Global Net Lease (GNL) 10-K 28 Feb 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2018	Feb. 22, 2019	Jun. 30, 2018
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, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Shares, Shares Outstanding		83,840,503
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 1.4

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Real estate investments, at cost (Note 4):
Land	$ 398,911	$ 402,318
Buildings, fixtures and improvements	2,345,202	2,138,405
Construction in progress	1,235	2,328
Acquired intangible lease assets	675,551	629,626
Total real estate investments, at cost	3,420,899	3,172,677
Less accumulated depreciation and amortization	(437,974)	(339,931)
Total real estate investments, net	2,982,925	2,832,746
Assets held for sale	112,902	0
Cash and cash equivalents	100,324	102,425
Restricted cash	3,369	5,302
Derivative assets, at fair value (Note 8)	8,730	2,176
Unbilled straight-line rent	47,183	42,739
Prepaid expenses and other assets	22,245	22,617
Due from related parties	16	16
Deferred tax assets	3,293	1,029
Goodwill and other intangible assets, net	22,180	22,771
Deferred financing costs, net	6,311	6,774
Total Assets	3,309,478	3,038,595
LIABILITIES AND EQUITY
Mortgage notes payable, net (Note 5)	1,129,807	984,876
Revolving credit facility (Note 6)	363,894	298,909
Term loan, net (Note 6)	278,727	229,905
Acquired intangible lease liabilities, net	35,757	31,388
Derivative liabilities, at fair value (Note 8)	3,886	15,791
Due to related parties	790	829
Accounts payable and accrued expenses	31,529	23,227
Prepaid rent	16,223	18,535
Deferred tax liability	15,227	15,861
Taxes payable	2,228	2,475
Dividends payable	2,664	2,556
Total Liabilities	1,880,732	1,624,352
Commitments and contingencies (Note 10)	0	0
Stockholders' Equity (Note 9):
Common stock, $0.01 par value, 100,000,000 shares authorized, 76,080,625 and 67,287,231 shares issued and outstanding at December 31, 2018 and 2017, respectively	2,091	2,003
Additional paid-in capital	2,031,981	1,860,058
Accumulated other comprehensive income	6,810	19,447
Accumulated deficit	(615,448)	(468,396)
Total Stockholders' Equity	1,425,488	1,413,166
Non-controlling interest	3,258	1,077
Total Equity	1,428,746	1,414,243
Total Liabilities and Equity	3,309,478	3,038,595
Redeemable Preferred Stock
Stockholders' Equity (Note 9):
7.25% Series A cumulative redeemable preferred shares, $0.01 par value, liquidation preference $25.00 per share, 13,409,650 and 5,409,650 authorized, 5,416,890 and 5,409,650 issued and outstanding as of December 31, 2018 and 2017, respectively	$ 54	$ 54

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Preferred stock, authorized (in shares)	16,670,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	100,000,000	100,000,000
Common stock, issued (in shares)	76,080,625	67,287,231
Common stock, outstanding (in shares)	76,080,625	67,287,231
Redeemable Preferred Stock
Preferred stock, dividend rate	7.25%	7.25%
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, liquidation preference (in dollars per share)	$ 25	$ 25
Preferred stock, authorized (in shares)	13,409,650	5,409,650
Preferred stock, issued (in shares)	5,416,890	5,409,650
Preferred stock, outstanding (in shares)	5,416,890	5,409,650

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenues:
Total revenues	$ 282,207	$ 259,295	$ 214,174
Expenses (income):
Property operating	28,732	28,857	19,038
Fire (recovery) loss	(50)
Fire (recovery) loss		45	0
Operating fees to related parties	28,234	24,457	19,751
Impairment charges and related lease intangible write-offs	5,000	0	0
Acquisition, transaction and other costs (Note 10)	13,850	1,979	9,792
General and administrative	10,439	8,648	7,108
Equity-based compensation	2,649	(3,787)	3,748
Depreciation and amortization	119,582	113,048	94,455
Total expenses	208,436	173,247	153,892
Operating income before (loss) gain on dispositions of real estate investments	73,771	86,048	60,282
(Loss) gain on dispositions of real estate investments	(5,751)	1,089	13,341
Operating income	68,020	87,137	73,623
Other income (expense):
Interest expense	(57,973)	(48,450)	(39,121)
Loss on extinguishment of debt	(3,897)	0	0
Gain (loss) on derivative instruments	7,638	(8,304)	7,368
Unrealized (loss) gain on undesignated foreign currency advances and other hedge ineffectiveness	(434)	(3,679)	10,109
Other (loss) income	(23)	22	20
Total other expense, net	(54,689)	(60,411)	(21,624)
Net income before income tax	13,331	26,726	51,999
Income tax expense	(2,434)	(3,140)	(4,422)
Net income	10,897	23,586	47,577
Net income attributable to non-controlling interest	0	(21)	(437)
Preferred stock dividends	(9,815)	(2,834)	0
Net income attributable to common stockholders	$ 1,082	$ 20,731	$ 47,140
Basic and Diluted Earnings Per Common Share:
Basic and diluted net income per share attributable to common stockholders (in dollars per share)	$ 0.01	$ 0.30	$ 0.82
Weighted average common shares outstanding:
Basic (in shares)	69,411,061	66,877,620	56,720,448
Diluted (in shares)	69,663,208	66,877,620	56,720,448
Occupancy
Revenues:
Total revenues	$ 265,298	$ 242,532	$ 204,049
Tenant Reimbursements
Revenues:
Total revenues	$ 16,909	$ 16,763	$ 10,125

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 10,897	$ 23,586	$ 47,577
Other comprehensive income (loss)
Cumulative translation adjustment	(17,555)	27,954	(6,447)
Designated derivatives, fair value adjustments	4,918	8,163	(6,705)
Other comprehensive (loss) income	(12,637)	36,117	(13,152)
Comprehensive (loss) income	(1,740)	59,703	34,425
Amounts attributable to non-controlling interest
Net income	0	(21)	(437)
Cumulative translation adjustment	0	2	52
Designated derivatives, fair value adjustments	0	23	54
Comprehensive loss (income) attributable to non-controlling interest	0	4	(331)
Preferred stock dividends	(9,815)	(2,834)	0
Comprehensive (loss) income attributable to common stockholders	$ (11,555)	$ 56,873	$ 34,094

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Common Stock	Redeemable Preferred Stock	Preferred Stock	Preferred StockRedeemable Preferred Stock	Common Stock	Common StockCommon Stock	Additional Paid-in Capital	Additional Paid-in CapitalCommon Stock	Additional Paid-in CapitalRedeemable Preferred Stock	Accumulated Other Comprehensive Income	Accumulated Deficit	Total Stockholders' Equity	Total Stockholders' EquityCommon Stock	Total Stockholders' EquityRedeemable Preferred Stock	Non-controlling interest
Beginning balance (in shares) at Dec. 31, 2015				0		56,312,211
Beginning balance at Dec. 31, 2015	$ 1,220,119			$ 0		$ 1,692		$ 1,480,162			$ (3,649)	$ (272,812)	$ 1,205,393			$ 14,726
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock, net (in shares)							9,561,388
Issuance of stock, net		$ 220,868					$ 287		$ 220,581					$ 220,868
Related party fees acquired in Merger (in shares)						(50,200)
Related party fees acquired in Merger	(1,160)					$ (2)		(1,158)					(1,160)
Conversion of OP Units to common stock (in shares)						421,383
Conversion of OP Units to common stock	0					$ 13		9,264					9,277			(9,277)
Dividends declared	(120,386)											(120,386)	(120,386)
Equity based compensation (in shares)						13,777
Equity-based compensation	3,748							386					386			3,362
Distributions to non-controlling interest holders	(1,633)															(1,633)
Net income	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	0							(694)					(694)			694
Ending balance (in shares) at Dec. 31, 2016				0		66,258,559
Ending balance at Dec. 31, 2016	1,355,981			$ 0		$ 1,990		1,708,541			(16,695)	(346,058)	1,347,778			8,203
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock, net (in shares)					5,409,650		820,988
Issuance of stock, net		18,295	$ 130,051		$ 54		$ 8		18,287	$ 129,997				18,295	$ 130,051
Conversion of OP Units to common stock (in shares)						181,841
Conversion of OP Units to common stock	0					$ 5		2,624					2,629			(2,629)
Common dividends declared	(142,427)											(142,427)	(142,427)
Preferred dividends declared	(2,834)											(2,834)	(2,834)
Equity based compensation (in shares)						25,843
Equity-based compensation	(3,787)							662					662			(4,449)
Distributions to non-controlling interest holders	(739)											(642)	(642)			(97)
Net income	23,586											23,565	23,565			21
Cumulative translation adjustment	27,954										27,956		27,956			(2)
Designated derivatives, fair value adjustments	8,163										8,186		8,186			(23)
Rebalancing of ownership percentage	0							(53)					(53)			53
Ending balance (in shares) at Dec. 31, 2017				5,409,650		67,287,231
Ending balance at Dec. 31, 2017	1,414,243			$ 54		$ 2,003		1,860,058			19,447	(468,396)	1,413,166			1,077
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock, net (in shares)					7,240		8,793,394
Issuance of stock, net		$ 171,770	$ (227)				$ 88		$ 171,682	$ (227)				$ 171,770	$ (227)
Common dividends declared	(147,549)											(147,549)	(147,549)
Preferred dividends declared	(9,815)											(9,815)	(9,815)
Equity-based compensation	2,649							468					468			2,181
Distributions to non-controlling interest holders	(585)											(585)	(585)			0
Net income	10,897											10,897	10,897			0
Cumulative translation adjustment	(17,555)										(17,555)		(17,555)			0
Designated derivatives, fair value adjustments	4,918										4,918		4,918			0
Ending balance (in shares) at Dec. 31, 2018				5,416,890		76,080,625
Ending balance at Dec. 31, 2018	$ 1,428,746			$ 54		$ 2,091		$ 2,031,981			$ 6,810	$ (615,448)	$ 1,425,488			$ 3,258

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities:
Net income		$ 10,897	$ 23,586	$ 47,577
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation		64,849	59,385	50,333
Amortization of intangibles		54,733	53,663	44,122
Amortization of deferred financing costs		5,193	4,420	6,698
Amortization of below-market lease liabilities		(3,463)	(3,364)	(2,559)
Amortization of above-market lease assets		4,614	4,346	2,335
Amortization of above- and below- market ground lease assets		979	948	183
Bad debt expense		835	1,185	236
Unbilled straight-line rent		(6,310)	(10,537)	(10,613)
Equity based compensation		2,649	(3,787)	3,748
Unrealized (gains) losses on foreign currency transactions, derivatives, and other		(7,127)	10,182	(1,072)
Unrealized losses (gains) on undesignated foreign currency advances and other hedge ineffectiveness		434	3,679	(10,109)
Payments for settlement of derivatives		(1,926)	(1,547)	0
Loss on extinguishment of debt		3,897	0	0
Loss (gain) on dispositions of real estate investments		5,751	(1,089)	(13,341)
Impairment charges		5,000	0	0
Changes in operating assets and liabilities, net:
Prepaid expenses and other assets		(463)	(6,225)	(1,151)
Deferred tax assets		(2,264)	549	1,342
Accounts payable and accrued expenses		8,263	(593)	(3,010)
Prepaid rent		(2,312)	106	(3,063)
Deferred tax liability		(634)	1,804	978
Taxes payable		(247)	(6,584)	2,197
Net cash used in operating activities		144,597	130,954	114,394
Cash flows from investing activities:
Investment in real estate and real estate related assets		(479,648)	(98,777)	0
Capital expenditures		(1,454)	(3,118)	(200)
Proceeds from dispositions of real estate investments		23,717	12,292	107,789
(Payments for) proceeds from settlement of derivatives		(561)
(Payments for) proceeds from settlement of derivatives			10,625	0
Cash acquired in merger transaction		0	0	18,983
Restricted cash acquired in merger transaction		0	0	7,575
Net cash (used in) provided by investing activities		(457,946)	(78,978)	134,147
Cash flows from financing activities:
Borrowings under revolving credit facilities		247,000	647,353	62,682
Repayments on revolving credit facilities		(177,375)	(1,006,949)	(113,868)
Repayment of mezzanine facility		0	(56,537)	(51,803)
Proceeds from mortgage notes payable		494,689	187,000	0
Payments on mortgage notes payable		(313,225)	(21,918)	(13,377)
Payments on early extinguishment of debt charges		(2,398)	0	0
Proceeds from issuance of common stock, net		171,770	18,295	0
Proceeds from issuance of preferred stock, net		(227)	130,434	0
Proceeds from term loan		60,400	225,000	0
Payments of financing costs		(10,601)	(14,612)	(126)
Dividends paid on common stock		(147,444)	(142,739)	(120,386)
Dividends paid on preferred stock		(9,812)	(383)	0
Distributions to non-controlling interest holders		(585)	(739)	(2,008)
Payments received on related party notes receivable acquired in Merger		0	5,138	0
Advances from related parties, net		0	0	2,186
Net cash provided by (used in) financing activities		312,192	(30,657)	(236,700)
Net change in cash, cash equivalents and restricted cash		(1,157)	21,319	11,841
Effect of exchange rate changes on cash		(2,877)	9,080	(7,770)
Cash, cash equivalents, and restricted cash at beginning of period		107,727	77,328	73,257
Cash, cash equivalents and restricted cash at end of period		103,693	107,727	77,328
Supplemental Disclosures:
Cash paid for interest		49,113	43,555	36,195
Cash paid for income taxes		4,350	9,437	3,778
Non-Cash Investing and Financing Activities:
Conversion of OP Units to common stock	[1]	0	2,629	9,277
Related party fees acquired in Merger (Note 3)	[1]	0	0	(1,054)
Mortgage Notes Payable
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Amortization of discounts and premium		1,249	810	(446)
Mortgage notes payable | Mezzanine Loan Facility
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Amortization of discounts and premium		$ 0	$ 17	$ 9
[1]	Excludes non-cash activity in connection with the Merger transaction (see Note 3 — Merger Transaction).

Organization

Organization	12 Months Ended
	Dec. 31, 2018
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 to be taxed as a real estate investment trust ("REIT") for United States ("U.S.") federal income tax purposes beginning with the taxable year ended December 31, 2013. On June 30, 2014 , the Company completed its initial public offering, and 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 invests in commercial properties, with an emphasis on sale-leaseback transactions involving single tenant net-leased commercial properties. Substantially all of the Company's business is conducted through the Global Net Lease Operating Partnership, L.P. (the "OP"), a Delaware limited partnership. The Company has retained Global Net Lease Advisors, LLC (the "Advisor") to manage the Company's affairs on a day-to-day basis. The Company's properties are managed and leased to third parties by Global Net Lease Properties, LLC (the "Property Manager"). The Advisor and the Property Manager are under common control with AR Global Investments, LLC (the successor business to AR Capital LLC, "AR Global"), and these related parties receive compensation and fees for various services provided to the Company. As of December 31, 2018 , the Company owned 342 properties (all references to number of properties and square footage are unaudited) consisting of 27.5 million rentable square feet, which were 99.2% leased, with a weighted average remaining lease term of 8.3 years. Based on the percentage of annualized rental income on a straight-line basis as of December 31, 2018 , 55.7% of the Company's properties are located in the U.S. and 44.3% in Europe. The Company may also originate or acquire first mortgage loans, preferred equity or securitized loans (secured by real estate). As of December 31, 2018 , the Company did not own any first mortgage loans, mezzanine loans, mezzanine loans, preferred equity or securitized loans. Following the termination of Moor Park Capital Partners LLP (the "Former Service Provider"), effective as of March 17, 2018, the Advisor, together with its service providers, assumed full management responsibility of the Company’s European real estate portfolio. Prior to the termination of the Former Service Provider, the Former Service Provider provided, subject to the Advisor's oversight and pursuant to a service provider agreement (the “Service Provider Agreement”), 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. Since the termination of the Former Service Provider, the Advisor has built a European-focused management team and engaged third-party service providers to assume certain duties previously performed by the Former Service Provider. See Note 10 — Commitments and Contingencies for further details. For additional information on transactions between related parties, see Note 11 — Related Party Transactions . Merger Transaction 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. 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. For additional information on the Merger Transaction, see Note 3 — Merger Transaction .

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2018
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 intercompany 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. 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 multi-year outperformance agreements entered into with the Advisor in 2015 (the “2015 OPP”) and 2018 (the "2018 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 agreement and are 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, 2018 and 2017 , the Company's cumulative straight-line rents receivable in the consolidated balance sheets was $47.2 million and $42.7 million , respectively. For the years ended December 31, 2018 , 2017 and 2016 , the Company’s rental revenue included impacts of unbilled rental revenue of $6.3 million , $10.5 million and $10.6 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 an 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 both a business combination and an asset acquisition, the Company allocates the purchase price of acquired properties to tangible and identifiable intangible assets or liabilities 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 (in a business combination) 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. In a business combination, the difference between the purchase price and the fair value of identifiable net assets acquired is either recorded as goodwill or as a bargain purchase gain. In an asset acquisition, the difference between the acquisition price (including capitalized transaction costs) and the fair value of identifiable net assets acquired is allocated to the non-current assets. All acquisitions during the years ended December 31, 2018 and 2017 were asset acquisitions. 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, 2018 and 2017 . 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, most significantly that the sale is probable within one year. The Company evaluates probability of sale based on specific facts including whether a sales agreement is in place and the buyer has made significant non-refundable deposits. Properties are no longer depreciated when they are classified as held for sale. As of December 31, 2018 , we had three properties classified as held for sale (see Note 4 — Real Estate Investments, Net for additional information). As of December 31, 2017 , 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. Gain on Dispositions of Real Estate Investments Gains on sales of rental real estate after January 1, 2018 are not considered sales to customers and will generally recognized pursuant to the provisions included in ASC 610-20, Gains and Losses from the Derecognition of Nonfinancial Assets (“ASC 610-20”). Gain on sales of real estate prior to January 1, 2018 are recognized pursuant to the provisions included in ASC 360-20, Real Estate Sales (“ASC 360-20”). The specific timing of a sale was measured against various criteria in and ASC 360-20 related to the terms of the transaction and any continuing involvement in the form of management or financial assistance associated with the properties. If the sales criteria for the full accrual method are not met, depending on the circumstances, the Company may not record a sale or it may record a sale but may defer some or all of the gain recognition. If the criteria for full accrual are not met, the Company may account for the transaction by applying the finance, leasing, profit sharing, deposit, installment or cost recovery methods, as appropriate, until the sales criteria for the full accrual method are met. 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. 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. 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, 2018 . 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 $100.3 million at December 31, 2018 , of which $14.3 million , $35.4 million and $41.8 million are currently in excess of amounts insured by the FDIC, FSCS and European equivalent deposit insurance companies including DDGS, respectively. At December 31, 2017 , the Company had deposits in the U.S., United Kingdom, Luxembourg, Germany, Finland and The Netherlands totaling $102.4 million , of which $48.8 million , $18.5 million and $25.8 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 $3.4 million and $5.3 million as of December 31, 2018 and 2017 , respectively. Deferred Financing Costs, Net Deferred financing costs, net are costs associated with the Revolving Credit Facility (as defined in Note 6 — Credit Facilities ) and 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 paid down 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. 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 (or for derivatives that do not qualify as hedges), 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 a derivative is designated and qualifies for 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 change in derivative fair value is immediately recorded 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 ). Multi-Year Outperformance Agreements Concurrent with the Listing and modifications to the Fourth Amended and Restated Advisory Agreement (the "Advisory Agreement") by and among the Company, the OP and the Advisor, the Company entered into the 2015 OPP with the Advisor. Also, in July 2018, the Company entered into the 2018 OPP, a new multi-year outperformance agreement with the Advisor (see Note 13 — Share-Based Compensation). Under the 2015 OPP, which expired on June 2, 2018, we recorded equity-based compensation expense associated with the awards over the requisite service period on a graded basis. Under the 2018 OPP, effective June 2, 2018, we record equity-based compensation evenly over the requisite service period of approximately 2.8 years from the grant date. The equity-based compensation expense is adjusted each reporting period for changes in the estimated market-related performance. Under new accounting guidance adopted by the Company on January 1, 2019 total equity-based compensation expense calculated as of adoption of the new guidance will be fixed as of that date and will not be remeasured in subsequent periods. For additional information see Recently Issued Accounting Pronouncements section below. Income Taxes The Company elected 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 and believes it has so qualified. 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 U.S. federal corporate income tax to the extent it distributes annually all of its REIT taxable income. 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. and Puerto Rico, the United Kingdom and Western Europe and, as a result, the Company or one of its subsidiaries file income tax returns in the U.S. federal jurisdiction and various states and certain foreign jurisdictions. As a result, the Company may be subject to certain federal, state, local and foreign taxes on its 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, the Company's international assets and operations, including those owned through direct or indirect subsidiaries that are disregarded entities for U.S. federal income tax purposes, 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 to be taxed as a REIT commencing with the taxable year ended December 31, 2013, it does 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 taxable income from its real estate operations in the U.S. and has historically distributed all of its REIT taxable income to its shareholders. 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, 2018 , 2017 and 2016 was $2.4 million , $2.1 million , and $2.5 million , respectively. The Company’s deferred income tax provision (benefit) for the years ended December 31, 2018 , 2017 , and 2016 was $3.3 million , $1.0 million , and $1.9 million , respectively. Deferred tax assets are net of a valuation allowance in the amounts of $3.0 million and $7.2 million as of December 31, 2018 and 2017 , 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, 2018 , 2017 and 2016 the Company recognized an income tax expense of $2.4 million , $3.1 million and $4.4 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 ("AOCI") 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 units in respect of shares of Common Stock ("RSUs"), long term incentive plan units of limited partner interest in the OP ("LTIP Units") and ordinary units of limited partner interest in the OP ("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

Merger Transaction

Merger Transaction	12 Months Ended
	Dec. 31, 2018
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 (such consideration, the “Stock Merger Consideration”), and each outstanding unit of limited partnership interest and Class B units of limited partnership interest of Global II's OP ("Global II Class B Units" and, together with the outstanding ordinary units of limited partnership interest of Global II's OP, “Global II OP Units”) was converted into the right to receive 2.27 shares of Company Common Stock (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 shares of Global II Common Stock became fully vested and entitled to receive the Merger Consideration. The Company issued 9.6 million shares of Common Stock as consideration in the Merger. Based upon the closing price of the shares of Common Stock of $23.10 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 Global II 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 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 the Company as the accounting acquirer of Global II. The consideration to be transferred by the Company 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 exceeded fair value of net assets acquired, any such excess represented 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 holders of Common Stock. 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 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 70,176 Buildings, fixtures and improvements 384,428 Acquired intangible lease assets 111,097 Total real estate investments, at fair value 565,701 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 368 Goodwill and other intangible assets, net 18,204 Total Assets Acquired at Fair Value 621,574 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 8,510 Derivatives, at fair value 3,911 Accounts payable and accrued expenses 7,212 Prepaid rent 6,001 Deferred tax liability 9,063 Taxes payable 1,661 Dividend payable 2 Total Liabilities Assumed at Fair Value 419,689 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. 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 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 Common 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. As of December 31, 2017, the Company had received the full amount of $5.1 million in payments with respect to the excess organization and offering costs incurred by Global II.

Real Estate Investments, Net

Real Estate Investments, Net	12 Months Ended
	Dec. 31, 2018
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 year ended December 31, 2018 and 2017 based on the applicable exchange rate at the time of purchase. Year Ended December 31, (Dollar amounts in thousands) 2018 2017 Real estate investments, at cost: Land $ 34,291 $ 18,410 Buildings, fixtures and improvements 384,603 66,704 Total tangible assets 418,894 85,114 Acquired intangible lease assets: In-place leases 70,414 15,365 Above-market lease assets 48 235 Below-market lease liabilities (9,708 ) (1,937 ) Cash paid for acquired real estate investments $ 479,648 $ 98,777 Number of properties purchased 23 12 Acquired Intangible Lease Assets We allocate a portion of the fair value of real estate acquired to identified intangible assets and liabilities, consisting of the value of origination costs (tenant improvements, leasing commissions, and legal and marketing costs), the value of above-market and below-market leases, and the value of tenant relationships, if applicable, based in each case on their relative fair values. The Company periodically assesses whether there are any indicators that the value of the intangible assets may be impaired by performing a net present value analysis of future cash flows, discounted for the inherent risk associated with each investment. During the year ended December 31, 2018, we wrote off certain lease intangibles related to terminated leases (see the "Impairment Charges and Related Lease Intangible Write-offs" section below). We did not record any impairment charges for the intangible assets associated with our real estate investments during the years ended December 31, 2017 and 2016. Dispositions When the Company sells a property, any gains or losses from the sale are reflected within (Loss) gain on dispositions of real estate investments in the consolidated statements of operations. During the year ended December 31, 2018 the Company sold two properties for a total contract sales price of $25.3 million . At closing, the Company paid approximately $1.7 million , net, in excess of proceeds received from the sales for the repayment of mortgage debt and a recorded a loss of $5.8 million , net. Prior to the sale of one of the properties, the Company agreed to terminate the lease with the existing tenant and received a termination fee of $3.0 million in accordance with the terms of the lease. This amount is recorded in Rental income in the consolidated statements of operations for the year ended December 31, 2018 . During the year ended December 31, 2017, the Company sold its property located in Fort Washington, Pennsylvania for net proceeds of $12.3 million , resulting in a net gain of $1.1 million , comprised of a $0.4 million gain on sale and a reduction of approximately $0.8 million in the Gain Fee payable to the Advisor (see Note 11 — Related Party Transactions for details). During the year ended December 31, 2016, the Company sold 34 properties for net proceeds of $107.8 million , resulting in a net gain of $13.3 million , comprised of a $14.3 million gain on sale and the recording of a Gain Fee payable to the Advisor of approximately $1.0 million (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 in 2018: Western Digital California June 8, 2018 1 286,330 Veolia Water Ohio July 31, 2018 1 70,000 2 356,330 Properties Sold in 2017: Kulicke & Soffa Pennsylvania February 17, 2017 1 88,000 Properties Sold in 2016: 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 Various (1) 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 34 851,154 ___________________________________________ (1) Consists of properties sold in Pennsylvania, Ohio and Oklahoma. Impairment Charges and Related Lease Intangible Write-offs During the year ended December 31, 2018 , certain related entity tenants in six of the Company's properties affiliated by a common guarantor were in financial difficulties. As part of negotiations, the Company terminated the leases for the tenants of four of the properties, while the tenants of the remaining two properties continue to operate under their existing lease terms. Of these four properties with lease terminations, two were re-leased to other tenants and two are in the process of being sold. Based on expected future cash flows, the Company concluded that the carrying amount was in excess of the estimated fair value of one of the properties being sold, resulting in an impairment charge of $1.6 million . Due to the four lease terminations, the Company wrote-off related lease intangibles of $3.4 million associated with the original tenants. Assets Held for Sale When assets are identified by management as held for sale, the Company stops recognizing depreciation and amortization expense on the identified assets and estimates the sales price, net of costs to sell, of those assets. If the carrying amount of the assets classified as held for sale exceeds the estimated net sales price, the Company records an impairment charge equal to the amount by which the carrying amount of the assets exceeds the Company’s estimate of the net sales price of the assets. As of December 31, 2018 , the Company had three properties classified as held for sale. As of December 31, 2017 , the Company did not have any properties that were classified as assets held for sale. During the year ended December 31, 2018 , these three properties were the only properties classified as held for sale. Accordingly, the operating results of these properties remain classified within continuing operations for all periods presented. The following table details the major classes of assets associated with the properties that have been reclassified as held for sale as of December 31, 2018 . There were no assets classified as held for sale as of December 31, 2017 . (Dollar amounts in thousands) December 31, 2018 Real estate investments held for sale, at cost: Land $ 19,250 Buildings, fixtures and improvements 104,221 Total real estate assets held for sale, at cost 123,471 Less accumulated depreciation and amortization (10,569 ) Total real estate investments held for sale, net $ 112,902 Intangible Lease Assets and Lease Liabilities Acquired intangible lease assets and lease liabilities consist of the following: December 31, 2018 December 31, 2017 (In thousands) Gross Carrying Amount Accumulated Amortization Net Carrying amount Gross Carrying Amount Accumulated Amortization Net Carrying amount Intangible assets: In-place leases $ 602,631 $ 201,344 $ 401,287 $ 552,458 $ 153,846 $ 398,612 Above-market leases 41,049 14,020 27,029 43,838 10,203 33,635 Below-market ground leases 31,871 2,384 29,487 33,330 1,427 31,903 Total acquired intangible lease assets $ 675,551 $ 217,748 $ 457,803 $ 629,626 $ 165,476 $ 464,150 Intangible liabilities: Below-market leases $ 43,708 $ 9,857 $ 33,851 $ 37,406 $ 8,079 $ 29,327 Above-market ground lease 2,108 202 1,906 2,207 146 2,061 Total acquired intangible lease liabilities $ 45,816 $ 10,059 $ 35,757 $ 39,613 $ 8,225 $ 31,388 Projected Amortization for intangible lease assets and liabilities The following table provides the weighted-average amortization periods as of December 31, 2018 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 2019 2020 2021 2022 2023 In-place leases 7.6 $ 56,892 $ 56,791 $ 56,236 $ 52,754 $ 45,564 Total to be included as an increase to depreciation and amortization $ 56,892 $ 56,791 $ 56,236 $ 52,754 $ 45,564 Above-market lease assets 6.5 $ 4,398 $ 4,398 $ 4,398 $ 4,363 $ 4,187 Below-market lease liabilities 9.4 (4,050 ) (4,050 ) (4,050 ) (3,956 ) (3,931 ) Total to be included as a decrease to rental income $ 348 $ 348 $ 348 $ 407 $ 256 Below-market ground lease assets 30.8 $ 1,010 $ 1,010 $ 1,010 $ 1,010 $ 1,010 Above-market ground lease liabilities 30.7 (62 ) (62 ) (62 ) (62 ) (62 ) Total to be included as an increase to property operating expense $ 948 $ 948 $ 948 $ 948 $ 948 Future Minimum Rents The following presents future minimum base rental cash payments due to the Company over the next five calendar years and thereafter as of December 31, 2018 . These amounts exclude contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes among other items. (In thousands) Future Minimum (1) 2019 $ 275,118 2020 278,651 2021 279,630 2022 270,569 2023 247,237 Thereafter 856,838 Total $ 2,208,043 ___________________________________________ (1) Assumes exchange rates of £1.00 to $1.27 for GBP and €1.00 to $1.14 for EUR as of December 31, 2018 for illustrative purposes, as applicable. 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, 2018 , 2017 and 2016 . 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, 2018 , 2017 and 2016 . December 31, Country / U.S. State 2018 2017 2016 United States 55.7% 48.9% 51.0% Michigan 13.7% * * United Kingdom 19.0% 22.1% 21.9%

Mortgage Notes Payable, Net

Mortgage Notes Payable, Net	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Mortgage Notes Payable, Net	Mortgage Notes Payable, Net Mortgage notes payable as of December 31, 2018 and 2017 consisted of the following: Encumbered Properties Outstanding Loan Amount (1) Effective Interest Rate Interest Rate Country Portfolio December 31, 2018 December 31, 2017 Maturity (In thousands) (In thousands) Finland: Finnair (8) 4 $ 32,501 $ 34,022 2.2% (2) Fixed Sep. 2020 Tokmanni (8) 1 33,159 34,711 2.4% (2) Fixed Oct. 2020 France: Auchan 1 9,498 9,943 1.7% (2) Fixed Dec. 2019 Pole Emploi 1 6,637 6,948 1.7% (2) Fixed Dec. 2019 Sagemcom 1 41,083 43,006 1.7% (2) Fixed Dec. 2019 Worldline 1 5,722 5,990 1.9% (2) Fixed Jul. 2020 DCNS 1 10,872 11,381 1.5% (2) Fixed Dec. 2020 ID Logistics II 2 12,016 12,578 1.3% Fixed Jun. 2021 Germany Rheinmetall (9) 1 12,130 12,698 2.6% (2) Fixed Jan. 2019 OBI DIY (9) 1 5,150 5,391 2.4% Fixed Jan. 2019 RWE AG 3 71,524 74,872 1.6% (2) Fixed Oct. 2019 Rexam 1 5,876 6,301 1.8% (2) Fixed Oct. 2019 Metro Tonic 1 30,326 31,746 1.7% (2) Fixed Dec. 2019 ID Logistics I 1 4,578 4,792 1.0% Fixed Oct. 2021 Luxembourg: DB Luxembourg 1 41,198 43,126 1.4% (2) Fixed May 2020 The Netherlands: ING Amsterdam 1 50,353 52,710 1.7% (2) Fixed Jun. 2020 Total EUR denominated 22 372,623 390,215 United Kingdom: McDonald's — — 1,025 —% — — Wickes Building Supplies I — — 2,226 —% — — Everything Everywhere — — 5,397 —% — — Thames Water — — 8,096 —% — — Wickes Building Supplies II — — 2,626 —% — — Northern Rock — — 7,084 —% — — Wickes Building Supplies III — — 2,564 —% — — Provident Financial — — 17,203 —% — — Crown Crest — — 25,973 —% — — Aviva — — 21,183 —% — — Bradford & Bingley — — 10,200 —% — — Intier Automotive Interiors — — 6,375 —% — — Capgemini — — 6,381 —% — — Fujitsu — — 33,435 —% — — Amcor Packaging — — 4,218 —% — — Fife Council — — 2,474 —% — — Malthrust — — 4,318 —% — — Talk Talk — — 5,161 —% — — HBOS — — 7,272 —% — — DFS Trading — — 13,680 —% — — DFS Trading — — 3,203 —% — — HP Enterprise Services — — 12,531 —% — — Foster Wheeler — — 53,026 —% — — Harper Collins — — 37,880 —% — — NCR Dundee — — 7,610 —% — — UK Multi-Property Cross Collateralized Loan 43 292,890 — 3.2% (3) Fixed Aug. 2023 Total GBP denominated 43 292,890 301,141 United States: Quest Diagnostics 1 52,800 52,800 4.4% (4) Variable Sep. 2019 Western Digital — — 17,363 —% (5) — — AT&T Services 1 33,550 33,550 2.0% (6) Variable Dec. 2020 FedEx Freight — — 6,165 —% — — Veolia Water — — 4,110 —% — — Penske Logistics 1 70,000 — 4.7% Fixed Nov. 2028 U.S. Multi-Tenant Mortgage Loan I 12 187,000 187,000 4.4% Fixed Nov. 2027 U.S Multi-Tenant Mortgage Loan II 8 32,750 — 4.4% Fixed Feb. 2028 U.S. Multi-Tenant Mortgage Loan III 7 98,500 — 4.9% Fixed Dec. 2028 Total USD denominated 30 474,600 300,988 Gross mortgage notes payable 95 1,140,113 992,344 3.2% Mortgage discount (569 ) (1,927 ) — Deferred financing costs, net of accumulated amortization (7) (9,737 ) (5,541 ) — Mortgage notes payable, net of deferred financing costs 95 $ 1,129,807 $ 984,876 3.2% _________________________ (1) Amounts borrowed in local currency and translated at the spot rate in effect at the applicable reporting date. (2) Fixed as a result of an interest rate swap agreement. (3) 80% fixed as a result of an interest rate swap agreement and 20% variable. Variable portion is approximately 2.0% plus 3-month GBP LIBOR. LIBOR rate in effect is as of December 31, 2018 . (4) The interest rate is 2.0% plus 1-month LIBOR. LIBOR rate in effect is as of December 31, 2018 . (5) The debt prepayment costs associated with the sale of Western Digital were $1.3 million. (6) The interest rate is 2.0% plus 1- month Adjusted LIBOR as defined in the mortgage agreement. LIBOR rate in effect is as of December 31, 2018 . (7) 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 paid down 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. (8) The Company's two outstanding mortgage loans encumbering all five properties the Company owns in Finland were refinanced in February 2019. See Note 16 — Subsequent Events for additional information. (9) These loans were repaid in full upon their maturity in January 2019. 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, 2018 : (In thousands) Future Principal Payments (1) 2019 $ 235,026 2020 209,873 2021 28,929 2022 19,102 2023 258,933 Thereafter 388,250 Total $ 1,140,113 _________________________ (1) Assumes exchange rates of £1.00 to $1.27 for GBP and €1.00 to $1.14 for EUR as of December 31, 2018 for illustrative purposes, as applicable. The Company's mortgage notes payable agreements require compliance with certain property-level financial covenants including debt service coverage ratios. As of December 31, 2018 , the Company was in compliance with all financial covenants under its mortgage notes payable agreements. As of December 31, 2017, the Company was in breach of a loan-to-vacant possession financial covenant on one mortgage note payable agreement, which had an outstanding principal balance of $37.9 million ( £28.1 million ) as of December 31, 2017. During the fourth quarter of 2017, the Company repaid £0.8 million and in January 2018 the Company repaid €0.1 million of principal on two separate mortgage note payable agreements in order to cure loan to value financial covenant breaches which did not result in events of default. The Company was in compliance with the remaining covenants under its mortgage notes payable agreements as of December 31, 2017. The total gross carrying value of unencumbered assets as of December 31, 2018 is $1.3 billion , of which approximately $1.2 billion of this amount was included in the unencumbered asset pool comprising the borrowing base under the Revolving Credit Facility (as defined in Note 6 — Credit Facilities ) and therefore is not available to serve as collateral for future borrowings. U.K. Multi-Property Loan On August 13, 2018, the Company entered into a multi-tenant mortgage loan, yielding gross proceeds of £230.0 million and bearing interest at a rate of approximately 2.0% plus 3-month GBP LIBOR, maturing in August 2023. With respect to the interest, 80% of the principal amount is fixed by a swap agreement, while the remaining 20.0% of the principal remains variable. The loan is interest-only for the first two years, followed by scheduled principal amortization of £37.9 million in the final three years of the loan, with the remaining principal balance due on maturity. The loan is secured by all 43 of the Company's properties located in the United Kingdom. At closing, £209.0 million of the net proceeds were used to repay all outstanding mortgage indebtedness encumbering 38 of the 43 properties. The other five properties were unencumbered prior to the loan. Penske Logistics On November 14, 2018, we entered into a mortgage loan, yielding gross proceeds of approximately $70.0 million with a fixed rate of 4.6% and a 10 -year maturity. Proceeds were used to fund a portion of the $126.6 million purchase price to acquire a cold storage facility located in Romulus, Michigan. The borrower's (a wholly owned subsidiary of ours) financial statements are included within the Company’s consolidated financial statements, however, the borrowers’ assets and credit are only available to pay the debts of the borrowers and their liabilities constitute obligations of the borrowers. U.S. Multi-Tenant Mortgage Loan I On October 27, 2017, 12 wholly owned subsidiaries of the OP closed on a loan agreement with Column Financial, Inc. and Citi Real Estate Funding Inc. The Company received gross proceeds of $187.0 million with a fixed interest rate of 4.4% and a maturity date of November 2027. This multi-tenant mortgage loan is interest-only with the principal balance due on maturity, and it is secured by 12 single tenant net leased office and industrial properties in nine states totaling approximately 2.6 million square feet. The borrowers’ (wholly owned subsidiaries of ours) financial statements are included within the Company’s consolidated financial statements, however, the borrowers’ assets and credit are only available to pay the debts of the borrowers and their liabilities constitute obligations of the borrowers. At the closing of this multi-tenant mortgage loan, the net proceeds after accrued interest and closing costs (including $2.2 million in expenses related to the mortgaged properties) were used to repay approximately $120.0 million of indebtedness that was outstanding under the Revolving Credit Facility, while the remaining balance was used by the Company for general corporate purposes, including acquisitions. U.S. Multi-Tenant Mortgage Loan II On January 26, 2018, the Company entered into a multi-tenant mortgage loan, yielding gross proceeds of $32.8 million with a fixed interest rate of 4.3% and a 10 -year maturity in February 2028. This multi-tenant mortgage loan is interest-only with a principal balance due on maturity, and it is secured by eight properties in six states, totaling approximately 627,500 square feet. Proceeds were used to pay down approximately $30.0 million of outstanding indebtedness under the Revolving Credit Facility and for general corporate purposes and acquisitions. U.S. Multi-Tenant Mortgage Loan III On November 9, 2018, the Company entered into a multi-tenant mortgage loan, yielding gross proceeds of $98.5 million with a fixed interest rate of 4.9% and 10 -year maturity in December 2028. This multi-tenant mortgage loan is interest-only with a principal balance due on maturity, and it is secured by seven properties in six states, totaling approximately 651,313 square feet. Proceeds were used to pay down $90.0 million of outstanding indebtedness under the Revolving Credit Facility.

Credit Facilities

Credit Facilities	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Credit Facilities	Credit Facilities The table below details the outstanding balances as of December 31, 2018 and December 31, 2017 under the credit agreement with KeyBank National Association (“KeyBank”), as agent, and the other lender parties thereto, which provides for a $632.0 million senior unsecured multi-currency revolving credit facility (the “Revolving Credit Facility”) and a €246.5 million ( $282.1 million U.S. Dollar ("USD") based on the prevailing exchange rate as of December 31, 2018 ) senior unsecured term loan facility (the “Term Loan” and, together with the Revolving Credit Facility, the “Credit Facility”). December 31, 2018 December 31, 2017 (In thousands) TOTAL USD (1) USD GBP EUR TOTAL USD (2) USD GBP EUR Revolving Credit Facility $ 363,894 $ 278,625 £ 40,000 € 30,000 $ 298,909 $ 209,000 £ 40,000 € 30,000 Term Loan 282,069 — — 246,481 233,165 — — 194,637 Deferred financing costs (3,342 ) — — — (3,260 ) — — — Term Loan, Net 278,727 — — 246,481 229,905 — — 194,637 Total Credit Facility $ 642,621 $ 278,625 £ 40,000 € 276,481 $ 528,814 $ 209,000 £ 40,000 € 224,637 (1) Assumes exchange rates of £1.00 to $1.27 for GBP and €1.00 to $1.14 for EUR as of December 31, 2018 for illustrative purposes, as applicable. (2) Assumes exchange rates of £1.00 to $1.35 for GBP and €1.00 to $1.20 for EUR as of December 31, 2017 for illustrative purposes, as applicable. Credit Facility - Terms On July 24, 2017 , the Company, through the OP, entered into a credit agreement with KeyBank. Based on USD equivalents at closing, the aggregate total commitments under the Credit Facility were $725.0 million . On July 2, 2018, upon the Company's request, the lenders under the Credit Facility increased the aggregate total commitments from $722.2 million to $914.4 million , based on the prevailing exchange rate on that date, with approximately $132.0 million of the increase allocated to the Revolving Credit Facility and approximately €51.8 million ( $60.2 million based on the prevailing exchange rate on that date) allocated to the Term Loan. The Company used all the proceeds from the increased borrowings under the Term Loan to repay amounts outstanding under the Revolving Credit Facility. Upon the Company's request, subject in all respects to the consent of the lenders in their sole discretion, the aggregate total commitments under the Credit Facility may be increased up to an aggregate additional amount of $35.6 million , allocated to either or both portions of the Credit Facility, with total commitments under the Credit Facility not to exceed $950.0 million . The Credit Facility consists of two components, a Revolving Credit Facility and a Term Loan. The Revolving Credit Facility is interest-only and matures on July 24, 2021 , subject to one one -year extension at the Company’s option. The Term Loan portion of the Credit Agreement is interest-only and matures on July 24, 2022 . Borrowings under the Credit Facility bear interest at a variable rate per annum based on an applicable margin that varies based on the ratio of consolidated total indebtedness and the consolidated total asset value of the Company and its subsidiaries plus either (i) LIBOR, as applicable to the currency being borrowed, or (ii) a “base rate” equal to the greatest of (a) KeyBank’s “prime rate,” (b) 0.5% above the Federal Funds Effective Rate or (c) 1.0% above one-month LIBOR. The range of applicable interest rate margins is from 0.60% to 1.20% per annum with respect to base rate borrowings and 1.60% to 2.20% per annum with respect to LIBOR borrowings. As of December 31, 2018 , the Credit Facility had a weighted average effective interest rate of 2.9% after giving effect to interest rate swaps in place. The Credit Facility requires the Company through the OP to pay an unused fee per annum of 0.25% of the unused balance of the Revolving Credit Facility if the unused balance exceeds or is equal to 50% of the total commitment or a fee per annum of 0.15% of the unused balance of the Revolving Credit Facility if the unused balance is less than 50% of the total commitment. From and after the time the Company obtains an investment grade credit rating, the unused fee will be replaced with a facility fee based on the total commitment under the Revolving Credit Facility multiplied by 0.30% , decreasing as the Company’s credit rating increases. The availability of borrowings under the Revolving Credit Facility is based on the value of a pool of eligible unencumbered real estate assets owned by the Company and compliance with various ratios related to those assets. As of December 31, 2018 , approximately $42.2 million was available for future borrowings under the Revolving Credit Facility. Any future borrowings may, at the option of the Company, be denominated in USD, EUR, Canadian Dollars, British Pounds Sterling ("GBP") or Swiss Francs. Amounts borrowed may not, however, be converted to, or repaid in, another currency once borrowed. The Company, through the OP, may reduce the amount committed under the Revolving Credit Facility and repay outstanding borrowings under the Credit Facility, in whole or in part, at any time without premium or penalty, other than customary “breakage” costs payable on LIBOR borrowings. In the event of a default, the lender has the right to terminate its obligations under the Credit Facility agreement and to accelerate the payment on any unpaid principal amount of all outstanding loans. The Credit Facility also imposes certain affirmative and negative covenants on the OP, the Company and certain of its subsidiaries including restrictive covenants with respect to, among other things, liens, indebtedness, investments, distributions (see additional information below), mergers and asset sales, as well as financial covenants requiring the OP to maintain, among other things, ratios related to leverage, secured leverage, fixed charge coverage and unencumbered debt services, as well as a minimum consolidated tangible net worth. Under the terms of the Credit Facility, the Company may not pay distributions, including cash dividends payable with respect to Common Stock, Series A Preferred Stock, or any other classes or series of preferred stock that the Company may issue in a future offering, or redeem or otherwise repurchase shares of the Company's capital stock, Common Stock, Series A Preferred Stock, or any other classes or series of preferred stock the Company may issue in a future offering, that exceed 95% of the Company's Adjusted FFO as defined in the Credit Facility for any period of four consecutive fiscal quarters, except in limited circumstances, including that for one fiscal quarter in each calendar year, the Company may pay cash distributions, make redemptions and make repurchases in an aggregate amount equal to no more than 100% of its Adjusted FFO. The Company used the exception to pay dividends that were between 95% of Adjusted FFO to 100% of Adjusted FFO during the quarter ended on June 30, 2018. On November 19, 2018, the lenders under the Credit Facility consented to an increase in the maximum amount the Company may use to pay cash distributions, make redemptions and make repurchases from 95% of Adjusted FFO to 100% of Adjusted FFO solely for the quarter ended December 31, 2018, and, during that quarter, the Company paid dividends that were between 95% of Adjusted FFO to 100% of Adjusted FFO. There can be no assurance that the Company's lenders will consent to any additional modifications to the restrictions in the Credit Facility on the Company's ability to pay dividends necessary to maintain its compliance thereunder if the Company pays dividends that exceed 95% of Adjusted FFO in more than one fiscal quarter during 2019 or any future calendar year. In addition, if the Company is not able to generate sufficient cash from operations, including through additional cash flows the Company expects to generate from completing acquisitions, or otherwise maintain compliance with the Credit Facility, the Company may have to reduce the amount of dividends it pays or identify other sources to fund the payment of dividends at their current levels. There can be no assurance the Company will complete acquisitions on a timely basis or on acceptable terms and conditions, if at all. Alternatively, the Company could elect to pay a portion of its dividends in shares if approved by the Company's board of directors. The Company and certain of its subsidiaries have guaranteed the OP's obligations under the Credit Facility pursuant to a guarantee and a related contribution agreement which governs contribution rights of the guarantors in the event any amounts become payable under the guaranty. In connection with the Company’s replacement of its Prior Credit Facility (see definition below) with its Credit Facility, and the change in borrowings by currency resulting therefrom, the Company terminated its existing £160.3 million notional GBP-LIBOR interest rate swap and entered into a new £150.0 million notional five year USD-LIBOR interest rate swap. Additionally, the Company novated its existing £224.4 million notional Euribor interest rate swap from its existing counterparty to a new counterparty. Prior Credit Facility On July 24, 2017, the Company terminated a credit facility (as amended from time to time, the "Prior Credit Facility") and repaid the outstanding balance of $725.8 million (including €255.7 million , £160.2 million and $221.6 million ) of which $720.9 million was repaid with proceeds from the Credit Facility (as described below) and $4.9 million from cash on hand. The Prior Credit Facility, which was entered into in July 25, 2013, provided for borrowings of up to $740.0 million (subject to borrowing base availability). Under the Prior Credit Facility, the Company had the option to have draws under the Prior Credit Facility priced at either the Alternate Base Rate (as described below) plus, depending upon the Company's consolidated leverage ratio, 0.60% to 1.20% or at Adjusted LIBOR (as described below) plus, depending upon the Company's consolidated leverage ratio, 1.60% to 2.20% . The Alternate Base Rate was defined in the Prior 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 was defined as LIBOR multiplied by the statutory reserve rate, as determined by the Federal Reserve System of the United States. The Prior Credit Facility agreement required the Company to pay an unused fee per annum of 0.25% if the unused balance of the Prior Credit Facility exceeded or was equal to 50% of the available facility or a fee per annum of 0.15% if the unused balance of the Prior Credit Facility was less than 50% of the available facility. 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, CT 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. The Bridge Loan Facility required a 1.50% fee of the commitment amount upon execution. 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 and which provided for aggregate borrowings up to €128.0 million subject to certain conditions. The Mezzanine Facility bore interest at 8.25% per annum, payable quarterly, and was scheduled to mature on August 13, 2017 . On March 30, 2017, the Company terminated the Mezzanine Facility agreement and repaid in full the outstanding balance of $56.5 million (or €52.7 million ).

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2018
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, 2018 and 2017 , 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, 2018 and 2017 , 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, 2018 Foreign currency forwards, net (GBP & EUR) $ — $ 5,472 $ — $ 5,472 Interest rate swaps, net (GBP & EUR) $ — $ (628 ) $ — $ (628 ) 2018 OPP (1) $ — $ — $ (18,804 ) $ (18,804 ) December 31, 2017 Cross currency swaps, net (GBP & EUR) $ — $ (4,511 ) $ — $ (4,511 ) Foreign currency forwards, net (GBP & EUR) $ — $ (2,737 ) $ — $ (2,737 ) Interest rate swaps, net (GBP & EUR) $ — $ (6,450 ) $ — $ (6,450 ) Put options (GBP & EUR) $ — $ 63 $ — $ 63 2015 OPP (see Note 13 ) $ — $ — $ (1,600 ) $ (1,600 ) (1) Effective with the adoption of ASU 2018-07 on January 1, 2019, the 2018 OPP will no longer be measured at fair market value on a recurring basis (see Note 2 — Summary of Significant Accounting Policies — Recently Issued Accounting Pronouncements and see Note 13 — Share-Based Compensation for additional information). The valuation of the 2018 OPP and 2015 OPP were determined using a Monte Carlo simulation. This analysis reflected the contractual terms of the 2018 OPP and 2015 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 the 2018 OPP and 2015 OPP valuations in its entireties were 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, 2018 or 2017 . 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, 2018 : (In thousands) 2018 OPP 2015 OPP Beginning Value as of December 31, 2017 $ — $ 1,600 Initial value 27,600 — Fair value adjustment (8,796 ) (1,600 ) Ending Value as of December 31, 2018 $ 18,804 $ — The following table provides quantitative information about the significant Level 3 inputs used (in thousands): Financial Instrument Fair Value at December 31, 2018 Principal Valuation Technique Unobservable Inputs Input Value (In thousands) 2018 OPP $ 18,804 Monte Carlo Simulation Expected volatility 23.0% 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 instrument, parameter or market index, 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 audited consolidated balance sheets are reported below. December 31, 2018 December 31, 2017 (In thousands) Level Carrying Amount Fair Value Carrying Amount Fair Value Mortgage notes payable (1) (2) 3 $ 1,129,807 $ 1,157,710 $ 984,876 $ 963,751 Revolving Credit Facility (3) 3 $ 363,894 $ 365,591 $ 298,909 $ 297,890 Term Loan (3) (4) 3 $ 278,727 $ 283,558 $ 229,905 $ 233,916 ______________ (1) Carrying value includes $1,140.1 million gross mortgage notes payable less $0.6 million of mortgage discounts and $9.7 million of deferred financing costs as of December 31, 2018 . (2) Carrying value includes $992.3 million gross mortgage notes payable less $1.9 million of mortgage discounts and $5.5 million of deferred financing costs as of December 31, 2017 . (3) Both the Revolving Credit Facility and Term Loan are part of the Credit Facility (see Note 6 - Credit Facilities for more information). (4) Carrying value includes $282.1 million and $233.2 million gross Term Loan payable less $3.3 million and $3.3 million of deferred financing costs as of December 31, 2018 and 2017 , respectively. The fair value of the gross mortgage notes payable, the Revolving Credit Facility and the Term Loan are estimated using a discounted cash flow analysis, based on the Advisor's experience with similar types of borrowing arrangements.

Derivative and Hedging Activiti

Derivative and Hedging Activities	12 Months Ended
	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities Risk Management Objective of Using Derivatives The Company may use derivative financial instruments, including interest rate swaps, caps, options, floors and other interest rate derivative contracts, to hedge all or a portion of the interest rate risk associated with its borrowings. Certain of the Company's foreign operations expose the Company to fluctuations of foreign interest rates and exchange rates. These fluctuations may impact the value of the Company’s cash receipts and payments in terms of the Company’s functional currency. The Company enters into derivative financial instruments to help 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 any counterparty to a contractual arrangement may not able to perform under the agreement. To mitigate this risk, the Company only enters into a derivative financial instrument with a counterparty with a high credit rating with a major financial institution which the Company and its affiliates may also have other financial relationships with. The Company does not anticipate that any such counterparty will fail to meet its obligations. The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the audited consolidated balance sheets as of December 31, 2018 and 2017 : December 31, (In thousands) Balance Sheet Location 2018 2017 Derivatives designated as hedging instruments: Foreign currency forwards (EUR-USD) Derivative liabilities, at fair value $ — $ (304 ) Cross currency swaps (EUR) Derivative liabilities, at fair value — (3,328 ) Cross currency swaps (GBP) Derivative liabilities, at fair value — (1,183 ) Interest rate swaps (USD) Derivative assets, at fair value 3,258 2,093 Interest rate swaps (GBP) Derivative liabilities, at fair value (1,157 ) (3,713 ) Interest rate swaps (EUR) Derivative liabilities, at fair value (1,443 ) (2,446 ) Total $ 658 $ (8,881 ) Derivatives not designated as hedging instruments: Foreign currency forwards (GBP-USD) Derivative assets, at fair value $ 3,247 $ 20 Foreign currency forwards (GBP-USD) Derivative liabilities, at fair value — (1,175 ) Foreign currency forwards (EUR-USD) Derivative assets, at fair value 2,225 — Foreign currency forwards (EUR-USD) Derivative liabilities, at fair value — (1,258 ) Put options (GBP) Derivative assets, at fair value — 63 Interest rate swaps (EUR) Derivative liabilities, at fair value (1,286 ) (2,384 ) Total $ 4,186 $ (4,734 ) Cash Flow Hedges of Interest Rate Risk The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in AOCI and is subsequently reclassified into earnings in the period that the hedged forecasted transaction impacts earnings. During 2018 , 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, 2018 , 2017 and 2016 , the Company recorded a loss of $0.4 million , and gains of $0.2 million and $0.1 million of ineffectiveness in earnings, respectively. Additionally, during the year ended December 31, 2018 and 2017, the Company accelerated the reclassification of amounts in other comprehensive income to earnings as a result of the hedged forecasted transactions becoming probable not to occur. The accelerated amounts were losses of $0.1 million and $1.1 million for the years ended December 31, 2018 and 2017, respectively. Amounts reported in AOCI 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 $1.2 million will be reclassified from other comprehensive income as an increase to interest expense. As of December 31, 2018 and 2017 , the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk: December 31, 2018 December 31, 2017 Derivatives Number of Instruments Notional Amount Number of Instruments Notional Amount (In thousands) (In thousands) Interest rate swaps (GBP) 48 $ 234,312 19 $ 301,155 Interest rate swaps (EUR) 13 212,255 13 222,190 Interest rate swaps (USD) 3 150,000 3 150,000 Total 64 $ 596,567 35 $ 673,345 In connection with a multi-property loan which refinanced all of the Company's mortgage notes payable denominated in GBP (see Note 5 — Mortgage Notes Payable ) the Company terminated 15 interest rate swaps with an aggregate notional amount of £208.8 million and one floor with a notional amount of £28.1 million . Following these terminations, the amount relating to GBP borrowings still outstanding of approximately $1.2 million will remain in AOCI and be recorded as an adjustment to interest expense over the term of the related GBP borrowings. Of the amount recorded in AOCI following these terminations, $0.4 million was recorded as an increase to interest expense for the year ended December 31, 2018, resulting in $0.8 million remaining in AOCI as of December 31, 2018. In connection with the July 24, 2017 refinancing of the Prior Credit Facility, the Company terminated an interest rate swap with notional amount of £160.0 million for a payment of $1.5 million . This swap was designated as a cash flow hedge on the Company's GBP borrowings which were partially paid off. As a result of the termination, the Company accelerated the reclassification of amounts in other comprehensive income to earnings as a result of the hedged forecasted transactions becoming probable not to occur. The portion of the termination payment relating to the GBP borrowings that were paid off resulted in a charge to earnings of $1.1 million , included in losses on derivative instruments for the year ended December 31, 2017. The remaining amount relating to GBP borrowings still outstanding remained in AOCI and was recorded as an adjustment to interest expense over the term of the related GBP borrowings. During the remainder of 2017 and the year ended December 31, 2018, $0.2 million and $0.2 million was recorded as an increase to interest expense and there was no remaining amount in AOCI as of December 31, 2018. 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 to mirror the interest rate floors on the underlying debt. In connection with the July 24, 2017 refinancing of the Prior Credit Facility, the Company novated an interest rate swap with a notional amount of €224.0 million . Subsequent to the novation, the swap no longer qualified for hedge accounting. The interest swap liability of $0.7 million at was recorded in AOCI and was recorded as an adjustment to interest expense over the term of the related LIBOR borrowings. During the remainder of 2017 and the year ended December 31, 2018, $0.3 million and $0.4 million was recorded as an increase to interest expense and there was no remaining amount in AOCI as of December 31, 2018. Subsequent changes in the value of the swap were reflected in earnings. The table below details the location in the consolidated financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the years ended December 31, 2018 , 2017 and 2016 : Year Ended December 31, (In thousands) 2018 2017 2016 Amount of gain (loss) recognized in AOCI from derivatives (effective portion) $ 2,739 $ (12,893 ) $ (12,634 ) Amount of loss reclassified from AOCI into income as interest expense (effective portion) $ (3,746 ) $ (6,029 ) $ (5,318 ) Amount of loss recognized on derivative instruments (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing) $ (559 ) $ (931 ) $ (99 ) Net Investment Hedges The Company is exposed to fluctuations in foreign currency 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. During the year ended December 31, 2017 and through the third quarter of 2018, the Company used foreign currency derivatives including cross currency swaps to hedge its exposure to changes in foreign exchange rates on certain of its foreign investments. Cross currency swaps involve fixing the applicable exchange rate for delivery of a specified amount of foreign currency on specified dates. For derivatives designated as net investment hedges, the effective portion of changes in the fair value of the derivatives are reported in AOCI (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 AOCI into earnings when the hedged net investment is either sold or substantially liquidated. As of December 31, 2018 the Company did not have foreign currency derivatives that were designated as net investment hedges used to hedge its net investments in foreign operation. As of December 31, 2017 , the Company had the following outstanding foreign currency derivatives that were designated as net investment hedges used to hedge its net investments in foreign operations: December 31, 2017 Derivatives Number of Instruments Notional Amount (In thousands) Cross currency swaps (EUR-USD) 3 $ 43,222 Cross currency swaps (GBP-USD) 1 66,282 Foreign currency forwards (EUR-USD) 1 12,099 Total 5 $ 121,603 Foreign Denominated Debt Designated as Net Investment Hedges Effective May 17, 2015, all foreign currency draws under the Prior Credit Facility were designated as net investment hedges. As such, the effective portion of changes in value due to currency fluctuations are reported in AOCI (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 AOCI into earnings when the hedged net investment is either sold or substantially liquidated, or if the Company should no longer possess a controlling interest. The Company records adjustments to earnings for currency impacts related to undesignated excess positions, if any. There were no undesignated excess positions at any time during the year ended December 31, 2018. The Company recorded losses of $3.7 million , and gains of $10.1 million for the years ended December 31, 2017 and 2016 , respectively, due to currency changes on the undesignated excess foreign currency advances over the related net investments. Additionally, in connection with the July 24, 2017 refinancing of the Prior Credit Facility, the Company terminated a cross-currency swap with a notional amount of £49.1 million for a payment of $10.6 million . This swap was designated as a net investment hedge on the Company's EUR investments, and this swap is still outstanding. The termination payment amount will remain in AOCI until the hedged item is liquidated. 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 options, 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 economically 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). The Company recorded a gain of $7.8 million , a loss of $7.1 million and a gain of $7.4 million on the non-designated hedges for the years ended December 31, 2018 , 2017 and 2016 , respectively. As of December 31, 2018 and 2017 , the Company had the following outstanding derivatives that were not designated as hedges under qualifying hedging relationships: December 31, 2018 December 31, 2017 Derivatives Number of Instruments Notional Amount Number of Instruments Notional Amount (In thousands) (In thousands) Foreign currency forwards (GBP - USD) 50 $ 43,000 24 $ 32,116 Foreign currency forwards (EUR - USD) 38 39,500 22 35,712 Interest rate swaps (EUR) 5 138,625 6 414,093 Options (GBP-USD) — — 1 675 Options (EUR-USD) — — 5 9,250 Total 93 $ 221,125 58 $ 491,846 Offsetting Derivatives The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of December 31, 2018 and 2017 . 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 audited 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, 2018 $ 8,730 $ (3,886 ) $ — $ 4,844 $ — $ — $ 4,844 December 31, 2017 $ 2,176 $ (15,791 ) $ — $ (13,615 ) $ — $ — $ (13,615 ) 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 has drawn, and expects to continue to draw, foreign currency advances under the Prior Credit Facility and the 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. 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, 2018 , the fair value of derivatives in net liability position including accrued interest but excluding any adjustment for nonperformance risk related to these agreements was $4.8 million . As of December 31, 2018 , 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.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2018
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Common Stock As of December 31, 2018 and 2017 , the Company had 76,080,625 and 67,287,231 , respectively, shares of Common Stock outstanding, respectively, excluding unvested RSUs and LTIP Units issued in accordance with the 2018 OPP or 2015 OPP. LTIP Units may be convertible into shares of Common Stock in the future. On September 2, 2016, 421,383 OP Units were converted to Common Stock, of which 305,411 were issued to individual members and employees of AR Global, 115,967 were issued to the Former Service Provider, and five were issued to Global Net Lease Special Limited Partner, LLC (the "Special Limited Partner"), an affiliate of AR Global that directly owns the Advisor and the Property Manager. During the first half of 2017, the remaining 181,841 OP Units, which were held by individual members and employees of AR Global, were converted into Common Stock. There were no OP Units held by anyone other than the Company outstanding as of December 31, 2018 and 2017. 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 in connection with the Merger. Additionally, all outstanding Global II OP Units were converted into the right to receive 2.27 shares of Common Stock. In 2016, the Company issued 9.6 million of shares of Common Stock as consideration in the Merger. Based on the closing price of the shares of 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 . ATM Program — Common Stock The Company has an “at the market” equity offering program (the “ATM Program”) pursuant to which the Company may sell shares of Common Stock, from time to time through its sales agents. During the year ended December 31, 2017, the Company sold 820,988 shares of Common Stock through the ATM Program for gross sales proceeds of $18.7 million , before issuance costs of $0.4 million . During the year ended December 31, 2018 , the Company sold 164,927 shares of Common Stock through the ATM program for gross proceeds of $3.5 million , before commissions paid of $35,140 and additional issuance costs of $0.3 million . These costs are recorded in additional paid-in capital on the accompanying audited consolidated balance sheets. In January 2019, the Company sold additional shares of common stock and in February 2019, the Company terminated its existing equity distribution agreement and entered into a new equity distribution agreement with substantially the same sales agents on substantially the same terms. For additional information, see Note 16 — Subsequent Events. Underwritten Offerings — Common Stock On August 20, 2018, the Company completed the issuance and sale of 4,600,000 shares of Common Stock (including 600,000 shares issued and sold pursuant to the underwriters' exercise of their option to purchase additional shares in full) in an underwritten public offering at a price per share of $20.65 . The gross proceeds from this offering were $95.0 million before deducting the underwriting discount of $3.8 million and additional offering expenses of $0.3 million . On November 28, 2018, the Company completed the issuance and sale of 4,000,000 shares of Common Stock in an underwritten public offering at a price per share of $20.20 . The gross proceeds from this offering were $80.8 million before deducting the underwriting discount of $3.2 million and additional offering expenses of $0.1 million . Preferred Stock The Company is authorized to issue up to 16,670,000 shares of Preferred Stock, of which it has classified and designated 13,409,650 and 5,409,650 as authorized shares of its 7.25% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share ("Series A Preferred Stock"), as of December 31, 2018 and December 31, 2017, respectively. The Company had 5,416,890 and 5,409,650 shares of Series A Preferred Stock issued and outstanding, as of December 31, 2018 and December 31, 2017, respectively. ATM Program — Series A Preferred Stock In March 2018, the Company established an “at the market” equity offering program for its Series A Preferred Stock (the "Preferred Stock ATM Program") pursuant to which the Company may raise aggregate sales proceeds of $200.0 million through sales of shares of Series A Preferred Stock from time to time through its sales agents. During the year ended December 31, 2018, the Company sold 7,240 shares of Series A Preferred Stock through the Preferred Stock ATM Program for gross proceeds of $0.2 million , before commissions paid of $2,724 and additional issuance costs of $0.4 million . Underwritten Offerings — Series A Preferred Stock On September 7, 2017, the Company completed the issuance and sale of 4,000,000 shares of the Series A Preferred Stock in an underwritten public offering at a public offering price equal to the liquidation preference of $25.00 per share, and, on October 11, 2017, the Company issued and sold an additional 259,650 shares of Series A Preferred Stock pursuant to the underwriters’ partial exercise of their option to purchase additional shares in accordance with terms of the underwriting agreement. The gross proceeds from this offering were $106.5 million before deducting the underwriting discount of $3.4 million and additional offering expenses of $0.5 million . On December 14, 2017, the Company completed the issuance and sale of 1,150,000 shares of the Series A Preferred Stock (including 150,000 shares pursuant to the underwriter’s exercise of its option to purchase additional shares in full) in an underwritten public offering at a public offering price equal to the liquidation preference of $25.00 per share. The gross proceeds from this offering were $28.8 million before deducting the underwriting discount of $0.8 million and additional offering expenses of $0.2 million. Series A Preferred Stock - Terms Holders of Series A Preferred Stock are entitled to cumulative dividends in an amount equal to $1.8125 per share each year, which is equivalent to the rate of 7.25% of the $25.00 liquidation preference per share per annum. The Series A Preferred Stock has no stated maturity and will remain outstanding indefinitely unless redeemed or otherwise repurchased. On and after September 12, 2022, at any time and from time to time, the Series A Preferred Stock will be redeemable in whole or in part, at the Company's option, at a cash redemption price of $25.00 per share plus an amount equal to all dividends accrued and unpaid (whether or not declared), if any, to, but not including, the redemption date. In addition, upon the occurrence of a Delisting Event or a Change of Control (each as defined in the articles supplementary governing the terms of the Series A Preferred Stock (the "Articles Supplementary"), the Company may, subject to certain conditions, at its option, redeem the Series A Preferred Stock, in whole but not in part, within 90 days after the first date on which the Delisting Event occurred or within 120 days after the first date on which the Change of Control occurred, as applicable, by paying the liquidation preference of $25.00 per share, plus an amount equal to all dividends accrued and unpaid (whether or not declared), if any, to, but not including, the redemption date. If the Company does not exercise these redemption rights upon the occurrence of a Delisting Event or a Change of Control, the holders of Series A Preferred Stock will have certain rights to convert Series A Preferred Stock into shares of Common Stock based on a defined formula subject to a cap whereby the holders of Series A Preferred Stock may receive a maximum of 2.301 shares of Common Stock (as adjusted for any stock splits) per share of Series A Preferred Stock. The necessary conditions to convert the Series A Preferred Stock into Common Stock have not been met as of December 31, 2018 . Therefore, Series A Preferred Stock will not impact Company's earnings per share calculations. The Series A Preferred Stock ranks senior to the Common Stock, with respect to dividend rights and rights upon the Company's voluntary or involuntary liquidation, dissolution or winding up. Voting rights for holders of Series A Preferred Stock exist primarily with respect to the ability to elect two additional directors to the Company’s board of directors if six or more quarterly dividends (whether or not consecutive) payable on the Series A Preferred Stock are in arrears, and with respect to voting on amendments to the Company’s charter (which includes the Articles Supplementary) that materially and adversely affect the rights of the Series A Preferred Stock or create additional classes or series of shares of the Company’s capital stock that are senior to the Series A Preferred Stock. Other than the limited circumstances described above and in the Articles Supplementary, holders of Series A Preferred Stock do not have any voting rights. Monthly Dividends and Change to Payment Dates The Company generally pays dividends on its Common Stock on the 15th day of each month (or, if not a business day, the next succeeding business day) to Common Stock holders of record on the applicable record date during the month at an annualized rate of $2.13 per share or $0.1775 per share on a monthly basis. Prior to July 2018, the record date for the Company’s regular dividend was generally the 8th day of the applicable 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. In addition, see Note 6 — Credit Facilities f or additional information on the restrictions on the payment of dividends and other distributions imposed by our Credit Facility. Dividends on Series A Preferred Stock accrue in an amount equal to $0.453125 per share per quarter to Series A Preferred Stock holders, which is equivalent to 7.25% of the $25.00 liquidation preference per share of Series A Preferred Stock per annum. Dividends on the Series A Preferred Stock are payable quarterly in arrears on the 15th day of January, April, July and October of each year (or, if not on a business day, on the next succeeding business day) to holders of record at the close of business on the record date set by the Company's board of directors, which must be not more than 30 nor fewer than 10 days prior to the applicable payment date. All dividends paid on the Series A Preferred Stock were considered 100% ordinary dividend income. The following table details from a tax perspective, the portion of a common stock dividends classified as return of capital and ordinary dividend income, per share per annum: Year Ended December 31, (In thousands) 2018 2017 2016 Return of capital $ 1.57 73.7 % $ 0.39 18.3 % $ 1.32 62.0 % Ordinary dividend income 0.56 26.3 % 1.74 81.7 % 0.81 38.0 % Total $ 2.13 100.0 % $ 2.13 100.0 % $ 2.13 100.0 %

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2018
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 non-cancelable ground leases, excluding increases resulting from increases in the consumer price index, are as follows: (In thousands) Future Ground Lease Payments (1) 2019 $ 1,371 2020 1,371 2021 1,371 2022 1,371 2023 1,371 Thereafter 40,519 Total (2) $ 47,374 (1) Assumes exchange rates of £1.00 to $1.27 for GBP and €1.00 to $1.14 for EUR as of December 31, 2018 for illustrative purposes, as applicable. (2) Ground lease rental payments due for the Company's ING Amsterdam lease 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 during the years ended December 31, 2018 , 2017 and 2016 . 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. On January 25, 2018, the Former Service Provider filed a complaint against (i) the Company and the OP; (ii) the Property Manager, the Special Limited Partner, and the Advisor (collectively, the “GNL Advisor Defendants”); and (iii) AR Capital Global Holdings, LLC, and AR Global (together, the “AR Defendants”), in the Supreme Court of the State of New York, County of New York ("New York Supreme Court"). The complaint alleges that the notice sent to the Former Service Provider by the Company on January 15, 2018, terminating the Former Service Provider Agreement, was a pretext to enable the AR Defendants to seize the Former Service Provider's business. The complaint alleges breach of contract against the Company, the OP and the GNL Advisor Defendants, and tortious interference against the AR Defendants. The complaint seeks: (i) monetary damages against the defendants, (ii) to enjoin the termination of the Service Provider Agreement, and (iii) judgment declaring the termination to be void. The defendants believe the allegations in the complaint are without merit, and intend to defend against them vigorously. On January 26, 2018, the Former Service Provider made a motion seeking to preliminarily enjoin the defendants from terminating the Service Provider Agreement pending resolution of the lawsuit. On February 13, 2018, the defendants responded and moved to dismiss. At a hearing on March 15, 2018, the New York Supreme Court issued a ruling (i) denying the Former Service Provider’s request for a preliminary injunction preventing defendants from terminating the Former Service Provider, (ii) dismissing the Former Service Provider’s claim for a declaratory judgment that the termination is void and of no force and effect, and (iii) allowing the Former Service Provider’s remaining claims to proceed. On April 16, 2018, the defendants filed answers and counterclaims against the Former Service Provider alleging damages resulting from the Former Service Provider’s underperformance of its duties, as well as damages related to the Former Service Provider’s retention of approximately $91,000 in pre-paid fees for the post-termination period. The New York Supreme Court held a preliminary conference on April 17, 2018 at which it set a discovery schedule, and the parties are currently engaged in discovery. As with any litigation, the dispute and resulting litigation may divert management’s attention from the day-to-day operations of our business and result in substantial cost to the Company, including amounts that may become payable to reimburse AR Global, the Advisor and their affiliates for their legal costs in defending themselves against the Former Service Provider’s lawsuit pursuant to the Company's indemnification obligations to them. During the year ended December 31, 2018, the Company incurred $2.9 million of litigation costs relating to the matter and recorded a reserve of $7.4 million related to the anticipated settlement of this litigation. The settlement reserve was recorded in the fourth quarter of 2018 as a result of settlement discussions with the Former Service Provider through February of 2019. Based on the progression of these discussions, the Company was able to reasonably estimate an amount to reserve, however the actual settlement, if any, may differ from the amount reserved. These costs are included in acquisition, transaction and other costs in our consolidated statement of operations. 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, 2018 , 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, 2018
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions As of December 31, 2018 and 2017 , AR Global and certain affiliates owned, in the aggregate, 35,900 and 39,904 shares of the Company's outstanding Common Stock, respectively. The Advisor, which is an affiliate of AR Global, and its affiliates currently may, and, the Former Service Provider previously could incur costs and fees on behalf of the Company. As of December 31, 2018 and 2017 , the Company had $16,000 of receivables from affiliated entities and $0.8 million of payables to their affiliates, respectively. As of December 31, 2018 , AR Global indirectly owned 95% of the membership interests in the Advisor and Scott J. Bowman, the Company's former chief executive officer and president, directly owned the other 5% of the membership interests in the Advisor. Prior to his resignation as chief executive officer and president of the Company, Mr. Bowman owned 10% of the membership interests in the Advisor and AR Global indirectly owned the other 90% of the membership interests in the Advisor. James L. Nelson, the Company’s chief executive officer and president, holds a non-controlling profit interest in the Advisor and Property Manager. Mr. Nelson was appointed the Company's chief executive officer and president, effective as of August 8, 2017. The Company is the sole general partner of the OP. On September 2, 2016, 421,383 of the OP Units were converted into Common Stock, of which 305,411 were issued to individual members and employees of AR Global, 115,967 were issued to the Former Service Provider and five were issued to the Special Limited Partner. During the first half of 2017, the remaining 181,841 OP Units, which were held by individual members and employees of AR Global, were converted into Common Stock. There were no OP Units held by anyone other than the Company outstanding as of December 31, 2018 and 2017. The OP made distributions to holders of OP Units other than the Company of $0.1 million and $1.0 million during the years ended December 31, 2017 and 2016, respectively. In addition, the Company paid $0.6 million in distributions to the Advisor as the sole holder of LTIP Units (as defined in Note 13 — Share-Based Compensation ) during the years ended December 31, 2018 and 2017, which are included in accumulated deficit in the audited consolidated statements of equity. As of December 31, 2018 and 2017 , the Company had no unpaid distributions on the LTIP Units. Fees Paid in Connection with the Operations of the Company On June 2, 2015, concurrent with its listing on the NYSE, the Company entered into the Advisory Agreement, which was subsequently amended on August 14, 2018 (the "August Amendment") and November 6, 2018 (the "November Amendment"). These amendments only revise the provisions regarding the effective annual thresholds of Core AFFO Per Share (as defined in the Advisory Agreement) that the Company must satisfy for the Advisor to be paid Incentive Compensation (as defined in the Advisory Agreement). Under the Advisory Agreement, the Company pays the Advisor the following fees in cash: (i) a base fee of $18.0 million per annum payable in cash monthly in advance (“Minimum Base Management Fee”); and (ii) 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”). Additionally, the Company pays the Advisor the Incentive Compensation, an amount earned each quarter, 50% payable in cash and 50% payable in shares of Common Stock (subject to certain lock up restrictions). The Incentive Compensation is calculated on an annual basis at the end of the Company’s fiscal year but is payable throughout the course of a year, in quarterly installments, subject to a final year-end adjustment. At the end of each fiscal year, the difference, if any, between the amount of the Incentive Compensation actually paid to the Advisor in the preceding year under the quarterly installments and the actual amount payable for the fiscal year is either repaid by or paid to the Advisor as applicable. Shares of Common Stock that were issued as a portion of any quarterly installment payment are retained and, for purposes of any repayment required to be made by the Advisor, have the value they had at the time of issuance and are adjusted in respect of any dividend or other distribution received prior to the time of repayment but not subsequent dividends or other distributions. Under the Advisory Agreement, prior to the August Amendment, the Incentive Compensation was equal to: (a) 15% of the Company’s Core AFFO (as defined in the Advisory Agreement) per weighted-average share of Common Stock 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 $2.37 , plus (b) 10% of the Core AFFO Per Share in excess of an incentive hurdle of an annualized Core AFFO Per Share of $3.08 . The $2.37 and $3.08 incentive hurdles were subject to annual increases of 1% to 3% . Under the Advisory Agreement, as amended by the August Amendment, the Incentive Fee Lower Hurdle (as defined in the Advisory Agreement) was decreased from $2.37 to (a) $2.15 for the 12 months ending June 30, 2019, and (b) $2.25 for the 12 months ending June 30, 2020, and the Incentive Fee Upper Hurdle (as defined in the Advisory Agreement) was decreased from $3.08 to (a) $2.79 for the 12 months ending June 30, 2019, and (b) $2.92 for the 12 months ending June 30, 2020. With respect to the third quarter of 2018, the hurdles were met and the Advisor was paid $0.4 million in a quarterly installment of Incentive Compensation. Because, based on the calculation as of December 31, 2018 the hurdles had not been met, the Company recorded a reversal of $0.4 million for Incentive Compensation previously recorded in the third quarter of 2018, and as a result, no Incentive Compensation was earned for the year ended December 31, 2018 . During the years ended December 31, 2017 and 2016 , no Incentive Compensation was earned. In addition, the August Amendment revised the provisions in the Advisory Agreement governing adjustments to these annual thresholds. The annual thresholds may, beginning with effect from July 1, 2020, be increased each year in the sole discretion of a majority of the Company’s independent directors (in their good faith reasonable judgment, after consultation with the Advisor), by a percentage equal to between 0% and 3% instead of 1% and 3% . In addition, in August 2023 and every five years thereafter, the Advisor will have a right to request that the Company’s independent directors reduce the then current Incentive Fee Lower Hurdle and Incentive Fee Upper Hurdle and make a determination whether any reduction in the annual thresholds is warranted. 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. The amount of the Base Management Fee to be paid under the Advisory Agreement is capped at the AUM for the preceding year multiplied by (a) 0.75% if equal to or less than $3.0 billion ; (b) 0.75% less (i) a fraction, (x) the numerator of which is the AUM for such specified period less $3.0 billion and (y) the denominator of which is $11.7 billion multiplied by 0.35% if AUM is greater than $3.0 billion but less than $14.6 billion ; or (c) 0.4% if equal to or greater than $14.7 billion . _______________________________ (1) For purposes of the Advisory Agreement, as amended by the November Amendment, 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 (as defined in the Advisory Agreement)); (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) gain (or loss) from the sale of investments; (h) impairment loss on real estate; (i) acquisition and transactions related costs (now known as acquisition, transaction and other costs on the face of the Company's income statement); (j) straight-line rent; (k) amortization of above and below market leases assets and liabilities; (l) amortization of deferred financing costs; (m) accretion of discounts and amortization of premiums on debt investments; (n) marked-to-market adjustments included in net income; (o) unrealized gain (loss) resulting from consolidation from, or deconsolidation to, equity accounting, (p) consolidated and unconsolidated partnerships and joint ventures and (q) Incentive Compensation, (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 a special dividend(s) related thereto is paid to stockholders. Property Management Fees 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. This oversight fee is no longer applicable to 12 of the Company's properties which became subject to a separate property management and leasing agreement with the Property Manager in October 2017 (the " 12 -Property PMLA") on otherwise identical terms to our then effective primary property and management leasing agreement (the "Primary PMLA"), which remained applicable to all other properties. In February 2019, the Company entered into an amendment to the Primary PMLA, following which it continues to have a one-year term that is automatically extended for an unlimited number of successive one-year terms unless terminated by either party upon notice. Under the Primary PMLA prior to this amendment, either the Company or the Property Manager could terminate upon 60 days’ written notice prior to end of the applicable term. Following this amendment, either the Company or the Property Manager may terminate the Primary PMLA at any time upon at least 12 months’ prior written notice. The 12 -Property PMLA was not similarly amended. For more information, see Note 16 — Subsequent Events. Solely with respect to the Company's investments in properties located in Europe, prior to the effectiveness of the termination of the Former Service Provider in March 2018, the Former Service Provider received, from the Property Manager, a portion of the fees payable to the Property Manager 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 was 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 Former Service Provider. Following the termination of the Former Service Provider, the Former Service Provider no longer receives any amounts from the Advisor. For additional information, see Note 1 — Organization. Professional Fees and Other Reimbursements 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, unless the excess amount is otherwise approved by the Company's board of directors. Additionally, the Company reimburses the Advisor for expenses of the Advisor and its affiliates incurred on behalf of the Company, except for those expenses that are specifically the responsibility of the Advisor under the Advisory Agreement, such as fees and compensation paid to the Former Service Provider prior to its termination 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, 2018 , 2017 and 2016 . 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 audited consolidated statements of operations. During the year ended December 31, 2018, there were no property operating and general administrative expenses absorbed by the Advisor. During the year ended December 31, 2017, the Advisor elected to forgive $1.2 million of property management fees, and $4.2 million of property management fees were incurred. During the year ended December 31, 2016, the Property Manager elected to forgive $2.3 million of property management fees and $3.8 million of property management fees, respectively, were incurred. The Company was also party to a transfer agency agreement with American National Stock Transfer, LLC ("ANST"), a subsidiary of the parent company of the Former Dealer Manager, 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. ("DST"), a third-party transfer agent. 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 transfer agent and registrar. During the year ended December 31, 2016, the Company incurred approximately $0.2 million of recurring transfer agent services fees to ANST which were included in general and administrative expenses in the audited consolidated statements of operations. The Company has also agreed under the Advisory Agreement to reimburse, indemnify and hold harmless each of the Advisor and its affiliates, and the directors, officers, employees, partners, members, stockholders, other equity holders, agents and representatives of the Advisor and its affiliates (each, a “Advisor Indemnified Party”), of and from any and all expenses, losses, damages, liabilities, demands, charges and claims of any nature whatsoever (including reasonable attorneys’ fees) in respect of or arising from any acts or omissions of the Advisor Indemnified Party performed in good faith under the Advisory Agreement and not constituting bad faith, willful misconduct, gross negligence, or reckless disregard of duties on the part of the Advisor Indemnified Party. In addition, the Company has agreed to advance funds to an Advisor Indemnified Party for reasonable legal fees and other reasonable costs and expenses incurred as a result of any claim, suit, action or proceeding for which indemnification is being sought, subject to repayment if the Advisor Indemnified Party is later found pursuant to a final and non-appealable order or judgment to not be entitled to indemnification. The following table reflects related party fees, as described above, incurred, forgiven and contractually due as of and for the periods presented: Year Ended December 31, 2018 2017 2016 (Receivable) Payable as of December 31, (In thousands) Incurred Forgiven Incurred Forgiven Incurred Forgiven 2018 2017 One-time fees and reimbursements: Fees on gain from sale of investments $ — $ — $ — $ 875 $ 923 $ — $ 49 (4) $ 49 (4) Financing coordination fees (1) — — — — 16 — — — Ongoing fees (7)(8) : Asset management fees (2) 23,212 — 21,353 — 18,230 — — 240 (4) Property management fees (3) 5,022 — 4,281 1,177 3,802 2,281 — 59 (4) (5) Total related party operational fees and reimbursements $ 28,234 $ — $ 25,634 $ 2,052 $ 22,971 $ 2,281 $ 49 $ 348 (6) ___________________________________________________________________________ (1) These related party fees are recorded as deferred financing costs and amortized over the term of the respective financing arrangement. (2) The Advisor, in accordance with the Advisory Agreement, received asset management fees in cash equal to the annual Minimum Base Management Fee of $18.0 million and the Variable Base Management Fee. The Variable Base Management Fee was $5.2 million , $3.4 million and $0.2 million for the years ended December 31, 2018 , 2017 and 2016 , respectively. (3) For all periods through the six months ended June 30, 2017, the Advisor waived 100% of fees from U.S. assets and its allocated portion of fees from European assets. (4) Balance included within due to related parties on the audited consolidated balance sheets as of December 31, 2018 and 2017. (5) Prepaid property management fees of $0.2 million as of December 31, 2017 are not included in the table above and are included in the prepaid expenses and other assets on the consolidated balance sheet. (6) In addition, as of December 31, 2017, due to related parties include $0.3 million of costs accrued for Global II Advisor and transfer agent fees which were assumed through the Merger, $0.1 million of costs accrued for transfer agent fees and $0.1 million of costs relating to RCS Advisory Services, LLC, all of which are not reflected in the table above. (7) The Company incurred general and administrative costs and other expense reimbursements of approximately $1.1 million , $0.1 million and $0.2 million for the years ended December 31, 2018 , 2017 and 2016 , respectively, which are recorded within general and administrative expenses on the audited consolidated statements of operations and are not reflected in the table above. (8) In order to improve operating cash flows and the ability to pay dividends from operating cash flows, the Advisor or the Property Manager may forgive certain fees including asset management and property management fees. Because the Advisor or the Property Manager may forgive certain fees, cash flow from operations that would have been paid to the Advisor or the Property Manager 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 or the Property Manager at any point in the future. Fees Paid in Connection with the Liquidation of the Company's Real Estate Assets In connection with any sale or similar transaction involving any investment, subject to the terms of the Advisory Agreement, the Company will pay to the Advisor a fee in connection with net gain recognized by the Company in connection with the sale or transaction (the "Gain Fee") unless the proceeds of such transaction or series of transactions are reinvested in one or more investments within 180 days thereafter. 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 is calculated by aggregating all of the gains and losses from the preceding month. During the year ended December 31, 2017, the Company reinvested proceeds of $30.3 million and sold one property which resulted in a reduction to the Gain Fee of $0.8 million . As of December 31, 2018 and 2017 , the Gain Fee due to the Advisor was approximately $49,000 . There was no Gain Fee for the year ended December 31, 2018 . 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. The Company received payment during the year ended December 31, 2017 and there is no balance remaining on this receivable.

Economic Dependency

Economic Dependency	12 Months Ended
	Dec. 31, 2018
Economic Dependency [Abstract]
Economic Dependency	Economic Dependency Under various agreements, the Company has engaged or will engage the Advisor, its affiliates and entities under common control with the Advisor, to provide certain services that are essential to the Company, including asset management services, supervision of the management and leasing of properties owned by the Company, asset acquisition and disposition decisions, the sale of shares of the Common Stock available for issue, transfer agency services, as well as other administrative responsibilities for the Company including accounting services and investor relations. As a result of these relationships, the Company is dependent upon the Advisor and its affiliates. In the event that these companies are unable to provide the Company with the respective services, the Company will be required to find alternative providers of these services.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2018
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 Common Stock options to the Company's directors, officers, advisors, consultants and other personnel of the Company, the Advisor and the Property Manager and their affiliates, 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 closing price of a share of Common Stock on the last trading day preceding the date of grant. A total of 0.5 million shares have been authorized and reserved for issuance under the Plan. As of December 31, 2018 , 2017 and 2016 , 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 of Common Stock ("Restricted Shares") and RSUs to the Company's directors, officers and 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. We pay independent director compensation as follows: (i) the annual retainer payable to all independent directors is $100,000 per year, (ii) the annual retainer for the non-executive chair is $105,000 , (iii) the annual retainer for independent directors serving on the audit committee, compensation committee or nominating and corporate governance committee is $30,000 . All annual retainers are payable 50% in the form of cash and 50% in the form of RSUs 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 RSP, the number of shares of Common Stock available for awards is equal to 10.0% of the Company's outstanding shares of Common Stock on a fully diluted basis at any time. If any awards granted under the RSP are forfeited for any reason, the number of forfeited shares is again available for purposes of granting awards under the RSP. Restricted Share awards entitle the recipient to receive shares of Common Stock from us under terms that provide for vesting over a specified period of time. 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 to holders of Restricted Shares payable in shares of Common Stock are subject to the same restrictions as the underlying Restricted Shares. RSUs represent a contingent right to receive shares of Common Stock at a future settlement date, subject to satisfaction of applicable vesting conditions or other restrictions, as set forth in the RSP and an award agreement evidencing the grant of RSUs. RSUs may not, in general, be sold or otherwise transferred until restrictions are removed and the rights to the shares of Common Stock have vested. Holders of RSUs do not have or receive any voting rights with respect to the RSUs or any shares underlying any award of RSUs, but such holders are generally credited with dividend or other distribution equivalents which are subject to the same vesting conditions or other restrictions as the underlying RSUs and only paid at the time such RSUs are settled in shares of Common Stock. RSU award agreements generally provide for accelerated vesting of all unvested RSUs in connection with a termination without cause from the Company’s board of directors or a change of control and accelerated vesting of the portion of the unvested RSUs scheduled to vest in the year of the recipient’s voluntary resignation from or failure to be re-elected to the Company’s board of directors. The following table reflects RSU activity for the years ended December 31, 2018 , 2017 and 2016 . Number of Restricted Shares Weighted-Average Issue Price Unvested, December 31, 2015 62,646 $ 25.70 Granted 12,211 22.59 Vested (13,758 ) 25.77 Unvested, December 31, 2016 61,099 25.07 Granted 13,861 22.54 Vested (25,848 ) 25.25 Unvested, December 31, 2017 49,112 24.29 Granted 17,039 18.34 Vested (19,799 ) 24.40 Unvested, December 31, 2018 46,352 22.04 The fair value of the RSUs granted prior to the Listing Date was based on the per share price in the IPO and the fair value of the RSUs 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 RSUs was approximately $0.5 million , $0.7 million and $0.4 million during the years ended December 31, 2018 , 2017 and 2016 , respectively, and is recorded in Equity-based compensation in the accompanying audited consolidated statements of operations. As of December 31, 2018 , the Company had $0.7 million of unrecognized compensation cost related to unvested RSUs granted under the RSP. That cost is expected to be recognized over a weighted average period of 1.8 years. Multi-Year Outperformance Agreement On July 16, 2018, the Company's compensation committee approved the 2018 OPP, which was subsequently entered into by the Company and the OP with the Advisor on July 19, 2018. The 2018 OPP was entered into in connection with the conclusion of the performance period under the 2015 OPP on June 2, 2018. Because no performance goals under the 2015 OPP were achieved during the performance period, no LTIP Units issued under the 2015 OPP were earned and all LTIP Units issued under the 2015 OPP were automatically forfeited without the payment of any consideration by the Company or the OP effective as of June 2, 2018. The Company recorded equity-based compensation expense associated with the awards pursuant to the 2015 OPP over the requisite service period on a graded vesting basis. Under the 2018 OPP, total equity-based compensation expense was valued and will be recorded evenly over the requisite service period of approximately 2.8 years from the grant date. Through December 31, 2018, the equity-based compensation expense was adjusted each reporting period for changes in the estimated market-related performance. Under new accounting rules adopted by the Company on January 1, 2019 that will apply to the 2018 OPP in future periods, total equity-based compensation expense calculated as of adoption of the new guidance will be fixed as of that date and will not be remeasured in subsequent periods (see Note 2 - Summary of Significant Accounting Policies for a description of new accounting rules related to non-employee equity awards). During the years ended December 31, 2018 and 2017, the Company recorded reductions in expense of $1.1 million and $4.4 million , respectively, for the 2015 OPP. During the year ended December 31, 2018, the Company recorded expense of $3.3 million relating to the 2018 OPP. LTIP Units/Distributions/Redemption The rights of the Advisor as the holder of the LTIP Units (whether issued pursuant to the 2015 OPP or the 2018 OPP) are governed by the terms of the LTIP Units contained in the agreement of limited partnership of the OP. Until an LTIP Unit is earned in accordance with the provisions of the applicable outperformance award agreement, the holder of the LTIP Unit will be entitled to distributions on the LTIP Unit equal to 10% of the distributions (other than distributions of sale proceeds) made on an OP Unit. The Company paid $0.6 million in distributions related to LTIP Units during the years ended December 31, 2018 and 2017 , which is included in accumulated deficit in the consolidated statements of changes in equity. Distributions paid with respect to an LTIP Unit will not be subject to forfeiture, even if the LTIP Unit is ultimately forfeited because it is not earned in accordance with the terms of the agreement under which it was issued. After an LTIP Unit is earned, the holder will be entitled to a priority catch-up distribution per earned LTIP Unit equal to the accrued distributions on OP Units during the applicable performance period, less distributions already paid on the LTIP Unit during the performance period. As of the valuation date on the final day of the applicable performance period, the earned LTIP Units will become entitled to the same distributions as OP Units. 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 the LTIP Unit into an OP Unit in accordance with the limited partnership agreement of the OP. In accordance with, and subject to the terms of, the limited partnership agreement of the OP, OP Units may be redeemed on a one-for-one basis for, at the Company’s election, shares of Common Stock or the cash equivalent thereof. 2018 OPP Based on a maximum award value of $50.0 million and $19.57 (the “Initial Share Price”), the closing price of Common Stock on June 1, 2018, the trading day prior to the effective date of the 2018 OPP, the Advisor was issued a total of 2,554,930 LTIP Units (the “Award LTIP Units”) pursuant to the 2018 OPP. The Award LTIP Units represent the maximum number of LTIP Units that could be earned by the Advisor based on the Company’s total shareholder return (“TSR”), including both share price appreciation and Common Stock dividends, against the Initial Share Price over a performance period (the “Performance Period”), commencing on June 2, 2018 and ending on the earliest of (i) June 2, 2021, (ii) the effective date of any Change of Control (as defined in the 2018 OPP) and (iii) the effective date of any termination of the Advisor’s service as advisor of the Company. Half of the Award LTIP Units (the “Absolute TSR LTIP Units”) will be eligible to be earned as of the last day of the Performance Period (the “Valuation Date”) if the Company achieves an absolute TSR with respect to threshold, target and maximum performance goals for the Performance Period as follows: Performance Level (% of Absolute TSR LTIP Units Earned) Absolute TSR Number of Absolute TSR LTIP Units Earned Below Threshold — % Less than 24 % — Threshold 25 % 24 % 319,366 Target 50 % 30 % 638,733 Maximum 100 % 36 % or higher 1,277,465 If the Company’s absolute TSR is more than 24% but less than 30% , or more than 30% but less than 36% , the percentage of the Absolute TSR LTIP Units earned will be determined using linear interpolation as between those tiers, respectively. Half of the Award LTIP Units (the “Relative TSR LTIP Units”) will be eligible to be earned as of the Valuation Date if the amount, expressed in terms of basis points (bps), whether positive or negative, by which the Company’s absolute TSR on the Valuation Date exceeds the average TSR of a peer group consisting of Lexington Realty Trust, W.P. Carey Inc. and (following an amendment to the 2018 OPP in February 2019 in light of the effectiveness of a merger of two members of the peer group, Government Properties Income Trust and Select Income REIT, with Government Properties Income Trust surviving the merger renamed as Office Properties Income Trust) Office Properties Income Trust as of the Valuation Date as follows: Performance Level (% of Relative TSR LTIP Units Earned) Relative TSR Excess Number of Absolute TSR LTIP Units Earned Below Threshold — % Less than -600 basis points — Threshold 25 % -600 basis points 319,366 Target 50 % — basis points 638,733 Maximum 100 % +600 basis points 1,277,465 If the relative TSR excess is more than -600 basis points but less than 0 basis points, or more than 0 basis points but less than +600 bps, the percentage of the Relative TSR LTIP Units earned will be determined using linear interpolation as between those tiers, respectively. If the Valuation Date is the effective date of a Change of Control or a termination of the Advisor for any reason (i.e., with or without cause), then calculations relating to the number of Award LTIP Units earned pursuant to the 2018 OPP will be performed based on actual performance as of (and including) the effective date of the Change of Control or termination (as applicable) based on the performance through the last trading day prior to the effective date of the Change of Control or termination (as applicable), with the hurdles for calculating absolute TSR pro-rated to reflect that the Performance Period lasted less than three years but without pro-rating the number of Absolute TSR LTIP Units or Relative TSR LTIP Units the Advisor would be eligible to earn to reflect the shortened period. The award of LTIP Units under the 2018 OPP is administered by the compensation committee of the Company’s board of directors, provided that any of the compensation committee’s powers can be exercised instead by the board if the board so elects. Following the Valuation Date, the compensation committee is responsible for determining the number of Absolute TSR LTIP Units and Relative TSR LTIP Units earned, as calculated by an independent consultant engaged by the compensation committee and as approved by the compensation committee in its reasonable and good faith discretion. The compensation committee also must approve the transfer of any Absolute TSR LTIP Units and Relative TSR LTIP Units (or OP Units into which they may be converted in accordance with the terms of the agreement of limited partnership of the OP). LTIP Units earned as of the Valuation Date will also become vested as of the Valuation Date. Any LTIP Units that are not earned and vested after the Compensation Committee makes the required determination will automatically and without notice be forfeited without the payment of any consideration by the Company or the OP, effective as of the Valuation Date. The rights of the Advisor as the holder of the LTIP Units are governed by the terms of the LTIP Units contained in the agreement of limited partnership of the OP. The agreement of limited partnership of the OP was amended in July 2018 in connection with the execution of the 2018 OPP to reflect the issuance of LTIP Units thereunder and to make certain clarifying and ministerial revisions, but these amendments did not alter the terms of the LTIP Units established in connection with the Company’s entry into the 2015 OPP in June 2015. During the third quarter of 2018, the OP made a distribution to the Advisor totaling approximately $0.1 million , representing the amount that would have been paid with respect to the Award LTIP Units after the June 2, 2018, the effective date of the 2018 OPP, but prior to July 19, 2018. 2015 OPP In connection with the Listing, the Company entered into the 2015 OPP with the OP and the Advisor. Under the OPP, the Advisor was issued 3,013,933 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”). Because no performance goals under the 2015 OPP were achieved, no LTIP Units issued under the 2015 OPP were earned and all LTIP Units issued under the 2015 OPP were automatically forfeited without the payment of any consideration by the Company or the OP, effective as of June 2, 2018. Under the 2015 OPP, the Advisor was 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 June 2, 2015, based on the Company’s achievement of certain levels of absolute TSR and the amount by which the Company's absolute TSR exceeded the average TSR of a peer group for the three-year performance period commencing on June 2, 2015 (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” was comprised of Gramercy Property Trust Inc., Lexington Realty Trust, Select Income REIT, and W.P. Carey Inc. The potential outperformance award was 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 was 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. One third of any earned LTIP Units were to vest, subject to the Advisor's continued service through each vesting date, on each of the third, fourth and fifth anniversaries of June 2, 2015. Any earned and vested LTIP Units would have been converted into OP Units in accordance with the terms and conditions of the limited partnership agreement of the OP. The 2015 OPP provided for early calculation of LTIP Units earned and for the accelerated vesting of any earned LTIP Units in the event the Advisor was terminated or in the event the Company incurred a change in control, in either case prior to the end of the Three -Year Period. As of June 2, 2017 (end of the Two -Year Period) and June 2, 2016 (end of the first One -Year Period), and June 2, 2018 (end of the Three -Year Period), no LTIP units were earned by the Advisor under the terms of the 2015 OPP. Accordingly, all LTIP Units that had been issued under the 2015 OPP were automatically forfeited without the payment of any consideration by the Company or the OP as of the end of the Three-Year Period. 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, 2018 , 2017 and 2016 .

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following is a summary of the basic and diluted net income per share computation for the years ended December 31, 2018 , 2017 and 2016 : Year Ended December 31, (In thousands, except share and per share data) 2018 2017 2016 Net income attributable to common stockholders $ 1,082 $ 20,731 $ 47,140 Adjustments to net income attributable to common stockholders for common share equivalents (689 ) (742 ) (773 ) Adjusted net income attributable to common stockholders $ 393 $ 19,989 $ 46,367 Basic and diluted net income per share attributable to common stockholders $ 0.01 $ 0.30 $ 0.82 Basic weighted average common shares outstanding 69,411,061 66,877,620 56,720,448 Diluted weighted average common shares outstanding 69,663,208 66,877,620 56,720,448 Under current authoritative guidance for determining earnings per share, all unvested 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 LTIP Units 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 LTIP Units from the numerator. Diluted net income per share assumes the conversion of all Common Stock share equivalents into an equivalent number of shares of Common Stock, unless the effect is anti-dilutive. The Company considers unvested RSUs, LTIP Units, and OP Units to be common share equivalents. For the years ended December 31, 2018 , 2017 and 2016 , the following common share equivalents on a weighted average basis were excluded from the calculation of diluted earnings per share: December 31, 2018 2017 2016 Unvested RSUs 46,352 49,112 61,099 OP Units (1) — — 181,841 LTIP Units (2) 970,173 3,013,933 3,013,933 Total anti-dilutive common share equivalents 1,016,525 3,063,045 3,256,873 (1) On April 3, 2017, all remaining OP Units were converted into Common Stock. (2) Weighted-average number of LTIP Units outstanding. There were 2,554,930 LTIP Units issued and outstanding under the 2018 OPP as of December 31, 2018 . The 3,013,933 LTIP Units issued under the 2015 OPP were forfeited as of June 2, 2018 since no LTIP Units were earned under the 2015 OPP. See Note 13 — Share Based Compensation for additional information on the 2018 OPP and 2015 OPP. Conditionally issuable shares relating to the 2018 OPP award (see Note 13 — Share-Based Compensation ) are included in the computation of fully diluted EPS on a weighted average basis for the year ended December 31, 2018 based on shares that would be issued if the balance sheet date were the end of the measurement period. No LTIP Unit share equivalents were included in the computation for the years ended December 31, 2017 and 2016 because no LTIP Units would have been earned based on the stock price at December 31, 2017 and 2016.

Quarterly Results (Unaudited)

Quarterly Results (Unaudited)	12 Months Ended
	Dec. 31, 2018
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, 2018 and 2017 : (In thousands, except share and per share data) Quarters Ended 2018 March 31, June 30, September 30, December 31, (1) Total revenue $ 68,086 $ 70,971 $ 71,924 $ 71,226 Net income (loss) attributable to common stockholders $ 2,361 $ 5,288 $ 177 $ (6,744 ) Adjustments to net income (loss) attributable to common stockholders for common share equivalents (184 ) (26 ) (316 ) (163 ) Adjusted net income (loss) attributable to common stockholders $ 2,177 $ 5,262 $ (139 ) $ (6,907 ) Basic weighted average shares outstanding 67,287,231 67,292,021 69,441,639 73,554,137 Diluted weighted average shares outstanding 67,287,231 67,292,021 69,441,639 74,001,250 Basic and diluted net income (loss) per share attributable to common stockholders $ 0.03 $ 0.08 $ — $ (0.09 ) (In thousands, except share and per share data) Quarters Ended 2017 March 31, June 30, (2) September 30, December 31, Total revenue $ 62,837 $ 64,986 $ 64,870 $ 66,602 Net income attributable to common stockholders $ 7,429 $ 5,200 $ 2,104 $ 5,998 Adjustments to net income attributable to common stockholders for common share equivalents (185 ) (185 ) (186 ) (186 ) Adjusted net income attributable to common stockholders $ 7,244 $ 5,015 $ 1,918 $ 5,812 Basic and diluted weighted average shares outstanding 66,271,008 66,652,221 67,286,615 67,286,822 Basic and diluted net income per share attributable to common stockholders $ 0.11 $ 0.08 $ 0.03 $ 0.09 _______________________ (1) During the three months ended December 31, 2018, the Company recorded (i) impairment charges and related lease intangible write-offs of lease intangibles of $5.0 million which are more fully discussed in Note 4 — Real Estate Investments, Net and (ii) a litigation reserve of $7.4 million related to the anticipated settlement of the litigation with the Former Service Provider, which is more fully discussed in Note 10 — Commitments and Contingencies. (2) As discussed in Note 2 — Summary of Significant Accounting Policies , the Company reflected an out-of-period adjustment $0.5 million in the three months ended June 30, 2017 for additional rental income and unbilled straight-line rent.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2018
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. Finnish Refinancing On February 6, 2019, the Company borrowed an aggregate of €74.0 million ( $84.2 million based on the prevailing exchange rate on that date) secured by mortgages of its five properties in Finland (the "Loan"). The maturity date of the Loan is February 1, 2024, and it bears interest at a rate of 3 -month Euribor plus 1.4% , with the interest rate for approximately €59.2 million ( $67.4 million based on the prevailing exchange rate on that date), representing 80% of the principal amount of the Loan, fixed at 1.8% by an interest rate swap agreement. The Loan is interest-only with the principal due at maturity. At the closing of the Loan, €57.4 million ( $65.3 million based on the prevailing exchange rate on that date) was used to repay all outstanding indebtedness encumbering the five properties, with the remaining proceeds, after costs and fees related to the Loan, available for working capital and general corporate purposes. New Equity Distribution Agreement The Company has the ATM Program, an “at the market” equity offering program pursuant to which the Company may sell shares of Common Stock, from time to time through our sales agents. During January 2019, the Company sold 7,759,322 shares of Common Stock through the ATM Program for gross proceeds of $152.8 million , before commissions of $1.5 million and additional issuance costs of $2,000 . Following these sales, the Company had raised all $175.0 million contemplated by its existing equity distribution agreement related to the ATM Program. On February 27, 2019, the Company terminated its existing equity distribution agreement, and on February 28, 2019, the Company entered into a new equity distribution agreement on substantially the same terms with the sales agents under its existing equity distribution agreement, UBS Securities LLC, Robert W. Baird & Co. Incorporated, Capital One Securities, Inc., Mizuho Securities USA, LLC, B. Riley FBR, Inc., KeyBanc Capital Markets Inc., and BMO Capital Markets Corp., as well as three new sales agents, BBVA Securities Inc., SMBC Nikko Securities America, Inc. and Stifel, Nicolaus & Company, Incorporated (collectively, the “Agents”). The new equity distribution agreement provides for the continuation of the ATM Program to raise additional aggregate sales proceeds of up to $250.0 million. Subject to the terms and conditions of the new equity distribution agreement, the Agents will use their commercially reasonable efforts to sell, on the Company’s behalf, shares of Common Stock offered by the Company under and in accordance with the new equity distribution agreement. The sales, if any, of shares of Common Stock, made under the new equity distribution agreement 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 continue to use any net proceeds from the ATM Program for general corporate purposes, including funding investment activity, repaying outstanding indebtedness (including borrowings under the Revolving Credit Facility), and for working capital. The ATM Program is registered under the Securities Act of 1933, as amended, pursuant to the Company’s shelf registration statement on Form S-3 (Registration No. 333-214579). Following the filing of this Annual Report on Form 10-K, the Company will file a prospectus supplement with the Securities and Exchange Commission in connection with the offer and sale of shares of Common Stock pursuant to the new equity distribution agreement. The new equity distribution agreement contains customary representations, warranties, and agreements of both parties, indemnification rights and termination provisions. Charter Amendment On February 27, 2019, the Company filed an amendment to its charter with the State Department of Assessments and Taxation of Maryland, which became effective upon filing. Pursuant to this amendment, the Company increased the number of shares of stock the Company’s charter authorizes the Company to issue from up to 116,670,000 shares of stock, consisting of 100,000,000 shares of common stock and 16,670,000 shares of preferred stock, to up to 166,670,000 shares of stock, consisting of 150,000,000 shares of common stock and 16,670,000 shares of preferred stock. Property Management and Leasing Agreement Amendment On February 27, 2019, the Company entered into an amendment to the Primary PMLA with the Property Manager, pursuant to which the Property Manager provides property management and leasing services for almost all of the Company’s properties. For more information about the terms of the Primary PMLA, see Note 11 — Related Party Transactions. Following this amendment, the Primary PMLA continues to have a one-year term that is automatically extended for an unlimited number of successive one-year terms unless terminated by either party upon notice. Under the Primary PMLA prior to this amendment, either the Company or the Property Manager could terminate upon 60 days’ written notice prior to end of the applicable term. Following this amendment, either the Company or the Property Manager may terminate the Primary PMLA at any time upon at least 12 months’ prior written notice. Acquisitions The Company has signed two non-binding letters of intent and one definitive purchase and sale agreement to acquire a total of three net lease properties, all of which are located in the United States, for an aggregate purchase price of $42.0 million . The two letters of intent may not lead to definitive agreements and the one definitive agreement is subject to conditions. There can be no assurance we will complete any of these acquisitions on their contemplated terms, or at all. Additionally, the Company has signed definitive agreements that will increase the annual rent at four of the Company's properties, that are leased to a single tenant, in exchange for the Company funding $11.4 million in capital expenditures to expand and remodel the properties. Dispositions The Company has signed non-binding letters of intent to dispose of two net lease properties, one of which is located in the United States, while the other is located in the United Kingdom. The United States disposition is for a contract sales price of $13.0 million , and there is no debt associated with the property. The United Kingdom disposition is for a contract sales price of £7.2 million , and it is expected to generate £3.0 million in net proceeds after repayment of associated debt. There can be no assurance these letters of intent will lead to definitive agreements or completed dispositions on the contemplated terms, or at all. Additionally, the Company entered into definitive purchase and sale agreements to sell two properties in the United States and three properties in Germany. The two United States dispositions are for a total contract sales price of $11.4 million , and there is no debt associated with these properties. The three Germany dispositions are for a contract sales price of €135.0 million and are expected to generate €72.5 million after repayment of associated debt. These pending dispositions are subject to conditions, and there can be no assurance they will be completed on their current terms, or at all.

Real Estate and Accumulated Dep

Real Estate and Accumulated Depreciation Schedule III	12 Months Ended
	Dec. 31, 2018
SEC Schedule, 12-28, Real Estate Companies, Investment in 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/Territory or Country Acquisition Date Encumbrances at December 31, 2018 (1) Land Building and Improvements Land Building and Improvements Gross Amount at December 31, 2018 (2)(3) Accumulated Depreciation (4)(5) McDonalds Corporation Carlisle United Kingdom Oct. 2012 $ — (6) $ 409 $ 954 $ — $ — $ 1,363 $ 298 Wickes Blackpool United Kingdom May 2013 — (6) 1,719 1,846 — — 3,565 486 Everything Everywhere Merthyr Tydfil United Kingdom Jun. 2013 — (6) 3,502 2,229 — — 5,731 577 Thames Water Swindon United Kingdom Jul. 2013 — (6) 3,502 4,139 — — 7,641 1,051 Wickes Tunstall United Kingdom Jul. 2013 — (6) 891 2,037 — — 2,928 519 PPD Global Labs Highland Heights KY Aug. 2013 — (9) 2,001 6,002 — — 8,003 1,675 Northern Rock Sunderland United Kingdom Sep. 2013 — (6) 1,273 4,457 — — 5,730 1,120 Wickes Clifton United Kingdom Nov. 2013 — (6) 1,273 1,783 — — 3,056 439 Con-Way Freight, Inc. Aurora NE Nov. 2013 — 295 1,670 — — 1,965 515 Con-Way Freight, Inc. Grand Rapids MI Nov. 2013 — 945 1,417 — — 2,362 437 Con-Way Freight, Inc. Riverton IL Nov. 2013 — 344 804 — — 1,148 248 Con-Way Freight, Inc. Salina KS Nov. 2013 — 461 1,843 — — 2,304 568 Con-Way Freight, Inc. Uhrichsville OH Nov. 2013 — 380 886 — — 1,266 273 Con-Way Freight, Inc. Vincennes IN Nov. 2013 — 220 712 — — 932 218 Con-Way Freight, Inc. Waite Park MN Nov. 2013 — 366 782 — — 1,148 215 Wolverine Howard City MI Dec. 2013 — 719 13,667 — — 14,386 4,168 Encanto Restaurants Baymon PR Dec. 2013 — 1,150 1,724 — — 2,874 478 Encanto Restaurants Caguas PR Dec. 2013 — — 2,481 — — 2,481 688 Encanto Restaurants Carolina PR Dec. 2013 — 615 751 — — 1,366 208 Encanto Restaurants Carolina PR Dec. 2013 — 1,840 2,761 — — 4,601 765 Encanto Restaurants Guayama PR Dec. 2013 — 673 822 — — 1,495 228 Encanto Restaurants Mayaguez PR Dec. 2013 — 410 957 — — 1,367 265 Encanto Restaurants Ponce PR Dec. 2013 — 600 1,399 — — 1,999 401 Encanto Restaurants Ponce PR Dec. 2013 — 655 1,528 — — 2,183 423 Encanto Restaurants Puerto Neuvo PR Dec. 2013 — — 782 — — 782 217 Encanto Restaurants Quebrada Arena PR Dec. 2013 — 843 1,566 — — 2,409 434 Encanto Restaurants Rio Piedras PR Dec. 2013 — 963 1,788 — — 2,751 495 Encanto Restaurants Rio Piedras PR Dec. 2013 — 505 1,179 — — 1,684 327 Encanto Restaurants San German PR Dec. 2013 — 391 726 — — 1,117 208 Encanto Restaurants San Juan PR Dec. 2013 — 153 612 — — 765 170 Encanto Restaurants San Juan PR Dec. 2013 — 1,235 1,509 — — 2,744 418 Encanto Restaurants San Juan PR Dec. 2013 — 389 1,168 — — 1,557 324 Encanto Restaurants Toa Baja PR Dec. 2013 — 68 616 — — 684 177 Encanto Restaurants Vega Baja PR Dec. 2013 — 822 1,527 — — 2,349 423 Rheinmetall Neuss Germany Jan. 2014 12,130 5,884 16,521 — 74 22,479 2,249 Initial Costs Costs Capitalized Subsequent to Acquisition Portfolio City U.S. State/Territory or Country Acquisition Date Encumbrances at December 31, 2018 (1) Land Building and Improvements Land Building and Improvements Gross Amount at December 31, 2018 (2)(3) Accumulated Depreciation (4)(5) GE Aviation Grand Rapids MI Jan. 2014 — (7) 3,174 27,076 — — 30,250 3,606 Provident Financial Bradford United Kingdom Feb. 2014 — (6) 1,284 23,829 — — 25,113 2,986 Crown Crest Leicester United Kingdom Feb. 2014 — (6) 7,318 30,221 — — 37,539 4,315 Trane Davenport IA Feb. 2014 — 291 1,968 — — 2,259 311 Aviva Sheffield United Kingdom Mar. 2014 — (6) 2,767 31,352 — — 34,119 3,988 DFS Trading Brigg United Kingdom Mar. 2014 — (6) 1,292 3,665 — — 4,957 522 DFS Trading Carcroft United Kingdom Mar. 2014 — (6) 1,087 4,304 — — 5,391 567 DFS Trading Carcroft United Kingdom Mar. 2014 — (6) 295 2,118 — — 2,413 317 DFS Trading Darley Dale United Kingdom Mar. 2014 — (6) 1,272 3,264 — — 4,536 475 DFS Trading Somercotes United Kingdom Mar. 2014 — (6) 747 2,668 — — 3,415 457 Government Services Administration (GSA) Fanklin TN Mar. 2014 — 4,160 30,083 — — 34,243 3,800 National Oilwell Williston ND Mar. 2014 — 211 3,513 — — 3,724 599 Talk Talk Manchester United Kingdom Apr. 2014 — (6) 747 8,879 — — 9,626 1,170 Government Services Administration (GSA) Dover DE Apr. 2014 — 1,097 1,715 — — 2,812 240 Government Services Administration (GSA) Germantown PA Apr. 2014 — 1,097 3,573 — — 4,670 448 OBI DIY Mayen Germany Apr. 2014 5,150 1,282 7,654 — — 8,936 1,088 DFS Trading South Yorkshire United Kingdom Apr. 2014 — (6) — 1,331 — — 1,331 251 DFS Trading Yorkshire United Kingdom Apr. 2014 — (6) — 1,735 — — 1,735 220 Government Services Administration (GSA) Dallas TX Apr. 2014 — 484 2,934 — — 3,418 367 Government Services Administration (GSA) Mission TX Apr. 2014 — 618 3,145 — — 3,763 416 Government Services Administration (GSA) International Falls MN May 2014 — (7) 350 11,182 — 63 11,595 1,437 Indiana Department of Revenue Indianapolis IN May 2014 — 891 7,677 — — 8,568 1,012 National Oilwell Pleasanton TX May 2014 — 202 1,643 — — 1,845 262 Nissan Murfreesboro TN May 2014 — (7) 966 19,573 — — 20,539 2,353 Government Services Administration (GSA) Lakewood CO Jun. 2014 — 1,220 7,928 — — 9,148 955 Lippert Components South Bend IN Jun. 2014 — (7) 3,195 6,883 — — 10,078 848 Axon Energy Products Conroe TX Jun. 2014 — 826 6,132 — — 6,958 714 Axon Energy Products Houston TX Jun. 2014 — 294 2,310 — — 2,604 300 Axon Energy Products Houston TX Jun. 2014 — 416 5,186 — — 5,602 653 Bell Supply Co Carrizo Springs TX Jun. 2014 — 260 1,445 — — 1,705 216 Bell Supply Co Cleburne TX Jun. 2014 — 301 323 — — 624 54 Bell Supply Co Frierson LA Jun. 2014 — 260 1,054 — — 1,314 218 Initial Costs Costs Capitalized Subsequent to Acquisition Portfolio City U.S. State/Territory or Country Acquisition Date Encumbrances at December 31, 2018 (1) Land Building and Improvements Land Building and Improvements Gross Amount at December 31, 2018 (2)(3) Accumulated Depreciation (4)(5) Bell Supply Co Gainesville TX Jun. 2014 — 131 1,420 — — 1,551 179 Bell Supply Co Killdeer ND Jun. 2014 — 307 1,250 — — 1,557 182 Bell Supply Co Williston ND Jun. 2014 — 162 2,323 — — 2,485 305 GE Oil & Gas Canton OH Jun. 2014 — 437 3,039 — 300 3,776 397 GE Oil & Gas Odessa TX Jun. 2014 — 1,611 3,322 — — 4,933 781 Lhoist Irving TX Jun. 2014 — 173 2,154 — — 2,327 329 Select Energy Services DeBerry TX Jun. 2014 — 533 7,551 — — 8,084 1,512 Select Energy Services Gainesville TX Jun. 2014 — 519 7,482 — — 8,001 888 Select Energy Services Victoria TX Jun. 2014 — 354 1,698 — — 2,052 264 Bell Supply Co Jacksboro TX Jun. 2014 — 51 657 — — 708 135 Bell Supply Co Kenedy TX Jun. 2014 — 190 1,669 — — 1,859 271 Select Energy Services Alice TX Jun. 2014 — 518 1,331 — — 1,849 186 Select Energy Services Dilley TX Jun. 2014 — 429 1,777 — — 2,206 292 Select Energy Services Kenedy TX Jun. 2014 — 815 8,355 — — 9,170 1,177 Select Energy Services Laredo TX Jun. 2014 — 2,472 944 — — 3,416 197 Superior Energy Services Gainesville TX Jun. 2014 — 322 480 — — 802 61 Superior Energy Services Jacksboro TX Jun. 2014 — 408 312 — — 720 55 Amcor Packaging Workington United Kingdom Jun. 2014 — (6) 1,108 6,535 — — 7,643 950 Government Services Administration (GSA) Raton NM Jun. 2014 — 93 875 — — 968 116 Nimble Storage San Jose CA Jun. 2014 — (9) 30,227 10,795 — 180 41,202 1,336 FedEx Amarillo TX Jul. 2014 — 889 6,446 — — 7,335 941 FedEx Chicopee MA Jul. 2014 — 1,030 7,022 — — 8,052 1,074 FedEx San Antonio TX Jul. 2014 — 3,283 17,756 — — 21,039 2,156 Sandoz Princeton NJ Jul. 2014 — (7) 7,766 31,994 — 11,558 51,318 7,666 Wyndham Branson MO Jul. 2014 — 881 3,307 — — 4,188 425 Valassis Livonia MI Jul. 2014 — 1,735 8,119 — — 9,854 957 Government Services Administration (GSA) Fort Fairfield ME Jul. 2014 — 26 9,315 — — 9,341 1,050 AT&T Services, Inc. San Antonio TX Jul. 2014 33,550 5,312 41,201 — — 46,513 4,596 PNC Bank Erie PA Jul. 2014 — (9) 242 6,195 — — 6,437 706 PNC Bank Scranton PA Jul. 2014 — (7) 1,324 3,004 — — 4,328 351 Achmea Leusden The Netherlands Jul. 2014 — 2,913 22,704 — 99 25,716 2,557 Continental Tire Fort Mill SC Jul. 2014 — 780 14,259 — — 15,039 1,620 Fujitsu Office Properties Manchester United Kingdom Jul. 2014 — (6) 3,596 38,927 — — 42,523 4,491 BP Oil Wootton Bassett United Kingdom Aug. 2014 — (6) 583 2,521 — — 3,104 309 Initial Costs Costs Capitalized Subsequent to Acquisition Portfolio City U.S. State/Territory or Country Acquisition Date Encumbrances at December 31, 2018 (1) Land Building and Improvements Land Building and Improvements Gross Amount at December 31, 2018 (2)(3) Accumulated Depreciation (4)(5) HBOS Derby United Kingdom Aug. 2014 — (6) 585 5,896 — — 6,481 747 HBOS St. Helens United Kingdom Aug. 2014 — (6) 222 3,341 — — 3,563 427 HBOS Warrington United Kingdom Aug. 2014 — (6) 423 1,996 — — 2,419 275 Malthurst Shiptonthorpe United Kingdom Aug. 2014 — (6) 268 1,908 — — 2,176 258 Malthurst Yorkshire United Kingdom Aug. 2014 — (6) 476 1,249 — — 1,725 221 Stanley Black & Decker Westerville OH Aug. 2014 — 958 6,933 — — 7,891 816 Thermo Fisher Kalamazoo MI Aug. 2014 — 1,176 10,179 — — 11,355 1,138 Capgemini Birmingham United Kingdom Aug. 2014 — (6) 1,585 15,028 — — 16,613 1,816 Merck Madison NJ Aug. 2014 — (7) 10,290 32,530 — — 42,820 3,595 Family Dollar Abbeville AL Aug. 2014 — 115 635 — — 750 90 Family Dollar Aiken SC Aug. 2014 — 439 505 — — 944 77 Family Dollar Alapaha GA Aug. 2014 — 200 492 — — 692 79 Family Dollar Anniston AL Aug. 2014 — 176 618 — — 794 86 Family Dollar Atlanta GA Aug. 2014 — 234 1,181 — — 1,415 146 Family Dollar Bossier City LA Aug. 2014 — 291 520 — — 811 71 Family Dollar Brandenburg KY Aug. 2014 — 178 748 — — 926 102 Family Dollar Brownfield TX Aug. 2014 — 31 664 — — 695 81 Family Dollar Brownsville TX Aug. 2014 — 83 803 — — 886 99 Family Dollar Caledonia MS Aug. 2014 — 415 162 — — 577 38 Family Dollar Camden SC Aug. 2014 — 187 608 — — 795 88 Family Dollar Camp Wood TX Aug. 2014 — 96 593 — — 689 84 Family Dollar Church Point LA Aug. 2014 — 247 563 — — 810 78 Family Dollar Columbia SC Aug. 2014 — 363 487 — — 850 77 Family Dollar Columbus MS Aug. 2014 — 305 85 — — 390 18 Family Dollar Danville VA Aug. 2014 — 124 660 — — 784 86 Family Dollar Detroit MI Aug. 2014 — 107 711 — — 818 80 Family Dollar Diamond Head MS Aug. 2014 — 104 834 — — 938 105 Family Dollar Falfurrias TX Aug. 2014 — 52 745 — — 797 84 Family Dollar Fayetteville NC Aug. 2014 — 99 438 — — 537 52 Family Dollar Fort Davis TX Aug. 2014 — 114 698 — — 812 100 Family Dollar Fort Madison IA Aug. 2014 — 188 226 — — 414 36 Family Dollar Greenwood SC Aug. 2014 — 629 546 — — 1,175 70 Family Dollar Grenada MS Aug. 2014 — 346 335 — — 681 57 Family Dollar Griffin GA Aug. 2014 — 369 715 — — 1,084 100 Family Dollar Hallsville TX Aug. 2014 — 96 225 — — 321 27 Initial Costs Costs Capitalized Subsequent to Acquisition Portfolio City U.S. State/Territory or Country Acquisition Date Encumbrances at December 31, 2018 (1) Land Building and Improvements Land Building and Improvements Gross Amount at December 31, 2018 (2)(3) Accumulated Depreciation (4)(5) Family Dollar Hardeeville SC Aug. 2014 — 83 663 — — 746 90 Family Dollar Hastings NE Aug. 2014 — 260 515 — — 775 64 Family Dollar Haw River NC Aug. 2014 — 310 554 — — 864 96 Family Dollar Kansas City MO Aug. 2014 — 52 986 — — 1,038 109 Family Dollar Knoxville TN Aug. 2014 — 82 714 — — 796 96 Family Dollar La Feria TX Aug. 2014 — 124 956 — — 1,080 113 Family Dollar Lancaster SC Aug. 2014 — 229 721 — — 950 106 Family Dollar Lillian AL Aug. 2014 — 410 508 — — 918 72 Family Dollar Louisville KY Aug. 2014 — 511 503 — — 1,014 74 Family Dollar Louisville MS Aug. 2014 — 235 410 — — 645 64 Family Dollar Madisonville KY Aug. 2014 — 389 576 — — 965 83 Family Dollar Memphis TN Aug. 2014 — 356 507 — — 863 75 Family Dollar Memphis TN Aug. 2014 — 79 342 — — 421 52 Family Dollar Memphis TN Aug. 2014 — 158 301 — — 459 49 Family Dollar Mendenhall MS Aug. 2014 — 61 720 — — 781 92 Family Dollar Mobile AL Aug. 2014 — 258 682 — — 940 87 Family Dollar Mohave Valley AZ Aug. 2014 — 284 575 — — 859 97 Family Dollar N Platte NE Aug. 2014 — 117 255 — — 372 28 Family Dollar Nampa ID Aug. 2014 — 133 1,126 — — 1,259 139 Family Dollar Newberry MI Aug. 2014 — 172 1,562 — — 1,734 191 Family Dollar North Charleston SC Aug. 2014 — 458 593 — — 1,051 92 Family Dollar North Charleston SC Aug. 2014 — 376 588 — — 964 85 Family Dollar Oklahoma City OK Aug. 2014 — 144 1,211 — — 1,355 134 Family Dollar Paulden AZ Aug. 2014 — 468 306 — — 774 62 Family Dollar Poteet TX Aug. 2014 — 141 169 — — 310 36 Family Dollar Rockford IL Aug. 2014 — 183 1,179 — — 1,362 141 Family Dollar Roebuck SC Aug. 2014 — 306 508 — — 814 87 Family Dollar San Angelo TX Aug. 2014 — 96 342 — — 438 50 Family Dollar St Louis MO Aug. 2014 — 226 1,325 — — 1,551 157 Family Dollar Tyler TX Aug. 2014 — 217 682 — — 899 83 Family Dollar Union MS Aug. 2014 — 52 622 — — 674 82 Family Dollar Williamston SC Aug. 2014 — 211 558 — — 769 81 Government Services Administration (GSA) Rangeley ME Aug. 2014 — 1,377 4,746 — 262 6,385 583 Hewlett-Packard Newcastle United Kingdom Sep. 2014 — (6) 1,095 18,230 — — 19,325 2,055 Intier Automotive Redditch United Kingdom Sep. 2014 — (6) 1,131 8,952 — — 10,083 1,122 Initial Costs Costs Capitalized Subsequent to Acquisition Portfolio City U.S. State/Territory or Country Acquisition Date Encumbrances at December 31, 2018 (1) Land Building and Improvements Land Building and Improvements Gross Amount at December 31, 2018 (2)(3) Accumulated Depreciation (4)(5) Waste Management Winston-Salem NC Sep. 2014 — 494 3,235 — — 3,729 373 FedEx Winona MN Sep. 2014 — 83 1,785 — — 1,868 236 Dollar General Allen OK Sep. 2014 — 99 793 — — 892 96 Dollar General Cherokee KS Sep. 2014 — 27 769 — — 796 94 Dollar General Clearwater KS Sep. 2014 — 90 785 — — 875 96 Dollar General Dexter NM Sep. 2014 — 329 585 — — 914 71 Dollar General Elmore City OK Sep. 2014 — 21 742 — — 763 92 Dollar General Eunice NM Sep. 2014 — 269 569 — — 838 70 Dollar General Gore OK Sep. 2014 — 143 813 — — 956 99 Dollar General Kingston OK Sep. 2014 — 81 778 — — 859 96 Dollar General Lordsburg NM Sep. 2014 — 212 719 — — 931 87 Dollar General Lyons KS Sep. 2014 — 120 970 — — 1,090 117 Dollar General Mansfield LA Sep. 2014 — 169 812 — — 981 99 Dollar General Neligh NE Sep. 2014 — 83 1,045 — — 1,128 123 Dollar General Norman OK Sep. 2014 — 40 913 — — 953 111 Dollar General Peggs OK Sep. 2014 — 72 879 — — 951 106 Dollar General Santa Rosa NM Sep. 2014 — 324 575 — — 899 70 Dollar General Sapulpa OK Sep. 2014 — 143 745 — — 888 93 Dollar General Schuyler NE Sep. 2014 — 144 905 — — 1,049 108 Dollar General Tahlequah OK Sep. 2014 — 132 925 — — 1,057 111 Dollar General Townville PA Sep. 2014 — 78 882 — — 960 113 Dollar General Valley Falls KS Sep. 2014 — 51 922 — — 973 109 Dollar General Wymore NE Sep. 2014 — 21 872 — — 893 105 FedEx Bohemia NY Sep. 2014 — (7) 4,838 19,596 — — 24,434 2,400 FedEx Watertown NY Sep. 2014 — 561 4,757 — — 5,318 614 Shaw Aero Naples FL Sep. 2014 — 998 22,332 — — 23,330 2,469 Mallinckrodt St. Louis MO Sep. 2014 — (9) 1,499 16,828 — — 18,327 1,880 Kuka Warehouse Sterling Heights MI Sep. 2014 — 1,227 10,790 — — 12,017 1,205 Trinity Health Livonia MI Sep. 2014 — 4,680 11,568 — 1,583 17,831 1,734 Trinity Health Livonia MI Sep. 2014 — 4,273 16,574 — 2,093 22,940 2,098 FedEx Hebron KY Sep. 2014 — 1,106 7,750 — 109 8,965 926 FedEx Lexington KY Sep. 2014 — 1,118 7,961 — — 9,079 927 GE Aviation Cincinnati OH Sep. 2014 — 1,393 10,490 — — 11,883 1,174 Bradford & Bingley Bingley United Kingdom Oct. 2014 — (6) 4,247 10,663 — — 14,910 1,291 DNV GL Dublin OH Oct. 2014 — 2,509 3,140 — 126 5,775 377 Initial Costs Costs Capitalized Subsequent to Acquisition Portfolio City U.S. State/Territory or Country Acquisition Date Encumbrances at December 31, 2018 (1) Land Building and Improvements Land Building and Improvements Gross Amount at December 31, 2018 (2)(3) Accumulated Depreciation (4)(5) Rexam Reckinghausen Germany Oct. 2014 5,876 807 11,358 — — 12,165 1,258 C&J Energy Houston TX Oct. 2014 — (7) 3,865 9,457 — — 13,322 1,106 FedEx Lake Charles LA Oct. 2014 — 255 7,485 — — 7,740 980 Family Dollar Big Sandy TN Oct. 2014 — 62 739 — — 801 94 Family Dollar Boling TX Oct. 2014 — 80 781 — — 861 95 Family Dollar Bonifay FL Oct. 2014 — 103 673 — — 776 102 Family Dollar Brownsville TN Oct. 2014 — 155 776 — — 931 107 Family Dollar Brundidge AL Oct. 2014 — 89 749 — — 838 119 Family Dollar Buena Vista GA Oct. 2014 — 246 757 — — 1,003 143 Family Dollar Calvert TX Oct. 2014 — 91 777 — — 868 97 Family Dollar Chocowinty NC Oct. 2014 — 237 554 — — 791 74 Family Dollar Clarksville TN Oct. 2014 — 370 1,025 — — 1,395 150 Family Dollar Fort Mill SC Oct. 2014 — 556 757 — — 1,313 100 Family Dollar Hillsboro TX Oct. 2014 — 287 634 — — 921 81 Family Dollar Lake Charles LA Oct. 2014 — 295 737 — — 1,032 93 Family Dollar Lakeland FL Oct. 2014 — 300 812 — — 1,112 102 Family Dollar Lansing MI Oct. 2014 — 132 1,040 — — 1,172 151 Family Dollar Laurens SC Oct. 2014 — 303 584 — — 887 98 Family Dollar Marion MS Oct. 2014 — 183 747 — — 930 96 Family Dollar Marsing ID Oct. 2014 — 188 786 — — 974 124 Family Dollar Montgomery AL Oct. 2014 — 122 821 — — 943 132 Family Dollar Monticello FL Oct. 2014 — 230 695 — — 925 97 Family Dollar Monticello UT Oct. 2014 — 96 894 — — 990 146 Family Dollar North Little Rock AR Oct. 2014 — 424 649 — — 1,073 102 Family Dollar Oakdale LA Oct. 2014 — 243 696 — — 939 87 Family Dollar Orlando FL Oct. 2014 — 684 619 — — 1,303 89 Family Dollar Port St. Lucie FL Oct. 2014 — 403 907 — — 1,310 119 Family Dollar Prattville AL Oct. 2014 — 463 749 — — 1,212 135 Family Dollar Prichard AL Oct. 2014 — 241 803 — — 1,044 99 Family Dollar Quinlan TX Oct. 2014 — 74 774 — — 848 96 Family Dollar Rigeland MS Oct. 2014 — 447 891 — — 1,338 109 Family Dollar Rising Star TX Oct. 2014 — 63 674 — — 737 84 Family Dollar Southaven MS Oct. 2014 — 409 1,080 — — 1,489 144 Family Dollar Spout Springs NC Oct. 2014 — 474 676 — — 1,150 90 Family Dollar St. Petersburg FL Oct. 2014 — 482 851 — — 1,333 112 Initial Costs Costs Capitalized Subsequent to Acquisition Portfolio City U.S. State/Territory or Country Acquisition Date Encumbrances at December 31, 2018 (1) Land Building and Improvements Land Building and Improvements Gross Amount at December 31, 2018 (2)(3) Accumulated Depreciation (4)(5) Family Dollar Standish ME Oct. 2014 — 411 646 — — 1,057 113 Family Dollar Swansboro NC Oct. 2014 — 337 826 — — 1,163 139 Panasonic Hudson NJ Oct. 2014 — 1,312 7,075 — — 8,387 777 Onguard Havre De Grace MD Oct. 2014 — 2,216 6,585 — — 8,801 1,030 Axon Energy Products Houston TX Oct. 2014 — 297 2,432 — — 2,729 264 Metro Tonic Halle Peissen Germany Oct. 2014 30,326 6,954 48,721 — — 55,675 5,978 Tokmanni Matsala Finland Nov. 2014 33,159 1,802 54,543 — — 56,345 6,305 Fife Council Dunfermline United Kingdom Nov. 2014 — (6) 335 4,326 — — 4,661 485 Family Dollar Doerun GA Nov. 2014 — 236 717 — — 953 92 Family Dollar Old Hickory TN Nov. 2014 — 548 781 — — 1,329 108 Government Services Administration (GSA) Rapid City SD Nov. 2014 — 504 7,837 — — 8,341 884 KPN BV Houten The Netherlands Nov. 2014 — 1,613 19,738 — — 21,351 2,088 RWE AG Essen Germany Nov. 2014 29,911 — — — — — — RWE AG Essen Germany Nov. 2014 16,917 — — — — — — RWE AG Essen Germany Nov. 2014 24,696 — — — — — — Follett School McHenry IL Dec. 2014 — 3,423 15,600 — — 19,023 2,035 Quest Diagnostics, Inc. Santa Clarita CA Dec. 2014 52,800 10,714 69,018 — — 79,732 7,168 Diebold North Canton OH Dec. 2014 — — 9,142 — — 9,142 1,133 Weatherford International Odessa TX Dec. 2014 — (9) 665 1,795 — — 2,460 320 AM Castle Wichita KS Dec. 2014 — 426 6,681 — — 7,107 676 FedEx Billerica MA Dec. 2014 — 1,138 6,674 — — 7,812 830 Constellium Auto Wayne MI Dec. 2014 — (7) 1,180 13,781 — 7,875 22,836 3,614 C&J Energy Houston TX Mar. 2015 — (7) 6,196 21,745 — — 27,941 2,172 FedEx Salina UT Mar. 2015 — 428 3,447 — — 3,875 487 FedEx Pierre SD Apr. 2015 — — 3,288 — — 3,288 444 Crowne Group Fraser MI Aug. 2015 — 350 3,865 — — 4,215 365 Crowne Group Jonesville MI Aug. 2015 — 101 3,136 — — 3,237 305 Crowne Group Warren MI Aug. 2015 — 166 1,854 — — 2,020 318 Crowne Group Logansport IN Aug. 2015 — 1,843 5,430 — — 7,273 592 Crowne Group Madison IN Aug. 2015 — 1,598 7,513 — — 9,111 692 Crowne Group Marion SC Aug. 2015 — 386 7,993 — — 8,379 795 JIT Steel Chattanooga TN Sep. 2015 — 582 3,122 — — 3,704 275 JIT Steel Chattanooga TN Sep. 2015 — 316 1,986 — — 2,302 171 Mapes & Sprowl Elk Grove Village IL Sep. 2015 — 954 4,619 — — 5,573 420 Beacon Health South Bend IN Sep. 2015 — 1,636 8,190 — — 9,826 751 Initial Costs Costs Capitalized Subsequent to Acquisition Portfolio City U.S. State/Territory or Country Acquisition Date Encumbrances at December 31, 2018 (1) Land Building and Improvements Land Building and Improvements Gross Amount at December 31, 2018 (2)(3) Accumulated Depreciation (4)(5) National Oilwell Pleasanton TX Sep. 2015 — 80 3,372 — — 3,452 320 Office Depot Venlo The Netherlands Sep. 2015 — 3,569 15,783 — — 19,352 1,554 Finnair Helsinki Finland Sep. 2015 32,501 2,575 73,384 — — 75,959 6,481 Hannibal Houston TX Sep. 2015 — 2,090 11,138 — — 13,228 953 FedEx Mankato MN Sep. 2015 — 472 6,780 — — 7,252 744 Auchan Beychac-et-Caillau France Dec. 2016 9,498 4,143 13,476 — — 17,619 914 DCNS Guipavas France Dec. 2016 10,872 1,934 14,669 — — 16,603 820 Deutsche Bank Kirchberg Luxembourg Dec. 2016 41,198 14,781 50,276 — 306 65,363 2,609 FedEx Greensboro NC Dec. 2016 — 1,820 8,252 — — 10,072 580 Foster Wheeler Reading United Kingdom Dec. 2016 — (6) 26,938 73,692 — — 100,630 3,816 Harper Collins Glasgow United Kingdom Dec. 2016 — (6) 10,061 51,391 — — 61,452 2,880 ID Logistics Landersheim France Dec. 2016 6,294 1,972 8,287 — — 10,259 458 ID Logistics Moreuil France Dec. 2016 5,722 3,044 6,157 — — 9,201 358 ID Logistics Weilbach Germany Dec. 2016 4,578 1,362 9,006 — — 10,368 475 ING Bank Amsterdam Zuidoos The Netherlands Dec. 2016 50,353 — 74,520 — 275 74,795 3,808 NCR Financial Solutions Group Dundee United Kingdom Dec. 2016 — (6) 2,560 8,189 — — 10,749 515 Pole Emploi Marseille France Dec. 2016 6,637 816 8,601 — — 9,417 443 Sagemcom Rueil Malmaison Dec. 2016 41,083 3,075 73,867 — — 76,942 3,824 Worldline SA Blois France Dec. 2016 5,722 1,156 5,502 — — 6,658 391 Cott Beverages Sikeston MO Feb. 2017 — 456 8,291 — — 8,747 409 FedEx Great Falls MT Mar. 2017 — (9) 326 5,439 — — 5,765 345 FedEx Morgantown WV Mar. 2017 — (7) 4,661 8,401 — — 13,062 421 Bridgestone Tire Mt. Olive Township NJ Sep. 2017 — (8) 916 5,088 — — 6,004 186 NSA Industries St. Johnsbury VT Oct. 2017 — (8) 270 3,858 — — 4,128 134 NSA Industries St. Johnsbury VT Oct. 2017 — (8) 210 1,753 — — 1,963 60 NSA Industries St. Johnsbury VT Oct. 2017 — (8) 300 3,936 — — 4,236 152 GKN Aerospace Blue Ash OH Oct. 2017 — (8) 790 4,079 — — 4,869 137 Tremec Wixom MI Nov. 2017 — (8) 1,002 17,376 — — 18,378 588 NSA Industries Groveton NH Dec. 2017 — (8) 59 3,517 — — 3,576 90 Cummins Omaha NE Dec. 2017 — (8) 1,448 6,469 — — 7,917 203 Government Services Administration (GSA) Gainsville FL Dec. 2017 — 451 6,016 — — 6,467 158 Chemours Pass Christian MS Feb. 2018 — 382 16,149 — — 16,531 409 Lee Steel Wyoming MI Mar. 2018 — 504 7,256 — — 7,760 143 LSI Steel Chicago IL Mar. 2018 — 3,341 1,181 — — 4,522 23 LSI Steel Chicago IL Mar. 2018 — 1,792 5,615 — — 7,407 106 Initial Costs Costs Capitalized Subsequent to Acquisition Portfolio City U.S. State/Territory or Country Acquisition Date Encumbrances at December 31, 2018 (1) Land Building and Improvements Land Building and Improvements Gross Amount at December 31, 2018 (2)(3) Accumulated Depreciation (4)(5) LSI Steel Chicago IL Mar. 2018 — 2,856 948 — — 3,804 20 Fiat Chrysler Sterling Heights MI Mar. 2018 — 1,855 13,623 — — 15,478 308 Contractors Steel Belleville MI May 2018 — 2,862 25,878 — — 28,740 416 Contractors Steel Hammond IN May 2018 — 1,970 8,859 — — 10,829 167 Contractors Steel Livonia MI May 2018 — 933 8,554 — — 9,487 127 Contractors Steel Twinsburg OH May 2018 — 729 8,707 — — 9,436 132 Contractors Steel Wyoming MI May 2018 — 970 12,426 — — 13,396 196 FedEx Blackfoot ID Jun. 2018 — 350 6,882 — — 7,232 183 DuPont Pioneer Spencer IA Jun. 2018 — 273 6,718 — — 6,991 117 Rubbermaid Akron OH Jul. 2018 — 1,221 17,145 — — 18,366 184 NetScout Allen TX Aug. 2018 — (9) 2,115 41,486 — — 43,601 439 Bush Industries Jamestown NY Sep. 2018 — 1,535 14,818 — — 16,353 100 FedEx Greenville NC Sep. 2018 — 581 9,744 — — 10,325 123 Penske Romulus MI Nov. 2018 70,000 4,701 105,826 — — 110,527 474 NSA Industries Georgetown MA Nov. 2018 — 1,100 6,059 — — 7,159 12 LKQ Corp. Cullman AL Dec. 2018 — 61 3,781 — — 3,842 — Grupo Antolin North America, Inc. Shelby Township MI Dec. 2018 — 1,941 41,648 — — 43,589 — Walgreens Pittsburgh PA Dec. 2018 — 1,701 13,718 — — 15,419 — VersaFlex Kansas City KS Dec. 2018 — 526 7,577 — — 8,103 — Encumberances allocated based on notes below 611,140 $ 1,140,113 $ 398,911 $ 2,321,534 — $ 24,903 $ 2,745,348 $ 220,225 ___________________________________ (1) These are stated principal amounts at spot rates for those in local currency and exclude $9.7 million of deferred financing costs and $0.6 million of mortgage discounts, net. (2) Acquired intangible lease assets allocated to individual properties in the amount of $675.6 million are not reflected in the table above. (3) The tax basis of aggregate land, buildings and improvements as of December 31, 2018 is $3.7 billion . Assets acquired from the Merger, retain the prior tax basis. (4) The accumulated depreciation column excludes approximately $217.7 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) These properties collateralize the UK Multi-Property Cross Collateralized Loan of $292.9 million as of December 31, 2018. (7) These properties collateralize the U.S. Multi-Property Loan I of $187.0 million as of December 31, 2018. (8) These properties collateralize the U.S. Multi-Property Loan II of $32.8 million as of December 31, 2018. (9) These properties collateralize the U.S. Multi-Property Loan III of $98.5 million as of December 31, 2018. . A summary of activity for real estate and accumulated depreciation for the years ended December 31, 2018 , 2017 and 2016 : December 31, 2018 2017 2016 Real estate investments, at cost: Balance at beginning of year $ 2,543,052 $ 2,344,634 $ 2,028,010 Additions-Acquisitions 420,529 88,231 463,327 Asset remeasurement — (8,559 ) — Asset dispositions (32,110 ) (15,145 ) — Transfer to assets held for sale (123,021 ) — — Impairment charge (1,603 ) — — Currency translation adjustment (61,499 ) 133,891 (69,640 ) Balance at end of the year $ 2,745,348 $ 2,543,052 $ 2,344,634 Accumulated depreciation: Balance at beginning of year $ 174,452 $ 111,321 $ 68,078 Depreciation expense 64,849 59,385 50,333 Asset dispositions (3,861 ) (2,122 ) (3,012 ) Transfer to assets held for sale (10,633 ) — — Currency translation adjustment (4,582 ) 5,868 (4,078 ) Balance at end of the year $ 220,225 $ 174,452 $ 111,321

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2018
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 intercompany 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.
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 multi-year outperformance agreements entered into with the Advisor in 2015 (the “2015 OPP”) and 2018 (the "2018 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 agreement and are 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, 2018 and 2017 , the Company's cumulative straight-line rents receivable in the consolidated balance sheets was $47.2 million and $42.7 million , respectively. For the years ended December 31, 2018 , 2017 and 2016 , the Company’s rental revenue included impacts of unbilled rental revenue of $6.3 million , $10.5 million and $10.6 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 an 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 both a business combination and an asset acquisition, the Company allocates the purchase price of acquired properties to tangible and identifiable intangible assets or liabilities 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 (in a business combination) 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. In a business combination, the difference between the purchase price and the fair value of identifiable net assets acquired is either recorded as goodwill or as a bargain purchase gain. In an asset acquisition, the difference between the acquisition price (including capitalized transaction costs) and the fair value of identifiable net assets acquired is allocated to the non-current assets. All acquisitions during the years ended December 31, 2018 and 2017 were asset acquisitions. 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, 2018 and 2017 . 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, most significantly that the sale is probable within one year. The Company evaluates probability of sale based on specific facts including whether a sales agreement is in place and the buyer has made significant non-refundable deposits. Properties are no longer depreciated when they are classified as held for sale. As of December 31, 2018 , we had three properties classified as held for sale (see Note 4 — Real Estate Investments, Net for additional information). As of December 31, 2017 , 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.
Gain on Dispositions of Real Estate Investments	Gain on Dispositions of Real Estate Investments Gains on sales of rental real estate after January 1, 2018 are not considered sales to customers and will generally recognized pursuant to the provisions included in ASC 610-20, Gains and Losses from the Derecognition of Nonfinancial Assets (“ASC 610-20”). Gain on sales of real estate prior to January 1, 2018 are recognized pursuant to the provisions included in ASC 360-20, Real Estate Sales (“ASC 360-20”). The specific timing of a sale was measured against various criteria in and ASC 360-20 related to the terms of the transaction and any continuing involvement in the form of management or financial assistance associated with the properties. If the sales criteria for the full accrual method are not met, depending on the circumstances, the Company may not record a sale or it may record a sale but may defer some or all of the gain recognition. If the criteria for full accrual are not met, the Company may account for the transaction by applying the finance, leasing, profit sharing, deposit, installment or cost recovery methods, as appropriate, until the sales criteria for the full accrual method are met.
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.
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.
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, 2018 .
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 Financing Costs	Deferred Financing Costs, Net Deferred financing costs, net are costs associated with the Revolving Credit Facility (as defined in Note 6 — Credit Facilities ) and 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 paid down 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.
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 (or for derivatives that do not qualify as hedges), 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 a derivative is designated and qualifies for 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 change in derivative fair value is immediately recorded 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 ). Multi-Year Outperformance Agreements Concurrent with the Listing and modifications to the Fourth Amended and Restated Advisory Agreement (the "Advisory Agreement") by and among the Company, the OP and the Advisor, the Company entered into the 2015 OPP with the Advisor. Also, in July 2018, the Company entered into the 2018 OPP, a new multi-year outperformance agreement with the Advisor (see Note 13 — Share-Based Compensation). Under the 2015 OPP, which expired on June 2, 2018, we recorded equity-based compensation expense associated with the awards over the requisite service period on a graded basis. Under the 2018 OPP, effective June 2, 2018, we record equity-based compensation evenly over the requisite service period of approximately 2.8 years from the grant date. The equity-based compensation expense is adjusted each reporting period for changes in the estimated market-related performance. Under new accounting guidance adopted by the Company on January 1, 2019 total equity-based compensation expense calculated as of adoption of the new guidance will be fixed as of that date and will not be remeasured in subsequent periods. For additional information see Recently Issued Accounting Pronouncements section below.
Income Taxes	Income Taxes The Company elected 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 and believes it has so qualified. 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 U.S. federal corporate income tax to the extent it distributes annually all of its REIT taxable income. 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. and Puerto Rico, the United Kingdom and Western Europe and, as a result, the Company or one of its subsidiaries file income tax returns in the U.S. federal jurisdiction and various states and certain foreign jurisdictions. As a result, the Company may be subject to certain federal, state, local and foreign taxes on its 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, the Company's international assets and operations, including those owned through direct or indirect subsidiaries that are disregarded entities for U.S. federal income tax purposes, 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 to be taxed as a REIT commencing with the taxable year ended December 31, 2013, it does 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 taxable income from its real estate operations in the U.S. and has historically distributed all of its REIT taxable income to its shareholders. 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, 2018 , 2017 and 2016 was $2.4 million , $2.1 million , and $2.5 million , respectively. The Company’s deferred income tax provision (benefit) for the years ended December 31, 2018 , 2017 , and 2016 was $3.3 million , $1.0 million , and $1.9 million , respectively. Deferred tax assets are net of a valuation allowance in the amounts of $3.0 million and $7.2 million as of December 31, 2018 and 2017 , 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, 2018 , 2017 and 2016 the Company recognized an income tax expense of $2.4 million , $3.1 million and $4.4 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 ("AOCI") 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 units in respect of shares of Common Stock ("RSUs"), long term incentive plan units of limited partner interest in the OP ("LTIP Units") and ordinary units of limited partner interest in the OP ("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 Under current authoritative guidance for determining earnings per share, all unvested 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 LTIP Units 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 LTIP Units from the numerator. Diluted net income per share assumes the conversion of all Common Stock share equivalents into an equivalent number of shares of Common Stock, unless the effect is anti-dilutive. The Company considers unvested RSUs, LTIP Units, and OP Units to be common share equivalents. Conditionally issuable shares relating to the 2018 OPP award (see Note 13 — Share-Based Compensation ) are included in the computation of fully diluted EPS on a weighted average basis for the year ended December 31, 2018 based on shares that would be issued if the balance sheet date were the end of the measurement period.
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 2017 and 2016 consolidated financial statements to conform to the current period presentation.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Adopted as of January 1, 2018 In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606 ), and has since issued several additional amendments thereto (collectively referred to herein as "ASC 606"). ASC 606 establishes a comprehensive model for entities to use in accounting for revenue arising from contracts with customers. Under ASC 606, 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. ASC 606 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. A reporting entity may apply the amendments in ASC 606 using either a modified retrospective approach, by recording a cumulative-effect adjustment to equity as of the beginning of the fiscal year of adoption or a full retrospective approach. The Company adopted this guidance effective January 1, 2018, for all future financial statements issued, under the modified retrospective approach and it did not have an impact on the Company's consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. Also, in February 2018, the FASB issued ASU 2018-03, Technical Corrections and Improvements to Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities , which updated guidance previously issued by ASU 2016-01. The guidance in ASU 2016-01 and 2018-01 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 Company adopted ASU 2016-01 and ASU 2018-03 effective January 1, 2018, using the modified retrospective transition method, and there was no material impact to the Company's consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments, which provides 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 Company adopted the new guidance beginning in the first quarter of 2018, with reclassification of prior period amounts, where applicable, and it did not have a significant impact on its statement of cash flows. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business , which revises the definition of a business. Amongst other things, 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. The Company early adopted the provisions of this guidance effective January 1, 2017. While the Company's acquisitions have historically been classified as either business combinations or asset acquisitions, certain acquisitions that were classified as business combinations by the Company likely would have been considered asset acquisitions under the new standard. As a result, future transaction costs are more likely to be capitalized since the Company expects most of its future acquisitions to be classified as asset acquisitions under this new standard. All of the Company's acquisitions during 2018 and 2017 have been classified as asset acquisitions. In February 2017, the FASB issued ASU 2017-05, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Assets Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets, which provides guidance related to partial sales of non-financial assets, eliminates rules specifically addressing the sales of real estate, clarifies the definition of in substance non-financial assets, removes exception to the financial asset derecognition model and clarifies the accounting for contributions of non-financial assets to joint ventures. The Company adopted this guidance effective January 1, 2018 using the modified transition method. The Company expects that any future sales of real estate in which the Company retains a non-controlling interest in the property would result in the full gain amount being recognized at the time of the partial sale. Historically, the Company has not retained any interest in properties it has sold. In May 2017, the FASB issued ASU 2017-09, Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting, which provides guidance that clarifies which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. The update states that modification accounting should be used unless the fair value of the award, the vesting terms of the award, and the classification of the award as either equity or liability, all do not change as a result of the modification. The Company adopted this guidance effective January 1, 2018 using the modified retrospective transition method. The Company expects that any future modifications to the Company's issued share-based awards will be accounted for using modification accounting, unless the modification meets all of the exception criteria noted above. As a result, the modification would be treated as an exchange of the original award for a new award, with any incremental fair value being treated as additional compensation cost. Pending Adoption as of December 31, 2018 ASU No. 2016-02 — Leases In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02"). The most significant changes in ASU 2016-02 is recognition of right-of-use ("ROU") assets and lease liabilities by lessees for those leases classified as operating leases, with less significant changes for lessors. Also, beginning in the first quarter of 2019, the new guidance requires additional disclosures that help enable users of the financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. The Company elected the practical expedient package that allows the Company: (a) to not reassess whether any expired or existing contracts entered into prior to January 1, 2019 are or contain leases; (b) to not reassess the lease classification for any expired or existing leases entered into prior to January 1, 2019; and (c) to not reassess initial direct costs for any expired or existing leases entered into prior to January 1, 2019. In addition, the Company elected to not record on its consolidated balance sheets leases whose term is less than 12 months at lease inception. ASU 2016-02 originally required a modified retrospective method of adoption, however, ASU No. 2018-11, Leases (Topic 842): Targeted Improvements ("ASU 2018-11"), provides companies with an additional transition option that would permit the application of ASU 2016-02 as of the adoption date rather than to all periods presented. The Company assessed the impact of adoption from both a lessor and lessee perspective, which is discussed in more detail below, and adopted the new guidance prospectively on January 1, 2019, as allowed under ASU 2018-11. Lessor Accounting ASU 2016-02 originally stated that companies would be required to bifurcate certain lease revenues between lease and non-lease components, however, ASU 2018-11 allows lessors a practical expedient, which we have elected, by class of underlying assets to account for lease and non-lease components as a single lease component if certain criteria are met. Additionally, only incremental direct leasing costs may be capitalized under this new guidance, which is consistent with the Company’s existing policies. Upon adoption, the new guidance did not impact the Company's revenue recognition pattern or have any other impacts on its leases in place as of January 1, 2019 in which it is the lessor. Lessee Accounting Under ASU 2016-02, companies are required to record a ROU asset and a lease liability for all leases with a term greater than 12 months equal to the present value of the remaining lease payments as of the adoption date of the new standard. Since our leases do not provide an implicit rate, we will use our incremental borrowing rate in determining the present value of lease payments. The new standard also requires lessees to apply a dual lease classification 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, as well as the balance sheet classification of the ROU asset. Leases with a term of 12 months or less will be accounted for similar to previous guidance for operating leases. The Company is a lessee for a several properties in which it has ground leases as of December 31, 2018. Since the Company has elected the practical expedients described above, it determined that its current ground leases will continue to be classified as operating leases under the new standard. As a result, the Company recorded a ROU asset and lease liability of approximately $20.0 million , which is equal to the present value of the remaining lease payments as of January 1, 2019. Future lease expense after adoption will continue to be recorded on a straight-line basis as required for operating leases. Other Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which changes how entities measure credit losses for financial assets carried at amortized cost. The update eliminates the requirement that a credit loss must be probable before it can be recognized and instead requires an entity to recognize the current estimate of all expected credit losses. Additionally, the update requires credit losses on available-for-sale debt securities to be carried as an allowance rather than as a direct write-down of the asset. The amendments become effective for reporting periods beginning after December 15, 2019. On July 25, 2018, the FASB proposed an amendment to ASU 2016-13 to clarify that operating lease receivables recorded by lessors (including unbilled straight-line rent) are explicitly excluded from the scope of ASU 2016-13. Early adoption is permitted for reporting periods beginning after December 15, 2018. The Company is currently evaluating the impact of this new guidance. In July 2017, the FASB issued ASU 2017-11, Earnings Per Share (Topic 260); Distinguishing Liabilities from Equity (Topic 480); Derivatives and Hedging (Topic 815) : (Part I) Accounting for Certain Financial Instruments with Down Round Features, (Part II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Non-Controlling Interests with a Scope Exception guidance that changes the method to determine the classification of certain financial instruments with a down round feature as liabilities or equity instruments and clarify existing disclosure requirements for equity-classified instruments. A down round feature no longer precludes equity classification when assessing whether the instrument is indexed to an entity’s own stock. As a result, a freestanding equity-linked financial instrument no longer would be accounted for as a derivative liability, rather, an entity that presents earnings per share is required to recognize the effect of the down round feature when it is triggered. That effect is treated as a dividend and as a reduction of income available to common shareholders in basic EPS. Convertible instruments with embedded conversion options that have down round features are now subject to the specialized guidance for contingent beneficial conversion features. The revised guidance is effective for annual periods and interim periods within those annual periods, beginning after December 15, 2018. The revised guidance became effective for the Company effective January 1, 2019 and it did not have an impact on the Company's consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities ("ASU 2017-12"). The purpose of this updated guidance is to better align a company’s financial reporting for hedging activities with the economic objectives of those activities. ASU 2017-12 is effective for public business entities for fiscal years beginning after December 15, 2018. The Company adopted ASU 2017-12 on January 1, 2019 using a modified retrospective transition method, as required, and recognized the cumulative effect of the change on the opening balance of each affected component of equity as of the date of adoption. The opening balance sheet adjustment specifically related to the elimination of the requirement for separate measurement of hedge ineffectiveness and resulted in a credit to accumulated deficit of $0.3 million , with a corresponding debit, or decrease, to accumulated other comprehensive income. In February 2018, the FASB issued ASU 2018-02, Income Statement- Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The new guidance addresses the impact of Tax Cuts and Jobs Act signed into law on December 22, 2017, (“Tax Cuts and Jobs Act”) on items within AOCI which do not reflect the appropriate tax rate. ASU 2018-02 allows the Company to retrospectively reclassify the income tax effects on items in AOCI to retained earnings for all periods in which the effect of the change in the U.S. federal corporate income tax rate was recognized. In addition, all companies are required to disclose whether the company has elected to reclassify the income tax effects of the Tax Cuts and Jobs Act to retained earnings and disclose information about any other income tax effects that are reclassified from AOCI by the Company. The amendments are effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. Companies are required to apply the proposed amendments either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized. The revised guidance became effective for the Company effective January 1, 2019 and it did not have an impact on the Company's consolidated financial statements. In July 2018, the FASB issued ASU 2018-07, Compensation- Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting ("ASU 2018-07") as an amendment and update expanding the scope of Topic 718. The amendment specifies that Topic 718 now applies to all share-based payment transactions, even non-employee awards, in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. Under the new guidance, a wards to nonemployees are measured on the grant date, rather than on the earlier of the performance commitment date or the date at which the nonemployee’s performance is complete. Also, the awards would be measured by estimating the fair value of the equity instruments to be issued, rather than the fair value of the goods or services received or the fair value of the equity instruments issued, whichever can be measured more reliably. In addition, entities may use the expected term to measure nonemployee awards or elect to use the contractual term as the expected term, on an award-by-award basis. The new guidance is effective for the Company in annual periods beginning after December 15, 2018, and interim periods within those annual periods, with early adoption permitted. The Company adopted the new guidance on January 1, 2019 and will apply the new rules to its non-employee award made to the Advisor pursuant to the 2018 OPP. As a result, total equity-based compensation expense calculated as of adoption of the new guidance will be fixed as of that date and will not be remeasured in subsequent periods. In addition, the expense will be recorded over the requisite service period of approximately 2.8 years from the grant date. See Note 12 — Share-Based Compensation for additional information on the awards to the Advisor pursuant to the 2018 OPP and the 2015 OPP.
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 the Company as the accounting acquirer of Global II. The consideration to be transferred by the Company 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 exceeded fair value of net assets acquired, any such excess represented 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 holders of Common Stock. 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 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, 2018 and 2017 , 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 Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Schedule of Real Estate Investments by Location	The following tables present the geographic information for Revenues and Investments in Real Estate: Year Ended December 31, (In thousands) 2018 2017 2016 Revenues: United States $ 148,588 $ 133,060 $ 133,315 United Kingdom 54,025 52,567 37,263 Europe (Finland, France, Germany, Luxembourg, and the Netherlands) 79,594 73,668 43,596 Total $ 282,207 $ 259,295 $ 214,174 As of December 31, (In thousands) 2018 2017 Investments in Real Estate: United States $ 2,073,022 $ 1,625,472 United Kingdom 586,836 621,776 Europe (Finland, France, Germany, Luxembourg, and the Netherlands) 761,041 925,429 Total $ 3,420,899 $ 3,172,677

Merger Transaction (Tables)

Merger Transaction (Tables)	12 Months Ended
	Dec. 31, 2018
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 year ended December 31, 2018 and 2017 based on the applicable exchange rate at the time of purchase. Year Ended December 31, (Dollar amounts in thousands) 2018 2017 Real estate investments, at cost: Land $ 34,291 $ 18,410 Buildings, fixtures and improvements 384,603 66,704 Total tangible assets 418,894 85,114 Acquired intangible lease assets: In-place leases 70,414 15,365 Above-market lease assets 48 235 Below-market lease liabilities (9,708 ) (1,937 ) Cash paid for acquired real estate investments $ 479,648 $ 98,777 Number of properties purchased 23 12
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 70,176 Buildings, fixtures and improvements 384,428 Acquired intangible lease assets 111,097 Total real estate investments, at fair value 565,701 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 368 Goodwill and other intangible assets, net 18,204 Total Assets Acquired at Fair Value 621,574 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 8,510 Derivatives, at fair value 3,911 Accounts payable and accrued expenses 7,212 Prepaid rent 6,001 Deferred tax liability 9,063 Taxes payable 1,661 Dividend payable 2 Total Liabilities Assumed at Fair Value 419,689 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, 2018
Real Estate [Abstract]
Allocation of Assets Acquired and Liabilities Assumed	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 year ended December 31, 2018 and 2017 based on the applicable exchange rate at the time of purchase. Year Ended December 31, (Dollar amounts in thousands) 2018 2017 Real estate investments, at cost: Land $ 34,291 $ 18,410 Buildings, fixtures and improvements 384,603 66,704 Total tangible assets 418,894 85,114 Acquired intangible lease assets: In-place leases 70,414 15,365 Above-market lease assets 48 235 Below-market lease liabilities (9,708 ) (1,937 ) Cash paid for acquired real estate investments $ 479,648 $ 98,777 Number of properties purchased 23 12
Summary of Properties Sold	The following table summarizes the aforementioned properties sold: Portfolio State Disposition Date Number of Properties Square Feet Properties Sold in 2018: Western Digital California June 8, 2018 1 286,330 Veolia Water Ohio July 31, 2018 1 70,000 2 356,330 Properties Sold in 2017: Kulicke & Soffa Pennsylvania February 17, 2017 1 88,000 Properties Sold in 2016: 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 Various (1) 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 34 851,154 ___________________________________________ (1) Consists of properties sold in Pennsylvania, Ohio and Oklahoma.
Properties Reclassified as Held For Sale	The following table details the major classes of assets associated with the properties that have been reclassified as held for sale as of December 31, 2018 . There were no assets classified as held for sale as of December 31, 2017 . (Dollar amounts in thousands) December 31, 2018 Real estate investments held for sale, at cost: Land $ 19,250 Buildings, fixtures and improvements 104,221 Total real estate assets held for sale, at cost 123,471 Less accumulated depreciation and amortization (10,569 ) Total real estate investments held for sale, net $ 112,902
Acquired Intangible Lease Assets and Lease Liabilities	Acquired intangible lease assets and lease liabilities consist of the following: December 31, 2018 December 31, 2017 (In thousands) Gross Carrying Amount Accumulated Amortization Net Carrying amount Gross Carrying Amount Accumulated Amortization Net Carrying amount Intangible assets: In-place leases $ 602,631 $ 201,344 $ 401,287 $ 552,458 $ 153,846 $ 398,612 Above-market leases 41,049 14,020 27,029 43,838 10,203 33,635 Below-market ground leases 31,871 2,384 29,487 33,330 1,427 31,903 Total acquired intangible lease assets $ 675,551 $ 217,748 $ 457,803 $ 629,626 $ 165,476 $ 464,150 Intangible liabilities: Below-market leases $ 43,708 $ 9,857 $ 33,851 $ 37,406 $ 8,079 $ 29,327 Above-market ground lease 2,108 202 1,906 2,207 146 2,061 Total acquired intangible lease liabilities $ 45,816 $ 10,059 $ 35,757 $ 39,613 $ 8,225 $ 31,388
Intangible Asset Weighted-Average Amortization Periods and Expense	The following table provides the weighted-average amortization periods as of December 31, 2018 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 2019 2020 2021 2022 2023 In-place leases 7.6 $ 56,892 $ 56,791 $ 56,236 $ 52,754 $ 45,564 Total to be included as an increase to depreciation and amortization $ 56,892 $ 56,791 $ 56,236 $ 52,754 $ 45,564 Above-market lease assets 6.5 $ 4,398 $ 4,398 $ 4,398 $ 4,363 $ 4,187 Below-market lease liabilities 9.4 (4,050 ) (4,050 ) (4,050 ) (3,956 ) (3,931 ) Total to be included as a decrease to rental income $ 348 $ 348 $ 348 $ 407 $ 256 Below-market ground lease assets 30.8 $ 1,010 $ 1,010 $ 1,010 $ 1,010 $ 1,010 Above-market ground lease liabilities 30.7 (62 ) (62 ) (62 ) (62 ) (62 ) Total to be included as an increase to property operating expense $ 948 $ 948 $ 948 $ 948 $ 948
Future Minimum Rental Payments	The following presents future minimum base rental cash payments due to the Company over the next five calendar years and thereafter as of December 31, 2018 . These amounts exclude contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes among other items. (In thousands) Future Minimum (1) 2019 $ 275,118 2020 278,651 2021 279,630 2022 270,569 2023 247,237 Thereafter 856,838 Total $ 2,208,043 ___________________________________________ (1) Assumes exchange rates of £1.00 to $1.27 for GBP and €1.00 to $1.14 for EUR as of December 31, 2018 for illustrative purposes, as applicable. Future minimum rental payments to be made by the Company under these non-cancelable ground leases, excluding increases resulting from increases in the consumer price index, are as follows: (In thousands) Future Ground Lease Payments (1) 2019 $ 1,371 2020 1,371 2021 1,371 2022 1,371 2023 1,371 Thereafter 40,519 Total (2) $ 47,374 (1) Assumes exchange rates of £1.00 to $1.27 for GBP and €1.00 to $1.14 for EUR as of December 31, 2018 for illustrative purposes, as applicable. (2) Ground lease rental payments due for the Company's ING Amsterdam lease are not included in the table above as the Company's ground for this property is prepaid through 2050.
Properties With Significant Annualized Straight-line Rental Income, 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, 2018 , 2017 and 2016 . December 31, Country / U.S. State 2018 2017 2016 United States 55.7% 48.9% 51.0% Michigan 13.7% * * United Kingdom 19.0% 22.1% 21.9%

Mortgage Notes Payable, Net (Ta

Mortgage Notes Payable, Net (Tables)	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Schedule of Mortgage Notes Payable	Mortgage notes payable as of December 31, 2018 and 2017 consisted of the following: Encumbered Properties Outstanding Loan Amount (1) Effective Interest Rate Interest Rate Country Portfolio December 31, 2018 December 31, 2017 Maturity (In thousands) (In thousands) Finland: Finnair (8) 4 $ 32,501 $ 34,022 2.2% (2) Fixed Sep. 2020 Tokmanni (8) 1 33,159 34,711 2.4% (2) Fixed Oct. 2020 France: Auchan 1 9,498 9,943 1.7% (2) Fixed Dec. 2019 Pole Emploi 1 6,637 6,948 1.7% (2) Fixed Dec. 2019 Sagemcom 1 41,083 43,006 1.7% (2) Fixed Dec. 2019 Worldline 1 5,722 5,990 1.9% (2) Fixed Jul. 2020 DCNS 1 10,872 11,381 1.5% (2) Fixed Dec. 2020 ID Logistics II 2 12,016 12,578 1.3% Fixed Jun. 2021 Germany Rheinmetall (9) 1 12,130 12,698 2.6% (2) Fixed Jan. 2019 OBI DIY (9) 1 5,150 5,391 2.4% Fixed Jan. 2019 RWE AG 3 71,524 74,872 1.6% (2) Fixed Oct. 2019 Rexam 1 5,876 6,301 1.8% (2) Fixed Oct. 2019 Metro Tonic 1 30,326 31,746 1.7% (2) Fixed Dec. 2019 ID Logistics I 1 4,578 4,792 1.0% Fixed Oct. 2021 Luxembourg: DB Luxembourg 1 41,198 43,126 1.4% (2) Fixed May 2020 The Netherlands: ING Amsterdam 1 50,353 52,710 1.7% (2) Fixed Jun. 2020 Total EUR denominated 22 372,623 390,215 United Kingdom: McDonald's — — 1,025 —% — — Wickes Building Supplies I — — 2,226 —% — — Everything Everywhere — — 5,397 —% — — Thames Water — — 8,096 —% — — Wickes Building Supplies II — — 2,626 —% — — Northern Rock — — 7,084 —% — — Wickes Building Supplies III — — 2,564 —% — — Provident Financial — — 17,203 —% — — Crown Crest — — 25,973 —% — — Aviva — — 21,183 —% — — Bradford & Bingley — — 10,200 —% — — Intier Automotive Interiors — — 6,375 —% — — Capgemini — — 6,381 —% — — Fujitsu — — 33,435 —% — — Amcor Packaging — — 4,218 —% — — Fife Council — — 2,474 —% — — Malthrust — — 4,318 —% — — Talk Talk — — 5,161 —% — — HBOS — — 7,272 —% — — DFS Trading — — 13,680 —% — — DFS Trading — — 3,203 —% — — HP Enterprise Services — — 12,531 —% — — Foster Wheeler — — 53,026 —% — — Harper Collins — — 37,880 —% — — NCR Dundee — — 7,610 —% — — UK Multi-Property Cross Collateralized Loan 43 292,890 — 3.2% (3) Fixed Aug. 2023 Total GBP denominated 43 292,890 301,141 United States: Quest Diagnostics 1 52,800 52,800 4.4% (4) Variable Sep. 2019 Western Digital — — 17,363 —% (5) — — AT&T Services 1 33,550 33,550 2.0% (6) Variable Dec. 2020 FedEx Freight — — 6,165 —% — — Veolia Water — — 4,110 —% — — Penske Logistics 1 70,000 — 4.7% Fixed Nov. 2028 U.S. Multi-Tenant Mortgage Loan I 12 187,000 187,000 4.4% Fixed Nov. 2027 U.S Multi-Tenant Mortgage Loan II 8 32,750 — 4.4% Fixed Feb. 2028 U.S. Multi-Tenant Mortgage Loan III 7 98,500 — 4.9% Fixed Dec. 2028 Total USD denominated 30 474,600 300,988 Gross mortgage notes payable 95 1,140,113 992,344 3.2% Mortgage discount (569 ) (1,927 ) — Deferred financing costs, net of accumulated amortization (7) (9,737 ) (5,541 ) — Mortgage notes payable, net of deferred financing costs 95 $ 1,129,807 $ 984,876 3.2% _________________________ (1) Amounts borrowed in local currency and translated at the spot rate in effect at the applicable reporting date. (2) Fixed as a result of an interest rate swap agreement. (3) 80% fixed as a result of an interest rate swap agreement and 20% variable. Variable portion is approximately 2.0% plus 3-month GBP LIBOR. LIBOR rate in effect is as of December 31, 2018 . (4) The interest rate is 2.0% plus 1-month LIBOR. LIBOR rate in effect is as of December 31, 2018 . (5) The debt prepayment costs associated with the sale of Western Digital were $1.3 million. (6) The interest rate is 2.0% plus 1- month Adjusted LIBOR as defined in the mortgage agreement. LIBOR rate in effect is as of December 31, 2018 . (7) 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 paid down 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. (8) The Company's two outstanding mortgage loans encumbering all five properties the Company owns in Finland were refinanced in February 2019. See Note 16 — Subsequent Events for additional information. (9) These loans were repaid in full upon their maturity in January 2019.
Future Principal Payments on Mortgage Notes Payable	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, 2018 : (In thousands) Future Principal Payments (1) 2019 $ 235,026 2020 209,873 2021 28,929 2022 19,102 2023 258,933 Thereafter 388,250 Total $ 1,140,113 _________________________ (1) Assumes exchange rates of £1.00 to $1.27 for GBP and €1.00 to $1.14 for EUR as of December 31, 2018 for illustrative purposes, as applicable.

Credit Facilities (Tables)

Credit Facilities (Tables)	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Schedule of Line of Credit Facilities	The table below details the outstanding balances as of December 31, 2018 and December 31, 2017 under the credit agreement with KeyBank National Association (“KeyBank”), as agent, and the other lender parties thereto, which provides for a $632.0 million senior unsecured multi-currency revolving credit facility (the “Revolving Credit Facility”) and a €246.5 million ( $282.1 million U.S. Dollar ("USD") based on the prevailing exchange rate as of December 31, 2018 ) senior unsecured term loan facility (the “Term Loan” and, together with the Revolving Credit Facility, the “Credit Facility”). December 31, 2018 December 31, 2017 (In thousands) TOTAL USD (1) USD GBP EUR TOTAL USD (2) USD GBP EUR Revolving Credit Facility $ 363,894 $ 278,625 £ 40,000 € 30,000 $ 298,909 $ 209,000 £ 40,000 € 30,000 Term Loan 282,069 — — 246,481 233,165 — — 194,637 Deferred financing costs (3,342 ) — — — (3,260 ) — — — Term Loan, Net 278,727 — — 246,481 229,905 — — 194,637 Total Credit Facility $ 642,621 $ 278,625 £ 40,000 € 276,481 $ 528,814 $ 209,000 £ 40,000 € 224,637 (1) Assumes exchange rates of £1.00 to $1.27 for GBP and €1.00 to $1.14 for EUR as of December 31, 2018 for illustrative purposes, as applicable. (2) Assumes exchange rates of £1.00 to $1.35 for GBP and €1.00 to $1.20 for EUR as of December 31, 2017 for illustrative purposes, as applicable.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2018
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, 2018 and 2017 , 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, 2018 Foreign currency forwards, net (GBP & EUR) $ — $ 5,472 $ — $ 5,472 Interest rate swaps, net (GBP & EUR) $ — $ (628 ) $ — $ (628 ) 2018 OPP (1) $ — $ — $ (18,804 ) $ (18,804 ) December 31, 2017 Cross currency swaps, net (GBP & EUR) $ — $ (4,511 ) $ — $ (4,511 ) Foreign currency forwards, net (GBP & EUR) $ — $ (2,737 ) $ — $ (2,737 ) Interest rate swaps, net (GBP & EUR) $ — $ (6,450 ) $ — $ (6,450 ) Put options (GBP & EUR) $ — $ 63 $ — $ 63 2015 OPP (see Note 13 ) $ — $ — $ (1,600 ) $ (1,600 ) (1) Effective with the adoption of ASU 2018-07 on January 1, 2019, the 2018 OPP will no longer be measured at fair market value on a recurring basis (see Note 2 — Summary of Significant Accounting Policies — Recently Issued Accounting Pronouncements and see Note 13 — Share-Based Compensation for additional information).
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, 2018 : (In thousands) 2018 OPP 2015 OPP Beginning Value as of December 31, 2017 $ — $ 1,600 Initial value 27,600 — Fair value adjustment (8,796 ) (1,600 ) Ending Value as of December 31, 2018 $ 18,804 $ —
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, 2018 Principal Valuation Technique Unobservable Inputs Input Value (In thousands) 2018 OPP $ 18,804 Monte Carlo Simulation Expected volatility 23.0%
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 audited consolidated balance sheets are reported below. December 31, 2018 December 31, 2017 (In thousands) Level Carrying Amount Fair Value Carrying Amount Fair Value Mortgage notes payable (1) (2) 3 $ 1,129,807 $ 1,157,710 $ 984,876 $ 963,751 Revolving Credit Facility (3) 3 $ 363,894 $ 365,591 $ 298,909 $ 297,890 Term Loan (3) (4) 3 $ 278,727 $ 283,558 $ 229,905 $ 233,916 ______________ (1) Carrying value includes $1,140.1 million gross mortgage notes payable less $0.6 million of mortgage discounts and $9.7 million of deferred financing costs as of December 31, 2018 . (2) Carrying value includes $992.3 million gross mortgage notes payable less $1.9 million of mortgage discounts and $5.5 million of deferred financing costs as of December 31, 2017 . (3) Both the Revolving Credit Facility and Term Loan are part of the Credit Facility (see Note 6 - Credit Facilities for more information). (4) Carrying value includes $282.1 million and $233.2 million gross Term Loan payable less $3.3 million and $3.3 million of deferred financing costs as of December 31, 2018 and 2017 , respectively.

Derivative and Hedging Activi_2

Derivative and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2018
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 audited consolidated balance sheets as of December 31, 2018 and 2017 : December 31, (In thousands) Balance Sheet Location 2018 2017 Derivatives designated as hedging instruments: Foreign currency forwards (EUR-USD) Derivative liabilities, at fair value $ — $ (304 ) Cross currency swaps (EUR) Derivative liabilities, at fair value — (3,328 ) Cross currency swaps (GBP) Derivative liabilities, at fair value — (1,183 ) Interest rate swaps (USD) Derivative assets, at fair value 3,258 2,093 Interest rate swaps (GBP) Derivative liabilities, at fair value (1,157 ) (3,713 ) Interest rate swaps (EUR) Derivative liabilities, at fair value (1,443 ) (2,446 ) Total $ 658 $ (8,881 ) Derivatives not designated as hedging instruments: Foreign currency forwards (GBP-USD) Derivative assets, at fair value $ 3,247 $ 20 Foreign currency forwards (GBP-USD) Derivative liabilities, at fair value — (1,175 ) Foreign currency forwards (EUR-USD) Derivative assets, at fair value 2,225 — Foreign currency forwards (EUR-USD) Derivative liabilities, at fair value — (1,258 ) Put options (GBP) Derivative assets, at fair value — 63 Interest rate swaps (EUR) Derivative liabilities, at fair value (1,286 ) (2,384 ) Total $ 4,186 $ (4,734 )
Schedule of Interest Rate Derivatives	As of December 31, 2018 and 2017 , the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk: December 31, 2018 December 31, 2017 Derivatives Number of Instruments Notional Amount Number of Instruments Notional Amount (In thousands) (In thousands) Interest rate swaps (GBP) 48 $ 234,312 19 $ 301,155 Interest rate swaps (EUR) 13 212,255 13 222,190 Interest rate swaps (USD) 3 150,000 3 150,000 Total 64 $ 596,567 35 $ 673,345
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The table below details the location in the consolidated financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the years ended December 31, 2018 , 2017 and 2016 : Year Ended December 31, (In thousands) 2018 2017 2016 Amount of gain (loss) recognized in AOCI from derivatives (effective portion) $ 2,739 $ (12,893 ) $ (12,634 ) Amount of loss reclassified from AOCI into income as interest expense (effective portion) $ (3,746 ) $ (6,029 ) $ (5,318 ) Amount of loss recognized on derivative instruments (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing) $ (559 ) $ (931 ) $ (99 )
Schedule of Foreign Currency Derivatives	As of December 31, 2018 the Company did not have foreign currency derivatives that were designated as net investment hedges used to hedge its net investments in foreign operation. As of December 31, 2017 , the Company had the following outstanding foreign currency derivatives that were designated as net investment hedges used to hedge its net investments in foreign operations: December 31, 2017 Derivatives Number of Instruments Notional Amount (In thousands) Cross currency swaps (EUR-USD) 3 $ 43,222 Cross currency swaps (GBP-USD) 1 66,282 Foreign currency forwards (EUR-USD) 1 12,099 Total 5 $ 121,603
Disclosure of Credit Derivatives	As of December 31, 2018 and 2017 , the Company had the following outstanding derivatives that were not designated as hedges under qualifying hedging relationships: December 31, 2018 December 31, 2017 Derivatives Number of Instruments Notional Amount Number of Instruments Notional Amount (In thousands) (In thousands) Foreign currency forwards (GBP - USD) 50 $ 43,000 24 $ 32,116 Foreign currency forwards (EUR - USD) 38 39,500 22 35,712 Interest rate swaps (EUR) 5 138,625 6 414,093 Options (GBP-USD) — — 1 675 Options (EUR-USD) — — 5 9,250 Total 93 $ 221,125 58 $ 491,846
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, 2018 and 2017 . 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 audited 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, 2018 $ 8,730 $ (3,886 ) $ — $ 4,844 $ — $ — $ 4,844 December 31, 2017 $ 2,176 $ (15,791 ) $ — $ (13,615 ) $ — $ — $ (13,615 )

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2018
Equity [Abstract]
Schedule of Distributions From Tax Perspective	The following table details from a tax perspective, the portion of a common stock dividends classified as return of capital and ordinary dividend income, per share per annum: Year Ended December 31, (In thousands) 2018 2017 2016 Return of capital $ 1.57 73.7 % $ 0.39 18.3 % $ 1.32 62.0 % Ordinary dividend income 0.56 26.3 % 1.74 81.7 % 0.81 38.0 % Total $ 2.13 100.0 % $ 2.13 100.0 % $ 2.13 100.0 %

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Future Minimum Rental Payments	The following presents future minimum base rental cash payments due to the Company over the next five calendar years and thereafter as of December 31, 2018 . These amounts exclude contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes among other items. (In thousands) Future Minimum (1) 2019 $ 275,118 2020 278,651 2021 279,630 2022 270,569 2023 247,237 Thereafter 856,838 Total $ 2,208,043 ___________________________________________ (1) Assumes exchange rates of £1.00 to $1.27 for GBP and €1.00 to $1.14 for EUR as of December 31, 2018 for illustrative purposes, as applicable. Future minimum rental payments to be made by the Company under these non-cancelable ground leases, excluding increases resulting from increases in the consumer price index, are as follows: (In thousands) Future Ground Lease Payments (1) 2019 $ 1,371 2020 1,371 2021 1,371 2022 1,371 2023 1,371 Thereafter 40,519 Total (2) $ 47,374 (1) Assumes exchange rates of £1.00 to $1.27 for GBP and €1.00 to $1.14 for EUR as of December 31, 2018 for illustrative purposes, as applicable. (2) Ground lease rental payments due for the Company's ING Amsterdam lease are not included in the table above as the Company's ground for this property is prepaid through 2050.

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
Schedule of Amount Contractually Due and Forgiven in Connection With Operation Related Services	The following table reflects related party fees, as described above, incurred, forgiven and contractually due as of and for the periods presented: Year Ended December 31, 2018 2017 2016 (Receivable) Payable as of December 31, (In thousands) Incurred Forgiven Incurred Forgiven Incurred Forgiven 2018 2017 One-time fees and reimbursements: Fees on gain from sale of investments $ — $ — $ — $ 875 $ 923 $ — $ 49 (4) $ 49 (4) Financing coordination fees (1) — — — — 16 — — — Ongoing fees (7)(8) : Asset management fees (2) 23,212 — 21,353 — 18,230 — — 240 (4) Property management fees (3) 5,022 — 4,281 1,177 3,802 2,281 — 59 (4) (5) Total related party operational fees and reimbursements $ 28,234 $ — $ 25,634 $ 2,052 $ 22,971 $ 2,281 $ 49 $ 348 (6) ___________________________________________________________________________ (1) These related party fees are recorded as deferred financing costs and amortized over the term of the respective financing arrangement. (2) The Advisor, in accordance with the Advisory Agreement, received asset management fees in cash equal to the annual Minimum Base Management Fee of $18.0 million and the Variable Base Management Fee. The Variable Base Management Fee was $5.2 million , $3.4 million and $0.2 million for the years ended December 31, 2018 , 2017 and 2016 , respectively. (3) For all periods through the six months ended June 30, 2017, the Advisor waived 100% of fees from U.S. assets and its allocated portion of fees from European assets. (4) Balance included within due to related parties on the audited consolidated balance sheets as of December 31, 2018 and 2017. (5) Prepaid property management fees of $0.2 million as of December 31, 2017 are not included in the table above and are included in the prepaid expenses and other assets on the consolidated balance sheet. (6) In addition, as of December 31, 2017, due to related parties include $0.3 million of costs accrued for Global II Advisor and transfer agent fees which were assumed through the Merger, $0.1 million of costs accrued for transfer agent fees and $0.1 million of costs relating to RCS Advisory Services, LLC, all of which are not reflected in the table above. (7) The Company incurred general and administrative costs and other expense reimbursements of approximately $1.1 million , $0.1 million and $0.2 million for the years ended December 31, 2018 , 2017 and 2016 , respectively, which are recorded within general and administrative expenses on the audited consolidated statements of operations and are not reflected in the table above. (8) In order to improve operating cash flows and the ability to pay dividends from operating cash flows, the Advisor or the Property Manager may forgive certain fees including asset management and property management fees. Because the Advisor or the Property Manager may forgive certain fees, cash flow from operations that would have been paid to the Advisor or the Property Manager 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 or the Property Manager at any point in the future.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2018
Share-based Compensation [Abstract]
Schedule of Restricted Share Award Activity	The following table reflects RSU activity for the years ended December 31, 2018 , 2017 and 2016 . Number of Restricted Shares Weighted-Average Issue Price Unvested, December 31, 2015 62,646 $ 25.70 Granted 12,211 22.59 Vested (13,758 ) 25.77 Unvested, December 31, 2016 61,099 25.07 Granted 13,861 22.54 Vested (25,848 ) 25.25 Unvested, December 31, 2017 49,112 24.29 Granted 17,039 18.34 Vested (19,799 ) 24.40 Unvested, December 31, 2018 46,352 22.04
Schedule of Share Based Compensation Total Return	Half of the Award LTIP Units (the “Relative TSR LTIP Units”) will be eligible to be earned as of the Valuation Date if the amount, expressed in terms of basis points (bps), whether positive or negative, by which the Company’s absolute TSR on the Valuation Date exceeds the average TSR of a peer group consisting of Lexington Realty Trust, W.P. Carey Inc. and (following an amendment to the 2018 OPP in February 2019 in light of the effectiveness of a merger of two members of the peer group, Government Properties Income Trust and Select Income REIT, with Government Properties Income Trust surviving the merger renamed as Office Properties Income Trust) Office Properties Income Trust as of the Valuation Date as follows: Performance Level (% of Relative TSR LTIP Units Earned) Relative TSR Excess Number of Absolute TSR LTIP Units Earned Below Threshold — % Less than -600 basis points — Threshold 25 % -600 basis points 319,366 Target 50 % — basis points 638,733 Maximum 100 % +600 basis points 1,277,465 he Advisor was 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 June 2, 2015, based on the Company’s achievement of certain levels of absolute TSR and the amount by which the Company's absolute TSR exceeded the average TSR of a peer group for the three-year performance period commencing on June 2, 2015 (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” was comprised of Gramercy Property Trust Inc., Lexington Realty Trust, Select Income REIT, and W.P. Carey Inc. Half of the Award LTIP Units (the “Absolute TSR LTIP Units”) will be eligible to be earned as of the last day of the Performance Period (the “Valuation Date”) if the Company achieves an absolute TSR with respect to threshold, target and maximum performance goals for the Performance Period as follows: Performance Level (% of Absolute TSR LTIP Units Earned) Absolute TSR Number of Absolute TSR LTIP Units Earned Below Threshold — % Less than 24 % — Threshold 25 % 24 % 319,366 Target 50 % 30 % 638,733 Maximum 100 % 36 % or higher 1,277,465

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following is a summary of the basic and diluted net income per share computation for the years ended December 31, 2018 , 2017 and 2016 : Year Ended December 31, (In thousands, except share and per share data) 2018 2017 2016 Net income attributable to common stockholders $ 1,082 $ 20,731 $ 47,140 Adjustments to net income attributable to common stockholders for common share equivalents (689 ) (742 ) (773 ) Adjusted net income attributable to common stockholders $ 393 $ 19,989 $ 46,367 Basic and diluted net income per share attributable to common stockholders $ 0.01 $ 0.30 $ 0.82 Basic weighted average common shares outstanding 69,411,061 66,877,620 56,720,448 Diluted weighted average common shares outstanding 69,663,208 66,877,620 56,720,448
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	For the years ended December 31, 2018 , 2017 and 2016 , the following common share equivalents on a weighted average basis were excluded from the calculation of diluted earnings per share: December 31, 2018 2017 2016 Unvested RSUs 46,352 49,112 61,099 OP Units (1) — — 181,841 LTIP Units (2) 970,173 3,013,933 3,013,933 Total anti-dilutive common share equivalents 1,016,525 3,063,045 3,256,873 (1) On April 3, 2017, all remaining OP Units were converted into Common Stock.

Quarterly Results (Unaudited) (

Quarterly Results (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2018
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, 2018 and 2017 : (In thousands, except share and per share data) Quarters Ended 2018 March 31, June 30, September 30, December 31, (1) Total revenue $ 68,086 $ 70,971 $ 71,924 $ 71,226 Net income (loss) attributable to common stockholders $ 2,361 $ 5,288 $ 177 $ (6,744 ) Adjustments to net income (loss) attributable to common stockholders for common share equivalents (184 ) (26 ) (316 ) (163 ) Adjusted net income (loss) attributable to common stockholders $ 2,177 $ 5,262 $ (139 ) $ (6,907 ) Basic weighted average shares outstanding 67,287,231 67,292,021 69,441,639 73,554,137 Diluted weighted average shares outstanding 67,287,231 67,292,021 69,441,639 74,001,250 Basic and diluted net income (loss) per share attributable to common stockholders $ 0.03 $ 0.08 $ — $ (0.09 ) (In thousands, except share and per share data) Quarters Ended 2017 March 31, June 30, (2) September 30, December 31, Total revenue $ 62,837 $ 64,986 $ 64,870 $ 66,602 Net income attributable to common stockholders $ 7,429 $ 5,200 $ 2,104 $ 5,998 Adjustments to net income attributable to common stockholders for common share equivalents (185 ) (185 ) (186 ) (186 ) Adjusted net income attributable to common stockholders $ 7,244 $ 5,015 $ 1,918 $ 5,812 Basic and diluted weighted average shares outstanding 66,271,008 66,652,221 67,286,615 67,286,822 Basic and diluted net income per share attributable to common stockholders $ 0.11 $ 0.08 $ 0.03 $ 0.09 _______________________ (1) During the three months ended December 31, 2018, the Company recorded (i) impairment charges and related lease intangible write-offs of lease intangibles of $5.0 million which are more fully discussed in Note 4 — Real Estate Investments, Net and (ii) a litigation reserve of $7.4 million related to the anticipated settlement of the litigation with the Former Service Provider, which is more fully discussed in Note 10 — Commitments and Contingencies. (2) As discussed in Note 2 — Summary of Significant Accounting Policies , the Company reflected an out-of-period adjustment $0.5 million in the three months ended June 30, 2017 for additional rental income and unbilled straight-line rent.

Organization (Details)

Organization (Details) ft² in Millions	12 Months Ended
	Dec. 31, 2018ft²property	Dec. 31, 2017	Dec. 31, 2016
Operations [Line Items]
Number of real estate properties (property) | property	342
Rentable square feet (sqft) | ft²	27.5
Occupancy rate	99.20%
Weighted average remaining lease term	8 years 3 months
United States
Operations [Line Items]
Number of real estate properties (property)	2
Entity wide revenue percentage	55.70%	48.90%	51.00%
Europe
Operations [Line Items]
Number of real estate properties (property)	10
Target portfolio investment	44.30%
United Kingdom
Operations [Line Items]
Number of real estate properties (property)	3
Entity wide revenue percentage	19.00%	22.10%	21.90%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) $ in Thousands, ft² in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2017USD ($)	Dec. 31, 2018USD ($)ft²tenantsegmentproperty	Dec. 31, 2017USD ($)property	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Jan. 01, 2019USD ($)
Summary Of Significant Accounting Policies [Line Items]
Straight-line rents receivable		$ 47,183	$ 42,739
Unbilled rental revenue		$ 6,310	$ 10,537	$ 10,613
Number of real estate properties held for sale (property) | property		3	0
Useful life, buildings		40 years
Useful life, land improvements		15 years
Useful life, fixtures and improvements		5 years
Cash and cash equivalents		$ 100,324	$ 102,425
Cash in excess of FDIC limit		14,300	48,800
Cash in excess of FSCS limit		35,400	18,500
Cash in excess of European limits		41,800	25,800
Restricted cash		3,369	5,302
Current income tax provision		2,400	2,100	2,500
Deferred income tax provision (benefit)		3,300	1,000	1,900
Valuation allowance		3,000	7,200
Income tax expense (benefit)		$ 2,434	3,140	4,422
Number of reportable segments (segment) | segment		1
Number of real estate properties (property) | property		342
Number of tenants (tenant) | tenant		111
Occupancy rate		99.20%
Rentable square feet (sqft) | ft²		27.5
Reduction in income tax payable		$ (2,228)	(2,475)
Adjustments to comprehensive income (loss) attributable to common stockholders		(11,555)	56,873	34,094
Retained earnings		(615,448)	(468,396)
Accumulated other comprehensive income (loss)		$ 6,810	19,447
Minimum
Summary Of Significant Accounting Policies [Line Items]
Lease-up period		12 months
Maximum
Summary Of Significant Accounting Policies [Line Items]
Lease-up period		18 months
Subsequent Event | Accounting Standards Update 2017-12
Summary Of Significant Accounting Policies [Line Items]
Retained earnings							$ 300
Accumulated other comprehensive income (loss)							(300)
Subsequent Event | Accounting Standards Update 2016-02
Summary Of Significant Accounting Policies [Line Items]
ROU asset							20,000
Lease liability							$ 20,000
Adjustment
Summary Of Significant Accounting Policies [Line Items]
Unbilled rental revenue	$ 500		$ 500
Reduction in income tax payable				4,700
Adjustments to comprehensive income (loss) attributable to common stockholders				2,900	$ 1,900	$ (100)
Accumulated other comprehensive income (loss)				$ 4,700
Multi-Year Outperformance Plan
Summary Of Significant Accounting Policies [Line Items]
Equity based compensation, requisite service period		2 years 9 months 35 days

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Geographic Distribution of Real Estate Investments (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Revenues	$ 71,226	$ 71,924	$ 70,971	$ 68,086	$ 66,602	$ 64,870	$ 64,986	$ 62,837	$ 282,207	$ 259,295	$ 214,174
Investments in Real Estate	3,420,899				3,172,677				3,420,899	3,172,677
Real Estate Investing
Segment Reporting Information [Line Items]
Revenues									282,207	259,295	214,174
Investments in Real Estate	3,420,899				3,172,677				3,420,899	3,172,677
Real Estate Investing | United States
Segment Reporting Information [Line Items]
Revenues									148,588	133,060	133,315
Investments in Real Estate	2,073,022				1,625,472				2,073,022	1,625,472
Real Estate Investing | United Kingdom
Segment Reporting Information [Line Items]
Revenues									54,025	52,567	37,263
Investments in Real Estate	586,836				621,776				586,836	621,776
Real Estate Investing | Europe
Segment Reporting Information [Line Items]
Revenues									79,594	73,668	$ 43,596
Investments in Real Estate	$ 761,041				$ 925,429				$ 761,041	$ 925,429

Merger Transaction - Narrative

Merger Transaction - Narrative (Details)	Dec. 22, 2016USD ($)installment$ / sharesshares	Dec. 16, 2016USD ($)shares	Dec. 31, 2018USD ($)$ / shares	Dec. 31, 2017$ / shares	Dec. 21, 2016$ / shares
Business Acquisition [Line Items]
Common stock, par value (in dollars per share)			$ 0.01	$ 0.01
The Letter Agreement
Business Acquisition [Line Items]
Reimbursement from related party | $	$ 5,100,000	$ 6,300,000	$ 0
Percent over gross offering proceeds to trigger Advisor reimbursement		2.00%
Period of installments		8 months
Multiple for valuing Class B Units		2.27
Period for valuing Class B Units		30 days
Number of equal cash installments (installment) | installment	8
Class B Units | The Letter Agreement
Business Acquisition [Line Items]
Number of shares as reimbursement (in shares) | shares		66,344
Merger Agreement
Business Acquisition [Line Items]
Equity consideration (in shares) | shares	9,600,000
Value of consideration | $	$ 220,868,000
Merger Agreement | Common Stock
Business Acquisition [Line Items]
Common stock conversion ratio	2.27
Share price (in dollars per share)					$ 23.10
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 (in dollars per share)	$ 0.01

Merger Transaction - Considerat

Merger Transaction - Consideration Transferred (Details) - Merger Agreement $ in Thousands	Dec. 22, 2016USD ($)
Fair Value of Consideration Transferred:
Cash	$ 0
Common Stock	220,868
Total Consideration Transferred	$ 220,868

Merger Transaction - Assets Acq

Merger Transaction - Assets Acquired and Liabilities Assumed (Details) - Merger Agreement $ in Thousands	Dec. 22, 2016USD ($)
Total Consideration:
Fair value of Company's shares of Common Stock issued, net of fractional shares	$ 220,868
Assets Acquired at Fair Value
Land	70,176
Buildings, fixtures and improvements	384,428
Acquired intangible lease assets	111,097
Total real estate investments, at fair value	565,701
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	368
Goodwill and other intangible assets, net	18,204
Total Assets Acquired at Fair Value	621,574
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	8,510
Derivatives, at fair value	3,911
Accounts payable and accrued expenses	7,212
Prepaid rent	6,001
Deferred tax liability	9,063
Taxes payable	1,661
Dividend payable	2
Total Liabilities Assumed at Fair Value	419,689
Net assets acquired excluding cash	201,885
Cash acquired on acquisition	$ 18,983

Real Estate Investments, Net -

Real Estate Investments, Net - Narrative (Details) € in Millions, £ in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	Jan. 31, 2018EUR (€)	Dec. 31, 2017GBP (£)	Dec. 31, 2018USD ($)property	Dec. 31, 2017USD ($)property	Dec. 31, 2016USD ($)property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment charges for the intangible assets				$ 0	$ 0
Number of properties sold (property) | property					34
(Loss) gain on dispositions of real estate investments			$ (5,751,000)	1,089,000	$ 13,341,000
Proceeds from dispositions of real estate investments			$ 23,717,000	$ 12,292,000	107,789,000
Gains on dispositions of real estate investments, before offset					14,300,000
Properties with tenant financial difficulties (property) | property			6
Impairment charges and related lease intangible write-offs			$ 1,600,000
Lease intangible write-off			$ 3,400,000
Number of real estate properties held for sale (property) | property			3	0
Advisor
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Loss) gain on dispositions of real estate investments				$ 800,000	$ 1,000,000
Kulicke & Soffa
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties sold (property) | property				1
(Loss) gain on dispositions of real estate investments				$ 400,000
Proceeds from dispositions of real estate investments				$ 12,300,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties sold (property) | property			2
Total contract price			$ 25,300,000
(Loss) gain on dispositions of real estate investments			(5,800,000)
Gain (Loss) on termination of lease			3,000,000
Mortgage notes payable
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Repayments of debt	€ 0.1	£ 0.8	$ 1,700,000

Real Estate Investments, Net _2

Real Estate Investments, Net - Property Acquisitions (Details) $ in Thousands	Nov. 14, 2018USD ($)	Dec. 31, 2018USD ($)property	Dec. 31, 2017USD ($)property
Real estate investments, at cost:
Land		$ 34,291	$ 18,410
Buildings, fixtures and improvements	$ 126,600	384,603	66,704
Total tangible assets		418,894	85,114
Acquired intangible lease assets:
Cash paid for acquired real estate investments		$ 479,648	$ 98,777
Number of properties purchased | property		23	12
In-place leases
Acquired intangible lease assets:
Assets acquired		$ 70,414	$ 15,365
Above-market lease assets
Acquired intangible lease assets:
Assets acquired		48	235
Below-market lease liabilities
Acquired intangible lease assets:
Below-market lease liabilities		$ (9,708)	$ (1,937)

Real Estate Investments, Net _3

Real Estate Investments, Net - Real Estate Dispositions (Details)	12 Months Ended
	Dec. 31, 2018ft²property	Dec. 31, 2017ft²property	Dec. 31, 2016ft²property
Real Estate [Line Items]
Number of properties sold (property) | property			34
Square Feet (sqft) | ft²	27,500,000
Western Digital
Real Estate [Line Items]
Number of properties sold (property) | property	1
Square Feet (sqft) | ft²	286,330
Veolia Water
Real Estate [Line Items]
Number of properties sold (property) | property	1
Square Feet (sqft) | ft²	70,000
Properties Sold in 2018
Real Estate [Line Items]
Number of properties sold (property) | property	2
Square Feet (sqft) | ft²	356,330
Kulicke & Soffa
Real Estate [Line Items]
Number of properties sold (property) | property		1
Square Feet (sqft) | ft²		88,000
Fresenius II
Real Estate [Line Items]
Number of properties sold (property) | property			1
Square Feet (sqft) | ft²			6,192
Garden Ridge
Real Estate [Line Items]
Number of properties sold (property) | property			1
Square Feet (sqft) | ft²			119,258
Dollar General
Real Estate [Line Items]
Number of properties sold (property) | property			1
Square Feet (sqft) | ft²			9,026
Dollar General - Choctaw
Real Estate [Line Items]
Number of properties sold (property) | property			1
Square Feet (sqft) | ft²			9,100
Dollar Tree - 8-Pack
Real Estate [Line Items]
Number of properties sold (property) | property			8
Square Feet (sqft) | ft²			63,510
Dollar General - Allentown
Real Estate [Line Items]
Number of properties sold (property) | property			1
Square Feet (sqft) | ft²			9,026
Dollar General - Uniontown
Real Estate [Line Items]
Number of properties sold (property) | property			1
Square Feet (sqft) | ft²			9,014
Dollar General - 15-Pack
Real Estate [Line Items]
Number of properties sold (property) | property			15
Square Feet (sqft) | ft²			145,938
Fresenius I
Real Estate [Line Items]
Number of properties sold (property) | property			1
Square Feet (sqft) | ft²			10,155
Garden Ridge
Real Estate [Line Items]
Number of properties sold (property) | property			1
Square Feet (sqft) | ft²			140,381
Hotel Winston
Real Estate [Line Items]
Number of properties sold (property) | property			1
Square Feet (sqft) | ft²			24,283
Garden Ridge, Arizona
Real Estate [Line Items]
Number of properties sold (property) | property			1
Square Feet (sqft) | ft²			143,271
Garden Ridge, Kentucky
Real Estate [Line Items]
Number of properties sold (property) | property			1
Square Feet (sqft) | ft²			162,000
Properties Sold in 2016
Real Estate [Line Items]
Number of properties sold (property) | property			34
Square Feet (sqft) | ft²			851,154

Real Estate Investments, Net _4

Real Estate Investments, Net - Assets Reclassified (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Real Estate [Abstract]
Land	$ 19,250
Buildings, fixtures and improvements	104,221
Total real estate assets held for sale, at cost	123,471
Less accumulated depreciation and amortization	(10,569)
Total real estate investments held for sale, net	$ 112,902	$ 0

Real Estate Investments, Net _5

Real Estate Investments, Net - Intangible Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Intangible assets:
Gross Carrying Amount	$ 675,551	$ 629,626
Accumulated Amortization	217,748	165,476
Net Carrying amount	457,803	464,150
Intangible liabilities:
Gross Carrying Amount. Below-market leases	43,708	37,406
Accumulated Amortization, Below-market leases	9,857	8,079
Net Carrying amount, Below-market leases	33,851	29,327
Gross Carrying Amount, Above-market ground lease	2,108	2,207
Accumulated Amortization, Above-market ground lease	202	146
Net Carrying amount, Above-market ground lease	1,906	2,061
Gross Carrying Amount	45,816	39,613
Accumulated Amortization	10,059	8,225
Net Carrying amount	35,757	31,388
In-place leases
Intangible assets:
Gross Carrying Amount	602,631	552,458
Accumulated Amortization	201,344	153,846
Net Carrying amount	401,287	398,612
Above-market lease assets
Intangible assets:
Gross Carrying Amount	41,049	43,838
Accumulated Amortization	14,020	10,203
Net Carrying amount	27,029	33,635
Below-market ground leases
Intangible assets:
Gross Carrying Amount	31,871	33,330
Accumulated Amortization	2,384	1,427
Net Carrying amount	$ 29,487	$ 31,903

Real Estate Investments, Net _6

Real Estate Investments, Net - Amortization Periods and Projected Amortization Expense for Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Real Estate [Line Items]
Amortization of intangibles	$ 54,733	$ 53,663	$ 44,122
2019 | Depreciation and Amortization
Real Estate [Line Items]
Amortization of intangibles	56,892
2019 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	348
2019 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	948
2020 | Depreciation and Amortization
Real Estate [Line Items]
Amortization of intangibles	56,791
2020 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	348
2020 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	948
2021 | Depreciation and Amortization
Real Estate [Line Items]
Amortization of intangibles	56,236
2021 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	348
2021 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	948
2022 | Depreciation and Amortization
Real Estate [Line Items]
Amortization of intangibles	52,754
2022 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	407
2022 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	948
2023 | Depreciation and Amortization
Real Estate [Line Items]
Amortization of intangibles	45,564
2023 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	256
2023 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	$ 948
In-place leases | Depreciation and Amortization
Real Estate [Line Items]
Weighted-Average Amortization Years	7 years 7 months 12 days
In-place leases | 2019 | Depreciation and Amortization
Real Estate [Line Items]
Amortization of intangibles	$ 56,892
In-place leases | 2020 | Depreciation and Amortization
Real Estate [Line Items]
Amortization of intangibles	56,791
In-place leases | 2021 | Depreciation and Amortization
Real Estate [Line Items]
Amortization of intangibles	56,236
In-place leases | 2022 | Depreciation and Amortization
Real Estate [Line Items]
Amortization of intangibles	52,754
In-place leases | 2023 | Depreciation and Amortization
Real Estate [Line Items]
Amortization of intangibles	$ 45,564
Above-market lease assets | Rental Income
Real Estate [Line Items]
Weighted-Average Amortization Years	6 years 6 months 12 days
Above-market lease assets | 2019 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	$ 4,398
Above-market lease assets | 2020 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	4,398
Above-market lease assets | 2021 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	4,398
Above-market lease assets | 2022 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	4,363
Above-market lease assets | 2023 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	$ 4,187
Below-market lease liabilities | Rental Income
Real Estate [Line Items]
Weighted-Average Amortization Years	9 years 4 months 24 days
Below-market lease liabilities | 2019 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	$ (4,050)
Below-market lease liabilities | 2020 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	(4,050)
Below-market lease liabilities | 2021 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	(4,050)
Below-market lease liabilities | 2022 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	(3,956)
Below-market lease liabilities | 2023 | Rental Income
Real Estate [Line Items]
Amortization of intangibles	$ (3,931)
Below market ground lease assets | Property Operating Expense
Real Estate [Line Items]
Weighted-Average Amortization Years	30 years 9 months 18 days
Below market ground lease assets | 2019 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	$ 1,010
Below market ground lease assets | 2020 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	1,010
Below market ground lease assets | 2021 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	1,010
Below market ground lease assets | 2022 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	1,010
Below market ground lease assets | 2023 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	$ 1,010
Above market ground lease liabilities | Property Operating Expense
Real Estate [Line Items]
Weighted-Average Amortization Years	30 years 8 months 12 days
Above market ground lease liabilities | 2019 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	$ (62)
Above market ground lease liabilities | 2020 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	(62)
Above market ground lease liabilities | 2021 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	(62)
Above market ground lease liabilities | 2022 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	(62)
Above market ground lease liabilities | 2023 | Property Operating Expense
Real Estate [Line Items]
Amortization of intangibles	$ (62)

Real Estate Investments, Net _7

Real Estate Investments, Net - Future Minimum Rental Payments for Operating Leases (Details) $ in Thousands	Dec. 31, 2018USD ($)	Dec. 31, 2018$ / €	Dec. 31, 2018$ / £	Dec. 31, 2017€ / $	Dec. 31, 2017£ / $
Real Estate [Abstract]
2,019	$ 275,118
2,020	278,651
2,021	279,630
2,022	270,569
2,023	247,237
Thereafter	856,838
Total	$ 2,208,043
Foreign currency exchange rate		1.14	1.27	1.20	1.35

Real Estate Investments, Net _8

Real Estate Investments, Net - Revenue from External Customers and Long-Lived Assets, by Geographical Areas (Details)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
United States
Real Estate Investments [Line Items]
Entity wide revenue percentage	55.70%	48.90%	51.00%
Michigan
Real Estate Investments [Line Items]
Entity wide revenue percentage	13.70%
United Kingdom
Real Estate Investments [Line Items]
Entity wide revenue percentage	19.00%	22.10%	21.90%

Mortgage Notes Payable, Net - S

Mortgage Notes Payable, Net - Schedule of Long-term Debt Instruments (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)property	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Debt Instrument [Line Items]
Mortgage notes payable	$ 1,129,807	$ 984,876
Debt repayment	$ (3,897)	0	$ 0
Mortgage notes payable
Debt Instrument [Line Items]
Encumbered properties (property) | property	95
Outstanding loan amount	$ 1,140,113	992,344
Mortgage discount	(569)	(1,927)
Deferred financing costs, net of accumulated amortization	(9,737)	(5,541)
Mortgage notes payable	$ 1,129,807	984,876
Effective Interest Rate	3.20%
Mortgage notes payable | UK Multi-Property Cross Collateralized Loan
Debt Instrument [Line Items]
Portion at fixed rate	80.00%
Portion at variable rate	20.00%
Mortgage notes payable | UK Multi-Property Cross Collateralized Loan | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	2.00%
Mortgage notes payable | EUR
Debt Instrument [Line Items]
Encumbered properties (property) | property	22
Outstanding loan amount	$ 372,623	390,215
Mortgage notes payable | EUR | Finnair
Debt Instrument [Line Items]
Encumbered properties (property) | property	4
Outstanding loan amount	$ 32,501	34,022
Effective Interest Rate	2.20%
Mortgage notes payable | EUR | Tokmanni
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 33,159	34,711
Effective Interest Rate	2.40%
Mortgage notes payable | EUR | Auchan
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 9,498	9,943
Effective Interest Rate	1.70%
Mortgage notes payable | EUR | Pole Emploi
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 6,637	6,948
Effective Interest Rate	1.70%
Mortgage notes payable | EUR | Sagemcom
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 41,083	43,006
Effective Interest Rate	1.70%
Mortgage notes payable | EUR | Worldline
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 5,722	5,990
Effective Interest Rate	1.90%
Mortgage notes payable | EUR | DCNS
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 10,872	11,381
Effective Interest Rate	1.50%
Mortgage notes payable | EUR | ID Logistics II
Debt Instrument [Line Items]
Encumbered properties (property) | property	2
Outstanding loan amount	$ 12,016	12,578
Effective Interest Rate	1.30%
Mortgage notes payable | EUR | Rheinmetall
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 12,130	12,698
Effective Interest Rate	2.60%
Mortgage notes payable | EUR | OBI DIY
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 5,150	5,391
Effective Interest Rate	2.40%
Mortgage notes payable | EUR | RWE AG
Debt Instrument [Line Items]
Encumbered properties (property) | property	3
Outstanding loan amount	$ 71,524	74,872
Effective Interest Rate	1.60%
Mortgage notes payable | EUR | Rexam
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 5,876	6,301
Effective Interest Rate	1.80%
Mortgage notes payable | EUR | Metro Tonic
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 30,326	31,746
Effective Interest Rate	1.70%
Mortgage notes payable | EUR | ID Logistics I
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 4,578	4,792
Effective Interest Rate	1.00%
Mortgage notes payable | EUR | DB Luxembourg
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 41,198	43,126
Effective Interest Rate	1.40%
Mortgage notes payable | EUR | ING Amsterdam
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 50,353	52,710
Effective Interest Rate	1.70%
Mortgage notes payable | GBP
Debt Instrument [Line Items]
Encumbered properties (property) | property	43
Outstanding loan amount	$ 292,890	301,141
Mortgage notes payable | GBP | McDonald's
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	1,025
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | Wickes Building Supplies I
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	2,226
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | Everything Everywhere
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	5,397
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | Thames Water
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	8,096
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | Wickes Building Supplies II
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	2,626
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | Northern Rock
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	7,084
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | Wickes Building Supplies III
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	2,564
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | Provident Financial
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	17,203
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | Crown Crest
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	25,973
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | Aviva
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	21,183
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | Bradford & Bingley
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	10,200
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | Intier Automotive Interiors
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	6,375
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | Capgemini
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	6,381
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | Fujitsu
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	33,435
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | Amcor Packaging
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	4,218
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | Fife Council
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	2,474
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | Malthrust
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	4,318
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | Talk Talk
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	5,161
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | HBOS
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	7,272
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | DFS Trading, Five Pack
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	13,680
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | DFS Trading, Two Pack
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	3,203
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | HP Enterprise Services
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	12,531
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | Foster Wheeler
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	53,026
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | Harper Collins
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	37,880
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | NCR Dundee
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	7,610
Effective Interest Rate	0.00%
Mortgage notes payable | GBP | UK Multi-Property Cross Collateralized Loan
Debt Instrument [Line Items]
Encumbered properties (property) | property	43
Outstanding loan amount	$ 292,890	0
Effective Interest Rate	3.20%
Portion at fixed rate	80.00%
Portion at variable rate	20.00%
Mortgage notes payable | USD
Debt Instrument [Line Items]
Encumbered properties (property) | property	30
Outstanding loan amount	$ 474,600	300,988
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	4.40%
Mortgage notes payable | USD | Quest Diagnostics | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	2.00%
Mortgage notes payable | USD | Western Digital
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	17,363
Effective Interest Rate	0.00%
Debt repayment	$ (1,300)
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	2.00%
Mortgage notes payable | USD | AT&T Services | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	2.00%
Mortgage notes payable | USD | FedEx Freight
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	6,165
Effective Interest Rate	0.00%
Mortgage notes payable | USD | Veolia Water
Debt Instrument [Line Items]
Encumbered properties (property) | property	0
Outstanding loan amount	$ 0	4,110
Effective Interest Rate	0.00%
Mortgage notes payable | USD | Penske Logistics
Debt Instrument [Line Items]
Encumbered properties (property) | property	1
Outstanding loan amount	$ 70,000	0
Effective Interest Rate	4.70%
Mortgage notes payable | USD | U.S. Multi-Tenant Mortgage Loan I
Debt Instrument [Line Items]
Encumbered properties (property) | property	12
Outstanding loan amount	$ 187,000	187,000
Effective Interest Rate	4.40%
Mortgage notes payable | USD | U.S Multi-Tenant Mortgage Loan II
Debt Instrument [Line Items]
Encumbered properties (property) | property	8
Outstanding loan amount	$ 32,750	0
Effective Interest Rate	4.40%
Mortgage notes payable | USD | U.S. Multi-Tenant Mortgage Loan III
Debt Instrument [Line Items]
Encumbered properties (property) | property	7
Outstanding loan amount	$ 98,500	$ 0
Effective Interest Rate	4.90%

Mortgage Notes Payable, Net -_2

Mortgage Notes Payable, Net - Schedule of Maturities of Long-Term Debt (Details) $ in Thousands	Dec. 31, 2018USD ($)	Dec. 31, 2018$ / €	Dec. 31, 2018$ / £	Dec. 31, 2017USD ($)	Dec. 31, 2017€ / $	Dec. 31, 2017£ / $
Debt Instrument [Line Items]
Foreign currency exchange rate		1.14	1.27		1.20	1.35
Mortgage notes payable
Debt Instrument [Line Items]
2,019	$ 235,026
2,020	209,873
2,021	28,929
2,022	19,102
2,023	258,933
Thereafter	388,250
Total	$ 1,140,113			$ 992,344

Mortgage Notes Payable, Net - N

Mortgage Notes Payable, Net - Narrative (Details) $ in Thousands, € in Millions, £ in Millions

Nov. 14, 2018USD ($)

Nov. 09, 2018USD ($)ft²property

Aug. 13, 2018GBP (£)property

Jan. 26, 2018USD ($)ft²propertysate

Oct. 27, 2017USD ($)ft²propertysubsidiarysate

Jan. 31, 2018EUR (€)agreement

Dec. 31, 2017GBP (£)

Dec. 31, 2018USD ($)ft²property

Dec. 31, 2017USD ($)

Aug. 16, 2018property

Aug. 12, 2018property

Dec. 31, 2017GBP (£)

Debt Instrument [Line Items]

Carrying value of encumbered assets

$ 1,300,000

Purchase price

$ 126,600

$ 384,603

$ 66,704

Number of subsidiaries (subsidiary) | subsidiary

12

Rentable square feet (sqft) | ft²

27,500,000

Line of Credit

Debt Instrument [Line Items]

Carrying value of encumbered assets

$ 1,200,000

Revolving Credit Facility

Debt Instrument [Line Items]

Repayment of debt

$ 120,000

Mortgage notes payable

Debt Instrument [Line Items]

Outstanding loan amount in breach of covenant

$ 37,900

£ 28.1

Repayments of principal mortgage balance

€ 0.1

£ 0.8

$ 1,700

Number of note payable agreements (agreement) | agreement

2

Encumbered properties (property) | property

95

UK Multi-Property Cross Collateralized Loan | Mortgage notes payable

Debt Instrument [Line Items]

Portion at fixed rate

80.00%

Portion at variable rate

20.00%

Encumbered properties prior to loan (property) | property

5

UK Multi-Property Cross Collateralized Loan | Mortgage notes payable | Syndicated Investment Facility

Debt Instrument [Line Items]

Repayments of principal mortgage balance | £

£ 209

Gross proceeds from credit facility | £

230

Expected principal amortization | £

£ 37.9

Number of mortgaged properties (property) | property

43

Encumbered properties (property) | property

38

Penske Logistics | Mortgage notes payable

Debt Instrument [Line Items]

Face (par) amount of debt instrument at time of issuance

$ 70,000

Stated interest rate

4.60%

Term of debt

10 years

U.S. Multi-Tenant Mortgage Loan I | Mortgage notes payable

Debt Instrument [Line Items]

Face (par) amount of debt instrument at time of issuance

$ 187,000

Stated interest rate

4.40%

Number of leased offices and industrial properties (property) | property

12

Number of states in which mortgaged properties are located (state) | sate

9

Rentable square feet (sqft) | ft²

2,600,000

Accrued interest and closing costs

$ 2,200

U.S Multi-Tenant Mortgage Loan II | Revolving Credit Facility

Debt Instrument [Line Items]

Repayments of principal mortgage balance

$ 30,000

U.S Multi-Tenant Mortgage Loan II | Mortgage notes payable

Debt Instrument [Line Items]

Number of mortgaged properties (property) | property

8

Face (par) amount of debt instrument at time of issuance

$ 32,800

Stated interest rate

4.32%

Term of debt

10 years

Number of states in which mortgaged properties are located (state) | sate

6

Rentable square feet (sqft) | ft²

627,500

U.S. Multi-Tenant Mortgage Loan III | Revolving Credit Facility

Debt Instrument [Line Items]

Repayments of principal mortgage balance

$ 90,000

U.S. Multi-Tenant Mortgage Loan III | Mortgage notes payable

Debt Instrument [Line Items]

Number of mortgaged properties (property) | property

7

Face (par) amount of debt instrument at time of issuance

$ 98,500

Stated interest rate

4.90%

Term of debt

10 years

Rentable square feet (sqft) | ft²

651,313

Credit Facilities - Credit Faci

Credit Facilities - Credit Facility (Details) £ in Millions	Jul. 02, 2018USD ($)	Jul. 02, 2018EUR (€)	Jul. 24, 2017USD ($)extension	Dec. 31, 2018USD ($)	Dec. 31, 2018EUR (€)	Jun. 30, 2018USD ($)	Dec. 31, 2017USD ($)	Jul. 24, 2017GBP (£)
Line of Credit Facility [Line Items]
Derivative notional amount							$ 121,603,000
Unsecured Debt | Senior Unsecured Multi-Currency Revolving Credit Facility | KeyBank National Association
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 914,400,000		$ 725,000,000			$ 722,200,000
Increase in aggregate commitments	35,631,000
Total line of credit commitment	950,000,000
Number of extensions (extension) | extension			1
Extension term on debt			1 year
Debt instrument, weighted average effective interest rate (percent)				2.90%	2.90%
Remaining borrowing capacity				$ 42,200,000
Maximum distribution, percentage of FFO			95.00%
Maximum distribution under exemption, percentage of FFO			100.00%
Unsecured Debt | Senior Unsecured Multi-Currency Revolving Credit Facility | KeyBank National Association | Federal Funds Effective Swap Rate
Line of Credit Facility [Line Items]
Interest rate			0.50%
Unsecured Debt | Senior Unsecured Multi-Currency Revolving Credit Facility | KeyBank National Association | Base Rate | Minimum
Line of Credit Facility [Line Items]
Interest rate			0.60%
Unsecured Debt | Senior Unsecured Multi-Currency Revolving Credit Facility | KeyBank National Association | Base Rate | Maximum
Line of Credit Facility [Line Items]
Interest rate			1.20%
Unsecured Debt | Senior Unsecured Multi-Currency Revolving Credit Facility | KeyBank National Association | LIBOR
Line of Credit Facility [Line Items]
Interest rate			1.00%
Unsecured Debt | Senior Unsecured Multi-Currency Revolving Credit Facility | KeyBank National Association | LIBOR | Minimum
Line of Credit Facility [Line Items]
Interest rate			1.60%
Unsecured Debt | Senior Unsecured Multi-Currency Revolving Credit Facility | KeyBank National Association | LIBOR | Maximum
Line of Credit Facility [Line Items]
Interest rate			2.20%
Unsecured Debt | Senior Unsecured Multi-Currency Revolving Credit Facility | Revolving Credit Facility | KeyBank National Association
Line of Credit Facility [Line Items]
Maximum borrowing capacity				632,000,000
Line of credit facility, increase (decrease) In maximum borrowing capacity	132,000,000
Facility fee multiplier			0.003
Unsecured Debt | Senior Unsecured Multi-Currency Revolving Credit Facility | Revolving Credit Facility | KeyBank National Association | Above Threshold
Line of Credit Facility [Line Items]
Unused capacity commitment fee			0.25%
Commitment fee			50.00%					50.00%
Unsecured Debt | Senior Unsecured Multi-Currency Revolving Credit Facility | Revolving Credit Facility | KeyBank National Association | Below Threshold
Line of Credit Facility [Line Items]
Unused capacity commitment fee			0.15%
Commitment fee			50.00%					50.00%
Unsecured Debt | Senior Unsecured Multi-Currency Revolving Credit Facility | Term Loan Facility | KeyBank National Association
Line of Credit Facility [Line Items]
Maximum borrowing capacity | €					€ 246,500,000
Outstanding loan amount				282,069,000			233,165,000
Line of credit facility, increase (decrease) In maximum borrowing capacity	$ 60,200,000	€ 51,800,000
Cash Flow Hedging | Swap | Designated as Hedging Instrument
Line of Credit Facility [Line Items]
Derivative notional amount				$ 596,567,000			$ 673,345,000	£ 224.4
Cash Flow Hedging | Swap | Designated as Hedging Instrument | Senior Unsecured Multi-Currency Revolving Credit Facility | Revolving Credit Facility
Line of Credit Facility [Line Items]
Derivative notional amount | £								150
Cash Flow Hedging | Swap | Designated as Hedging Instrument | Credit Facility | Revolving Credit Facility
Line of Credit Facility [Line Items]
Derivative notional amount | £								£ 160.3

Credit Facilities - Outstanding

Credit Facilities - Outstanding Balance Under Credit Agreement (Details) € in Thousands, £ in Thousands, $ in Thousands	Dec. 31, 2018USD ($)	Dec. 31, 2018EUR (€)	Dec. 31, 2018$ / €	Dec. 31, 2018$ / £	Dec. 31, 2018GBP (£)	Dec. 31, 2017USD ($)	Dec. 31, 2017EUR (€)	Dec. 31, 2017€ / $	Dec. 31, 2017£ / $	Dec. 31, 2017GBP (£)
Line of Credit Facility [Line Items]
Revolving Credit Facility	$ 363,894					$ 298,909
Term Loan, Net	278,727					229,905
Foreign currency exchange rate			1.14	1.27				1.20	1.35
Senior Unsecured Multi-Currency Revolving Credit Facility | Unsecured Debt | KeyBank National Association
Line of Credit Facility [Line Items]
Total Credit Facility	642,621					528,814
Senior Unsecured Multi-Currency Revolving Credit Facility | Unsecured Debt | KeyBank National Association | Revolving Credit Facility
Line of Credit Facility [Line Items]
Revolving Credit Facility	363,894					298,909
Senior Unsecured Multi-Currency Revolving Credit Facility | Unsecured Debt | KeyBank National Association | Term Loan Facility
Line of Credit Facility [Line Items]
Term Loan	282,069					233,165
Deferred financing costs	(3,342)					(3,260)
Term Loan, Net	278,727					229,905
USD | Senior Unsecured Multi-Currency Revolving Credit Facility | Unsecured Debt | KeyBank National Association
Line of Credit Facility [Line Items]
Total Credit Facility	278,625					209,000
USD | Senior Unsecured Multi-Currency Revolving Credit Facility | Unsecured Debt | KeyBank National Association | Revolving Credit Facility
Line of Credit Facility [Line Items]
Revolving Credit Facility	278,625					209,000
USD | Senior Unsecured Multi-Currency Revolving Credit Facility | Unsecured Debt | KeyBank National Association | Term Loan Facility
Line of Credit Facility [Line Items]
Term Loan	0					0
Deferred financing costs	0					0
Term Loan, Net	$ 0					$ 0
GBP | Senior Unsecured Multi-Currency Revolving Credit Facility | Unsecured Debt | KeyBank National Association
Line of Credit Facility [Line Items]
Total Credit Facility | £					£ 40,000					£ 40,000
GBP | Senior Unsecured Multi-Currency Revolving Credit Facility | Unsecured Debt | KeyBank National Association | Revolving Credit Facility
Line of Credit Facility [Line Items]
Revolving Credit Facility | £					40,000					40,000
GBP | Senior Unsecured Multi-Currency Revolving Credit Facility | Unsecured Debt | KeyBank National Association | Term Loan Facility
Line of Credit Facility [Line Items]
Term Loan | £					0					0
Deferred financing costs | £					0					0
Term Loan, Net | £					£ 0					£ 0
EUR | Senior Unsecured Multi-Currency Revolving Credit Facility | Unsecured Debt | KeyBank National Association
Line of Credit Facility [Line Items]
Total Credit Facility | €		€ 276,481					€ 224,637
EUR | Senior Unsecured Multi-Currency Revolving Credit Facility | Unsecured Debt | KeyBank National Association | Revolving Credit Facility
Line of Credit Facility [Line Items]
Revolving Credit Facility | €		30,000					30,000
EUR | Senior Unsecured Multi-Currency Revolving Credit Facility | Unsecured Debt | KeyBank National Association | Term Loan Facility
Line of Credit Facility [Line Items]
Term Loan | €		246,481					194,637
Deferred financing costs | €		0					0
Term Loan, Net | €		€ 246,481					€ 194,637

Credit Facilities - Prior Credi

Credit Facilities - Prior Credit Facility (Details) € in Millions, £ in Millions	Jul. 24, 2017USD ($)	Jul. 24, 2017EUR (€)	Jul. 24, 2017GBP (£)	Jul. 25, 2013USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Jul. 02, 2018USD ($)	Jun. 30, 2018USD ($)
Line of Credit Facility [Line Items]
Proceeds from lines of credit					$ 247,000,000	$ 647,353,000	$ 62,682,000
JPMorgan Chase Bank, N.A. | Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity				$ 740,000,000
Commitment fee				50.00%
Credit Facility | JPMorgan Chase Bank, N.A. | Revolving Credit Facility
Line of Credit Facility [Line Items]
Extinguishment of debt	$ 725,800,000
Credit Facility, Euro | JPMorgan Chase Bank, N.A. | Revolving Credit Facility
Line of Credit Facility [Line Items]
Extinguishment of debt | €		€ 255.7
Credit Facility, Pounds | JPMorgan Chase Bank, N.A. | Revolving Credit Facility
Line of Credit Facility [Line Items]
Extinguishment of debt | £			£ 160.2
Credit Facility, Dollar | JPMorgan Chase Bank, N.A. | Revolving Credit Facility
Line of Credit Facility [Line Items]
Extinguishment of debt	221,600,000
Unsecured Debt | Senior Unsecured Multi-Currency Revolving Credit Facility | KeyBank National Association
Line of Credit Facility [Line Items]
Maximum borrowing capacity	725,000,000							$ 914,400,000	$ 722,200,000
Unsecured Debt | Senior Unsecured Multi-Currency Revolving Credit Facility | KeyBank National Association | Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity					$ 632,000,000
Unsecured Debt | Senior Unsecured Multi-Currency Revolving Credit Facility | KeyBank National Association | Revolving Credit And Term Loan Facility
Line of Credit Facility [Line Items]
Proceeds from lines of credit	720,900,000
Line of Credit | Credit Facility | JPMorgan Chase Bank, N.A. | Revolving Credit Facility
Line of Credit Facility [Line Items]
Repayments of debt, with cash on hand	$ 4,900,000
LIBOR | Unsecured Debt | Senior Unsecured Multi-Currency Revolving Credit Facility | KeyBank National Association
Line of Credit Facility [Line Items]
Interest rate	1.00%	1.00%	1.00%
Minimum | Base Rate | Unsecured Debt | Senior Unsecured Multi-Currency Revolving Credit Facility | KeyBank National Association
Line of Credit Facility [Line Items]
Interest rate	0.60%	0.60%	0.60%
Minimum | LIBOR | Unsecured Debt | Senior Unsecured Multi-Currency Revolving Credit Facility | KeyBank National Association
Line of Credit Facility [Line Items]
Interest rate	1.60%	1.60%	1.60%
Maximum | Base Rate | Unsecured Debt | Senior Unsecured Multi-Currency Revolving Credit Facility | KeyBank National Association
Line of Credit Facility [Line Items]
Interest rate	1.20%	1.20%	1.20%
Maximum | LIBOR | Unsecured Debt | Senior Unsecured Multi-Currency Revolving Credit Facility | KeyBank National Association
Line of Credit Facility [Line Items]
Interest rate	2.20%	2.20%	2.20%
Line of Credit Facility, Interest Rate, Option Two | Minimum | Base Rate | JPMorgan Chase Bank, N.A. | Revolving Credit Facility
Line of Credit Facility [Line Items]
Interest rate				0.60%
Line of Credit Facility, Interest Rate, Option Two | Maximum | Base Rate | JPMorgan Chase Bank, N.A. | Revolving Credit Facility
Line of Credit Facility [Line Items]
Interest rate				1.20%
Line of Credit Facility, Interest Rate, Option One | Minimum | LIBOR | JPMorgan Chase Bank, N.A. | Revolving Credit Facility
Line of Credit Facility [Line Items]
Interest rate				1.60%
Line of Credit Facility, Interest Rate, Option One | Maximum | LIBOR | JPMorgan Chase Bank, N.A. | Revolving Credit Facility
Line of Credit Facility [Line Items]
Interest rate				2.20%
Line of Credit Facility, Base Rate, Option Three | JPMorgan Chase Bank, N.A. | Revolving Credit Facility
Line of Credit Facility [Line Items]
Interest rate				1.00%
Above Threshold | JPMorgan Chase Bank, N.A. | Revolving Credit Facility
Line of Credit Facility [Line Items]
Unused capacity commitment fee				0.25%
Above Threshold | Unsecured Debt | Senior Unsecured Multi-Currency Revolving Credit Facility | KeyBank National Association | Revolving Credit Facility
Line of Credit Facility [Line Items]
Unused capacity commitment fee	0.25%	0.25%	0.25%
Commitment fee	50.00%
Below Threshold | JPMorgan Chase Bank, N.A. | Revolving Credit Facility
Line of Credit Facility [Line Items]
Unused capacity commitment fee				0.15%
Below Threshold | Unsecured Debt | Senior Unsecured Multi-Currency Revolving Credit Facility | KeyBank National Association | Revolving Credit Facility
Line of Credit Facility [Line Items]
Unused capacity commitment fee	0.15%	0.15%	0.15%
Commitment fee	50.00%

Credit Facilities - Bridge Loan

Credit Facilities - Bridge Loan Facility (Details) - Bridge Loan - Bridge Commitment $ in Millions	Aug. 08, 2016USD ($)
Line of Credit Facility [Line Items]
Debt instrument, face amount	$ 150
Term of debt	364 days
Debt instrument, commitment fee percent	1.50%

Credit Facilities - Mezzanine F

Credit Facilities - Mezzanine Facility (Details) - Mortgage notes payable - Mezzanine Loan Facility $ in Millions	Mar. 30, 2017USD ($)	Mar. 30, 2017EUR (€)	Dec. 22, 2016USD ($)	Dec. 22, 2016EUR (€)
Line of Credit Facility [Line Items]
Long-term debt, fair value | $			$ 107
Debt instrument, face amount | €				€ 128,000,000
Stated interest rate			8.25%	8.25%
Repayment of debt	$ 56.5	€ 52,700,000

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Fair Value, Financial Instruments Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Significant Unobservable Inputs Level 3 | Multi-Year Outperformance Plan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity fair value	$ (18,804)
Fair Value, Measurements, Recurring | Multi-Year Outperformance Plan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity fair value	(18,804)	$ (1,600)
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]
Equity fair value	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]
Equity fair value	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]
Equity fair value	(18,804)	(1,600)
Fair Value, Measurements, Recurring | Currency swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency liability, fair value		(4,511)
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]
Foreign currency liability, fair value		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]
Foreign currency liability, fair value		(4,511)
Fair Value, Measurements, Recurring | Currency swaps | Significant Unobservable Inputs Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency liability, fair value		0
Fair Value, Measurements, Recurring | Foreign currency forwards
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset fair value	5,472
Foreign currency liability, fair value		(2,737)
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]
Derivative asset fair value	0
Foreign currency liability, fair value		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]
Derivative asset fair value	5,472
Foreign currency liability, fair value		(2,737)
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]
Derivative asset fair value	0
Foreign currency liability, fair value		0
Fair Value, Measurements, Recurring | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency liability, fair value	(628)	(6,450)
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]
Foreign currency liability, fair value	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]
Foreign currency liability, fair value	(628)	(6,450)
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]
Foreign currency liability, fair value	$ 0	0
Fair Value, Measurements, Recurring | Put options
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset fair value		63
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]
Derivative asset fair value		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]
Derivative asset fair value		63
Fair Value, Measurements, Recurring | Put options | Significant Unobservable Inputs Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset fair value		$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Unobservable Input Reconciliation (Details) - Significant Unobservable Inputs Level 3 $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)
2018 Multi Year Outperformance Plan
Fair Value, Instruments Classified in Shareholders' Equity Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 0
Initial value	27,600
Fair value adjustment	(8,796)
Ending balance	18,804
Multi-Year Outperformance Plan
Fair Value, Instruments Classified in Shareholders' Equity Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	1,600
Initial value	0
Fair value adjustment	(1,600)
Ending balance	$ 0

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Quantitative Level 3 Inputs (Details) - Multi-Year Outperformance Plan - Significant Unobservable Inputs Level 3 $ in Thousands	Dec. 31, 2018USD ($)
Fair Value Inputs, Equity, Quantitative Information [Line Items] (Deprecated 2018-01-31)
2018 OPP	$ 18,804
Measurement Input, Price Volatility
Fair Value Inputs, Equity, Quantitative Information [Line Items] (Deprecated 2018-01-31)
Input Value	0.230

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Fair Value, by Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage notes payable, net	$ 1,129,807	$ 984,876
Mortgage notes payable
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage notes payable, net	1,129,807	984,876
Mortgage discount	569	1,927
Deferred financing costs	9,737	5,541
Outstanding loan amount	1,140,113	992,344
Significant Unobservable Inputs Level 3 | Carrying Amount | Mortgage notes payable
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of debt instruments	1,129,807	984,876
Mortgage notes payable, net	1,140,100	992,300
Significant Unobservable Inputs Level 3 | Carrying Amount | Credit facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of debt instruments	363,894	298,909
Significant Unobservable Inputs Level 3 | Carrying Amount | Credit facility | Senior Unsecured Multi-Currency Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of debt instruments	278,727	229,905
Significant Unobservable Inputs Level 3 | Fair Value | Mortgage notes payable
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of debt instruments	1,157,710	963,751
Significant Unobservable Inputs Level 3 | Fair Value | Credit facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of debt instruments	365,591	297,890
Significant Unobservable Inputs Level 3 | Fair Value | Credit facility | Senior Unsecured Multi-Currency Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of debt instruments	283,558	233,916
KeyBank National Association | Term Loan Facility | Unsecured Debt | Senior Unsecured Multi-Currency Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deferred financing costs	3,342	3,260
Outstanding loan amount	$ 282,069	$ 233,165

Derivative and Hedging Activi_3

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, 2018	Dec. 31, 2017
Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivatives, at fair value	$ 658	$ (8,881)
Designated as Hedging Instrument | Derivative Financial Instruments, Assets | Interest rate swaps | USD
Derivatives, Fair Value [Line Items]
Derivatives, at fair value	3,258	2,093
Designated as Hedging Instrument | Derivative Financial Instruments, Liabilities | Foreign currency forwards | EUR
Derivatives, Fair Value [Line Items]
Derivatives, at fair value	0	(304)
Designated as Hedging Instrument | Derivative Financial Instruments, Liabilities | Currency swaps | EUR
Derivatives, Fair Value [Line Items]
Derivatives, at fair value	0	(3,328)
Designated as Hedging Instrument | Derivative Financial Instruments, Liabilities | Currency swaps | GBP
Derivatives, Fair Value [Line Items]
Derivatives, at fair value	0	(1,183)
Designated as Hedging Instrument | Derivative Financial Instruments, Liabilities | Interest rate swaps | EUR
Derivatives, Fair Value [Line Items]
Derivatives, at fair value	(1,443)	(2,446)
Designated as Hedging Instrument | Derivative Financial Instruments, Liabilities | Interest rate swaps | GBP
Derivatives, Fair Value [Line Items]
Derivatives, at fair value	(1,157)	(3,713)
Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivatives, at fair value	4,186	(4,734)
Not Designated as Hedging Instrument | Derivative Financial Instruments, Assets | Foreign currency forwards | EUR
Derivatives, Fair Value [Line Items]
Derivatives, at fair value	2,225	0
Not Designated as Hedging Instrument | Derivative Financial Instruments, Assets | Foreign currency forwards | GBP
Derivatives, Fair Value [Line Items]
Derivatives, at fair value	3,247	20
Not Designated as Hedging Instrument | Derivative Financial Instruments, Assets | Put options | GBP
Derivatives, Fair Value [Line Items]
Derivatives, at fair value	0	63
Not Designated as Hedging Instrument | Derivative Financial Instruments, Liabilities | Foreign currency forwards | EUR
Derivatives, Fair Value [Line Items]
Derivatives, at fair value	0	(1,258)
Not Designated as Hedging Instrument | Derivative Financial Instruments, Liabilities | Foreign currency forwards | GBP
Derivatives, Fair Value [Line Items]
Derivatives, at fair value	0	(1,175)
Not Designated as Hedging Instrument | Derivative Financial Instruments, Liabilities | Interest rate swaps | EUR
Derivatives, Fair Value [Line Items]
Derivatives, at fair value	$ (1,286)	$ (2,384)

Derivative and Hedging Activi_4

Derivative and Hedging Activities - Narrative (Details) £ in Millions	Aug. 13, 2018USD ($)derivative	Jul. 24, 2017USD ($)	Dec. 31, 2017USD ($)derivative	Dec. 31, 2018USD ($)derivative	Dec. 31, 2017USD ($)derivative	Dec. 31, 2016USD ($)	Aug. 13, 2018GBP (£)	Jul. 25, 2017USD ($)	Jul. 24, 2017GBP (£)	Jun. 30, 2016derivative
Derivative [Line Items]
Gains on ineffectiveness				$ 400,000	$ 200,000	$ 100,000
Loss from termination of derivative				100,000	1,100,000
Derivative notional amount			$ 121,603,000		121,603,000
Accumulated other comprehensive income			19,447,000	6,810,000	19,447,000
Gain (loss) on derivative instruments				7,638,000	(8,304,000)	7,368,000
Derivative liability			15,791,000	3,886,000	15,791,000
Unrealized gain (loss) on undesignated foreign currency advances and other hedge ineffectiveness					(3,700,000)	10,100,000
Fair value of derivatives in net liability position				4,800,000
Not Designated as Hedging Instrument
Derivative [Line Items]
Gain (loss) on derivative instruments				7,800,000	(7,100,000)	$ 7,400,000
Interest rate swaps
Derivative [Line Items]
Number of interest rate swaps terminated (derivative) | derivative	15
Gain (loss) on derivative instruments					(1,100,000)
Derivative instrument, amount novated		$ 224,000,000
Interest rate swaps | Interest Expense
Derivative [Line Items]
AOCI adjustment, interest expense			300,000	$ 400,000
Interest rate swaps | Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative liability								$ 700,000
Interest rate swaps | Interest rate swaps (EUR) | Designated as Hedging Instrument | Interest Expense
Derivative [Line Items]
Estimate of time to transfer (months)				12 months
Estimated net amount to be transferred as interest expense				$ 1,200,000
Interest Rate Floor
Derivative [Line Items]
Number of interest rate swaps terminated (derivative) | derivative	1
Swap | Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative notional amount			491,846,000	221,125,000	491,846,000
Swap | Interest rate swaps (EUR) | Designated as Hedging Instrument
Derivative [Line Items]
Derivative notional amount			$ 673,345,000	$ 596,567,000	$ 673,345,000				£ 224.4
Number of instruments (derivative) | derivative			35	64	35
Swap | Interest rate swaps (EUR) | Designated as Hedging Instrument | EUR
Derivative [Line Items]
Derivative notional amount			$ 222,190,000	$ 212,255,000	$ 222,190,000
Number of instruments (derivative) | derivative			13	13	13
Swap | Interest rate swaps (EUR) | Designated as Hedging Instrument | GBP-USD
Derivative [Line Items]
Derivative notional amount			$ 301,155,000	$ 234,312,000	$ 301,155,000
Number of instruments (derivative) | derivative			19	48	19
Swap | Interest rate swaps (EUR) | Not Designated as Hedging Instrument | EUR
Derivative [Line Items]
Number of instruments (derivative) | derivative										2
Currency swaps | EUR
Derivative [Line Items]
Derivative notional amount			$ 43,222,000		$ 43,222,000
Currency swaps | GBP-USD
Derivative [Line Items]
Derivative notional amount			66,282,000		$ 66,282,000
Currency swaps | Net Investment Hedging | Designated as Hedging Instrument | GBP-USD
Derivative [Line Items]
Derivative notional amount | £									49.1
Payment to settle derivatives		10,600,000
Multi-Property Loan
Derivative [Line Items]
Accumulated other comprehensive income	$ 1,200,000			$ 0.8
Multi-Property Loan | Interest rate swaps
Derivative [Line Items]
Derivative notional amount | £							£ 208.8
Multi-Property Loan | Interest rate swaps | Interest Expense
Derivative [Line Items]
AOCI adjustment, interest expense				400,000
Multi-Property Loan | Interest Rate Floor
Derivative [Line Items]
Derivative notional amount | £							£ 28.1
Prior Credit Facility
Derivative [Line Items]
Accumulated other comprehensive income				0
Prior Credit Facility | Interest rate swaps
Derivative [Line Items]
Derivative notional amount | £									£ 160
Payment to settle derivatives		$ 1,500,000
Prior Credit Facility | Interest rate swaps | Interest Expense
Derivative [Line Items]
AOCI adjustment, interest expense			$ 200,000	$ 200,000

Derivative and Hedging Activi_5

Derivative and Hedging Activities - Schedule of Interest Rate Derivatives (Details) $ in Thousands, £ in Millions	Dec. 31, 2018USD ($)derivative	Dec. 31, 2017USD ($)derivative	Jul. 24, 2017GBP (£)
Derivative [Line Items]
Notional Amount | $		$ 121,603
Interest rate swaps (EUR) | Swap | Designated as Hedging Instrument
Derivative [Line Items]
Number of Instruments (derivative) | derivative	64	35
Notional Amount	$ 596,567	$ 673,345	£ 224.4
Interest rate swaps (EUR) | Swap | Designated as Hedging Instrument | GBP
Derivative [Line Items]
Number of Instruments (derivative) | derivative	48	19
Notional Amount | $	$ 234,312	$ 301,155
Interest rate swaps (EUR) | Swap | Designated as Hedging Instrument | EUR
Derivative [Line Items]
Number of Instruments (derivative) | derivative	13	13
Notional Amount | $	$ 212,255	$ 222,190
Interest rate swaps (EUR) | Swap | Designated as Hedging Instrument | USD
Derivative [Line Items]
Number of Instruments (derivative) | derivative	3	3
Notional Amount | $	$ 150,000	$ 150,000

Derivative and Hedging Activi_6

Derivative and Hedging Activities - Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Amount of loss recognized on derivative instruments (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing)	$ (434)	$ (3,679)	$ 10,109
Interest rate swaps (EUR) | Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in AOCI from derivatives (effective portion)	2,739	(12,893)	(12,634)
Amount of loss recognized on derivative instruments (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing)	(559)	(931)	(99)
Interest rate swaps (EUR) | Interest rate swaps | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of loss reclassified from AOCI into income as interest expense (effective portion)	$ (3,746)	$ (6,029)	$ (5,318)

Derivative and Hedging Activi_7

Derivative and Hedging Activities - Schedule of Foreign Currency Derivative Instruments (Details) $ in Thousands	Dec. 31, 2017USD ($)derivative
Derivative [Line Items]
Number of instruments (derivative) | derivative	5
Notional Amount | $	$ 121,603
EUR-USD | Currency swaps
Derivative [Line Items]
Number of instruments (derivative) | derivative	3
Notional Amount | $	$ 43,222
EUR-USD | Foreign currency forwards
Derivative [Line Items]
Number of instruments (derivative) | derivative	1
Notional Amount | $	$ 12,099
GBP-USD | Currency swaps
Derivative [Line Items]
Number of instruments (derivative) | derivative	1
Notional Amount | $	$ 66,282

Derivative and Hedging Activi_8

Derivative and Hedging Activities - Schedule of Credit Derivative (Details) $ in Thousands	Dec. 31, 2018USD ($)derivative	Dec. 31, 2017USD ($)derivative
Schedule of Foreign Currency Swaps [Line Items]
Number of instruments (derivative) | derivative		5
Notional Amount | $		$ 121,603
Not Designated as Hedging Instrument | Swap
Schedule of Foreign Currency Swaps [Line Items]
Number of instruments (derivative) | derivative	93	58
Notional Amount | $	$ 221,125	$ 491,846
Not Designated as Hedging Instrument | Swap | Foreign currency forwards | GBP-USD
Schedule of Foreign Currency Swaps [Line Items]
Number of instruments (derivative) | derivative	50	24
Notional Amount | $	$ 43,000	$ 32,116
Not Designated as Hedging Instrument | Swap | Foreign currency forwards | EUR-USD
Schedule of Foreign Currency Swaps [Line Items]
Number of instruments (derivative) | derivative	38	22
Notional Amount | $	$ 39,500	$ 35,712
Not Designated as Hedging Instrument | Swap | Interest rate swaps | EUR-USD
Schedule of Foreign Currency Swaps [Line Items]
Number of instruments (derivative) | derivative	5	6
Notional Amount | $	$ 138,625	$ 414,093
Not Designated as Hedging Instrument | Swap | Put options | GBP-USD
Schedule of Foreign Currency Swaps [Line Items]
Number of instruments (derivative) | derivative	0	1
Notional Amount | $	$ 0	$ 675
Not Designated as Hedging Instrument | Swap | Put options | EUR-USD
Schedule of Foreign Currency Swaps [Line Items]
Number of instruments (derivative) | derivative	0	5
Notional Amount | $	$ 0	$ 9,250

Derivative and Hedging Activi_9

Derivative and Hedging Activities - Offsetting Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gross Amounts of Recognized Assets	$ 8,730	$ 2,176
Gross Amounts of Recognized (Liabilities)	(3,886)	(15,791)
Gross Amounts Offset on the Balance Sheet	0	0
Net Amounts of Assets (Liabilities) presented on the Balance Sheet	4,844	(13,615)
Financial Instruments	0	0
Cash Collateral Received (Posted)	0	0
Derivative, Fair Value, Amount Offset Against Collateral, Net	$ 4,844	$ (13,615)

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details)	Nov. 28, 2018USD ($)shares	Aug. 20, 2018USD ($)$ / sharesshares	Dec. 14, 2017USD ($)$ / sharesshares	Oct. 11, 2017USD ($)shares	Sep. 07, 2017$ / sharesshares	Dec. 22, 2016USD ($)shares	Sep. 02, 2016shares	Jun. 30, 2017shares	Dec. 31, 2018USD ($)directorquarterly_dividend$ / sharesshares	Dec. 31, 2017USD ($)$ / sharesshares	Mar. 31, 2018USD ($)
Class of Stock [Line Items]
Common stock, outstanding (in shares) | shares									76,080,625	67,287,231
Preferred stock, authorized (in shares) | shares									16,670,000
Dividends paid on the 15th of each month (in dollars per share) | $ / shares									$ 2.13
Common stock, monthly dividend rate (in dollars per share) | $ / shares									0.1775
Public Offering
Class of Stock [Line Items]
Number of shares issued (in shares) | shares	4,000,000	4,600,000
Offering proceeds | $	$ 80,800,000	$ 95,000,000
Offering price per share | $ / shares		$ 20.65							$ 20.20
Underwriting discount | $	3,200,000	$ 3,800,000
Over-Allotment Option
Class of Stock [Line Items]
Number of shares issued (in shares) | shares		600,000
Additional offering expenses | $	$ 100,000	$ 300,000
Merger Agreement
Class of Stock [Line Items]
Equity consideration (in shares) | shares						9,600,000
Value of consideration | $						$ 220,868,000
Agent | At-the-Market Program
Class of Stock [Line Items]
Number of shares issued (in shares) | shares									164,927
Net proceeds from sale of stock | $										$ 18,700,000
Stock issuance costs | $									$ 300,000	$ 400,000
Offering proceeds | $									3,500,000
Commissions paid | $									$ 35,140
OP Units
Class of Stock [Line Items]
Conversion of stock (in shares) | shares							421,383	181,841
OP Units | Investor
Class of Stock [Line Items]
Conversion of stock (in shares) | shares							305,411
OP Units | Service Provider
Class of Stock [Line Items]
Conversion of stock (in shares) | shares							115,967
OP Units | Limited Partner
Class of Stock [Line Items]
Conversion of stock (in shares) | shares							5
Common Stock | Merger Agreement
Class of Stock [Line Items]
Common stock conversion ratio						2.27
Common Stock | Class B Units | Merger Agreement
Class of Stock [Line Items]
Common stock conversion ratio						2.27
Redeemable Preferred Stock
Class of Stock [Line Items]
Preferred stock, authorized (in shares) | shares									13,409,650	5,409,650
Preferred stock, dividend rate									7.25%	7.25%
Preferred stock, par value (in dollars per share) | $ / shares									$ 0.01	$ 0.01
Preferred stock, issued (in shares) | shares									5,416,890	5,409,650
Preferred stock, liquidation preference (in dollars per share) | $ / shares									$ 25	$ 25
Preferred stock cumulative dividends (in dollars per share) | $ / shares									1.8125
Preferred stock redemption price per share (in dollars per share) | $ / shares									$ 25
Redemption period one									90 days
Redemption period two									120 days
Number of share issued per share of convertible preferred stock (in shares) | shares									2.301
Number of additional directors to be elected (director) | director									2
Number of quarterly dividends payable (quarterly dividend) | quarterly_dividend									6
Preferred stock, quarterly dividend (in dollars per share) | $ / shares									$ 0.453125
Redeemable Preferred Stock | Minimum
Class of Stock [Line Items]
Periods for dividend payment									10 days
Percentage of ordinary dividend income									100.00%
Redeemable Preferred Stock | Maximum
Class of Stock [Line Items]
Periods for dividend payment									30 days
Redeemable Preferred Stock | Public Offering
Class of Stock [Line Items]
Number of shares issued (in shares) | shares			1,150,000	259,650	4,000,000
Offering proceeds | $			$ 28,800,000
Underwriting discount | $			800,000	$ 3,400,000
Additional offering expenses | $			$ 200,000	500,000
Preferred stock, liquidation preference (in dollars per share) | $ / shares			$ 25		$ 25
Consideration received on sale of stock, gross | $				$ 106,500,000
Redeemable Preferred Stock | Over-Allotment Option
Class of Stock [Line Items]
Number of shares issued (in shares) | shares			150,000
Redeemable Preferred Stock | Agent | At-the-Market Program
Class of Stock [Line Items]
Number of shares issued (in shares) | shares									7,240	820,988
Stock issuance costs | $									$ 400,000
Offering proceeds | $									200,000
Commissions paid | $									$ 2,724
Equity offering proceeds authorized | $											$ 200,000,000

Stockholders' Equity - Details

Stockholders' Equity - Details of Distributions Classified as Return of Capital and Ordinary Dividend Income (Details) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Equity [Abstract]
Return of capital (in dollars per share)	$ 1.57	$ 0.39	$ 1.32
Ordinary dividend income (in dollars per share)	0.56	1.74	0.81
Total distribution (in dollars per share)	$ 2.13	$ 2.13	$ 2.13
Return of capital	73.70%	18.30%	62.00%
Ordinary dividend income	26.30%	81.70%	38.00%
Total distribution	100.00%	100.00%	100.00%

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Future Ground Lease Payments (Details) $ in Thousands	Dec. 31, 2018USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,019	$ 1,371
2,020	1,371
2,021	1,371
2,022	1,371
2,023	1,371
Thereafter	40,519
Total	$ 47,374

Commitments and Contingencies_2

Commitments and Contingencies - Narrative (Details)	12 Months Ended
	Dec. 31, 2018USD ($)$ / €	Dec. 31, 2017USD ($)€ / $	Dec. 31, 2016USD ($)	Dec. 31, 2018$ / £	Apr. 16, 2018USD ($)	Dec. 31, 2017£ / $
Operating Leased Assets [Line Items]
Foreign Currency Exchange Rate, Translation	1.14	1.20		1.27		1.35
Rent expense	$ 1,300,000	$ 1,300,000	$ 1,300,000
Asset management fees | Defendants Vs. Service Providers | Service Provider
Operating Leased Assets [Line Items]
Prepaid Expense					$ 91,000
Litigation costs	2,900,000
Litigation reserve	$ 7,400,000

Related Party Transactions - Na

Related Party Transactions - Narrative (Details)	Nov. 06, 2018USD ($)	Aug. 14, 2018$ / shares	Sep. 02, 2016shares	Jun. 02, 2015USD ($)$ / shares	Dec. 31, 2018USD ($)shares	Sep. 30, 2018USD ($)	Jun. 30, 2017shares	Dec. 31, 2018USD ($)propertyshares	Dec. 31, 2017USD ($)shares	Dec. 31, 2016USD ($)	Oct. 31, 2017property	Dec. 22, 2016USD ($)	Dec. 16, 2016USD ($)
Related Party Transaction [Line Items]
Due from related parties					$ 16,000			$ 16,000	$ 16,000
Due to related parties					790,000			790,000	829,000
Distributions to non-controlling interest holders								585,000	739,000	$ 2,008,000
Dividends payable					2,664,000			$ 2,664,000	2,556,000
Number of real estate properties, no longer subject to oversight fee (property) | property											12
Period to reinvest proceeds								180 days
Proceeds from sale of real estate								$ 30,300,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations
Related Party Transaction [Line Items]
Number of properties sold (property) | property								1
Gain fee								$ 0	800,000
Incurred
Related Party Transaction [Line Items]
Related party expenses (reversals)								28,234,000	25,634,000	22,971,000
Incurred | General and Administrative Expense
Related Party Transaction [Line Items]
Related party expenses (reversals)								1,100,000	100,000	200,000
Forgiven
Related Party Transaction [Line Items]
Related party expenses (reversals)								$ 0	2,052,000	2,281,000
Stand Alone, Single Tenant, Net Leased | Unaffiliated Third Party Property Management Services | Europe | Gross Revenue, Managed Properties
Related Party Transaction [Line Items]
Property management fee, percent fee								0.25%
All other properties, other than stand alone, single tenant, net leased | Unaffiliated Third Party Property Management Services | Europe | Gross Revenue, Managed Properties
Related Party Transaction [Line Items]
Property management fee, percent fee								0.50%
Singe Tenant Net Lease, Not Part of Shopping Center | Unaffiliated Third Party Property Management Services | Europe | Gross Revenue, Managed Properties
Related Party Transaction [Line Items]
Property management fee, percent fee								1.75%
All Other Property Types, Other Than Stand Alone, Single Tenant, Net Leased and Not Part of Shopping Center | Unaffiliated Third Party Property Management Services | Europe | Gross Revenue, Managed Properties
Related Party Transaction [Line Items]
Property management fee, percent fee								3.50%
Multi-Year Outperformance Plan
Related Party Transaction [Line Items]
Dividends payable					0			$ 0
OP Units
Related Party Transaction [Line Items]
OP unit distributions paid									100,000	1,000,000
LTIP Units
Related Party Transaction [Line Items]
Distributions to non-controlling interest holders								600,000	600,000
The Letter Agreement
Related Party Transaction [Line Items]
Due from related parties					$ 0			$ 0				$ 5,100,000	$ 6,300,000
OP Units
Related Party Transaction [Line Items]
Conversion of stock (in shares) | shares			421,383				181,841
Global Net Lease Advisors, LLC | Advisor And Scott J. Bowman | Chief Executive Officer
Related Party Transaction [Line Items]
Direct membership interest					5.00%			5.00%
Global Net Lease Advisors, LLC | Scott J. Bowman | Chief Executive Officer
Related Party Transaction [Line Items]
Direct membership interest					10.00%			10.00%
Third party professional fees and offering costs
Related Party Transaction [Line Items]
Due to related parties									800,000
Incentive Compensation | Recurring Fees | Incurred
Related Party Transaction [Line Items]
Related party expenses (reversals)					$ (400,000)	$ 400,000		$ 0	0	0
Property management and leasing fees | Recurring Fees
Related Party Transaction [Line Items]
Related party expenses (reversals)									4,200,000	3,800,000
Property management and leasing fees | Recurring Fees | Incurred
Related Party Transaction [Line Items]
Related party expenses (reversals)								5,022,000	4,281,000	3,802,000
Property management and leasing fees | Recurring Fees | Forgiven
Related Party Transaction [Line Items]
Related party expenses (reversals)								$ 0	$ 1,177,000	2,281,000
AR Global, LLC | Global Net Lease Advisors, LLC
Related Party Transaction [Line Items]
Indirect membership interest					95.00%			95.00%
AR Global, LLC | Global Net Lease Advisors, LLC | Advisor
Related Party Transaction [Line Items]
Indirect membership interest					90.00%			90.00%
Limited Partner
Related Party Transaction [Line Items]
Operating partnership units (in shares) | shares					35,900			35,900	39,904
Limited Partner | OP Units
Related Party Transaction [Line Items]
Conversion of stock (in shares) | shares			5
Advisor
Related Party Transaction [Line Items]
Minimum base management fee and variable base management fee, maximum percent of assets under management, range one	0.75%
Minimum base management fee and variable base management fee, maximum amount under management, range one	$ 3,000,000,000
Minimum base management fee and variable base management fee, maximum percent of assets under management, range two	0.75%
Minimum base management fee and variable base management fee, cap on annum aggregate amount, maximum amount of assets under management, range two	$ 3,000,000,000
Minimum base management fee and variable base management fee, cap on annum aggregate amount, maximum amount of assets under management, range two denominator	$ 11,700,000,000
Minimum base management fee and incentive compensation payable, maximum percent of assets under management, range three	0.35%
Minimum base management fee and variable base management fee, cap on annum aggregate amount, maximum amount of assets under management, range two	$ 3,000,000,000
Minimum base management fee and variable base management fee, maximum percent of assets under management, range three	0.40%
Minimum base management fee and variable base management fee, maximum amount under management, range three	$ 14,700,000,000
Advisor | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Related Party Transaction [Line Items]
Due to related parties					$ 49,000			$ 49,000	$ 49,000
Advisor | Maximum
Related Party Transaction [Line Items]
Minimum base management fee and variable base management fee, cap on annum aggregate amount, maximum amount of assets under management, range two	$ 14,600,000,000
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 (in dollars per share) | $ / shares				$ 2.37
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 (in dollars per share) | $ / shares				$ 3.08
Incentive compensation, percent of core adjusted funds from operations per weighted average share outstanding, incentive hurdle one, period one | $ / shares		$ 2.15
Incentive compensation, percent of core adjusted funds from operations per weighted average share outstanding, incentive hurdle one, period two | $ / shares		2.25
Incentive compensation, percent of core adjusted funds from operations per weighted average share outstanding, incentive hurdle two, period two | $ / shares		$ 2.92
Minimum base management fee and incentive compensation payable, maximum percent of assets under management, range three				0.30%
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
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		0.00%		1.00%
Advisor | Amended Advisory Agreement | Maximum
Related Party Transaction [Line Items]
Incentive compensation, percent of core adjusted funds from operations per weighted average share outstanding, incentive hurdle two, period one | $ / shares		$ 2.79
Percent of Core AFFO per weighted average share outstanding, incentive hurdle annual adjustment		3.00%		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 | American Realty Capital Global Advisors, LLC
Related Party Transaction [Line Items]
Due from related parties					$ 16,000			16,000
Related party expenses (reversals)								$ 0	$ 0	0
Advisor | American Realty Capital Global Advisors, LLC | Maximum | Average Invested Assets | Greater Of
Related Party Transaction [Line Items]
Operating expenses as a percentage of benchmark					2.00%			2.00%
Advisor | American Realty Capital Global Advisors, LLC | Maximum | Net Income, Excluding Additions to Non-cash Reserves and Gains on Sales of Assets | Greater Of
Related Party Transaction [Line Items]
Operating expenses as a percentage of benchmark					25.00%			25.00%
Investor | OP Units
Related Party Transaction [Line Items]
Conversion of stock (in shares) | shares			305,411
Service Provider | OP Units
Related Party Transaction [Line Items]
Conversion of stock (in shares) | shares			115,967
Property Manager | American Realty Capital Global Properties, LLC | Maximum | Gross Revenue, Managed Properties
Related Party Transaction [Line Items]
Oversight fees as a percentage of benchmark					1.00%			1.00%
Property Manager | American Realty Capital Global Properties, LLC | Maximum | Gross Revenue, Managed Properties | Stand Alone, Single Tenant, Net Leased
Related Party Transaction [Line Items]
Oversight fees as a percentage of benchmark					2.00%			2.00%
Property Manager | American Realty Capital Global Properties, LLC | Maximum | Gross Revenue, Managed Properties | All other properties, other than stand alone, single tenant, net leased
Related Party Transaction [Line Items]
Oversight fees as a percentage of benchmark					4.00%			4.00%
Affiliated Entity | American National Stock Transfer, LLC | Transfer Agent Fees | General and Administrative Expense
Related Party Transaction [Line Items]
Related party expenses (reversals)										$ 200,000

Related Party Transactions - Sc

Related Party Transactions - Schedule of Amount Contractually Due and Forgiven in Connection With Operation Related Services (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Transfer Asset and Personnel Services
Related Party Transaction [Line Items]
Related party expenses		$ 300
Advisor | Minimum Base Management Fee
Related Party Transaction [Line Items]
Related party expenses	$ 18,000
Advisor | Variable Base Management Fee
Related Party Transaction [Line Items]
Related party expenses	5,200	3,400	$ 200
Affiliated Entity | Transfer Asset and Personnel Services
Related Party Transaction [Line Items]
Related party expenses		100
Advisor and Dealer Manager | Transfer Asset and Personnel Services
Related Party Transaction [Line Items]
Related party expenses		100
Incurred
Related Party Transaction [Line Items]
Related party expenses	28,234	25,634	22,971
Incurred | General and Administrative Expense
Related Party Transaction [Line Items]
Related party expenses	1,100	100	200
Forgiven
Related Party Transaction [Line Items]
Related party expenses	0	2,052	2,281
(Receivables) Payable
Related Party Transaction [Line Items]
Related party (receivable) payable	49	348
Nonrecurring Fees | Incurred | Fees on Gain From Sale of Investments
Related Party Transaction [Line Items]
Related party expenses	0	0	923
Nonrecurring Fees | Incurred | Financing Coordination Fees
Related Party Transaction [Line Items]
Related party expenses	0	0	16
Nonrecurring Fees | Forgiven | Fees on Gain From Sale of Investments
Related Party Transaction [Line Items]
Related party expenses	0	875	0
Nonrecurring Fees | Forgiven | Financing Coordination Fees
Related Party Transaction [Line Items]
Related party expenses	0	0	0
Nonrecurring Fees | (Receivables) Payable | Fees on Gain From Sale of Investments
Related Party Transaction [Line Items]
Related party (receivable) payable	49	49
Nonrecurring Fees | (Receivables) Payable | Financing Coordination Fees
Related Party Transaction [Line Items]
Related party (receivable) payable	0	0
Recurring Fees | Property management and leasing fees
Related Party Transaction [Line Items]
Related party expenses		4,200	3,800
Recurring Fees | Incurred | Asset management fees
Related Party Transaction [Line Items]
Related party expenses	23,212	21,353	18,230
Recurring Fees | Incurred | Property management and leasing fees
Related Party Transaction [Line Items]
Related party expenses	5,022	4,281	3,802
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	0	1,177	$ 2,281
Recurring Fees | (Receivables) Payable | Asset management fees
Related Party Transaction [Line Items]
Related party (receivable) payable	0	240
Recurring Fees | (Receivables) Payable | Property management and leasing fees
Related Party Transaction [Line Items]
Related party (receivable) payable	$ 0	59
Recurring Fees | (Receivables) Payable | Property management and leasing fees | Prepaid Expenses and Other Current Assets
Related Party Transaction [Line Items]
Related party (receivable) payable		$ (200)

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - USD ($)	Jun. 02, 2018	Jun. 01, 2018	Jun. 02, 2017	Jun. 02, 2016	Jun. 02, 2015	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Distributions to non-controlling interest holders							$ 585,000	$ 739,000	$ 2,008,000
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders							$ 585,000	$ 739,000	$ 1,633,000
Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock issued for services during the period (in shares)							0	0	0
LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Distributions to non-controlling interest holders							$ 600,000	$ 600,000
LTIP Units | Annual Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percent							33.30%
LTIP Units | Performance Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percent							33.30%
LTIP Units | Interim Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percent							33.30%
Stock Option Plan | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)							500,000
Shares issued in the period (in 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
Incentive Restricted Share Plan | Non-Executive Chair
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual retainer payable							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]
Equity based compensation							$ 500,000	$ 700,000	$ 400,000
Incentive Restricted Share Plan | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period							3 years
Share-based Compensation Arrangement by Share-based Payment Award, Percentage of Outstanding Stock Maximum							10.00%
Restricted Share Plan | Unvested restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost							$ 700,000
Period for recognition							1 year 9 months
Multi-Year Outperformance Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued in the period (in shares)					3,013,933.0666666669
Award vesting period			2 years
Equity based compensation								$ 4,400,000
Equity based compensation, requisite service period							2 years 9 months 35 days
Cumulative compensation expense							$ 1,100,000
Percent of distributions							10.00%
Percent of market capitalization					5.00%
Lock-out period of transferability or liquidity				1 year	1 year
Period during which additional units may be earned							3 years
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 | Interim Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					2 years
2018 Multi Year Outperformance Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity based compensation							$ 3,300,000
Share-Based Compensation Arrangement By Share-Based Payment Award, Number Of Shares Authorized, Value		$ 50,000,000
Share price (in dollars per share)		$ 19.57
2018 Multi Year Outperformance Plan | Annual Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Absolute TSR	24.00%
Relative TSR Excess	(0.0600)
2018 Multi Year Outperformance Plan | Performance Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Absolute TSR	30.00%
Relative TSR Excess	0
2018 Multi Year Outperformance Plan | Interim Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Absolute TSR	24.00%
Relative TSR Excess	(0.0600)
2018 Multi Year Outperformance Plan | LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued in the period (in shares)							2,554,930
Advisor | LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders						$ 100,000
Advisor | 2018 Multi Year Outperformance Plan | LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued in the period (in shares)	2,554,930
Minimum | Tier One | 2018 Multi Year Outperformance Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Absolute TSR	24.00%
Minimum | Tier Two | 2018 Multi Year Outperformance Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Absolute TSR	36.00%
Maximum | Tier One | 2018 Multi Year Outperformance Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Absolute TSR	30.00%
Maximum | Tier Two | 2018 Multi Year Outperformance Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Absolute TSR	30.00%

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Restricted Share Award Activity (Details) - Unvested restricted stock - Restricted Share Plan - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Number of Restricted Shares
Beginning Balance (in shares)	49,112	61,099	62,646
Granted (in shares)	17,039	13,861	12,211.3333333333
Vested (in shares)	(19,799)	(25,848)	(13,758)
Ending Balance (in shares)	46,352	49,112	61,099
Weighted-Average Issue Price
Beginning Balance (in dollars per share)	$ 24.29	$ 25.07	$ 25.70
Granted (in dollars per share)	18.34	22.54	22.59
Vested (in dollars per share)	24.40	25.25	25.77
Ending Balance (in dollars per share)	$ 22.04	$ 24.29	$ 25.07

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Target and Maximum Performance Goals (Details) - 2018 Multi Year Outperformance Plan	Jun. 02, 2018shares
Below Threshold
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance Level (% of Absolute TSR LTP Units Earned)	0.00%
Absolute TSR	24.00%
Number of Absolute TSR LTIP Units Earned (shares)	0
Performance Level (% of Relative TSR LTIP Units Earned)	0.00%
Relative TSR Excess	(0.0600)
Number of Absolute TSR LTIP Units Earned (shares)	0
Threshold
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance Level (% of Absolute TSR LTP Units Earned)	25.00%
Absolute TSR	24.00%
Number of Absolute TSR LTIP Units Earned (shares)	319,366
Performance Level (% of Relative TSR LTIP Units Earned)	25.00%
Relative TSR Excess	(0.0600)
Number of Absolute TSR LTIP Units Earned (shares)	319,366
Target
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance Level (% of Absolute TSR LTP Units Earned)	50.00%
Absolute TSR	30.00%
Number of Absolute TSR LTIP Units Earned (shares)	638,733
Performance Level (% of Relative TSR LTIP Units Earned)	50.00%
Relative TSR Excess	0
Number of Absolute TSR LTIP Units Earned (shares)	638,733
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance Level (% of Absolute TSR LTP Units Earned)	100.00%
Absolute TSR	36.00%
Number of Absolute TSR LTIP Units Earned (shares)	1,277,465
Performance Level (% of Relative TSR LTIP Units Earned)	100.00%
Relative TSR Excess	0.0600
Number of Absolute TSR LTIP Units Earned (shares)	1,277,465

Share-Based Compensation - Sc_2

Share-Based Compensation - Schedule of Total Return (Details) - Multi-Year Outperformance Plan	Jun. 02, 2015
Performance Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
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]
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]
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, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Earnings Per Share [Abstract]
Net income attributable to common stockholders	$ (6,744)	$ 177	$ 5,288	$ 2,361	$ 5,998	$ 2,104	$ 5,200	$ 7,429	$ 1,082	$ 20,731	$ 47,140
Adjustments to net income attributable to common stockholders for common share equivalents	(163)	(316)	(26)	(184)	(186)	(186)	(185)	(185)	(689)	(742)	(773)
Adjusted net income attributable to common stockholders	$ (6,907)	$ (139)	$ 5,262	$ 2,177	$ 5,812	$ 1,918	$ 5,015	$ 7,244	$ 393	$ 19,989	$ 46,367
Basic and diluted net income (loss) per share attributable to common stockholders (in dollars per share)	$ (0.09)	$ 0	$ 0.08	$ 0.03	$ 0.09	$ 0.03	$ 0.08	$ 0.11	$ 0.01	$ 0.30	$ 0.82
Basic weighted average common shares outstanding (in shares)	73,554,137	69,441,639	67,292,021	67,287,231					69,411,061	66,877,620	56,720,448
Diluted weighted average common shares outstanding (in shares)	74,001,250	69,441,639	67,292,021	67,287,231					69,663,208	66,877,620	56,720,448

Earnings Per Share - Antidiluti

Earnings Per Share - Antidilutive Securities (Details) - shares	Jun. 02, 2015	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Jun. 30, 2018
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities (in shares)		1,016,525	3,063,045	3,256,873
Unvested RSUs
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities (in shares)		46,352	49,112	61,099
OP Units
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities (in shares)		0	0	181,841
LTIP Units
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities (in shares)		970,173	3,013,933	3,013,933
Multi-Year Outperformance Plan
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Shares issued in the period (in shares)	3,013,933.0666666669
LTIP Units | 2018 Multi Year Outperformance Plan
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Shares issued in the period (in shares)		2,554,930
LTIP Units | Multi-Year Outperformance Plan
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Forfeited shares (in shares)					3,013,933

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dilutive effect of share based compensation arrangements (in shares)	0	0

Quarterly Results (Unaudited)_2

Quarterly Results (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Total revenues	$ 71,226	$ 71,924	$ 70,971	$ 68,086	$ 66,602	$ 64,870	$ 64,986	$ 62,837	$ 282,207	$ 259,295	$ 214,174
Net income (loss) attributable to common stockholders	(6,744)	177	5,288	2,361	5,998	2,104	5,200	7,429	1,082	20,731	47,140
Adjustments to net income attributable to common stockholders for common share equivalents	(163)	(316)	(26)	(184)	(186)	(186)	(185)	(185)	(689)	(742)	(773)
Adjusted net income attributable to common stockholders	$ (6,907)	$ (139)	$ 5,262	$ 2,177	$ 5,812	$ 1,918	$ 5,015	$ 7,244	$ 393	$ 19,989	$ 46,367
Basic (in shares)	73,554,137	69,441,639	67,292,021	67,287,231					69,411,061	66,877,620	56,720,448
Diluted (in shares)	74,001,250	69,441,639	67,292,021	67,287,231					69,663,208	66,877,620	56,720,448
Basic and diluted weighted average shares outstanding (in shares)					67,286,822	67,286,615	66,652,221	66,271,008
Basic and diluted net income (loss) per share attributable to common stockholders (in dollars per share)	$ (0.09)	$ 0	$ 0.08	$ 0.03	$ 0.09	$ 0.03	$ 0.08	$ 0.11	$ 0.01	$ 0.30	$ 0.82
Impairment charges and related lease intangible write-offs	$ 5,000								$ 5,000	$ 0	$ 0
Derivative Instruments, Gain (Loss) [Line Items]
Additional rental income and unbilled straight-line rent									6,310	10,537	$ 10,613
Revisions
Derivative Instruments, Gain (Loss) [Line Items]
Additional rental income and unbilled straight-line rent							$ 500			$ 500
Service Provider | Defendants Vs. Service Providers | Asset management fees
Derivative Instruments, Gain (Loss) [Line Items]
Litigation reserve									$ 7,400

Subsequent Events (Details)

Subsequent Events (Details) € in Millions, £ in Millions	Feb. 06, 2019USD ($)property	Feb. 06, 2019EUR (€)property	Jan. 31, 2019USD ($)shares	Jan. 31, 2019USD ($)shares	Jan. 31, 2018EUR (€)	Feb. 28, 2019USD ($)property	Feb. 28, 2019EUR (€)property	Feb. 28, 2019GBP (£)property	Dec. 31, 2017GBP (£)	Dec. 31, 2018USD ($)shares	Dec. 31, 2017USD ($)shares	Dec. 31, 2016USD ($)	Feb. 27, 2019shares	Feb. 06, 2019EUR (€)
Subsequent Event [Line Items]
Common stock, issued (in shares) | shares										76,080,625	67,287,231
Common stock, authorized (in shares) | shares										100,000,000	100,000,000
Preferred stock, authorized (in shares) | shares										16,670,000
Purchase price of property acquired										$ 479,648,000	$ 98,777,000	$ 0
Proceeds from sale of real estate										30,300,000
Mortgage notes payable
Subsequent Event [Line Items]
Outstanding loan amount										1,140,113,000	$ 992,344,000
Repayments of principal mortgage balance					€ 0.1				£ 0.8	$ 1,700,000
Subsequent Event
Subsequent Event [Line Items]
Repayments of principal mortgage balance	$ 65,300,000	€ 57.4
Proceeds from equity distribution agreement				$ 175,000,000
Expected proceeds from equity distribution agreement				$ 250,000,000
Properties to dispose | property						2	2	2
Proceeds from sale of real estate						$ 13,000,000
Subsequent Event | Mortgage notes payable
Subsequent Event [Line Items]
Outstanding loan amount	$ 84,200,000													€ 74
Number of mortgaged properties (property) | property	5	5
Debt bearing fixed interest	$ 67,400,000													€ 59.2
Percentage of debt bearing fixed interest	80.00%	80.00%
Debt bearing fixed interest, rate	1.80%													1.80%
Euribor Future | Subsequent Event | Mortgage notes payable
Subsequent Event [Line Items]
Basis spread on variable rate	1.40%	1.40%
At-the-Market Program | Subsequent Event
Subsequent Event [Line Items]
Offering proceeds			$ 152,800,000
Commissions paid			1,500,000
Stock issuance costs			$ 2,000
Common stock, issued (in shares) | shares			7,759,322	7,759,322
United States | Subsequent Event
Subsequent Event [Line Items]
Properties to dispose | property						1	1	1
Contract sales price						$ 11,400,000
United Kingdom | Subsequent Event
Subsequent Event [Line Items]
Contract sales price | £								£ 7.2
Proceeds from sale of real estate, net | £								£ 3
Germany | Subsequent Event
Subsequent Event [Line Items]
Contract sales price | €							€ 135
Proceeds from sale of real estate, net | €							€ 72.5
Minimum | Subsequent Event
Subsequent Event [Line Items]
Common stock and preferred stock authorized (in shares) | shares													116,670,000
Common stock, authorized (in shares) | shares													100,000,000
Preferred stock, authorized (in shares) | shares													16,670,000
Maximum | Subsequent Event
Subsequent Event [Line Items]
Common stock and preferred stock authorized (in shares) | shares													166,670,000
Common stock, authorized (in shares) | shares													150,000,000
Preferred stock, authorized (in shares) | shares													16,670,000
Three Lease Properties | Subsequent Event
Subsequent Event [Line Items]
Purchase price of property acquired						42,000,000
Expansion of Four Properties | Subsequent Event
Subsequent Event [Line Items]
Purchase price of property acquired						$ 11,400,000

Real Estate and Accumulated D_2

Real Estate and Accumulated Depreciation Schedule III - Part 1 (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,140,113
Initial cost, land	398,911	$ 402,318
Initial cost, buildings and improvements	2,321,534
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	24,903
Real estate, gross	2,745,348	2,543,052	$ 2,344,634	$ 2,028,010
Accumulated depreciation	220,225	$ 174,452	$ 111,321	$ 68,078
McDonalds Corporation, Carlisle, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	409
Initial cost, buildings and improvements	954
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,363
Accumulated depreciation	298
Wickes, Blackpool, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,719
Initial cost, buildings and improvements	1,846
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,565
Accumulated depreciation	486
Everything Everywhere, Merthr Tydfil, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	3,502
Initial cost, buildings and improvements	2,229
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	5,731
Accumulated depreciation	577
Thames Water, Swindon, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	3,502
Initial cost, buildings and improvements	4,139
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	7,641
Accumulated depreciation	1,051
Wickes, Tunstall, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	891
Initial cost, buildings and improvements	2,037
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,928
Accumulated depreciation	519
PPD Global Labs, Highland Heights, KY
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	1,675
Northern Rock, Sunderland, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,273
Initial cost, buildings and improvements	4,457
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	5,730
Accumulated depreciation	1,120
Wickes, Clifton, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,273
Initial cost, buildings and improvements	1,783
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,056
Accumulated depreciation	439
Con-way Freight, Aurora, NE
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	515
Con-way Freight, Grand Rapids, MI
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	437
Con-way Freight, Riverton, IL
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	248
Con-way Freight, Salina, KS
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	568
Con-way Freight, Uhrichsville, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	273
Con-way Freight, Vincennes, IN
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	218
Con-way Freight, Waite Park, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	366
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	1,148
Accumulated depreciation	215
Wolverine, Howard City, MI
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	4,168
Encanto, Baymon, PR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
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	478
Encanto, Caguas, PR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
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	688
Encanto, Carolina I, PR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
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	208
Encanto, Carolina II, PR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
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	765
Encanto, Guayama, PR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
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	228
Encanto, Mayaguez, PR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
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	265
Encanto, Ponce I, PR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
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	401
Encanto, Ponce II, PR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
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	423
Encanto, Puerto Neuvo, PR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
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	217
Encanto, Quebrada Arena, PR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	843
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	2,409
Accumulated depreciation	434
Encanto, Rio Piedras I, PR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
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	495
Encanto, Rio Piedras II, PR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
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	327
Encanto, San German, PR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
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	208
Encanto, San Juan I, PR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
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	170
Encanto, San Juan II, PR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
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	418
Encanto, San Juan III, PR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
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	324
Encanto, Toa Baja, PR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
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	177
Encanto, Vega Baja, PR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
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	423
Rheinmetall, Neuss, Germany
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	12,130
Initial cost, land	5,884
Initial cost, buildings and improvements	16,521
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	74
Real estate, gross	22,479
Accumulated depreciation	2,249
GE Aviation, Grand Rapids, MI
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	3,606
Provident Financial, Bradford, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,284
Initial cost, buildings and improvements	23,829
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	25,113
Accumulated depreciation	2,986
Crown Crest, Leicester, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	7,318
Initial cost, buildings and improvements	30,221
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	37,539
Accumulated depreciation	4,315
Trane, Davenport, IA
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	311
Aviva, Sheffield, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	2,767
Initial cost, buildings and improvements	31,352
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	34,119
Accumulated depreciation	3,988
DFS Trading, Brigg, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,292
Initial cost, buildings and improvements	3,665
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	4,957
Accumulated depreciation	522
DFS Trading, Carcroft I, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,087
Initial cost, buildings and improvements	4,304
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	5,391
Accumulated depreciation	567
DFS Trading, Carcroft II, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	295
Initial cost, buildings and improvements	2,118
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,413
Accumulated depreciation	317
DFS Trading, Darley Dale, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,272
Initial cost, buildings and improvements	3,264
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	4,536
Accumulated depreciation	475
DFS Trading, Somercotes, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	747
Initial cost, buildings and improvements	2,668
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,415
Accumulated depreciation	457
Government Services Administration, TN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	4,160
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	34,243
Accumulated depreciation	3,800
National Oilwell Varco, Williston, ND
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	599
Talk Talk, Manchester, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	747
Initial cost, buildings and improvements	8,879
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	9,626
Accumulated depreciation	1,170
Government Services Administration, Dover, DE
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	240
Government Services Administration, Germantown, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,097
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	4,670
Accumulated depreciation	448
OBI DIY, Mayen, Germany
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	5,150
Initial cost, land	1,282
Initial cost, buildings and improvements	7,654
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	8,936
Accumulated depreciation	1,088
DFS Trading, South Yorkshire, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	0
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	1,331
Accumulated depreciation	251
DFS Trading, Yorkshire, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, buildings and improvements	1,735
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,735
Accumulated depreciation	220
Government Services Administration, Dallas, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	367
Government Services Administration, Mission, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	416
Government Services Administration, International Falls, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	63
Real estate, gross	11,595
Accumulated depreciation	1,437
Indiana Department of Revenue, Indianapols, IN
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	1,012
National Oilwell Varco, Pleasanton, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	202
Initial cost, buildings and improvements	1,643
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,845
Accumulated depreciation	262
Nissan, Murfreesboro, TN
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	2,353
Government Services Administration, Lakewood, CO
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	955
Lippert Components, South Bend, IN
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	848
Axon Energy Products, Conroe, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	714
Axon Energy Products, Houston I, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	300
Axon Energy Products, Houston II, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	653
Bell Supply Co, Carrizo Springs, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	216
Bell Supply Co, Cleburne, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	54
Bell Supply Co, Frierson, LA
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	218
Bell Supply Co, Gainesville, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	179
Bell Supply Co, Killdeer, ND
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	182
Bell Supply Co, Williston, ND
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	162
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	2,485
Accumulated depreciation	305
GE Oil & Gas, Canton, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	300
Real estate, gross	3,776
Accumulated depreciation	397
GE Oil & Gas, Odessa, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	781
Lhoist, Irving, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	329
Select Energy Services, DeBerry, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	1,512
Select Energy Services, Gainesville, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	888
Select Energy Services, Victoria, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	264
Bell Supply Co, Jacksboro, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	135
Bell Supply Co, Kenedy, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	271
Select Energy Services, Alice, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	186
Select Energy Services, Dilley, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	292
Select Energy Services, Kenedy, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	1,177
Select Energy Services, Laredo, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	197
Superior Energy Services, Gainesville, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	61
Superior Energy Services, Jacksboro, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	55
Amcor Packaging, Workington, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,108
Initial cost, buildings and improvements	6,535
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	7,643
Accumulated depreciation	950
Government Services Administration, Raton, NM
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	116
Nimble Storage, San Jose, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	1,336
FedEx, Amarillo, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	941
FedEx, Chicopee, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	1,074
FedEx, San Antonio, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	3,283
Initial cost, buildings and improvements	17,756
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	21,039
Accumulated depreciation	2,156
Sandoz, Princeton, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	7,666
Wyndham, Branson, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	425
Valassis, Livonia, MI
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	957
Government Services Administration, Fort Fairfield, ME
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	1,050
AT&T Services, Inc., San Antonio, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	4,596
PNC Bank, Erie, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	706
PNC Bank, Scranton, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	351
Achmea, Leusden, Netherlands
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	2,913
Initial cost, buildings and improvements	22,704
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	99
Real estate, gross	25,716
Accumulated depreciation	2,557
Continental Tire, For Mill, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	1,620
Fujitsu Office Properties, Manchester, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	3,596
Initial cost, buildings and improvements	38,927
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	42,523
Accumulated depreciation	4,491
BP Oil, Wootton Bassett, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	583
Initial cost, buildings and improvements	2,521
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,104
Accumulated depreciation	309
HBOS, Derby, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	585
Initial cost, buildings and improvements	5,896
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	6,481
Accumulated depreciation	747
HBOS, St. Helens, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	222
Initial cost, buildings and improvements	3,341
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,563
Accumulated depreciation	427
HBOS, Warrington, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	423
Initial cost, buildings and improvements	1,996
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,419
Accumulated depreciation	275
Malthurst, Shiptonthorpe, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	268
Initial cost, buildings and improvements	1,908
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,176
Accumulated depreciation	258
Malthurst, Yorkshire, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	476
Initial cost, buildings and improvements	1,249
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,725
Accumulated depreciation	221
Stanley Black & Decker, Westerville, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	816
Thermo Fisher, Kalamazoo, MI
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	1,138
Capgemini, Birmingham, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,585
Initial cost, buildings and improvements	15,028
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	16,613
Accumulated depreciation	1,816
Merck, Madison, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	0
Real estate, gross	42,820
Accumulated depreciation	3,595
Family Dollar, Abberville, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	90
Family Dollar, Aiken, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	77
Family Dollar, Alapaha, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	79
Family Dollar, Anniston, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	86
Family Dollar, Atlanta, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	146
Family Dollar, Bossier City, LA
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	71
Family Dollar, Brandenburg, KY
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	102
Family Dollar, Brownfield, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	81
Family Dollar, Brownsville, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	99
Family Dollar, Caledonia, MS
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	38
Family Dollar, Camden, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	88
Family Dollar, Camp Wood, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	84
Family Dollar, Church Point, LA
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	78
Family Dollar, Columbia, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	77
Family Dollar, Columbus, MS
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	18
Family Dollar, Danville, VA
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	86
Family Dollar, Detroit, MI
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	80
Family Dollar, Diamond Head, MS
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	105
Family Dollar, Falfurrias, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	84
Family Dollar, Fayetteville, NC
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	52
Family Dollar, Fort Davis, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	100
Family Dollar, Fort Madison, IA
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	36
Family Dollar, Greenwood, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	70
Family Dollar, Grenada, MS
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	57
Family Dollar, Griffin, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	100
Family Dollar, Hallsville, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	27
Family Dollar, Hardeeville, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	90
Family Dollar, Hastings, NE
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	64
Family Dollar, Haw River, NC
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	96
Family Dollar, Kansas City, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	109
Family Dollar, Knoxville, TN
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	96
Family Dollar, La Feria, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	113
Family Dollar, Lancaster, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	106
Family Dollar, Lillian, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	72
Family Dollar, Louisville, KY
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	74
Family Dollar, Louisville, MS
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	64
Family Dollar, Madisonville, KY
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	83
Family Dollar, Memphis I, TN
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	75
Family Dollar, Memphis II, TN
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	52
Family Dollar, Memphis III, TN
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	49
Family Dollar, Mendenhall, MS
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	92
Family Dollar, Mobile, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	87
Family Dollar, Mohave Valley, AZ
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	97
Family Dollar, N Platte, NE
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	28
Family Dollar, Nampa, ID
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	139
Family Dollar, Newberry, MI
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	191
Family Dollar, North Charleston I, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	92
Family Dollar, North Charleston II, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	85
Family Dollar, Oklahoma City, OK
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	134
Family Dollar, Paulden, AZ
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	62
Family Dollar, Poteet, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	36
Family Dollar, Rockford, IL
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	141
Family Dollar, Roebuck, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	87
Family Dollar, San Angelo, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	50
Family Dollar, St. Louis, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	157
Family Dollar, Tyler, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	83
Family Dollar, Union, MS
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	82
Family Dollar, Williamston, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	81
Government Services Administration, Rangeley, ME
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	583
Hewlett-Packard, Newcastle, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,095
Initial cost, buildings and improvements	18,230
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	19,325
Accumulated depreciation	2,055
Inteir Automotive, Redditch, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,131
Initial cost, buildings and improvements	8,952
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	10,083
Accumulated depreciation	1,122
Waste Management, Winston-Salem, NC
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	373
FedEx, Winona, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	236
Dollar General, Allen, OK
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	96
Dollar General, Cherokee, KS
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	94
Dollar General, Clearwater, KS
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	96
Dollar General, Dexter, NM
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	71
Dollar General, Elmore City, OK
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	92
Dollar General, Eunice, NM
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	70
Dollar General, Gore, OK
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	99
Dollar General, Kingston, OK
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	96
Dollar General, Lordsburg, NM
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	87
Dollar General, Lyons, KS
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	117
Dollar General, Mansfield, LA
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	99
Dollar General, Neligh, NE
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	123
Dollar General, Norman, OK
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	111
Dollar General, Peggs, OK
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	106
Dollar General, Santa Rosa, NM
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	70
Dollar General, Sapulpa, OK
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	93
Dollar General, Schuyler, NE
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	108
Dollar General, Tahlequah, OK
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	111
Dollar General, Townville, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	113
Dollar General, Valley Falls, KS
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	109
Dollar General, Wymore, NE
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	105
FedEx, Bohemia, NY
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	2,400
FedEx, Watertown, NY
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	614
Shaw Aero, Naples, FL
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	2,469
Mallinckrodt, St. Louis, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	1,880
Kuka Warehouse, Sterling Heights, MI
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	1,205
Trinity Health, Livonia, MI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	4,680
Initial cost, buildings and improvements	11,568
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	1,583
Real estate, gross	17,831
Accumulated depreciation	1,734
Trinity Health, Livonia, MI II
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	2,093
Real estate, gross	22,940
Accumulated depreciation	2,098
FedEx, Hebron, KY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,106
Initial cost, buildings and improvements	7,750
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	109
Real estate, gross	8,965
Accumulated depreciation	926
FedEx, Lexington, KY
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	927
GE Aviation, Cincinnati, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	1,174
Bradford & Bingley, Bingley, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	4,247
Initial cost, buildings and improvements	10,663
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	14,910
Accumulated depreciation	1,291
DNV GL, Dublin, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	126
Real estate, gross	5,775
Accumulated depreciation	377
Rexam, Reckinghausen, Germany
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	5,876
Initial cost, land	807
Initial cost, buildings and improvements	11,358
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	12,165
Accumulated depreciation	1,258
CJ Energy, Houston, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	1,106
FedEx, Lake Charles, LA
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	980
Family Dollar, Big Sandy, TN
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	94
Family Dollar, Boling, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	95
Family Dollar, Bonifay, FL
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	102
Family Dollar, Brownsville, TN
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	107
Family Dollar, Brundidge, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	119
Family Dollar, Buena Vista, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	143
Family Dollar, Calvert, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	97
Family Dollar, Chocowinty, NC
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	74
Family Dollar, Clarksville, TN
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	150
Family Dollar, Fort Mill, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	100
Family Dollar, Hillsboro, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	81
Family Dollar, Lake Charles, LA
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	93
Family Dollar, Lakeland, FL
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	102
Family Dollar, Lansing, MI
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	151
Family Dollar, Laurens, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	98
Family Dollar, Marion, MS
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	96
Family Dollar, Marsing, ID
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	124
Family Dollar, Montgomery I, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	132
Family Dollar, Monticello, FL
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	97
Family Dollar, Monticello, UT
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	146
Family Dollar, North Little Rock, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	102
Family Dollar, Oakdale, LA
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	87
Family Dollar, Orlando, FL
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	89
Family Dollar, Port St. Lucie, FL
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	119
Family Dollar, Prattville, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	135
Family Dollar, Prichard, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	99
Family Dollar, Quinlan, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	96
Family Dollar, Rigeland, MS
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	109
Family Dollar, Rising Star, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	84
Family Dollar, Southaven, MS
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	144
Family Dollar, Spout Springs, NC
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	90
Family Dollar, St. Petersburg, FL
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	112
Family Dollar, Standish, ME [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	113
Family Dollar, Swansboro, NC
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	139
Panasonic, Hudson, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	777
Onguard, Havre De Grace, MD
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	1,030
Axon Energy Products, Houston, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	264
Metro Tonic, Halle Peissen, Germany
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	30,326
Initial cost, land	6,954
Initial cost, buildings and improvements	48,721
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	55,675
Accumulated depreciation	5,978
Tokmanni, Matsala, Finland
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	33,159
Initial cost, land	1,802
Initial cost, buildings and improvements	54,543
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	56,345
Accumulated depreciation	6,305
Fife Council, Dunfermline, UK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	335
Initial cost, buildings and improvements	4,326
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	4,661
Accumulated depreciation	485
Family Dollar, Doerun, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	92
Family Dollar, Old Hickory, TN
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	108
Government Services Administration, Rapid City, SD
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	884
KPN BV, Houten, Netherlands
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,613
Initial cost, buildings and improvements	19,738
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	21,351
Accumulated depreciation	2,088
RWE AG, Essen I, Germany
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	29,911
Initial cost, land	0
Initial cost, buildings and improvements	0
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	0
Accumulated depreciation	0
RWE AG, Essen II, Germany
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	16,917
Initial cost, land	0
Initial cost, buildings and improvements	0
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	0
Accumulated depreciation	0
RWE AG, Essen III, Germany
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	24,696
Initial cost, land	0
Initial cost, buildings and improvements	0
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	0
Accumulated depreciation	0
Follett School, McHenry, IL
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	2,035
Quest Diagnostics, Inc., Santa Clarita, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	7,168
Diebold, North Canton, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	1,133
Weatherford International, Odessa, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	320
AM Castle, Wichita, KS
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	676
FedEx, Billerica, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	830
Constellium Auto, Wayne, MI
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	3,614
C&J Energy II, Houston, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	2,172
Fedex VII, Salina, UT
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	487
Fedex VIII, Pierre, SD
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	444
Crown Group, Fraser, MI
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	365
Crown Group, Jonesville, MI
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	305
Crown Group, Warren, MI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	166
Initial cost, buildings and improvements	1,854
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	2,020
Accumulated depreciation	318
Crown Group, Logansport, IN
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	592
Crown Group, Madison, IN
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	692
Crown Group, Marion, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	795
JIT Steel Services, Chattanooga, TN
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	275
JIT Steel Services, Chattanooga, TN
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	171
Mapes & Sprowl Steel, Ltd., Elk Grove, IL
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	420
Beacon Health System, Inc., South Bend, IN
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	751
National Oilwell, Pleasanton, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	80
Initial cost, buildings and improvements	3,372
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,452
Accumulated depreciation	320
Office Depot, Venlo, NETH
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	3,569
Initial cost, buildings and improvements	15,783
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	19,352
Accumulated depreciation	1,554
Finnair, Helsinki, FIN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	32,501
Initial cost, land	2,575
Initial cost, buildings and improvements	73,384
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	75,959
Accumulated depreciation	6,481
Hannibal, Houston, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	953
FedEx Ground, Mankato, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	744
Auchan
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	9,498
Initial cost, land	4,143
Initial cost, buildings and improvements	13,476
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	17,619
Accumulated depreciation	914
DCNS, Guipavas, France
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	10,872
Initial cost, land	1,934
Initial cost, buildings and improvements	14,669
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	16,603
Accumulated depreciation	820
DB Luxembourg
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	41,198
Initial cost, land	14,781
Initial cost, buildings and improvements	50,276
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	306
Real estate, gross	65,363
Accumulated depreciation	2,609
FedEx, Greensboro, NC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,820
Initial cost, buildings and improvements	8,252
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	10,072
Accumulated depreciation	580
Foster Wheeler
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	26,938
Initial cost, buildings and improvements	73,692
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	100,630
Accumulated depreciation	3,816
Harper Collins
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	10,061
Initial cost, buildings and improvements	51,391
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	61,452
Accumulated depreciation	2,880
ID Logistics, Landersheim, France
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	6,294
Initial cost, land	1,972
Initial cost, buildings and improvements	8,287
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	10,259
Accumulated depreciation	458
ID Logistics II
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	5,722
Initial cost, land	3,044
Initial cost, buildings and improvements	6,157
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	9,201
Accumulated depreciation	358
ID Logistics I, Germany
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	4,578
Initial cost, land	1,362
Initial cost, buildings and improvements	9,006
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	10,368
Accumulated depreciation	475
ING Amsterdam
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	50,353
Initial cost, land	0
Initial cost, buildings and improvements	74,520
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	275
Real estate, gross	74,795
Accumulated depreciation	3,808
NCR Dundee
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	2,560
Initial cost, buildings and improvements	8,189
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	10,749
Accumulated depreciation	515
Pole Emploi
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	6,637
Initial cost, land	816
Initial cost, buildings and improvements	8,601
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	9,417
Accumulated depreciation	443
Sagemcom
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	41,083
Initial cost, land	3,075
Initial cost, buildings and improvements	73,867
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	76,942
Accumulated depreciation	3,824
Worldline
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	5,722
Initial cost, land	1,156
Initial cost, buildings and improvements	5,502
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	6,658
Accumulated depreciation	391
Cott Beverages Inc, Sikeston, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	456
Initial cost, buildings and improvements	8,291
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	8,747
Accumulated depreciation	409
FedEx, Great Falls, MT
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	326
Initial cost, buildings and improvements	5,439
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	5,765
Accumulated depreciation	345
FedEX, Morgantown, WV
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	4,661
Initial cost, buildings and improvements	8,401
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	13,062
Accumulated depreciation	421
Bridgestone Tire, Mt. Olive Township, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	916
Initial cost, buildings and improvements	5,088
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	6,004
Accumulated depreciation	186
NSA-St. Johnsbury I, St. Johnsbury, VT
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	270
Initial cost, buildings and improvements	3,858
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	4,128
Accumulated depreciation	134
NSA-St. Johnsbury II, St. Johnsbury, VT
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	210
Initial cost, buildings and improvements	1,753
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	1,963
Accumulated depreciation	60
NSA-St. Johnsbury III, St. Johnsbury, VT
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	300
Initial cost, buildings and improvements	3,936
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	4,236
Accumulated depreciation	152
GKN Aerospace, Blue Ash, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	790
Initial cost, buildings and improvements	4,079
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	4,869
Accumulated depreciation	137
Tremec, Wixon, MI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,002
Initial cost, buildings and improvements	17,376
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	18,378
Accumulated depreciation	588
NSA Industries, Groveton, NH [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	59
Initial cost, buildings and improvements	3,517
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,576
Accumulated depreciation	90
Cummins, Omaha, NE
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,448
Initial cost, buildings and improvements	6,469
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	7,917
Accumulated depreciation	203
Government Services Administration, Gainsville, FL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	451
Initial cost, buildings and improvements	6,016
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	6,467
Accumulated depreciation	158
Chemours, Pass Christian, MS
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	382
Initial cost, buildings and improvements	16,149
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	16,531
Accumulated depreciation	409
Lee Steel, Wyoming, MI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	504
Initial cost, buildings and improvements	7,256
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	7,760
Accumulated depreciation	143
LSI Steel I, Chicago, IL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	3,341
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	4,522
Accumulated depreciation	23
LSI Steel II, Chicago, IL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,792
Initial cost, buildings and improvements	5,615
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	7,407
Accumulated depreciation	106
LSI Steel IV, Chicago, IL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	2,856
Initial cost, buildings and improvements	948
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,804
Accumulated depreciation	20
Fiat Chrylser, Sterling Heights, MI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,855
Initial cost, buildings and improvements	13,623
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	15,478
Accumulated depreciation	308
Contractors Steel, Belleville, MI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	2,862
Initial cost, buildings and improvements	25,878
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	28,740
Accumulated depreciation	416
Contractors Steel, Hammond, IN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,970
Initial cost, buildings and improvements	8,859
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	10,829
Accumulated depreciation	167
Contractors Steel, Livonia, MI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	933
Initial cost, buildings and improvements	8,554
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	9,487
Accumulated depreciation	127
Contractors Steel, Twinsburg, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	729
Initial cost, buildings and improvements	8,707
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	9,436
Accumulated depreciation	132
Contractors Steel, Wyoming, MI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	970
Initial cost, buildings and improvements	12,426
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	13,396
Accumulated depreciation	196
FedEx, Blackfoot, ID
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	350
Initial cost, buildings and improvements	6,882
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	7,232
Accumulated depreciation	183
DuPont Pioneer, Spencer, IA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	273
Initial cost, buildings and improvements	6,718
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	6,991
Accumulated depreciation	117
Rubbermain, Akron, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,221
Initial cost, buildings and improvements	17,145
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	18,366
Accumulated depreciation	184
NetScout, Allen, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	2,115
Initial cost, buildings and improvements	41,486
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	43,601
Accumulated depreciation	439
Bush Industries, Jamestown, NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,535
Initial cost, buildings and improvements	14,818
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	16,353
Accumulated depreciation	100
FedEx, Greenville, NC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	581
Initial cost, buildings and improvements	9,744
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	10,325
Accumulated depreciation	123
Penske, Romulus, MI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	70,000
Initial cost, land	4,701
Initial cost, buildings and improvements	105,826
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	110,527
Accumulated depreciation	474
NSA Industries, Georgetown, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,100
Initial cost, buildings and improvements	6,059
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	7,159
Accumulated depreciation	12
LKQ Corp., Cullman, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	61
Initial cost, buildings and improvements	3,781
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	3,842
Accumulated depreciation	0
Grupo Antolin North America, Inc.
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,941
Initial cost, buildings and improvements	41,648
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	43,589
Accumulated depreciation	0
Walgreens, Pittsburgh, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	1,701
Initial cost, buildings and improvements	13,718
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	15,419
Accumulated depreciation	0
VersaFlex, Kansas City, KS
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost, land	526
Initial cost, buildings and improvements	7,577
Costs capitalized subsequent to acquisition, land	0
Costs capitalized subsequent to acquisition, buildings and improvements	0
Real estate, gross	8,103
Accumulated depreciation	0
Various Properties
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 611,140

Real Estate and Accumulated D_3

Real Estate and Accumulated Depreciation Schedule III - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Acquired intangible assets	$ 675,600
Cost for income tax purposes	3,700,000
Accumulated Amortization	$ 217,748	$ 165,476
Useful life, buildings	40 years
Useful life, land improvements	15 years
Useful life, fixtures	5 years
Mortgage notes payable
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Deferred financing costs	$ 9,737	5,541
Mortgage discount	569	1,927
Term Loan	1,140,113	992,344
GBP | Mortgage notes payable
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Term Loan	292,890	301,141
USD | Mortgage notes payable
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Term Loan	474,600	300,988
UK Multi-Property Cross Collateralized Loan | GBP | Mortgage notes payable
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Term Loan	292,890	0
U.S. Multi-Tenant Mortgage Loan I | USD | Mortgage notes payable
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Term Loan	187,000	187,000
U.S Multi-Tenant Mortgage Loan II | USD | Mortgage notes payable
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Term Loan	32,750	0
U.S. Multi-Tenant Mortgage Loan III | USD | Mortgage notes payable
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Term Loan	$ 98,500	$ 0

Real Estate and Accumulated D_4

Real Estate and Accumulated Depreciation Schedule III - Part 2 (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Real estate investments, at cost:
Balance at beginning of year	$ 2,543,052	$ 2,344,634	$ 2,028,010
Additions-Acquisitions	420,529	88,231	463,327
Asset remeasurement	0	(8,559)	0
Asset dispositions	(32,110)	(15,145)	0
Transfer to assets held for sale	(123,021)	0	0
Impairment charge	(1,603)	0	0
Currency translation adjustment	(61,499)	133,891	(69,640)
Balance at end of the year	2,745,348	2,543,052	2,344,634
Accumulated depreciation and amortization:
Balance at beginning of year	174,452	111,321	68,078
Depreciation expense	64,849	59,385	50,333
Asset dispositions	(3,861)	(2,122)	(3,012)
Transfer to assets held for sale	(10,633)	0	0
Currency translation adjustment	(4,582)	5,868	(4,078)
Balance at end of the year	$ 220,225	$ 174,452	$ 111,321