American Realty Capital - Retail Centers Of America 10-Q 15 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	AMERICAN REALTY CAPITAL - RETAIL CENTERS OF AMERICA, INC.
Entity Central Index Key	1500554
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Document Type	10-Q
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Amendment Flag	FALSE
Entity Common Stock, Shares Outstanding		95,627,938

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Real estate investments, at cost:
Land	$166,653	$158,787
Buildings, fixtures and improvements	495,587	478,854
Acquired intangible lease assets	131,324	127,144
Total real estate investments, at cost	793,564	764,785
Less: accumulated depreciation and amortization	-29,208	-19,115
Total real estate investments, net	764,356	745,670
Cash and cash equivalents	143,285	170,963
Restricted cash	3,179	3,469
Prepaid expenses and other assets	13,365	7,591
Deferred costs, net	8,062	8,117
Total assets	932,247	935,810
LIABILITIES AND STOCKHOLDERS' EQUITY
Mortgage notes payable	86,838	86,931
Mortgage premium, net	283	292
Below-market lease liabilities, net	48,346	48,113
Derivatives, at fair value	610	332
Accounts payable and accrued expenses	12,321	10,329
Deferred rent and other liabilities	2,563	1,575
Distributions payable	5,184	5,138
Total liabilities	156,145	152,710
Preferred stock, $0.01 par value per share, 50,000,000 authorized, none issued or outstanding at March 31, 2015 and December 31, 2014	0	0
Common stock, $0.01 par value per share, 300,000,000 shares authorized, 95,315,616 and 94,448,748 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively	953	944
Additional paid-in capital	844,610	836,387
Accumulated other comprehensive loss	-603	-327
Accumulated deficit	-68,858	-53,904
Total stockholders' equity	776,102	783,100
Total liabilities and stockholders' equity	$932,247	$935,810

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, authorized (in shares)	50,000,000	50,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, authorized (in shares)	300,000,000	300,000,000
Common stock, issued (in shares)	95,315,616	94,448,748
Common stock, outstanding (in shares)	95,315,616	94,448,748

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Revenues:
Rental income	$16,151	$2,115
Operating expense reimbursements	4,944	684
Total revenues	21,095	2,799
Operating expenses:
Property operating	6,718	941
Acquisition and transaction related	580	20
General and administrative	2,392	107
Depreciation and amortization	9,779	1,644
Total operating expenses	19,469	2,712
Operating loss	1,626	87
Other (expense) income:
Interest expense	-1,584	-686
Other income	4	0
Total other expense, net	-1,580	-686
Net loss	46	-599
Other comprehensive loss:
Change in unrealized loss on derivative	-276	-45
Comprehensive loss	($230)	($644)
Basic net income (loss) per share (in dollars per share)	$0	($0.05)
Diluted net income (loss) per share (in dollars per share)	$0	($0.05)

CONSOLIDATED_STATEMENT_OF_CHAN

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit	Total Stockholders' Equity
In Thousands, except Share data, unless otherwise specified
Balance, beginning of period at Dec. 31, 2014		$944	$836,387	($327)	($53,904)	$783,100
Balance, beginning of period (in shares) at Dec. 31, 2014		94,448,748
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Change in offering costs			4			4
Common stock issued through distribution reinvestment plan (in shares)		910,678
Common stock issued through distribution reinvestment plan	8,651	9	8,642			8,651
Common stock repurchases (in shares)	-43,810	-43,810
Common stock repurchases			-433			-433
Share-based compensation			10			10
Distributions declared					-15,000	-15,000
Net income	46				46	46
Other comprehensive loss				-276		-276
Balance, end of period at Mar. 31, 2015		$953	$844,610	($603)	($68,858)	$776,102
Balance, end of period (in shares) at Mar. 31, 2015		95,315,616

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net income (loss)	$46	($599)
Adjustment to reconcile net loss to net cash provided by operating activities:
Depreciation	3,989	1,000
Amortization of in-place lease assets	5,770	638
Amortization (including accelerated write-off) of deferred costs	490	68
Amortization of mortgage premium	-9	0
(Accretion) amortization of market lease intangibles, net	-557	214
Share-based compensation	10	15
Ineffective portion of derivative	2	0
Changes in assets and liabilities:
Prepaid expenses and other assets	-2,980	-202
Accounts payable and accrued expenses	2,249	-868
Deferred rent and other liabilities	988	25
Net cash provided by operating activities	9,998	291
Cash flows from investing activities:
Investment in real estate and other assets	-26,096	0
Deposits for real estate acquisitions	-2,100	-425
Capital expenditures	-1,856	0
Net cash used in investing activities	-30,052	-425
Cash flows from financing activities:
Payments of mortgage notes payable	93	0
Payments of deferred financing costs	-15	-3
Proceeds from issuances of common stock	0	134,885
Common stock repurchases	-327	0
Payments of offering costs and fees related to stock issuances	-1,176	-15,078
Distributions paid	-6,303	-833
Payments to affiliate, net	0	-1,019
Restricted cash	290	330
Net cash provided by financing activities	-7,624	118,282
Net change in cash and cash equivalents	-27,678	118,148
Cash and cash equivalents, beginning of period	170,963	13,295
Cash and cash equivalents, end of period	143,285	131,443
Supplemental Disclosures:
Cash paid for interest	1,105	625
Cash paid for income taxes	0	28
Accrued common stock repurchases	433	0
Capital improvements in accounts payable and accrued expenses	1,826	0
Non-Cash Financing Activities:
Common stock issued through distribution reinvestment plan	$8,651	$603

Organization

Organization	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization
	American Realty Capital — Retail Centers of America, Inc. (the "Company"), incorporated on July 29, 2010, is a Maryland corporation that qualified as a real estate investment trust for U.S. federal income tax purposes ("REIT") beginning with the taxable year ended December 31, 2012. On March 17, 2011, the Company commenced its initial public offering (the "IPO") on a "reasonable best efforts" basis of up to 150.0 million shares of common stock, $0.01 par value per share, at a price of $10.00 per share, subject to certain volume and other discounts, pursuant to a registration statement on Form S-11, as amended (File No. 333-169355) (the "Registration Statement"), filed with the U.S. Securities and Exchange Commission (the "SEC") under the Securities Act of 1933, as amended (the "Securities Act"). The Registration Statement also covered up to 25.0 million shares available pursuant to a distribution reinvestment plan (the "DRIP") under which the Company's common stockholders were able to elect to have their distributions reinvested in additional shares of the Company's common stock at a price initially equal to $9.50 per share, which was 95.0% of the per share offering price in the IPO. On May 7, 2015 the Company filed a post-effective amendment to the Registration Statement to deregister the unsold shares registered under the Registration Statement.
	On March 9, 2012, the Company raised proceeds sufficient to break escrow in connection with its IPO. On March 4, 2013, the Company's board of directors approved an extension of the termination date of the IPO from March 17, 2013 to March 17, 2014. On March 14, 2014, the Company filed a registration statement on Form S-11 (File No. 333-194586) (the "Follow-On Registration Statement") with the SEC to register a follow-on offering of up to 75.0 million shares of common stock, $0.01 par value per share, at a price of $10.00 per share, subject to certain volume and other discounts, and 12.5 million shares of common stock pursuant to the DRIP. However, as permitted by Rule 415 under the Securities Act, the Company continued offering and selling shares in its IPO until September 12, 2014.
	The IPO closed on September 12, 2014. On September 17, 2014, the Company withdrew its Follow-On Registration Statement, from which no securities were sold. On September 19, 2014, the Company registered an additional 25.0 million shares of common stock to be used under the DRIP (as amended to include a direct stock purchase component) pursuant to a registration statement on Form S-3D (File No. 333-198864).
	As of March 31, 2015, the Company had 95.3 million shares of common stock outstanding, including unvested restricted shares and shares issued pursuant to the DRIP, and had received total proceeds from the IPO and the DRIP of $946.9 million.
	The Company has acquired and intends to acquire and own existing anchored, stabilized core retail properties, including power centers, lifestyle centers, grocery-anchored shopping centers (with a purchase price in excess of $20.0 million) and other need-based shopping centers which are located in the United States and at least 80.0% leased at the time of acquisition. All properties may be acquired and operated by the Company alone or jointly with another party. The Company may also originate or acquire first mortgage loans secured by real estate. The Company purchased its first property and commenced active operations in June 2012. As of March 31, 2015, the Company owned 21 properties with an aggregate purchase price of $741.7 million, comprised of 4.5 million rentable square feet which were 94.9% leased on a weighted-average basis.
	Substantially all of the Company's business is conducted through American Realty Capital Retail Operating Partnership, L.P. (the "OP"), a Delaware limited partnership. The Company is the sole general partner and holds substantially all the units of limited partner interest in the OP ("OP Units"). The Company's external affiliated advisor, American Realty Capital Retail Advisor, LLC (the "Advisor"), a limited partner in the OP, holds 202 OP Units, which represents a nominal percentage of the aggregate OP ownership. After holding the OP Units for a period of one year, or upon liquidation of the OP or sale of substantially all of the assets of the OP, holders of OP Units have the right to convert OP Units for the cash value of a corresponding number of shares of the Company's common stock or, at the option of the OP, a corresponding number of shares of the Company's common stock, in accordance with the limited partnership agreement of the OP. The remaining rights of the limited partner interests are limited, however, and do not include the ability to replace the general partner or to approve the sale, purchase or refinancing of the OP's assets.
	The Company has no direct employees. The Company has retained the Advisor to manage its affairs on a day-to-day basis. The Advisor has entered into a service agreement with an independent third party, Lincoln Retail REIT Services, LLC, a Delaware limited liability company ("Lincoln"), pursuant to which Lincoln has agreed to provide, subject to the Advisor's oversight, real estate-related services, including locating investments, negotiating financing, and providing property-level asset management services, property management services, leasing and construction oversight services and disposition services, as needed. Realty Capital Securities, LLC (the "Dealer Manager") served as the dealer manager of the IPO. The Advisor and the Dealer Manager are under common control with AR Capital, LLC (the "Parent of the Sponsor"), the parent of the Company's sponsor, American Realty Capital IV, LLC (the "Sponsor"), as a result of which they are related parties, and each of which has received or will receive compensation, fees and expense reimbursements for services related to the IPO and the investment and management of the Company's assets. Such entities have received or may receive, as applicable, fees during the offering, acquisition, operational and liquidation stages. The Advisor has paid and will continue to pay Lincoln a substantial portion of the fees payable to the Advisor for the performance of real estate-related services.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies
	The accompanying consolidated financial statements of the Company included herein were prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and with the instructions to this Quarterly Report on Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The information furnished includes all adjustments and accruals of a normal recurring nature, which, in the opinion of management, are necessary for a fair presentation of results for these interim periods. All intercompany accounts and transactions have been eliminated in consolidation. The results of operations for the three months ended March 31, 2015 are not necessarily indicative of the results for the entire year or any subsequent interim periods.
	These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto as of, and for the year ended December 31, 2014, which are included in the Company's Annual Report on Form 10-K filed with the SEC on April 15, 2015. There have been no significant changes to the Company's significant accounting policies during the three months ended March 31, 2015, other than the updates described below.
	Recently Issued Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board ("FASB") issued revised guidance relating to revenue recognition. Under the revised guidance, an entity is required to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The revised guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is not permitted under GAAP. The revised guidance allows entities to apply the full retrospective or modified retrospective transition method upon adoption. In April 2015, the FASB proposed a one-year delay of the revised guidance, although entities will be allowed to early adopt the guidance as of the original effective date. The Company has not yet selected a transition method and is currently evaluating the impact of the new guidance.
	In February 2015, the FASB amended the accounting for consolidation of certain legal entities. The amendments modify the evaluation of whether certain legal entities are variable interest entities ("VIEs") or voting interest entities, eliminate the presumption that a general partner should consolidate a limited partnership and affect the consolidation analysis of reporting entities that are involved with VIEs (particularly those that have fee arrangements and related party relationships). The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. If the Company decides to early adopt the revised guidance in an interim period, any adjustments will be reflected as of the beginning of the fiscal year that includes the interim period. The Company is currently evaluating the impact of the new guidance.
	In April 2015, the FASB amended the presentation of debt issuance costs on the balance sheet. The amendments require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted for financial statements that have not previously been issued. If the Company decides to early adopt the revised guidance in an interim period, any adjustments will be reflected as of the beginning of the fiscal year that includes the interim period. The Company is currently evaluating the impact of the new guidance.

Real_Estate_Investments

Real Estate Investments	3 Months Ended
	Mar. 31, 2015
Real Estate [Abstract]
Real Estate Investments	Real Estate Investments
	The Company owned 21 properties as of March 31, 2015. The rentable square feet or annualized rental income on a straight-line basis of the 12 properties summarized below represented 5.0% or more of the Company's total portfolio's rentable square feet or annualized rental income on a straight-line basis as of March 31, 2015.
	San Pedro Crossing
	On December 21, 2012, the Company, through an indirect wholly-owned subsidiary of the OP, closed its acquisition of the fee simple interest in San Pedro Crossing, a power center located in San Antonio, Texas ("San Pedro Crossing"). The seller had no preexisting relationship with the Company. The purchase price of San Pedro Crossing was $32.6 million, exclusive of closing costs. The acquisition of San Pedro Crossing was funded with proceeds from the Company's IPO and the creation of new mortgage debt secured by San Pedro Crossing. The Company accounted for the purchase of San Pedro Crossing as a business combination and incurred acquisition related costs of $0.6 million, which are reflected in the acquisition and transaction related line item of the consolidated statements of operations and comprehensive loss.
	Tiffany Springs MarketCenter
	On September 26, 2013, the Company, through an indirect wholly-owned subsidiary of the OP, closed its acquisition of the fee simple interest in Tiffany Springs MarketCenter, a power center located in Kansas City, Missouri ("Tiffany Springs MarketCenter"). The sellers had no preexisting relationship with the Company. The purchase price of Tiffany Springs MarketCenter was $53.5 million, exclusive of closing costs. The acquisition of Tiffany Springs MarketCenter was funded with proceeds from the Company's IPO and the assumption of existing mortgage debt secured by Tiffany Springs MarketCenter. The Company accounted for the purchase of Tiffany Springs MarketCenter as a business combination and incurred acquisition related costs of $0.9 million, which are reflected in the acquisition and transaction related line item of the consolidated statements of operations and comprehensive loss.
	Prairie Towne Center
	On June 4, 2014, the Company, through an indirect wholly-owned subsidiary of the OP, closed its acquisition of the fee simple interest in Prairie Towne Center, a power center located in Schaumburg, Illinois (the "Prairie Towne Center"). The seller had no preexisting relationship with the Company. The purchase price of Prairie Towne Center was $25.3 million, exclusive of closing costs, and was funded with proceeds from the Company's IPO. The Company accounted for the purchase of Prairie Towne Center as a business combination and incurred acquisition related costs of $0.4 million, which are reflected in the acquisition and transaction related line item of the consolidated statements of operations and comprehensive loss.
	Northwoods Marketplace
	On August 15, 2014, the Company, through an indirect wholly-owned subsidiary of the OP, closed its acquisition of the fee simple interest in Northwoods Marketplace, a power center located in North Charleston, South Carolina ("Northwoods Marketplace"). The seller had no preexisting relationship with the Company. The purchase price of Northwoods Marketplace was $34.8 million, exclusive of closing costs, and was funded with proceeds from the Company's IPO. The Company accounted for the purchase of Northwoods Marketplace as a business combination and incurred acquisition related costs of $0.7 million, which are reflected in the acquisition and transaction related line item of the consolidated statements of operations and comprehensive loss.
	Centennial Plaza
	On August 27, 2014, the Company, through an indirect wholly-owned subsidiary of the OP, closed its acquisition of the fee simple interest in Centennial Plaza, a power center located in West Chester Township, Ohio ("Centennial Plaza"). The seller had no preexisting relationship with the Company. The purchase price of Centennial Plaza was $27.6 million, exclusive of closing costs, and was funded with proceeds from the Company's IPO. The Company accounted for the purchase of Centennial Plaza as a business combination and incurred acquisition related costs of $0.5 million, which are reflected in the acquisition and transaction related line item of the consolidated statements of operations and comprehensive loss.
	Shops at Shelby Crossing
	On September 5, 2014, the Company, through an indirect wholly-owned subsidiary of the OP, closed its acquisition of the fee simple interest in Shops at Shelby Crossing, a power center located in Sebring, Florida ("Shops at Shelby Crossing"). The sellers had no preexisting relationship with the Company. The purchase price of Shops at Shelby Crossing was $29.9 million, exclusive of closing costs. The acquisition of Shops at Shelby Crossing was funded with proceeds from the Company's IPO and the assumption of existing mortgage debt secured by Shops at Shelby Crossing. The Company accounted for the purchase of Shops at Shelby Crossing as a business combination and incurred acquisition related costs of $0.5 million, which are reflected in the acquisition and transaction related line item of the consolidated statements of operations and comprehensive loss.
	The Centrum
	On September 29, 2014, the Company, through an indirect wholly-owned subsidiary of the OP, closed its acquisition of the fee simple interest in Centrum, a power center located in Pineville, North Carolina ("The Centrum"). The seller had no preexisting relationship with the Company. The purchase price of The Centrum was $34.9 million, exclusive of closing costs, and was funded with proceeds from the Company's IPO. The Company accounted for the purchase of The Centrum as a business combination and incurred acquisition related costs of $0.6 million, which are reflected in the acquisition and transaction related line item of the consolidated statements of operations and comprehensive loss.
	Southroads Shopping Center
	On October 29, 2014, the Company, through an indirect wholly-owned subsidiary of the OP, closed its acquisition of the fee simple interest in Southroads Shopping Center, a power center located in Tulsa, Oklahoma ("Southroads Shopping Center"). The seller had no preexisting relationship with the Company. The purchase price of Southroads Shopping Center was $57.3 million, exclusive of closing costs, and was funded with proceeds from the Company's IPO. The Company accounted for the purchase of Southroads Shopping Center as a business combination and incurred acquisition related costs of $1.0 million, which are reflected in the acquisition and transaction related line item of the consolidated statements of operations and comprehensive loss.
	Colonial Landing
	On December 18, 2014, the Company, through an indirect wholly-owned subsidiary of the OP, closed its acquisition of the leasehold interest in Colonial Landing, a power center located in Orlando, Florida ("Colonial Landing"). The seller had no preexisting relationship with the Company. The purchase price of Colonial Landing was $37.2 million, exclusive of closing costs, and was funded with proceeds from the Company's IPO. The Company accounted for the purchase of Colonial Landing as a business combination and incurred acquisition related costs of $0.7 million, which are reflected in the acquisition and transaction related line item of the consolidated statements of operations and comprehensive loss.
	The Shops at West End
	On December 23, 2014, the Company, through an indirect wholly-owned subsidiary of the OP, closed its acquisition of the fee simple interest in The Shops at West End, a lifestyle center located in St. Louis Park, Minnesota ("The Shops at West End"). The seller had no preexisting relationship with the Company. The purchase price of The Shops at West End was $114.7 million, exclusive of closing costs, and was funded with proceeds from the Company's IPO. The Company accounted for the purchase of The Shops at West End as a business combination and incurred acquisition related costs of $1.9 million, which are reflected in the acquisition and transaction related line item of the consolidated statements of operations and comprehensive loss.
	Township Marketplace
	On December 23, 2014, the Company, through an indirect wholly-owned subsidiary of the OP, closed its acquisition of the fee simple interest in Township Marketplace, a power center located in Monaca, Oklahoma ("Township Marketplace"). The seller had no preexisting relationship with the Company. The purchase price of Township Marketplace was $41.1 million, exclusive of closing costs, and was funded with proceeds from the Company's IPO. The Company accounted for the purchase of Township Marketplace as a business combination and incurred acquisition related costs of $1.2 million, which are reflected in the acquisition and transaction related line item of the consolidated statements of operations and comprehensive loss.
	Cross Pointe Centre
	On March 25, 2015, the Company, through an indirect wholly-owned subsidiary of the OP, closed its acquisition of the fee simple interest in Cross Pointe Centre, a power center located in Fayetteville, North Carolina ("Cross Pointe Centre"). The seller had no preexisting relationship with the Company. The purchase price of Cross Pointe Centre was $26.1 million, exclusive of closing costs, and was funded with proceeds from the Company's IPO. The Company accounted for the purchase of Cross Pointe Centre as a business combination and incurred acquisition related costs of $0.5 million, which are reflected in acquisition and transaction related expenses of the consolidated statements of operations and comprehensive loss.
	The following table presents the allocation of the assets acquired and liabilities assumed during the three months ended March 31, 2015. There were no assets acquired or liabilities assumed during the three months ended March 31, 2014:
			Three Months Ended
	(Dollar amounts in thousands)		March 31, 2015
	Real estate investments, at cost (1):
	Land		$	7,866
	Buildings, fixtures and improvements		15,218
	Total tangible assets		23,084
	Acquired intangibles:
	In-place leases		2,067
	Above-market lease assets		2,328
	Below-market lease liabilities		(1,383		)
	Total intangible real estate investments, net		3,012
	Cash paid for acquired real estate investments		$	26,096
	Number of properties purchased		1
	_____________________
	-1	Real estate investments, at cost, acquired during the three months ended March 31, 2015 have been provisionally allocated pending receipt and review of final appraisals and/or other information on such assets prepared by third party specialists.
	The following table presents unaudited pro forma information as if the acquisition during the three months ended March 31, 2015 had been consummated on January 1, 2014. Additionally, the unaudited pro forma net income was adjusted to reclassify acquisition and transaction related expense of $0.6 million from the three months ended March 31, 2015 to the three months ended March 31, 2014:
			Three Months Ended March 31,
	(In thousands)		2015 (1)			2014
	Pro forma revenues		$	21,640		$	21,474
	Pro forma net income		$	1,100		$	3,130
	_____________________
	-1	For the three months ended March 31, 2015, aggregate revenues and net income derived from the Company's 2015 acquisition (for the Company's period of ownership) were $1.0 million and $0.3 million, respectively.
	The following table presents future minimum base rent payments on a cash basis due to the Company over the next five years and thereafter. These amounts exclude contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes among other items:
	(In thousands)		Future Minimum
			Base Rent Payments
	April 1, 2015 to December 31, 2015		$	45,836
	2016		59,483
	2017		55,817
	2018		44,154
	2019		30,803
	Thereafter		131,930
			$	368,023
	The following table lists the tenants (including, for this purpose, all affiliates of such tenants) whose annualized rental income on a straight-line basis represented 10.0% or greater of consolidated annualized rental income on a straight-line basis for all portfolio properties as of March 31, 2015 and 2014:
			March 31,
	Tenant		2015		2014
	Toys "R" Us		*		10.30%
	____________________________
*	Tenant's annualized rental income on a straight-line basis was not greater than or equal to 10.0% of consolidated annualized rental income on a straight-line basis for all portfolio properties as of the date specified.
No other tenant represented 10.0% or greater of consolidated annualized rental income on a straight-line basis as of March 31, 2015 and 2014.
The following table lists the states where the Company has concentrations of properties where annualized rental income on a straight-line basis represented 10.0% or greater of consolidated annualized rental income on a straight-line basis as of March 31, 2015 and 2014:
		March 31,
State		2015		2014
Minnesota		16.30%		*
Texas		13.50%		53.20%
Florida		12.90%		*
North Carolina		11.80%		*
Oklahoma		11.10%		*
Missouri		*		46.80%
____________________________
*	State's annualized rental income on a straight-line basis was not greater than or equal to 10.0% of consolidated annualized rental income for all portfolio properties as of the date specified.
The Company did not own properties in any other state that in total represented 10.0% or greater of consolidated annualized rental income on a straight-line basis as of March 31, 2015 and 2014.

Credit_Facility

Credit Facility	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Credit Facility	Credit Facility
	On June 11, 2014, the Company, through the OP, entered into a credit agreement (the "Credit Agreement") relating to a credit facility (the "Credit Facility") that provided for aggregate revolving loan borrowings of up to $100.0 million (subject to borrowing base availability), with a $25.0 million swingline subfacility (but not to exceed 10.0% of the commitments then in effect) and a $5.0 million letter of credit subfacility. Through an uncommitted "accordion feature," the OP, subject to certain conditions, was able to increase commitments under the Credit Facility to up to $250.0 million.
	On December 2, 2014, the Company, through the OP and certain subsidiaries of the Company acting as guarantors, entered into an unsecured amended and restated credit agreement (the “Amended Credit Agreement”) relating to a revolving credit facility (the “Amended Credit Facility”), which amends and restates the Credit Agreement. The Amended Credit Facility provides for aggregate revolving loan borrowings of up to $325.0 million (subject to unencumbered asset pool availability), with a $25.0 million swingline subfacility and a $20.0 million letter of credit subfacility, subject to certain conditions. Through an uncommitted “accordion feature,” the OP, subject to certain conditions, may increase commitments under the Amended Credit Facility to up to $575.0 million. Borrowings under the Amended Credit Facility, along with cash on hand from the Company’s IPO, are expected to be used to finance portfolio acquisitions and for general corporate purposes. As of March 31, 2015, the Company's unused borrowing capacity was $325.0 million, based on the assets assigned to the Amended Credit Facility. As of March 31, 2015 and December 31, 2014, the Company had no outstanding borrowings under the Amended Credit Facility.
	BMO Capital Markets acted as joint bookrunner and joint lead arranger for the Amended Credit Facility and its affiliate, BMO Harris Bank N.A., is the administrative agent, letter of credit issuer, swingline lender and a lender thereunder. Regions Capital Markets and SunTrust Robinson Humphrey acted as joint bookrunners and joint lead arrangers for the Amended Credit Facility and its affiliate, Regions Bank and SunTrust Bank are the syndication agents and are lenders thereunder.
	Borrowings under the Amended Credit Facility bear interest, at the OP's election, at either (i) the base rate (which is defined in the Amended Credit Agreement as the greatest of (a) the prime rate in effect on such day, (b) the federal funds effective rate in effect on such day plus 0.50%, and (c) LIBOR for a one month interest period plus 1.0%) plus an applicable spread ranging from 0.35% to 1.00%, depending on the Company's consolidated leverage ratio, or (ii) LIBOR for the applicable interest period plus an applicable spread ranging from 1.35% to 2.00%, depending on the Company's consolidated leverage ratio.
	The Credit Facility required the Company to pay an unused fee per annum of 0.35% and 0.25%, if the unused balance of the Credit Facility exceeded, or was equal to or less than, 50.0% of the available facility, respectively. The Amended Credit Facility requires the Company to pay an unused fee per annum of 0.25% and 0.15%, if the unused balance of the Amended Credit Facility exceeds, or is equal to or less than, 50.0% of the available facility, respectively. The Company incurred $0.2 million in unused borrowing fees during the three months ended March 31, 2015. No such fees were incurred during the three months ended March 31, 2014.
	The Amended Credit Facility provides for quarterly interest payments for each base rate loan and periodic interest payments for each LIBOR loan, based upon the applicable interest period (though no longer than three months) with respect to such LIBOR loan, with all principal outstanding being due on the maturity date. The Amended Credit Facility will mature on December 2, 2018, provided that the OP, subject to certain conditions, may elect to extend the maturity date one year to December 2, 2019. The Amended Credit Facility may be prepaid at any time, in whole or in part, without premium or penalty. In the event of a default, the lenders have the right to terminate their obligations under the Amended Credit Facility and to accelerate the payment on any unpaid principal amount of all outstanding loans. The Company, certain of its subsidiaries and certain subsidiaries of the OP will guarantee the obligations under the Amended Credit Facility.
	The Amended Credit Facility requires the Company to meet certain financial covenants, including the maintenance of certain financial ratios (such as specified debt to equity and debt service coverage ratios) as well as the maintenance of a minimum net worth. As of March 31, 2015, the Company was in compliance with the financial covenants under the Amended Credit Agreement

Mortgage_Notes_Payable

Mortgage Notes Payable	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Mortgage Note Payable	Mortgage Notes Payable
	The Company's mortgage notes payable as of March 31, 2015 and December 31, 2014 consist of the following:
					Outstanding Loan Amount as of				Effective Interest Rate as of
	Portfolio		Encumbered Properties		March 31,		December 31,		March 31,			December 31,			Interest Rate		Maturity Date
					2015		2014		2015			2014
					(In thousands)		(In thousands)
	Liberty Crossing		1		$	11,000	$	11,000	4.66	%		4.66	%		Fixed		Jul. 2018
	San Pedro Crossing (1)		1		17,985		17,985		3.79	%		3.79	%		Fixed		Jan. 2018
	Tiffany Springs MarketCenter		1		33,802		33,802		3.92	%		3.92	%		Fixed	(2)	Oct. 2018
	Shops at Shelby Crossing		1		24,051		24,144		4.97	%		4.97	%		Fixed		Mar. 2024
	Total		4		$	86,838	$	86,931	4.28	%	(3)	4.28	%	(3)
	_________________________________
	-1	Payments and obligations pursuant to this mortgage agreement are guaranteed by the Parent of the Sponsor.
	-2	Fixed as a result of entering into a swap agreement.
	-3	Calculated on a weighted-average basis for all mortgages outstanding as of the dates indicated.
	The following table summarizes the scheduled aggregate principal payments for the Company's mortgage notes payable for the five years subsequent to March 31, 2015:
	(In thousands)		Future Principal Payments
	April 1, 2015 to December 31, 2015		$	270
	2016		378
	2017		400
	2018		63,208
	2019		443
	Thereafter		22,139
			$	86,838
	The Company's mortgage notes payable agreements require compliance with certain property-level financial covenants including debt service coverage ratios. As of March 31, 2015, the Company was in compliance with financial covenants under its mortgage notes payable agreements.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Fair Value of Financial Instruments

The Company determines fair value based on quoted prices when available or through the use of alternative approaches, such as discounting the expected cash flows using market interest rates commensurate with the credit quality and duration of the investment. This alternative approach also reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The guidance defines three levels of inputs that may be used to measure fair value:

Level 1 — Quoted prices in active markets for identical assets and liabilities that the reporting entity has the ability to access at the measurement date.

Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset and liability or can be corroborated with observable market data for substantially the entire contractual term of the asset or liability.

Level 3 — Unobservable inputs that reflect the entity's own assumptions about the assumptions that market participants would use in the pricing of the asset or liability and are consequently not based on market activity, but rather through particular valuation techniques.

The determination of where an asset or liability falls in the hierarchy requires significant judgment and considers factors specific to the asset or liability. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company evaluates its hierarchy disclosures each quarter and depending on various factors, it is possible that an asset or liability may be classified differently from quarter to quarter. However, the Company expects that changes in classifications between levels will be rare.

Although the Company has determined that the majority of the inputs used to value its derivative fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with this derivative utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by the Company and its counterparty. However, as of March 31, 2015 and December 31, 2014, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative position and has determined that the credit valuation adjustments are not significant to the overall valuation of the Company's derivative. As a result, the Company has determined that its derivative valuation in its entirety is classified in Level 2 of the fair value hierarchy.

The valuation of derivative instruments is determined using a discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, as well as observable market-based inputs, including interest rate curves and implied volatilities. In addition, credit valuation adjustments are incorporated into the fair values to account for the Company's potential nonperformance risk and the performance risk of the counterparties.

The following table presents information about the Company's assets and liabilities measured at fair value on a recurring basis as of March 31, 2015 and December 31, 2014, aggregated by the level in the fair value hierarchy within which those instruments fall:

(In thousands)

Quoted Prices

Significant Other

Significant

Total

in Active

Observable

Unobservable

Markets

Inputs

Inputs

Level 1

Level 2

Level 3

March 31, 2015

Interest rate swap

$

—

$

(610

)

$

—

$

(610

)

December 31, 2014

Interest rate swap

$

—

$

(332

)

$

—

$

(332

)

A review of the fair value hierarchy classification is conducted on a quarterly basis. Changes in the type of inputs may result in a reclassification for certain assets and liabilities. There were no transfers between Level 1 and Level 2 of the fair value hierarchy during the three months ended March 31, 2015.

The Company is required to disclose the fair value of financial instruments for which it is practicable to estimate that value. The fair value of short-term financial instruments such as cash and cash equivalents, restricted cash, prepaid expenses and other assets, accounts payable and accrued expenses and distributions payable approximates their carrying value on the accompanying consolidated balance sheets due to their short-term nature. The fair values of the Company's remaining financial instruments that are not reported at fair value on the accompanying consolidated balance sheets are reported in the following table:

Carrying Amount at

Fair Value at

Carrying Amount at

Fair Value at

(In thousands)

Level

March 31, 2015

March 31, 2015

December 31, 2014

December 31, 2014

Mortgage notes payable and premium, net

3

$

87,121

$

88,456

$

87,223

$

89,347

The fair value of mortgage notes payable is estimated by using a discounted cash flow analysis.

Derivatives_and_Hedging_Activi

Derivatives and Hedging Activities	3 Months Ended
	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities
	Risk Management Objective of Using Derivatives
	The Company may use derivative financial instruments, including interest rate swaps, caps, options, floors and other interest rate derivative contracts, to hedge all or a portion of the interest rate risk associated with its borrowings. The principal objective of such arrangements is to minimize the risks and costs associated with the Company's operating and financial structure as well as to hedge specific anticipated transactions. The Company does not intend to utilize derivatives for speculative or other purposes other than interest rate risk management. The use of derivative financial instruments carries certain risks, including the risk that the counterparties to these contractual arrangements are not able to perform under the agreements. To mitigate this risk, the Company only enters into derivative financial instruments with counterparties with high credit ratings and with major financial institutions with which the Company and its affiliates may also have other financial relationships.
	Cash Flow Hedges of Interest Rate Risk
	The Company's objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps and collars as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. Interest rate collars designated as cash flow hedges involve the receipt of variable-rate amounts if interest rates rise above the cap strike rate on the contract and payments of variable-rate amounts if interest rates fall below the floor strike rate on the contract.
	The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive income and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The Company uses such derivatives to hedge the variable cash flows associated with variable-rate debt. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings.
	Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company's variable-rate debt. During the next 12 months, the Company estimates that an additional $0.4 million will be reclassified from other comprehensive loss as an increase to interest expense.
	As of March 31, 2015 and December 31, 2014, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:
		March 31, 2015						December 31, 2014
	Interest Rate Derivative	Number of		Notional Amount				Number of		Notional Amount
		Instruments						Instruments
				(In thousands)						(In thousands)
	Interest Rate Swap	1		$	34,098			1		$	34,098
	The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the accompanying consolidated balance sheets as of March 31, 2015 and December 31, 2014:
	(In thousands)	Balance Sheet Location		March 31, 2015				December 31, 2014
	Derivatives designated as hedging instruments:
	Interest Rate Swap	Derivatives, at fair value		$	(610	)		$	(332	)
	The table below details the location in the accompanying consolidated financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the three months ended March 31, 2015 and 2014.
		Three Months Ended March 31,
	(In thousands)	2015				2014
	Amount of gain (loss) recognized in accumulated other comprehensive loss from interest rate derivatives (effective portion)	$	(399	)		$	(169	)
	Amount of gain (loss) reclassified from accumulated other comprehensive loss into income as interest expense (effective portion)	$	(123	)		$	(124	)
	Amount of gain (loss) recognized in income on derivative (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing) *	$	(2	)		$	—
	_________________________________
	* The Company reclassified approximately $2,000 of other comprehensive loss to interest expense during the three months ended March 31, 2015, which represented the ineffective portion of the change in fair value of the derivative.
	Offsetting Derivatives
	The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of March 31, 2015 and December 31, 2014. The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the accompanying consolidated balance sheets:
													Gross Amounts Not Offset on the Balance Sheet
	(In thousands)	Gross Amounts of Recognized Liabilities				Gross Amounts Offset on the Balance Sheet				Net Amounts of Liabilities presented on the Balance Sheet			Financial Instruments		Cash Collateral Received (Posted)		Net Amount
	March 31, 2015	$	(610	)		$	—			$	(610	)	$	—	$	—	$	(610	)
	December 31, 2014	$	(332	)		$	—			$	(332	)	$	—	$	—	$	(332	)
	Derivatives Not Designated as Hedges
	Derivatives not designated as hedges are not speculative. These derivatives may be used to manage the Company's exposure to interest rate movements and other identified risks but do not meet the strict hedge accounting requirements to be classified as hedging instruments. As of March 31, 2015 and December 31, 2014, the Company does not have any hedging instruments that do not qualify for hedge accounting.
	Credit-risk-related Contingent Features
	The Company has agreements with each of its derivative counterparties that contain a provision where if the Company either defaults or is capable of being declared in default on any of its indebtedness, then the Company could also be declared in default on its derivative obligations.
	As of March 31, 2015, the fair value of derivatives in a net liability position including accrued interest but excluding any adjustment for nonperformance risk related to these agreements was $0.7 million. As of March 31, 2015, the Company has not posted any collateral related to these agreements and was not in breach of any agreement provisions. If the Company had breached any of these provisions, it could have been required to settle its obligations under the agreements at their aggregate termination value of $0.7 million at March 31, 2015

Common_Stock

Common Stock	3 Months Ended
	Mar. 31, 2015
Equity [Abstract]
Common Stock	Common Stock
	As of March 31, 2015 and December 31, 2014, the Company had 95.3 million and 94.4 million shares of common stock outstanding, including unvested restricted shares and shares issued pursuant to the DRIP, and had received total proceeds from the IPO and the DRIP of $946.9 million and $938.7 million, respectively.
	On September 19, 2011, the Company's board of directors authorized, and the Company declared, distributions payable to stockholders of record each day during the applicable period equal to $0.0017534247 per day, which is equivalent to $0.64 per annum, per share of common stock. Distributions began to accrue on June 8, 2012, the date of the Company's initial property acquisition. Distributions are payable by the 5th day following each month end to stockholders of record at the close of business each day during the prior month. The board of directors may reduce the amount of distributions paid or suspend distribution payments at any time and therefore distribution payments are not assured.
	Share Repurchase Program
	The Company's board of directors has adopted a Share Repurchase Program ("SRP") that enables stockholders to sell their shares to the Company in limited circumstances. The SRP permits investors to sell their shares back to the Company after they have held them for at least one year, subject to the significant conditions and limitations described below.
	Prior to the time that the Company's shares are listed on a national securities exchange and until the Company establishes an estimated value for the shares, the purchase price per share will depend on the length of time investors have held such shares as follows: after one year from the purchase date — the lower of $9.25 or 92.5% of the amount they actually paid for each share; after two years from the purchase date —the lower of $9.50 or 95.0% of the amount they actually paid for each share; after three years from the purchase date — the lower of $9.75 or 97.5% of the amount they actually paid for each share; and after four years from the purchase date — the lower of $10.00 or 100.0% of the amount they actually paid for each share (in each case, as adjusted for any stock distributions, combinations, splits and recapitalizations). The Company expects to begin establishing an estimated value for its shares based on the value of its real estate and real estate-related investments beginning 18 months after the close of its offering. Beginning 18 months after the completion of the Company's offering (excluding common shares issued under the DRIP), the board of directors will determine the value of the properties and the other assets based on such information as the board determines appropriate, which is expected to include independent valuations of properties or of the Company as a whole, prepared by third-party service providers.
	The Company is only authorized to repurchase shares pursuant to the SRP up to the value of the shares issued under the DRIP and will limit the amount spent to repurchase shares in a given quarter to the value of the shares issued under the DRIP in that same quarter. In addition, the board of directors may reject a request for redemption, at any time. Due to these limitations, the Company cannot guarantee that it will be able to accommodate all repurchase requests. Purchases under the SRP by the Company will be limited in any calendar year to 5.0% of the weighted-average number of shares outstanding during the prior calendar year.
	The Company's board of directors reserves the right, in its sole discretion, at any time and from time to time, to reject any request for repurchase, change the purchase price for repurchases or otherwise amend the terms of, suspend or terminate the SRP.
	When a stockholder requests repurchases and the repurchases are approved by the Company's board of directors, it will reclassify such obligation from equity to a liability based on the settlement value of the obligation. The following table summarizes the repurchases of shares under the SRP cumulatively through March 31, 2015:
			Number of Requests	Number of Shares Repurchased	Weighted-Average Price per Share
	Cumulative repurchases as of December 31, 2014		19	73,492	$	9.82
	Three Months Ended March 31, 2015		11	43,810	9.89
	Cumulative repurchases as of March 31, 2015 (1)		30	117,302	$	9.85
	_____________________
	-1	Includes 11 unfulfilled repurchase requests consisting of 43,810 shares with a weighted-average repurchase price per share of $9.89, which were approved for repurchase as of March 31, 2015 and were completed during the second quarter of 2015. This liability is included in accounts payable and accrued expenses on the Company's consolidated balance sheet as of March 31, 2015.
	Distribution Reinvestment Plan
	Pursuant to the DRIP, stockholders may elect to reinvest distributions by purchasing shares of common stock in lieu of receiving cash. No dealer manager fees or selling commissions are paid with respect to shares purchased pursuant to the DRIP.  Participants purchasing shares pursuant to the DRIP have the same rights and are treated in the same manner as if such shares were issued pursuant to the IPO. The board of directors may designate that certain cash or other distributions be excluded from the DRIP.  The Company has the right to amend any aspect of the DRIP or terminate the DRIP with ten days' notice to participants. Shares issued under the DRIP are recorded to equity in the accompanying consolidated balance sheet in the period distributions are declared.  During the three months ended March 31, 2015 the Company issued 0.9 million shares of common stock with a value of $8.7 million and a par value per share of $0.01 pursuant to the DRIP.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies
	Future Minimum Ground Lease Payments
	The Company entered into lease agreements related to certain acquisitions under leasehold interest arrangements. The following table reflects the minimum base cash rental payments due from the Company over the next five years and thereafter:
	(In thousands)	Future Minimum Base Rent Payments
	April 1, 2015 to December 31, 2015	$	372
	2016	504
	2017	514
	2018	524
	2019	535
	Thereafter	9,923
		$	12,372
	Litigation and Regulatory Matters
	In the ordinary course of business, the Company may become subject to litigation, claims and regulatory matters. There are no material legal or regulatory proceedings pending or known to be contemplated against the Company.
	Environmental Matters
	In connection with the ownership and operation of real estate, the Company may potentially be liable for costs and damages related to environmental matters. The Company has not been notified by any governmental authority of any non-compliance, liability or other claim, and is not aware of any other environmental condition that it believes will have a material adverse effect on its financial position or results of operations.

Related_Party_Transactions_and

Related Party Transactions and Arrangements	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions and Arrangements	Related Party Transactions and Arrangements
	The Sponsor and American Realty Capital Retail Special Limited Partnership, LLC, an entity controlled by the Sponsor, owned 242,222 shares of the Company's outstanding common stock as of March 31, 2015 and December 31, 2014. As of March 31, 2015 and December 31, 2014, the Advisor owned 202 OP Units.
	Fees Paid in Connection with the IPO
	During the IPO, the Dealer Manager was paid fees and compensation in connection with the sale of the Company's common stock. The Dealer Manager was paid a selling commission of up to 7.0% of gross offering proceeds before reallowance of commissions earned by participating broker-dealers. In addition, the Dealer Manager received up to 3.0% of the gross proceeds from the sale of common stock, before reallowance to participating broker-dealers, as a dealer manager fee. The Dealer Manager was entitled to reallow its dealer manager fee to participating broker-dealers, based on such factors as the volume of shares sold by respective participating broker-dealers and marketing support incurred as compared to those of other participating broker-dealers. The following table details total selling commissions and dealer manager fees incurred by the Company during the three months ended March 31, 2015 and 2014 and payable to the Dealer Manager as of March 31, 2015 and December 31, 2014:
			Three Months Ended March 31,				Payable as of
	(In thousands)		2015		2014		March 31, 2015			December 31, 2014
	Total commissions and fees to the Dealer Manager		$	—	$	12,947	$	—		$	—
	The Advisor and its affiliates were paid compensation and received expense reimbursements for services relating to the IPO. The Company utilizes transfer agent services provided by an affiliate of the Dealer Manager. All offering costs relating to the IPO incurred by the Company or its affiliated entities on behalf of the Company are charged to additional paid-in capital on the accompanying consolidated balance sheets. The following table details offering costs and reimbursements incurred during the three months ended March 31, 2015 and 2014 and payable to the Advisor and Dealer Manager as of March 31, 2015 and December 31, 2014:
			Three Months Ended March 31,				Payable (Receivable) as of
	(In thousands)		2015		2014		March 31, 2015			December 31, 2014
	Fees and expense reimbursements to the Advisor and Dealer Manager		$	—	$	422	$	(29	)	$	1,152
	The Company was responsible for paying offering and related costs from the IPO, excluding commissions and dealer manager fees, up to a maximum of 1.5% of gross proceeds received from the IPO, measured at the end of the IPO. Offering costs in excess of the 1.5% cap as of the end of the IPO are the Advisor's responsibility. As of the close of the IPO, cumulative offering and related costs, excluding commissions and dealer manager fees, did not exceed the 1.5% threshold.
	Fees and Participations Paid in Connection With the Operations of the Company
	The Advisor is paid an acquisition fee equal to 1.0% of the contract purchase price of each acquired property and 1.0% of the amount advanced for any loan or other investment. The Advisor is also paid for services provided for which it incurs investment-related expenses, or insourced expenses. Such insourced expenses will be fixed initially at, and may not exceed, 0.5% of the contract purchase price and 0.5% of the amount advanced for a loan or other investment. Additionally, the Company pays third party acquisition expenses. Once the proceeds from the IPO have been fully invested, the aggregate amount of acquisition fees and financing coordination fees (as described below) will not exceed 1.5% of the contract purchase price and the amount advanced for a loan or other investment, as applicable, for all the assets acquired. In no event will the total of all acquisition fees and acquisition expenses (including any financing coordination fees) payable with respect to the Company's portfolio of investments or reinvestments exceed 4.5% of the contract purchase price to be measured at the close of the acquisition phase or 4.5% of the amount advanced for all loans or other investments.
	If the Advisor provides services in connection with the origination or refinancing of any debt that the Company obtains and uses to acquire properties or to make other permitted investments, or that is assumed, directly or indirectly, in connection with the acquisition of properties, the Company will pay the Advisor a financing coordination fee equal to 1.0% of the amount available or outstanding under such financing, subject to certain limitations.
	In connection with the asset management services provided by the Advisor, the Company issued to the Advisor an asset management subordinated participation by causing the OP to issue (subject to periodic approval by the board of directors) to the Advisor performance-based restricted, forfeitable partnership units of the OP designated as "Class B Units." Class B Units are intended to be profit interests which will vest, and no longer be subject to forfeiture, at such time as: (x) the value of the OP's assets plus all distributions made equals or exceeds the total amount of capital contributed by investors plus a 7.0% cumulative, pre-tax, non-compounded annual return thereon (the "economic hurdle"); (y) any one of the following occurs: (1) the termination of the advisory agreement by an affirmative vote of a majority of the Company's independent directors without cause; (2) a listing of the Company's common stock on a national securities exchange; or (3) another liquidity event; and (z) the Advisor is still providing advisory services to the Company (the "performance condition"). Unvested Class B Units will be forfeited immediately if: (a) the advisory agreement is terminated other than by an affirmative vote of a majority of the Company's independent directors without cause; or (b) the advisory agreement is terminated by an affirmative vote of a majority of the Company's independent directors without cause before the economic hurdle has been met.
	When and if approved by the board of directors, the Class B Units are issued to the Advisor quarterly in arrears pursuant to the terms of the limited partnership agreement of the OP. The number of Class B Units issued in any quarter is equal to the cost of the Company's assets multiplied by 0.1875%, divided by the value of one share of common stock as of the last day of such calendar quarter, which is equal initially to $9.00 (the initial offering price in the IPO minus selling commissions and dealer manager fees). As of March 31, 2015, the Company cannot determine the probability of achieving the performance condition. The value of issued Class B Units will be determined and expensed when the Company deems the achievement of the performance condition to be probable. The Advisor receives distributions on the vested and unvested Class B Units it receives in connection with its asset management subordinated participation at the same rate as distributions received on the Company's common stock. Such distributions on issued Class B Units are included in general and administrative expenses in the accompanying consolidated statements of operations and comprehensive loss until the performance condition is considered probable to occur. As of March 31, 2015, the Company's board of directors has approved the issuance of and the OP has issued 169,992 Class B Units to the Advisor in connection with this arrangement on a cumulative basis.
	In connection with property management and leasing services, unless the Company contracts with a third party, the Company will pay to an affiliate of the Advisor a property management fee of 2.0% of gross revenues from the Company's stand-alone single-tenant net leased properties which are not part of a shopping center and 4.0% of gross revenues from all other types of properties. The Company will also reimburse the affiliate for property level expenses. If the Company contracts directly with third parties for such services, the Company will pay them customary market fees and, prior to January 28, 2014, would pay the Advisor an oversight fee of up to 1.0% of the gross revenues of the property managed. In no event would the Company pay the Advisor or any affiliate both a property management fee and an oversight fee with respect to any particular property. Effective January 28, 2014, the Advisor eliminated the oversight fee.
	In connection with any construction, renovation or tenant finish-out on any property, the Company will pay the Advisor 6.0% of the hard costs of the construction, renovation and/or tenant finish-out, as applicable.
	Effective March 1, 2013, the Company entered into an agreement with the Dealer Manager to provide strategic advisory services and investment banking services required in the ordinary course of the Company's business, such as performing financial analysis, evaluating publicly traded comparable companies and assisting in developing a portfolio composition strategy, a capitalization structure to optimize future liquidity options and structuring operations. Strategic advisory fees were amortized over the estimated remaining term of the IPO and, as such, have been fully amortized as of March 31, 2015. These fees are included in general and administrative expenses in the accompanying consolidated statement of operations and comprehensive loss. The Dealer Manager and its affiliates also provide transfer agency services, as well as transaction management and other professional services. These fees are also included in general and administrative expenses on the accompanying consolidated statements of operations and comprehensive loss during the period the service was provided.
	The following table details amounts incurred and forgiven during the three months ended March 31, 2015 and 2014 and amounts contractually due as of March 31, 2015 and December 31, 2014 in connection with the operations related services described above:
			Three Months Ended March 31,									Payable as of
			2015				2014					March 31, 2015		December 31, 2014
	(In thousands)		Incurred		Forgiven		Incurred			Forgiven
	One-time fees and reimbursements:
	Acquisition fees and related cost reimbursements		$	394	$	—	$	—		$	—	$	—	$	—
	Financing coordination fees (1)		—		—		—			—		—		—
	Ongoing fees:
	Asset management fees (2)		—		—		—			—		—		—
	Property management and leasing fees		—		—		—			—		—		—
	Transfer agent and other professional services		632		—		—			—		770		617
	Strategic advisory fees		—		—		149			—		—		—
	Distributions on Class B Units		27		—		—			—		27		—
	Total related party operation fees and reimbursements		$	1,053	$	—	$	149		$	—	$	797	$	617
	_________________________________
	-1	These fees have been capitalized to deferred costs, net on the consolidated balance sheets.
	-2	Effective October 1, 2013, the Company causes the OP to issue (subject to approval by the board of directors) to the Advisor restricted performance-based Class B Units for asset management services, which will be forfeited immediately if certain conditions occur.
	The Company reimburses the Advisor's costs of providing administrative services, subject to the limitation that it will not reimburse the Advisor for any amount by which the Company's operating expenses (including the asset management fee, as applicable) at the end of the four preceding fiscal quarters exceeds the greater of (a) 2.0% of average invested assets, or (b) 25.0% of net income other than any additions to reserves for depreciation, bad debt or other similar non-cash expenses and excluding any gain from the sale of assets for that period, unless the Company's independent directors determine that such excess was justified based on unusual and nonrecurring factors which they deem sufficient, in which case the excess amount may be reimbursed to the Advisor in subsequent periods. Additionally, the Company reimburses the Advisor for personnel costs in connection with other services during the operational stage; however, the Company will not reimburse the Advisor for personnel costs in connection with services for which the Advisor receives acquisition fees, acquisition expenses or real estate commissions. The Company will not reimburse the Advisor for salaries and benefits paid to the Company's executive officers. No reimbursements were made to the Advisor for providing administrative services during the three months ended March 31, 2015 or 2014.
	In order to improve operating cash flows and the ability to pay distributions from operating cash flows, the Advisor may elect to waive certain fees. Because the Advisor may waive certain fees, cash flows from operations that would have been paid to the Advisor may be available to pay distributions to stockholders. The fees that may be forgiven are not deferrals and accordingly, will not be paid to the Advisor. In certain instances, to improve the Company's working capital, the Advisor may elect to absorb a portion of the Company's general and administrative costs and/or property operating costs. No general and administrative costs were absorbed by the Advisor during the three months ended March 31, 2015. The Advisor absorbed $0.3 million of general and administrative costs during the three months ended March 31, 2014. No property operating costs were absorbed by the Advisor during the three months ended March 31, 2015 and 2014. General and administrative expenses and property operating expenses are presented net of costs absorbed by the Advisor on the accompanying consolidated statements of operations and comprehensive loss.
	Fees and Participations Paid in Connection with Liquidation or Listing
	The Company will pay a brokerage commission to the Advisor or its affiliates on the sale of property, not to exceed the lesser of 2.0% of the contract sale price of the property and one-half of the total brokerage commission paid, if a third party broker is also involved; provided, however, that in no event may the real estate commissions paid to the Advisor, its affiliates and unaffiliated third parties exceed the lesser of 6.0% of the contract sales price and a reasonable, customary and competitive real estate commission, in light of the size, type and location of the property, in each case, payable to the Advisor if the Advisor or its affiliates, as determined by a majority of the independent directors, provided a substantial amount of services in connection with the sale. No such fees were incurred during the three months ended March 31, 2015 and 2014.
	The Company will pay the Advisor a subordinated participation in the net sales proceeds of the sale of real estate assets of 15.0% of remaining net sale proceeds after return of capital contributions to investors plus payment to investors of a 7.0% cumulative, pre-tax non-compounded annual return on the capital contributed by investors.  The Company cannot assure that it will provide this 7.0% annual return and the Advisor will not be entitled to the subordinated participation in net sale proceeds unless the Company's investors have received a 7.0% cumulative non-compounded annual return on their capital contributions plus the 100.0% repayment of capital committed by such investors. No such amounts were incurred during the three months ended March 31, 2015 or 2014.
	If the Company's shares of common stock are listed on a national securities exchange, the Advisor will receive a subordinated incentive listing distribution from the OP of 15.0% of the amount by which the Company's market value plus distributions paid prior to listing exceeds the aggregate capital contributed by investors plus an amount equal to a 7.0% cumulative, pre-tax non-compounded annual return to investors.  The Company cannot assure that it will provide this 7.0% annual return and the Advisor will not be entitled to the subordinated incentive listing distribution unless investors have received a 7.0% cumulative, pre-tax non-compounded annual return on their capital contributions plus the 100.0% repayment of capital committed by such investors. No such distribution was incurred during the three months ended March 31, 2015 or 2014. Neither the Advisor nor any of its affiliates can earn both the subordinated participation in the net sales proceeds and the subordinated listing distribution.
	Upon termination or non-renewal of the advisory agreement, the Advisor will receive distributions from the OP equal to 15.0% of the amount by which the sum of the Company's market value plus distributions exceeds the sum of the aggregate capital contributed by investors plus an amount equal to an annual 7.0% cumulative, pre-tax non-compounded return to investors. The Advisor may elect to defer its right to receive a subordinated distribution upon termination until either a listing on a national securities exchange or other liquidity event occurs.

Economic_Dependency

Economic Dependency	3 Months Ended
	Mar. 31, 2015
Economic Dependency [Abstract]
Economic Dependency	Economic Dependency
	Under various agreements, the Company has engaged or will engage the Advisor, its affiliates and entities under common control with the Advisor to provide certain services that are essential to the Company, including asset management services, supervision of the management and leasing of properties owned by the Company, asset acquisition and disposition decisions, the sale of shares of the Company's common stock available for issue, transfer agency services, as well as other administrative responsibilities for the Company including accounting services, transaction management services and investor relations.
	As a result of these relationships, the Company is dependent upon the Advisor and its affiliates. In the event that these companies are unable to provide the Company with the respective services, the Company will be required to find alternative providers of these services.

ShareBased_Compensation

Share-Based Compensation	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Share-Based Compensation
	Stock Option Plan
	The Company has a stock option plan (the "Plan") which authorizes the grant of nonqualified stock options to the Company's independent directors, officers, advisors, consultants and other personnel, subject to the absolute discretion of the board of directors and the applicable limitations of the Plan. The exercise price for all stock options granted under the Plan will be fixed at $10.00 per share until the termination of the IPO, and thereafter the exercise price for stock options granted to the independent directors will be equal to the fair market value of a share on the last business day preceding the annual meeting of stockholders. A total of 0.5 million shares have been authorized and reserved for issuance under the Plan. As of March 31, 2015 and December 31, 2014, no stock options were issued under the Plan.
	Restricted Share Plan
	The Company has an employee and director incentive restricted share plan (the "RSP"), which provides for the automatic grant of 3,000 restricted shares of common stock to each of the independent directors, without any further approval by the Company's board of directors or the stockholders, on the date of initial election to the board of directors and on the date of each annual stockholders' meeting. Restricted stock issued to independent directors will vest over a five-year period following the date of grant in increments of 20.0% per annum. The RSP provides the Company with the ability to grant awards of restricted shares to the Company's directors, officers and employees (if the Company ever has employees), employees of the Advisor and its affiliates, employees of entities that provide services to the Company, directors of the Advisor or of entities that provide services to the Company, certain consultants to the Company and the Advisor and its affiliates or to entities that provide services to the Company. The total number of shares of common stock granted under the RSP may not exceed 5.0% of the Company's outstanding shares of common stock on a fully diluted basis at any time and in any event will not exceed 7.5 million shares (as such number may be adjusted for stock splits, stock dividends, combinations and similar events).
	Restricted share awards entitle the recipient to receive shares of common stock from the Company under terms that provide for vesting over a specified period of time. Such awards would typically be forfeited with respect to the unvested shares upon the termination of the recipient's employment or other relationship with the Company. Restricted shares may not, in general, be sold or otherwise transferred until restrictions are removed and the shares have vested. Holders of restricted shares may receive cash distributions prior to the time that the restrictions on the restricted shares have lapsed. Any distributions payable in shares of common stock will be subject to the same restrictions as the underlying restricted shares. The following table reflects restricted share award activity for the three months ended March 31, 2015:
		Number of Shares of Restricted Stock			Weighted-Average Issue Price Per Share
	Unvested, December 31, 2014	15,600			$	9.08
	Vested	(600	)		10
	Unvested, March 31, 2015	15,000			$	9.04
	As of March 31, 2015, the Company had $0.1 million of unrecognized compensation cost related to unvested restricted share awards granted under the Company's RSP. That cost is expected to be recognized over a weighted-average period of 3.5 years.
	The fair value of the restricted shares is being expensed on a straight-line basis over the service period of five years. Compensation expense related to restricted stock was approximately $10,000 and $11,000 during the three months ended March 31, 2015 and 2014, respectively.
	Other Share-Based Compensation
	The Company may issue common stock in lieu of cash to pay fees earned by the Company's directors, at each director's election. There are no restrictions on the shares issued since these payments in lieu of cash relate to fees earned for services performed. The following table reflects the shares of common stock issued to directors in lieu of cash compensation:
			Three Months Ended March 31,
			2015				2014
	Shares issued in lieu of cash		—				500
	Value of shares issued in lieu of cash (in thousands)		$	—			$	4

Net_Income_Loss_Per_Share

Net Income (Loss) Per Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	Net Income (Loss) Per Share
	The following is a summary of the basic and diluted net income (loss) per share computation for the three months ended March 31, 2015 and 2014:
		Three Months Ended March 31,
		2015		2014
	Net income (loss) (in thousands)	$	46	$	(599	)
	Basic weighted-average shares outstanding	95,040,086		12,997,881
	Basic net income (loss) per share	$	0	$	(0.05	)
	Diluted weighted-average shares outstanding	95,040,288		12,997,881
	Diluted net income (loss) per share	$	0	$	(0.05	)
	Diluted net income (loss) per share assumes the conversion of all common stock equivalents into an equivalent number of common shares, unless the effect is antidilutive. The Company considers unvested restricted stock, OP Units and Class B Units to be common share equivalents, and thus were included in the calculation of diluted net income per share for the three months ended March 31, 2015 to the extent their effect was dilutive. The Company had the following common share equivalents as of March 31, 2014, which were excluded from the calculation of diluted net loss per share for the three months ended March 31, 2014, as their effect would have been antidilutive:
		Three Months Ended
		March 31, 2014
	Unvested restricted stock	18,600
	OP Units	202
	Class B Units	21,400
	Total common stock equivalents	40,202

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events
	The Company has evaluated subsequent events through the filing of this Quarterly Report on Form 10-Q, and determined that there have not been any events that have occurred that would require adjustments to, or disclosures in, the consolidated financial statements except for the following disclosures:
	Acquisitions
	The following table presents certain information about the properties the Company acquired from April 1, 2015 to May 14, 2015:
	(Dollar amounts in thousands)	Number of Properties	Base Purchase Price (1)		Rentable Square Feet
	Total portfolio — March 31, 2015	21	$	741,679	4,500,130
	Acquisitions	2	43,700		313,041
	Total portfolio — May 14, 2015	23	$	785,379	4,813,171
	_______________________________
	(1) Contract purchase price, net of purchase price adjustments, excluding acquisition related costs.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board ("FASB") issued revised guidance relating to revenue recognition. Under the revised guidance, an entity is required to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The revised guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is not permitted under GAAP. The revised guidance allows entities to apply the full retrospective or modified retrospective transition method upon adoption. In April 2015, the FASB proposed a one-year delay of the revised guidance, although entities will be allowed to early adopt the guidance as of the original effective date. The Company has not yet selected a transition method and is currently evaluating the impact of the new guidance.
	In February 2015, the FASB amended the accounting for consolidation of certain legal entities. The amendments modify the evaluation of whether certain legal entities are variable interest entities ("VIEs") or voting interest entities, eliminate the presumption that a general partner should consolidate a limited partnership and affect the consolidation analysis of reporting entities that are involved with VIEs (particularly those that have fee arrangements and related party relationships). The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. If the Company decides to early adopt the revised guidance in an interim period, any adjustments will be reflected as of the beginning of the fiscal year that includes the interim period. The Company is currently evaluating the impact of the new guidance.
	In April 2015, the FASB amended the presentation of debt issuance costs on the balance sheet. The amendments require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted for financial statements that have not previously been issued. If the Company decides to early adopt the revised guidance in an interim period, any adjustments will be reflected as of the beginning of the fiscal year that includes the interim period. The Company is currently evaluating the impact of the new guidance.

Real_Estate_Investments_Tables

Real Estate Investments (Tables)	3 Months Ended
	Mar. 31, 2015
Real Estate [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following table presents the allocation of the assets acquired and liabilities assumed during the three months ended March 31, 2015. There were no assets acquired or liabilities assumed during the three months ended March 31, 2014:
			Three Months Ended
	(Dollar amounts in thousands)		March 31, 2015
	Real estate investments, at cost (1):
	Land		$	7,866
	Buildings, fixtures and improvements		15,218
	Total tangible assets		23,084
	Acquired intangibles:
	In-place leases		2,067
	Above-market lease assets		2,328
	Below-market lease liabilities		(1,383		)
	Total intangible real estate investments, net		3,012
	Cash paid for acquired real estate investments		$	26,096
	Number of properties purchased		1
	_____________________
	-1	Real estate investments, at cost, acquired during the three months ended March 31, 2015 have been provisionally allocated pending receipt and review of final appraisals and/or other information on such assets prepared by third party specialists.
Business Acquisition, Pro Forma Information	The following table presents unaudited pro forma information as if the acquisition during the three months ended March 31, 2015 had been consummated on January 1, 2014. Additionally, the unaudited pro forma net income was adjusted to reclassify acquisition and transaction related expense of $0.6 million from the three months ended March 31, 2015 to the three months ended March 31, 2014:
			Three Months Ended March 31,
	(In thousands)		2015 (1)			2014
	Pro forma revenues		$	21,640		$	21,474
	Pro forma net income		$	1,100		$	3,130
	_____________________
	-1	For the three months ended March 31, 2015, aggregate revenues and net income derived from the Company's 2015 acquisition (for the Company's period of ownership) were $1.0 million and $0.3 million, respectively.
Schedule of Future Minimum Rental Payments for Operating Leases	The following table presents future minimum base rent payments on a cash basis due to the Company over the next five years and thereafter. These amounts exclude contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes among other items:
	(In thousands)		Future Minimum
			Base Rent Payments
	April 1, 2015 to December 31, 2015		$	45,836
	2016		59,483
	2017		55,817
	2018		44,154
	2019		30,803
	Thereafter		131,930
			$	368,023
Schedule of Annualized Rental Income by Major Tenants	The following table lists the tenants (including, for this purpose, all affiliates of such tenants) whose annualized rental income on a straight-line basis represented 10.0% or greater of consolidated annualized rental income on a straight-line basis for all portfolio properties as of March 31, 2015 and 2014:
			March 31,
	Tenant		2015		2014
	Toys "R" Us		*		10.30%
	____________________________
	*	Tenant's annualized rental income on a straight-line basis was not greater than or equal to 10.0% of consolidated annualized rental income on a straight-line basis for all portfolio properties as of the date specified.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas	The following table lists the states where the Company has concentrations of properties where annualized rental income on a straight-line basis represented 10.0% or greater of consolidated annualized rental income on a straight-line basis as of March 31, 2015 and 2014:
			March 31,
	State		2015		2014
	Minnesota		16.30%		*
	Texas		13.50%		53.20%
	Florida		12.90%		*
	North Carolina		11.80%		*
	Oklahoma		11.10%		*
	Missouri		*		46.80%
	____________________________
	*	State's annualized rental income on a straight-line basis was not greater than or equal to 10.0% of consolidated annualized rental income for all portfolio properties as of the date specified.

Mortgage_Notes_Payable_Tables

Mortgage Notes Payable (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The Company's mortgage notes payable as of March 31, 2015 and December 31, 2014 consist of the following:
					Outstanding Loan Amount as of				Effective Interest Rate as of
	Portfolio		Encumbered Properties		March 31,		December 31,		March 31,			December 31,			Interest Rate		Maturity Date
					2015		2014		2015			2014
					(In thousands)		(In thousands)
	Liberty Crossing		1		$	11,000	$	11,000	4.66	%		4.66	%		Fixed		Jul. 2018
	San Pedro Crossing (1)		1		17,985		17,985		3.79	%		3.79	%		Fixed		Jan. 2018
	Tiffany Springs MarketCenter		1		33,802		33,802		3.92	%		3.92	%		Fixed	(2)	Oct. 2018
	Shops at Shelby Crossing		1		24,051		24,144		4.97	%		4.97	%		Fixed		Mar. 2024
	Total		4		$	86,838	$	86,931	4.28	%	(3)	4.28	%	(3)
	_________________________________
	-1	Payments and obligations pursuant to this mortgage agreement are guaranteed by the Parent of the Sponsor.
	-2	Fixed as a result of entering into a swap agreement.
	-3	Calculated on a weighted-average basis for all mortgages outstanding as of
Schedule of Maturities of Long-term Debt	The following table summarizes the scheduled aggregate principal payments for the Company's mortgage notes payable for the five years subsequent to March 31, 2015:
	(In thousands)		Future Principal Payments
	April 1, 2015 to December 31, 2015		$	270
	2016		378
	2017		400
	2018		63,208
	2019		443
	Thereafter		22,139
			$	86,838

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping	The following table presents information about the Company's assets and liabilities measured at fair value on a recurring basis as of March 31, 2015 and December 31, 2014, aggregated by the level in the fair value hierarchy within which those instruments fall:
	(In thousands)	Quoted Prices				Significant Other				Significant				Total
		in Active				Observable				Unobservable
		Markets				Inputs				Inputs
		Level 1				Level 2				Level 3
	March 31, 2015
	Interest rate swap	$	—			$	(610	)		$	—			$	(610	)
	December 31, 2014
	Interest rate swap	$	—			$	(332	)		$	—			$	(332	)
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The fair values of the Company's remaining financial instruments that are not reported at fair value on the accompanying consolidated balance sheets are reported in the following table:
				Carrying Amount at				Fair Value at				Carrying Amount at				Fair Value at
	(In thousands)	Level		March 31, 2015				March 31, 2015				December 31, 2014				December 31, 2014
	Mortgage notes payable and premium, net	3		$	87,121			$	88,456			$	87,223			$	89,347

Derivatives_and_Hedging_Activi1

Derivatives and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments, Gain (Loss)	As of March 31, 2015 and December 31, 2014, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:
		March 31, 2015						December 31, 2014
	Interest Rate Derivative	Number of		Notional Amount				Number of		Notional Amount
		Instruments						Instruments
				(In thousands)						(In thousands)
	Interest Rate Swap	1		$	34,098			1		$	34,098
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the accompanying consolidated balance sheets as of March 31, 2015 and December 31, 2014:
	(In thousands)	Balance Sheet Location		March 31, 2015				December 31, 2014
	Derivatives designated as hedging instruments:
	Interest Rate Swap	Derivatives, at fair value		$	(610	)		$	(332	)
Schedule of Interest Rate Derivatives	The table below details the location in the accompanying consolidated financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the three months ended March 31, 2015 and 2014.
		Three Months Ended March 31,
	(In thousands)	2015				2014
	Amount of gain (loss) recognized in accumulated other comprehensive loss from interest rate derivatives (effective portion)	$	(399	)		$	(169	)
	Amount of gain (loss) reclassified from accumulated other comprehensive loss into income as interest expense (effective portion)	$	(123	)		$	(124	)
	Amount of gain (loss) recognized in income on derivative (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing) *	$	(2	)		$	—
	_________________________________
	* The Company reclassified approximately $2,000 of other comprehensive loss to interest expense during the three months ended March 31, 2015, which represented the ineffective portion of the change in fair value of the derivative.
Offsetting Assets	The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of March 31, 2015 and December 31, 2014. The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the accompanying consolidated balance sheets:
													Gross Amounts Not Offset on the Balance Sheet
	(In thousands)	Gross Amounts of Recognized Liabilities				Gross Amounts Offset on the Balance Sheet				Net Amounts of Liabilities presented on the Balance Sheet			Financial Instruments		Cash Collateral Received (Posted)		Net Amount
	March 31, 2015	$	(610	)		$	—			$	(610	)	$	—	$	—	$	(610	)
	December 31, 2014	$	(332	)		$	—			$	(332	)	$	—	$	—	$	(332	)

Common_Stock_Tables

Common Stock (Tables)	3 Months Ended
	Mar. 31, 2015
Equity [Abstract]
Class of Treasury Stock	The following table summarizes the repurchases of shares under the SRP cumulatively through March 31, 2015:
			Number of Requests	Number of Shares Repurchased	Weighted-Average Price per Share
	Cumulative repurchases as of December 31, 2014		19	73,492	$	9.82
	Three Months Ended March 31, 2015		11	43,810	9.89
	Cumulative repurchases as of March 31, 2015 (1)		30	117,302	$	9.85
	_____________________
	-1	Includes 11 unfulfilled repurchase requests consisting of 43,810 shares with a weighted-average repurchase price per share of $9.89, which were approved for repurchase as of March 31, 2015 and were completed during the second quarter of 2015. This liability is included in accounts payable and accrued expenses on the Company's consolidated balance sheet as of March 31, 2015.

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	The Company entered into lease agreements related to certain acquisitions under leasehold interest arrangements. The following table reflects the minimum base cash rental payments due from the Company over the next five years and thereafter:
	(In thousands)	Future Minimum Base Rent Payments
	April 1, 2015 to December 31, 2015	$	372
	2016	504
	2017	514
	2018	524
	2019	535
	Thereafter	9,923
		$	12,372

Related_Party_Transactions_and1

Related Party Transactions and Arrangements (Tables)	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Schedule of Selling Commissions and Dealer Manager Fees Payable to Affiliate	The following table details total selling commissions and dealer manager fees incurred by the Company during the three months ended March 31, 2015 and 2014 and payable to the Dealer Manager as of March 31, 2015 and December 31, 2014:
			Three Months Ended March 31,				Payable as of
	(In thousands)		2015		2014		March 31, 2015			December 31, 2014
	Total commissions and fees to the Dealer Manager		$	—	$	12,947	$	—		$	—
Schedule Of Offering Costs Reimbursements to Related Party	The following table details offering costs and reimbursements incurred during the three months ended March 31, 2015 and 2014 and payable to the Advisor and Dealer Manager as of March 31, 2015 and December 31, 2014:
			Three Months Ended March 31,				Payable (Receivable) as of
	(In thousands)		2015		2014		March 31, 2015			December 31, 2014
	Fees and expense reimbursements to the Advisor and Dealer Manager		$	—	$	422	$	(29	)	$	1,152
Schedule of Amount Contractually Due and Forgiven in Connection With Operation Related Services	The following table details amounts incurred and forgiven during the three months ended March 31, 2015 and 2014 and amounts contractually due as of March 31, 2015 and December 31, 2014 in connection with the operations related services described above:
			Three Months Ended March 31,									Payable as of
			2015				2014					March 31, 2015		December 31, 2014
	(In thousands)		Incurred		Forgiven		Incurred			Forgiven
	One-time fees and reimbursements:
	Acquisition fees and related cost reimbursements		$	394	$	—	$	—		$	—	$	—	$	—
	Financing coordination fees (1)		—		—		—			—		—		—
	Ongoing fees:
	Asset management fees (2)		—		—		—			—		—		—
	Property management and leasing fees		—		—		—			—		—		—
	Transfer agent and other professional services		632		—		—			—		770		617
	Strategic advisory fees		—		—		149			—		—		—
	Distributions on Class B Units		27		—		—			—		27		—
	Total related party operation fees and reimbursements		$	1,053	$	—	$	149		$	—	$	797	$	617
	_________________________________
	-1	These fees have been capitalized to deferred costs, net on the consolidated balance sheets.
	-2	Effective October 1, 2013, the Company causes the OP to issue (subject to approval by the board of directors) to the Advisor restricted performance-based Class B Units for asset management services, which will be forfeited immediately if certain conditions occur.

ShareBased_Compensation_Tables

Share-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity	The following table reflects restricted share award activity for the three months ended March 31, 2015:
		Number of Shares of Restricted Stock			Weighted-Average Issue Price Per Share
	Unvested, December 31, 2014	15,600			$	9.08
	Vested	(600	)		10
	Unvested, March 31, 2015	15,000			$	9.04
Schedule of Share-based Compensation, Activity for Services	The following table reflects the shares of common stock issued to directors in lieu of cash compensation:
			Three Months Ended March 31,
			2015				2014
	Shares issued in lieu of cash		—				500
	Value of shares issued in lieu of cash (in thousands)		$	—			$	4

Net_Income_Loss_Per_Share_Tabl

Net Income (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following is a summary of the basic and diluted net income (loss) per share computation for the three months ended March 31, 2015 and 2014:
		Three Months Ended March 31,
		2015		2014
	Net income (loss) (in thousands)	$	46	$	(599	)
	Basic weighted-average shares outstanding	95,040,086		12,997,881
	Basic net income (loss) per share	$	0	$	(0.05	)
	Diluted weighted-average shares outstanding	95,040,288		12,997,881
	Diluted net income (loss) per share	$	0	$	(0.05	)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The Company had the following common share equivalents as of March 31, 2014, which were excluded from the calculation of diluted net loss per share for the three months ended March 31, 2014, as their effect would have been antidilutive:
		Three Months Ended
		March 31, 2014
	Unvested restricted stock	18,600
	OP Units	202
	Class B Units	21,400
	Total common stock equivalents	40,202

Subsequent_Events_Tables

Subsequent Events (Tables)	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Schedule of Subsequent Events	The following table presents certain information about the properties the Company acquired from April 1, 2015 to May 14, 2015:
	(Dollar amounts in thousands)	Number of Properties	Base Purchase Price (1)		Rentable Square Feet
	Total portfolio — March 31, 2015	21	$	741,679	4,500,130
	Acquisitions	2	43,700		313,041
	Total portfolio — May 14, 2015	23	$	785,379	4,813,171
	_______________________________
	(1) Contract purchase price, net of purchase price adjustments, excluding acquisition related costs.

Organization_Details

Organization (Details) (USD $)	53 Months Ended	56 Months Ended
	Dec. 31, 2014	Mar. 31, 2015		Sep. 19, 2014	Mar. 14, 2014	Mar. 17, 2011
		sqft
		property
Operations [Line Items]
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, authorized (in shares)	300,000,000	300,000,000			75,000,000
Maximum amount of offering from universal shelf registration statement				$25,000,000
Common stock, outstanding (in shares)	94,448,748	95,315,616
Proceeds from Issuance of stock	938,700,000	946,900,000
Total real estate investments, at cost		741,679,000	[1]
Number of real estate properties		21
Square Feet		4,500,130
Real estate property, occupancy rate		94.90%
Minimum
Operations [Line Items]
Total real estate investments, at cost		$20,000,000
Required occupancy rate for acquisition targets		80.00%
Common Stock
Operations [Line Items]
Shares available for issuance under initial public offering (in shares)						150,000,000
Common stock, par value (in dollars per share)					0.01	$0.01
Shares issued or available for issuance under initial public offering (in dollars per share)					10	$10
Shares available for issuance under a distribution reinvestment plan (in shares)					12,500,000	25,000,000
Common Stock | Minimum
Operations [Line Items]
Shares issued or available for issuance under a distribution reinvestment plan (in dollars per share)						$9.50
Percent of estimated value of a share of common stock						95.00%
Advisor | American Realty Capital Retail Advisor, LLC
Operations [Line Items]
OP units held (in shares)	202	202
[1]	Contract purchase price, net of purchase price adjustments, excluding acquisition related costs.

Real_Estate_Investments_Narrat

Real Estate Investments Narrative (Details) (USD $)

3 Months Ended

0 Months Ended

In Thousands, unless otherwise specified

Mar. 31, 2015

Mar. 31, 2014

Dec. 21, 2012

Sep. 26, 2013

Jun. 04, 2014

Aug. 15, 2014

Aug. 27, 2014

Sep. 05, 2014

Sep. 29, 2014

Oct. 29, 2014

Dec. 18, 2014

Dec. 23, 2014

Mar. 25, 2015

property

Business Acquisition [Line Items]

Number of real estate properties

21

Number of properties representing more than 5% of total portfolio

12

Cash paid for acquired real estate investments

$26,096

[1]

Acquisition and transaction related

580

20

San Pedro Crossing - Senior Loan

Business Acquisition [Line Items]

Cash paid for acquired real estate investments

32,600

Tiffany Springs MarketCenter

Business Acquisition [Line Items]

Cash paid for acquired real estate investments

53,500

Prairie Towne Center

Business Acquisition [Line Items]

Cash paid for acquired real estate investments

25,300

Northwoods Marketplace

Business Acquisition [Line Items]

Cash paid for acquired real estate investments

34,800

Centennial Plaza

Business Acquisition [Line Items]

Cash paid for acquired real estate investments

27,600

Shops at Shelby Crossing

Business Acquisition [Line Items]

Cash paid for acquired real estate investments

29,900

The Centrum

Business Acquisition [Line Items]

Cash paid for acquired real estate investments

34,900

Southroads Shopping Center

Business Acquisition [Line Items]

Cash paid for acquired real estate investments

57,300

Colonial Landing

Business Acquisition [Line Items]

Cash paid for acquired real estate investments

37,200

The Shops at West End

Business Acquisition [Line Items]

Cash paid for acquired real estate investments

114,700

Township Marketplace

Business Acquisition [Line Items]

Cash paid for acquired real estate investments

41,100

Cross Pointe Center

Business Acquisition [Line Items]

Cash paid for acquired real estate investments

26,100

Acquisition and Transaction Related Line Items | San Pedro Crossing - Senior Loan

Business Acquisition [Line Items]

Acquisition and transaction related

600

Acquisition and Transaction Related Line Items | Tiffany Springs MarketCenter

Business Acquisition [Line Items]

Acquisition and transaction related

900

Acquisition and Transaction Related Line Items | Prairie Towne Center

Business Acquisition [Line Items]

Acquisition and transaction related

400

Acquisition and Transaction Related Line Items | Northwoods Marketplace

Business Acquisition [Line Items]

Acquisition and transaction related

700

Acquisition and Transaction Related Line Items | Centennial Plaza

Business Acquisition [Line Items]

Acquisition and transaction related

500

Acquisition and Transaction Related Line Items | Shops at Shelby Crossing

Business Acquisition [Line Items]

Acquisition and transaction related

500

Acquisition and Transaction Related Line Items | The Centrum

Business Acquisition [Line Items]

Acquisition and transaction related

600

Acquisition and Transaction Related Line Items | Southroads Shopping Center

Business Acquisition [Line Items]

Acquisition and transaction related

1,000

Acquisition and Transaction Related Line Items | Colonial Landing

Business Acquisition [Line Items]

Acquisition and transaction related

700

Acquisition and Transaction Related Line Items | The Shops at West End

Business Acquisition [Line Items]

Acquisition and transaction related

1,900

Acquisition and Transaction Related Line Items | Township Marketplace

Business Acquisition [Line Items]

Acquisition and transaction related

1,200

Acquisition and Transaction Related Line Items | Cross Pointe Center

Business Acquisition [Line Items]

Acquisition and transaction related

$500

[1]

Real estate investments, at cost, acquired during theB three months ended MarchB 31, 2015B have been provisionally allocated pending receipt and review of final appraisals and/or other information on such assets prepared by third party specialists.

Real_Estate_Investments_Schedu

Real Estate Investments (Schedule of Real Estate Properties) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
	property
Business Acquisition [Line Items]
Land	$7,866	[1]
Buildings, fixtures and improvements	15,218	[1]
Total tangible assets	23,084	[1]
Acquired intangibles:	3,012	[1]
Below-market lease liabilities	-1,383	[1]
Cash paid for acquired real estate investments	26,096	[1]
Number of properties purchased	1	[1]
Acquisition and transaction related	580		20
In-place leases
Business Acquisition [Line Items]
Acquired intangibles:	2,067	[1]
Above-market lease assets
Business Acquisition [Line Items]
Acquired intangibles:	$2,328	[1]
[1]	Real estate investments, at cost, acquired during theB three months ended MarchB 31, 2015B have been provisionally allocated pending receipt and review of final appraisals and/or other information on such assets prepared by third party specialists.

Real_Estate_Investments_ProFor

Real Estate Investments (Pro-Forma) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma revenues	$21,640	[1]	$21,474
Pro forma net loss	1,100	[1]	3,130
Revenues	21,095		2,799
Net income (loss)	46		-599
2014 Acquisitions [Member]
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Revenues	1,000
Net income (loss)	$300
[1]	For the three months ended MarchB 31, 2015, aggregate revenues and net income derived from the Company's 2015 acquisition (for the Company's period of ownership) were $1.0 million and $0.3 million, respectively.

Real_Estate_Investments_Schedu1

Real Estate Investments (Schedule of Future Minimum Rental Payments for Operating Leases) (Details) (USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Real Estate [Abstract]
April 1, 2015 to December 31, 2015	$45,836
2016	59,483
2017	55,817
2018	44,154
2019	30,803
Thereafter	131,930
Total	$368,023

Real_Estate_Investments_Schedu2

Real Estate Investments (Schedule of Annualized Rental Income by Major Tenants) (Details) (Toys R Us)	3 Months Ended
	Mar. 31, 2014
Toys R Us
Revenue, Major Customer [Line Items]
Major tenant rental income, as a percentage of total annualized rental income	10.30%

Real_Estate_Investments_Schedu3

Real Estate Investments (Schedule of Revenue from External Customers and Long-Lived Assets, by Geographic Areas) (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Minnesota
Revenues from External Customers and Long-Lived Assets [Line Items]
Entity wide revenue, major state, percentage	16.30%
Texas
Revenues from External Customers and Long-Lived Assets [Line Items]
Entity wide revenue, major state, percentage	13.50%	53.20%
Florida
Revenues from External Customers and Long-Lived Assets [Line Items]
Entity wide revenue, major state, percentage	12.90%
North Carolina
Revenues from External Customers and Long-Lived Assets [Line Items]
Entity wide revenue, major state, percentage	11.80%
Oklahoma
Revenues from External Customers and Long-Lived Assets [Line Items]
Entity wide revenue, major state, percentage	11.10%
Missouri
Revenues from External Customers and Long-Lived Assets [Line Items]
Entity wide revenue, major state, percentage		46.80%

Credit_Facility_Details

Credit Facility (Details) (USD $)	0 Months Ended		3 Months Ended
	Dec. 02, 2014	Jun. 11, 2014	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 02, 2014
Operating Partnership
Line of Credit Facility [Line Items]
Additional borrowing capacity		250,000,000
Unused capacity commitment fee		0.35%
Unused capacity commitment fee percentage less than 50%		0.25%
Operating Partnership | Swing Line
Line of Credit Facility [Line Items]
Maximum borrowing capacity		25,000,000
Maximum amount of swing line commitment of total commitment		10.00%
Operating Partnership | Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity		100,000,000
Operating Partnership | Letter of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity		5,000,000
Operating Partnership Amended Credit Facility
Line of Credit Facility [Line Items]
Additional borrowing capacity	575,000,000					575,000,000
Unused borrowing capacity amount			325,000,000
Line of credit outstanding			0		0
Minimum use percentage	50.00%	50.00%
Unused borrowing capacity fee			200,000	0
Operating Partnership Amended Credit Facility | Swing Line
Line of Credit Facility [Line Items]
Maximum borrowing capacity	25,000,000					25,000,000
Operating Partnership Amended Credit Facility | Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	325,000,000					325,000,000
Operating Partnership Amended Credit Facility | Letter of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$20,000,000					$20,000,000
Line of Credit Facility, Interest Rate, Option One | Federal Funds Effective Rate | Operating Partnership Amended Credit Facility
Line of Credit Facility [Line Items]
Variable interest rate	0.50%
Line of Credit Facility, Interest Rate, Option One | London Interbank Offered Rate (LIBOR) | Operating Partnership Amended Credit Facility
Line of Credit Facility [Line Items]
Variable interest rate	1.00%
Minimum | Line of Credit Facility, Interest Rate, Option One | London Interbank Offered Rate (LIBOR) | Operating Partnership Amended Credit Facility
Line of Credit Facility [Line Items]
Variable interest rate	0.35%
Minimum | Line of Credit Facility, Interest Rate, Option Two | London Interbank Offered Rate (LIBOR) | Operating Partnership Amended Credit Facility
Line of Credit Facility [Line Items]
Variable interest rate	1.35%
Maximum | Line of Credit Facility, Interest Rate, Option One | London Interbank Offered Rate (LIBOR) | Operating Partnership Amended Credit Facility
Line of Credit Facility [Line Items]
Variable interest rate	1.00%
Maximum | Line of Credit Facility, Interest Rate, Option Two | London Interbank Offered Rate (LIBOR) | Operating Partnership Amended Credit Facility
Line of Credit Facility [Line Items]
Variable interest rate	2.00%
Net Worth Greater Than $500 Million | Operating Partnership Amended Credit Facility
Line of Credit Facility [Line Items]
Unused capacity commitment fee	0.25%
Unused capacity commitment fee percentage less than 50%	0.15%

Mortgage_Notes_Payable_Schedul

Mortgage Notes Payable (Schedule of Mortgage Notes Payable) (Details) (USD $)	Mar. 31, 2015		Dec. 31, 2014
In Thousands, unless otherwise specified
Debt Instrument [Line Items]
Outstanding Loan Amount	$86,838		$86,931
Mortgage notes payable and premium, net
Debt Instrument [Line Items]
Encumbered Properties	4
Outstanding Loan Amount	86,838		86,931
Effective Interest Rate	4.28%	[1]	4.28%	[1]
Mortgage notes payable and premium, net | Tiffany Springs
Debt Instrument [Line Items]
Encumbered Properties	1
Outstanding Loan Amount	33,802		33,802
Effective Interest Rate	3.92%		3.92%
Mortgage notes payable and premium, net | Shops at Shelby Crossing
Debt Instrument [Line Items]
Encumbered Properties	1
Outstanding Loan Amount	24,051		24,144
Effective Interest Rate	4.97%		4.97%
Senior Loans | Mortgage notes payable and premium, net | San Pedro Crossing - Senior Loan
Debt Instrument [Line Items]
Encumbered Properties	1	[2]
Outstanding Loan Amount	17,985	[2]	17,985	[2]
Effective Interest Rate	3.79%	[2]	3.79%	[2]
Refinanced Loan | Mortgage notes payable and premium, net | Liberty Crossing - Refinanced Loan
Debt Instrument [Line Items]
Encumbered Properties	1	[2]
Outstanding Loan Amount	$11,000	[2]	$11,000	[2]
Effective Interest Rate	4.66%	[2]	4.66%	[2]
[1]	Calculated on a weighted-average basis for all mortgages outstanding as of
[2]	Payments and obligations pursuant to this mortgage agreement are guaranteed by the Parent of the Sponsor.

Mortgage_Notes_Payable_Schedul1

Mortgage Notes Payable (Schedule Of Aggregate Future Principal Payments On Mortgage Notes Payable) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Debt Instrument [Line Items]
Total	$86,838	$86,931
Mortgage notes payable and premium, net
Debt Instrument [Line Items]
April 1, 2015 to December 31, 2015	270
2016	378
2017	400
2018	63,208
2019	443
Thereafter	22,139
Total	$86,838	$86,931

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability	($610)	($332)
Fair Value, Measurements, Recurring | Interest rate swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability	-610	-332
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets Level 1 | Interest rate swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability	0	0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs Level 2 | Interest rate swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability	-610	-332
Fair Value, Measurements, Recurring | Significant Unobservable Inputs Level 3 | Interest rate swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability	$0	$0

Fair_Value_of_Financial_Instru3

Fair Value of Financial Instruments (Fair Value, by Balance Sheet Grouping) (Details) (Significant Unobservable Inputs Level 3, Mortgage notes payable and premium, net, USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt, fair value	$87,121	$87,223
Total
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt, fair value	$88,456	$89,347

Derivatives_and_Hedging_Activi2

Derivatives and Hedging Activities (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015
Derivative [Line Items]
Interest rate derivatives, at fair value, including adjustments for nonperformance risk	$0.70
Designated as Hedging Instrument | Interest Expense | Cash Flow Hedging | Interest rate swap
Derivative [Line Items]
Reclassification estimated of time to transfer	12 months
Reclassified amount from AOCI to income	0.4
Interest rate swap | Designated as Hedging Instrument | Cash Flow Hedging
Derivative [Line Items]
Assets needed for immediate settlement	$0.70

Derivatives_and_Hedging_Activi3

Derivatives and Hedging Activities - Schedule of Interest Rate Derivatives (Details) (Designated as Hedging Instrument, Cash Flow Hedging, Interest Rate Swap, USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	derivative	derivative
Designated as Hedging Instrument | Cash Flow Hedging | Interest Rate Swap
Derivative [Line Items]
Number of Instruments	1	1
Notional Amount	$34,098	$34,098

Derivatives_and_Hedging_Activi4

Derivatives and Hedging Activities - Schedule of Derivative Instruments in Statement of Financial Position (Details) (Derivatives, at fair value, Designated as Hedging Instrument, Cash Flow Hedging, Interest Rate Swap, USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Derivatives, at fair value | Designated as Hedging Instrument | Cash Flow Hedging | Interest Rate Swap
Derivative [Line Items]
Interest Rate Derivative Liabilities, at Fair Value	($610)	($332)

Derivatives_and_Hedging_Activi5

Derivatives and Hedging Activities - Derivative Instruments, Gain (Loss) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in accumulated other comprehensive loss from interest rate derivatives (effective portion)	($276)		($45)
Amount of gain (loss) recognized in income on derivative (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing)	-2		0
Interest rate swap | Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in accumulated other comprehensive loss from interest rate derivatives (effective portion)	-399		-169
Amount of gain (loss) recognized in income on derivative (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing)	-2	[1]	0	[1]
Interest rate swap | Interest Expense | Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) reclassified from accumulated other comprehensive loss into income as interest expense (effective portion)	($123)		($124)
[1]	The Company reclassified approximately $2,000 of other comprehensive loss to interest expense during the three months ended MarchB 31, 2015, which represented the ineffective portion of the change in fair value of the derivative.

Derivatives_and_Hedging_Activi6

Derivatives and Hedging Activities - Schedule of Offsetting Liabilities (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gross Amounts of Recognized Liabilities	($610)	($332)
Gross Amounts Offset on the Balance Sheet	0	0
Net Amounts of Liabilities presented on the Balance Sheet	-610	-332
Financial Instruments	0	0
Cash Collateral Received (Posted)	0	0
Net Amount	($610)	($332)

Common_Stock_Common_Stock_Deta

Common Stock - Common Stock (Details) (USD $)	0 Months Ended	3 Months Ended		53 Months Ended	56 Months Ended
	Sep. 19, 2011	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Mar. 31, 2015
Class of Stock [Line Items]
Common stock, outstanding (in shares)		95,315,616		94,448,748	95,315,616
Proceeds from Issuance of stock				$938,700,000	$946,900,000
Dividends declared per day (in dollars per share)	$0.00
Dividends declared (in dollars per share)	$0.64
Annual authorized amount as a percentage		5.00%			5.00%
Common stock issued through distribution reinvestment plan		8,651,000	603,000
Common stock, par value (in dollars per share)		$0.01		$0.01	$0.01
One Year | Maximum
Class of Stock [Line Items]
Repurchase Price (in dollars per share)		$9.25			$9.25
Repurchase price percentage of value of capital paid		92.50%			92.50%
Two Years | Maximum
Class of Stock [Line Items]
Repurchase Price (in dollars per share)		$9.50			$9.50
Repurchase price percentage of value of capital paid		95.00%			95.00%
Three Years | Maximum
Class of Stock [Line Items]
Repurchase Price (in dollars per share)		$9.75			$9.75
Repurchase price percentage of value of capital paid		97.50%			97.50%
Four Years | Maximum
Class of Stock [Line Items]
Repurchase Price (in dollars per share)		$10			$10
Repurchase price percentage of value of capital paid		100.00%			100.00%
Common Stock
Class of Stock [Line Items]
Common stock issued through distribution reinvestment plan (in shares)		910,678
Common stock issued through distribution reinvestment plan		$9,000

Common_Stock_Stock_Repurchases

Common Stock - Stock Repurchases (Details) (USD $)	3 Months Ended	53 Months Ended	56 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2015
	request	request	request
Class of Stock [Line Items]
Number of Requests	11	19	30	[1]
Number of Shares Repurchased (in shares)	43,810	73,492	117,302	[1]
Weighted-Average Price per Share (in dollars per share)	$9.89	$9.82	$9.85	[1]
Unfunded
Class of Stock [Line Items]
Number of Requests	11
Weighted-Average Price per Share (in dollars per share)	$9.89
Number of Shares Repurchased (in shares)	43,810		43,810
[1]	Includes 11 unfulfilled repurchase requests consisting ofB 43,810B shares with a weighted-average repurchase price per share ofB $9.89, which were approved for repurchase as of MarchB 31, 2015 and were completed during the second quarter of 2015. This liability is included in accounts payable and accrued expenses on the Company's consolidated balance sheet as of MarchB 31, 2015.

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Commitments and Contingencies Disclosure [Abstract]
April 1, 2015 to December 31, 2015	$372
2016	504
2017	514
2018	524
2019	535
Thereafter	9,923
Total	$12,372

Related_Party_Transactions_and2

Related Party Transactions and Arrangements (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Maximum
Related Party Transaction [Line Items]
Liability for offering and related costs from IPO	1.50%
Total commissions and fees from the Dealer Manager
Related Party Transaction [Line Items]
Share price net (in dollars per share)	9
Sponsor and Entity Wholly Owned by Sponsor | American Realty Capital IV, LLC and American Realty Capital Retail Special Limited Partnership, LLC
Related Party Transaction [Line Items]
Operating partnership units held by related party (in shares)	242,222		242,222
Advisor | American Realty Capital Retail Advisor, LLC
Related Party Transaction [Line Items]
OP units held (in shares)	202		202
Advisor | American Realty Capital Retail Advisor, LLC | Contract Purchase Price
Related Party Transaction [Line Items]
Acquisition fees as a percentage of benchmark	1.00%
Expected third party acquisition costs	0.50%
Quarterly asset management fee	0.19%
Common stock, authorized (in shares)	169,992
Advisor | American Realty Capital Retail Advisor, LLC | Advance on Loan or Other Investment
Related Party Transaction [Line Items]
Financing advance fees as a percentage of benchmark	1.00%
Expected third party acquisition costs	0.50%
Advisor | American Realty Capital Retail Advisor, LLC | Contract Purchase Price, All Assets Acquired | Maximum
Related Party Transaction [Line Items]
Acquisition and financing coordination fees as a percentage of benchmark	1.50%
Aggregate acquisition fees and acquisition related expenses as a percentage of benchmark	4.50%
Advisor | American Realty Capital Retail Advisor, LLC | Advances On All Loans Or Other Investments | Maximum
Related Party Transaction [Line Items]
Aggregate acquisition fees and acquisition related expenses as a percentage of benchmark	4.50%
Advisor | American Realty Capital Retail Advisor, LLC | Amount Available or Outstanding Under Financing Arrangement
Related Party Transaction [Line Items]
Financing coordination fee	1.00%
Advisor | American Realty Capital Retail Advisor, LLC | Average Invested Assets | Maximum | Greater Of
Related Party Transaction [Line Items]
Operating expenses as a percentage of benchmark	2.00%
Advisor | American Realty Capital Retail Advisor, LLC | Gross Revenue, Stand-alone Single-tenant Net Leased Properties
Related Party Transaction [Line Items]
Property management fees as a percentage of benchmark	2.00%
Advisor | American Realty Capital Retail Advisor, LLC | Gross Revenue, Excluding Stand-alone Single-tenant Net Leased Properties
Related Party Transaction [Line Items]
Property management fees as a percentage of benchmark	4.00%
Advisor | American Realty Capital Retail Advisor, LLC | Gross Revenue, Managed Properties | Maximum
Related Party Transaction [Line Items]
Oversight fees as a percentage of benchmark	1.00%
Advisor | American Realty Capital Retail Advisor, LLC | Hard Costs Of Construction, Renovation and/or Tenant Finish-out
Related Party Transaction [Line Items]
Construction, renovation or tenant finish-out as a percentage of benchmark	6.00%
Advisor | American Realty Capital Retail Advisor, LLC | Net Income, Excluding Additions to Non-cash Reserves and Gains on Sales of Assets | Maximum | Greater Of
Related Party Transaction [Line Items]
Operating expenses as a percentage of benchmark	25.00%
Advisor | American Realty Capital Retail Advisor, LLC | Net Sale Proceeds, after Return of Capital Contributions and Annual Targeted Investor Return
Related Party Transaction [Line Items]
Subordinated participation fee earned	15.00%
Advisor | American Realty Capital Retail Advisor, LLC | Excess of Adjusted Market Value of Real Estate Assets Plus Distributions Over Aggregate Contributed Investor Capita
Related Party Transaction [Line Items]
Subordinated incentive listing distribution as a percentage of the benchmark	15.00%
Distribution upon nonrenewal of advisory agreement	15.00%
Advisor | Absorbed General and Administrative Expenses | American Realty Capital Retail Advisor, LLC
Related Party Transaction [Line Items]
General and administrative costs	0	$300,000
Advisor | Property operating expenses absorbed | American Realty Capital Retail Advisor, LLC
Related Party Transaction [Line Items]
General and administrative costs	0	$0
Advisor | Brokerage Commission Fees | American Realty Capital Retail Advisor, LLC | Contract Sales Price | Maximum
Related Party Transaction [Line Items]
Real estate commissions as a percentage of benchmark	2.00%
Advisor | Real Estate Commissions | American Realty Capital Retail Advisor, LLC | Contract Sales Price | Maximum
Related Party Transaction [Line Items]
Real estate commissions as a percentage of benchmark	6.00%
Advisor | Annual Targeted Investor Return | American Realty Capital Retail Advisor, LLC | Pre-tax Non-compounded Return on Capital Contribution
Related Party Transaction [Line Items]
Cumulative capital investment return to investors as a percentage of benchmark	7.00%
Repayment of capital committed	100.00%
Dealer Manager | Realty Capital Securities, LLC | Gross Proceeds, Initial Public Offering | Maximum
Related Party Transaction [Line Items]
Commission of gross offering proceeds	7.00%
Dealer Manager | Realty Capital Securities, LLC | Gross Proceeds, Common Stock | Maximum
Related Party Transaction [Line Items]
Sales commissions as a percentage of benchmark	3.00%

Related_Party_Transactions_and3

Related Party Transactions and Arrangements (Fees Paid in Connection with the IPO) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Total commissions and fees from the Dealer Manager | Realty Capital Securities, LLC | Dealer Manager
Related Party Transaction [Line Items]
Fees paid to related parties	$0	$12,947
Due to Affiliate	0		0
Fees and expense reimbursements from the Advisor and Dealer Manager | American Realty Capital Retail Advisor, LLC and Realty Capital Securities LLC | Advisor and Dealer Manager
Related Party Transaction [Line Items]
Fees paid to related parties	0	422
Due to Affiliate	($29)		$1,152

Related_Party_Transactions_and4

Related Party Transactions and Arrangements (Schedule of Amount Contractually Due and Forgiven in Connection With Operation Related Services) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014		Dec. 31, 2014
Acquisition fees and related cost reimbursements | One-time fees and reimbursements:
Related Party Transaction [Line Items]
Due to Affiliate	$0				$0
Acquisition fees and related cost reimbursements | Incurred | One-time fees and reimbursements:
Related Party Transaction [Line Items]
Related party operation fees and reimbursements	394		0
Acquisition fees and related cost reimbursements | Forgiven | One-time fees and reimbursements:
Related Party Transaction [Line Items]
Related party operation fees and reimbursements	0		0
Financing coordination fees | One-time fees and reimbursements:
Related Party Transaction [Line Items]
Due to Affiliate	0	[1]			0	[1]
Financing coordination fees | Incurred | One-time fees and reimbursements:
Related Party Transaction [Line Items]
Related party operation fees and reimbursements	0	[1]	0	[1]
Financing coordination fees | Forgiven | One-time fees and reimbursements:
Related Party Transaction [Line Items]
Related party operation fees and reimbursements	0	[1]	0	[1]
Asset management fees | Ongoing fees:
Related Party Transaction [Line Items]
Due to Affiliate	0	[2]			0	[2]
Asset management fees | Incurred | Ongoing fees:
Related Party Transaction [Line Items]
Related party operation fees and reimbursements	0	[2]	0	[2]
Asset management fees | Forgiven | Ongoing fees:
Related Party Transaction [Line Items]
Related party operation fees and reimbursements	0	[2]	0	[2]
Property management and leasing fees | Ongoing fees:
Related Party Transaction [Line Items]
Due to Affiliate	0				0
Property management and leasing fees | Incurred | Ongoing fees:
Related Party Transaction [Line Items]
Related party operation fees and reimbursements	0		0
Property management and leasing fees | Forgiven | Ongoing fees:
Related Party Transaction [Line Items]
Related party operation fees and reimbursements	0		0
Other Expense Reimbursements [Member] | Ongoing fees:
Related Party Transaction [Line Items]
Due to Affiliate	770				617
Other Expense Reimbursements [Member] | Incurred | Ongoing fees:
Related Party Transaction [Line Items]
Related party operation fees and reimbursements	632		0
Other Expense Reimbursements [Member] | Forgiven | Ongoing fees:
Related Party Transaction [Line Items]
Related party operation fees and reimbursements	0		0
Strategic advisory fees | Ongoing fees:
Related Party Transaction [Line Items]
Due to Affiliate	0				0
Strategic advisory fees | Incurred | Ongoing fees:
Related Party Transaction [Line Items]
Related party operation fees and reimbursements	0		149
Strategic advisory fees | Forgiven | Ongoing fees:
Related Party Transaction [Line Items]
Related party operation fees and reimbursements	0		0
Distributions on Class B Units | Ongoing fees:
Related Party Transaction [Line Items]
Due to Affiliate	27				0
Distributions on Class B Units | Incurred | Ongoing fees:
Related Party Transaction [Line Items]
Related party operation fees and reimbursements	27		0
Distributions on Class B Units | Forgiven | Ongoing fees:
Related Party Transaction [Line Items]
Related party operation fees and reimbursements	0		0
Total related party operation fees and reimbursements
Related Party Transaction [Line Items]
Due to Affiliate	797				617
Total related party operation fees and reimbursements | Incurred
Related Party Transaction [Line Items]
Related party operation fees and reimbursements	1,053		149
Total related party operation fees and reimbursements | Forgiven
Related Party Transaction [Line Items]
Related party operation fees and reimbursements	$0		$0
[1]	These fees have been capitalized to deferred costs, net on the consolidated balance sheets.
[2]	Effective October 1, 2013, the Company causes the OP to issue (subject to approval by the board of directors) to the Advisor restricted performance-based Class B Units for asset management services, which will be forfeited immediately if certain conditions occur.

ShareBased_Compensation_Detail

Share-Based Compensation (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Stock Options | Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, fixed exercise price (in dollars per share)	$10
Number of shares authorized (in shares)	500,000
Restricted Stock | Restricted Share Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	7,500,000
Shares granted automatically upon election to board of directors (in shares)	3,000
Vesting period	5 years
Periodic vesting percentage	20.00%
Maximum authorized amount as a percentage of shares authorized	5.00%
Unrecognized compensation cost	$100,000
Unrecognized compensation cost period	3 years 6 months 11 days
Share based compensation	$10,000	$11,000

ShareBased_Compensation_Restri

Share-Based Compensation (Restricted Stock Activity) (Details) (Restricted Share Plan, Restricted Stock, USD $)	3 Months Ended
	Mar. 31, 2015
Restricted Share Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Intrinsic Value [Roll Forward]
Beginning Balance (in shares)	15,600
Vested (in shares)	-600
Ending Balance (in shares)	15,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Beginning Balance (in dollars per share)	$9.08
Vested (in dollars per share)	$10
Ending Balance (in dollars per share)	$9.04

ShareBased_Compensation_Other_

Share-Based Compensation (Other Share Based Compensation) (Details) (Common Stock, USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued in lieu of cash (in shares)	0	500
Value of shares issued in lieu of cash (in thousands)	$0	$4

Net_Income_Loss_Per_Share_Deta

Net Income (Loss) Per Share (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]
Net loss attributable to stockholders	$46	($599)
Basic weighted-average shares outstanding (in shares)	95,040,086	12,997,881
Basic net income (loss) per share (in dollars per share)	$0	($0.05)
Diluted weighted-average shares outstanding (in shares)	95,040,288	12,997,881
Diluted net income (loss) per share (in dollars per share)	$0	($0.05)
Antidilutive securities excluded from computation of earnings per share (in shares)		40,202
Unvested restricted stock
Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)		18,600
OP Units
Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)		202
Class B Units
Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)		21,400

Subsequent_Events_Acquisition_

Subsequent Events (Acquisition) (Details) (USD $)	3 Months Ended		1 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		14-May-15
	property		property
	sqft		sqft
Property Acquisition [Roll Forward]
Beginning Balance Base Purchase Price	$741,679	[1]
Number of properties purchased	1	[2]
Ending Balance Number of Properties	21
Ending Balance Rentable Square Feet	4,500,130
Subsequent Event
Property Acquisition [Roll Forward]
Beginning Balance Base Purchase Price			785,379	[1]
Number of properties purchased			2
Real Estate Investment Property, at Cost, Acquisitions			$43,700	[1]
Area of Real Estate Property, Acquisitions			313,041
Ending Balance Number of Properties			23
Ending Balance Rentable Square Feet			4,813,171
[1]	Contract purchase price, net of purchase price adjustments, excluding acquisition related costs.
[2]	Real estate investments, at cost, acquired during theB three months ended MarchB 31, 2015B have been provisionally allocated pending receipt and review of final appraisals and/or other information on such assets prepared by third party specialists.