0.2 million for the year ended December 31, 2012, $0.1 million and $0 for the periods April 20, 2011 to December 31, 2011 and January 1, 2011 to April 19, 2011, respectively. One ground lease expires in December 2023 and one ground lease expires in April 2048 both with options to extend.
	On October 9, 2012, the Company acquired two adjacent buildings that are subject to one non-cancelable operating ground lease agreement which commenced on May 1, 1994 and has a forty year term expiring April 30, 2034. The ground lease provides for monthly minimum rent and future rent increases. For the year ended December 31, 2013 and the period from October 9, 2012 to December 31, 2012, the Company expensed ground lease payments under this operating lease in the amount of $0.1 million and $33 thousand, respectively. Rent adjustments are every five years on the basis of increases in the Consumer Price Index ("CPI") or fair market value pursuant to certain clauses in the lease agreement.
	On July 31, 2013, the Company acquired one building that is subject to a non-cancelable operating ground lease agreement which commenced on July 1, 2013 and is set to expire on June 30, 2033, with options to extend. The ground lease provides for monthly ground rent and future rent increases. Rent adjustments are every five years on the basis of increases in the CPI pursuant to certain clauses in the lease agreement. The Company incurred rent expense of $20 thousand for the period from July 31, 2013 to December 31, 2013. The terms of the remaining ground lease is discussed further below.
	The Company is also the lessee for three operating leases that expire in May 2014, May 2016 and March 2021, and the Company incurred rent expense of $0.5 million, $0.4 million, $0.3 million and $0 for the years ended December 31, 2013 and December 31, 2012, for the periods April 20, 2011 to December 31, 2011 and January 1, 2011 to April 19, 2011, respectively.
	Future minimum rental payments under the terms of the fixed non-cancelable ground leases and operating leases under which the Company is the lessee as of December 31, 2013 are as follows (in thousands):
	2014(1)	$	1,134
	2015(1)		1,433
	2016(1)		1,201
	2017(1)		1,029
	2018(1)		1,134
	Thereafter(1)		9,246
	-1
	Future minimum rent payments do not include estimates of CPI rent changes required by the lease agreements. Therefore, actual minimum rental payments may differ than those presented.
	On October 9, 2012, the Company acquired one building that is subject to a non-cancelable operating ground lease agreement which commenced on October 28, 1996 and is set to expire on December 31, 2038. The ground lease provides for monthly ground rent and future rent increases. Rent adjustments are every five years on the basis of increases in the CPI pursuant to certain clauses in the lease agreement. The tenant in the building is obligated to pay directly to the land owner their obligations under their lease related to the ground lease payments assumed by the tenant. To the extent the tenant fails to make the ground lease payments, the Company would recognize the expense for the obligation. The Company estimates that the ground lease payments, which are the responsibility of the tenant, were approximately $0.1 million and $33 thousand for the year ended December 31, 2013 and the period from October 9, 2012 to December 31, 2012. As the future payments are not fixed and payment is the responsibility of the tenant, the amounts were not included in the table above.

Concentrations_of_Credit_Risk

Concentrations of Credit Risk	12 Months Ended
	Dec. 31, 2013
Concentrations of Credit Risk	'
Concentrations of Credit Risk	'
	12. Concentrations of Credit Risk
	Concentrations of credit risk arise when a number of tenants related to the Company's investments or rental operations are engaged in similar business activities, are located in the same geographic region, or have similar economic features that would cause their inability to meet contractual obligations, including those to the Company, to be similarly affected. The Company regularly monitors its tenant base to assess potential concentrations of credit risk. Management believes the current credit risk portfolio is reasonably well diversified and does not contain any unusual concentration of credit risk. No single tenant accounted for more than 10% of rental income for the years ended December 31, 2013, December 31, 2012 and the period ended from April 20, 2011 to December 31, 2011. No tenant accounted for more than 10% of the Predecessor's related income for the period from January 1, 2011 to April 19, 2011. Recent developments in the general economy and the global credit markets have had a significant adverse effect on companies in numerous industries. The Company has tenants concentrated in various industries that may be experiencing adverse effects from the current economic conditions and the Company could be adversely affected if such tenants default on their leases. The Company has tenants concentrated in three industries, Automotive, Containers & Packaging, and Industrial Equipment, Component and Metals.

Employee_Benefit_Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2013
Employee Benefit Plans	'
Employee Benefit Plans	'
	13. Employee Benefit Plans
	Effective April 20, 2011, the Company adopted a 401(k) Defined Contribution Savings Plan (the "Plan") for its employees. Under the Plan, as amended, employees, as defined, are eligible to participate in the Plan after they have completed three months of service. The Company provides a discretionary match of 50% of the employee's contributions annually up to 6.0% of the employee's annual salary. The Company's aggregate matching contribution for the years ended December 31, 2013, December 31, 2012 and for the period April 20, 2011 through December 31, 2011was $0.1 million, $0.1 million and $46 thousand, respectively. The Company's contribution is subject to a three-year vesting schedule.

Equity_Incentive_Plan

Equity Incentive Plan	12 Months Ended
	Dec. 31, 2013
Equity Incentive Plan	'
Equity Incentive Plan	'
	14. Equity Incentive Plan
	On April 1, 2011, the Company adopted, and the Company's stockholders approved, the 2011 Plan. The 2011 Plan provides for the issuance of equity-based awards, including stock options, stock appreciation rights, restricted stock, restricted stock units, unrestricted stock awards and other awards based on shares of the Company's common stock, such as LTIP units in the Operating Partnership, that may be made by the Company directly to the executive officers, directors, employees and other individuals providing bona fide services to or for the Company.
	Subject to certain adjustments identified within the 2011 Plan, the aggregate number of shares of the Company's common stock that were available for issuance under awards granted was 1,755,187 shares. At their annual meeting on May 6, 2013, the stockholders of the Company approved an amendment to the 2011 Plan that increased the number of shares of common stock that may be awarded under the 2011 Plan by 1,887,274 shares to an aggregate of 3,642,461 shares (7.5% of the shares of common stock and common units (including LTIP units) issued and outstanding as of March 27, 2013). Under the 2011 Plan, each LTIP unit awarded will be equivalent to an award of one share of common stock reserved under the 2011 Plan, thereby reducing the number of shares of common stock available for other equity awards on a one-for-one basis.
	Each stock option and stock appreciation right granted under the 2011 Plan will have a term of no longer than 10 years, and will have an exercise price that is no less than 100% of the fair market value of the Company's common stock on the date of grant of the award. Stock appreciation rights confer on the participant the right to receive cash, common stock or other property, as determined by the 2011 Plan administrator, equal to the excess of the fair market value of the Company's common stock on the date of exercise over the exercise price of the stock appreciation right. The other terms of stock options and stock appreciation rights granted by the Company will be determined by the 2011 Plan administrator.
	The 2011 Plan may be terminated, amended, modified or suspended at any time by the board of directors, subject to stockholder approval as required by law or stock exchange rules. The 2011 Plan expires on March 31, 2021.
	On September 20, 2011, the compensation committee of the Company's board of directors approved the OPP under the 2011 Plan to provide certain key employees of the Company or its affiliates with incentives to contribute to the growth and financial success of the Company. The OPP utilizes total stockholder return over a three-year measurement period as the performance measurement.
	Recipients of awards under the OPP will share in an outperformance pool if the Company's total stockholder return, including both share appreciation and dividends, exceeds an absolute hurdle over a three-year measurement period from September 20, 2011 to September 20, 2014 (the "measurement period"), based on a beginning value of $12.50 per share of the Company's common stock as well as a relative hurdle based on the MSCI US REIT Index. The aggregate reward that all recipients collectively can earn, as measured by the outperformance pool, is capped at $10.0 million.
	Provided the Company's increase in cumulative absolute total stockholder return over the three-year measurement period is equal to or greater than 25% (the "threshold percentage"), the outperformance pool will consist of 10% of the excess total stockholder return above a relative total stockholder return hurdle. The hurdle is equal to the total return of the MSCI US REIT Index plus five percentage points over the measurement period. No awards will be granted under the OPP if the Company's absolute total stockholder return is below the threshold percentage. If the Company's total stockholder return is equal to or in excess of the threshold percentage and greater than the relative total stockholder return hurdle, then the award recipients will be entitled to the payments described below.
	Each participant's award under the OPP is designated as a specified percentage of the aggregate outperformance pool. Assuming the applicable absolute and relative total stockholder return thresholds are achieved at the end of the measurement period, the outperformance pool will be calculated and then allocated among the award recipients in accordance with each individual's percentage. The award will be paid in the form of fully vested shares of the Company's common stock, unless the compensation committee elects, with the award recipient's consent, to issue the award recipient other securities or to make a cash payment to the award recipient equal to the award recipient's share of the outperformance pool. The number of shares of common stock earned by each award recipient will be determined at the end of the measurement period by dividing the recipient's share of the outperformance pool by the closing price of the Company's common stock on the valuation date. On September 26, 2011, the compensation committee awarded 100% of the interests in the OPP to key employees of the Company.
	The awards provided to the employees will vest 100% at the end of the measurement period provided that the award recipient is a service provider to the Company. To the extent the employee is terminated without cause, the awards will have vested based on the number of days during the measurement period that they are considered a service provider to the Company.
	The OPP awards were valued at approximately $1.2 million utilizing a Monte Carlo simulation to estimate the probability of the performance conditions being satisfied. The Monte Carlo simulation used a statistical formula underlying the Black-Scholes and binomial formulas and such simulation was run approximately 100,000 times. For each simulation, the payoff is calculated at the settlement date, which is then discounted to the award date at a risk-free interest rate. The average of the values over all simulations is the expected value of the award on the award date. Assumptions used in the valuations included (i) factors associated with the underlying performance of the Company's stock price and total stockholder return over the term of the performance awards including total stock return volatility and risk-free interest and (ii) factors associated with the relative performance of the Company's stock price and total stockholder return when compared to the MSCI US REIT Index. The valuation was performed in a risk-neutral framework, so no assumption was made with respect to an equity risk premium. The fair value of the OPP awards was estimated on the date of grant using the following assumptions in the Monte- Carlo valuation: expected price volatility for the Company and the MSCI US REIT Index of 55% and 59.3%, respectively, and a risk free rate of 0.3423%. The expense associated with the value of the OPP awards will be amortized on a straight-line basis over the measurement period. The Company recognized $0.4 million, $0.4 million and $0.1 million in compensation expense associated with the OPP during the years ended December 31, 2013, December 31, 2012 and the period from April 20, 2011 to December 31, 2011, respectively.
	The Company issued 106,268, 87,025 and 80,809 shares of restricted stock and 187,569, 223,985 and 200,441 of LTIP units during the years ended December 31, 2013, December 31, 2012 and the period from April 20, 2011 to December 31, 2011, respectively. Dividends paid on both vested and unvested shares of restricted stock are charged directly to common stock dividends in excess of earnings on the Consolidated Balance Sheets. Non-cash compensation expense associated with shares issued to directors, restricted stock, LTIP units, and the OPP was approximately $3.0 million, $1.9 million and $0.7 million for the years ended December 31, 2013, December 31, 2012 and the period April 20, 2011 to December 31, 2011, respectively. The unrecognized compensation expense associated with the LTIP units, the restricted stock, and the OPP awards was $5.2 million, $2.5 million and $0.3 million, respectively, at December 31, 2013 and is expected to be recognized over a weighted average period of approximately 3.3 years. The unrecognized compensation expense associated with the LTIP units, the restricted stock, and the OPP awards was $3.5 million, $1.5 million and $0.7 million, respectively, at December 31, 2012 and is expected to be recognized over a weighted average period of approximately 3.5 years. As of December 31, 2013 and December 31, 2012, there were 214,389 and 150,114 of unvested restricted stock and 368,760 and 301,043 of LTIP units outstanding, respectively.
	At December 31, 2013 and December 31, 2012, the number of shares available for issuance under the 2011 Plan was 2,778,779 and 1,175,362, respectively. This does not include an allocation for the OPP as the awards were not determinable as of December 31, 2013 and December 31, 2012. Additionally, there have been no shares or units issued under the OPP as of December 31, 2013.

RelatedParty_Transactions

Related-Party Transactions	12 Months Ended
	Dec. 31, 2013
Related-Party Transactions	'
Related-Party Transactions	'
	15. Related-Party Transactions
	On June 6, 2007, STAG Predecessor Group entered into a loan guarantee agreement with an affiliate of NED Credit Inc. The loan guarantee was for the Anglo Irish bridge loan dated August 11, 2006 and amended on June 6, 2007, which was paid in full at the IPO. STAG Predecessor Group agreed to pay the guarantor an annual fee for the guarantor's provision of the guaranty in an amount equal to nine percent (9.0%) per annum of the outstanding balance of the bridge loan. STAG Predecessor Group expensed $0.9 million in such guarantee fees, which are included in interest expense on the Consolidated and Combined Statements of Operations, for the period January 1, 2011 to April 19, 2011. Subsequent to the Formation Transactions, the Company was not responsible for bridge loan guarantee fees.
	Prior to the IPO, STAG Predecessor Group was obligated to pay asset management fees to an affiliate, STAG Capital Partners, LLC (the "Management Company") in consideration of the Management Company's agreement that it provide reasonable and customary advisory and asset management services to STAG Predecessor Group. STAG Predecessor Group expensed $0.2 million in such asset management fees for the period January 1, 2011 to April 19, 2011. Subsequent to the Formation Transactions, the Company no longer incurs asset management fees to the Management Company.
	As part of the Formation Transactions, the Company formed a new management company, STAG Industrial Management, LLC (the "Manager"), which is a subsidiary of the Company. The Manager is performing certain asset management services for STAG Investments II, LLC ("Fund II"), a private, fully-invested fund that is an affiliate of the Company and owned 44 buildings with approximately 7.4 million rentable square feet as of December 31, 2013. The Manager is paid an annual asset management fee based on the equity investment in the Fund assets, which is 1.25% of the equity investment. In June 2013, Fund II and the Company amended the Service Agreement to exclude disposition services from the asset management services to be performed by the Company and results in a concomitant reduction in the asset management fee. The Company recognized asset management fee income of $0.8 million, $1.1 million and $0.9 million for the years ended December 31, 2013, December 31, 2012 and for the period from April 20, 2011 to December 31, 2011, respectively, which is included in other income on the accompanying Consolidated Statements of Operations. As of December 31, 2013 and December 31, 2012, the Company had a receivable in the amount of $0.2 million and $0.5 million related to the asset management fee income included within due from related parties on the accompanying Consolidated Balance Sheets, which was subsequently received on February 7, 2014 and January 17, 2013, respectively.
	While most of the real estate assets of Fund III comprise the assets of the STAG Predecessor Group, Fund III retained ownership of the Option Properties. The Manager had entered into a services agreement with Fund III pursuant to which it would manage the Option Properties for an annual fee of $30 thousand per property, and would provide the limited administrative services (including preparation of reports for the Fund III lender and investors, bookkeeping, tax and accounting services) that Fund III will require, for an annual fee of $20 thousand. As the last remaining Option Property was sold in 2013, the Manager will only receive the annual fee of $20 thousand until Fund III's liquidation.
	STAG Investments IV, LLC ("Fund IV"), as part of the STAG Contribution Group, contributed all of its real estate assets to the Company. The Manager had entered into a services agreement with Fund IV pursuant to which it would provide the limited administrative services (including preparation of reports for the Fund IV investors, bookkeeping, tax and accounting services) that Fund IV would require until its liquidation for an annual fee of $20 thousand. Fund IV was liquidated on September 10, 2012 and, as a result, the Manager no longer receives an annual fee.
	On October 9, 2012, the Company acquired 31 industrial properties representing 4.3 million square feet for a purchase price of $127.6 million from STAG Investments Holdings II, LLC, a wholly owned subsidiary of Fund II, which are related parties of the Company through common management. A special committee of independent members of the Board was formed to address conflicts arising from the common management. The special committee engaged its independent counsel and broker to manage the acquisition. On October 31, 2012, the Company acquired one additional industrial property from the Fund for a purchase price of $5.0 million. On April 5, 2013, the Company acquired an additional industrial property from the Fund for the purchase price of $6.2 million. The acquisitions were funded using draws from the Unsecured Credit Facility. The Manager and its predecessor, the Management Company, served as the asset manager of Fund II for all periods presented. At December 31, 2012, the due from related parties on the accompanying Consolidated Balance Sheets included $0.2 million due from the Fund related to a true-up of final settlement statement pro-rations, and the amount was subsequently received on February 27, 2013.

Selected_Interim_Financial_Inf

Selected Interim Financial Information (unaudited)	12 Months Ended
	Dec. 31, 2013
Selected Interim Financial Information (unaudited)	'
Selected Interim Financial Information (unaudited)	'
	16. Selected Interim Financial Information (unaudited)
	The tables below reflect the Company's selected quarterly information for the quarters ended December 31, 2013, September 30, 2013, June 30, 2013, March 31, 2013, December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012.
		STAG Industrial, Inc.
		Quarter ended			Quarter ended			Quarter ended			Quarter ended
		December 31,			September 30,			June 30,			March 31,
		2013			2013			2013			2013
	Total revenue	$	37,418		$	34,644		$	31,842		$	29,988
	Income (loss) from continuing operations	$	1,126		$	265		$	(738	)	$	(547	)
	Net income (loss) attributable to the common stockholders	$	2,098		$	(2,147	)	$	(2,410	)	$	(1,775	)
	Income (loss) per share—basic and diluted	$	0.05		$	(0.05	)	$	(0.06	)	$	(0.04	)
		STAG Industrial, Inc.
		Quarter ended			Quarter ended			Quarter ended			Quarter ended
		December 31,			September 30,			June 30,			March 31,
		2012			2012			2012			2012
	Total revenue	$	26,877		$	20,878		$	19,116		$	17,181
	Income (loss) from continuing operations	$	(2,973	)	$	(1,371	)	$	(2,028	)	$	(1,445	)
	Net income (loss) attributable to the common stockholders	$	(3,372	)	$	(5,262	)	$	(2,235	)	$	(1,942	)
	Income (loss) per share—basic and diluted	$	(0.10	)	$	(0.18	)	$	(0.11	)	$	(0.12	)
	Total revenue and income (loss) from continuing operations presented in the tables above will not agree to previously filed financial statements on Forms 10-Q due to the reclassification of amounts from continuing operations to discontinued operations for property sales. Refer to Note 3 for the details of properties sold.

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2013
Subsequent Events	'
Subsequent Events	'
	17. Subsequent Events
	GAAP requires an entity to disclose events that occur after the balance sheet date but before financial statements are issued or are available to be issued ("subsequent events") as well as the date through which an entity has evaluated subsequent events. There are two types of subsequent events. The first type consists of events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements ("recognized subsequent events"). No significant recognized subsequent events were noted. The second type consists of events that provide evidence about conditions that did not exist at the date of the balance sheet but arose subsequent to that date ("non-recognized subsequent events").
	The following non-recognized subsequent events are noted:
	On January 1, 2014, Virgis W. Colbert's appointment to the board of directors became effective.
	On January 2, 2014, the Company granted a total of 203,691 LTIP units to certain senior executive officers, 20,733 LTIP units to non-employee, independent directors, and 103,149 restricted shares of common stock to certain employees of the Company pursuant to the 2011 Plan.
	On February 7, 2014, Gregory W. Sullivan, the Company's Chief Financial Officer, notified the Company that he was not renewing his employment contract at it expiration on April 20, 2014 and that he resigned from the Company effective April 21, 2014. The Company intends to engage Mr. Sullivan as a senior financial advisor for one year to ensure a smooth transition of the chief financial officer.

Schedule_2Valuation_and_Qualif

Schedule 2-Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2013
Schedule 2-Valuation and Qualifying Accounts	'
Schedule 2-Valuation and Qualifying Accounts	'
	STAG Industrial, Inc. and STAG Predecessor Group
	Schedule 2—Valuation and Qualifying Accounts
	December 31, 2013
	(in thousands)
	Allowance for Doubtful Receivables and
	Accrued Rent Reserves
		STAG Industrial, Inc.
		Beginning		Costs and			Amounts			Balance at
		of Period		Expenses			Written Off			End of Period
	12/31/13	$	—	$	19		$	—		$	19
	12/31/12	$	931	$	(105	)	$	(826	)	$	—

Schedule_3Real_Estate_and_Accu

Schedule 3-Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2013
Schedule 3-Real Estate and Accumulated Depreciation	'
Schedule 3-Real Estate and Accumulated Depreciation	'
	STAG Industrial, Inc.
	Schedule 3—Real Estate and Accumulated Depreciation
	December 31, 2013
	(in thousands)
	City/State	Encumbrances(1)			Building and			Land			Costs			Building		Land		Total		Accumulated			Acq Date		Depreciable
					Tenant						Capitalized			Improvements						Depreciation					Lives
					Improvements						Subsequent			and											(Years)
					(initial cost)						to			Equipment
											Acquisition
											and
											Valuation
											Provision
	Albion, IN		—			93			67			—			93		67		160		(17	)		2006		(2	)
	Albion, IN		—			932			103			—			932		103		1,035		(169	)		2006		(2	)
	Albion, IN		—			1,107			55			—			1,107		55		1,162		(201	)		2006		(2	)
	Albion, IN		—			970			332			—			970		332		1,302		(176	)		2006		(2	)
	Albion, IN		—			1,397			52			—			1,397		52		1,449		(253	)		2006		(2	)
	Albion, IN		—			1,528			126			—			1,528		126		1,654		(277	)		2006		(2	)
	Kendallville, IN		—			1,510			142			—			1,510		142		1,652		(273	)		2006		(2	)
	Albion, IN		—			710			187			—			710		187		897		(129	)		2006		(2	)
	Alexandria, MN		—			4,568			960			151			4,719		960		5,679		(398	)		2011		(2	)
	Appleton, WI		—			3,916			495			191			4,107		495		4,602		(693	)		2007		(2	)
	Arlington, TX		—			2,455			413			(45	)		2,410		413		2,823		(394	)		2007		(2	)
	Arlington, TX		—			6,151			1,246			—			6,151		1,246		7,397		(289	)		2012		(2	)
	Atlanta, GA		—			7,437			917			298			7,735		917		8,652		(318	)		2012		(2	)
	Auburn Hills, MI		—			2,246			224			(4	)		2,242		224		2,466		(77	)		2012		(2	)
	Avon, CT		—			2,750			336			—			2,750		336		3,086		(127	)		2012		(2	)
	Belfast, ME		—			10,728			1,883			383			11,111		1,883		12,994		(921	)		2011		(2	)
	Bellevue, OH		—			3,621			381			—			3,621		381		4,002		(181	)		2012		(2	)
	Belvidere, IL		—			3,956			733			—			3,956		733		4,689		(78	)		2013		(2	)
	Belvidere, IL		—			3,436			1,310			—			3,436		1,310		4,746		(91	)		2013		(2	)
	Belvidere, IL		—			2,310			538			—			2,310		538		2,848		(51	)		2013		(2	)
	Belvidere, IL		—			6,899			670			—			6,899		670		7,569		(116	)		2013		(2	)
	Belvidere, IL		—			4,321			668			—			4,321		668		4,989		(91	)		2013		(2	)
	Belvidere, IL		—			3,730			866			—			3,730		866		4,596		(73	)		2013		(2	)
	Belvidere, IL		—			2,808			586			—			2,808		586		3,394		(67	)		2013		(2	)
	Belvidere, IL		—			8,340			1,542			—			8,340		1,542		9,882		(192	)		2013		(2	)
	Belvidere, IL		—			71			216			—			71		216		287		(12	)		2013		(2	)
	Boardman, OH		—			3,482			282			593			4,075		282		4,357		(648	)		2007		(2	)
	Boardman, OH		—			1,979			192			359			2,338		192		2,530		(329	)		2007		(2	)
	Buena Vista, VA		—			2,500			534			—			2,500		534		3,034		(114	)		2012		(2	)
	Buffalo, NY		—			2,924			146			—			2,924		146		3,070		(129	)		2012		(2	)
	Canton, OH		—			5,078			586			128			5,206		586		5,792		(981	)		2007		(2	)
	Catoosa, OK		—			3,937			—			—			3,937		—		3,937		(64	)		2013		(2	)
	Charlotte, NC		(12,541	)		10,239			3,535			525			10,764		3,535		14,299		(994	)		2011		(2	)
	Charlotte, NC		(15,830	)		12,818			2,734			161			12,979		2,734		15,713		(1,277	)		2011		(2	)
	Cheektowaga, NY		—			2,757			216			395			3,152		216		3,368		(293	)		2011		(2	)
	Chesterfield, MI		—			1,169			207			62			1,231		207		1,438		(301	)		2007		(2	)
	Chesterfield, MI		—			798			150			15			813		150		963		(133	)		2007		(2	)
	Chesterfield, MI		—			802			151			131			933		151		1,084		(154	)		2007		(2	)
	Chesterfield, MI		—			5,304			942			972			6,276		942		7,218		(1,293	)		2007		(2	)
	Chicopee, MA		—			5,867			504			—			5,867		504		6,371		(243	)		2012		(2	)
	Chippewa Falls, WI		—			2,303			133			—			2,303		133		2,436		(142	)		2011		(2	)
	Chippewa Falls, WI		—			544			44			—			544		44		588		(33	)		2011		(2	)
	Cincinnati, OH		—			5,172			384			1,751			6,923		384		7,307		(1,142	)		2007		(2	)
	Cleveland, TN		(2,964	)		3,161			554			84			3,245		554		3,799		(260	)		2011		(2	)
	West Columbia, SC		—			6,988			715			102			7,090		715		7,805		(179	)		2013		(2	)
	Conyers, GA		(3,928	)		4,142			969			80			4,222		969		5,191		(331	)		2011		(2	)
	Dallas, GA		—			1,712			475			—			1,712		475		2,187		(78	)		2012		(2	)
	LaGrange, GA		—			3,175			240			41			3,216		240		3,456		(354	)		2011		(2	)
	Danville, KY		—			11,814			965			997			12,811		965		13,776		(1,122	)		2011		(2	)
	Daytona Beach, FL		—			875			1,237			740			1,615		1,237		2,852		(315	)		2007		(2	)
	Dayton, OH		—			3,650			391			624			4,274		391		4,665		(510	)		2007		(2	)
DeKalb, IL		—			4,568			489			—			4,568		489		5,057		(115	)		2013		(2	)
De Pere, WI		—			6,144			525			—			6,144		525		6,669		(265	)		2012		(2	)
Duncan, SC		—			11,352			1,002			44			11,396		1,002		12,398		(519	)		2012		(2	)
Duncan, SC		—			6,928			709			—			6,928		709		7,637		(359	)		2012		(2	)
Edgefield, SC		—			938			220			—			938		220		1,158		(52	)		2012		(2	)
Elkhart, IN		—			210			25			14			224		25		249		(45	)		2007		(2	)
Elkhart, IN		—			3,567			422			161			3,728		422		4,150		(628	)		2007		(2	)
El Paso, TX		—			3,096			—			373			3,469		—		3,469		(137	)		2012		(2	)
East Windsor, CT		(3,360	)		4,713			348			447			5,160		348		5,508		(403	)		2012		(2	)
Lexington, VA		—			445			59			—			445		59		504		(77	)		2007		(2	)
Fairfield, VA		—			2,274			295			177			2,451		295		2,746		(463	)		2007		(2	)
Farmington, NY		—			5,342			410			12			5,354		410		5,764		(908	)		2007		(2	)
Franklin, IN		—			12,042			2,479			—			12,042		2,479		14,521		(713	)		2012		(2	)
Fort Worth, TX		(2,271	)		2,965			389			—			2,965		389		3,354		(257	)		2011		(2	)
Gahanna, OH		(3,649	)		4,191			1,265			1,158			5,349		1,265		6,614		(365	)		2011		(2	)
Georgetown, KY		(2,437	)		2,183			875			—			2,183		875		3,058		(199	)		2011		(2	)
Gloversville, NY		(813	)		1,317			117			(18	)		1,299		117		1,416		(50	)		2012		(2	)
Gloversville, NY		(1,314	)		2,613			151			—			2,613		151		2,764		(123	)		2012		(2	)
Gloversville, NY		(1,189	)		1,790			130			—			1,790		130		1,920		(97	)		2012		(2	)
Gloversville, NY		(939	)		1,514			154			—			1,514		154		1,668		(70	)		2012		(2	)
Golden, CO		—			6,164			742			—			6,164		742		6,906		(154	)		2013		(2	)
Goshen, IN		(6,366	)		6,509			1,442			201			6,710		1,442		8,152		(566	)		2011		(2	)
Greenwood, SC		(1,689	)		1,848			166			—			1,848		166		2,014		(75	)		2012		(2	)
Greenwood, SC		(1,439	)		1,232			169			—			1,232		169		1,401		(58	)		2012		(2	)
Gresham, OR		(9,241	)		8,740			1,730			365			9,105		1,730		10,835		(715	)		2011		(2	)
Gurnee, IL		—			4,902			1,337			—			4,902		1,337		6,239		(312	)		2012		(2	)
Hampstead, MD		—			34,969			780			—			34,969		780		35,749		(438	)		2013		(2	)
Harrisonburg, VA		—			11,179			1,455			—			11,179		1,455		12,634		(355	)		2012		(2	)
Harvard, IL		—			2,980			1,157			—			2,980		1,157		4,137		(17	)		2013		(2	)
St. Louis, MO		(6,432	)		5,815			1,382			—			5,815		1,382		7,197		(582	)		2011		(2	)
Holland, MI		—			5,235			489			428			5,663		489		6,152		(969	)		2007		(2	)
Holland, MI		(3,492	)		3,475			279			60			3,535		279		3,814		(166	)		2012		(2	)
Holland, MI		—			4,046			497			(218	)		3,828		497		4,325		(592	)		2007		(2	)
Houston, TX		—			7,790			2,255			—			7,790		2,255		10,045		(177	)		2013		(2	)
Huntersville, NC		—			3,270			1,061			35			3,305		1,061		4,366		(170	)		2012		(2	)
Idaho Falls, ID		—			2,735			356			—			2,735		356		3,091		(82	)		2013		(2	)
Independence, VA		(1,571	)		2,212			226			—			2,212		226		2,438		(153	)		2012		(2	)
Jackson, MS		—			926			218			—			926		218		1,144		(161	)		2007		(2	)
Jackson, MS		—			3,142			750			565			3,707		750		4,457		(612	)		2007		(2	)
Jackson, TN		—			2,374			230			142			2,516		230		2,746		(88	)		2012		(2	)
Janesville, WI		—			17,493			828			—			17,493		828		18,321		(59	)		2013		(2	)
Jefferson, NC		—			2,875			119			—			2,875		119		2,994		(482	)		2007		(2	)
Johnstown, NY		(813	)		1,304			178			—			1,304		178		1,482		(54	)		2012		(2	)
Johnstown, NY		(1,189	)		1,595			216			(3	)		1,592		216		1,808		(54	)		2012		(2	)
Johnstown, NY		(970	)		978			198			—			978		198		1,176		(54	)		2012		(2	)
Johnstown, NY		(1,815	)		1,467			140			—			1,467		140		1,607		(61	)		2012		(2	)
Kansas City, MO		—			5,581			703			—			5,581		703		6,284		(168	)		2012		(2	)
Kansas City, KS		(1,283	)		1,125			527			—			1,125		527		1,652		(62	)		2012		(2	)
Kentwood, MI		—			2,478			407			—			2,478		407		2,885		(55	)		2013		(2	)
Lafayette, IN		(1,345	)		2,280			295			(47	)		2,233		295		2,528		(78	)		2012		(2	)
Lafayette, IN		(2,284	)		3,554			410			—			3,554		410		3,964		(221	)		2012		(2	)
Lafayette, IN		(4,693	)		8,135			906			26			8,161		906		9,067		(427	)		2012		(2	)
Lansing, MI		(8,735	)		8,164			501			—			8,164		501		8,665		(637	)		2011		(2	)
Lansing, MI		—			4,077			580			—			4,077		580		4,657		(214	)		2012		(2	)
Lansing, MI		(6,257	)		7,162			429			—			7,162		429		7,591		(275	)		2012		(2	)
Lansing, MI		—			5,209			907			—			5,209		907		6,116		(17	)		2013		(2	)
Lewiston, ME		—			5,515			173			360			5,875		173		6,048		(1,057	)		2007		(2	)
Lexington, NC		—			3,968			232			135			4,103		232		4,335		(340	)		2011		(2	)
Londonderry, NH		—			6,683			730			—			6,683		730		7,413		(167	)		2013		(2	)
Louisville, KY		(3,508	)		3,875			386			520			4,395		386		4,781		(380	)		2011		(2	)
Louisville, KY		(5,596	)		6,182			616			632			6,814		616		7,430		(590	)		2011		(2	)
Madison, TN		(6,844	)		6,159			1,655			892			7,051		1,655		8,706		(737	)		2011		(2	)
Malden, MA		—			2,817			366			—			2,817		366		3,183		(475	)		2007		(2	)
Malden, MA		—			3,961			507			—			3,961		507		4,468		(668	)		2007		(2	)
Marion, IA		—			2,257			691			46			2,303		691		2,994		(68	)		2013		(2	)
Marion, IN		(3,191	)		3,010			243			—			3,010		243		3,253		(169	)		2012		(2	)
Marshall, MI		—			1,051			199			—			1,051		199		1,250		(36	)		2013		(2	)
Mascot, TN		—			3,452			385			—			3,452		385		3,837		(14	)		2013		(2	)
Salem, OH		—			6,849			858			—			6,849		858		7,707		(1,127	)		2006		(2	)
Mayville, WI		—			4,118			547			330			4,448		547		4,995		(742	)		2007		(2	)
Mebane, NC		—			4,570			481			—			4,570		481		5,051		(174	)		2012		(2	)
Mebane, NC		—			4,148			443			—			4,148		443		4,591		(169	)		2012		(2	)
Mebane, NC		—			4,999			358			—			4,999		358		5,357		(31	)		2013		(2	)
Milwaukee, WI		—			4,090			456			—			4,090		456		4,546		(663	)		2007		(2	)
Milwaukee, WI		—			5,283			1,048			368			5,651		1,048		6,699		(1,125	)		2007		(2	)
Mishawaka, IN		—			3,108			800			24			3,132		800		3,932		(92	)		2013		(2	)
Montgomery, IL		—			12,543			2,190			62			12,605		2,190		14,795		(424	)		2012		(2	)
Mooresville, NC		(7,085	)		7,411			701			216			7,627		701		8,328		(625	)		2011		(2	)
Mt. Prospect, IL		—			2,988			726			—			2,988		726		3,714		(77	)		2013		(2	)
Nashville, TN		—			3,601			547			—			3,601		547		4,148		(56	)		2013		(2	)
Newark, DE		—			1,478			197			137			1,615		197		1,812		(333	)		2007		(2	)
Newark, DE		—			2,479			330			36			2,515		330		2,845		(431	)		2007		(2	)
New Berlin, WI		—			6,500			1,068			98			6,598		1,068		7,666		(102	)		2013		(2	)
New Hope, MN		—			1,970			1,919			—			1,970		1,919		3,889		(34	)		2013		(2	)
Lopatcong, NJ		—			1,400			1,554			184			1,584		1,554		3,138		(228	)		2011		(2	)
Piscataway, NJ		—			5,655			640			164			5,819		640		6,459		(698	)		2011		(2	)
Newton, NC		—			4,367			732			86			4,453		732		5,185		(542	)		2011		(2	)
North Jackson, OH		—			4,427			1,528			—			4,427		1,528		5,955		(25	)		2013		(2	)
North Jackson, OH		(7,775	)		6,439			486			—			6,439		486		6,925		(591	)		2011		(2	)
Norton, MA		(5,834	)		6,740			2,839			—			6,740		2,839		9,579		(532	)		2011		(2	)
Novi, MI		(3,066	)		3,879			252			—			3,879		252		4,131		(198	)		2012		(2	)
Ocala, FL		—			13,296			731			—			13,296		731		14,027		(295	)		2013		(2	)
O'Fallon, MO		(3,210	)		2,676			1,242			69			2,745		1,242		3,987		(239	)		2011		(2	)
O'Hara, PA		(17,583	)		18,875			1,435			574			19,449		1,435		20,884		(787	)		2012		(2	)
Orangeburg, SC		—			2,653			362			—			2,653		362		3,015		(100	)		2013		(2	)
Orlando, FL		—			4,839			1,339			—			4,839		1,339		6,178		(45	)		2013		(2	)
Orlando, FL		—			1,996			721			—			1,996		721		2,717		(101	)		2012		(2	)
Parsons, KS		(1,189	)		1,053			108			—			1,053		108		1,161		(50	)		2012		(2	)
Pensacola, FL		—			4,705			282			68			4,773		282		5,055		(807	)		2007		(2	)
Pensacola, FL		—			206			42			83			289		42		331		(51	)		2007		(2	)
Phenix City, AL		(1,752	)		1,493			276			—			1,493		276		1,769		(85	)		2012		(2	)
Pineville, NC		—			1,380			392			—			1,380		392		1,772		(79	)		2012		(2	)
Warrendale, PA		—			6,437			778			430			6,867		778		7,645		(536	)		2011		(2	)
Pocatello, ID		—			3,472			399			135			3,607		399		4,006		(785	)		2007		(2	)
Portage, IN		—			5,416			—			—			5,416		—		5,416		(180	)		2012		(2	)
Portland, TN		—			8,353			1,662			—			8,353		1,662		10,015		(526	)		2012		(2	)
Portland, ME		(3,120	)		3,727			891			—			3,727		891		4,618		(192	)		2012		(2	)
Rapid City, SD		—			11,957			2,306			524			12,481		2,306		14,787		(2,724	)		2007		(2	)
Muhlenberg TWP, PA		—			14,064			843			13			14,077		843		14,920		(706	)		2012		(2	)
Rogers, MN		(12,050	)		11,787			1,671			238			12,025		1,671		13,696		(1,429	)		2011		(2	)
Rogers, AR		—			8,280			1,072			99			8,379		1,072		9,451		(569	)		2011		(2	)
Round Rock, TX		—			3,399			394			(54	)		3,345		394		3,739		(551	)		2007		(2	)
Rural Hall, NC		—			5,664			439			137			5,801		439		6,240		(677	)		2011		(2	)
Salem, OR		(3,340	)		3,150			599			161			3,311		599		3,910		(312	)		2011		(2	)
Salem, OR		(1,501	)		1,471			266			119			1,590		266		1,856		(209	)		2011		(2	)
Sauk Village, IL		—			5,516			877			—			5,516		877		6,393		(21	)		2013		(2	)
Sergeant Bluff, IA		—			11,675			736			36			11,711		736		12,447		(2,886	)		2007		(2	)
Seville, OH		—			6,662			1,170			229			6,891		1,170		8,061		(538	)		2011		(2	)
Shannon, GA		—			12,969			393			—			12,969		393		13,362		(61	)		2013		(2	)
South Holland, IL		—			3,900			714			—			3,900		714		4,614		(18	)		2013		(2	)
Simpsonville, SC		—			3,003			957			30			3,033		957		3,990		(158	)		2012		(2	)
Simpsonville, SC		—			3,418			470			—			3,418		470		3,888		(161	)		2012		(2	)
Smithfield, NC		—			4,671			613			—			4,671		613		5,284		(295	)		2011		(2	)
Smyrna, GA		—			3,286			264			—			3,286		264		3,550		(129	)		2012		(2	)
South Bend, IN		—			4,834			411			—			4,834		411		5,245		(253	)		2012		(2	)
Southfield, MI		—			4,196			562			—			4,196		562		4,758		(103	)		2013		(2	)
Southfield, MI		—			—			354			—			—		354		354		—			2013		(2	)
Sparks, MD		—			3,577			790			(146	)		3,431		790		4,221		(536	)		2007		(2	)
Spartanburg, SC		—			6,471			493			—			6,471		493		6,964		(591	)		2012		(2	)
Springfield, OH		—			6,432			574			—			6,432		574		7,006		(76	)		2013		(2	)
Statham, GA		—			6,242			588			—			6,242		588		6,830		(236	)		2012		(2	)
Sterling Heights, MI		(1,689	)		4,197			513			55			4,252		513		4,765		(153	)		2012		(2	)
Hazelwood, MO		—			5,436			1,959			455			5,891		1,959		7,850		(935	)		2006		(2	)
Streetsboro, OH		(6,694	)		5,481			2,161			214			5,695		2,161		7,856		(796	)		2011		(2	)
Sun Prairie, WI		—			6,176			2,360			(76	)		6,100		2,360		8,460		(431	)		2011		(2	)
Tavares, FL		—			6,339			722			—			6,339		722		7,061		(1,386	)		2006		(2	)
Toledo, OH		—			6,831			213			—			6,831		213		7,044		(259	)		2012		(2	)
Twinsburg, OH		—			6,497			590			—			6,497		590		7,087		(1,014	)		2007		(2	)
Vonore, TN		(9,392	)		8,243			2,355			85			8,328		2,355		10,683		(916	)		2011		(2	)
Waco, TX		—			1,448			—			30			1,478		—		1,478		(107	)		2011		(2	)
Walker, MI		(4,434	)		4,872			855			118			4,990		855		5,845		(452	)		2011		(2	)
Ware Shoals, SC		(282	)		197			133			—			197		133		330		(10	)		2012		(2	)
Wichita, KS		(1,689	)		1,835			88			—			1,835		88		1,923		(82	)		2012		(2	)
Wichita, KS		(1,846	)		1,931			107			—			1,931		107		2,038		(135	)		2012		(2	)
Wichita, KS		(939	)		904			140			—			904		140		1,044		(42	)		2012		(2	)
Wichita, KS		(845	)		869			76			—			869		76		945		(59	)		2012		(2	)
Williamsport, PA		—			9,059			688			—			9,059		688		9,747		(209	)		2013		(2	)
Woodstock, IL		—			3,796			496			—			3,796		496		4,292		(138	)		2012		(2	)
Bardstown, KY		—			2,399			381			—			2,399		381		2,780		(424	)		2007		(2	)
Total		(225,303	)(1)		924,075			134,399			20,572			944,647		134,399		1,079,046		(71,653	)
-1
Balance excludes the unamortized balance of historical fair value adjustments of $288.
-2
Depreciation expense is computed using the straight-line method based on the following useful lives:
Buildings	40 years
Building and land improvements	5 - 20 years
Tenant improvements	Shorter of useful life or terms of related lease
As of December 31, 2013, the aggregate cost for federal income tax purposes of investments in real estate was approximately $1.4 billion.
STAG Industrial, Inc. and STAG Predecessor Group
Real Estate and Accumulated Depreciation
December 31, 2013
(in thousands)
A summary of activity for real estate and accumulated depreciation is as follows:
	STAG Industrial, Inc.									STAG
										Predecessor
										Group
	Year ended			Year ended			Period from			Period from
	December 31,			December 31,			April 20, 2011 to			January 1, 2011 to
	2013			2012			December 31,			April 19,
							2011			2011
Real Estate:
Balance at beginning of period	$	816,227		$	502,258		$	210,225		$	210,186
Additions during period
Other acquisitions		266,389			322,719			292,426			—
Improvements, etc.		6,757			3,541			4,513			39
Other additions		—			—			—			—
Deductions during period
Cost of real estate sold		(9,073	)		(8,309	)		(4,544	)		—
Write-off of tenant improvements		(1,254	)		(576	)		(362	)		—
Asset Impairments		—			(3,406	)		—			—
Balance at the end of the period	$	1,079,046		$	816,227		$	502,258		$	210,225
Accumulated Depreciation:
Balance at beginning of period	$	46,175		$	30,004		$	20,959		$	19,261
Additions during period
Depreciation and amortization expense		27,492			18,174			9,618			1,698
Other additions		—			—			—			—
Deductions during period
Disposals		(2,014	)		(1,885	)		(573	)		—
Other reductions		—			(118	)		—			—
Balance at the end of the period	$	71,653		$	46,175		$	30,004		$	20,959

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2013
Summary of Significant Accounting Policies	'
Basis of Presentation	'
	Basis of Presentation
	The Company's consolidated financial statements include the accounts of the Company, the Operating Partnership and their subsidiaries. The equity interests of other limited partners in the Operating Partnership are reflected as noncontrolling interest. The combined financial statements of STAG Predecessor Group include the accounts of STAG Predecessor Group and all entities in which STAG Predecessor Group had a controlling interest. All significant intercompany balances and transactions have been eliminated in the consolidation and combination of entities. The financial statements of the Company are presented on a consolidated basis, for all periods presented and comprise the consolidated historical financial statements of the transferred collection of real estate entities and holdings, upon the IPO. The combined financial information presented for periods on or prior to April 19, 2011 relate solely to STAG Predecessor Group. The financial statements for the periods after April 19, 2011 include the financial information of the Company, the Operating Partnership and their subsidiaries. Where the "Company" is referenced in comparisons of financial results for any date prior to and including April 19, 2011, the financial information for such period relates solely to STAG Predecessor Group, notwithstanding "Company" being the reference.
Consolidated and Combined Statements of Cash Flows-Supplemental Disclosures	'
	Consolidated and Combined Statements of Cash Flows—Supplemental Disclosures
	The following table provides supplemental disclosures related to the Consolidated and Combined Statements of Cash Flows (in thousands):
		STAG			STAG			STAG			STAG
		Industrial, Inc.			Industrial, Inc.			Industrial, Inc.			Predecessor
		Year ended			Year ended			Period from			Group
		December 31,			December 31,			April 20, 2011			Period from
		2013			2012			to			January 1, 2011
								December 31,			to
								2011			April 19, 2011
	Supplemental cash flow information
	Cash paid for interest	$	19,272		$	15,044		$	11,445		$	2,433
	Supplemental schedule of non-cash investing and financing activities
	Acquisition of tangible assets	$	—		$	—		$	(215,890	)	$	—
	Acquisition of goodwill upon Formation Transactions	$	—		$	—		$	(4,923	)	$	—
	Acquisition of intangible assets upon Formation Transactions	$	—		$	—		$	(83,442	)	$	—
	Assumption of mortgage notes payable	$	—		$	—		$	(201,789	)	$	—
	Fair market value adjustment to mortgage notes payable acquired	$	—		$	—		$	(675	)	$	—
	Assumption of related party notes payable upon Formation Transactions	$	—		$	—		$	4,466		$	—
	Acquisition of intangible liabilities upon Formation Transactions	$	—		$	—		$	1,066		$	—
	Acquisition of interest rate swaps upon Formation Transactions included in the purchase price allocation	$	—		$	—		$	420		$	—
	Acquisition of other liabilities upon Formation Transactions	$	—		$	—		$	171		$	—
	Issuance of units for acquisition of net assets upon Formation Transactions	$	—		$	—		$	95,670		$	—
	Disposition of accrued lender fees upon Formation Transactions	$	—		$	—		$	—		$	4,420
	Assumption of bridge loan for Option Properties upon Formation Transactions	$	—		$	—		$	—		$	(4,750	)
	Assumption of note payable to related party for Option Properties upon Formation Transactions	$	—		$	—		$	—		$	(727	)
	Assumption of interest rate swaps to related party for Option Properties upon Formation Transactions	$	—		$	—		$	—		$	(352	)
	Non-cash investing activities included in additions of land and building improvements	$	(11,934	)	$	(440	)	$	(440	)	$	—
	Issuance of units for acquisitions of properties	$	11,499		$	—		$	—		$	—
	Write-off of fully depreciated tenant improvements	$	1,254		$	576		$	—		$	—
	Write-off of accumulated depreciation	$	1,254		$	576		$	—		$	—
	Dividends and distributions declared but not paid	$	5,166		$	11,301		$	6,160		$	—
	Accrued distribution upon Formation Transactions	$	—		$	—		$	—		$	(1,392	)
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Real Estate and Deferred Lease Intangibles	'
	Real Estate and Deferred Lease Intangibles
	Real estate investments are carried at cost less accumulated depreciation and amortization. The cost of real estate includes the purchase price of the property and leasehold improvements. Expenditures for maintenance and repairs are expensed as incurred. Significant renovations and betterments that extend the economic useful lives of assets are capitalized.
	The Company evaluates the carrying value of all tangible and intangible real estate assets held for use for possible impairment when an event or change in circumstance has occurred that indicates their carrying value may not be recoverable. The evaluation includes estimating and reviewing anticipated future undiscounted cash flows to be derived from the asset and the ultimate sale of the asset. If such cash flows are less than the asset's carrying value, an impairment charge is recognized to the extent by which the asset's carrying value exceeds the estimated fair value. Estimating future cash flows is highly subjective and such estimates could differ from actual results.
	For properties considered held for sale, the Company ceases depreciating the properties and values the properties at the lower of depreciated cost or fair value, less costs to dispose. The Company classifies properties as held for sale when all criteria within the FASB's Accounting Standard Codification ("ASC") 360, Property, Plant and Equipment are met.
	The Company presents qualifying assets and liabilities and the results of operations that have been sold, or otherwise qualify as "held for sale," as discontinued operations in all periods presented if the property operations are expected to be eliminated and the Company will not have significant continuing involvement following the sale. The components of the property's net income (loss) are reflected as discontinued operations include operating results, depreciation and interest expense (if the property is subject to a secured loan).
	Expenditures for tenant improvements, leasehold improvements and leasing commissions are capitalized and amortized or depreciated over the shorter of their useful lives or the terms of each specific lease. Depreciation expense is computed using the straight-line method based on the following useful lives:
	Buildings	40 years
	Building and land improvements	5 - 20 years
	Tenant improvements	Shorter of useful life or terms of related lease
	The Company evaluates acquisitions to determine if the acquisition represents an asset acquisition or business combination, and the Company accounts for all business combinations in accordance with ASC 805, Business Combinations. Upon acquisition of a property, the Company allocates the purchase price of the property based upon the fair value of the assets and liabilities acquired, which generally consist of land, buildings, tenant improvements and intangible assets including in-place leases, above market and below market leases and tenant relationships, as well as the fair value of debt assumed. The Company allocates the purchase price to the fair value of the tangible assets of an acquired property by valuing the property as if it were vacant. Acquired above and below market leases are valued based on the present value of the difference between prevailing market rates and the in-place rates measured over a period equal to the remaining term of the lease for above market leases and the initial term plus the term of any below market fixed rate renewal options for below market leases that are considered bargain renewal options. The above market lease values are amortized as a reduction of rental income over the remaining term of the respective leases, and the below market lease values are amortized as an increase to rental income over the remaining initial terms plus the terms of any below market fixed rate renewal options that are considered bargain renewal options of the respective leases.
	The purchase price is further allocated to in-place lease values and tenant relationships based on the Company's evaluation of the specific characteristics of each tenant's lease and its overall relationship with the respective tenant. The value of in-place lease intangibles and tenant relationships, which are included as components of deferred leasing intangibles, are amortized over the remaining lease term (and expected renewal periods of the respective lease for tenant relationships) as adjustments to depreciation and amortization expense. If a tenant terminates its lease, the unamortized portion of leasing commissions, above and below market leases, the in-place lease value and tenant relationships are immediately written off.
	In determining the fair value of the debt assumed, the Company discounts the spread between the future contractual interest payments and hypothetical future interest payments on mortgage debt based on a current market rate. The associated fair market value debt adjustment is amortized through interest expense over the life of the debt.
	Using information available at the time of acquisition, the Company allocates the total consideration to tangible assets and liabilities and identified intangible assets and liabilities. The Company may adjust the preliminary purchase price allocations after obtaining more information about asset valuations and liabilities assumed.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	Cash and cash equivalents consist of cash and highly liquid short-term investments with original maturities of three months or less. The Company maintains cash and cash equivalents in United States banking institutions that may exceed amounts insured by the Federal Deposit Insurance Corporation. While the Company monitors the cash balances in its operating accounts, these cash balances could be impacted if the underlying financial institutions fail or are subject to other adverse conditions in the financial markets. To date, the Company has experienced no loss or lack of access to cash in its operating accounts.
Restricted Cash	'
	Restricted Cash
	Restricted cash may include security deposits and cash held in escrow for real estate taxes and capital improvements as required in various mortgage loan agreements. Restricted cash also may include amounts held by the Company's transfer agent for preferred stock dividends that are distributed subsequent to period end.
Tenant Accounts Receivable, net	'
	Tenant Accounts Receivable, net
	Tenant accounts receivable, net on the Consolidated Balance Sheets includes both tenant accounts receivable, net and accrued rental income, net. The Company provides an allowance for doubtful accounts against the portion of tenant accounts receivable that is estimated to be uncollectible. As of December 31, 2013 and December 31, 2012, the Company had an allowance for doubtful accounts of $19 thousand and $0, respectively.
	The Company accrues rental revenue earned, but not yet receivable, in accordance with GAAP. As of December 31, 2013 and December 31, 2012, the Company had accrued rental revenue of $9.3 million and $6.4 million, respectively. The Company maintains an allowance for estimated losses that may result from those revenues. If a tenant fails to make contractual payments beyond any allowance, the Company may recognize additional bad debt expense in future periods equal to the amount of unpaid rent and accrued rental revenue. As of December 31, 2013 and December 31, 2012, the Company had an allowance on accrued rental revenue of $0 and $0, respectively.
	As of December 31, 2013 and December 31, 2012, the Company had a total of approximately $4.9 million and $4.8 million, respectively, of total lease security deposits available in existing letters of credit, which are not reflected on the Company's Consolidated Balance Sheets; and $3.0 million and $2.0 million, respectively, of lease security deposits available in cash.
Deferred Costs	'
	Deferred Costs
	Deferred financing fees include costs incurred in obtaining debt that are capitalized. The deferred financing fees are amortized to interest expense over the life of the respective loans on a basis which approximates the effective interest method. Any unamortized amounts upon early repayment of debt are written off in the period of repayment. For the year ended December 31, 2013, December 31, 2012, period April 20, 2011 through December 31, 2011 and the period January 1, 2011 through April 19, 2011 amortization of deferred financing fees included in interest expense was $1.2 million, $1.1 million, $0.8 million, and $31 thousand, respectively. Fully amortized deferred charges are removed from the books upon maturity of the underlying debt.
	Leasing commissions include commissions and other direct and incremental costs incurred to obtain new tenant leases as well as to renew existing tenant leases, which are capitalized and amortized over the terms of the related leases using the straight-line method. If a lease terminates prior to the expiration of its initial term, any unamortized costs related to the lease are written off to amortization expense. Changes in leasing commissions are presented in the cash flows from operating activities section of the Consolidated and Combined Statements of Cash Flows.
Goodwill	'
	Goodwill
	The excess of the cost of an acquired business over the net of the amounts assigned to assets acquired (including identified intangible assets) and liabilities assumed is recorded as goodwill. Goodwill of the Company represents amounts allocated to the assembled workforce from the acquired management company. The Company's goodwill has an indeterminate life and is not amortized, but is tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the asset might be impaired. The Company takes a qualitative approach to consider whether an impairment of goodwill exists prior to quantitatively determining the fair value of the reporting unit in step one of the impairment test.
Use of Derivative Financial Instruments	'
	Use of Derivative Financial Instruments
	The Company follows ASC 815, Derivatives and Hedging for disclosure requirements for derivatives and hedging activities with the intent to provide users of financial statements with an enhanced understanding of: (a) how and why the Company uses derivative instruments, (b) how the Company accounts for derivative instruments and related hedged items, and (c) how derivative instruments and related hedged items affect the Company's financial position, financial performance, and cash flows. Further, qualitative disclosures are required that explain the Company's objectives and strategies for using derivatives, as well as quantitative disclosures about the fair value of and gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative instruments.
	The Company records all derivatives on the Consolidated Balance Sheets at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risks, even though hedge accounting does not apply or the Company elects not to apply hedge accounting.
	In accordance with the FASB's fair value measurement guidance, the Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting arrangements on a net basis by counterparty portfolio. Credit risk is the risk of failure of the counterparty to perform under the terms of the contract. The Company minimizes the credit risk in an interest rate swap by entering into transactions with high-quality counterparties. The Company's exposure to credit risk at any point is generally limited to amounts recorded as assets or liabilities on the Consolidated Balance Sheets.
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	Financial instruments include cash and cash equivalents, restricted cash, tenant accounts receivable, interest rate swaps, accounts payable, other accrued expenses, Unsecured Credit Facility (defined in Note 5), Unsecured Term Loans (defined in Note 5) and mortgage notes payable. The fair values of the cash and cash equivalents, restricted cash, tenant accounts receivable, accounts payable and other accrued expenses approximate their carrying or contract values because of the short term maturity of these instruments. See Note 5 for the fair values of the Company's debt. See Note 6 for the fair values of the Company's interest rate swaps.
	The Company adopted the fair value measurement provisions for its financial instruments recorded at fair value. The guidance establishes a three-tier value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.
Offering Costs	'
	Offering Costs
	Underwriting commissions and direct offering costs have been reflected as a reduction of additional paid-in capital. Indirect costs associated with equity offerings are expensed as incurred and included in Formation Transaction costs and offering costs on the accompanying Consolidated Statements of Operations.
Dividends	'
	Dividends
	Earnings and profits, which determine the taxability of dividends to stockholders, will differ from income reported for financial reporting purposes due to the differences for federal income tax purposes in the treatment of gains on the sale of real property, revenue and expense recognition, compensation expense, and in the estimated useful lives and basis used to compute depreciation. During the years ended December 31, 2013, December 31, 2012, and the period from April 20, 2011 to December 31, 2011, $6.2 million ($2.25 per share of Series A Preferred Stock), $6.2 million ($2.25 per share of Series A Preferred Stock) and $1.0 million ($0.36875 per share of Series A Preferred Stock) of Series A Preferred Stock dividends were paid, respectively, that were treated as ordinary income for tax purposes. During the year ended December 31, 2013, $3.3 million ($1.173175 per share of Series B Preferred Stock) of Series B Preferred Stock dividends were paid that were treated as ordinary income for tax purposes. The tax treatment of common dividends per share for federal income tax purposes is as follows:
		Year ended						Year ended						Period from
		December 31,						December 31,						April 20,
		2013						2012						2011 to
														December 31,
														2011
		Per Share			%			Per Share			%			Per Share		%
	Ordinary income	$	0.9723			71	%	$	0.634			59.8	%	$	0.3471		74.5	%
	Return of capital		0.3703			27	%		0.426			40.2	%		0.1186		25.5	%
	Unrecaptured section 1250 capital gain		0.0137			1	%		—			—			—		—
	Other capital gain		0.0137			1	%		—			—			—		—
	Total(1)	$	1.37			100	%	$	1.06			100	%	$	0.4657		100	%
	-1
	The fourth quarter 2012 common stock dividend of $0.27 per share was included in the stockholder's 2013 tax year. The December 2013 monthly common stock dividend of $0.10 per share will be included in the stockholder's 2014 tax year.
Revenue Recognition	'
	Revenue Recognition
	All current leases are classified as operating leases and rental revenue is recognized on a straight-line basis over the term of the lease when collectability is reasonably assured. Differences between rental revenue earned and amounts due under the lease are charged or credited, as applicable, to accrued rental revenue. Additional rents from expense reimbursements for insurance, real estate taxes and certain other expenses are recognized in the period in which the related expenses are incurred.
	Early lease termination fees are recorded in rental income on a straight-line basis from the notification date of such termination to the then remaining (not the original) lease term, if any, or upon collection if collection is not reasonably assured. On July 8, 2011, the Company entered into a lease termination agreement with the tenant of two facilities, one located in Youngstown, OH and the other in Bardstown, KY. The agreement provided that the Youngstown, OH lease terminated effective July 31, 2011 and required the tenant to pay a termination fee of $2.0 million. Of the termination fee paid, $0.2 million was a replenishment of a security deposit at the Bardstown, KY property, $45 thousand was applied to the outstanding accounts receivable, and the remaining amount of approximately $1.8 million was recognized as termination income and is included in rental income during the period April 20, 2011 to December 31, 2011. On October 18, 2013, the Company entered into a lease termination agreement with the tenant located at the Creedmoor, NC building. The agreement provided that the tenant's lease terminated effective October 31, 2013 and required the tenant to pay a termination fee of $2.5 million. The termination income is included in income (loss) attributable to discontinued operations on the accompanying Consolidated Statements of Operations as the property was sold on October 31, 2013 to an unaffiliated third party.
	The Company earns revenue from asset management fees, which are included on the Consolidated Statements of Operations in other income. The Company recognizes revenue from asset management fees when the related fees are earned and are realized or realizable.
	By the terms of their leases, certain tenants are obligated to pay directly the costs of their properties' insurance, real estate taxes, ground lease payments, and certain other expenses and these costs are not reflected on the Company's Consolidated and Combined Financial Statements. To the extent any tenant responsible for these costs under its respective lease defaults on its lease or it is deemed probable that the tenant will fail to pay for such costs, the Company would record a liability for such obligation. The Company estimates that real estate taxes, which are the responsibility of these certain tenants, was approximately $9.4 million for the year ended December 31, 2013, $6.9 million for the year ended December 31, 2012, $0.5 million for the period January 1, 2011 to April 19, 2011, $3.5 million for the period from April 20, 2011 to December 31, 2011. This would have been the maximum liability of the Company had the tenants not met their contractual obligations. The Company does not recognize recovery revenue related to leases where the tenant has assumed the cost for real estate taxes, insurance, ground lease payments and certain other expenses.
Gain on Sale of Real Estate	'
	Gain on Sales of Real Estate
	Gain on sale of real estate is recognized pursuant to the provisions included in ASC 360-20, Real Estate Sales. The specific timing of the sale is measured against various criteria in ASC 360-20 related to the terms of the transaction and continuing involvement in the form of management or financial assistance associated with the properties. If the sales criteria for the full accrual method are not met, the Company defers some or all of the gain recognition and accounts for the continued operations of the property by applying the finance, leasing, profit sharing, deposit, installment or cost recovery methods, as appropriate, until the sales criteria are met.
Incentive and Equity-Based Employee Compensation Plans	'
	Incentive and Equity-Based Employee Compensation Plans
	The Company grants equity-based compensation awards to its employees and directors typically in the form of restricted shares of common stock, long-term incentive plan units in the Operating Partnership ("LTIP units") and an outperformance program. See Notes 7, 8 and 14 for further discussion of restricted shares of common stock, LTIP units, and the outperformance program, respectively. The Company accounts for its equity-based employee compensation in accordance with ASC 718, Compensation—Stock Compensation. The Company measures equity-based compensation expense based on the fair value of the awards on the grant date and recognizes the expense ratably over the vesting period.
Income Taxes	'
	Income Taxes
	Prior to the IPO, the Predecessor was comprised primarily of limited partnerships and limited liability companies. Under applicable federal and state income tax rules, the allocated share of net income or loss from the limited partnerships and limited liability companies was reportable in the income tax returns of the respective partners and members.
	The Company elected to be taxed as a REIT under the Code commencing with its taxable year ended December 31, 2011 and intends to continue to qualify as a REIT. As a REIT, the Company is required to distribute at least 90% of its REIT taxable income to its stockholders and meet the various other requirements imposed by the Code relating to such matters as operating results, asset holdings, distribution levels and diversity of stock ownership. The Company is generally not subject to corporate level income tax on the earnings distributed currently to its stockholders that it derives from its REIT qualifying activities. If the Company fails to qualify as a REIT in any taxable year, and is unable to avail itself of certain savings provisions set forth in the Code, all of the Company's taxable income would be subject to federal income tax at regular corporate rates, including any applicable alternative minimum tax.
	The Company will not be required to make distributions with respect to income derived from the activities conducted through subsidiaries that the Company elects to treat as taxable REIT subsidiaries ("TRS") for federal income tax purposes. Certain activities that the Company undertakes must be conducted by a TRS, such as performing non-customary services for its tenants and holding assets that it cannot hold directly. A TRS is subject to federal and state income taxes. The TRS did not have any activity during the years ended December 31, 2013 and December 31, 2012 and the period April 20, 2011 to December 31, 2011.
	The Company and certain of its subsidiaries are subject to certain state and local income, excise and franchise taxes. Taxes in the amount of $0.6 million, $0.3 million and $0.3 million have been recorded in other expenses on the accompanying Consolidated Statements of Operations for the years ended December 31, 2013, December 31, 2012 and the period April 20, 2011 to December 31, 2011.
	The Company currently has no liabilities for uncertain tax positions.
	The following table reconciles net income (loss) to taxable income for the years ended December 31, 2013 and 2012, respectively, and the period April 20, 2011 to December 31, 2011 (in thousands):
		Year ended			Year ended			Period from
		December 31,			December 31,			April 20, 2011 to
		2013			2012			December 31, 2011
	Net income (loss)	$	4,902		$	(10,199	)	$	(9,227	)
	Book/Tax differences from depreciation and amortization		46,389			24,048			12,625
	Above/Below market lease amortization		6,544			4,837			2,776
	Loss on impairments		—			4,563			—
	Formation Transaction costs		—			—			3,169
	Offering costs		27			68			78
	Book/Tax difference on property acquisition costs		3,427			4,218			1,088
	Loss on extinguishment of debt		—			565			—
	Accrued non-recurring IPO bonus payment		—			(1,000	)		1,000
	Accrued bonus payment		440			3,731			—
	Book/Tax difference on bad debt expense		19			317			526
	Book/Tax difference on non-cash compensation		1,846			1,375			560
	Book/Tax difference on gain on sales of real estate		(3,915	)		(4,554	)		(1,231	)
	Straight-line rent adjustments, net		(2,941	)		(2,796	)		(1,036	)
	Unrealized gain on interest rate swaps		—			(215	)		(2,805	)
	Book/tax difference on non-cash portion of interest expense		(106	)		(159	)		—
	Other book/tax differences, net		28			63			(73	)
	Loss attributable to noncontrolling interest		(7,785	)		(5,940	)		(1,768	)
	Taxable income subject to distribution requirement(1)	$	48,875		$	18,922		$	5,682
	-1
	The Company distributed in excess of 100% of its taxable income to its stockholders during the years ended December 31, 2013 and December 31, 2012, and the period April 20, 2011 to December 31, 2011, respectively.
Earnings Per Share	'
	Earnings Per Share
	The Company uses the two-class method of computing earnings per common share, which is an earnings allocation formula that determines earnings per share for common stock and any participating securities according to dividends declared (whether paid or unpaid) and participation rights in undistributed earnings. Under the two-class method, basic earnings per common share are computed by dividing the sum of distributed earnings to common stockholders and undistributed earnings allocated to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution that could occur from shares issuable in connection with awards under incentive and equity-based compensation plans.
Segment Reporting	'
	Segment Reporting
	The Company manages its operations on an aggregated, single segment basis for purposes of assessing performance and making operating decisions and, accordingly, has only one reporting and operating segment.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2013
Summary of Significant Accounting Policies	'
Schedule of supplemental disclosures related to the Consolidated and Combined Statements of Cash Flows	'
	The following table provides supplemental disclosures related to the Consolidated and Combined Statements of Cash Flows (in thousands):
		STAG			STAG			STAG			STAG
		Industrial, Inc.			Industrial, Inc.			Industrial, Inc.			Predecessor
		Year ended			Year ended			Period from			Group
		December 31,			December 31,			April 20, 2011			Period from
		2013			2012			to			January 1, 2011
								December 31,			to
								2011			April 19, 2011
	Supplemental cash flow information
	Cash paid for interest	$	19,272		$	15,044		$	11,445		$	2,433
	Supplemental schedule of non-cash investing and financing activities
	Acquisition of tangible assets	$	—		$	—		$	(215,890	)	$	—
	Acquisition of goodwill upon Formation Transactions	$	—		$	—		$	(4,923	)	$	—
	Acquisition of intangible assets upon Formation Transactions	$	—		$	—		$	(83,442	)	$	—
	Assumption of mortgage notes payable	$	—		$	—		$	(201,789	)	$	—
	Fair market value adjustment to mortgage notes payable acquired	$	—		$	—		$	(675	)	$	—
	Assumption of related party notes payable upon Formation Transactions	$	—		$	—		$	4,466		$	—
	Acquisition of intangible liabilities upon Formation Transactions	$	—		$	—		$	1,066		$	—
	Acquisition of interest rate swaps upon Formation Transactions included in the purchase price allocation	$	—		$	—		$	420		$	—
	Acquisition of other liabilities upon Formation Transactions	$	—		$	—		$	171		$	—
	Issuance of units for acquisition of net assets upon Formation Transactions	$	—		$	—		$	95,670		$	—
	Disposition of accrued lender fees upon Formation Transactions	$	—		$	—		$	—		$	4,420
	Assumption of bridge loan for Option Properties upon Formation Transactions	$	—		$	—		$	—		$	(4,750	)
	Assumption of note payable to related party for Option Properties upon Formation Transactions	$	—		$	—		$	—		$	(727	)
	Assumption of interest rate swaps to related party for Option Properties upon Formation Transactions	$	—		$	—		$	—		$	(352	)
	Non-cash investing activities included in additions of land and building improvements	$	(11,934	)	$	(440	)	$	(440	)	$	—
	Issuance of units for acquisitions of properties	$	11,499		$	—		$	—		$	—
	Write-off of fully depreciated tenant improvements	$	1,254		$	576		$	—		$	—
	Write-off of accumulated depreciation	$	1,254		$	576		$	—		$	—
	Dividends and distributions declared but not paid	$	5,166		$	11,301		$	6,160		$	—
	Accrued distribution upon Formation Transactions	$	—		$	—		$	—		$	(1,392	)
Schedule of estimated useful lives	'
	Buildings	40 years
	Building and land improvements	5 - 20 years
	Tenant improvements	Shorter of useful life or terms of related lease
Schedule of tax treatment of common dividends per share for federal income tax	'
		Year ended						Year ended						Period from
		December 31,						December 31,						April 20,
		2013						2012						2011 to
														December 31,
														2011
		Per Share			%			Per Share			%			Per Share		%
	Ordinary income	$	0.9723			71	%	$	0.634			59.8	%	$	0.3471		74.5	%
	Return of capital		0.3703			27	%		0.426			40.2	%		0.1186		25.5	%
	Unrecaptured section 1250 capital gain		0.0137			1	%		—			—			—		—
	Other capital gain		0.0137			1	%		—			—			—		—
	Total(1)	$	1.37			100	%	$	1.06			100	%	$	0.4657		100	%
	-1
	The fourth quarter 2012 common stock dividend of $0.27 per share was included in the stockholder's 2013 tax year. The December 2013 monthly common stock dividend of $0.10 per share will be included in the stockholder's 2014 tax year.
Schedule of reconciliation of net income (loss) to taxable income	'
	The following table reconciles net income (loss) to taxable income for the years ended December 31, 2013 and 2012, respectively, and the period April 20, 2011 to December 31, 2011 (in thousands):
		Year ended			Year ended			Period from
		December 31,			December 31,			April 20, 2011 to
		2013			2012			December 31, 2011
	Net income (loss)	$	4,902		$	(10,199	)	$	(9,227	)
	Book/Tax differences from depreciation and amortization		46,389			24,048			12,625
	Above/Below market lease amortization		6,544			4,837			2,776
	Loss on impairments		—			4,563			—
	Formation Transaction costs		—			—			3,169
	Offering costs		27			68			78
	Book/Tax difference on property acquisition costs		3,427			4,218			1,088
	Loss on extinguishment of debt		—			565			—
	Accrued non-recurring IPO bonus payment		—			(1,000	)		1,000
	Accrued bonus payment		440			3,731			—
	Book/Tax difference on bad debt expense		19			317			526
	Book/Tax difference on non-cash compensation		1,846			1,375			560
	Book/Tax difference on gain on sales of real estate		(3,915	)		(4,554	)		(1,231	)
	Straight-line rent adjustments, net		(2,941	)		(2,796	)		(1,036	)
	Unrealized gain on interest rate swaps		—			(215	)		(2,805	)
	Book/tax difference on non-cash portion of interest expense		(106	)		(159	)		—
	Other book/tax differences, net		28			63			(73	)
	Loss attributable to noncontrolling interest		(7,785	)		(5,940	)		(1,768	)
	Taxable income subject to distribution requirement(1)	$	48,875		$	18,922		$	5,682
	-1
	The Company distributed in excess of 100% of its taxable income to its stockholders during the years ended December 31, 2013 and December 31, 2012, and the period April 20, 2011 to December 31, 2011, respectively.

Real_Estate_Tables

Real Estate (Tables)	12 Months Ended
	Dec. 31, 2013
Real Estate	'
Summary of acquisitions of the Company	'
	Year ended December 31, 2013
	Property Location	Date			Square		Buildings
		Acquired			Feet
	Orangeburg, SC		2/7/13			319,000		1
	Golden, CO		2/27/13			227,500		1
	Columbia, SC		2/28/13			273,280		1
	DeKalb, IL		3/15/13			146,740		1
	Ocala, FL		3/26/13			619,466		1
	Londonderry, NH		3/28/13			125,060		1
	Marion, IA		3/28/13			95,500		1
	Mishawaka, IN		4/5/13			308,884		1
	Southfield, MI(1)		4/9/13			113,000		1
	Houston, TX		4/9/13			201,574		1
	Idaho Falls, ID		4/11/13			90,300		1
	Mt. Prospect, IL		5/14/13			87,380		1
	Williamsport, PA		5/31/13			250,000		1
	Belvidere, IL		6/19/13			1,006,960		8
	Kentwood, MI		6/26/13			85,157		1
	Marshall, MI		6/26/13			57,025		1
	Nashville, TN		7/18/13			150,000		1
	Catoosa, OK		7/31/13			100,100		1
	New Berlin, WI		8/16/13			205,063		1
	Hampstead, MD		8/21/13			1,035,249		1
	New Hope, MN		9/20/13			107,348		1
	Springfield, OH		9/26/13			350,500		1
	Orlando, FL		10/8/13			215,900		1
	North Jackson, OH		11/6/13			209,835		1
	Mebane, NC		11/14/13			383,500		1
	Shannon, GA		11/26/13			568,516		1
	Lansing, MI		12/11/13			160,000		1
	Harvard, IL		12/17/13			126,304		1
	Sauk Village, IL		12/17/13			375,785		1
	South Holland, IL		12/17/13			202,902		1
	Mascot, TN		12/19/13			130,560		1
	Janesville, WI		12/27/13			700,000		1
	Total					9,028,388		39
	-1
	The Company also owns a 5.4 acre vacant land parcel adjacent to this building.
	Year ended December 31, 2012
	Property Location	Date			Square		Buildings
		Acquired			Feet
	East Windsor, CT		3/1/12			145,000		1
	South Bend, IN		3/8/12			225,000		1
	Lansing, MI		3/21/12			129,325		1
	Portland, ME		3/27/12			100,600		1
	Portland, TN		3/30/12			414,043		1
	Spartanburg, SC		4/5/12			409,600		4
	Franklin, IN		4/17/12			703,496		1
	Muhlenberg Township, PA		5/24/12			394,289		1
	Avon, CT		6/15/12			78,400		1
	Orlando, FL		6/15/12			155,000		1
	Pineville, NC		6/15/12			75,400		1
	Buffalo, NY		6/15/12			117,000		1
	Edgefield, SC		6/15/12			126,190		1
	Arlington, TX		6/15/12			196,000		1
	Bellevue, OH		7/18/12			181,838		1
	Atlanta, GA		8/1/12			407,981		1
	Huntersville, NC		8/6/12			185,570		1
	Simpsonville, SC		8/23/12			204,952		1
	Simpsonville, SC		8/23/12			207,042		1
	Dallas, GA		9/4/12			92,807		1
	Mebane, NC		9/4/12			223,340		1
	Mebane, NC		9/4/12			202,691		1
De Pere, WI		9/13/12			200,000		1
Duncan, SC		9/21/12			474,000		1
Duncan, SC		9/21/12			313,380		1
Buena Vista, VA		9/27/12			172,759		1
Gurnee, IL		9/28/12			223,760		1
Auburn Hills, MI		10/9/12			87,932		1
El Paso, TX		10/9/12			269,245		1
Gloversville, NY		10/9/12			50,000		1
Gloversville, NY		10/9/12			101,589		1
Gloversville, NY		10/9/12			26,529		1
Gloversville, NY		10/9/12			59,965		1
Greenwood, SC		10/9/12			104,955		1
Greenwood, SC		10/9/12			70,100		1
Holland, MI		10/9/12			195,000		1
Independence, VA		10/9/12			120,000		1
Jackson, TN		10/9/12			250,000		1
Johnstown, NY		10/9/12			52,500		1
Johnstown, NY		10/9/12			60,000		1
Johnstown, NY		10/9/12			42,325		1
Johnstown, NY		10/9/12			57,102		1
Kansas City, KS		10/9/12			56,580		1
Lafayette, IN		10/9/12			71,400		1
Lafayette, IN		10/9/12			120,000		1
Lafayette, IN		10/9/12			275,000		1
Lansing, MI		10/9/12			250,100		1
Marion, IN		10/9/12			249,600		1
Novi, MI		10/9/12			120,800		1
O'Hara, PA		10/9/12			887,084		1
Parsons, KS		10/9/12			120,000		1
Phenix City, AL		10/9/12			117,568		1
Portage, IN		10/9/12			212,000		1
Ware Shoals, SC		10/9/12			20,514		1
Wichita, KS		10/9/12			80,850		1
Wichita, KS		10/9/12			120,000		1
Wichita, KS		10/9/12			44,760		1
Wichita, KS		10/9/12			47,700		1
Chicopee, MA		10/26/12			217,000		1
Sterling Heights, MI		10/31/12			108,000		1
Harrisonburg, VA		11/29/12			357,673		1
Toledo, OH		12/13/12			177,500		1
Woodstock, IL		12/14/12			129,803		1
Kansas City, MO		12/19/12			226,576		1
Smyrna, GA		12/20/12			102,000		1
Montgomery, IL		12/20/12			584,301		1
Statham, GA		12/21/12			225,680		1
Total					12,829,194		70
Summary of allocation of the consideration paid for the acquired assets and liabilities in connection with the acquisition of buildings at the date of acquisition	'
	The following table (in thousands) summarizes the allocation of the consideration paid during the year ended December 31, 2013 and the year ended December 31, 2012, respectively, for the acquired assets and liabilities in connection with the acquisitions of buildings at the date of acquisition identified in the table above (in thousands):
		Year Ended			Weighted Average		Year Ended			Weighted Average
		December 31,			Amortization		December 31,			Amortization
		2013			Period (years)		2012			Period (years)
					Lease Intangibles					Lease Intangibles
	Land	$	31,310			N/A	$	34,991			N/A
	Buildings		223,420			N/A		269,616			N/A
	Tenant improvements		2,526			N/A		10,624			N/A
	Cash escrow for capital additions		—			N/A		785			N/A
	Above market leases		8,219			5.8		16,728			10
	Below market leases		(2,538	)		7.2		(5,962	)		6.5
	In-place leases		50,005			5.8		63,397			6.6
	Tenant relationships		21,257			8.2		26,241			8.2
	Building and land improvements		9,133			N/A		7,488			N/A
	Net assets acquired	$	343,332				$	423,908
Schedule of pro forma information presented as if, the acquisitions of the buildings had occurred at the beginning of the previous fiscal period	'
	Pro Forma	Year ended
		December 31, 2013
		(in thousands,
		except share data)(1)
	Total revenue	$	154,866
	Net income(2)	$	11,780
	Net income attributable to common stockholders	$	1,715
	Weighted average shares outstanding		42,364,125
	Net income per share attributable to common stockholders	$	0.04
	Pro Forma	Year ended
		December 31, 2012
		(in thousands,
		except share data)(3)
	Total revenue	$	152,962
	Net loss(2)	$	(12,286	)
	Net loss attributable to common stockholders	$	(14,424	)
	Weighted average shares outstanding		25,046,664
	Net loss per share attributable to common stockholders	$	(0.58	)
	-1
	The unaudited pro forma information for the year ended December 31, 2013 is presented as if the properties acquired during the year ended December 31, 2013 had occurred at January 1, 2012, the beginning of the reporting period prior to acquisition.
	-2
	The net income for the year ended December 31, 2013 excludes $3.0 million of property acquisition costs related to the acquisition of buildings that closed during the year ended December 31, 2013, and the net loss for the year ended December 31, 2012 was adjusted to include these acquisition costs. Net loss for the year ended December 31, 2012 excludes $3.6 million of property acquisition costs related to the acquisition of buildings that closed during the year ended December 31, 2012.
	-3
	The unaudited pro forma information for the year ended December 31, 2012 is presented as if the properties acquired during the year ended December 31, 2013 and the properties acquired during the year ended December 31, 2012 had occurred at January 1, 2012 and January 1, 2011, respectively, the beginning of the reporting period prior to acquisition.

Deferred_Leasing_Intangibles_T

Deferred Leasing Intangibles (Tables)	12 Months Ended
	Dec. 31, 2013
Deferred Leasing Intangibles	'
Schedule of deferred leasing intangibles included in total assets	'
	Deferred leasing intangibles included in total assets consisted of the following (in thousands):
		December 31,			December 31,
		2013			2012
	In-place leases	$	142,518		$	108,363
	Less: Accumulated amortization		(49,756	)		(28,289	)
	In-place leases, net		92,762			80,074
	Above market leases		57,283			50,699
	Less: Accumulated amortization		(17,232	)		(10,362	)
	Above market leases, net		40,051			40,337
	Tenant relationships		77,260			61,050
	Less: Accumulated amortization		(18,693	)		(11,298	)
	Tenant relationships, net		58,567			49,752
	Leasing commissions		33,107			23,376
	Less: Accumulated amortization		(9,520	)		(5,984	)
	Leasing commissions, net		23,587			17,392
	Total deferred leasing intangibles, net	$	214,967		$	187,555
Schedule of deferred leasing intangibles included in total liabilities	'
	Deferred leasing intangibles included in total liabilities consisted of the following (in thousands):
		December 31,			December 31,
		2013			2012
	Below market leases	$	11,434		$	9,878
	Less: Accumulated amortization		(4,520	)		(3,007	)
	Total deferred leasing intangibles, net	$	6,914		$	6,871
Schedule of amortization related to deferred leasing intangibles over the next five years	'
	Amortization related to deferred leasing intangibles over the next five years is as follows (in thousands):
		Estimated Net Amortization			Net Decrease to Rental
		of In-Place Leases,			Income Related to
		Leasing Commissions and			Above and Below
		Tenant Relationships			Market Leases
	2014	$	41,754		$	5,980
	2015		33,004			6,201
	2016		26,818			5,600
	2017		21,011			4,240
	2018		15,217			3,256

Debt_Tables

Debt (Tables)	12 Months Ended
	Dec. 31, 2013
Debt	'
Summary of the mortgage notes payable, unsecured term loans and credit facility	'
	The following table sets forth a summary of the Company's outstanding indebtedness, including mortgage notes payable and borrowings under the Company's Unsecured Term Loans and Unsecured Credit Facility as of December 31, 2013 and December 31, 2012 (dollars in thousands):
	Loan	Interest			Principal		Principal		Current
		Rate(1)			outstanding as of		outstanding as of		Maturity
					December 31, 2013		December 31, 2012
	Sun Life(2)		6.05%		$	3,817	$	4,079		Jun-1-2016
	Webster Bank(3)		4.22%			5,834		5,984		Aug-4-2016
	Bank of America Unsecured Credit Facility(4)		LIBOR + 1.45%			80,500		99,300		Sept-10-2016
	Union Fidelity(5)		5.81%			6,551		6,898		Apr-30-2017
	Webster Bank(6)		3.66%			3,121		3,203		May-29-2017
	Webster Bank(7)		3.64%			3,360		3,450		May-31-2017
	Bank of America Unsecured Term Loan(8)		LIBOR + 1.40%			150,000		150,000		Sept-10-2017
	CIGNA-1 Facility(9)		6.50%			58,874		59,645		Feb-1-2018
	CIGNA-2 Facility(10)		5.75%			59,990		60,863		Feb-1-2018
	CIGNA-3 Facility(11)		5.88%			16,879		17,097		Oct-1-2019
	Wells Fargo Unsecured Term Loan(12)		LIBOR + 2.15%			100,000		—		Feb-14-2020
	Wells Fargo CMBS Loan(13)		4.31%			67,165		68,696		Dec-1-2022
					$	556,091	$	479,215
	-1
	Current interest rate as of December 31, 2013. At December 31, 2013 and December 31, 2012, the one-month LIBOR rate was 0.1677% and 0.2087%, respectively.
	-2
	This loan with Sun Life Assurance Company of Canada (U.S.) ("Sun Life") was assumed on October 14, 2011 in connection with the acquisition of the building located in Gahanna, OH. The property is collateral for this loan. The principal outstanding includes an unamortized fair market value premium of $0.2 million and $0.2 million as of December 31, 2013 and December 31, 2012, respectively.
	-3
	This loan with Webster Bank, National Association ("Webster Bank") was entered into on August 4, 2011 in connection with the acquisition of the building located in Norton, MA. The property is collateral for this loan.
	-4
	The spread over LIBOR for this Bank of America, N.A. ("Bank of America") unsecured revolving credit facility ("Unsecured Credit Facility") is based on the Company's consolidated leverage. The spread was 1.45% and 1.65% as of December 31, 2013 and December 31, 2012, respectively. The Company paid unused fees of $0.6 million and $0.1 million for the years ended December 31, 2013 and December 31, 2012, respectively. The borrowing capacity as of December 31, 2013 was $119.3 million, assuming current leverage levels.
	-5
	This loan with Union Fidelity Life Insurance Co. ("Union Fidelity") was assumed on July 28, 2011 in connection with the acquisition of the St. Louis, MO building. The property is collateral for this loan. The principal outstanding includes an unamortized fair market value premium of $0.1 million and $0.2 million as of December 31, 2013 and December 31, 2012, respectively.
	-6
	This loan with Webster Bank was entered into on May 29, 2012 in connection with the acquisition of the building located in Portland, ME. The property is collateral for this loan.
	-7
	This loan with Webster Bank was entered into on May 31, 2012 in connection with the acquisition of the building located in East Windsor, CT. The property is collateral for this loan.
	-8
	This Bank of America unsecured term loan ("Bank of America Unsecured Term Loan") was entered into on September 10, 2012 and subsequently amended on October 7, 2013. The spread over LIBOR is based on the Company's consolidated leverage ratio. The spread was 1.40% and 1.65% as of December 31, 2013 and December 31, 2012, respectively. The Company swapped the one-month LIBOR for a fixed rate for $100.0 million of the $150.0 million outstanding on the Bank of America Unsecured Term Loan. The net settlements of the swaps commenced on the effective date of the swaps, October 10, 2012 (see Note 6 for further details). There was no remaining borrowing capacity as of December 31, 2013.
	-9
	This Connecticut General Life Insurance Company ("CIGNA") credit facility originally was entered into in July 2010 (the "CIGNA-1 Facility"), which loan has various buildings serving as collateral and has no remaining borrowing capacity as of December 31, 2013.
	-10
	This CIGNA credit facility originally was entered into in October 2010 (the "CIGNA-2 Facility"), which loan has various buildings serving as collateral and has a remaining borrowing capacity of approximately $2.9 million as of December 31, 2013, subject to customary terms and conditions, including underwriting.
	-11
	This CIGNA credit facility originally was entered into on July 8, 2011 ("CIGNA-3 Facility"), which loan has various buildings serving as collateral. The CIGNA-3 Facility and has a remaining borrowing capacity of approximately $47.9 million as of December 31, 2013, subject to customary terms and conditions, including underwriting.
	-12
	This Wells Fargo Bank, National Association ("Wells Fargo") unsecured term loan ("Wells Fargo Unsecured Term Loan") was entered into on February 14, 2013. The spread over LIBOR is based on the Company's consolidated leverage. The spread was 2.15% as of December 31, 2013. As of December 31, 2013, the Company swapped one-month LIBOR for a fixed rate on $125.0 million of the $150.0 million capacity on the unsecured term loan (see Note 6 for further details). The borrowing capacity as of December 31, 2013 was $50.0 million, assuming current leverage levels, and was drawn down by the Company on January 30, 2014.
	-13
	This Wells Fargo loan ("CMBS Loan") was entered into on November 8, 2012 and is a non-recourse loan with 28 buildings serving as collateral.
Schedule of amended terms of the Unsecured Credit Facility and the Bank of America Unsecured Term Loan	'
		Original Terms		Amended Terms
	Applicable Rates	Unsecured Credit Facility		Unsecured		Unsecured
		and Unsecured Term Loan		Credit Facility		Term Loan
	Eurodollar Rate(1):	one month-LIBOR + 165.0 bps - 225.0 bps		one month-LIBOR + 145.0 bps - 205.0 bps		one month-LIBOR + 140.0 bps - 200.0 bps
	Base Rate(1):	Base rate + 65.0 bps - 125.0 bps		Base rate + 45.0 bps - 105.0 bps		Base rate + 40.0 bps - 100.0 bps
	Unused Fees:	<50%, 35.0 bps; > 50%, 25.0 bps		<50%, 25.0 bps; > 50%, 20.0 bps		—
	-1
	The spread over the applicable rate is based on the Company's consolidated leverage ratio.
Schedule of aggregate carrying value of the debt and the corresponding estimate of fair value	'
	The following table presents the aggregate carrying value of the Company's debt and the corresponding estimate of fair value as of December 31, 2013 and December 31, 2012 (in thousands):
		December 31, 2013					December 31, 2012
		Carrying			Fair		Carrying		Fair
		Amount			Value		Amount		Value
	Mortgage notes payable	$	225,591		$	228,996	$	229,915	$	242,175
	Unsecured Credit Facility	$	80,500		$	80,500	$	99,300	$	99,300
	Bank of America Unsecured Term Loan	$	150,000		$	148,781	$	150,000	$	150,000
	Wells Fargo Unsecured Term Loan	$	100,000		$	97,302	$	—	$	—
Schedule of aggregate future principal payments of debt	'
	The following table reflects the Company's aggregate future principal payments of the Company's debt at December 31, 2013 (dollars in thousands):
	2014	$	4,447
	2015		4,688
	2016		93,777
	2017		165,506
	2018		113,377
	Thereafter		174,008
	Total aggregate principal payments	$	555,803
	Unamortized balance of historical fair value adjustments		288
	Total carrying value of debt	$	556,091

Use_of_Derivative_Financial_In1

Use of Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2013
Use of Derivative Financial Instruments	'
Schedule of swaps designated as cash flow hedges of interest rate risk collectively referred to as Unsecured Term Loan Swaps	'
	The following table details the Company's outstanding interest rate swaps as of December 31, 2013 (collectively, the "Unsecured Term Loan Swaps") (in thousands):
	Interest Rate Derivative	Trade Date		Notional			Fixed			Variable		Maturity Date
				Amount			Interest Rate			Interest Rate
	Interest rate swap	Sept-14-2012		$	10,000	-1		0.7945	%	One-month LIBOR		September 10, 2017
	Interest rate swap	Sept-14-2012		$	10,000	-1		0.7945	%	One-month LIBOR		September 10, 2017
	Interest rate swap	Sept-14-2012		$	10,000	-1		0.7945	%	One-month LIBOR		September 10, 2017
	Interest rate swap	Sept-14-2012		$	10,000	-1		0.7945	%	One-month LIBOR		September 10, 2017
	Interest rate swap	Sept-14-2012		$	10,000	-1		0.7975	%	One-month LIBOR		September 10, 2017
	Interest rate swap	Sept-20-2012		$	25,000	-1		0.7525	%	One-month LIBOR		September 10, 2017
	Interest rate swap	Sept-24-2012		$	25,000	-1		0.727	%	One-month LIBOR		September 10, 2017
	Interest rate swap	March-1-2013		$	25,000	-2		1.33	%	One-month LIBOR		February 14, 2020
	Interest rate swap	June-13-2013		$	25,000	-2		1.703	%	One-month LIBOR		February 14, 2020
	Interest rate swap	June-13-2013		$	50,000	-2		1.681	%	One-month LIBOR		February 14, 2020
	Interest rate swap	Sept-30-2013		$	25,000	-2		1.9925	%	One-month LIBOR		February 14, 2020
	-1
	Fixes the interest rate of the Bank of America Unsecured Term Loan
	-2
	Fixes the interest rate of the Wells Fargo Unsecured Term Loan
Summary of the fair value of interest rate swap outstanding	'
	The fair value of the interest rate swaps outstanding as of December 31, 2013 and December 31, 2012 was as follows (in thousands):
		Balance Sheet		Notional			Fair Value			Notional			Fair Value
		Location(1)		Amount			December 31,			Amount			December 31,
				December 31,			2013			December 31,			2012
				2013						2012
	Unsecured Term Loan Swaps	Interest Rate Swaps-Asset (Liability)		$	225,000		$	3,924		$	100,000		$	(480	)
	-1
	The individual interest rate swaps' assets and liabilities are not netted on the accompanying Consolidated Balance Sheets.
Schedule of location in the financial statements of the gain (loss) recognized on interest rate swaps designated as cash flow hedges	'
	The table below details the location in the financial statements of the gain or loss recognized on interest rate swaps designated as cash flow hedges for the years ended December 31, 2013 and 2012, respectively (in thousands):
		STAG Industrial, Inc.
		Year ended			Year ended
		December 31,			December 31,
		2013			2012
	Amount of income (loss) recognized in accumulated other comprehensive income (loss) on interest rate swaps (effective portion)	$	3,032		$	(608	)
	Amount of loss reclassified from accumulated other comprehensive income (loss) into income (loss) as interest expense (effective portion)	$	1,373		$	128
	Amount of loss recognized in income on swaps (ineffective portion and amount excluded from effectiveness testing)	$	—		$	—
Schedule of interest rate swaps that are accounted for at fair value on a recurring basis	'
	The following sets forth the Company's financial instruments that are accounted for at fair value on a recurring basis as of December 31, 2013 and December 31, 2012 (in thousands):
					Fair Value Measurements as of
					December 31, 2013 Using:
		December 31,			Quoted Prices			Significant			Unobservable
		2013			In Active			Other			Inputs
					Markets for			Observable			(Level 3)
					Identical Assets			Inputs
					(Level 1)			(Level 2)
	Assets:
	Interest Rate Swaps	$	3,924		$	—		$	3,924		$	—
					Fair Value Measurements as of
					December 31, 2012 Using:
		December 31,			Quoted Prices			Significant			Unobservable
		2012			In Active			Other			Inputs
					Markets for			Observable			(Level 3)
					Identical Assets			Inputs
					(Level 1)			(Level 2)
	Liabilities:
	Interest Rate Swaps	$	(480	)	$	—		$	(480	)	$	—

Equity_Tables

Equity (Tables)	12 Months Ended
	Dec. 31, 2013
Stockholders' Equity	'
Schedule of grants of common stock for the members' service	'
	Service During Quarter Ended 2013	Grant Date	Shares		Fair Value
	December 31	January 15, 2014		2,554	$	52,000
	September 30	October 15, 2013		2,607		53,000
	June 30	July 15, 2013		2,602		53,000
	March 31	April 15, 2013		2,418		52,000
	Total 2013			10,181	$	210,000
	Service During Quarter Ended 2012	Grant Date	Shares		Fair Value
	December 31	January 15, 2013		2,851	$	54,000
	September 30	October 15, 2012		2,876		49,000
	June 30	July 13, 2012		3,108		46,000
	March 31	April 13, 2012		3,776		50,000
	Total 2012			12,611	$	199,000
Series A Preferred Stock	'
Stockholders' Equity	'
Schedule of dividends that have been declared by board of directors	'
	Amount Declared During Quarter Ended 2013	Declaration Date	Per Share		Date Paid
	December 31	November 1, 2013	$	0.5625	December 31, 2013
	September 30	August 2, 2013		0.5625	September 30, 2013
	June 30	May 6, 2013		0.5625	July 1, 2013
	March 31	March 1, 2013		0.5625	April 1, 2013
	Total 2013		$	2.25
	Amount Declared During Quarter Ended 2012	Declaration Date	Per Share		Date Paid
	December 31	November 2, 2012	$	0.5625	December 31, 2012
	September 30	August 2, 2012		0.5625	October 1, 2012
	June 30	May 15, 2012		0.5625	July 2, 2012
	March 31	March 6, 2012		0.5625	April 2, 2012
	Total 2012		$	2.25
Series B Preferred Stock	'
Stockholders' Equity	'
Schedule of dividends that have been declared by board of directors	'
	Amount Declared During Quarter Ended 2013	Declaration Date	Per Share		Date Paid
	December 31	November 1, 2013	$	0.4140625	December 31, 2013
	September 30	August 2, 2013		0.4140625	September 30, 2013
	June 30 (prorated for April 16, 2013 to June 30, 2013)	May 6, 2013		0.34505	July 1, 2013
	Total 2013		$	1.173175
Common Shares	'
Stockholders' Equity	'
Schedule of dividends that have been declared by board of directors	'
	Amount Declared During 2013	Declaration Date	Per Share		Date Paid
	Month ended December 31	September 24, 2013	$	0.1	January 15, 2014
	Month ended November 30	September 24, 2013		0.1	December 16, 2013
	Month ended October 31	September 24, 2013		0.1	November 15, 2013
	Quarter ended September 30	August 2, 2013		0.3	October 15, 2013
	Quarter ended June 30	May 6, 2013		0.3	July 15, 2013
	Quarter ended March 31	March 1, 2013		0.3	April 15, 2013
	Total 2013		$	1.2
	Amount Declared During Quarter Ended 2012	Declaration Date	Per Share		Date Paid
	December 31	November 2, 2012	$	0.27	January 15, 2013
	September 30	August 2, 2012		0.27	October 15, 2012
	June 30	May 15, 2012		0.27	July 13, 2012
	March 31	March 6, 2012		0.26	April 13, 2012
	Total 2012		$	1.07

Future_Minimum_Rents_Tables

Future Minimum Rents (Tables)	12 Months Ended
	Dec. 31, 2013
Future Minimum Rents	'
Schedule of minimum lease payments receivable	'
	Minimum lease payments receivable, excluding tenant reimbursement of expenses, under non-cancelable operating leases in effect as of December 31, 2013 are approximately as follows (in thousands):
	2014	$	134,391
	2015		121,243
	2016		106,356
	2017		85,455
	2018		66,355
	Thereafter		211,117

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2013
Earnings Per Share	'
Schedule of computation of basic and diluted earnings per common share	'
	The following tables set forth the computation of basic and diluted earnings per common share for the years ended December 31, 2013, December 31, 2012 and the period from April 20, 2011 to December 31, 2011, respectively (in thousands, except share data).
		Year ended
		December 31, 2013
	Numerator
	Net income from continuing operations	$	106
	Less: preferred stock dividends		9,495
	Less: amount allocable to unvested restricted stockholders		262
	Less: noncontrolling interest after preferred stock dividends allocable to continuing operations		(1,267	)
	Loss from continuing operations available to common stockholders	$	(8,384	)
	Income attributable to discontinued operations	$	4,796
	Less: noncontrolling interest allocable to discontinued operations		647
	Income from discontinued operations attributable to common stockholders	$	4,149
	Denominator
	Weighted average common shares outstanding—basic and diluted		42,364,125
	Loss from continuing operations attributable to common stockholders	$	(0.20	)
	Income from discontinued operations attributable to common stockholders		0.1
	Loss per share—basic and diluted	$	(0.10	)
		Year ended
		December 31, 2012
	Numerator
	Net loss from continuing operations	$	(7,817	)
	Less: preferred stock dividends		6,210
	Less: amount allocable to unvested restricted stockholders		122
	Less: noncontrolling interest after preferred stock dividends allocable to continuing operations		(3,180	)
	Loss from continuing operations available to common stockholders	$	(10,969	)
	Loss attributable to discontinued operations	$	(2,382	)
	Less: noncontrolling interest allocable to discontinued operations		(540	)
	Loss from discontinued operations attributable to common stockholders	$	(1,842	)
	Denominator
	Weighted average common shares outstanding—basic and diluted		25,046,664
	Loss from continuing operations attributable to common stockholders	$	(0.44	)
	Loss from discontinued operations attributable to common stockholders		(0.07	)
	Loss per share—basic and diluted	$	(0.51	)
		Period from
		April 20, 2011 to
		December 31, 2011
	Numerator
	Net loss from continuing operations	$	(10,510	)
	Less: preferred stock dividends		1,018
	Less: Amount allocable to unvested restricted stockholders		—
	Less: noncontrolling interest after preferred stock dividends allocable to continuing operations		(3,821	)
	Loss from continuing operations available to common stockholders	$	(7,707	)
	Income attributable to discontinued operations	$	1,283
	Less: noncontrolling interest allocable to discontinued operations		425
	Income from discontinued operations available to common stockholders	$	858
	Denominator
	Weighted average common shares outstanding—basic and diluted		15,630,910
	Loss from continuing operations attributable to common stockholders	$	(0.49	)
	Income from discontinued operations attributable to common stockholders		0.05
	Loss per common share—basic and diluted	$	(0.44	)

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2013
Commitments and Contingencies	'
Schedule of future minimum rental payments under the terms of the non-cancelable ground leases and operating leases	'
	Future minimum rental payments under the terms of the fixed non-cancelable ground leases and operating leases under which the Company is the lessee as of December 31, 2013 are as follows (in thousands):
	2014(1)	$	1,134
	2015(1)		1,433
	2016(1)		1,201
	2017(1)		1,029
	2018(1)		1,134
	Thereafter(1)		9,246
	-1
	Future minimum rent payments do not include estimates of CPI rent changes required by the lease agreements. Therefore, actual minimum rental payments may differ than those presented.

Selected_Interim_Financial_Inf1

Selected Interim Financial Information (unaudited) (Tables)	12 Months Ended
	Dec. 31, 2013
Selected Interim Financial Information (unaudited)	'
Summary of selected quarterly information	'
	The tables below reflect the Company's selected quarterly information for the quarters ended December 31, 2013, September 30, 2013, June 30, 2013, March 31, 2013, December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012.
		STAG Industrial, Inc.
		Quarter ended			Quarter ended			Quarter ended			Quarter ended
		December 31,			September 30,			June 30,			March 31,
		2013			2013			2013			2013
	Total revenue	$	37,418		$	34,644		$	31,842		$	29,988
	Income (loss) from continuing operations	$	1,126		$	265		$	(738	)	$	(547	)
	Net income (loss) attributable to the common stockholders	$	2,098		$	(2,147	)	$	(2,410	)	$	(1,775	)
	Income (loss) per share—basic and diluted	$	0.05		$	(0.05	)	$	(0.06	)	$	(0.04	)
		STAG Industrial, Inc.
		Quarter ended			Quarter ended			Quarter ended			Quarter ended
		December 31,			September 30,			June 30,			March 31,
		2012			2012			2012			2012
	Total revenue	$	26,877		$	20,878		$	19,116		$	17,181
	Income (loss) from continuing operations	$	(2,973	)	$	(1,371	)	$	(2,028	)	$	(1,445	)
	Net income (loss) attributable to the common stockholders	$	(3,372	)	$	(5,262	)	$	(2,235	)	$	(1,942	)
	Income (loss) per share—basic and diluted	$	(0.10	)	$	(0.18	)	$	(0.11	)	$	(0.12	)

Organization_and_Description_o1

Organization and Description of Business (Details)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Organization and Description of Business	'	'
Number of buildings owned	209	'
Number of states in which the entity owned buildings	34	'
Area of building (in square feet)	38,100,000	'
Number of warehouse/distribution buildings	142	'
Number of light manufacturing buildings	47	'
Number of flex/office buildings	20	'
Number of vacant land parcels owned	1	'
Percentage of buildings leased to tenants	95.60%	'
Number of tenants to whom buildings are given on lease	191	'
STAG Industrial Operating Partnership, L.P.	'	'
Organization and Description of Business	'	'
Ownership interest in Operating Partnership (as a percent)	86.65%	85.29%

Organization_and_Description_o2

Organization and Description of Business (Details 2) (USD $)

0 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

12 Months Ended

Apr. 19, 2011

Dec. 31, 2011

Dec. 31, 2012

Dec. 31, 2013

Apr. 20, 2011

Dec. 31, 2013

Apr. 20, 2011

Apr. 20, 2011

Apr. 19, 2011

Apr. 20, 2011

Apr. 20, 2011

Jan. 22, 2013

Aug. 15, 2012

29-May-12

Apr. 19, 2011

Dec. 31, 2013

13-May-11

Apr. 20, 2011

building

STAG Investments III, LLC (Fund III)

STAG Investments III, LLC (Fund III)

STAG Investments III, LLC (Fund III)

STAG Investments III, LLC (Fund III)

Secured corporate revolving credit facility

Secured corporate revolving credit facility

Predecessor and the Participants

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

building

building

Minimum

Maximum

Formation transactions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock issued (in shares)

'

'

'

'

'

'

'

'

'

'

'

6,284,152

9,200,000

8,337,500

13,750,000

8,956,844

'

'

Issue price (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

$18.30

$14.15

$12.88

'

'

$13

$13

Common units of Operating Partnership issued (in shares)

'

'

'

'

'

'

'

'

'

'

7,590,000

'

'

'

'

'

'

'

Aggregate value of common units of Operating Partnership issued

'

'

'

'

'

'

'

'

'

'

$98,700,000

'

'

'

'

'

'

'

Maximum borrowing capacity under the facility

'

'

'

'

'

'

'

'

'

100,000,000

'

'

'

'

'

'

'

'

Proceeds from borrowings under the credit facility

'

34,500,000

124,300,000

'

'

'

'

'

11,000,000

'

'

'

'

'

'

'

'

'

Repayment of certain outstanding indebtedness

164,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Payment of direct costs associated with the obtaining and retiring of indebtedness and the termination of interest rate swaps

2,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Payment of transfer taxes and other fees

$300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of buildings owned

'

'

'

209

3

0

'

'

'

'

'

'

'

'

'

'

'

'

Period after notification that the property has stabilized, for which the entity has the right to acquire the Option Properties

'

'

'

'

'

'

'

'3 months

'

'

'

'

'

'

'

'

'

'

Occupancy percentage required to declare that Option Properties have stabilized (as a percent)

'

'

'

'

'

'

85.00%

'

'

'

'

'

'

'

'

'

'

'

Remaining lease duration for which a required occupancy percentage should be met in order to declare that the property has stabilized

'

'

'

'

'

'

'2 years

'

'

'

'

'

'

'

'

'

'

'

Period from the date of formation transactions after which the right to acquire any of the Option Properties expires

'

'

'

'

'5 years

'

'

'

'

'

'

'

'

'

'

'

'

'

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details) (USD $)	9 Months Ended	12 Months Ended		3 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Apr. 19, 2011
				STAG Predecessor Group
Supplemental cash flow information	'	'	'	'
Cash paid for interest	$11,445	$19,272	$15,044	$2,433
Supplemental schedule of non-cash investing and financing activities	'	'	'	'
Acquisition of tangible assets	-215,890	'	'	'
Acquisition of goodwill upon formation transactions	-4,923	'	'	'
Acquisition of intangible assets upon formation transactions	-83,442	'	'	'
Assumption of mortgage notes payable	-201,789	'	'	'
Fair market value adjustment to mortgage notes payable acquired	-675	'	'	'
Assumption of related party notes payable upon formation transactions	4,466	'	'	'
Acquisition of intangible liabilities upon formation transactions	1,066	'	'	'
Acquisition of interest rate swaps upon formation transactions included in the purchase price allocation	420	'	'	'
Acquisition of other liabilities upon formation transactions	171	'	'	'
Issuance of units for acquisition of net assets upon formation transactions	95,670	'	'	'
Disposition of accrued lender fees upon formation transactions	'	'	'	4,420
Assumption of bridge loan for Option Properties upon formation transactions	'	'	'	-4,750
Assumption of note payable to related party for Option Properties upon formation transactions	'	'	'	-727
Assumption of interest rate swaps to related party for Option Properties upon formation transactions	'	'	'	-352
Non cash investing activities included in additions of land and building improvements	-440	-11,934	-440	'
Issuance of units for acquisitions of properties	95,670	11,499	'	'
Write-off of fully depreciated tenant improvements	'	1,254	576	'
Write-off of accumulated depreciation	'	1,254	576	'
Dividends and distributions declared but not paid	6,160	5,166	11,301	'
Accrued distribution upon formation transactions	'	'	'	($1,392)

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Details 2) (USD $)

0 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

Dec. 17, 2013

Dec. 18, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Jun. 30, 2013

Sep. 30, 2013

Dec. 31, 2013

Apr. 19, 2011

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Series A Preferred Stock

Series A Preferred Stock

Series A Preferred Stock

Series A Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

STAG Predecessor Group

Buildings

Building and land improvements

Building and land improvements

Minimum

Maximum

Rental Property and Depreciation

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Useful life

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'40 years

'5 years

'20 years

Deferred Costs

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amortization of deferred financing fees

'

'

'

$800,000

$1,200,000

$1,100,000

'

'

'

'

'

'

'

$31,000

'

'

'

Dividends

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Series A Preferred stock dividends paid

'

'

'

1,018,000

9,495,000

6,210,000

'

1,000,000

6,200,000

6,200,000

'

'

3,300,000

'

'

'

'

Dividend paid (in dollars per share)

'

'

'

'

'

'

'

$0.37

$2.25

$2.25

'

'

$1.17

'

'

'

'

Ordinary income (in dollars per share)

'

'

'

$0.35

$0.97

$0.63

'

'

'

'

'

'

'

'

'

'

'

Return of capital (in dollars per share)

'

'

'

$0.12

$0.37

$0.43

'

'

'

'

'

'

'

'

'

'

'

Unrecaptured section 1250 capital gain (in dollars per share)

'

'

'

'

$0.01

'

'

'

'

'

'

'

'

'

'

'

'

Other capital gain (in dollars per share)

'

'

'

'

$0.01

'

'

'

'

'

'

'

'

'

'

'

'

Total (in dollars per share)

'

'

'

$0.47

$1.37

$1.06

'

'

'

'

'

'

'

'

'

'

'

Ordinary income (as a percent)

'

'

'

74.50%

71.00%

59.80%

'

'

'

'

'

'

'

'

'

'

'

Return of capital (as a percent)

'

'

'

25.50%

27.00%

40.20%

'

'

'

'

'

'

'

'

'

'

'

Unrecaptured section 1250 capital gain (as a percent)

'

'

'

'

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

Other capital gain (as a percent)

'

'

'

'

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

Total (as a percent)

'

'

'

100.00%

100.00%

100.00%

'

'

'

'

'

'

'

'

'

'

'

Common stock Dividends declared

$1.20

$1.26

$0.27

'

$0.10

'

$0.41

'

'

'

$0.35

$0.41

$1.17

'

'

'

'

Tenant Accounts Receivable, net

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Allowance for doubtful accounts

'

'

0

'

19,000

0

'

'

'

'

'

'

'

'

'

'

'

Accrued rental revenue

'

'

6,400,000

'

9,300,000

6,400,000

'

'

'

'

'

'

'

'

'

'

'

Allowance on accrued rental revenue

'

'

0

'

0

0

'

'

'

'

'

'

'

'

'

'

'

Lease security deposits available in existing letters of credit

'

'

4,800,000

'

4,900,000

4,800,000

'

'

'

'

'

'

'

'

'

'

'

Lease security deposits available in cash

'

'

$2,000,000

'

$3,000,000

$2,000,000

'

'

'

'

'

'

'

'

'

'

'

Summary_of_Significant_Account5

Summary of Significant Accounting Policies (Details 3) (USD $)	0 Months Ended	9 Months Ended	12 Months Ended		3 Months Ended	0 Months Ended
	Jul. 08, 2011	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Apr. 19, 2011	Jul. 08, 2011	Jul. 08, 2011	Oct. 18, 2013
	item		item		STAG Predecessor Group	Property located in Youngstown, OH	Property located in Bardstown, KY	Property located in Creedmoor, NC
						item
Summary of significant accounting policies	'	'	'	'	'	'	'	'
Number of facilities for which a lease termination agreement was entered into for	2	'	'	'	'	1	'	'
Termination fee payable by tenant	'	'	'	'	'	$2,000,000	'	$2,500,000
Replenishment of a security deposit	'	'	'	'	'	'	200,000	'
Lease termination fee applied to outstanding accounts receivable	45,000	'	'	'	'	'	'	'
Termination income recognized and included in rental income	'	1,800,000	'	'	'	'	'	'
Estimated amount of real estate taxes, which are the responsibility of tenants	'	3,500,000	9,400,000	6,900,000	500,000	'	'	'
Income Taxes	'	'	'	'	'	'	'	'
Required minimum percentage distribution of ordinary taxable income to stockholders to qualify as a REIT (as a percent)	'	'	90.00%	'	'	'	'	'
State and local income, excise and franchise taxes	'	300,000	600,000	300,000	'	'	'	'
Liabilities for uncertain tax positions	'	'	0	'	'	'	'	'
Reconciliation of net loss to taxable income	'	'	'	'	'	'	'	'
Net income (loss)	'	-9,227,000	4,902,000	-10,199,000	-229,000	'	'	'
Book/Tax differences from depreciation and amortization	'	12,625,000	46,389,000	24,048,000	'	'	'	'
Above/Below market lease amortization	'	2,776,000	6,544,000	4,837,000	'	'	'	'
Loss on Impairments	'	'	'	4,563,000	'	'	'	'
Formation transaction costs	'	3,169,000	'	'	'	'	'	'
Offering costs	'	78,000	27,000	68,000	'	'	'	'
Book/Tax difference on property acquisition costs	'	1,088,000	3,427,000	4,218,000	'	'	'	'
Loss on extinguishment of debt	'	'	'	565,000	'	'	'	'
Accrued non-recurring IPO bonus payment	'	1,000,000	'	-1,000,000	'	'	'	'
Accrued bonus payment	'	'	440,000	3,731,000	'	'	'	'
Book/Tax difference on bad debt expense	'	526,000	19,000	317,000	'	'	'	'
Book/Tax difference on non-cash compensation	'	560,000	1,846,000	1,375,000	'	'	'	'
Book/Tax difference on gain on sale of real estate	'	-1,231,000	-3,915,000	-4,554,000	'	'	'	'
Straight-line rent adjustments, net	'	-1,036,000	-2,941,000	-2,796,000	'	'	'	'
Unrealized gain on interest rate swaps	'	-2,805,000	'	-215,000	'	'	'	'
Book/Tax difference on non-cash portion of interest expense	'	'	-106,000	-159,000	'	'	'	'
Other book/tax differences, net	'	-73,000	28,000	63,000	'	'	'	'
Loss attributable to noncontrolling interest	'	-1,768,000	-7,785,000	-5,940,000	'	'	'	'
Taxable income subject to distribution requirement	'	$5,682,000	$48,875,000	$18,922,000	'	'	'	'
Minimum distribution of taxable income (as a percent)	'	100.00%	100.00%	100.00%	'	'	'	'
Segment Reporting	'	'	'	'	'	'	'	'
Number of reportable segments	'	'	1	'	'	'	'	'
Number of operating segments	'	'	1	'	'	'	'	'

Real_Estate_Details

Real Estate (Details) (USD $)

0 Months Ended

5 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

5 Months Ended

12 Months Ended

Jun. 19, 2013

Apr. 05, 2013

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Oct. 09, 2012

Oct. 31, 2012

Apr. 05, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

property

building

property

property

STAG Investments Holdings II, LLC

Fund II - Related Party

Fund II - Related Party

Above market leases

Above market leases

Below market leases

Below market leases

In-place leases

In-place leases

Tenant relationships

Tenant relationships

Series of individually insignificant properties

Series of individually insignificant properties

Orangeburg, SC

Golden, CO

Columbia, SC

DeKalb, IL

Ocala, FL

Londonderry, NH

Marion, IA

Mishawaka, IN

Southfield, MI

Houston, TX

Idaho Falls, ID

Mt. Prospect, IL

Williamsport, PA

Belvidere, IL

Kentwood, MI

Marshall, MI

Nashville, TN

Catoosa, OK

New Berlin, WI

Hampstead, MD

New Hope, MN

Springfield, OH

Orlando, FL

North Jackson, OH

Mebane, NC

Mebane, NC

Shannon, GA

Lansing, MI

Harvard, IL

Sauk Village, IL

South Holland, IL

Mascot, TN

Janesville, WI

East Windsor, CT

South Bend, IN

Lansing, MI

Portland, ME

Portland, TN

Spartanburg, SC

Franklin, IN

Muhlenberg Township, PA

Avon, CT

Orlando, FL

Pineville, NC

Buffalo, NY

Edgefield, SC

Arlington, TX

Bellevue, OH

Atlanta, GA

Huntersville, NC

Simpsonville, SC

Simpsonville, SC

Dallas, GA

Mebane, NC

De Pere, WI

Duncan, SC

Duncan, SC

Buena Vista, VA

Gurnee, IL

Auburn Hills, MI

El Paso, TX

Gloversville, NY

Gloversville, NY

Gloversville, NY

Gloversville, NY

Greenwood, SC

Greenwood, SC

Holland, MI

Independence, VA

Jackson, TN

Johnstown, NY

Johnstown, NY

Johnstown, NY

Johnstown, NY

Kansas City, KS

Lafayette, IN

Lafayette, IN

Lafayette, IN

Lansing, MI

Marion, IN

Novi, MI

O'Hara, PA

Parsons, KS

Phenix City, AL

Portage, IN

Ware Shoals, SC

Wichita, KS

Wichita, KS

Wichita, KS

Wichita, KS

Chicopee, MA

Sterling Heights, MI

Harrisonburg, VA

Toledo, OH

Woodstock, IL

Kansas City, MO

Smyrna, GA

Montgomery, IL

Statham, GA

sqft

sqft

building

property

building

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

property

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

acre

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

Formation transactions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Area (in square feet)

'

'

'

9,028,388

12,829,194

'

'

'

'

'

'

'

'

'

'

'

'

'

319,000

227,500

273,280

146,740

619,466

125,060

95,500

308,884

113,000

201,574

90,300

87,380

250,000

1,006,960

85,157

57,025

150,000

100,100

205,063

1,035,249

107,348

350,500

215,900

209,835

383,500

202,691

568,516

160,000

126,304

375,785

202,902

130,560

700,000

145,000

225,000

129,325

100,600

414,043

409,600

703,496

394,289

78,400

155,000

75,400

117,000

126,190

196,000

181,838

407,981

185,570

204,952

207,042

92,807

223,340

200,000

474,000

313,380

172,759

223,760

87,932

269,245

50,000

101,589

26,529

59,965

104,955

70,100

195,000

120,000

250,000

52,500

60,000

42,325

57,102

56,580

71,400

120,000

275,000

250,100

249,600

120,800

887,084

120,000

117,568

212,000

20,514

80,850

120,000

44,760

47,700

217,000

108,000

357,673

177,500

129,803

226,576

102,000

584,301

225,680

Number of buildings acquired

'

'

'

39

70

'

'

'

'

'

'

'

'

'

'

'

'

'

1

1

1

1

1

1

1

1

1

1

1

1

1

8

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

4

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

Area of land owned adjacent to building

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5.4

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of industrial properties acquired

'

'

'

'

'

31

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total number of industrial properties acquired

'

33

'

'

'

31

1

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Allocation of the consideration paid for the acquired assets and liabilities

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Land

'

'

'

$31,310,000

$34,991,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Buildings

'

'

'

223,420,000

269,616,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Tenant improvements

'

'

'

2,526,000

10,624,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cash escrow for capital additions

'

'

'

'

785,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amortizable intangible assets

'

'

'

'

'

'

'

'

8,219,000

16,728,000

-2,538,000

-5,962,000

50,005,000

63,397,000

21,257,000

26,241,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Building and land Improvements

'

'

'

9,133,000

7,488,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net assets acquired

'

'

'

343,332,000

423,908,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted Average Amortization Period of Lease Intangibles

'

'

'

'

'

'

'

'

'5 years 9 months 18 days

'10 years

'7 years 2 months 12 days

'6 years 6 months

'5 years 9 months 18 days

'6 years 7 months 6 days

'8 years 2 months 12 days

'8 years 2 months 12 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of buildings purchased through issuance of common stock

8

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of common units issued as a consideration for purchase of building

555,758

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair value of common units issued

11,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Purchase price paid in cash

40,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total revenue

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

16,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net income

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Property acquisition costs

'

'

1,088,000

3,427,000

4,218,000

'

'

'

'

'

'

'

'

'

'

'

3,000,000

3,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of buildings acquired whose results of operations are included in the consolidated statement of operations

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

39

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Pro forma information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total revenue

'

'

'

154,866,000

152,962,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net income (loss)

'

'

'

11,780,000

-12,286,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net income attributable to common stockholders

'

'

'

$1,715,000

($14,424,000)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted average shares outstanding

'

'

'

42,364,125

25,046,664

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net income per share attributable to common stockholders (in dollars per share)

'

'

'

($0.04)

($0.58)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Real_Estate_Details_2

Real Estate (Details 2) (USD $)

3 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Jun. 11, 2012

Nov. 30, 2012

Sep. 30, 2012

Apr. 19, 2011

Dec. 31, 2011

Sep. 30, 2012

Dec. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Sep. 30, 2012

Jun. 11, 2013

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Jun. 13, 2013

Oct. 31, 2013

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Oct. 18, 2013

Apr. 20, 2012

Apr. 19, 2011

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 22, 2011

Apr. 19, 2011

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

sqft

Great Bend, KS

Great Bend, KS

Great Bend, KS

Great Bend, KS

Great Bend, KS

Great Bend, KS

Great Bend, KS

In-place lease intangibles

In-place lease intangibles

Flex/office building in Pittburgh, PA

Flex/office building in Pittburgh, PA

Flex/office building in Pittburgh, PA

Flex/office building in Pittburgh, PA

Flex/office building in Pittburgh, PA

Warehouse and distribution building in Creedmoor, NC

Warehouse and distribution building in Creedmoor, NC

Warehouse and distribution building in Creedmoor, NC

Warehouse and distribution building in Creedmoor, NC

Warehouse and distribution building in Creedmoor, NC

Warehouse and distribution facility located in Youngstown, OH

Warehouse and distribution facility located in Youngstown, OH

Warehouse and distribution facility located in Youngstown, OH

Warehouse and distribution facility located in Youngstown, OH

Warehouse and distribution facility located in Youngstown, OH

Flex/office property located in Amesbury, MA

Flex/office property located in Amesbury, MA

Flex/office property located in Amesbury, MA

Flex/office property located in Amesbury, MA

Flex/office property located in Amesbury, MA

Great Bend, KS

Great Bend, KS

sqft

sqft

sqft

sqft

Disposal of real estate properties

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net rentable square feet

'

'

'

'

'

'

'

'

'

'

'

190,000

'

'

'

'

'

'

'

'

'

'

'

'

'

53,183

243,048

'

'

'

'

153,708

'

'

'

'

78,000

'

'

'

'

Carrying value of property sold

$1,007,393,000

'

'

'

$770,052,000

'

'

'

'

$1,007,393,000

$770,052,000

'

$4,000,000

'

'

'

'

'

'

'

'

'

'

'

'

$4,400,000

$4,500,000

'

'

'

'

$3,000,000

'

'

'

'

$4,200,000

'

'

'

'

Sales price

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,100,000

'

'

'

'

9,500,000

'

'

'

'

3,400,000

'

'

'

'

4,800,000

'

'

'

'

Net proceeds from sales of discontinued operations

'

'

'

'

'

'

'

'

4,507,000

14,181,000

7,221,000

'

4,000,000

'

'

'

'

'

'

'

'

4,800,000

'

'

'

'

9,300,000

'

'

'

'

3,200,000

'

'

'

'

4,500,000

'

'

'

'

Gain on sales of real estate

'

'

'

'

'

'

'

'

329,000

5,305,000

222,000

'

3,000

'

'

'

'

'

'

'

'

500,000

'

'

'

'

4,800,000

'

'

'

'

200,000

'

'

'

'

300,000

'

'

'

'

Termination fee payable by tenant

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,500,000

'

'

'

'

'

'

'

'

'

'

Amount contributed to total revenue by the property sold

37,418,000

34,644,000

31,842,000

29,988,000

26,877,000

20,878,000

19,116,000

17,181,000

41,116,000

133,893,000

84,052,000

'

'

'

400,000

800,000

'

0

1,800,000

'

'

'

400,000

300,000

500,000

'

'

600,000

700,000

900,000

'

'

200,000

2,000,000

0

0

'

0

0

0

0

Loss on impairment

'

'

'

'

'

'

'

'

'

'

'

'

'

3,900,000

'

'

3,900,000

'

'

700,000

700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Sales price under purchase and sale agreement to sell the building

'

'

'

'

'

'

'

'

'

'

'

'

$4,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Deferred_Leasing_Intangibles_D

Deferred Leasing Intangibles (Details) (USD $)

12 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

3 Months Ended

9 Months Ended

9 Months Ended

12 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

3 Months Ended

Dec. 31, 2012

Dec. 31, 2013

Jun. 11, 2012

Sep. 30, 2012

Sep. 30, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Sep. 30, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Apr. 19, 2011

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Apr. 19, 2011

sqft

Great Bend, Kansas

Great Bend, Kansas

Non-recurring

Non-recurring

In-place leases

In-place leases

In-place leases

In-place leases

Above market leases

Above market leases

Tenant relationships

Tenant relationships

Leasing commissions

Leasing commissions

Below market leases

Below market leases

In-place leases, lease commissions and tenant relationships

In-place leases, lease commissions and tenant relationships

In-place leases, lease commissions and tenant relationships

In-place leases, lease commissions and tenant relationships

Above and below market leases

Above and below market leases

Above and below market leases

Above and below market leases

Level 3 inputs

Level 3 inputs

Great Bend, Kansas

Great Bend, Kansas

STAG Predecessor Group

STAG Predecessor Group

Great Bend, Kansas

Deferred leasing intangibles, assets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gross

'

'

'

'

'

'

'

$142,518,000

$108,363,000

'

'

$57,283,000

$50,699,000

$77,260,000

$61,050,000

$33,107,000

$23,376,000

'

'

'

'

'

'

'

'

'

'

Less: Accumulated amortization

'

'

'

'

'

'

'

-49,756,000

-28,289,000

'

'

-17,232,000

-10,362,000

-18,693,000

-11,298,000

-9,520,000

-5,984,000

'

'

'

'

'

'

'

'

'

'

Net

187,555,000

214,967,000

'

'

'

'

'

92,762,000

80,074,000

'

'

40,051,000

40,337,000

58,567,000

49,752,000

23,587,000

17,392,000

'

'

'

'

'

'

'

'

'

'

Deferred leasing intangibles, liabilities

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gross

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

11,434,000

9,878,000

'

'

'

'

'

'

'

'

Less: Accumulated amortization

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-4,520,000

-3,007,000

'

'

'

'

'

'

'

'

Net

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6,914,000

6,871,000

'

'

'

'

'

'

'

'

Amortization expense

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

12,900,000

42,500,000

25,000,000

700,000

'

'

'

'

Net increase (decrease) to rental revenues related to net amortization of above (below) market leases

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-2,800,000

-6,500,000

-4,800,000

2,000

Estimated Net Amortization of In-Place Leases, Leasing Commissions and Tenant Relationships

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2014

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

41,754,000

'

'

'

'

'

'

2015

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

33,004,000

'

'

'

'

'

'

2016

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

26,818,000

'

'

'

'

'

'

2017

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

21,011,000

'

'

'

'

'

'

2018

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15,217,000

'

'

'

'

'

'

Net Decrease to Rental Income Related to Above and Below Market Leases

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2014

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,980,000

'

'

2015

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6,201,000

'

'

2016

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,600,000

'

'

2017

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,240,000

'

'

2018

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,256,000

'

'

Net rentable area before exercise of option by tenant to downsize the space (in square feet)

'

'

190,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net rentable area after exercise of option by tenant to downsize the space (in square feet)

'

'

60,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Discount rate at which cash flows are discounted (as a percent)

11.40%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair value of lease intangibles

'

'

'

'

'

400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Non-cash impairment loss

622,000

'

'

'

'

600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Non-cash impairment loss

'

'

'

$3,900,000

$3,900,000

'

$700,000

'

'

$700,000

$700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt_Details

Debt (Details) (USD $)

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

0 Months Ended

12 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

Sep. 14, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Oct. 07, 2013

Oct. 07, 2013

Oct. 07, 2013

Oct. 07, 2013

Oct. 07, 2013

Oct. 07, 2013

Oct. 07, 2013

Oct. 07, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Oct. 07, 2013

Oct. 07, 2013

Oct. 07, 2013

Dec. 31, 2013

Dec. 31, 2012

Oct. 07, 2013

Oct. 07, 2013

Dec. 31, 2013

Dec. 31, 2012

Oct. 07, 2013

Oct. 07, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Sep. 14, 2012

Dec. 31, 2013

Dec. 31, 2012

Sep. 10, 2012

Oct. 07, 2013

Oct. 07, 2013

Oct. 07, 2013

Oct. 07, 2013

Oct. 07, 2013

Oct. 07, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Feb. 14, 2013

Dec. 31, 2013

Feb. 14, 2013

Dec. 31, 2013

Dec. 31, 2012

Nov. 08, 2012

Oct. 07, 2013

Sep. 10, 2012

Dec. 31, 2013

Dec. 31, 2013

Sep. 10, 2012

Sep. 10, 2012

Dec. 31, 2013

Sep. 10, 2012

Aug. 15, 2012

Sep. 10, 2012

Oct. 07, 2013

Sep. 10, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Jun. 27, 2012

Minimum

Minimum

Maximum

Maximum

Mortgage notes payable

Mortgage notes payable

Sun Life

Sun Life

Bank of America Unsecured Credit Facility and Unsecured Term Loan

Bank of America Unsecured Credit Facility and Unsecured Term Loan

Bank of America Unsecured Credit Facility and Unsecured Term Loan

Bank of America Unsecured Credit Facility and Unsecured Term Loan

Bank of America Unsecured Credit Facility and Unsecured Term Loan

Bank of America Unsecured Credit Facility and Unsecured Term Loan

Bank of America Unsecured Credit Facility and Unsecured Term Loan

Bank of America Unsecured Credit Facility and Unsecured Term Loan

Webster Bank, maturity date Aug 4, 2016

Webster Bank, maturity date Aug 4, 2016

Bank of America Unsecured Credit Facility, due on September 10, 2016

Bank of America Unsecured Credit Facility, due on September 10, 2016

Bank of America Unsecured Credit Facility, due on September 10, 2016

Bank of America Unsecured Credit Facility, due on September 10, 2016

Bank of America Unsecured Credit Facility, due on September 10, 2016

Bank of America Unsecured Credit Facility, due on September 10, 2016

Bank of America Unsecured Credit Facility, due on September 10, 2016

Bank of America Unsecured Credit Facility, due on September 10, 2016

Bank of America Unsecured Credit Facility, due on September 10, 2016

Bank of America Unsecured Credit Facility, due on September 10, 2016

Bank of America Unsecured Credit Facility, due on September 10, 2016

Bank of America Unsecured Credit Facility, due on September 10, 2016

Bank of America Unsecured Credit Facility, due on September 10, 2016

Union Fidelity

Union Fidelity

Webster Bank, maturity date May 29, 2017

Webster Bank, maturity date May 29, 2017

Webster Bank, maturity date May 31, 2017

Webster Bank, maturity date May 31, 2017

Bank of America Unsecured Term Loan, due on September 10, 2017

Bank of America Unsecured Term Loan, due on September 10, 2017

Bank of America Unsecured Term Loan, due on September 10, 2017

Bank of America Unsecured Term Loan, due on September 10, 2017

Bank of America Unsecured Term Loan, due on September 10, 2017

Bank of America Unsecured Term Loan, due on September 10, 2017

Bank of America Unsecured Term Loan, due on September 10, 2017

Bank of America Unsecured Term Loan, due on September 10, 2017

Bank of America Unsecured Term Loan, due on September 10, 2017

Bank of America Unsecured Term Loan, due on September 10, 2017

CIGNA-1 Facility

CIGNA-1 Facility

CIGNA-2 Facility

CIGNA-2 Facility

CIGNA-3 Facility

CIGNA-3 Facility

Wells Fargo, Unsecured Term Loan, due on February 14, 2020

Wells Fargo, Unsecured Term Loan, due on February 14, 2020

Wells Fargo, Unsecured Term Loan, due on February 14, 2020

Wells Fargo, CMBS Loan

Wells Fargo, CMBS Loan

Wells Fargo, CMBS Loan

Unsecured Credit Facility

Unsecured Credit Facility

Unsecured Credit Facility

Unsecured Credit Facility

Swing line loans

Letter of credit

CIGNA-1, CIGNA-2, and CIGNA-3 facilities

Wells Fargo Master Loan-Fixed Amount

Wells Fargo Master Loan-Fixed Amount

Credit Facility

Unsecured Term Loan

Unsecured Term Loan

Unsecured Term Loan

Unsecured Term Loan

Unsecured Term Loan

Unsecured Term Loan

Bank of America, N.A.

Original Terms

Base Rate

Eurodollar Rate

Minimum

Minimum

Maximum

Maximum

Amended Terms

Base Rate

Eurodollar Rate

Minimum

Minimum

Minimum

Minimum

Maximum

Maximum

Maximum

Maximum

Base Rate

Eurodollar Rate

Minimum

Minimum

Maximum

Maximum

LIBOR

Minimum

Maximum

item

Minimum

Minimum

Maximum

Maximum

Original Terms

Original Terms

Base Rate

Eurodollar Rate

Base Rate

Eurodollar Rate

Amended Terms

Amended Terms

Base Rate

Eurodollar Rate

Base Rate

Eurodollar Rate

Amended Terms

Amended Terms

Base Rate

Eurodollar Rate

Base Rate

Eurodollar Rate

Original Terms

Original Terms

Original Terms

Original Terms

Amended Terms

Amended Terms

Amended Terms

Amended Terms

Amended Terms

Amended Terms

Amended Terms

Amended Terms

Debt instruments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate base

'

'One-month LIBOR

'One-month LIBOR

'

'

'

'

'

'

'

'

'

'

'Base rate

'one month-LIBOR

'

'

'

'

'

'

'LIBOR

'

'

'Base rate

'one month-LIBOR

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'LIBOR

'

'

'Base rate

'one month-LIBOR

'

'

'

'

'

'

'

'

'

'

'

'LIBOR

'one-month LIBOR

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate margin (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.65%

1.65%

1.25%

2.25%

'

'

1.45%

'

'

'

'

1.45%

1.45%

0.45%

1.45%

1.65%

1.65%

1.05%

2.05%

'

'

'

'

'

'

'

1.40%

'

'

'

'

0.40%

1.40%

1.00%

2.00%

'

'

'

'

'

'

'

2.15%

2.70%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.40%

1.40%

1.65%

1.65%

'

Interest Rate (as a percent)

'

'

'

'

'

'

'

'

'

6.05%

'

'

'

'

'

'

'

'

'

4.22%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5.81%

'

3.66%

'

3.64%

'

'

'

'

'

'

'

'

'

'

'

6.50%

'

5.75%

'

5.88%

'

'

'

'

4.31%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7.05%

One-month LIBOR rate (as a percent)

'

0.17%

0.21%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Principal outstanding

'

$556,091,000

$479,215,000

'

'

'

'

$225,591,000

$229,915,000

$3,817,000

$4,079,000

'

'

'

'

'

'

'

'

$5,834,000

$5,984,000

$80,500,000

$99,300,000

'

'

'

'

'

'

'

'

'

'

'

$6,551,000

$6,898,000

$3,121,000

$3,203,000

$3,360,000

$3,450,000

'

$150,000,000

$150,000,000

'

'

'

'

'

'

'

$58,874,000

$59,645,000

$59,990,000

$60,863,000

$16,879,000

$17,097,000

'

$100,000,000

'

$67,165,000

$68,696,000

$68,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Repayment of principal outstanding

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

18,700,000

'

'

'

'

'

'

'

'

8,100,000

New or additional borrowings

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

150,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unamortized fair market value premium

'

288,000

'

'

'

'

'

288,000

'

200,000

200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100,000

200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Portion of unsecured term loan swapped from LIBOR for fixed rate

100,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

125,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unused commitment fees

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

600,000

100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,500,000

'

'

'

'

'

'

'

Unsecured Term Loan

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

150,000,000

'

'

150,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

150,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

150,000,000

'

'

'

'

'

Additional borrowing capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

250,000,000

'

'

'

'

'

'

'

'

300,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Variable rate received under agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'One-month LIBOR

'One-month LIBOR

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Consolidated leverage ratio

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.6

'

'

'

'

'

'

'

'

'

'

'

'

'

Secured leverage ratio

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.45

'

'

'

'

'

'

'

'

'

'

'

'

'

Unencumbered leverage ratio

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.6

'

'

'

'

'

'

'

'

'

'

'

'

'

Secured recourse debt ratio

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7.5

'

'

'

'

'

'

'

'

'

'

'

'

'

Fixed charge ratio

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.5

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Discount rate at which cash flows are discounted (as a percent)

'

'

11.40%

1.57%

1.86%

5.24%

4.64%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair value

'

'

'

'

'

'

'

228,996,000

242,175,000

'

'

'

'

'

'

'

'

'

'

'

'

80,500,000

99,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

148,781,000

150,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

97,302,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Remaining borrowing capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

0

'

2,900,000

'

47,900,000

'

'

50,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum borrowing capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

119,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

200,000,000

'

'

10,000,000

10,000,000

'

'

'

'

'

'

'

'

'

'

'

Gain (loss) on early extinguishment of the loan

'

'

-929,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

18,000

Service coverage ratio after to satisfaction of an appraisal condition

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.6

'

'

'

'

'

'

'

'

'

'

'

'

'

Pre-payment penalties

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

0

'

'

'

'

'

'

0

Loss on early extinguishment of credit facility

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

400,000

'

500,000

'

'

'

'

'

'

'

Unused commitment fee (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.35%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unused commitment fee when usage more than 50 % (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

0.25%

'

'

'

'

'

'

'

'

'

'

0.20%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unused commitment fee when usage less than 50 % (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

0.35%

'

'

'

'

'

'

'

'

'

'

0.25%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Deferred financing fees, net

'

5,467,000

4,704,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,400,000

'

'

'

'

'

300,000

'

'

'

'

'

'

'

'

'

200,000

'

'

'

'

'

'

Deferred financing fees amortization period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'7 years

'

'

'

'

'

'3 years

'

'

'

'

'

'

'

'

'5 years

'4 years

'

'

'

'

'

'

Deferred financing fees expensed as a loss on extinguishment of debt

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Deferred annual fees

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Deferred annual fees amortization period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'1 year

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Prepayment of debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

105,000,000

'

'

'

'

'

'

'

'

Number of properties held as collateral that are cross-collateralized

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

21

'

'

'

'

'

'

'

'

'

'

Net book value of collateralized properties for debt arrangements

'

262,700,000

269,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate future principal payments of mortgage notes payable, Unsecured credit facility

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2014

'

'

'

'

'

'

'

4,447,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2015

'

'

'

'

'

'

'

4,688,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2016

'

'

'

'

'

'

'

93,777,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2017

'

'

'

'

'

'

'

165,506,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2018

'

'

'

'

'

'

'

113,377,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Thereafter

'

'

'

'

'

'

'

174,008,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total aggregate principal payments

'

'

'

'

'

'

'

555,803,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unamortized fair market value premium

'

288,000

'

'

'

'

'

288,000

'

200,000

200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100,000

200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total carrying value of debt

'

$225,591,000

$229,915,000

'

'

'

'

$556,091,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Use_of_Derivative_Financial_In2

Use of Derivative Financial Instruments (Details) (USD $)

0 Months Ended

12 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

Sep. 14, 2012

Sep. 14, 2012

Dec. 31, 2013

Sep. 10, 2012

Dec. 31, 2013

Aug. 01, 2013

Jul. 02, 2013

Mar. 01, 2013

Jun. 13, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Mar. 01, 2013

Dec. 31, 2013

Jun. 13, 2013

Dec. 31, 2013

Jun. 13, 2013

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2013

Apr. 19, 2011

Apr. 19, 2011

item

Bank of America Unsecured Term Loan

Bank of America Unsecured Term Loan

Bank of America Unsecured Term Loan

Wells Fargo Unsecured Term Loan

Wells Fargo Unsecured Term Loan

Wells Fargo Unsecured Term Loan

Wells Fargo Unsecured Term Loan

Interest Rate Swaps

Interest rate swap one

Interest rate swap two

Interest rate swap three

Interest rate swap four

Interest rate swap five

Interest rate swap six

Interest rate swap seven

Interest rate swap eight

Interest rate swap eight

Interest rate swap nine

Interest rate swap nine

Interest rate swap ten

Interest rate swap ten

Interest rate swap eleven

Interest rate swap eleven

Wells Fargo Master Loan Swap

STAG Predecessor Group

Wells Fargo Unsecured Term Loan

Bank of America Unsecured Term Loan

Bank of America Unsecured Term Loan

Bank of America Unsecured Term Loan

Bank of America Unsecured Term Loan

Bank of America Unsecured Term Loan

Bank of America Unsecured Term Loan

Bank of America Unsecured Term Loan

Wells Fargo Unsecured Term Loan

Wells Fargo Unsecured Term Loan

Wells Fargo Unsecured Term Loan

Wells Fargo Unsecured Term Loan

Wells Fargo Unsecured Term Loan

Wells Fargo Unsecured Term Loan

Wells Fargo Unsecured Term Loan

Wells Fargo Unsecured Term Loan

Wells Fargo Master Loan Swap

item

Risk Management Objective of Using Derivatives

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of additional interest rate swaps

7

'

'

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Portion of Unsecured Term Loan swapped from LIBOR for fixed rate

$100,000,000

'

$100,000,000

'

$125,000,000

'

'

'

'

'

'

'

'

'

'

'

$25,000,000

'

$25,000,000

'

$50,000,000

'

$25,000,000

'

'

'

Variable rate received under agreement

'

'One-month LIBOR

'One-month LIBOR

'

'

'

'

'

'

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'

Unsecured Term Loan

'

150,000,000

'

150,000,000

150,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Derivative, Fixed Interest Rate

'

'

'

'

'

'

'

1.33%

'

0.79%

0.79%

0.79%

0.79%

0.80%

0.75%

0.73%

'

1.33%

1.70%

1.70%

1.68%

1.68%

1.99%

1.99%

'

'

Unsecured Term Loan Swaps

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notional Amount

$100,000,000

'

'

'

'

$25,000,000

$50,000,000

$25,000,000

'

$10,000,000

$10,000,000

$10,000,000

$10,000,000

$10,000,000

$25,000,000

$25,000,000

'

$25,000,000

$25,000,000

$25,000,000

$50,000,000

$50,000,000

'

$25,000,000

'

$141,000,000

Fixed Interest Rate (as a percent)

'

'

'

'

'

'

'

1.33%

'

0.79%

0.79%

0.79%

0.79%

0.80%

0.75%

0.73%

'

1.33%

1.70%

1.70%

1.68%

1.68%

1.99%

1.99%

'

'

Variable Interest Rate

'

'One-month LIBOR

'One-month LIBOR

'

'

'

'

'

'

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'One-month LIBOR

'

Use_of_Derivative_Financial_In3

Use of Derivative Financial Instruments (Details 2) (USD $)	Sep. 14, 2012	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified		Unsecured Term Loan Swaps	Unsecured Term Loan Swaps
		Interest Rate Swaps	Interest Rate Swaps
		Not Designated As Hedging Instruments	Not Designated As Hedging Instruments
Fair value of the interest rate swaps outstanding	'	'	'
Fair Value	'	$3,924	($480)
Notional Amount	$100,000	$225,000	$100,000

Use_of_Derivative_Financial_In4

Use of Derivative Financial Instruments (Details 3) (USD $)	9 Months Ended	12 Months Ended		3 Months Ended	9 Months Ended	12 Months Ended	3 Months Ended
	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Apr. 19, 2011	Dec. 31, 2011	Dec. 31, 2012	Apr. 19, 2011
				STAG Predecessor Group	Wells Fargo Master Loan Swap	Wells Fargo Master Loan Swap	Wells Fargo Master Loan Swap
							STAG Predecessor Group
Cash Flow Hedges of Interest Rate Risk	'	'	'	'	'	'	'
Additional amount reclassified from accumulated other comprehensive income (loss) as an increase to interest expense over the next twelve months	'	($2,300,000)	'	'	'	'	'
Amount of income (loss) recognized in accumulated other comprehensive income (loss) on interest rate swaps (effective portion)	'	3,032,000	-608,000	'	'	'	'
Amount of loss reclassified from accumulated other comprehensive income (loss) into income (loss) as interest expense (effective portion)	'	1,373,000	128,000	'	'	'	'
Gains relating to the change in fair market value of the interest rate swaps (loss)	2,179,000	'	215,000	762,000	2,200,000	200,000	800,000
Credit-risk-related Contingent Features	'	'	'	'	'	'	'
Fair values of the interest rate swaps in a net asset position	'	4,200,000	'	'	'	'	'
Accrued interest expense included in fair values of the interest rate swaps in a net asset position	'	200,000	'	'	'	'	'
Value of adjustment for nonperformance risk	'	$300,000	'	'	'	'	'

Use_of_Derivative_Financial_In5

Use of Derivative Financial Instruments (Details 4) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Assets (liabilities):	'	'
Interest rate Swaps Assets	$3,924	'
Interest rate Swaps Liabilities	'	-480
Fair value on recurring basis | Total	'	'
Assets (liabilities):	'	'
Interest rate Swaps Assets	3,924	'
Interest rate Swaps Liabilities	'	-480
Fair value on recurring basis | Significant Other Observable Inputs (Level 2)	'	'
Assets (liabilities):	'	'
Interest rate Swaps Assets	3,924	'
Interest rate Swaps Liabilities	'	($480)

Equity_Details

Equity (Details) (USD $)

0 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

1 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

3 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

12 Months Ended

Dec. 17, 2013

Dec. 18, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 14, 2012

Nov. 30, 2011

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Nov. 02, 2011

Apr. 16, 2013

Jun. 30, 2013

Sep. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Jan. 15, 2014

Oct. 15, 2013

Jul. 15, 2013

Apr. 16, 2013

Jan. 22, 2013

Jan. 15, 2013

Oct. 15, 2012

Aug. 15, 2012

Jul. 13, 2012

29-May-12

Apr. 13, 2012

13-May-11

Apr. 19, 2011

Dec. 31, 2013

Nov. 30, 2013

Oct. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Sep. 30, 2011

Dec. 31, 2013

Dec. 31, 2012

Apr. 20, 2011

Dec. 31, 2013

Dec. 31, 2012

At The Market (ATM) Program

Series A Preferred Stock

Series A Preferred Stock

Series A Preferred Stock

Series A Preferred Stock

Series A Preferred Stock

Series A Preferred Stock

Series A Preferred Stock

Series A Preferred Stock

Series A Preferred Stock

Series A Preferred Stock

Series A Preferred Stock

Series A Preferred Stock

Series A Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

Common Shares

At The Market (ATM) Program

At The Market (ATM) Program

Stockholders' Equity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Authorized shares of preferred stock

'

'

'

'

'

'

'

'

10,000,000

'

'

'

10,000,000

'

'

'

'

10,000,000

10,000,000

10,000,000

'

'

'

10,000,000

10,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred stock, par value (in dollars per share)

'

'

'

'

'

'

'

'

$0.01

'

'

'

$0.01

'

'

'

'

$0.01

$0.01

$0.01

$0.01

'

'

$0.01

$0.01

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares sold

'

'

'

'

'

'

'

2,760,000

'

'

'

'

'

'

'

'

'

'

'

'

2,800,000

'

'

'

'

'

'

'

'

6,284,152

'

'

9,200,000

'

8,337,500

'

'

13,750,000

'

'

'

'

'

'

'

'

'

'

'

8,956,844

'

'

2,672,692

298,000

Shares issued pursuant to full exercise of the underwriters' overallotment option

'

'

'

'

'

'

'

360,000

'

'

'

'

'

'

'

'

'

'

'

'

300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Dividend rate (as a percent)

'

'

'

'

'

'

'

9.00%

'

'

'

'

'

'

'

'

'

'

'

'

6.63%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issue price (in dollars per share)

'

'

'

'

'

'

'

$25

'

'

'

'

'

'

'

'

'

'

'

'

$25

'

'

'

'

'

'

'

'

$18.30

'

'

$14.15

'

$12.88

'

$13

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$13

'

'

Net proceeds from sale of shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$69,000,000

'

'

'

$67,800,000

'

'

$70,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gross proceeds from sale of shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

70,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Underwriting discount incurred reflected as a reduction to additional paid-in capital

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,200,000

'

'

'

'

'

'

'

'

4,900,000

'

'

5,500,000

'

4,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Direct offering costs

'

'

'

19,537,000

8,713,000

11,136,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

200,000

'

'

'

'

'

'

'

'

200,000

'

'

'

'

'

'

16,900,000

12,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net proceeds from sale of common stock

'

'

'

'

169,747,000

242,947,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

110,100,000

'

'

124,600,000

'

107,400,000

'

24,900,000

166,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

53,900,000

5,300,000

Gross proceeds from sale of common stock

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

115,000,000

'

'

130,200,000

'

102,800,000

'

'

178,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

54,700,000

5,400,000

Indirect offering costs

'

'

'

78,000

27,000

68,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

800,000

100,000

Aggregate value of common stock available to be sold under the ATM

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

14,900,000

'

Number of shares issued pursuant to the full exercise of underwriters' overallotment option

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

819,672

'

'

1,200,000

'

1,087,500

'

2,062,500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Dividend declared (in dollars per share)

'

'

'

'

'

'

'

'

$0.56

$0.56

$0.56

$0.56

$0.56

$0.56

$0.56

$0.56

'

$2.25

$2.25

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Dividend declared (in dollars per share)

$1.20

$1.26

$0.27

'

$0.10

'

'

'

$0.41

'

'

'

'

'

'

'

'

'

'

'

'

$0.35

$0.41

$1.17

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.10

$0.10

$0.10

$0.30

$0.30

$0.30

$0.27

$0.27

$0.27

$0.26

'

$1.20

$1.07

'

'

'

Increase in dividend rate (as a percent)

'

5.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate value of common stock which may be sold through sales agents under the stock offering program

'

'

'

'

'

'

75,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of shares to directors for their services

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,554

2,607

2,602

2,418

'

2,851

2,876

'

3,108

'

3,776

'

'

'

'

'

'

'

'

'

'

'

'

'

10,181

12,611

'

'

'

Fair value of shares issued to directors for their services

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

52,000

53,000

53,000

52,000

'

54,000

49,000

'

46,000

'

50,000

'

'

'

'

'

'

'

'

'

'

'

'

'

210,000

199,000

'

'

'

Number of days of average trailing stock price used to calculate number of shares of common stock granted

'

'

'

'

'10 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from issuance of common stock at initial public offering

'

'

'

205,563,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

26,800,000

'

'

'

'

'

'

'

'

'

'

'

205,600,000

'

'

'

'

'

Formation transaction costs and offering costs incurred

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6,200,000

'

'

'

'

'

Portion of formation transaction costs and offering costs expensed

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,700,000

'

'

'

'

'

Portion of formation transaction costs and offering costs deducted from the gross proceeds of the IPO

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,500,000

'

'

'

'

'

Direct offering costs incurred reflected as a reduction to additional paid-in capital

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$200,000

'

'

$200,000

'

$500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Equity_Details_2

Equity (Details 2) (USD $)	0 Months Ended		1 Months Ended	9 Months Ended	12 Months Ended
In Millions, except Share data, unless otherwise specified	Jan. 03, 2013	Jan. 03, 2012	Apr. 30, 2011	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
Restricted stock	'	'	'	'	'	'
Restricted Stock-Based Compensation	'	'	'	'	'	'
Number of installments over which restricted common stocks are subject to vest	'	'	'	'	5	'
2011 Plan	'	'	'	'	'	'
Restricted Stock-Based Compensation	'	'	'	'	'	'
Non-cash compensation expense recognized	'	'	'	$0.70	$3	$1.90
2011 Plan | Restricted stock	'	'	'	'	'	'
Restricted Stock-Based Compensation	'	'	'	'	'	'
Number of shares granted	106,268	87,025	80,809	80,809	106,268	87,025
Fair value of shares granted	1.9	1	1	'	'	'
Fair value of shares granted (in dollars per share)	$18.11	$11.89	$12.21	'	'	'
Non-cash compensation expense recognized	'	'	'	0.1	0.8	0.4
Fair value of shares vested	'	'	'	0	0.6	0.2
Unrecognized compensation expense for remaining life of the awards	'	'	'	'	$2.50	$1.50
Number of shares vested	'	'	'	0	32,012	16,161
Shares forfeited	'	'	'	'	11,540	1,559

Noncontrolling_Interest_Detail

Noncontrolling Interest (Details) (USD $)	0 Months Ended				0 Months Ended	12 Months Ended					12 Months Ended
	Jun. 19, 2013	Jun. 15, 2012	Dec. 31, 2013	Dec. 31, 2012	Jun. 19, 2013	Dec. 31, 2013	Dec. 31, 2012	Apr. 20, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
	property	Operating Partnership	Operating Partnership	Operating Partnership	Common Units	Common Units	Common Units	Common Units	LTIP Units	LTIP Units	LTIP Units
		property			property	Operating Partnership	Operating Partnership	Operating Partnership	Operating Partnership	Operating Partnership	Operating Partnership
											2011 Plan
Noncontrolling interest	'	'	'	'	'	'	'	'	'	'	'
Units held by noncontrolling interests (in shares)	'	'	'	'	'	6,299,186	5,743,958	'	599,464	413,551	'
Ownership interest held by noncontrolling owners (as a percent)	'	'	13.35%	14.71%	'	'	'	'	'	'	'
Issue price of units (in dollars per share)	'	'	'	'	'	'	'	$13	'	'	'
Redemption right of investor to cause the Operating Partnership to redeem its units equivalent to current market value of number of shares of entity's common stock (in shares)	'	'	'	'	'	1	'	'	'	'	'
Conversion ratio of noncontrolling units	'	'	'	'	'	1	1	'	'	'	1
Noncontrolling common units converted to common stock (in shares)	'	'	'	'	'	2,186	1,861,831	'	'	'	'
Number of industrial properties acquired	'	6	'	'	'	'	'	'	'	'	'
Fair value of common units issued	$11,500,000	$15,789	'	'	'	'	'	'	'	'	'
Number of common units issued as a consideration for purchase of properties	555,758	200,000	'	'	11,500,000	'	'	'	'	'	'
Number of buildings purchased through issuance of common stock	8	'	'	'	8	'	'	'	'	'	'

Noncontrolling_Interest_Detail1

Noncontrolling Interest (Details 2) (USD $)

12 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

Dec. 31, 2013

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Jan. 03, 2013

Jan. 03, 2012

Jun. 30, 2011

Apr. 20, 2011

Jan. 31, 2012

Apr. 30, 2011

Apr. 19, 2011

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Jan. 03, 2013

Jan. 03, 2012

Apr. 20, 2011

Jan. 03, 2013

7-May-12

Jan. 03, 2012

Apr. 20, 2011

Aug. 02, 2012

LTIP Units

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

LTIP Units

LTIP Units

LTIP Units

LTIP Units

LTIP Units

LTIP Units

LTIP Units

LTIP Units

LTIP Units

LTIP Units

LTIP Units

LTIP Units

LTIP Units

LTIP Units

LTIP Units

LTIP Units

LTIP Units

LTIP Units

Executive officers

Executive officers

Executive officers

Non-employee, independent directors

Non-employee, independent directors

Non-employee, independent directors

Non-employee, independent directors

Christopher P. Marr

Share-based compensation

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Units granted (in shares)

'

'

'

'

'

'

'

'

'

'

'

200,441

187,569

223,985

173,044

196,260

159,046

14,525

'

22,380

41,395

5,345

Vesting period (in years)

'

'

'

'

'

'

'5 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair value at the date of grant

'

'

'

'

$3,300,000

$2,500,000

'

$2,300,000

'

'

'

$300,000

$2,400,000

$1,300,000

'

'

'

'

'

'

'

$100,000

Volatility factor (as a percent)

'

'

'

'

45.00%

'

'

'

50.00%

55.00%

'

'

'

'

'

'

'

'

'

'

'

'

Risk-free interest rate (as a percent)

'

'

'

'

1.97%

'

'

'

3.40%

2.10%

'

'

'

'

'

'

'

'

'

'

'

'

Expected annual dividend yield (as a percent)

'

'

'

'

6.00%

'

'

'

6.50%

6.00%

'

'

'

'

'

'

'

'

'

'

'

'

Term

'

'

'

'

'10 years

'

'

'10 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Units vested (in shares)

'

'

'

'

'

'

'

'

'

'

'

30,066

119,852

82,440

'

'

'

'

'

'

'

'

Units redeemed (in shares)

1,656

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Shares forfeited

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

10,875

'

'

'

Amount of dividend paid

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8,000

'

'

'

Non-cash compensation expense recognized

'

700,000

3,000,000

1,900,000

'

'

'

'

'

'

0

300,000

1,600,000

900,000

'

'

'

'

'

'

'

'

Unrecognized compensation expense

'

'

'

'

'

'

'

'

'

'

'

$2,000,000

$5,200,000

$3,500,000

'

'

'

'

'

'

'

'

Future_Minimum_Rents_Details

Future Minimum Rents (Details) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified
Future Minimum Rents	'
2014	$134,391
2015	121,243
2016	106,356
2017	85,455
2018	66,355
Thereafter	$211,117

Earnings_Per_Share_Details

Earnings Per Share (Details) (Unvested restricted stock)	9 Months Ended	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
Unvested restricted stock	'	'	'
Antidilutive participating securities	'	'	'
Unvested shares of restricted stock on a weighted average basis excluded from computation of earnings per share (in shares)	80,809	218,934	155,488

Earnings_Per_Share_Details_2

Earnings Per Share (Details 2) (USD $)	3 Months Ended								9 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
Numerator	'	'	'	'	'	'	'	'	'	'	'
Net income (loss) from continuing operations	$1,126	$265	($738)	($547)	($2,973)	($1,371)	($2,028)	($1,445)	($10,510)	$106	($7,817)
Less: preferred stock dividends	'	'	'	'	'	'	'	'	1,018	9,495	6,210
Less: amount allocable to unvested restricted stockholders	'	'	'	'	'	'	'	'	'	262	122
Less: noncontrolling interest after preferred stock dividends allocable to continuing operations	'	'	'	'	'	'	'	'	-3,821	-1,267	-3,180
Loss from continuing operations available to common stockholders	'	'	'	'	'	'	'	'	-7,707	-8,384	-10,969
Income (Loss) attributable to discontinued operations	'	'	'	'	'	'	'	'	1,283	4,796	-2,382
Less: noncontrolling interest allocable to discontinued operations	'	'	'	'	'	'	'	'	425	647	-540
Income (Loss) from discontinued operations attributable to common stockholders	'	'	'	'	'	'	'	'	$858	$4,149	($1,842)
Denominator	'	'	'	'	'	'	'	'	'	'	'
Weighted average common shares outstanding - basic and diluted	'	'	'	'	'	'	'	'	15,630,910	42,364,125	25,046,664
Earnings per common share	'	'	'	'	'	'	'	'	'	'	'
Loss from continuing operations attributable to common stockholders (in dollars per share)	'	'	'	'	'	'	'	'	($0.49)	($0.20)	($0.44)
Income (Loss) from discontinued operations attributable to common stockholders (in dollars per share)	'	'	'	'	'	'	'	'	$0.05	$0.10	($0.07)
Loss per share - basic and diluted (in dollars per share)	$0.05	($0.05)	($0.06)	($0.04)	($0.10)	($0.18)	($0.11)	($0.12)	($0.44)	($0.10)	($0.51)

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)

3 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

12 Months Ended

Apr. 19, 2011

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Jun. 15, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

item

Minimum

Minimum

Maximum

Maximum

One-time incentive fee

One-time incentive fee

One-time incentive fee

One-time incentive fee

One-time incentive fee

Columbus Nova

Columbus Nova

Columbus Nova

Columbus Nova

Columbus Nova

property

Minimum

Maximum

Commitments and Contingencies

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of industrial properties acquired

'

'

'

'

'

'

'

'

6

'

'

'

'

Aggregate purchase price of industrial properties acquired

'

'

'

'

'

'

'

'

$30,000,000

'

'

'

'

Internal rate of return (as a percent)

'

'

'

'

'

'

'

'

'

10.00%

'

'

'

Percentage of return earned by entity upon achieving a 10% internal rate of return by the entity

'

'

'

'

'

'

'

'

'

20.00%

'

'

'

Fair value of incentive fee

'

'

'

'

'

'

'

'

'

0

0

'

'

Ground rent expense

0

100,000

400,000

200,000

'

'

'

'

'

'

'

'

'

Rent expense incurred

$0

$300,000

$500,000

$400,000

'

'

'

'

'

'

'

'

'

Fair value inputs, discount rate (as a percent)

'

'

'

11.40%

1.57%

1.86%

5.24%

4.64%

'

9.50%

'

'

'

Fair value inputs, exit capitalization rate (as a percent)

'

'

'

'

'

'

'

'

'

9.00%

'

'

'

Fair value inputs, market rent and expense growth rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

1.00%

3.00%

Number of separate ground leases for which the entity is a lessee

'

'

5

'

'

'

'

'

'

'

'

'

'

Number of separate ground leases having option to extend period of lease

'

'

3

'

'

'

'

'

'

'

'

'

'

Commitments_and_Contingencies_2

Commitments and Contingencies (Details 2) (USD $)	3 Months Ended	9 Months Ended	12 Months Ended		0 Months Ended	12 Months Ended	0 Months Ended	12 Months Ended	5 Months Ended
In Thousands, unless otherwise specified	Apr. 19, 2011	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Oct. 09, 2012	Dec. 31, 2013	Oct. 09, 2012	Dec. 31, 2013	Dec. 31, 2013
			item		Non-cancelable operating ground lease agreement from May 31, 1994 to April 30, 2034	Non-cancelable operating ground lease agreement from May 31, 1994 to April 30, 2034	Non-cancelable operating ground lease agreement from October 28, 1996 to December 31, 2038	Non-cancelable operating ground lease agreement from October 28, 1996 to December 31, 2038	Non-cancelable operating ground lease agreement from July 01, 2013 to June 30, 2033
					item		item
Ground and Operating Lease Agreements	'	'	'	'	'	'	'	'	'
Number of buildings acquired that are subject to non-cancelable operating ground lease agreements	'	'	'	'	2	'	'	'	'
Number of non-cancelable operating ground lease agreements	'	'	'	'	1	'	1	'	'
Operating lease term	'	'	'	'	'40 years	'	'	'	'
Ground rent expense	$0	$100	$400	$200	$33	$100	'	'	$20
Number of separate ground leases having option to extend period of lease one	'	'	1	'	'	'	'	'	'
Number of separate ground leases having option to extend period of lease two	'	'	1	'	'	'	'	'	'
Period of rent adjustments on the basis of increases in the Consumer Price Index	'	'	'	'	'5 years	'	'5 years	'	'
Estimated ground rent expense, which is the responsibility of the tenant	'	'	'	'	'	'	33	100	'
Future minimum rental payments	'	'	'	'	'	'	'	'	'
2014	'	'	1,134	'	'	'	'	'	'
2015	'	'	1,433	'	'	'	'	'	'
2016	'	'	1,201	'	'	'	'	'	'
2017	'	'	1,029	'	'	'	'	'	'
2018	'	'	1,134	'	'	'	'	'	'
Thereafter	'	'	$9,246	'	'	'	'	'	'

Employee_Benefit_Plans_Details

Employee Benefit Plans (Details) (USD $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
Employee Benefit Plans	'	'	'
Period of service for employees to be eligible to participate in the defined contribution plan	'	'3 months	'
Discretionary match (as a percent)	'	50.00%	'
Maximum percentage of employee's annual salary that the entity can contribute	'	6.00%	'
Aggregate matching contribution	$46	$100	$100
Vesting period	'	'3 years	'

Equity_Incentive_Plan_Details

Equity Incentive Plan (Details) (USD $)

12 Months Ended

0 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

9 Months Ended

12 Months Ended

In Millions, except Share data, unless otherwise specified

Dec. 31, 2013

Apr. 01, 2011

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Apr. 03, 2011

Apr. 01, 2011

Apr. 01, 2011

Apr. 01, 2011

Sep. 26, 2011

Sep. 20, 2011

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Sep. 20, 2011

Sep. 20, 2011

Jan. 03, 2013

Jan. 31, 2012

Apr. 30, 2011

Apr. 19, 2011

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

6-May-13

Jan. 03, 2013

Jan. 03, 2012

Apr. 30, 2011

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

OPP awards

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

2011 Plan

Stock option

Stock appreciation rights

Stock appreciation rights

OPP awards

OPP awards

OPP awards

OPP awards

OPP awards

OPP awards

OPP awards

LTIP Units

LTIP Units

LTIP Units

LTIP Units

LTIP Units

LTIP Units

LTIP Units

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Maximum

Minimum

Maximum

item

Minimum

Maximum

Equity Incentive Plan

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares of common stock that are available for issuance

'

'

'

2,778,779

1,175,362

1,755,187

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Additional shares of common stock awarded under the plan

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,887,274

'

'

'

'

'

'

Maximum number of common stock that can be awarded

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,642,461

'

'

'

'

'

'

Additional shares of common stock awarded under the plan as a percentage of common stock issued and outstanding

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7.50%

'

'

'

'

'

'

Number of shares of common stock equivalent to each LTIP unit (in shares)

'

1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Ratio by which number of shares available for grant is reduced for each LTIP unit awarded

'

1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Award expiration term

'

'

'

'

'

'

'10 years

'

'10 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Exercise price as a percentage of fair market value of common stock

'

'

'

'

'

'

100.00%

100.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Period of total stockholder return considered for performance measurement

'

'

'

'

'

'

'

'

'

'

'3 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Beginning value of the company's common stock (in dollars per share)

'

'

'

'

'

'

'

'

'

'

$12.50

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of aggregate reward that can be earned by all recipients collectively

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$10

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Threshold percentage of increase in cumulative absolute total stockholder return

'

'

'

'

'

'

'

'

'

'

'

'

'

'

25.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of excess total stockholder return above relative total stockholder return hurdle

'

'

'

'

'

'

'

'

'

'

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Base return rate used in calculating relative stockholder return hurdle

'

'

'

'

'

'

'

'

'

'

'MSCI US REIT Index

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage points added to base return rate in calculating relative total stockholder return hurdle

'

'

'

'

'

'

'

'

'

'

5.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of interests in the OPP awarded

'

'

'

'

'

'

'

'

'

100.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Awards vesting percentage

'

'

'

'

'

'

'

'

'

100.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Compensation expense

'

'

0.7

3

1.9

'

'

'

'

'

'

0.1

0.4

0.4

'

'

'

'

'

0

0.3

1.6

0.9

'

'

'

'

0.1

0.8

0.4

Number of shares issued

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

106,268

87,025

80,809

80,809

106,268

87,025

Units granted (in shares)

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

200,441

187,569

223,985

'

'

'

'

'

'

'

Unrecognized compensation expense

'

'

'

'

'

'

'

'

'

'

'

'

0.3

0.7

'

'

'

'

'

'

'

5.2

3.5

'

'

'

'

'

2.5

1.5

Weighted average period for recognition of unrecognized compensation expense

'

'

'

'3 years 3 months 18 days

'3 years 6 months

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unvested stock outstanding (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

368,760

301,043

'

'

'

'

'

214,389

150,114

Assumptions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Value of OPP awards

'

'

'

'

'

'

'

'

'

$1.20

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of simulations run to determine the fair value of awards

'

'

'

'

'

'

'

'

'

100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Expected price volatility (as a percent)

'

'

'

'

'

'

'

'

'

55.00%

'

'

'

'

'

'

45.00%

50.00%

55.00%

'

'

'

'

'

'

'

'

'

'

'

MSCI US REIT Index (as a percent)

'

'

'

'

'

'

'

'

'

59.30%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Risk free rate (as a percent)

'

'

'

'

'

'

'

'

'

0.34%

'

'

'

'

'

'

1.97%

3.40%

2.10%

'

'

'

'

'

'

'

'

'

'

'

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)

5 Months Ended

3 Months Ended

0 Months Ended

3 Months Ended

0 Months Ended

5 Months Ended

9 Months Ended

12 Months Ended

12 Months Ended

0 Months Ended

3 Months Ended

0 Months Ended

Apr. 05, 2013

Dec. 31, 2013

Dec. 31, 2012

Jun. 11, 2012

Dec. 31, 2013

Dec. 31, 2013

Apr. 20, 2011

Apr. 19, 2011

Jun. 06, 2007

Apr. 19, 2011

Oct. 31, 2012

Apr. 05, 2013

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Oct. 09, 2012

Dec. 31, 2013

Apr. 20, 2011

Sep. 10, 2012

Apr. 19, 2011

Oct. 09, 2012

building

building

sqft

Fund II

Fund III

Fund III

STAG Predecessor Group

Affiliate of NED Credit Inc.

Affiliate of NED Credit Inc.

Fund II - Related Party

Fund II - Related Party

Fund II - Related Party

Fund II - Related Party

Fund II - Related Party

Fund II - Related Party

STAG Industrial Management, LLC (the "Manager")

STAG Industrial Management, LLC (the "Manager")

STAG Industrial Management, LLC (the "Manager")

Management Company

STAG Investments Holdings II, LLC

building

building

building

STAG Predecessor Group

STAG Predecessor Group

property

building

sqft

Fund II

Fund III

Fund IV

STAG Predecessor Group

building

sqft

Related party transactions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Annual guaranty fee (as a percent)

'

'

'

'

'

'

'

'

9.00%

'

'

'

'

'

'

'

'

'

'

'

'

Guarantee fees expensed

'

'

'

'

'

'

'

'

'

$900,000

'

'

'

'

'

'

'

'

'

'

'

Asset management fees expensed

'

'

'

'

'

'

'

162,000

'

'

'

'

'

'

'

'

'

'

'

200,000

'

Number of buildings owned

'

209

'

'

44

0

3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net rentable square feet

'

'

'

190,000

7,400,000

'

'

'

'

'

'

'

'

'

'

4,300,000

'

'

'

'

'

Annual asset management fee based on the equity investment (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.25%

'

'

'

'

Asset management fees recognized

'

'

'

'

'

'

'

'

'

'

'

'

900,000

800,000

1,100,000

'

'

'

'

'

'

Asset management fees receivable

'

'

'

'

'

'

'

'

'

'

'

'

'

200,000

500,000

'

'

'

'

'

'

Annual management fee per property

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

30,000

'

'

'

Administration fee

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

20,000

20,000

'

'

Total number of industrial properties acquired

33

'

'

'

'

'

'

'

'

'

1

2

'

'

'

'

'

'

'

'

31

Aggregate purchase price of industrial properties acquired

'

'

'

'

'

'

'

'

'

'

5,000,000

6,200,000

'

'

'

127,600,000

'

'

'

'

'

Due from related parties

'

$185,000

$806,000

'

'

'

'

'

'

'

'

'

'

'

$200,000

'

'

'

'

'

'

Selected_Interim_Financial_Inf2

Selected Interim Financial Information (unaudited) (Details) (USD $)	3 Months Ended								9 Months Ended	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
Selected Interim Financial Information	'	'	'	'	'	'	'	'	'	'	'
Total revenue	$37,418	$34,644	$31,842	$29,988	$26,877	$20,878	$19,116	$17,181	$41,116	$133,893	$84,052
Income (loss) from continuing operations	1,126	265	-738	-547	-2,973	-1,371	-2,028	-1,445	-10,510	106	-7,817
Net income (loss) attributable to the common stockholders	$2,098	($2,147)	($2,410)	($1,775)	($3,372)	($5,262)	($2,235)	($1,942)	($5,831)	$5,522	($6,479)
Income (loss) per share-basic and diluted (in dollars per share)	$0.05	($0.05)	($0.06)	($0.04)	($0.10)	($0.18)	($0.11)	($0.12)	($0.44)	($0.10)	($0.51)

Subsequent_Events_Details

Subsequent Events (Details)	0 Months Ended
	Feb. 07, 2014	Jan. 02, 2014	Jan. 02, 2014	Jan. 02, 2014
		Subsequent event	Subsequent event	Subsequent event
		LTIP Units	LTIP Units	Restricted stock
		Executive officers	Non-employee, independent directors	Employees
Subsequent Events	'	'	'	'
Unit granted for services	'	203,691	20,733	103,149
Period of which the former CFO will provide consultation services	'1 year	'	'	'

Schedule_2_Valuation_and_Quali

Schedule 2 - Valuation and Qualifying Accounts (Details) (Allowance for Doubtful Receivables and Accrued Rent Reserves, USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Allowance for Doubtful Receivables and Accrued Rent Reserves	'	'
Valuation and Qualifying Accounts	'	'
Beginning of Period	'	$931
Costs and Expenses	19	-105
Amounts Written Off	'	-826
Balance at End of Period	$19	'

Schedule_3_Real_Estate_and_Acc

Schedule 3 - Real Estate and Accumulated Depreciation (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
In Thousands, unless otherwise specified
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	($225,303)	'	'
Building and Tenant Improvements (initial cost)	924,075	'	'
Land	134,399	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	20,572	'	'
Building Improvements and Equipment	944,647	'	'
Land	134,399	'	'
Total	1,079,046	816,227	502,258
Accumulated Depreciation	-71,653	-46,175	-30,004
Albion, IN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	93	'	'
Land	67	'	'
Building Improvements and Equipment	93	'	'
Land	67	'	'
Total	160	'	'
Accumulated Depreciation	-17	'	'
Albion, IN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	932	'	'
Land	103	'	'
Building Improvements and Equipment	932	'	'
Land	103	'	'
Total	1,035	'	'
Accumulated Depreciation	-169	'	'
Albion, IN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	1,107	'	'
Land	55	'	'
Building Improvements and Equipment	1,107	'	'
Land	55	'	'
Total	1,162	'	'
Accumulated Depreciation	-201	'	'
Albion, IN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	970	'	'
Land	332	'	'
Building Improvements and Equipment	970	'	'
Land	332	'	'
Total	1,302	'	'
Accumulated Depreciation	-176	'	'
Albion, IN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	1,397	'	'
Land	52	'	'
Building Improvements and Equipment	1,397	'	'
Land	52	'	'
Total	1,449	'	'
Accumulated Depreciation	-253	'	'
Albion, IN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	1,528	'	'
Land	126	'	'
Building Improvements and Equipment	1,528	'	'
Land	126	'	'
Total	1,654	'	'
Accumulated Depreciation	-277	'	'
Kendallville, IN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	1,510	'	'
Land	142	'	'
Building Improvements and Equipment	1,510	'	'
Land	142	'	'
Total	1,652	'	'
Accumulated Depreciation	-273	'	'
Albion, IN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	710	'	'
Land	187	'	'
Building Improvements and Equipment	710	'	'
Land	187	'	'
Total	897	'	'
Accumulated Depreciation	-129	'	'
Alexandria, MN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	4,568	'	'
Land	960	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	151	'	'
Building Improvements and Equipment	4,719	'	'
Land	960	'	'
Total	5,679	'	'
Accumulated Depreciation	-398	'	'
Appleton, WI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,916	'	'
Land	495	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	191	'	'
Building Improvements and Equipment	4,107	'	'
Land	495	'	'
Total	4,602	'	'
Accumulated Depreciation	-693	'	'
Arlington, TX	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	2,455	'	'
Land	413	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	-45	'	'
Building Improvements and Equipment	2,410	'	'
Land	413	'	'
Total	2,823	'	'
Accumulated Depreciation	-394	'	'
Arlington, TX	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	6,151	'	'
Land	1,246	'	'
Building Improvements and Equipment	6,151	'	'
Land	1,246	'	'
Total	7,397	'	'
Accumulated Depreciation	-289	'	'
Atlanta, GA	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	7,437	'	'
Land	917	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	298	'	'
Building Improvements and Equipment	7,735	'	'
Land	917	'	'
Total	8,652	'	'
Accumulated Depreciation	-318	'	'
Auburn Hills, MI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	2,246	'	'
Land	224	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	-4	'	'
Building Improvements and Equipment	2,242	'	'
Land	224	'	'
Total	2,466	'	'
Accumulated Depreciation	-77	'	'
Avon, CT	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	2,750	'	'
Land	336	'	'
Building Improvements and Equipment	2,750	'	'
Land	336	'	'
Total	3,086	'	'
Accumulated Depreciation	-127	'	'
Belfast, ME	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	10,728	'	'
Land	1,883	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	383	'	'
Building Improvements and Equipment	11,111	'	'
Land	1,883	'	'
Total	12,994	'	'
Accumulated Depreciation	-921	'	'
Bellevue, OH	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,621	'	'
Land	381	'	'
Building Improvements and Equipment	3,621	'	'
Land	381	'	'
Total	4,002	'	'
Accumulated Depreciation	-181	'	'
Belvidere, IL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,956	'	'
Land	733	'	'
Building Improvements and Equipment	3,956	'	'
Land	733	'	'
Total	4,689	'	'
Accumulated Depreciation	-78	'	'
Belvidere, IL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,436	'	'
Land	1,310	'	'
Building Improvements and Equipment	3,436	'	'
Land	1,310	'	'
Total	4,746	'	'
Accumulated Depreciation	-91	'	'
Belvidere, IL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	2,310	'	'
Land	538	'	'
Building Improvements and Equipment	2,310	'	'
Land	538	'	'
Total	2,848	'	'
Accumulated Depreciation	-51	'	'
Belvidere, IL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	6,899	'	'
Land	670	'	'
Building Improvements and Equipment	6,899	'	'
Land	670	'	'
Total	7,569	'	'
Accumulated Depreciation	-116	'	'
Belvidere, IL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	4,321	'	'
Land	668	'	'
Building Improvements and Equipment	4,321	'	'
Land	668	'	'
Total	4,989	'	'
Accumulated Depreciation	-91	'	'
Belvidere, IL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,730	'	'
Land	866	'	'
Building Improvements and Equipment	3,730	'	'
Land	866	'	'
Total	4,596	'	'
Accumulated Depreciation	-73	'	'
Belvidere, IL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	2,808	'	'
Land	586	'	'
Building Improvements and Equipment	2,808	'	'
Land	586	'	'
Total	3,394	'	'
Accumulated Depreciation	-67	'	'
Belvidere, IL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	8,340	'	'
Land	1,542	'	'
Building Improvements and Equipment	8,340	'	'
Land	1,542	'	'
Total	9,882	'	'
Accumulated Depreciation	-192	'	'
Belvidere, IL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	71	'	'
Land	216	'	'
Building Improvements and Equipment	71	'	'
Land	216	'	'
Total	287	'	'
Accumulated Depreciation	-12	'	'
Boardman, OH	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,482	'	'
Land	282	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	593	'	'
Building Improvements and Equipment	4,075	'	'
Land	282	'	'
Total	4,357	'	'
Accumulated Depreciation	-648	'	'
Boardman, OH	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	1,979	'	'
Land	192	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	359	'	'
Building Improvements and Equipment	2,338	'	'
Land	192	'	'
Total	2,530	'	'
Accumulated Depreciation	-329	'	'
Buena Vista, VA	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	2,500	'	'
Land	534	'	'
Building Improvements and Equipment	2,500	'	'
Land	534	'	'
Total	3,034	'	'
Accumulated Depreciation	-114	'	'
Buffalo, NY	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	2,924	'	'
Land	146	'	'
Building Improvements and Equipment	2,924	'	'
Land	146	'	'
Total	3,070	'	'
Accumulated Depreciation	-129	'	'
Canton, OH	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	5,078	'	'
Land	586	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	128	'	'
Building Improvements and Equipment	5,206	'	'
Land	586	'	'
Total	5,792	'	'
Accumulated Depreciation	-981	'	'
Catoosa, OK	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,937	'	'
Building Improvements and Equipment	3,937	'	'
Total	3,937	'	'
Accumulated Depreciation	-64	'	'
Charlotte, NC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-12,541	'	'
Building and Tenant Improvements (initial cost)	10,239	'	'
Land	3,535	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	525	'	'
Building Improvements and Equipment	10,764	'	'
Land	3,535	'	'
Total	14,299	'	'
Accumulated Depreciation	-994	'	'
Charlotte, NC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-15,830	'	'
Building and Tenant Improvements (initial cost)	12,818	'	'
Land	2,734	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	161	'	'
Building Improvements and Equipment	12,979	'	'
Land	2,734	'	'
Total	15,713	'	'
Accumulated Depreciation	-1,277	'	'
Cheektowaga, NY	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	2,757	'	'
Land	216	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	395	'	'
Building Improvements and Equipment	3,152	'	'
Land	216	'	'
Total	3,368	'	'
Accumulated Depreciation	-293	'	'
Chesterfield, MI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	1,169	'	'
Land	207	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	62	'	'
Building Improvements and Equipment	1,231	'	'
Land	207	'	'
Total	1,438	'	'
Accumulated Depreciation	-301	'	'
Chesterfield, MI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	798	'	'
Land	150	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	15	'	'
Building Improvements and Equipment	813	'	'
Land	150	'	'
Total	963	'	'
Accumulated Depreciation	-133	'	'
Chesterfield, MI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	802	'	'
Land	151	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	131	'	'
Building Improvements and Equipment	933	'	'
Land	151	'	'
Total	1,084	'	'
Accumulated Depreciation	-154	'	'
Chesterfield, MI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	5,304	'	'
Land	942	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	972	'	'
Building Improvements and Equipment	6,276	'	'
Land	942	'	'
Total	7,218	'	'
Accumulated Depreciation	-1,293	'	'
Chicopee, MA	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	5,867	'	'
Land	504	'	'
Building Improvements and Equipment	5,867	'	'
Land	504	'	'
Total	6,371	'	'
Accumulated Depreciation	-243	'	'
Chippewa Falls, WI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	2,303	'	'
Land	133	'	'
Building Improvements and Equipment	2,303	'	'
Land	133	'	'
Total	2,436	'	'
Accumulated Depreciation	-142	'	'
Chippewa Falls, WI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	544	'	'
Land	44	'	'
Building Improvements and Equipment	544	'	'
Land	44	'	'
Total	588	'	'
Accumulated Depreciation	-33	'	'
Cincinnati, OH	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	5,172	'	'
Land	384	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	1,751	'	'
Building Improvements and Equipment	6,923	'	'
Land	384	'	'
Total	7,307	'	'
Accumulated Depreciation	-1,142	'	'
Cleveland, TN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-2,964	'	'
Building and Tenant Improvements (initial cost)	3,161	'	'
Land	554	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	84	'	'
Building Improvements and Equipment	3,245	'	'
Land	554	'	'
Total	3,799	'	'
Accumulated Depreciation	-260	'	'
West Columbia, SC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	6,988	'	'
Land	715	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	102	'	'
Building Improvements and Equipment	7,090	'	'
Land	715	'	'
Total	7,805	'	'
Accumulated Depreciation	-179	'	'
Conyers, GA	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-3,928	'	'
Building and Tenant Improvements (initial cost)	4,142	'	'
Land	969	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	80	'	'
Building Improvements and Equipment	4,222	'	'
Land	969	'	'
Total	5,191	'	'
Accumulated Depreciation	-331	'	'
Dallas, GA	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	1,712	'	'
Land	475	'	'
Building Improvements and Equipment	1,712	'	'
Land	475	'	'
Total	2,187	'	'
Accumulated Depreciation	-78	'	'
LaGrange, GA	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,175	'	'
Land	240	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	41	'	'
Building Improvements and Equipment	3,216	'	'
Land	240	'	'
Total	3,456	'	'
Accumulated Depreciation	-354	'	'
Danville, KY	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	11,814	'	'
Land	965	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	997	'	'
Building Improvements and Equipment	12,811	'	'
Land	965	'	'
Total	13,776	'	'
Accumulated Depreciation	-1,122	'	'
Daytona Beach, FL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	875	'	'
Land	1,237	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	740	'	'
Building Improvements and Equipment	1,615	'	'
Land	1,237	'	'
Total	2,852	'	'
Accumulated Depreciation	-315	'	'
Dayton, OH	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,650	'	'
Land	391	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	624	'	'
Building Improvements and Equipment	4,274	'	'
Land	391	'	'
Total	4,665	'	'
Accumulated Depreciation	-510	'	'
DeKalb, IL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	4,568	'	'
Land	489	'	'
Building Improvements and Equipment	4,568	'	'
Land	489	'	'
Total	5,057	'	'
Accumulated Depreciation	-115	'	'
De Pere, WI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	6,144	'	'
Land	525	'	'
Building Improvements and Equipment	6,144	'	'
Land	525	'	'
Total	6,669	'	'
Accumulated Depreciation	-265	'	'
Duncan, SC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	11,352	'	'
Land	1,002	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	44	'	'
Building Improvements and Equipment	11,396	'	'
Land	1,002	'	'
Total	12,398	'	'
Accumulated Depreciation	-519	'	'
Duncan, SC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	6,928	'	'
Land	709	'	'
Building Improvements and Equipment	6,928	'	'
Land	709	'	'
Total	7,637	'	'
Accumulated Depreciation	-359	'	'
Edgefield, SC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	938	'	'
Land	220	'	'
Building Improvements and Equipment	938	'	'
Land	220	'	'
Total	1,158	'	'
Accumulated Depreciation	-52	'	'
Elkhart, IN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	210	'	'
Land	25	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	14	'	'
Building Improvements and Equipment	224	'	'
Land	25	'	'
Total	249	'	'
Accumulated Depreciation	-45	'	'
Elkhart, IN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,567	'	'
Land	422	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	161	'	'
Building Improvements and Equipment	3,728	'	'
Land	422	'	'
Total	4,150	'	'
Accumulated Depreciation	-628	'	'
El Paso, TX	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,096	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	373	'	'
Building Improvements and Equipment	3,469	'	'
Total	3,469	'	'
Accumulated Depreciation	-137	'	'
East Windsor, CT	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-3,360	'	'
Building and Tenant Improvements (initial cost)	4,713	'	'
Land	348	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	447	'	'
Building Improvements and Equipment	5,160	'	'
Land	348	'	'
Total	5,508	'	'
Accumulated Depreciation	-403	'	'
Lexington, VA	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	445	'	'
Land	59	'	'
Building Improvements and Equipment	445	'	'
Land	59	'	'
Total	504	'	'
Accumulated Depreciation	-77	'	'
Fairfield, VA	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	2,274	'	'
Land	295	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	177	'	'
Building Improvements and Equipment	2,451	'	'
Land	295	'	'
Total	2,746	'	'
Accumulated Depreciation	-463	'	'
Farmington, NY	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	5,342	'	'
Land	410	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	12	'	'
Building Improvements and Equipment	5,354	'	'
Land	410	'	'
Total	5,764	'	'
Accumulated Depreciation	-908	'	'
Franklin, IN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	12,042	'	'
Land	2,479	'	'
Building Improvements and Equipment	12,042	'	'
Land	2,479	'	'
Total	14,521	'	'
Accumulated Depreciation	-713	'	'
Fort Worth, TX	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-2,271	'	'
Building and Tenant Improvements (initial cost)	2,965	'	'
Land	389	'	'
Building Improvements and Equipment	2,965	'	'
Land	389	'	'
Total	3,354	'	'
Accumulated Depreciation	-257	'	'
Gahanna, OH	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-3,649	'	'
Building and Tenant Improvements (initial cost)	4,191	'	'
Land	1,265	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	1,158	'	'
Building Improvements and Equipment	5,349	'	'
Land	1,265	'	'
Total	6,614	'	'
Accumulated Depreciation	-365	'	'
Georgetown, KY	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-2,437	'	'
Building and Tenant Improvements (initial cost)	2,183	'	'
Land	875	'	'
Building Improvements and Equipment	2,183	'	'
Land	875	'	'
Total	3,058	'	'
Accumulated Depreciation	-199	'	'
Gloversville, NY	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-813	'	'
Building and Tenant Improvements (initial cost)	1,317	'	'
Land	117	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	-18	'	'
Building Improvements and Equipment	1,299	'	'
Land	117	'	'
Total	1,416	'	'
Accumulated Depreciation	-50	'	'
Gloversville, NY	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-1,314	'	'
Building and Tenant Improvements (initial cost)	2,613	'	'
Land	151	'	'
Building Improvements and Equipment	2,613	'	'
Land	151	'	'
Total	2,764	'	'
Accumulated Depreciation	-123	'	'
Gloversville, NY	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-1,189	'	'
Building and Tenant Improvements (initial cost)	1,790	'	'
Land	130	'	'
Building Improvements and Equipment	1,790	'	'
Land	130	'	'
Total	1,920	'	'
Accumulated Depreciation	-97	'	'
Gloversville, NY	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-939	'	'
Building and Tenant Improvements (initial cost)	1,514	'	'
Land	154	'	'
Building Improvements and Equipment	1,514	'	'
Land	154	'	'
Total	1,668	'	'
Accumulated Depreciation	-70	'	'
Golden, CO	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	6,164	'	'
Land	742	'	'
Building Improvements and Equipment	6,164	'	'
Land	742	'	'
Total	6,906	'	'
Accumulated Depreciation	-154	'	'
Goshen, IN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-6,366	'	'
Building and Tenant Improvements (initial cost)	6,509	'	'
Land	1,442	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	201	'	'
Building Improvements and Equipment	6,710	'	'
Land	1,442	'	'
Total	8,152	'	'
Accumulated Depreciation	-566	'	'
Greenwood, SC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-1,689	'	'
Building and Tenant Improvements (initial cost)	1,848	'	'
Land	166	'	'
Building Improvements and Equipment	1,848	'	'
Land	166	'	'
Total	2,014	'	'
Accumulated Depreciation	-75	'	'
Greenwood, SC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-1,439	'	'
Building and Tenant Improvements (initial cost)	1,232	'	'
Land	169	'	'
Building Improvements and Equipment	1,232	'	'
Land	169	'	'
Total	1,401	'	'
Accumulated Depreciation	-58	'	'
Gresham, OR	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-9,241	'	'
Building and Tenant Improvements (initial cost)	8,740	'	'
Land	1,730	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	365	'	'
Building Improvements and Equipment	9,105	'	'
Land	1,730	'	'
Total	10,835	'	'
Accumulated Depreciation	-715	'	'
Gurnee, IL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	4,902	'	'
Land	1,337	'	'
Building Improvements and Equipment	4,902	'	'
Land	1,337	'	'
Total	6,239	'	'
Accumulated Depreciation	-312	'	'
Hampstead, MD	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	34,969	'	'
Land	780	'	'
Building Improvements and Equipment	34,969	'	'
Land	780	'	'
Total	35,749	'	'
Accumulated Depreciation	-438	'	'
Harrisonburg, VA	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	11,179	'	'
Land	1,455	'	'
Building Improvements and Equipment	11,179	'	'
Land	1,455	'	'
Total	12,634	'	'
Accumulated Depreciation	-355	'	'
Harvard, IL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	2,980	'	'
Land	1,157	'	'
Building Improvements and Equipment	2,980	'	'
Land	1,157	'	'
Total	4,137	'	'
Accumulated Depreciation	-17	'	'
St. Louis, MO	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-6,432	'	'
Building and Tenant Improvements (initial cost)	5,815	'	'
Land	1,382	'	'
Building Improvements and Equipment	5,815	'	'
Land	1,382	'	'
Total	7,197	'	'
Accumulated Depreciation	-582	'	'
Holland, MI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	5,235	'	'
Land	489	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	428	'	'
Building Improvements and Equipment	5,663	'	'
Land	489	'	'
Total	6,152	'	'
Accumulated Depreciation	-969	'	'
Holland, MI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-3,492	'	'
Building and Tenant Improvements (initial cost)	3,475	'	'
Land	279	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	60	'	'
Building Improvements and Equipment	3,535	'	'
Land	279	'	'
Total	3,814	'	'
Accumulated Depreciation	-166	'	'
Holland, MI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	4,046	'	'
Land	497	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	-218	'	'
Building Improvements and Equipment	3,828	'	'
Land	497	'	'
Total	4,325	'	'
Accumulated Depreciation	-592	'	'
Houston, TX	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	7,790	'	'
Land	2,255	'	'
Building Improvements and Equipment	7,790	'	'
Land	2,255	'	'
Total	10,045	'	'
Accumulated Depreciation	-177	'	'
Huntersville, NC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,270	'	'
Land	1,061	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	35	'	'
Building Improvements and Equipment	3,305	'	'
Land	1,061	'	'
Total	4,366	'	'
Accumulated Depreciation	-170	'	'
Idaho Falls, ID	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	2,735	'	'
Land	356	'	'
Building Improvements and Equipment	2,735	'	'
Land	356	'	'
Total	3,091	'	'
Accumulated Depreciation	-82	'	'
Independence, VA	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-1,571	'	'
Building and Tenant Improvements (initial cost)	2,212	'	'
Land	226	'	'
Building Improvements and Equipment	2,212	'	'
Land	226	'	'
Total	2,438	'	'
Accumulated Depreciation	-153	'	'
Jackson, MS	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	926	'	'
Land	218	'	'
Building Improvements and Equipment	926	'	'
Land	218	'	'
Total	1,144	'	'
Accumulated Depreciation	-161	'	'
Jackson, MS	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,142	'	'
Land	750	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	565	'	'
Building Improvements and Equipment	3,707	'	'
Land	750	'	'
Total	4,457	'	'
Accumulated Depreciation	-612	'	'
Jackson, TN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	2,374	'	'
Land	230	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	142	'	'
Building Improvements and Equipment	2,516	'	'
Land	230	'	'
Total	2,746	'	'
Accumulated Depreciation	-88	'	'
Janesville, WI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	17,493	'	'
Land	828	'	'
Building Improvements and Equipment	17,493	'	'
Land	828	'	'
Total	18,321	'	'
Accumulated Depreciation	-59	'	'
Jefferson, NC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	2,875	'	'
Land	119	'	'
Building Improvements and Equipment	2,875	'	'
Land	119	'	'
Total	2,994	'	'
Accumulated Depreciation	-482	'	'
Johnstown, NY	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-813	'	'
Building and Tenant Improvements (initial cost)	1,304	'	'
Land	178	'	'
Building Improvements and Equipment	1,304	'	'
Land	178	'	'
Total	1,482	'	'
Accumulated Depreciation	-54	'	'
Johnstown, NY	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-1,189	'	'
Building and Tenant Improvements (initial cost)	1,595	'	'
Land	216	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	-3	'	'
Building Improvements and Equipment	1,592	'	'
Land	216	'	'
Total	1,808	'	'
Accumulated Depreciation	-54	'	'
Johnstown, NY	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-970	'	'
Building and Tenant Improvements (initial cost)	978	'	'
Land	198	'	'
Building Improvements and Equipment	978	'	'
Land	198	'	'
Total	1,176	'	'
Accumulated Depreciation	-54	'	'
Johnstown, NY	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-1,815	'	'
Building and Tenant Improvements (initial cost)	1,467	'	'
Land	140	'	'
Building Improvements and Equipment	1,467	'	'
Land	140	'	'
Total	1,607	'	'
Accumulated Depreciation	-61	'	'
Kansas City, MO	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	5,581	'	'
Land	703	'	'
Building Improvements and Equipment	5,581	'	'
Land	703	'	'
Total	6,284	'	'
Accumulated Depreciation	-168	'	'
Kansas City, KS	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-1,283	'	'
Building and Tenant Improvements (initial cost)	1,125	'	'
Land	527	'	'
Building Improvements and Equipment	1,125	'	'
Land	527	'	'
Total	1,652	'	'
Accumulated Depreciation	-62	'	'
Kentwood, MI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	2,478	'	'
Land	407	'	'
Building Improvements and Equipment	2,478	'	'
Land	407	'	'
Total	2,885	'	'
Accumulated Depreciation	-55	'	'
Lafayette, IN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-1,345	'	'
Building and Tenant Improvements (initial cost)	2,280	'	'
Land	295	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	-47	'	'
Building Improvements and Equipment	2,233	'	'
Land	295	'	'
Total	2,528	'	'
Accumulated Depreciation	-78	'	'
Lafayette, IN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-2,284	'	'
Building and Tenant Improvements (initial cost)	3,554	'	'
Land	410	'	'
Building Improvements and Equipment	3,554	'	'
Land	410	'	'
Total	3,964	'	'
Accumulated Depreciation	-221	'	'
Lafayette, IN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-4,693	'	'
Building and Tenant Improvements (initial cost)	8,135	'	'
Land	906	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	26	'	'
Building Improvements and Equipment	8,161	'	'
Land	906	'	'
Total	9,067	'	'
Accumulated Depreciation	-427	'	'
Lansing, MI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-8,735	'	'
Building and Tenant Improvements (initial cost)	8,164	'	'
Land	501	'	'
Building Improvements and Equipment	8,164	'	'
Land	501	'	'
Total	8,665	'	'
Accumulated Depreciation	-637	'	'
Lansing, MI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	4,077	'	'
Land	580	'	'
Building Improvements and Equipment	4,077	'	'
Land	580	'	'
Total	4,657	'	'
Accumulated Depreciation	-214	'	'
Lansing, MI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-6,257	'	'
Building and Tenant Improvements (initial cost)	7,162	'	'
Land	429	'	'
Building Improvements and Equipment	7,162	'	'
Land	429	'	'
Total	7,591	'	'
Accumulated Depreciation	-275	'	'
Lansing, MI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	5,209	'	'
Land	907	'	'
Building Improvements and Equipment	5,209	'	'
Land	907	'	'
Total	6,116	'	'
Accumulated Depreciation	-17	'	'
Lewiston, ME	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	5,515	'	'
Land	173	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	360	'	'
Building Improvements and Equipment	5,875	'	'
Land	173	'	'
Total	6,048	'	'
Accumulated Depreciation	-1,057	'	'
Lexington, NC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,968	'	'
Land	232	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	135	'	'
Building Improvements and Equipment	4,103	'	'
Land	232	'	'
Total	4,335	'	'
Accumulated Depreciation	-340	'	'
Londonderry, NH	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	6,683	'	'
Land	730	'	'
Building Improvements and Equipment	6,683	'	'
Land	730	'	'
Total	7,413	'	'
Accumulated Depreciation	-167	'	'
Louisville, KY	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-3,508	'	'
Building and Tenant Improvements (initial cost)	3,875	'	'
Land	386	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	520	'	'
Building Improvements and Equipment	4,395	'	'
Land	386	'	'
Total	4,781	'	'
Accumulated Depreciation	-380	'	'
Louisville, KY	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-5,596	'	'
Building and Tenant Improvements (initial cost)	6,182	'	'
Land	616	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	632	'	'
Building Improvements and Equipment	6,814	'	'
Land	616	'	'
Total	7,430	'	'
Accumulated Depreciation	-590	'	'
Madison, TN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-6,844	'	'
Building and Tenant Improvements (initial cost)	6,159	'	'
Land	1,655	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	892	'	'
Building Improvements and Equipment	7,051	'	'
Land	1,655	'	'
Total	8,706	'	'
Accumulated Depreciation	-737	'	'
Malden, MA	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	2,817	'	'
Land	366	'	'
Building Improvements and Equipment	2,817	'	'
Land	366	'	'
Total	3,183	'	'
Accumulated Depreciation	-475	'	'
Malden, MA	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,961	'	'
Land	507	'	'
Building Improvements and Equipment	3,961	'	'
Land	507	'	'
Total	4,468	'	'
Accumulated Depreciation	-668	'	'
Marion, IA	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	2,257	'	'
Land	691	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	46	'	'
Building Improvements and Equipment	2,303	'	'
Land	691	'	'
Total	2,994	'	'
Accumulated Depreciation	-68	'	'
Marion, IN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-3,191	'	'
Building and Tenant Improvements (initial cost)	3,010	'	'
Land	243	'	'
Building Improvements and Equipment	3,010	'	'
Land	243	'	'
Total	3,253	'	'
Accumulated Depreciation	-169	'	'
Marshall, MI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	1,051	'	'
Land	199	'	'
Building Improvements and Equipment	1,051	'	'
Land	199	'	'
Total	1,250	'	'
Accumulated Depreciation	-36	'	'
Mascot, TN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,452	'	'
Land	385	'	'
Building Improvements and Equipment	3,452	'	'
Land	385	'	'
Total	3,837	'	'
Accumulated Depreciation	-14	'	'
Salem, OH	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	6,849	'	'
Land	858	'	'
Building Improvements and Equipment	6,849	'	'
Land	858	'	'
Total	7,707	'	'
Accumulated Depreciation	-1,127	'	'
Mayville, WI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	4,118	'	'
Land	547	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	330	'	'
Building Improvements and Equipment	4,448	'	'
Land	547	'	'
Total	4,995	'	'
Accumulated Depreciation	-742	'	'
Mebane, NC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	4,570	'	'
Land	481	'	'
Building Improvements and Equipment	4,570	'	'
Land	481	'	'
Total	5,051	'	'
Accumulated Depreciation	-174	'	'
Mebane, NC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	4,148	'	'
Land	443	'	'
Building Improvements and Equipment	4,148	'	'
Land	443	'	'
Total	4,591	'	'
Accumulated Depreciation	-169	'	'
Mebane, NC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	4,999	'	'
Land	358	'	'
Building Improvements and Equipment	4,999	'	'
Land	358	'	'
Total	5,357	'	'
Accumulated Depreciation	-31	'	'
Milwaukee, WI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	4,090	'	'
Land	456	'	'
Building Improvements and Equipment	4,090	'	'
Land	456	'	'
Total	4,546	'	'
Accumulated Depreciation	-663	'	'
Milwaukee, WI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	5,283	'	'
Land	1,048	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	368	'	'
Building Improvements and Equipment	5,651	'	'
Land	1,048	'	'
Total	6,699	'	'
Accumulated Depreciation	-1,125	'	'
Mishawaka, IN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,108	'	'
Land	800	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	24	'	'
Building Improvements and Equipment	3,132	'	'
Land	800	'	'
Total	3,932	'	'
Accumulated Depreciation	-92	'	'
Montgomery, IL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	12,543	'	'
Land	2,190	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	62	'	'
Building Improvements and Equipment	12,605	'	'
Land	2,190	'	'
Total	14,795	'	'
Accumulated Depreciation	-424	'	'
Mooresville, NC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-7,085	'	'
Building and Tenant Improvements (initial cost)	7,411	'	'
Land	701	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	216	'	'
Building Improvements and Equipment	7,627	'	'
Land	701	'	'
Total	8,328	'	'
Accumulated Depreciation	-625	'	'
Mt. Prospect, IL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	2,988	'	'
Land	726	'	'
Building Improvements and Equipment	2,988	'	'
Land	726	'	'
Total	3,714	'	'
Accumulated Depreciation	-77	'	'
Nashville, TN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,601	'	'
Land	547	'	'
Building Improvements and Equipment	3,601	'	'
Land	547	'	'
Total	4,148	'	'
Accumulated Depreciation	-56	'	'
Newark, DE	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	1,478	'	'
Land	197	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	137	'	'
Building Improvements and Equipment	1,615	'	'
Land	197	'	'
Total	1,812	'	'
Accumulated Depreciation	-333	'	'
Newark, DE	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	2,479	'	'
Land	330	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	36	'	'
Building Improvements and Equipment	2,515	'	'
Land	330	'	'
Total	2,845	'	'
Accumulated Depreciation	-431	'	'
New Berlin, WI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	6,500	'	'
Land	1,068	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	98	'	'
Building Improvements and Equipment	6,598	'	'
Land	1,068	'	'
Total	7,666	'	'
Accumulated Depreciation	-102	'	'
New Hope, MN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	1,970	'	'
Land	1,919	'	'
Building Improvements and Equipment	1,970	'	'
Land	1,919	'	'
Total	3,889	'	'
Accumulated Depreciation	-34	'	'
Lopatcong, NJ	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	1,400	'	'
Land	1,554	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	184	'	'
Building Improvements and Equipment	1,584	'	'
Land	1,554	'	'
Total	3,138	'	'
Accumulated Depreciation	-228	'	'
Piscataway, NJ	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	5,655	'	'
Land	640	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	164	'	'
Building Improvements and Equipment	5,819	'	'
Land	640	'	'
Total	6,459	'	'
Accumulated Depreciation	-698	'	'
Newton, NC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	4,367	'	'
Land	732	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	86	'	'
Building Improvements and Equipment	4,453	'	'
Land	732	'	'
Total	5,185	'	'
Accumulated Depreciation	-542	'	'
North Jackson, OH	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	4,427	'	'
Land	1,528	'	'
Building Improvements and Equipment	4,427	'	'
Land	1,528	'	'
Total	5,955	'	'
Accumulated Depreciation	-25	'	'
North Jackson 2, OH	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-7,775	'	'
Building and Tenant Improvements (initial cost)	6,439	'	'
Land	486	'	'
Building Improvements and Equipment	6,439	'	'
Land	486	'	'
Total	6,925	'	'
Accumulated Depreciation	-591	'	'
Norton, MA	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-5,834	'	'
Building and Tenant Improvements (initial cost)	6,740	'	'
Land	2,839	'	'
Building Improvements and Equipment	6,740	'	'
Land	2,839	'	'
Total	9,579	'	'
Accumulated Depreciation	-532	'	'
Novi, MI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-3,066	'	'
Building and Tenant Improvements (initial cost)	3,879	'	'
Land	252	'	'
Building Improvements and Equipment	3,879	'	'
Land	252	'	'
Total	4,131	'	'
Accumulated Depreciation	-198	'	'
Ocala, FL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	13,296	'	'
Land	731	'	'
Building Improvements and Equipment	13,296	'	'
Land	731	'	'
Total	14,027	'	'
Accumulated Depreciation	-295	'	'
O'Fallon, MO	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-3,210	'	'
Building and Tenant Improvements (initial cost)	2,676	'	'
Land	1,242	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	69	'	'
Building Improvements and Equipment	2,745	'	'
Land	1,242	'	'
Total	3,987	'	'
Accumulated Depreciation	-239	'	'
O'Hara, PA	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-17,583	'	'
Building and Tenant Improvements (initial cost)	18,875	'	'
Land	1,435	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	574	'	'
Building Improvements and Equipment	19,449	'	'
Land	1,435	'	'
Total	20,884	'	'
Accumulated Depreciation	-787	'	'
Orangeburg, SC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	2,653	'	'
Land	362	'	'
Building Improvements and Equipment	2,653	'	'
Land	362	'	'
Total	3,015	'	'
Accumulated Depreciation	-100	'	'
Orlando, FL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	4,839	'	'
Land	1,339	'	'
Building Improvements and Equipment	4,839	'	'
Land	1,339	'	'
Total	6,178	'	'
Accumulated Depreciation	-45	'	'
Orlando, FL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	1,996	'	'
Land	721	'	'
Building Improvements and Equipment	1,996	'	'
Land	721	'	'
Total	2,717	'	'
Accumulated Depreciation	-101	'	'
Parsons, KS	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-1,189	'	'
Building and Tenant Improvements (initial cost)	1,053	'	'
Land	108	'	'
Building Improvements and Equipment	1,053	'	'
Land	108	'	'
Total	1,161	'	'
Accumulated Depreciation	-50	'	'
Pensacola, FL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	4,705	'	'
Land	282	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	68	'	'
Building Improvements and Equipment	4,773	'	'
Land	282	'	'
Total	5,055	'	'
Accumulated Depreciation	-807	'	'
Pensacola, FL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	206	'	'
Land	42	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	83	'	'
Building Improvements and Equipment	289	'	'
Land	42	'	'
Total	331	'	'
Accumulated Depreciation	-51	'	'
Phenix City, AL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-1,752	'	'
Building and Tenant Improvements (initial cost)	1,493	'	'
Land	276	'	'
Building Improvements and Equipment	1,493	'	'
Land	276	'	'
Total	1,769	'	'
Accumulated Depreciation	-85	'	'
Pineville, NC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	1,380	'	'
Land	392	'	'
Building Improvements and Equipment	1,380	'	'
Land	392	'	'
Total	1,772	'	'
Accumulated Depreciation	-79	'	'
Warrendale, PA	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	6,437	'	'
Land	778	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	430	'	'
Building Improvements and Equipment	6,867	'	'
Land	778	'	'
Total	7,645	'	'
Accumulated Depreciation	-536	'	'
Pocatello, ID	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,472	'	'
Land	399	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	135	'	'
Building Improvements and Equipment	3,607	'	'
Land	399	'	'
Total	4,006	'	'
Accumulated Depreciation	-785	'	'
Portage, IN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	5,416	'	'
Building Improvements and Equipment	5,416	'	'
Total	5,416	'	'
Accumulated Depreciation	-180	'	'
Portland, TN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	8,353	'	'
Land	1,662	'	'
Building Improvements and Equipment	8,353	'	'
Land	1,662	'	'
Total	10,015	'	'
Accumulated Depreciation	-526	'	'
Portland, ME	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-3,120	'	'
Building and Tenant Improvements (initial cost)	3,727	'	'
Land	891	'	'
Building Improvements and Equipment	3,727	'	'
Land	891	'	'
Total	4,618	'	'
Accumulated Depreciation	-192	'	'
Rapid City, SD	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	11,957	'	'
Land	2,306	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	524	'	'
Building Improvements and Equipment	12,481	'	'
Land	2,306	'	'
Total	14,787	'	'
Accumulated Depreciation	-2,724	'	'
Muhlenberg TWP, PA	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	14,064	'	'
Land	843	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	13	'	'
Building Improvements and Equipment	14,077	'	'
Land	843	'	'
Total	14,920	'	'
Accumulated Depreciation	-706	'	'
Rogers, MN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-12,050	'	'
Building and Tenant Improvements (initial cost)	11,787	'	'
Land	1,671	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	238	'	'
Building Improvements and Equipment	12,025	'	'
Land	1,671	'	'
Total	13,696	'	'
Accumulated Depreciation	-1,429	'	'
Rogers, AR	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	8,280	'	'
Land	1,072	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	99	'	'
Building Improvements and Equipment	8,379	'	'
Land	1,072	'	'
Total	9,451	'	'
Accumulated Depreciation	-569	'	'
Round Rock, TX	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,399	'	'
Land	394	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	-54	'	'
Building Improvements and Equipment	3,345	'	'
Land	394	'	'
Total	3,739	'	'
Accumulated Depreciation	-551	'	'
Rural Hall, NC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	5,664	'	'
Land	439	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	137	'	'
Building Improvements and Equipment	5,801	'	'
Land	439	'	'
Total	6,240	'	'
Accumulated Depreciation	-677	'	'
Salem, OR	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-3,340	'	'
Building and Tenant Improvements (initial cost)	3,150	'	'
Land	599	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	161	'	'
Building Improvements and Equipment	3,311	'	'
Land	599	'	'
Total	3,910	'	'
Accumulated Depreciation	-312	'	'
Salem, OR	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-1,501	'	'
Building and Tenant Improvements (initial cost)	1,471	'	'
Land	266	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	119	'	'
Building Improvements and Equipment	1,590	'	'
Land	266	'	'
Total	1,856	'	'
Accumulated Depreciation	-209	'	'
Sauk Village, IL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	5,516	'	'
Land	877	'	'
Building Improvements and Equipment	5,516	'	'
Land	877	'	'
Total	6,393	'	'
Accumulated Depreciation	-21	'	'
Sergeant Bluff, IA	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	11,675	'	'
Land	736	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	36	'	'
Building Improvements and Equipment	11,711	'	'
Land	736	'	'
Total	12,447	'	'
Accumulated Depreciation	-2,886	'	'
Seville, OH	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	6,662	'	'
Land	1,170	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	229	'	'
Building Improvements and Equipment	6,891	'	'
Land	1,170	'	'
Total	8,061	'	'
Accumulated Depreciation	-538	'	'
Shannon, GA	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	12,969	'	'
Land	393	'	'
Building Improvements and Equipment	12,969	'	'
Land	393	'	'
Total	13,362	'	'
Accumulated Depreciation	-61	'	'
South Holland, IL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,900	'	'
Land	714	'	'
Building Improvements and Equipment	3,900	'	'
Land	714	'	'
Total	4,614	'	'
Accumulated Depreciation	-18	'	'
Simpsonville, SC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,003	'	'
Land	957	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	30	'	'
Building Improvements and Equipment	3,033	'	'
Land	957	'	'
Total	3,990	'	'
Accumulated Depreciation	-158	'	'
Simpsonville, SC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,418	'	'
Land	470	'	'
Building Improvements and Equipment	3,418	'	'
Land	470	'	'
Total	3,888	'	'
Accumulated Depreciation	-161	'	'
Smithfield, NC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	4,671	'	'
Land	613	'	'
Building Improvements and Equipment	4,671	'	'
Land	613	'	'
Total	5,284	'	'
Accumulated Depreciation	-295	'	'
Smyrna, GA	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,286	'	'
Land	264	'	'
Building Improvements and Equipment	3,286	'	'
Land	264	'	'
Total	3,550	'	'
Accumulated Depreciation	-129	'	'
South Bend, IN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	4,834	'	'
Land	411	'	'
Building Improvements and Equipment	4,834	'	'
Land	411	'	'
Total	5,245	'	'
Accumulated Depreciation	-253	'	'
Southfield, MI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	4,196	'	'
Land	562	'	'
Building Improvements and Equipment	4,196	'	'
Land	562	'	'
Total	4,758	'	'
Accumulated Depreciation	-103	'	'
Southfield, MI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Land	354	'	'
Land	354	'	'
Total	354	'	'
Sparks, MD	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,577	'	'
Land	790	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	-146	'	'
Building Improvements and Equipment	3,431	'	'
Land	790	'	'
Total	4,221	'	'
Accumulated Depreciation	-536	'	'
Spartanburg, SC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	6,471	'	'
Land	493	'	'
Building Improvements and Equipment	6,471	'	'
Land	493	'	'
Total	6,964	'	'
Accumulated Depreciation	-591	'	'
Springfield, OH	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	6,432	'	'
Land	574	'	'
Building Improvements and Equipment	6,432	'	'
Land	574	'	'
Total	7,006	'	'
Accumulated Depreciation	-76	'	'
Statham, GA	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	6,242	'	'
Land	588	'	'
Building Improvements and Equipment	6,242	'	'
Land	588	'	'
Total	6,830	'	'
Accumulated Depreciation	-236	'	'
Sterling Heights, MI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-1,689	'	'
Building and Tenant Improvements (initial cost)	4,197	'	'
Land	513	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	55	'	'
Building Improvements and Equipment	4,252	'	'
Land	513	'	'
Total	4,765	'	'
Accumulated Depreciation	-153	'	'
Hazelwood, MO	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	5,436	'	'
Land	1,959	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	455	'	'
Building Improvements and Equipment	5,891	'	'
Land	1,959	'	'
Total	7,850	'	'
Accumulated Depreciation	-935	'	'
Streetsboro, OH	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-6,694	'	'
Building and Tenant Improvements (initial cost)	5,481	'	'
Land	2,161	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	214	'	'
Building Improvements and Equipment	5,695	'	'
Land	2,161	'	'
Total	7,856	'	'
Accumulated Depreciation	-796	'	'
Sun Prairie, WI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	6,176	'	'
Land	2,360	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	-76	'	'
Building Improvements and Equipment	6,100	'	'
Land	2,360	'	'
Total	8,460	'	'
Accumulated Depreciation	-431	'	'
Tavares, FL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	6,339	'	'
Land	722	'	'
Building Improvements and Equipment	6,339	'	'
Land	722	'	'
Total	7,061	'	'
Accumulated Depreciation	-1,386	'	'
Toledo, OH	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	6,831	'	'
Land	213	'	'
Building Improvements and Equipment	6,831	'	'
Land	213	'	'
Total	7,044	'	'
Accumulated Depreciation	-259	'	'
Twinsburg, OH	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	6,497	'	'
Land	590	'	'
Building Improvements and Equipment	6,497	'	'
Land	590	'	'
Total	7,087	'	'
Accumulated Depreciation	-1,014	'	'
Vonore, TN	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-9,392	'	'
Building and Tenant Improvements (initial cost)	8,243	'	'
Land	2,355	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	85	'	'
Building Improvements and Equipment	8,328	'	'
Land	2,355	'	'
Total	10,683	'	'
Accumulated Depreciation	-916	'	'
Waco, TX	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	1,448	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	30	'	'
Building Improvements and Equipment	1,478	'	'
Total	1,478	'	'
Accumulated Depreciation	-107	'	'
Walker, MI	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-4,434	'	'
Building and Tenant Improvements (initial cost)	4,872	'	'
Land	855	'	'
Costs Capitalized Subsequent to Acquisition and Valuation Provision	118	'	'
Building Improvements and Equipment	4,990	'	'
Land	855	'	'
Total	5,845	'	'
Accumulated Depreciation	-452	'	'
Ware Shoals, SC	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-282	'	'
Building and Tenant Improvements (initial cost)	197	'	'
Land	133	'	'
Building Improvements and Equipment	197	'	'
Land	133	'	'
Total	330	'	'
Accumulated Depreciation	-10	'	'
Wichita, KS	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-1,689	'	'
Building and Tenant Improvements (initial cost)	1,835	'	'
Land	88	'	'
Building Improvements and Equipment	1,835	'	'
Land	88	'	'
Total	1,923	'	'
Accumulated Depreciation	-82	'	'
Wichita, KS	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-1,846	'	'
Building and Tenant Improvements (initial cost)	1,931	'	'
Land	107	'	'
Building Improvements and Equipment	1,931	'	'
Land	107	'	'
Total	2,038	'	'
Accumulated Depreciation	-135	'	'
Wichita, KS	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-939	'	'
Building and Tenant Improvements (initial cost)	904	'	'
Land	140	'	'
Building Improvements and Equipment	904	'	'
Land	140	'	'
Total	1,044	'	'
Accumulated Depreciation	-42	'	'
Wichita, KS	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Encumbrances	-845	'	'
Building and Tenant Improvements (initial cost)	869	'	'
Land	76	'	'
Building Improvements and Equipment	869	'	'
Land	76	'	'
Total	945	'	'
Accumulated Depreciation	-59	'	'
Williamsport, PA	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	9,059	'	'
Land	688	'	'
Building Improvements and Equipment	9,059	'	'
Land	688	'	'
Total	9,747	'	'
Accumulated Depreciation	-209	'	'
Woodstock, IL	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	3,796	'	'
Land	496	'	'
Building Improvements and Equipment	3,796	'	'
Land	496	'	'
Total	4,292	'	'
Accumulated Depreciation	-138	'	'
Bardstown, KY	'	'	'
Real Estate and Accumulated Depreciation	'	'	'
Building and Tenant Improvements (initial cost)	2,399	'	'
Land	381	'	'
Building Improvements and Equipment	2,399	'	'
Land	381	'	'
Total	2,780	'	'
Accumulated Depreciation	($424)	'	'

Schedule_3_Real_Estate_and_Acc1

Schedule 3 - Real Estate and Accumulated Depreciation (Details 2) (USD $)	9 Months Ended	12 Months Ended					3 Months Ended	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Apr. 19, 2011	Dec. 31, 2010
				Buildings	Building and land improvements	Building and land improvements	STAG Predecessor Group	STAG Predecessor Group
					Minimum	Maximum
RealEstate:	'	'	'	'	'	'	'	'
Balance at beginning of period	'	$816,227,000	$502,258,000	'	'	'	$210,186,000	$210,009,000
Additions during period Other acquisitions	292,426,000	266,389,000	322,719,000	'	'	'	'	'
Additions during period Improvements etc.	4,513,000	6,757,000	3,541,000	'	'	'	39,000	1,500,000
Deductions during period Cost of real estate sold	-4,544,000	-9,073,000	-8,309,000	'	'	'	'	'
Deductions during period Write-off of tenant improvements	-362,000	-1,254,000	-576,000	'	'	'	'	-1,323,000
Deductions during period Asset Impairments	'	'	-3,406,000	'	'	'	'	'
Balance at the end of the period	502,258,000	1,079,046,000	816,227,000	'	'	'	210,225,000	210,186,000
Accumulated Depreciation:	'	'	'	'	'	'	'	'
Balance at beginning of period	'	46,175,000	30,004,000	'	'	'	19,261,000	14,626,000
Additions during period Depreciation and amortization expense	9,618,000	27,492,000	18,174,000	'	'	'	1,698,000	5,747,000
Deductions during period Disposals	-573,000	-2,014,000	-1,885,000	'	'	'	'	-1,112,000
Deductions during period Other reductions	'	'	-118,000	'	'	'	'	'
Balance at the end of the period	30,004,000	71,653,000	46,175,000	'	'	'	20,959,000	19,261,000
Useful life	'	'	'	'40 years	'5 years	'20 years	'	'
Unamortized balance of historical fair value adjustments	'	288,000	'	'	'	'	'	'
Aggregate cost for federal income tax purposes of investments in real estate	'	$1,400,000,000	'	'	'	'	'	'