United Realty Trust 10-Q 14 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Jul. 31, 2014
Document And Entity Information	'	'
Entity Registrant Name	'United Realty Trust Inc	'
Entity Central Index Key	'0001536256	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity a Well-known Seasoned Issuer	'No	'
Entity a Voluntary Filer	'No	'
Entity's Reporting Status Current	'Yes	'
Entity Filer Category	'Non-accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	1,080,907
Document Fiscal Period Focus	'Q2	'
Document Fiscal Year Focus	'2014	'

CONSOLIDATED_BALANCE_SHEETS_Un

CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Real estate Investments:	'	'
Land	$7,686,548	$4,870,933
Building and improvements	26,584,676	16,426,448
Real Estate Investments, gross	34,271,224	21,297,381
Less: accumulated depreciation	822,219	462,871
Real Estate Investments	33,449,005	20,834,510
Mortgage note receivable	1,500,000	1,500,000
Real estate Investments, net	34,949,005	22,334,510
Cash and cash equivalents	227,180	520,449
Restricted cash	1,130,005	609,259
Prepaid expenses	83,178	227,042
Deferred offering costs	2,188,873	'
Deposit on real estate	'	100,000
Due from affiliates	86,101	15,759
Tenant and other receivables, net	99,275	280,983
Deferred rent receivable	7,962	'
Other assets	58,216	65,343
Acquired lease intangible asset, net of accumulated amortization	3,210,611	2,150,515
Deferred charges, net of accumulated amortization	2,437,419	1,638,487
Total assets	44,477,825	27,942,347
Liabilities	'	'
Mortgage notes payable	26,033,552	15,855,304
Preferred loans payable	3,800,000	'
Acquired lease intangibles liability, net of accumulated amortization	938,772	787,554
Tenant security deposits	82,158	21,508
Dividends payable	62,857	43,679
Accounts payable	602,641	283,265
Total Liabilities	31,519,980	16,991,310
Commitments and contingencies	'	'
Equity:	'	'
Preferred stock, $.01 par value 50,000,000 shares authorized; 500,000 shares issued and outstanding	50,000	50,000
Common stock, $.01 par value 200,000,000 shares authorized; 1,002,443 and 673,727 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively	10,025	6,737
Additional paid-in-capital	9,218,328	6,110,988
Accumulated deficit	-4,777,836	-3,685,931
Total United Realty Trust Incorporated stockholders' equity	4,500,517	2,481,794
Noncontrolling interests	'	'
Noncontrolling interests in consolidated joint venture	8,435,027	8,435,027
Limited partners' interest in Operating Partnership	22,301	34,216
Total noncontrolling interests	8,457,328	8,469,243
Total equity	12,957,845	10,951,037
Total liabilities and equity	$44,477,825	$27,942,347

CONSOLIDATED_BALANCE_SHEETS_Un1

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, authorized	50,000,000	50,000,000
Preferred stock, issued	500,000	500,000
Preferred stock, outstanding	500,000	500,000
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, authorized	200,000,000	200,000,000
Common stock, issued	1,002,443	673,727
Common stock, outstanding	1,002,443	673,727

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenues	'	'	'	'
Base rents	$862,921	$668,455	$1,585,626	$687,156
Recoveries from tenants	192,749	79,932	272,683	79,932
Other	992	'	1,692	'
Total revenues	1,056,662	748,387	1,860,001	767,088
Operating expenses	'	'	'	'
Property operating	184,675	78,464	326,451	78,464
Property taxes	102,821	84,080	195,369	84,081
General & administrative expenses	108,973	147,104	193,656	786,686
Depreciation and amortization	341,831	181,342	612,421	185,661
Acquisition transaction costs	448,683	54,187	449,528	1,387,757
Total operating expenses	1,186,983	545,177	1,777,425	2,522,648
Operating income (loss)	-130,321	203,210	82,576	-1,755,560
Non-operating expenses	'	'	'	'
Interest expense	-319,314	-183,216	-514,498	-189,258
Amortization of deferred financing costs	-31,790	-22,733	-58,366	-23,466
Net loss	-481,425	-2,739	-490,288	-1,968,284
Noncontrolling interests:	'	'	'	'
Net income attributable to noncontrolling interest	-141,488	-131,250	-284,702	-135,484
Net loss and comprehensive loss attributable to United Realty Trust Incorporated	($622,913)	($133,989)	($774,990)	($2,103,768)
Net loss per common share:	'	'	'	'
Basic and diluted (in dollars per share)	($0.67)	($0.27)	($0.94)	($5.32)
Weighted average number of common shares outstanding	'	'	'	'
Basic and diluted (in shares)	926,620	499,541	827,585	395,245
Distributions per share	$0.19	$0.19	$0.38	$0.38

CONSOLIDATED_STATEMENTS_OF_EQU

CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) (USD $)	Preferred stock [Member]	Common Shares [Member]	Additional capital paid-in [Member]	Retained earnings (Accumulated deficit) [Member]	Noncontrolling interest [Member]	Total
Balance, beginning at Dec. 31, 2013	$50,000	$6,737	$6,110,988	($3,685,931)	$8,469,243	$10,951,037
Balance, beginning (in shares) at Dec. 31, 2013	500,000	673,727	'	'	'	'
Proceeds from the sale of common stock	'	3,044	3,174,736	'	'	4,576,410
Proceeds from the sale of common stock (in shares)	'	304,309	'	'	'	'
Distributions paid to noncontrolling interests	'	'	'	'	-284,702	'
Amortization of restricted stock	'	'	36,000	'	'	'
Shares issued under the stock incentive plan	'	207	194,573	'	'	'
Shares issued under the stock incentive plan (in shares)	'	20,699	'	'	'	'
Registration expenditures	'	'	-346,920	'	'	'
Distributions declared	'	'	'	-316,915	'	'
Issuance of shares under distribution reinvestment program	'	127	126,946	'	'	127,073
Issuance of shares under distribution reinvestment program (in shares)	'	12,707	'	'	'	'
Redemption of common stock	'	-90	-89,910	'	'	-90,000
Redemption of common stock (in shares)	'	-9,000	'	'	'	'
Net loss	'	'	'	-774,990	284,702	-490,288
Reallocation adjustment of limited partners interest	'	'	11,915	'	-11,915	284,344
Balance, ending at Jun. 30, 2014	$50,000	$10,025	$9,218,328	($4,777,836)	$8,457,328	$12,957,845
Balance, ending (in shares) at Jun. 30, 2014	500,000	1,002,443	'	'	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
Net loss	($490,288)	($1,968,284)
Adjustments to reconcile net loss to cash used in operating activities:	'	'
Depreciation and amortization	612,421	185,661
Amortization of deferred financing costs	58,366	23,466
Amortization of above/(below)-market rent	26,669	-3,906
Amortization of restricted stock	36,000	77,850
Deferred rents receivable	-7,962	'
Change in operating assets and liabilities	'	'
Restricted cash - operating	-356,464	-321,029
Prepaid expenses	187,809	-99,325
Tenant and other receivables	181,708	-246,168
Due to affiliates	124,438	-1,116,608
Prepaid rent	'	76,535
Accounts payable	275,429	120,569
Net cash provided by (used in) operating activities	648,126	-3,271,241
CASH FLOWS FROM INVESTING ACTIVITIES	'	'
Acquisition of real estate	-14,535,000	-14,750,000
Restricted cash - investing	-103,632	-34,544
Deposit on real estate	100,000	'
Net cash flows used in investing activities	-14,538,632	-14,784,544
CASH FLOWS FROM FINANCING ACTIVITIES	'	'
Proceeds from the sale of common stock	3,177,780	3,352,635
Registration expenditures	-346,920	-335,226
Redemption of common stock	-90,000	'
Proceeds from mortgage notes payable	10,300,000	14,500,000
Principal repayments on mortgage	-121,752	-34,179
Proceeds from preferred loans payable	3,800,000	'
Deferred financing and other costs	-477,632	-454,657
Deferred offering costs	-2,188,873	'
Distribution paid to noncontrolling interest	-284,702	-135,484
Distributions paid to common stockholders	-170,664	-68,908
Net cash provided by financing activities	13,597,237	16,824,184
Net decrease in cash and cash equivalents	-293,269	-1,231,600
Cash and cash equivalents at beginning of period	520,449	1,246,264
Cash and cash equivalents at end of period	227,180	14,664
Supplemental disclosure of cash activities:	'	'
Cash paid for interest	461,921	128,841
Purchase accounting allocations:	'	'
Acquired lease intangible assets	2,490,807	1,812,800
Acquired lease intangible liability	154,125	-291,625
Non-controlling interest	'	7,850,000
Investment in mortgage notes receivable	'	($1,151,000)

Organization

Organization	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization	'
	1	Organization
	United Realty Trust Incorporated (“we,” “us,” “our,” or the “Company”) was formed on November 8, 2011 as a Maryland corporation and intends to qualify as a real estate investment trust (“REIT”) for U.S. federal income tax purposes beginning with the taxable year ended December 31, 2013. Substantially all of the Company’s business is conducted through United Realty Capital Operating Partnership, L.P. (the “Operating Partnership,” or “OP”), a Delaware limited partnership formed on November 8, 2011. The Company is the general partner of the Operating Partnership and holds both general and limited partnership interests in the Operating Partnership. As the Company completes the settlement for the purchase orders for shares of the Company’s common stock, par value $0.01 per share (“Common Shares”) in its continuous public offering, it will transfer substantially all of the net proceeds of the offering to the Operating Partnership in exchange for OP Units (as defined below).
	At June 30, 2014, the Company owned a 99.1% economic interest, or 1,002,443 units, in the Operating Partnership. At June 30, 2014, the non-controlling limited partners’ in the Operating Partnership held a 0.9% interest, or 9,273 units, represented by Operating Partnership Units (“OP Units”). The carrying amount of such interest is adjusted at the end of each reporting period to an amount equal to the limited partners’ ownership percentage of the Operating Partnership’s net equity. The 1,011,716 OP Units outstanding at June 30, 2014 are economically equivalent to the Company’s Common Stock.
	The Company was organized to invest in a diversified portfolio of income-producing commercial real estate properties and other real estate-related assets. On November 25, 2011, United Realty Advisor Holdings LLC, a Delaware limited liability Company (the “Sponsor”) purchased 500,000 shares of preferred stock for $50,000.
	The Company is offering to the public 100,000,000 Common Shares in its primary offering and 20,000,000 Common Shares pursuant to its distribution reinvestment program (“DRIP”). The Company may reallocate the Common Shares offered between the primary offering and the DRIP. The Company expects to sell the Common Shares offered in the primary offering until August 15, 2015.
	The Company intends to invest primarily in interests in real estate located in the United States, with a primary focus on the eastern United States and in markets that the Company believes are likely to benefit from favorable demographic changes, or that the Company believes are poised for strong economic growth. The Company may invest in interests in a wide variety of commercial property types, including office, industrial, retail and hospitality properties, single-tenant properties, multifamily properties, age-restricted residences, and in other real estate-related assets. The Company may acquire assets directly or through joint ventures, by making an equity investment in a project or by making a mezzanine or bridge loan with a right to acquire equity in the project. The Company also may buy debt secured by an asset with a view toward acquiring the asset through foreclosure. The Company also may originate or invest in mortgages, bridge or mezzanine loans and tenant-in-common interests, or entities that make investments similar to the foregoing. Further, the Company may invest in real estate-related securities, including securities issued by other real estate companies.
	The Company’s advisor is United Realty Advisors LP (the “Advisor”), a Delaware limited partnership formed on July 1, 2011. The Advisor conducts the Company’s operations and manages the portfolio of real estate investments. As of June 30, 2014, the Company owned a 69.2 % interest in a joint venture that owns a residential property located at 2520 Tilden Avenue in Brooklyn, New York (“Tilden House”), a 14.6% interest in a joint venture that owns a residential property known as 14 Highland Ave., Yonkers, New York (“14 Highland”), and a medical building located at 945 82nd Parkway, Myrtle Beach, SC (“Parkway”). In addition, as of June 30, 2014, the Company owned a 76.7% interest in a joint venture that owns a mortgage note secured by properties located at 58 and 70 Parker Avenue, in Poughkeepsie, NY.

Basis_of_Presentation_and_Summ

Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Basis of Presentation and Summary of Significant Accounting Policies	'
	2	Basis of Presentation and Summary of Significant Accounting Policies
	Basis of Presentation and Principles of Consolidation
	The accompanying consolidated financial statements are prepared on an accrual basis in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the disclosures required by GAAP for complete financial statement disclosures. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Results of operations for the three and six month period ended June 30, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014. It is suggested that these financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2013.
	The consolidated financial statements include the accounts of the Company and those of its subsidiaries, which are wholly owned or controlled by the Company. Entities which the Company does not control through its voting interest and entities which are variable interest entities (“VIEs”), but where it is not the primary beneficiary, are accounted for under the equity method. All significant intercompany balances and transactions have been eliminated.
	The Company follows the Financial Accounting Standards Board (“FASB”) guidance for determining whether an entity is a VIE and requires the performance of a qualitative rather than a quantitative analysis to determine the primary beneficiary of a VIE. Under this guidance, an entity would be required to consolidate a VIE if it has (i) the power to direct the activities that most significantly impact the entity’s economic performance and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could be significant to the VIE. A non-controlling interest in a consolidated subsidiary is defined as the portion of the equity (net assets) in a subsidiary not attributable, directly or indirectly, to a parent. Non-controlling interests are required to be presented as a separate component of equity in the consolidated balance sheet. This guidance modifies the presentation of net income by requiring earnings and other comprehensive income to be attributed to controlling and non-controlling interests.
	The Company assesses the accounting treatment for each joint venture. This assessment includes a review of each joint venture or limited liability company agreement to determine which party has what rights and whether those rights are protective or participating. For all VIEs, the Company reviews such agreements in order to determine which party has the power to direct the activities that most significantly impact the entity’s economic performance. In situations where the Company or its partner approves, among other things, the annual budget, receives a detailed monthly reporting package from the Company, meets on a quarterly basis to review the results of the joint venture, reviews and approves the joint venture’s tax return before filing, and approves all leases that cover more than a nominal amount of space relative to the total rentable space at each property, the Company does not consolidate the joint venture as it considers these to be substantive participation rights that result in shared power of the activities that most significantly impact the performance of the joint venture. At June 30, 2014, the Company deemed its investment in 14 Highland to be a VIE since it has an economic interest greater than its voting proportion, and the Company participates in the management activities that significantly impact the performance of the joint venture. Included in real estate investments on the Company’s consolidated balance sheets as of June 30, 2014 and December 31, 2013 is approximately $2.0 million related to the Company’s consolidated VIEs. Included in mortgage notes payable on the Company’s consolidated balance sheet as of June 30, 2014 and December 31, 2013 is approximately $1.5 million related to the Company’s consolidated VIEs.
	Use of Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the disclosure of contingent assets and liabilities, the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the periods covered by the financial statements. Actual results could differ from these estimates.
	Reclassification
	Certain prior period amounts have been reclassified to conform to the current period’s presentation of amortization of deferred finance costs.
	Fair Value Measurements
	The Company measures the fair value of financial instruments based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, a fair value hierarchy distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity and the reporting entity’s own assumptions about market participant assumptions. In accordance with the fair value hierarchy, Level 1 assets/liabilities are valued based on quoted prices for identical instruments in active markets, Level 2 assets/liabilities are valued based on quoted prices in active markets for similar instruments, on quoted prices in less active or inactive markets, or on other “observable” market inputs and Level 3 assets/liabilities are valued based significantly on “unobservable” market inputs.
	Financial Instruments Not Measured at Fair Value
	The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents, restricted cash, prepaid expenses, deferred offering costs, deposit on real estate, tenant and other receivables, due from affiliates, other assets, accounts payable and accrued expenses, dividends and distributions payable, and tenant security deposits approximate their fair values based on their short-term maturity. The Company has determined that the carrying value of mortgage notes payable and preferred loans payable approximate their fair value based on prevailing market rates for loans of similar risk and maturities.
	Real Estate Investments
	All costs related to the improvement or replacement of real estate properties are capitalized. Additions, renovations and improvements that enhance and/or extend the useful life of a property are also capitalized. Expenditures for ordinary maintenance, repairs and improvements that do not materially prolong the normal useful life of an asset are charged to operations as incurred. The Company expenses transaction costs associated with business combinations in the period incurred.
	Upon the acquisition of real estate properties, the fair value of the real estate purchased is allocated to the acquired tangible assets (consisting of land, building and improvements), and acquired intangible assets and liabilities (consisting of above-market and below-market leases and acquired in-place leases). Acquired lease intangible assets include above-market leases and acquired in-place leases in the accompanying consolidated balance sheet. The fair value of the tangible assets of an acquired property is determined by valuing the property as if it were vacant, which value is then allocated to land, building and improvements based on management’s determination of the relative fair values of these assets. In valuing an acquired property’s intangibles, factors considered by management include an estimate of carrying costs during the expected lease-up periods, and estimates of lost rental revenue during the expected lease-up periods based on its evaluation of current market demand. Management also estimates costs to execute similar leases, including leasing commissions, tenant improvements, legal and other related costs. Leasing commissions, legal and other related costs (“lease origination costs”) are classified as deferred charges in the accompanying consolidated balance sheets.
	The value of in-place leases is measured by the excess of (i) the purchase price paid for a property after adjusting existing in-place leases to market rental rates, over (ii) the estimated fair value of the property as if vacant. Above-market and below-market lease values are recorded based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between the contractual amounts to be received and management’s estimate of market lease rates, measured over the terms of the respective leases that management deemed appropriate at the time of acquisition. Such valuations include a consideration of the non-cancellable terms of the respective leases as well as any applicable renewal periods. The fair values associated with below-market rental renewal options are determined based on the Company’s experience and the relevant facts and circumstances that existed at the time of the acquisitions. The value of the above-market and below-market leases associated with the original lease term is amortized to rental income and recorded as either an increase (in the case of below market leases) or decrease (in the case of above market leases), over the terms of the respective leases and option periods. The values of in-place leases are amortized to expense over the remaining non-cancellable terms of the respective leases. If a lease were to be terminated prior to its stated expiration, all unamortized amounts relating to that lease would be recognized in operations at that time. The Company may record a bargain purchase gain if it determines that the purchase price for the acquired assets was less than the fair value. The Company will record a liability in situations where any part of the cash consideration is deferred. The amounts payable in the future are discounted to their present value. The liability is subsequently re-measured to fair value with changes in fair value recognized in the consolidated statements of operations. If, up to one year from the acquisition date, information regarding fair value of assets acquired and liabilities assumed is received and estimates are refined, appropriate property adjustments are made to the purchase price allocation on a retrospective basis.
	The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the asset to aggregate future net cash flows (undiscounted and without interest) expected to be generated by the asset. If such assets are considered impaired, the impairment to be recognized is measured by the amount by which the carrying amounts of the assets exceed the fair value. Management does not believe that the value of any of the Company’s real estate investments was impaired at June 30, 2014.
	Restricted Cash
	The terms of the Company’s mortgage notes payable require the Company to deposit certain replacement and other reserves with its lenders. Such “restricted cash” is generally available only for property-level requirements for which the reserves have been established and is not available to fund other property-level or Company-level obligations.
	Segment Reporting
	The Company operates in one industry segment, ownership of real estate properties. The Company does not distinguish in property operations for purposes of measuring performance. The Company reassesses its conclusion that it has one reportable operating segment at least annually.
	Revenue Recognition
	The Company recognizes minimum rent, including rental abatements and contractual fixed increases attributable to operating leases, on a straight-line basis over the term of the related lease and will include amounts expected to be received in later years in deferred rent receivable. The Company will record property operating expense reimbursements due from tenants for common area maintenance, real estate taxes and other recoverable costs in the period the related expenses are incurred. The Company will make certain assumptions and judgments in estimating the reimbursements at the end of each reporting period. The Company does not expect the actual results to differ from the estimated reimbursement.
	The Company makes estimates of the collectability of its tenant receivables related to base rents, expense reimbursements and other revenue or income. The Company will specifically analyze accounts receivable and historical bad debts, customer creditworthiness, current economic trends and changes in customer payment terms when evaluating the adequacy of the allowance for doubtful accounts. In addition, with respect to tenants in bankruptcy, the Company will make estimates of the expected recovery of pre-petition and post-petition claims in assessing the estimated collectability of the related receivable. In some cases, the ultimate resolution of these claims can exceed one year. These estimates have a direct impact on its net income because a higher bad debt reserve results in less net income. The provision for doubtful accounts at both June 30, 2014 and December 31, 2013 was approximately $608,000.
	Interest income from loans receivable is recognized based on the contractual terms of the debt instrument utilizing the effective interest method. Under the effective interest method, interest income is recognized at a constant yield based on the increasing or decreasing carrying value of the loans. The total interest income for each period is the carrying value of the loans at the start of the period multiplied by the effective interest rate.
	Depreciation and Amortization
	The Company uses the straight-line method for depreciation and amortization. Buildings and building improvements are depreciated over the estimated useful lives which the Company estimates to be 27 to 40 years. Land improvements are depreciated over the estimated useful life of 15 years. Tenant improvements are amortized over the shorter of the life of the related leases or their useful life. Furniture and fixtures are depreciated over the estimated useful lives that range from 5 to 7 years.
	Deferred Charges
	Deferred charges consist principally of leasing commissions and acquired lease origination costs (which are amortized ratably over the life of the tenant leases) and financing fees (which are amortized over the term of the related debt obligation). As of June 30, 2014 and December 31, 2013 deferred charges consisted of the following:
			June 30,		December 31,
			2014		2013
	Leasing commissions-acquired leases		$	1,731,102	$	1,289,812
	Legal-acquired lease			27,767		6,016
	Deferred financing costs			1,007,552		529,920
	Total			2,766,421		1,825,748
	Less accumulated amortization(1)			329,002		187,261
	Deferred charges, net of accumulated amortization		$	2,437,419	$	1,638,487
	-1	Includes amortization of deferred financing costs of $58,366 in 2014.
	Organization and Offering Expenses
	Organization and offering expenses include all costs and expenses to be paid by the Company in connection with the formation of the Company and an offering, including the Company’s legal, accounting, printing, mailing and filing fees, charges of the escrow agent, reimbursements to the dealer manager and participating broker-dealers for due diligence expenses set forth in detailed and itemized invoices, amounts to reimburse the Advisor for its portion of the salaries of the employees of its affiliates who provide services to the Advisor, and other costs in connection with administrative oversight of such offering and the marketing process, such as preparing supplemental sales materials, holding educational conferences and attending retail seminars conducted by the dealer manager or participating broker-dealers.
	The Advisor will advance the Company’s organization and offering expenses to the extent the Company does not have the funds to pay such expenses. The Company will reimburse the Advisor for organization and offering expenses up to 2% of the total offering price paid by investors (including proceeds from sale of Common Shares, plus applicable selling commissions and dealer manager fees paid by purchasers of Common Shares). On December 28, 2012, the Company broke escrow, at which time organization and offering expenses advanced by the Advisor became a liability to the Company, subject to the 2% limitation noted above. Between November 25, 2011 and June 30, 2014, the Company paid $2,437,217 of offering costs of which $248,344 was recorded to additional paid-in capital and $2,188,873 was recorded to deferred offering costs in the accompanying consolidated balance sheet. The Company will reclassify amounts from deferred offering costs to additional paid in capital based on 2% of the total offering price paid to investors. Amounts paid by the Company in excess of the 2% limitation at the end of the offering will be reimbursed by the Advisor. As of June 30, 2014, the Advisor had incurred an additional $10.1 million of organization and offering expenses, of which $192,037 was billed and paid to the Advisor at June 30, 2014.
	Offering costs incurred by the Company, the Advisor and their affiliates on behalf of the Company have been deferred and will be paid from the proceeds of the continuous public offering and will be treated as a reduction of equity.
	Stock-Based Compensation
	The Company has adopted a Stock Incentive Plan (the “Plan”) for its independent directors, officers and employees, employees of the Advisor and other affiliates and consultants. Compensation cost for stock options is recognized ratably over the vesting period of the award. Our policy is to grant options with exercise price equal to the offering price of our common stock on the grant date. Awards of stock or restricted stock are expensed as compensation over the benefit period based on the fair value of the stock on the grant date.
	Concentration of Credit Risk
	Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents. The Company places its cash and cash equivalents in excess of insured amounts with high quality financial institutions.
	Basic and Diluted Earnings (Loss) per Common Share
	Basic earnings (loss) per Common Share is calculated by dividing net income (loss) by the weighted average number of Common Shares outstanding during each period. Diluted earnings (loss) per Common Share includes the effects of potentially issuable Common Shares, but only if dilutive. There were no dilutive Common Shares as of June 30, 2014 and 2013.
	Accounting Standard Updates
	In April 2014, the FASB issued guidance which amends the requirements for reporting discontinued operations. Under the amended guidance, a disposal of an individual property or group of properties (i.e., when a property or properties are sold or meet the criteria to be classified as “held for sale”) is required to be reported in “discontinued operations” only if the disposal represents a strategic shift that has, or will have, a major effect on the Company’s operations and financial results. The amended guidance also requires additional disclosures about both discontinued operations and the disposal of an individually significant component of an entity that does not qualify for discontinued operations presentation in the financial statements. The guidance is effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2014. The adoption of the guidance is not expected to have a material impact on the Company’s financial condition or results of operations.
	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which provides guidance for revenue recognition. The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. This update is effective for interim and annual reporting periods, beginning after December 15, 2016. We are currently in the process of evaluating the impact the adoption of this ASU will have on our consolidated financial statements.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2014
Business Combinations [Abstract]	'
Acquisitions	'
	Acquisitions
	On May 21, 2014, we acquired the fee simple interest in Parkway, a 44,323 rentable square foot commercial property, for $14.5 million, excluding closing costs. The property was 100% leased at closing.
	Closing costs were approximately $669,700, prepaid expenses and escrows were approximately $196,000 and fees paid to the Advisor were approximately $248,000. Closing costs included $362,000 in supplemental transaction-based advisory fees for financing and equity placement paid to United Realty Partners, LLC (“URP”), an entity controlled and indirectly owned by the Company’s chief executive officer and secretary. We funded the acquisition as follows: (i) $10.3 million with a new first mortgage loan secured by the property; (ii) cash from our OP of approximately $3.2 million; and (iii) a $2.1 million preferred loan from a third party. The 10-year preferred loan yields a preferred return of 15% per annum, compounded monthly (increasing to 24% per annum upon the occurrence of certain events of default) and requires monthly distributions to the preferred lender. The property-holding entity must redeem the preferred loan by June 6, 2024, and has the right to do so at any time upon 30 days prior written notice. Additionally, the lender of the preferred loan may require the OP to redeem the preferred loan at any time after April 21, 2015 upon 30 days prior written notice. The cash from the OP included $1.7 million in proceeds from the OP’s issuance to two third parties of an aggregate of 17 class MB units (the “MB Units”) of limited partnership interest. The OP issued 12 MB Units to one of the two investors in consideration for a capital contribution of $1.2 million. Such 12 MB Units must be redeemed by the Company in November 2014 for $1.32 million. The OP issued five MB Units to the other investor in consideration for a capital contribution of $500,000. Such five MB Units entitle the holder thereof to an annualized preferred return of 10% on the amount of the capital contribution, and must be redeemed by the Company in May 2015.
	Regarding the acquisition of Parkway, the fair values of in-place leases and other intangibles have been allocated to intangible assets and liability accounts. Such allocations are preliminary and may be adjusted as final information becomes available. The Company assessed the fair value of the lease intangibles based on estimated cash flow projections that utilize appropriate discount rates and available market information. Such inputs are Level 3 in the fair value hierarchy.
	The financial information set forth below summarizes our preliminary purchase price allocations for the property acquired during the six months ended June 30, 2014 (in thousands).
		30-Jun-14
	ASSETS
	Land	$	2,815
	Building and improvements		9,383
	Acquired in-place lease costs		2,440
	Above market lease value		51
	Assets acquired		14,689
	Below market lease value		154
	Liabilities assumed		154
	Purchase price allocation	$	14,535
	Pro Forma Financial Information
	The pro forma financial information set forth below is based upon the Company’s historical consolidated statements of operations for the three and six months ended June 30, 2014 and 2013, adjusted to give effect to the property transaction as if it closed on January 1, 2013.
	The pro forma financial information is presented for informational purposes only and may not be indicative of what actual results of operations would have been had the transaction occurred at the beginning of the year, nor does it purport to represent the results of future operations (in thousands).
		Three Months Ended						Six Months Ended
		June 30,			June 30,			June 30,			June 30,
		2014			2013			2014			2013
	Statement of operations:
	Revenue	$	1,271		$	1,131		$	2,460		$	1,534
	Property operating and other expenses		(1,523	)		(1,142	)		(2,543	)		(3,568	)
	Depreciation and amortization		(383	)		(254	)		(726	)		(332	)
	Net loss attributable to United Realty Trust Incorporated	$	(635	)	$	(265	)	$	(809	)	$	(2,366	)

Mortgage_Notes_Payable

Mortgage Notes Payable	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Mortgage Notes Payable	'
	4	Mortgage Notes Payable
	On March 29, 2013, the Tilden House JV obtained a first mortgage loan (the “Doral Loan”) from Doral Bank in an amount equal to $14.5 million to provide the acquisition funding for Tilden House. The Doral Loan has an initial five-year term ending on April 30, 2018 and provides the JV with the option to extend the maturity date to April 30, 2023. The Doral Loan bears interest at a per annum fixed rate of 5.0% and is secured by a mortgage on Tilden House. During the extended term, the interest rate will be reset based on a rate of 250 basis points spread over the 5 year Federal Home Loan Bank on New York Advanced Rate, with a minimum floor rate to be not less than the initial interest rate.
	On August 2, 2013, the 14 Highland JV obtained a first mortgage loan (the “Carver Loan”) from Carver Bank in an amount equal to $1.5 million to provide the acquisition funding for 14 Highland. The Carver Loan has an initial five-year term ending on September 5, 2018 and provides the 14 Highland JV with the option to extend the maturity date to September 5, 2023. The Carver Loan bears interest at a per annum fixed rate of 4.25% and is secured by a mortgage on 14 Highland. During the extended term, the interest rate will be a fixed rate equal to the greater of: (i) 4.50% per annum; or (ii) the Wall Street Journal’s Prime Rate in effect within three (3) business days prior to September 5, 2018, plus 2.00% per annum.
	On May 21, 2014, we closed on a first mortgage loan (the “Starwood Loan”) from Starwood Mortgage Capital, LLC in an amount equal to $10.3 million, to provide the acquisition funding for Parkway. The Starwood Loan bears interest at 4.788% with a maturity date of June 6, 2024. We are required to make initial monthly interest-only payments for 24 months following the closing of the loan and thereafter payments of principal and interest over a 30-year amortization period. The Starwood Loan is secured by a mortgage on the property, is guaranteed by URTI, and may be accelerated only in the event of a default. We may prepay all or any portion of the principal amount without a prepayment penalty under a defeasance clause in the loan.
	The principal maturity of mortgage notes payable during the next five years and thereafter is as follows (in thousands):
			Principal		Scheduled		Total
			Repayments		Amortization
	2014		$	—	$	121	$	121
	2015			—		257		257
	2016			—		354		354
	2017			—		439		439
	2018			14,716		251		14,967
	Thereafter			8,860		1,036		9,896
			$	23,576	$	2,458	$	26,034

Capitalization

Capitalization	6 Months Ended
	Jun. 30, 2014
Stockholders' Equity Note [Abstract]	'
Capitalization	'
	5	Capitalization
	Under the Company’s charter, the Company has the authority to issue 200,000,000 Common Shares and 50,000,000 shares of preferred stock. All shares of such stock have a par value of $0.01 per share. On November 17, 2011, the Sponsor purchased 18,182 Common Shares for total cash consideration of $200,000 to provide the Company’s initial capitalization. On November 25, 2011, for $50,000, the Sponsor purchased 500,000 shares of preferred stock, subsequently exchanged for 500,000 sponsor preferred shares (“Sponsor Preferred Shares”), which are convertible into Common Shares upon the terms and subject to the conditions set forth in the Company’s charter, and which have a preference upon the Company’s liquidation, dissolution or winding up as described below. Upon the Company’s liquidation, dissolution or winding up, the Sponsor will receive a preference in the amount of 15% of any excess of the net sales proceeds from the sale of all the assets in connection with such liquidation, dissolution or winding up over the amount of Invested Capital, as defined in the Company’s charter, plus a cumulative non-compounded pre-tax annual return to holders of Common Shares of 7% on Invested Capital. The Company’s board of directors is authorized to amend its charter from time to time, without the approval of the stockholders, to increase or decrease the aggregate number of authorized shares of capital stock or the number of shares of any class or series that the Company has authority to issue. As of June 30, 2014, there were 1,002,443 Common Shares outstanding.

Stock_Incentive_Plan

Stock Incentive Plan	6 Months Ended
	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Stock Incentive Plan	'
	6	Stock Incentive Plan
	The Plan, as outlined in the prospectus, provides for the grant of equity incentive awards to the Company’s independent directors, officers and employees, employees of the Advisor and other affiliates and consultants. The aggregate number of Common Shares that may be issued or used for reference purposes or with respect to which awards may be granted under the Plan shall not exceed the lesser of five percent (5%) of Common Shares outstanding on a fully diluted basis at any time and 5,000,000 Common Shares, which may be either authorized and unissued Common Shares or Common Shares held in or acquired for the treasury of the Company or both. The vesting period of stock-based awards will be determined by the Company’s compensation committee. During the six months ended June 30, 2014 the Company granted 20,699 Common Shares under the Plan all of which were fully vested as of June 30, 2014. The 20,699 Common Shares were granted to employees of an affiliate of the Company and to an independent consultant for services provided to the Company. These Common Shares were recorded as a reduction to a receivable from an affiliated entity. During the six months ended June 30, 2013, the Company granted 6,300 Common Shares under the Plan all of which were fully vested as of June 30, 2013. During the three and six months ended June 30, 2014 and 2013, the Company expensed $18,000, $36,000, $18,000 and $18,000 respectively. As of June 30, 2014, the cost associated with this restricted stock compensation related to outstanding non-vested restricted stock grants awarded in 2013 was fully amortized.

Related_Party_Arrangements

Related Party Arrangements	6 Months Ended
	Jun. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Arrangements	'
	7	Related Party Arrangements
	The Company has executed an advisory agreement with the Advisor and a property management agreement with URA Property Management LLC (the “Property Manager”), an affiliate of the Sponsor. Effective September 20, 2013 the Company executed a dealer manager agreement with Cabot Lodge Securities, LLC (the “Dealer Manager”), a Delaware limited liability company and member of the Financial Industry Regulatory Authority, Inc. (“FINRA”) that does business as United Realty Securities and that is indirectly owned by the Sponsor. Prior to September 20, 2013 the Company had a dealer manager agreement with an unaffiliated party which had a soliciting dealer agreement with Cabot Lodge Securities. These agreements entitle the Advisor, the Dealer Manager, and the Property Manager to specified fees upon the provision of certain services with regard to the offering and the investment of funds in real estate properties and real estate-related investments, among other services, as well as reimbursement of organization and offering expenses incurred by the Advisor and the Dealer Manager on behalf of the Company (as discussed in Note 2) and certain costs incurred by the Advisor in providing services to the Company. The Company has engaged and may engage from time to time, URP, an entity controlled and indirectly owned by the Company’s chief executive officer and secretary, to provide brokerage services, services in connection with the origination or refinancing of debt, or advice in connection with joint venture opportunities and equity financing opportunities for the Company’s properties.
	Pursuant to the terms of these agreements, summarized below are the related-party costs incurred by the Company for the three and six months ended June 30, 2014 and any related amounts payable as of June 30, 2014 and December 31, 2013.
			Incurred				Payable as of
			Six Months		Six Months
			Ended		Ended
			June 30,		June 30,		June 30,		December 31,
			2014		2013		2014		2013
	Expensed
	Reimbursable general and administrative expenses		$	—	$	775,509	$	—	$	—
	Reimbursable property operating expenses and acquisition fee			—		223,059		—		—
	Supplemental transaction-based advisory fees			259,000		229,175		—		—
	Acquisition fees			145,700		240,675		—		—
	Property Management fees			76,258		9,537		—		—
	Oversight Fees			1,387				—		—
	Asset Management fees			107,332		44,819		—		—
	Additional Paid-in Capital
	Reimbursable other offering costs			—		30,451		—		—
	Capitalized
	Financing coordination fee			206,000		145,000		—		—

Distributions

Distributions	6 Months Ended
	Jun. 30, 2014
Partners' Capital Notes [Abstract]	'
Distributions	'
	8	Distributions
	The Operating Partnership’s limited partnership agreement generally provides that the Operating Partnership will distribute cash available for distribution to the partners of the Operating Partnership in proportion to each such partner’s holding of GP Units and/or OP Units, as such terms are defined in the Operating Partnership’s limited partnership agreement at the times and in the amounts as determined by the Company, as the general partner. During the six months ended June 30, 2014, the Company has distributed $169,751 in cash and $127,073 in Common Shares through the DRIP.

Economic_Dependency

Economic Dependency	6 Months Ended
	Jun. 30, 2014
Risks and Uncertainties [Abstract]	'
Economic Dependency	'
	9. Economic Dependency
	The Company is dependent on the Advisor or its affiliates for certain services that are essential to the Company, including the sale of the Common Shares, asset acquisition, management and disposition decisions and other general and administrative responsibilities. If the Advisor and its affiliates are unable to provide such services, the Company would be required to find alternative service providers.

Subsequent_Events

Subsequent Events	6 Months Ended
	Jun. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	10. Subsequent Events
	The Company reviewed all activity from July 1, 2014 to the date the financial statements were issued and determined that there have not been any events that have occurred that would require adjustments to disclosures in the consolidated financial statements.

Basis_of_Presentation_and_Summ1

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Basis of Presentation and Principles of Consolidation	'
	Basis of Presentation and Principles of Consolidation
	The accompanying consolidated financial statements are prepared on an accrual basis in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the disclosures required by GAAP for complete financial statement disclosures. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Results of operations for the three and six month period ended June 30, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014. It is suggested that these financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2013.
	The consolidated financial statements include the accounts of the Company and those of its subsidiaries, which are wholly owned or controlled by the Company. Entities which the Company does not control through its voting interest and entities which are variable interest entities (“VIEs”), but where it is not the primary beneficiary, are accounted for under the equity method. All significant intercompany balances and transactions have been eliminated.
	The Company follows the Financial Accounting Standards Board (“FASB”) guidance for determining whether an entity is a VIE and requires the performance of a qualitative rather than a quantitative analysis to determine the primary beneficiary of a VIE. Under this guidance, an entity would be required to consolidate a VIE if it has (i) the power to direct the activities that most significantly impact the entity’s economic performance and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could be significant to the VIE. A non-controlling interest in a consolidated subsidiary is defined as the portion of the equity (net assets) in a subsidiary not attributable, directly or indirectly, to a parent. Non-controlling interests are required to be presented as a separate component of equity in the consolidated balance sheet. This guidance modifies the presentation of net income by requiring earnings and other comprehensive income to be attributed to controlling and non-controlling interests.
	The Company assesses the accounting treatment for each joint venture. This assessment includes a review of each joint venture or limited liability company agreement to determine which party has what rights and whether those rights are protective or participating. For all VIEs, the Company reviews such agreements in order to determine which party has the power to direct the activities that most significantly impact the entity’s economic performance. In situations where the Company or its partner approves, among other things, the annual budget, receives a detailed monthly reporting package from the Company, meets on a quarterly basis to review the results of the joint venture, reviews and approves the joint venture’s tax return before filing, and approves all leases that cover more than a nominal amount of space relative to the total rentable space at each property, the Company does not consolidate the joint venture as it considers these to be substantive participation rights that result in shared power of the activities that most significantly impact the performance of the joint venture. At June 30, 2014, the Company deemed its investment in 14 Highland to be a VIE since it has an economic interest greater than its voting proportion, and the Company participates in the management activities that significantly impact the performance of the joint venture. Included in real estate investments on the Company’s consolidated balance sheets as of June 30, 2014 and December 31, 2013 is approximately $2.0 million related to the Company’s consolidated VIEs. Included in mortgage notes payable on the Company’s consolidated balance sheet as of June 30, 2014 and December 31, 2013 is approximately $1.5 million related to the Company’s consolidated VIEs.
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 disclosure of contingent assets and liabilities, the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the periods covered by the financial statements. Actual results could differ from these estimates.
Reclassification	'
	Reclassification
	Certain prior period amounts have been reclassified to conform to the current period’s presentation of amortization of deferred finance costs.
Fair Value Measurements	'
	Fair Value Measurements
	The Company measures the fair value of financial instruments based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, a fair value hierarchy distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity and the reporting entity’s own assumptions about market participant assumptions. In accordance with the fair value hierarchy, Level 1 assets/liabilities are valued based on quoted prices for identical instruments in active markets, Level 2 assets/liabilities are valued based on quoted prices in active markets for similar instruments, on quoted prices in less active or inactive markets, or on other “observable” market inputs and Level 3 assets/liabilities are valued based significantly on “unobservable” market inputs.
Financial Instruments Not Measured at Fair Value	'
	Financial Instruments Not Measured at Fair Value
	The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents, restricted cash, prepaid expenses, deferred offering costs, deposit on real estate, tenant and other receivables, due from affiliates, other assets, accounts payable and accrued expenses, dividends and distributions payable, and tenant security deposits approximate their fair values based on their short-term maturity. The Company has determined that the carrying value of mortgage notes payable and preferred loans payable approximate their fair value based on prevailing market rates for loans of similar risk and maturities.
Real Estate Investments	'
	Real Estate Investments
	All costs related to the improvement or replacement of real estate properties are capitalized. Additions, renovations and improvements that enhance and/or extend the useful life of a property are also capitalized. Expenditures for ordinary maintenance, repairs and improvements that do not materially prolong the normal useful life of an asset are charged to operations as incurred. The Company expenses transaction costs associated with business combinations in the period incurred.
	Upon the acquisition of real estate properties, the fair value of the real estate purchased is allocated to the acquired tangible assets (consisting of land, building and improvements), and acquired intangible assets and liabilities (consisting of above-market and below-market leases and acquired in-place leases). Acquired lease intangible assets include above-market leases and acquired in-place leases in the accompanying consolidated balance sheet. The fair value of the tangible assets of an acquired property is determined by valuing the property as if it were vacant, which value is then allocated to land, building and improvements based on management’s determination of the relative fair values of these assets. In valuing an acquired property’s intangibles, factors considered by management include an estimate of carrying costs during the expected lease-up periods, and estimates of lost rental revenue during the expected lease-up periods based on its evaluation of current market demand. Management also estimates costs to execute similar leases, including leasing commissions, tenant improvements, legal and other related costs. Leasing commissions, legal and other related costs (“lease origination costs”) are classified as deferred charges in the accompanying consolidated balance sheets.
	The value of in-place leases is measured by the excess of (i) the purchase price paid for a property after adjusting existing in-place leases to market rental rates, over (ii) the estimated fair value of the property as if vacant. Above-market and below-market lease values are recorded based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between the contractual amounts to be received and management’s estimate of market lease rates, measured over the terms of the respective leases that management deemed appropriate at the time of acquisition. Such valuations include a consideration of the non-cancellable terms of the respective leases as well as any applicable renewal periods. The fair values associated with below-market rental renewal options are determined based on the Company’s experience and the relevant facts and circumstances that existed at the time of the acquisitions. The value of the above-market and below-market leases associated with the original lease term is amortized to rental income and recorded as either an increase (in the case of below market leases) or decrease (in the case of above market leases), over the terms of the respective leases and option periods. The values of in-place leases are amortized to expense over the remaining non-cancellable terms of the respective leases. If a lease were to be terminated prior to its stated expiration, all unamortized amounts relating to that lease would be recognized in operations at that time. The Company may record a bargain purchase gain if it determines that the purchase price for the acquired assets was less than the fair value. The Company will record a liability in situations where any part of the cash consideration is deferred. The amounts payable in the future are discounted to their present value. The liability is subsequently re-measured to fair value with changes in fair value recognized in the consolidated statements of operations. If, up to one year from the acquisition date, information regarding fair value of assets acquired and liabilities assumed is received and estimates are refined, appropriate property adjustments are made to the purchase price allocation on a retrospective basis.
	The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the asset to aggregate future net cash flows (undiscounted and without interest) expected to be generated by the asset. If such assets are considered impaired, the impairment to be recognized is measured by the amount by which the carrying amounts of the assets exceed the fair value. Management does not believe that the value of any of the Company’s real estate investments was impaired at June 30, 2014.
Restricted Cash	'
	Restricted Cash
	The terms of the Company’s mortgage notes payable require the Company to deposit certain replacement and other reserves with its lenders. Such “restricted cash” is generally available only for property-level requirements for which the reserves have been established and is not available to fund other property-level or Company-level obligations.
Segment Reporting	'
	Segment Reporting
	The Company operates in one industry segment, ownership of real estate properties. The Company does not distinguish in property operations for purposes of measuring performance. The Company reassesses its conclusion that it has one reportable operating segment at least annually.
Revenue Recognition	'
	Revenue Recognition
	The Company recognizes minimum rent, including rental abatements and contractual fixed increases attributable to operating leases, on a straight-line basis over the term of the related lease and will include amounts expected to be received in later years in deferred rent receivable. The Company will record property operating expense reimbursements due from tenants for common area maintenance, real estate taxes and other recoverable costs in the period the related expenses are incurred. The Company will make certain assumptions and judgments in estimating the reimbursements at the end of each reporting period. The Company does not expect the actual results to differ from the estimated reimbursement.
	The Company makes estimates of the collectability of its tenant receivables related to base rents, expense reimbursements and other revenue or income. The Company will specifically analyze accounts receivable and historical bad debts, customer creditworthiness, current economic trends and changes in customer payment terms when evaluating the adequacy of the allowance for doubtful accounts. In addition, with respect to tenants in bankruptcy, the Company will make estimates of the expected recovery of pre-petition and post-petition claims in assessing the estimated collectability of the related receivable. In some cases, the ultimate resolution of these claims can exceed one year. These estimates have a direct impact on its net income because a higher bad debt reserve results in less net income. The provision for doubtful accounts at both June 30, 2014 and December 31, 2013 was approximately $608,000.
	Interest income from loans receivable is recognized based on the contractual terms of the debt instrument utilizing the effective interest method. Under the effective interest method, interest income is recognized at a constant yield based on the increasing or decreasing carrying value of the loans. The total interest income for each period is the carrying value of the loans at the start of the period multiplied by the effective interest rate.
Depreciation and Amortization	'
	Depreciation and Amortization
	The Company uses the straight-line method for depreciation and amortization. Buildings and building improvements are depreciated over the estimated useful lives which the Company estimates to be 27 to 40 years. Land improvements are depreciated over the estimated useful life of 15 years. Tenant improvements are amortized over the shorter of the life of the related leases or their useful life. Furniture and fixtures are depreciated over the estimated useful lives that range from 5 to 7 years.
Deferred Charges	'
	Deferred Charges
	Deferred charges consist principally of leasing commissions and acquired lease origination costs (which are amortized ratably over the life of the tenant leases) and financing fees (which are amortized over the term of the related debt obligation). As of June 30, 2014 and December 31, 2013 deferred charges consisted of the following:
			June 30,		December 31,
			2014		2013
	Leasing commissions-acquired leases		$	1,731,102	$	1,289,812
	Legal-acquired lease			27,767		6,016
	Deferred financing costs			1,007,552		529,920
	Total			2,766,421		1,825,748
	Less accumulated amortization(1)			329,002		187,261
	Deferred charges, net of accumulated amortization		$	2,437,419	$	1,638,487
	-1	Includes amortization of deferred financing costs of $58,366 in 2014.
Organizational and Offering Expenses	'
	Organization and Offering Expenses
	Organization and offering expenses include all costs and expenses to be paid by the Company in connection with the formation of the Company and an offering, including the Company’s legal, accounting, printing, mailing and filing fees, charges of the escrow agent, reimbursements to the dealer manager and participating broker-dealers for due diligence expenses set forth in detailed and itemized invoices, amounts to reimburse the Advisor for its portion of the salaries of the employees of its affiliates who provide services to the Advisor, and other costs in connection with administrative oversight of such offering and the marketing process, such as preparing supplemental sales materials, holding educational conferences and attending retail seminars conducted by the dealer manager or participating broker-dealers.
	The Advisor will advance the Company’s organization and offering expenses to the extent the Company does not have the funds to pay such expenses. The Company will reimburse the Advisor for organization and offering expenses up to 2% of the total offering price paid by investors (including proceeds from sale of Common Shares, plus applicable selling commissions and dealer manager fees paid by purchasers of Common Shares). On December 28, 2012, the Company broke escrow, at which time organization and offering expenses advanced by the Advisor became a liability to the Company, subject to the 2% limitation noted above. Between November 25, 2011 and June 30, 2014, the Company paid $2,437,217 of offering costs of which $248,344 was recorded to additional paid-in capital and $2,188,873 was recorded to deferred offering costs in the accompanying consolidated balance sheet. The Company will reclassify amounts from deferred offering costs to additional paid in capital based on 2% of the total offering price paid to investors. Amounts paid by the Company in excess of the 2% limitation at the end of the offering will be reimbursed by the Advisor. As of June 30, 2014, the Advisor had incurred an additional $10.1 million of organization and offering expenses, of which $192,037 was billed and paid to the Advisor at June 30, 2014.
	Offering costs incurred by the Company, the Advisor and their affiliates on behalf of the Company have been deferred and will be paid from the proceeds of the continuous public offering and will be treated as a reduction of equity.
Stock-Based Compensation	'
	Stock-Based Compensation
	The Company has adopted a Stock Incentive Plan (the “Plan”) for its independent directors, officers and employees, employees of the Advisor and other affiliates and consultants. Compensation cost for stock options is recognized ratably over the vesting period of the award. Our policy is to grant options with exercise price equal to the offering price of our common stock on the grant date. Awards of stock or restricted stock are expensed as compensation over the benefit period based on the fair value of the stock on the grant date.
Concentration of Credit Risk	'
	Concentration of Credit Risk
	Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents. The Company places its cash and cash equivalents in excess of insured amounts with high quality financial institutions.
Basic and Diluted Earnings (Loss) per Common Share	'
	Basic and Diluted Earnings (Loss) per Common Share
	Basic earnings (loss) per Common Share is calculated by dividing net income (loss) by the weighted average number of Common Shares outstanding during each period. Diluted earnings (loss) per Common Share includes the effects of potentially issuable Common Shares, but only if dilutive. There were no dilutive Common Shares as of June 30, 2014 and 2013.
Accounting Standard Updates	'
	Accounting Standard Updates
	In April 2014, the FASB issued guidance which amends the requirements for reporting discontinued operations. Under the amended guidance, a disposal of an individual property or group of properties (i.e., when a property or properties are sold or meet the criteria to be classified as “held for sale”) is required to be reported in “discontinued operations” only if the disposal represents a strategic shift that has, or will have, a major effect on the Company’s operations and financial results. The amended guidance also requires additional disclosures about both discontinued operations and the disposal of an individually significant component of an entity that does not qualify for discontinued operations presentation in the financial statements. The guidance is effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2014. The adoption of the guidance is not expected to have a material impact on the Company’s financial condition or results of operations.
	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which provides guidance for revenue recognition. The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. This update is effective for interim and annual reporting periods, beginning after December 15, 2016. We are currently in the process of evaluating the impact the adoption of this ASU will have on our consolidated financial statements.

Basis_of_Presentation_and_Summ2

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Schedule of deferred charges	'
	As of June 30, 2014 and December 31, 2013 deferred charges consisted of the following:
			June 30,		December 31,
			2014		2013
	Leasing commissions-acquired leases		$	1,731,102	$	1,289,812
	Legal-acquired lease			27,767		6,016
	Deferred financing costs			1,007,552		529,920
	Total			2,766,421		1,825,748
	Less accumulated amortization(1)			329,002		187,261
	Deferred charges, net of accumulated amortization		$	2,437,419	$	1,638,487
	-1	Includes amortization of deferred financing costs of $58,366 in 2014.

Acquisitions_Tables

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2014
Business Combinations [Abstract]	'
Schedule of preliminary purchase price allocation	'
	The financial information set forth below summarizes our preliminary purchase price allocations for the property acquired during the six months ended June 30, 2014 (in thousands).
		30-Jun-14
	ASSETS
	Land	$	2,815
	Building and improvements		9,383
	Acquired in-place lease costs		2,440
	Above market lease value		51
	Assets acquired		14,689
	Below market lease value		154
	Liabilities assumed		154
	Purchase price allocation	$	14,535
Schedule of pro forma financial information	'
	The pro forma financial information is presented for informational purposes only and may not be indicative of what actual results of operations would have been had the transaction occurred at the beginning of the year, nor does it purport to represent the results of future operations (in thousands).
		Three Months Ended						Six Months Ended
		June 30,			June 30,			June 30,			June 30,
		2014			2013			2014			2013
	Statement of operations:
	Revenue	$	1,271		$	1,131		$	2,460		$	1,534
	Property operating and other expenses		(1,523	)		(1,142	)		(2,543	)		(3,568	)
	Depreciation and amortization		(383	)		(254	)		(726	)		(332	)
	Net loss attributable to United Realty Trust Incorporated	$	(635	)	$	(265	)	$	(809	)	$	(2,366	)

Mortgage_Notes_Payable_Tables

Mortgage Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of mortgage notes payable principal maturity	'
	The principal maturity of mortgage notes payable during the next five years and thereafter is as follows (in thousands):
		Principal		Scheduled		Total
		Repayments		Amortization
	2014	$	—	$	121	$	121
	2015		—		257		257
	2016		—		354		354
	2017		—		439		439
	2018		14,716		251		14,967
	Thereafter		8,860		1,036		9,896
		$	23,576	$	2,458	$	26,034

Related_Party_Arrangements_Tab

Related Party Arrangements (Tables)	6 Months Ended
	Jun. 30, 2014
Related Party Transactions [Abstract]	'
Schedule of related party expenses	'
	Pursuant to the terms of these agreements, summarized below are the related-party costs incurred by the Company for the three and six months ended June 30, 2014 and any related amounts payable as of June 30, 2014 and December 31, 2013.
		Incurred				Payable as of
		Six Months		Six Months
		Ended		Ended
		June 30,		June 30,		June 30,		December 31,
		2014		2013		2014		2013
	Expensed
	Reimbursable general and administrative expenses	$	—	$	775,509	$	—	$	—
	Reimbursable property operating expenses and acquisition fee		—		223,059		—		—
	Supplemental transaction-based advisory fees		259,000		229,175		—		—
	Acquisition fees		145,700		240,675		—		—
	Property Management fees		76,258		9,537		—		—
	Oversight Fees		1,387				—		—
	Asset Management fees		107,332		44,819		—		—
	Additional Paid-in Capital
	Reimbursable other offering costs		—		30,451		—		—
	Capitalized
	Financing coordination fee		206,000		145,000		—		—

Organization_Details_Narrative

Organization (Details Narrative) (USD $)	6 Months Ended							0 Months Ended
	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Nov. 25, 2011	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014
			Tilden House [Member]	14 Highland [Member]	Secured Mortgage Note [Member]	IPO [Member]	Distribution reinvestment program ("DRIP") [Member]	United Realty Advisor Holdings LLC [Member]	United Realty Capital Operating Partnership, L.P. [Member]	United Realty Capital Operating Partnership, L.P. [Member]	United Realty Capital Operating Partnership, L.P. [Member]
								Preferred stock [Member]		General Partner [Member]	Limited Partner [Member]
Stock issued during period for initial capitalization, shares	$4,576,410	'	'	'	'	'	'	$500,000	'	'	'
Stock issued during period for initial capitalization, value	'	'	'	'	'	'	'	50,000	'	'	'
Common stock, shares authorized	200,000,000	200,000,000	'	'	'	100,000,000	20,000,000	'	'	'	'
Ownership interest in Operating Partnership	'	'	'	'	'	'	'	'	'	99.10%	0.90%
Operating partnership, units outstanding	'	'	'	'	'	'	'	'	1,011,716	1,002,443	9,273
Interest in joint venture, percentage	'	'	69.20%	14.60%	76.70%	'	'	'	'	'	'

Basis_of_Presentation_and_Summ3

Basis of Presentation and Summary of Significant Accounting Policies (Details Narrative) (USD $)	6 Months Ended		31 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Real Estate Investments	$33,449,005	'	$33,449,005	$20,834,510	'
Mortgage notes payable	26,034,000,000	'	26,034,000,000	'	'
Provision for doubtful accounts	608,000	608,000	'	'	'
Maximum percentage of reimburse organizational and offering expenses (in percent)	'	'	'	'	2.00%
Payment of offering costs	2,188,873	'	2,437,217	'	'
Offering costs charged to additional paid in capital	284,344	'	'	'	'
Additional offering and organization expenses incurred by advisor	10,100,000	'	'	'	'
Offering and organizational expenses paid	192,037	'	'	'	'
Consolidated Variable Interest Entities [Member]	'	'	'	'	'
Real Estate Investments	2,000,000	'	2,000,000	2,000,000	'
Mortgage notes payable	$1,500,000	'	$1,500,000	$1,500,000	'
Building and Building improvements [Member] | Lower Range [Member]	'	'	'	'	'
Useful life	'27 years	'	'	'	'
Building and Building improvements [Member] | Upper Range [Member]	'	'	'	'	'
Useful life	'40 years	'	'	'	'
Land improvements [Member]	'	'	'	'	'
Useful life	'15 years	'	'	'	'
Furniture and fixtures [Member] | Lower Range [Member]	'	'	'	'	'
Useful life	'5 years	'	'	'	'
Furniture and fixtures [Member] | Upper Range [Member]	'	'	'	'	'
Useful life	'7 years	'	'	'	'

Basis_of_Presentation_and_Summ4

Basis of Presentation and Summary of Significant Accounting Policies (Details) (USD $)	Jun. 30, 2014		Dec. 31, 2013
Accounting Policies [Abstract]	'		'
Leasing commissions-acquired leases	$1,731,102		$1,289,812
Legal-acquired lease	27,767		6,016
Deferred financing costs	1,007,552		529,920
Total	2,766,421		1,825,748
Less accumulated amortization	329,002	[1]	187,261	[1]
Deferred charges, net of accumulated amortization	$2,437,419		$1,638,487
[1]	Includes amortization of deferred financing costs of $58,366 in 2014.

Acquisitions_Details_Narrative

Acquisitions (Details Narrative) (USD $)	3 Months Ended		6 Months Ended		0 Months Ended	6 Months Ended		6 Months Ended			6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	21-May-14	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014
					Starwood Mortgage Loan [Member]	Parkway Property Acquired [Member]	Parkway Property Acquired [Member]	Parkway Property Acquired [Member]	Parkway Property Acquired [Member]	Parkway Property Acquired [Member]	Parkway Property Acquired [Member]
							United Realty Capital Operating Partnership, L.P. [Member]	United Realty Capital Operating Partnership, L.P. [Member]	United Realty Capital Operating Partnership, L.P. [Member]	Starwood Mortgage Loan [Member]	Preferred Loan [Member]
								Investor 1 [Member]	Investor 2 [Member]
Acquisition Date	'	'	'	'	'	21-May-14	'	'	'	'	'
Acquisition description	'	'	'	'	'	'44,323 rentable square foot commercial property; 100% leased at closing	'	'	'	'	'
Closing costs	'	'	'	'	'	$669,700	'	'	'	'	'
Prepaid expenses and escrows	'	'	'	'	'	196,000	'	'	'	'	'
Fees paid to advisor	448,683	54,187	449,528	1,387,757	'	248,000	'	'	'	'	'
Supplemental transaction-based advisory fees	'	'	'	'	'	362,000	'	'	'	'	'
Cash acquisition funding	'	'	'	'	'	'	3,200,000	'	'	'	'
Debt acquisition funding	'	'	'	'	'	'	'	'	'	10,300,000	2,100,000
Term of the loan	'	'	'	'	'30 years	'	'	'	'	'	'10 years
Preferred return rate of loan	'	'	'	'	'	'	'	'	'	'	15.00%
Loan payment frequency	'	'	'	'	'	'	'	'	'	'	'Monthly
Value of limited partnership units	'	'	'	'	'	'	1,700,000	1,200,000	500,000	'	'
Limited partnership units issued	'	'	'	'	'	'	17	12	5	'	'
Annualized preferred return rate	'	'	'	'	'	'	'	'	10.00%	'	'
Redemption amount	'	'	'	'	'	'	'	$1,320,000	'	'	'
Redemption	'	'	'	'	'	'	'	'2014-11	'2015-05	'	'

Acquisitions_Details

Acquisitions (Details) (Parkway Property Acquired [Member], USD $)	Jun. 30, 2014
Parkway Property Acquired [Member]	'
ASSETS	'
Land	$2,815,000
Building and improvements	9,383,000
Acquired in-place lease costs	2,440,000
Above market lease value	51,000
Assets acquired	14,689,000
LIABILITIES	'
Below market lease value	154,000
Liabilities assumed	154,000
Purchase price allocation	$14,535,000

Acquisitions_Details_1

Acquisitions (Details 1) (Parkway Property Acquired [Member], USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Parkway Property Acquired [Member]	'	'	'	'
Statement of operations:	'	'	'	'
Revenue	$1,271,000	$1,131,000	$2,460,000	$1,534,000
Property operating and other expenses	-1,523,000	-1,142,000	-2,543,000	-3,568,000
Depreciation and amortization	-383,000	-254,000	-726,000	-332,000
Net loss attributable to United Realty Trust Incorporated	($635,000)	($265,000)	($809,000)	($2,366,000)

Mortgage_Notes_Payable_Details

Mortgage Notes Payable (Details Narrative) (USD $)	0 Months Ended		6 Months Ended	0 Months Ended	6 Months Ended
	21-May-14	Mar. 29, 2013	Jun. 30, 2014	Aug. 02, 2013	Jun. 30, 2014
	Starwood Mortgage Loan [Member]	Doral Loan (Tilden House Acquisition) [Member]	Doral Loan (Tilden House Acquisition) [Member]	Carver Loan [Member]	Carver Loan [Member]
			Advanced Rate - Extended Term [Member]		Prime Rate - Extended Term [Member]
Mortgage loan, face amount	$10,300,000	$14,500,000	'	$1,500,000	'
Term of the loan	'30 years	'5 years	'5 years	'5 years	'
Maturity date	6-Jun-24	30-Apr-18	'	5-Sep-18	'
Option to extend maturity to date	'	30-Apr-23	'	5-Sep-23	'
Fixed interest rate	4.79%	5.00%	'	4.25%	4.50%
Base rate, variable portion of extended loan term	'	'	'250 basis points spread over the 5 year Federal Home Loan Bank on New York Advanced Rate	'	'the Wall Street Journal's Prime Rate in effect within three (3) business days prior to September 5, 2018, plus 2.00%
Variable rate - basis spread	'	'	2.50%	'	2.00%
Debt interest rate floor	'	'	5.00%	'	'

Mortgage_Notes_Payable_Details1

Mortgage Notes Payable (Details) (USD $)	Jun. 30, 2014
Principal Repayments	'
2018	$14,716,000,000
Thereafter	8,860,000,000
Total Principal Repayments	23,576,000,000
Scheduled Amortization	'
2014	121,000,000
2015	257,000,000
2016	354,000,000
2017	439,000,000
2018	251,000,000
Thereafter	1,036,000,000
Total Amortization	2,458,000,000
Total	'
2014	121,000,000
2015	257,000,000
2016	354,000,000
2017	439,000,000
2018	14,967,000,000
Thereafter	9,896,000,000
Mortgage Notes Payable	$26,034,000,000

Capitalization_Details_Narrati

Capitalization (Details Narrative) (USD $)	6 Months Ended	0 Months Ended		6 Months Ended
	Jun. 30, 2014	Nov. 17, 2011	Nov. 25, 2011	Jun. 30, 2014
		Common Shares [Member]	Preferred stock [Member]	Sponsor Preferred Shares [Member]
		United Realty Advisor Holdings LLC [Member]	United Realty Advisor Holdings LLC [Member]	United Realty Advisor Holdings LLC [Member]
Stock issued during period for initial capitalization, shares	$4,576,410	$18,182	$500,000	'
Stock issued during period for initial capitalization, value	'	200,000	50,000	'
Stock exchanged, shares	'	'	'	500,000
Preferred stock liquidation preference (in percent)	15.00%	'	'	'
Common stock liquidation preference (in percent)	7.00%	'	'	'

Stock_Incentive_Plan_Details_N

Stock Incentive Plan (Details Narrative) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Stock based compensation	$18,000	$36,000	$18,000	$18,000
Stock Incentive Plan [Member]	'	'	'	'
Maximum percentage of common stock shares issued (in percent)	'	'	5.00%	'
Authorized and unissued common stock shares	5,000,000	'	5,000,000	'
Number of common shares granted	'	'	'	6,300
Number of common shares vested	'	'	8,800	'
Total unrecognized restricted stock compensation	$36,000	'	$36,000	'
Stock Incentive Plan [Member] | Employees of an Affiliate [Member]	'	'	'	'
Number of common shares granted	'	'	20,699	'

Related_Party_Arrangements_Det

Related Party Arrangements (Details) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Expensed	'	'
Reimbursable general and administrative expenses	'	$775,509
Reimbursable property operating expenses and acquisition fees	'	223,059
Supplemental transaction based advisory fees	259,000	229,175
Acquisition fees	145,700	240,675
Property management fees	76,258	9,537
Oversight Fees	1,387	'
Asset Management fees	107,332	44,819
Additional Paid-in Capital	'	'
Reimbursable other offering costs	'	30,451
Capitalized	'	'
Financing coordination fee	$206,000	$145,000

Distributions_Details_Narrativ

Distributions (Details Narrative) (USD $)	6 Months Ended
	Jun. 30, 2014
Partners' Capital Notes [Abstract]	'
Distributions paid	$169,751
Distributions paid via DRIP	$127,073