CIM Real Estate Finance Trust (CMRF) 10-Q 12 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Nov. 08, 2013
Entity Information [Line Items]	'	'
Entity Registrant Name	'COLE CREDIT PROPERTY TRUST IV, INC.	'
Entity Central Index Key	'0001498547	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-13	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Non-accelerated Filer	'
Entity common stock, shares outstanding	'	162,613,396

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Investment in real estate assets:	'	'
Land	$402,280	$146,873
Buildings and improvements, less accumulated depreciation of $15,048 and $1,744, respectively	995,481	315,922
Acquired intangible lease assets, less accumulated amortization of $9,192 and $907, respectively	183,262	57,288
Total investment in real estate assets, net	1,581,023	520,083
Investment in unconsolidated joint venture	19,084	0
Total investment in real estate assets and related assets, net	1,600,107	520,083
Cash and cash equivalents	129,332	13,895
Restricted cash	6,177	523
Rents and tenant receivables, less allowance for doubtful accounts of $27 and $0, respectively	8,513	1,465
Property escrow deposits, prepaid expenses and other assets	8,802	1,142
Deferred financing costs, less accumulated amortization of $2,913 and $524, respectively	14,716	5,092
Total assets	1,767,647	542,200
LIABILITIES AND STOCKHOLDERS’ EQUITY	'	'
Credit facility and notes payable	649,946	274,594
Accounts payable and accrued expenses	11,707	5,042
Escrowed investor proceeds	3,607	523
Due to affiliates	4,635	2,156
Acquired below market lease intangibles, less accumulated amortization of $1,395 and $109, respectively	26,604	7,810
Distributions payable	6,002	1,456
Deferred rental income and other liabilities	11,549	3,140
Total liabilities	714,050	294,721
Commitments and contingencies	'	'
Redeemable common stock	15,064	1,964
STOCKHOLDERS’ EQUITY	'	'
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued and outstanding	0	0
Common stock, $0.01 par value, 490,000,000 shares authorized, 126,838,762 and 29,943,549 shares issued and outstanding, respectively	1,268	299
Capital in excess of par value	1,113,223	264,341
Accumulated distributions in excess of earnings	-70,992	-19,125
Accumulated other comprehensive loss	-4,966	0
Total stockholders’ equity	1,038,533	245,515
Total liabilities and stockholders’ equity	$1,767,647	$542,200

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, except Share data, unless otherwise specified
Buildings and improvements, accumulated depreciation	$15,048	$1,744
Acquired intangible lease assets, accumulated amortization	9,192	907
Allowance for doubtful accounts receivable	27	0
Deferred financing costs, accumulated amortization	2,913	524
Acquired below market lease intangibles, accumulated amortization	$1,395	$109
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	490,000,000	490,000,000
Common stock, shares issued	126,838,762	29,943,549
Common stock, shares outstanding	126,838,762	29,943,549

Condensed_Consolidated_Stateme

Condensed Consolidated Statement of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenues:	'	'	'	'
Rental and other property income	$26,582	$1,723	$56,495	$2,345
Tenant reimbursement income	3,744	123	7,007	150
Total revenue	30,326	1,846	63,502	2,495
Expenses:	'	'	'	'
General and administrative expenses	2,275	589	4,769	812
Property operating expenses	4,271	130	7,906	157
Advisory fees and expenses	3,067	207	6,357	297
Acquisition related expenses	10,356	2,611	30,546	4,559
Depreciation	6,346	448	13,304	604
Amortization	3,459	229	7,174	334
Total operating expenses	29,774	4,214	70,056	6,763
Operating income (loss)	552	-2,368	-6,554	-4,268
Other expense:	'	'	'	'
Interest expense and other	-7,140	-364	-15,497	-617
Total other expense	-7,140	-364	-15,497	-617
Net loss	($6,588)	($2,732)	($22,051)	($4,885)
Weighted average number of common shares outstanding:	'	'	'	'
Basic and diluted (in shares)	96,334,299	9,628,953	63,646,912	3,789,868
Net loss per common share:	'	'	'	'
Basic and diluted (in dollars per shares)	($0.07)	($0.28)	($0.35)	($1.29)
Distributions declared per common share	$0.16	$0.16	$0.47	$0.47

Condensed_Consolidated_Unaudit

Condensed Consolidated Unaudited Statements of Comprehensive Income Statement (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Net loss	($6,588)	($2,732)	($22,051)	($4,885)
Other comprehensive loss:	'	'	'	'
Unrealized loss on interest rate swaps	-4,629	0	-4,966	0
Total other comprehensive loss	-4,629	0	-4,966	0
Total comprehensive loss	($11,217)	($2,732)	($27,017)	($4,885)

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Stockholder's Equity (Unaudited) (USD $)	Total	Common Stock	Capital in Excess of Par Value	Accumulated Distributions in Excess of Earnings	Accumulated Other Comprehensive Loss
In Thousands, except Share data, unless otherwise specified
Balance at Dec. 31, 2012	$245,515	$299	$264,341	($19,125)	$0
Balance, shares at Dec. 31, 2012	29,943,549	29,943,549	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Issuance of common stock, shares	'	96,925,826	'	'	'
Issuance of common stock	967,512	969	966,543	'	'
Distributions to investors	-29,816	'	'	-29,816	'
Commissions on stock sales and related dealer manager fees	-84,923	'	-84,923	'	'
Other offering costs	-19,336	'	-19,336	'	'
Redemptions of common stock, shares	'	-30,613	'	'	'
Redemptions of common stock, value	-302	'	-302	'	'
Changes in redeemable common stock	-13,100	'	-13,100	'	'
Comprehensive loss	-27,017	'	'	-22,051	-4,966
Balance at Sep. 30, 2013	$1,038,533	$1,268	$1,113,223	($70,992)	($4,966)
Balance, shares at Sep. 30, 2013	126,838,762	126,838,762	'	'	'

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:	'	'
Net loss	($22,051)	($4,885)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:	'	'
Depreciation	13,304	604
Amortization of intangible lease assets and below market lease intangible, net	7,025	298
Amortization of deferred financing costs	2,389	226
Bad debt expense	34	0
Equity in income of unconsolidated joint venture	-154	0
Changes in assets and liabilities:	'	'
Rents and tenant receivables	-7,082	-251
Prepaid expenses and other assets	-705	-408
Accounts payable and accrued expenses	7,536	751
Deferred rental income and other liabilities	3,129	181
Due to affiliates	100	99
Net cash provided by (used in) operating activities	3,525	-3,385
Cash flows from investing activities:	'	'
Investment in real estate assets and capital expenditures	-1,062,809	-156,452
Investment in unconsolidated joint venture	-18,930	0
Payment of property escrow deposits	-21,173	0
Refund of property escrow deposits	14,298	0
Change in restricted cash	-5,654	-1,247
Net cash used in investing activities	-1,094,268	-157,699
Cash flows from financing activities:	'	'
Proceeds from issuance of common stock	954,110	152,636
Redemptions of common stock	-302	0
Offering costs on issuance of common stock	-101,880	-16,492
Distributions to investors	-11,868	-552
Proceeds from borrowing facilities and notes payable	923,842	80,460
Repayments of borrowing facilities	-548,490	-41,460
Proceeds from affiliate line of credit	0	11,700
Repayments of affiliate line of credit	0	-11,700
Payment of loan deposits	-906	-50
Refund of loan deposits	826	0
Change in escrowed investor proceeds	3,084	1,247
Deferred financing costs paid	-11,997	-2,877
Other financing activities	-239	-6
Net cash provided by financing activities	1,206,180	172,906
Net increase in cash and cash equivalents	115,437	11,822
Cash and cash equivalents, beginning of period	13,895	200
Cash and cash equivalents, end of period	$129,332	$12,022

Organization_and_Business

Organization and Business	9 Months Ended
	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
ORGANIZATION AND BUSINESS	'
	ORGANIZATION AND BUSINESS
	Cole Credit Property Trust IV, Inc. (the “Company”) is a Maryland corporation that was formed on July 27, 2010, which has elected to be taxed, and currently qualifies, as a real estate investment trust (“REIT”) for federal income tax purposes. The Company is the sole general partner of and owns, directly or indirectly, 100% of the partnership interest in Cole Operating Partnership IV, LP, a Delaware limited partnership (“CCPT IV OP”). The Company is externally managed by Cole REIT Advisors IV, LLC (“CR IV Advisors”), which is indirectly owned by Cole Real Estate Investments, Inc. (NYSE: COLE) (“Cole”, formerly known as “Cole Credit Property Trust III, Inc.”) as a result of Cole acquiring Cole Holdings Corporation (“CHC”) on April 5, 2013 pursuant to a transaction whereby CHC merged with and into CREInvestments, LLC (“CREI”), a wholly-owned subsidiary of Cole. As a result of the merger, CR IV Advisors and the Company’s dealer manager are wholly-owned by CREI. On October 22, 2013, Cole entered into an Agreement and Plan of Merger (the “Merger Agreement”) with American Realty Capital Properties, Inc. (“ARCP”) and Clark Acquisition Company, LLC, a direct wholly-owned subsidiary of ARCP (“Merger Sub”), as discussed in Note 11.
	On January 26, 2012, pursuant to a Registration Statement on Form S-11 (Registration No. 333-169533) (the “Registration Statement”) filed under the Securities Act of 1933, as amended (the “Securities Act”), the Company commenced its initial public offering on a “best efforts” basis of up to a maximum of 250.0 million shares of its common stock at a price of $10.00 per share, subject to reduction in certain circumstances, and up to 50.0 million additional shares to be issued pursuant to a distribution reinvestment plan (the “DRIP”) under which the Company’s stockholders may elect to have distributions reinvested in additional shares of common stock at a price of $9.50 per share (the “Offering”).
	On April 13, 2012, the Company issued approximately 308,000 shares of its common stock in the Offering and commenced principal operations. As of September 30, 2013, the Company had issued approximately 126.8 million shares of its common stock in the Offering for gross offering proceeds of $1.3 billion before offering costs, selling commissions and dealer manager fees of $136.3 million. The Company intends to continue to use substantially all of the net proceeds from the Offering to acquire and operate a diversified portfolio of core commercial real estate investments primarily consisting of necessity retail properties located throughout the United States, including U.S. protectorates. The Company expects that the retail properties primarily will be single-tenant properties and multi-tenant “power centers” anchored by large, creditworthy national or regional retailers. The Company expects that the retail properties typically will be subject to long-term triple net or double net leases, whereby the tenant will be obligated to pay for most of the expenses of maintaining the property. As of September 30, 2013, the Company owned 240 properties, comprising 7.6 million rentable square feet of commercial space located in 36 states. As of September 30, 2013, the rentable space at these properties was 98% leased. In addition, through an unconsolidated joint venture arrangement, as of September 30, 2013, the Company had an interest in one property comprising 176,000 rentable square feet of commercial space.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Principles of Consolidation and Basis of Presentation
	The condensed consolidated unaudited financial statements of the Company have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”) regarding interim financial reporting, including the instructions to Form 10-Q and Article 10 of Regulation S-X, and do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. In the opinion of management, the statements for the interim periods presented include all adjustments, which are of a normal and recurring nature, necessary for a fair presentation of the results for such periods. Results for these interim periods are not necessarily indicative of full year results. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with the Company’s audited consolidated financial statements as of and for the year ended December 31, 2012, and related notes thereto set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. The condensed consolidated unaudited financial statements should also be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations contained in this Quarterly Report on Form 10-Q.
	The condensed consolidated unaudited financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
	The Company evaluates its relationships and investments to determine if it has variable interests. A variable interest is an investment or other interest that will absorb portions of an entity’s expected losses or receive portions of the entity’s expected residual returns.  If the Company determines that it has a variable interest in an entity, it evaluates whether such interest is in a variable interest entity (“VIE”). A VIE is broadly defined as an entity where either (1) the equity investors as a group, if any, lack the power through voting or similar rights to direct the activities of an entity that most significantly impact the entity’s economic performance or (2) the equity investment at risk is insufficient to finance that entity’s activities without additional subordinated financial support. The Company consolidates any VIEs when it is determined to be the primary beneficiary of the VIE’s operations.
	A variable interest holder is considered to be the primary beneficiary of a VIE if it has the power to direct the activities of a VIE that most significantly impact the entity’s economic performance and has the obligation to absorb losses of, or the right to receive benefits from, the entity that could potentially be significant to the VIE. The Company qualitatively assesses whether it is (or is not) the primary beneficiary of a VIE. Consideration of various factors include, but are not limited to, the Company’s ability to direct the activities that most significantly impact the entity’s economic performance, its form of ownership interest, its representation on the entity’s governing body, the size and seniority of its investment, its ability and the rights of other investors to participate in policy making decisions and to replace the manager of and/or liquidate the entity.
	The Company continually evaluates the need to consolidate its joint venture arrangement based on standards set forth in GAAP. In determining whether the Company has a controlling interest in a joint venture arrangement and the requirement to consolidate the accounts of that entity, management considers factors such as ownership interest, power to make decisions and contractual and substantive participating rights of the partners/members as well as whether the entity is a VIE for which the Company may be the primary beneficiary. As of September 30, 2013, the Company is not required to consolidate its joint venture arrangement as the joint venture entity does not qualify as a VIE and the Company does not meet the control requirement for consolidation.
	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 revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Investment in and Valuation of Real Estate Assets
	Real estate assets are stated at cost, less accumulated depreciation and amortization. Amounts capitalized to real estate assets consist of the cost of acquisition, excluding acquisition related expenses, construction and any tenant improvements, major improvements and betterments that extend the useful life of the real estate assets and leasing costs. All repairs and maintenance are expensed as incurred.
	The Company is required to make subjective assessments as to the useful lives of its depreciable assets. The Company considers the period of future benefit of each respective asset to determine the appropriate useful life of the assets. Real estate assets, other than land, are depreciated or amortized on a straight-line basis. The estimated useful lives of the Company’s real estate assets by class are generally as follows:
	Buildings	40 years
	Tenant improvements	Lesser of useful life or lease term
	Intangible lease assets	Lease term
	The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of its real estate assets may not be recoverable. Impairment indicators that the Company considers include, but are not limited to, bankruptcy or other credit concerns of a property’s major tenant, such as a history of late payments, rental concessions and other factors, a significant decrease in a property’s revenues due to lease terminations, vacancies, co-tenancy clauses, reduced lease rates or other circumstances. When indicators of potential impairment are present, the Company assesses the recoverability of the assets by determining whether the carrying amount of the assets will be recovered through the undiscounted future cash flows expected from the use of the assets and their eventual disposition. In the event that such expected undiscounted future cash flows do not exceed the carrying amount, the Company will adjust the real estate assets to their respective fair values and recognize an impairment loss. Generally, fair value is determined using a discounted cash flow analysis and recent comparable sales transactions. No impairment indicators were identified and no impairment losses were recorded during the nine months ended September 30, 2013 and 2012.
	When developing estimates of expected future cash flows, the Company makes certain assumptions regarding future market rental income amounts subsequent to the expiration of current lease agreements, property operating expenses, terminal capitalization and discount rates, the expected number of months it takes to re-lease the property, required tenant improvements and the number of years the property will be held for investment. The use of alternative assumptions in estimating expected future cash flows could result in a different determination of the property’s expected future cash flows and a different conclusion regarding the existence of an impairment, the extent of such loss, if any, as well as the fair value of the real estate assets.
	When a real estate asset is identified by the Company as held for sale, the Company will cease depreciation and amortization of the assets related to the property and estimate the fair value, net of selling costs. If, in management’s opinion, the fair value, net of selling costs, of the asset is less than the carrying amount of the asset, an adjustment to the carrying amount would be recorded to reflect the estimated fair value of the property, net of selling costs. There were no assets identified as held for sale as of September 30, 2013 or December 31, 2012.
	Allocation of Purchase Price of Real Estate Assets
	Upon the acquisition of real properties, the Company allocates the purchase price to acquired tangible assets, consisting of land, buildings and improvements, and identified intangible assets and liabilities, consisting of the value of above market and below market leases and the value of in-place leases, based in each case on their respective fair values. Acquisition related expenses are expensed as incurred. The Company utilizes independent appraisals to assist in the determination of the fair values of the tangible assets of an acquired property (which includes land and building). The Company obtains an independent appraisal for each real property acquisition. The information in the appraisal, along with any additional information available to the Company’s management, is used in estimating the amount of the purchase price that is allocated to land. Other information in the appraisal, such as building value and market rents, may be used by the Company’s management in estimating the allocation of purchase price to the building and to intangible lease assets and liabilities. The appraisal firm has no involvement in management’s allocation decisions other than providing this market information.
	The fair values of above market and below market lease intangibles are recorded based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between (1) the contractual amounts to be paid pursuant to the in-place leases and (2) an estimate of fair market lease rates for the corresponding in-place leases, which is generally obtained from independent appraisals, measured over a period equal to the remaining non-cancelable term of the lease including any bargain renewal periods, with respect to a below market lease. The above market and below market lease intangibles are capitalized as intangible lease assets or liabilities, respectively. Above market leases are amortized as a reduction to rental income over the remaining terms of the respective leases. Below market leases are amortized as an increase to rental income over the remaining terms of the respective leases, including any bargain renewal periods. In considering whether or not the Company expects a tenant to execute a bargain renewal option, the Company evaluates economic factors and certain qualitative factors at the time of acquisition, such as the financial strength of the tenant, remaining lease term, the tenant mix of the leased property, the Company’s relationship with the tenant and the availability of competing tenant space. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of above market or below market lease intangibles relating to that lease would be recorded as an adjustment to rental income.
	The fair values of in-place leases include estimates of direct costs associated with obtaining a new tenant and opportunity costs associated with lost rental and other property income, which are avoided by acquiring a property with an in-place lease. Direct costs associated with obtaining a new tenant include commissions and other direct costs and are estimated in part by utilizing information obtained from independent appraisals and management’s consideration of current market costs to execute a similar lease. The intangible values of opportunity costs, which are calculated using the contractual amounts to be paid pursuant to the in-place leases over a market absorption period for a similar lease, are capitalized as intangible lease assets and are amortized to expense over the remaining term of the respective leases. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of in-place lease assets relating to that lease would be expensed.
	The Company has acquired, and may continue to acquire, certain properties subject to contingent consideration arrangements that may obligate the Company to pay additional consideration to the seller based on the outcome of future events (the “Contingent Payments”). Additionally, the Company may acquire certain properties for which it funds certain contingent consideration amounts into an escrow account pending the outcome of certain future events. The outcome may result in the release of all or a portion of the escrow funds to the Company or the seller or a combination thereof. Contingent consideration arrangements are based on a predetermined formula and have set time periods regarding the obligation to make future payments, including funds released to the seller from escrow accounts, or the right to receive escrowed funds as set forth in the respective purchase and sale agreement. Contingent consideration arrangements, including amounts funded through an escrow account, are recorded upon acquisition of the respective property at their estimated fair value, and any changes to the estimated fair value, subsequent to acquisition, are reflected in the accompanying condensed consolidated unaudited statements of operations. The determination of the amount of contingent consideration arrangements is based on the probability of several possible outcomes as identified by management. The respective amounts recorded are carried at fair value.
	The Company will estimate the fair value of assumed mortgage notes payable based upon indications of current market pricing for similar types of debt financing with similar maturities. Assumed mortgage notes payable will initially be recorded at their estimated fair value as of the assumption date, and any difference between such estimated fair value and the mortgage note’s outstanding principal balance will be amortized to interest expense over the term of the respective mortgage note payable.
	The determination of the fair values of the real estate assets and liabilities acquired requires the use of significant assumptions with regard to the current market rental rates, rental growth rates, capitalization and discount rates, interest rates and other variables. The use of alternative estimates may result in a different allocation of the Company’s purchase price, which could impact the Company’s results of operations.
	Investment in Unconsolidated Joint Ventures
	The Company accounts for unconsolidated joint venture arrangements using the equity method of accounting as the Company has the ability to exercise significant influence, but not control, over operating and financial policies of these investments. The equity method of accounting requires the investment to be initially recorded at cost and subsequently adjusted for the Company’s share of equity in the joint ventures’ earnings and distributions. The Company is required to determine whether an event or change in circumstances has occurred that may have a significant adverse effect on the fair value of its investment in the joint venture. If an event or change in circumstance has occurred, the Company is required to evaluate the joint venture for potential impairment and determine if the carrying amount of its investment exceeds its fair value. An impairment charge is recorded when an impairment is deemed to be other-than-temporary. To determine whether an impairment is other-than-temporary, the Company considers whether it has the ability and intent to hold the investment until the carrying amount is fully recovered. The evaluation of an investment in a joint venture for potential impairment requires the Company’s management to exercise significant judgment and to make certain assumptions. The use of different judgments and assumptions could result in different conclusions. No impairment indicators were identified and no impairment losses were recorded related to the Company’s unconsolidated joint venture arrangement for the nine months ended September 30, 2013. The Company did not own any interests in joint venture arrangements for the nine months ended September 30, 2012.
	Restricted Cash and Escrows
	Included in restricted cash was $3.6 million and $523,000 of escrowed investor proceeds for which shares of common stock had not been issued as of September 30, 2013 and December 31, 2012, respectively. In addition, the Company had $1.9 million held by lenders in lockbox accounts, as of September 30, 2013. As part of certain debt agreements, rents from certain encumbered properties are deposited directly into a lockbox account, from which the monthly debt service payment is disbursed to the lender and the excess is disbursed to the Company. Also included in restricted cash as of September 30, 2013 was $693,000 held by lenders in escrow accounts for real estate taxes and other lender reserves for certain properties, in accordance with the respective lender’s loan agreement. There were no amounts held by lenders as of December 31, 2012.
	Concentration of Credit Risk
	As of September 30, 2013, the Company had cash on deposit, including restricted cash, at five financial institutions, in four of which the Company had deposits in excess of federally insured levels totaling $132.5 million; however, the Company has not experienced any losses in such accounts. The Company limits significant cash deposits to accounts held by financial institutions with high credit standing; therefore, the Company believes it is not exposed to any significant credit risk on its cash deposits.
	As of September 30, 2013, no single tenant accounted for greater than 10% of the Company’s 2013 gross annualized rental revenues. The Company had certain geographic concentrations in its property holdings. In particular, as of September 30, 2013, four of the Company’s properties were located in California, eight were located in New York and 37 were located in Texas, which accounted for 16%, 11% and 10%, respectively, of the Company’s 2013 gross annualized rental revenues. In addition, the Company had tenants in the discount store and drugstore industries, which comprised 12% and 10%, respectively, of the Company’s 2013 gross annualized rental revenues.
	Offering and Related Costs
	CR IV Advisors funds all of the organization and offering costs on the Company’s behalf (excluding selling commissions and the dealer manager fees) and may be reimbursed for such costs up to 2.0% of gross proceeds from the Offering. As of September 30, 2013, CR IV Advisors had paid organization and offering costs in excess of the 2.0% in connection with the Offering. These excess costs were not included in the financial statements of the Company because such costs were not a liability of the Company as they exceeded 2.0% of gross proceeds from the Offering. As the Company raises additional proceeds from the Offering, these excess costs may become payable. When recorded by the Company, organization costs are expensed as incurred and offering costs, which include items such as legal and accounting fees, marketing and personnel, promotional and printing costs, are recorded as a reduction of capital in excess of par value along with selling commissions and dealer manager fees in the period in which they become payable.
	Derivative Instruments and Hedging Activities
	The Company accounts for its derivative instruments at fair value. Accounting for changes in the fair value of a derivative instrument depends on the intended use of the derivative instrument and the designation of the derivative instrument. The change in fair value of the effective portion of the derivative instrument that is designated as a hedge is recorded as other comprehensive income (loss). The changes in fair value for derivative instruments that are not designated as a hedge or that do not meet the hedge accounting criteria are recorded as a gain or loss to operations.
	Due to Affiliates
	Certain affiliates of CR IV Advisors received, and will continue to receive, fees, reimbursements and compensation in connection with services provided relating to the Offering and the acquisition, management, financing and leasing of the properties of the Company.
	Redeemable Common Stock
	Under the Company’s share redemption program, the Company’s requirement to redeem shares of its outstanding common stock is limited, among other things, to the net proceeds received by the Company from the sale of shares under the DRIP, net of shares redeemed to date. The Company records amounts that are redeemable under the share redemption program as redeemable common stock outside of permanent equity in the accompanying condensed consolidated unaudited balance sheets. Changes in the amount of redeemable common stock from period to period are recorded as an adjustment to capital in excess of par value.
	Recent Accounting Pronouncements
	In February 2013, the U.S. Financial Accounting Standards Board issued Accounting Standards Update, 2013-02 Comprehensive Income (Topic 220), Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (“ASU 2013-02”), which amends the reporting requirements for comprehensive income pertaining to the reclassification of items out of accumulated other comprehensive income. ASU 2013-02 was effective for the Company beginning January 1, 2013, and the Company has presented the required information within the condensed consolidated unaudited statements of comprehensive income (loss) and notes to the financial statements.

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
FAIR VALUE MEASUREMENTS	'
	FAIR VALUE MEASUREMENTS
	GAAP defines fair value, establishes a framework for measuring fair value and requires disclosures about fair value measurements. GAAP emphasizes that fair value is intended to be a market-based measurement, as opposed to a transaction-specific measurement.
	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate the fair value. Assets and liabilities are measured using inputs from three levels of the fair value hierarchy, as follows:
	Level 1 – Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. An active market is defined as a market in which transactions for the assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis.
	Level 2 – Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active (markets with few transactions), inputs other than quoted prices that are observable for the asset or liability (i.e. interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data correlation or other means (market corroborated inputs).
	Level 3 – Unobservable inputs, which are only used to the extent that observable inputs are not available, reflect the Company’s assumptions about the pricing of an asset or liability.
	The following describes the methods the Company uses to estimate the fair value of the Company’s financial assets and liabilities:
	Cash and cash equivalents and restricted cash – The Company considers the carrying values of these financial assets to approximate fair value because of the short period of time between their origination and their expected realization.
	Credit facility and notes payable – The fair value is estimated by discounting the expected cash flows based on estimated borrowing rates available to the Company as of the measurement date. As of September 30, 2013, the estimated fair value of the Company’s debt was $636.4 million compared to the carrying value of $649.9 million. The estimated fair value of the Company’s debt was $274.6 million as of December 31, 2012, which approximated the carrying value on such date. The fair value of the Company’s debt is estimated using Level 2 inputs.
	Derivative instruments – The Company’s derivative instruments represent interest rate swaps. All derivative instruments are carried at fair value and are valued using Level 2 inputs. The fair value of these instruments is determined using interest rate market pricing models. The Company includes the impact of credit valuation adjustments on derivative instruments measured at fair value.
	Contingent consideration arrangements – The contingent consideration arrangements are carried at fair value and are valued using Level 3 inputs. The fair value of the Contingent Payments is determined based on the estimated timing and probability of the seller leasing vacant space subsequent to the Company’s acquisition of certain properties. During the nine months ended September 30, 2013, the Company recorded additional obligations with an aggregate estimated fair value of $553,000 upon purchase of certain properties. The total estimated fair value of contingent consideration arrangements was $931,000 and $708,000 as of September 30, 2013 and December 31, 2012, respectively, and is included in the accompanying condensed consolidated unaudited balance sheets in deferred rental income and other liabilities. In addition, during the nine months ended September 30, 2013, the fair value of the outstanding contingent consideration arrangements decreased by $91,000, which resulted in additional income that is recorded in the accompanying consolidated statements of operations in interest expense and other, and the Company paid $239,000 to the seller as obligations under certain contingent consideration arrangements were satisfied.
	Considerable judgment is necessary to develop estimated fair values of financial assets and liabilities. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize, or be liable for, on disposition of the financial assets and liabilities. As of September 30, 2013, there have been no transfers of financial assets or liabilities between levels.
	In accordance with the fair value hierarchy described above, the following tables show the fair value of the Company’s financial liabilities that are required to be measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012 (in thousands):
		Balance as of			Quoted Prices in		Significant Other			Significant
		30-Sep-13			Active Markets for		Observable Inputs			Unobservable
					Identical Assets		(Level 2)			Inputs
					(Level 1)					(Level 3)
	Liabilities:
	Interest rate swaps	$	(4,966	)	$	—	$	(4,966	)	$	—
	Contingent consideration	(931		)	—		—			(931		)
	Total liabilities	$	(5,897	)	$	—	$	(4,966	)	$	(931	)
		Balance as of			Quoted Prices in		Significant Other			Significant
		December 31, 2012			Active  Markets for		Observable  Inputs			Unobservable
					Identical Assets		(Level 2)			Inputs
					(Level 1)					(Level 3)
	Liabilities:
	Contingent consideration	$	(708	)	$	—	$	—		$	(708	)

Real_Estate_Acquisitions

Real Estate Acquisitions	9 Months Ended
	Sep. 30, 2013
Business Combinations [Abstract]	'
REAL ESTATE ACQUISITIONS	'
	REAL ESTATE ACQUISITIONS
	2013 Property Acquisitions
	During the nine months ended September 30, 2013, the Company acquired 151 commercial properties for an aggregate purchase price of $1.1 billion (the “2013 Acquisitions”). The Company purchased the 2013 Acquisitions with net proceeds from the Offering and available borrowings. The Company allocated the purchase price of these properties to the fair value of the assets acquired and liabilities assumed. The following table summarizes the purchase price allocation (in thousands):
			September 30, 2013
	Land	$	255,347
	Building and improvements		692,429
	Acquired in-place leases		114,860
	Acquired above market leases		19,158
	Acquired below market leases		(20,078	)
	Total purchase price	$	1,061,716
	The Company recorded revenue for the three and nine months ended September 30, 2013 of $19.7 million and $32.0 million, respectively, and a net loss for the three and nine months ended September 30, 2013 of $4.3 million and $20.5 million, respectively, related to the 2013 Acquisitions.
	The following information summarizes selected financial information of the Company as if all of the 2013 Acquisitions were completed on January 1, 2012 for each period presented below. The table below presents the Company’s estimated revenue and net income, on a pro forma basis, for the three and nine months ended September 30, 2013 and 2012, respectively (in thousands):
		Three Months Ended September 30,					Nine Months Ended September 30,
		2013			2012		2013		2012
	Pro forma basis:
	Revenue	$	48,449		$	39,718	$	143,509	$	114,464
	Net income	$	23,786		$	16,163	$	81,765	$	31,664
	The pro forma information for the three and nine months ended September 30, 2013 was adjusted to exclude $10.4 million and $30.5 million, respectively, of acquisition costs recorded during such period related to the 2013 Acquisitions. These costs were recognized in the pro forma information for the nine months ended September 30, 2012. The pro forma information is presented for informational purposes only and may not be indicative of what actual results of operations would have been had the transactions occurred at the beginning of 2012, nor does it purport to represent the results of future operations.
	2013 Investment in Unconsolidated Joint Venture
	During the nine months ended September 30, 2013, the Company acquired an interest in an unconsolidated joint venture arrangement for $18.9 million (the “Unconsolidated Joint Venture”).
	2012 Property Acquisitions
	During the nine months ended September 30, 2012, the Company acquired 32 commercial properties for an aggregate purchase price of $157.0 million (the “2012 Acquisitions”). The Company purchased the 2012 Acquisitions with net proceeds from the Offering and available borrowings. The Company allocated the purchase price of these properties to the fair value of the assets acquired and liabilities assumed. The following table summarizes the purchase price allocation (in thousands):
			30-Sep-12
	Land	$	33,776
	Building and improvements		106,858
	Acquired in-place leases		18,326
	Acquired above market leases		1,090
	Acquired below market leases		(3,008	)
	Total purchase price	$	157,042
	The Company recorded revenue for the three and nine months ended September 30, 2012 of $1.8 million and $2.5 million, respectively, and a net loss for the three and nine months ended September 30, 2012 of $1.8 million and $3.4 million, respectively, related to 2012 Acquisitions.
	The following information summarizes selected financial information of the Company as if all of the 2012 Acquisitions were completed on January 1, 2011 for each period presented below. The table below presents the Company’s estimated revenue and net income (loss), on a pro forma basis, for the three and nine months ended September 30, 2012 and 2011, respectively (in thousands):
		Three Months Ended September 30,					Nine Months Ended September 30,
		2012			2011		2012		2011
	Pro forma basis:
	Revenue	$	3,053		$	3,053	$	9,099	$	9,099
	Net income (loss)	$	500		$	570	$	2,587	$	(1,787	)
	The pro forma information for the three and nine months ended September 30, 2012 was adjusted to exclude $2.6 million and $4.6 million, respectively, of acquisition costs recorded during such period related to the 2012 Acquisitions. These costs were recognized in the pro forma information for the nine months ended September 30, 2011. The pro forma information is presented for informational purposes only and may not be indicative of what actual results of operations would have been had the transactions occurred at the beginning of 2011, nor does it purport to represent the results of future operations.

Derivative_Instrument_Notes

Derivative Instrument (Notes)

9 Months Ended

Sep. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

'

Derivative Instruments and Hedging Activities

'

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

In the normal course of business, the Company uses certain types of derivative instruments for the purpose of managing or hedging its interest rate risks. The following table summarizes the terms of the Company’s executed swap agreements designated as hedging instruments as of September 30, 2013 (in thousands). The Company did not have any executed swap agreements as of December 31, 2012.

Outstanding Notional

Fair Value of Liabilities

Balance Sheet

Amount as of

Interest

Effective

Maturity

September 30,

December 31,

Location

30-Sep-13

Rates (1)

Dates

Dates

2013

2012

Interest Rate Swaps

Deferred rental income and other liabilities

$

338,737

3.71% to 4.75%

6/24/2013 to 8/23/2013

6/24/2018 to 8/24/2020

$

(4,966

)

$

—

-1

The interest rates consist of the underlying index swapped to a fixed rate and the applicable interest rate spread.

Additional disclosures related to the fair value of the Company’s derivative instruments are included in Note 3. The notional amount under the interest rate swap agreements is an indication of the extent of the Company’s involvement in each instrument, but does not represent exposure to credit, interest rate or market risks.

Accounting for changes in the fair value of a derivative instrument depends on the intended use and designation of the derivative instrument. The Company designated the interest rate swaps as cash flow hedges, to hedge the variability of the anticipated cash flows on its variable rate debt. The change in fair value of the effective portion of the derivative instruments that is designated as hedges are recorded in other comprehensive income (loss). Any ineffective portion of the change in fair value of the derivative instruments is recorded in interest expense.

The following table summarizes the unrealized losses on the Company’s derivative instruments and hedging activities for the three and nine months ended September 30, 2013 (in thousands). The Company did not own any derivative instruments for the three and nine months ended September 30, 2012.

Amount of Loss Recognized in Other

Comprehensive Loss

Three Months Ended

Nine Months Ended

Derivatives in Cash Flow Hedging Relationships

30-Sep-13

30-Sep-13

Interest Rate Swaps (1)

$

(4,629

)

$

(4,966

)

-1

There were no portions of the change in the fair value of the interest rate swap agreements that were considered

ineffective during the three and nine months ended September 30, 2013. No previously effective portions of the losses

that were recorded in accumulated other comprehensive loss during the term of the hedging relationships were

reclassified into earnings during the three and nine months ended September 30, 2013.

The Company has agreements with each of its derivative counterparties that contain a provision whereby if the Company defaults on certain of its unsecured indebtedness, then the Company could also be declared in default on its derivative obligations resulting in an acceleration of payment. In addition, the Company is exposed to credit risk in the event of non-performance by its derivative counterparties. The Company believes it mitigates its credit risk by entering into agreements with creditworthy counterparties. The Company records credit risk valuation adjustments on its interest rate swaps based on the respective credit quality of the Company and the counterparty. During the nine months ended September 30, 2013, there were no termination events or events of default related to the interest rate swaps.

Credit_Facilities_and_Notes_Pa

Credit Facilities and Notes Payable	9 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]	'
CREDIT FACILITY AND NOTES PAYABLE	'
	CREDIT FACILITY AND NOTES PAYABLE
	As of September 30, 2013, the Company had $649.9 million of debt outstanding, with a weighted average years to maturity of 7.1 years and weighted average interest rate of 3.8%. The following table summarizes the debt balances as of September 30, 2013 and December 31, 2012 and the debt activity for the nine months ended September 30, 2013 (in thousands):
		Balance as of		During the Nine Months Ended September 30, 2013					Balance as of
		31-Dec-12		Debt Issuance		Repayments			30-Sep-13
	Fixed rate debt	$	75,000	$	274,946	$	—		$	349,946
	Credit facility	136,868		438,705		(275,573		)	300,000
	Bridge facility	62,726		210,191		(272,917		)	—
	Total	$	274,594	$	923,842	$	(548,490	)	$	649,946
	As of September 30, 2013, the fixed rate debt outstanding of $349.9 million included $38.7 million of variable rate debt subject to interest rate swap agreements, which had the effect of fixing the variable interest rates per annum through the maturity date of the variable rate debt. The fixed rate debt has interest rates ranging from 3.35% to 4.75% per annum. The debt outstanding matures on various dates from June 2018 through September 2023. The aggregate balance of gross real estate assets, net of gross intangible lease liabilities, securing the fixed rate debt outstanding was $597.0 million as of September 30, 2013. Each of the mortgage notes payable, comprising the fixed rate debt, is secured by the respective properties on which the debt was placed.
	During the nine months ended September 30, 2013, the Company entered into an amended and restated unsecured credit agreement (the “Amended and Restated Credit Agreement”), which increased available borrowings, extended the term and decreased the interest rates associated with the Company’s original credit agreement. As of September 30, 2013, the Company had $300.0 million outstanding under the amended and restated unsecured credit facility (the “Credit Facility”) and $270.7 million available for borrowing based on the underlying collateral pool of $877.9 million. The Credit Facility provides borrowings of up to $900.0 million, which includes a $300.0 million unsecured term loan (the “Term Loan”) and up to $600.0 million in unsecured revolving loans (the “Revolving Loans”). The Credit Facility may be increased up to a maximum of $1.25 billion. The Term Loan matures on August 15, 2018 and the Revolving Loans mature on August 15, 2017; however, the Company may elect to extend the maturity date for the Revolving Loans to August 15, 2018 subject to satisfying certain conditions set forth in the Amended and Restated Credit Agreement. Depending upon the type of loan specified and overall leverage ratio, not to exceed 65% (or 60% on or subsequent to August 15, 2014), the Revolving Loans bear interest at one-month, two-month, three-month or six-month LIBOR multiplied by the statutory reserve rate (the “Eurodollar Rate”) plus an interest rate spread ranging from 1.65% to 2.50% or a base rate, ranging from 0.65% to 1.50%, plus the greater of (a) JPMorgan Chase’s Prime Rate; (b) the Federal Funds Effective Rate (as defined in the Amended and Restated Credit Agreement) plus 0.50%; or (c) the Eurodollar Rate plus 1.00%. The Company executed a swap agreement associated with the Term Loan, which fixed the variable interest rates per annum through the maturity date of the Term Loan at 3.71% based on the applicable margin at the current leverage ratio. There were no amounts outstanding under the Revolving Loans as of September 30, 2013.
	Concurrently with entry into the Amended and Restated Credit Agreement, the unsecured bridge facility (the “Bridge Facility”) was terminated and no amounts were outstanding under the Bridge Facility as of September 30, 2013.
	The Amended and Restated Credit Agreement and the fixed rate debt contain customary representations, warranties, borrowing conditions and affirmative, negative and financial covenants, including minimum net worth, debt service coverage and leverage ratio requirements and dividend payout and REIT status requirements. The Amended and Restated Credit Agreement also includes usual and customary events of default and remedies for facilities of this nature. Based on the Company’s analysis and review of its results of operations and financial condition, the Company believes it was in compliance with such covenants as of September 30, 2013.
	In addition, the Company had a $10.0 million subordinate revolving line of credit with Series C, LLC, an affiliate of CR IV Advisors (“Series C”), (the “Series C Loan”) that matured on April 12, 2013. The Series C Loan had a fixed interest rate of 4.50%. The Series C Loan was approved by a majority of the directors (including a majority of the independent directors) not otherwise interested in the transaction as being fair, competitive and commercially reasonable and no less favorable to the Company than a comparable loan between unaffiliated parties under the same circumstances. Upon maturity, there were no amounts outstanding on the Series C Loan.

Supplemental_Cash_Flow_Disclos

Supplemental Cash Flow Disclosures	9 Months Ended
	Sep. 30, 2013
Supplemental Cash Flow Elements [Abstract]	'
SUPPLEMENTAL CASH FLOW DISCLOSURES	'
	SUPPLEMENTAL CASH FLOW DISCLOSURES
	Supplemental cash flow disclosures for the nine months ended September 30, 2013 and 2012 are as follows (in thousands):
		Nine Months Ended September 30,
		2013			2012
	Supplemental Disclosures of Non-Cash Investing and Financing Activities:
	Distributions declared and unpaid	$	6,002		$	691
	Accrued other offering costs due to affiliates	$	4,040		$	—
	Accrued capital expenditures	$	1,928		$	—
	Accrued deferred financing costs	$	16		$	—
	Common stock issued through distribution reinvestment plan	$	13,402		$	539
	Net unrealized loss on interest rate swaps	$	(4,966	)	$	—
	Contingent consideration recorded upon property acquisitions	$	553		$	—
	Fair value of assumed bond obligations	$	—		$	591
	Supplemental Cash Flow Disclosures:
	Interest paid	$	10,950		$	312

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	COMMITMENTS AND CONTINGENCIES
	Litigation
	In the ordinary course of business, the Company may become subject to litigation or claims. The Company is not aware of any pending legal proceedings of which the outcome is reasonably possible to have a material effect on its results of operations, financial condition or liquidity.
	Purchase Commitments
	As of September 30, 2013, the Company had entered into purchase agreements with unaffiliated third-party sellers to acquire a 100% interest in 52 retail properties, subject to meeting certain criteria, for an aggregate purchase price of $172.7 million, exclusive of closing costs. As of September 30, 2013, the Company had $6.9 million of property escrow deposits held by escrow agents in connection with these future property acquisitions, of which $4.0 million will be forfeited if the transactions are not completed under certain circumstances. In connection with one of these purchase agreements, the Company is contractually required to purchase 25 properties. As of September 30, 2013, the Company had purchased one of these properties and expects to purchase the remaining 24 properties. If the remaining 24 properties are not purchased, the Company will be obligated to pay the seller $10.0 million. These deposits are included in the accompanying condensed consolidated unaudited balance sheets in property escrow deposits, prepaid expenses and other assets. As of November 8, 2013, none of these escrow deposits had been forfeited.
	Environmental Matters
	In connection with the ownership and operation of real estate, the Company potentially may be liable for costs and damages related to environmental matters. The Company owns certain properties that are subject to environmental remediation. In each case, the seller of the property, the tenant of the property and/or another third party has been identified as the responsible party for environmental remediation costs related to the respective property. Additionally, in connection with the purchase of certain of the properties, the respective sellers and/or tenants have indemnified the Company against future remediation costs. In addition, the Company carries environmental liability insurance on its properties that provides limited coverage for remediation liability and pollution liability for third-party bodily injury and property damage claims. Accordingly, the Company does not believe that it is reasonably possible that the environmental matters identified at such properties will have a material effect on its results of operations, financial condition or liquidity, nor is it aware of any environmental matters at other properties which it believes are reasonably possible to have a material effect on its results of operations, financial condition or liquidity.

RelatedParty_Transactions_and_

Related-Party Transactions and Arrangements	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS	'
	RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS
	The Company has incurred, and will continue to incur, commissions, fees and expenses payable to CR IV Advisors and certain of its affiliates in connection with the Offering, and the acquisition, management and disposition of its assets.
	Offering
	In connection with the Offering, Cole Capital Corporation (“CCC”), the Company’s dealer manager and a subsidiary of Cole, which is affiliated with CR IV Advisors, receives a selling commission of up to 7.0% of gross offering proceeds before reallowance of commissions earned by participating broker-dealers. CCC has reallowed and intends to continue to reallow 100% of selling commissions earned to participating broker-dealers. In addition, CCC receives up to 2.0% of gross offering proceeds before reallowance to participating broker-dealers as a dealer manager fee in connection with the Offering. CCC, in its sole discretion, may reallow all or a portion of its dealer manager fee to such participating broker-dealers. No selling commissions or dealer manager fees are paid to CCC or other broker-dealers with respect to shares sold pursuant to the DRIP.
	All other organization and offering expenses associated with the sale of the Company’s common stock (excluding selling commissions and the dealer manager fees) are paid by CR IV Advisors or its affiliates and are reimbursed by the Company up to 2.0% of aggregate gross offering proceeds. A portion of the other organization and offering expenses are considered to be underwriting compensation. As of September 30, 2013, CR IV Advisors had paid organization and offering costs in excess of the 2.0% in connection with the Offering. These excess costs were not included in the financial statements of the Company because such costs were not a liability of the Company as they exceeded 2.0% of gross proceeds from the Offering. As the Company raises additional proceeds from the Offering, these excess costs may become payable.
	The Company incurred commissions, fees and expense reimbursements as shown in the table below for services provided by CR IV Advisors or its affiliates related to the services described above during the periods indicated (in thousands):
		Three Months Ended September 30,				Nine Months Ended September 30,
		2013		2012		2013		2012
	Offering:
	Selling commissions	$	40,559	$	7,382	$	65,823	$	10,362
	Selling commissions reallowed by CCC	$	40,559	$	7,382	$	65,823	$	10,362
	Dealer manager fees	$	11,724	$	2,155	$	19,100	$	3,060
	Dealer manager fees reallowed by CCC	$	6,552	$	1,282	$	10,602	$	1,560
	Other organization and offering expenses	$	11,827	$	2,164	$	19,336	$	3,070
	The Company did not incur any commissions, fees or expense reimbursements in connection with the offering stage until April 13, 2012, when the Company commenced principal operations.
	Acquisitions and Operations
	CR IV Advisors or its affiliates also receive acquisition fees of up to 2.0% of: (1) the contract purchase price of each property or asset the Company acquires; (2) the amount paid in respect of the development, construction or improvement of each asset the Company acquires; (3) the purchase price of any loan the Company acquires; and (4) the principal amount of any loan the Company originates. Additionally, CR IV Advisors or its affiliates are reimbursed for acquisition related expenses incurred in the process of acquiring properties, so long as the total acquisition fees and expenses relating to the transaction do not exceed 6.0% of the contract purchase price.
	The Company pays CR IV Advisors a monthly advisory fee based upon the Company’s monthly average invested assets, which is equal to the following amounts: (1) an annualized rate of 0.75% will be paid on the Company’s average invested assets that are between $0 to $2.0 billion; (2) an annualized rate of 0.70% will be paid on the Company’s average invested assets that are between $2.0 billion to $4.0 billion; and (3) an annualized rate of 0.65% will be paid on the Company’s average invested assets that are over $4.0 billion.
	The Company reimburses CR IV Advisors for the expenses it paid or incurred in connection with the services provided to the Company, subject to the limitation that the Company will not reimburse for any amount by which its operating expenses (including the advisory fee) at the end of the four preceding fiscal quarters exceeds the greater of: (1) 2.0% of average invested assets, or (2) 25.0% of net income other than any additions to reserves for depreciation, bad debts or other similar non-cash reserves and excluding any gain from the sale of assets for that period. The Company will not reimburse for personnel costs in connection with services for which CR IV Advisors receives acquisition fees.
	The Company recorded fees and expense reimbursements as shown in the table below for services provided by CR IV Advisors or its affiliates related to the services described above during the periods indicated (in thousands):
		Three Months Ended September 30,				Nine Months Ended September 30,
		2013		2012		2013		2012
	Acquisition and Operations:
	Acquisition fees and expenses	$	7,300	$	1,881	$	22,267	$	3,184
	Advisory fees and expenses	$	3,067	$	207	$	6,357	$	297
	Operating expenses	$	992	$	80	$	1,843	$	136
	The Company commenced principal operations on April 13, 2012 and CR IV Advisors agreed to waive advisory fees and expense reimbursements for the first two months of operations.
	Liquidation/Listing
	If CR IV Advisors or its affiliates provide a substantial amount of services (as determined by a majority of the Company’s independent directors) in connection with the sale of properties, the Company will pay CR IV Advisors or its affiliate a disposition fee in an amount equal to up to one-half of the brokerage commission paid on the sale of the property, not to exceed 1.0% of the contract price of the property sold; provided, however, in no event may the disposition fee paid to CR IV Advisors or its affiliates, when added to the real estate commissions paid to unaffiliated third parties, exceed the lesser of the customary competitive real estate commission or an amount equal to 6.0% of the contract sales price.
	If the Company is sold or its assets are liquidated, CR IV Advisors will be entitled to receive a subordinated performance fee equal to 15.0% of the net sale proceeds remaining after investors have received a return of their net capital invested and an 8.0% annual cumulative, non-compounded return. Alternatively, if the Company’s shares are listed on a national securities exchange, CR IV Advisors will be entitled to a subordinated performance fee equal to 15.0% of the amount by which the market value of the Company’s outstanding stock plus all distributions paid by the Company prior to listing exceeds the sum of the total amount of capital raised from investors and the amount of distributions necessary to generate an 8.0% annual cumulative, non-compounded return to investors. As an additional alternative, upon termination of the advisory agreement, CR IV Advisors may be entitled to a subordinated performance fee similar to that to which CR IV Advisors would have been entitled had the portfolio been liquidated (based on an independent appraised value of the portfolio) on the date of termination.
	During each of the nine months ended September 30, 2013 and 2012, no commissions or fees were incurred for any services provided by CR IV Advisors and its affiliates in connection with the liquidation/listing stage.
	Due to Affiliates
	As of September 30, 2013, $4.6 million had been incurred primarily for offering, operating and acquisition related expenses by CR IV Advisors or its affiliates, but had not yet been reimbursed by the Company and were included in due to affiliates in the condensed consolidated unaudited balance sheets.
	Transactions
	During the nine months ended September 30, 2013, the Company did not acquire any properties from or enter into any loan agreements with affiliates of CR IV Advisors. During the year ended December 31, 2012, the Company acquired 100% of the membership interests in two commercial properties from Series C for an aggregate purchase price of $4.3 million. A majority of the Company’s board of directors (including a majority of the Company’s independent directors) not otherwise interested in the transactions approved the acquisitions as being fair and reasonable to the Company and determined that the cost to the Company of each property was equal to the cost of the respective property to Series C (including acquisition related expenses). In addition, the purchase price of each property, exclusive of closing costs, was less than the then-current appraised value of the respective property as determined by an independent third party appraiser.
	In connection with the real estate assets acquired from Series C during the year ended December 31, 2012, the Company entered into the Series C Loan. Refer to Note 6 for the terms of the Series C Loan. The Series C Loan was repaid in full during the year ended December 31, 2012 with proceeds from the Offering. The Company paid $39,000 of interest to CR IV Advisors related to the Series C Loan during the year ended December 31, 2012.

Economic_Dependency

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

Subsequent_Events

Subsequent Events	9 Months Ended
	Sep. 30, 2013
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	SUBSEQUENT EVENTS
	Status of the Offering
	Subsequent to September 30, 2013 through November 8, 2013, the Company received $357.7 million in gross offering proceeds through the issuance of approximately 35.9 million shares of its common stock in the Offering (including shares issued pursuant to the DRIP). As of November 8, 2013, the Company had received $1.6 billion in gross offering proceeds through the issuance of approximately 162.7 million shares of its common stock in the Offering (including shares issued pursuant to the DRIP).
	Credit Facility
	As of November 8, 2013, the Company had $300.0 million outstanding under the Credit Facility.
	Investment in Real Estate Assets
	Subsequent to September 30, 2013 through November 8, 2013, the Company acquired 30 commercial real estate properties for an aggregate purchase price of $126.3 million. The acquisitions were funded with net proceeds of the Offering and available borrowings. Acquisition related expenses totaling $3.4 million were expensed as incurred.
	Cole/ARCP Merger Agreement
	On October 22, 2013, Cole entered into the Merger Agreement with ARCP and Merger Sub. The Merger Agreement provides for the merger of Cole with and into Merger Sub (the “Merger”), with Merger Sub surviving as a direct wholly-owned subsidiary of ARCP. Cole indirectly owns and/or controls CR IV Advisors and CCC as well as CREI Advisors, LLC and Cole Capital™, the Company’s property manager and sponsor, respectively. The completion of the Merger is subject to various conditions.
	Despite the indirect change of control that would occur for the Company’s advisor, dealer manager, property manager and sponsor upon consummation of the Merger, such entities are expected to continue to serve in their respective capacities to the Company following the Merger.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Basis of presentation	'
	The condensed consolidated unaudited financial statements of the Company have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”) regarding interim financial reporting, including the instructions to Form 10-Q and Article 10 of Regulation S-X, and do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. In the opinion of management, the statements for the interim periods presented include all adjustments, which are of a normal and recurring nature, necessary for a fair presentation of the results for such periods. Results for these interim periods are not necessarily indicative of full year results. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with the Company’s audited consolidated financial statements as of and for the year ended December 31, 2012, and related notes thereto set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. The condensed consolidated unaudited financial statements should also be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations contained in this Quarterly Report on Form 10-Q.
Principles of consolidation	'
	The condensed consolidated unaudited financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
	The Company evaluates its relationships and investments to determine if it has variable interests. A variable interest is an investment or other interest that will absorb portions of an entity’s expected losses or receive portions of the entity’s expected residual returns.  If the Company determines that it has a variable interest in an entity, it evaluates whether such interest is in a variable interest entity (“VIE”). A VIE is broadly defined as an entity where either (1) the equity investors as a group, if any, lack the power through voting or similar rights to direct the activities of an entity that most significantly impact the entity’s economic performance or (2) the equity investment at risk is insufficient to finance that entity’s activities without additional subordinated financial support. The Company consolidates any VIEs when it is determined to be the primary beneficiary of the VIE’s operations.
	A variable interest holder is considered to be the primary beneficiary of a VIE if it has the power to direct the activities of a VIE that most significantly impact the entity’s economic performance and has the obligation to absorb losses of, or the right to receive benefits from, the entity that could potentially be significant to the VIE. The Company qualitatively assesses whether it is (or is not) the primary beneficiary of a VIE. Consideration of various factors include, but are not limited to, the Company’s ability to direct the activities that most significantly impact the entity’s economic performance, its form of ownership interest, its representation on the entity’s governing body, the size and seniority of its investment, its ability and the rights of other investors to participate in policy making decisions and to replace the manager of and/or liquidate the entity.
	The Company continually evaluates the need to consolidate its joint venture arrangement based on standards set forth in GAAP. In determining whether the Company has a controlling interest in a joint venture arrangement and the requirement to consolidate the accounts of that entity, management considers factors such as ownership interest, power to make decisions and contractual and substantive participating rights of the partners/members as well as whether the entity is a VIE for which the Company may be the primary beneficiary. As of September 30, 2013, the Company is not required to consolidate its joint venture arrangement as the joint venture entity does not qualify as a VIE and the Company does not meet the control requirement for consolidation.
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 revenues and expenses during the reporting period. Actual results could differ from those estimates.
Investment in and valuation of real estate assets	'
	Investment in and Valuation of Real Estate Assets
	Real estate assets are stated at cost, less accumulated depreciation and amortization. Amounts capitalized to real estate assets consist of the cost of acquisition, excluding acquisition related expenses, construction and any tenant improvements, major improvements and betterments that extend the useful life of the real estate assets and leasing costs. All repairs and maintenance are expensed as incurred.
	The Company is required to make subjective assessments as to the useful lives of its depreciable assets. The Company considers the period of future benefit of each respective asset to determine the appropriate useful life of the assets. Real estate assets, other than land, are depreciated or amortized on a straight-line basis. The estimated useful lives of the Company’s real estate assets by class are generally as follows:
	Buildings	40 years
	Tenant improvements	Lesser of useful life or lease term
	Intangible lease assets	Lease term
	The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of its real estate assets may not be recoverable. Impairment indicators that the Company considers include, but are not limited to, bankruptcy or other credit concerns of a property’s major tenant, such as a history of late payments, rental concessions and other factors, a significant decrease in a property’s revenues due to lease terminations, vacancies, co-tenancy clauses, reduced lease rates or other circumstances. When indicators of potential impairment are present, the Company assesses the recoverability of the assets by determining whether the carrying amount of the assets will be recovered through the undiscounted future cash flows expected from the use of the assets and their eventual disposition. In the event that such expected undiscounted future cash flows do not exceed the carrying amount, the Company will adjust the real estate assets to their respective fair values and recognize an impairment loss. Generally, fair value is determined using a discounted cash flow analysis and recent comparable sales transactions. No impairment indicators were identified and no impairment losses were recorded during the nine months ended September 30, 2013 and 2012.
	When developing estimates of expected future cash flows, the Company makes certain assumptions regarding future market rental income amounts subsequent to the expiration of current lease agreements, property operating expenses, terminal capitalization and discount rates, the expected number of months it takes to re-lease the property, required tenant improvements and the number of years the property will be held for investment. The use of alternative assumptions in estimating expected future cash flows could result in a different determination of the property’s expected future cash flows and a different conclusion regarding the existence of an impairment, the extent of such loss, if any, as well as the fair value of the real estate assets.
	When a real estate asset is identified by the Company as held for sale, the Company will cease depreciation and amortization of the assets related to the property and estimate the fair value, net of selling costs. If, in management’s opinion, the fair value, net of selling costs, of the asset is less than the carrying amount of the asset, an adjustment to the carrying amount would be recorded to reflect the estimated fair value of the property, net of selling costs. There were no assets identified as held for sale as of September 30, 2013 or December 31, 2012.
Allocation of purchase price of real estate assets	'
	Allocation of Purchase Price of Real Estate Assets
	Upon the acquisition of real properties, the Company allocates the purchase price to acquired tangible assets, consisting of land, buildings and improvements, and identified intangible assets and liabilities, consisting of the value of above market and below market leases and the value of in-place leases, based in each case on their respective fair values. Acquisition related expenses are expensed as incurred. The Company utilizes independent appraisals to assist in the determination of the fair values of the tangible assets of an acquired property (which includes land and building). The Company obtains an independent appraisal for each real property acquisition. The information in the appraisal, along with any additional information available to the Company’s management, is used in estimating the amount of the purchase price that is allocated to land. Other information in the appraisal, such as building value and market rents, may be used by the Company’s management in estimating the allocation of purchase price to the building and to intangible lease assets and liabilities. The appraisal firm has no involvement in management’s allocation decisions other than providing this market information.
	The fair values of above market and below market lease intangibles are recorded based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between (1) the contractual amounts to be paid pursuant to the in-place leases and (2) an estimate of fair market lease rates for the corresponding in-place leases, which is generally obtained from independent appraisals, measured over a period equal to the remaining non-cancelable term of the lease including any bargain renewal periods, with respect to a below market lease. The above market and below market lease intangibles are capitalized as intangible lease assets or liabilities, respectively. Above market leases are amortized as a reduction to rental income over the remaining terms of the respective leases. Below market leases are amortized as an increase to rental income over the remaining terms of the respective leases, including any bargain renewal periods. In considering whether or not the Company expects a tenant to execute a bargain renewal option, the Company evaluates economic factors and certain qualitative factors at the time of acquisition, such as the financial strength of the tenant, remaining lease term, the tenant mix of the leased property, the Company’s relationship with the tenant and the availability of competing tenant space. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of above market or below market lease intangibles relating to that lease would be recorded as an adjustment to rental income.
	The fair values of in-place leases include estimates of direct costs associated with obtaining a new tenant and opportunity costs associated with lost rental and other property income, which are avoided by acquiring a property with an in-place lease. Direct costs associated with obtaining a new tenant include commissions and other direct costs and are estimated in part by utilizing information obtained from independent appraisals and management’s consideration of current market costs to execute a similar lease. The intangible values of opportunity costs, which are calculated using the contractual amounts to be paid pursuant to the in-place leases over a market absorption period for a similar lease, are capitalized as intangible lease assets and are amortized to expense over the remaining term of the respective leases. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of in-place lease assets relating to that lease would be expensed.
	The Company has acquired, and may continue to acquire, certain properties subject to contingent consideration arrangements that may obligate the Company to pay additional consideration to the seller based on the outcome of future events (the “Contingent Payments”). Additionally, the Company may acquire certain properties for which it funds certain contingent consideration amounts into an escrow account pending the outcome of certain future events. The outcome may result in the release of all or a portion of the escrow funds to the Company or the seller or a combination thereof. Contingent consideration arrangements are based on a predetermined formula and have set time periods regarding the obligation to make future payments, including funds released to the seller from escrow accounts, or the right to receive escrowed funds as set forth in the respective purchase and sale agreement. Contingent consideration arrangements, including amounts funded through an escrow account, are recorded upon acquisition of the respective property at their estimated fair value, and any changes to the estimated fair value, subsequent to acquisition, are reflected in the accompanying condensed consolidated unaudited statements of operations. The determination of the amount of contingent consideration arrangements is based on the probability of several possible outcomes as identified by management. The respective amounts recorded are carried at fair value.
	The Company will estimate the fair value of assumed mortgage notes payable based upon indications of current market pricing for similar types of debt financing with similar maturities. Assumed mortgage notes payable will initially be recorded at their estimated fair value as of the assumption date, and any difference between such estimated fair value and the mortgage note’s outstanding principal balance will be amortized to interest expense over the term of the respective mortgage note payable.
	The determination of the fair values of the real estate assets and liabilities acquired requires the use of significant assumptions with regard to the current market rental rates, rental growth rates, capitalization and discount rates, interest rates and other variables. The use of alternative estimates may result in a different allocation of the Company’s purchase price, which could impact the Company’s results of operations.
Investment in unconsolidated joint ventures	'
	Investment in Unconsolidated Joint Ventures
	The Company accounts for unconsolidated joint venture arrangements using the equity method of accounting as the Company has the ability to exercise significant influence, but not control, over operating and financial policies of these investments. The equity method of accounting requires the investment to be initially recorded at cost and subsequently adjusted for the Company’s share of equity in the joint ventures’ earnings and distributions. The Company is required to determine whether an event or change in circumstances has occurred that may have a significant adverse effect on the fair value of its investment in the joint venture. If an event or change in circumstance has occurred, the Company is required to evaluate the joint venture for potential impairment and determine if the carrying amount of its investment exceeds its fair value. An impairment charge is recorded when an impairment is deemed to be other-than-temporary. To determine whether an impairment is other-than-temporary, the Company considers whether it has the ability and intent to hold the investment until the carrying amount is fully recovered. The evaluation of an investment in a joint venture for potential impairment requires the Company’s management to exercise significant judgment and to make certain assumptions. The use of different judgments and assumptions could result in different conclusions. No impairment indicators were identified and no impairment losses were recorded related to the Company’s unconsolidated joint venture arrangement for the nine months ended September 30, 2013. The Company did not own any interests in joint venture arrangements for the nine months ended September 30, 2012.
Restricted cash and escrows	'
	Restricted Cash and Escrows
	Included in restricted cash was $3.6 million and $523,000 of escrowed investor proceeds for which shares of common stock had not been issued as of September 30, 2013 and December 31, 2012, respectively. In addition, the Company had $1.9 million held by lenders in lockbox accounts, as of September 30, 2013. As part of certain debt agreements, rents from certain encumbered properties are deposited directly into a lockbox account, from which the monthly debt service payment is disbursed to the lender and the excess is disbursed to the Company. Also included in restricted cash as of September 30, 2013 was $693,000 held by lenders in escrow accounts for real estate taxes and other lender reserves for certain properties, in accordance with the respective lender’s loan agreement. There were no amounts held by lenders as of December 31, 2012.
Concentration of credit risk	'
	Concentration of Credit Risk
	As of September 30, 2013, the Company had cash on deposit, including restricted cash, at five financial institutions, in four of which the Company had deposits in excess of federally insured levels totaling $132.5 million; however, the Company has not experienced any losses in such accounts. The Company limits significant cash deposits to accounts held by financial institutions with high credit standing; therefore, the Company believes it is not exposed to any significant credit risk on its cash deposits.
	As of September 30, 2013, no single tenant accounted for greater than 10% of the Company’s 2013 gross annualized rental revenues. The Company had certain geographic concentrations in its property holdings. In particular, as of September 30, 2013, four of the Company’s properties were located in California, eight were located in New York and 37 were located in Texas, which accounted for 16%, 11% and 10%, respectively, of the Company’s 2013 gross annualized rental revenues. In addition, the Company had tenants in the discount store and drugstore industries, which comprised 12% and 10%, respectively, of the Company’s 2013 gross annualized rental revenues.
Offering and related costs	'
	Offering and Related Costs
	CR IV Advisors funds all of the organization and offering costs on the Company’s behalf (excluding selling commissions and the dealer manager fees) and may be reimbursed for such costs up to 2.0% of gross proceeds from the Offering. As of September 30, 2013, CR IV Advisors had paid organization and offering costs in excess of the 2.0% in connection with the Offering. These excess costs were not included in the financial statements of the Company because such costs were not a liability of the Company as they exceeded 2.0% of gross proceeds from the Offering. As the Company raises additional proceeds from the Offering, these excess costs may become payable. When recorded by the Company, organization costs are expensed as incurred and offering costs, which include items such as legal and accounting fees, marketing and personnel, promotional and printing costs, are recorded as a reduction of capital in excess of par value along with selling commissions and dealer manager fees in the period in which they become payable.
Derivatives instruments and hedging activities	'
	Derivative Instruments and Hedging Activities
	The Company accounts for its derivative instruments at fair value. Accounting for changes in the fair value of a derivative instrument depends on the intended use of the derivative instrument and the designation of the derivative instrument. The change in fair value of the effective portion of the derivative instrument that is designated as a hedge is recorded as other comprehensive income (loss). The changes in fair value for derivative instruments that are not designated as a hedge or that do not meet the hedge accounting criteria are recorded as a gain or loss to operations.
Due to affiliates	'
	Due to Affiliates
	Certain affiliates of CR IV Advisors received, and will continue to receive, fees, reimbursements and compensation in connection with services provided relating to the Offering and the acquisition, management, financing and leasing of the properties of the Company.
Redeemable common stock	'
	Redeemable Common Stock
	Under the Company’s share redemption program, the Company’s requirement to redeem shares of its outstanding common stock is limited, among other things, to the net proceeds received by the Company from the sale of shares under the DRIP, net of shares redeemed to date. The Company records amounts that are redeemable under the share redemption program as redeemable common stock outside of permanent equity in the accompanying condensed consolidated unaudited balance sheets. Changes in the amount of redeemable common stock from period to period are recorded as an adjustment to capital in excess of par value.
Recent accounting pronouncements	'
	Recent Accounting Pronouncements
	In February 2013, the U.S. Financial Accounting Standards Board issued Accounting Standards Update, 2013-02 Comprehensive Income (Topic 220), Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (“ASU 2013-02”), which amends the reporting requirements for comprehensive income pertaining to the reclassification of items out of accumulated other comprehensive income. ASU 2013-02 was effective for the Company beginning January 1, 2013, and the Company has presented the required information within the condensed consolidated unaudited statements of comprehensive income (loss) and notes to the financial statements.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Investment in and valuation of real estate and related assets	'
	Real estate assets, other than land, are depreciated or amortized on a straight-line basis. The estimated useful lives of the Company’s real estate assets by class are generally as follows:
	Buildings	40 years
	Tenant improvements	Lesser of useful life or lease term
	Intangible lease assets	Lease term

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
Schedule of fair value, assets and liabilities measured on recurring basis	'
	In accordance with the fair value hierarchy described above, the following tables show the fair value of the Company’s financial liabilities that are required to be measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012 (in thousands):
		Balance as of			Quoted Prices in		Significant Other			Significant
		30-Sep-13			Active Markets for		Observable Inputs			Unobservable
					Identical Assets		(Level 2)			Inputs
					(Level 1)					(Level 3)
	Liabilities:
	Interest rate swaps	$	(4,966	)	$	—	$	(4,966	)	$	—
	Contingent consideration	(931		)	—		—			(931		)
	Total liabilities	$	(5,897	)	$	—	$	(4,966	)	$	(931	)
		Balance as of			Quoted Prices in		Significant Other			Significant
		December 31, 2012			Active  Markets for		Observable  Inputs			Unobservable
					Identical Assets		(Level 2)			Inputs
					(Level 1)					(Level 3)
	Liabilities:
	Contingent consideration	$	(708	)	$	—	$	—		$	(708	)

Real_Estate_Acquisitions_Table

Real Estate Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2013
Business Combinations [Abstract]	'
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	'
	The following table summarizes the purchase price allocation (in thousands):
			30-Sep-12
	Land	$	33,776
	Building and improvements		106,858
	Acquired in-place leases		18,326
	Acquired above market leases		1,090
	Acquired below market leases		(3,008	)
	Total purchase price	$	157,042
	The following table summarizes the purchase price allocation (in thousands):
			September 30, 2013
	Land	$	255,347
	Building and improvements		692,429
	Acquired in-place leases		114,860
	Acquired above market leases		19,158
	Acquired below market leases		(20,078	)
	Total purchase price	$	1,061,716
Business acquisition, pro forma information	'
	The table below presents the Company’s estimated revenue and net income, on a pro forma basis, for the three and nine months ended September 30, 2013 and 2012, respectively (in thousands):
		Three Months Ended September 30,					Nine Months Ended September 30,
		2013			2012		2013		2012
	Pro forma basis:
	Revenue	$	48,449		$	39,718	$	143,509	$	114,464
	Net income	$	23,786		$	16,163	$	81,765	$	31,664
	The table below presents the Company’s estimated revenue and net income (loss), on a pro forma basis, for the three and nine months ended September 30, 2012 and 2011, respectively (in thousands):
		Three Months Ended September 30,					Nine Months Ended September 30,
		2012			2011		2012		2011
	Pro forma basis:
	Revenue	$	3,053		$	3,053	$	9,099	$	9,099
	Net income (loss)	$	500		$	570	$	2,587	$	(1,787	)

Derivative_Instrument_Tables

Derivative Instrument (Tables)

9 Months Ended

Sep. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

'

Schedule of derivative instruments

'

The Company did not have any executed swap agreements as of December 31, 2012.

Outstanding Notional

Fair Value of Liabilities

Balance Sheet

Amount as of

Interest

Effective

Maturity

September 30,

December 31,

Location

30-Sep-13

Rates (1)

Dates

Dates

2013

2012

Interest Rate Swaps

Deferred rental income and other liabilities

$

338,737

3.71% to 4.75%

6/24/2013 to 8/23/2013

6/24/2018 to 8/24/2020

$

(4,966

)

$

—

-1

The interest rates consist of the underlying index swapped to a fixed rate and the applicable interest rate spread.

Schedule of derivative instruments, gain (loss) in statement of financial performance

'

The following table summarizes the unrealized losses on the Company’s derivative instruments and hedging activities for the three and nine months ended September 30, 2013 (in thousands). The Company did not own any derivative instruments for the three and nine months ended September 30, 2012.

Amount of Loss Recognized in Other

Comprehensive Loss

Three Months Ended

Nine Months Ended

Derivatives in Cash Flow Hedging Relationships

30-Sep-13

30-Sep-13

Interest Rate Swaps (1)

$

(4,629

)

$

(4,966

)

-1

There were no portions of the change in the fair value of the interest rate swap agreements that were considered

ineffective during the three and nine months ended September 30, 2013. No previously effective portions of the losses

that were recorded in accumulated other comprehensive loss during the term of the hedging relationships were

reclassified into earnings during the three and nine months ended September 30, 2013.

Credit_Facilities_and_Notes_Pa1

Credit Facilities and Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]	'
Schedule of debt	'
	The following table summarizes the debt balances as of September 30, 2013 and December 31, 2012 and the debt activity for the nine months ended September 30, 2013 (in thousands):
		Balance as of		During the Nine Months Ended September 30, 2013					Balance as of
		31-Dec-12		Debt Issuance		Repayments			30-Sep-13
	Fixed rate debt	$	75,000	$	274,946	$	—		$	349,946
	Credit facility	136,868		438,705		(275,573		)	300,000
	Bridge facility	62,726		210,191		(272,917		)	—
	Total	$	274,594	$	923,842	$	(548,490	)	$	649,946

Supplemental_Cash_Flow_Disclos1

Supplemental Cash Flow Disclosures (Tables)	9 Months Ended
	Sep. 30, 2013
Supplemental Cash Flow Elements [Abstract]	'
Schedule of cash flow, supplemental disclosures	'
	Supplemental cash flow disclosures for the nine months ended September 30, 2013 and 2012 are as follows (in thousands):
		Nine Months Ended September 30,
		2013			2012
	Supplemental Disclosures of Non-Cash Investing and Financing Activities:
	Distributions declared and unpaid	$	6,002		$	691
	Accrued other offering costs due to affiliates	$	4,040		$	—
	Accrued capital expenditures	$	1,928		$	—
	Accrued deferred financing costs	$	16		$	—
	Common stock issued through distribution reinvestment plan	$	13,402		$	539
	Net unrealized loss on interest rate swaps	$	(4,966	)	$	—
	Contingent consideration recorded upon property acquisitions	$	553		$	—
	Fair value of assumed bond obligations	$	—		$	591
	Supplemental Cash Flow Disclosures:
	Interest paid	$	10,950		$	312

RelatedParty_Transactions_and_1

Related-Party Transactions and Arrangements - (Tables)	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
Schedule of related party transactions	'
	The Company recorded fees and expense reimbursements as shown in the table below for services provided by CR IV Advisors or its affiliates related to the services described above during the periods indicated (in thousands):
		Three Months Ended September 30,				Nine Months Ended September 30,
		2013		2012		2013		2012
	Acquisition and Operations:
	Acquisition fees and expenses	$	7,300	$	1,881	$	22,267	$	3,184
	Advisory fees and expenses	$	3,067	$	207	$	6,357	$	297
	Operating expenses	$	992	$	80	$	1,843	$	136
	The Company incurred commissions, fees and expense reimbursements as shown in the table below for services provided by CR IV Advisors or its affiliates related to the services described above during the periods indicated (in thousands):
		Three Months Ended September 30,				Nine Months Ended September 30,
		2013		2012		2013		2012
	Offering:
	Selling commissions	$	40,559	$	7,382	$	65,823	$	10,362
	Selling commissions reallowed by CCC	$	40,559	$	7,382	$	65,823	$	10,362
	Dealer manager fees	$	11,724	$	2,155	$	19,100	$	3,060
	Dealer manager fees reallowed by CCC	$	6,552	$	1,282	$	10,602	$	1,560
	Other organization and offering expenses	$	11,827	$	2,164	$	19,336	$	3,070

Organization_and_Business_Deta

Organization and Business (Details) (USD $)	9 Months Ended			18 Months Ended					9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Sep. 30, 2013	Apr. 13, 2012	Jan. 26, 2012	Jan. 26, 2012	Jan. 26, 2012	Sep. 30, 2013
	Property		Unconsolidated joint venture	Initial public offering	Initial public offering	Initial public offering	Distribution reinvestment plan	Maximum	CCPT IV OP
	sqft		sqft				Initial public offering	Initial public offering
			joint_venture
Organization and business [Line Items]	'	'	'	'	'	'	'	'	'
General partner partnership interest percentage	'	'	'	'	'	'	'	'	100.00%
Common stock, shares authorized (in shares)	490,000,000	490,000,000	'	'	'	'	50,000,000	250,000,000	'
Share price (in dollars per share)	'	'	'	'	'	$10	$9.50	'	'
Common stock, shares issued (in shares)	126,838,762	29,943,549	'	'	308,000	'	'	'	'
Issuance of common stock, shares (in shares)	'	'	'	126,800,000	'	'	'	'	'
Issuance of common stock	$967,512,000	'	'	$1,266,000,000	'	'	'	'	'
Offering costs, selling commissions, and dealer management fees	'	'	'	$136,300,000	'	'	'	'	'
Number of owned properties (in number of properties)	240	'	1	'	'	'	'	'	'
Rentable square feet (in square feet)	7,600,000	'	176,000	'	'	'	'	'	'
Number of states in which entity owns properties (in number of states)	36	'	'	'	'	'	'	'	'
Percentage of rentable space leased	98.00%	'	'	'	'	'	'	'	'

Summary_of_Significant_Account3

Summary of Significant Accounting Policies - Narrative (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013
In Thousands, unless otherwise specified			Advisors	Restricted cash, investor proceeds for which shares of common stock had not been issued	Restricted cash, investor proceeds for which shares of common stock had not been issued	Restricted cash, rents from certain encumbered properties	Restricted cash, rents from certain encumbered properties	Restricted cash, tenant and capital improvements, leasing commissions, repairs and maintenance and other lender reserves for certain properties	Restricted cash, tenant and capital improvements, leasing commissions, repairs and maintenance and other lender reserves for certain properties	Building
			Other organization and offering expenses
			Maximum
Valuation of real estate and related assets [Line Items]	'	'	'	'	'	'	'	'	'	'
Restricted cash	$6,177	$523	'	$3,600	$523	$1,900	$0	$693	$0	'
Acquired real estate asset, useful life	'	'	'	'	'	'	'	'	'	'40 years
Organization and offering expense	'	'	2.00%	'	'	'	'	'	'	'

Summary_of_Significant_Account4

Summary of Significant Accounting Policies - Concentration of credit risk (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013
	Property
	financial_institutions
Concentration Risk [Line Items]	'
Cash on deposit, number of financial institutions	5
Cash on deposit, number of financial institutions which had deposits in excess of current federally insured limits	4
Concentration risk, credit risk, financial instrument, maximum exposure	$132.50
Number of owned properties (in number of properties)	240
California	'
Concentration Risk [Line Items]	'
Number of owned properties (in number of properties)	4
New York	'
Concentration Risk [Line Items]	'
Number of owned properties (in number of properties)	8
Texas	'
Concentration Risk [Line Items]	'
Number of owned properties (in number of properties)	37
Gross annualized rental revenue | Customer concentration risk	'
Concentration Risk [Line Items]	'
Concentration risk, percentage	10.00%
Gross annualized rental revenue | Customer concentration risk | Discount store industry	'
Concentration Risk [Line Items]	'
Concentration risk, percentage	12.00%
Gross annualized rental revenue | Customer concentration risk | Drugstore industry	'
Concentration Risk [Line Items]	'
Concentration risk, percentage	10.00%
Gross annualized rental revenue | Credit concentration risk | California	'
Concentration Risk [Line Items]	'
Concentration risk, percentage	16.00%
Gross annualized rental revenue | Credit concentration risk | New York	'
Concentration Risk [Line Items]	'
Concentration risk, percentage	11.00%
Gross annualized rental revenue | Credit concentration risk | Texas	'
Concentration Risk [Line Items]	'
Concentration risk, percentage	10.00%

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)

9 Months Ended

9 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Fair value, measurements, recurring

Fair value, measurements, recurring

Fair value, measurements, recurring

Fair value, measurements, recurring

Fair value, measurements, recurring

Fair value, measurements, recurring

Fair value, measurements, recurring

Fair value, measurements, recurring

Estimate of fair value

Estimate of fair value

Estimate of fair value

Estimate of fair value

Estimate of fair value

Carrying value

Carrying value

Quoted Prices in Active Markets for Identical Assets (Level 1)

Quoted Prices in Active Markets for Identical Assets (Level 1)

Significant Other Observable Inputs (Level 2)

Significant Other Observable Inputs (Level 2)

Significant Unobservable Inputs (Level 3)

Significant Unobservable Inputs (Level 3)

Significant Other Observable Inputs (Level 2)

Significant Other Observable Inputs (Level 2)

Significant Unobservable Inputs (Level 3)

Significant Unobservable Inputs (Level 3)

Significant Unobservable Inputs (Level 3)

Interest expense and other

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Lines of credit, fair value disclosure

'

'

'

'

'

'

'

'

'

'

$636,400,000

$274,600,000

'

'

'

$649,900,000

$274,600,000

Contingent consideration, liability, acquired during the period

'

'

'

'

'

'

'

'

'

'

'

'

553,000

'

'

'

'

Business combination, contingent consideration arrangements, change in amount of contingent consideration, liability

'

'

'

'

'

'

'

'

'

'

'

'

-239,000

'

-91,000

'

'

Fair value assets and liabilities, transfers amount

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate swaps

'

'

-4,966,000

'

0

'

-4,966,000

'

0

'

'

'

'

'

'

'

'

Contingent consideration arrangements

-553,000

0

-931,000

-708,000

0

0

0

0

-931,000

-708,000

'

'

931,000

-708,000

'

'

'

Total liabilities

'

'

($5,897,000)

'

$0

'

($4,966,000)

'

($931,000)

'

'

'

'

'

'

'

'

Real_Estate_Acquisitions_Detai

Real Estate Acquisitions (Details) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2011

Sep. 30, 2012

Sep. 30, 2011

Sep. 30, 2012

Sep. 30, 2012

Sep. 30, 2012

2013 acquisitions

2013 acquisitions

2013 acquisitions

2013 acquisitions

2013 acquisitions

2013 acquisitions

2013 acquisitions

2012 acquisitions

2012 acquisitions

2012 acquisitions

2012 acquisitions

2012 acquisitions

2012 acquisitions

2012 acquisitions

Property

Acquired-in-place leases

Acquired above-market leases

Acquired below-market leases

Property

Acquired-in-place leases

Acquired above-market leases

Acquired below-market leases

Business Acquisition [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of businesses acquired (in properties)

'

'

'

'

'

'

'

151

'

'

'

'

'

'

32

'

'

'

'

Total purchase price

'

'

'

'

'

'

'

$1,061,700,000

'

'

'

'

'

'

$157,042,000

'

'

'

'

Business Acquisition, Purchase Price Allocation [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Land

'

'

'

'

'

255,347,000

'

255,347,000

'

'

'

'

33,776,000

'

33,776,000

'

'

'

'

Buildings and improvements

'

'

'

'

'

692,429,000

'

692,429,000

'

'

'

'

106,858,000

'

106,858,000

'

'

'

'

Acquired finite-lived intangible asset - leases, amount

'

'

'

'

'

'

'

'

'

114,860,000

19,158,000

'

'

'

'

'

18,326,000

1,090,000

'

Acquired below-market leases

'

'

'

'

'

'

'

'

'

'

'

-20,078,000

'

'

'

'

'

'

-3,008,000

Total purchase price

'

'

'

'

'

1,061,716,000

'

1,061,716,000

'

'

'

'

157,042,000

'

157,042,000

'

'

'

'

Revenue of acquiree since acquisition date

'

'

'

'

'

19,700,000

'

32,000,000

'

'

'

'

1,800,000

'

2,500,000

'

'

'

'

Loss of acquiree since acquisition date

'

'

'

'

'

4,300,000

'

20,500,000

'

'

'

'

1,800,000

'

3,400,000

'

'

'

'

Pro forma basis (unaudited)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Revenue

'

'

'

'

'

48,449,000

39,718,000

143,509,000

114,464,000

'

'

'

3,053,000

3,053,000

9,099,000

9,099,000

'

'

'

Net income

'

'

'

'

'

23,786,000

16,163,000

81,765,000

31,664,000

'

'

'

500,000

570,000

2,587,000

-1,787,000

'

'

'

Acquisition costs

10,356,000

2,611,000

30,546,000

4,559,000

'

10,400,000

'

30,500,000

'

'

'

'

2,600,000

'

4,600,000

'

'

'

'

Investment in unconsolidated joint venture

$19,084,000

'

$19,084,000

'

$0

$18,862,000

'

$18,862,000

'

'

'

'

'

'

'

'

'

'

'

Derivative_Instrument_Details

Derivative Instrument (Details) (Interest Rate Swaps, USD $)	Sep. 30, 2013	Sep. 30, 2013		Sep. 30, 2013		Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013		Sep. 30, 2013
In Thousands, unless otherwise specified		Cash flow hedging		Cash flow hedging		Cash flow hedging	Cash flow hedging	Cash flow hedging		Cash flow hedging
						Deferred rental income and other liabilities	Deferred rental income and other liabilities	Deferred rental income and other liabilities		Deferred rental income and other liabilities
								Minimum		Maximum
Derivatives, Fair Value [Line Items]	'	'		'		'	'	'		'
Outstanding Notional Amount	$38,737	'		'		$338,737	'	'		'
Interest Rate	'	'		'		'	'	3.71%	[1]	4.75%	[1]
Effective Date	'	'		'		'	'	24-Jun-13		23-Aug-13
Maturity Date	'	'		'		'	'	24-Jun-18		24-Aug-20
Fair Value of Liabilities	'	'		'		-4,966	0	'		'
Amount of Loss Recognized in Other Comprehensive Loss	'	($4,629)	[2]	($4,966)	[2]	'	'	'		'
[1]	(1)The interest rates consist of the underlying index swapped to a fixed rate and the applicable interest rate spread.
[2]	(1)There were no portions of the change in the fair value of the interest rate swap agreements that were considered ineffective during the three and nine months ended September 30, 2013. No previously effective portions of the losses that were recorded in accumulated other comprehensive loss during the term of the hedging relationships were reclassified into earnings during the three and nine months ended September 30, 2013.

Credit_Facilities_and_Notes_Pa2

Credit Facilities and Notes Payable Credit Facilities and Notes Payable - (Details) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Line of Credit Facility [Line Items]	'	'
Debt instrument, weighted average years to maturity	'7 years 1 month 13 days	'
Debt, weighted average interest rate	3.80%	'
Short-Term and Long-Term Debt [Roll Forward]	'	'
Debt, long-term and short-term, combined amount	$274,594,000	'
Debt issuance	923,842,000	80,460,000
Debt instrument, decrease, repayments	-548,490,000	'
Debt, long-term and short-term, combined amount	649,946,000	'
Interest Rate Swaps	'	'
Short-Term and Long-Term Debt [Roll Forward]	'	'
Outstanding Notional Amount	38,737,000	'
Mortgage notes payable	'	'
Short-Term and Long-Term Debt [Roll Forward]	'	'
Debt security, amount, aggregate gross real estate assets net of gross intangible lease liabilities	597,000,000	'
Line of credit | Revolving credit facility	'	'
Short-Term and Long-Term Debt [Roll Forward]	'	'
Debt instrument, collateral pledged	877,900,000	'
Line of credit, current borrowing capacity	270,681,554	'
Line of credit, maximum borrowing capacity	1,250,000,000	'
Line of credit | Revolving credit facility | Federal funds rate plus | Leverage ratio not to exceed 65% or 60% on or subsequent to August 15, 2018	'	'
Short-Term and Long-Term Debt [Roll Forward]	'	'
Debt instrument, basis spread on variable rate	0.50%	'
Line of credit | Revolving credit facility | LIBOR | Leverage ratio not to exceed 65% or 60% on or subsequent to August 15, 2018	'	'
Short-Term and Long-Term Debt [Roll Forward]	'	'
Debt instrument, basis spread on variable rate	1.00%	'
Unsecured Debt [Member]	'	'
Short-Term and Long-Term Debt [Roll Forward]	'	'
Line of credit, maximum borrowing capacity	900,000,000	'
Unsecured Debt [Member] | Term loan	'	'
Short-Term and Long-Term Debt [Roll Forward]	'	'
Line of credit, maximum borrowing capacity	300,000,000	'
Unsecured Debt [Member] | Revolving credit facility	'	'
Short-Term and Long-Term Debt [Roll Forward]	'	'
Line of credit, maximum borrowing capacity	600,000,000	'
Series c, llc | Line of credit | Revolving credit facility	'	'
Short-Term and Long-Term Debt [Roll Forward]	'	'
Line of credit, current borrowing capacity	10,000,000	'
Line of credit fixed interest rate	4.50%	'
Fixed rate debt | Mortgage notes payable	'	'
Short-Term and Long-Term Debt [Roll Forward]	'	'
Debt, long-term and short-term, combined amount	75,000,000	'
Debt issuance	274,946,000	'
Debt instrument, decrease, repayments	0	'
Debt, long-term and short-term, combined amount	349,946,000	'
Fixed rate debt | Mortgage notes payable | Minimum	'	'
Short-Term and Long-Term Debt [Roll Forward]	'	'
Line of credit fixed interest rate	3.35%	'
Fixed rate debt | Mortgage notes payable | Maximum	'	'
Short-Term and Long-Term Debt [Roll Forward]	'	'
Line of credit fixed interest rate	4.75%	'
JPMorgan chase, bridge facility | Bridge loan	'	'
Short-Term and Long-Term Debt [Roll Forward]	'	'
Debt, long-term and short-term, combined amount	62,726,000	'
Debt issuance	210,191,000	'
Debt instrument, decrease, repayments	-272,917,000	'
Debt, long-term and short-term, combined amount	0	'
JPMorgan chase, revolving credit facility | Line of credit | Revolving credit facility	'	'
Short-Term and Long-Term Debt [Roll Forward]	'	'
Debt, long-term and short-term, combined amount	136,868,000	'
Debt issuance	438,705,000	'
Debt instrument, decrease, repayments	-275,573,000	'
Debt, long-term and short-term, combined amount	$300,000,000	'
JPMorgan chase, revolving credit facility | Line of credit | Revolving credit facility | Leverage ratio not to exceed 65% or 60% on or subsequent to August 15, 2018	'	'
Line of Credit Facility [Line Items]	'	'
Debt, weighted average interest rate	3.71%	'
Eurodollar Rate Loan [Member] | Unsecured Debt [Member] | LIBOR | Minimum | Leverage ratio not to exceed 65% or 60% on or subsequent to August 15, 2018	'	'
Short-Term and Long-Term Debt [Roll Forward]	'	'
Derivative, basis spread on variable rate	1.65%	'
Eurodollar Rate Loan [Member] | Unsecured Debt [Member] | LIBOR | Maximum | Leverage ratio not to exceed 65% or 60% on or subsequent to August 15, 2018	'	'
Short-Term and Long-Term Debt [Roll Forward]	'	'
Derivative, basis spread on variable rate	2.50%	'
Base Rate Committed Loans [Member] | Unsecured Debt [Member] | Base Rate [Member] | Minimum | Leverage ratio not to exceed 65% or 60% on or subsequent to August 15, 2018	'	'
Short-Term and Long-Term Debt [Roll Forward]	'	'
Derivative, basis spread on variable rate	0.65%	'
Base Rate Committed Loans [Member] | Unsecured Debt [Member] | Base Rate [Member] | Maximum | Leverage ratio not to exceed 65% or 60% on or subsequent to August 15, 2018	'	'
Short-Term and Long-Term Debt [Roll Forward]	'	'
Derivative, basis spread on variable rate	1.50%	'

Supplemental_Cash_Flow_Disclos2

Supplemental Cash Flow Disclosures (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Supplemental Cash Flow Elements [Abstract]	'	'	'	'	'
Distributions declared and unpaid	$6,002	$691	$6,002	$691	$1,456
Accrued other offering costs due to affiliates	'	'	4,040	0	'
Accrued capital expenditures	'	'	1,928	0	'
Accrued deferred financing costs	'	'	16	0	'
Common stock issued through distribution reinvestment plan	'	'	13,402	539	'
Net unrealized loss on interest rate swaps	-4,629	0	-4,966	0	'
Contingent consideration recorded upon property acquisitions	553	0	553	0	'
Fair value of assumed bond obligations	'	'	0	591	'
Supplemental Cash Flow Disclosures:	'	'	'	'	'
Interest paid	'	'	$10,950	$312	'

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	9 Months Ended
	Sep. 29, 2013	Sep. 30, 2013
	Property	Property
	agreement
Capital addition purchase commitments	'	'
Unrecorded Unconditional Purchase Obligation [Line Items]	'	'
Total purchase price	'	$172,700,000
Escrow deposit, property acquisition	'	6,875,000
Number of businesses acquired (in properties)	'	52
Ownership interest acquired	'	100.00%
Escrow deposit, potential forfeiture amount	'	4,000,000
Purchase agreement for 25 properties	'	'
Unrecorded Unconditional Purchase Obligation [Line Items]	'	'
Number of businesses acquired (in properties)	'	1
Number of additional purchase agreements	1	'
Number of properties committed to purchase	25	24
Long-term purchase committment, contract non-purchase, amount	'	$10,000,000

RelatedParty_Transactions_and_2

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

3 Months Ended

9 Months Ended

12 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Advisors

Advisors

Advisors

Series c, llc

Selling commissions

Selling commissions

Selling commissions

Selling commissions

Selling commissions

Selling commissions reallowed by cole capital

Selling commissions reallowed by cole capital

Selling commissions reallowed by cole capital

Selling commissions reallowed by cole capital

Selling commissions reallowed by cole capital

Dealer manager fee

Dealer manager fee

Dealer manager fee

Dealer manager fee

Dealer manager fee

Dealer manager fee reallowed by cole capital

Dealer manager fee reallowed by cole capital

Dealer manager fee reallowed by cole capital

Dealer manager fee reallowed by cole capital

Other organization and offering expenses

Other organization and offering expenses

Other organization and offering expenses

Other organization and offering expenses

Other organization and offering expenses

Acquisition fees and expenses

Acquisition fees and expenses

Acquisition fees and expenses

Acquisition fees and expenses

Acquisition fees and expenses

Acquisition fees and expenses

Advisory fees and expenses

Advisory fees and expenses

Advisory fees and expenses

Advisory fees and expenses

Operating expenses

Operating expenses

Operating expenses

Operating expenses

Property sales commission

Property portfolio

Brokerage commission fee

Performance fee

Average invested assets between $0 to $2 billion

Average invested assets between $0 to $2 billion

Average invested assets between $0 to $2 billion

Average invested assets between $2 billion to $4 billion

Average invested assets between $2 billion to $4 billion

Average invested assets between $2 billion to $4 billion

Average invested assets over $4 billion

Average invested assets over $4 billion

Line of credit

Line of credit

Line of credit

Listing commission

Minimum

Property

Dealer manager commission

Advisors

Advisors

Advisors

Advisors

Dealer manager commission reallowed

Advisors

Advisors

Advisors

Advisors

Dealer manager

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Advisors

Revolving credit facility

Revolving credit facility

Revolving credit facility

Maximum

Maximum

Maximum

Maximum

Contract sale price of each property

Maximum

Maximum

Maximum

Minimum

Maximum

Minimum

Minimum

Series c, llc

Series c, llc

Contract purchase price of each asset

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Commissions percentage on stock sales and related dealer manager fees

'

'

'

'

'

'

'

'

'

7.00%

'

'

'

'

100.00%

'

'

'

'

2.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Organization and offering expense

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related party transaction, expenses from transactions with related party

'

'

'

'

'

'

'

'

'

'

$40,559,000

$7,382,000

$65,823,000

$10,362,000

'

$40,559,000

$7,382,000

$65,823,000

$10,362,000

'

$11,724,000

$2,155,000

$19,100,000

$3,060,000

$6,552,000

$1,282,000

$10,602,000

$1,560,000

$11,827,000

$2,164,000

$19,336,000

$3,070,000

'

$7,300,000

$1,881,000

$22,267,000

$3,184,000

'

'

$3,067,000

$207,000

$6,357,000

$297,000

$992,000

$80,000

$1,843,000

$136,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acquisition and advisory fee

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6.00%

2.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Asset management or advisory fees percent

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.75%

'

'

0.70%

'

'

0.65%

'

'

'

'

Average invested assets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,000,000,000

0

'

4,000,000,000

2,000,000,000

'

4,000,000,000

'

'

'

Operating expense reimbursement percent of average invested assets

'

'

'

'

'

'

'

2.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Operating expense reimbursement percent of net income

'

'

'

'

'

'

'

25.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Commissions performance and other fees percent

'

'

'

'

'

'

15.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.00%

6.00%

50.00%

15.00%

'

'

'

'

'

'

'

'

'

'

'

Cumulative noncompounded annual return

'

'

'

'

'

8.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Due to affiliates

4,635,000

'

4,635,000

'

2,156,000

4,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Ownership interest acquired

'

'

'

'

'

'

'

'

100.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of businesses acquired (in properties)

'

'

'

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total purchase price

'

'

'

'

'

'

'

'

4,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of credit, current borrowing capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

270,681,554

'

10,000,000

Line of credit fixed interest rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4.50%

Interest expense

$7,140,000

$364,000

$15,497,000

$617,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$39,000

'

Subsequent_Events_Details

Subsequent Events - (Details) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

1 Months Ended

19 Months Ended

1 Months Ended

In Thousands, except Share data, unless otherwise specified

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Nov. 08, 2013

Nov. 08, 2013

Nov. 08, 2013

Nov. 08, 2013

2013 acquisitions

2013 acquisitions

Credit facility

Credit facility

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Property

Line of credit

Line of credit

2013 acquisitions

Credit facility

JPMorgan chase, revolving credit facility

JPMorgan chase, revolving credit facility

Property

Line of credit

JPMorgan chase, revolving credit facility

Subsequent Event

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of common stock

'

'

$967,512

'

'

'

'

'

'

$357,700

$1,623,600

'

'

Issuance of common stock, shares (in shares)

'

'

'

'

'

'

'

'

'

35,900,000

162,700,000

'

'

Debt, long-term and short-term, combined amount

649,946

'

649,946

'

274,594

'

'

300,000

136,868

'

'

'

300,000

Number of businesses acquired (in properties)

'

'

'

'

'

'

151

'

'

'

'

30

'

Total purchase price

'

'

'

'

'

'

1,061,700

'

'

'

'

126,300

'

Acquisition costs

$10,356

$2,611

$30,546

$4,559

'

$10,400

$30,500

'

'

'

'

$3,400

'