Global Net Lease (GNL) 10-Q14 Nov 142014 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2014	Oct. 31, 2014
Document - Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'American Realty Capital Global Trust, Inc.	'
Entity Central Index Key	'0001526113	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Non-accelerated Filer	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	176,823,193

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Real estate investments, at cost:	'	'
Land	$249,496	$44,647
Buildings, fixtures and improvements	1,015,742	104,362
Acquired intangible lease assets	429,620	47,899
Total real estate investments, at cost	1,694,858	196,908
Less accumulated depreciation and amortization	-30,344	-2,307
Total real estate investments, net	1,664,514	194,601
Cash and cash equivalents	263,948	11,500
Restricted cash	7,192	737
Derivatives, at fair value	4,056	734
Receivable for sale of common stock	2	1,766
Prepaid expenses and other assets	15,504	3,454
Deferred costs, net	10,246	2,135
Total assets	1,965,462	214,927
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'
Mortgage notes payable	172,483	76,904
Mortgage premium, net	1,290	1,663
Credit facility	299,747	0
Below-market lease liability, net	8,743	5,854
Derivatives, at fair value	3,520	2,565
Accounts payable and accrued expenses	9,623	2,519
Deferred rent	18,105	1,862
Distributions payable	10,268	840
Total liabilities	523,779	92,207
Stockholders' equity:	'	'
Preferred stock, $0.01 par value, 50,000,000 authorized, none issued and outstanding at September 30, 2014 and December 31, 2013	0	0
Common stock, $0.01 par value, 300,000,000 shares authorized, 176,205,356 and 15,665,827 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively	1,762	157
Additional paid-in capital	1,558,509	133,592
Accumulated other comprehensive (loss) income	-448	319
Accumulated deficit	-118,140	-11,348
Total stockholders' equity	1,441,683	122,720
Total liabilities and stockholders' equity	$1,965,462	$214,927

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Preferred stock, par value	$0.01	$0.01
Preferred stock, authorized	50,000,000	50,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$0.01	$0.01
Common stock, authorized	300,000,000	300,000,000
Common stock, issued	176,205,356	15,665,827
Common stock, outstanding	176,205,356	15,665,827

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenue:	'	'	'	'
Rental income	$25,400	$1,221	$45,938	$1,463
Operating expense reimbursements	502	11	1,139	14
Total revenues	25,902	1,232	47,077	1,477
Expenses:	'	'	'	'
Property operating	1,428	14	2,447	14
Operating fees to affiliate	219	18	421	23
Acquisition and transaction related	29,124	3,256	53,883	4,576
General and administrative	742	19	3,253	34
Depreciation and amortization	15,126	684	27,120	838
Total expenses	46,639	3,991	87,124	5,485
Operating loss	-20,737	-2,759	-40,047	-4,008
Interest expense	-4,081	-348	-8,385	-413
(Losses) gains on foreign currency	-737	17	-756	35
Gains on derivative instruments	849	0	599	0
Other income	148	0	203	0
Total other expense	-3,821	-331	-8,339	-378
Net loss	-24,558	-3,090	-48,386	-4,386
Other comprehensive loss:	'	'	'	'
Cumulative translation adjustment	-7,269	1,648	-2,535	1,400
Designated derivatives, fair value adjustments	6,639	-1,952	1,768	-1,502
Comprehensive loss	($25,188)	($3,394)	($49,153)	($4,488)
Basic and diluted weighted average shares outstanding (in shares)	175,401,867	7,023,704	108,779,593	3,430,215
Basic and diluted net loss per share (usd per share)	($0.14)	($0.44)	($0.44)	($1.28)

CONSOLIDATED_STATEMENT_OF_STOC

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit
In Thousands, except Share data, unless otherwise specified	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit
Beginning Balance at Dec. 31, 2013	$122,720	$157	$133,592	$319	($11,348)
Beginning Balance (in shares) at Dec. 31, 2013	'	15,665,827	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Issuance of common stock (in shares)	'	157,682,695	'	'	'
Issuance of common stock	1,567,565	1,576	1,565,989	'	'
Common stock offering costs, commissions and dealer manager fees	-168,207	'	-168,207	'	'
Common stock repurchases (in shares)	'	-28,493	'	'	'
Common stock repurchases	-277	'	-277	'	'
Common stock issued through distribution reinvestment plan (in shares)	'	2,875,271	'	'	'
Common stock issued through distribution reinvestment plan	27,343	29	27,314	'	'
Share-based compensation (in shares)	'	10,056	'	'	'
Share-based compensation	98	'	98	'	'
Distributions declared	-58,406	'	'	'	-58,406
Net loss	-48,386	'	'	'	-48,386
Other comprehensive income	-767	'	'	-767	'
Ending Balance at Sep. 30, 2014	$1,441,683	$1,762	$1,558,509	($448)	($118,140)
Ending Balance (in shares) at Sep. 30, 2014	'	176,205,356	'	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:	'	'
Net loss	($48,386)	($4,386)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:	'	'
Depreciation	15,636	331
Amortization of intangibles	11,484	507
Amortization of deferred financing costs	2,032	105
Amortization of mortgage premium	-373	0
Accretion of below-market lease liability and amortization of above-market lease assets, net	806	21
Share-based compensation	98	16
Net realized and unrealized mark-to-market transactions	-599	0
Changes in assets and liabilities:	'	'
Prepaid expenses and other assets	-3,511	-737
Accounts payable and accrued expenses	6,922	861
Deferred rent	16,243	883
Net cash used in operating activities	352	-2,399
Cash flows from investing activities:	'	'
Investment in real estate and other assets	-1,399,619	-53,114
Deposits for real estate acquisitions	-8,998	-500
Net cash used in investing activities	-1,408,617	-53,614
Cash flows from financing activities:	'	'
Borrowings under credit facility	328,862	0
Repayments on credit facility	-19,570	0
Proceeds from notes payable	12,505	0
Proceeds from notes payable	-12,505	0
Payments on mortgage notes payable	-505	0
Proceeds from issuance of common stock	1,569,328	83,028
Payments of offering costs	-167,626	-10,859
Payments of deferred financing costs	-10,143	-1,837
Distributions paid	-21,635	-830
Advances from affiliates, net	459	-595
Restricted cash	-6,455	0
Net cash provided by financing activities	1,672,715	68,907
Net change in cash and cash equivalents	264,450	12,894
Effect of exchange rate changes on cash	-12,002	1,427
Cash and cash equivalents, beginning of period	11,500	262
Cash and cash equivalents, end of period	263,948	14,583
Supplemental Disclosures:	'	'
Cash paid for interest	5,031	99
Cash paid for income taxes	277	0
Non-Cash Financing Activities:	'	'
Mortgage note payable used to acquire investments in real estate	96,620	30,416
Common stock issued through distribution reinvestment plan	$27,343	$546

Organization

Organization	9 Months Ended
Organization	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization	'
	Organization
	American Realty Capital Global Trust, Inc. (the "Company"), incorporated on July 13, 2011, is a Maryland corporation that elected and qualified to be taxed as a real estate investment trust ("REIT") for U.S. federal income tax purposes beginning with the taxable year ended December 31, 2013.
	On April 20, 2012, the Company commenced its initial public offering ("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 (File No. 333-177563), as amended from time to time (the "Registration Statement") filed with the Securities and Exchange Commission ("SEC") under the Securities Act of 1933, as amended. The Registration Statement also covered up to 25.0 million shares of common stock issuable pursuant to a distribution reinvestment plan (the "DRIP") under which the Company's common stockholders could elect to have their distributions reinvested in additional shares of the Company's common stock. On June 13, 2014, as permitted, the Company announced the reallocation of 23.8 million shares, which represented all remaining unsold shares available pursuant to the DRIP. Concurrent with such reallocation, on June 17, 2014, the Company registered an additional 25.0 million shares to be issued under the DRIP pursuant to a registration statement on Form S-3 (File No. 333-196829).
	The Company's IPO closed on June 30, 2014. As of September 30, 2014, the Company had 176.2 million shares of stock outstanding, including unvested restricted shares and shares issued under the DRIP and had received total gross proceeds from the IPO of $1.7 billion including DRIP. As of September 30, 2014, the aggregate value of all the common stock outstanding was $1.8 billion based on a per share value of $10.00 (or $9.50 for shares issued under the DRIP).
	Until the filing of the Company's second Quarterly Report on Form 10-Q with the SEC (or Annual Report on Form 10-K should such filing constitute the second quarterly financial filing) following the Company's acquisition of at least $1.2 billion in total investment portfolio assets, the per share purchase price in the IPO will be up to $10.00 per share (including the maximum allowed to be charged for commissions and fees) and shares issued under the DRIP will initially be equal to $9.50 per share, which is equal to 95% of the initial offering price in the IPO. Thereafter, the per share purchase price will vary quarterly and will be equal to the Company's net asset value ("NAV") per share plus applicable commissions and fees in the case of the primary offering; and the per share purchase price in the DRIP will be equal to the NAV per share.
	The Company was formed to primarily acquire a diversified portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant net-leased commercial properties. The Company may also originate or acquire first mortgage loans secured by real estate. The Company's primary geographic target is the United States, although up to 40% of its portfolio may consist of properties purchased in Europe with an additional 10% allocation to properties purchased elsewhere internationally. All such properties may be acquired and operated by the Company alone or jointly with another party. As of September 30, 2014, the Company owned 246 properties consisting of 11.6 million rentable square feet, which were 100.0% leased, with an average remaining lease term of 11.3 years.
	Substantially all of the Company's business is conducted through American Realty Capital Global Operating Partnership, L.P. (the "OP"), a Delaware limited partnership. The Company is the sole general partner and holds substantially all of the units of limited partner interests in the OP ("OP units"). American Realty Capital Global Special Limited Partner, LLC (the "Special Limited Partner"), an entity controlled by AR Capital Global Holdings, LLC (the "Sponsor"), contributed $200 to the OP in exchange for 22 OP units, which represents a nominal percentage of the aggregate OP ownership. A holder of OP units has 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 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. American Realty Capital Global Advisors, LLC (the "Advisor") has been retained to manage the Company's affairs on a day-to-day basis. The properties are managed and leased by American Realty Capital Global Properties, LLC (the "Property Manager"). Realty Capital Securities, LLC (the "Dealer Manager") serves as the dealer manager of the IPO. The Advisor, Property Manager, Special Limited Partner, and Dealer Manager are under common control with the parent of the Sponsor, as a result of which they are related parties, and many of which have, or may, receive compensation, fees and expense reimbursements for services related to the IPO and for the investment and management of the Company's assets. These entities receive fees, distributions and other compensation during the offering, acquisition, operational and liquidation stages. The Advisor has entered into a service provider agreement with Moor Park Capital Partners LLP (the "Service Provider"). The Service Provider is not affiliated with the Company, the Advisor or the Sponsor. Pursuant to the service provider agreement, the Service Provider provides, subject to the Advisor's oversight, certain real estate related services, as well as sourcing and structuring of investment opportunities, performance of due diligence, and arranging debt financing and equity investment syndicates, solely with respect to investments in Europe. Pursuant to the service provider agreement, 50.0% of the fees payable by the Company to the Advisor and a percentage of the fees paid to the Property Manager are paid or assigned to the Service Provider, solely with respect to the Company's foreign investment strategy in Europe. Such fees are deducted from fees paid to the Advisor.
	On September 12, 2014, Mr. Scott J. Bowman and Mr. Edward M. Weil, Jr. resigned as members of the board of directors of the Company, effective as of that same date. Neither Mr. Bowman nor Mr. Weil resigned pursuant to any disagreement with the Company. Mr. Bowman was subsequently appointed as chief executive officer of the Company.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 2014
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 the interim periods. All intercompany accounts and transactions have been eliminated in consolidation. The results of operations for the three months ended September 30, 2014 are not necessarily indicative of the results for the entire year or any subsequent interim period.
	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, 2013, which are included in the Company's Annual Report on Form 10-K filed with the SEC on March 7, 2014. There have been no significant changes to the Company's significant accounting policies during the nine months ended September 30, 2014 other than the updates described below.
	Recently Issued Accounting Pronouncements
	In April 2014, the FASB amended the requirements for reporting discontinued operations. Under the revised guidance, in addition to other disclosure requirements, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results when the component or group of components meets the criteria to be classified as held for sale, disposed of by sale or other than by sale. The Company has adopted the provisions of this guidance effective January 1, 2014, and has applied the provisions prospectively. The adoption of this guidance did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.

Real_Estate_Investments

Real Estate Investments	9 Months Ended
	Sep. 30, 2014
Real Estate [Abstract]	'
Real Estate Investments	'
	Real Estate Investments
	The following table reflects the number and related base purchase prices of properties acquired as of December 31, 2013 and during the nine months ended September 30, 2014:


			Number of Properties		Base Purchase Price(1)
					(In thousands)
	As of December 31, 2013		37		$	184,890

	Nine Months ended September 30, 2014		209		1,510,606

	Portfolio as of September 30, 2014		246		$	1,695,496

	________________________________________________

	-1	Contract purchase price, excluding acquisition related costs, based on the exchange rate at the time of purchase.
	The following table presents the allocation of the assets acquired during the nine months ended September 30, 2014 and 2013.


			Nine Months Ended
	(Dollar amounts in thousands)		September 30, 2014				September 30, 2013
	Real estate investments, at cost:
	Land		$	205,129			$	18,071

	Buildings, fixtures and improvements		912,355				37,516

	Total tangible assets		1,117,484				55,587

	Intangibles acquired:
	In-place leases		350,626				30,624

	Above market lease asset		31,584				1,223

	Below market lease liability		(3,455		)		(3,904		)
	Total assets acquired, net		1,496,239				83,530

	Mortgage notes payable used to acquire real estate investments		(96,620		)		(30,416		)
	Cash paid for acquired real estate investments		$	1,399,619			$	53,114

	Number of properties purchased		209				8

	The allocations in the table above of land, buildings, fixtures and improvements, and in-place lease intangibles have been provisionally assigned to each class of asset, pending receipt of information being prepared by a third-party specialist.
	The following table presents unaudited pro forma information as if the acquisitions during the nine months ended September 30, 2014, had been consummated on January 1, 2013. Additionally, the unaudited pro forma net income attributable to stockholders was adjusted to exclude acquisition and transaction related expense of $53.9 million and $4.6 million from the nine months ended September 30, 2014 and September 30, 2013, respectively.


			Nine Months Ended September 30,
	(In thousands)		2014				2013
	Pro forma revenues		$	105,826			$	93,558

	Pro forma net income		$	11,546			$	3,458

	The following presents future minimum base rental cash payments due to the Company during the next five years and thereafter as of September 30, 2014. 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 indices among other items.


	(In thousands)		Future Minimum
			Base Rent Payments
	October 1, 2014 - December 31, 2014		$	33,372

	2015		134,389

	2016		135,870

	2017		137,090

2018		138,592

Thereafter		1,121,831

		$	1,701,144

The following table lists the tenants whose annualized rental income on a straight-line basis represented greater than 10% of total annualized rental income for all properties on a straight-line basis as of September 30, 2014 and September 30, 2013.


		September 30,
Tenant		2014		2013
Thames Water Utilities Limited		*		24.20%
Northern Rock (Asset Management) PLC		*		18.20%
Kulicke and Soffa Industries, Inc.		*		17.00%
Everything Everywhere Limited		*		14.80%
Wickes Building Supplies Limited		*		11.70%
PPD Global Central Labs, LLC		*		11.30%
_______________________________________________________________________
* Tenant's annualized rental income on a straight-line basis was not greater than 10% of total annualized rental income for all portfolio properties as of the period specified.
The termination, delinquency or non-renewal of leases by any of the above tenants may have a material adverse effect on revenues.
The following table lists the countries and states where the Company has concentrations of properties where annualized rental income on a straight-line basis represented greater than 10% of consolidated annualized rental income on a straight-line basis as of September 30, 2014 and September 30, 2013.


		September 30,
Country or State (if domestic)		2014		2013
United Kingdom		29.80%		71.70%
United States: Texas		12.10%		*
United States: Michigan		10.30%		*
United States: Pennsylvania		*		17.00%
United States: Kentucky		*		11.30%
_______________________________________________________________________
* Geography's annualized rental income on a straight-line basis was not greater than 10% of total annualized rental income for all portfolio properties as of the period specified.

Revolving_Credit_Facility

Revolving Credit Facility	9 Months Ended
Revolving Credit Facility	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Revolving Credit Facility	'
	Revolving Credit Facility
	On July 25, 2013, the Company, through the OP, entered into a credit agreement relating to a credit facility that provides for aggregate revolving loan borrowings of up to $50.0 million (subject to borrowing base availability). The credit facility contains an “accordion feature” to allow the Company, under certain circumstances, to increase the aggregate borrowings under the credit facility to up to $750.0 million through additional commitments. On March 26, 2014, the Company amended the credit agreement to increase aggregate borrowings under the facility to $100.0 million. On June 24, 2014, the Company further amended the credit agreement to increase aggregate borrowings under the facility to $330.0 million. On July 31, 2014, the Company further amended the credit facility agreement to increase aggregate borrowings to $415.0 million. Availability of borrowings is based on a pool of eligible unencumbered real estate assets. The initial maturity date of the facility is July 25, 2016 with two one-year extension options, subject to certain conditions.
	The Company has the option, based upon its corporate leverage, to have draws under the facility priced at either the Alternate Base Rate (as described below) plus 0.60% to 1.20% or at adjusted LIBOR plus 1.60% to 2.20%. The Alternate Base Rate is defined in the credit facility agreement as a rate per annum equal to the greatest of (a) the fluctuating annual rate of interest announced from time to time by the lender as its “prime rate” in effect on such day, (b) the federal funds effective rate in effect on such day plus 0.5% and (c) the Adjusted LIBOR for a month period on such day plus 1%. Adjusted LIBOR refers to LIBOR multiplied by the statutory reserve rate, as determined by the Federal Reserve System of the United States. The credit agreement requires the Company to pay an unused fee per annum of 0.25% if the unused balance of the credit facility exceeds or is equal to 50% of the available facility or a fee per annum of 0.15% if the unused balance of the credit facility is less than 50% of the available facility.
	The credit agreement provides for quarterly interest payments for each Alternate Base Rate loan and periodic payments for each adjusted LIBOR loan, based upon the applicable LIBOR loan period, with all principal outstanding being due on the maturity date in July 2016. The credit agreement also contains two one-year extension options, subject to certain conditions. The credit facility may be prepaid at any time, in whole or in part, without premium or penalty, subject to prior notice to the lender. In the event of a default, the lender has the right to terminate their obligations under the credit agreement and to accelerate the payment on any unpaid principal amount of all outstanding loans.
	The credit agreement 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 September 30, 2014, the Company was in compliance with the financial covenants under the credit agreement.
	As of September 30, 2014, total outstanding advances under the credit facility were $299.7 million. There were no outstanding advances under the credit facility as of December 31, 2013. The unused borrowing capacity, based on the value of the borrowing base properties as of September 30, 2014 and December 31, 2013, was $115.3 million and $31.1 million, respectively.

Mortgage_Note_Payable

Mortgage Note Payable	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Mortgage Notes Payable	'
	Mortgage Notes Payable
	Mortgage notes payable as of September 30, 2014 and December 31, 2013 consisted of the following:


		Encumbered Properties		Outstanding Loan Amount					Effective Interest Rate		Interest Rate
	Portfolio			September 30, 2014			December 31, 2013					Maturity
				(In thousands)			(In thousands)
	McDonald's	1		$	1,234	(1)	$	1,253	4.10%	(2)	Fixed	Oct. 2017

	Wickes Building Supplies I	1		3,161		(1)	3,209		3.70%	(2)	Fixed	May-18

	Everything Everywhere	1		6,496		(1)	6,596		4.00%	(2)	Fixed	Jun. 2018

	Thames Water	1		9,744		(1)	9,894		4.10%	(2)	Fixed	Jul. 2018

	Wickes Building Supplies II	1		2,680		(1)	2,721		4.20%	(2)	Fixed	Jul. 2018

	Northern Rock	2		8,526		(1)	8,657		4.40%	(2)	Fixed	Sep. 2018

	Wickes Building Supplies III	1		3,086		(1)	3,133		4.30%	(2)	Fixed	Nov. 2018

	Western Digital	1		18,339			18,541		5.30%		Fixed	Jul. 2021

	Encanto	18		22,597			22,900		6.30%		Fixed	Jun. 2017

	Rheinmetall	1		13,447			—		2.60%	(2)	Fixed	Jan. 2019

	Provident Financial	1		20,706			—		4.10%	(2)	Fixed	Feb. 2019

	Crown Crest Group Limited	1		31,261			—		4.20%	(2)	Fixed	Feb. 2019

	Aviva Life & Pensions UK Ltd.	1		25,497			—		3.80%	(2)	Fixed	Mar. 2019

	OBI DIY	1		5,709			—		2.40%		Fixed	Jan. 2019

	Total	32		$	172,483		$	76,904	4.30%

	___________________________________________________________
	(1) Movement in principal balances are related to changes in exchange rates.
	(2) Fixed as a result of an interest rate swap agreement.
	The following table summarizes the scheduled aggregate principal payments on the mortgage notes payable subsequent to September 30, 2014 and thereafter:


	(In thousands)	Future Principal Payments
	October 1, 2014 — December 31, 2014	$	175

	2015	721

	2016	758

	2017	23,152

	2018	34,028

	Thereafter	113,649

		$	172,483

	Some of the Company's mortgage notes payable agreements require compliance with certain property-level financial covenants including debt service coverage ratios. As of September 30, 2014 and December 31, 2013, the Company was in compliance with financial covenants under its mortgage notes payable agreements.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2014
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 derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with those derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by the Company and its counterparties. As of September 30, 2014, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation of the Company's derivatives. As a result, the Company has determined that its derivative valuations in their entirety are 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 (including derivatives that are presented net) measured at fair value on a recurring basis as of September 30, 2014 and December 31, 2013, aggregated at the fair value hierarchy level within which those instruments fall.


	(In thousands)	Quoted Prices in Active Markets				Significant Other Observable Inputs				Significant Unobservable Inputs				Total
		Level 1				Level 2				Level 3
	September 30, 2014
	Foreign currency swaps, net	$	—			$	1,213			$	—			$	1,213

	Foreign currency forwards, net	$	—			$	676			$	—			$	676

	Interest rate swaps, net	$	—			$	(1,353	)		$	—			$	(1,353	)

	December 31, 2013
	Foreign currency swap	$	—			$	(2,565	)		$	—			$	(2,565	)

	Interest rate swap	$	—			$	734			$	—			$	734

	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. There were no transfers between Level 1 and Level 2 of the fair value hierarchy during the nine months ended September 30, 2014.
	The Company is required to disclose the fair value of financial instruments for which it is practicable to estimate value. The fair value of short-term financial instruments such as cash and cash equivalents, due from affiliates, accounts payable and distributions payable approximates their carrying value on the 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 consolidated balance sheets are reported below.


				Carrying Amount(1)				Fair Value				Carrying Amount(2)				Fair Value
	(In thousands)	Level		September 30,				September 30,				December 31,				December 31,
				2014				2014				2013				2013
	Mortgage notes payable	3		$	173,773			$	174,918			$	78,567			$	77,698

	__________________________________________________________
	(1) Carrying value includes $172.5 million mortgage notes payable and $1.3 million mortgage premiums, net as of September 30, 2014.
	(2) Carrying value includes $76.9 million mortgage notes payable and $1.7 million mortgage premiums, net as of December 31, 2013.
	The fair value of the mortgage notes payable is estimated using a discounted cash flow analysis, based on the Advisor's experience with similar types of borrowing arrangements.

Derivative_and_Hedging_Activit

Derivative and Hedging Activities	9 Months Ended
Derivative and Hedging Activities	Sep. 30, 2014
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. Certain of the Company's foreign operations expose the Company to fluctuations of foreign interest rates and exchange rates. These fluctuations may impact the value of the Company's cash receipts and payments in the Company's functional currency, the U.S. dollar. The Company enters into derivative financial instruments to protect the value or fix the amount of certain obligations in terms of its functional currency.
	The principal objective of such arrangements is to minimize the risks and/or costs associated with the Company's operating and financial structure as well as to hedge specific anticipated transactions. The Company does not intend to utilize derivatives for speculative or other purposes. 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 manage its exposure to interest rate movements and add stability to interest expense. To accomplish this objective, the Company primarily uses interest rate swaps. 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.
	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 impacts earnings. During 2014, such derivatives were used 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. During the nine months ended September 30, 2014 and year ended December 31, 2013, the Company recorded no hedge ineffectiveness 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 $2.4 million will be reclassified from other comprehensive income as an increase to interest expense.
	As of September 30, 2014 and December 31, 2013, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:


			September 30, 2014						December 31, 2013
	Derivatives		Number of		Notional Amount				Number of		Notional Amount
	Derivatives		Instruments		Notional Amount				Instruments		Notional Amount
					(In thousands)						(In thousands)
	Interest rate swaps		21		$	425,585			7		$	35,465
	Interest rate swaps		21		$	425,585			7		$	35,465
	Net Investment Hedges
	The Company is exposed to fluctuations in foreign exchange rates on property investments it holds in foreign countries which pay rental income, property related expenses and hold debt instruments in foreign currencies. The Company uses foreign currency derivatives including cross currency swaps to hedge its exposure to changes in foreign exchange rates on certain of its foreign investments. Cross currency swaps involve fixing the applicable exchange rate for delivery of a specified amount of foreign currency on specified dates.
	For derivatives designated as net investment hedges, the effective portion of changes in the fair value of the derivatives are reported in accumulated other comprehensive income (outside of earnings) as part of the cumulative translation adjustment. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. Amounts are reclassified out of accumulated other comprehensive income into earnings when the hedged net investment is either sold or substantially liquidated.
	As of September 30, 2014 and December 31, 2013, the Company had the following outstanding cross currency swaps that were used to hedge its net investments in foreign operations:


			September 30, 2014						December 31, 2013
	Derivatives		Number of		Notional Amount				Number of		Notional Amount
	Derivatives		Instruments		Notional Amount				Instruments		Notional Amount
					(In thousands)						(In thousands)
	Foreign currency swaps (1)		12		$	132,391			7		$	35,597
	Foreign currency swaps (1)		12		$	132,391			7		$	35,597
	____________________________________
	(1) Payments and obligations pursuant to these foreign currency swap agreements are guaranteed by AR Capital, LLC, the entity which wholly owns the Sponsor.
	Non-designated Hedges
	The Company is exposed to fluctuations in various foreign currencies against its functional currency, the US dollar. The Company uses foreign currency derivatives including currency forward agreements to manage its exposure to fluctuations in GBP-USD and EUR-USD exchange rate. While these derivatives are hedging the fluctuations in foreign currencies, they do not meet the strict hedge accounting requirements to be classified as hedging instruments. Changes in the fair value of derivatives not designated in hedging relationships are recorded directly in earnings and a gain of $0.6 million was recognized for the nine months ended September 30, 2014. The company did not have any derivatives that were not designated in 2013.
	As of September 30, 2014 and December 31, 2013, the Company had the following outstanding derivatives that were not designated as hedges under qualifying hedging relationships.


			30-Sep-14						31-Dec-13
	Derivatives		Number of		Notional Amount				Number of		Notional Amount
	Derivatives		Instruments		Notional Amount				Instruments		Notional Amount
					(In thousands)						(In thousands)
	EUR-USD forwards		16		$	4,944			—		$	—
	EUR-USD forwards		16		$	4,944			—		$	—
	GBP-USD forwards		71		$	13,354			—		$	—
	GBP-USD forwards		71		$	13,354			—		$	—
	The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the Balance Sheet as of September 30, 2014 and December 31, 2013:


	(In thousands)		Balance Sheet Location		September 30, 2014				December 31, 2013
	Derivatives designated as hedging instruments:
	Interest rate swaps		Derivative assets, at fair value		$	355			$	734
	Interest rate swaps		Derivative assets, at fair value		$	355			$	734
	Foreign currency swaps		Derivative assets, at fair value		$	2,996			$	—
	Foreign currency swaps		Derivative assets, at fair value		$	2,996			$	—
	GBP-USD Forwards		Derivative assets, at fair value		$	460			$	—
	GBP-USD Forwards		Derivative assets, at fair value		$	460			$	—
	EUR-USD Forwards		Derivative assets, at fair value		$	245			$	—
	EUR-USD Forwards		Derivative assets, at fair value		$	245			$	—
	Interest rate swaps		Derivative liabilities, at fair value		$	(1,708	)		$	—
	Interest rate swaps		Derivative liabilities, at fair value		$	(1,708	)		$	—
	Foreign currency swaps		Derivative liabilities, at fair value		$	(1,783	)		$	(2,565	)
	GBP-USD Forwards		Derivative liabilities, at fair value		$	(29	)		$	—
	GBP-USD Forwards		Derivative liabilities, at fair value		$	(29	)		$	—
	The table below details the location in the financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the three and nine months ended September 30, 2014 and 2013.


		Three Months Ended September 30,							Nine Months Ended September 30,
(In thousands)		2014				2013			2014				2013
Amount of gain (loss) recognized in accumulated other comprehensive income from derivatives (effective portion)		$	5,735			(1,993	)		$	(84	)		(1,553	)
		$	5,735			(1,993	)		$	(84	)		(1,553	)
Amount of loss reclassified from accumulated other comprehensive income into income as interest expense (effective portion)		$	(595	)		(41	)		$	(1,197	)		(51	)
Amount of gain (loss) recognized in income on derivative instruments (ineffective portion and amount excluded from effectiveness testing)		$	—			—			$	—			—
		$	—			—			$	—			—
Tabular Disclosure Offsetting Derivatives
The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of September 30, 2014 and December 31, 2013. 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
Derivatives (In thousands)		Gross Amounts of Recognized Assets				Gross Amounts of Recognized (Liabilities)				Gross Amounts Offset on the Balance Sheet				Net Amounts of Assets (Liabilities) presented on the Balance Sheet			Financial Instruments		Cash Collateral Received (Posted)		Net Amount
September 30, 2014		$	4,056			$	(3,520	)		$	—			$	536		$	—	$	—	$	536
September 30, 2014		$	4,056			$	(3,520	)		$	—			$	536		$	—	$	—	$	536
December 31, 2013		$	734			$	(2,565	)		$	—			$	(1,831	)	$	—	$	—	$	(1,831	)
December 31, 2013		$	734			$	(2,565	)		$	—			$	(1,831	)	$	—	$	—	$	(1,831	)
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 September 30, 2014, the fair value of derivatives in net liability position including accrued interest but excluding any adjustment for nonperformance risk related to these agreements was $3.9 million. As of September 30, 2014, the Company had 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.

Common_Stock

Common Stock	9 Months Ended
Common Stock	Sep. 30, 2014
Equity [Abstract]	'
Common Stock	'
	Common Stock
	The Company had 176.2 million and 15.7 million shares of common stock outstanding, including unvested restricted shares and shares issued under the DRIP, and had received total proceeds of $1.7 billion and $154.2 million as of September 30, 2014 and December 31, 2013, respectively.
	On October 5, 2012, the Company's board of directors authorized and the Company declared a distribution which is payable to stockholders of record each day during the applicable period at a rate equal to $0.00194520548 per day equivalent to a per annum yield of 7.10% based on $10.00 price per share of common stock. The distributions began to accrue on November 28, 2012, which was 30 days following the Company's initial property acquisition. The 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. Distributions payments are dependent on the availability of funds. The board of directors may reduce the amount of distributions paid or suspend distribution payments at any time and therefore distributions payments are not assured.
	The Company has a Share Repurchase Program that enables stockholders to sell their shares to the Company. As of September 30, 2014, no shares of common stock had been repurchased under the Share Repurchase Program.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies
	Litigation
	In the ordinary course of business, the Company may become subject to litigation or claims. There are no material legal 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. As of September 30, 2014, the Company had 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 the results of operations.

Related_Party_Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	Related Party Transactions
	As of September 30, 2014 and December 31, 2013, the Sponsor, the Special Limited Partner and a subsidiary of the Service Provider owned 244,444 shares of the Company's outstanding common stock. The Advisor and its affiliates may incur costs and fees on behalf of the Company. As of September 30, 2014, the Company had no amounts owed to or receivable from affiliated entities. As of December 31, 2013, the Company had $0.5 million receivable from affiliated entities, primarily related to funding the payment of third party professional fees and offering costs, net of general and administrative expenses absorbed by the Advisor.




	Fees Paid in Connection with the IPO
	The Dealer Manager is paid fees and compensation in connection with the sale of the Company's common stock. The Dealer Manager is paid selling commissions of up to 7.0% of the per share purchase price of offering proceeds before reallowance of commissions earned by participating broker-dealers. In addition, the Dealer Manager is paid 3.0% of the per share purchase price from the sale of the Company's shares, before reallowance to participating broker-dealers, as a dealer manager fee. The Dealer Manager may re-allow its dealer manager fee to participating broker-dealers. A participating broker dealer may elect to receive a fee equal to 7.5% of the gross proceeds from the sale of shares (not including selling commissions and dealer manager fees) by such participating broker dealers, with 2.5% thereof paid at the time of the sale and 1.0% paid on each anniversary date of the closing of the sale to the fifth anniversary date of the closing of the sale. If this option is elected, the Dealer Manager's fee will be reduced to 2.5% of the applicable gross proceeds (not including selling commissions and dealer manager fees).
	The following table details total selling commissions and dealer manager fees incurred from and payable to the Dealer Manager related to the sale of common stock as of and for the periods presented:


																	Payable as of
			Three Months Ended September 30,								Nine Months Ended September 30,						September 30,		December 31,
	(In thousands)		2014				2013				2014				2013		2014		2013
	Total commissions and fees to Dealer Manager		$	1,821			$	3,186			$	148,377			$	7,807	$	—	$	176

	The Advisor and its affiliates are paid compensation and receive reimbursement for services relating to the IPO. Effective March 1, 2013, the Company began utilizing transfer agent services provided by an affiliate of the Dealer Manager. All offering costs incurred by the Company or by the Advisor and 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 fees and offering cost reimbursements incurred and payable to the Advisor and Dealer Manager related to the sale of common stock as of and for the periods presented:


																	Payable as of
			Three Months Ended September 30,								Nine Months Ended September 30,						September 30,		December 31,
	(In thousands)		2014				2013				2014				2013		2014		2013
	Fees and expense reimbursements to the Advisor and Dealer Manager		$	5,889			$	488			$	17,635			$	998	$	552	$	293

	The Company is 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 its ongoing offering of common stock, measured at the end of the offering. Offering costs in excess of the 1.5% cap as of the end of the offering are the Advisor's responsibility. As of September 30, 2014, offering and related costs, excluding commissions and dealer manager fees, exceeded 1.5% of gross proceeds received from the IPO by $43,000.
	After the escrow break, the Advisor elected to cap cumulative offering costs incurred by the Company, net of unpaid amounts, to 15% of gross common stock proceeds during the offering period. As of September 30, 2014, cumulative offering costs were $188.7 million. Cumulative offering costs net of unpaid amounts, were less than the 15% threshold as of September 30, 2014.
	Fees Paid in Connection With the Operations of the Company
	The Advisor is paid an acquisition fee of 1.0% of the contract purchase price of each acquired property and 1.0% of the amount advanced for a loan or other investment. Solely with respect to investment activities in Europe, the Service Provider is paid 50% of the acquisition fees and the Advisor is paid the remaining 50%, as set forth in the service provider agreement. The Advisor is also reimbursed for insourced expenses incurred in the process of acquiring properties, which are fixed initially at 0.5% of the contract purchase price and 0.5% of the amount advanced for a loan or other investment. Additionally, the Company will pay third party acquisition expenses. Once the proceeds from the IPO have been fully invested, the total of all acquisition fees and acquisition expenses (including any financing coordination fee) may not exceed 4.5% of the aggregate contract purchase price of the Company's portfolio or 4.5% of the amount advanced for all loans or other investments.
	If the Company's 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 pays the Advisor a financing coordination fee equal to 0.75% of the amount available and/or outstanding under such financing, subject to certain limitations. Solely with respect to the Company's investment activities in Europe, the Service Provider is paid 50% of the financing coordination fees and the Advisor receives the remaining 50%, as set forth in the service provider agreement. Such fees will be deducted from fees payable to the Advisor, pursuant to the service provider agreement.
	In connection with providing strategic advisory services related to certain portfolio acquisitions, the Company has entered into arrangements in which the investment banking division of the Dealer Manager is paid a transaction fee of 0.25% of the Transaction Value for such portfolio acquisition transactions. Pursuant to such arrangements to date, the Transaction Value has been defined as: (i) the value of the consideration paid or to be paid for all the equity securities or assets in connection with the sale transaction or acquisition transaction (including consideration payable with respect to convertible or exchangeable securities and option, warrants or other exercisable securities and including dividends or distributions and equity security repurchases made in anticipation of or in connection with the sale transaction or acquisition transaction), or the implied value for all the equity securities or assets of the Company or acquisition target, as applicable, if a partial sale or purchase is undertaken, plus (ii) the aggregate value of any debt, capital lease and preferred equity security obligations (whether consolidated, off-balance sheet or otherwise) of the Company or acquisition target, as applicable, outstanding at the closing of the sale transaction or acquisition transaction), plus (iii) the amount of any fees, expenses and promote paid by the buyer(s) on behalf of the Company or the acquisition target, as applicable. Should the Dealer Manager provide strategic advisory services related to additional portfolio acquisition transactions, the Company will enter into new arrangements with the Dealer Manager on such terms as may be agreed upon between the two parties.
	Prior to January 1, 2013, the Company paid the Advisor a monthly fee equal to one-twelfth of 0.75% of the cost of investment portfolio assets (costs include the purchase price, acquisition expenses, capital expenditures and other customarily capitalized costs, but excluded acquisition fees). All or a portion of the asset management fee may have been waived or deferred at the sole discretion of the Company's board of directors (a) to the extent that FFO, as adjusted, during the six months ending on the last day of the calendar quarter immediately preceding the date that such asset management fee is payable, is less than the distributions declared with respect to such six month period or (b) for any other reason.
	Effective January 1, 2013, the following were eliminated: (i) the reduction of the asset management fee to the extent, if any, that the Company's funds from operations, as adjusted, during the six months ending on the last calendar quarter immediately preceding the date the asset management fee was payable was less than the distributions declared with respect to such six month period and (ii) the payment of asset management fees in cash, shares or restricted stock grants, or any combination thereof to the Advisor. Instead, the Company issues (subject to periodic approval by the board of directors) to the Advisor performance-based restricted partnership units of the OP designated as "Class B units," which are intended to be profits interests and 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 6.0% 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; or (3) another liquidity event; and (z) the Advisor is still providing advisory services to the Company (the "performance condition"). Such 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.
	The number of Class B units to be issued will be equal to: (i) the excess of (A) the product of (y) the cost of assets multiplied by (z) 0.1875% over (B) any amounts payable as an oversight fee (as described below) for such calendar quarter; divided by (ii) the value of one share of common stock as of the last day of such calendar quarter. When and if approved by the board of directors, the Class B units are expected to be issued to the Advisor quarterly in arrears pursuant to the terms of the limited partnership agreement of the OP. Pursuant to the service provider agreement 50.0% of the Class B units will be assigned to the Service Provider, solely with respect to the Company's foreign investment strategy in Europe. As of September 30, 2014, the Company did not consider achievement of the performance condition to be probable. 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 will receive distributions on unvested Class B units equal to the distribution rate received on the Company's common stock. Such distributions on issued Class B units will be expensed in the consolidated statement of operations until the performance condition is considered probable to occur. During the nine months ended September 30, 2014, the board of directors approved the issuance of 317,064 Class B Units to the Advisor and the Service Provider in connection with this agreement. No class B units were issued during the nine months ended September 30, 2013.
	If the Property Manager or an affiliate provides property management and leasing services for properties owned by the Company, the Company pays fees equal to: (i) with respect to stand-alone, single-tenant net leased properties which are not part of a shopping center, 2.0% of gross revenues from the properties managed and (ii) with respect to all other types of properties, 4.0% of gross revenues from the properties managed.
	For services related to overseeing property management and leasing services provided by any person or entity that is not an affiliate of the Property Manager, the Company pays the Property Manager an oversight fee equal to 1.0% of gross revenues of the property managed.
	Solely with respect to the Company's investment activities in Europe, the Service Provider or other entity providing property management services with respect to such investments is paid: (i) with respect to single-tenant net leased properties which are not part of a shopping center, 1.75% of the gross revenues from such properties and (ii) with respect to all other types of properties, 3.5% of the gross revenues from such properties. The Property Manager is paid 0.25% of the gross revenues from European single-tenant net leased properties which are not part of a shopping center and 0.5% of the gross revenues from all other types of properties, reflecting a split of the oversight fee with the Service Provider or an affiliated entity providing European property management services. Such fees are deducted from fees payable to the Advisor, pursuant to the service provider agreement.
	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 are amortized over approximately 18 months, the estimated remaining term of the IPO as of the date of the agreement, and are included in general and administrative expenses in the consolidated statement of operations and comprehensive loss.
	The following table reflects related party fees incurred, forgiven and contractually due as of and for the periods presented:


			Three Months Ended September 30,														Nine Months Ended September 30,								Payable as of
			2014								2013						2014				2013				September 30,		December 31,
	(In thousands)		Incurred				Forgiven				Incurred				Forgiven		Incurred		Forgiven		Incurred		Forgiven		2014		2013
	One-time fees and reimbursements:
	Acquisition fees and related cost reimbursements		$	13,734			$	—			$	958			$	—	$	22,889	$	—	$	1,253	$	—	$	2	$	—

	Financing coordination fees		637				—				524				—		3,484		—		593		—		—		—

	Ongoing fees:
	Property management and leasing fees		167				152				18				5		354		355		23		6		41		1

	Strategic advisory fees		346				—				107				—		561		—		251		—		—		—

	Distributions on Class B Units		50				—				1				—		77		—		1		—		—		—

	Total related party operational fees and reimbursements		$	14,934			$	152			$	1,608			$	5	$	27,365	$	355	$	2,121	$	6	$	43	$	1

	___________________________________________________________________________
	(1) Effective January 1, 2013, the Company issues (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 the Company will not reimburse the Advisor for any amount by which the Company's operating expenses (including the asset management fee) at the end of the four preceding fiscal quarters exceeds the greater of (a) 2.0% of average invested assets and (b) 25.0% of net income other than any additions to reserves for depreciation, bad debt or other similar non-cash reserves and excluding any gain from the sale of assets for that period. Additionally, the Company reimburses the Advisor for personnel costs in connection with other services during the operational stage, in addition to paying an asset management fee; however, the Company does not reimburse the Advisor for personnel costs in connection with services for which the Advisor receives acquisition fees or real estate commissions. No reimbursement was incurred from the Advisor for providing services during the three and nine months ended September 30, 2014 and 2013.
	The Company pays the Advisor an annual subordinated performance fee calculated on the basis of the Company's total return to stockholders, payable annually in arrears, such that for any year in which the Company's total return on stockholders' capital exceeds 6.0% per annum, the Advisor is entitled to 15.0% of the excess total return but not to exceed 10.0% of the aggregate total return for such year (which will take into account distributions and realized appreciation). This fee is payable only upon the sale of assets, distributions or other events which results in the Company's return on stockholders' capital exceeding 6.0% per annum. Solely with respect to the Company's investment activities in Europe, the Service Provider will be paid 50.0% of the annual subordinated performance fee payable in respect of such investments, and the Advisor or its affiliates will receive the remaining 50%, as set forth in the service provider agreement. No such amounts had been incurred during the three and nine months ended September 30, 2014 and 2013.
	In order to improve operating cash flows and the ability to pay distributions from operating cash flows, the Advisor may waive certain fees including asset management and property management fees. Because the Advisor may waive certain fees, cash flow 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 or property operating expenses. These absorbed costs are presented net in the accompanying consolidated statements of operations and comprehensive loss.
	The following table details property operating and general and administrative expenses absorbed by the Advisor during the three and nine months ended September 30, 2014 and 2013:


	Three Months Ended September 30,								Nine Months Ended September 30,
(In thousands)	2014				2013				2014				2013
Property operating expenses absorbed	$	—			$	—			$	—			$	4

General and administrative expenses absorbed	—				357				—				833

Total expenses absorbed (1)	$	—			$	357			$	—			$	837

___________________________________________________________________
(1) The Company had no receivable from the Advisor as of September 30, 2014 related to absorbed costs and had $0.5 million receivable as of December 31, 2013.
Fees Paid in Connection with the Liquidation or Listing of the Company's Real Estate Assets
The Company pays 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 50% 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 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 amounts have been incurred during the three and nine months ended September 30, 2014 and 2013.
If a liquidity event occurs and the Company is not simultaneously listed on an exchange, the Company will pay 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 an annual 6.0% cumulative, pre-tax non-compounded return on the capital contributed by investors. The Company cannot assure that it will provide this 6.0% return but the Advisor will not be entitled to the subordinated participation in net sale proceeds unless the Company's investors have received a 6.0% cumulative non-compounded return on their capital contributions plus the return of capital. No such amounts have been incurred during the three and nine months ended September 30, 2014 and 2013.
The Company will distribute a subordinated incentive listing distribution of 15.0%, payable in the form of a promissory note, of the amount by which the market value of all issued and outstanding shares of the Company's common stock plus distributions exceeds the aggregate capital contributed by investors plus an amount equal to a 6.0% cumulative, pre-tax non-compounded annual return to investors. The Company cannot assure that it will provide this 6.0% return but the Advisor will not be entitled to the subordinated incentive listing fee unless investors have received a 6.0% cumulative, pre-tax non-compounded return on their capital contributions plus return of capital. No such distributions have been paid during the three and nine months ended September 30, 2014 and 2013. Neither the Advisor nor any of its affiliates can receive both the subordination participation in the net proceeds and the subordinated listing distribution.
Solely with respect to the Company's properties in Europe, the Service Provider has the right to receive up to 50% of subordinated participation in the net sales proceeds of the sale of real estate assets and 50% of subordinated incentive listing distribution relating to such properties. No such fees have been incurred during the three and nine months ended September 30, 2014 and 2013.
Upon termination or non-renewal of the advisory agreement, the Advisor will receive distributions from the OP payable in the form of a promissory note. In addition, 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	9 Months Ended
Economic Dependency	Sep. 30, 2014
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 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	9 Months Ended
	Sep. 30, 2014
Share-based Compensation [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 during the IPO will be $9.00, until the termination of the IPO, based on NAV, 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 September 30, 2014 and December 31, 2013, 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 action 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 stockholder's meeting. Restricted stock issued to independent directors will vest over a five-year period following the first anniversary of the date of grant in increments of 20% 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 fair market value of any shares of restricted stock granted under the Company's restricted share plan, together with the total amount of acquisition fees, acquisition expense reimbursements, asset management fees, financing coordination fees, disposition fees and subordinated distributions by the operating partnership payable to the Advisor (or its assignees), shall not exceed (a) 6% of all properties' aggregate gross contract purchase price, (b) as determined annually, the greater, in the aggregate, of 2% of average invested assets and 25% of net income other than any additions to reserves for depreciation, bad debt or other similar non-cash reserves and excluding any gain from the sale of assets for that period, (c) disposition fees, if any, of up to 3% of the contract sales price of all properties that the Company sells and (d) 15% of remaining net sales proceeds after return of capital contributions plus payment to investors of a 6% cumulative, pre-tax, non-compounded return on the capital contributed by investors. Additionally, the total number of shares of common stock granted under the RSP shall not exceed 5.0% of the Company's authorized shares of common stock pursuant to the IPO 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 or upon attainment of pre-established performance objectives. 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 shall be subject to the same restrictions as the underlying restricted shares.
	The following table reflects restricted share award activity for the nine months ended September 30, 2014:


		Number of Restricted Shares		Weighted-Average Issue Price
	Unvested, December 31, 2013	16,200		$	9

	Granted	9,000		9

	Vested	(10,800	)	9

	Unvested, September 30, 2014	14,400		$	9

	The fair value of the restricted shares is being expensed over the vesting period of five years. Compensation expense related to restricted stock was approximately $88,000 and $8,000 during the nine months ended September 30, 2014 and 2013, respectively, and is recorded as general and administrative expense in the accompanying statements of operations.
	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. There were 1,056 shares of common stock issued in lieu of cash during the nine months ended September 30, 2014 which resulted in additional share based compensation of $10,000. There were no such shares of common stock issued in lieu of cash during the nine months ended September 30, 2013.

Net_Loss_Per_Share

Net Loss Per Share	9 Months Ended
Net Loss Per Share	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Net Loss Per Share	'
	Net Loss Per Share
	The following is a summary of the basic and diluted net loss per share computation for the three and nine months ended September 30, 2014 and 2013:


		Three Months Ended September 30,							Nine Months Ended September 30,
		2014				2013			2014			2013
	Net loss (in thousands)	$	(24,558	)		$	(3,090	)	$	(48,386	)	$	(4,386	)
	Basic and diluted weighted average shares outstanding	175,401,867				7,023,704			108,779,593			3,430,215
	Basic and diluted weighted average shares outstanding	175,401,867				7,023,704			108,779,593			3,430,215
	Basic and diluted net loss per share	$	(0.14	)		$	(0.44	)	$	(0.44	)	$	(1.28	)
	The Company had the following common share equivalents as of September 30, 2014 and 2013, which were excluded from the calculation of diluted loss per share attributable to stockholders as the effect would have been antidilutive:


		September 30,
		2014			2013
	Unvested restricted stock	14,400			16,200
	Unvested restricted stock	14,400			16,200
	OP Units	22			22
	OP Units	22			22
	Class B units	340,456			5,218
	Class B units	340,456			5,218
	Total common share equivalents	354,878			21,440
	Total common share equivalents	354,878			21,440

Subsequent_Events

Subsequent Events

9 Months Ended

Sep. 30, 2014

Subsequent Events [Abstract]

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 disclosures in the consolidated financial statements, except for the following transactions:

Sales of Common Stock

As of October 31, 2014, the Company had 176.8 million shares of common stock outstanding, including unvested restricted shares and shares issued under the DRIP. Total gross proceeds, net of repurchases, from these issuances were $1.8 billion, including proceeds from shares issued under the DRIP. As of October 31, 2014, the aggregate value of all share issuances was $1.7 billion based on a per share value of $10.00 (or $9.50 per share for shares issued under the DRIP).

Total capital raised to date, including shares issued under the DRIP, is as follows:

Source of Capital (in thousands)

Inception to September 30, 2014

October 1, 2014 to October 31, 2014

Total

Common stock

1,749,096

17,320

1,766,416

Acquisitions

The following table presents certain information about the properties that the Company acquired from October 1, 2014 to October 31, 2014:

Number of Properties

Rentable

Base

Square Feet

Purchase Price (1)

(In thousands)

Total portfolio, September 30, 2014

246

11,641,731

1,695,496

Acquisitions

2,471,887

289,123

Total portfolio, October 31, 2014

290

14,113,618

1,984,619

__________________________________________________

(1) Contract purchase price, excluding acquisition related costs, based on the exchange rate at the time of purchase.

Revolving Credit Facility

On July 25, 2013, the Company entered into a credit facility agreement which allows for total borrowings of up to $50.0 million. The credit facility agreement contains an “accordion feature” to allow the Company, under certain circumstances, to increase the aggregate borrowings under the credit facility to up to $750.0 million through additional commitments. On October 16, 2014, the Company subsequently amended the credit facility agreement to increase aggregate borrowings to $680.0 million.

Management Updates

On October 22, 2014, Mr. Nicholas S. Schorsch resigned from his role as chief executive officer of the Company, effective as of that same date. Mr. Schorsch did not resign pursuant to any disagreement with the Company. Simultaneously with Mr. Schorsch’s resignation from his role as chief executive officer of the Company, the Company’s board of directors appointed Mr. Schorsch to serve as executive chairman of the board.Simultaneously with Mr. Schorsch’s resignation from his role as chief executive officer of the Company, the Company’s board of directors appointed Mr. Scott J. Bowman to serve as the Company’s chief executive officer, effective as of that same date.

On October 22, 2014, in light of his recent appointment as chief executive officer of RCS Capital Corporation, Edward M. Weil, Jr. resigned from his role as president, chief operating officer, treasurer and secretary of the Company, effective as of that same date. Mr. Weil did not resign pursuant to any disagreement with the Company. Simultaneously with Mr. Weil’s resignation, the Company’s board of directors appointed Mr. Andrew Winer, currently the chief investment officer of the Company, to serve as president of the Company and Mr. William M. Kahane to serve as the Company’s chief operating officer, treasurer and secretary. Mr. Winer will also continue to serve in his capacity as chief investment officer of the Company.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2014
Accounting Policies [Abstract]	'
Recently Issued Accounting Pronouncements	'
	Recently Issued Accounting Pronouncements
	In April 2014, the FASB amended the requirements for reporting discontinued operations. Under the revised guidance, in addition to other disclosure requirements, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results when the component or group of components meets the criteria to be classified as held for sale, disposed of by sale or other than by sale. The Company has adopted the provisions of this guidance effective January 1, 2014, and has applied the provisions prospectively. The adoption of this guidance did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.

Real_Estate_Investments_Tables

Real Estate Investments (Tables)	9 Months Ended
	Sep. 30, 2014
Real Estate [Abstract]	'
Schedule of Real Estate Properties	'
	The following table reflects the number and related base purchase prices of properties acquired as of December 31, 2013 and during the nine months ended September 30, 2014:


			Number of Properties		Base Purchase Price(1)
					(In thousands)
	As of December 31, 2013		37		$	184,890

	Nine Months ended September 30, 2014		209		1,510,606

	Portfolio as of September 30, 2014		246		$	1,695,496

	________________________________________________

	-1	Contract purchase price, excluding acquisition related costs, based on the exchange rate at the time of purchase.
Schedule of Business Acquisitions, by Acquisition	'
	The following table presents the allocation of the assets acquired during the nine months ended September 30, 2014 and 2013.


			Nine Months Ended
	(Dollar amounts in thousands)		September 30, 2014				September 30, 2013
	Real estate investments, at cost:
	Land		$	205,129			$	18,071

	Buildings, fixtures and improvements		912,355				37,516

	Total tangible assets		1,117,484				55,587

	Intangibles acquired:
	In-place leases		350,626				30,624

	Above market lease asset		31,584				1,223

	Below market lease liability		(3,455		)		(3,904		)
	Total assets acquired, net		1,496,239				83,530

	Mortgage notes payable used to acquire real estate investments		(96,620		)		(30,416		)
	Cash paid for acquired real estate investments		$	1,399,619			$	53,114

	Number of properties purchased		209				8

Business Acquisition, Pro Forma Information	'
	The following table presents unaudited pro forma information as if the acquisitions during the nine months ended September 30, 2014, had been consummated on January 1, 2013. Additionally, the unaudited pro forma net income attributable to stockholders was adjusted to exclude acquisition and transaction related expense of $53.9 million and $4.6 million from the nine months ended September 30, 2014 and September 30, 2013, respectively.


			Nine Months Ended September 30,
	(In thousands)		2014				2013
	Pro forma revenues		$	105,826			$	93,558

	Pro forma net income		$	11,546			$	3,458

Schedule of Future Minimum Rental Payments for Operating Leases	'
	The following presents future minimum base rental cash payments due to the Company during the next five years and thereafter as of September 30, 2014. 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 indices among other items.


	(In thousands)		Future Minimum
			Base Rent Payments
	October 1, 2014 - December 31, 2014		$	33,372

	2015		134,389

	2016		135,870

	2017		137,090

	2018		138,592

	Thereafter		1,121,831

			$	1,701,144

Schedule of Annualized Rental Income by Major Tenants	'
	The following table lists the tenants whose annualized rental income on a straight-line basis represented greater than 10% of total annualized rental income for all properties on a straight-line basis as of September 30, 2014 and September 30, 2013.


			September 30,
	Tenant		2014		2013
	Thames Water Utilities Limited		*		24.20%
	Northern Rock (Asset Management) PLC		*		18.20%
	Kulicke and Soffa Industries, Inc.		*		17.00%
	Everything Everywhere Limited		*		14.80%
	Wickes Building Supplies Limited		*		11.70%
	PPD Global Central Labs, LLC		*		11.30%
	_______________________________________________________________________
	* Tenant's annualized rental income on a straight-line basis was not greater than 10% of total annualized rental income for all portfolio properties as of the period specified.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas	'
	The following table lists the countries and states where the Company has concentrations of properties where annualized rental income on a straight-line basis represented greater than 10% of consolidated annualized rental income on a straight-line basis as of September 30, 2014 and September 30, 2013.


			September 30,
	Country or State (if domestic)		2014		2013
	United Kingdom		29.80%		71.70%
	United States: Texas		12.10%		*
	United States: Michigan		10.30%		*
	United States: Pennsylvania		*		17.00%
	United States: Kentucky		*		11.30%
	_______________________________________________________________________
	* Geography's annualized rental income on a straight-line basis was not greater than 10% of total annualized rental income for all portfolio properties as of the period specified.

Mortgage_Note_Payable_Tables

Mortgage Note Payable (Tables)	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of Long-term Debt Instruments	'
	Mortgage notes payable as of September 30, 2014 and December 31, 2013 consisted of the following:


		Encumbered Properties		Outstanding Loan Amount					Effective Interest Rate		Interest Rate
	Portfolio			September 30, 2014			December 31, 2013					Maturity
				(In thousands)			(In thousands)
	McDonald's	1		$	1,234	(1)	$	1,253	4.10%	(2)	Fixed	Oct. 2017

	Wickes Building Supplies I	1		3,161		(1)	3,209		3.70%	(2)	Fixed	May-18

	Everything Everywhere	1		6,496		(1)	6,596		4.00%	(2)	Fixed	Jun. 2018

	Thames Water	1		9,744		(1)	9,894		4.10%	(2)	Fixed	Jul. 2018

	Wickes Building Supplies II	1		2,680		(1)	2,721		4.20%	(2)	Fixed	Jul. 2018

	Northern Rock	2		8,526		(1)	8,657		4.40%	(2)	Fixed	Sep. 2018

	Wickes Building Supplies III	1		3,086		(1)	3,133		4.30%	(2)	Fixed	Nov. 2018

	Western Digital	1		18,339			18,541		5.30%		Fixed	Jul. 2021

	Encanto	18		22,597			22,900		6.30%		Fixed	Jun. 2017

	Rheinmetall	1		13,447			—		2.60%	(2)	Fixed	Jan. 2019

	Provident Financial	1		20,706			—		4.10%	(2)	Fixed	Feb. 2019

	Crown Crest Group Limited	1		31,261			—		4.20%	(2)	Fixed	Feb. 2019

	Aviva Life & Pensions UK Ltd.	1		25,497			—		3.80%	(2)	Fixed	Mar. 2019

	OBI DIY	1		5,709			—		2.40%		Fixed	Jan. 2019

	Total	32		$	172,483		$	76,904	4.30%

	___________________________________________________________
	(1) Movement in principal balances are related to changes in exchange rates.
	(2) Fixed as a result of an interest rate swap agreement.
Schedule of Maturities of Long-term Debt	'
	The following table summarizes the scheduled aggregate principal payments on the mortgage notes payable subsequent to September 30, 2014 and thereafter:


	(In thousands)	Future Principal Payments
	October 1, 2014 — December 31, 2014	$	175

	2015	721

	2016	758

	2017	23,152

	2018	34,028

	Thereafter	113,649

		$	172,483

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value, Liabilities Measured on Recurring Basis	'
	The following table presents information about the Company's assets and liabilities (including derivatives that are presented net) measured at fair value on a recurring basis as of September 30, 2014 and December 31, 2013, aggregated at the fair value hierarchy level within which those instruments fall.


	(In thousands)	Quoted Prices in Active Markets				Significant Other Observable Inputs				Significant Unobservable Inputs				Total
		Level 1				Level 2				Level 3
	September 30, 2014
	Foreign currency swaps, net	$	—			$	1,213			$	—			$	1,213

	Foreign currency forwards, net	$	—			$	676			$	—			$	676

	Interest rate swaps, net	$	—			$	(1,353	)		$	—			$	(1,353	)

	December 31, 2013
	Foreign currency swap	$	—			$	(2,565	)		$	—			$	(2,565	)

	Interest rate swap	$	—			$	734			$	—			$	734

Fair Value, by Balance Sheet Grouping	'
	The fair values of the Company's remaining financial instruments that are not reported at fair value on the consolidated balance sheets are reported below.


				Carrying Amount(1)				Fair Value				Carrying Amount(2)				Fair Value
	(In thousands)	Level		September 30,				September 30,				December 31,				December 31,
				2014				2014				2013				2013
	Mortgage notes payable	3		$	173,773			$	174,918			$	78,567			$	77,698

	__________________________________________________________
	(1) Carrying value includes $172.5 million mortgage notes payable and $1.3 million mortgage premiums, net as of September 30, 2014.
	(2) Carrying value includes $76.9 million mortgage notes payable and $1.7 million mortgage premiums, net as of December 31, 2013.

Derivative_and_Hedging_Activit1

Derivative and Hedging Activities (Tables)	9 Months Ended
Derivative and Hedging Activities (Tables)	Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Schedule of Interest Rate Derivatives	'
	As of September 30, 2014 and December 31, 2013, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:


		September 30, 2014						December 31, 2013
	Derivatives	Number of		Notional Amount				Number of		Notional Amount
	Derivatives	Instruments		Notional Amount				Instruments		Notional Amount
				(In thousands)						(In thousands)
	Interest rate swaps	21		$	425,585			7		$	35,465
	Interest rate swaps	21		$	425,585			7		$	35,465
Schedule of Derivative Instruments	'
	As of September 30, 2014 and December 31, 2013, the Company had the following outstanding cross currency swaps that were used to hedge its net investments in foreign operations:


		September 30, 2014						December 31, 2013
	Derivatives	Number of		Notional Amount				Number of		Notional Amount
	Derivatives	Instruments		Notional Amount				Instruments		Notional Amount
				(In thousands)						(In thousands)
	Foreign currency swaps (1)	12		$	132,391			7		$	35,597
	Foreign currency swaps (1)	12		$	132,391			7		$	35,597
	____________________________________
	(1) Payments and obligations pursuant to these foreign currency swap agreements are guaranteed by AR Capital, LLC, the entity which wholly owns the Sponsor.
Disclosure of Credit Derivatives	'
	As of September 30, 2014 and December 31, 2013, the Company had the following outstanding derivatives that were not designated as hedges under qualifying hedging relationships.


		30-Sep-14						31-Dec-13
	Derivatives	Number of		Notional Amount				Number of		Notional Amount
	Derivatives	Instruments		Notional Amount				Instruments		Notional Amount
				(In thousands)						(In thousands)
	EUR-USD forwards	16		$	4,944			—		$	—
	EUR-USD forwards	16		$	4,944			—		$	—
	GBP-USD forwards	71		$	13,354			—		$	—
	GBP-USD forwards	71		$	13,354			—		$	—
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 Balance Sheet as of September 30, 2014 and December 31, 2013:


	(In thousands)	Balance Sheet Location		September 30, 2014				December 31, 2013
	Derivatives designated as hedging instruments:
	Interest rate swaps	Derivative assets, at fair value		$	355			$	734
	Interest rate swaps	Derivative assets, at fair value		$	355			$	734
	Foreign currency swaps	Derivative assets, at fair value		$	2,996			$	—
	Foreign currency swaps	Derivative assets, at fair value		$	2,996			$	—
	GBP-USD Forwards	Derivative assets, at fair value		$	460			$	—
	GBP-USD Forwards	Derivative assets, at fair value		$	460			$	—
	EUR-USD Forwards	Derivative assets, at fair value		$	245			$	—
	EUR-USD Forwards	Derivative assets, at fair value		$	245			$	—
	Interest rate swaps	Derivative liabilities, at fair value		$	(1,708	)		$	—
	Interest rate swaps	Derivative liabilities, at fair value		$	(1,708	)		$	—
	Foreign currency swaps	Derivative liabilities, at fair value		$	(1,783	)		$	(2,565	)
	GBP-USD Forwards	Derivative liabilities, at fair value		$	(29	)		$	—
	GBP-USD Forwards	Derivative liabilities, at fair value		$	(29	)		$	—
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	'
	The table below details the location in the financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the three and nine months ended September 30, 2014 and 2013.


		Three Months Ended September 30,							Nine Months Ended September 30,
	(In thousands)	2014				2013			2014			2013
	Amount of gain (loss) recognized in accumulated other comprehensive income from derivatives (effective portion)	$	5,735			(1,993	)		$	(84	)	(1,553	)
		$	5,735			(1,993	)		$	(84	)	(1,553	)
	Amount of loss reclassified from accumulated other comprehensive income into income as interest expense (effective portion)	$	(595	)		(41	)		$	(1,197	)	(51	)
	Amount of gain (loss) recognized in income on derivative instruments (ineffective portion and amount excluded from effectiveness testing)	$	—			—			$	—		—
		$	—			—			$	—		—
Offsetting Assets	'
	The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of September 30, 2014 and December 31, 2013. 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
	Derivatives (In thousands)	Gross Amounts of Recognized Assets				Gross Amounts of Recognized (Liabilities)				Gross Amounts Offset on the Balance Sheet			Net Amounts of Assets (Liabilities) presented on the Balance Sheet			Financial Instruments		Cash Collateral Received (Posted)		Net Amount
	September 30, 2014	$	4,056			$	(3,520	)		$	—		$	536		$	—	$	—	$	536
	September 30, 2014	$	4,056			$	(3,520	)		$	—		$	536		$	—	$	—	$	536
	December 31, 2013	$	734			$	(2,565	)		$	—		$	(1,831	)	$	—	$	—	$	(1,831	)
	December 31, 2013	$	734			$	(2,565	)		$	—		$	(1,831	)	$	—	$	—	$	(1,831	)

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2014
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 from and payable to the Dealer Manager related to the sale of common stock as of and for the periods presented:


														Payable as of
			Three Months Ended September 30,						Nine Months Ended September 30,					September 30,		December 31,
	(In thousands)		2014			2013			2014			2013		2014		2013
	Total commissions and fees to Dealer Manager		$	1,821		$	3,186		$	148,377		$	7,807	$	—	$	176

Schedule Of Offering Costs Reimbursements to Related Party	'
	The following table details fees and offering cost reimbursements incurred and payable to the Advisor and Dealer Manager related to the sale of common stock as of and for the periods presented:


														Payable as of
			Three Months Ended September 30,						Nine Months Ended September 30,					September 30,		December 31,
	(In thousands)		2014			2013			2014			2013		2014		2013
	Fees and expense reimbursements to the Advisor and Dealer Manager		$	5,889		$	488		$	17,635		$	998	$	552	$	293

Schedule of Amount Contractually Due and Forgiven in Connection With Operation Related Services	'
	The following table reflects related party fees incurred, forgiven and contractually due as of and for the periods presented:


			Three Months Ended September 30,											Nine Months Ended September 30,								Payable as of
			2014						2013					2014				2013				September 30,		December 31,
	(In thousands)		Incurred			Forgiven			Incurred			Forgiven		Incurred		Forgiven		Incurred		Forgiven		2014		2013
	One-time fees and reimbursements:
	Acquisition fees and related cost reimbursements		$	13,734		$	—		$	958		$	—	$	22,889	$	—	$	1,253	$	—	$	2	$	—

	Financing coordination fees		637			—			524			—		3,484		—		593		—		—		—

	Ongoing fees:
	Property management and leasing fees		167			152			18			5		354		355		23		6		41		1

	Strategic advisory fees		346			—			107			—		561		—		251		—		—		—

	Distributions on Class B Units		50			—			1			—		77		—		1		—		—		—

	Total related party operational fees and reimbursements		$	14,934		$	152		$	1,608		$	5	$	27,365	$	355	$	2,121	$	6	$	43	$	1

	___________________________________________________________________________
	(1) Effective January 1, 2013, the Company issues (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.
Schedule of General and Administrative Expenses Absorbed by Affiliate	'
	The following table details property operating and general and administrative expenses absorbed by the Advisor during the three and nine months ended September 30, 2014 and 2013:


		Three Months Ended September 30,						Nine Months Ended September 30,
	(In thousands)	2014			2013			2014			2013
	Property operating expenses absorbed	$	—		$	—		$	—		$	4

	General and administrative expenses absorbed	—			357			—			833

	Total expenses absorbed (1)	$	—		$	357		$	—		$	837

	___________________________________________________________________
	(1) The Company had no receivable from the Advisor as of September 30, 2014 related to absorbed costs and had $0.5 million receivable as of December 31, 2013.

ShareBased_Compensation_Tables

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2014
Share-based Compensation [Abstract]	'
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award	'
	The following table reflects restricted share award activity for the nine months ended September 30, 2014:


		Number of Restricted Shares		Weighted-Average Issue Price
	Unvested, December 31, 2013	16,200		$	9

	Granted	9,000		9

	Vested	(10,800	)	9

	Unvested, September 30, 2014	14,400		$	9

Net_Loss_Per_Share_Tables

Net Loss Per Share (Tables)	9 Months Ended
Net Loss Per Share (Tables)	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted	'
	The following is a summary of the basic and diluted net loss per share computation for the three and nine months ended September 30, 2014 and 2013:


		Three Months Ended September 30,							Nine Months Ended September 30,
		2014				2013			2014			2013
	Net loss (in thousands)	$	(24,558	)		$	(3,090	)	$	(48,386	)	$	(4,386	)
	Basic and diluted weighted average shares outstanding	175,401,867				7,023,704			108,779,593			3,430,215
	Basic and diluted weighted average shares outstanding	175,401,867				7,023,704			108,779,593			3,430,215
	Basic and diluted net loss per share	$	(0.14	)		$	(0.44	)	$	(0.44	)	$	(1.28	)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	'
	The Company had the following common share equivalents as of September 30, 2014 and 2013, which were excluded from the calculation of diluted loss per share attributable to stockholders as the effect would have been antidilutive:


		September 30,
		2014			2013
	Unvested restricted stock	14,400			16,200
	Unvested restricted stock	14,400			16,200
	OP Units	22			22
	OP Units	22			22
	Class B units	340,456			5,218
	Class B units	340,456			5,218
	Total common share equivalents	354,878			21,440
	Total common share equivalents	354,878			21,440

Subsequent_Events_Tables

Subsequent Events (Tables)	9 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]	'
Schedule of Subsequent Events	'
	Total capital raised to date, including shares issued under the DRIP, is as follows:


	Source of Capital (in thousands)	Inception to September 30, 2014			October 1, 2014 to October 31, 2014				Total
	Common stock	$	1,749,096		$	17,320			$	1,766,416

	The following table presents certain information about the properties that the Company acquired from October 1, 2014 to October 31, 2014:


		Number of Properties		Rentable			Base
				Square Feet			Purchase Price (1)
							(In thousands)
	Total portfolio, September 30, 2014	246		11,641,731			$	1,695,496

	Acquisitions	44		2,471,887			289,123

	Total portfolio, October 31, 2014	290		14,113,618			$	1,984,619

	__________________________________________________
	(1) Contract purchase price, excluding acquisition related costs, based on the exchange rate at the time of purchase.

Organization_Details

Organization (Details) (USD $)

9 Months Ended

30 Months Ended

39 Months Ended

0 Months Ended

39 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Apr. 20, 2012

Jun. 13, 2014

Sep. 30, 2014

Jun. 17, 2014

Oct. 05, 2012

Apr. 20, 2012

Sep. 30, 2014

Apr. 20, 2012

Sep. 30, 2014

Common Stock

American Realty Capital Global Special Limited Partner, LLC

Minimum

Unaffiliated Third Party Property Management Services

Europe

All Other Regions, Excluding the United States

Total Portfolio, As of Document End Date

Common Stock

Europe

sqft

Maximum

property

Operations [Line Items]

Common stock, authorized (in shares)

300,000,000

150,000,000

Common stock, par value (in dollars per share)

$0.01

Share Price (in dollars per share)

$10

Shares available for issuance under a distribution reinvestment plan (in shares)

25,000,000

Share Reallocated Under DRIP (in shares)

23,800,000

Additional Shares Available for Issuance Under DRIP (in shares)

25,000,000

Common stock, outstanding (in shares)

176,205,356

15,665,827

176,205,356

Proceeds from issuance of common stock

$1,569,328,000

$83,028,000

$154,200,000

$1,749,096,000

Common stock outstanding

1,800,000,000

DRIP Share Price (in dollars per share)

$9.50

Investment in real estate and other assets

1,399,619,000

53,114,000

1,200,000,000

Estimated value of common stock

95.00%

Percentage of portfolio investments

40.00%

10.00%

Number of properties

246

Rentable square feet

11,641,731

Occupancy rate

100.00%

Weighted average remaining lease term

'11 years 3 months 18 days

Limited partners' contributed capital

$200

Units of limited partner interest in OP (in shares)

Property management fee, percent fee

50.00%

Real_Estate_Investments_Real_E

Real Estate Investments - Real Estate Purchases (Details) (USD $)	9 Months Ended		30 Months Ended		39 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014		Dec. 31, 2013		Sep. 30, 2014
	property		property		property
Real Estate [Abstract]	'		'		'
Number of Properties	209		37		246
Base Purchase Price	$1,510,606	[1]	$184,890	[1]	$1,695,496	[1]

[1]	Contract purchase price, excluding acquisition related costs, based on the exchange rate at the time of purchase.

Real_Estate_Investments_Detail

Real Estate Investments (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
	Sep. 30, 2014	Sep. 30, 2013	property	property
Real estate investments, at cost:	'	'	'	'
Land	'	'	$205,129	$18,071
Buildings, fixtures and improvements	'	'	912,355	37,516
Total tangible assets	'	'	1,117,484	55,587
Intangibles acquired:	'	'	'	'
Total assets acquired, net	'	'	1,496,239	83,530
Mortgage notes payable used to acquire real estate investments	'	'	-96,620	-30,416
Cash paid for acquired real estate investments	'	'	1,399,619	53,114
Number of properties purchased	'	'	209	8
Acquisition and transaction related	29,124	3,256	53,883	4,576
Pro forma revenues	'	'	105,826	93,558
Pro forma net income	'	'	11,546	3,458
October 1, 2014 - December 31, 2014	33,372	'	33,372	'
2015	134,389	'	134,389	'
2016	135,870	'	135,870	'
2017	137,090	'	137,090	'
2018	138,592	'	138,592	'
Thereafter	1,121,831	'	1,121,831	'
Total	1,701,144	'	1,701,144	'
Leases, Acquired-in-Place	'	'	'	'
Intangibles acquired:	'	'	'	'
Acquired intangibles	'	'	350,626	30,624
Above Market Leases	'	'	'	'
Intangibles acquired:	'	'	'	'
Acquired intangibles	'	'	31,584	1,223
Below Market Lease	'	'	'	'
Intangibles acquired:	'	'	'	'
Acquired intangibles	'	'	($3,455)	($3,904)

Real_Estate_Investments_Schedu

Real Estate Investments (Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas) (Details)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
United Kingdom	'	'
Entity wide revenue percentage	29.80%	71.70%
United States: Texas	'	'
Entity wide revenue percentage	12.10%	'
MICHIGAN	'	'
Entity wide revenue percentage	10.30%	'
PENNSYLVANIA	'	'
Entity wide revenue percentage	'	17.00%
KENTUCKY	'	'
Entity wide revenue percentage	'	11.30%
Thames Water	'	'
Concentration percentage	'	24.20%
Northern Rock (Asset Management) LLC	'	'
Concentration percentage	'	18.20%
Kulicke and Soffa Industries, Inc.	'	'
Concentration percentage	'	17.00%
Everything Everywhere	'	'
Concentration percentage	'	14.80%
Wickes Building Supplies I	'	'
Concentration percentage	'	11.70%
PPD Global Central Labs LLC	'	'
Concentration percentage	'	11.30%

Revolving_Credit_Facility_Deta

Revolving Credit Facility (Details) (USD $)

Sep. 30, 2014

Dec. 31, 2013

Jul. 25, 2013

Sep. 30, 2014

Jul. 31, 2014

Jun. 24, 2014

Mar. 26, 2014

Dec. 31, 2013

Jul. 25, 2013

JPMorgan Chase Bank, N.A.

Maximum

Line of Credit Facility, Interest Rate, Option Two

Line of Credit Facility, Interest Rate, Option One

Line of Credit Facility, Base Rate, Option Two

Line of Credit Facility, Base Rate, Option Three

Above Threshold

Below Threshold

Revolving Credit Facility

JPMorgan Chase Bank, N.A.

Base Rate

LIBOR

Federal Funds Effective Rate

Adjusted LIBOR

JPMorgan Chase Bank, N.A.

extension

Revolving Credit Facility

Maximum

Minimum

Maximum

Minimum

JPMorgan Chase Bank, N.A.

Revolving Credit Facility

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$50,000,000

Additional borrowing capacity

750,000,000

Increase in additional borrowing capacity

330,000,000

100,000,000

Interest rate

1.20%

0.60%

2.20%

1.60%

0.50%

1.00%

Unused capacity commitment fee

0.25%

0.15%

Commitment fee percentage

50.00%

Credit facility

299,747,000

299,700,000

415,000,000

Remaining borrowing capacity

$115,300,000

$31,100,000

Number of one year extensions

Mortgage_Note_Payable_Details

Mortgage Note Payable (Details) (USD $)	Sep. 30, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014		Dec. 31, 2013
Debt Instrument [Line Items]	'		'
Mortgage notes payable	$172,483		$76,904
Mortgages	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	32		'
Effective Interest Rate	4.30%		'
April 1, 2014 b December 31, 2014	175		'
2015	721		'
2016	758		'
2017	23,152		'
2018	34,028		'
Thereafter	113,649		'
Mortgage notes payable	172,483		76,904
McDonald's \| Mortgages	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Effective Interest Rate	4.10%	[1]	'
Mortgage notes payable	1,234	[2]	1,253
Wickes Building Supplies I \| Mortgages	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Effective Interest Rate	3.70%	[1]	'
Mortgage notes payable	3,161	[2]	3,209
Everything Everywhere \| Mortgages	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Effective Interest Rate	4.00%	[1]	'
Mortgage notes payable	6,496	[2]	6,596
Thames Water \| Mortgages	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Effective Interest Rate	4.10%	[1]	'
Mortgage notes payable	9,744	[2]	9,894
Wickes Building Supplies II \| Mortgages	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Effective Interest Rate	4.20%	[1]	'
Mortgage notes payable	2,680	[2]	2,721
Northern Rock \| Mortgages	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	2		'
Effective Interest Rate	4.40%	[1]	'
Mortgage notes payable	8,526	[2]	8,657
Wickes Building Supplies III \| Mortgages	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Effective Interest Rate	4.30%	[1]	'
Mortgage notes payable	3,086	[2]	3,133
Western Digital \| Mortgages	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Effective Interest Rate	5.30%		'
Mortgage notes payable	18,339		18,541
Encanto \| Mortgages	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	18		'
Effective Interest Rate	6.30%		'
Mortgage notes payable	22,597		22,900
Rheinmetall \| Mortgages	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Effective Interest Rate	2.60%	[1]	'
Mortgage notes payable	13,447		0
Provident Financial \| Mortgages	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Effective Interest Rate	4.10%	[1]	'
Mortgage notes payable	20,706		0
Crown Crest Group Limited \| Mortgages	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Effective Interest Rate	4.20%	[1]	'
Mortgage notes payable	31,261		0
Aviva Life & Pensions UK Ltd. \| Mortgages	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Effective Interest Rate	3.80%	[1]	'
Mortgage notes payable	25,497		0
OBI DIY \| Mortgages	'		'
Debt Instrument [Line Items]	'		'
Encumbered Properties	1		'
Effective Interest Rate	2.40%		'
Mortgage notes payable	$5,709		$0

[1]	Fixed as a result of an interest rate swap agreement.
[2]	Movement in principal balances are related to changes in exchange rates.

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Fair Value Measurement, Recurring and Nonrecurring) (Details) (Fair Value, Measurements, Recurring, USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Foreign currency swaps, net \| Quoted Prices in Active Markets Level 1	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value, Interest rate swap	$0	'
Fair value, Foreign Currency	'	0
Foreign currency swaps, net \| Significant Other Observable Inputs Level 2	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value, Interest rate swap	1,213	'
Fair value, Foreign Currency	'	-2,565
Foreign currency swaps, net \| Significant Unobservable Inputs Level 3	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value, Interest rate swap	0	'
Fair value, Foreign Currency	'	0
Foreign currency swaps, net \| Total	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value, Interest rate swap	1,213	'
Fair value, Foreign Currency	'	-2,565
Foreign currency forwards, net \| Quoted Prices in Active Markets Level 1	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value, Interest rate swap	0	'
Foreign currency forwards, net \| Significant Other Observable Inputs Level 2	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value, Interest rate swap	676	'
Foreign currency forwards, net \| Significant Unobservable Inputs Level 3	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value, Interest rate swap	0	'
Foreign currency forwards, net \| Total	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value, Interest rate swap	676	'
Interest rate swaps, net \| Quoted Prices in Active Markets Level 1	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value, Interest rate swap	'	0
Fair value, Foreign Currency	0	'
Interest rate swaps, net \| Significant Other Observable Inputs Level 2	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value, Interest rate swap	'	734
Fair value, Foreign Currency	-1,353	'
Interest rate swaps, net \| Significant Unobservable Inputs Level 3	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value, Interest rate swap	'	0
Fair value, Foreign Currency	0	'
Interest rate swaps, net \| Total	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value, Interest rate swap	'	734
Fair value, Foreign Currency	($1,353)	'

Fair_Value_of_Financial_Instru3

Fair Value of Financial Instruments (Fair Value by Balance Sheet Grouping) (Details) (USD $)	Sep. 30, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014		Dec. 31, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'
Mortgage notes payable	$172,483		$76,904
Mortgage premium, net	1,290		1,663
Mortgages	'		'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'
Mortgage notes payable	172,483		76,904
Significant Unobservable Inputs Level 3 \| Mortgages \| Carrying (Reported) Amount, Fair Value Disclosure	'		'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'
Mortgage notes payable	173,773	[1]	78,567	[2]
Mortgage notes payable	172,500		76,900
Mortgage premium, net	1,300		1,700
Significant Unobservable Inputs Level 3 \| Mortgages \| Total	'		'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'
Mortgage notes payable	$174,918		$77,698

[1]	Carrying value includes $172.5 million mortgage notes payable and $1.3 million mortgage premiums, net as of SeptemberB 30, 2014.
[2]	Carrying value includes $76.9 million mortgage notes payable and $1.7 million mortgage premiums, net as of DecemberB 31, 2013.

Derivative_and_Hedging_Activit2

Derivative and Hedging Activities (Details) (USD $)	3 Months Ended		9 Months Ended
Derivative and Hedging Activities (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Derivative [Line Items]	'	'	'	'
Gains on derivative instruments	$849,000	$0	$599,000	$0
Fair value of derivatives in net liability position	3,900,000	'	3,900,000	'
Cash Flow Hedging \| Interest Expense \| Interest rate swaps, net \| Designated as Hedging Instrument	'	'	'	'
Derivative [Line Items]	'	'	'	'
Estimate of time to transfer	'	'	'12 months	'
Estimated net amount to be transferred	'	'	$2,400,000	'

Derivative_and_Hedging_Activit3

Derivative and Hedging Activities (Schedule of Interest Rate Derivatives) (Details) (Swap, Cash Flow Hedging, Designated as Hedging Instrument, USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	derivative	derivative
Swap \| Cash Flow Hedging \| Designated as Hedging Instrument	'	'
Derivative [Line Items]	'	'
Number of Instruments	21	7
Notional Amount	$425,585	$35,465

Derivative_and_Hedging_Activit4

Derivative and Hedging Activities (Schedule of Foreign Currency Derivatives) (Details) (Swap, USD $)	Sep. 30, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014		Dec. 31, 2013
Cash Flow Hedging \| Designated as Hedging Instrument	'		'
Schedule of Foreign Currency Swaps [Line Items]	'		'
Notional Amount	$425,585		$35,465
Foreign currency swaps, net \| Designated as Hedging Instrument	'		'
Schedule of Foreign Currency Swaps [Line Items]	'		'
Number of Instruments	12	[1]	7	[1]
Notional Amount	132,391	[1]	35,597	[1]
Euro Member Countries, Euro \| Cash Flow Hedging \| Not Designated as Hedging Instrument	'		'
Schedule of Foreign Currency Swaps [Line Items]	'		'
Number of Instruments	16		0
Euro Member Countries, Euro \| Foreign currency swaps, net \| Not Designated as Hedging Instrument	'		'
Schedule of Foreign Currency Swaps [Line Items]	'		'
Notional Amount	4,944		0
United Kingdom, Pounds \| Cash Flow Hedging \| Not Designated as Hedging Instrument	'		'
Schedule of Foreign Currency Swaps [Line Items]	'		'
Number of Instruments	71		0
United Kingdom, Pounds \| Foreign currency swaps, net \| Not Designated as Hedging Instrument	'		'
Schedule of Foreign Currency Swaps [Line Items]	'		'
Notional Amount	$13,354		$0

[1]	Payments and obligations pursuant to these foreign currency swap agreements are guaranteed by AR Capital, LLC, the entity which wholly owns the Sponsor.

Derivative_and_Hedging_Activit5

Derivative and Hedging Activities (Schedule of Derivatives in Statement of Financial Position) (Details) (Significant Other Observable Inputs Level 2, Swap, Designated as Hedging Instrument, USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Interest rate swaps, net \| Derivative Financial Instruments, Assets	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative assets, at fair value	$355	$734
Interest rate swaps, net \| Derivative Financial Instruments, Liabilities	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative liabilities, at fair value	-1,708	0
Foreign currency swaps \| Derivative Financial Instruments, Assets	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative assets, at fair value	2,996	0
Foreign currency swaps \| Derivative Financial Instruments, Liabilities	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative liabilities, at fair value	-1,783	-2,565
Foreign currency forwards, net \| Derivative Financial Instruments, Liabilities	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative liabilities, at fair value	-29	0
United Kingdom, Pounds \| Foreign currency swaps \| Derivative Financial Instruments, Assets	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative assets, at fair value	460	0
Euro Member Countries, Euro \| Foreign currency swaps \| Derivative Financial Instruments, Assets	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative assets, at fair value	$245	$0

Derivative_and_Hedging_Activit6

Derivative and Hedging Activities (Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance) (Details) (Interest rate swaps, net, Cash Flow Hedging, USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Amount of gain (loss) recognized in accumulated other comprehensive income from derivatives (effective portion)	$5,735	($1,993)	($84)	($1,553)
Amount of gain (loss) recognized in income on derivative instruments (ineffective portion and amount excluded from effectiveness testing)	0	0	0	0
Interest Expense	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Amount of loss reclassified from accumulated other comprehensive income into income as interest expense (effective portion)	($595)	($41)	($1,197)	($51)

Derivative_and_Hedging_Activit7

Derivative and Hedging Activities (Offsetting Liabilities) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'	'
Gross Amounts of Recognized Assets	$4,056	$734
Gross Amounts of Recognized (Liabilities)	-3,520	-2,565
Gross Amounts Offset on the Balance Sheet	0	0
Net Amounts of Assets (Liabilities) presented on the Balance Sheet	536	-1,831
Financial Instruments	0	0
Cash Collateral Received (Posted)	0	0
Net amount	$536	($1,831)

Common_Stock_NarrativeDetails

Common Stock (Narrative)(Details) (USD $)	0 Months Ended	9 Months Ended		30 Months Ended	39 Months Ended
In Thousands, except Share data, unless otherwise specified	Oct. 05, 2012	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2014	Oct. 05, 2012	Apr. 20, 2012
	Oct. 05, 2012	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Sep. 30, 2014	Common Stock	Common Stock	Common Stock
Class of Stock [Line Items]	'	'	'	'	'	'	'	'
Common stock, outstanding (in shares)	'	176,205,356	'	15,665,827	176,205,356	'	'	'
Proceeds from issuance of common stock	'	$1,569,328	$83,028	$154,200	$1,749,096	'	'	'
Annual dividend percentage	7.10%	'	'	'	'	'	'	'
Dividends declared per day (in dollars per share)	$0.00	'	'	'	'	'	'	'
Share Price (in dollars per share)	'	'	'	'	'	$10	$10	$10

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)

39 Months Ended

3 Months Ended

9 Months Ended

39 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Special Limited Partner

Dealer Manager

Advisor

Maximum

Monthly Average Daily Net Asset Value

Gross Proceeds, Retail Shares

Contract Purchase Price

Advance on Loan or Other Investment

Amount Available or Outstanding Under Financing Arrangement

Gross Revenue, Managed Properties

Pre-tax Non-compounded Return on Capital Contribution

Excess of Adjusted Market Value of Real Estate Assets Plus Distributions Over Aggregate Contributed Investor Capital

Net Sale Proceeds, after Return of Capital Contributions and Annual Targeted Investor Return

Total commissions and fees to Dealer Manager

Fees and expense reimbursements to the Advisor and Dealer Manager

Property operating expenses absorbed

General and administrative expenses absorbed

Annual Targeted Investor Return

Brokerage Commission Fees

Real Estate Commissions

Third party professional fees and offering costs

Portion recoverable by third party service provider

Option One

Option Two

Greater Of

Stand Alone, Single Tenant, Net Leased

All other properties, other than stand alone, single tenant, net leased

Europe

Gross Revenue, Managed Properties

Incurred

Forgiven

Payable

American Realty Capital Global Advisors, LLC

Advisor

Maximum

Advisor

Maximum

Advisor

Maximum

Advisor

Maximum

Advisor

Dealer Manager

Advisor and Dealer Manager

Advisor

Pre-tax Non-compounded Return on Capital Contribution

Contract Sales Price

Excess of Adjusted Market Value of Real Estate Assets Plus Distributions Over Aggregate Contributed Investor Capital

Net Sale Proceeds, after Return of Capital Contributions and Annual Targeted Investor Return

Gross Proceeds, Retail Shares

Average Invested Assets

Net Income, Excluding Additions to Non-cash Reserves and Gains on Sales of Assets

Brokerage Commission Fees

Gross Revenue, Managed Properties

Unaffiliated Third Party Property Management Services

Portion of Fees Attributable to Related Party

Europe

Nonrecurring Fees

Recurring Fees

Nonrecurring Fees

Recurring Fees

Nonrecurring Fees

Recurring Fees

American Realty Capital Global Advisors, LLC

Dealer Manager

American Realty Capital Global Advisors, LLC

American Realty Capital Global Special Limited Partner, LLC

Advisor

American Realty Capital Global Advisors, LLC

Property Manager

American Realty Capital Global Advisors, LLC

Advisor

American Realty Capital Global Advisors, LLC

Realty Capital Securities, LLC

American Realty Capital Global Advisors, LLC and Realty Capital Securities, LLC

American Realty Capital Global Advisors, LLC

Advisor

Maximum

Advisor

Maximum

Dealer Manager

Maximum

Contract Sales Price

Maximum

Contract Purchase Price

Amount Available or Outstanding Under Financing Arrangement

Pre-tax Non-compounded Return on Capital Contribution

Contract Purchase Price

Amount Available or Outstanding Under Financing Arrangement

Pre-tax Non-compounded Return on Capital Contribution

Unaffiliated Third Party Property Management Services

Acquisition fees and related cost reimbursements

Financing coordination fees

Property management and leasing fees

Strategic advisory fees

Distributions on Class B Units

Acquisition fees and related cost reimbursements

Financing coordination fees

Property management and leasing fees

Strategic advisory fees

Distributions on Class B Units

Acquisition fees and related cost reimbursements

Financing coordination fees

Property management and leasing fees

Strategic advisory fees

Distributions on Class B Units

Realty Capital Securities, LLC

American Realty Capital Global Advisors, LLC

American Realty Capital Global Properties, LLC

American Realty Capital Global Advisors, LLC

Advisor

American Realty Capital Global Advisors, LLC

Participating Broker-Dealer

Dealer Manager

Realty Capital Securities, LLC

Advisor

Maximum

Property Manager

Advisor

Stand Alone, Single Tenant, Net Leased

All other properties, other than stand alone, single tenant, net leased

Singe Tenant Net Lease, Not Part of Shopping Center

All Other Property Types, Other Than Stand Alone, Single Tenant, Net Leased and Not Part of Shopping Center

American Realty Capital Global Advisors, LLC

Realty Capital Securities, LLC

American Realty Capital Global Advisors, LLC

Advisor

American Realty Capital Global Properties, LLC

American Realty Capital Global Advisors, LLC

Related Party Transaction [Line Items]

Operating partnership units (in shares)

244,444

Due to Affiliate

$176,000

$552,000

$293,000

$500,000

$43,000

$1,000

$2,000

$41,000

$1,000

Sales commissions as a percentage of benchmark

7.00%

3.00%

2.50%

Brokerage fee as a percentage of benchmark

7.50%

Brokerage fees as a percentage of benchmark, initial grant

2.50%

Brokerage fees as a percentage of benchmark, periodic payment

1.00%

Total commissions and fees to Dealer Manager

1,821,000

3,186,000

148,377,000

7,807,000

5,889,000

488,000

17,635,000

998,000

14,934,000

1,608,000

27,365,000

2,121,000

13,734,000

958,000

22,889,000

1,253,000

637,000

524,000

3,484,000

593,000

167,000

18,000

354,000

23,000

346,000

107,000

561,000

251,000

50,000

1,000

77,000

1,000

152,000

5,000

355,000

6,000

152,000

5,000

355,000

6,000

Liability for offering and related costs from IPO

1.50%

Cumulative offering cost cap

15.00%

Cumulative offering costs, net of unpaid amounts

188,700,000

43,000

Acquisition fees as a percentage of benchmark

1.00%

50.00%

Financing advance fees as a percentage of benchmark

1.00%

Financing advance fees as a percentage of benchmark, expected third party costs

0.50%

Acquisition and financing coordination fees as a percentage of benchmark

4.50%

0.75%

50.00%

Percentage of transaction portfolio value

0.25%

Aggregate acquisition fees and acquisition related expenses as a percentage of benchmark

4.50%

Monthly advisory fees

0.06%

Cumulative capital investment return to investors as a percentage of benchmark

6.00%

Quarterly asset management fee

0.19%

Oversight fees as a percentage of benchmark

1.00%

2.00%

4.00%

Property management fee, percent fee

50.00%

0.25%

0.50%

1.75%

3.50%

Unearned Class B Units (in shares)

317,064

Operating expenses as a percentage of benchmark

2.00%

25.00%

Subordinated performance fee as a percentage of benchmark

15.00%

10.00%

15.00%

50.00%

Amounts of transaction

[1]

357,000

[1]

837,000

[1]

4,000

357,000

833,000

Due from Affiliates

$500,000

Real estate commissions as a percentage of benchmark

2.00%

6.00%

50.00%

Subordinated participation fees as a percentage of benchmark

15.00%

50.00%

[1]

The Company had no receivable from the Advisor as of SeptemberB 30, 2014 related to absorbed costs and had $0.5 million receivable as of DecemberB 31, 2013.

ShareBased_Compensation_Detail

Share-Based Compensation (Details) (USD $)	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]	'	'
Share-based compensation	$98	$16
Shares issued in lieu of cash	1,056	0
Share-based compensation expense	10	'
Stock Option Plan \| Stock Options	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Share Price (in dollars per share)	$9	'
Number of shares authorized (in shares)	500,000	'
Director Stock Plan \| Unvested restricted stock	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]	'	'
Restricted share vesting period	'5 years	'
Restricted Share Plan \| Unvested restricted stock	'	'
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	'
Periodic vesting percentage	20.00%	'
Maximum authorized amount as a percentage of shares authorized	5.00%	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]	'	'
Unvested, December 31, 2013 (in shares)	16,200	'
Granted (in shares)	9,000	'
Vested (in shares)	-10,800	'
Unvested, June 30, 2014 (in shares)	14,400	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]	'	'
Unvested, December 31, 2013, Weighted-Average Issue Price (usd per share)	$9	'
Granted, Weighted-Average Issue Price (usd per share)	$9	'
Vested, Weighted-Average Issue Price (usd per share)	$9	'
Unvested, June 30, 2014, Weighted-Average Issue Price (usd per share)	$9	'
Share-based compensation	$88	$8
Contract Purchase Price \| Maximum \| Restricted Share Plan \| Unvested restricted stock	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Fair Value of Restricted Share Grants	6.00%	'
Average Invested Assets \| Maximum \| Restricted Share Plan \| Unvested restricted stock	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Fair Value of Restricted Share Grants	2.00%	'
Net Income, Excluding Additions to Non-cash Reserves and Gains on Sales of Assets \| Maximum \| Restricted Share Plan \| Unvested restricted stock	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Fair Value of Restricted Share Grants	25.00%	'
Disposition Fees \| Maximum \| Restricted Share Plan \| Unvested restricted stock	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Fair Value of Restricted Share Grants	3.00%	'
Net Sale Proceeds, after Return of Capital Contributions and Annual Targeted Investor Return \| Maximum \| Restricted Share Plan \| Unvested restricted stock	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Fair Value of Restricted Share Grants	15.00%	'
Pre-tax Non-compounded Return on Capital Contribution \| Maximum \| Restricted Share Plan \| Unvested restricted stock	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Fair Value of Restricted Share Grants	6.00%	'

Net_Loss_Per_Share_Details

Net Loss Per Share (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]	'	'	'	'
Net loss	($24,558)	($3,090)	($48,386)	($4,386)
Basic and diluted weighted average shares outstanding (in shares)	175,401,867	7,023,704	108,779,593	3,430,215
Basic and diluted net loss per share (usd per share)	($0.14)	($0.44)	($0.44)	($1.28)
Antidilutive securities (in shares)	'	'	354,878	21,440
Unvested restricted stock	'	'	'	'
Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]	'	'	'	'
Antidilutive securities (in shares)	'	'	14,400	16,200
OP Units	'	'	'	'
Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]	'	'	'	'
Antidilutive securities (in shares)	'	'	22	22
Class B units	'	'	'	'
Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]	'	'	'	'
Antidilutive securities (in shares)	'	'	340,456	5,218

Subsequent_Events_Details

Subsequent Events (Details) (USD $)

9 Months Ended

30 Months Ended

39 Months Ended

40 Months Ended

1 Months Ended

40 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Oct. 31, 2014

property

Total portfolio, September 30, 2014

Subsequent Event

Common Stock

sqft

Acquisitions

Total portfolio, October 31, 2014

Subsequent Event

property

sqft

Subsequent Event [Line Items]

Common stock, outstanding (in shares)

176,205,356

15,665,827

176,205,356

176,800,000

Proceeds from issuance of common stock

$1,569,328,000

$83,028,000

$154,200,000

$1,749,096,000

$1,800,000,000

$17,320,000

$1,766,416,000

Common stock outstanding

1,800,000,000

1,700,000,000

Share Price (in dollars per share)

$10

DRIP Share Price (in dollars per share)

$9.50

Property Acquisition [Roll Forward]

Beginning Balance, Number of Properties

246

290

Beginning Balance, Rentable Square Feet

11,641,731

14,113,618

Beginning Balance, Base Purchase Price

1,695,496,000

[1]

1,984,619,000

[1]

Number of properties purchased

209

Area of Real Estate Property, Acquisitions

2,471,887

Base Purchase Price, Acquisitions

289,123,000

[1]

Ending Balance, Number of Properties

246

290

Ending Balance, Rentable Square Feet

11,641,731

14,113,618

Ending Balance, Base Purchase Price

$1,695,496,000

[1]

$1,984,619,000

[1]

Contract purchase price, excluding acquisition related costs, based on the exchange rate at the time of purchase.

Subsequent_Events_Revolving_Cr

Subsequent Events - Revolving Credit Facility (Details) (JPMorgan Chase Bank, N.A., Revolving Credit Facility, USD $)	Jul. 25, 2013	Oct. 16, 2014	Jul. 25, 2013
	Jul. 25, 2013	Subsequent Event	Maximum
Subsequent Event [Line Items]	'	'	'
Maximum borrowing capacity	$50,000,000	$680,000,000	'
Additional borrowing capacity	'	'	$750,000,000