Global Net Lease (GNL) 10-K 28 Feb 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2016	Feb. 15, 2017	Jun. 30, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Global Net Lease, Inc.
Entity Central Index Key	1,526,113
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Shares, Shares Outstanding		198,807,675
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 1.3

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Real estate investments, at cost:
Land	$ 376,704	$ 341,911
Buildings, fixtures and improvements	1,967,930	1,685,919
Construction in progress	0	180
Acquired intangible lease assets	587,061	518,294
Total real estate investments, at cost	2,931,695	2,546,304
Less accumulated depreciation and amortization	(216,055)	(133,329)
Total real estate investments, net	2,715,640	2,412,975
Cash and cash equivalents	69,831	69,938
Restricted cash	7,497	3,319
Derivatives, at fair value	28,700	5,812
Unbilled straight-line rent	30,459	23,048
Prepaid expenses and other assets	17,577	15,345
Related party notes receivable acquired in Merger	5,138	0
Due from related parties	16	136
Deferred tax assets	1,586	2,552
Goodwill and other intangible assets, net	13,931	2,988
Deferred financing costs, net	1,092	4,409
Total assets	2,891,467	2,540,522
LIABILITIES AND EQUITY
Mortgage notes payable, net of deferred financing costs ($5,103 and $7,446 for December 31, 2016 and 2015, respectively)	749,884	524,262
Mortgage (discount) premium, net	(2,503)	676
Credit facility	616,614	717,286
Mezzanine facility	55,400	0
Mezzanine discount, net	(17)	0
Acquired intangible lease liabilities, net	33,041	27,978
Derivatives, at fair value	15,457	6,028
Due to related parties	2,162	399
Accounts payable and accrued expenses	22,861	18,659
Prepaid rent	18,429	15,491
Deferred tax liability	15,065	4,016
Taxes payable	9,059	5,201
Dividends payable	34	407
Total liabilities	1,535,486	1,320,403
Commitments and contingencies
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]
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, 198,775,675 and 168,936,633 shares issued and outstanding at December 31, 2016 and 2015, respectively	1,990	1,692
Additional paid-in capital	1,708,541	1,480,162
Accumulated other comprehensive loss	(16,695)	(3,649)
Accumulated deficit	(346,058)	(272,812)
Total stockholders' equity	1,347,778	1,205,393
Non-controlling interest	8,203	14,726
Total equity	1,355,981	1,220,119
Total liabilities and equity	$ 2,891,467	$ 2,540,522

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Deferred financing costs	$ 5,103	$ 7,446
Preferred stock, par value (usd per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	50,000,000	50,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	300,000,000	300,000,000
Common stock, issued (in shares)	198,775,675	168,936,633
Common stock, outstanding (in shares)	198,775,675	168,936,633

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues [Abstract]
Rental income	$ 204,049	$ 194,620	$ 88,158
Operating expense reimbursements	10,125	10,712	5,225
Total revenues	214,174	205,332	93,383
Expenses:
Property operating	19,038	18,180	7,947
Operating fees to affiliates	19,751	15,167	797
Acquisition and transaction related	9,792	6,053	83,498
Listing fees	0	18,653	0
Vesting of Class B Units	0	14,480	0
General and administrative	7,108	7,175	4,314
Equity based compensation	3,748	2,345	0
Depreciation and amortization	94,455	90,070	40,387
Total expenses	153,892	172,123	136,943
Operating loss	60,282	33,209	(43,560)
Nonoperating Income (Expense) [Abstract]
Interest expense	(39,121)	(34,864)	(14,852)
Income from investments	0	15	14
Losses on foreign currency	0	0	(186)
Realized losses on investment securities	0	(66)	0
Gains on dispositions of real estate investments	13,341	0	0
Gains on derivative instruments	7,368	3,935	1,881
Unrealized gains on undesignated foreign currency advances and other hedge ineffectiveness	10,109	5,124	1,387
Unrealized losses on non-functional foreign currency advances not designated as net investment hedges	0	(3,558)	0
Other income	20	79	291
Total other expense, net	(8,283)	(29,335)	(11,465)
Net income (loss) before income tax	51,999	3,874	(55,025)
Income tax (expense) benefit	(4,422)	(5,889)	1,431
Net income (loss)	47,577	(2,015)	(53,594)
Net income	(437)	(50)	0
Net loss	$ 47,140	$ (2,065)	$ (53,594)
Basic and diluted net loss per share (usd per share)	$ 0.27	$ (0.01)	$ (0.43)
Basic and diluted weighted average shares outstanding (in shares)	170,161,344	174,309,894	126,079,369

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 47,577	$ (2,015)	$ (53,594)
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Cumulative translation adjustment	(6,447)	1,257	476
Designated derivatives, fair value adjustments	(6,705)	556	(6,384)
Other comprehensive (loss) income	(13,152)	1,813	(5,908)
Comprehensive income (loss)	34,425	(202)	(59,502)
Net income	(437)	(50)	0
Cumulative translation adjustment	52	197	0
Designated derivatives, fair value adjustments	54	(70)	0
Comprehensive (income) loss attributable to non-controlling interest	(331)	77	0
Comprehensive income (loss) attributable to stockholders	$ 34,094	$ (125)	$ (59,502)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands		Total		Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit	Total Stockholders' Equity	Non-controlling interest
Beginning balance (in shares) at Dec. 31, 2013				15,665,827
Beginning balance at Dec. 31, 2013		$ 122,720		$ 157	$ 133,592	$ 319	$ (11,348)	$ 122,720	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)				157,635,481
Issuance of common stock		1,567,317		$ 1,579	1,565,738			1,567,317
Common stock offering costs, commissions and dealer manager fees		(167,693)			(167,693)			(167,693)
Common stock issued through dividend reinvestment plan (in shares)				4,721,780
Common stock issued through dividend reinvestment plan		44,886	[1]	$ 47	44,839			44,886
Common stock repurchases (in shares)				(99,969)
Common stock repurchases		(991)		$ (1)	(990)			(991)
Share-based compensation (in shares)				10,056
Share-based compensation		10			10			10
Amortization of restricted shares		96			96			96
Dividends declared		(90,174)					(90,174)	(90,174)
Net loss		(53,594)					(53,594)	(53,594)
Cumulative translation adjustment		476				476		476
Designated derivatives, fair value adjustments		(6,384)				(6,384)		(6,384)
Ending balance (in shares) at Dec. 31, 2014				177,933,175
Ending balance at Dec. 31, 2014		1,416,669		$ 1,782	1,575,592	(5,589)	(155,116)	1,416,669	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)				37,407
Issuance of common stock		420			420			420
Common stock offering costs, commissions and dealer manager fees		49			49			49
Common stock issued through dividend reinvestment plan (in shares)				3,005,936
Common stock issued through dividend reinvestment plan		28,578	[1]	$ 30	28,548			28,578
Common stock repurchases (in shares)				(12,039,885)
Common stock repurchases		(126,322)		$ (120)	(126,202)			(126,322)
Dividends declared		(115,631)					(115,631)	(115,631)
Issuance of operating partnership units		750							750
Vesting/Conversion of Units		14,480							14,480
Equity-based compensation		2,345			181			181	2,164
Distributions to non-controlling interest holders		(1,017)							(1,017)
Net loss		(2,015)					(2,065)	(2,065)	50
Cumulative translation adjustment		1,257				1,454		1,454	(197)
Designated derivatives, fair value adjustments		556				486		486	70
Rebalancing of ownership percentage					1,574			1,574	(1,574)
Ending balance (in shares) at Dec. 31, 2015				168,936,633
Ending balance at Dec. 31, 2015		1,220,119		$ 1,692	1,480,162	(3,649)	(272,812)	1,205,393	14,726
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)				28,684,163
Issuance of common stock		220,868		$ 287	220,581			220,868
Related party fees acquired in Merger (in shares)				(150,601)
Related party fees acquired in Merger		(1,160)		$ (2)	(1,158)			(1,160)
Common stock issued through dividend reinvestment plan	[1]	0
Dividends declared		(120,386)					(120,386)	(120,386)
Conversion of OP Units to common stock (in shares)				1,264,148
Vesting/Conversion of Units				$ 13	9,264			9,277	(9,277)
Equity-based compensation		3,748			386			386	3,362
Equity based compensation (in shares)				41,332
Distributions to non-controlling interest holders		(1,633)							(1,633)
Net loss		47,577					47,140	47,140	437
Cumulative translation adjustment		(6,447)				(6,395)		(6,395)	(52)
Designated derivatives, fair value adjustments		(6,705)				(6,651)		(6,651)	(54)
Rebalancing of ownership percentage					(694)			(694)	694
Ending balance (in shares) at Dec. 31, 2016				198,775,675
Ending balance at Dec. 31, 2016		$ 1,355,981		$ 1,990	$ 1,708,541	$ (16,695)	$ (346,058)	$ 1,347,778	$ 8,203
[1]	Excludes non-cash activity in connection with the Merger transaction (see Note 3 — Merger Transaction).

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net income (loss)		$ 47,577	$ (2,015)	$ (53,594)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		50,333	47,649	20,856
Amortization of intangibles		44,122	42,421	19,531
Amortization of deferred financing costs		6,698	8,527	3,753
Amortization of below-market lease liabilities		(2,559)	(2,134)	(1,085)
Amortization of above-market lease assets		2,335	2,315	1,085
Amortization of above- and below- market ground lease assets		183	71	32
Bad debt expense		236	0	0
Unbilled straight-line rent		(10,613)	(14,809)	(8,679)
Vesting of Class B Units		0	14,480	0
Equity based compensation		3,748	2,345	106
Unrealized losses (gains) on foreign currency transactions, derivatives, and other		(1,072)	(7,337)	(1,391)
Unrealized gains on undesignated foreign currency advances and other hedge ineffectiveness		(10,109)	(5,124)	(1,881)
Unrealized losses on non-functional foreign currency advances not designated as net investment hedges		0	3,558	0
Gains on dispositions of real estate investments		(13,341)	0	0
Appreciation of investment in securities		0	66	0
Changes in assets and liabilities:
Prepaid expenses and other assets		(1,151)	31	(11,965)
Deferred tax assets		1,342	(450)	(2,102)
Accounts payable and accrued expenses		(3,010)	4,859	11,183
Deferred rent		(3,063)	3,239	10,390
Deferred tax liability		978	(249)	3,665
Taxes payable		2,197	5,201	901
Net cash used in operating activities		114,394	102,155	(9,693)
Cash flows from investing activities:
Investment in real estate and other assets		0	(223,075)	(1,507,072)
Deposits for real estate acquisitions		0	773	(775)
Proceeds from termination of derivatives		0	10,055	0
Capital expenditures		(200)	(10,495)	(8,838)
Purchase of investment securities		0	0	(490)
Proceeds from sale of real estate investments		107,789	0	0
Proceeds from redemption of investment securities		0	463	0
Cash acquired in merger transaction		18,983	0	0
Restricted cash		7,575	0	0
Net cash used in investing activities		134,147	(222,279)	(1,517,175)
Cash flows from financing activities:
Borrowings under credit facility		62,682	476,208	258,500
Repayments on credit facility		(113,868)	(373,167)	(18,500)
Repayment on mezzanine facility		(51,803)	0	0
Proceeds from notes payable		0	0	12,505
Payments on notes payable		0	0	(12,505)
Proceeds from mortgage notes payable		0	245,483	0
Payments on mortgage notes payable		(13,377)	(721)	(135)
Proceeds from issuance of common stock		0	420	1,569,082
Proceeds from issuance of operating partnership units		0	750	0
Payments of offering costs		0	49	(168,270)
Payments of deferred financing costs		(126)	(4,881)	(16,888)
Dividends paid		(120,386)	(97,730)	(35,415)
Distributions to non-controlling interest holders		(2,008)	(642)	0
Payments on common stock repurchases, inclusive of fees		0	(2,313)	0
Payments on share repurchases related to Tender Offer		0	(125,000)	0
Advances from related parties, net		2,186	363	(100)
Restricted cash		(4,178)	2,785	(5,367)
Net cash provided by financing activities		(240,878)	121,604	1,582,907
Net change in cash and cash equivalents		7,663	1,480	56,039
Effect of exchange rate on cash		(7,770)	3,774	(2,855)
Cash and cash equivalents, beginning of period		69,938	64,684	11,500
Cash and cash equivalents, end of period		69,831	69,938	64,684
Supplemental Disclosures:
Cash paid for interest		36,195	24,625	6,540
Cash paid for income taxes		3,778	1,589	0
Non-Cash Investing and Financing Activities:
Mortgage notes payable assumed or used to acquire investments in real estate	[1]	0	31,933	217,791
Conversion of OP units to common stock	[1]	9,277	0	0
Related party fees acquired in Merger	[1]	(1,054)	0	0
Borrowings under line of credit to acquire real estate	[1]	0	0	446,558
Common stock issued through dividend reinvestment plan	[1]	0	28,578	44,886
Mortgage Notes Payable
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of mortgage premium		(446)	(489)	(498)
Mezzanine Loan Facility | Mortgage notes payable
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of mortgage premium		$ 9	$ 0	$ 0
[1]	Excludes non-cash activity in connection with the Merger transaction (see Note 3 — Merger Transaction).

Organization

Organization	12 Months Ended
	Dec. 31, 2016
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 the United States ("U.S.") federal income tax purposes beginning with the taxable year ended December 31, 2013. The Company operated as a non-traded REIT through June 1, 2015. On June 2, 2015 (the "Listing Date"), the Company listed its Common Stock (the "Listing") on the New York Stock Exchange ("NYSE") under the symbol "GNL". 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. As of December 31, 2016 , the Company owned 310 properties (all references to number of properties and square footage are unaudited) consisting of 22.0 million rentable square feet, which were 100% leased, with a weighted average remaining lease term of 9.8 years. Based on original purchase price, 49.2% of our properties are located in the U.S. and the Commonwealth of Puerto Rico and 50.8% are in Europe. The Company may also originate or acquire first mortgage loans secured by real estate. As of December 31, 2016 , the Company has not invested in any mezzanine loans, preferred equity or securitized loans. On June 30, 2014 , the Company completed its initial public offering ("IPO") after selling 172.3 million shares of common stock, $0.01 par value per share ("Common Stock"), at a price of $10.00 per share, subject to certain volume and other discounts. In addition, the Company issued an additional 1.1 million shares pursuant to its dividend reinvestment plan (the "DRIP"). On April 7, 2015 , in anticipation of the Listing, the Company announced the suspension of the DRIP. On May 7, 2015, the Company filed a post-effective amendment to its Registration statement on Form S-11 (File No. 001-37390) (as amended, the "Registration Statement") to deregister the unsold shares registered under the Registration Statement. The Company’s DRIP was terminated effective December 19, 2016. In connection with the Listing, the Company offered to purchase up to 11.9 million shares of its Common Stock at a price of $10.50 per share (the “Tender Offer”). As a result of the Tender Offer, on July 6, 2015 , the Company purchased approximately 11.9 million shares of its Common Stock at a price of $10.50 per share, for an aggregate amount of $125.0 million , excluding fees and expenses relating to the Tender Offer and including fractional shares repurchased thereafter. Substantially all of the Company's business is conducted through Global Net Lease Operating Partnership, L.P. (the "OP"), a Delaware limited partnership. At Listing, the OP had issued 1,809,678 units of limited partner interests ("OP Units") to limited partners other than the Company, of which 1,461,753 OP Units were issued to Global Net Lease Advisors, LLC (the "Advisor"), 347,903 OP Units were issued to Moor Park Capital Partners LLP (the "Service Provider"), and 22 OP Units were issued to Global Net Lease Special Limited Partner, LLC (the "Special Limited Partner") (see Note 11 — Related Party Transactions ). In accordance with the limited partnership agreement of the OP, a holder of OP Units has the right to convert OP Units, at the Company's option, for a corresponding number of shares of the Company's Common Stock or the cash value of those corresponding shares. 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. Subsequent to the Listing, all OP Units issued to the Advisor were transferred to individual investors. On September 2, 2016 , 1,264,148 of the OP Units were converted into Common Stock, of which 916,231 were issued to individual members and employees of AR Global, 347,903 were issued to the Service Provider, and 14 were issued to the Special Limited Partner. There were 545,530 of OP Units outstanding that were held by parties other than the Company as of December 31, 2016 . The Company has retained 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"). The Advisor, Property Manager and Special Limited Partner are under common control with the parent of AR Capital Global Holdings, LLC (the "Sponsor"), as a result of which they are related parties. These related parties receive compensation and fees for various services provided to the Company. The Advisor has entered into a service provider agreement with the Service Provider, pursuant to which 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. The Company and American Realty Capital Global Trust II, Inc. ("Global II"), an entity formerly sponsored by an affiliate of the Sponsor, entered into an agreement and plan of merger on August 8, 2016 ("the Merger Agreement"). On December 22, 2016, pursuant to the Merger Agreement, Global II merged with and into Mayflower Acquisition LLC (the "Merger Sub"), a Maryland limited liability company and wholly owned subsidiary of the Company, at which time the separate existence of Global II ceased and the Company became the parent of the Merger Sub (the "Merger"). In addition, pursuant to the Merger Agreement, American Realty Capital Global II Operating Partnership, L.P., a Delaware limited partnership and the operating partnership of Global II (the "Global II OP"), merged with the OP, with the OP being the surviving entity (the "Partnership Merger" and together with the Merger, the "Mergers"). As a result of the Mergers, the Company acquired the business of Global II, which immediately prior to the effective time of the Merger, owned a portfolio of commercial properties, including single tenant net-leased commercial properties two of which were located in the U.S., three of which were located in the United Kingdom and 10 of which were located in continental Europe (see Note 3 — Merger Transaction ). The Company and Global II each were sponsored, directly or indirectly, by the Sponsor. The Sponsor and its affiliates provide or provided asset management services to the Company and Global II pursuant to written advisory agreements. In connection with the Merger Agreement, the Sponsor and its affiliates had the vesting of certain of their restricted interests in Global II and the Global II OP accelerated.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Accounting The accompanying consolidated financial statements of the Company are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Principles of Consolidation The consolidated financial statements include the accounts of the Company, the OP and its subsidiaries. All inter-company accounts and transactions are eliminated in consolidation. In determining whether the Company has a controlling financial interest in a joint venture and the requirement to consolidate the accounts of that entity, management considers factors such as ownership interest, authority to make decisions and contractual and substantive participating rights of the other partners or members as well as whether the entity is a variable interest entity ("VIE") for which the Company is the primary beneficiary. The Company has determined that the OP is a VIE of which the Company is the primary beneficiary. Substantially all of the Company's assets and liabilities are held by the OP. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management makes significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, real estate taxes, income taxes, derivative financial instruments, hedging activities, equity-based compensation expenses related to a Multi-Year Outperformance Agreement (the “OPP”) and fair value measurements, as applicable. Revenue Recognition The Company's revenues, which are derived primarily from rental income, include rents that each tenant pays in accordance with the terms of each lease reported on a straight-line basis over the initial term of the lease. Since many of the Company's leases provide for rental increases at specified intervals, straight-line basis accounting requires the Company to record a receivable, and include in revenues, unbilled rent receivables that the Company will only receive if the tenant makes all rent payments required through the expiration of the initial term of the lease. For new leases after acquisition, the commencement date is considered to be the date the lease is executed. The Company defers the revenue related to lease payments received from tenants in advance of their due dates. When the Company acquires a property, the acquisition date is considered to be the commencement date for purposes of this calculation. As of December 31, 2016 and 2015 , the Company's cumulative straight-line rents receivable in the consolidated balance sheets were $30.5 million and $23.0 million , respectively. For the years ended December 31, 2016 and 2015 , the Company’s rental revenue included impacts of unbilled rental revenue of $10.6 million and $14.8 million , respectively, to adjust contractual rent to straight-line rent. The Company reviews receivables related to rent and unbilled rent receivables and determines collectability by taking into consideration the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. In the event that the collectability of a receivable is in doubt, the Company records an increase in the Company's allowance for uncollectible accounts or records a direct write-off of the receivable in the Company's consolidated statements of operations. Cost recoveries from tenants are included in operating expense reimbursement in the period the related costs are incurred, as applicable. Investments in Real Estate Investments in real estate are recorded at cost. Improvements and replacements are capitalized when they extend the useful life of the asset. Costs of repairs and maintenance are expensed as incurred. The Company evaluates the inputs, processes and outputs of each asset acquired to determine if the transaction is a business combination or asset acquisition. If an acquisition qualifies as a business combination, the related transaction costs are recorded as an expense in the consolidated statements of operations. If an acquisition qualifies as an asset acquisition, the related transaction costs are generally capitalized and subsequently amortized over the useful life of the acquired assets. In business combinations, the Company allocates the purchase price of acquired properties to tangible and identifiable intangible assets or liabilities and non-controlling interests based on their respective fair values. Tangible assets may include land, land improvements, buildings, fixtures and tenant improvements. Intangible assets or liabilities may include the value of in-place leases, above- and below- market leases and other identifiable assets or liabilities based on lease or property specific characteristics. In addition, any assumed mortgages receivable or payable and any assumed or issued non-controlling interests are recorded at their estimated fair values. In allocating the fair value to assumed mortgages, amounts are recorded to debt premiums or discounts based on the present value of the estimated cash flows, which is calculated to account for either above or below-market interest rates. Disposal of real estate investments that represent a strategic shift in operations that will have a major effect on the Company's operations and financial results are required to be presented as discontinued operations in the consolidated statements of operations. No properties were presented as discontinued operations as of December 31, 2016 and 2015 . Properties that are intended to be sold are to be designated as “held for sale” on the consolidated balance sheets at the lesser of carrying amount or fair value less estimated selling costs when they meet specific criteria to be presented as held for sale. Properties are no longer depreciated when they are classified as held for sale. As of December 31, 2016 and 2015 , we did no t have any properties designated as held for sale. The Company evaluates acquired leases and new leases on acquired properties based on capital lease criteria. A lease is classified by a tenant as a capital lease if the significant risks and rewards of ownership reside with the tenant. This situation is met if, among other things, the non-cancelable lease term is more than 75% of the useful life of the asset or if the present value of the minimum lease payments equals 90% or more of the leased property’s fair value at lease inception. Depreciation and Amortization Depreciation is computed using the straight-line method over the estimated useful lives of up to 40 years for buildings, 15 years for land improvements, five years for fixtures and improvements and the shorter of the useful life or the remaining lease term for tenant improvements and leasehold interests. Capitalized above-market lease values are amortized as a reduction of rental income over the remaining terms of the respective leases. Capitalized below-market lease values are amortized as an increase to rental income over the remaining terms of the respective leases and expected below-market renewal option periods. Capitalized above-market ground lease values are amortized as a reduction of property operating expense over the remaining terms of the respective leases. Capitalized below-market ground lease values are amortized as an increase to property operating expense over the remaining terms of the respective leases and expected below-market renewal option periods. The value of in-place leases, exclusive of the value of above-market and below-market in-place leases, is amortized to expense over the remaining periods of the respective leases. Assumed mortgage premiums or discounts are amortized as an increase or reduction to interest expense over the remaining terms of the respective mortgages. Impairment of Long Lived Assets When circumstances indicate the carrying value of a property may not be recoverable, the Company reviews the asset for impairment. This review is based on an estimate of the future undiscounted cash flows, excluding interest charges, expected to result from the property’s use and eventual disposition. These estimates consider factors such as expected future operating income, market and other applicable trends and residual value, as well as the effects of leasing demand, competition and other factors. If impairment exists due to the inability to recover the carrying value of a property, an impairment loss is recorded to the extent that the carrying value exceeds the estimated fair value of the property for properties to be held and used. For properties held for sale, the impairment loss is the adjustment to fair value less estimated cost to dispose of the asset. These assessments have a direct impact on net income because recording an impairment loss results in an immediate negative adjustment to net earnings. Purchase Price Allocation The Company allocates the purchase price of acquired properties to tangible and identifiable intangible assets acquired, including those acquired in the Merger, based on their respective fair values. Tangible assets include land, land improvements, buildings, fixtures and tenant improvements on an as-if vacant basis. The Company utilizes various estimates, processes and information to determine the as-if vacant property value. Estimates of value are made using customary methods, including data from appraisals, comparable sales, discounted cash flow analysis and other methods. Amounts allocated to land, land improvements, buildings and fixtures are based on cost segregation studies performed by independent third parties or on the Company's analysis of comparable properties in the Company's portfolio. Identifiable intangible assets include amounts allocated to acquire leases for above- and below-market lease rates, the value of in-place leases, and the value of customer relationships, as applicable. Factors considered in the analysis of the in-place lease intangibles include an estimate of carrying costs during the expected lease-up period for each property, taking into account current market conditions and costs to execute similar leases. In estimating carrying costs, the Company includes real estate taxes, insurance and other operating expenses and estimates of lost rentals at contract rates during the expected lease-up period, which typically ranges from 12 to 18 months . The Company also estimates costs to execute similar leases including leasing commissions, legal and other related expenses. Above-market and below-market lease values for acquired properties are initially recorded based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to each in-place lease and (ii) management’s estimate of fair market lease rates for each corresponding in-place lease, measured over a period equal to the remaining term of the lease for above-market leases and the remaining initial term plus the term of any below-market fixed rate renewal options for below-market leases. The capitalized above-market lease values are amortized as a reduction of base rental revenue over the remaining terms of the respective leases, and the capitalized below-market lease values are amortized as an increase to base rental revenue over the remaining initial terms plus the terms of any below-market fixed rate renewal options of the respective leases. If a tenant with a below market rent renewal does not renew, any remaining unamortized amount will be taken into income at that time. The aggregate value of intangible assets related to customer relationship, as applicable, is measured based on the Company's evaluation of the specific characteristics of each tenant’s lease and the Company's overall relationship with the tenant. Characteristics considered by the Company in determining these values include the nature and extent of its existing business relationships with the tenant, growth prospects for developing new business with the tenant, the tenant’s credit quality and expectations of lease renewals, among other factors. The value of customer relationship intangibles is amortized to expense over the initial term and any renewal periods in the respective leases, but in no event does the amortization period for intangible assets exceed the remaining depreciable life of the building. If a tenant terminates its lease, the unamortized portion of the in-place lease value and customer relationship intangibles is charged to expense. In making estimates of fair values for purposes of allocating purchase price, the Company utilizes a number of sources, including independent appraisals that may be obtained in connection with the acquisition or financing of the respective property and other market data. The Company also considers information obtained about each property as a result of the Company's pre-acquisition due diligence in estimating the fair value of the tangible and intangible assets acquired and intangible liabilities assumed. Goodwill The Company evaluates goodwill for impairment at least annually or upon the occurrence of a triggering event. A triggering event is an event or circumstance that would more likely than not reduce the fair value of a reporting unit below its carrying amount. The Company performed a qualitative assessment to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying value. Based on our assessment we determined that the goodwill is not impaired as of December 31, 2016 . Cash and Cash Equivalents Cash and cash equivalents include cash in bank accounts as well as investments in highly-liquid money market funds with original maturities of three months or less. The Company deposits cash with high quality financial institutions. Deposits in the U.S. and other countries where we have deposits are guaranteed by the Federal Deposit Insurance Company ("FDIC") in the U.S., Financial Services Compensation Scheme ("FSCS") in the United Kingdom, Duchy Deposit Guarantee Scheme ("DDGS") in Luxembourg and by similar agencies in the other countries, up to insurance limits. The Company had deposits in the U.S., United Kingdom, Luxembourg, Germany, Finland, France and The Netherlands totaling $69.8 million at December 31, 2016 , of which $11.5 million , $12.9 million and $43.4 million are currently in excess of amounts insured by the FDIC, FSCS and European equivalent deposit insurance companies including DDGS, respectively. At December 31, 2015 , the Company had deposits in the U.S., United Kingdom, Luxembourg, Germany, Finland and The Netherlands totaling $69.9 million , of which $40.3 million , $11.4 million and $11.7 million were in excess of the amounts insured by the FDIC, FSCS and European equivalent deposit insurance companies including DDGS, respectively. Although the Company bears risk to amounts in excess of those insured, losses are not anticipated. Restricted Cash Restricted cash primarily consists of debt service and real estate tax reserves. The Company had restricted cash of $7.5 million and $3.3 million as of December 31, 2016 and 2015 , respectively. Deferred Costs, Net Deferred costs, net consists of deferred financing costs. Deferred financing costs represent commitment fees, legal fees, and other costs associated with obtaining commitments for financing. These costs are amortized over the terms of the respective financing agreements using the effective interest method. Unamortized deferred financing costs are expensed when the associated debt is refinanced or repaid before maturity. Costs incurred in seeking financial transactions that do not close are expensed in the period in which it is determined that the financing will not close. Share Repurchase Program Prior to April 7, 2015 , the Company had in place a Share Repurchase Program ("SRP), providing for limited repurchases of the Company's Common Stock. On April 7, 2015 , the Company's board of directors approved the termination of the Company’s SRP. The Company accounts for the purchase of capital stock under a method that is consistent with Maryland law (the state of Company's domicile), which does not contemplate treasury stock. Any capital stock reacquired for any purpose is recorded as a reduction of common stock (at $0.01 par value per share) and an increase in accumulated deficit. Dividend Reinvestment Plan Prior to April 7, 2015 , the Company had in place a DRIP, providing for reinvestment of dividends in the Company's Common Stock. Shares issued under the DRIP were recorded to equity in the accompanying consolidated balance sheets in the period dividends were declared. The Company’s DRIP was terminated effective December 19, 2016. Derivative Instruments The Company may use derivative financial instruments, including interest rate swaps, caps, options, floors and other interest rate derivative contracts, to hedge all or a portion of the interest rate risk associated with its borrowings. Certain of the Company's foreign operations expose the Company to fluctuations of foreign interest rates and exchange rates. These fluctuations may impact the value of the Company's cash receipts and payments in the Company's functional currency, the U.S. dollar ("USD"). 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 Company records all derivatives on the consolidated balance sheets at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. The accounting for subsequent changes in the fair value of these derivatives depends on whether each has been designed and qualifies for hedge accounting treatment. If the Company elects not to apply hedge accounting treatment, any changes in the fair value of these derivative instruments is recognized immediately in gains (losses) on derivative instruments in the consolidated statements of operations. If the derivative is designated and qualifies for as a cash flow hedge accounting treatment the change in the estimated fair value of the derivative is recorded in other comprehensive income (loss) in the consolidated statements of comprehensive income (loss) to the extent that it is effective. Any ineffective portion of a derivative's change in fair value will be immediately recognized in earnings. Share-Based Compensation The Company has a stock-based incentive award plan for its directors, which are accounted for under the guidance for employee share based payments. The cost of services received in exchange for a stock award is measured at the grant date fair value of the award and the expense for such awards is included in equity based compensation on consolidated statements of operations and is recognized over the vesting period or when the requirements for exercise of the award have been met (see Note 13 — Share-Based Compensation ). Income Taxes The Company qualified to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the "Code"), beginning with the taxable year ended December 31, 2013. Commencing with such taxable year, the Company was organized to operate in such a manner as to qualify for taxation as a REIT under the Code. The Company intends to continue to operate in such a manner to continue to qualify for taxation as a REIT, but no assurance can be given that it will operate in a manner so as to remain qualified as a REIT. As a REIT, the Company generally will not be subject to federal corporate income tax to the extent it distributes annually all of its REIT taxable earnings. REIT's are subject to a number of other organizational and operational requirements. The Company conducts business in various states and municipalities within the U.S. (including Puerto Rico), United Kingdom and continental Europe and, as a result, the Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction and various state and certain foreign jurisdictions. As a result, the Company may be subject to certain federal, state, local and foreign taxes on our income and assets, including alternative minimum taxes, taxes on any undistributed income and state, local or foreign income, franchise, property and transfer taxes. Any of these taxes decrease Company's earnings and available cash. In addition, Company's international assets and operations, including those designated as direct or indirect qualified REIT subsidiaries or other disregarded entities of a REIT, continue to be subject to taxation in the foreign jurisdictions where those assets are held or those operations are conducted. During the period from July 13, 2011 (date of inception) to December 31, 2012, the Company elected to be taxed as a corporation, pursuant to which income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recorded for the future tax consequences attributable to differences between the financial statement carrying amounts and income tax basis of assets and liabilities and the expected benefits of utilizing net operating loss and tax credit carryforwards, using expected tax rates in effect for each taxing jurisdiction in which the Company operates for the year in which those temporary differences are expected to be recovered or settled. The Company recognizes the financial statement effects of a tax position when it is more-likely-than-not, based on technical merits, that the position will be sustained upon examination. Because, the Company elected and qualified to be taxed as a REIT commencing with the taxable year ended December 31, 2013, it did not anticipate that any applicable deferred tax assets or liabilities will be realized. Significant judgment is required in determining the Company's tax provision and in evaluating its tax positions. The Company establishes tax reserves based on a benefit recognition model, which the Company believes could result in a greater amount of benefit (and a lower amount of reserve) being initially recognized in certain circumstances. Provided that the tax position is deemed more likely than not of being sustained, the Company recognizes the largest amount of tax benefit that is greater than 50 percent likely of being ultimately realized upon settlement. The Company derecognizes the tax position when the likelihood of the tax position being sustained is no longer more likely than not. The Company recognizes deferred income taxes in certain of its subsidiaries taxable in the U.S. or in foreign jurisdictions. Deferred income taxes are generally the result of temporary differences (items that are treated differently for tax purposes than for GAAP purposes). In addition, deferred tax assets arise from unutilized tax net operating losses, generated in prior years. The Company provides a valuation allowance against its deferred income tax assets when it believes that it is more likely than not that all or some portion of the deferred income tax asset may not be realized. Whenever a change in circumstances causes a change in the estimated realizability of the related deferred income tax asset, the resulting increase or decrease in the valuation allowance is included in deferred income tax expense (benefit). The Company derives most of its REIT income from its real estate operations in the U.S.. As such, the Company's real estate operations are generally not subject to federal tax, and accordingly, no provision has been made for U.S. federal income taxes in the consolidated financial statements for these operations. These operations may be subject to certain state, local, and foreign taxes, as applicable. The Company's deferred tax assets and liabilities are primarily the result of temporary differences related to the following: • Basis differences between tax and GAAP for certain international real estate investments. For income tax purposes, in certain acquisitions, the Company assumes the seller’s basis, or the carry-over basis, in the acquired assets. The carry-over basis is typically lower than the purchase price, or the GAAP basis, resulting in a deferred tax liability with an offsetting increase to goodwill or the acquired tangible or intangible assets; • Timing differences generated by differences in the GAAP basis and the tax basis of assets such as those related to capitalized acquisition costs and depreciation expense; and • Tax net operating losses in certain subsidiaries, including those domiciled in foreign jurisdictions that may be realized in future periods if the respective subsidiary generates sufficient taxable income. The Company’s current income tax provision for the years ended December 31, 2016 , 2015 and 2014 was $2.5 million , $5.1 million and $0.7 million , respectively. The Company’s deferred income tax provision (benefit) for the years ended December 31, 2016 , 2015 , and 2014 was $1.9 million , $0.8 million , and $(2.1) million , respectively. Deferred tax assets are net of a valuation allowance in the amounts of $2.4 million and $4.3 million as of December 31, 2016 and 2015 , respectively. The Company recognizes current income tax expense for state and local income taxes and taxes incurred in its foreign jurisdictions. The Company's current income tax expense fluctuates from period to period based primarily on the timing of its taxable income. For the years ended December 31, 2016 and 2015 , the Company recognized an income tax expense of $4.4 million and $5.9 million , respectively. Deferred income tax (expense) benefit is generally a function of the period’s temporary differences and the utilization of net operating losses generated in prior years that had been previously recognized as deferred income tax assets from state and local taxes in the U.S. or in foreign jurisdictions. The amount of dividends payable to the Company's stockholders is determined by the board of directors and is dependent on a number of factors, including funds available for distributions, financial condition, capital expenditure requirements, as applicable, and annual dividend requirements needed to qualify and maintain the Company's status as a REIT under the Code. Foreign Currency Translation The Company's reporting currency is the USD. The functional currency of the Company's foreign operations is the applicable local currency for each foreign subsidiary. Assets and liabilities of foreign subsidiaries (including intercompany balances for which settlement is not anticipated in the foreseeable future) are translated at the spot rate in effect at the applicable reporting date. The amounts reported in the consolidated statements of operations are translated at the average exchange rates in effect during the applicable period. The resulting unrealized cumulative translation adjustment is recorded as a component of accumulated other comprehensive income (loss) in the consolidated statements of equity. Per Share Data The Company calculates basic earnings per share of Common Stock by dividing net income (loss) for the period by weighted-average shares of its Common Stock outstanding for a respective period. Diluted income per share takes into account the effect of dilutive instruments such as unvested restricted stock, long term incentive plan ("LTIP") units and OP units, based on the average share price for the period in determining the number of incremental shares that are to be added to the weighted-average number of shares outstanding (see Note 14 — Earnings Per Share ). Reportable Segments The Company determined that it has one reportable segment, with activities related to investing in real estate. The Company’s investments in real estate generate rental revenue and other income through the leasing of properties, which comprise 100% of total consolidated revenues. Management evaluates the operating performance of the Company’s investments in real estate on an individual property level. The Company owns and invests in commercial properties principally in the U.S., United Kingdom, and continental Europe, that are then leased to companies, primarily on a triple-net lease basis. The Company earns lease revenues from its wholly-owned real estate investments. The Company’s portfolio was comprised of full ownership interests in 310 properties, substantially all of which were net leased to 95 tenants, with an occupancy rate of 100% , and totaled approximately 22.0 million square feet. The Company evaluates its results from operations in one reportable segment by its local currency. Other than the U.S. and United Kingdom, no country or tenant individually comprised more than 10% of the Company’s total lease revenues, or total long lived-assets at December 31, 2016 . The following tables present the geographic information: Year Ended December 31, (In thousands) 2016 2015 2014 Revenues: United States $ 133,315 $ 130,598 $ 65,651 United Kingdom 37,263 40,830 18,199 Europe (Finland, France, Germany, Luxembourg, and the Netherlands) 43,596 33,904 9,533 Total $ 214,174 $ 205,332 $ 93,383 As of December 31, (In thousands) 2016 2015 Investments in Real Estate: United States $ 1,542,958 $ 1,610,720 United Kingdom 571,246 441,586 Europe (Finland, France, Germany, Luxembourg, and the Netherlands) 817,491 493,998 Total $ 2,931,695 $ 2,546,304 Reclassifications Reclassifications have been made to the 2014 and 2015 consolidated financial statements to conform to the current period presentation. Revision to previously issued financial statements During the six months ended June 30, 2016, the Company identified errors in the preparation of its consolidated statements of comprehensive income (loss) and consolidated statement of changes in equity since 2014 which impacted the quarterly financial statements for the periods ended March 31, June 30 and September 30, 2015 and 2014 and the years ended December 31, 2015 and 2014. Specifically, the Company had been reflecting the fair value adjustments for its cross currency derivatives designated as net investment hedges on its foreign investments as part of “Designated derivatives - fair value adjustments” within Other Comprehensive Income ("OCI") rather than treating them as part of “Cumulative translation adjustments” also in OCI consistent with the treatment of the hedged item as required by ASC 815. The Company concluded that the errors noted above were not material to any historical periods presented. However, in order to correctly present the cumulative translation adjustment and designated derivatives, fair value adjustment in the appropriate period, management revised previously issued financial statements. The Company will revise its future presentations of OCI when the periods are refiled in first quarter of 2017 for comparative purposes. The effects of these revisions are summarized below: (In thousands) As originally Rep

Merger Transaction

Merger Transaction	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Merger Transaction	Merger Transaction Pursuant to the Merger Agreement, each outstanding share of Global II's common stock, including restricted shares of common stock, par value $0.01 per share ("Global II Common Stock"), other than shares owned by the Company, any subsidiary of the Company or any wholly owned subsidiary of Global II, was converted into the right to receive 2.27 shares of Common Stock of the Company, par value $0.01 per share (such consideration, the “Stock Merger Consideration”), and each outstanding unit of limited partnership interest and Class B interest of the Global II OP (collectively, “Global II OP Units”) was converted into the right to receive 2.27 shares of Company Common Stock (the “Partnership Merger Consideration” and, together with the Stock Merger Consideration, the “Merger Consideration”), in each case with cash paid in lieu of fractional shares. In addition, as provided in the Merger Agreement, all outstanding restricted stock of Global II became fully vested and entitled to receive the Merger Consideration. The Company issued 28.7 million of Company Common Shares as consideration in the Merger. Based upon the closing price of the shares of Company Common Stock of $7.70 on December 21, 2016 , as reported on the NYSE, and the number of shares of Global II Common Stock outstanding, including unvested restricted shares and OP Units, net of any fractional shares on December 21, 2016 , the aggregate fair value of the Merger Consideration paid to former holders of Global II Common Stock and former holders of units of Global II OP Units was $220.9 million . On December 22, 2016 (the "Merger Date"), pursuant to the Merger Agreement, Global II merged with and into the Merger Sub. In addition, Global II OP, merged with the OP (see Note 1 — Organization for details). The fair value of the consideration transferred for the Mergers totaled $220.9 million and consisted of the following: As of Mergers Date Fair value of consideration transferred: Cash $ — Common stock 220,868 Total consideration transferred $ 220,868 Accounting Treatment of the Mergers The Mergers are accounted for under the acquisition method for business combinations pursuant to GAAP, with GNL as the accounting acquirer of Global II. The consideration to be transferred by GNL to acquire Global II establishes a new accounting basis for the assets acquired, liabilities assumed and any non-controlling interests, measured at their respective fair value as of the Merger Date. To the extent fair value of the Merger Consideration exceeds fair value of net assets acquired, any such excess represents goodwill. Alternatively, if fair value of net assets acquired exceeds fair value of the Merger Consideration, the transaction could result in a bargain purchase gain that is recognized immediately in earnings and attributable to GNL common stockholders. Adjustments to estimated fair value of identifiable assets and liabilities of Global II, as well as adjustments to the Merger Consideration may change the determination and amount of goodwill and/or bargain purchase gain and may impact depreciation, amortization and accretion based on revised fair value of assets acquired and liabilities assumed. The actual value of the Merger Consideration is based upon the market price of the GNL common stock at the time of closing of the Merger. Allocation of Consideration The consideration transferred pursuant to the Merger was allocated to the assets acquired and liabilities assumed for Global II, based upon their estimated fair values as of the Merger Date. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed, including all measurement period adjustments, at the Merger Date. (Dollar amounts in thousands) Global II Total consideration: Fair value of Company's shares of common stock issued, net of fractional shares $ 220,868 Assets Acquired at Fair Value Land 70,880 Buildings, fixtures and improvements 392,247 Acquired intangible lease assets 111,221 Total real estate investments, at fair value 574,348 Restricted cash 7,575 Derivatives, at fair value 21,808 Prepaid expenses and other assets 1,317 Related party notes receivable acquired in Merger 5,138 Due from related parties 1,463 Deferred tax assets 376 Goodwill and other intangible assets, net 10,977 Total Assets Acquired at Fair Value 623,002 Liabilities Assumed at Fair Value Mortgage notes payable 279,032 Mortgage (discount) premium, net (2,724 ) Mezzanine facility 107,047 Mezzanine discount, net (26 ) Acquired intangible lease liabilities, net 8,930 Derivatives, at fair value 3,911 Accounts payable and accrued expenses 7,212 Prepaid rent 6,001 Deferred tax liability 10,071 Taxes payable 1,661 Dividend payable 2 Total Liabilities Assumed at Fair Value 421,117 Net assets acquired excluding cash 201,885 Cash acquired on acquisition $ 18,983 The allocations in the table above from land, buildings and fixtures and improvements, acquired intangible lease assets and liabilities, have been provisionally assigned to each class of assets and liabilities, pending final confirmation from the third party specialist for the Merger acquisitions acquired on the Merger Date. See Note 4 — Real Estate Investments, Net for pro forma disclosures relating to the Global II Merger and other property acquisitions during the years ended in 2015 and 2014 . Acquired Related Party Receivable On December 16, 2016, Global II entered into a letter agreement (the “Letter Agreement”) with American Realty Capital Global II Advisors, LLC (“Global II Advisor”), and AR Global, the parent of the Global II Advisor, pursuant to which the Global II Advisor agreed to reimburse Global II $6.3 million in organization and offering costs incurred by Global II in its IPO (the “Global II IPO”) that exceeded 2.0% of gross offering proceeds in the Global II IPO (the “Excess Amount”). Global II's IPO was suspended in November 2015 and lapsed in accordance with its terms in August 2016. The Letter Agreement was negotiated on behalf of Global II, and approved, by the independent directors of Global II. The Letter Agreement provided for reimbursement of the Excess Amount to Global II through (1) the tender of 66,344 Class B Units of limited partnership interest of Global II’s OP ("Global II Class B Units"), previously issued to the Global II Advisor as payment in lieu of cash for its provision of asset management services, and (2) the payment of the balance of the Excess Amount in equal cash installments over an eight month period. The value of the Excess Amount was determined using a valuation for each Global II Class B Unit based on 2.27 times the 30 -day volume weighted average price of each share of of Company Stock on the Merger Date. Upon consummation of the Merger, Class B Units were tendered to the Company and the balance of the excess amount of $5.1 million is payable in eight equal monthly installments beginning on January 15, 2017 . Such receivable was acquired by the company in the Merger. AR Global has unconditionally and irrevocably guaranteed Global II Advisor’s obligations to repay the monthly installments.

Real Estate Investments, Net

Real Estate Investments, Net	12 Months Ended
	Dec. 31, 2016
Real Estate [Abstract]
Real Estate Investments, Net	Real Estate Investments, Net Property Acquisitions The following table presents the allocation of the assets acquired and liabilities assumed during the years ended December 31, 2015 and 2014 based on contract purchase price, excluding acquisition related costs, based on the exchange rate at the time of purchase. The Company has acquired 15 properties as part of business acquisition of Global II during the year ended December 31, 2016 . Year Ended December 31 (Dollar amounts in thousands) 2015 2014 Real estate investments, at cost: Land $ 23,865 $ 288,376 Buildings, fixtures and improvements 192,052 1,450,862 Total tangible assets 215,917 1,739,238 Intangibles acquired: In-place leases 44,241 418,419 Above market lease assets 1,007 26,711 Below market lease liabilities (7,449 ) (17,513 ) Below market ground lease assets 3,363 901 Above market ground lease liabilities (2,071 ) — Goodwill — 3,665 Total assets acquired, net 255,008 2,171,421 Mortgage notes payable used to acquire real estate investments (31,933 ) (217,791 ) Credit facility borrowings used to acquire real estate investments — (446,558 ) Cash paid for acquired real estate investments $ 223,075 $ 1,507,072 Number of properties purchased 22 270 Proforma Information As described in Note 3 — Merger Transaction , the following table presents unaudited pro forma information as if the Company's Merger and acquisition in 2016 of Global II were completed on January 1, 2015 . Additionally, the unaudited pro forma net income (loss) attributable to stockholders was adjusted to exclude acquisition and transaction related expense of $9.8 million for the year ended December 31, 2016 to the year ended December 31, 2015 . Such acquisition and transaction related expenses have been reflected in the year ended December 31, 2015 as if such acquisition costs had been consummated on January 1, 2015 . Year Ended December 31, (In thousands) 2016 2015 Pro forma revenues $ 258,919 $ 265,933 Pro forma net income (loss) $ 42,510 $ (15,367 ) Pro forma basic and diluted net income (loss) per share $ 0.25 $ (0.09 ) Dispositions As of December 31, 2016 and 2015 , the Company did not have any properties that are classified as assets held for sale. The Company did not sell any real estate assets during the year ended December 31, 2015 . During the year ended December 31, 2016 , the Company sold 34 properties pursuant to the Company's asset recycling plan for a total contract sales price of $110.4 million and gains on sale of $14.3 million . Such gains are reflected within gains on dispositions of real estate investments in the consolidated statements of operations for the year ended December 31, 2016 and exclude $0.9 million Gain Fee payable to the Advisor (see Note 11 — Related Party Transactions for details). The following table summarizes the aforementioned properties sold. Portfolio State Disposition Date Number of Properties Square Feet Properties Sold Fresenius II Georgia September 2, 2016 1 6,192 Garden Ridge North Carolina September 29, 2016 1 119,258 Dollar General Ohio September 29, 2016 1 9,026 Dollar General - Choctaw Oklahoma October 13, 2016 1 9,100 Dollar Tree - 8-Pack Florida October 13, 2016 8 63,510 Dollar General - Allentown Pennsylvania October 25, 2016 1 9,026 Dollar General - Uniontown Pennsylvania October 27, 2016 1 9,014 Dollar General - 15-Pack (3) October 28, 2016 15 145,938 Fresenius I South Carolina November 2, 2016 1 10,155 Garden Ridge Texas November 21, 2016 1 140,381 Hotel Winston The Netherlands December 15, 2016 1 24,283 Garden Ridge Arizona December 20, 2016 1 143,271 Garden Ridge Kentucky December 20, 2016 1 162,000 Total 34 851,154 (1) The Company has used the proceeds to pay down portion of mezzanine facility, credit facility and paid off a secondary mortgage loan on DB Luxembourg. (2) Consists of properties sold in Pennsylvania, Ohio and Oklahoma. Intangible Lease Assets and Lease Liabilities Acquired intangible lease assets and lease liabilities consist of the following: December 31, (In thousands) 2016 2015 Intangible assets: In-place leases, net of accumulated amortization of $99,355 and $61,857 at December 31, 2016 and 2015, respectively $ 419,472 $ 426,434 Above-market leases, net of accumulated amortization of $5,040 and $3,279 at December 31, 2016 and 2015, respectively 33,773 22,322 Below-market ground leases, net of accumulated amortization of $339 and $115 at December 31, 2016, and 2015, respectively 29,082 4,287 Total intangible lease assets, net $ 482,327 $ 453,043 Intangible liabilities: Below-market leases, net of accumulated amortization of $5,621 and $3,296 at December 31, 2016 and 2015, respectively $ 31,175 $ 25,984 Above-market ground leases, net of accumulated amortization of $72 and $15 at December 31, 2016 and 2015, respectively 1,866 $ 1,994 Total intangible lease liabilities, net $ 33,041 $ 27,978 Projected Amortization for intangible lease assets and liabilities The following table provides the weighted-average amortization periods as of December 31, 2016 for intangible assets and liabilities and the projected amortization expense and adjustments to revenues and property operating expense for the next five calendar years: (In thousands) Weighted-Average Amortization Years 2017 2018 2019 2020 2021 In-place leases 10.4 $ 50,728 $ 50,728 $ 50,728 $ 50,568 $ 49,366 Total to be included in depreciation and amortization $ 50,728 $ 50,728 $ 50,728 $ 50,568 $ 49,366 Above-market lease assets 14.9 $ 4,122 $ 4,122 $ 4,122 $ 4,122 $ 4,122 Below-market lease liabilities 13.1 (3,536 ) (3,536 ) (3,536 ) (3,511 ) (3,235 ) Total to be included in rental income $ 586 $ 586 $ 586 $ 611 $ 887 Below-market ground lease assets 79.8 $ 3,154 $ 3,154 $ 3,154 $ 3,154 $ 3,154 Above-market ground lease liabilities 32.7 (57 ) (57 ) (57 ) (57 ) (57 ) Total to be included in property operating expense $ 3,097 $ 3,097 $ 3,097 $ 3,097 $ 3,097 Future Minimum Rents The following presents future minimum base rental cash payments due to the Company during the next five calendar years and thereafter as of December 31, 2016 . These amounts exclude contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indices among other items. (In thousands) Future Minimum Base Rent Payments (1) 2017 $ 224,273 2018 229,591 2019 232,458 2020 235,259 2021 233,180 Thereafter 1,015,463 Total $ 2,170,224 (1) Based on the exchange rate as of December 31, 2016 . There were no tenants whose annualized rental income on a straight-line basis represented 10% or greater of consolidated annualized rental income on a straight-line basis for all properties as of December 31, 2016 , 2015 and 2014 . The termination, delinquency or non-renewal of leases by any major tenant may have a material adverse effect on revenues. Geographic Concentration 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 December 31, 2016 , 2015 and 2014 . December 31, Country 2016 2015 2014 Germany * * 10.9% United Kingdom 21.9% 19.2% 22.0% United States: Texas * 11.5% 10.4% ___________________________________________ * Geography's annualized rental income on a straight-line basis was not greater than 10% of total annualized rental income for all portfolio properties as of the period specified.

Credit Borrowings

Credit Borrowings	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Credit Borrowings	Credit Borrowings On July 25, 2013 , the Company, through the OP, entered into a credit facility (the "Credit Facility") that provided for aggregate revolving loan borrowings of up to $50.0 million (subject to borrowing base availability). The Credit Facility has been amended at various times, and maximum borrowings have increased to $740.0 million , with the most recent increase being on August 24, 2015. The Company had $616.6 million (including £177.2 million and €258.9 million ) and $717.3 million (including £160.2 million and €288.4 million ) outstanding under the Credit Facility as of December 31, 2016 and 2015 , respectively. Availability of borrowings is based on a pool of eligible unencumbered real estate assets. On July 25, 2016 the Company extended the maturity date of the Credit Facility to July 25, 2017 , for an extension fee of $1.5 million . There is an additional one -year extension option remaining, subject to certain conditions. The Company has the option, based upon its consolidated leverage ratio, to have draws under the Credit Facility priced at either the Alternate Base Rate (as described below) plus 0.60% to 1.20% or at Adjusted LIBOR (as described below) plus 1.60% to 2.20% . The Alternate Base Rate is defined in the Credit Facility 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 half 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 Facility 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. As of December 31, 2016 , the Credit Facility reflected variable and fixed rate borrowings with a carrying value and fair value of $616.6 million , and a weighted average effective interest rate of 2.4% after giving effect to interest rate swaps in place. The unused borrowing capacity under the Credit Facility as of December 31, 2016 and 2015 was $113.0 million and $22.7 million , respectively. The Credit Facility 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 extended maturity date in July 2017. The Credit Facility agreement 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 Facility agreement and to accelerate the payment on any unpaid principal amount of all outstanding loans. The Credit Facility requires the Company to meet certain financial covenants, including the maintenance of certain financial ratios (such as specified debt to equity and debt service coverage ratios) as well as the maintenance of a minimum net worth. As of December 31, 2016 , the Company was in compliance with the financial covenants under the Credit Facility. A portion of foreign currency draws under the Credit Facility are designated as net investment hedges of the Company's investments during the periods reflected in the consolidated statements of operations (see Note 8 — Derivatives and Hedging Activities for further discussion). Bridge Loan Facility On August 8, 2016, in connection with the execution of the Merger Agreement, the OP entered into a bridge loan commitment letter, pursuant to which UBS Securities LLC and UBS AG, Stamford Branch agreed to provide a $150.0 million senior secured bridge loan facility (the "Bridge Loan Facility") for a term of 364 days from date of the merger transaction. Amounts drawn on the Bridge Loan Facility are subject to interest at LIBOR plus 3.25% per annum with a minimum floor of 4.00% . The margin rate of 3.25% per annum will increase by 0.75% 90 days after the date of funding and increases by 0.75% every 90 days thereafter with a maximum increase rate of 2.25% . The Bridge Loan Facility requires a 1.50% fee of the commitment amount upon execution and a fee equal to 0.375% of the commitments 180 days after signing. The Bridge Loan Facility is subject to a duration fee of 1.0% on outstanding draws 90 days after the date of funding. In addition, the Bridge Loan Facility requires a repayment fee of 0.5% on repayments made within 30 days of funding and a repayment fee of 1.0% fee on repayments made after 30 days after funding. The Bridge Loan Facility is subject to cross default provisions with the Company’s Credit Facility. Upon closing of the Merger, the Company did not exercise its rights under the bridge loan commitment letter and as a result thereof the bridge loan commitment was automatically terminated at the Merger. Mezzanine Facility In connection with the Merger, the Company assumed the mezzanine loan agreement (the "Mezzanine Facility") with an estimated aggregate fair value of $107.0 million . The Mezzanine Facility, that provided for aggregate borrowings up to €128.0 million ( $134.7 million based upon an exchange rate as of December 31, 2016 ) subject to certain conditions. The Mezzanine Facility bears interest at 8.25% per annum, payable quarterly, and is scheduled to mature on August 13, 2017 . The creditors can offer leverage up to 82.5% of the net purchase price of the collateral properties. If the actual leverage of the Borrower exceeds 77.5% of net purchase price of the collateral properties, the interest rate for the loan shall be 8.50% . The Mezzanine Facility is secured by first-priority ranking of the shares of the Borrower, and all of the Borrower's unencumbered country holding vehicles. The Mezzanine Facility is also cross-collateralized by pledges of the direct or indirect ownership of the Company in all the related personal property, reserves, and a pledge of shareholder loans and receivables to the extent not already pledged to senior lenders. The Mezzanine Facility may be prepaid at any time during the term. The outstanding amount of the Mezzanine Facility was $55.4 million (including €52.7 million ) as of December 31, 2016 . The Company has no unused borrowing capacity under the Mezzanine Facility as of December 31, 2016 . The Mezzanine Facility will either need to be extended, refinanced or repaid by August 2017 using the proceeds from property sales or other potential source of capital. See Item 7. — Liquidity and Capital Resources for further discussion. All non-functional currency draws under the Mezzanine Facility are designated as net investment hedges (see Note 8 — Derivatives and Hedging Activities for further discussion). The total gross carrying value of unencumbered assets as of December 31, 2016 is $1.5 billion .

Mortgage Notes Payable

Mortgage Notes Payable	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Mortgage Notes Payable	Mortgage Notes Payable Mortgage notes payable as of December 31, 2016 and 2015 consisted of the following: Encumbered Properties Outstanding Loan Amount (1) Effective Interest Rate Interest Rate Country Portfolio December 31, 2016 December 31, 2015 Maturity (In thousands) (In thousands) Finland: Finnair 4 $ 29,878 $ 30,976 2.2% (2) Fixed Sep. 2020 Tokmanni 1 30,483 31,603 2.4% (2) Fixed Oct. 2020 France: Auchan (5) 1 8,732 — 1.7% (2) Fixed Dec. 2019 Pole Emploi (5) 1 6,102 — 1.7% (2) Fixed Dec. 2019 Sagemcom (5) 1 37,768 — 1.7% (2) Fixed Dec. 2019 Worldline (5) 1 5,260 — 1.9% (2) Fixed Jul. 2020 DCNS (5) 1 9,994 — 1.5% (2) Fixed Dec. 2020 ID Logistics II (5) 2 11,046 — 1.3% Fixed Jun. 2021 Germany Rheinmetall 1 11,152 11,561 2.6% (2) Fixed Jan. 2019 OBI DIY 1 4,734 4,908 2.4% Fixed Jan. 2019 RWE AG 3 65,753 68,169 1.6% (2) Fixed Oct. 2019 Rexam 1 5,534 5,737 1.8% (2) Fixed Oct. 2019 Metro Tonic 1 27,879 28,904 1.7% (2) Fixed Dec. 2019 ID Logistics I (5) 1 4,208 — 1.0% Fixed Oct. 2021 Luxembourg: DB Luxembourg (5) 1 37,873 — 1.4% (2) Fixed May 2020 The Netherlands: ING Amsterdam (5) 1 46,290 — 1.7% (2) Fixed Jun. 2020 Total EUR denominated 22 342,686 181,858 United Kingdom: McDonald's 1 938 1,125 4.1% (2) Fixed Oct. 2017 Wickes Building Supplies I 1 2,402 2,882 3.7% (2) Fixed May 2018 Everything Everywhere 1 4,936 5,922 4.0% (2) Fixed Jun. 2018 Thames Water 1 7,405 8,882 4.1% (2) Fixed Jul. 2018 Wickes Building Supplies II 1 2,036 2,443 4.2% (2) Fixed Jul. 2018 Northern Rock 2 6,479 7,772 4.4% (2) Fixed Sep. 2018 Wickes Building Supplies III 1 2,345 2,813 4.3% (2) Fixed Nov. 2018 Provident Financial 1 15,735 18,875 4.1% (2) Fixed Feb. 2019 Crown Crest 1 23,757 28,498 4.2% (2) Fixed Feb. 2019 Aviva 1 19,376 23,242 3.8% (2) Fixed Mar. 2019 Bradford & Bingley 1 9,330 11,192 3.5% (2) Fixed May 2020 Intier Automotive Interiors 1 5,831 6,995 3.5% (2) Fixed May 2020 Capgemini 1 6,788 8,142 3.2% (2) Fixed Jun. 2020 Fujitsu 3 30,581 36,684 3.2% (2) Fixed Jun. 2020 Amcor Packaging 7 3,858 4,628 3.5% (2) Fixed Jul. 2020 Fife Council 1 2,263 2,715 3.5% (2) Fixed Jul. 2020 Malthrust 3 3,949 4,737 3.5% (2) Fixed Jul. 2020 Talk Talk 1 4,721 5,663 3.5% (2) Fixed Jul. 2020 HBOS 3 6,652 7,979 3.5% (2) Fixed Jul. 2020 DFS Trading 5 12,513 15,010 3.4% (2) Fixed Aug. 2020 DFS Trading 2 2,930 3,514 3.4% (2) Fixed Aug. 2020 HP Enterprise Services 1 11,461 13,748 3.4% (2) Fixed Aug. 2020 Foster Wheeler 1 48,501 — 2.6% (2) Fixed Oct. 2018 Harper Collins 1 34,648 — 3.4% (2) Fixed Oct. 2019 NCR Dundee 1 6,960 — 2.9% (2) Fixed Apr. 2020 Total GBP denominated 43 276,395 223,461 United States: Quest Diagnostics 1 52,800 52,800 2.7% (3) Variable Sep. 2018 Western Digital 1 17,682 17,982 5.3% Fixed Jul. 2021 AT&T Services 1 33,550 33,550 2.8% (4) Variable Dec. 2020 FedEx Freight (5) 1 6,165 — 4.5% Fixed Jun. 2021 Veolia Water (5) 1 4,110 — 4.5% Fixed Jun. 2021 Puerto Rico: Encanto Restaurants 18 21,599 22,057 6.3% Fixed Jun. 2017 Total USD denominated 23 135,906 126,389 Gross mortgage notes payable 88 754,987 531,708 2.7% Deferred financing costs, net of accumulated amortization — (5,103 ) (7,446 ) —% Mortgage notes payable, net of deferred financing costs 88 $ 749,884 $ 524,262 2.7% _________________________ (1) Amounts borrowed in local currency and translated at the spot rate as of respective date. (2) Fixed as a result of an interest rate swap agreement. (3) The interest rate is 2.0% plus 1-month LIBOR. (4) The interest rate is 2.0% plus 1- month Adjusted LIBOR as defined in the mortgage agreement. (5) New mortgages acquired as part of the Merger on the Merger Date. In connection with the Global II Merger, the OP assumed the outstanding gross mortgage notes payable with an estimated aggregate fair value of $279.0 million at the Merger Date or carrying value of $267.7 million at December 31, 2016 . The following table presents future scheduled aggregate principal payments on the mortgage notes payable over the next five calendar years and thereafter as of December 31, 2016 : (In thousands) Future Principal Payments (1) 2017 $ 22,857 2018 127,241 2019 261,523 2020 301,537 2021 41,829 Thereafter — Total $ 754,987 _________________________ (1) Based on the exchange rate as of December 31, 2016 . The Company's mortgage notes payable agreements require compliance with certain property-level financial covenants including debt service coverage ratios. As of December 31, 2016 and 2015 , the Company was in compliance with financial covenants under its mortgage notes payable agreements.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2016
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 and those inputs are significant. 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 December 31, 2016 and 2015 , 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. 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 December 31, 2016 and 2015 , aggregated by the level in the fair value hierarchy level within which those instruments fall. (In thousands) Quoted Prices in Active Markets Significant Other Observable Inputs Significant Unobservable Inputs Total December 31, 2016 Cross currency swaps, net (GBP & EUR) $ — $ 21,179 $ — $ 21,179 Foreign currency forwards, net (GBP & EUR) $ — $ 6,998 $ — $ 6,998 Interest rate swaps, net (GBP & EUR) $ — $ (15,457 ) $ — $ (15,457 ) Put options (GBP & EUR) $ — $ 523 $ — $ 523 OPP (see Note 13 ) $ — $ — $ (13,400 ) $ (13,400 ) December 31, 2015 Cross currency swaps, net (GBP & EUR) $ — $ 3,042 $ — $ 3,042 Foreign currency forwards, net (GBP & EUR) $ — $ 2,203 $ — $ 2,203 Interest rate swaps, net (GBP & EUR) $ — $ (5,461 ) $ — $ (5,461 ) OPP (see Note 13 ) $ — $ — $ (14,300 ) $ (14,300 ) The valuation of the OPP is determined using a Monte Carlo simulation. This analysis reflects the contractual terms of the OPP, including the performance periods and total return hurdles, as well as observable market-based inputs, including interest rate curves, and unobservable inputs, such as expected volatility. As a result, the Company has determined that its OPP valuation in its entirety is classified in Level 3 of the fair value hierarchy. 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 years ended December 31, 2016 or 2015 . Level 3 Valuations The following is a reconciliation of the beginning and ending balance for the changes in instruments with Level 3 inputs in the fair value hierarchy for the year ended December 31, 2016 : (In thousands) OPP Beginning balance as of December 31, 2015 $ 14,300 Fair value adjustment (900 ) Ending balance as of December 31, 2016 $ 13,400 The following table provides quantitative information about the significant Level 3 inputs used (in thousands): Financial Instrument Fair Value at December 31, 2016 Principal Valuation Technique Unobservable Inputs Input Value (In thousands) OPP $ 13,400 Monte Carlo Simulation Expected volatility 28.0% The following discussion provides a description of the impact on a fair value measurement of a change in each unobservable input in isolation. For the relationship described below, the inverse relationship would also generally apply. Expected volatility is a measure of the variability in possible returns for an instrument, parameter or market index given how much the particular instrument, parameter or index changes in value over time. Generally, the higher the expected volatility of the underlying, the wider the range of potential future returns. An increase in expected volatility, in isolation, would generally result in an increase in the fair value measurement of an instrument. 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 to/from affiliates, accounts payable and dividends 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 December 31, December 31, December 31, December 31, Mortgage notes payable (1) (2) 3 $ 752,484 $ 747,870 $ 532,384 $ 534,041 Credit facility 3 $ 616,614 $ 616,614 $ 717,286 $ 717,286 Mezzanine facility (3) 3 $ 55,383 $ 55,400 $ — $ — _____________________________ (1) Carrying value includes $752.5 million gross mortgage notes payable and $2.5 million mortgage discounts, net as of December 31, 2016 . (2) Carrying value includes $531.7 million gross mortgage notes payable and $0.7 million mortgage premiums, net as of December 31, 2015 . (3) Carrying value includes $55.4 million Mezzanine Facility and $17,000 mezzanine discounts, net as of December 31, 2016 . The fair value of the gross mortgage notes payable is estimated using a discounted cash flow analysis, based on the Advisor's experience with similar types of borrowing arrangements. On July 25, 2016 the Company extended the maturity date of the Credit Facility to July 25, 2017 , with an additional one -year extension option remaining, subject to certain conditions. Advances under the Credit Facility are considered to be reported at fair value due to the short-term nature of the maturity. The Mezzanine Facility carries a fixed interest rate and as such advances under the Mezzanine Facility are considered to approximate fair value.

Derivative and Hedging Activiti

Derivative and Hedging Activities	12 Months Ended
	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities Risk Management Objective 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 USD. 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 and currency 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. The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the consolidated balance sheets as of December 31, 2016 and 2015 : December 31, (In thousands) Balance Sheet Location 2016 2015 Derivatives designated as hedging instruments: Interest rate swaps (GBP) Derivative assets, at fair value $ — $ 567 Foreign currency forwards (EUR-USD) Derivative assets, at fair value 972 — Cross currency swaps (EUR) Derivative assets, at fair value 3,003 — Cross currency swaps (GBP) Derivative assets, at fair value 16,868 — Interest rate swaps (GBP) Derivative liabilities, at fair value (8,595 ) (3,313 ) Interest rate swaps (EUR) Derivative liabilities, at fair value (4,262 ) (2,715 ) Total $ 7,986 $ (5,461 ) Derivatives not designated as hedging instruments: Foreign currency forwards (GBP-USD) Derivative assets, at fair value $ 3,918 $ 1,090 Foreign currency forwards (EUR-USD) Derivative assets, at fair value 2,108 1,113 Put options (GBP) Derivative assets, at fair value 131 — Put options (EUR) Derivative assets, at fair value 392 — Interest rate swaps (EUR) Derivative liabilities, at fair value (2,600 ) — Cross currency swaps (GBP) Derivative assets, at fair value 477 509 Cross currency swaps (EUR) Derivative assets, at fair value 831 2,533 Total $ 5,257 $ 5,245 The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of December 31, 2016 and 2015 . The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the accompanying consolidated balance sheets. Gross Amounts Not Offset on the Balance Sheet (In thousands) Gross Amounts of Recognized 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 December 31, 2016 $ 28,700 $ (15,457 ) $ — $ 13,243 $ — $ — $ 13,243 December 31, 2015 $ 5,812 $ (6,028 ) $ — $ (216 ) $ — $ — $ (216 ) In addition to the above derivative arrangements, the Company also uses non-derivative financial instruments to hedge its exposure to foreign currency exchange rate fluctuations as part of its risk management program, including foreign denominated debt issued and outstanding with third parties to protect the value of its net investments in foreign subsidiaries against exchange rate fluctuations. The Company draws foreign currency advances under its Credit Facility to fund certain investments in the respective local currency which creates a natural hedge against the original equity invested in the real estate investments, removing the need for the final cross currency swaps (See Note 5 — Credit Borrowings ). As further discussed below, in conjunction with the restructuring of the cross currency swaps on February 4, 2015, foreign currency advances of €110.5 million and £68.5 million were drawn under the Company’s Credit Facility. The Company separately designated each foreign currency draw as a net investment hedge under ASC 815. Effective May 17, 2015, the Company modified the hedging relationship and designated all foreign currency draws as net investment hedges. Interest Rate Swaps The Company’s objectives in using interest rate swaps are to add stability to interest expense and to manage its exposure to interest rate movements. 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. As of December 31, 2016 and 2015 , the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk: December 31, 2016 December 31, 2015 Derivatives Number of Instruments Notional Amount Number of Instruments Notional Amount (In thousands) (In thousands) Interest rate swaps (GBP) 21 $ 474,161 27 $ 697,925 Interest rate swaps (EUR) 14 431,213 16 561,282 Total 35 $ 905,374 43 $ 1,259,207 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 (loss) and is subsequently reclassified into earnings in the period that the hedged forecasted transaction impacts earnings. During 2016 , such derivatives were used to hedge the variable cash flows associated with variable-rate debt. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. During the years ended December 31, 2016 and 2015 , the Company recorded losses of $0.1 million and $0.4 million of ineffectiveness in earnings, respectively. During the year ended December 31, 2014 there were no losses due to ineffectiveness. During the year ended December 31, 2015 , the Company terminated/partially terminated two of its interest rate swaps and accelerated the reclassification of amounts in other comprehensive income (loss) to net income (loss) as a result of the hedged forecasted transactions becoming probable not to occur. The accelerated amounts were a loss of $38,000 . As a result of negative interest rates, specifically the Euro LIBOR, two interest rate swap positions fell out of designation during the quarter ended June 30, 2016 due to the fact that they were no longer highly effective. These positions did not have a zero percent interest rate floor embedded into the positions. 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 $5.6 million will be reclassified from other comprehensive income (loss) as an increase to interest expense. 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 years ended December 31, 2016 , 2015 and 2014 . Year Ended December 31, (In thousands) 2016 2015 2014 Amount of (loss) gain recognized in accumulated other comprehensive (loss) income from derivatives (effective portion) $ (12,634 ) $ 8,800 $ 5,670 Amount of loss reclassified from accumulated other comprehensive income (loss) into income as interest expense (effective portion) $ (5,318 ) $ (4,166 ) $ (2,087 ) Amount of loss recognized in income on derivative instruments (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing) $ (99 ) $ (371 ) $ — Cross Currency Swaps Previously Designated as Net Investment Hedges The Company is exposed to fluctuations in foreign exchange rates on property investments in foreign countries which pay rental income, incur property related expenses and hold debt instruments in currencies other than its functional currency, the USD. 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. On February 4, 2015, the Company restructured its cross currency swaps and replaced its initial USD equity funding in certain foreign real estate investments with foreign currency debt. As part of the restructuring, foreign currency advances of €110.5 million and £68.5 million were drawn under the Company’s Credit Facility which created a natural hedge against the original equity invested in the real estate investments, thus removing the need for the final equity notional component of the cross currency swaps. The cross currency swaps had been designated as net investment hedges through the date of restructure. 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. The restructuring and settlement of the cross currency swaps 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 of outstanding Credit Facility balance as of December 31, 2015 . 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. Following the restructuring noted above, these cross currency swaps no longer qualified for net investment hedge accounting treatment and as such, subsequent to February 5, 2015, all changes in fair value are recognized in earnings. Foreign Denominated Debt Designated as Net Investment Hedges Effective May 17, 2015, all foreign currency draws under the Credit Facility were designated as net investment hedges. As such, the effective portion of changes in value due to currency fluctuations are reported in accumulated other comprehensive income (loss) (outside of earnings) as part of the cumulative translation adjustment. The undesignated 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, or if the Company should no longer possess a controlling interest. As of December 31, 2016 , total foreign currency advances under the Credit Facility were approximately $491.2 million , which reflects advances of £177.2 million ( $218.7 million based upon an exchange rate of £1.00 to $1.23 as of December 31, 2016 ) and advances of €258.9 million ( $272.4 million based upon an exchange rate of €1.00 to $1.05 , as of December 31, 2016 ). Prior to May 16, 2015 , foreign currency advances which were comprised of $92.1 million of Pound Sterling ("GBP") draws (based upon an exchange rate of $1.58 to £1.00 , as of May 16, 2015 ) and $126.0 million of Euro ("EUR") draws (based upon an exchange rate of $1.14 to €1.00 , as of May 16, 2015 ) were not designated as net investment hedges and, accordingly, the changes in value through May 16, 2015 due to currency fluctuations were reflected in earnings. As a result, the Company recorded remeasurement losses on the foreign denominated draws of $3.6 million for the year ended December 31, 2015 . As of December 31, 2016 , total outstanding draws under the Credit Facility denominated in foreign currency was $491.2 million , and total net investments in real estate denominated in foreign currency was $405.7 million , this resulted in an undesignated excess position of $85.5 million (comprised of £44.2 million and €29.4 million draws) at the previously mentioned exchange rates. The Company recorded gains of $10.3 million and $5.1 million for the years ended December 31, 2016 and 2015 , respectively, due to currency changes on the undesignated excess foreign currency advances over the related net investments. The Company recorded gains of $1.4 million for the year ended December 31, 2014 due to currency changes on the undesignated excess foreign currency advances over the related net investments. For the portion of foreign draws now designated as net investment hedges there were no additional remeasurement gains (losses) for the year ended December 31, 2016 . As of December 31, 2016 , the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operations: December 31, 2016 Derivatives Number of Notional Amount (In thousands) Cross currency swaps (EUR-USD) 3 $ 37,957 Cross currency swaps (GBP-USD) 1 60,626 Foreign currency forwards (EUR-USD) 1 10,100 Total 5 $ 108,683 Non-designated Derivatives The Company is exposed to fluctuations in the exchange rates of its functional currency, the USD, against the GBP and the EUR. 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 as hedges under qualifying hedging relationships are recorded directly in net income (loss). During the year ended December 31, 2015 , the Company identified errors in accounting for the cross currency derivatives that were no longer designated as hedges subsequent to their restructuring on February 4, 2015 which resulted in the Company recording additional gain on derivative investments of $0.5 million (see Note 2 — Summary of Significant Accounting Policies). The Company recorded total gains of $7.4 million and $3.9 million on the non-designated hedges for the years ended December 31, 2016 and 2015 , respectively. The Company recorded total gains of $1.9 million on the non-designated hedges for the year ended December 31, 2014 . As of December 31, 2016 and 2015 , the Company had the following outstanding derivatives that were not designated as hedges under qualifying hedging relationships. December 31, 2016 December 31, 2015 Derivatives Number of Instruments Notional Amount Number of Instruments Notional Amount (In thousands) (In thousands) Foreign currency forwards (GBP - USD) 21 $ 18,058 40 $ 6,628 Foreign currency forwards (EUR - USD) 20 28,424 15 6,139 Cross currency swaps (GBP - USD) 3 43,457 9 82,843 Cross currency swaps (EUR - USD) 3 30,604 5 99,847 Interest rate swaps (EUR) 5 127,570 — — Options (GBP-USD) 5 3,375 — — Options (EUR-USD) 5 6,250 — — Total 62 $ 257,738 69 $ 195,457 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 December 31, 2016 , the fair value of derivatives in net liability position including accrued interest but excluding any adjustment for nonperformance risk related to these agreements was $17.4 million . As of December 31, 2016 , the Company had not posted any collateral related to these agreements and was not in breach of any agreement provisions. If the Company had breached any of these provisions, it could have been required to settle its obligations under the agreements at their aggregate termination value.

Common Stock

Common Stock	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Common Stock	Common Stock The Company listed its Common Stock on the NYSE under the symbol "GNL" on June 2, 2015 . As of December 31, 2016 and 2015 , the Company had 198,775,675 and 168,936,633 , respectively, shares of Common Stock outstanding, including shares issued under the DRIP, but not including unvested restricted shares, the OP Units issued to limited partners other than the Company or long-term incentive units issued in accordance with the OPP which are currently, or may be in the future, convertible into shares of Common Stock. On September 2, 2016, 1,264,148 OP Units were converted to Common Stock, of which 916,231 were issued to individual members and employees of AR Global, 347,903 were issued to the Service Provider, and 14 were issued to the Special Limited Partner. There were 545,530 of OP Units outstanding that were held by parties other than the Company as of December 31, 2016 . In addition, in connection with the Merger Agreement, each outstanding share of Global II Common Stock, including restricted shares, other than shares owned by the Company or any wholly owned subsidiary of Global II, was converted into the right to receive 2.27 shares of Common Stock of the Company in connection with the Mergers. Additionally, all outstanding Global II OP Units were converted into the right to receive 2.27 shares of Company Common Stock. The Company issued 28.7 million of Company Common Shares as consideration in the Merger. Based on the closing price of the shares of Company Common Stock on December 22, 2016, as reported on the NYSE, the aggregate value of the Merger Consideration paid or payable to former holders of Global II Common Stock and former holders of units of Global II OP Units was approximately $220.9 million . Monthly Dividends and Change to Payment Dates The Company pays dividends on the 15th day of each month at a rate of $0.059166667 per share to stockholders of record as of close of business on the 8th day of such month. The Company's board of directors may alter the amounts of dividends paid or suspend dividend payments at any time and therefore dividend payments are not assured. For purposes of the presentation of information herein, the Company may refer to distributions by the OP on OP Units and LTIP Units (as defined in Note 13 — Share-Based Compensation) as dividends. On April 7, 2015, the Company suspended the DRIP. The final issuance of shares of Common Stock pursuant to the DRIP occurred in connection with the Company’s April dividend which was paid on May 1, 2015. The following table details from a tax perspective, the portion of a distribution classified as return of capital and ordinary dividend income, per share per annum, for the years ended December 31, 2016 , 2015 and 2014 : Year Ended December 31, (In thousands) December 31, 2016 December 31, 2015 December 31, 2014 Return of capital 61.3 % $ 0.44 63.1 % $ 0.45 70.4 % $ 0.50 Ordinary dividend income 38.7 % 0.27 36.9 % 0.26 29.6 % 0.21 Total 100.0 % $ 0.71 100.0 % $ 0.71 100.0 % $ 0.71 Share Repurchase Program On April 7, 2015, the Company's board of directors approved the termination of the Company’s SRP. The Company processed all of the requests received under the SRP in the first quarter of 2015 and will not process further requests. The following table reflects the cumulative number of common shares repurchased as of December 31, 2015 and 2016 : Number of Shares Repurchased Weighted Average Price per Share Cumulative repurchases as of December 31, 2015 12,139,854 $ 10.49 Redemptions — — Cumulative repurchases as of December 31, 2016 12,139,854 $ 10.49 Implementation of “At-the-Market” Program On December 12, 2016, the Company entered into an Equity Distribution Agreement (the “Equity Distribution Agreement”) , pursuant to which the Company may, from time to time, offer, issue and sell to the public shares of the Company’s Common Stock having an aggregate offering price of up to $175.0 million . As of February 28, 2017 , the Company has not sold any shares pursuant to the Equity Distribution Agreement. Subject to the terms and conditions of the Equity Distribution Agreement, the sales agents will use their commercially reasonable efforts to sell the Company’s shares of Common Stock offered by the Company under and in accordance with the Equity Distribution Agreement. The sales, if any will be made by means of ordinary brokers’ transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. Actual sales will depend on a variety of factors to be determined by the Company from time to time. The Company intends to use any net proceeds from the offering for general corporate purposes, including funding investment activity, repaying outstanding indebtedness (including borrowings under the Company’s Credit Facility), and for working capital. The Equity Distribution Agreement provides that the applicable sales agents will be compensated for its services to 1.0% of the gross sales price. The Company has no obligation to sell any of the Shares under the Equity Distribution Agreement, and may at any time suspend solicitation and offers under the Equity Distribution Agreement.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Operating Ground Leases Certain properties are subject to ground leases, which are accounted for as operating leases. The ground leases have varying ending dates, renewal options, and rental rate escalations, with the latest leases extending to April 2105. Future minimum rental payments to be made by the Company under these noncancelable ground leases, excluding increases resulting from increases in the consumer price index, are as follows: (In thousands) Future Ground Lease Payments 2017 $ 1,261 2018 1,261 2019 1,261 2020 1,261 2021 1,261 2022 1,261 Thereafter 38,540 Total (1) $ 46,106 (1) Ground lease rental payments due for ING Amsterdam are not included in the table above as the Company's ground for this property is prepaid through 2050. The Company incurred rent expense on ground leases of $1.3 million and $0.3 million during the years ended December 31, 2016 and 2015 , respectively. 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 December 31, 2016 , 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	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions As of December 31, 2016 and 2015 , the Sponsor, the Special Limited Partner and a subsidiary of the Service Provider owned, in the aggregate, 244,444 shares of the Company's outstanding Common Stock. The Advisor, the Service Provider, and their affiliates may incur costs and fees on behalf of the Company. As of December 31, 2016 and 2015 , the Company had $5.2 million and $0.1 million of receivable from affiliated entities $2.2 million and $0.4 million of payable to their affiliates, respectively. The Company is the sole general partner of the OP and holds the majority of OP Units. At Listing, the Advisor held a total of 1,461,753 OP Units, the Service Provider held a total of 347,903 OP Units, and the Special Limited Partner held 22 OP Units. Subsequent to the Listing all OP Units issued to the Advisor were transferred to individual investors. On September 2, 2016 , 1,264,148 of the OP Units were converted into Common Stock, of which 916,231 were issued to individual members and employees of AR Global, 347,903 were issued to the Service Provider, and 14 were issued to the Special Limited Partner. There were 545,530 of OP Units outstanding that were held by parties other than the Company as of December 31, 2016 . On June 2, 2015, the Advisor and the Service Provider exchanged 1,726,323 previously-issued Class B Units for 1,726,323 OP Units pursuant to the OP Agreement. These OP Units are redeemable for shares of Common Stock of the Company on a one-for-one basis, or the cash value of shares of Common Stock (at the option of the Company), 12 months from the Listing Date subject to the terms of the limited partnership agreement of the OP. The Advisor and the OP also entered into a Contribution and Exchange Agreement pursuant to which the Advisor contributed $0.8 million in cash to the OP in exchange for 83,333 OP Units. The OP made distributions to partners other than the Company of $1.0 million and $0.6 million during the year ended December 31, 2016 and 2015 , respectively. There were no OP Unit distributions during the year ended December 31, 2014 . In addition, in connection with the OPP, the Company paid $1.0 million in distributions related to LTIP Units (as defined in Note 13 — Share-Based Compensation) during the year ended December 31, 2016 , which are included in non-controlling interest in the consolidated statements of equity. As of December 31, 2016 , the Company had no unpaid distributions relating to LTIP distributions. As of December 31, 2015 , the Company had $0.4 million of unpaid LTIP distributions. No such distributions were paid during the year ended December 31, 2015 . A holder of OP Units, other than the Company, has the right to convert OP Units for a corresponding number of shares of the Company's Common Stock, or the cash value equivalent of those corresponding shares, at the Company's option, in accordance with the limited partnership agreement of the OP. The remaining rights of the holders of OP Units are limited, however, and do not include the ability to replace the general partner or to approve the sale, purchase or refinancing of the OP's assets. AR Global indirectly owns 90% of the membership interests in the Advisor and Company's chief executive officer and president, directly owns the other 10% of the membership interests in the Advisor. Realty Capital Securities, LLC (the "Former Dealer Manager") served as the dealer manager of the IPO, which was ongoing from October 2012 to June 2014 and, together with its affiliates, continued to provide the Company with various services through December 31, 2015. RCS Capital Corporation ("RCAP"), the parent company of the Former Dealer Manager and certain of its affiliates that provided services to the Company, filed for Chapter 11 bankruptcy protection in January 2016, prior to which it was also under common control with AR Global Investments, LLC (the successor business to AR Capital LLC, "AR Global"), parent of the Sponsor. In May 2016, RCAP and its affiliated debtors emerged from bankruptcy under the new name, Aretec Group, Inc. Acquired Related Party Receivable As more fully described in Note 3 — Merger Transaction , the Company acquired a $5.1 million receivable from an affiliate of the Advisor which is payable in equal monthly installments beginning on January 15, 2017 . Fees Paid in Connection With the Operations of the Company Until June 2, 2015, the Advisor was 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 was paid 50% of the acquisition fees and the Advisor was paid the remaining 50% , as set forth in the service provider agreement. The Advisor was also reimbursed for insourced expenses incurred in the process of acquiring properties, which were limited to 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. The Company's Advisor provides services in connection with the origination or refinancing of any debt that the Company obtained and used to acquire properties or to make other permitted investments, or that is assumed, directly or indirectly, in connection with the acquisition of properties. Until June 2, 2015, the Company paid 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 was paid 50% of the financing coordination fees and the Advisor received the remaining 50% . Until the Listing, the Company compensated the Advisor for its asset management services in an amount equal to 0.75% per annum of the total of: the cost of the Company's assets (cost includes the purchase price, acquisition expenses, capital expenditures and other customarily capitalized costs, but excluding acquisition fees) plus costs and expenses incurred by the Advisor in providing asset management services, less the excess, if any, of dividends over FFO plus acquisition fees expenses and restricted share grant amortization. Until April 1, 2015, as compensation for this arrangement, the Company caused the OP to issue (subject to periodic approval by the board of directors) to the Advisor and Service Provider performance-based restricted partnership units of the OP ("Class B Units"), which were intended to be profits interests and would vest, and no longer be subject to forfeiture, at such time as: (x) the value of the OP's assets plus all dividends made equaled or exceeded 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 had occurred: (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"). The value of issued Class B Units was determined and expensed when the Company deemed the achievement of the performance condition was probable, which occurred as of the Listing. As of June 2, 2015, in aggregate the board of directors had approved the issuance of 1,726,323 Class B Units to the Advisor and the Service Provider in connection with this arrangement. The Advisor and the Service Provider received distributions on unvested Class B Units equal to the dividend rate received on the Company's Common Stock. Such distributions on issued Class B Units in the amount of $0.3 million and $0.2 million were included in general and administrative expenses in the consolidated statements of operations for the years ended December 31, 2015 and 2014 , respectively. Subsequent to the Listing, the Company recorded OP Unit distributions which are included in consolidated statements of equity. From April 1, 2015 to the Listing Date, the Advisor was paid for its asset management services in cash. The performance condition related to these Class B Units was satisfied upon completion of the Listing, and the Class B Units vested at a cost of $14.5 million on June 2, 2015 . Concurrently, the Class B Units were converted to OP Units on a one-to-one basis. The vested value was calculated based, in part, on the closing price of Company's Common Stock on June 2, 2015 less an estimated discount for the one year lock-out period of transferability or liquidity of the OP Units. On the Listing Date, the Company entered into the Fourth Amended and Restated Advisory Agreement (the “Advisory Agreement”) by and among the Company, the OP and the Advisor, which, among other things, eliminated the acquisition fee and finance coordination fee payable to the Advisor under the original Advisory Agreement, as amended, except for fees with respect to properties under contract, letter of intent or under negotiation as of the Listing Date. Under the terms of the Advisory Agreement, the Company pays the Advisor: (i) a base fee of $18.0 million per annum payable in cash monthly in advance (“Minimum Base Management Fee”); (ii) plus a variable fee, payable monthly in advance in cash, equal to 1.25% of the cumulative net proceeds realized by the Company from the issuance of any common equity, including any common equity issued in exchange for or conversion of preferred stock or exchangeable notes, as well as, from any other issuances of common, preferred, or other forms of equity of the Company, including units of any operating partnership (“Variable Base Management Fee”); and (iii) an incentive fee (“Incentive Compensation”), 50% payable in cash and 50% payable in shares of the Company’s Common Stock (which shares are subject to certain lock up restrictions), equal to: (a) 15% of the Company’s Core AFFO (as defined in the Advisory Agreement) per weighted average share outstanding for the applicable period (“Core AFFO Per Share”)(1) in excess of an incentive hurdle based on an annualized Core AFFO Per Share of $0.78 , plus (b) 10% of the Core AFFO Per Share in excess of an incentive hurdle of an annualized Core AFFO Per Share of $1.02 . The $0.78 and $1.02 incentive hurdles are subject to annual increases of 1% to 3% . The Base Management Fee and the Incentive Compensation are each subject to an annual adjustment. The annual aggregate amount of the Minimum Base Management Fee and Variable Base Management Fee (collectively, the “Base Management Fee”) that may be paid under the Advisory Agreement are subject to varying caps based on assets under management (“AUM”) (2) , as defined in the Advisory Agreement. _______________________________ (1) For purposes of the Advisory Agreement, Core AFFO per share means (i) Net income adjusted for the following items (to the extent they are included in Net income): (a) real estate related depreciation and amortization; (b) Net income from unconsolidated partnerships and joint ventures; (c) one-time costs that the Advisor deems to be non-recurring; (d) non-cash equity compensation (other than any Restricted Share Payments); (e) other non-cash income and expense items; (f) non-cash dividends related to the Class B Units of the OP and certain non-cash interest expenses related to securities that are convertible to Common Stock; (g) gains (or losses) from the sale of Investments; (h) impairment losses on real estate; (i) acquisition and transaction related costs; (j) straight-line rent; (k) amortization of above and below market leases and liabilities; (l) amortization of deferred financing costs; (m) accretion of discounts and amortization of premiums on debt investments; (n) mark-to-market adjustments included in Net income; (o) unrealized gains or losses resulting from consolidation from, or deconsolidation to, equity accounting, and (p) consolidated and unconsolidated partnerships and joint ventures. (ii) divided by the weighted average outstanding shares of Common Stock on a fully diluted basis for such period. (2) For purposes of the Advisory Agreement, "AUM" means, for a specified period, an amount equal to (A) (i) the aggregate costs of the Company's investments (including acquisition fees and expenses) at the beginning of such period (before reserves for depreciation of bad debts, or similar non-cash reserves) plus (ii) the aggregate cost of the Company's investment at the end of such period (before reserves from depreciation or bad debts, or similar non-cash reserves) divided by (B) two (2). In addition, the per annum aggregate amount of the Base Management Fee and the Incentive Compensation to be paid under the Advisory Agreement is capped at (a) 1.25% of the AUM for the previous year if AUM is less than or equal to $5.0 billion ; (b) 0.95% if the AUM is equal to or exceeds $15.0 billion ; or (c) a percentage equal to: (A) 1.25% less (B) (i) a fraction, (x) the numerator of which is the AUM for such specified period less $5.0 billion and (y) the denominator of which is $10.0 billion multiplied by (ii) 0.30% if AUM is greater than $5.0 billion but less than $15.0 billion . The Variable Base Management Fee is also subject to reduction if there is a sale or sales of one or more Investments in a single or series of related transactions exceeding $200.0 million and, the special dividend(s) related thereto. The Property Manager provides property management and leasing services for properties owned by the Company, for which 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 receives a portion of the fees payable to the Advisor equal to: (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. The following table reflects related party fees incurred, forgiven and contractually due as of and for the periods presented: Year Ended December 31, 2016 2015 2014 (Receivable) Payable as of December 31, (In thousands) Incurred Forgiven Incurred Forgiven Incurred Forgiven 2016 2015 2014 One-time fees and reimbursements: Related party notes receivable acquired in Merger $ — $ — $ — $ — $ — $ — $ (5,138 ) (10) $ — $ — Acquisition fees and related cost reimbursements (1) — — 735 — 32,915 — — — 2 Strategic advisory fees — — — — 561 — — — — Fees on gain from sale of investments 923 — — — — — 923 (5) — — Financing coordination fees (2) 16 — 1,159 — 6,546 — 16 (5) 466 (7) — Ongoing fees: Asset management fees (3) 18,230 — 13,501 — — — 447 (5) 217 (8) — Property management and leasing fees (4) 3,802 2,281 3,982 2,507 1,316 690 252 (5) 91 — 52 Total related party operational fees and reimbursements $ 22,971 $ 2,281 $ 19,377 $ 2,507 $ 41,338 $ 690 $ (3,500 ) (6) $ 774 (9) $ 54 ___________________________________________________________________________ (1) These related party fees are recorded within acquisition and transaction related costs on the consolidated statements of operations. (2) These related party fees are recorded as deferred financing costs and amortized over the term of the respective financing arrangement. (3) From January 1, 2013 to April 1, 2015, the Company caused the OP to issue to the Advisor (subject to periodic approval by the board of directors) restricted performance based Class B Units for asset management services, which would vest if certain conditions occur. At the Listing Date, all Class B Units held by the Advisor converted to OP Units. From April 1, 2015 until the Listing Date, the Company paid the Advisor asset management fees in cash (as elected by the Advisor). From the Listing Date, the Advisor received asset management fees in cash in accordance with the Advisory Agreement. No Incentive Compensation or variable compensation was paid for the years ended December 31, 2016 and 2015 . (4) The Advisor waived 100% of fees from U.S. assets and its allocated portion of 50% of fees from European assets. (5) Balance included within due to related parties on the consolidated balance sheets as of December 31, 2016 . (6) In addition, as of December 31, 2016 due to related parties includes $0.5 million of accruals, of which $0.2 million of costs accrued for transfer agent and personnel services received from the Company's related parties including ANST and $0.3 million to Advisor and RCS, of which $0.3 million are recorded within offering costs, $0.2 million in general and administrative expenses, and $20,000 in other expense reimbursement on the consolidated statements of operations for the year ended December 31, 2016 , are not reflected in the table above. (7) Balance included within accounts payable and accrued expenses on the consolidated balance sheets as of December 31, 2015 . (8) Balance included within due to related parties on the consolidated balance sheets as of December 31, 2015 . In addition, due to affiliates includes $0.8 million of costs accrued for transfer asset and personnel services received from the Company's affiliated parties including ANST, Advisor and RCS which are recorded within general and administrative expenses on the consolidated statements of operations for the year ended December 31, 2015 and the expense is not reflected in the table above. (9) In addition, as of December 31, 2015 due to related parties includes $0.2 million , of which $36,253 of costs accrued for transfer agent and personnel services received from the Company's related parties including ANST and $0.1 million to Advisor and RCS, which are recorded within general and administrative expenses on the consolidated statements of operations for the year ended December 31, 2015 , are not reflected in the table above. (10) Balance included within r elated party notes receivable acquired in Merger on the on the consolidated balance sheets as of December 31, 2016 . In addition, the $16,000 due from related parties as of December 31, 2016 is not included in the table above. 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. Additionally, the Company reimburses the Advisor for expenses of the Advisor and it affiliates incurred on behalf of the Company, except for those expenses that are specifically the responsibility of the Advisor under the Advisory Agreement as fees and compensation paid to the Service Provider and the Advisor's overhead expenses, rent and travel expenses, professional services fees incurred with respect to the Advisor for the operation of its business, insurance expenses (other than with respect to the Company's directors and officers) and information technology expenses. No reimbursement was incurred from the Advisor for providing services during the years ended December 31, 2016 , 2015 and 2014 . In order to improve operating cash flows and the ability to pay dividends 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 dividends 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. During the year ended December 31, 2016 , the Advisor waived some of the property management fees. During the year ended December 31, 2015 , there were no property operating and general administrative expenses absorbed by the Advisor. The predecessor to the parent of the Sponsor was party to a services agreement with RCS Advisory Services, LLC, a subsidiary of the parent company of the Former Dealer Manager (“RCS Advisory”), pursuant to which RCS Advisory and its affiliates provided the Company and certain other companies sponsored by AR Global with services (including, without limitation, transaction management, compliance, due diligence, event coordination and marketing services, among others) on a time and expenses incurred basis or at a flat rate based on services performed. The predecessor to the parent of the Sponsor instructed RCS Advisory to stop providing such services in November 2015 and no services have since been provided by RCS Advisory. The Company was also party to a transfer agency agreement with American National Stock Transfer, LLC, a subsidiary of the parent company of the Former Dealer Manager (“ANST”), pursuant to which ANST provided the Company with transfer agency services (including broker and stockholder servicing, transaction processing, year-end IRS reporting and other services), and supervisory services overseeing the transfer agency services performed by DST Systems, Inc., a third-party transfer agent ("DST"). The Sponsor received written notice from ANST on February 10, 2016 that it would wind down operations by the end of the month and would withdraw as the transfer agent effective February 29, 2016. On February 26, 2016, the Company entered into a definitive agreement with DST to provide the Company directly with transfer agency services (including broker and stockholder servicing, transaction processing, year-end IRS reporting and other services). On April 22, 2016, the Company terminated its agreement with DST and entered into a definitive agreement American Stock Transfer and Trust Company, LLC ("AST") appointing AST as the Company's side transfer agent and registrar. During the years ended December 31, 2016 and 2015 , the Company incurred approximately $0.2 million and $0.8 million , respectively, of recurring transfer agent services fees to ANST which were included in general and administrative expenses in the consolidated statements of operations. The following table details property operating and general and administrative expenses absorbed by the Advisor during the three years ended December 31, 2016 , 2015 , and 2014 : Year Ended December 31, (In thousands) 2016 2015 2014 Property operating expenses absorbed $ — $ — $ 178 General and administrative expenses absorbed — — — Total expenses absorbed (1) $ — $ — $ 178 ___________________________________________________ (1) The Company had $0.5 million of receivables from the Advisor related to absorbed costs as of December 31, 2014. Fees Paid in Connection with the Liquidation or Listing of the Company's Real Estate Assets In connection with the Listing and the Advisory Agreement, the Company terminated the subordinated termination fee that would be due to the Advisor in the event of termination of the advisory agreement. In connection with the Sale of any investment, subject to the terms in section 6(i) of the Advisory Agreement, the Company will pay to the Advisor a fee in connection with net Gain recognized by the Company in connection such sale (the Gain Fee). The Gain Fee shall be calculated at the end of each month and paid, to the extent due, with the next installment of the Base Management Fee. The Gain Fee will be calculated by aggregating all of the Gains and Losses from the preceding month. During the year ended December 31, 2016 , the Company has sold 34 properties and calculated the Gain Fee of $0.9 million due to the Advisor, as defined in the Advisory Agreement, which has been accrued to the Advisor if the proceeds are not reinvested within 180 days of the transaction. As of December 31, 2016 , such Gain Fee is included in the due to related parties on the consolidated balance sheets and been deducted from gains on the consolidated statement of operations. On December 31, 2014, the Company entered into an agreement with RCS Capital, the investment banking and capital markets division of the Former Dealer Manager, for strategic and financial advice and assistance in connection with (i) a possible sale transaction involving the Company (ii) the possible listing of the Company’s securities on a national securities exchange, and (iii) a possible acquisition transaction involving the Company. The Company also retained Barclays Capital Inc. as a strategic advisor. Both RCS Capital and Barclays Capital Inc., were each entitled to receive a transaction fee equal to 0.23% of the transaction value in connection with a possible sale transaction, listing or acquisition, if any. In connection with Listing, the Company incurred approximately $18.7 million of listing related fees during the year ended December 31, 2015 of which $6.0 million was paid to RCS Capital and $6.1 million to Barclays Capital Inc., including out of pocket expense in connection with these agreements. The Company did not incur any additional listing fees during the years ended December 31, 2016 and 2014 . In addition, the Company incurred and paid to RCS Capital $2.5 million for personnel and support services in connection with the Listing. The Company also incurred $0.6 million of transfer agent fees to ANST in relation to the Listing. In connection with the Listing and the Advisory Agreement, the Company terminated the subordinated termination fee that would be due to the Advisor in the event of termination of the advisory agreement. All costs noted above were included in listing fees in the consolidated statements of operations under listing fees for the year ended December 31, 2015.

Economic Dependency

Economic Dependency	12 Months Ended
	Dec. 31, 2016
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, and the Service Provider, 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 and the Service Provider. 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.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2016
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 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 December 31, 2016 , 2015 and 2014 , no stock options were issued under the Plan. Restricted Share Plan The Company's employee and director incentive restricted share plan ("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. Prior to April 8, 2015 , the RSP provided 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 beginning on the first anniversary of the date of grant in increments of 20% per annum. On April 8, 2015 , the Company amended the RSP ("the Amended RSP"), among other things, to remove the fixed amount of shares that are automatically granted to the independent directors and remove the fixed vesting period of five years . Under the Amended RSP, the annual amount granted to the independent directors is determined by the board of directors. Effective upon the Listing Date, the Company’s board of directors approved the following changes to independent director compensation: (i) increasing in the annual retainer payable to all independent directors to $100,000 per year, (ii) increase in the annual retainer for the non-executive chair to $105,000 , (iii) increase in the annual retainer for independent directors serving on the audit committee, compensation committee or nominating and corporate governance committee to $30,000 . All annual retainers are payable 50% in the form of cash and 50% in the form of restricted stock units ("RSU") which vest over a three -year period. In addition, the directors have the option to elect to receive the cash component in the form of RSUs which would vest over a three -year period. Under the Amended RSP, restricted share awards entitle the recipient to receive shares of Common Stock from the Company under terms that provide for vesting over a specified period of time or upon attainment of pre-established performance objectives. Such awards would typically be forfeited with respect to the unvested shares upon the termination of the recipient's employment or other relationship with the Company. In connection with the Listing, the Company's board of directors also approved a one-time retention grant of 40,000 RSUs to each of the directors valued at $8.52 per unit, which vest over a five -year period. On July 13, 2015 , the Company granted an annual retainer to each of its independent directors comprised of $0.1 million in cash and 7,352 RSUs which vest over a three -year period with the vesting period beginning on June 15, 2015 . In addition, the Company granted $0.1 million in non-executive chair compensation in cash and 5,882 RSUs which vest over a three -year period with the vesting period beginning on June 15, 2015 . On August 18, 2016, the Company granted an annual retainer to each of its independent directors comprised of $0.1 million and 8,642 RSUs which vest over a three -year period with the vesting period beginning on June 28, 2016. In addition, the Company granted $0.1 million in non-executive chair compensation in cash and 6,981 RSUs which vest over a three -year period with the vesting period beginning on June 28, 2016 . On January 3, 2017, following approval by the Board, 32,000 unvested restricted shares of Common Stock owned by Mr. Kahane became vested simultaneously with his resignation as a member of the Board. Effective, January 3, 2017, the Board had accelerated the vesting of 24,000 of these unvested restricted and the remaining 8,000 unvested shares automatically vested upon Mr. Kahane’s voluntary resignation. Prior to April 8, 2015 , the total number of shares of Common Stock granted under the RSP could not exceed 5.0% of the Company's outstanding shares on a fully diluted basis at any time, and in any event could not exceed 7.5 million shares (as such number may be adjusted for stock splits, stock dividends, combinations and similar events). The Amended RSP increased the number of shares the Company's Common Stock, par value $0.01 per share, available for awards thereunder to 10% of the Company’s outstanding shares of Common Stock on a fully diluted basis at any time. The Amended RSP also eliminated the limit of 7.5 million shares of Common Stock permitted to be issued as RSUs. 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 dividends prior to the time that the restrictions on the restricted shares have lapsed. Any dividends payable in common shares shall be subject to the same restrictions as the underlying restricted shares. The following table reflects restricted share award activity for the years ended December 31, 2016 , 2015 and 2014 . Number of Restricted Shares Weighted-Average Issue Price Unvested, December 31, 2013 16,200 $ 9.00 Granted 9,000 9.00 Vested (10,800 ) 9.00 Unvested, December 31, 2014 14,400 9.00 Granted prior to Listing Date (1) 3,000 9.00 One-time Listing Grant 160,000 8.52 Granted (2) 27,938 8.84 Vested (3) (17,400 ) 9.00 Unvested, December 31, 2015 187,938 8.57 Granted 36,634 7.53 Vested (41,274 ) 8.59 Unvested, December 31, 2016 183,298 $ 8.36 ____________________________ (1) Based on the original RSP in place prior to April 8, 2015 . (2) Based on the Amended RSP which provides an annual retainer to: (i) all independent directors; (ii) independent directors serving on the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee; and (iii) the non-executive chair. (3) RSUs granted prior to April 8, 2015 vested immediately prior to the Listing. The fair value of the restricted shares granted prior to the Listing Date is based on the per share price in the IPO and the fair value of the restricted shares granted on or after the Listing Date is based on the market price of Common Stock as of the grant date, and is expensed over the vesting period. Compensation expense related to restricted stock was approximately $0.4 million , $0.2 million and $0.1 million during the years ended December 31, 2016 , 2015 and 2014 , respectively, and is recorded as equity based compensation during 2016 and 2015 and general and administrative expenses during 2014 in the accompanying consolidated statements of operations. As of December 31, 2016 , the Company had $1.3 million of unrecognized compensation cost related to unvested restricted share awards granted under the Company’s RSP. That cost is expected to be recognized over a weighted average period of 3.1 years . Multi-Year Outperformance Agreement In connection with the Listing, the Company entered into the OPP with the OP and the Advisor. Under the OPP, the Advisor was issued 9,041,801 long term incentive plan units ("LTIP Units") in the OP with a maximum award value on the issuance date equal to 5.00% of the Company’s market capitalization (the “OPP Cap”). The LTIP Units are structured as profits interests in the OP. The Advisor will be eligible to earn a number of LTIP Units with a value equal to a portion of the OPP Cap upon the first, second and third anniversaries of the Effective Date, which is the Listing Date, June 2, 2015 , based on the Company’s achievement of certain levels of total return to its stockholders (“Total Return”), including both share price appreciation and Common Stock dividends, as measured against a peer group of companies, as set forth below, for the three-year performance period commencing on the Effective Date (the “ Three -Year Period”); each 12-month period during the Three -Year Period (the “ One -Year Periods”); and the initial 24-month period of the Three -Year Period (the “ Two -Year Period”), as follows: Performance Period Annual Period Interim Period Absolute Component: 4% of any excess Total Return attained above an absolute hurdle measured from the beginning of such period: 21% 7% 14% Relative Component: 4% of any excess Total Return attained above the Total Return for the performance period of the Peer Group*, subject to a ratable sliding scale factor as follows based on achievement of cumulative Total Return measured from the beginning of such period: • 100% will be earned if cumulative Total Return achieved is at least: 18% 6% 12% • 50% will be earned if cumulative Total Return achieved is: —% —% —% • 0% will be earned if cumulative Total Return achieved is less than: —% —% —% • a percentage from 50% to 100% calculated by linear interpolation will be earned if the cumulative Total Return achieved is between: 0% - 18% 0% - 6% 0% - 12% __________________________________ * The “Peer Group” is comprised of Gramercy Property Trust Inc., Lexington Realty Trust, Select Income REIT, and W.P. Carey Inc. The potential outperformance award is calculated at the end of each One -Year Period, the Two -Year Period and the Three -Year Period. The award earned for the Three -Year Period is based on the formula in the table above less any awards earned for the Two -Year Period and One -Year Periods, but not less than zero; the award earned for the Two -Year Period is based on the formula in the table above less any award earned for the first and second One -Year Period, but not less than zero. Any LTIP Units that are unearned at the end of the Performance Period will be forfeited. Subject to the Advisor’s continued service through each vesting date, one third of any earned LTIP Units will vest on each of the third, fourth and fifth anniversaries of the Effective Date. Any earned and vested LTIP Units may be converted into OP Units in accordance with the terms and conditions of the limited partnership agreement of the OP. The OPP provides for early calculation of LTIP Units earned and for the accelerated vesting of any earned LTIP Units in the event Advisor is terminated or in the event the Company incurs a change in control, in either case prior to the end of the Three -Year Period. On June 2, 2016, no LTIP units were earned by the Advisor under the terms of the OPP. The Company records equity based compensation expense associated with the awards over the requisite service period of five years on a graded vesting basis. Equity-based compensation expense is adjusted each reporting period for changes in the estimated market-related performance. Compensation expense related to the OPP was $3.4 million and $2.2 million for the years ended December 31, 2016 and 2015 , respectively. There was no compensation expense related to the OPP for the year ended December 31, 2014 . Subject to the Advisor’s continued service through each vesting date, one third of any earned LTIP Units will vest on each of the third, fourth and fifth anniversaries of the Effective Date. Until such time as an LTIP Unit is earned in accordance with the provisions of the OPP, the holder of such LTIP Unit is entitled to distributions on such LTIP Unit equal to 10% of the distributions (other than distributions of sale proceeds) made per OP Unit. If real estate assets are sold and net sales proceeds distributed prior to June 2, 2018, the end of the Three -Year Period, the holders of LTIP Units generally would be entitled to a portion of those net sales proceeds with respect to both the earned and unearned LTIP Units (although the amount per LTIP Unit, which would be determined in accordance with a formula in the limited partnership agreement of the OP, would be less than the amount per OP Unit until the average capital account per LTIP Unit equals the average capital account per OP Unit). The Company has paid $1.0 million in distributions related to LTIP Units during the year ended December 31, 2016 , which is included in non-controlling interest in the consolidated statements of equity. After an LTIP Unit is earned, the holder of such LTIP Unit is entitled to a catch-up distribution and then the same distributions as the holders of an OP Unit. At the time the Advisor’s capital account with respect to an LTIP Unit is economically equivalent to the average capital account balance of an OP Unit, the LTIP Unit has been earned and it has been vested for 30 days , the Advisor, in its sole discretion, will be entitled to convert such LTIP Unit into an OP Unit in accordance with the provisions of the limited partnership agreement of the OP. The OPP provides for early calculation of LTIP Units earned and for the accelerated vesting of any earned LTIP Units in the event Advisor is terminated by the Company or in the event the Company incurs a change in control, in either case prior to the end of the Three -Year Period. On February 25, 2016 , the OPP was amended and restated to reflect the merger of two of the companies in the Peer Group. 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 years ended December 31, 2016 and 2015 . There were 1,056 such shares of Common Stock issued in lieu of cash during the year ended December 31, 2014 which resulted in additional share based compensation of $10,000 .

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following is a summary of the basic and diluted net income (loss) per share computation for the years ended December 31, 2016 , 2015 and 2014 : Year Ended December 31, (In thousands, except share and per share data) 2016 2015 2014 Net income (loss) attributable to stockholders $ 47,140 $ (2,065 ) $ (53,594 ) Adjustments to net income (loss) attributable to stockholders for common share equivalents (773 ) (442 ) — Adjusted net income (loss) attributable to stockholders 46,367 (2,507 ) (53,594 ) Basic and diluted net income (loss) per share 0.27 $ (0.01 ) $ (0.43 ) Basic and diluted weighted average shares outstanding 170,161,344 174,309,894 126,079,369 Under current authoritative guidance for determining earnings per share, all nonvested share-based payment awards that contain non-forfeitable rights to distributions are considered to be participating securities and therefore are included in the computation of earnings per share under the two-class method. The two-class method is an earnings allocation formula that determines earnings per share for each class of common shares and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. The Company's unvested RSUs and LTIPs contain rights to receive non-forfeitable distributions and therefore the Company applies the two-class method of computing earnings per share. The calculation of earnings per share below excludes the non-forfeitable distributions to the unvested RSUs and LTIPs from the numerator. Diluted net income (loss) per share assumes the conversion of all Common Stocks share equivalents into an equivalent number of common shares, unless the effect is anti-dilutive. The Company considers unvested restricted stock, OP Units and LTIP Units to be common share equivalents. For the years ended December 31, 2016 , 2015 and 2014 , the following common share equivalents were excluded from the calculation of diluted earnings per share: December 31, 2016 2015 2014 Unvested restricted stock 183,298 187,938 14,400 OP Units (1) 545,530 1,809,678 22 Class B Units — — 705,743 OPP (LTIP Units) 9,041,801 9,041,801 — Total anti-dilutive common share equivalents 9,770,629 11,039,417 720,165 (1) As of December 31, 2015 , OP Units included 1,726,323 converted Class B Units, 83,333 OP Units issued to the Advisor, and 22 OP Units issued to the Special Limited Partner. Subsequent to the Listing all OP Units issued to the Advisor were transferred to individual investors. On September 2, 2016, 1,264,148 of OP Units were converted into Common Stock, of which 916,231 , 347,903 , and 14 belong to individual members and employees of AR Global, Service Provider, and, Special Limited Partner, respectively. There were 545,530 OP Units outstanding that were held by parties other than the Company as of December 31, 2016 . Conditionally issuable shares relating to the OPP award (See Note 13 — Share-Based Compensation ) would be included in the computation of fully diluted EPS (if dilutive) based on shares that would be issued if the balance sheet date were the end of the measurement period. No LTIP share equivalents were included in the computation for the year ended December 31, 2016 because no units or shares would have been issued based on the stock price at December 31, 2016 .

Quarterly Results (Unaudited)

Quarterly Results (Unaudited)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Quarterly Results (Unaudited)	Quarterly Results (Unaudited) Presented below is a summary of the unaudited quarterly financial information for years ended December 31, 2016 and 2015 : (In thousands, except share and per share data) Quarters Ended 2016 March 31, June 30, September 30, December 31, Total revenue $ 54,954 $ 53,196 $ 53,251 $ 52,773 Net income (loss) attributable to stockholders $ 6,488 $ 15,763 $ 8,943 $ 15,946 Adjustments to net income (loss) attributable to stockholders for common share equivalents (195 ) (193 ) (190 ) (195 ) Adjusted net income (loss) attributable to stockholders $ 6,293 $ 15,570 $ 8,753 $ 15,751 Basic and diluted weighted average shares outstanding 168,936,633 168,948,472 169,390,187 173,343,587 Basic and diluted net income (loss) per share attributable to stockholders $ 0.04 $ 0.09 $ 0.05 $ 0.09 (In thousands, except share and per share data) Quarters Ended 2015 March 31, (1) June 30, September 30, (2) December 31, (3) Total revenue $ 49,969 $ 49,068 $ 50,252 $ 56,043 Net income (loss) attributable to stockholders $ 25,855 $ (45,664 ) $ 5,432 $ 12,312 Adjustments to net income (loss) attributable to stockholders for common share equivalents — — (249 ) (193 ) Adjusted net income (loss) attributable to stockholders $ 25,855 $ (45,664 ) $ — $ 5,183 $ — $ 12,119 Basic and diluted weighted average shares outstanding 179,156,462 180,380,436 168,948,345 168,936,633 Basic and diluted net income (loss) per share attributable to stockholders $ 0.14 $ (0.25 ) $ 0.03 $ 0.07 _______________________ (1) As discussed in Note 2 — Summary of Significant Accounting Policies , the Company reflected adjustments in the three months periods ended March 31, 2015 and December 31, 2015 to correct errors in straight-line rent and taxes relating to fiscal 2014. (2) The Company identified errors in accounting for certain cross currency derivatives that were no longer designated as hedges subsequent to their restructuring on February 4, 2015 (see Note 8 — Derivatives and Hedging Activities ) where gains that should have been included in net income (loss) were instead included in other comprehensive income (loss) of approximately $0.5 million and $0.6 million during the thee month periods ended March 31, 2015 and June 30, 2015, respectively. The Company has concluded that these adjustments are not material to the financial position or results of operations for the current period or any of the respective prior periods, accordingly, the Company recorded the additional gains on these non-designated derivative instruments of $1.1 million during the three month period ended September 30, 2015. (3) During the fourth quarter of 2015, the Company recorded an out-of-period adjustment to correct for an error identified in accounting for certain accrued operating expense reimbursement revenue totaling approximately $1.0 million , of which approximately $0.4 million , $0.3 million and $0.3 million related to three month periods ended March 31, 2015, June 30, 2015 and September 30, 2015, respectively. The Company concluded that this adjustment was not material to its financial position and results of operations for the current period or any of the prior periods, accordingly, the Company reversed the accrued operating expense reimbursement revenue of $1.0 million during the three month period ended December 31, 2015.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company has evaluated subsequent events through the filing of this Annual Report on Form 10-K, 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 as previously disclosed or disclosed below. Dispositions Subsequent to the year ended December 31, 2016 , the Company has sold one property as shown in the table below: Portfolio State Disposition Date Number of Properties Square Feet Contract Sales Price (In thousands) Kulicke & Soffa Pennsylvania 2/17/17 1 88,000 $ 12,950 The sale of Kulickie & Soffa did not represent a strategic shift that has a major effect on the Company’s operations and financial results. Accordingly, the results of operations of the Company remain classified within continuing operations for all periods presented until the respective dates of the sale. Reverse Stock Split On February 8, 2017 , the Company announced that its Board of Directors has approved a reverse stock split of the Company’s Common Stock and its outstanding OP Units at a ratio of 1 -for- 3 (the “Reverse Stock Split”). The Reverse Stock Split is expected to take effect at approximately 5:00 p.m. Eastern time on February 28, 2017 (the “Effective Time”). Accordingly, at the Effective Time, every three issued and outstanding shares of Common Stock will be converted into one share of Common Stock and every three OP Units will be converted into one OP Unit. In addition, at the market open on March 1, 2017 , the Common Stock will be assigned a new CUSIP number. As a result of the Reverse Stock Split, the number of outstanding shares of the Company’s Common Stock will be reduced from approximately 198.8 million to approximately 66.3 million . The Reverse Stock Split will not affect the timing of the payment of the Company’s previously announced March 2017 dividend, which will continue to be paid on March 15, 2017 to stockholders of record at the close of business on March 8, 2017. Stockholders of record will receive the same March dividend payment but adjusted to reflect the Reverse Stock Split equal to $0.1775 per share. No fractional shares or OP Units will be issued in connection with the Reverse Stock Split. Instead, cash will be paid in lieu of any fractional share that would have otherwise resulted from the Reverse Stock Split. No payments will be made in respect of any fractional OP Units. The Reverse Stock Split will apply to all of the Company’s outstanding shares of Common Stock and therefore will not affect any stockholder’s relative ownership percentage. Stockholders will be receiving information from the Company’s transfer agent regarding their stockholdings following the Reverse Stock Split as well as any cash in lieu payments that may result from the Reverse Stock Split. Stockholders are not required to take any action to effectuate the exchange of their stock.

Real Estate and Accumuluated De

Real Estate and Accumuluated Depreciation Schedule III	12 Months Ended
	Dec. 31, 2016
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Real Estate and Accumulated Depreciation Schedule III	Initial Costs Costs Capitalized Subsequent to Acquisition Portfolio City U.S. State or Country Acquisition Date Encumbrances at December 31, 2016 (1) Land Building and Improvements Land Building and Improvements Gross Amount at December 31, 2016 (2)(3) Accumulated Depreciation (4)(5) McDonalds Corporation Carlisle UK Oct. 2012 $ 938 $ 396 $ 924 $ — $ — $ 1,320 $ 218 Wickes Blackpool UK May 2013 2,402 1,666 1,789 — — 3,455 308 Everything Everywhere Merthyr Tydfil UK Jun. 2013 4,936 3,394 2,160 — — 5,554 365 Thames Water Swindon UK Jul. 2013 7,405 3,394 4,011 — — 7,405 645 Wickes Tunstall UK Jul. 2013 2,036 864 1,975 — — 2,839 316 PPD Global Labs Highland Heights KY Aug. 2013 — 2,001 6,002 — — 8,003 1,082 Northern Rock Sunderland UK Sep. 2013 6,479 1,234 4,319 — — 5,553 677 Kulicke & Soffa Fort Washington PA Sep. 2013 — 2,272 12,874 — — 15,146 2,070 Wickes Clifton UK Nov. 2013 2,345 1,234 1,728 — — 2,962 256 Con-Way Freight, Inc. Aurora NE Nov. 2013 — 295 1,670 — — 1,965 314 Con-Way Freight, Inc. Grand Rapids MI Nov. 2013 — 945 1,417 — — 2,362 266 Con-Way Freight, Inc. Riverton IL Nov. 2013 — 344 804 — — 1,148 151 Con-Way Freight, Inc. Salina KS Nov. 2013 — 461 1,843 — — 2,304 347 Con-Way Freight, Inc. Uhrichsville OH Nov. 2013 — 380 886 — — 1,266 167 Con-Way Freight, Inc. Vincennes IN Nov. 2013 — 220 712 — — 932 132 Con-Way Freight, Inc. Waite Park MN Nov. 2013 — 367 681 — — 1,048 128 Wolverine Howard City MI Dec. 2013 — 719 13,667 — — 14,386 2,501 Western Digital San Jose CA Dec. 2013 17,682 9,021 16,729 — — 25,750 2,423 Encanto Restaurants Baymon PR Dec. 2013 1,757 1,150 1,724 — — 2,874 287 Encanto Restaurants Caguas PR Dec. 2013 1,528 — 2,481 — — 2,481 412 Encanto Restaurants Carolina PR Dec. 2013 2,826 1,840 2,761 — — 4,601 459 Encanto Restaurants Carolina PR Dec. 2013 840 615 751 — — 1,366 125 Encanto Restaurants Guayama PR Dec. 2013 917 673 822 — — 1,495 137 Encanto Restaurants Mayaguez PR Dec. 2013 840 410 957 — — 1,367 159 Encanto Restaurants Ponce PR Dec. 2013 1,222 600 1,399 — — 1,999 241 Encanto Restaurants Ponce PR Dec. 2013 1,337 655 1,528 — — 2,183 254 Encanto Restaurants Puerto Neuvo PR Dec. 2013 496 — 782 — — 782 130 Encanto Restaurants Quebrada Arena PR Dec. 2013 1,474 844 1,566 — — 2,410 260 Encanto Restaurants Rio Piedras PR Dec. 2013 1,680 963 1,788 — — 2,751 297 Encanto Restaurants Rio Piedras PR Dec. 2013 1,031 505 1,179 — — 1,684 196 Encanto Restaurants San German PR Dec. 2013 687 391 726 — — 1,117 125 Encanto Restaurants San Juan PR Dec. 2013 955 389 1,168 — — 1,557 194 Encanto Restaurants San Juan PR Dec. 2013 474 153 612 — — 765 102 Encanto Restaurants San Juan PR Dec. 2013 1,680 1,235 1,509 — — 2,744 251 Encanto Restaurants Toa Baja PR Dec. 2013 420 68 616 — — 684 106 Initial Costs Costs Capitalized Subsequent to Acquisition Portfolio City U.S. State or Country Acquisition Date Encumbrances at December 31, 2016 (1) Land Building and Improvements Land Building and Improvements Gross Amount at December 31, 2016 (2)(3) Accumulated Depreciation (4)(5) Encanto Restaurants Vega Baja PR Dec. 2013 1,435 822 1,527 — — 2,349 254 Rheinmetall Neuss GER Jan. 2014 11,152 5,409 15,187 — — 20,596 1,271 GE Aviation Grand Rapids MI Jan. 2014 — 3,174 27,076 — — 30,250 2,163 Provident Financial Bradford UK Feb. 2014 15,735 1,245 23,094 — — 24,339 1,668 Crown Crest Leicester UK Feb. 2014 23,757 7,092 29,288 — — 36,380 2,410 Trane Davenport IA Feb. 2014 — 291 1,968 — — 2,259 182 Aviva Sheffield UK Mar. 2014 19,376 2,681 30,384 — — 33,065 2,199 DFS Trading Brigg UK Mar. 2014 2,614 1,253 3,552 — — 4,805 284 DFS Trading Carcroft UK Mar. 2014 1,448 286 2,052 — — 2,338 173 DFS Trading Carcroft UK Mar. 2014 3,118 1,053 4,171 — — 5,224 309 DFS Trading Darley Dale UK Mar. 2014 3,261 1,232 3,163 — — 4,395 258 DFS Trading Somercotes UK Mar. 2014 2,072 724 2,585 — — 3,309 248 Government Services Administration Fanklin TN Mar. 2014 — 4,161 30,083 — — 34,244 2,200 National Oilwell Varco Williston ND Mar. 2014 — 211 3,513 — — 3,724 347 Talk Talk Manchester UK Apr. 2014 4,721 724 8,605 — — 9,329 637 Government Services Administration Dover DE Apr. 2014 — 1,097 1,715 — — 2,812 137 Government Services Administration Germantown PA Apr. 2014 — 1,098 3,573 — — 4,671 256 OBI DIY Mayen GER Apr. 2014 4,734 1,179 7,036 — — 8,215 590 DFS Trading South Yorkshire UK Apr. 2014 1,107 — 1,290 — — 1,290 135 DFS Trading Yorkshire UK Apr. 2014 1,822 — 1,681 — — 1,681 118 Government Services Administration Dallas TX Apr. 2014 — 484 2,934 — — 3,418 210 Government Services Administration Mission TX Apr. 2014 — 618 3,145 — — 3,763 237 Government Services Administration International Falls MN May. 2014 — 350 11,182 — — 11,532 817 Indiana Department of Revenue Indianapolis IN May. 2014 — 891 7,677 — — 8,568 578 National Oilwell Varco (6) Pleasanton TX May. 2014 — 282 5,015 — — 5,297 272 Nissan Murfreesboro TN May. 2014 — 966 19,573 — — 20,539 1,326 Government Services Administration Lakewood CO Jun. 2014 — 1,220 7,928 — — 9,148 538 Lippert Components South Bend IN Jun. 2014 — 3,195 6,883 — — 10,078 478 Axon Energy Products Conroe TX Jun. 2014 — 826 6,132 — — 6,958 402 Axon Energy Products Houston TX Jun. 2014 — 416 5,186 — — 5,602 368 Axon Energy Products Houston TX Jun. 2014 — 294 2,310 — — 2,604 169 Bell Supply Co Carrizo Springs TX Jun. 2014 — 260 1,445 — — 1,705 122 Bell Supply Co Cleburne TX Jun. 2014 — 301 323 — — 624 30 Bell Supply Co Frierson LA Jun. 2014 — 260 1,054 — — 1,314 123 Bell Supply Co Gainesville TX Jun. 2014 — 131 1,420 — — 1,551 101 Initial Costs Costs Capitalized Subsequent to Acquisition Portfolio City U.S. State or Country Acquisition Date Encumbrances at December 31, 2016 (1) Land Building and Improvements Land Building and Improvements Gross Amount at December 31, 2016 (2)(3) Accumulated Depreciation (4)(5) Bell Supply Co Killdeer ND Jun. 2014 — 307 1,250 — — 1,557 103 Bell Supply Co Williston ND Jun. 2014 — 163 2,323 — — 2,486 172 GE Oil & Gas Canton OH Jun. 2014 — 437 3,039 — — 3,476 223 GE Oil & Gas Odessa TX Jun. 2014 — 1,611 3,322 — — 4,933 440 Lhoist Irving TX Jun. 2014 — 173 2,154 — — 2,327 185 Select Energy Services DeBerry TX Jun. 2014 — 533 7,551 — — 8,084 852 Select Energy Services Gainesville TX Jun. 2014 — 519 7,482 — — 8,001 501 Select Energy Services Victoria TX Jun. 2014 — 354 1,698 — — 2,052 149 Bell Supply Co Jacksboro TX Jun. 2014 — 51 657 — — 708 75 Bell Supply Co Kenedy TX Jun. 2014 — 190 1,669 — — 1,859 150 Select Energy Services Alice TX Jun. 2014 — 518 1,331 — — 1,849 103 Select Energy Services Dilley TX Jun. 2014 — 429 1,777 — — 2,206 162 Select Energy Services Kenedy TX Jun. 2014 — 815 8,355 — — 9,170 654 Select Energy Services Laredo TX Jun. 2014 — 2,472 944 — — 3,416 109 Superior Energy Services Gainesville TX Jun. 2014 — 322 480 — — 802 34 Superior Energy Services Jacksboro TX Jun. 2014 — 408 312 — — 720 30 Amcor Packaging Workington UK Jun. 2014 3,858 1,074 6,333 — — 7,407 495 Government Services Administration Raton NM Jun. 2014 — 93 875 — — 968 65 Nimble Storage San Jose CA Jun. 2014 — 30,227 10,795 — 180 41,202 734 FedEx Amarillo TX Jul. 2014 — 889 6,446 — — 7,335 521 FedEx Chicopee MA Jul. 2014 — 1,030 7,022 — — 8,052 597 FedEx San Antonio TX Jul. 2014 — 3,283 17,729 — — 21,012 1,197 Sandoz Princeton NJ Jul. 2014 — 7,766 31,994 — 11,558 51,318 4,037 Wyndham Branson MO Jul. 2014 — 881 3,307 — — 4,188 236 Valassis Livonia MI Jul. 2014 — 1,735 8,119 — — 9,854 532 Government Services Administration Fort Fairfield ME Jul. 2014 — 26 9,315 — — 9,341 575 AT&T Services, Inc. San Antonio TX Jul. 2014 33,550 5,312 41,201 — — 46,513 2,515 PNC Bank Erie PA Jul. 2014 — 242 6,195 — — 6,437 386 PNC Bank Scranton PA Jul. 2014 — 1,324 3,004 — — 4,328 192 Achmea Leusden NETH Jul. 2014 — 2,678 20,872 — 46 23,596 1,324 Continental Tire Fort Mill SC Jul. 2014 — 780 14,259 — — 15,039 887 Fujitsu Office Properties Manchester UK Jul. 2014 30,581 3,485 37,725 — — 41,210 2,300 BP Oil Wootton Bassett UK Aug. 2014 1,800 565 2,444 — — 3,009 158 HBOS Derby UK Aug. 2014 3,579 567 5,714 — — 6,281 382 HBOS St. Helens UK Aug. 2014 1,829 215 3,238 — — 3,453 218 Initial Costs Costs Capitalized Subsequent to Acquisition Portfolio City U.S. State or Country Acquisition Date Encumbrances at December 31, 2016 (1) Land Building and Improvements Land Building and Improvements Gross Amount at December 31, 2016 (2)(3) Accumulated Depreciation (4)(5) HBOS Warrington UK Aug. 2014 1,244 410 1,934 — — 2,344 141 Malthurst Shiptonthorpe UK Aug. 2014 1,200 260 1,849 — — 2,109 132 Malthurst Yorkshire UK Aug. 2014 950 461 1,210 — — 1,671 113 Stanley Black & Decker Westerville OH Aug. 2014 — 958 6,933 — — 7,891 446 Thermo Fisher Kalamazoo MI Aug. 2014 — 1,176 10,179 — — 11,355 623 Capgemini Birmingham UK Aug. 2014 6,788 1,536 14,564 — — 16,100 914 Merck Madison NJ Aug. 2014 — 10,290 32,530 — 1 42,821 1,936 Family Dollar Abbeville AL Aug. 2014 — 115 635 — — 750 49 Family Dollar Aiken SC Aug. 2014 — 439 505 — — 944 42 Family Dollar Alapaha GA Aug. 2014 — 200 492 — — 692 42 Family Dollar Anniston AL Aug. 2014 — 176 618 — — 794 47 Family Dollar Atlanta GA Aug. 2014 — 234 1,181 — — 1,415 78 Family Dollar Bossier City LA Aug. 2014 — 291 520 — — 811 38 Family Dollar Brandenburg KY Aug. 2014 — 178 748 — — 926 55 Family Dollar Brownfield TX Aug. 2014 — 31 664 — — 695 44 Family Dollar Brownsville TX Aug. 2014 — 83 803 — — 886 53 Family Dollar Caledonia MS Aug. 2014 — 415 162 — — 577 21 Family Dollar Camden SC Aug. 2014 — 187 608 — — 795 47 Family Dollar Camp Wood TX Aug. 2014 — 96 593 — — 689 45 Family Dollar Church Point LA Aug. 2014 — 247 563 — — 810 42 Family Dollar Columbia SC Aug. 2014 — 363 487 — — 850 42 Family Dollar Columbus MS Aug. 2014 — 305 85 — — 390 10 Family Dollar Danville VA Aug. 2014 — 124 660 — — 784 46 Family Dollar Detroit MI Aug. 2014 — 107 711 — — 818 43 Family Dollar Diamond Head MS Aug. 2014 — 104 834 — — 938 56 Family Dollar Falfurrias TX Aug. 2014 — 52 745 — — 797 45 Family Dollar Fayetteville NC Aug. 2014 — 99 438 — — 537 28 Family Dollar Fort Davis TX Aug. 2014 — 114 698 — — 812 54 Family Dollar Fort Madison IA Aug. 2014 — 188 226 — — 414 19 Family Dollar Greenwood SC Aug. 2014 — 629 546 — — 1,175 38 Family Dollar Grenada MS Aug. 2014 — 346 335 — — 681 31 Family Dollar Griffin GA Aug. 2014 — 369 715 — — 1,084 54 Family Dollar Hallsville TX Aug. 2014 — 96 225 — — 321 15 Family Dollar Hardeeville SC Aug. 2014 — 83 663 — — 746 48 Family Dollar Hastings NE Aug. 2014 — 260 515 — — 775 35 Initial Costs Costs Capitalized Subsequent to Acquisition Portfolio City U.S. State or Country Acquisition Date Encumbrances at December 31, 2016 (1) Land Building and Improvements Land Building and Improvements Gross Amount at December 31, 2016 (2)(3) Accumulated Depreciation (4)(5) Family Dollar Haw River NC Aug. 2014 — 310 554 — — 864 52 Family Dollar Kansas City MO Aug. 2014 — 52 986 — — 1,038 58 Family Dollar Knoxville TN Aug. 2014 — 82 714 — — 796 52 Family Dollar La Feria TX Aug. 2014 — 124 956 — — 1,080 61 Family Dollar Lancaster SC Aug. 2014 — 229 721 — — 950 57 Family Dollar Lillian AL Aug. 2014 — 410 508 — — 918 39 Family Dollar Louisville KY Aug. 2014 — 511 503 — — 1,014 40 Family Dollar Louisville MS Aug. 2014 — 235 410 — — 645 34 Family Dollar Madisonville KY Aug. 2014 — 389 576 — — 965 45 Family Dollar Memphis TN Aug. 2014 — 158 301 — — 459 26 Family Dollar Memphis TN Aug. 2014 — 79 342 — — 421 28 Family Dollar Memphis TN Aug. 2014 — 356 507 — — 863 41 Family Dollar Mendenhall MS Aug. 2014 — 61 720 — — 781 50 Family Dollar Mobile AL Aug. 2014 — 258 682 — — 940 47 Family Dollar Mohave Valley AZ Aug. 2014 — 284 575 — — 859 52 Family Dollar N Platte NE Aug. 2014 — 117 255 — — 372 15 Family Dollar Nampa ID Aug. 2014 — 133 1,126 — — 1,259 75 Family Dollar Newberry MI Aug. 2014 — 172 1,562 — — 1,734 103 Family Dollar North Charleston SC Aug. 2014 — 376 588 — — 964 46 Family Dollar North Charleston SC Aug. 2014 — 458 593 — — 1,051 50 Family Dollar Oklahoma City OK Aug. 2014 — 144 1,211 — — 1,355 72 Family Dollar Paulden AZ Aug. 2014 — 468 306 — — 774 33 Family Dollar Poteet TX Aug. 2014 — 141 169 — — 310 19 Family Dollar Rockford IL Aug. 2014 — 183 1,179 — — 1,362 76 Family Dollar Roebuck SC Aug. 2014 — 306 508 — — 814 47 Family Dollar San Angelo TX Aug. 2014 — 96 342 — — 438 27 Family Dollar St Louis MO Aug. 2014 — 226 1,325 — — 1,551 85 Family Dollar Tyler TX Aug. 2014 — 217 682 — — 899 45 Family Dollar Union MS Aug. 2014 — 52 622 — — 674 44 Family Dollar Williamston SC Aug. 2014 — 211 558 — — 769 43 Government Services Administration Rangeley ME Aug. 2014 — 1,377 4,746 — 262 6,385 305 Hewlett-Packard Newcastle UK Sep. 2014 11,461 1,061 17,667 — — 18,728 1,015 Intier Automotive Redditch UK Sep. 2014 5,831 1,096 8,676 — — 9,772 555 Waste Management Winston-Salem NC Sep. 2014 — 494 3,235 — — 3,729 195 FedEx Winona MN Sep. 2014 — 83 1,785 — — 1,868 125 Initial Costs Costs Capitalized Subsequent to Acquisition Portfolio City U.S. State or Country Acquisition Date Encumbrances at December 31, 2016 (1) Land Building and Improvements Land Building and Improvements Gross Amount at December 31, 2016 (2)(3) Accumulated Depreciation (4)(5) Dollar General Allen OK Sep. 2014 — 99 793 — — 892 51 Dollar General Cherokee KS Sep. 2014 — 27 769 — — 796 50 Dollar General Clearwater KS Sep. 2014 — 90 785 — — 875 51 Dollar General Dexter NM Sep. 2014 — 329 585 — — 914 38 Dollar General Elmore City OK Sep. 2014 — 21 742 — — 763 49 Dollar General Eunice NM Sep. 2014 — 269 569 — — 838 37 Dollar General Gore OK Sep. 2014 — 143 813 — — 956 53 Dollar General Kingston OK Sep. 2014 — 81 778 — — 859 51 Dollar General Lordsburg NM Sep. 2014 — 212 719 — — 931 46 Dollar General Lyons KS Sep. 2014 — 120 970 — — 1,090 62 Dollar General Mansfield LA Sep. 2014 — 169 812 — — 981 52 Dollar General Neligh NE Sep. 2014 — 83 1,045 — — 1,128 65 Dollar General Norman OK Sep. 2014 — 40 913 — — 953 59 Dollar General Peggs OK Sep. 2014 — 72 879 — — 951 56 Dollar General Santa Rosa NM Sep. 2014 — 324 575 — — 899 37 Dollar General Sapulpa OK Sep. 2014 — 143 745 — — 888 49 Dollar General Schuyler NE Sep. 2014 — 144 905 — — 1,049 57 Dollar General Tahlequah OK Sep. 2014 — 132 925 — — 1,057 59 Dollar General Townville PA Sep. 2014 — 78 882 — — 960 60 Dollar General Valley Falls KS Sep. 2014 — 51 922 — — 973 58 Dollar General Wymore NE Sep. 2014 — 21 872 — — 893 55 FedEx Bohemia NY Sep. 2014 — 4,838 19,596 — — 24,434 1,271 FedEx Watertown NY Sep. 2014 — 561 4,757 — — 5,318 325 Shaw Aero Naples FL Sep. 2014 — 998 22,332 — — 23,330 1,307 Mallinckrodt St. Louis MO Sep. 2014 — 1,499 16,828 — — 18,327 995 Kuka Warehouse Sterling Heights MI Sep. 2014 — 1,227 10,790 — — 12,017 638 Trinity Health Livonia MI Sep. 2014 — 4,273 16,574 — 21 20,868 1,089 Trinity Health Livonia MI Sep. 2014 4,680 11,568 341 16,589 850 FedEx Hebron KY Sep. 2014 — 1,107 7,750 — — 8,857 484 FedEx Lexington KY Sep. 2014 — 1,118 7,961 — — 9,079 491 GE Aviation Cincinnati OH Sep. 2014 — 1,393 10,490 — — 11,883 622 Bradford & Bingley Bingley UK Oct. 2014 9,330 4,116 10,334 — — 14,450 638 DNV GL Dublin OH Oct. 2014 — 2,509 3,140 — — 5,649 194 Rexam Reckinghausen GER Oct. 2014 5,534 742 10,441 — — 11,183 625 C&J Energy Houston TX Oct. 2014 — 3,865 9,457 — — 13,322 575 Initial Costs Costs Capitalized Subsequent to Acquisition Portfolio City U.S. State or Country Acquisition Date Encumbrances at December 31, 2016 (1) Land Building and Improvements Land Building and Improvements Gross Amount at December 31, 2016 (2)(3) Accumulated Depreciation (4)(5) FedEx Lake Charles LA Oct. 2014 — 255 7,485 — — 7,740 509 Family Dollar Big Sandy TN Oct. 2014 — 62 739 — — 801 49 Family Dollar Boling TX Oct. 2014 — 80 781 — — 861 49 Family Dollar Bonifay FL Oct. 2014 — 103 673 — — 776 53 Family Dollar Brindidge AL Oct. 2014 — 89 749 — — 838 62 Family Dollar Brownsville TN Oct. 2014 — 155 776 — — 931 56 Family Dollar Buena Vista GA Oct. 2014 — 246 757 — — 1,003 74 Family Dollar Calvert TX Oct. 2014 — 91 777 — — 868 50 Family Dollar Chocowinty NC Oct. 2014 — 237 554 — — 791 39 Family Dollar Clarksville TN Oct. 2014 — 370 1,025 — — 1,395 78 Family Dollar Fort Mill SC Oct. 2014 — 556 757 — — 1,313 52 Family Dollar Hillsboro TX Oct. 2014 — 287 634 — — 921 42 Family Dollar Lake Charles LA Oct. 2014 — 295 737 — — 1,032 48 Family Dollar Lakeland FL Oct. 2014 — 300 812 — — 1,112 53 Family Dollar Lansing MI Oct. 2014 — 132 1,040 — — 1,172 79 Family Dollar Laurens SC Oct. 2014 — 303 584 — — 887 51 Family Dollar Marion MS Oct. 2014 — 183 747 — — 930 50 Family Dollar Marsing ID Oct. 2014 — 188 786 — — 974 65 Family Dollar Montgomery AL Oct. 2014 — 411 646 — — 1,057 59 Family Dollar Montgomery AL Oct. 2014 — 122 821 — — 943 69 Family Dollar Monticello FL Oct. 2014 — 230 695 — — 925 51 Family Dollar Monticello UT Oct. 2014 — 96 894 — — 990 76 Family Dollar North Little Rock AR Oct. 2014 — 424 649 — — 1,073 53 Family Dollar Oakdale LA Oct. 2014 — 243 696 — — 939 45 Family Dollar Orlando FL Oct. 2014 — 684 619 — — 1,303 46 Family Dollar Port St. Lucie FL Oct. 2014 — 403 907 — — 1,310 62 Family Dollar Prattville AL Oct. 2014 — 463 749 — — 1,212 70 Family Dollar Prichard AL Oct. 2014 — 241 803 — — 1,044 52 Family Dollar Quinlan TX Oct. 2014 — 74 774 — — 848 50 Family Dollar Rigeland MS Oct. 2014 — 447 891 — — 1,338 57 Family Dollar Rising Star TX Oct. 2014 — 63 674 — — 737 44 Family Dollar Southaven MS Oct. 2014 — 409 1,080 — — 1,489 75 Family Dollar Spout Springs NC Oct. 2014 — 474 676 — — 1,150 47 Family Dollar St. Petersburg FL Oct. 2014 — 482 851 — — 1,333 58 Family Dollar Swansboro NC Oct. 2014 — 337 826 — — 1,163 72 Initial Costs Costs Capitalized Subsequent to Acquisition Portfolio City U.S. State or Country Acquisition Date Encumbrances at December 31, 2016 (1) Land Building and Improvements Land Building and Improvements Gross Amount at December 31, 2016 (2)(3) Accumulated Depreciation (4)(5) Panasonic Hudson NJ Oct. 2014 — 1,312 7,075 — — 8,387 404 Onguard Havre De Grace MD Oct. 2014 — 2,216 6,585 — — 8,801 536 Axon Energy Products Houston TX Oct. 2014 — 297 2,432 — — 2,729 137 Metro Tonic Halle Peissen GER Oct. 2014 27,879 6,393 44,790 — — 51,183 2,968 Tokmanni Matsala FIN Nov. 2014 30,483 1,657 50,142 — — 51,799 3,131 Fife Council Dunfermline UK Nov. 2014 2,263 325 4,193 — — 4,518 235 Family Dollar Doerun GA Nov. 2014 — 236 717 — — 953 48 Family Dollar Old Hickory TN Nov. 2014 — 548 781 — — 1,329 56 Government Services Administration Rapid City SD Nov. 2014 — 504 7,837 — — 8,341 459 KPN BV Houten NETH Nov. 2014 — 1,483 18,145 — — 19,628 1,036 RWE AG Essen GER Nov. 2014 22,703 4,613 32,811 — — 37,424 1,806 RWE AG Essen GER Nov. 2014 27,498 11,297 39,719 — — 51,016 2,194 RWE AG Essen GER Nov. 2014 15,552 1,786 22,819 — — 24,605 1,261 Follett School McHenry IL Dec. 2014 — 3,423 15,600 — — 19,023 1,038 Quest Diagnostics, Inc. Santa Clarita CA Dec. 2014 52,800 10,714 69,018 — — 79,732 3,657 Diebold North Canton OH Dec. 2014 — — 9,142 — — 9,142 566 Weatherford International Odessa TX Dec. 2014 — 665 1,795 — — 2,460 160 AM Castle Wichita KS Dec. 2014 — 426 6,681 — — 7,107 338 FedEx Billerica MA Dec. 2014 — 1,138 6,674 — — 7,812 415 Constellium Auto Wayne MI Dec. 2014 — 1,180 13,781 — 7,875 22,836 1,807 C&J Energy II Houston TX Mar. 2015 — 6,196 21,745 — — 27,941 1,039 Fedex VII Salina UT Mar. 2015 — 428 3,447 — — 3,875 229 Fedex VIII Pierre SD Apr. 2015 — — 3,288 — — 3,288 187 Crown Group Fraser MI Aug. 2015 — 350 3,865 — — 4,215 151 Crown Group Jonesville MI Aug. 2015 — 101 3,136 — — 3,237 127 Crown Group Warren MI Aug. 2015 — 297 3,325 — — 3,622 132 Crown Group Marion SC Aug. 2015 — 386 7,993 — — 8,379 318 Crown Group Logansport IN Aug. 2015 — 1,843 5,430 — — 7,273 237 Crown Group Madison IN Aug. 2015 — 1,598 7,513 — — 9,111 277 Mapes & Sprowl Steel, Ltd. Elk Grove IL Sep. 2015 — 954 4,619 — — 5,573 168 JIT Steel Services Chattanooga TN Sep. 2015 — 582 3,122 — — 3,704 110 JIT Steel Services Chattanooga TN Sep. 2015 — 316 1,986 — — 2,302 68 Beacon Health System, Inc. South Bend IN Sep. 2015 — 1,636 8,190 — — 9,826 289 Hannibal/Lex JV LLC Houston TX Sep. 2015 — 2,090 11,138 — — 13,228 367 FedEx Ground Mankato MN Sep. 2015 — 472 6,780 — — 7,252 286 Initial Costs Costs Capitalized Subsequent to Acquisition Portfolio City U.S. State or Country Acquisition Date Encumbrances at December 31, 2016 (1) Land Building and Improvements Land Building and Improvements Gross Amount at December 31, 2016 (2)(3) Accumulated Depreciation (4)(5) Office Depot Venlo NETH Sep. 2015 — 3,281 14,509 — — 17,790 587 Finnair Helsinki FIN Sep. 2015 29,878 2,367 67,462 — — 69,829 2,438 Auchan (7) Bordeaux FR Dec. 2016 8,732 (8) 3,827 12,568 — — 16,395 11 Pole Emploi (7) Marseille FR Dec. 2016 6,102 (8) 739 7,963 — — 8,702 6 Veolia Water (7) Vandalia US Dec. 2016 4,110 572 5,815 — — 6,387 5 Sagemcom (7) Rueil-Malmaison FR Dec. 2016 37,768 (8) 2,764 67,600 — — 70,364 46 NCR Dundee (7) Dundee UK Dec. 2016 6,960 (8) 2,464 8,370 — — 10,834 7 FedEx Freight (7) Greensboro US Dec. 2016 6,165 1,852 8,780 — — 10,632 8 DB Luxembourg (7) Kirchberg LUX Dec. 2016 37,873 (8) 15,280 45,592 — — 60,872 31 ING Amsterdam (7) Amsterdam NETH Dec. 2016 46,290 (8) — 70,980 — — 70,980 48 Worldline (7) Blois FR Dec. 2016 5,260 (8) 1,040 5,127 — — 6,167 5 Foster Wheeler (7) Reading UK Dec. 2016 48,501 (8) 25,216 73,346 — — 98,562 51 ID Logistics I (7) Weilbach GER Dec. 2016 4,208 (8) 1,239 8,413 — — 9,652 6 ID Logistics II (7) Landersheim & Moreuil FR Dec. 2016 11,046 (8) 4,652 13,761 — — 18,413 10 Harper Collins (7) Glasgow UK Dec. 2016 34,648 (8) 9,685 51,649 — — 61,334 38 DCNS (7) Brest FR Dec. 2016 9,994 (8) 1,786 14,112 — — 15,898 10 Total $ 754,987 $ 376,704 $ 1,947,646 $ — $ 20,284 $ 2,344,634 $ 111,321 ___________________________________ (1) These are stated principal amounts at spot rates for those in local currency and exclude $5.1 million of deferred financing cost and $(2.5) million of mortgage (discount) premium, net. (2) Acquired intangible lease assets allocated to individual properties in the amount of $587.1 million are not reflected in the table above. (3) The tax basis of aggregate land, buildings and improvements as of December 31, 2016 is $3.0 billion . Assets acquired from the Merger, retain the prior tax basis. (4) The accumulated depreciation column excludes approximately $104.7 million of amortization associated with acquired intangible lease assets. (5) Each of the properties has a depreciable life of: 40 years for buildings, 15 years for improvements and five years for fixtures. (6) The Company has expanded the property in September 2015 by purchasing additional land of $0.1 million , building and improvements of $3.4 million and an accumulated depreciation of $0.1 million as of December 31, 2016 . (7) These properties were acquired as part of Merger with Global II on December 22, 2016. (8) These properties are encumbered by the Mezzanine Facility borrowings in the amount of $55.4 million and such amount of borrowings is excluded from the table above. A summary of activity for real estate and accumulated depreciation for the years ended December 31, 2016 , 2015 and 2014 : December 31, 2016 2015 2014 Real estate investments, at cost: Balance at beginning of year $ 2,028,010 $ 1,855,960 $ 149,009 Additions-Acquisitions 463,327 226,412 1,748,944 Asset remeasurement — 2,318 (675 ) Asset Dispositions (77,063 ) — — Currency translation adjustment (69,640 ) (56,680 ) (41,318 ) Balance at end of the year $ 2,344,634 $ 2,028,010 $ 1,855,960 Accumulated depreciation: Balance at beginning of year $ 68,078 $ 21,319 $ 869 Depreciation expense 50,333 47,649 20,856 Asset Dispositions (3,012 ) — — Currency translation adjustment (4,078 ) (890 ) (406 ) Balance at end of the year $ 111,321 $ 68,078 $ 21,319

Summary of Significant Accoun25

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Basis of Accounting	Basis of Accounting The accompanying consolidated financial statements of the Company are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”).
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company, the OP and its subsidiaries. All inter-company accounts and transactions are eliminated in consolidation. In determining whether the Company has a controlling financial interest in a joint venture and the requirement to consolidate the accounts of that entity, management considers factors such as ownership interest, authority to make decisions and contractual and substantive participating rights of the other partners or members as well as whether the entity is a variable interest entity ("VIE") for which the Company is the primary beneficiary. The Company has determined that the OP is a VIE of which the Company is the primary beneficiary. Substantially all of the Company's assets and liabilities are held by the OP.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management makes significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, real estate taxes, income taxes, derivative financial instruments, hedging activities, equity-based compensation expenses related to a Multi-Year Outperformance Agreement (the “OPP”) and fair value measurements, as applicable.
Revenue Recognition	Revenue Recognition The Company's revenues, which are derived primarily from rental income, include rents that each tenant pays in accordance with the terms of each lease reported on a straight-line basis over the initial term of the lease. Since many of the Company's leases provide for rental increases at specified intervals, straight-line basis accounting requires the Company to record a receivable, and include in revenues, unbilled rent receivables that the Company will only receive if the tenant makes all rent payments required through the expiration of the initial term of the lease. For new leases after acquisition, the commencement date is considered to be the date the lease is executed. The Company defers the revenue related to lease payments received from tenants in advance of their due dates. When the Company acquires a property, the acquisition date is considered to be the commencement date for purposes of this calculation. As of December 31, 2016 and 2015 , the Company's cumulative straight-line rents receivable in the consolidated balance sheets were $30.5 million and $23.0 million , respectively. For the years ended December 31, 2016 and 2015 , the Company’s rental revenue included impacts of unbilled rental revenue of $10.6 million and $14.8 million , respectively, to adjust contractual rent to straight-line rent. The Company reviews receivables related to rent and unbilled rent receivables and determines collectability by taking into consideration the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. In the event that the collectability of a receivable is in doubt, the Company records an increase in the Company's allowance for uncollectible accounts or records a direct write-off of the receivable in the Company's consolidated statements of operations. Cost recoveries from tenants are included in operating expense reimbursement in the period the related costs are incurred, as applicable.
Investments in Real Estate	Investments in Real Estate Investments in real estate are recorded at cost. Improvements and replacements are capitalized when they extend the useful life of the asset. Costs of repairs and maintenance are expensed as incurred. The Company evaluates the inputs, processes and outputs of each asset acquired to determine if the transaction is a business combination or asset acquisition. If an acquisition qualifies as a business combination, the related transaction costs are recorded as an expense in the consolidated statements of operations. If an acquisition qualifies as an asset acquisition, the related transaction costs are generally capitalized and subsequently amortized over the useful life of the acquired assets. In business combinations, the Company allocates the purchase price of acquired properties to tangible and identifiable intangible assets or liabilities and non-controlling interests based on their respective fair values. Tangible assets may include land, land improvements, buildings, fixtures and tenant improvements. Intangible assets or liabilities may include the value of in-place leases, above- and below- market leases and other identifiable assets or liabilities based on lease or property specific characteristics. In addition, any assumed mortgages receivable or payable and any assumed or issued non-controlling interests are recorded at their estimated fair values. In allocating the fair value to assumed mortgages, amounts are recorded to debt premiums or discounts based on the present value of the estimated cash flows, which is calculated to account for either above or below-market interest rates. Disposal of real estate investments that represent a strategic shift in operations that will have a major effect on the Company's operations and financial results are required to be presented as discontinued operations in the consolidated statements of operations. No properties were presented as discontinued operations as of December 31, 2016 and 2015 . Properties that are intended to be sold are to be designated as “held for sale” on the consolidated balance sheets at the lesser of carrying amount or fair value less estimated selling costs when they meet specific criteria to be presented as held for sale. Properties are no longer depreciated when they are classified as held for sale. As of December 31, 2016 and 2015 , we did no t have any properties designated as held for sale. The Company evaluates acquired leases and new leases on acquired properties based on capital lease criteria. A lease is classified by a tenant as a capital lease if the significant risks and rewards of ownership reside with the tenant. This situation is met if, among other things, the non-cancelable lease term is more than 75% of the useful life of the asset or if the present value of the minimum lease payments equals 90% or more of the leased property’s fair value at lease inception.
Depreciation and Amortization	Depreciation and Amortization Depreciation is computed using the straight-line method over the estimated useful lives of up to 40 years for buildings, 15 years for land improvements, five years for fixtures and improvements and the shorter of the useful life or the remaining lease term for tenant improvements and leasehold interests. Capitalized above-market lease values are amortized as a reduction of rental income over the remaining terms of the respective leases. Capitalized below-market lease values are amortized as an increase to rental income over the remaining terms of the respective leases and expected below-market renewal option periods. Capitalized above-market ground lease values are amortized as a reduction of property operating expense over the remaining terms of the respective leases. Capitalized below-market ground lease values are amortized as an increase to property operating expense over the remaining terms of the respective leases and expected below-market renewal option periods. The value of in-place leases, exclusive of the value of above-market and below-market in-place leases, is amortized to expense over the remaining periods of the respective leases. Assumed mortgage premiums or discounts are amortized as an increase or reduction to interest expense over the remaining terms of the respective mortgages.
Impairment of Long Lived Assets	Impairment of Long Lived Assets When circumstances indicate the carrying value of a property may not be recoverable, the Company reviews the asset for impairment. This review is based on an estimate of the future undiscounted cash flows, excluding interest charges, expected to result from the property’s use and eventual disposition. These estimates consider factors such as expected future operating income, market and other applicable trends and residual value, as well as the effects of leasing demand, competition and other factors. If impairment exists due to the inability to recover the carrying value of a property, an impairment loss is recorded to the extent that the carrying value exceeds the estimated fair value of the property for properties to be held and used. For properties held for sale, the impairment loss is the adjustment to fair value less estimated cost to dispose of the asset. These assessments have a direct impact on net income because recording an impairment loss results in an immediate negative adjustment to net earnings.
Purchase Price Allocation	Purchase Price Allocation The Company allocates the purchase price of acquired properties to tangible and identifiable intangible assets acquired, including those acquired in the Merger, based on their respective fair values. Tangible assets include land, land improvements, buildings, fixtures and tenant improvements on an as-if vacant basis. The Company utilizes various estimates, processes and information to determine the as-if vacant property value. Estimates of value are made using customary methods, including data from appraisals, comparable sales, discounted cash flow analysis and other methods. Amounts allocated to land, land improvements, buildings and fixtures are based on cost segregation studies performed by independent third parties or on the Company's analysis of comparable properties in the Company's portfolio. Identifiable intangible assets include amounts allocated to acquire leases for above- and below-market lease rates, the value of in-place leases, and the value of customer relationships, as applicable. Factors considered in the analysis of the in-place lease intangibles include an estimate of carrying costs during the expected lease-up period for each property, taking into account current market conditions and costs to execute similar leases. In estimating carrying costs, the Company includes real estate taxes, insurance and other operating expenses and estimates of lost rentals at contract rates during the expected lease-up period, which typically ranges from 12 to 18 months . The Company also estimates costs to execute similar leases including leasing commissions, legal and other related expenses. Above-market and below-market lease values for acquired properties are initially recorded based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to each in-place lease and (ii) management’s estimate of fair market lease rates for each corresponding in-place lease, measured over a period equal to the remaining term of the lease for above-market leases and the remaining initial term plus the term of any below-market fixed rate renewal options for below-market leases. The capitalized above-market lease values are amortized as a reduction of base rental revenue over the remaining terms of the respective leases, and the capitalized below-market lease values are amortized as an increase to base rental revenue over the remaining initial terms plus the terms of any below-market fixed rate renewal options of the respective leases. If a tenant with a below market rent renewal does not renew, any remaining unamortized amount will be taken into income at that time. The aggregate value of intangible assets related to customer relationship, as applicable, is measured based on the Company's evaluation of the specific characteristics of each tenant’s lease and the Company's overall relationship with the tenant. Characteristics considered by the Company in determining these values include the nature and extent of its existing business relationships with the tenant, growth prospects for developing new business with the tenant, the tenant’s credit quality and expectations of lease renewals, among other factors. The value of customer relationship intangibles is amortized to expense over the initial term and any renewal periods in the respective leases, but in no event does the amortization period for intangible assets exceed the remaining depreciable life of the building. If a tenant terminates its lease, the unamortized portion of the in-place lease value and customer relationship intangibles is charged to expense. In making estimates of fair values for purposes of allocating purchase price, the Company utilizes a number of sources, including independent appraisals that may be obtained in connection with the acquisition or financing of the respective property and other market data. The Company also considers information obtained about each property as a result of the Company's pre-acquisition due diligence in estimating the fair value of the tangible and intangible assets acquired and intangible liabilities assumed.
Goodwill	Goodwill The Company evaluates goodwill for impairment at least annually or upon the occurrence of a triggering event. A triggering event is an event or circumstance that would more likely than not reduce the fair value of a reporting unit below its carrying amount. The Company performed a qualitative assessment to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying value. Based on our assessment we determined that the goodwill is not impaired as of December 31, 2016 .
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash in bank accounts as well as investments in highly-liquid money market funds with original maturities of three months or less. The Company deposits cash with high quality financial institutions. Deposits in the U.S. and other countries where we have deposits are guaranteed by the Federal Deposit Insurance Company ("FDIC") in the U.S., Financial Services Compensation Scheme ("FSCS") in the United Kingdom, Duchy Deposit Guarantee Scheme ("DDGS") in Luxembourg and by similar agencies in the other countries, up to insurance limits.
Restricted Cash	Restricted Cash Restricted cash primarily consists of debt service and real estate tax reserves.
Deferred Costs, Net	Deferred Costs, Net Deferred costs, net consists of deferred financing costs. Deferred financing costs represent commitment fees, legal fees, and other costs associated with obtaining commitments for financing. These costs are amortized over the terms of the respective financing agreements using the effective interest method. Unamortized deferred financing costs are expensed when the associated debt is refinanced or repaid before maturity. Costs incurred in seeking financial transactions that do not close are expensed in the period in which it is determined that the financing will not close.
Share Repurchase Program	Share Repurchase Program Prior to April 7, 2015 , the Company had in place a Share Repurchase Program ("SRP), providing for limited repurchases of the Company's Common Stock. On April 7, 2015 , the Company's board of directors approved the termination of the Company’s SRP. The Company accounts for the purchase of capital stock under a method that is consistent with Maryland law (the state of Company's domicile), which does not contemplate treasury stock. Any capital stock reacquired for any purpose is recorded as a reduction of common stock (at $0.01 par value per share) and an increase in accumulated deficit.
Dividend Reinvestment Plan	Dividend Reinvestment Plan Prior to April 7, 2015 , the Company had in place a DRIP, providing for reinvestment of dividends in the Company's Common Stock. Shares issued under the DRIP were recorded to equity in the accompanying consolidated balance sheets in the period dividends were declared.
Derivatives Instruments	Derivative Instruments The Company may use derivative financial instruments, including interest rate swaps, caps, options, floors and other interest rate derivative contracts, to hedge all or a portion of the interest rate risk associated with its borrowings. Certain of the Company's foreign operations expose the Company to fluctuations of foreign interest rates and exchange rates. These fluctuations may impact the value of the Company's cash receipts and payments in the Company's functional currency, the U.S. dollar ("USD"). 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 Company records all derivatives on the consolidated balance sheets at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. The accounting for subsequent changes in the fair value of these derivatives depends on whether each has been designed and qualifies for hedge accounting treatment. If the Company elects not to apply hedge accounting treatment, any changes in the fair value of these derivative instruments is recognized immediately in gains (losses) on derivative instruments in the consolidated statements of operations. If the derivative is designated and qualifies for as a cash flow hedge accounting treatment the change in the estimated fair value of the derivative is recorded in other comprehensive income (loss) in the consolidated statements of comprehensive income (loss) to the extent that it is effective. Any ineffective portion of a derivative's change in fair value will be immediately recognized in earnings.
Share-based Compensation	Share-Based Compensation The Company has a stock-based incentive award plan for its directors, which are accounted for under the guidance for employee share based payments. The cost of services received in exchange for a stock award is measured at the grant date fair value of the award and the expense for such awards is included in equity based compensation on consolidated statements of operations and is recognized over the vesting period or when the requirements for exercise of the award have been met (see Note 13 — Share-Based Compensation ).
Income Taxes	Income Taxes The Company qualified to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the "Code"), beginning with the taxable year ended December 31, 2013. Commencing with such taxable year, the Company was organized to operate in such a manner as to qualify for taxation as a REIT under the Code. The Company intends to continue to operate in such a manner to continue to qualify for taxation as a REIT, but no assurance can be given that it will operate in a manner so as to remain qualified as a REIT. As a REIT, the Company generally will not be subject to federal corporate income tax to the extent it distributes annually all of its REIT taxable earnings. REIT's are subject to a number of other organizational and operational requirements. The Company conducts business in various states and municipalities within the U.S. (including Puerto Rico), United Kingdom and continental Europe and, as a result, the Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction and various state and certain foreign jurisdictions. As a result, the Company may be subject to certain federal, state, local and foreign taxes on our income and assets, including alternative minimum taxes, taxes on any undistributed income and state, local or foreign income, franchise, property and transfer taxes. Any of these taxes decrease Company's earnings and available cash. In addition, Company's international assets and operations, including those designated as direct or indirect qualified REIT subsidiaries or other disregarded entities of a REIT, continue to be subject to taxation in the foreign jurisdictions where those assets are held or those operations are conducted. During the period from July 13, 2011 (date of inception) to December 31, 2012, the Company elected to be taxed as a corporation, pursuant to which income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recorded for the future tax consequences attributable to differences between the financial statement carrying amounts and income tax basis of assets and liabilities and the expected benefits of utilizing net operating loss and tax credit carryforwards, using expected tax rates in effect for each taxing jurisdiction in which the Company operates for the year in which those temporary differences are expected to be recovered or settled. The Company recognizes the financial statement effects of a tax position when it is more-likely-than-not, based on technical merits, that the position will be sustained upon examination. Because, the Company elected and qualified to be taxed as a REIT commencing with the taxable year ended December 31, 2013, it did not anticipate that any applicable deferred tax assets or liabilities will be realized. Significant judgment is required in determining the Company's tax provision and in evaluating its tax positions. The Company establishes tax reserves based on a benefit recognition model, which the Company believes could result in a greater amount of benefit (and a lower amount of reserve) being initially recognized in certain circumstances. Provided that the tax position is deemed more likely than not of being sustained, the Company recognizes the largest amount of tax benefit that is greater than 50 percent likely of being ultimately realized upon settlement. The Company derecognizes the tax position when the likelihood of the tax position being sustained is no longer more likely than not. The Company recognizes deferred income taxes in certain of its subsidiaries taxable in the U.S. or in foreign jurisdictions. Deferred income taxes are generally the result of temporary differences (items that are treated differently for tax purposes than for GAAP purposes). In addition, deferred tax assets arise from unutilized tax net operating losses, generated in prior years. The Company provides a valuation allowance against its deferred income tax assets when it believes that it is more likely than not that all or some portion of the deferred income tax asset may not be realized. Whenever a change in circumstances causes a change in the estimated realizability of the related deferred income tax asset, the resulting increase or decrease in the valuation allowance is included in deferred income tax expense (benefit). The Company derives most of its REIT income from its real estate operations in the U.S.. As such, the Company's real estate operations are generally not subject to federal tax, and accordingly, no provision has been made for U.S. federal income taxes in the consolidated financial statements for these operations. These operations may be subject to certain state, local, and foreign taxes, as applicable. The Company's deferred tax assets and liabilities are primarily the result of temporary differences related to the following: • Basis differences between tax and GAAP for certain international real estate investments. For income tax purposes, in certain acquisitions, the Company assumes the seller’s basis, or the carry-over basis, in the acquired assets. The carry-over basis is typically lower than the purchase price, or the GAAP basis, resulting in a deferred tax liability with an offsetting increase to goodwill or the acquired tangible or intangible assets; • Timing differences generated by differences in the GAAP basis and the tax basis of assets such as those related to capitalized acquisition costs and depreciation expense; and • Tax net operating losses in certain subsidiaries, including those domiciled in foreign jurisdictions that may be realized in future periods if the respective subsidiary generates sufficient taxable income. The Company’s current income tax provision for the years ended December 31, 2016 , 2015 and 2014 was $2.5 million , $5.1 million and $0.7 million , respectively. The Company’s deferred income tax provision (benefit) for the years ended December 31, 2016 , 2015 , and 2014 was $1.9 million , $0.8 million , and $(2.1) million , respectively. Deferred tax assets are net of a valuation allowance in the amounts of $2.4 million and $4.3 million as of December 31, 2016 and 2015 , respectively. The Company recognizes current income tax expense for state and local income taxes and taxes incurred in its foreign jurisdictions. The Company's current income tax expense fluctuates from period to period based primarily on the timing of its taxable income. For the years ended December 31, 2016 and 2015 , the Company recognized an income tax expense of $4.4 million and $5.9 million , respectively. Deferred income tax (expense) benefit is generally a function of the period’s temporary differences and the utilization of net operating losses generated in prior years that had been previously recognized as deferred income tax assets from state and local taxes in the U.S. or in foreign jurisdictions. The amount of dividends payable to the Company's stockholders is determined by the board of directors and is dependent on a number of factors, including funds available for distributions, financial condition, capital expenditure requirements, as applicable, and annual dividend requirements needed to qualify and maintain the Company's status as a REIT under the Code.
Foreign Currency Translation	Foreign Currency Translation The Company's reporting currency is the USD. The functional currency of the Company's foreign operations is the applicable local currency for each foreign subsidiary. Assets and liabilities of foreign subsidiaries (including intercompany balances for which settlement is not anticipated in the foreseeable future) are translated at the spot rate in effect at the applicable reporting date. The amounts reported in the consolidated statements of operations are translated at the average exchange rates in effect during the applicable period. The resulting unrealized cumulative translation adjustment is recorded as a component of accumulated other comprehensive income (loss) in the consolidated statements of equity.
Per Share Data	Per Share Data The Company calculates basic earnings per share of Common Stock by dividing net income (loss) for the period by weighted-average shares of its Common Stock outstanding for a respective period. Diluted income per share takes into account the effect of dilutive instruments such as unvested restricted stock, long term incentive plan ("LTIP") units and OP units, based on the average share price for the period in determining the number of incremental shares that are to be added to the weighted-average number of shares outstanding (see Note 14 — Earnings Per Share ).
Reportable Segments	Reportable Segments The Company determined that it has one reportable segment, with activities related to investing in real estate. The Company’s investments in real estate generate rental revenue and other income through the leasing of properties, which comprise 100% of total consolidated revenues. Management evaluates the operating performance of the Company’s investments in real estate on an individual property level.
Reclassifications	Reclassifications Reclassifications have been made to the 2014 and 2015 consolidated financial statements to conform to the current period presentation.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Adopted: In August 2014, the FASB issued ASU 2014-15, Disclosures of Uncertainties about an Entities Ability to Continue as a Going Concern, which requires management to assess a company’s ability to continue as a going concern and to provide related footnote disclosures in certain circumstances. The assessment is required for each annual and interim reporting period. Management’s assessment should evaluate whether there are conditions or events that raise substantial doubt about the entity's ability to continue as a going concern. Substantial doubt is deemed to exist when it is probable that the company will be unable to meet its obligations within one year from the financial statement issuance date. If conditions or events give rise to substantial doubt about the entity's ability to continue as a going concern, the guidance requires management to disclose information that enables users of the financial statements to understand the conditions or events that raised the substantial doubt, management's evaluation of the significance of the conditions or events that led to the doubt, the entity’s ability to continue as a going concern and management’s plans that are intended to mitigate or that have mitigated the conditions or events that raised substantial doubt about the entity's ability to continue as a going concern. The guidance is effective for the annual period ending after December 15, 2016 and for annual and interim periods thereafter, early application is permitted. The Company believes that adoption of this guidance will not have a material impact on the Company's consolidated financial position, results of operations or cash flows. In February 2015, the Financial Accounting Standards Board ("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 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. The Company has evaluated the impact of the adoption of ASU 2015-02 on its consolidated financial position and has determined under ASU 2015-02 the Company's operating ownership is a VIE. However, the Company meets the disclosure exemption criteria as the Company is the primary beneficiary of the VIE and the OP's interest is considered a majority voting interest. As such, this standard will not have a material impact on the Company's consolidated financial statements. In April 2015, the FASB issued ASU 2015-03 Interest-Imputation of Interest (Subtopic 835-30). The guidance changes 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. In August 2015, the FASB added that, for line of credit arrangements, the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line, regardless of whether or not there are any outstanding borrowings. The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. The Company adopted this guidance effective January 1, 2016. As a result, the Company reclassified $7.4 million of deferred debt issuance costs related to the Company's mortgage notes payable from deferred costs, net to mortgage notes payable in the Company's consolidated balance sheets as of December 31, 2015 . As permitted under the revised guidance, the Company elected to not reclassify the deferred debt issuance costs associated with its Credit Facility (as defined in Note 5 — Credit Borrowings). The deferred debt issuance costs associated with the Credit Facility, net of accumulated amortization, and deferred leasing costs, net of accumulated amortization, are included in deferred costs, net on the Company's accompanying consolidated balance sheets as of December 31, 2016 and 2015 . In August 2015, FASB issued ASU 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements, which amends ASC 835-30, Interest - Imputation of Interest . This update clarifies the presentation and subsequent measurement of debt issuance costs associated with lines of credit. These costs may be deferred and presented as an asset and subsequently amortized ratably over the term of the revolving debt arrangement. The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. The Company has adopted the provisions of this guidance effective January 1, 2016, and has applied the provisions prospectively. The adoption of this guidance has not had a material impact on the Company's consolidated financial position, results of operations or cash flows. In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805) . The guidance eliminates the requirement to adjust provisional amounts from a business combination and the related impact on earnings by restating prior period financial statements for measurement period adjustments. The new guidance requires that the cumulative impact of measurement period adjustments on current and prior periods, including the prior period impact on depreciation, amortization and other income statement items and their related tax effects, shall be recognized in the period the adjustment amount is determined. The cumulative adjustment would be reflected within the respective financial statement line items affected. The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. The Company has adopted the provisions of this guidance effective January 1, 2016, and has applied the provisions prospectively. The adoption of this guidance has not had a material impact on the Company's consolidated financial position, results of operations or cash flows. Pending Adoption: In May 2014, FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) . 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 allows entities to apply either a full retrospective or modified retrospective transition method upon adoption. In July 2015, the FASB finalized 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 new guidance will be effective in the Company's 2018 fiscal year. The Company is currently evaluating the impact of the revised guidance on the consolidated financial statements and has not yet determined the method by which the Company will adopt the standard. In January 2016, the FASB issued ASU 2016-01 Financial Instruments-Overall:Recognition and Measurement of Financial Assets and Financial Liabilities (Subtopic 825-10). The revised guidance amends the recognition and measurement of financial instruments. The new guidance significantly revises an entity’s accounting related to equity investments and the presentation of certain fair value changes for financial liabilities measured at fair value. Among other things, it also amends the presentation and disclosure requirements associated with the fair value of financial instruments. The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is not permitted for most of the amendments in the update. The Company is currently evaluating the impact of the new guidance. In February 2016, the FASB issued ASU 2016-02 Leases (ASC 842), which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e. lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease, respectively. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. The ASU is expected to impact the Company’s consolidated financial statements as the Company has certain operating and land lease arrangements for which it is the lessee. ASC 842 supersedes the previous leases standard, ASC 840 Leases. The standard is effective on January 1, 2019, with early adoption permitted. The Company is in the process of evaluating the impact of this new guidance. In March 2016, the FASB issued ASU 2016-05 Derivatives and Hedging (Topic 815) , Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships . Under the new guidance, the novation of a derivative contract in a hedge accounting relationship does not, in and of itself, require dedesignation of that hedge accounting relationship. The hedge accounting relationship could continue uninterrupted if all of the other hedge accounting criteria are met, including the expectation that the hedge will be highly effective when the creditworthiness of the new counterparty to the derivative contract is considered. The guidance is effective for fiscal years beginning after December 15, 2016, and interim periods therein. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of this new guidance. In March 2016, the FASB issued ASU 2016-08 Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net). The guidance requires an entity to determine whether the nature of its promise to provide goods or services to a customer is performed in a principal or agent capacity and to recognize revenue in a gross or net manner based on its principal/agent designation. This guidance is effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is permitted. The Company is currently evaluating the impact of this new guidance. In March 2016, the FASB issued an update on ASU 2016-09 Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The guidance changes the accounting for certain aspects of share-based compensation. Among other things, the revised guidance allows companies to make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest or account for forfeitures when they occur. The revised guidance is effective for reporting periods beginning after December 15, 2016. Early adoption is permitted. The Company is currently evaluating the impact of this new guidance. In April 2016, the FASB issued ASU 2016-10 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing . The amendments in this update do not change the core principle of the guidance in Topic 606 but rather, clarify aspects of identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. The amendment is effective on the same date as ASU 2014-09, which is not yet effective. The Company is currently evaluating the impact of the revised guidance on the consolidated financial statements and has not yet determined the method by which the Company will adopt the standard. In May 2016, the FASB issued ASU 2016-12 Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients . The amendments provide clarifying guidance in a few narrow areas and add some practical expedients to the guidance. The amendments are expected to reduce the degree of judgment necessary to comply with Topic 606 , which the FASB expects will reduce the potential for diversity arising in practice and reduce the cost and complexity of applying the guidance. The amendment is effective on the same date as ASU 2014-09, which is not yet effective. The Company is currently evaluating the impact of the revised guidance on the consolidated financial statements and has not yet determined the method by which the Company will adopt the standard. In August 2016, the FASB issued ASU 2016-15 Statement of Cash Flows (Topic 230) guidance on how certain transactions should be classified and presented in the statement of cash flows as either operating, investing or financing activities. Among other things, the update provides specific guidance on where to classify debt prepayment and extinguishment costs, payments for contingent consideration made after a business combination and distributions received from equity method investments. The revised guidance is effective for reporting periods beginning after December 15, 2017. Early adoption is permitted. The Company is currently evaluating the impact of this new guidance. In October 2016, the FASB issued ASU 2016-17 Interest Held through Related Parties that Are under Common Control (Topic 810) guidance where a reporting entity will need to evaluate if it should consolidate a VIE. The amendments change the evaluation of whether a reporting entity is the primary beneficiary of a VIE by changing how a single decision maker of a VIE treats indirect interests in the entity held through related parties that are under common control with the reporting entity. The revised guidance is effective for reporting periods beginning after December 15, 2016. Early adoption is permitted. The Company is currently evaluating the impact of this new guidance. In November 2016, the FASB issued ASU 2016-18 Restricted Cash (a consensus of the FASB Emerging Issues Task Force) (Topic 230) guidance on the classification of restricted cash in the statement of cash flows. The amendment requires restricted cash to be included in the beginning-of-period and end-of-period total cash amounts. Therefore, transfers between cash and restricted cash will no longer be shown on the statement of cash flows. The guidance is effective for reporting periods beginning after December 15, 2017. Early adoption is permitted. The Company is currently evaluating the impact of this new guidance. In January 2017, the FASB issued ASU 2017-01 Clarifying the Definition of a Business (Topic 805) guidance that revises the definition of a business. This new guidance is applicable when evaluating whether an acquisition (disposal) should be treated as either a business acquisition (disposal) or an asset acquisition (disposal). Under the revised guidance, when substantially all of the fair value of gross assets acquired is concentrated in a single asset or group of similar assets, the assets acquired would not be considered a business. The revised guidance is effective for reporting periods beginning after December 15, 2017, and the amendments will be applied prospectively. Early application is permitted only for transactions that have not previously been reported in issued financial statements. The Company is currently evaluating the impact of this new guidance.
Accounting Treatment of the Mergers	Accounting Treatment of the Mergers The Mergers are accounted for under the acquisition method for business combinations pursuant to GAAP, with GNL as the accounting acquirer of Global II. The consideration to be transferred by GNL to acquire Global II establishes a new accounting basis for the assets acquired, liabilities assumed and any non-controlling interests, measured at their respective fair value as of the Merger Date. To the extent fair value of the Merger Consideration exceeds fair value of net assets acquired, any such excess represents goodwill. Alternatively, if fair value of net assets acquired exceeds fair value of the Merger Consideration, the transaction could result in a bargain purchase gain that is recognized immediately in earnings and attributable to GNL common stockholders. Adjustments to estimated fair value of identifiable assets and liabilities of Global II, as well as adjustments to the Merger Consideration may change the determination and amount of goodwill and/or bargain purchase gain and may impact depreciation, amortization and accretion based on revised fair value of assets acquired and liabilities assumed. The actual value of the Merger Consideration is based upon the market price of the GNL common stock at the time of closing of the Merger.
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 and those inputs are significant. 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 December 31, 2016 and 2015 , 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.

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Schedule of Real Estate Investments by Location	The following tables present the geographic information: Year Ended December 31, (In thousands) 2016 2015 2014 Revenues: United States $ 133,315 $ 130,598 $ 65,651 United Kingdom 37,263 40,830 18,199 Europe (Finland, France, Germany, Luxembourg, and the Netherlands) 43,596 33,904 9,533 Total $ 214,174 $ 205,332 $ 93,383 As of December 31, (In thousands) 2016 2015 Investments in Real Estate: United States $ 1,542,958 $ 1,610,720 United Kingdom 571,246 441,586 Europe (Finland, France, Germany, Luxembourg, and the Netherlands) 817,491 493,998 Total $ 2,931,695 $ 2,546,304
Schedule of Error Corrections and Prior Period Adjustments	The effects of these revisions are summarized below: (In thousands) As originally Reported Adjustment As Revised Year ended December 31, 2014 Cumulative translation adjustment $ (11,990 ) $ 12,466 $ 476 Designated derivatives, fair value adjustments 6,082 (12,466 ) (6,384 ) Total OCI $ (5,908 ) $ — $ (5,908 ) (In thousands) As originally Reported Adjustment As Revised Year ended December 31, 2015 Cumulative translation adjustment $ (5,169 ) $ 6,426 $ 1,257 Designated derivatives, fair value adjustments 6,982 (6,426 ) 556 Total OCI $ 1,813 $ — $ 1,813 (In thousands) As originally Reported Unaudited Adjustment As Revised Three months ended March 31, 2016 Cumulative translation adjustment $ 2,996 $ (2,930 ) $ 66 Designated derivatives, fair value adjustments (11,316 ) 2,930 (8,386 ) Total OCI $ (8,320 ) $ — $ (8,320 )

Merger Transaction (Tables)

Merger Transaction (Tables)	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Schedule of Merger Consideration	The fair value of the consideration transferred for the Mergers totaled $220.9 million and consisted of the following: As of Mergers Date Fair value of consideration transferred: Cash $ — Common stock 220,868 Total consideration transferred $ 220,868 The following table presents the allocation of the assets acquired and liabilities assumed during the years ended December 31, 2015 and 2014 based on contract purchase price, excluding acquisition related costs, based on the exchange rate at the time of purchase. The Company has acquired 15 properties as part of business acquisition of Global II during the year ended December 31, 2016 . Year Ended December 31 (Dollar amounts in thousands) 2015 2014 Real estate investments, at cost: Land $ 23,865 $ 288,376 Buildings, fixtures and improvements 192,052 1,450,862 Total tangible assets 215,917 1,739,238 Intangibles acquired: In-place leases 44,241 418,419 Above market lease assets 1,007 26,711 Below market lease liabilities (7,449 ) (17,513 ) Below market ground lease assets 3,363 901 Above market ground lease liabilities (2,071 ) — Goodwill — 3,665 Total assets acquired, net 255,008 2,171,421 Mortgage notes payable used to acquire real estate investments (31,933 ) (217,791 ) Credit facility borrowings used to acquire real estate investments — (446,558 ) Cash paid for acquired real estate investments $ 223,075 $ 1,507,072 Number of properties purchased 22 270
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the estimated fair values of the assets acquired and liabilities assumed, including all measurement period adjustments, at the Merger Date. (Dollar amounts in thousands) Global II Total consideration: Fair value of Company's shares of common stock issued, net of fractional shares $ 220,868 Assets Acquired at Fair Value Land 70,880 Buildings, fixtures and improvements 392,247 Acquired intangible lease assets 111,221 Total real estate investments, at fair value 574,348 Restricted cash 7,575 Derivatives, at fair value 21,808 Prepaid expenses and other assets 1,317 Related party notes receivable acquired in Merger 5,138 Due from related parties 1,463 Deferred tax assets 376 Goodwill and other intangible assets, net 10,977 Total Assets Acquired at Fair Value 623,002 Liabilities Assumed at Fair Value Mortgage notes payable 279,032 Mortgage (discount) premium, net (2,724 ) Mezzanine facility 107,047 Mezzanine discount, net (26 ) Acquired intangible lease liabilities, net 8,930 Derivatives, at fair value 3,911 Accounts payable and accrued expenses 7,212 Prepaid rent 6,001 Deferred tax liability 10,071 Taxes payable 1,661 Dividend payable 2 Total Liabilities Assumed at Fair Value 421,117 Net assets acquired excluding cash 201,885 Cash acquired on acquisition $ 18,983

Real Estate Investments, Net (T

Real Estate Investments, Net (Tables)	12 Months Ended
	Dec. 31, 2016
Real Estate [Abstract]
Schedule of Business Acquisitions, by Acquisition	The fair value of the consideration transferred for the Mergers totaled $220.9 million and consisted of the following: As of Mergers Date Fair value of consideration transferred: Cash $ — Common stock 220,868 Total consideration transferred $ 220,868 The following table presents the allocation of the assets acquired and liabilities assumed during the years ended December 31, 2015 and 2014 based on contract purchase price, excluding acquisition related costs, based on the exchange rate at the time of purchase. The Company has acquired 15 properties as part of business acquisition of Global II during the year ended December 31, 2016 . Year Ended December 31 (Dollar amounts in thousands) 2015 2014 Real estate investments, at cost: Land $ 23,865 $ 288,376 Buildings, fixtures and improvements 192,052 1,450,862 Total tangible assets 215,917 1,739,238 Intangibles acquired: In-place leases 44,241 418,419 Above market lease assets 1,007 26,711 Below market lease liabilities (7,449 ) (17,513 ) Below market ground lease assets 3,363 901 Above market ground lease liabilities (2,071 ) — Goodwill — 3,665 Total assets acquired, net 255,008 2,171,421 Mortgage notes payable used to acquire real estate investments (31,933 ) (217,791 ) Credit facility borrowings used to acquire real estate investments — (446,558 ) Cash paid for acquired real estate investments $ 223,075 $ 1,507,072 Number of properties purchased 22 270
Business Acquisition, Pro Forma Information	Year Ended December 31, (In thousands) 2016 2015 Pro forma revenues $ 258,919 $ 265,933 Pro forma net income (loss) $ 42,510 $ (15,367 ) Pro forma basic and diluted net income (loss) per share $ 0.25 $ (0.09 )
Summary of Properties Sold	The following table summarizes the aforementioned properties sold. Portfolio State Disposition Date Number of Properties Square Feet Properties Sold Fresenius II Georgia September 2, 2016 1 6,192 Garden Ridge North Carolina September 29, 2016 1 119,258 Dollar General Ohio September 29, 2016 1 9,026 Dollar General - Choctaw Oklahoma October 13, 2016 1 9,100 Dollar Tree - 8-Pack Florida October 13, 2016 8 63,510 Dollar General - Allentown Pennsylvania October 25, 2016 1 9,026 Dollar General - Uniontown Pennsylvania October 27, 2016 1 9,014 Dollar General - 15-Pack (3) October 28, 2016 15 145,938 Fresenius I South Carolina November 2, 2016 1 10,155 Garden Ridge Texas November 21, 2016 1 140,381 Hotel Winston The Netherlands December 15, 2016 1 24,283 Garden Ridge Arizona December 20, 2016 1 143,271 Garden Ridge Kentucky December 20, 2016 1 162,000 Total 34 851,154 (1) The Company has used the proceeds to pay down portion of mezzanine facility, credit facility and paid off a secondary mortgage loan on DB Luxembourg. (2) Consists of properties sold in Pennsylvania, Ohio and Oklahoma. Subsequent to the year ended December 31, 2016 , the Company has sold one property as shown in the table below: Portfolio State Disposition Date Number of Properties Square Feet Contract Sales Price (In thousands) Kulicke & Soffa Pennsylvania 2/17/17 1 88,000 $ 12,950
Finite-lived Intangible Assets Amortization Expense	Acquired intangible lease assets and lease liabilities consist of the following: December 31, (In thousands) 2016 2015 Intangible assets: In-place leases, net of accumulated amortization of $99,355 and $61,857 at December 31, 2016 and 2015, respectively $ 419,472 $ 426,434 Above-market leases, net of accumulated amortization of $5,040 and $3,279 at December 31, 2016 and 2015, respectively 33,773 22,322 Below-market ground leases, net of accumulated amortization of $339 and $115 at December 31, 2016, and 2015, respectively 29,082 4,287 Total intangible lease assets, net $ 482,327 $ 453,043 Intangible liabilities: Below-market leases, net of accumulated amortization of $5,621 and $3,296 at December 31, 2016 and 2015, respectively $ 31,175 $ 25,984 Above-market ground leases, net of accumulated amortization of $72 and $15 at December 31, 2016 and 2015, respectively 1,866 $ 1,994 Total intangible lease liabilities, net $ 33,041 $ 27,978
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The following table provides the weighted-average amortization periods as of December 31, 2016 for intangible assets and liabilities and the projected amortization expense and adjustments to revenues and property operating expense for the next five calendar years: (In thousands) Weighted-Average Amortization Years 2017 2018 2019 2020 2021 In-place leases 10.4 $ 50,728 $ 50,728 $ 50,728 $ 50,568 $ 49,366 Total to be included in depreciation and amortization $ 50,728 $ 50,728 $ 50,728 $ 50,568 $ 49,366 Above-market lease assets 14.9 $ 4,122 $ 4,122 $ 4,122 $ 4,122 $ 4,122 Below-market lease liabilities 13.1 (3,536 ) (3,536 ) (3,536 ) (3,511 ) (3,235 ) Total to be included in rental income $ 586 $ 586 $ 586 $ 611 $ 887 Below-market ground lease assets 79.8 $ 3,154 $ 3,154 $ 3,154 $ 3,154 $ 3,154 Above-market ground lease liabilities 32.7 (57 ) (57 ) (57 ) (57 ) (57 ) Total to be included in property operating expense $ 3,097 $ 3,097 $ 3,097 $ 3,097 $ 3,097
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 calendar years and thereafter as of December 31, 2016 . These amounts exclude contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indices among other items. (In thousands) Future Minimum Base Rent Payments (1) 2017 $ 224,273 2018 229,591 2019 232,458 2020 235,259 2021 233,180 Thereafter 1,015,463 Total $ 2,170,224 (1) Based on the exchange rate as of December 31, 2016 . Future minimum rental payments to be made by the Company under these noncancelable ground leases, excluding increases resulting from increases in the consumer price index, are as follows: (In thousands) Future Ground Lease Payments 2017 $ 1,261 2018 1,261 2019 1,261 2020 1,261 2021 1,261 2022 1,261 Thereafter 38,540 Total (1) $ 46,106
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 December 31, 2016 , 2015 and 2014 . December 31, Country 2016 2015 2014 Germany * * 10.9% United Kingdom 21.9% 19.2% 22.0% United States: Texas * 11.5% 10.4% ___________________________________________ * Geography's annualized rental income on a straight-line basis was not greater than 10% of total annualized rental income for all portfolio properties as of the period specified.

Mortgage Notes Payable (Tables)

Mortgage Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Mortgage notes payable as of December 31, 2016 and 2015 consisted of the following: Encumbered Properties Outstanding Loan Amount (1) Effective Interest Rate Interest Rate Country Portfolio December 31, 2016 December 31, 2015 Maturity (In thousands) (In thousands) Finland: Finnair 4 $ 29,878 $ 30,976 2.2% (2) Fixed Sep. 2020 Tokmanni 1 30,483 31,603 2.4% (2) Fixed Oct. 2020 France: Auchan (5) 1 8,732 — 1.7% (2) Fixed Dec. 2019 Pole Emploi (5) 1 6,102 — 1.7% (2) Fixed Dec. 2019 Sagemcom (5) 1 37,768 — 1.7% (2) Fixed Dec. 2019 Worldline (5) 1 5,260 — 1.9% (2) Fixed Jul. 2020 DCNS (5) 1 9,994 — 1.5% (2) Fixed Dec. 2020 ID Logistics II (5) 2 11,046 — 1.3% Fixed Jun. 2021 Germany Rheinmetall 1 11,152 11,561 2.6% (2) Fixed Jan. 2019 OBI DIY 1 4,734 4,908 2.4% Fixed Jan. 2019 RWE AG 3 65,753 68,169 1.6% (2) Fixed Oct. 2019 Rexam 1 5,534 5,737 1.8% (2) Fixed Oct. 2019 Metro Tonic 1 27,879 28,904 1.7% (2) Fixed Dec. 2019 ID Logistics I (5) 1 4,208 — 1.0% Fixed Oct. 2021 Luxembourg: DB Luxembourg (5) 1 37,873 — 1.4% (2) Fixed May 2020 The Netherlands: ING Amsterdam (5) 1 46,290 — 1.7% (2) Fixed Jun. 2020 Total EUR denominated 22 342,686 181,858 United Kingdom: McDonald's 1 938 1,125 4.1% (2) Fixed Oct. 2017 Wickes Building Supplies I 1 2,402 2,882 3.7% (2) Fixed May 2018 Everything Everywhere 1 4,936 5,922 4.0% (2) Fixed Jun. 2018 Thames Water 1 7,405 8,882 4.1% (2) Fixed Jul. 2018 Wickes Building Supplies II 1 2,036 2,443 4.2% (2) Fixed Jul. 2018 Northern Rock 2 6,479 7,772 4.4% (2) Fixed Sep. 2018 Wickes Building Supplies III 1 2,345 2,813 4.3% (2) Fixed Nov. 2018 Provident Financial 1 15,735 18,875 4.1% (2) Fixed Feb. 2019 Crown Crest 1 23,757 28,498 4.2% (2) Fixed Feb. 2019 Aviva 1 19,376 23,242 3.8% (2) Fixed Mar. 2019 Bradford & Bingley 1 9,330 11,192 3.5% (2) Fixed May 2020 Intier Automotive Interiors 1 5,831 6,995 3.5% (2) Fixed May 2020 Capgemini 1 6,788 8,142 3.2% (2) Fixed Jun. 2020 Fujitsu 3 30,581 36,684 3.2% (2) Fixed Jun. 2020 Amcor Packaging 7 3,858 4,628 3.5% (2) Fixed Jul. 2020 Fife Council 1 2,263 2,715 3.5% (2) Fixed Jul. 2020 Malthrust 3 3,949 4,737 3.5% (2) Fixed Jul. 2020 Talk Talk 1 4,721 5,663 3.5% (2) Fixed Jul. 2020 HBOS 3 6,652 7,979 3.5% (2) Fixed Jul. 2020 DFS Trading 5 12,513 15,010 3.4% (2) Fixed Aug. 2020 DFS Trading 2 2,930 3,514 3.4% (2) Fixed Aug. 2020 HP Enterprise Services 1 11,461 13,748 3.4% (2) Fixed Aug. 2020 Foster Wheeler 1 48,501 — 2.6% (2) Fixed Oct. 2018 Harper Collins 1 34,648 — 3.4% (2) Fixed Oct. 2019 NCR Dundee 1 6,960 — 2.9% (2) Fixed Apr. 2020 Total GBP denominated 43 276,395 223,461 United States: Quest Diagnostics 1 52,800 52,800 2.7% (3) Variable Sep. 2018 Western Digital 1 17,682 17,982 5.3% Fixed Jul. 2021 AT&T Services 1 33,550 33,550 2.8% (4) Variable Dec. 2020 FedEx Freight (5) 1 6,165 — 4.5% Fixed Jun. 2021 Veolia Water (5) 1 4,110 — 4.5% Fixed Jun. 2021 Puerto Rico: Encanto Restaurants 18 21,599 22,057 6.3% Fixed Jun. 2017 Total USD denominated 23 135,906 126,389 Gross mortgage notes payable 88 754,987 531,708 2.7% Deferred financing costs, net of accumulated amortization — (5,103 ) (7,446 ) —% Mortgage notes payable, net of deferred financing costs 88 $ 749,884 $ 524,262 2.7% _________________________ (1) Amounts borrowed in local currency and translated at the spot rate as of respective date. (2) Fixed as a result of an interest rate swap agreement. (3) The interest rate is 2.0% plus 1-month LIBOR. (4) The interest rate is 2.0% plus 1- month Adjusted LIBOR as defined in the mortgage agreement. (5) New mortgages acquired as part of the Merger on the Merger Date.
Schedule of Maturities of Long-term Debt	The following table presents future scheduled aggregate principal payments on the mortgage notes payable over the next five calendar years and thereafter as of December 31, 2016 : (In thousands) Future Principal Payments (1) 2017 $ 22,857 2018 127,241 2019 261,523 2020 301,537 2021 41,829 Thereafter — Total $ 754,987 _________________________ (1) Based on the exchange rate as of December 31, 2016 .

Fair Value of Financial Instr30

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value, Liabilities Measured on Recurring Basis	The following table presents information about the Company's assets and liabilities (including derivatives that are presented net) measured at fair value on a recurring basis as of December 31, 2016 and 2015 , aggregated by the level in the fair value hierarchy level within which those instruments fall. (In thousands) Quoted Prices in Active Markets Significant Other Observable Inputs Significant Unobservable Inputs Total December 31, 2016 Cross currency swaps, net (GBP & EUR) $ — $ 21,179 $ — $ 21,179 Foreign currency forwards, net (GBP & EUR) $ — $ 6,998 $ — $ 6,998 Interest rate swaps, net (GBP & EUR) $ — $ (15,457 ) $ — $ (15,457 ) Put options (GBP & EUR) $ — $ 523 $ — $ 523 OPP (see Note 13 ) $ — $ — $ (13,400 ) $ (13,400 ) December 31, 2015 Cross currency swaps, net (GBP & EUR) $ — $ 3,042 $ — $ 3,042 Foreign currency forwards, net (GBP & EUR) $ — $ 2,203 $ — $ 2,203 Interest rate swaps, net (GBP & EUR) $ — $ (5,461 ) $ — $ (5,461 ) OPP (see Note 13 ) $ — $ — $ (14,300 ) $ (14,300 )
Fair Value, Instruments Classified in Shareholders' Equity Measured on Recurring Basis, Unobservable Input Reconciliation	The following is a reconciliation of the beginning and ending balance for the changes in instruments with Level 3 inputs in the fair value hierarchy for the year ended December 31, 2016 : (In thousands) OPP Beginning balance as of December 31, 2015 $ 14,300 Fair value adjustment (900 ) Ending balance as of December 31, 2016 $ 13,400
Fair Value Inputs, Instruments Classified in Shareholders' Equity, Quantitative Information	The following table provides quantitative information about the significant Level 3 inputs used (in thousands): Financial Instrument Fair Value at December 31, 2016 Principal Valuation Technique Unobservable Inputs Input Value (In thousands) OPP $ 13,400 Monte Carlo Simulation Expected volatility 28.0%
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 December 31, December 31, December 31, December 31, Mortgage notes payable (1) (2) 3 $ 752,484 $ 747,870 $ 532,384 $ 534,041 Credit facility 3 $ 616,614 $ 616,614 $ 717,286 $ 717,286 Mezzanine facility (3) 3 $ 55,383 $ 55,400 $ — $ — _____________________________ (1) Carrying value includes $752.5 million gross mortgage notes payable and $2.5 million mortgage discounts, net as of December 31, 2016 . (2) Carrying value includes $531.7 million gross mortgage notes payable and $0.7 million mortgage premiums, net as of December 31, 2015 . (3) Carrying value includes $55.4 million Mezzanine Facility and $17,000 mezzanine discounts, net as of December 31, 2016 .

Derivative and Hedging Activi31

Derivative and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
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 consolidated balance sheets as of December 31, 2016 and 2015 : December 31, (In thousands) Balance Sheet Location 2016 2015 Derivatives designated as hedging instruments: Interest rate swaps (GBP) Derivative assets, at fair value $ — $ 567 Foreign currency forwards (EUR-USD) Derivative assets, at fair value 972 — Cross currency swaps (EUR) Derivative assets, at fair value 3,003 — Cross currency swaps (GBP) Derivative assets, at fair value 16,868 — Interest rate swaps (GBP) Derivative liabilities, at fair value (8,595 ) (3,313 ) Interest rate swaps (EUR) Derivative liabilities, at fair value (4,262 ) (2,715 ) Total $ 7,986 $ (5,461 ) Derivatives not designated as hedging instruments: Foreign currency forwards (GBP-USD) Derivative assets, at fair value $ 3,918 $ 1,090 Foreign currency forwards (EUR-USD) Derivative assets, at fair value 2,108 1,113 Put options (GBP) Derivative assets, at fair value 131 — Put options (EUR) Derivative assets, at fair value 392 — Interest rate swaps (EUR) Derivative liabilities, at fair value (2,600 ) — Cross currency swaps (GBP) Derivative assets, at fair value 477 509 Cross currency swaps (EUR) Derivative assets, at fair value 831 2,533 Total $ 5,257 $ 5,245
Offsetting Assets	The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of December 31, 2016 and 2015 . The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the accompanying consolidated balance sheets. Gross Amounts Not Offset on the Balance Sheet (In thousands) Gross Amounts of Recognized 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 December 31, 2016 $ 28,700 $ (15,457 ) $ — $ 13,243 $ — $ — $ 13,243 December 31, 2015 $ 5,812 $ (6,028 ) $ — $ (216 ) $ — $ — $ (216 )
Schedule of Interest Rate Derivatives	As of December 31, 2016 and 2015 , the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk: December 31, 2016 December 31, 2015 Derivatives Number of Instruments Notional Amount Number of Instruments Notional Amount (In thousands) (In thousands) Interest rate swaps (GBP) 21 $ 474,161 27 $ 697,925 Interest rate swaps (EUR) 14 431,213 16 561,282 Total 35 $ 905,374 43 $ 1,259,207
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 years ended December 31, 2016 , 2015 and 2014 . Year Ended December 31, (In thousands) 2016 2015 2014 Amount of (loss) gain recognized in accumulated other comprehensive (loss) income from derivatives (effective portion) $ (12,634 ) $ 8,800 $ 5,670 Amount of loss reclassified from accumulated other comprehensive income (loss) into income as interest expense (effective portion) $ (5,318 ) $ (4,166 ) $ (2,087 ) Amount of loss recognized in income on derivative instruments (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing) $ (99 ) $ (371 ) $ —
Schedule of Foreign Currency Derivatives	As of December 31, 2016 , the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operations: December 31, 2016 Derivatives Number of Notional Amount (In thousands) Cross currency swaps (EUR-USD) 3 $ 37,957 Cross currency swaps (GBP-USD) 1 60,626 Foreign currency forwards (EUR-USD) 1 10,100 Total 5 $ 108,683
Disclosure of Credit Derivatives	As of December 31, 2016 and 2015 , the Company had the following outstanding derivatives that were not designated as hedges under qualifying hedging relationships. December 31, 2016 December 31, 2015 Derivatives Number of Instruments Notional Amount Number of Instruments Notional Amount (In thousands) (In thousands) Foreign currency forwards (GBP - USD) 21 $ 18,058 40 $ 6,628 Foreign currency forwards (EUR - USD) 20 28,424 15 6,139 Cross currency swaps (GBP - USD) 3 43,457 9 82,843 Cross currency swaps (EUR - USD) 3 30,604 5 99,847 Interest rate swaps (EUR) 5 127,570 — — Options (GBP-USD) 5 3,375 — — Options (EUR-USD) 5 6,250 — — Total 62 $ 257,738 69 $ 195,457

Common Stock (Tables)

Common Stock (Tables)	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Schedule of Distributions From Tax Perspective	The following table details from a tax perspective, the portion of a distribution classified as return of capital and ordinary dividend income, per share per annum, for the years ended December 31, 2016 , 2015 and 2014 : Year Ended December 31, (In thousands) December 31, 2016 December 31, 2015 December 31, 2014 Return of capital 61.3 % $ 0.44 63.1 % $ 0.45 70.4 % $ 0.50 Ordinary dividend income 38.7 % 0.27 36.9 % 0.26 29.6 % 0.21 Total 100.0 % $ 0.71 100.0 % $ 0.71 100.0 % $ 0.71
Schedule of Stock by Class	The following table reflects the cumulative number of common shares repurchased as of December 31, 2015 and 2016 : Number of Shares Repurchased Weighted Average Price per Share Cumulative repurchases as of December 31, 2015 12,139,854 $ 10.49 Redemptions — — Cumulative repurchases as of December 31, 2016 12,139,854 $ 10.49

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
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 calendar years and thereafter as of December 31, 2016 . These amounts exclude contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indices among other items. (In thousands) Future Minimum Base Rent Payments (1) 2017 $ 224,273 2018 229,591 2019 232,458 2020 235,259 2021 233,180 Thereafter 1,015,463 Total $ 2,170,224 (1) Based on the exchange rate as of December 31, 2016 . Future minimum rental payments to be made by the Company under these noncancelable ground leases, excluding increases resulting from increases in the consumer price index, are as follows: (In thousands) Future Ground Lease Payments 2017 $ 1,261 2018 1,261 2019 1,261 2020 1,261 2021 1,261 2022 1,261 Thereafter 38,540 Total (1) $ 46,106

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
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: Year Ended December 31, 2016 2015 2014 (Receivable) Payable as of December 31, (In thousands) Incurred Forgiven Incurred Forgiven Incurred Forgiven 2016 2015 2014 One-time fees and reimbursements: Related party notes receivable acquired in Merger $ — $ — $ — $ — $ — $ — $ (5,138 ) (10) $ — $ — Acquisition fees and related cost reimbursements (1) — — 735 — 32,915 — — — 2 Strategic advisory fees — — — — 561 — — — — Fees on gain from sale of investments 923 — — — — — 923 (5) — — Financing coordination fees (2) 16 — 1,159 — 6,546 — 16 (5) 466 (7) — Ongoing fees: Asset management fees (3) 18,230 — 13,501 — — — 447 (5) 217 (8) — Property management and leasing fees (4) 3,802 2,281 3,982 2,507 1,316 690 252 (5) 91 — 52 Total related party operational fees and reimbursements $ 22,971 $ 2,281 $ 19,377 $ 2,507 $ 41,338 $ 690 $ (3,500 ) (6) $ 774 (9) $ 54 ___________________________________________________________________________ (1) These related party fees are recorded within acquisition and transaction related costs on the consolidated statements of operations. (2) These related party fees are recorded as deferred financing costs and amortized over the term of the respective financing arrangement. (3) From January 1, 2013 to April 1, 2015, the Company caused the OP to issue to the Advisor (subject to periodic approval by the board of directors) restricted performance based Class B Units for asset management services, which would vest if certain conditions occur. At the Listing Date, all Class B Units held by the Advisor converted to OP Units. From April 1, 2015 until the Listing Date, the Company paid the Advisor asset management fees in cash (as elected by the Advisor). From the Listing Date, the Advisor received asset management fees in cash in accordance with the Advisory Agreement. No Incentive Compensation or variable compensation was paid for the years ended December 31, 2016 and 2015 . (4) The Advisor waived 100% of fees from U.S. assets and its allocated portion of 50% of fees from European assets. (5) Balance included within due to related parties on the consolidated balance sheets as of December 31, 2016 . (6) In addition, as of December 31, 2016 due to related parties includes $0.5 million of accruals, of which $0.2 million of costs accrued for transfer agent and personnel services received from the Company's related parties including ANST and $0.3 million to Advisor and RCS, of which $0.3 million are recorded within offering costs, $0.2 million in general and administrative expenses, and $20,000 in other expense reimbursement on the consolidated statements of operations for the year ended December 31, 2016 , are not reflected in the table above. (7) Balance included within accounts payable and accrued expenses on the consolidated balance sheets as of December 31, 2015 . (8) Balance included within due to related parties on the consolidated balance sheets as of December 31, 2015 . In addition, due to affiliates includes $0.8 million of costs accrued for transfer asset and personnel services received from the Company's affiliated parties including ANST, Advisor and RCS which are recorded within general and administrative expenses on the consolidated statements of operations for the year ended December 31, 2015 and the expense is not reflected in the table above. (9) In addition, as of December 31, 2015 due to related parties includes $0.2 million , of which $36,253 of costs accrued for transfer agent and personnel services received from the Company's related parties including ANST and $0.1 million to Advisor and RCS, which are recorded within general and administrative expenses on the consolidated statements of operations for the year ended December 31, 2015 , are not reflected in the table above. (10) Balance included within r elated party notes receivable acquired in Merger on the on the consolidated balance sheets as of December 31, 2016 . In addition, the $16,000 due from related parties as of December 31, 2016 is not included in the table above.
Schedule of General and Administrative Expenses Absorbed by Affiliate	The following table details property operating and general and administrative expenses absorbed by the Advisor during the three years ended December 31, 2016 , 2015 , and 2014 : Year Ended December 31, (In thousands) 2016 2015 2014 Property operating expenses absorbed $ — $ — $ 178 General and administrative expenses absorbed — — — Total expenses absorbed (1) $ — $ — $ 178 ___________________________________________________ (1) The Company had $0.5 million of receivables from the Advisor related to absorbed costs as of December 31, 2014.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2016
Share-based Compensation [Abstract]
Schedule of Restricted Share Award Activity	The following table reflects restricted share award activity for the years ended December 31, 2016 , 2015 and 2014 . Number of Restricted Shares Weighted-Average Issue Price Unvested, December 31, 2013 16,200 $ 9.00 Granted 9,000 9.00 Vested (10,800 ) 9.00 Unvested, December 31, 2014 14,400 9.00 Granted prior to Listing Date (1) 3,000 9.00 One-time Listing Grant 160,000 8.52 Granted (2) 27,938 8.84 Vested (3) (17,400 ) 9.00 Unvested, December 31, 2015 187,938 8.57 Granted 36,634 7.53 Vested (41,274 ) 8.59 Unvested, December 31, 2016 183,298 $ 8.36 ____________________________ (1) Based on the original RSP in place prior to April 8, 2015 . (2) Based on the Amended RSP which provides an annual retainer to: (i) all independent directors; (ii) independent directors serving on the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee; and (iii) the non-executive chair. (3) RSUs granted prior to April 8, 2015 vested immediately prior to the Listing.
Schedule of Share Based Compensation Total Return	The Advisor will be eligible to earn a number of LTIP Units with a value equal to a portion of the OPP Cap upon the first, second and third anniversaries of the Effective Date, which is the Listing Date, June 2, 2015 , based on the Company’s achievement of certain levels of total return to its stockholders (“Total Return”), including both share price appreciation and Common Stock dividends, as measured against a peer group of companies, as set forth below, for the three-year performance period commencing on the Effective Date (the “ Three -Year Period”); each 12-month period during the Three -Year Period (the “ One -Year Periods”); and the initial 24-month period of the Three -Year Period (the “ Two -Year Period”), as follows: Performance Period Annual Period Interim Period Absolute Component: 4% of any excess Total Return attained above an absolute hurdle measured from the beginning of such period: 21% 7% 14% Relative Component: 4% of any excess Total Return attained above the Total Return for the performance period of the Peer Group*, subject to a ratable sliding scale factor as follows based on achievement of cumulative Total Return measured from the beginning of such period: • 100% will be earned if cumulative Total Return achieved is at least: 18% 6% 12% • 50% will be earned if cumulative Total Return achieved is: —% —% —% • 0% will be earned if cumulative Total Return achieved is less than: —% —% —% • a percentage from 50% to 100% calculated by linear interpolation will be earned if the cumulative Total Return achieved is between: 0% - 18% 0% - 6% 0% - 12% __________________________________ * The “Peer Group” is comprised of Gramercy Property Trust Inc., Lexington Realty Trust, Select Income REIT, and W.P. Carey Inc.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2016
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 years ended December 31, 2016 , 2015 and 2014 : Year Ended December 31, (In thousands, except share and per share data) 2016 2015 2014 Net income (loss) attributable to stockholders $ 47,140 $ (2,065 ) $ (53,594 ) Adjustments to net income (loss) attributable to stockholders for common share equivalents (773 ) (442 ) — Adjusted net income (loss) attributable to stockholders 46,367 (2,507 ) (53,594 ) Basic and diluted net income (loss) per share 0.27 $ (0.01 ) $ (0.43 ) Basic and diluted weighted average shares outstanding 170,161,344 174,309,894 126,079,369
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	For the years ended December 31, 2016 , 2015 and 2014 , the following common share equivalents were excluded from the calculation of diluted earnings per share: December 31, 2016 2015 2014 Unvested restricted stock 183,298 187,938 14,400 OP Units (1) 545,530 1,809,678 22 Class B Units — — 705,743 OPP (LTIP Units) 9,041,801 9,041,801 — Total anti-dilutive common share equivalents 9,770,629 11,039,417 720,165 (1) As of December 31, 2015 , OP Units included 1,726,323 converted Class B Units, 83,333 OP Units issued to the Advisor, and 22 OP Units issued to the Special Limited Partner. Subsequent to the Listing all OP Units issued to the Advisor were transferred to individual investors. On September 2, 2016, 1,264,148 of OP Units were converted into Common Stock, of which 916,231 , 347,903 , and 14 belong to individual members and employees of AR Global, Service Provider, and, Special Limited Partner, respectively. There were 545,530 OP Units outstanding that were held by parties other than the Company as of December 31, 2016 .

Quarterly Results (Unaudited) (

Quarterly Results (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	Presented below is a summary of the unaudited quarterly financial information for years ended December 31, 2016 and 2015 : (In thousands, except share and per share data) Quarters Ended 2016 March 31, June 30, September 30, December 31, Total revenue $ 54,954 $ 53,196 $ 53,251 $ 52,773 Net income (loss) attributable to stockholders $ 6,488 $ 15,763 $ 8,943 $ 15,946 Adjustments to net income (loss) attributable to stockholders for common share equivalents (195 ) (193 ) (190 ) (195 ) Adjusted net income (loss) attributable to stockholders $ 6,293 $ 15,570 $ 8,753 $ 15,751 Basic and diluted weighted average shares outstanding 168,936,633 168,948,472 169,390,187 173,343,587 Basic and diluted net income (loss) per share attributable to stockholders $ 0.04 $ 0.09 $ 0.05 $ 0.09 (In thousands, except share and per share data) Quarters Ended 2015 March 31, (1) June 30, September 30, (2) December 31, (3) Total revenue $ 49,969 $ 49,068 $ 50,252 $ 56,043 Net income (loss) attributable to stockholders $ 25,855 $ (45,664 ) $ 5,432 $ 12,312 Adjustments to net income (loss) attributable to stockholders for common share equivalents — — (249 ) (193 ) Adjusted net income (loss) attributable to stockholders $ 25,855 $ (45,664 ) $ — $ 5,183 $ — $ 12,119 Basic and diluted weighted average shares outstanding 179,156,462 180,380,436 168,948,345 168,936,633 Basic and diluted net income (loss) per share attributable to stockholders $ 0.14 $ (0.25 ) $ 0.03 $ 0.07 _______________________ (1) As discussed in Note 2 — Summary of Significant Accounting Policies , the Company reflected adjustments in the three months periods ended March 31, 2015 and December 31, 2015 to correct errors in straight-line rent and taxes relating to fiscal 2014. (2) The Company identified errors in accounting for certain cross currency derivatives that were no longer designated as hedges subsequent to their restructuring on February 4, 2015 (see Note 8 — Derivatives and Hedging Activities ) where gains that should have been included in net income (loss) were instead included in other comprehensive income (loss) of approximately $0.5 million and $0.6 million during the thee month periods ended March 31, 2015 and June 30, 2015, respectively. The Company has concluded that these adjustments are not material to the financial position or results of operations for the current period or any of the respective prior periods, accordingly, the Company recorded the additional gains on these non-designated derivative instruments of $1.1 million during the three month period ended September 30, 2015. (3) During the fourth quarter of 2015, the Company recorded an out-of-period adjustment to correct for an error identified in accounting for certain accrued operating expense reimbursement revenue totaling approximately $1.0 million , of which approximately $0.4 million , $0.3 million and $0.3 million related to three month periods ended March 31, 2015, June 30, 2015 and September 30, 2015, respectively. The Company concluded that this adjustment was not material to its financial position and results of operations for the current period or any of the prior periods, accordingly, the Company reversed the accrued operating expense reimbursement revenue of $1.0 million during the three month period ended December 31, 2015.

Subsequent Events (Tables)

Subsequent Events (Tables)	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Summary of Properties Sold	The following table summarizes the aforementioned properties sold. Portfolio State Disposition Date Number of Properties Square Feet Properties Sold Fresenius II Georgia September 2, 2016 1 6,192 Garden Ridge North Carolina September 29, 2016 1 119,258 Dollar General Ohio September 29, 2016 1 9,026 Dollar General - Choctaw Oklahoma October 13, 2016 1 9,100 Dollar Tree - 8-Pack Florida October 13, 2016 8 63,510 Dollar General - Allentown Pennsylvania October 25, 2016 1 9,026 Dollar General - Uniontown Pennsylvania October 27, 2016 1 9,014 Dollar General - 15-Pack (3) October 28, 2016 15 145,938 Fresenius I South Carolina November 2, 2016 1 10,155 Garden Ridge Texas November 21, 2016 1 140,381 Hotel Winston The Netherlands December 15, 2016 1 24,283 Garden Ridge Arizona December 20, 2016 1 143,271 Garden Ridge Kentucky December 20, 2016 1 162,000 Total 34 851,154 (1) The Company has used the proceeds to pay down portion of mezzanine facility, credit facility and paid off a secondary mortgage loan on DB Luxembourg. (2) Consists of properties sold in Pennsylvania, Ohio and Oklahoma. Subsequent to the year ended December 31, 2016 , the Company has sold one property as shown in the table below: Portfolio State Disposition Date Number of Properties Square Feet Contract Sales Price (In thousands) Kulicke & Soffa Pennsylvania 2/17/17 1 88,000 $ 12,950

Organization (Details)

Organization (Details) $ / shares in Units, ft² in Millions, $ in Millions	Sep. 02, 2016shares	Dec. 31, 2015$ / sharesshares	Jul. 06, 2015USD ($)$ / sharesshares	Jun. 02, 2015$ / sharesshares	Jun. 30, 2014$ / sharesshares	Dec. 31, 2016ft²property$ / sharesshares	Dec. 31, 2015$ / sharesshares	Dec. 31, 2014shares	Dec. 22, 2016property	Apr. 08, 2015$ / shares
Operations [Line Items]
Number of real estate properties (property) | property						310
Square Feet | ft²						22
Occupancy rate (percent)						100.00%
Weighted average remaining lease term (years)						9 years 9 months 6 days
Common stock, issued (in shares)		168,936,633				198,775,675	168,936,633
Common stock, par value (in dollars per share) | $ / shares		$ 0.01			$ 0.01	$ 0.01	$ 0.01			$ 0.01
Common stock issued through dividend reinvestment plan (in shares)					1,100,000
Antidilutive securities (in shares)						9,770,629	11,039,417	720,165
OP Units
Operations [Line Items]
Antidilutive securities (in shares)				1,809,678		545,530	1,809,678	22
Conversion of stock (in shares)	1,264,148
OP Units | Advisor
Operations [Line Items]
Antidilutive securities (in shares)		83,333		1,461,753
OP Units | Service Provider
Operations [Line Items]
Antidilutive securities (in shares)				347,903
Conversion of stock (in shares)	347,903
OP Units | Limited Partner
Operations [Line Items]
Antidilutive securities (in shares)		22		22
Conversion of stock (in shares)	14
OP Units | Investor
Operations [Line Items]
Conversion of stock (in shares)	916,231
Common Stock
Operations [Line Items]
Share price (in dollars per share) | $ / shares					$ 10
Tender offer (shares)				11,900,000
Tender offer price (usd per share) | $ / shares			$ 10.5	$ 10.5
Tender offer common stock purchases (shares)			11,900,000
Tender offer common stock purchases | $			$ 125
IPO
Operations [Line Items]
Common stock, issued (in shares)					172,300,000
United States
Operations [Line Items]
Number of real estate properties (property) | property									2
Target portfolio investment (percent)						49.20%
Europe
Operations [Line Items]
Number of real estate properties (property) | property									10
Target portfolio investment (percent)						50.80%
United Kingdom
Operations [Line Items]
Number of real estate properties (property) | property									3

Summary of Significant Accoun40

Summary of Significant Accounting Policies - Narrative (Details) $ / shares in Units, ft² in Millions	Jun. 02, 2015	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)$ / shares	Mar. 31, 2015USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2016USD ($)ft²tenantsegmentproperty$ / shares	Dec. 31, 2015USD ($)property$ / shares	Dec. 31, 2014USD ($)	Jan. 31, 2016USD ($)	Apr. 08, 2015$ / shares	Jun. 30, 2014$ / shares	Dec. 31, 2013USD ($)
Summary Of Significant Accounting Policies [Line Items]
Straight-line rents receivable			$ 23,048,000			$ 30,459,000	$ 23,048,000
Unbilled rental revenue						$ (10,613,000)	$ (14,809,000)	$ (8,679,000)
Number of real estate properties held for sale (property) | property						0	0
Useful life, buildings (years)						40 years
Useful life, land improvements (years)						15 years
Useful life, fixtures and improvements (years)						5 years
Cash and cash equivalents			69,938,000			$ 69,831,000	$ 69,938,000	64,684,000				$ 11,500,000
Cash in excess of FDIC limit			40,300,000			11,500,000	40,300,000
Cash in excess of FSCS limit			11,400,000			12,900,000	11,400,000
Cash in excess of European limits			11,700,000			43,400,000	11,700,000
Restricted cash			$ 3,319,000			$ 7,497,000	$ 3,319,000
Common stock, par value (in dollars per share) | $ / shares			$ 0.01			$ 0.01	$ 0.01			$ 0.01	$ 0.01
Current income tax provision						$ 2,500,000	$ 5,100,000	700,000
Deferred income tax provision (benefit)						1,900,000	800,000	(2,100,000)
Valuation allowance			$ 4,300,000			2,400,000	4,300,000
Income tax (expense) benefit						$ 4,422,000	5,889,000	(1,431,000)
Number of reportable segments (segment) | segment						1
Number of real estate properties (property) | property						310
Number of tenants | tenant						95
Occupancy rate (percent)						100.00%
Square Feet | ft²						22
Cash used in financing activities						$ 240,878,000	(121,604,000)	(1,582,907,000)
Rental income						204,049,000	194,620,000	$ 88,158,000
Accrued rent			15,491,000			18,429,000	15,491,000
Listing Amount (percent)	15.00%
Cumulative, non-compounded, pre-tax annual return (percent)	6.00%
Listing amount distribution measurement period (days)	30 days
Derivative liability			6,028,000			15,457,000	6,028,000
Deferred debt issuance costs			7,446,000			$ 5,103,000	7,446,000
Deferred Costs | Accounting Standards Update 2015-03
Summary Of Significant Accounting Policies [Line Items]
Deferred debt issuance costs			(7,400,000)				(7,400,000)
Mortgage Notes Payable | Accounting Standards Update 2015-03
Summary Of Significant Accounting Policies [Line Items]
Deferred debt issuance costs			7,400,000				7,400,000
Multi-Year Outperformance Plan
Summary Of Significant Accounting Policies [Line Items]
Equity based compensation, requisite service period (years)	5 years					5 years
Listing Note
Summary Of Significant Accounting Policies [Line Items]
Derivative liability									$ 0
Adjustment | Not Designated as Hedging Instrument
Summary Of Significant Accounting Policies [Line Items]
Gains included in other comprehensive income (loss)				$ 500,000
Reclassification from Cash and Cash Equivalents to Restricted Cash [Member] | Adjustment
Summary Of Significant Accounting Policies [Line Items]
Cash and cash equivalents			1,700,000				$ 1,700,000
Cash used in financing activities		$ 1,700,000
Straight-Line Rent Effect, Termination Payments Under Lease Cancellation Clauses
Summary Of Significant Accounting Policies [Line Items]
Rental income					$ 300,000
Accrued rent					300,000
Change in Tax Valuation
Summary Of Significant Accounting Policies [Line Items]
Income tax (expense) benefit			$ 500,000		900,000
Change in Tax Valuation | Foreign Tax Authority
Summary Of Significant Accounting Policies [Line Items]
Income tax (expense) benefit					1,200,000
Change in Tax Valuation | Deferred Tax Asset
Summary Of Significant Accounting Policies [Line Items]
Income tax (expense) benefit					$ 300,000
Minimum
Summary Of Significant Accounting Policies [Line Items]
Lease-up period (months)						12 months
Maximum
Summary Of Significant Accounting Policies [Line Items]
Lease-up period (months)						18 months

Summary of Significant Accoun41

Summary of Significant Accounting Policies - Geographic Distribution of Real Estate Investments (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Total revenue	$ 52,773	$ 53,251	$ 53,196	$ 54,954	$ 56,043	$ 50,252	$ 49,068	$ 49,969	$ 214,174	$ 205,332	$ 93,383
Investments in Real Estate	2,931,695				2,546,304				2,931,695	2,546,304
Real Estate Investing
Segment Reporting Information [Line Items]
Total revenue									214,174	205,332	93,383
Investments in Real Estate	2,931,695				2,546,304				2,931,695	2,546,304
Real Estate Investing | United States
Segment Reporting Information [Line Items]
Total revenue									133,315	130,598	65,651
Investments in Real Estate	1,542,958				1,610,720				1,542,958	1,610,720
Real Estate Investing | United Kingdom
Segment Reporting Information [Line Items]
Total revenue									37,263	40,830	18,199
Investments in Real Estate	571,246				441,586				571,246	441,586
Real Estate Investing | Europe
Segment Reporting Information [Line Items]
Total revenue									43,596	33,904	$ 9,533
Investments in Real Estate	$ 817,491				$ 493,998				$ 817,491	$ 493,998

Summary of Significant Accoun42

Summary of Significant Accounting Policies - Revisions (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cumulative translation adjustment	$ 66	$ (6,447)	$ 1,257	$ 476
Designated derivatives, fair value adjustments	(8,386)	(6,705)	556	(6,384)
Other comprehensive (loss) income	(8,320)	$ (13,152)	1,813	(5,908)
As originally reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cumulative translation adjustment	2,996		(5,169)	(11,990)
Designated derivatives, fair value adjustments	(11,316)		6,982	6,082
Other comprehensive (loss) income	(8,320)		1,813	(5,908)
Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cumulative translation adjustment	(2,930)		6,426	12,466
Designated derivatives, fair value adjustments	2,930		(6,426)	(12,466)
Other comprehensive (loss) income	$ 0		$ 0	$ 0

Merger Transaction - Narrative

Merger Transaction - Narrative (Details) $ / shares in Units, $ in Thousands	Dec. 22, 2016USD ($)installment$ / sharesshares	Dec. 21, 2016USD ($)$ / shares	Dec. 16, 2016USD ($)shares	Dec. 31, 2016USD ($)$ / shares	Dec. 31, 2015USD ($)$ / shares	Apr. 08, 2015$ / shares	Jun. 30, 2014$ / shares
Business Acquisition [Line Items]
Common stock, par value (usd per share)				$ 0.01	$ 0.01	$ 0.01	$ 0.01
Reimbursement from related party | $				$ 5,138	$ 0
The Letter Agreement
Business Acquisition [Line Items]
Reimbursement from related party | $	$ 5,100		$ 6,300
Percent over gross offering proceeds to trigger Advisor reimbursement			2.00%
Period of installments			8 months
Number of equal cash installments | installment	8
Multiple for valuing Class B Units			2.27
Period for valuing Class B Units			30 days
Class B Units | The Letter Agreement
Business Acquisition [Line Items]
Number of shares as reimbursement (shares) | shares			66,344
Common Stock
Business Acquisition [Line Items]
Share price (in dollars per share)							$ 10
Merger Agreement
Business Acquisition [Line Items]
Common stock, par value (usd per share)	$ 0.01
Equity consideration (shares) | shares	28,700,000
Value of consideration | $	$ 220,868	$ 220,900
Merger Agreement | Common Stock
Business Acquisition [Line Items]
Common stock conversion ratio	2.27
Share price (in dollars per share)		$ 7.70
Merger Agreement | Common Stock | Class B Units
Business Acquisition [Line Items]
Common stock conversion ratio	2.27
Merger Agreement | American Realty Capital Global Trust II, Inc.
Business Acquisition [Line Items]
Common stock, par value (usd per share)	$ 0.01

Merger Transaction - Considerat

Merger Transaction - Consideration Transferred (Details) - Merger Agreement - USD ($) $ in Thousands	Dec. 22, 2016	Dec. 21, 2016
Business Acquisition [Line Items]
Cash	$ 0
Common stock	220,868
Total consideration transferred	$ 220,868	$ 220,900

Merger Transaction - Assets Acq

Merger Transaction - Assets Acquired and Liabilities Assumed (Details) - Merger Agreement $ in Thousands	Dec. 22, 2016USD ($)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Land	$ 70,880
Buildings, fixtures and improvements	392,247
Acquired intangible lease assets	111,221
Total real estate investments, at fair value	574,348
Restricted cash	7,575
Derivatives, at fair value	21,808
Prepaid expenses and other assets	1,317
Related party notes receivable acquired in Merger	5,138
Due from related parties	1,463
Deferred tax assets	376
Goodwill and other intangible assets, net	10,977
Total Assets Acquired at Fair Value	623,002
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Net assets acquired excluding cash	220,868
Mortgage notes payable	279,032
Mortgage (discount) premium, net	(2,724)
Mezzanine facility	107,047
Mezzanine discount, net	(26)
Acquired intangible lease liabilities, net	8,930
Derivatives, at fair value	3,911
Accounts payable and accrued expenses	7,212
Prepaid rent	6,001
Deferred tax liability	10,071
Taxes payable	1,661
Dividend payable	2
Total Liabilities Assumed at Fair Value	421,117
Net assets acquired excluding cash	201,885
Cash acquired on acquisition	$ 18,983

Real Estate Investments, Net -

Real Estate Investments, Net - Property Acquisitions (Details) $ in Thousands		12 Months Ended
		Dec. 31, 2016USD ($)property	Dec. 31, 2015USD ($)property	Dec. 31, 2014USD ($)property
Real estate investments, at cost:
Land			$ 23,865	$ 288,376
Buildings, fixtures and improvements			192,052	1,450,862
Total tangible assets			215,917	1,739,238
Intangibles acquired:
Goodwill			0	3,665
Total assets acquired, net			255,008	2,171,421
Mortgage notes payable used to acquire real estate investments			(31,933)	(217,791)
Credit facility borrowings used to acquire real estate investments	[1]	$ 0	0	(446,558)
Cash paid for acquired real estate investments			$ 223,075	$ 1,507,072
Number of properties purchased | property			22	270
In-place leases
Intangibles acquired:
Assets Acquired			$ 44,241	$ 418,419
Above market lease assets
Intangibles acquired:
Assets Acquired			1,007	26,711
Below market lease liabilities
Intangibles acquired:
Assets Acquired			(7,449)	(17,513)
Below market ground lease assets
Intangibles acquired:
Assets Acquired			3,363	901
Above market ground lease liabilities
Intangibles acquired:
Assets Acquired			$ (2,071)	$ 0
Merger Agreement
Revenue from External Customer [Line Items]
Real estate acquisitions (property) | property		15
[1]	Excludes non-cash activity in connection with the Merger transaction (see Note 3 — Merger Transaction).

Real Estate Investments, Net 47

Real Estate Investments, Net - Acquisitions, Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Real Estate [Abstract]
Acquisition and transaction related expenses	$ 9,792	$ 6,053	$ 83,498
Pro forma revenues	258,919	265,933
Pro forma net income (loss)	$ 42,510	$ (15,367)
Pro forma basic and diluted net income (loss) per share	$ 0.25	$ (0.09)

Real Estate Investments, Net 48

Real Estate Investments, Net - Real Estate Dispositions (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)ft²property	Dec. 31, 2015USD ($)property	Dec. 31, 2014USD ($)
Real Estate [Line Items]
Number of real estate properties held for sale (property) | property	0	0
Square Feet | ft²	22,000,000
Proceeds from sale of real estate investments | $	$ 107,789	$ 0	$ 0
Gains on dispositions of real estate investments | $	13,341	0	$ 0
Due to related parties | $	$ 2,162	$ 399
Disposal Group, Disposed of by Sale, Not Discontinued Operations
Real Estate [Line Items]
Number of properties sold (property) | property	34	0
Square Feet | ft²	851,154
Proceeds from sale of real estate investments | $	$ 110,416
Gains on dispositions of real estate investments | $	14,264
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Advisor
Real Estate [Line Items]
Due to related parties | $	$ 900
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Fresenius II
Real Estate [Line Items]
Number of properties sold (property) | property	1
Square Feet | ft²	6,192
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Garden Ridge
Real Estate [Line Items]
Number of properties sold (property) | property	1
Square Feet | ft²	119,258
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Dollar General
Real Estate [Line Items]
Number of properties sold (property) | property	1
Square Feet | ft²	9,026
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Dollar General - Choctaw
Real Estate [Line Items]
Number of properties sold (property) | property	1
Square Feet | ft²	9,100
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Dollar Tree - 8-Pack
Real Estate [Line Items]
Number of properties sold (property) | property	8
Square Feet | ft²	63,510
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Dollar General - Allentown
Real Estate [Line Items]
Number of properties sold (property) | property	1
Square Feet | ft²	9,026
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Dollar General - Uniontown
Real Estate [Line Items]
Number of properties sold (property) | property	1
Square Feet | ft²	9,014
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Dollar General - 15-Pack
Real Estate [Line Items]
Number of properties sold (property) | property	15
Square Feet | ft²	145,938
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Fresenius I
Real Estate [Line Items]
Number of properties sold (property) | property	1
Square Feet | ft²	10,155
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Garden Ridge - Texas
Real Estate [Line Items]
Number of properties sold (property) | property	1
Square Feet | ft²	140,381
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Hotel Winston
Real Estate [Line Items]
Number of properties sold (property) | property	1
Square Feet | ft²	24,283
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Garden Ridge - Arizona
Real Estate [Line Items]
Number of properties sold (property) | property	1
Square Feet | ft²	143,271
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Garden Ridge - Kentucky
Real Estate [Line Items]
Number of properties sold (property) | property	1
Square Feet | ft²	162,000

Real Estate Investments, Net 49

Real Estate Investments, Net - Intangible Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Intangible assets:
In-place leases, net of accumulated amortization of $99,355 and $61,857 at December 31, 2016 and 2015, respectively	$ 419,472	$ 426,434
Accumulated amortization, in-place lease	99,355	61,857
Above-market leases, net of accumulated amortization of $5,040 and $3,279 at December 31, 2016 and 2015, respectively	33,773	22,322
Accumulated amortization, above-market lease	5,040	3,279
Below-market ground leases, net of accumulated amortization of $339 and $115 at December 31, 2016, and 2015, respectively	29,082	4,287
Accumulated amortization, below-market ground lease	339	115
Total intangible lease assets, net	482,327	453,043
Intangible liabilities:
Below-market leases, net of accumulated amortization of $5,621 and $3,296 at December 31, 2016 and 2015, respectively	31,175	25,984
Accumulated amortization, below-market lease	5,612	3,296
Above-market ground leases, net of accumulated amortization of $72 and $15 at December 31, 2016 and 2015, respectively	1,866	1,994
Accumulated amortization, above-market lease	72	15
Total intangible lease liabilities, net	$ 33,041	$ 27,978

Real Estate Investments, Net 50

Real Estate Investments, Net - Amortization Periods and Projected Amortization Expense for Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Real Estate [Line Items]
Amortization of intangibles	$ 44,122	$ 42,421	$ 19,531
2017 | Depreciation and Amortization
Real Estate [Line Items]
Amortization of intangibles	50,728
2017 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	586
2017 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	3,097
2018 | Depreciation and Amortization
Real Estate [Line Items]
Amortization of intangibles	50,728
2018 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	586
2018 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	3,097
2019 | Depreciation and Amortization
Real Estate [Line Items]
Amortization of intangibles	50,728
2019 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	586
2019 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	3,097
2020 | Depreciation and Amortization
Real Estate [Line Items]
Amortization of intangibles	50,568
2020 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	611
2020 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	3,097
2021 | Depreciation and Amortization
Real Estate [Line Items]
Amortization of intangibles	49,366
2021 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	887
2021 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	$ 3,097
In-place leases | Depreciation and Amortization
Real Estate [Line Items]
Weighted-Average Amortization Years	10 years 5 months
In-place leases | 2017 | Depreciation and Amortization
Real Estate [Line Items]
Amortization of intangibles	$ 50,728
In-place leases | 2018 | Depreciation and Amortization
Real Estate [Line Items]
Amortization of intangibles	50,728
In-place leases | 2019 | Depreciation and Amortization
Real Estate [Line Items]
Amortization of intangibles	50,728
In-place leases | 2020 | Depreciation and Amortization
Real Estate [Line Items]
Amortization of intangibles	50,568
In-place leases | 2021 | Depreciation and Amortization
Real Estate [Line Items]
Amortization of intangibles	$ 49,366
Above market lease assets | Rental Income
Real Estate [Line Items]
Weighted-Average Amortization Years	14 years 10 months 30 days
Above market lease assets | 2017 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	$ 4,122
Above market lease assets | 2018 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	4,122
Above market lease assets | 2019 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	4,122
Above market lease assets | 2020 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	4,122
Above market lease assets | 2021 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	$ 4,122
Below market lease liabilities | Rental Income
Real Estate [Line Items]
Weighted-Average Amortization Years	13 years 1 month
Below market lease liabilities | 2017 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	$ (3,536)
Below market lease liabilities | 2018 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	(3,536)
Below market lease liabilities | 2019 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	(3,536)
Below market lease liabilities | 2020 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	(3,511)
Below market lease liabilities | 2021 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	$ (3,235)
Below market ground lease assets | Property Operating Expense
Real Estate [Line Items]
Weighted-Average Amortization Years	79 years 10 months
Below market ground lease assets | 2017 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	$ 3,154
Below market ground lease assets | 2018 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	3,154
Below market ground lease assets | 2019 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	3,154
Below market ground lease assets | 2020 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	3,154
Below market ground lease assets | 2021 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	$ 3,154
Above market ground lease liabilities | Property Operating Expense
Real Estate [Line Items]
Weighted-Average Amortization Years	32 years 8 months
Above market ground lease liabilities | 2017 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	$ (57)
Above market ground lease liabilities | 2018 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	(57)
Above market ground lease liabilities | 2019 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	(57)
Above market ground lease liabilities | 2020 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	(57)
Above market ground lease liabilities | 2021 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	$ (57)

Real Estate Investments, Net 51

Real Estate Investments, Net - Future Minimum Rental Payments for Operating Leases (Details) $ in Thousands	Dec. 31, 2016USD ($)
Real Estate [Abstract]
2,017	$ 224,273
2,018	229,591
2,019	232,458
2,020	235,259
2,021	233,180
Thereafter	1,015,463
Total	$ 2,170,224

Real Estate Investments, Net 52

Real Estate Investments, Net - Revenue from External Customers and Long-Lived Assets, by Geographical Areas (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Germany
Real Estate Investments [Line Items]
Entity wide revenue percentage			10.90%
United Kingdom
Real Estate Investments [Line Items]
Entity wide revenue percentage	21.90%	19.20%	22.00%
Texas
Real Estate Investments [Line Items]
Entity wide revenue percentage		11.50%	10.40%

Credit Borrowings (Details)

Credit Borrowings (Details) £ in Millions

Aug. 08, 2016USD ($)

Jul. 25, 2016USD ($)

Jul. 25, 2013USD ($)

Dec. 31, 2016USD ($)

Dec. 31, 2016EUR (€)

Dec. 31, 2016GBP (£)

Dec. 22, 2016USD ($)

Dec. 31, 2015USD ($)

Dec. 31, 2015EUR (€)

Dec. 31, 2015GBP (£)

Feb. 04, 2015EUR (€)

Feb. 04, 2015GBP (£)

Line of Credit Facility [Line Items]

Credit facility

$ 616,614,000

$ 717,286,000

Debt outstanding

55,400,000

0

Carrying value of encumbered assets

$ 1,500,000,000

Mortgage notes payable

Line of Credit Facility [Line Items]

Effective interest rate (percent)

2.70%

2.70%

2.70%

Mezzanine Loan Facility | Mortgage notes payable

Line of Credit Facility [Line Items]

Borrowings | €

€ 128,000,000

Fair value of debt

$ 107,000,000

Stated interest rate

8.25%

8.25%

8.25%

Leverage as a percent of net purchase price

82.50%

82.50%

82.50%

Leverage as a percent of net purchase price to trigger an increased interest rate

77.50%

77.50%

77.50%

Potential increased interest rate

8.50%

8.50%

8.50%

Debt outstanding

$ 55,400,000

€ 52,700,000

Unused borrowing capacity

0

Mezzanine Loan Facility | Mortgage notes payable | EUR

Line of Credit Facility [Line Items]

Borrowings

134,661,120

Bridge Loan | Bridge Loan Facility

Line of Credit Facility [Line Items]

Borrowings

$ 150,000,000

Term of debt

364 days

Commitment fee

1.50%

Bridge Loan | Bridge Loan Facility | First 90 Days

Line of Credit Facility [Line Items]

Spread on interest rate

0.75%

Duration fee

1.00%

Bridge Loan | Bridge Loan Facility | Every 90 Days Thereafter

Line of Credit Facility [Line Items]

Spread on interest rate

0.75%

Bridge Loan | Bridge Loan Facility | 180 Days After Signing

Line of Credit Facility [Line Items]

Commitment fee

0.375%

Bridge Loan | Bridge Loan Facility | First 30 Days

Line of Credit Facility [Line Items]

Repayment fee

0.50%

Bridge Loan | Bridge Loan Facility | 30 Days Thereafter

Line of Credit Facility [Line Items]

Repayment fee

1.00%

LIBOR | Bridge Loan | Bridge Loan Facility

Line of Credit Facility [Line Items]

Interest rate (percent)

3.25%

Maximum | Bridge Loan | Bridge Loan Facility

Line of Credit Facility [Line Items]

Spread on interest rate

2.25%

Maximum | LIBOR | Bridge Loan | Bridge Loan Facility

Line of Credit Facility [Line Items]

Effective interest rate (percent)

4.00%

Revolving Credit Facility

Line of Credit Facility [Line Items]

Credit facility

€ 110,500,000

£ 68.5

Revolving Credit Facility | JPMorgan Chase Bank, N.A.

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 50,000,000

Credit facility

$ 616,600,000

€ 258,900,000

£ 177.2

717,300,000

€ 288,400,000

£ 160.2

Extension fee

$ 1,500,000

Extension term on debt

1 year

Commitment fee (percent)

50.00%

Debt instrument, weighted average effective interest rate (percent)

2.40%

2.40%

2.40%

Remaining borrowing capacity

$ 113,000,000

$ 22,700,000

Revolving Credit Facility | JPMorgan Chase Bank, N.A. | Line of Credit Facility, Base Rate, Option Three

Line of Credit Facility [Line Items]

Interest rate (percent)

1.00%

Revolving Credit Facility | JPMorgan Chase Bank, N.A. | Above Threshold

Line of Credit Facility [Line Items]

Unused capacity commitment fee (percent)

0.25%

Revolving Credit Facility | JPMorgan Chase Bank, N.A. | Below Threshold

Line of Credit Facility [Line Items]

Unused capacity commitment fee (percent)

0.15%

Revolving Credit Facility | JPMorgan Chase Bank, N.A. | Federal Funds Effective Swap Rate | Line of Credit Facility, Base Rate, Option Two

Line of Credit Facility [Line Items]

Interest rate (percent)

0.05%

Revolving Credit Facility | JPMorgan Chase Bank, N.A. | Maximum

Line of Credit Facility [Line Items]

Additional borrowing capacity

$ 740,000,000

Revolving Credit Facility | JPMorgan Chase Bank, N.A. | Maximum | Base Rate | Line of Credit Facility, Interest Rate, Option Two

Line of Credit Facility [Line Items]

Interest rate (percent)

1.20%

Revolving Credit Facility | JPMorgan Chase Bank, N.A. | Maximum | LIBOR | Line of Credit Facility, Interest Rate, Option One

Line of Credit Facility [Line Items]

Interest rate (percent)

2.20%

Revolving Credit Facility | JPMorgan Chase Bank, N.A. | Minimum | Base Rate | Line of Credit Facility, Interest Rate, Option Two

Line of Credit Facility [Line Items]

Interest rate (percent)

0.60%

Revolving Credit Facility | JPMorgan Chase Bank, N.A. | Minimum | LIBOR | Line of Credit Facility, Interest Rate, Option One

Line of Credit Facility [Line Items]

Interest rate (percent)

1.60%

Mortgage Notes Payable - Schedu

Mortgage Notes Payable - Schedule of Long-term Debt Instruments (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)property	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
Deferred financing costs, net of accumulated amortization	$ (5,103)	$ (7,446)
Mortgage notes payable	$ 749,884	524,262
Mortgage notes payable
Debt Instrument [Line Items]
Encumbered properties (property) | property	88
Outstanding loan amount	$ 754,987	531,708
Deferred financing costs, net of accumulated amortization	(5,103)	(7,446)
Mortgage notes payable	$ 749,884	524,262
Effective interest rate (percent)	2.70%
Mortgage notes payable | EUR
Debt Instrument [Line Items]
Encumbered properties (property) | property	22
Outstanding loan amount	$ 342,686	181,858
Mortgage notes payable | EUR | Finnair
Debt Instrument [Line Items]
Encumbered properties (property) | property	4
Outstanding loan amount	$ 29,878	30,976
Effective interest rate (percent)	2.20%
Mortgage notes payable | EUR | Tokmanni
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 30,483	31,603
Effective interest rate (percent)	2.40%
Mortgage notes payable | EUR | Auchan
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 8,732	0
Effective interest rate (percent)	1.70%
Mortgage notes payable | EUR | Pole Emploi
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 6,102	0
Effective interest rate (percent)	1.70%
Mortgage notes payable | EUR | Sagemcom
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 37,768	0
Effective interest rate (percent)	1.70%
Mortgage notes payable | EUR | Worldline
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 5,260	0
Effective interest rate (percent)	1.90%
Mortgage notes payable | EUR | DCNS
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 9,994	0
Effective interest rate (percent)	1.50%
Mortgage notes payable | EUR | ID Logistics II
Debt Instrument [Line Items]
Encumbered properties (property) | property	2
Outstanding loan amount	$ 11,046	0
Effective interest rate (percent)	1.30%
Mortgage notes payable | EUR | Rheinmetall
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 11,152	11,561
Effective interest rate (percent)	2.60%
Mortgage notes payable | EUR | OBI DIY
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 4,734	4,908
Effective interest rate (percent)	2.40%
Mortgage notes payable | EUR | RWE AG
Debt Instrument [Line Items]
Encumbered properties (property) | property	3
Outstanding loan amount	$ 65,753	68,169
Effective interest rate (percent)	1.60%
Mortgage notes payable | EUR | Rexam
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 5,534	5,737
Effective interest rate (percent)	1.80%
Mortgage notes payable | EUR | Metro Tonic
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 27,879	28,904
Effective interest rate (percent)	1.70%
Mortgage notes payable | EUR | ID Logistics I
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 4,208	0
Effective interest rate (percent)	1.00%
Mortgage notes payable | EUR | DB Luxembourg
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 37,873	0
Effective interest rate (percent)	1.40%
Mortgage notes payable | EUR | ING Amsterdam
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 46,290	0
Effective interest rate (percent)	1.70%
Mortgage notes payable | GBP
Debt Instrument [Line Items]
Encumbered properties (property) | property	43
Outstanding loan amount	$ 276,395	223,461
Mortgage notes payable | GBP | McDonald's
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 938	1,125
Effective interest rate (percent)	4.10%
Mortgage notes payable | GBP | Wickes Building Supplies I
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 2,402	2,882
Effective interest rate (percent)	3.70%
Mortgage notes payable | GBP | Everything Everywhere
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 4,936	5,922
Effective interest rate (percent)	4.00%
Mortgage notes payable | GBP | Thames Water
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 7,405	8,882
Effective interest rate (percent)	4.10%
Mortgage notes payable | GBP | Wickes Building Supplies II
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 2,036	2,443
Effective interest rate (percent)	4.20%
Mortgage notes payable | GBP | Northern Rock
Debt Instrument [Line Items]
Encumbered properties (property) | property	2
Outstanding loan amount	$ 6,479	7,772
Effective interest rate (percent)	4.40%
Mortgage notes payable | GBP | Wickes Building Supplies III
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 2,345	2,813
Effective interest rate (percent)	4.30%
Mortgage notes payable | GBP | Provident Financial
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 15,735	18,875
Effective interest rate (percent)	4.10%
Mortgage notes payable | GBP | Crown Crest
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 23,757	28,498
Effective interest rate (percent)	4.20%
Mortgage notes payable | GBP | Aviva
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 19,376	23,242
Effective interest rate (percent)	3.80%
Mortgage notes payable | GBP | Bradford & Bingley
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 9,330	11,192
Effective interest rate (percent)	3.50%
Mortgage notes payable | GBP | Intier Automotive Interiors
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 5,831	6,995
Effective interest rate (percent)	3.50%
Mortgage notes payable | GBP | Capgemini
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 6,788	8,142
Effective interest rate (percent)	3.20%
Mortgage notes payable | GBP | Fujitsu
Debt Instrument [Line Items]
Encumbered properties (property) | property	3
Outstanding loan amount	$ 30,581	36,684
Effective interest rate (percent)	3.20%
Mortgage notes payable | GBP | Amcor Packaging
Debt Instrument [Line Items]
Encumbered properties (property) | property	7
Outstanding loan amount	$ 3,858	4,628
Effective interest rate (percent)	3.50%
Mortgage notes payable | GBP | Fife Council
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 2,263	2,715
Effective interest rate (percent)	3.50%
Mortgage notes payable | GBP | Malthrust
Debt Instrument [Line Items]
Encumbered properties (property) | property	3
Outstanding loan amount	$ 3,949	4,737
Effective interest rate (percent)	3.50%
Mortgage notes payable | GBP | Talk Talk
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 4,721	5,663
Effective interest rate (percent)	3.50%
Mortgage notes payable | GBP | HBOS
Debt Instrument [Line Items]
Encumbered properties (property) | property	3
Outstanding loan amount	$ 6,652	7,979
Effective interest rate (percent)	3.50%
Mortgage notes payable | GBP | DFS Trading, Five Pack
Debt Instrument [Line Items]
Encumbered properties (property) | property	5
Outstanding loan amount	$ 12,513	15,010
Effective interest rate (percent)	3.40%
Mortgage notes payable | GBP | DFS Trading, Two Pack
Debt Instrument [Line Items]
Encumbered properties (property) | property	2
Outstanding loan amount	$ 2,930	3,514
Effective interest rate (percent)	3.40%
Mortgage notes payable | GBP | HP Enterprise Services
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 11,461	13,748
Effective interest rate (percent)	3.40%
Mortgage notes payable | GBP | Foster Wheeler
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 48,501	0
Effective interest rate (percent)	2.60%
Mortgage notes payable | GBP | Harper Collins
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 34,648	0
Effective interest rate (percent)	3.40%
Mortgage notes payable | GBP | NCR Dundee
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 6,960	0
Effective interest rate (percent)	2.90%
Mortgage notes payable | USD
Debt Instrument [Line Items]
Encumbered properties (property) | property	23
Outstanding loan amount	$ 135,906	126,389
Mortgage notes payable | USD | Quest Diagnostics
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 52,800	52,800
Effective interest rate (percent)	2.70%
Mortgage notes payable | USD | Quest Diagnostics | LIBOR
Debt Instrument [Line Items]
Interest rate (percent)	2.00%
Mortgage notes payable | USD | Western Digital
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 17,682	17,982
Effective interest rate (percent)	5.30%
Mortgage notes payable | USD | AT&T Services
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 33,550	33,550
Effective interest rate (percent)	2.80%
Mortgage notes payable | USD | AT&T Services | Adjusted LIBOR
Debt Instrument [Line Items]
Interest rate (percent)	2.00%
Mortgage notes payable | USD | FedEx Freight
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 6,165	0
Effective interest rate (percent)	4.50%
Mortgage notes payable | USD | Veolia Water
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 4,110	0
Effective interest rate (percent)	4.50%
Mortgage notes payable | USD | Encanto Restaurants
Debt Instrument [Line Items]
Encumbered properties (property) | property	18
Outstanding loan amount	$ 21,599	$ 22,057
Effective interest rate (percent)	6.30%

Mortgage Notes Payable - Narrat

Mortgage Notes Payable - Narrative (Details) - Mortgage notes payable - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 22, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Outstanding loan amount	$ 754,987		$ 531,708
Merger Agreement
Debt Instrument [Line Items]
Fair value of debt		$ 279,000
Outstanding loan amount	$ 267,700

Mortgage Notes Payable - Sche56

Mortgage Notes Payable - Schedule of Maturities of Long-Term Debt (Details) - Mortgage notes payable - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
2,017	$ 22,857
2,018	127,241
2,019	261,523
2,020	301,537
2,021	41,829
Thereafter	0
Mortgage notes payable	$ 754,987	$ 531,708

Fair Value of Financial Instr57

Fair Value of Financial Instruments - Fair Value, Financial Instruments Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Put options	$ 13,243	$ (216)
Fair Value, Measurements, Recurring | Multi-Year Outperformance Plan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OPP	(13,400)	(14,300)
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets Level 1 | Multi-Year Outperformance Plan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OPP	0	0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs Level 2 | Multi-Year Outperformance Plan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OPP	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs Level 3 | Multi-Year Outperformance Plan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OPP	(13,400)	(14,300)
Fair Value, Measurements, Recurring | Currency swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, currency	21,179	3,042
Fair Value, Measurements, Recurring | Currency swaps | Quoted Prices in Active Markets Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, currency	0	0
Fair Value, Measurements, Recurring | Currency swaps | Significant Other Observable Inputs Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, currency	21,179	3,042
Fair Value, Measurements, Recurring | Currency swaps | Significant Unobservable Inputs Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, currency	0	0
Fair Value, Measurements, Recurring | Foreign currency forwards
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, currency	6,998	2,203
Fair Value, Measurements, Recurring | Foreign currency forwards | Quoted Prices in Active Markets Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, currency	0	0
Fair Value, Measurements, Recurring | Foreign currency forwards | Significant Other Observable Inputs Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, currency	6,998	2,203
Fair Value, Measurements, Recurring | Foreign currency forwards | Significant Unobservable Inputs Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, currency	0	0
Fair Value, Measurements, Recurring | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, interest rate swap	(15,457)	(5,461)
Fair Value, Measurements, Recurring | Interest rate swaps | 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
Fair Value, Measurements, Recurring | Interest rate swaps | Significant Other Observable Inputs Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, interest rate swap	(15,457)	(5,461)
Fair Value, Measurements, Recurring | Interest rate swaps | 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
Fair Value, Measurements, Recurring | Put options
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Put options	523
Fair Value, Measurements, Recurring | Put options | Quoted Prices in Active Markets Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Put options	0
Fair Value, Measurements, Recurring | Put options | Significant Other Observable Inputs Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Put options	523
Fair Value, Measurements, Recurring | Put options | Significant Unobservable Inputs Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Put options	$ 0

Fair Value of Financial Instr58

Fair Value of Financial Instruments - Unobservable Input Reconciliation (Details) - Significant Unobservable Inputs Level 3 - Multi-Year Outperformance Plan $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Fair Value, Instruments Classified in Shareholders' Equity Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance as of December 31, 2015	$ 14,300
Fair value adjustment	(900)
Ending Balance as of December 31, 2016	$ 13,400

Fair Value of Financial Instr59

Fair Value of Financial Instruments - Quantitative Level 3 Inputs (Details) - Fair Value, Measurements, Recurring - Multi-Year Outperformance Plan - Significant Unobservable Inputs Level 3 $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Fair Value Inputs, Equity, Quantitative Information [Line Items]
OPP	$ 13,400
Monte Carlo Simulation
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Input value (percent)	28.00%

Fair Value of Financial Instr60

Fair Value of Financial Instruments - Fair Value, by Balance Sheet Grouping (Details) $ in Thousands, € in Millions	Dec. 31, 2016USD ($)	Dec. 31, 2016EUR (€)	Dec. 31, 2015USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage notes payable	$ 749,884		$ 524,262
Mortgage (discount) premium, net	(2,503)		676
Mezzanine facility	55,400		0
Mezzanine discount	17		0
Mortgage notes payable
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage notes payable	749,884		524,262
Significant Unobservable Inputs Level 3 | Mortgage notes payable | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of debt instruments	752,484		532,384
Mortgage notes payable			531,700
Mortgage (discount) premium, net	(2,500)		(700)
Significant Unobservable Inputs Level 3 | Mortgage notes payable | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of debt instruments	747,870		534,041
Significant Unobservable Inputs Level 3 | Credit facility | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of debt instruments	616,614		717,286
Significant Unobservable Inputs Level 3 | Credit facility | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of debt instruments	616,614		717,286
Mezzanine Loan Facility | Mortgage notes payable
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mezzanine facility	55,400	€ 52.7
Mezzanine Loan Facility | Significant Unobservable Inputs Level 3 | Mortgage notes payable | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of debt instruments	55,383		0
Mezzanine facility	55,400
Mezzanine discount	17
Mezzanine Loan Facility | Significant Unobservable Inputs Level 3 | Mortgage notes payable | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of debt instruments	$ 55,400		$ 0

Fair Value of Financial Instr61

Fair Value of Financial Instruments - Narrative (Details)	Jul. 25, 2016
Revolving Credit Facility | JPMorgan Chase Bank, N.A.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Extension term on debt	1 year

Derivative and Hedging Activi62

Derivative and Hedging Activities - Schedule of Derivative Instruments in Statement of Financial Positions, Fair Value (Details) - Significant Other Observable Inputs Level 2 - Swap - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivatives, at fair value	$ 7,986	$ (5,461)
Designated as Hedging Instrument | Derivative Financial Instruments, Assets | Interest rate swaps | GBP-USD Forwards
Derivatives, Fair Value [Line Items]
Derivative assets, at fair value	0	567
Designated as Hedging Instrument | Derivative Financial Instruments, Assets | Foreign currency forwards | GBP-USD Forwards
Derivatives, Fair Value [Line Items]
Derivative assets, at fair value	972	0
Designated as Hedging Instrument | Derivative Financial Instruments, Assets | Currency swaps | GBP-USD Forwards
Derivatives, Fair Value [Line Items]
Derivative assets, at fair value	16,868	0
Designated as Hedging Instrument | Derivative Financial Instruments, Assets | Currency swaps | EUR-USD Forwards
Derivatives, Fair Value [Line Items]
Derivative assets, at fair value	3,003	0
Designated as Hedging Instrument | Derivative Financial Instruments, Liabilities | Interest rate swaps | GBP-USD Forwards
Derivatives, Fair Value [Line Items]
Derivative liabilities, at fair value	(8,595)	(3,313)
Designated as Hedging Instrument | Derivative Financial Instruments, Liabilities | Interest rate swaps | EUR-USD Forwards
Derivatives, Fair Value [Line Items]
Derivative liabilities, at fair value	(4,262)	(2,715)
Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivatives, at fair value	5,257	5,245
Not Designated as Hedging Instrument | Derivative Financial Instruments, Assets | Foreign currency forwards | GBP-USD Forwards
Derivatives, Fair Value [Line Items]
Derivative assets, at fair value	3,918	1,090
Not Designated as Hedging Instrument | Derivative Financial Instruments, Assets | Foreign currency forwards | EUR-USD Forwards
Derivatives, Fair Value [Line Items]
Derivative assets, at fair value	2,108	1,113
Not Designated as Hedging Instrument | Derivative Financial Instruments, Assets | Put options | GBP-USD Forwards
Derivatives, Fair Value [Line Items]
Derivative assets, at fair value	131	0
Not Designated as Hedging Instrument | Derivative Financial Instruments, Assets | Put options | EUR-USD Forwards
Derivatives, Fair Value [Line Items]
Derivative assets, at fair value	392	0
Not Designated as Hedging Instrument | Derivative Financial Instruments, Assets | Currency swaps | GBP-USD Forwards
Derivatives, Fair Value [Line Items]
Derivative assets, at fair value	477	509
Not Designated as Hedging Instrument | Derivative Financial Instruments, Assets | Currency swaps | EUR-USD Forwards
Derivatives, Fair Value [Line Items]
Derivative assets, at fair value	831	2,533
Not Designated as Hedging Instrument | Derivative Financial Instruments, Liabilities | Interest rate swaps | EUR-USD Forwards
Derivatives, Fair Value [Line Items]
Derivative liabilities, at fair value	$ (2,600)	$ 0

Derivative and Hedging Activi63

Derivative and Hedging Activities - Offsetting Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives, at fair value	$ 28,700	$ 5,812
Gross Amounts of Recognized (Liabilities)	(15,457)	(6,028)
Gross Amounts Offset on the Balance Sheet	0	0
Net Amounts of Assets (Liabilities) presented on the Balance Sheet	13,243	(216)
Financial Instruments	0	0
Cash Collateral Received (Posted)	0	0
Net Amount	$ 13,243	$ (216)

Derivative and Hedging Activi64

Derivative and Hedging Activities - Narrative (Details) € in Millions, £ in Millions	Feb. 04, 2015EUR (€)	Feb. 04, 2015GBP (£)	Sep. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2016USD ($)derivative£ / $€ / $	Dec. 31, 2015USD ($)derivative	Dec. 31, 2014USD ($)	Dec. 31, 2016EUR (€)derivative£ / $€ / $	Dec. 31, 2016GBP (£)derivative£ / $€ / $	Jun. 30, 2016derivative	Dec. 31, 2015EUR (€)derivative	Dec. 31, 2015GBP (£)derivative	May 16, 2015USD ($)£ / $€ / $	Feb. 04, 2015GBP (£)
Derivative [Line Items]
Borrowings under credit facility					$ 62,682,000	$ 476,208,000	$ 258,500,000
Losses on ineffectiveness					100,000	400,000	0
Credit facility					616,614,000	717,286,000
Gain (loss) on derivative						19,000,000
Proceeds from termination of derivatives					0	10,055,000	0
Proceeds retained by bank to reduce debt balance						8,900,000
Credit facility denominated in foreign currency					491,200,000
Gains due to currency changes					10,300,000	5,100,000	1,400,000
Real estate denominated in foreign currency					405,700,000
Overhedge position					85,500,000
Unrealized gains on undesignated foreign currency advances and other hedge ineffectiveness					10,109,000	5,124,000	1,387,000
Gains on derivative instruments					7,368,000	3,935,000	1,881,000
Fair value of derivatives in net liability position					17,400,000
Not Designated as Hedging Instrument
Derivative [Line Items]
Remeasurement losses on foreign denominated draws						(3,600,000)
Gains on derivative instruments					$ 7,400,000	$ 3,900,000	$ 1,900,000
Not Designated as Hedging Instrument | Revisions
Derivative [Line Items]
Gains included in other comprehensive income (loss)				$ 500,000
Gains on derivative instruments			$ 1,100,000
GBP-USD Forwards
Derivative [Line Items]
Exchange rate | £ / $					1.23			1.23	1.23				1.58
EUR-USD Forwards
Derivative [Line Items]
Exchange rate | € / $					1.05			1.05	1.05				1.14
Interest rate swaps
Derivative [Line Items]
Number of interest rate swaps terminated (derivative) | derivative						2
Loss from termination of derivative						$ 38,000
Interest rate swaps | Interest rate swaps (EUR) | Interest Expense | Designated as Hedging Instrument
Derivative [Line Items]
Estimate of time to transfer (months)					12 months
Estimated net amount to be transferred					$ 5,600,000
Swap | Interest rate swaps (EUR) | Designated as Hedging Instrument
Derivative [Line Items]
Number of Instruments | derivative					35	43		35	35		43	43
Swap | Interest rate swaps (EUR) | GBP-USD Forwards | Designated as Hedging Instrument
Derivative [Line Items]
Number of Instruments | derivative					21	27		21	21		27	27
Swap | Interest rate swaps (EUR) | EUR-USD Forwards | Designated as Hedging Instrument
Derivative [Line Items]
Number of Instruments | derivative					14	16		14	14		16	16
Swap | Interest rate swaps (EUR) | EUR-USD Forwards | Not Designated as Hedging Instrument
Derivative [Line Items]
Number of Instruments | derivative										2
Revolving Credit Facility
Derivative [Line Items]
Credit facility	€ 110.5													£ 68.5
JPMorgan Chase Bank, N.A. | Revolving Credit Facility
Derivative [Line Items]
Borrowings under credit facility	€ 110.5	£ 68.5
Credit facility					$ 616,600,000	$ 717,300,000		€ 258.9	£ 177.2		€ 288.4	£ 160.2
Credit facility denominated in foreign currency								€ 29.4	£ 44.2
JPMorgan Chase Bank, N.A. | Revolving Credit Facility | Individual Investment | GBP-USD Forwards
Derivative [Line Items]
Credit facility					218,700,000
JPMorgan Chase Bank, N.A. | Revolving Credit Facility | Individual Investment | GBP-USD Forwards | Not Designated as Hedging Instrument
Derivative [Line Items]
Credit facility													$ 92,100,000
JPMorgan Chase Bank, N.A. | Revolving Credit Facility | Individual Investment | EUR-USD Forwards
Derivative [Line Items]
Credit facility					272,400,000
JPMorgan Chase Bank, N.A. | Revolving Credit Facility | Individual Investment | EUR-USD Forwards | Not Designated as Hedging Instrument
Derivative [Line Items]
Credit facility													$ 126,000,000
JPMorgan Chase Bank, N.A. | Foreign Line of Credit
Derivative [Line Items]
Credit facility					$ 491,200,000

Derivative and Hedging Activi65

Derivative and Hedging Activities - Schedule of Interest Rate Derivatives (Details) - Interest rate swaps (EUR) - Swap - Designated as Hedging Instrument $ in Thousands	Dec. 31, 2016USD ($)derivative	Dec. 31, 2015USD ($)derivative
Derivative [Line Items]
Number of Instruments | derivative	35	43
Notional Amount | $	$ 905,374	$ 1,259,207
GBP-USD
Derivative [Line Items]
Number of Instruments | derivative	21	27
Notional Amount | $	$ 474,161	$ 697,925
EUR-USD
Derivative [Line Items]
Number of Instruments | derivative	14	16
Notional Amount | $	$ 431,213	$ 561,282

Derivative and Hedging Activi66

Derivative and Hedging Activities - Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance (Details) - Interest rate swaps (EUR) - Interest rate swaps - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in accumulated other comprehensive income from derivatives (effective portion)	$ (12,634)	$ 8,800	$ 5,670
Amount of gain (loss) recognized in income on derivative instruments (ineffective portion and amount excluded from effectiveness testing)	(99)	(371)	0
Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of loss reclassified from accumulated other comprehensive income into income as interest expense (effective portion)	$ (5,318)	$ (4,166)	$ (2,087)

Derivative and Hedging Activi67

Derivative and Hedging Activities - Schedule of Foreign Currency Derivative Instruments (Details) - Designated as Hedging Instrument - Net Investment Hedging $ in Thousands	Dec. 31, 2016USD ($)derivative
Derivative [Line Items]
Number of instruments (derivative) | derivative	5
Notional Amount | $	$ 108,683
EUR-USD | Currency swaps
Derivative [Line Items]
Number of instruments (derivative) | derivative	3
Notional Amount | $	$ 37,957
EUR-USD | Foreign currency forwards
Derivative [Line Items]
Number of instruments (derivative) | derivative	1
Notional Amount | $	$ 10,100
GBP-USD | Currency swaps
Derivative [Line Items]
Number of instruments (derivative) | derivative	1
Notional Amount | $	$ 60,626

Derivative and Hedging Activi68

Derivative and Hedging Activities - Schedule of Credit Derivative (Details) - Not Designated as Hedging Instrument - Swap $ in Thousands	Dec. 31, 2016USD ($)derivative	Dec. 31, 2015USD ($)derivative
Schedule of Foreign Currency Swaps [Line Items]
Number of instruments (derivative) | derivative	62	69
Notional Amount | $	$ 257,738	$ 195,457
GBP-USD | Foreign currency forwards
Schedule of Foreign Currency Swaps [Line Items]
Number of instruments (derivative) | derivative	21	40
Notional Amount | $	$ 18,058	$ 6,628
GBP-USD | Currency swaps
Schedule of Foreign Currency Swaps [Line Items]
Number of instruments (derivative) | derivative	3	9
Notional Amount | $	$ 43,457	$ 82,843
GBP-USD | Put options
Schedule of Foreign Currency Swaps [Line Items]
Number of instruments (derivative) | derivative	5	0
Notional Amount | $	$ 3,375	$ 0
EUR-USD | Foreign currency forwards
Schedule of Foreign Currency Swaps [Line Items]
Number of instruments (derivative) | derivative	20	15
Notional Amount | $	$ 28,424	$ 6,139
EUR-USD | Currency swaps
Schedule of Foreign Currency Swaps [Line Items]
Number of instruments (derivative) | derivative	3	5
Notional Amount | $	$ 30,604	$ 99,847
EUR-USD | Interest rate swaps
Schedule of Foreign Currency Swaps [Line Items]
Number of instruments (derivative) | derivative	5	0
Notional Amount | $	$ 127,570	$ 0
EUR-USD | Put options
Schedule of Foreign Currency Swaps [Line Items]
Number of instruments (derivative) | derivative	5	0
Notional Amount | $	$ 6,250	$ 0

Common Stock (Details)

Common Stock (Details)

Dec. 22, 2016USD ($)$ / sharesshares

Dec. 21, 2016USD ($)

Dec. 12, 2016USD ($)

Sep. 02, 2016shares

Dec. 31, 2015$ / sharesshares

Jun. 02, 2015shares

Feb. 27, 2017shares

Dec. 31, 2016$ / sharesshares

Dec. 31, 2015$ / sharesshares

Dec. 31, 2014shares

Feb. 08, 2017shares

Apr. 08, 2015$ / shares

Jun. 30, 2014$ / shares

Class of Stock [Line Items]

Common stock, outstanding (in shares)

168,936,633

198,775,675

168,936,633

Antidilutive securities (in shares)

9,770,629

11,039,417

720,165

Dividends paid on the 15th of each month (in dollars per share) | $ / shares

$ 0.059166667

Common stock, par value (usd per share) | $ / shares

$ 0.01

$ 0.01

$ 0.01

$ 0.01

$ 0.01

Merger Agreement

Class of Stock [Line Items]

Equity consideration (shares)

28,700,000

Value of consideration | $

$ 220,868,000

$ 220,900,000

Common stock, par value (usd per share) | $ / shares

$ 0.01

Merger Agreement | Common Stock

Class of Stock [Line Items]

Common stock conversion ratio

2.27

OP Units

Class of Stock [Line Items]

Conversion of stock (in shares)

1,264,148

Antidilutive securities (in shares)

1,809,678

545,530

1,809,678

22

Class B Units

Class of Stock [Line Items]

Antidilutive securities (in shares)

1,726,323

0

0

705,743

Class B Units | Merger Agreement | Common Stock

Class of Stock [Line Items]

Common stock conversion ratio

2.27

Investor | OP Units

Class of Stock [Line Items]

Conversion of stock (in shares)

916,231

Service Provider | OP Units

Class of Stock [Line Items]

Conversion of stock (in shares)

347,903

Antidilutive securities (in shares)

347,903

Limited Partner | OP Units

Class of Stock [Line Items]

Conversion of stock (in shares)

14

Antidilutive securities (in shares)

22

22

Agent | At-the-Market Program

Class of Stock [Line Items]

Aggregate offering price | $

$ 175,000,000

Agent compensation, percent of gross sales price of all shares sold

1.00%

Subsequent Event

Class of Stock [Line Items]

Common stock, outstanding (in shares)

66,300,000

Subsequent Event | At-the-Market Program

Class of Stock [Line Items]

Number of shares sold pursuant to the Equity Distribution Agreement (shares)

0

Common Stock - Details of Distr

Common Stock - Details of Distributions Classified as Return of Capital and Ordinary Dividend Income (Details) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Equity [Abstract]
Return of capital (percent)	61.30%	63.10%	70.40%
Return of capital (usd per share)	$ 0.44	$ 0.45	$ 0.50
Ordinary dividend income (percent)	38.70%	36.90%	29.60%
Ordinary dividend income (usd per share)	$ 0.27	$ 0.26	$ 0.21
Total distribution (percent)	100.00%	100.00%	100.00%
Total distribution (usd per share)	$ 0.71	$ 0.71	$ 0.71

Common Stock - Schedule of Cumu

Common Stock - Schedule of Cumulative Share Repurchases (Details) - Common Stock	12 Months Ended
	Dec. 31, 2016$ / sharesshares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance, cumulative repurchases (shares) | shares	12,139,854
Redemptions (shares) | shares	0
Ending balance, cumulative repurchases (shares) | shares	12,139,854
Beginning balance, cumulative repurchases (usd per share) | $ / shares	$ 10.49
Redemptions (usd per share) | $ / shares	0
Ending balance, cumulative repurchases (usd per share) | $ / shares	$ 10.49

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Future Ground Lease Payments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
2,017	$ 1,261
2,018	1,261
2,019	1,261
2,020	1,261
2,021	1,261
2,022	1,261
Thereafter	38,540
Total	46,106
Rent expense	$ 1,300	$ 300

Related Party Transactions - Na

Related Party Transactions - Narrative (Details)	Sep. 02, 2016shares	Dec. 31, 2015USD ($)shares	Jun. 02, 2015USD ($)$ / sharesshares	Dec. 31, 2014	Dec. 31, 2016USD ($)propertyshares	Dec. 31, 2015USD ($)propertyshares	Dec. 31, 2014USD ($)shares	Dec. 22, 2016USD ($)	Dec. 16, 2016USD ($)	Apr. 01, 2015
Related Party Transaction [Line Items]
Due from related parties		$ 136,000			$ 16,000	$ 136,000
Due to related parties		399,000			$ 2,162,000	$ 399,000
Antidilutive securities (in shares) | shares					9,770,629	11,039,417	720,165
Proceeds from issuance of operating partnership units			$ 800,000		$ 0	$ 750,000	$ 0
Distributions paid					2,008,000	642,000	0
Dividends payable		407,000			34,000	407,000
Reimbursement from related party		0			5,138,000	0
Equity based compensation					3,748,000	2,345,000	106,000
Lock-out period of transferability or liquidity (years)			1 year
Related party expenses					$ 0	$ 18,653,000	0
Period to reinvest proceeds					180 days
Disposal Group, Disposed of by Sale, Not Discontinued Operations
Related Party Transaction [Line Items]
Number of properties sold (property) | property					34	0
Unaffiliated Third Party Property Management Services | Europe | Gross Revenue, Managed Properties | Stand Alone, Single Tenant, Net Leased
Related Party Transaction [Line Items]
Property management fee, percent fee					0.25%
Unaffiliated Third Party Property Management Services | Europe | Gross Revenue, Managed Properties | All other properties, other than stand alone, single tenant, net leased
Related Party Transaction [Line Items]
Property management fee, percent fee					0.50%
Unaffiliated Third Party Property Management Services | Europe | Gross Revenue, Managed Properties | Singe Tenant Net Lease, Not Part of Shopping Center
Related Party Transaction [Line Items]
Property management fee, percent fee					1.75%
Unaffiliated Third Party Property Management Services | Europe | Gross Revenue, Managed Properties | All Other Property Types, Other Than Stand Alone, Single Tenant, Net Leased and Not Part of Shopping Center
Related Party Transaction [Line Items]
Property management fee, percent fee					3.50%
Contract Purchase Price | Unaffiliated Third Party Property Management Services | Europe
Related Party Transaction [Line Items]
Acquisition fees as a percentage of benchmark			50.00%
Amount Available or Outstanding Under Financing Arrangement | Unaffiliated Third Party Property Management Services | Europe
Related Party Transaction [Line Items]
Acquisition and financing coordination fees as a percentage of benchmark			50.00%
The Letter Agreement
Related Party Transaction [Line Items]
Reimbursement from related party								$ 5,100,000	$ 6,300,000
OP Units
Related Party Transaction [Line Items]
OP unit distributions paid					$ 1,000,000	$ 600,000	$ 0
Class B Units
Related Party Transaction [Line Items]
Equity based compensation			$ 14,500,000
Multi-Year Outperformance Plan
Related Party Transaction [Line Items]
Distributions paid					1,000,000
Dividends payable		$ 400,000			$ 0	$ 400,000
OP Units
Related Party Transaction [Line Items]
Antidilutive securities (in shares) | shares			1,809,678		545,530	1,809,678	22
Conversion of stock (in shares) | shares	1,264,148
OP Units | OP Units
Related Party Transaction [Line Items]
Common stock conversion ratio			1
Class B Units
Related Party Transaction [Line Items]
Antidilutive securities (in shares) | shares		1,726,323			0	0	705,743
Class B Units | Class B Units
Related Party Transaction [Line Items]
Common stock conversion ratio			1
Third party professional fees and offering costs
Related Party Transaction [Line Items]
Due to related parties		$ 400,000			$ 2,200,000	$ 400,000
Limited Partner
Related Party Transaction [Line Items]
Operating partnership units (in shares) | shares		244,444			244,444	244,444
Limited Partner | OP Units
Related Party Transaction [Line Items]
Antidilutive securities (in shares) | shares		22	22
Conversion of stock (in shares) | shares	14
Advisor | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Related Party Transaction [Line Items]
Due to related parties					$ 900,000
Advisor | Chief Executive Officer and President
Related Party Transaction [Line Items]
Percent of membership interests					10.00%
Advisor | Amended Advisory Agreement
Related Party Transaction [Line Items]
Base fee			$ 18,000,000
Variable fee, percent of cumulative net proceeds			1.25%
Incentive Compensation, percent payable in cash			50.00%
Incentive Compensation, percent payable in shares			50.00%
Percent of Core AFFO per weighted average share outstanding in excess of incentive hurdle one			15.00%
Percent of Core AFFO per weighted average share outstanding, incentive hurdle one | $ / shares			$ 0.78
Percent of Core AFFO per weighted average share outstanding in excess of incentive hurdle two			10.00%
Percent of Core AFFO per weighted average share outstanding, incentive hurdle two | $ / shares			$ 1.02
Minimum base management fee and incentive compensation payable, maximum percent of assets under management, range one			1.25%
Minimum base management fee and incentive compensation payable, cap on annum aggregate amount, maximum amount of assets under management, range three			$ 5,000,000,000
Minimum base management fee and incentive compensation payable, maximum percent of assets under management, range two			0.95%
Minimum base management fee and incentive compensation payable, cap on annum aggregate amount, maximum amount of assets under management, range two			$ 15,000,000,000
Minimum base management fee and incentive compensation payable, cap on annum aggregate amount, maximum amount of assets under management, range three calculation base			1.25%
Minimum base management fee and incentive compensation payable, cap on annum aggregate amount, maximum amount of assets under management, range three denominator			$ 10,000,000,000
Minimum base management fee and incentive compensation payable, maximum percent of assets under management, range three			0.30%
Variable fee payable, maximum sale of investments to trigger possible reduction			$ 200,000,000
Advisor | Amended Advisory Agreement | Minimum
Related Party Transaction [Line Items]
Percent of Core AFFO per weighted average share outstanding, incentive hurdle annual adjustment			1.00%
Advisor | Amended Advisory Agreement | Maximum
Related Party Transaction [Line Items]
Percent of Core AFFO per weighted average share outstanding, incentive hurdle annual adjustment			3.00%
Minimum base management fee and incentive compensation payable, cap on annum aggregate amount, maximum amount of assets under management, range three			$ 15,000,000,000
Advisor | Class B Units
Related Party Transaction [Line Items]
OP unit distributions paid						$ 300,000	$ 200,000
Advisor | OP Units
Related Party Transaction [Line Items]
Antidilutive securities (in shares) | shares		83,333	1,461,753
Advisor | American Realty Capital Global Advisors, LLC
Related Party Transaction [Line Items]
Due from related parties		$ 100,000			$ 5,200,000	100,000
Advisor | American Realty Capital Global Advisors, LLC | Contract Purchase Price
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%
Advisor | American Realty Capital Global Advisors, LLC | Contract Purchase Price | Portion of Fees Attributable to Related Party | Europe
Related Party Transaction [Line Items]
Acquisition fees as a percentage of benchmark			50.00%
Advisor | American Realty Capital Global Advisors, LLC | Advance on Loan or Other Investment
Related Party Transaction [Line Items]
Financing advance fees as a percentage of benchmark			1.00%
Advisor | American Realty Capital Global Advisors, LLC | Amount Available or Outstanding Under Financing Arrangement
Related Party Transaction [Line Items]
Acquisition and financing coordination fees as a percentage of benchmark			0.75%
Advisor | American Realty Capital Global Advisors, LLC | Amount Available or Outstanding Under Financing Arrangement | Portion of Fees Attributable to Related Party | Europe
Related Party Transaction [Line Items]
Acquisition and financing coordination fees as a percentage of benchmark			50.00%
Advisor | American Realty Capital Global Advisors, LLC | Average Invested Assets | Greater Of | Maximum
Related Party Transaction [Line Items]
Operating expenses as a percentage of benchmark					2.00%
Advisor | American Realty Capital Global Advisors, LLC | Net Income, Excluding Additions to Non-cash Reserves and Gains on Sales of Assets | Greater Of | Maximum
Related Party Transaction [Line Items]
Operating expenses as a percentage of benchmark					25.00%
Advisor | American Realty Capital Global Advisors, LLC | Annual Targeted Investor Return | Pre-tax Non-compounded Return on Capital Contribution
Related Party Transaction [Line Items]
Cumulative capital investment return to investors as a percentage of benchmark										6.00%
Advisor | AR Global, LLC
Related Party Transaction [Line Items]
Percent of membership interests					90.00%
Service Provider | OP Units
Related Party Transaction [Line Items]
Antidilutive securities (in shares) | shares			347,903
Conversion of stock (in shares) | shares	347,903
Investor | OP Units
Related Party Transaction [Line Items]
Conversion of stock (in shares) | shares	916,231
Advisor and Service Provider | OP Units
Related Party Transaction [Line Items]
Antidilutive securities (in shares) | shares			1,726,323
Advisor and Service Provider | Class B Units
Related Party Transaction [Line Items]
Antidilutive securities (in shares) | shares			1,726,323
Management | OP Units
Related Party Transaction [Line Items]
Antidilutive securities (in shares) | shares			83,333
Property Manager | American Realty Capital Global Properties, LLC | Gross Revenue, Managed Properties | Maximum
Related Party Transaction [Line Items]
Oversight fees as a percentage of benchmark					1.00%
Property Manager | American Realty Capital Global Properties, LLC | Gross Revenue, Managed Properties | Stand Alone, Single Tenant, Net Leased | Maximum
Related Party Transaction [Line Items]
Oversight fees as a percentage of benchmark					2.00%
Property Manager | American Realty Capital Global Properties, LLC | Gross Revenue, Managed Properties | All other properties, other than stand alone, single tenant, net leased | Maximum
Related Party Transaction [Line Items]
Oversight fees as a percentage of benchmark					4.00%
Affiliated Entity | RCS Capital
Related Party Transaction [Line Items]
Transaction fee (percent)				0.23%
Affiliated Entity | Listing Fee | RCS Capital
Related Party Transaction [Line Items]
Related party expenses						6,000,000
Affiliated Entity | Listing Fee | Barclays Capital Inc.
Related Party Transaction [Line Items]
Related party expenses						6,100,000
Affiliated Entity | Personnel and Support Services | RCS Capital
Related Party Transaction [Line Items]
Related party expenses						2,500,000
Affiliated Entity | Transfer Agent Fees | American National Stock Transfer, LLC
Related Party Transaction [Line Items]
Related party expenses						600,000
Affiliated Entity | Transfer Agent Fees | General and Administrative Expense | American National Stock Transfer, LLC
Related Party Transaction [Line Items]
Related party expenses					$ 200,000	$ 800,000

Related Party Transactions - Sc

Related Party Transactions - Schedule of Amount Contractually Due and Forgiven in Connection With Operation Related Services (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Related party expenses	$ 0	$ 18,653,000	$ 0
Due from related parties	16,000	136,000
Transfer Asset and Personnel Services
Related Party Transaction [Line Items]
Related party expenses	500,000
Transfer Asset and Personnel Services | Offering Costs
Related Party Transaction [Line Items]
Related party expenses	300,000
Transfer Asset and Personnel Services | General and Administrative Expense
Related Party Transaction [Line Items]
Related party expenses	200,000	800,000
Related party expenses, amounts not reflected in the table		200,000
Transfer Asset and Personnel Services | Other Expense Reimbursement
Related Party Transaction [Line Items]
Related party expenses	20,000
Affiliated Entity | Transfer Asset and Personnel Services
Related Party Transaction [Line Items]
Related party expenses	200,000
Affiliated Entity | Transfer Asset and Personnel Services | General and Administrative Expense
Related Party Transaction [Line Items]
Related party expenses, amounts not reflected in the table		36,253
Advisor and Dealer Manager | Transfer Asset and Personnel Services
Related Party Transaction [Line Items]
Related party expenses	$ 300,000
Advisor and Dealer Manager | Transfer Asset and Personnel Services | General and Administrative Expense
Related Party Transaction [Line Items]
Related party expenses, amounts not reflected in the table		100,000
United States | Advisor
Related Party Transaction [Line Items]
Percent of fees from net assets waived (percent)	100.00%
Europe | Advisor
Related Party Transaction [Line Items]
Percent of fees from net assets waived (percent)	50.00%
Incurred
Related Party Transaction [Line Items]
Related party expenses	$ 22,971,000	19,377,000	41,338,000
Forgiven
Related Party Transaction [Line Items]
Related party expenses	2,281,000	2,507,000	690,000
Payable
Related Party Transaction [Line Items]
(Receivable) Payable	(3,500,000)	774,000	54,000
Nonrecurring Fees | Incurred | Related party notes receivable acquired in Merger
Related Party Transaction [Line Items]
Related party expenses	0	0	0
Nonrecurring Fees | Incurred | Acquisition fees and related cost reimbursements
Related Party Transaction [Line Items]
Related party expenses	0	735,000	32,915,000
Nonrecurring Fees | Incurred | Strategic advisory fees
Related Party Transaction [Line Items]
Related party expenses	0	0	561,000
Nonrecurring Fees | Incurred | Fees on gain from sale of investments
Related Party Transaction [Line Items]
Related party expenses	923,000	0	0
Nonrecurring Fees | Incurred | Financing coordination fees
Related Party Transaction [Line Items]
Related party expenses	16,000	1,159,000	6,546,000
Nonrecurring Fees | Forgiven | Related party notes receivable acquired in Merger
Related Party Transaction [Line Items]
Related party expenses	0	0	0
Nonrecurring Fees | Forgiven | Acquisition fees and related cost reimbursements
Related Party Transaction [Line Items]
Related party expenses	0	0	0
Nonrecurring Fees | Forgiven | Strategic advisory fees
Related Party Transaction [Line Items]
Related party expenses	0	0	0
Nonrecurring Fees | Forgiven | Fees on gain from sale of investments
Related Party Transaction [Line Items]
Related party expenses	0	0	0
Nonrecurring Fees | Forgiven | Financing coordination fees
Related Party Transaction [Line Items]
Related party expenses	0	0	0
Nonrecurring Fees | Payable | Related party notes receivable acquired in Merger
Related Party Transaction [Line Items]
(Receivable) Payable	(5,138,000)	0	0
Nonrecurring Fees | Payable | Acquisition fees and related cost reimbursements
Related Party Transaction [Line Items]
(Receivable) Payable	0	0	2,000
Nonrecurring Fees | Payable | Strategic advisory fees
Related Party Transaction [Line Items]
(Receivable) Payable	0	0	0
Nonrecurring Fees | Payable | Fees on gain from sale of investments
Related Party Transaction [Line Items]
(Receivable) Payable	923,000	0	0
Nonrecurring Fees | Payable | Financing coordination fees
Related Party Transaction [Line Items]
(Receivable) Payable	16,000	466,000	0
Recurring Fees | Incurred | Asset management fees
Related Party Transaction [Line Items]
Related party expenses	18,230,000	13,501,000	0
Recurring Fees | Incurred | Property management and leasing fees
Related Party Transaction [Line Items]
Related party expenses	3,802,000	3,982,000	1,316,000
Recurring Fees | Forgiven | Asset management fees
Related Party Transaction [Line Items]
Related party expenses	0	0	0
Recurring Fees | Forgiven | Property management and leasing fees
Related Party Transaction [Line Items]
Related party expenses	2,281,000	2,507,000	690,000
Recurring Fees | Payable | Asset management fees
Related Party Transaction [Line Items]
(Receivable) Payable	447,000	217,000	0
Recurring Fees | Payable | Property management and leasing fees
Related Party Transaction [Line Items]
(Receivable) Payable	$ 252,000	$ 91,000	$ 52,000

Related Party Transactions - 75

Related Party Transactions - Schedule of General and Administrative Expenses Absorbed by Affiliate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Expenses absorbed	$ 0	$ 0	$ 178
Due from related parties	16	136
American Realty Capital Global Advisors, LLC | Advisor
Related Party Transaction [Line Items]
Due from related parties	5,200	100
American Realty Capital Global Advisors, LLC | Property operating expenses absorbed | Advisor
Related Party Transaction [Line Items]
Expenses absorbed	0	0	178
American Realty Capital Global Advisors, LLC | General and administrative expenses absorbed | Advisor
Related Party Transaction [Line Items]
Expenses absorbed	$ 0	$ 0	0
Due from related parties			$ 500

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details)	Jan. 03, 2017shares	Aug. 18, 2016USD ($)shares	Feb. 25, 2016company	Jul. 13, 2015USD ($)shares	Jun. 02, 2015USD ($)$ / sharesshares	Apr. 08, 2015$ / shares	Apr. 07, 2015shares	Dec. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2015USD ($)$ / sharesshares	Dec. 31, 2014USD ($)$ / sharesshares	Jun. 30, 2014$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, par value (usd per share) | $ / shares						$ 0.01		$ 0.01	$ 0.01		$ 0.01
Distributions paid | $								$ 2,008,000	$ 642,000	$ 0
Incentive Restricted Share Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum percentage of outstanding stock						10.00%
Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity based compensation | $										$ 10,000
Stock issued for services during the period (shares)								0	0	1,056
Restricted Stock Units (RSUs) | Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested upon resignation (shares)	32,000
Number of shares with accelerated vesting (shares)	24,000
Number of shares with automatic vesting (shares)	8,000
Restricted Stock Units (RSUs) | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs granted (shares)					40,000
RSUs granted (in dollars per share) | $ / shares					$ 8.52
Stock Option Plan | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (shares)								500,000
Shares issued in the period (shares)								0	0	0
Incentive Restricted Share Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual retainer payable, cash percentage					50.00%
Annual retainer payable, restricted stock units percentage					50.00%
Incentive Restricted Share Plan | Independent Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual retainer payable | $		$ 100,000		$ 100,000	$ 100,000
Incentive Restricted Share Plan | Non-Executive Chair
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual retainer payable | $		$ 100,000		$ 100,000	105,000
Incentive Restricted Share Plan | Directors, Serving on Committees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual retainer payable | $					$ 30,000
Incentive Restricted Share Plan | Unvested restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (shares)							7,500,000
Automatic grant (shares)							3,000
Award vesting period						5 years	5 years
Periodic vesting percentage							20.00%
Maximum percentage of outstanding stock							5.00%
Incentive Restricted Share Plan | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					3 years
Incentive Restricted Share Plan | Restricted Stock Units (RSUs) | Independent Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		3 years		3 years
RSUs granted (shares)		8,642		7,352
Incentive Restricted Share Plan | Restricted Stock Units (RSUs) | Non-Executive Chair
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		3 years		3 years
RSUs granted (shares)		6,981		5,882
Director Stock Plan | Unvested restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					5 years
Restricted Share Plan | Unvested restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs granted (shares)								36,634	3,000	9,000
RSUs granted (in dollars per share) | $ / shares								$ 7.53	$ 9	$ 9
Number of shares vested upon resignation (shares)								41,274	17,400	10,800
Equity based compensation | $								$ 400,000	$ 200,000	$ 100,000
Unrecognized compensation cost | $								$ 1,300,000
Period for recognition								3 years 31 days
Multi-Year Outperformance Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued in the period (shares)					9,041,801
Award vesting period								30 days
Equity based compensation | $								$ 3,400,000	$ 2,200,000	$ 0
Percent of market capitalization					5.00%
Equity based compensation, requisite service period (years)					5 years			5 years
Percent of distributions								10.00%
Distributions paid | $								$ 1,000,000
Number of peer group companies merged (company) | company			2
Multi-Year Outperformance Plan | Performance Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					3 years
Multi-Year Outperformance Plan | Annual Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					1 year
Multi-Year Outperformance Plan | Interim Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					2 years

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Restricted Share Award Activity (Details) - Unvested restricted stock - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Restricted Share Plan
Number of Restricted Shares
Unvested Shares Beginning Balance	187,938	14,400	16,200
Granted (shares)	36,634	3,000	9,000
Vested (shares)	(41,274)	(17,400)	(10,800)
Unvested Shares Ending Balance	183,298	187,938	14,400
Weighted-Average Issue Price
Weighted Average Price Beginning Balance	$ 8.57	$ 9	$ 9
Granted (in dollars per share)	7.53	9	9
Vested (in dollars per share)	8.59	9	9
Weighted Average Price Ending Balance	$ 8.36	$ 8.57	$ 9
One-time Listing Grant Plan
Number of Restricted Shares
Granted (shares)		160,000
Weighted-Average Issue Price
Granted (in dollars per share)		$ 8.52
Amended Incentive Restricted Share Plan
Number of Restricted Shares
Granted (shares)		27,938
Weighted-Average Issue Price
Granted (in dollars per share)		$ 8.84

Share-Based Compensation - Sc78

Share-Based Compensation - Schedule of Total Return (Details) - Multi-Year Outperformance Plan	Jun. 02, 2015	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		30 days
Performance Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Absolute component, base percent	4.00%
Relative component, base percent	4.00%
Absolute component, percent of total return	21.00%
Relative component, 100% cumulative total return	18.00%
Relative component, 50% cumulative total return	0.00%
Relative component, 0% cumulative total return	0.00%
Performance Period | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Relative component, 50% to 100% cumulative total return	0.00%
Performance Period | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Relative component, 50% to 100% cumulative total return	18.00%
Annual Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	1 year
Absolute component, base percent	4.00%
Relative component, base percent	4.00%
Absolute component, percent of total return	7.00%
Relative component, 100% cumulative total return	6.00%
Relative component, 50% cumulative total return	0.00%
Relative component, 0% cumulative total return	0.00%
Annual Period | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Relative component, 50% to 100% cumulative total return	0.00%
Annual Period | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Relative component, 50% to 100% cumulative total return	6.00%
Interim Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	2 years
Absolute component, base percent	4.00%
Relative component, base percent	4.00%
Absolute component, percent of total return	14.00%
Relative component, 100% cumulative total return	12.00%
Relative component, 50% cumulative total return	0.00%
Relative component, 0% cumulative total return	0.00%
Interim Period | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Relative component, 50% to 100% cumulative total return	0.00%
Interim Period | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Relative component, 50% to 100% cumulative total return	12.00%

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Earnings Per Share [Abstract]
Net income (loss) attributable to stockholders	$ 15,946	$ 8,943	$ 15,763	$ 6,488	$ 12,312	$ 5,432	$ (45,664)	$ 25,855	$ 47,140	$ (2,065)	$ (53,594)
Adjustments to net income (loss) attributable to stockholders for common share equivalents	(195)	(190)	(193)	(195)	(193)	(249)	0	0	(773)	(442)	0
Adjusted net income (loss) attributable to stockholders	$ 15,751	$ 8,753	$ 15,570	$ 6,293	$ 12,119	$ 5,183	$ (45,664)	$ 25,855	$ 46,367	$ (2,507)	$ (53,594)
Basic and diluted net income (loss) per share (usd per share)	$ 0.09	$ 0.05	$ 0.09	$ 0.04	$ 0.07	$ 0.03	$ (0.25)	$ 0.14	$ 0.27	$ (0.01)	$ (0.43)
Basic and diluted weighted average shares outstanding (in shares)	173,343,587	169,390,187	168,948,472	168,936,633	168,936,633	168,948,345	180,380,436	179,156,462	170,161,344	174,309,894	126,079,369

Earnings Per Share - Antidiluti

Earnings Per Share - Antidilutive Securities (Details) - shares	Sep. 02, 2016	Dec. 31, 2015	Jun. 02, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities (in shares)				9,770,629	11,039,417	720,165
Unvested restricted stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities (in shares)				183,298	187,938	14,400
OP Units
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities (in shares)			1,809,678	545,530	1,809,678	22
Conversion of stock (in shares)	1,264,148
OP Units | Advisor
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities (in shares)		83,333	1,461,753
OP Units | Limited Partner
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities (in shares)		22	22
Conversion of stock (in shares)	14
OP Units | Investor
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Conversion of stock (in shares)	916,231
OP Units | Service Provider
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities (in shares)			347,903
Conversion of stock (in shares)	347,903
Class B Units
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities (in shares)		1,726,323		0	0	705,743
OPP (LTIP Units)
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities (in shares)				9,041,801	9,041,801	0

Quarterly Results (Unaudited)81

Quarterly Results (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Total revenue	$ 52,773	$ 53,251	$ 53,196	$ 54,954	$ 56,043	$ 50,252	$ 49,068	$ 49,969	$ 214,174	$ 205,332	$ 93,383
Net income (loss) attributable to stockholders	15,946	8,943	15,763	6,488	12,312	5,432	(45,664)	25,855	47,140	(2,065)	(53,594)
Adjustments to net income (loss) attributable to stockholders for common share equivalents	(195)	(190)	(193)	(195)	(193)	(249)	0	0	(773)	(442)	0
Adjusted net income (loss) attributable to stockholders	$ 15,751	$ 8,753	$ 15,570	$ 6,293	$ 12,119	$ 5,183	$ (45,664)	$ 25,855	$ 46,367	$ (2,507)	$ (53,594)
Basic and diluted weighted average shares outstanding (in shares)	173,343,587	169,390,187	168,948,472	168,936,633	168,936,633	168,948,345	180,380,436	179,156,462	170,161,344	174,309,894	126,079,369
Basic and diluted net income (loss) per share (usd per share)	$ 0.09	$ 0.05	$ 0.09	$ 0.04	$ 0.07	$ 0.03	$ (0.25)	$ 0.14	$ 0.27	$ (0.01)	$ (0.43)

Quarterly Results (Unaudited) -

Quarterly Results (Unaudited) - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Gains on derivative instruments					$ 7,368	$ 3,935	$ 1,881
Operating expense reimbursements					10,125	10,712	5,225
Accounting Errors for Accrued Operating Expense Reimbursement Revenue
Derivative Instruments, Gain (Loss) [Line Items]
Operating expense reimbursements	$ 1,000	$ 300	$ 300	$ 400
Reversal of Recognized Revenue
Derivative Instruments, Gain (Loss) [Line Items]
Operating expense reimbursements	$ (1,000)
Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Gains on derivative instruments					$ 7,400	$ 3,900	$ 1,900
As originally reported
Derivative Instruments, Gain (Loss) [Line Items]
Gains included in other comprehensive income (loss)			$ 600	500
Revisions | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Gains included in other comprehensive income (loss)				$ 500
Gains on derivative instruments		$ 1,100

Subsequent Events (Details)

Subsequent Events (Details) $ / shares in Units, ft² in Thousands, $ in Thousands	Mar. 15, 2017$ / shares	Feb. 08, 2017shares	Feb. 27, 2017USD ($)ft²property	Dec. 31, 2016USD ($)ft²shares	Dec. 31, 2015USD ($)shares	Dec. 31, 2014USD ($)	Feb. 15, 2017shares
Subsequent Event [Line Items]
Square Feet | ft²				22,000
Contract Sales Price | $				$ 107,789	$ 0	$ 0
Shares outstanding							198,807,675
Common stock, outstanding (in shares)				198,775,675	168,936,633
Scenario, Forecast
Subsequent Event [Line Items]
Dividends paid (usd per share) | $ / shares	$ 0.1775
Subsequent Event
Subsequent Event [Line Items]
Common stock, outstanding (in shares)		66,300,000
Subsequent Event | OP Units
Subsequent Event [Line Items]
Reverse stock split conversion ratio		0.3333
Subsequent Event | Common Stock
Subsequent Event [Line Items]
Reverse stock split conversion ratio		0.3333
Subsequent Event | Kulicke & Soffa
Subsequent Event [Line Items]
Number of properties sold (property) | property			1
Square Feet | ft²			88
Contract Sales Price | $			$ 12,950

Real Estate and Accumuluated 84

Real Estate and Accumuluated Depreciation Schedule III - Part 1 (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 754,987
Initial cost, land	376,704	$ 341,911	$ 100
Initial cost, buildings and improvements	1,947,646		3,400
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	20,284
Real estate, gross	2,344,634	2,028,010		$ 1,855,960	$ 149,009
Accumulated depreciation	111,321	$ 68,078	$ 123	$ 21,319	$ 869
McDonalds Corporation, Carlisle, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	938
Initial cost, land	396
Initial cost, buildings and improvements	924
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,320
Accumulated depreciation	218
Wickes, Blackpool, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,402
Initial cost, land	1,666
Initial cost, buildings and improvements	1,789
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,455
Accumulated depreciation	308
Everything Everywhere, Merthr Tydfil, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	4,936
Initial cost, land	3,394
Initial cost, buildings and improvements	2,160
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	5,554
Accumulated depreciation	365
Thames Water, Swindon, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	7,405
Initial cost, land	3,394
Initial cost, buildings and improvements	4,011
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	7,405
Accumulated depreciation	645
Wickes, Tunstall, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,036
Initial cost, land	864
Initial cost, buildings and improvements	1,975
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,839
Accumulated depreciation	316
PPD Global Labs, Highland Heights, KY
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	2,001
Initial cost, buildings and improvements	6,002
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	8,003
Accumulated depreciation	1,082
Northern Rock, Sunderland, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	6,479
Initial cost, land	1,234
Initial cost, buildings and improvements	4,319
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	5,553
Accumulated depreciation	677
Kulicke & Soffa
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	2,272
Initial cost, buildings and improvements	12,874
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	15,146
Accumulated depreciation	2,070
Wickes, Clifton, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,345
Initial cost, land	1,234
Initial cost, buildings and improvements	1,728
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,962
Accumulated depreciation	256
Con-way Freight, Aurora, NE
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	295
Initial cost, buildings and improvements	1,670
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,965
Accumulated depreciation	314
Con-way Freight, Grand Rapids, MI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	945
Initial cost, buildings and improvements	1,417
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,362
Accumulated depreciation	266
Con-way Freight, Riverton, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	344
Initial cost, buildings and improvements	804
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,148
Accumulated depreciation	151
Con-way Freight, Salina, KS
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	461
Initial cost, buildings and improvements	1,843
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,304
Accumulated depreciation	347
Con-way Freight, Uhrichsville, OH
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	380
Initial cost, buildings and improvements	886
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,266
Accumulated depreciation	167
Con-way Freight, Vincennes, IN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	220
Initial cost, buildings and improvements	712
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	932
Accumulated depreciation	132
Con-way Freight, Waite Park, MN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	367
Initial cost, buildings and improvements	681
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,048
Accumulated depreciation	128
Wolverine, Howard City, MI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	719
Initial cost, buildings and improvements	13,667
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	14,386
Accumulated depreciation	2,501
Western Digital, San Jose, CA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	17,682
Initial cost, land	9,021
Initial cost, buildings and improvements	16,729
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	25,750
Accumulated depreciation	2,423
Encanto, Baymon, PR
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,757
Initial cost, land	1,150
Initial cost, buildings and improvements	1,724
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,874
Accumulated depreciation	287
Encanto, Caguas, PR
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,528
Initial cost, land	0
Initial cost, buildings and improvements	2,481
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,481
Accumulated depreciation	412
Encanto, Carolina I, PR
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,826
Initial cost, land	1,840
Initial cost, buildings and improvements	2,761
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	4,601
Accumulated depreciation	459
Encanto, Carolina II, PR
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	840
Initial cost, land	615
Initial cost, buildings and improvements	751
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,366
Accumulated depreciation	125
Encanto, Guayama, PR
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	917
Initial cost, land	673
Initial cost, buildings and improvements	822
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,495
Accumulated depreciation	137
Encanto, Mayaguez, PR
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	840
Initial cost, land	410
Initial cost, buildings and improvements	957
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,367
Accumulated depreciation	159
Encanto, Ponce I, PR
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,222
Initial cost, land	600
Initial cost, buildings and improvements	1,399
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,999
Accumulated depreciation	241
Encanto, Ponce II, PR
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,337
Initial cost, land	655
Initial cost, buildings and improvements	1,528
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,183
Accumulated depreciation	254
Encanto, Puerto Neuvo, PR
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	496
Initial cost, land	0
Initial cost, buildings and improvements	782
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	782
Accumulated depreciation	130
Encanto, Quebrada Arena, PR
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,474
Initial cost, land	844
Initial cost, buildings and improvements	1,566
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,410
Accumulated depreciation	260
Encanto, Rio Piedras I, PR
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,680
Initial cost, land	963
Initial cost, buildings and improvements	1,788
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,751
Accumulated depreciation	297
Encanto, Rio Piedras II, PR
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,031
Initial cost, land	505
Initial cost, buildings and improvements	1,179
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,684
Accumulated depreciation	196
Encanto, San German, PR
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	687
Initial cost, land	391
Initial cost, buildings and improvements	726
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,117
Accumulated depreciation	125
Encanto, San Juan I, PR
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	955
Initial cost, land	389
Initial cost, buildings and improvements	1,168
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,557
Accumulated depreciation	194
Encanto, San Juan II, PR
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	474
Initial cost, land	153
Initial cost, buildings and improvements	612
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	765
Accumulated depreciation	102
Encanto, San Juan III, PR
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,680
Initial cost, land	1,235
Initial cost, buildings and improvements	1,509
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,744
Accumulated depreciation	251
Encanto, Toa Baja, PR
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	420
Initial cost, land	68
Initial cost, buildings and improvements	616
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	684
Accumulated depreciation	106
Encanto, Vega Baja, PR
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,435
Initial cost, land	822
Initial cost, buildings and improvements	1,527
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,349
Accumulated depreciation	254
Rheinmetall, Neuss, Germany
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	11,152
Initial cost, land	5,409
Initial cost, buildings and improvements	15,187
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	20,596
Accumulated depreciation	1,271
GE Aviation, Grand Rapids, MI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	3,174
Initial cost, buildings and improvements	27,076
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	30,250
Accumulated depreciation	2,163
Provident Financial, Bradford, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	15,735
Initial cost, land	1,245
Initial cost, buildings and improvements	23,094
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	24,339
Accumulated depreciation	1,668
Crown Crest, Leicester, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	23,757
Initial cost, land	7,092
Initial cost, buildings and improvements	29,288
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	36,380
Accumulated depreciation	2,410
Trane, Davenport, IA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	291
Initial cost, buildings and improvements	1,968
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,259
Accumulated depreciation	182
Aviva, Sheffield, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	19,376
Initial cost, land	2,681
Initial cost, buildings and improvements	30,384
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	33,065
Accumulated depreciation	2,199
DFS Trading, Brigg, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,614
Initial cost, land	1,253
Initial cost, buildings and improvements	3,552
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	4,805
Accumulated depreciation	284
DFS Trading, Carcroft I, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,448
Initial cost, land	286
Initial cost, buildings and improvements	2,052
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,338
Accumulated depreciation	173
DFS Trading, Carcroft II, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	3,118
Initial cost, land	1,053
Initial cost, buildings and improvements	4,171
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	5,224
Accumulated depreciation	309
DFS Trading, Darley Dale, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	3,261
Initial cost, land	1,232
Initial cost, buildings and improvements	3,163
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	4,395
Accumulated depreciation	258
DFS Trading, Somercotes, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,072
Initial cost, land	724
Initial cost, buildings and improvements	2,585
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,309
Accumulated depreciation	248
Government Services Administration, TN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	4,161
Initial cost, buildings and improvements	30,083
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	34,244
Accumulated depreciation	2,200
National Oilwell Varco, Williston, ND
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	211
Initial cost, buildings and improvements	3,513
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,724
Accumulated depreciation	347
Talk Talk, Manchester, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	4,721
Initial cost, land	724
Initial cost, buildings and improvements	8,605
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	9,329
Accumulated depreciation	637
Government Services Administration, Dover, DE
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,097
Initial cost, buildings and improvements	1,715
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,812
Accumulated depreciation	137
Government Services Administration, Germantown, PA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,098
Initial cost, buildings and improvements	3,573
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	4,671
Accumulated depreciation	256
OBI DIY, Mayen, Germany
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	4,734
Initial cost, land	1,179
Initial cost, buildings and improvements	7,036
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	8,215
Accumulated depreciation	590
DFS Trading, South Yorkshire, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,107
Initial cost, land	0
Initial cost, buildings and improvements	1,290
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,290
Accumulated depreciation	135
DFS Trading, Yorkshire, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,822
Initial cost, land	0
Initial cost, buildings and improvements	1,681
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,681
Accumulated depreciation	118
Government Services Administration, Dallas, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	484
Initial cost, buildings and improvements	2,934
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,418
Accumulated depreciation	210
Government Services Administration, Mission, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	618
Initial cost, buildings and improvements	3,145
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,763
Accumulated depreciation	237
Government Services Administration, International Falls, MN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	350
Initial cost, buildings and improvements	11,182
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	11,532
Accumulated depreciation	817
Indiana Department of Revenue, Indianapols, IN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	891
Initial cost, buildings and improvements	7,677
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	8,568
Accumulated depreciation	578
National Oilwell Varco, Pleasanton, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	282
Initial cost, buildings and improvements	5,015
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	5,297
Accumulated depreciation	272
Nissan, Murfreesboro, TN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	966
Initial cost, buildings and improvements	19,573
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	20,539
Accumulated depreciation	1,326
Government Services Administration, Lakewood, CO
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,220
Initial cost, buildings and improvements	7,928
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	9,148
Accumulated depreciation	538
Lippert Components, South Bend, IN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	3,195
Initial cost, buildings and improvements	6,883
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	10,078
Accumulated depreciation	478
Axon Energy Products, Conroe, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	826
Initial cost, buildings and improvements	6,132
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	6,958
Accumulated depreciation	402
Axon Energy Products, Houston I, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	416
Initial cost, buildings and improvements	5,186
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	5,602
Accumulated depreciation	368
Axon Energy Products, Houston II, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	294
Initial cost, buildings and improvements	2,310
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,604
Accumulated depreciation	169
Bell Supply Co, Carrizo Springs, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	260
Initial cost, buildings and improvements	1,445
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,705
Accumulated depreciation	122
Bell Supply Co, Cleburne, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	301
Initial cost, buildings and improvements	323
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	624
Accumulated depreciation	30
Bell Supply Co, Frierson, LA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	260
Initial cost, buildings and improvements	1,054
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,314
Accumulated depreciation	123
Bell Supply Co, Gainesville, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	131
Initial cost, buildings and improvements	1,420
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,551
Accumulated depreciation	101
Bell Supply Co, Killdeer, ND
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	307
Initial cost, buildings and improvements	1,250
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,557
Accumulated depreciation	103
Bell Supply Co, Williston, ND
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	163
Initial cost, buildings and improvements	2,323
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,486
Accumulated depreciation	172
GE Oil & Gas, Canton, OH
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	437
Initial cost, buildings and improvements	3,039
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,476
Accumulated depreciation	223
GE Oil & Gas, Odessa, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,611
Initial cost, buildings and improvements	3,322
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	4,933
Accumulated depreciation	440
Lhoist, Irving, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	173
Initial cost, buildings and improvements	2,154
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,327
Accumulated depreciation	185
Select Energy Services, DeBerry, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	533
Initial cost, buildings and improvements	7,551
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	8,084
Accumulated depreciation	852
Select Energy Services, Gainesville, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	519
Initial cost, buildings and improvements	7,482
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	8,001
Accumulated depreciation	501
Select Energy Services, Victoria, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	354
Initial cost, buildings and improvements	1,698
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,052
Accumulated depreciation	149
Bell Supply Co, Jacksboro, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	51
Initial cost, buildings and improvements	657
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	708
Accumulated depreciation	75
Bell Supply Co, Kenedy, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	190
Initial cost, buildings and improvements	1,669
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,859
Accumulated depreciation	150
Select Energy Services, Alice, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	518
Initial cost, buildings and improvements	1,331
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,849
Accumulated depreciation	103
Select Energy Services, Dilley, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	429
Initial cost, buildings and improvements	1,777
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,206
Accumulated depreciation	162
Select Energy Services, Kenedy, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	815
Initial cost, buildings and improvements	8,355
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	9,170
Accumulated depreciation	654
Select Energy Services, Laredo, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	2,472
Initial cost, buildings and improvements	944
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,416
Accumulated depreciation	109
Superior Energy Services, Gainesville, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	322
Initial cost, buildings and improvements	480
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	802
Accumulated depreciation	34
Superior Energy Services, Jacksboro, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	408
Initial cost, buildings and improvements	312
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	720
Accumulated depreciation	30
Amcor Packaging, Workington, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	3,858
Initial cost, land	1,074
Initial cost, buildings and improvements	6,333
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	7,407
Accumulated depreciation	495
Government Services Administration, Raton, NM
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	93
Initial cost, buildings and improvements	875
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	968
Accumulated depreciation	65
Nimble Storage, San Jose, CA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	30,227
Initial cost, buildings and improvements	10,795
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	180
Real estate, gross	41,202
Accumulated depreciation	734
FedEx, Amarillo, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	889
Initial cost, buildings and improvements	6,446
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	7,335
Accumulated depreciation	521
FedEx, Chicopee, MA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,030
Initial cost, buildings and improvements	7,022
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	8,052
Accumulated depreciation	597
FedEx, San Antonio, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	3,283
Initial cost, buildings and improvements	17,729
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	21,012
Accumulated depreciation	1,197
Sandoz, Princeton, NJ
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	7,766
Initial cost, buildings and improvements	31,994
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	11,558
Real estate, gross	51,318
Accumulated depreciation	4,037
Wyndham, Branson, MO
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	881
Initial cost, buildings and improvements	3,307
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	4,188
Accumulated depreciation	236
Valassis, Livonia, MI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,735
Initial cost, buildings and improvements	8,119
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	9,854
Accumulated depreciation	532
Government Services Administration, Fort Fairfield, ME
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	26
Initial cost, buildings and improvements	9,315
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	9,341
Accumulated depreciation	575
AT&T Services, Inc., San Antonio, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	33,550
Initial cost, land	5,312
Initial cost, buildings and improvements	41,201
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	46,513
Accumulated depreciation	2,515
PNC Bank, Erie, PA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	242
Initial cost, buildings and improvements	6,195
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	6,437
Accumulated depreciation	386
PNC Bank, Scranton, PA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,324
Initial cost, buildings and improvements	3,004
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	4,328
Accumulated depreciation	192
Achmea, Leusden, Netherlands
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	2,678
Initial cost, buildings and improvements	20,872
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	46
Real estate, gross	23,596
Accumulated depreciation	1,324
Continental Tire, For Mill, SC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	780
Initial cost, buildings and improvements	14,259
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	15,039
Accumulated depreciation	887
Fujitsu Office Properties, Manchester, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	30,581
Initial cost, land	3,485
Initial cost, buildings and improvements	37,725
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	41,210
Accumulated depreciation	2,300
BP Oil, Wootton Bassett, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,800
Initial cost, land	565
Initial cost, buildings and improvements	2,444
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,009
Accumulated depreciation	158
HBOS, Derby, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	3,579
Initial cost, land	567
Initial cost, buildings and improvements	5,714
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	6,281
Accumulated depreciation	382
HBOS, St. Helens, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,829
Initial cost, land	215
Initial cost, buildings and improvements	3,238
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,453
Accumulated depreciation	218
HBOS, Warrington, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,244
Initial cost, land	410
Initial cost, buildings and improvements	1,934
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,344
Accumulated depreciation	141
Malthurst, Shiptonthorpe, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,200
Initial cost, land	260
Initial cost, buildings and improvements	1,849
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,109
Accumulated depreciation	132
Malthurst, Yorkshire, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	950
Initial cost, land	461
Initial cost, buildings and improvements	1,210
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,671
Accumulated depreciation	113
Stanley Black & Decker, Westerville, OH
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	958
Initial cost, buildings and improvements	6,933
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	7,891
Accumulated depreciation	446
Thermo Fisher, Kalamazoo, MI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,176
Initial cost, buildings and improvements	10,179
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	11,355
Accumulated depreciation	623
Capgemini, Birmingham, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	6,788
Initial cost, land	1,536
Initial cost, buildings and improvements	14,564
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	16,100
Accumulated depreciation	914
Merck, Madison, NJ
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	10,290
Initial cost, buildings and improvements	32,530
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	1
Real estate, gross	42,821
Accumulated depreciation	1,936
Family Dollar, Abberville, AL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	115
Initial cost, buildings and improvements	635
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	750
Accumulated depreciation	49
Family Dollar, Aiken, SC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	439
Initial cost, buildings and improvements	505
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	944
Accumulated depreciation	42
Family Dollar, Alapaha, GA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	200
Initial cost, buildings and improvements	492
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	692
Accumulated depreciation	42
Family Dollar, Anniston, AL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	176
Initial cost, buildings and improvements	618
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	794
Accumulated depreciation	47
Family Dollar, Atlanta, GA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	234
Initial cost, buildings and improvements	1,181
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,415
Accumulated depreciation	78
Family Dollar, Bossier City, LA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	291
Initial cost, buildings and improvements	520
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	811
Accumulated depreciation	38
Family Dollar, Brandenburg, KY
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	178
Initial cost, buildings and improvements	748
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	926
Accumulated depreciation	55
Family Dollar, Brownfield, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	31
Initial cost, buildings and improvements	664
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	695
Accumulated depreciation	44
Family Dollar, Brownsville, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	83
Initial cost, buildings and improvements	803
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	886
Accumulated depreciation	53
Family Dollar, Caledonia, MS
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	415
Initial cost, buildings and improvements	162
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	577
Accumulated depreciation	21
Family Dollar, Camden, SC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	187
Initial cost, buildings and improvements	608
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	795
Accumulated depreciation	47
Family Dollar, Camp Wood, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	96
Initial cost, buildings and improvements	593
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	689
Accumulated depreciation	45
Family Dollar, Church Point, LA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	247
Initial cost, buildings and improvements	563
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	810
Accumulated depreciation	42
Family Dollar, Columbia, SC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	363
Initial cost, buildings and improvements	487
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	850
Accumulated depreciation	42
Family Dollar, Columbus, MS
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	305
Initial cost, buildings and improvements	85
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	390
Accumulated depreciation	10
Family Dollar, Danville, VA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	124
Initial cost, buildings and improvements	660
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	784
Accumulated depreciation	46
Family Dollar, Detroit, MI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	107
Initial cost, buildings and improvements	711
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	818
Accumulated depreciation	43
Family Dollar, Diamond Head, MS
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	104
Initial cost, buildings and improvements	834
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	938
Accumulated depreciation	56
Family Dollar, Falfurrias, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	52
Initial cost, buildings and improvements	745
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	797
Accumulated depreciation	45
Family Dollar, Fayetteville, NC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	99
Initial cost, buildings and improvements	438
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	537
Accumulated depreciation	28
Family Dollar, Fort Davis, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	114
Initial cost, buildings and improvements	698
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	812
Accumulated depreciation	54
Family Dollar, Fort Madison, IA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	188
Initial cost, buildings and improvements	226
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	414
Accumulated depreciation	19
Family Dollar, Greenwood, SC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	629
Initial cost, buildings and improvements	546
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,175
Accumulated depreciation	38
Family Dollar, Grenada, MS
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	346
Initial cost, buildings and improvements	335
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	681
Accumulated depreciation	31
Family Dollar, Griffin, GA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	369
Initial cost, buildings and improvements	715
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,084
Accumulated depreciation	54
Family Dollar, Hallsville, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	96
Initial cost, buildings and improvements	225
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	321
Accumulated depreciation	15
Family Dollar, Hardeeville, SC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	83
Initial cost, buildings and improvements	663
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	746
Accumulated depreciation	48
Family Dollar, Hastings, NE
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	260
Initial cost, buildings and improvements	515
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	775
Accumulated depreciation	35
Family Dollar, Haw River, NC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	310
Initial cost, buildings and improvements	554
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	864
Accumulated depreciation	52
Family Dollar, Kansas City, MO
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	52
Initial cost, buildings and improvements	986
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,038
Accumulated depreciation	58
Family Dollar, Knoxville, TN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	82
Initial cost, buildings and improvements	714
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	796
Accumulated depreciation	52
Family Dollar, La Feria, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	124
Initial cost, buildings and improvements	956
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,080
Accumulated depreciation	61
Family Dollar, Lancaster, SC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	229
Initial cost, buildings and improvements	721
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	950
Accumulated depreciation	57
Family Dollar, Lillian, AL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	410
Initial cost, buildings and improvements	508
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	918
Accumulated depreciation	39
Family Dollar, Louisville, KY
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	511
Initial cost, buildings and improvements	503
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,014
Accumulated depreciation	40
Family Dollar, Louisville, MS
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	235
Initial cost, buildings and improvements	410
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	645
Accumulated depreciation	34
Family Dollar, Madisonville, KY
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	389
Initial cost, buildings and improvements	576
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	965
Accumulated depreciation	45
Family Dollar, Memphis I, TN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	158
Initial cost, buildings and improvements	301
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	459
Accumulated depreciation	26
Family Dollar, Memphis II, TN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	79
Initial cost, buildings and improvements	342
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	421
Accumulated depreciation	28
Family Dollar, Memphis III, TN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	356
Initial cost, buildings and improvements	507
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	863
Accumulated depreciation	41
Family Dollar, Mendenhall, MS
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	61
Initial cost, buildings and improvements	720
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	781
Accumulated depreciation	50
Family Dollar, Mobile, AL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	258
Initial cost, buildings and improvements	682
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	940
Accumulated depreciation	47
Family Dollar, Mohave Valley, AZ
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	284
Initial cost, buildings and improvements	575
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	859
Accumulated depreciation	52
Family Dollar, N Platte, NE
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	117
Initial cost, buildings and improvements	255
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	372
Accumulated depreciation	15
Family Dollar, Nampa, ID
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	133
Initial cost, buildings and improvements	1,126
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,259
Accumulated depreciation	75
Family Dollar, Newberry, MI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	172
Initial cost, buildings and improvements	1,562
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,734
Accumulated depreciation	103
Family Dollar, North Charleston I, SC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	376
Initial cost, buildings and improvements	588
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	964
Accumulated depreciation	46
Family Dollar, North Charleston II, SC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	458
Initial cost, buildings and improvements	593
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,051
Accumulated depreciation	50
Family Dollar, Oklahoma City, OK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	144
Initial cost, buildings and improvements	1,211
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,355
Accumulated depreciation	72
Family Dollar, Paulden, AZ
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	468
Initial cost, buildings and improvements	306
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	774
Accumulated depreciation	33
Family Dollar, Poteet, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	141
Initial cost, buildings and improvements	169
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	310
Accumulated depreciation	19
Family Dollar, Rockford, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	183
Initial cost, buildings and improvements	1,179
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,362
Accumulated depreciation	76
Family Dollar, Roebuck, SC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	306
Initial cost, buildings and improvements	508
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	814
Accumulated depreciation	47
Family Dollar, San Angelo, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	96
Initial cost, buildings and improvements	342
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	438
Accumulated depreciation	27
Family Dollar, St. Louis, MO
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	226
Initial cost, buildings and improvements	1,325
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,551
Accumulated depreciation	85
Family Dollar, Tyler, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	217
Initial cost, buildings and improvements	682
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	899
Accumulated depreciation	45
Family Dollar, Union, MS
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	52
Initial cost, buildings and improvements	622
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	674
Accumulated depreciation	44
Family Dollar, Williamston, SC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	211
Initial cost, buildings and improvements	558
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	769
Accumulated depreciation	43
Government Services Administration, Rangeley, ME
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,377
Initial cost, buildings and improvements	4,746
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	262
Real estate, gross	6,385
Accumulated depreciation	305
Hewlett-Packard, Newcastle, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	11,461
Initial cost, land	1,061
Initial cost, buildings and improvements	17,667
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	18,728
Accumulated depreciation	1,015
Inteir Automotive, Redditch, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	5,831
Initial cost, land	1,096
Initial cost, buildings and improvements	8,676
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	9,772
Accumulated depreciation	555
Waste Management, Winston-Salem, NC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	494
Initial cost, buildings and improvements	3,235
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,729
Accumulated depreciation	195
FedEx, Winona, MN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	83
Initial cost, buildings and improvements	1,785
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,868
Accumulated depreciation	125
Dollar General, Allen, OK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	99
Initial cost, buildings and improvements	793
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	892
Accumulated depreciation	51
Dollar General, Cherokee, KS
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	27
Initial cost, buildings and improvements	769
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	796
Accumulated depreciation	50
Dollar General, Clearwater, KS
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	90
Initial cost, buildings and improvements	785
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	875
Accumulated depreciation	51
Dollar General, Dexter, NM
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	329
Initial cost, buildings and improvements	585
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	914
Accumulated depreciation	38
Dollar General, Elmore City, OK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	21
Initial cost, buildings and improvements	742
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	763
Accumulated depreciation	49
Dollar General, Eunice, NM
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	269
Initial cost, buildings and improvements	569
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	838
Accumulated depreciation	37
Dollar General, Gore, OK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	143
Initial cost, buildings and improvements	813
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	956
Accumulated depreciation	53
Dollar General, Kingston, OK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	81
Initial cost, buildings and improvements	778
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	859
Accumulated depreciation	51
Dollar General, Lordsburg, NM
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	212
Initial cost, buildings and improvements	719
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	931
Accumulated depreciation	46
Dollar General, Lyons, KS
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	120
Initial cost, buildings and improvements	970
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,090
Accumulated depreciation	62
Dollar General, Mansfield, LA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	169
Initial cost, buildings and improvements	812
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	981
Accumulated depreciation	52
Dollar General, Neligh, NE
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	83
Initial cost, buildings and improvements	1,045
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,128
Accumulated depreciation	65
Dollar General, Norman, OK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	40
Initial cost, buildings and improvements	913
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	953
Accumulated depreciation	59
Dollar General, Peggs, OK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	72
Initial cost, buildings and improvements	879
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	951
Accumulated depreciation	56
Dollar General, Santa Rosa, NM
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	324
Initial cost, buildings and improvements	575
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	899
Accumulated depreciation	37
Dollar General, Sapulpa, OK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	143
Initial cost, buildings and improvements	745
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	888
Accumulated depreciation	49
Dollar General, Schuyler, NE
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	144
Initial cost, buildings and improvements	905
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,049
Accumulated depreciation	57
Dollar General, Tahlequah, OK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	132
Initial cost, buildings and improvements	925
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,057
Accumulated depreciation	59
Dollar General, Townville, PA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	78
Initial cost, buildings and improvements	882
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	960
Accumulated depreciation	60
Dollar General, Valley Falls, KS
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	51
Initial cost, buildings and improvements	922
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	973
Accumulated depreciation	58
Dollar General, Wymore, NE
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	21
Initial cost, buildings and improvements	872
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	893
Accumulated depreciation	55
FedEx, Bohemia, NY
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	4,838
Initial cost, buildings and improvements	19,596
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	24,434
Accumulated depreciation	1,271
FedEx, Watertown, NY
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	561
Initial cost, buildings and improvements	4,757
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	5,318
Accumulated depreciation	325
Shaw Aero, Naples, FL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	998
Initial cost, buildings and improvements	22,332
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	23,330
Accumulated depreciation	1,307
Mallinckrodt, St. Louis, MO
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,499
Initial cost, buildings and improvements	16,828
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	18,327
Accumulated depreciation	995
Kuka Warehouse, Sterling Heights, MI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,227
Initial cost, buildings and improvements	10,790
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	12,017
Accumulated depreciation	638
Trinity Health, Livonia, MI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	4,273
Initial cost, buildings and improvements	16,574
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	21
Real estate, gross	20,868
Accumulated depreciation	1,089
Trinity Health, Livonia, MI II
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial cost, land	4,680
Initial cost, buildings and improvements	11,568
Costs capitalized subsequent to acquisition, buildings and improvements	341
Real estate, gross	16,589
Accumulated depreciation	850
FedEx, Hebron, KY
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,107
Initial cost, buildings and improvements	7,750
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	8,857
Accumulated depreciation	484
FedEx, Lexington, KY
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,118
Initial cost, buildings and improvements	7,961
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	9,079
Accumulated depreciation	491
GE Aviation, Cincinnati, OH
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,393
Initial cost, buildings and improvements	10,490
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	11,883
Accumulated depreciation	622
Bradford & Bingley, Bingley, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	9,330
Initial cost, land	4,116
Initial cost, buildings and improvements	10,334
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	14,450
Accumulated depreciation	638
DNV GL, Dublin, OH
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	2,509
Initial cost, buildings and improvements	3,140
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	5,649
Accumulated depreciation	194
Rexam, Reckinghausen, Germany
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	5,534
Initial cost, land	742
Initial cost, buildings and improvements	10,441
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	11,183
Accumulated depreciation	625
CJ Energy, Houston, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	3,865
Initial cost, buildings and improvements	9,457
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	13,322
Accumulated depreciation	575
FedEx, Lake Charles, LA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	255
Initial cost, buildings and improvements	7,485
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	7,740
Accumulated depreciation	509
Family Dollar, Big Sandy, TN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	62
Initial cost, buildings and improvements	739
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	801
Accumulated depreciation	49
Family Dollar, Boling, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	80
Initial cost, buildings and improvements	781
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	861
Accumulated depreciation	49
Family Dollar, Bonifay, FL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	103
Initial cost, buildings and improvements	673
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	776
Accumulated depreciation	53
Family Dollar, Brindidge, AL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	89
Initial cost, buildings and improvements	749
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	838
Accumulated depreciation	62
Family Dollar, Brownsville, TN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	155
Initial cost, buildings and improvements	776
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	931
Accumulated depreciation	56
Family Dollar, Buena Vista, GA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	246
Initial cost, buildings and improvements	757
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,003
Accumulated depreciation	74
Family Dollar, Calvert, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	91
Initial cost, buildings and improvements	777
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	868
Accumulated depreciation	50
Family Dollar, Chocowinty, NC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	237
Initial cost, buildings and improvements	554
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	791
Accumulated depreciation	39
Family Dollar, Clarksville, TN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	370
Initial cost, buildings and improvements	1,025
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,395
Accumulated depreciation	78
Family Dollar, Fort Mill, SC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	556
Initial cost, buildings and improvements	757
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,313
Accumulated depreciation	52
Family Dollar, Hillsboro, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	287
Initial cost, buildings and improvements	634
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	921
Accumulated depreciation	42
Family Dollar, Lake Charles, LA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	295
Initial cost, buildings and improvements	737
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,032
Accumulated depreciation	48
Family Dollar, Lakeland, FL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	300
Initial cost, buildings and improvements	812
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,112
Accumulated depreciation	53
Family Dollar, Lansing, MI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	132
Initial cost, buildings and improvements	1,040
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,172
Accumulated depreciation	79
Family Dollar, Laurens, SC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	303
Initial cost, buildings and improvements	584
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	887
Accumulated depreciation	51
Family Dollar, Marion, MS
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	183
Initial cost, buildings and improvements	747
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	930
Accumulated depreciation	50
Family Dollar, Marsing, ID
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	188
Initial cost, buildings and improvements	786
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	974
Accumulated depreciation	65
Family Dollar, Montgomery I, AL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	411
Initial cost, buildings and improvements	646
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,057
Accumulated depreciation	59
Family Dollar, Montgomery II, AL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	122
Initial cost, buildings and improvements	821
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	943
Accumulated depreciation	69
Family Dollar, Monticello, FL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	230
Initial cost, buildings and improvements	695
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	925
Accumulated depreciation	51
Family Dollar, Monticello, UT
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	96
Initial cost, buildings and improvements	894
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	990
Accumulated depreciation	76
Family Dollar, North Little Rock, AR
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	424
Initial cost, buildings and improvements	649
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,073
Accumulated depreciation	53
Family Dollar, Oakdale, LA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	243
Initial cost, buildings and improvements	696
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	939
Accumulated depreciation	45
Family Dollar, Orlando, FL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	684
Initial cost, buildings and improvements	619
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,303
Accumulated depreciation	46
Family Dollar, Port St. Lucie, FL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	403
Initial cost, buildings and improvements	907
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,310
Accumulated depreciation	62
Family Dollar, Prattville, AL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	463
Initial cost, buildings and improvements	749
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,212
Accumulated depreciation	70
Family Dollar, Prichard, AL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	241
Initial cost, buildings and improvements	803
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,044
Accumulated depreciation	52
Family Dollar, Quinlan, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	74
Initial cost, buildings and improvements	774
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	848
Accumulated depreciation	50
Family Dollar, Rigeland, MS
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	447
Initial cost, buildings and improvements	891
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,338
Accumulated depreciation	57
Family Dollar, Rising Star, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	63
Initial cost, buildings and improvements	674
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	737
Accumulated depreciation	44
Family Dollar, Southaven, MS
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	409
Initial cost, buildings and improvements	1,080
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,489
Accumulated depreciation	75
Family Dollar, Spout Springs, NC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	474
Initial cost, buildings and improvements	676
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,150
Accumulated depreciation	47
Family Dollar, St. Petersburg, FL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	482
Initial cost, buildings and improvements	851
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,333
Accumulated depreciation	58
Family Dollar, Swansboro, NC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	337
Initial cost, buildings and improvements	826
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,163
Accumulated depreciation	72
Panasonic, Hudson, NJ
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,312
Initial cost, buildings and improvements	7,075
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	8,387
Accumulated depreciation	404
Onguard, Havre De Grace, MD
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	2,216
Initial cost, buildings and improvements	6,585
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	8,801
Accumulated depreciation	536
Axon Energy Products, Houston, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	297
Initial cost, buildings and improvements	2,432
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,729
Accumulated depreciation	137
Metro Tonic, Halle Peissen, Germany
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	27,879
Initial cost, land	6,393
Initial cost, buildings and improvements	44,790
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	51,183
Accumulated depreciation	2,968
Tokmanni, Matsala, Finland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	30,483
Initial cost, land	1,657
Initial cost, buildings and improvements	50,142
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	51,799
Accumulated depreciation	3,131
Fife Council, Dunfermline, UK
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,263
Initial cost, land	325
Initial cost, buildings and improvements	4,193
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	4,518
Accumulated depreciation	235
Family Dollar, Doerun, GA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	236
Initial cost, buildings and improvements	717
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	953
Accumulated depreciation	48
Family Dollar, Old Hickory, TN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	548
Initial cost, buildings and improvements	781
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,329
Accumulated depreciation	56
Government Services Administration, Rapid City, SD
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	504
Initial cost, buildings and improvements	7,837
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	8,341
Accumulated depreciation	459
KPN BV, Houten, Netherlands
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,483
Initial cost, buildings and improvements	18,145
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	19,628
Accumulated depreciation	1,036
RWE AG, Essen I, Germany
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	22,703
Initial cost, land	4,613
Initial cost, buildings and improvements	32,811
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	37,424
Accumulated depreciation	1,806
RWE AG, Essen II, Germany
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	27,498
Initial cost, land	11,297
Initial cost, buildings and improvements	39,719
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	51,016
Accumulated depreciation	2,194
RWE AG, Essen III, Germany
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	15,552
Initial cost, land	1,786
Initial cost, buildings and improvements	22,819
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	24,605
Accumulated depreciation	1,261
Follett School, McHenry, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	3,423
Initial cost, buildings and improvements	15,600
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	19,023
Accumulated depreciation	1,038
Quest Diagnostics, Inc., Santa Clarita, CA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	52,800
Initial cost, land	10,714
Initial cost, buildings and improvements	69,018
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	79,732
Accumulated depreciation	3,657
Diebold, North Canton, OH
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, buildings and improvements	9,142
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	9,142
Accumulated depreciation	566
Weatherford International, Odessa, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	665
Initial cost, buildings and improvements	1,795
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,460
Accumulated depreciation	160
AM Castle, Wichita, KS
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	426
Initial cost, buildings and improvements	6,681
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	7,107
Accumulated depreciation	338
FedEx, Billerica, MA
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,138
Initial cost, buildings and improvements	6,674
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	7,812
Accumulated depreciation	415
Constellium Auto, Wayne, MI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,180
Initial cost, buildings and improvements	13,781
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	7,875
Real estate, gross	22,836
Accumulated depreciation	1,807
C&J Energy II, Houston, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	6,196
Initial cost, buildings and improvements	21,745
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	27,941
Accumulated depreciation	1,039
Fedex VII, Salina, UT
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	428
Initial cost, buildings and improvements	3,447
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,875
Accumulated depreciation	229
Fedex VIII, Pierre, SD
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, buildings and improvements	3,288
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,288
Accumulated depreciation	187
Crown Group, Fraser, MI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	350
Initial cost, buildings and improvements	3,865
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	4,215
Accumulated depreciation	151
Crown Group, Jonesville, MI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	101
Initial cost, buildings and improvements	3,136
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,237
Accumulated depreciation	127
Crown Group, Warren, MI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	297
Initial cost, buildings and improvements	3,325
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,622
Accumulated depreciation	132
Crown Group, Marion, SC
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	386
Initial cost, buildings and improvements	7,993
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	8,379
Accumulated depreciation	318
Crown Group, Logansport, IN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,843
Initial cost, buildings and improvements	5,430
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	7,273
Accumulated depreciation	237
Crown Group, Madison, IN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,598
Initial cost, buildings and improvements	7,513
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	9,111
Accumulated depreciation	277
Mapes & Sprowl Steel, Ltd., Elk Grove, IL
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	954
Initial cost, buildings and improvements	4,619
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	5,573
Accumulated depreciation	168
JIT Steel Services, Chattanooga, TN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	582
Initial cost, buildings and improvements	3,122
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,704
Accumulated depreciation	110
JIT Steel Services, Chattanooga, TN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	316
Initial cost, buildings and improvements	1,986
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,302
Accumulated depreciation	68
Beacon Health System, Inc., South Bend, IN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,636
Initial cost, buildings and improvements	8,190
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	9,826
Accumulated depreciation	289
Hannibal/Lex JV LLC, Houston, TX
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	2,090
Initial cost, buildings and improvements	11,138
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	13,228
Accumulated depreciation	367
FedEx Ground, Mankato, MN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	472
Initial cost, buildings and improvements	6,780
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	7,252
Accumulated depreciation	286
Office Depot, Venlo, NETH
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	3,281
Initial cost, buildings and improvements	14,509
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	17,790
Accumulated depreciation	587
Finnair, Helsinki, FIN
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	29,878
Initial cost, land	2,367
Initial cost, buildings and improvements	67,462
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	69,829
Accumulated depreciation	2,438
Auchan
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	8,732
Initial cost, land	3,827
Initial cost, buildings and improvements	12,568
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	16,395
Accumulated depreciation	11
Pole Emploi
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	6,102
Initial cost, land	739
Initial cost, buildings and improvements	7,963
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	8,702
Accumulated depreciation	6
Veolia Water, United States
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	4,110
Initial cost, land	572
Initial cost, buildings and improvements	5,815
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	6,387
Accumulated depreciation	5
Sagemcom
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	37,768
Initial cost, land	2,764
Initial cost, buildings and improvements	67,600
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	70,364
Accumulated depreciation	46
NCR Dundee
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	6,960
Initial cost, land	2,464
Initial cost, buildings and improvements	8,370
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	10,834
Accumulated depreciation	7
FedEx Freight, United States
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	6,165
Initial cost, land	1,852
Initial cost, buildings and improvements	8,780
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	10,632
Accumulated depreciation	8
DB Luxembourg
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	37,873
Initial cost, land	15,280
Initial cost, buildings and improvements	45,592
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	60,872
Accumulated depreciation	31
ING Amsterdam
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	46,290
Initial cost, land	0
Initial cost, buildings and improvements	70,980
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	70,980
Accumulated depreciation	48
Worldline
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	5,260
Initial cost, land	1,040
Initial cost, buildings and improvements	5,127
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	6,167
Accumulated depreciation	5
Foster Wheeler
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	48,501
Initial cost, land	25,216
Initial cost, buildings and improvements	73,346
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	98,562
Accumulated depreciation	51
ID Logistics I, Germany
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	4,208
Initial cost, land	1,239
Initial cost, buildings and improvements	8,413
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	9,652
Accumulated depreciation	6
ID Logistics II
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	11,046
Initial cost, land	4,652
Initial cost, buildings and improvements	13,761
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	18,413
Accumulated depreciation	10
Harper Collins
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	34,648
Initial cost, land	9,685
Initial cost, buildings and improvements	51,649
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	61,334
Accumulated depreciation	38
DCNS
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	9,994
Initial cost, land	1,786
Initial cost, buildings and improvements	14,112
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	15,898
Accumulated depreciation	$ 10

Real Estate and Accumuluated 85

Real Estate and Accumuluated Depreciation Schedule III - Narrative (Details) $ in Thousands, € in Millions	12 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2016EUR (€)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Deferred financing costs	$ 5,103		$ 7,446
Acquired intangible assets	587,100
Cost for income tax purposes	3,000,000
Accumulated amortization	$ 104,700
Useful life, buildings (years)	40 years
Useful life, land improvements (years)	15 years
Useful life, fixtures (years)	5 years
Land	$ 376,704		341,911	$ 100
Buildings, fixtures and improvements	1,947,646			3,400
Accumulated depreciation	111,321		68,078	$ 123	$ 21,319	$ 869
Mezzanine facility	55,400		0
Mortgage notes payable
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Deferred financing costs	5,103		$ 7,446
Mortgage (discount) premium, net	(2,500)
Mortgage notes payable | Mezzanine Loan Facility
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Mezzanine facility	$ 55,400	€ 52.7

Real Estate and Accumuluated 86

Real Estate and Accumuluated Depreciation Schedule III - Part 2 (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Real estate investments, at cost:
Balance at beginning of year	$ 2,028,010	$ 1,855,960	$ 149,009
Additions-Acquisitions	463,327	226,412	1,748,944
Asset remeasurement	0	2,318	(675)
Asset Dispositions	(77,063)	0	0
Currency translation adjustment	(69,640)	(56,680)	(41,318)
Balance at end of the year	2,344,634	2,028,010	1,855,960
Accumulated depreciation and amortization:
Balance at beginning of year	68,078	21,319	869
Depreciation expense	50,333	47,649	20,856
Asset Dispositions	(3,012)	0	0
Currency translation adjustment	(4,078)	(890)	(406)
Balance at end of the year	$ 111,321	$ 68,078	$ 21,319