Global Net Lease (GNL) 10-Q18 May 152015 Q1 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
Document and Entity Information	Mar. 31, 2015	Apr. 22, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Global Net Lease, Inc.
Entity Central Index Key	1526113
Current Fiscal Year End Date	-19
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Amendment Flag	FALSE
Entity Shares, Shares Outstanding		180,252,299

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Real estate investments, at cost:
Land	$324,746	$326,696
Buildings, fixtures and improvements	1,512,846	1,519,558
Construction in progress	145	9,706
Acquired intangible lease assets	477,945	484,079
Total real estate investments, at cost	2,315,682	2,340,039
Less accumulated depreciation and amortization	-63,133	-42,568
Total real estate investments, net	2,252,549	2,297,471
Cash and cash equivalents	76,329	64,684
Restricted cash	4,852	6,104
Derivatives, at fair value	9,633	13,638
Investment securities, at fair value	500	490
Prepaid expenses and other assets	28,302	24,873
Due from affiliates	29	500
Deferred tax assets	2,425	2,102
Goodwill and other intangible assets, net	3,272	3,665
Deferred offering costs, net	70	0
Deferred financing costs, net	12,928	15,270
Total assets	2,390,889	2,428,797
LIABILITIES AND STOCKHOLDERS' EQUITY
Mortgage notes payable	261,910	281,186
Mortgage premium, net	1,123	1,165
Credit facility	633,396	659,268
Below-market lease liability, net	20,881	21,676
Derivatives, at fair value	5,751	6,115
Due to affiliates	1,501	400
Accounts payable and accrued expenses	22,776	19,357
Deferred rent	11,370	12,252
Current taxes payable	1,020	0
Distributions payable	10,798	10,709
Total liabilities	970,526	1,012,128
Commitments and contingencies (Note 9)
Stockholders' equity:
Preferred stock, $0.01 par value, 50,000,000 authorized, none issued and outstanding	0	0
Common stock, $0.01 par value, 300,000,000 shares authorized, 179,634,854 and 177,933,175 shares issued and outstanding as of March 31, 2015 and December 31, 2014, respectively	1,799	1,782
Additional paid-in capital	1,591,778	1,575,592
Accumulated other comprehensive loss	-12,589	-5,589
Accumulated deficit	-160,625	-155,116
Total stockholders' equity	1,420,363	1,416,669
Total liabilities and stockholders' equity	$2,390,889	$2,428,797

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
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	179,634,854	177,933,175
Common stock, outstanding	179,634,854	177,933,175

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Revenues:
Rental income	$47,432	$7,315
Operating expense reimbursements	2,537	232
Total revenues	49,969	7,547
Expenses:
Property operating	4,059	233
Operating fees to affiliate	1,244	63
Acquisition and transaction related	1,085	16,516
General and administrative	1,747	976
Depreciation and amortization	21,114	4,354
Income tax expense	1,640	0
Total expenses	30,889	22,142
Operating income (loss)	19,080	-14,595
Interest expense	-7,811	-1,689
Income from investments	7	0
Gains on foreign currency	0	6
Gains (losses) on derivative instruments	4,211	-79
Gains on hedging instrument deemed ineffective	1,448	0
Gains on non-functional foreign currency advances not designated as net investment hedges	8,907	0
Other income	13	8
Total other income (expense), net	6,775	-1,754
Net income (loss)	25,855	-16,349
Other comprehensive income (loss):
Cumulative translation adjustment	-14,534	1,248
Designated derivatives, fair value adjustments	7,534	-2,862
Comprehensive income (loss)	$18,855	($17,963)
Basic and diluted weighted average shares outstanding (in shares)	179,156,462	37,602,790
Basic and diluted net income (loss) per share (usd per share)	$0.14	($0.43)

CONSOLIDATED_STATEMENT_OF_STOC

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Deficit [Member]
In Thousands, except Share data, unless otherwise specified	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Deficit [Member]
Beginning Balance at Dec. 31, 2014	$1,416,669	$1,782	$1,575,592	($5,589)	($155,116)
Beginning Balance (in shares) at Dec. 31, 2014		177,933,175
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)		31,440
Issuance of common stock	298	0	298
Common stock offering costs, commissions and dealer manager fees	67		67
Common stock repurchases (in shares)		-123,613
Common stock repurchases	-1,204	-1	-1,203
Common stock issued through distribution reinvestment plan (in shares)		1,790,852
Common stock issued through distribution reinvestment plan	17,007	18	16,989
Share-based compensation (in shares)		3,000
Share-based compensation	27		27
Amortization of restricted shares	8		8
Distributions declared	-31,364				-31,364
Net income (loss)	25,855				25,855
Cumulative translation adjustment	-14,534			-14,534
Other comprehensive income	7,534			7,534
Ending Balance at Mar. 31, 2015	$1,420,363	$1,799	$1,591,778	($12,589)	($160,625)
Ending Balance (in shares) at Mar. 31, 2015		179,634,854

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net income (loss)	$25,855	($16,349)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation	10,884	2,399
Amortization of intangibles	10,230	1,955
Amortization of deferred financing costs	1,921	308
Amortization of mortgage premium	-42	-124
Accretion of below-market lease liabilities	-494	0
Amortization of above market lease asset	585	66
Amortization of above market ground lease asset	18	0
Share-based compensation	35	5
Net realized and unrealized mark-to-market transactions	-14,566	81
Appreciation of investment in securities	-10	0
Changes in assets and liabilities:
Prepaid expenses and other assets	-3,624	-11,747
Deferred tax asset	-323	0
Current tax liability	1,020	0
Due from affiliates	0	0
Accounts payable and accrued expenses	3,882	3,539
Deferred rent	-882	1,325
Net cash provided by (used in) operating activities	34,489	-18,542
Cash flows from investing activities:
Investment in real estate and other assets	-38,655	-180,761
Deposits for real estate acquisitions	195	-1,321
Purchase in investment securities	0	0
Proceeds from termination of derivatives	10,055	0
Capital expenditures	-1,852	0
Net cash used in investing activities	-30,257	-182,082
Cash flows from financing activities:
Borrowings under credit facility	251,572	0
Repayments on credit facility	-231,107	0
Proceeds from notes payable	0	12,813
Payments on mortgage notes payable	-184	-174
Proceeds from issuance of common stock	298	518,742
Payments of offering costs	67	-56,800
Payments of deferred financing costs	0	-2,932
Distributions paid	-14,268	-2,028
Payments on share repurchase program	-1,316	0
Advances from affiliates, net	1,572	459
Restricted cash	1,252	-1,527
Net cash provided by financing activities	7,886	468,553
Net change in cash and cash equivalents	12,118	267,929
Effect of exchange rate changes on cash	-473	949
Cash and cash equivalents, beginning of period	64,684	11,500
Cash and cash equivalents, end of period	76,329	280,378
Supplemental Disclosures:
Cash paid for interest	4,856	78
Non-Cash Investing and Financing Activities:
Mortgage note payable assumed or used to acquire investments in real estate	0	93,951
Line of credit draws used directly to acquire investments in real estate	0	36,265
Portion of derivative termination proceeds used to repay debt	8,893	0
Common stock issued through distribution reinvestment plan	$17,007	$1,937

Organization

Organization	3 Months Ended
Organization	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization
	Global Net Lease, Inc. (the "Company"), formerly known as American Realty Capital Global Trust, Inc., 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). On April 7, 2015, in anticipation of the listing of the Company's shares of common stock on the New York Stock Exchange (the "Listing"), the suspension of the DRIP was announced. On May 7, 2015, the Company filed a post-effective amendment to the Registration Statement to deregister the unsold shares registered under the Registration Statement.
	The Company's IPO closed on June 30, 2014. As of March 31, 2015, the Company had 179,634,854 shares of stock outstanding, including unvested restricted shares and shares issued under the DRIP and had received total gross proceeds from the IPO of $1.8 billion including amounts reinvested pursuant to the DRIP.
	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 March 31, 2015, the Company had 62% of investments in U.S. and 38% in Europe and owned 309 properties consisting of 16.4 million rentable square feet, which were 100.0% leased, with an average remaining lease term of 11.6 years.
	Substantially all of the Company's business is conducted through Global Net Lease 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"). Global Net Lease 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. The Company has retained Global Net Lease Advisors, LLC (the "Advisor") to manage the Company's affairs on a day-to-day basis. The properties are managed and leased by Global Net Lease Properties, LLC (the "Property Manager"). Realty Capital Securities, LLC (the "Dealer Manager") serves as the dealer manager of the IPO. The Advisor, Property Manager and Dealer Manager are affiliates of the Sponsor and Special Limited Partner. These related parties have received or will receive compensation and fees for services related to the IPO and for the investment and management of the Company assets. These entities receive fees 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.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies
	The accompanying consolidated financial statements of the Company included herein were prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and with the instructions to this Quarterly Report on Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The information furnished includes all adjustments and accruals of a normal recurring nature, which, in the opinion of management, are necessary for a fair presentation of results for the interim periods. All intercompany accounts and transactions have been eliminated in consolidation. The results of operations for the three months ended March 31, 2015 are not necessarily indicative of the results for the entire year or any subsequent interim 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, 2014, which are included in the Company's Annual Report on Form 10-K filed with the SEC on April 3, 2015. There have been no significant changes to the Company's significant accounting policies during the three months ended March 31, 2015 other than the updates described below.
	Out-of-period adjustments
	During the three months ended March 31, 2015, the Company recorded (i) additional rental income and accrued rent of $0.6 million related to the straight-line rent effect of correctly including termination payments required under leases with cancellation clauses that were considered probable when assessing the lease term and (ii) additional taxes of $0.9 million representing current foreign taxes payable of $1.2 million and a deferred tax asset of $0.3 million, both relating to 2014. We concluded that these adjustments were not material to our financial position or results of operations for the current period or any of the prior periods, accordingly, the Company recorded the related adjustments during the three months ended March 31, 2015.
	Revisions to historical cash flow statements
	During the year ended December 31, 2014, the Company identified certain historical errors in the preparation of its statement of cash flows. Specifically, the company had been (i) reflecting rent credits in connection with purchased real estate as deferred rent at closing which was then reflected as a cash inflow from operations rather than as part of the purchase price in investing activity and (ii) reflecting certain advances on its credit line (for which it did not take constructive receipt) used to acquire investments in real estate as cash inflows from financing activities and cash outflows from investing activities rather than as non-cash investing and financing activities. These items were correctly presented in the statement of cash flow for the year ended December 31, 2014 and the statement of cash flow for the year ended December 31, 2013 was revised. The Company concluded that the errors noted above were significant but not material to its cash flows for any historical periods presented. However, the Company determined that it is useful for the reader of the financial statements to view these adjustments in the period in which they originated and, as such, has revised the cash flow statement for the three months ended March 31, 2014 (as below) and will revise future quarterly presentations of the cash flow statements when the quarterly 2014 periods are refiled in 2015 for comparative purposes. The effects of these revisions are summarized below:


	Three months ended March 31, 2014 (revised herein)	As originally reported			Revisions						As
					Item 1			Item 2			revised
	Net Cash provided by (used in) Operating Activities	$	(16,893	)	$	(1,649	)	$	—		$	(18,542	)

	Net Cash provided by (used in) Investing Activities	$	(219,996	)	$	1,649		$	36,265		$	(182,082	)

	Net Cash provided by (used in) Financing Activities	$	504,818		$	—		$	(36,265	)	$	468,553


	Additional non-cash financing activities:
	Line of credit draws used directly to acquire investments in real estate	$	—		$	—		$	36,265		$	36,265



	Six months ended June 30, 2014	As originally reported			Revisions						As
					Item 1			Item 2			revised
	Net Cash provided by (used in) Operating Activities	$	(769	)	$	(2,463	)	$	—		$	(3,232	)

	Net Cash provided by (used in) Investing Activities	$	(519,568	)	$	2,463		$	71,528		$	(445,577	)

	Net Cash provided by (used in) Financing Activities	$	1,441,661		$	—		$	(71,528	)	$	1,370,133


	Additional non-cash financing activities:
	Line of credit draws used directly to acquire investments in real estate	$	—		$	—		$	71,528		$	71,528



	Nine months ended September 30, 2014	As originally reported			Revisions						As
					Item 1			Item 2			revised
	Net Cash provided by (used in) Operating Activities	$	352		$	(10,000	)	$	—		$	(9,648	)

	Net Cash provided by (used in) Investing Activities	$	(1,408,617	)	$	10,000		$	309,096		$	(1,089,521	)

	Net Cash provided by (used in) Financing Activities	$	1,672,715		$	—		$	(309,096	)	$	1,363,619


	Additional non-cash financing activities:
	Line of credit draws used directly to acquire investments in real estate	$	—		$	—		$	309,096		$	309,096

	Recently Issued Accounting Pronouncements (Pending Adoption)
	In May 2014, the Financial Accounting Standards Board ("FASB") issued revised guidance relating to revenue recognition. Under the revised guidance, an entity is required to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The revised guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is not permitted under GAAP. The revised guidance allows entities to apply the full retrospective or modified retrospective transition method upon adoption. In April 2015, the FASB proposed a one-year delay of the revised guidance, although entities will be allowed to early adopt the guidance as of the original effective date. The Company has not yet selected a transition and is currently evaluating the impact of the new guidance.
	In February 2015, the FASB issued ASU 2015-02 Consolidation (Topic 810) - Amendments to the Consolidation Analysis. The new guidance applies to entities in all industries and provides a new scope exception to registered money market funds and similar unregistered money market funds. It makes targeted amendments to the current consolidation guidance and ends the deferral granted to investment companies from applying the variable interest entity (VIE) guidance. The standard does not add or remove any of the characteristics that determine if an entity is a VIE. However, when decision-making over the entity’s most significant activities has been outsourced, the standard changes how a reporting entity assesses if the equity holders at risk lack decision making rights. Previously, the reporting entity would be required to determine if there is a single equity holder that is able to remove the outsourced decision maker that has a variable interest. The new standard requires that the reporting entity first consider the rights of all of the equity holders at risk. If the equity holders have certain rights that are deemed to give them the power to direct the entity’s most significant activities, then the entity does not have this VIE characteristic. The new standard also introduces a separate analysis specific to limited partnerships and similar entities for assessing if the equity holders at risk lack decision making rights. Limited partnerships and similar entities will be VIEs unless the limited partners hold substantive kick-out rights or participating rights. In order for such rights to be substantive, they must be exercisable by a simple majority vote (or less) of all of the partners (exclusive of the general partner and its related parties). A right to liquidate an entity is viewed as akin to a kick-out right. The guidance for limited partnerships under the voting model has been eliminated in conjunction with the introduction of this separate analysis, including the rebuttable presumption that a general partner unilaterally controls a limited partnership and should therefore consolidate it. A limited partner with a controlling financial interest obtained through substantive kick out rights would consolidate a limited partnership. The standard eliminates certain of the criteria that must be met for an outsourced decision maker or service provider’s fee arrangement to not be a variable interest. Under current guidance, a reporting entity first assesses whether it meets power and economics tests based solely on its own variable interests in the entity to determine if it is the primary beneficiary required to consolidate the VIE. Under the new standard, a reporting entity that meets the power test will also include indirect interests held through related parties on a proportionate basis to determine whether it meets the economics test and is the primary beneficiary on a standalone basis. The standard is effective for annual periods beginning after December 15, 2015. Early adoption is allowed, including in any interim period. The Company is currently evaluating the impact of the new guidance.
	In April 2015, the FASB amended the presentation of debt issuance costs on the balance sheet. The amendments require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted for financial statements that have not previously been issued. If the Company decides to early adopt the revised guidance in an interim period, any adjustments will be reflected as of the beginning of the fiscal year that includes the interim period. The Company is currently evaluating the impact of the new guidance.

Real_Estate_Investments

Real Estate Investments	3 Months Ended
Real Estate Investments	Mar. 31, 2015
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, 2014 and during the three months ended March 31, 2015:


			Number of Properties		Base Purchase Price(1)
					(In thousands)
	As of December 31, 2014		307		$	2,378,554
	As of December 31, 2014		307		$	2,378,554
	Three Months ended March 31, 2015		2		38,655
	Three Months ended March 31, 2015		2		38,655
	Portfolio as of March 31, 2015		309		$	2,417,209
	Portfolio as of March 31, 2015		309		$	2,417,209
	________________________________________________

	(1)	Contract purchase price, excluding acquisition related costs, based on the exchange rate at the date of purchase, where applicable.
	The following table presents the allocation of the assets acquired during the three months ended March 31, 2015 and 2014 based on contract purchase price, excluding acquisition related costs, based on the exchange rate at the time of purchase.


			Three Months Ended March 31,
	(Dollar amounts in thousands)		2015				2014
	Real estate investments, at cost:
	Land		$	6,624			$	36,472
	Land		$	6,624			$	36,472
	Buildings, fixtures and improvements		25,078				149,327
	Buildings, fixtures and improvements		25,078				149,327
	Total tangible assets		31,702				185,799
	Total tangible assets		31,702				185,799
	Intangibles acquired:
	In-place leases		7,485				101,413
	In-place leases		7,485				101,413
	Above market lease asset		50				26,383
	Above market lease asset		50				26,383
	Below market lease liability		(582		)		(969		)
	Total assets acquired, net		38,655				312,626
	Total assets acquired, net		38,655				312,626
	Mortgage notes payable used to acquire real estate investments		—				(93,951		)
			—				(93,951		)
	Cash paid for acquired real estate investments		$	38,655			$	218,675
	Cash paid for acquired real estate investments		$	38,655			$	218,675
	Number of properties purchased		2				13
	Number of properties purchased		2				13
	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 three months ended March 31, 2015, had been consummated on January 1, 2014. Additionally, the unaudited pro forma net income (loss) attributable to stockholders was adjusted to exclude acquisition and transaction related expenses of $1.1 million and $16.5 million from the three months ended March 31, 2015 and 2014, respectively.


			Three Months Ended March 31,
	(In thousands)		2015				2014			2013
	Pro forma revenues		$	50,466			$	12,396		$	7,202
	Pro forma revenues		$	50,466			$	12,396		$	7,202
	Pro forma net income (loss)		$	14,253			$	(4,986	)	$	(5,214	)
	Pro forma net income (loss)		$	14,253			$	(4,986	)	$	(5,214	)
	Pro forma basic and diluted net income (loss) per share		$	0.08			$	(0.13	)	$	(11.87	)
	Pro forma basic and diluted net income (loss) per share		$	0.08			$	(0.13	)	$	(11.87	)
	The following presents future minimum base rental cash payments due to the Company during the next five years and thereafter as of March 31, 2015. 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
	(In thousands)		Base Rent Payments
	April 1, 2015 to December 31, 2015		$	130,623
	April 1, 2015 to December 31, 2015		$	130,623
	2016		176,588
	2016		176,588
	2017		180,018
	2017		180,018
2018		182,503
2018		182,503
2019		184,945
2019		184,945
Thereafter		1,196,481
Thereafter		1,196,481
		$	2,051,158
		$	2,051,158
The following table lists the tenants whose annualized rental income on a straight-line basis represented 10.0% or greater of consolidated annualized rental income on a straight-line basis for all portfolio properties as of March 31, 2015 and March 31, 2014.


		March 31,
Tenant		2015		2014
Crown Crest		*		14.80%
Aviva		*		10.30%
_______________________________________________________________________

*	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.
No other tenant represented 10.0% or greater of consolidated annualized rental income on a straight-line basis as of March 31, 2015 and March 31, 2014.
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 March 31, 2015 and 2014.


		March 31,
Country		2015		2014
United Kingdom		21.20%		56.60%
United States:
United States:
Texas		11.90%		—
The Company did not own properties in any other countries and states that in total represented 10.0% or greater of consolidated annualized rental income on a straight-line basis as of March 31, 2015 and 2014.

Revolving_Credit_Facility

Revolving Credit Facility	3 Months Ended
Revolving Credit Facility	Mar. 31, 2015
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. The Company, at various times, amended the credit facility to increase the aggregate borrowings available and, on January 16, 2015, we further amended the credit facility agreement to increase aggregate borrowings to $705.0 million. We had $633.4 million and $659.3 million outstanding under the credit facility as of March 31, 2015 and December 31, 2014, respectively.
	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 consolidated leverage ratio, 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% of 1% and (c) the Adjusted LIBOR for a one-month interest 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 March 31, 2015, the Company was in compliance with the financial covenants under the credit agreement.
	As of March 31, 2015, total outstanding advances under the credit facility were $633.4 million, including advances of £239.1 million ($354.7 million based upon an exchange rate of $1.48 to £1.00, as of the date of advance), €238.4 million ($258.7 million based upon an exchange rate of $1.09 to €1.00, as of the date of advance) and $20.0 million. The foreign currency advances were used to fund individual investments in the respective local currency. The US dollar advance was used to acquire investments and support general obligations of the Company. A total of $446.6 million of these advances were designated as net investment hedges with changes in value recorded through cumulative translation adjustment, but $1.4 million in over hedge occurred during the three months ended March 31, 2015. In addition, $231.6 million in advances were not designated as net investment hedges and, accordingly, the changes in value due to currency fluctuations are reflected in income. As of December 31, 2014, total outstanding advances under the credit facility were $659.3 million, including advances of £169.8 million ($263.8 million based upon an exchange rate of $1.55 to £1.00, as of the date of advance) and €128.0 million ($155.6 million based upon an exchange rate of $1.22 to €1.00). The unused borrowing capacity, based on the value of the borrowing base properties as of March 31, 2015 and December 31, 2014, was $71.6 million and $20.7 million, respectively.

Mortgage_Note_Payable

Mortgage Note Payable	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Mortgage Notes Payable	Mortgage Notes Payable
	Mortgage notes payable as of March 31, 2015 and December 31, 2014 consisted of the following:


					Encumbered Properties	Outstanding Loan Amount (1)				Effective Interest Rate		Interest Rate
	Country		Portfolio			March 31, 2015		December 31, 2014					Maturity
						(In thousands)		(In thousands)
	Germany:
			Rheinmetall		1	$	11,502	$	12,884	2.50%	(2)	Fixed	Jan. 2019

			OBI DIY		1	4,883		5,470		2.40%		Fixed	Jan. 2019

			RWE AG		3	67,819		75,969		1.60%	(2)	Fixed	Oct. 2019

			Rexam		1	5,708		6,394		1.90%	(2)	Fixed	Oct. 2019

			Metro Tonic		1	28,755		32,211		1.70%	(2)	Fixed	Dec. 2019

	United Kingdom:
			McDonald's		1	1,127		1,180		4.10%	(2)	Fixed	Oct. 2017

			Wickes Building Supplies I		1	2,888		3,024		3.70%	(2)	Fixed	May-18

			Everything Everywhere		1	5,934		6,213		4.00%	(2)	Fixed	Jun. 2018

			Thames Water		1	8,901		9,319		4.10%	(2)	Fixed	Jul. 2018

			Wickes Building Supplies II		1	2,448		2,563		4.20%	(2)	Fixed	Jul. 2018

			Northern Rock		2	7,788		8,155		4.40%	(2)	Fixed	Sep. 2018

			Wickes Building Supplies III		1	2,819		2,951		4.30%	(2)	Fixed	Nov. 2018

			Provident Financial		1	18,915		19,804		4.10%	(2)	Fixed	Feb. 2019

			Crown Crest		1	28,557		29,901		4.20%	(2)	Fixed	Feb. 2019

			Aviva		1	23,291		24,387		3.80%	(2)	Fixed	Mar. 2019

	United States:		Western Digital		1	18,195		18,269		3.50%		Fixed	Jul. 2021

	Puerto Rico:		Encanto Restaurants		18	22,381		22,492		2.90%		Fixed	Jun. 2017

			Total		37	$	261,910	$	281,186	3.70%

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

	The total carrying value of unencumbered assets as of March 31, 2015 is $1.4 billion.
	The following table summarizes the scheduled aggregate principal payments on the mortgage notes payable subsequent to March 31, 2015 and thereafter:


	(In thousands)		Future Principal Payments
	April 1, 2015 — December 31, 2015		$	537

	2016		758

	2017		23,046

	2018		31,114

	2019		189,784

Thereafter		16,671

		$	261,910

The Company's mortgage notes payable agreements require compliance with certain property-level financial covenants including debt service coverage ratios. As of March 31, 2015 and December 31, 2014, the Company was in compliance with financial covenants under its mortgage notes payable agreements.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments
	The Company determines fair value based on quoted prices when available or through the use of alternative approaches, such as discounting the expected cash flows using market interest rates commensurate with the credit quality and duration of the investment. This alternative approach also reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The guidance defines three levels of inputs that may be used to measure fair value:
	Level 1 — Quoted prices in active markets for identical assets and liabilities that the reporting entity has the ability to access at the measurement date.
	Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset and liability or can be corroborated with observable market data for substantially the entire contractual term of the asset or liability.
	Level 3 — Unobservable inputs that reflect the entity's own assumptions about the assumptions that market participants would use in the pricing of the asset or liability and are consequently not based on market activity, but rather through particular valuation techniques.
	The determination of where an asset or liability falls in the hierarchy requires significant judgment and considers factors specific to the asset or liability. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company evaluates its hierarchy disclosures each quarter and depending on various factors, it is possible that an asset or liability may be classified differently from quarter to quarter. However, the Company expects that changes in classifications between levels will be rare.
	Although the Company has determined that the majority of the inputs used to value its 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 March 31, 2015 and December 31, 2014, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative 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.
	As of March 31, 2015 and December 31, 2014, the Company had investments in a real estate income fund that is traded in active market and therefore classified this investments as Level 1 in the fair value hierarchy, with an aggregate fair value of $0.5 million and $0.5 million, respectively. The real estate income fund is managed by an affiliate of the Sponsor (see Note 10 — Related Party Transactions). These investments are considered available-for-sale securities and therefore increases or decreases in the fair value of these investments are recorded in accumulated other comprehensive income (loss) as a component of equity on the consolidated balance sheets unless the securities are considered to be other than temporarily impaired at which time the losses would be reclassified to expense.
	The following table details the unrealized gains and losses on investment securities as of March 31, 2015 and December 31, 2014:


	(In thousands)		Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
	31-Mar-15		$	514			$	—			$	(14	)		$	500

	31-Dec-14		$	514			$	—			$	(24	)		$	490

	Unrealized losses are considered temporary and therefore no impairment was recorded during the three months ended March 31, 2015 and for the year ended December 31, 2014.



	Financial instruments measured at fair value on a 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 March 31, 2015 and December 31, 2014, aggregated by the level in the fair value hierarchy within which those instruments fall.


	(In thousands)		Quoted Prices in Active Markets				Significant Other Observable Inputs				Significant Unobservable Inputs				Total
			Level 1				Level 2				Level 3
	March 31, 2015
	Foreign currency swaps, net		$	—			$	5,616			$	—			$	5,616

	Foreign currency forwards, net		$	—			$	4,008			$	—			$	4,008

	Interest rate swaps, net		$	—			$	(5,742	)		$	—			$	(5,742	)

	Investment securities		$	500			$	—			$	—			$	500

	December 31, 2014
	Foreign currency swaps, net		$	—			$	11,289			$	—			$	11,289

	Foreign currency forwards, net		$	—			$	1,884			$	—			$	1,884

	Interest rate swaps, net		$	—			$	(5,650	)		$	—			$	(5,650	)

	Investment securities		$	490			$	—			$	—			$	490

	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 three months ended March 31, 2015.
	Financial instruments not measured at fair value on a recurring basis
	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		March 31,				March 31,				December 31,				December 31,
					2015				2015				2014				2014
	Mortgage notes payable		3		$	263,033			$	261,393			$	282,351			$	280,967

	Credit facility (3)		3		$	633,396			$	646,384			$	659,268			$	669,824

	__________________________________________________________

	-1	Carrying value includes $261.9 million mortgage notes payable and $1.1 million mortgage premiums, net as of March 31, 2015.

	-2	Carrying value includes $281.2 million mortgage notes payable and $1.2 million mortgage premiums, net as of December 31, 2014.

	-3	As more fully described in Note 4, certain of the credit facility advances are denominated in Euro and British Pounds. Some of these foreign currency advances are designated as net investment hedges and measured at fair value through other comprehensive income as part of the cumulative translation adjustment and the remainder are marked to market through income.
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	3 Months Ended
Derivative and Hedging Activities	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities
	Risk Management Objective of Using Derivatives
	The Company may use derivative financial instruments, including interest rate swaps, caps, options, floors and other interest rate derivative contracts, to hedge all or a portion of the interest rate risk associated with its borrowings. Certain foreign investments 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 terms of the Company’s functional currency. 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 U.S. dollar.
	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 other than interest rate risk management. The use of derivative financial instruments carries certain risks, including the risk that the counterparties to these contractual arrangements are not able to perform under the agreements. To mitigate this risk, the Company only enters into derivative financial instruments with counterparties with high credit ratings and with major financial institutions with which the Company and its affiliates may also have other financial relationships. The Company does not anticipate that any such counterparties will fail to meet their obligations.
	Cash Flow Hedges of Interest Rate Risk
	The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps. 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 2015, 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. The Company recorded losses of $2,000 and $0 of ineffectiveness in earnings during the three months ended March 31, 2015 and 2014, respectively.
	Amounts reported in accumulated other comprehensive income (loss) related to derivatives will be reclassified to interest expense as interest payments are made on the Company's variable-rate debt. During the next 12 months, the Company estimates that an additional $3.2 million will be reclassified from other comprehensive income (loss) as an increase to interest expense.
	As of March 31, 2015 and December 31, 2014, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:


			March 31, 2015						December 31, 2014
	Derivatives		Number of		Notional Amount				Number of		Notional Amount
	Derivatives		Instruments		Notional Amount				Instruments		Notional Amount
					(In thousands)						(In thousands)
	Interest rate swaps (GBP)		20		$	354,544			20		$	371,225
	Interest rate swaps (GBP)		20		$	354,544			20		$	371,225
	Interest rate swaps (EUR)		10		252,638				10		282,999
	Interest rate swaps (EUR)		10		252,638				10		282,999
			30		$	607,182			30		$	654,224
			30		$	607,182			30		$	654,224
	Net Investment Hedges
	The Company is exposed to fluctuations in foreign exchange rates on property investments in foreign countries which pay rental income, property related expenses and hold debt instruments in currencies other than its functional currency, the US dollar. 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 (loss) (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 (loss) into earnings when the hedged net investment is either sold or substantially liquidated.

	As of March 31, 2015 and December 31, 2014, the Company had the following outstanding cross currency swaps that were used to hedge its net investments in foreign operations:


			March 31, 2015						December 31, 2014
	Derivatives		Number of		Notional Amount				Number of		Notional Amount
	Derivatives		Instruments		Notional Amount				Instruments		Notional Amount
					(In thousands)						(In thousands)
	Foreign currency swaps (GBP - USD) (1)		—		$	—			5		$	107,623
	Foreign currency swaps (GBP - USD) (1)		—		$	—			5		$	107,623
	Foreign currency swaps (EUR - USD) (1)		—		—				10		134,285
	Foreign currency swaps (EUR - USD) (1)		—		—				10		134,285
	Total		—		$	—			15		$	241,908
	Total		—		$	—			15		$	241,908
	____________________________________
	(1) Payments and obligations pursuant to these foreign currency swap agreements are guaranteed by the Company, ARC Global Holdco, LLC and the OP.
	On February 4, 2015, the Company restructured some cross currency swaps and replaced its initial US dollar equity investment in certain foreign real estate investments with foreign currency debt. Foreign currency advances of €110.5 million and £68.5 million were drawn under the Company’s credit facility. The foreign currency debt creates a natural hedge against the original equity invested in the real estate investments, removing the need for the final cross currency swaps. The hedge instruments had been designated as net investment hedges through the date of the restructure. The settlement of the cross currency swap restructuring resulted in a gain of approximately $19.0 million, with $10.1 million in proceeds received and $8.9 million retained by the bank as a reduction in the credit facility. The gain will remain in the cumulative translation adjustment (CTA) until such time as the net investments are sold or substantially liquidated in accordance with ASC 830.
	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 and cross currency swap agreements to manage its exposure to fluctuations in GBP-USD and EUR-USD exchange rates. 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 $4.7 million and $1.9 million was recognized for the three months ended March 31, 2015 and for the year ended December 31, 2014, respectively.
	As of March 31, 2015 and December 31, 2014, the Company had the following outstanding derivatives that were not designated as hedges under qualifying hedging relationships.


			March 31, 2015						December 31, 2014
	Derivatives		Number of		Notional Amount				Number of		Notional Amount
	Derivatives		Instruments		Notional Amount				Instruments		Notional Amount
					(In thousands)						(In thousands)
	Forwards (GBP-USD)		70		$	11,905			80		$	13,664
	Forwards (GBP-USD)		70		$	11,905			80		$	13,664
	Forwards (EUR-USD)		27		11,059				31		12,699
	Forwards (EUR-USD)		27		11,059				31		12,699
	Cross currency swaps (GPB-USD)		9		83,016				—		—
	Cross currency swaps (GPB-USD)		9		83,016				—		—
	Cross currency swaps (EUR-USD)		5		99,334				—		—
	Cross currency swaps (EUR-USD)		5		99,334				—		—
	Total		111		$	205,314			111		$	26,363
	Total		111		$	205,314			111		$	26,363
	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 March 31, 2015 and December 31, 2014:


	(In thousands)		Balance Sheet Location		March 31, 2015				December 31, 2014
Derivatives designated as hedging instruments:
Interest rate swaps (GBP)		Derivatives assets, at fair value		$	9			$	18
Interest rate swaps (GBP)		Derivatives assets, at fair value		$	9			$	18
Interest rate swaps (GBP)		Derivatives liabilities, at fair value		(4,121		)		(4,335		)
Interest rate swaps (EUR)		Derivatives liabilities, at fair value		(1,630		)		(1,315		)
Total				$	(5,742	)		$	(5,632	)
Derivatives not designated as hedging instruments:
Forwards (EUR-USD)		Derivatives assets, at fair value		$	2,132			$	736
Forwards (EUR-USD)		Derivatives assets, at fair value		$	2,132			$	736
Forwards (GBP-USD)		Derivatives assets, at fair value		1,876				1,148
Forwards (GBP-USD)		Derivatives assets, at fair value		1,876				1,148
Cross currency swaps (GBP)		Derivatives assets, at fair value		804				4,517
Cross currency swaps (GBP)		Derivatives assets, at fair value		804				4,517
Cross currency swaps (EUR)		Derivatives assets, at fair value		4,812				7,219
Cross currency swaps (EUR)		Derivatives assets, at fair value		4,812				7,219
Cross currency swaps (GBP)		Derivatives liabilities, at fair value		—				(447		)
Cross currency swaps (GBP)		Derivatives liabilities, at fair value		—				(447		)
Total				$	9,624			$	13,173
Total				$	9,624			$	13,173
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 months ended March 31, 2015 and 2014.


		Three Months Ended March 31,
(In thousands)		2015				2014
Amount of gain (loss) recognized in accumulated other comprehensive income from derivatives (effective portion)		$	11,588			$	(3,212	)
		$	11,588			$	(3,212	)
Amount of loss reclassified from accumulated other comprehensive income into income as interest expense (effective portion)		$	(821	)		$	(206	)
Amount of loss recognized in income on derivative instruments (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing)		$	(2	)		$	—
		$	(2	)		$	—
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 March 31, 2015 and December 31, 2014. The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the accompanying consolidated balance sheets.


															Gross Amounts Not Offset on the Balance Sheet
Derivatives		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
(In thousands)		Gross Amounts of Recognized Assets				Gross Amounts of Recognized (Liabilities)				Gross Amounts Offset on the Balance Sheet					Financial Instruments		Cash Collateral Received (Posted)		Net Amount
March 31, 2015		$	9,633			$	(5,751	)		$	—		$	3,882	$	—	$	—	$	3,882
March 31, 2015		$	9,633			$	(5,751	)		$	—		$	3,882	$	—	$	—	$	3,882
December 31, 2014		$	13,638			$	(6,115	)		$	—		$	7,523	$	—	$	—	$	7,523
December 31, 2014		$	13,638			$	(6,115	)		$	—		$	7,523	$	—	$	—	$	7,523
Credit-risk-related Contingent Features
The Company has agreements with each of its derivative counterparties that contain a provision where if the Company either defaults or is capable of being declared in default on any of its indebtedness, then the Company could also be declared in default on its derivative obligations.
As of March 31, 2015, the fair value of derivatives in a net liability position including accrued interest but excluding any adjustment for nonperformance risk related to these agreements was $6.5 million. As of March 31, 2015, the Company has not posted any collateral related to these agreements and was not in breach of any agreement provisions. If the Company had breached any of these provisions, it could have been required to settle its obligations under the agreements at their aggregate termination value.

Common_Stock

Common Stock	3 Months Ended
Common Stock	Mar. 31, 2015
Equity [Abstract]
Common Stock	Common Stock
	The Company had 179,634,854 and 177,933,175 shares of common stock outstanding, including unvested restricted shares and shares issued under the DRIP, and had received total proceeds of $1.8 billion and $1.8 billion as of March 31, 2015 and December 31, 2014, respectively.
	On October 5, 2012, the Company's board of directors ("the Board") 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.
	Share Repurchase Program
	The Board has adopted a Share Repurchase Program ("SRP") that enables stockholders to sell their shares to the Company. Under the SRP, stockholders may request that the Company repurchase all or any portion, subject to certain minimum amounts, of their shares on any business day, if such repurchase does not impair the Company's capital or operations. Since our inception through December 31, 2014, 99,969 shares of common stock have been repurchased or requested to be repurchased at a weighted average price per share of $9.91. During the three months ended March 31, 2015, the Company repurchased 123,613 shares at a weighted average price per share of $9.74. Since inception through March 31, 2015, the Company in total has repurchased 223,582 shares of common stock.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies
	Litigation and Regulatory Matters
	In the ordinary course of business, the Company may become subject to litigation, claims and regulatory matters. There are no material legal or regulatory proceedings pending or known to be contemplated against the Company.
	Environmental Matters
	In connection with the ownership and operation of real estate, the Company may potentially be liable for costs and damages related to environmental matters. As of March 31, 2015, 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	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions
	As of March 31, 2015 and December 31, 2014, 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 March 31, 2015 and December 31, 2014, the Company had $29,000 and $0.5 million of receivable from affiliated entities and $1.5 million and $0.4 million of payable to affiliated entities, respectively.




	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 March 31,					March 31,		December 31,
	(In thousands)		2015			2014		2015		2014
	Total commissions and fees to Dealer Manager		$	(8	)	$	49,253	$	—	$	13

	The Advisor and its affiliates are paid compensation and receive reimbursement for services relating to the IPO, including transfer agent services provided by an affiliate of the Dealer Manager. Effective March 1, 2013, the Company began utilizing transfer agent services provided by an affiliate of the Dealer Manager. Our transfer agent is a related party of our Sponsor. 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 March 31,					March 31,		December 31,
	(In thousands)		2015			2014		2015		2014
	Fees and expense reimbursements to the Advisor and Dealer Manager		$	(40	)	$	8,074	$	40	$	61

	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. During the three months ended March 31, 2015, the Advisor reimbursed the Company $0.5 million of offering costs. Offering and related costs, excluding commissions and dealer manager fees, did not exceed 1.5% of gross proceeds received from the IPO as of March 31, 2015.
	After the escrow break, the Advisor elected to cap cumulative offering costs incurred by the Company, net of unpaid amounts, to 11.5% of gross common stock proceeds during the offering period. As of March 31, 2015, cumulative offering costs were $188.1 million. As of March 31, 2015, cumulative offering costs net of unpaid amounts did not exceed 11.5%.
	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 are 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 asset management 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 for each quarter is 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 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 are assigned to the Service Provider, solely with respect to the Company's foreign investment strategy in Europe. As of March 31, 2015, 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 receives 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 continue to be expensed in the consolidated statements of operations until the performance condition is considered probable to occur. During the three months ended March 31, 2015, the board of directors approved the issuance of 1,020,580 Class B Units to the Advisor and the Service Provider in connection with this agreement , consisting of 506,237 units relating to the three months ended December 31, 2014 and 514,343 units relating to the three months ended March 31, 2015. During the three months ended March 31, 2014, the board of directors approved the issuance of 39,792 Class B Units to the Advisor and the Service Provider.
	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 investments in properties located 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.
	The following table reflects related party fees incurred, forgiven and contractually due as of and for the periods presented:


			Three Months Ended March 31,									Payable as of
			2015					2014
	(In thousands)		Incurred			Forgiven		Incurred		Forgiven		March 31, 2015		December 31, 2014
	One-time fees and reimbursements:
	Acquisition fees and related cost reimbursements		$	580		$	—	$	4,931	$	—	$	—	$	2

	Financing coordination fees		—			—		1,144		—		—		—

	Ongoing fees:
	Asset management fees (1)		—			—		—				—		—

	Property management and leasing fees		888			593		63		85		—		52

	Strategic advisory fees		—			—		107		—		—		—

	Distributions on Class B Units		124			—		6		—		4		—

	Total related party operational fees and reimbursements		$	1,012		$	593	$	6,251	$	85	$	4	$	54

	___________________________________________________________________________

	(1)	Effective January 1, 2013, the Company issues (subject to approval by the Board) to the Advisor restricted performance based Class B units for asset management services, which would not be immediately forfeited if certain conditions occur. Commencing April 1, 2015, the Company will pay the Advisor asset management fees in cash or common stock, or a combination of both, at the Advisor's election.
	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 months ended March 31, 2015 and 2014.
	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 months ended March 31, 2015 and 2014.
	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. During the three months ended March 31, 2015 and 2014, there were no property operating and general administrative expenses absorbed by our Advisor.
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 months ended March 31, 2015 and 2014.
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 months ended March 31, 2015 and 2014.
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 annual return on on capital contributions. No such distributions have been paid during the three months ended March 31, 2015 and 2014. 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 months ended March 31, 2015 and 2014.
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	3 Months Ended
Economic Dependency	Mar. 31, 2015
Economic Dependency [Abstract]
Economic Dependency	Economic Dependency
	Under various agreements, the Company has engaged or will engage the Advisor, its affiliates and entities under common control with the Advisor to provide certain services that are essential to the Company, including asset management services, supervision of the management and leasing of properties owned by the Company, asset acquisition and disposition decisions, the sale of shares of the Company's common stock available for issue, transfer agency services, as well as other administrative responsibilities for the Company including accounting services and investor relations.
	As a result of these relationships, the Company is dependent upon the Advisor and its affiliates. In the event that these companies are unable to provide the Company with the respective services, the Company will be required to find alternative providers of these services.

ShareBased_Compensation

Share-Based Compensation	3 Months Ended
	Mar. 31, 2015
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 is the exercise price for stock options granted to the independent directors which will be equal to the fair market value of a share on the last business day preceding the annual meeting of stockholders. A total of 0.5 million shares have been authorized and reserved for issuance under the Plan. As of March 31, 2015 and December 31, 2014, no stock options were issued under the Plan.
	Restricted Share Plan
	The Company has an employee and director incentive restricted share plan (the "RSP"), which provides for the automatic grant of 3,000 restricted shares of common stock to each of the independent directors, without any further 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), may 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 may not exceed 5.0% of the Company's outstanding shares of common stock and in any event will not exceed 7.5 million shares (as such number may be adjusted for stock splits, stock dividends, combinations and similar events).
	Restricted share awards entitle the recipient to receive shares of common stock from the Company under terms that provide for vesting over a specified period of time. Such awards would typically be forfeited with respect to the unvested shares upon the termination of the recipient's employment or other relationship with the Company. Restricted shares may not, in general, be sold or otherwise transferred until restrictions are removed and the shares have vested. Holders of restricted shares may receive cash distributions prior to the time that the restrictions on the restricted shares have lapsed. Any distributions payable in shares of common stock shall be subject to the same restrictions as the underlying restricted shares.
	The following table reflects restricted share award activity for the three months ended March 31, 2015:


		Number of Restricted Shares	Weighted-Average Issue Price
	Unvested, December 31, 2014	14,400	$	9

	Granted	3,000	9

	Vested	—	9

	Unvested, March 31, 2015	17,400	$	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 $8,000 and $8,000 during the three months ended March 31, 2015 and 2014, 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 no such shares of common stock issued in lieu of cash during the three months ended March 31, 2015 and 2014.

Net_Income_Loss_Per_Share

Net Income (Loss) Per Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	Net Income (Loss) Per Share
	The following is a summary of the basic and diluted net income (loss) per share computation for the three months ended March 31, 2015 and 2014:


		Three Months Ended March 31,
		2015			2014
	Net income (loss) (in thousands)	$	25,855		$	(16,349	)

	Basic and diluted weighted average shares outstanding	179,156,462			37,602,790

	Basic and diluted net income (loss) per share	$	0.14		$	(0.43	)

	As listed in the table below, the Company had potentially dilutive securities as of March 31, 2015 and 2014. The Class B units are subject to performance vesting conditions which have not yet been met and, accordingly, are not included in computation of diluted earnings per share. For the three months ended March 31, 2015, a pro rata portion of the unvested restricted stock and the OP units would be included in the computation on diluted net income per share, however, their inclusion was negligible. For the three months ended March 31, 2014, the unvested restricted stock and OP units were excluded from the calculation of diluted income (loss) per share as the effect would have been antidilutive.


		March 31,
		2015		2014
	Unvested restricted stock	17,400		16,200

	OP Units	22		22

	Class B units	1,726,323		63,184

	Total common share equivalents	1,743,745		79,406

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events
	The Company has evaluated subsequent events through the filing of this Quarterly Report on Form 10-Q, and determined that there have not been any events that have occurred that would require adjustments to, or disclosures in, the consolidated financial statements, except for the following disclosures:




	Acquisitions
	The following table presents certain information about the properties that the Company acquired from January 1, 2015 to May 15, 2015:


			Number of Properties	Rentable	Base
				Square Feet	Purchase Price (1)
					(In thousands)
	Total portfolio, March 31, 2015		309	16,442,862	$	2,417,209

	Acquisitions		2	36,007	8,529

	Total portfolio, May 15, 2015		311	16,478,869	$	2,425,738

	__________________________________________________
	(1) Contract purchase price, excluding acquisition related costs, based on the exchange rate at the time of purchase.
	Listing on NYSE and Name Change
	The Company announced that it expects its common stock will be listed on the New York Stock Exchange (“NYSE”) under the symbol “GNL” between May 15, 2015 and May 22, 2015 (the “Listing”). In connection with the Listing, on May 5, 2015, the Company amended its charter to change the Company’s name to “Global Net Lease, Inc.”
	Completion of the Listing is subject to final approval by the NYSE. There can be no assurance that the Company’s shares of Common Stock will be listed on the NYSE.
	Tender Offer
	In connection with the Listing, the Company also intends to commence an offer to purchase up to $125.0 million of shares of its Common Stock from its stockholders at a price of $10.50 per share (the “Tender Offer”), net to the tendering stockholders in cash, less any applicable withholding taxes and without interest. The Company believes the Tender Offer will augment the options available to stockholders in connection with the Listing by allowing them to tender all or a portion of their shares in the Tender Offer at a fixed price. If the Tender Offer is oversubscribed, proration of the tendered shares will be determined promptly after the Tender Offer expires. The Company intends to fund the Tender Offer with cash on hand and funds available under its existing credit facility. The Company expects to commence the Tender Offer on the date of the Listing and the Tender Offer will expire on the 20th business day thereafter (unless the Company extends the offer). The Tender Offer will be subject to certain conditions.
	Amendment and Suspension of Distribution Reinvestment Program
	The Company notified its stockholders that, pursuant to the terms of the DRIP, the Board approved an amendment to the DRIP (the “DRIP Amendment”) enabling the Company to suspend the DRIP. Subsequently, pursuant to the DRIP Amendment, the Board approved the suspension of the DRIP, effective immediately. The final issuance of shares of Common Stock pursuant to the DRIP occurred in connection with the Company’s April distribution which was paid on May 1, 2015.
	Termination of Share Repurchase Program
	In connection with the Listing and the Tender Offer, and pursuant to the requirements of applicable tender offer rules on April 4, 2015, the Board approved the termination of the Company’s SRP. The Company had processed all requests received under the SRP as of April 4, 2015 relating to the first quarter of 2015. The Company announced that it will not process further requests.
	Amendments to Advisory Agreement
	On April 4, 2015, the Company entered into the an amendment to the advisory agreement with the OP and the Advisor, which, among other things, provided that:

	•	commencing April 1, 2015, the OP will no longer issue Class B units in the OP and the Company will recommence payment of an asset management fee to the Advisor or its assignees in an amount equal to 0.75% per annum of the cost of assets, which will be payable in cash or Common Stock, or a combination of both, at the Advisor’s election, monthly; and

	•	effective as of the date upon which the conditions set forth in Article XIII (Amendments)(ii) of the Company’s Articles of Amendment and Restatement are satisfied, the Advisory Agreement will be automatically renewed annually for additional one-year periods, unless the Company or Advisor elects not renew the Advisory Agreement through the provision of 60-days’ written notice prior to the then current annual renewal term. Notwithstanding the foregoing, the Advisory Agreement may be terminated at any time upon 45-days’ written notice by the Advisor for good reason or upon a change of control or by the independent directors of the company with cause.
	Amended and Restated Incentive Restricted Share Plan
	On April 8, 2015, the Board adopted an Amended and Restated Incentive Restricted Share Plan (the “A/R Restricted Share Plan”) that replaced in its entirety the RSP. The A/R Restricted Share Plan amended the terms of the RSP as follows:

	•	it increased the number of shares of Company capital stock, par value $0.01 per share (the “Capital Stock”), available for awards thereunder from 5% of the Company’s outstanding shares of Capital Stock on a fully diluted basis at any time, to 10% of the Company’s outstanding shares of Capital Stock on a fully diluted basis at any time;

	•	it removed the fixed amount of shares that were automatically granted to the Company’s independent directors; and

	•	it added restricted stock units (including dividend equivalent rights thereon) as a permitted form of award.
	Multi-Year Outperformance Agreement
	The Board has approved the general terms of a Multi-Year Outperformance Agreement (the “OPP”) to be entered into with the Company, Global Net Lease Operating Partnership, L.P. (the “OP”), and the Advisor, in connection with the Listing.
	Under the OPP, the Advisor will be issued LTIP units in the OP with a maximum award value equal to 5% of the Company’s market capitalization (the “OPP Cap”) on the date of Listing (the “Effective Date”). The LTIP units will be structured as profits interests in the Operating Partnership. The Advisor will be eligible to earn a number of LTIP units with a value equal to a portion of the OPP Cap based on the Company’s achieving certain levels of total return to its stockholders (“Total Return”) on both an absolute basis and a relative basis measured against a peer group of companies, as set forth below, for a three-year period commencing on the Effective Date (the “Performance Period”). In addition, Advisor may “lock-in” a portion of the OPP Cap based on the attainment of pro-rata performance hurdles, as set forth below, during each 12-month period in the Performance Period (each such period, a “One Year Period” and during the initial 24-month period of the Performance Period (the “Two-Year Period”). Each of the relevant performance periods will be evaluated separately based on performance through the end of the relevant performance period.
	Management Updates
	On April 8, 2015, the Board appointed P. Sue Perrotty, currently non-executive chair and member of the audit committee of the Company, to serve as the Company’s audit committee chair. The Board has determined that Ms. Perrotty qualifies as an “audit committee financial expert” as defined in Item 407(d)(5) of Regulation S-K. Ms. Perrotty replaces Abby Wenzel as the Company’s audit committee chair. Ms. Wenzel continues to serve as a member of the Board and member of the audit committee.
	Establishment of Compensation Committee and Nominating and Corporate Governance Committee
	On April 8, 2015, in anticipation of the Listing, the Board established a compensation committee and a nominating and corporate governance committee, both of which are composed of the independent directors of the Board. The Board appointed Mr. Perrotty to serve as the Company’s nominating and corporate governance committee chair and compensation committee chair.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2015
Accounting Policies [Abstract]
Revisions to Historical Cash Flow Statements	Revisions to historical cash flow statements
Revisions to Historical Cash Flow Statements	During the year ended December 31, 2014, the Company identified certain historical errors in the preparation of its statement of cash flows. Specifically, the company had been (i) reflecting rent credits in connection with purchased real estate as deferred rent at closing which was then reflected as a cash inflow from operations rather than as part of the purchase price in investing activity and (ii) reflecting certain advances on its credit line (for which it did not take constructive receipt) used to acquire investments in real estate as cash inflows from financing activities and cash outflows from investing activities rather than as non-cash investing and financing activities. These items were correctly presented in the statement of cash flow for the year ended December 31, 2014 and the statement of cash flow for the year ended December 31, 2013 was revised. The Company concluded that the errors noted above were significant but not material to its cash flows for any historical periods presented. However, the Company determined that it is useful for the reader of the financial statements to view these adjustments in the period in which they originated and, as such, has revised the cash flow statement for the three months ended March 31, 2014 (as below) and will revise future quarterly presentations of the cash flow statements when the quarterly 2014 periods are refiled in 2015 for comparative purposes.
Recently Issued Accounting Pronouncements (Pending Adoption)	Recently Issued Accounting Pronouncements (Pending Adoption)
	In May 2014, the Financial Accounting Standards Board ("FASB") issued revised guidance relating to revenue recognition. Under the revised guidance, an entity is required to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The revised guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is not permitted under GAAP. The revised guidance allows entities to apply the full retrospective or modified retrospective transition method upon adoption. In April 2015, the FASB proposed a one-year delay of the revised guidance, although entities will be allowed to early adopt the guidance as of the original effective date. The Company has not yet selected a transition and is currently evaluating the impact of the new guidance.
	In February 2015, the FASB issued ASU 2015-02 Consolidation (Topic 810) - Amendments to the Consolidation Analysis. The new guidance applies to entities in all industries and provides a new scope exception to registered money market funds and similar unregistered money market funds. It makes targeted amendments to the current consolidation guidance and ends the deferral granted to investment companies from applying the variable interest entity (VIE) guidance. The standard does not add or remove any of the characteristics that determine if an entity is a VIE. However, when decision-making over the entity’s most significant activities has been outsourced, the standard changes how a reporting entity assesses if the equity holders at risk lack decision making rights. Previously, the reporting entity would be required to determine if there is a single equity holder that is able to remove the outsourced decision maker that has a variable interest. The new standard requires that the reporting entity first consider the rights of all of the equity holders at risk. If the equity holders have certain rights that are deemed to give them the power to direct the entity’s most significant activities, then the entity does not have this VIE characteristic. The new standard also introduces a separate analysis specific to limited partnerships and similar entities for assessing if the equity holders at risk lack decision making rights. Limited partnerships and similar entities will be VIEs unless the limited partners hold substantive kick-out rights or participating rights. In order for such rights to be substantive, they must be exercisable by a simple majority vote (or less) of all of the partners (exclusive of the general partner and its related parties). A right to liquidate an entity is viewed as akin to a kick-out right. The guidance for limited partnerships under the voting model has been eliminated in conjunction with the introduction of this separate analysis, including the rebuttable presumption that a general partner unilaterally controls a limited partnership and should therefore consolidate it. A limited partner with a controlling financial interest obtained through substantive kick out rights would consolidate a limited partnership. The standard eliminates certain of the criteria that must be met for an outsourced decision maker or service provider’s fee arrangement to not be a variable interest. Under current guidance, a reporting entity first assesses whether it meets power and economics tests based solely on its own variable interests in the entity to determine if it is the primary beneficiary required to consolidate the VIE. Under the new standard, a reporting entity that meets the power test will also include indirect interests held through related parties on a proportionate basis to determine whether it meets the economics test and is the primary beneficiary on a standalone basis. The standard is effective for annual periods beginning after December 15, 2015. Early adoption is allowed, including in any interim period. The Company is currently evaluating the impact of the new guidance.
	In April 2015, the FASB amended the presentation of debt issuance costs on the balance sheet. The amendments require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted for financial statements that have not previously been issued. If the Company decides to early adopt the revised guidance in an interim period, any adjustments will be reflected as of the beginning of the fiscal year that includes the interim period. The Company is currently evaluating the impact of the new guidance.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Schedule of Error Corrections and Prior Period Adjustments	The effects of these revisions are summarized below:


	Three months ended March 31, 2014 (revised herein)	As originally reported			Revisions						As
					Item 1			Item 2			revised
	Net Cash provided by (used in) Operating Activities	$	(16,893	)	$	(1,649	)	$	—		$	(18,542	)

	Net Cash provided by (used in) Investing Activities	$	(219,996	)	$	1,649		$	36,265		$	(182,082	)

	Net Cash provided by (used in) Financing Activities	$	504,818		$	—		$	(36,265	)	$	468,553


	Additional non-cash financing activities:
	Line of credit draws used directly to acquire investments in real estate	$	—		$	—		$	36,265		$	36,265



	Six months ended June 30, 2014	As originally reported			Revisions						As
					Item 1			Item 2			revised
	Net Cash provided by (used in) Operating Activities	$	(769	)	$	(2,463	)	$	—		$	(3,232	)

	Net Cash provided by (used in) Investing Activities	$	(519,568	)	$	2,463		$	71,528		$	(445,577	)

	Net Cash provided by (used in) Financing Activities	$	1,441,661		$	—		$	(71,528	)	$	1,370,133


	Additional non-cash financing activities:
	Line of credit draws used directly to acquire investments in real estate	$	—		$	—		$	71,528		$	71,528



	Nine months ended September 30, 2014	As originally reported			Revisions						As
					Item 1			Item 2			revised
	Net Cash provided by (used in) Operating Activities	$	352		$	(10,000	)	$	—		$	(9,648	)

	Net Cash provided by (used in) Investing Activities	$	(1,408,617	)	$	10,000		$	309,096		$	(1,089,521	)

	Net Cash provided by (used in) Financing Activities	$	1,672,715		$	—		$	(309,096	)	$	1,363,619


	Additional non-cash financing activities:
	Line of credit draws used directly to acquire investments in real estate	$	—		$	—		$	309,096		$	309,096

Real_Estate_Investments_Tables

Real Estate Investments (Tables)	3 Months Ended
Real Estate Investments (Tables)	Mar. 31, 2015
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, 2014 and during the three months ended March 31, 2015:


			Number of Properties		Base Purchase Price(1)
					(In thousands)
	As of December 31, 2014		307		$	2,378,554
	As of December 31, 2014		307		$	2,378,554
	Three Months ended March 31, 2015		2		38,655
	Three Months ended March 31, 2015		2		38,655
	Portfolio as of March 31, 2015		309		$	2,417,209
	Portfolio as of March 31, 2015		309		$	2,417,209
	________________________________________________

	(1)	Contract purchase price, excluding acquisition related costs, based on the exchange rate at the date of purchase, where applicable.
Schedule of Business Acquisitions, by Acquisition	The following table presents the allocation of the assets acquired during the three months ended March 31, 2015 and 2014 based on contract purchase price, excluding acquisition related costs, based on the exchange rate at the time of purchase.


			Three Months Ended March 31,
	(Dollar amounts in thousands)		2015				2014
	Real estate investments, at cost:
	Land		$	6,624			$	36,472
	Land		$	6,624			$	36,472
	Buildings, fixtures and improvements		25,078				149,327
	Buildings, fixtures and improvements		25,078				149,327
	Total tangible assets		31,702				185,799
	Total tangible assets		31,702				185,799
	Intangibles acquired:
	In-place leases		7,485				101,413
	In-place leases		7,485				101,413
	Above market lease asset		50				26,383
	Above market lease asset		50				26,383
	Below market lease liability		(582		)		(969		)
	Total assets acquired, net		38,655				312,626
	Total assets acquired, net		38,655				312,626
	Mortgage notes payable used to acquire real estate investments		—				(93,951		)
			—				(93,951		)
	Cash paid for acquired real estate investments		$	38,655			$	218,675
	Cash paid for acquired real estate investments		$	38,655			$	218,675
	Number of properties purchased		2				13
	Number of properties purchased		2				13
Business Acquisition, Pro Forma Information	The following table presents unaudited pro forma information as if the acquisitions during the three months ended March 31, 2015, had been consummated on January 1, 2014. Additionally, the unaudited pro forma net income (loss) attributable to stockholders was adjusted to exclude acquisition and transaction related expenses of $1.1 million and $16.5 million from the three months ended March 31, 2015 and 2014, respectively.


			Three Months Ended March 31,
	(In thousands)		2015				2014			2013
	Pro forma revenues		$	50,466			$	12,396		$	7,202
	Pro forma revenues		$	50,466			$	12,396		$	7,202
	Pro forma net income (loss)		$	14,253			$	(4,986	)	$	(5,214	)
	Pro forma net income (loss)		$	14,253			$	(4,986	)	$	(5,214	)
	Pro forma basic and diluted net income (loss) per share		$	0.08			$	(0.13	)	$	(11.87	)
	Pro forma basic and diluted net income (loss) per share		$	0.08			$	(0.13	)	$	(11.87	)
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 March 31, 2015. 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
	(In thousands)		Base Rent Payments
	April 1, 2015 to December 31, 2015		$	130,623
	April 1, 2015 to December 31, 2015		$	130,623
	2016		176,588
	2016		176,588
	2017		180,018
	2017		180,018
	2018		182,503
	2018		182,503
	2019		184,945
	2019		184,945
	Thereafter		1,196,481
	Thereafter		1,196,481
			$	2,051,158
			$	2,051,158
Schedule of Annualized Rental Income by Major Tenants	The following table lists the tenants whose annualized rental income on a straight-line basis represented 10.0% or greater of consolidated annualized rental income on a straight-line basis for all portfolio properties as of March 31, 2015 and March 31, 2014.


			March 31,
	Tenant		2015		2014
	Crown Crest		*		14.80%
	Aviva		*		10.30%
	_______________________________________________________________________

	*	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 March 31, 2015 and 2014.


			March 31,
	Country		2015		2014
	United Kingdom		21.20%		56.60%
	United States:
	United States:
	Texas		11.90%		—

Mortgage_Note_Payable_Tables

Mortgage Note Payable (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Mortgage notes payable as of March 31, 2015 and December 31, 2014 consisted of the following:


				Encumbered Properties	Outstanding Loan Amount (1)				Effective Interest Rate		Interest Rate
	Country	Portfolio			March 31, 2015		December 31, 2014					Maturity
					(In thousands)		(In thousands)
	Germany:
		Rheinmetall		1	$	11,502	$	12,884	2.50%	(2)	Fixed	Jan. 2019

		OBI DIY		1	4,883		5,470		2.40%		Fixed	Jan. 2019

		RWE AG		3	67,819		75,969		1.60%	(2)	Fixed	Oct. 2019

		Rexam		1	5,708		6,394		1.90%	(2)	Fixed	Oct. 2019

		Metro Tonic		1	28,755		32,211		1.70%	(2)	Fixed	Dec. 2019

	United Kingdom:
		McDonald's		1	1,127		1,180		4.10%	(2)	Fixed	Oct. 2017

		Wickes Building Supplies I		1	2,888		3,024		3.70%	(2)	Fixed	May-18

		Everything Everywhere		1	5,934		6,213		4.00%	(2)	Fixed	Jun. 2018

		Thames Water		1	8,901		9,319		4.10%	(2)	Fixed	Jul. 2018

		Wickes Building Supplies II		1	2,448		2,563		4.20%	(2)	Fixed	Jul. 2018

		Northern Rock		2	7,788		8,155		4.40%	(2)	Fixed	Sep. 2018

		Wickes Building Supplies III		1	2,819		2,951		4.30%	(2)	Fixed	Nov. 2018

		Provident Financial		1	18,915		19,804		4.10%	(2)	Fixed	Feb. 2019

		Crown Crest		1	28,557		29,901		4.20%	(2)	Fixed	Feb. 2019

		Aviva		1	23,291		24,387		3.80%	(2)	Fixed	Mar. 2019

	United States:	Western Digital		1	18,195		18,269		3.50%		Fixed	Jul. 2021

	Puerto Rico:	Encanto Restaurants		18	22,381		22,492		2.90%		Fixed	Jun. 2017

		Total		37	$	261,910	$	281,186	3.70%

	___________________________________________________________
	(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 March 31, 2015 and thereafter:


	(In thousands)	Future Principal Payments
	April 1, 2015 — December 31, 2015	$	537

	2016	758

	2017	23,046

	2018	31,114

	2019	189,784

	Thereafter	16,671

		$	261,910

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Unrealized Gain (Loss) on Investments	The following table details the unrealized gains and losses on investment securities as of March 31, 2015 and December 31, 2014:


	(In thousands)		Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
	31-Mar-15		$	514			$	—			$	(14	)		$	500

	31-Dec-14		$	514			$	—			$	(24	)		$	490

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 March 31, 2015 and December 31, 2014, aggregated by the level in the fair value hierarchy within which those instruments fall.


	(In thousands)		Quoted Prices in Active Markets				Significant Other Observable Inputs				Significant Unobservable Inputs				Total
			Level 1				Level 2				Level 3
	March 31, 2015
	Foreign currency swaps, net		$	—			$	5,616			$	—			$	5,616

	Foreign currency forwards, net		$	—			$	4,008			$	—			$	4,008

	Interest rate swaps, net		$	—			$	(5,742	)		$	—			$	(5,742	)

	Investment securities		$	500			$	—			$	—			$	500

	December 31, 2014
	Foreign currency swaps, net		$	—			$	11,289			$	—			$	11,289

	Foreign currency forwards, net		$	—			$	1,884			$	—			$	1,884

	Interest rate swaps, net		$	—			$	(5,650	)		$	—			$	(5,650	)

	Investment securities		$	490			$	—			$	—			$	490

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		March 31,				March 31,				December 31,				December 31,
					2015				2015				2014				2014
	Mortgage notes payable		3		$	263,033			$	261,393			$	282,351			$	280,967

	Credit facility (3)		3		$	633,396			$	646,384			$	659,268			$	669,824

	__________________________________________________________

	-1	Carrying value includes $261.9 million mortgage notes payable and $1.1 million mortgage premiums, net as of March 31, 2015.

	-2	Carrying value includes $281.2 million mortgage notes payable and $1.2 million mortgage premiums, net as of December 31, 2014.

	-3	As more fully described in Note 4, certain of the credit facility advances are denominated in Euro and British Pounds. Some of these foreign currency advances are designated as net investment hedges and measured at fair value through other comprehensive income as part of the cumulative translation adjustment and the remainder are marked to market through income.

Derivative_and_Hedging_Activit1

Derivative and Hedging Activities (Tables)	3 Months Ended
Derivative and Hedging Activities (Tables)	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Interest Rate Derivatives	As of March 31, 2015 and December 31, 2014, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:


		March 31, 2015						December 31, 2014
	Derivatives	Number of		Notional Amount				Number of		Notional Amount
	Derivatives	Instruments		Notional Amount				Instruments		Notional Amount
				(In thousands)						(In thousands)
	Interest rate swaps (GBP)	20		$	354,544			20		$	371,225
	Interest rate swaps (GBP)	20		$	354,544			20		$	371,225
	Interest rate swaps (EUR)	10		252,638				10		282,999
	Interest rate swaps (EUR)	10		252,638				10		282,999
		30		$	607,182			30		$	654,224
		30		$	607,182			30		$	654,224
Schedule of Derivative Instruments	As of March 31, 2015 and December 31, 2014, the Company had the following outstanding cross currency swaps that were used to hedge its net investments in foreign operations:


		March 31, 2015						December 31, 2014
	Derivatives	Number of		Notional Amount				Number of		Notional Amount
	Derivatives	Instruments		Notional Amount				Instruments		Notional Amount
				(In thousands)						(In thousands)
	Foreign currency swaps (GBP - USD) (1)	—		$	—			5		$	107,623
	Foreign currency swaps (GBP - USD) (1)	—		$	—			5		$	107,623
	Foreign currency swaps (EUR - USD) (1)	—		—				10		134,285
	Foreign currency swaps (EUR - USD) (1)	—		—				10		134,285
	Total	—		$	—			15		$	241,908
	Total	—		$	—			15		$	241,908
	____________________________________
	(1) Payments and obligations pursuant to these foreign currency swap agreements are guaranteed by the Company, ARC Global Holdco, LLC and the OP.
Disclosure of Credit Derivatives	As of March 31, 2015 and December 31, 2014, the Company had the following outstanding derivatives that were not designated as hedges under qualifying hedging relationships.


		March 31, 2015						December 31, 2014
	Derivatives	Number of		Notional Amount				Number of		Notional Amount
	Derivatives	Instruments		Notional Amount				Instruments		Notional Amount
				(In thousands)						(In thousands)
	Forwards (GBP-USD)	70		$	11,905			80		$	13,664
	Forwards (GBP-USD)	70		$	11,905			80		$	13,664
	Forwards (EUR-USD)	27		11,059				31		12,699
	Forwards (EUR-USD)	27		11,059				31		12,699
	Cross currency swaps (GPB-USD)	9		83,016				—		—
	Cross currency swaps (GPB-USD)	9		83,016				—		—
	Cross currency swaps (EUR-USD)	5		99,334				—		—
	Cross currency swaps (EUR-USD)	5		99,334				—		—
	Total	111		$	205,314			111		$	26,363
	Total	111		$	205,314			111		$	26,363
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 March 31, 2015 and December 31, 2014:


	(In thousands)	Balance Sheet Location		March 31, 2015				December 31, 2014
	Derivatives designated as hedging instruments:
	Interest rate swaps (GBP)	Derivatives assets, at fair value		$	9			$	18
	Interest rate swaps (GBP)	Derivatives assets, at fair value		$	9			$	18
	Interest rate swaps (GBP)	Derivatives liabilities, at fair value		(4,121		)		(4,335		)
	Interest rate swaps (EUR)	Derivatives liabilities, at fair value		(1,630		)		(1,315		)
	Total			$	(5,742	)		$	(5,632	)
	Derivatives not designated as hedging instruments:
	Forwards (EUR-USD)	Derivatives assets, at fair value		$	2,132			$	736
	Forwards (EUR-USD)	Derivatives assets, at fair value		$	2,132			$	736
	Forwards (GBP-USD)	Derivatives assets, at fair value		1,876				1,148
	Forwards (GBP-USD)	Derivatives assets, at fair value		1,876				1,148
	Cross currency swaps (GBP)	Derivatives assets, at fair value		804				4,517
	Cross currency swaps (GBP)	Derivatives assets, at fair value		804				4,517
	Cross currency swaps (EUR)	Derivatives assets, at fair value		4,812				7,219
	Cross currency swaps (EUR)	Derivatives assets, at fair value		4,812				7,219
	Cross currency swaps (GBP)	Derivatives liabilities, at fair value		—				(447		)
	Cross currency swaps (GBP)	Derivatives liabilities, at fair value		—				(447		)
	Total			$	9,624			$	13,173
	Total			$	9,624			$	13,173
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 months ended March 31, 2015 and 2014.


		Three Months Ended March 31,
	(In thousands)	2015				2014
	Amount of gain (loss) recognized in accumulated other comprehensive income from derivatives (effective portion)	$	11,588			$	(3,212	)
		$	11,588			$	(3,212	)
	Amount of loss reclassified from accumulated other comprehensive income into income as interest expense (effective portion)	$	(821	)		$	(206	)
	Amount of loss recognized in income on derivative instruments (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing)	$	(2	)		$	—
		$	(2	)		$	—
Offsetting Assets	The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of March 31, 2015 and December 31, 2014. The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the accompanying consolidated balance sheets.


														Gross Amounts Not Offset on the Balance Sheet
	Derivatives	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
	(In thousands)	Gross Amounts of Recognized Assets				Gross Amounts of Recognized (Liabilities)				Gross Amounts Offset on the Balance Sheet				Financial Instruments		Cash Collateral Received (Posted)		Net Amount
	March 31, 2015	$	9,633			$	(5,751	)		$	—	$	3,882	$	—	$	—	$	3,882
	March 31, 2015	$	9,633			$	(5,751	)		$	—	$	3,882	$	—	$	—	$	3,882
	December 31, 2014	$	13,638			$	(6,115	)		$	—	$	7,523	$	—	$	—	$	7,523
	December 31, 2014	$	13,638			$	(6,115	)		$	—	$	7,523	$	—	$	—	$	7,523

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Schedule of Selling Commissions and Dealer Manager Fees Payable to Affiliate	The following table details total selling commissions and dealer manager fees incurred 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 March 31,					March 31,		December 31,
	(In thousands)		2015			2014		2015		2014
	Total commissions and fees to Dealer Manager		$	(8	)	$	49,253	$	—	$	13

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 March 31,					March 31,		December 31,
	(In thousands)		2015			2014		2015		2014
	Fees and expense reimbursements to the Advisor and Dealer Manager		$	(40	)	$	8,074	$	40	$	61

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 March 31,									Payable as of
			2015					2014
	(In thousands)		Incurred			Forgiven		Incurred		Forgiven		March 31, 2015		December 31, 2014
	One-time fees and reimbursements:
	Acquisition fees and related cost reimbursements		$	580		$	—	$	4,931	$	—	$	—	$	2

	Financing coordination fees		—			—		1,144		—		—		—

	Ongoing fees:
	Asset management fees (1)		—			—		—				—		—

	Property management and leasing fees		888			593		63		85		—		52

	Strategic advisory fees		—			—		107		—		—		—

	Distributions on Class B Units		124			—		6		—		4		—

	Total related party operational fees and reimbursements		$	1,012		$	593	$	6,251	$	85	$	4	$	54

	___________________________________________________________________________

	(1)	Effective January 1, 2013, the Company issues (subject to approval by the Board) to the Advisor restricted performance based Class B units for asset management services, which would not be immediately forfeited if certain conditions occur. Commencing April 1, 2015, the Company will pay the Advisor asset management fees in cash or common stock, or a combination of both, at the Advisor's election.

ShareBased_Compensation_Tables

Share-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2015
Share-based Compensation [Abstract]
Schedule of Share-based Compensation Arrangements by Share-based Payment Award	The following table reflects restricted share award activity for the three months ended March 31, 2015:


		Number of Restricted Shares	Weighted-Average Issue Price
	Unvested, December 31, 2014	14,400	$	9

	Granted	3,000	9

	Vested	—	9

	Unvested, March 31, 2015	17,400	$	9

Net_Income_Loss_Per_Share_Tabl

Net Income (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following is a summary of the basic and diluted net income (loss) per share computation for the three months ended March 31, 2015 and 2014:


		Three Months Ended March 31,
		2015			2014
	Net income (loss) (in thousands)	$	25,855		$	(16,349	)

	Basic and diluted weighted average shares outstanding	179,156,462			37,602,790

	Basic and diluted net income (loss) per share	$	0.14		$	(0.43	)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	As listed in the table below, the Company had potentially dilutive securities as of March 31, 2015 and 2014. The Class B units are subject to performance vesting conditions which have not yet been met and, accordingly, are not included in computation of diluted earnings per share. For the three months ended March 31, 2015, a pro rata portion of the unvested restricted stock and the OP units would be included in the computation on diluted net income per share, however, their inclusion was negligible. For the three months ended March 31, 2014, the unvested restricted stock and OP units were excluded from the calculation of diluted income (loss) per share as the effect would have been antidilutive.


		March 31,
		2015		2014
	Unvested restricted stock	17,400		16,200

	OP Units	22		22

	Class B units	1,726,323		63,184

	Total common share equivalents	1,743,745		79,406

Subsequent_Events_Tables

Subsequent Events (Tables)	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Schedule of Subsequent Events	The following table presents certain information about the properties that the Company acquired from January 1, 2015 to May 15, 2015:


		Number of Properties	Rentable	Base
			Square Feet	Purchase Price (1)
				(In thousands)
	Total portfolio, March 31, 2015	309	16,442,862	$	2,417,209

	Acquisitions	2	36,007	8,529

	Total portfolio, May 15, 2015	311	16,478,869	$	2,425,738

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

Organization_Narrative_Details

Organization - Narrative (Details) (USD $)	3 Months Ended	12 Months Ended	0 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Jun. 13, 2014	Apr. 20, 2012	Jun. 17, 2014	Oct. 05, 2012
	property
	sqft
Operations [Line Items]
Common stock, authorized (in shares)	300,000,000	300,000,000		150,000,000
Common stock, par value	$0.01	$0.01
Common stock, outstanding (in shares)	179,634,854	177,933,175
Proceeds From Issuance Of Common Stock And Distribution Reinvestment Plan	$1,800,000,000	$1,800,000,000
Number of properties	309
Rentable square feet	16,442,862
Occupancy rate	100.00%
Weighted average remaining lease term	11 years 7 months 6 days
Units of limited partner interest in OP (in shares)	22
Common Stock [Member]
Operations [Line Items]
Share Price (in dollars per share)		$10				$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
American Realty Capital Global Special Limited Partner, LLC [Member]
Operations [Line Items]
Limited partners' contributed capital	$200
United States [Member]
Operations [Line Items]
Percentage of portfolio investments	62.00%
Europe [Member]
Operations [Line Items]
Percentage of portfolio investments	38.00%
Unaffiliated Third Party Property Management Services [Member] \| Europe [Member] \| Maximum [Member]
Operations [Line Items]
Property management fee, percent fee	50.00%
Europe [Member]
Operations [Line Items]
Percentage of portfolio investments	40.00%
All Other Regions, Excluding the United States [Member]
Operations [Line Items]
Percentage of portfolio investments	10.00%

Summary_of_Significant_Account3

Summary of Significant Accounting Policies - Out-of-Period Adjustments (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Quantifying Misstatement in Current Year Financial Statements [Line Items]
Rental income	$47,432	$7,315
Accrued rent	11,370		12,252
Income tax expense	1,640	0
Straight-Line Rent Effect, Termination Payments Under Lease Cancellation Clauses [Member]
Quantifying Misstatement in Current Year Financial Statements [Line Items]
Rental income	600
Accrued rent	600
Change in Tax Valuation [Member]
Quantifying Misstatement in Current Year Financial Statements [Line Items]
Income tax expense	900
Change in Tax Valuation [Member] \| Foreign Tax Authority [Member]
Quantifying Misstatement in Current Year Financial Statements [Line Items]
Income tax expense	1,200
Deferred Tax Asset [Member] \| Change in Tax Valuation [Member]
Quantifying Misstatement in Current Year Financial Statements [Line Items]
Income tax expense	$300

Summary_of_Significant_Account4

Summary of Significant Accounting Policies - Revisions to Historical Cash Flow Statements (Details) (USD $)	3 Months Ended		6 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Jun. 30, 2014	Sep. 30, 2014
Net Cash provided by (used in) Operating Activities	$34,489	($18,542)	($3,232)	($9,648)
Net Cash provided by (used in) Investing Activities	-30,257	-182,082	-445,577	-1,089,521
Net Cash provided by (used in) Financing Activities	7,886	468,553	1,370,133	1,363,619
Additional non-cash financing activities:
Line of credit draws used directly to acquire investments in real estate	0	36,265	71,528	309,096
As Previously Reported [Member]
Net Cash provided by (used in) Operating Activities		-16,893	-769	352
Net Cash provided by (used in) Investing Activities		-219,996	-519,568	-1,408,617
Net Cash provided by (used in) Financing Activities		504,818	1,441,661	1,672,715
Additional non-cash financing activities:
Line of credit draws used directly to acquire investments in real estate		0	0	0
Revisions [Member] \| Rent Credits [Member]
Net Cash provided by (used in) Operating Activities		-1,649	-2,463	-10,000
Net Cash provided by (used in) Investing Activities		1,649	2,463	10,000
Net Cash provided by (used in) Financing Activities		0	0	0
Additional non-cash financing activities:
Line of credit draws used directly to acquire investments in real estate		0	0	0
Revisions [Member] \| Line of Credit Advances [Member]
Net Cash provided by (used in) Operating Activities		0	0	0
Net Cash provided by (used in) Investing Activities		36,265	71,528	309,096
Net Cash provided by (used in) Financing Activities		-36,265	-71,528	-309,096
Additional non-cash financing activities:
Line of credit draws used directly to acquire investments in real estate		$36,265	$71,528	$309,096

Real_Estate_Investments_Schedu

Real Estate Investments - Schedule of Real Estate Properties (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
	property	Dec. 31, 2014
Other Real Estate [Roll Forward]
Ending Balance, Number of Properties	309
Beginning balance		$2,340,039
Ending balance	2,315,682	2,340,039
2015 Acquisitions [Member]
Other Real Estate [Roll Forward]
Beginning Balance, Number of properties	307
Number of properties acquired	2
Ending Balance, Number of Properties	309
Beginning balance	2,378,554
Base purchase price	38,655
Ending balance	$2,417,209

Real_Estate_Investments_Schedu1

Real Estate Investments - Schedule of Business Acquisitions, by Acquisition (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
	property	property
Acquired Finite-Lived Intangible Assets [Line Items]
Land	$6,624	$36,472
Buildings, fixtures and improvements	25,078	149,327
Total tangible assets	31,702	185,799
Total assets acquired, net	38,655	312,626
Mortgage notes payable used to acquire real estate investments	0	-93,951
Cash paid for acquired real estate investments	38,655	218,675
Number of properties purchased	2	13
Leases, Acquired-in-Place [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangibles	7,485	101,413
Above Market Leases [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangibles	50	26,383
Below Market Lease [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangibles	($582)	($969)

Real_Estate_Investments_Busine

Real Estate Investments - Business Acquisition, Pro Forma Information (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Real Estate [Abstract]
Acquisition and transaction related	$1,085	$16,516
Pro forma revenues	50,466	12,396	7,202
Pro forma net income (loss)	$14,253	($4,986)	($5,214)
Pro forma basic and diluted net income (loss) per share	$0.08	($0.13)	($11.87)

Real_Estate_Investments_Schedu2

Real Estate Investments - Schedule of Future Minimum Rental Payments for Operating Leases (Details) (USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified	Mar. 31, 2015
Real Estate [Abstract]
April 1, 2015 to December 31, 2015	$130,623
2016	176,588
2017	180,018
2018	182,503
2019	184,945
Thereafter	1,196,481
Total	$2,051,158

Real_Estate_Investments_Schedu3

Real Estate Investments - Schedule of Annualized Rental Income by Major Tenants (Details)	3 Months Ended
	Mar. 31, 2014
Crown Crest [Member]
Product Information [Line Items]
Concentration percentage	14.80%
Aviva [Member]
Product Information [Line Items]
Concentration percentage	10.30%

Real_Estate_Investments_Schedu4

Real Estate Investments - Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
United Kingdom [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Entity-wide revenue percentage	21.20%	56.60%
Texas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Entity-wide revenue percentage	11.90%	0.00%

Revolving_Credit_Facility_Narr

Revolving Credit Facility - Narrative (Details)

3 Months Ended

0 Months Ended

Mar. 31, 2015

Mar. 31, 2014

Dec. 31, 2014

Feb. 04, 2015

Jul. 25, 2013

Mar. 31, 2015

Dec. 31, 2014

Jul. 25, 2013

Jan. 16, 2015

Jul. 25, 2013

Mar. 31, 2015

Dec. 31, 2014

Mar. 31, 2015

Dec. 31, 2014

Mar. 31, 2015

Dec. 31, 2014

Mar. 31, 2015

Dec. 31, 2014

Mar. 31, 2015

Dec. 31, 2014

Mar. 31, 2015

USD ($)

Revolving Credit Facility [Member]

JPMorgan Chase Bank, N.A. [Member]

GBP [Member]

EUR [Member]

Individual Investment [Member]

Designated as Hedging Instrument [Member]

Not Designated as Hedging Instrument [Member]

EUR (€)

GBP (£)

Above Threshold [Member]

Below Threshold [Member]

Revolving Credit Facility [Member]

GBP (£)

EUR (€)

JPMorgan Chase Bank, N.A. [Member]

GBP [Member]

EUR [Member]

JPMorgan Chase Bank, N.A. [Member]

USD ($)

Line of Credit Facility, Base Rate, Option Two [Member]

Line of Credit Facility, Base Rate, Option Three [Member]

Minimum [Member]

Maximum [Member]

Revolving Credit Facility [Member]

JPMorgan Chase Bank, N.A. [Member]

Revolving Credit Facility [Member]

extension

Federal Funds [Member]

Line of Credit Facility, Interest Rate, Option Two [Member]

Line of Credit Facility, Interest Rate, Option One [Member]

USD ($)

Line of Credit Facility, Interest Rate, Option Two [Member]

Line of Credit Facility, Interest Rate, Option One [Member]

USD ($)

EUR (€)

GBP (£)

EUR (€)

GBP (£)

Revolving Credit Facility [Member]

USD ($)

Base Rate [Member]

LIBOR [Member]

Base Rate [Member]

LIBOR [Member]

USD ($)

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$50,000,000

Additional borrowing capacity

750,000,000

Increase in additional borrowing capacity

705,000,000

Credit facility

633,396,000

659,268,000

110,500,000

68,500,000

633,400,000

659,300,000

20,000,000

238,400,000

239,100,000

128,000,000

169,800,000

354,700,000

263,800,000

258,700,000

155,600,000

446,600,000

231,600,000

Gains on hedging instrument deemed ineffective

1,448,000

Foreign Currency Exchange Rate, Translation

1.48

1.55

1.09

1.22

Number of one year extensions

Interest rate

0.50%

1.00%

0.60%

1.60%

1.20%

2.20%

Unused capacity commitment fee

0.25%

0.15%

Commitment fee percentage

50.00%

Remaining borrowing capacity

$71,600,000

$20,700,000

Mortgage_Note_Payable_Schedule

Mortgage Note Payable - Schedule of Long-term Debt Instruments (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Outstanding Loan Amount	$261,910,000	$281,186,000
Real Estate and Accumulated Depreciation, Unencumbered Assets	1,400,000,000
Mortgages [Member]
Debt Instrument [Line Items]
Encumbered Properties	37
Outstanding Loan Amount	261,910,000	281,186,000
Effective Interest Rate	3.70%
Rheinmetall [Member] \| Mortgages [Member]
Debt Instrument [Line Items]
Encumbered Properties	1
Outstanding Loan Amount	11,502,000	12,884,000
Effective Interest Rate	2.50%
OBI DIY [Member] \| Mortgages [Member]
Debt Instrument [Line Items]
Encumbered Properties	1
Outstanding Loan Amount	4,883,000	5,470,000
Effective Interest Rate	2.40%
RWE [Member] \| Mortgages [Member]
Debt Instrument [Line Items]
Encumbered Properties	3
Outstanding Loan Amount	67,819,000	75,969,000
Effective Interest Rate	1.60%
Rexam [Member] \| Mortgages [Member]
Debt Instrument [Line Items]
Encumbered Properties	1
Outstanding Loan Amount	5,708,000	6,394,000
Effective Interest Rate	1.90%
Metro Tonic [Member] \| Mortgages [Member]
Debt Instrument [Line Items]
Encumbered Properties	1
Outstanding Loan Amount	28,755,000	32,211,000
Effective Interest Rate	1.70%
McDonalds [Member] \| Mortgages [Member]
Debt Instrument [Line Items]
Encumbered Properties	1
Outstanding Loan Amount	1,127,000	1,180,000
Effective Interest Rate	4.10%
Wickes Building Supplies [Member] \| Mortgages [Member]
Debt Instrument [Line Items]
Encumbered Properties	1
Outstanding Loan Amount	2,888,000	3,024,000
Effective Interest Rate	3.70%
Everything Everywhere \| Mortgages [Member]
Debt Instrument [Line Items]
Encumbered Properties	1
Outstanding Loan Amount	5,934,000	6,213,000
Effective Interest Rate	4.00%
Thames Water Utilities Limited [Member] \| Mortgages [Member]
Debt Instrument [Line Items]
Encumbered Properties	1
Outstanding Loan Amount	8,901,000	9,319,000
Effective Interest Rate	4.10%
Wickes Building Supplies II [Member] \| Mortgages [Member]
Debt Instrument [Line Items]
Encumbered Properties	1
Outstanding Loan Amount	2,448,000	2,563,000
Effective Interest Rate	4.20%
Northern Rock (Asset Management) LLC [Member] \| Mortgages [Member]
Debt Instrument [Line Items]
Encumbered Properties	2
Outstanding Loan Amount	7,788,000	8,155,000
Effective Interest Rate	4.40%
Wickes Building Supplies III [Member] \| Mortgages [Member]
Debt Instrument [Line Items]
Encumbered Properties	1
Outstanding Loan Amount	2,819,000	2,951,000
Effective Interest Rate	4.30%
Provident Financial [Member] \| Mortgages [Member]
Debt Instrument [Line Items]
Encumbered Properties	1
Outstanding Loan Amount	18,915,000	19,804,000
Effective Interest Rate	4.10%
Crown Crest [Member] \| Mortgages [Member]
Debt Instrument [Line Items]
Encumbered Properties	1
Outstanding Loan Amount	28,557,000	29,901,000
Effective Interest Rate	4.20%
Aviva [Member] \| Mortgages [Member]
Debt Instrument [Line Items]
Encumbered Properties	1
Outstanding Loan Amount	23,291,000	24,387,000
Effective Interest Rate	3.80%
Western Digital [Member] \| Mortgages [Member]
Debt Instrument [Line Items]
Encumbered Properties	1
Outstanding Loan Amount	18,195,000	18,269,000
Effective Interest Rate	3.50%
Encanto [Member] \| Mortgages [Member]
Debt Instrument [Line Items]
Encumbered Properties	18
Outstanding Loan Amount	$22,381,000	$22,492,000
Effective Interest Rate	2.90%

Mortgage_Note_Payable_Schedule1

Mortgage Note Payable - Schedule of Maturities of Long-term Debt (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Mortgage notes payable	$261,910	$281,186
Mortgages [Member]
Debt Instrument [Line Items]
April 1, 2015 b December 31, 2015	537
2016	758
2017	23,046
2018	31,114
2019	189,784
Thereafter	16,671
Mortgage notes payable	$261,910	$281,186

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments - Narrative (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	$500	$490
Fair Value, Measurements, Recurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	500	490
Fair Value, Measurements, Recurring [Member] \| Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	$500	$490

Fair_Value_of_Financial_Instru3

Fair Value of Financial Instruments - Unrealized Gain (Loss) on Investments (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$500	$490
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cost	514	514
Gross Unrealized Gains	0	0
Gross Unrealized Losses	-14	-24
Fair Value	$500	$490

Fair_Value_of_Financial_Instru4

Fair Value of Financial Instruments - Fair Value, Liabilities Measured on Recurring Basis (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$500	$490
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	500	490
Fair Value, Measurements, Recurring [Member] \| Quoted Prices in Active Markets Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	500	490
Fair Value, Measurements, Recurring [Member] \| Significant Other Observable Inputs Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Fair Value, Measurements, Recurring [Member] \| Significant Unobservable Inputs Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Foreign Currency Swap [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, Interest rate swap	5,616	11,289
Foreign Currency Swap [Member] \| Fair Value, Measurements, Recurring [Member] \| 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	0
Foreign Currency Swap [Member] \| Fair Value, Measurements, Recurring [Member] \| Significant Other Observable Inputs Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, Interest rate swap	5,616	11,289
Foreign Currency Swap [Member] \| Fair Value, Measurements, Recurring [Member] \| Significant Unobservable Inputs Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, Interest rate swap	0	0
Foreign Currency Forwards [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, Interest rate swap	4,008	1,884
Foreign Currency Forwards [Member] \| Fair Value, Measurements, Recurring [Member] \| 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	0
Foreign Currency Forwards [Member] \| Fair Value, Measurements, Recurring [Member] \| Significant Other Observable Inputs Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, Interest rate swap	4,008	1,884
Foreign Currency Forwards [Member] \| Fair Value, Measurements, Recurring [Member] \| Significant Unobservable Inputs Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, Interest rate swap	0	0
Interest Rate Swap [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, Foreign Currency	-5,742	-5,650
Interest Rate Swap [Member] \| Fair Value, Measurements, Recurring [Member] \| Quoted Prices in Active Markets Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, Foreign Currency	0	0
Interest Rate Swap [Member] \| Fair Value, Measurements, Recurring [Member] \| Significant Other Observable Inputs Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, Foreign Currency	-5,742	-5,650
Interest Rate Swap [Member] \| Fair Value, Measurements, Recurring [Member] \| Significant Unobservable Inputs Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, Foreign Currency	$0	$0

Fair_Value_of_Financial_Instru5

Fair Value of Financial Instruments - Fair Value, by Balance Sheet Grouping (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage notes payable	$261,910	$281,186
Mortgage premium, net	1,123	1,165
Mortgages [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage notes payable	261,910	281,186
Significant Unobservable Inputs Level 3 [Member] \| Mortgages [Member] \| Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt, fair value	263,033	282,351
Mortgage notes payable	261,900	281,200
Mortgage premium, net	1,100	1,200
Significant Unobservable Inputs Level 3 [Member] \| Mortgages [Member] \| Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt, fair value	261,393	280,967
Significant Unobservable Inputs Level 3 [Member] \| Revolving Credit Facility [Member] \| Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt, fair value	633,396	659,268
Significant Unobservable Inputs Level 3 [Member] \| Revolving Credit Facility [Member] \| Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt, fair value	$646,384	$669,824

Derivative_and_Hedging_Activit2

Derivative and Hedging Activities - Narrative (Details)	3 Months Ended		12 Months Ended	3 Months Ended	12 Months Ended			3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Mar. 31, 2015	Dec. 31, 2014	Feb. 04, 2015	Feb. 04, 2015	Mar. 31, 2015
	USD ($)	USD ($)	USD ($)	Not Designated as Hedging Instrument [Member]	Not Designated as Hedging Instrument [Member]	Revolving Credit Facility [Member]	Revolving Credit Facility [Member]	Cash Flow Hedging [Member]
				USD ($)	USD ($)	EUR (€)	GBP (£)	Interest Expense [Member]
								Interest Rate Swap [Member]
								Designated as Hedging Instrument [Member]
								USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Loss on derivatives due to ineffectiveness in earnings	$2,000		$0
Estimate of time to transfer								12 months
Estimated net amount to be transferred								3,200,000
Loss on derivative investments due to ineffectiveness in earnings	4,211,000	-79,000		4,700,000	1,900,000
Fair value of derivatives in net liability position	6,500,000
Line of credit, amount drawn	633,396,000		659,268,000			110,500,000	68,500,000
Gain on derivative, from partial settlement	19,000,000
Proceeds from termination of derivatives	10,055,000	0
Portion of derivative termination proceeds used to repay debt	$8,893,000	$0

Derivative_and_Hedging_Activit3

Derivative and Hedging Activities - Schedule of Interest Rate Derivatives (Details) (Swap [Member], Cash Flow Hedging [Member], Designated as Hedging Instrument [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	derivative	derivative
Derivative [Line Items]
Number of Instruments	30	30
Notional Amount	$607,182	$654,224
GBP [Member]
Derivative [Line Items]
Number of Instruments	20	20
Notional Amount	354,544	371,225
EUR [Member]
Derivative [Line Items]
Number of Instruments	10	10
Notional Amount	$252,638	$282,999

Derivative_and_Hedging_Activit4

Derivative and Hedging Activities - Schedule of Derivative Instruments (Details) (Swap [Member], Foreign Currency Swap [Member], Designated as Hedging Instrument [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	derivative	derivative
Derivative [Line Items]
Number of Instruments	0	15
Notional Amount	$0	$241,908
GBP [Member]
Derivative [Line Items]
Number of Instruments	0	5
Notional Amount	0	107,623
EUR [Member]
Derivative [Line Items]
Number of Instruments	0	10
Notional Amount	$0	$134,285

Derivative_and_Hedging_Activit5

Derivative and Hedging Activities - Disclosure of Credit Derivatives (Details) (Foreign Currency Swap [Member], Not Designated as Hedging Instrument [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	derivative	derivative
Schedule of Foreign Currency Swaps [Line Items]
Number of Instruments	111	111
Notional Amount	$205,314	$26,363
EUR [Member] \| Foreign Exchange Forward [Member]
Schedule of Foreign Currency Swaps [Line Items]
Number of Instruments	27	31
Notional Amount	11,059	12,699
EUR [Member] \| Swap [Member]
Schedule of Foreign Currency Swaps [Line Items]
Number of Instruments	5	0
Notional Amount	99,334	0
GBP [Member] \| Foreign Exchange Forward [Member]
Schedule of Foreign Currency Swaps [Line Items]
Number of Instruments	70	80
Notional Amount	11,905	13,664
GBP [Member] \| Swap [Member]
Schedule of Foreign Currency Swaps [Line Items]
Number of Instruments	9	0
Notional Amount	$83,016	$0

Derivative_and_Hedging_Activit6

Derivative and Hedging Activities - Schedule of Derivatives in Statement of Financial Position, Fair Value (Details) (Significant Other Observable Inputs Level 2, Swap [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivatives liabilities, at fair value	($5,742)	($5,632)
Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivatives assets, at fair value	9,624	13,173
GBP [Member] \| Interest Rate Swap [Member] \| Designated as Hedging Instrument [Member] \| Derivative Financial Instruments, Assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives assets, at fair value	9	18
GBP [Member] \| Interest Rate Swap [Member] \| Designated as Hedging Instrument [Member] \| Derivative Financial Instruments, Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivatives liabilities, at fair value	-4,121	-4,335
GBP [Member] \| Foreign Currency Forwards [Member] \| Not Designated as Hedging Instrument [Member] \| Derivative Financial Instruments, Assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives assets, at fair value	1,876	1,148
GBP [Member] \| Cross Currency Swap [Member] \| Not Designated as Hedging Instrument [Member] \| Derivative Financial Instruments, Assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives assets, at fair value	804	4,517
GBP [Member] \| Cross Currency Swap [Member] \| Not Designated as Hedging Instrument [Member] \| Derivative Financial Instruments, Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivatives liabilities, at fair value	0	-447
EUR [Member] \| Interest Rate Swap [Member] \| Designated as Hedging Instrument [Member] \| Derivative Financial Instruments, Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivatives liabilities, at fair value	-1,630	-1,315
EUR [Member] \| Foreign Currency Forwards [Member] \| Not Designated as Hedging Instrument [Member] \| Derivative Financial Instruments, Assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives assets, at fair value	2,132	736
EUR [Member] \| Cross Currency Swap [Member] \| Not Designated as Hedging Instrument [Member] \| Derivative Financial Instruments, Assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives assets, at fair value	$4,812	$7,219

Derivative_and_Hedging_Activit7

Derivative and Hedging Activities - Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance (Details) (Interest Rate Swap [Member], Cash Flow Hedging [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in accumulated other comprehensive income from derivatives (effective portion)	$11,588	($3,212)
Amount of loss recognized in income on derivative instruments (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing)	-2	0
Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of loss reclassified from accumulated other comprehensive income into income as interest expense (effective portion)	($821)	($206)

Derivative_and_Hedging_Activit8

Derivative and Hedging Activities - Offsetting Assets (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gross Amounts of Recognized Assets	$9,633	$13,638
Gross Amounts of Recognized (Liabilities)	-5,751	-6,115
Gross Amounts Offset on the Balance Sheet	0	0
Net Amounts of Assets (Liabilities) presented on the Balance Sheet	3,882	7,523
Financial Instruments	0	0
Cash Collateral Received (Posted)	0	0
Net Amount	$3,882	$7,523

Common_Stock_Narrative_Details

Common Stock - Narrative (Details) (USD $)	0 Months Ended	3 Months Ended	12 Months Ended	11 Months Ended
In Billions, except Share data, unless otherwise specified	Oct. 05, 2012	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2015
Class of Stock [Line Items]
Common stock, outstanding (in shares)		179,634,854	177,933,175	179,634,854
Proceeds From Issuance Of Common Stock And Distribution Reinvestment Plan		$1.80	$1.80
Dividends declared per day (in dollars per share)	$0.00
Annual dividend percentage	7.10%
Common Stock [Member]
Class of Stock [Line Items]
Share Price (in dollars per share)	$10		$10
Share-based Compensation Arrangement by Share-based Payment Award, Per Share Weighted Average Price of Shares Purchased		$9.74	$9.91	$9.74
Common stock repurchases (in shares)		123,613	99,969	223,582

Related_Party_Transactions_Nar

Related Party Transactions - Narrative (Details) (USD $)	3 Months Ended
Related Party Transactions - Narrative (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Related Party Transaction [Line Items]
Due to affiliates	1,501,000	400,000
Due from affiliates	29,000	500,000
Cumulative offering costs, net of unpaid amounts	188,100,000
Special Limited Partner [Member]
Related Party Transaction [Line Items]
Operating partnership units (in shares)	244,444	244,444
Dealer Manager [Member]
Related Party Transaction [Line Items]
Percentage of transaction portfolio value	0.25%
Third party professional fees and offering costs [Member]
Related Party Transaction [Line Items]
Due to affiliates	1,500,000	400,000
Due from affiliates	0	0
American Realty Capital Global Advisors, LLC and Realty Capital Securities, LLC [Member] \| Fees and Expense Reimbursement, Stock Offering [Member] \| Advisor [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related parties	500,000
American Realty Capital Global Advisors, LLC [Member] \| Advisor [Member]
Related Party Transaction [Line Items]
Due from affiliates	29,000	500,000
Maximum [Member]
Related Party Transaction [Line Items]
Liability for offering and related costs from IPO	1.50%
Cumulative offering cost cap	11.50%
Gross Proceeds, Retail Shares [Member] \| Maximum [Member] \| Realty Capital Securities, LLC [Member] \| Dealer Manager [Member]
Related Party Transaction [Line Items]
Sales commissions as a percentage of benchmark	7.00%
Contract Purchase Price [Member] \| Advisor [Member]
Related Party Transaction [Line Items]
Approved Class B Units (in shares)	1,020,580		39,792
Class B Units, approved for issuance during the period (in shares)	514,343	506,237
Contract Purchase Price [Member] \| The Service Provider [Member]
Related Party Transaction [Line Items]
Approved Class B Units (in shares)	1,020,580		39,792
Contract Purchase Price [Member] \| American Realty Capital Global Advisors, LLC [Member] \| Advisor [Member]
Related Party Transaction [Line Items]
Acquisition fees as a percentage of benchmark	1.00%
Financing advance fees as a percentage of benchmark, expected third party costs	0.50%
Aggregate acquisition fees and acquisition related expenses as a percentage of benchmark	4.50%
Contract Purchase Price [Member] \| American Realty Capital Global Special Limited Partner, LLC [Member] \| Advisor [Member]
Related Party Transaction [Line Items]
Quarterly asset management fee	0.19%
Contract Purchase Price [Member] \| Maximum [Member] \| American Realty Capital Global Advisors, LLC [Member] \| Advisor [Member]
Related Party Transaction [Line Items]
Acquisition and financing coordination fees as a percentage of benchmark	4.50%
Advance on Loan or Other Investment [Member] \| American Realty Capital Global Advisors, LLC [Member] \| Advisor [Member]
Related Party Transaction [Line Items]
Financing advance fees as a percentage of benchmark	1.00%
Amount Available or Outstanding Under Financing Arrangement [Member] \| American Realty Capital Global Advisors, LLC [Member] \| Advisor [Member]
Related Party Transaction [Line Items]
Acquisition and financing coordination fees as a percentage of benchmark	0.75%
Pre-tax Non-compounded Return on Capital Contribution [Member] \| American Realty Capital Global Advisors, LLC [Member] \| Advisor [Member]
Related Party Transaction [Line Items]
Subordinated performance fee as a percentage of benchmark	15.00%
Pre-tax Non-compounded Return on Capital Contribution [Member] \| American Realty Capital Global Advisors, LLC [Member] \| Annual Targeted Investor Return [Member] \| Advisor [Member]
Related Party Transaction [Line Items]
Cumulative capital investment return to investors as a percentage of benchmark	6.00%
Pre-tax Non-compounded Return on Capital Contribution [Member] \| Maximum [Member] \| American Realty Capital Global Advisors, LLC [Member] \| Advisor [Member]
Related Party Transaction [Line Items]
Subordinated performance fee as a percentage of benchmark	10.00%
Excess of Adjusted Market Value of Real Estate Assets Plus Distributions Over Aggregate Contributed Investor Capital [Member] \| American Realty Capital Global Advisors, LLC [Member] \| Advisor [Member]
Related Party Transaction [Line Items]
Subordinated participation fees as a percentage of benchmark	15.00%
Excess of Adjusted Market Value of Real Estate Assets Plus Distributions Over Aggregate Contributed Investor Capital [Member] \| American Realty Capital Global Advisors, LLC [Member] \| Portion recoverable by thrid party service provider [Member] \| Advisor [Member]
Related Party Transaction [Line Items]
Subordinated participation fees as a percentage of benchmark	50.00%
Gross Revenue, Managed Properties [Member] \| Maximum [Member] \| American Realty Capital Global Properties, LLC [Member] \| Property Manager [Member]
Related Party Transaction [Line Items]
Oversight fees as a percentage of benchmark	1.00%
Contract Sales Price [Member] \| Maximum [Member] \| American Realty Capital Global Advisors, LLC [Member] \| Brokerage Commission Fees [Member] \| Advisor [Member]
Related Party Transaction [Line Items]
Real estate commissions as a percentage of benchmark	2.00%
Contract Sales Price [Member] \| Maximum [Member] \| American Realty Capital Global Advisors, LLC [Member] \| Real Estate Commissions [Member] \| Advisor [Member]
Related Party Transaction [Line Items]
Real estate commissions as a percentage of benchmark	6.00%
Net Sale Proceeds, after Return of Capital Contributions and Annual Targeted Investor Return [Member] \| American Realty Capital Global Advisors, LLC [Member] \| Advisor [Member]
Related Party Transaction [Line Items]
Subordinated performance fee as a percentage of benchmark	15.00%
Net Sale Proceeds, after Return of Capital Contributions and Annual Targeted Investor Return [Member] \| American Realty Capital Global Advisors, LLC [Member] \| Portion recoverable by thrid party service provider [Member] \| Advisor [Member]
Related Party Transaction [Line Items]
Subordinated performance fee as a percentage of benchmark	50.00%
Option One [Member] \| Gross Proceeds, Retail Shares [Member] \| Maximum [Member] \| Participating Broker-Dealer [Member]
Related Party Transaction [Line Items]
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%
Option One [Member] \| Gross Proceeds, Retail Shares [Member] \| Maximum [Member] \| Realty Capital Securities, LLC [Member] \| Dealer Manager [Member]
Related Party Transaction [Line Items]
Sales commissions as a percentage of benchmark	3.00%
Option Two [Member] \| Gross Proceeds, Retail Shares [Member] \| Realty Capital Securities, LLC [Member] \| Dealer Manager [Member]
Related Party Transaction [Line Items]
Sales commissions as a percentage of benchmark	2.50%
Greater Of [Member] \| Average Invested Assets [Member] \| Maximum [Member] \| American Realty Capital Global Advisors, LLC [Member] \| Advisor [Member]
Related Party Transaction [Line Items]
Operating expenses as a percentage of benchmark	2.00%
Greater Of [Member] \| Net Income, Excluding Additions to Non-cash Reserves and Gains on Sales of Assets [Member] \| Maximum [Member] \| American Realty Capital Global Advisors, LLC [Member] \| Advisor [Member]
Related Party Transaction [Line Items]
Operating expenses as a percentage of benchmark	25.00%
Greater Of [Member] \| Contract Sales Price [Member] \| Maximum [Member] \| American Realty Capital Global Advisors, LLC [Member] \| Brokerage Commission Fees [Member] \| Advisor [Member]
Related Party Transaction [Line Items]
Real estate commissions as a percentage of benchmark	50.00%
Unaffiliated Third Party Property Management Services [Member] \| Europe [Member] \| Maximum [Member]
Related Party Transaction [Line Items]
Property management fee, percent fee	50.00%
Unaffiliated Third Party Property Management Services [Member] \| Europe [Member] \| Contract Purchase Price [Member]
Related Party Transaction [Line Items]
Acquisition fees as a percentage of benchmark	50.00%
Unaffiliated Third Party Property Management Services [Member] \| Europe [Member] \| Amount Available or Outstanding Under Financing Arrangement [Member]
Related Party Transaction [Line Items]
Acquisition and financing coordination fees as a percentage of benchmark	50.00%
Unaffiliated Third Party Property Management Services [Member] \| Europe [Member] \| Pre-tax Non-compounded Return on Capital Contribution [Member]
Related Party Transaction [Line Items]
Subordinated performance fee as a percentage of benchmark	50.00%
Portion of Fees Attributable to Related Party [Member] \| Europe [Member] \| Contract Purchase Price [Member] \| American Realty Capital Global Advisors, LLC [Member] \| Advisor [Member]
Related Party Transaction [Line Items]
Acquisition fees as a percentage of benchmark	50.00%
Portion of Fees Attributable to Related Party [Member] \| Europe [Member] \| Amount Available or Outstanding Under Financing Arrangement [Member] \| American Realty Capital Global Advisors, LLC [Member] \| Advisor [Member]
Related Party Transaction [Line Items]
Acquisition and financing coordination fees as a percentage of benchmark	50.00%
Portion of Fees Attributable to Related Party [Member] \| Europe [Member] \| Pre-tax Non-compounded Return on Capital Contribution [Member] \| American Realty Capital Global Advisors, LLC [Member] \| Advisor [Member]
Related Party Transaction [Line Items]
Subordinated performance fee as a percentage of benchmark	50.00%
Stand Alone, Single Tenant, Net Leased [Member] \| Gross Revenue, Managed Properties [Member] \| Maximum [Member] \| American Realty Capital Global Properties, LLC [Member] \| Property Manager [Member]
Related Party Transaction [Line Items]
Oversight fees as a percentage of benchmark	2.00%
All Other Properties, Other than Stand Alone, Single Tenant, Net Leased [Member] \| Gross Revenue, Managed Properties [Member] \| Maximum [Member] \| American Realty Capital Global Properties, LLC [Member] \| Property Manager [Member]
Related Party Transaction [Line Items]
Oversight fees as a percentage of benchmark	4.00%
Gross Revenue, Managed Properties [Member] \| Stand Alone, Single Tenant, Net Leased [Member] \| Unaffiliated Third Party Property Management Services [Member] \| Europe [Member]
Related Party Transaction [Line Items]
Property management fee, percent fee	0.25%
Gross Revenue, Managed Properties [Member] \| All Other Properties, Other than Stand Alone, Single Tenant, Net Leased [Member] \| Unaffiliated Third Party Property Management Services [Member] \| Europe [Member]
Related Party Transaction [Line Items]
Property management fee, percent fee	0.50%
Gross Revenue, Managed Properties [Member] \| Singe Tenant Net Lease, Not Part of Shopping Center [Member] \| Unaffiliated Third Party Property Management Services [Member] \| Europe [Member]
Related Party Transaction [Line Items]
Property management fee, percent fee	1.75%
Gross Revenue, Managed Properties [Member] \| All Other Property Types, Other Than Stand Alone, Single Tenant, Net Leased and Not Part of Shopping Center [Member] \| Unaffiliated Third Party Property Management Services [Member] \| Europe [Member]
Related Party Transaction [Line Items]
Property management fee, percent fee	3.50%

Related_Party_Transactions_Sch

Related Party Transactions - Schedule of Selling Commissions and Dealer Manager Fees Payable to Affiliate (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Related Party Transaction [Line Items]
Due to affiliates	$1,501		$400
Total commissions and fees to Dealer Manager [Member] \| Realty Capital Securities, LLC [Member] \| Dealer Manager [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related parties	-8	49,253
Due to affiliates	$0		$13

Related_Party_Transactions_Sch1

Related Party Transactions - Schedule of Offering Costs Reimbursements to Related Party (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Related Party Transaction [Line Items]
Due to affiliates	$1,501		$400
American Realty Capital Global Advisors, LLC and Realty Capital Securities, LLC [Member] \| Fees and Expense Reimbursements to the Advisor and Dealer Manager [Member] \| Advisor and Dealer Manager [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related parties	-40	8,074
Due to affiliates	$40		$61

Related_Party_Transactions_Sch2

Related Party Transactions - Schedule of Amount Contractually Due and Forgiven in Connection With Operation Related Services (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Related Party Transaction [Line Items]
Due to affiliates	$1,501		$400
Incurred [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related parties	1,012	6,251
Forgiven [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related parties	593	85
Payable [Member]
Related Party Transaction [Line Items]
Due to affiliates	4		54
Nonrecurring Fees [Member] \| Acquisition Fees and Related Cost Reimbursements [Member] \| Incurred [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related parties	580	4,931
Nonrecurring Fees [Member] \| Acquisition Fees and Related Cost Reimbursements [Member] \| Forgiven [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related parties	0	0
Nonrecurring Fees [Member] \| Acquisition Fees and Related Cost Reimbursements [Member] \| Payable [Member]
Related Party Transaction [Line Items]
Due to affiliates	0		2
Nonrecurring Fees [Member] \| Financing Coordination Fees [Member] \| Incurred [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related parties	0	1,144
Nonrecurring Fees [Member] \| Financing Coordination Fees [Member] \| Forgiven [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related parties	0	0
Nonrecurring Fees [Member] \| Financing Coordination Fees [Member] \| Payable [Member]
Related Party Transaction [Line Items]
Due to affiliates	0		0
Recurring Fees [Member] \| Asset Management Fees [Member] \| Incurred [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related parties	0	0
Recurring Fees [Member] \| Asset Management Fees [Member] \| Forgiven [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related parties	0
Recurring Fees [Member] \| Asset Management Fees [Member] \| Payable [Member]
Related Party Transaction [Line Items]
Due to affiliates	0		0
Recurring Fees [Member] \| Property Management and Leasing Fees [Member] \| Incurred [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related parties	888	63
Recurring Fees [Member] \| Property Management and Leasing Fees [Member] \| Forgiven [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related parties	593	85
Recurring Fees [Member] \| Property Management and Leasing Fees [Member] \| Payable [Member]
Related Party Transaction [Line Items]
Due to affiliates	0		52
Recurring Fees [Member] \| Strategic Advisory Fees [Member] \| Incurred [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related parties	0	107
Recurring Fees [Member] \| Strategic Advisory Fees [Member] \| Forgiven [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related parties	0	0
Recurring Fees [Member] \| Strategic Advisory Fees [Member] \| Payable [Member]
Related Party Transaction [Line Items]
Due to affiliates	0		0
Recurring Fees [Member] \| Distributions on Class B Units [Member] \| Incurred [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related parties	124	6
Recurring Fees [Member] \| Distributions on Class B Units [Member] \| Forgiven [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related parties	0	0
Recurring Fees [Member] \| Distributions on Class B Units [Member] \| Payable [Member]
Related Party Transaction [Line Items]
Due to affiliates	$4		$0

ShareBased_Compensation_Narrat

Share-Based Compensation - Narrative (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued in lieu of cash	0	0
Stock Option Plan [Member] \| Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	500,000		500,000
Director Stock Plan [Member] \| Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted share vesting period	5 years
Restricted Share Plan [Member] \| Restricted Stock [Member]
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 expense	8	8
Contract Purchase Price [Member] \| Maximum [Member] \| Restricted Share Plan [Member] \| Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair Value of Restricted Share Grants	6.00%
Average Invested Assets [Member] \| Maximum [Member] \| Restricted Share Plan [Member] \| Restricted Stock [Member]
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 [Member] \| Maximum [Member] \| Restricted Share Plan [Member] \| Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair Value of Restricted Share Grants	25.00%
Disposition Fees [Member] \| Maximum [Member] \| Restricted Share Plan [Member] \| Restricted Stock [Member]
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 [Member] \| Maximum [Member] \| Restricted Share Plan [Member] \| Restricted Stock [Member]
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 [Member] \| Maximum [Member] \| Restricted Share Plan [Member] \| Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair Value of Restricted Share Grants	6.00%

ShareBased_Compensation_Schedu

Share-Based Compensation - Schedule of Share-based Compensation Arrangements by Share-based Payment Award (Details) (Restricted Share Plan [Member], Restricted Stock [Member], USD $)	3 Months Ended
	Mar. 31, 2015
Restricted Share Plan [Member] \| Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested, December 31, 2014 (in shares)	14,400
Granted (in shares)	3,000
Vested (in shares)	0
Unvested, March 31, 2015 (in shares)	17,400
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, 2014, 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, March 31, 2015, Weighted-Average Issue Price (usd per share)	$9

Net_Income_Loss_Per_Share_Sche

Net Income (Loss) Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share [Abstract]
Net income (loss)	$25,855	($16,349)
Basic and diluted weighted average shares outstanding (in shares)	179,156,462	37,602,790
Basic and diluted net income (loss) per share (usd per share)	$0.14	($0.43)

Net_Income_Loss_Per_Share_Sche1

Net Income (Loss) Per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	1,743,745	79,406
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	17,400	16,200
OP Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	22	22
Class B Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	1,726,323	63,184

Subsequent_Events_Schedule_of_

Subsequent Events - Schedule of Subsequent Events (Details) (USD $)	3 Months Ended		1 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	15-May-15
	property	property	sqft
	sqft		property
Subsequent Event [Line Items]
Number of Businesses Acquired	2	13
Ending Balance, Number of Properties	309
Rentable square feet	16,442,862
Real Estate Investment, Aggregate Purchase Price	$2,417,209
Subsequent Event [Member]
Subsequent Event [Line Items]
Number of Businesses Acquired			2
Ending Balance, Number of Properties			311
Area of Real Estate Property, Acquisitions			36,007
Rentable square feet			16,478,869
Real Estate Investment Property, at Cost, Acquisitions			8,529
Real Estate Investment, Aggregate Purchase Price			$2,425,738

Subsequent_Events_Narrative_De

Subsequent Events - Narrative (Details) (USD $)	3 Months Ended	0 Months Ended
In Millions, except Per Share data, unless otherwise specified	Mar. 31, 2015	Apr. 08, 2015	Dec. 31, 2014	Apr. 01, 2015	14-May-15
Subsequent Event [Line Items]
Common stock, par value	0.01		$0.01
Incentive Restricted Share Plan [Member]
Subsequent Event [Line Items]
Maximum authorized amount as a percentage of shares authorized	5.00%
Subsequent Event [Member] \| Advisor [Member]
Subsequent Event [Line Items]
Related Party Transaction Asset Management Fee Earned By Related Party, Percentage of Benchmark				0.75%
Subsequent Event [Member] \| Tender Offer [Member]
Subsequent Event [Line Items]
Share repurchase program, purchase price					$10.50
Subsequent Event [Member] \| Tender Offer [Member] \| Maximum [Member]
Subsequent Event [Line Items]
Payments for repurchase of warrants					$125
Subsequent Event [Member] \| Incentive Restricted Share Plan [Member]
Subsequent Event [Line Items]
Maximum authorized amount as a percentage of shares authorized		10.00%
Subsequent Event [Member] \| Outperformance Plan Agreement (The OPP) [Member]
Subsequent Event [Line Items]
Percentage of market capitalization maximum		5.00%