Industrial Property Trust 10-K 5 Mar 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014	Feb. 26, 2015	Jun. 30, 2014
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	FALSE
Document Period End Date	31-Dec-14
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Entity Registrant Name	INDUSTRIAL PROPERTY TRUST INC.
Entity Central Index Key	1558441
Current Fiscal Year End Date	-19
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		29.2
Entity Public Float			$0

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
ASSETS
Net investment in real estate properties	$412,769	$0
Cash and cash equivalents	8,119	2,871
Straight-line and tenant receivables, net	506	0
Deferred financing costs, net	1,877	0
Acquisition deposits	7,927	213
Due from affiliates	26	287
Due from transfer agent	1,430	450
Other assets	1,301	231
Total assets	433,955	4,052
Liabilities
Accounts payable and accrued expenses	1,412	391
Debt	235,000	0
Due to affiliates	251	75
Distributions payable	2,368	32
Intangible lease liabilities, net	5,259	0
Other liabilities	2,786	0
Total liabilities	247,076	498
Commitments and contingencies (Note 12)
Stockholders' equity:
Preferred stock, $0.01 par value-200,000 shares authorized, none issued and outstanding	0	0
Common stock, $0.01 par value-1,500,000 shares authorized, 23,030 and 420 shares issued and outstanding, respectively	230	4
Additional paid-in capital	203,806	3,815
Accumulated deficit	-17,158	-266
Total stockholders' equity	186,878	3,553
Noncontrolling interests	1	1
Total equity	186,879	3,554
Total liabilities and equity	$433,955	$4,052

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	200,000,000	200,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	1,500,000,000	1,500,000,000
Common stock, shares issued	23,030,000	420,000
Common stock, shares outstanding	23,030,000	420,000

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	4 Months Ended	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2014	Dec. 31, 2013
Revenues:
Rental revenues	$0	$6,645	$0
Total revenues	0	6,645	0
Operating expenses:
Rental expenses	0	1,580	0
Real estate-related depreciation and amortization	0	4,020	0
General and administrative expenses	0	2,236	391
Organization expenses, related party	0	17	76
Asset management fees, related party	0	902	0
Acquisition expenses, related party	0	8,168	0
Acquisition expenses	0	3,915	63
Total operating expenses	0	20,838	530
Total operating expenses	0	20,838	530
Operating loss	0	-14,193	-530
Other expense:
Interest expense	0	1,001	3
Total other expense	0	1,001	3
Total other expense	0	1,001	3
Net expenses before expense support from Advisor	0	21,839	533
Expense support from Advisor	0	3,496	306
Expense support from Advisor	0	3,496	306
Net expenses after expense support from Advisor	0	18,343	227
Net loss	0	-11,698	-227
Net loss attributable to noncontrolling interests	0	0	0
Net loss attributable to common stockholders	$0	($11,698)	($227)
Weighted-average shares outstanding	20	9,229	91
Net loss per common share-basic and diluted	$0	($1.27)	($2.49)

CONSOLIDATED_STATEMENTS_OF_EQU

CONSOLIDATED STATEMENTS OF EQUITY (USD $)	Total	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Noncontrolling Interests [Member]
In Thousands
Beginning balance at inception at Aug. 27, 2012
Net loss	$0
Issuance of common stock to affiliate	200		200
Issuance of common stock to affiliate, shares		20
Issuance of Special Units	1				1
Ending balance at Dec. 31, 2012	201		200		1
Ending balance, shares at Dec. 31, 2012		20
Net loss	-227			-227
Issuance of common stock	3,787	4	3,783
Issuance of common stock, shares		400
Offering costs	-168		-168
Redemptions of common stock	0
Redemptions of common stock, shares	0
Distributions to stockholders	-39			-39
Ending balance at Dec. 31, 2013	3,554	4	3,815	-266	1
Ending balance, shares at Dec. 31, 2013	420	420
Net loss	-11,698			-11,698
Issuance of common stock	225,710	226	225,484
Issuance of common stock, shares		22,622
Share-based compensation	202		202
Offering costs	-25,573		-25,573
Redemptions of common stock	-122		-122
Redemptions of common stock, shares	-12	-12
Distributions to stockholders	-5,194			-5,194
Ending balance at Dec. 31, 2014	$186,879	$230	$203,806	($17,158)	$1
Ending balance, shares at Dec. 31, 2014	23,030	23,030

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	4 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2014	Dec. 31, 2013
Operating activities:
Net loss	$0	($11,698)	($227)
Adjustments to reconcile net loss to net cash used in operating activities:
Real estate-related depreciation and amortization	0	4,020	0
Straight-line rent and amortization of above- and below-market leases	0	-719	0
Share-based compensation	0	202	0
Amortization of loan costs and other	0	316	0
Changes in operating assets and liabilities:
Tenant receivables and other assets	0	-334	-53
Accounts payable and accrued expenses and other liabilities	0	1,749	-58
Net cash used in operating activities	0	-6,464	-338
Investing activities:
Real estate acquisitions	0	-408,004	0
Acquisition deposits	0	-7,927	-197
Capital expenditures	0	-1,588	0
Net cash used in investing activities	0	-417,519	-197
Financing activities:
Proceeds from line of credit	0	258,700	0
Repayments of line of credit	0	-23,700	0
Financing costs paid	0	-2,193	0
Proceeds from issuance of common stock	200	213,851	3,337
Offering costs for issuance of common stock	0	-16,192	-125
Proceeds from issuance of Special Units	1	0	0
Cash distributions paid to common stockholders	0	-1,113	-7
Redemptions of common stock		-122
Net cash provided by financing activities	201	429,231	3,205
Net increase in cash and cash equivalents	201	5,248	2,670
Cash and cash equivalents, at beginning of period	0	2,871	201
Cash and cash equivalents, at end of period	201	8,119	2,871
Supplemental disclosure of cash flow information:
Interest paid	0	761	2
Offering proceeds due from transfer agent	0	1,430	450
Distributions payable	0	2,368	32
Stock dividends issued	0	772	0
Distributions reinvested in common stock	$0	$973	$0

DESCRIPTION_OF_BUSINESS

DESCRIPTION OF BUSINESS	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
DESCRIPTION OF BUSINESS	1. DESCRIPTION OF BUSINESS
	Unless the context otherwise requires, the “Company” refers to Industrial Property Trust Inc. and its consolidated subsidiaries. The Company is a Maryland corporation formed on August 28, 2012.
	The Company was formed to make equity and debt investments in income-producing real estate assets consisting primarily of high-quality distribution warehouses and other industrial properties that are leased to creditworthy corporate customers. Creditworthiness does not necessarily mean that the Company’s customers will be investment grade and much of the Company’s customer base is currently comprised of and is expected to continue to be comprised of non-rated and non-investment grade customers. Although the Company intends to focus investment activities primarily on distribution warehouses and other industrial properties, the charter and bylaws do not preclude it from investing in other types of commercial property, real estate debt, or real estate related equity securities. As of December 31, 2014, the Company owned a real estate portfolio that included 41 industrial buildings totaling approximately 5.8 million square feet located in 12 markets throughout the U.S. The Company operates as one reportable segment comprised of industrial real estate.
	The Company currently operates and has elected to be treated as a real estate investment trust (“REIT”) for federal income tax purposes beginning with its taxable year ended December 31, 2013, and the Company intends to continue to operate in accordance with the requirements for qualification as a REIT. The Company utilizes an Umbrella Partnership Real Estate Investment Trust (“UPREIT”) organizational structure to hold all or substantially all of its properties and securities through an operating partnership, Industrial Property Operating Partnership LP (the “Operating Partnership”), of which the Company is the sole general partner and a limited partner.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation
	The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). In the opinion of management, the accompanying consolidated financial statements contain all adjustments and eliminations, consisting only of normal recurring adjustments necessary for a fair presentation in conformity with GAAP.
	Basis of Consolidation
	The consolidated financial statements include the accounts of Industrial Property Trust Inc., the Operating Partnership, and its wholly-owned subsidiaries, as well as amounts related to noncontrolling interests. See “Noncontrolling Interests” below for further detail concerning the accounting policies regarding noncontrolling interests. All material intercompany accounts and transactions have been eliminated.
	Use of Estimates
	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 consolidated financial statements. Actual results could differ from these estimates. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the period they are determined to be necessary.
	Reclassifications
	Certain items in the Company’s consolidated statements of cash flows for 2012 and 2013 have been reclassified to conform to the 2014 presentation. These reclassifications did not impact net cash used in operating activities, net cash used in investing activities or net cash provided by financing activities.
	Investment in Real Estate Properties
	Upon acquisition, the purchase price of a property is allocated to land, building, building and land improvements, and intangible lease assets and liabilities. The purchase price allocation is based on management’s estimate of the property’s “as-if” vacant fair value. The “as-if” vacant fair value is calculated by using all available information such as the replacement cost of such asset, appraisals, property condition reports, market data and other related information.
	The allocation of the purchase price to intangible lease assets represents the value associated with the in-place leases, which may include lost rent, leasing commissions, tenant improvements, legal and other related costs. The allocation of the purchase price to above-market lease assets and below-market lease liabilities results from in-place leases being above or below management’s estimate of fair market rental rates at the acquisition date and are measured over a period equal to the remaining term of the lease for above-market leases and the remaining term of the lease, plus the term of any below-market fixed-rate renewal option periods, if applicable, for below-market leases. Intangible lease assets, above-market lease assets, and below-market lease liabilities are collectively referred to as “intangible lease assets and liabilities.”
	If any debt is assumed in an acquisition, the difference between the fair value and the face value of debt is recorded as a premium or discount and amortized to interest expense over the life of the debt assumed. No debt was assumed in connection with the 2014 acquisitions. Costs associated with the acquisition of a property, including acquisition fees paid to Industrial Property Advisors LLC (the “Advisor”) are expensed as incurred.
	The results of operations for acquired properties are included in the consolidated statements of operations from their respective acquisition dates. Intangible lease assets are amortized to real-estate related depreciation and amortization over the remaining lease term. Above-market lease assets are amortized as a reduction in rental revenue over the remaining lease term and below-market lease liabilities are amortized as an increase in rental revenue over the remaining lease term, plus any applicable fixed-rate renewal option periods. The Company expenses any unamortized intangible lease asset or records an adjustment to rental revenue for any unamortized above-market lease asset or below-market lease liability when a customer terminates a lease before the stated lease expiration date.
	Real estate assets, including land, building, building and land improvements, tenant improvements, lease commissions, and intangible lease assets and liabilities are stated at historical cost less accumulated depreciation and amortization. Costs associated with the development and improvement of the Company’s real estate assets are capitalized as incurred. Costs incurred in making repairs and maintaining real estate assets are expensed as incurred. Real estate-related depreciation and amortization are computed on a straight-line basis over the estimated useful lives as described in the following table:
	Land	Not depreciated
	Building	20 to 40 years
	Building and land improvements	5 to 20 years
	Tenant improvements	Lesser of useful life or lease term
	Lease commissions	Over lease term
	Intangible lease assets	Over lease term
	Above-market lease assets	Over lease term
	Below-market lease liabilities	Over lease term, including below-market fixed-rate renewal options
	Real estate assets that are determined to be held and used will be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable, and the Company will evaluate the recoverability of such real estate assets based on estimated future cash flows and the estimated liquidation value of such real estate assets, and provide for impairment if such undiscounted cash flows are insufficient to recover the carrying amount of the real estate asset. If impaired, the real estate asset will be written down to its estimated fair value. For the year ended December 31, 2014, the Company did not record any impairment charges related to real estate assets. The Company had no real estate assets as of December 31, 2013.
	Cash and Cash Equivalents
	Cash and cash equivalents consist of cash on hand and highly liquid investments with original maturities at the acquisition date of three months or less.
	Deferred Financing Costs
	Deferred financing costs include fees and costs incurred to obtain long-term financing. These fees and costs are amortized to interest expense over the terms of the related loans. Unamortized deferred financing costs are written off if debt is retired before its maturity date. Accumulated amortization of deferred financing costs was approximately $0.3 million as of December 31, 2014. There was no accumulated amortization of deferred financing costs as of December 31, 2013. The Company’s interest expense for the year ended December 31, 2014 included $0.3 million of amortization of financing costs. There was no amortization of financing costs for any period prior to 2014 as the Company had no outstanding debt prior to 2014.
	Straight-line Rent and Tenant Receivables
	Straight-line rent and tenant receivables include all straight-line rent and accounts receivable, net of allowances. The Company maintains an allowance for estimated losses that may result from the inability of certain of its customers to make required payments. If a customer fails to make contractual payments beyond any allowance, the Company may recognize additional bad debt expense in future periods equal to the net outstanding balances. As of December 31, 2014 and 2013, there was no allowance for doubtful accounts.
	Noncontrolling Interests
	Due to the Company’s control of the Operating Partnership through its sole general partner interest and its limited partner interest, the Company consolidates the Operating Partnership. The limited partner interests not owned by the Company are presented as noncontrolling interests in the consolidated financial statements. The noncontrolling interests are reported on the consolidated balance sheets within permanent equity, separate from stockholders’ equity. As the limited partner interests do not participate in the profits and losses of the Operating Partnership, there is no net income or loss attributable to the noncontrolling interests on the consolidated statements of operations.
	Revenue Recognition
	The Company records rental revenue on a straight-line basis over the full lease term. Certain properties have leases that offer the tenant a period of time where no rent is due or where rent payments change during the term of the lease. Accordingly, the Company records receivables from tenants for rent that the Company expects to collect over the remaining lease term rather than currently, which are recorded as a straight-line rent receivable. When the Company acquires a property, the term of existing leases is considered to commence as of the acquisition date for purposes of this calculation.
	Tenant reimbursement revenue includes payments and amounts due from tenants pursuant to their leases for real estate taxes, insurance and other recoverable property operating expenses and is recognized as rental revenue in the period the applicable expenses are incurred. For the year ended December 31, 2014, tenant reimbursement revenue recognized in rental revenues was approximately $1.4 million. There was no tenant reimbursement revenue for the year ended December 31, 2013 nor for the period from inception (August 28, 2012) to December 31, 2012.
	In connection with property acquisitions, the Company may acquire leases with rental rates above or below estimated market rental rates. Above-market lease assets are amortized as a reduction to rental revenue over the remaining lease term, and below-market lease liabilities are amortized as an increase to rental revenue over the remaining lease term, plus any applicable fixed-rate renewal option periods.
	The Company expenses any unamortized intangible lease asset or records an adjustment to rental revenue for any unamortized above-market lease asset or below-market lease liability by reassessing the estimated remaining useful life of such intangible lease asset or liability when it becomes probable a customer will terminate a lease before the stated lease expiration date.
	Share-Based Compensation
	The Company accounts for share-based compensation related to restricted stock issued to certain eligible individuals using a fair value based methodology, which is based upon the stock price on the vesting date and requires the amount of related expense to be adjusted to the fair value of the award at the end of each reporting period until the awards have fully vested. Share-based compensation expense for restricted stock is amortized using a graded vesting attribution method and is recognized in general and administrative expenses in the Company’s consolidated statements of operations.
	Organization and Offering Expenses
	Organization and offering expenses are accrued by the Company only to the extent that the Company is successful in raising gross offering proceeds. If the Company is not successful in raising additional equity proceeds, no additional amounts will be payable by the Company to the Advisor for reimbursement of cumulative organization and offering expenses. Organization costs are expensed in the period they become reimbursable and offering expenses associated with the Company’s public offerings are recorded as a reduction of gross offering proceeds in additional paid-in capital. See “Note 10” for additional information regarding when organization and offering expenses become reimbursable.
	Income Taxes
	The Company elected under the Internal Revenue Code of 1986, as amended, to be taxed as a REIT beginning with the tax year ended December 31, 2013. As a REIT, the Company generally is not subject to federal income taxes on net income it distributes to its stockholders. The Company intends to make timely distributions sufficient to satisfy the annual distribution requirements. If the Company fails to qualify as a REIT in any taxable year, the Company will be subject to federal income tax on its taxable income at regular corporate tax rates. Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain state and local taxes on its income and property and federal income and excise taxes on its undistributed income.
	Net Loss Per Common Share
	The Company computes net loss per common share by dividing net loss by the weighted-average number of common shares outstanding during the period. There were no dilutive shares for the years ended December 31, 2014 and 2013 and for the period from inception (August 28, 2012) to December 31, 2012.
	Recent Accounting Standards
	In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity” (“ASU 2014-08”), which changes the criteria pursuant to which a disposal will qualify as a discontinued operation and requires new disclosure of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. Under the revised standard, the definition of discontinued operations has been changed so that only disposals of components that represent strategic shifts qualify for discontinued operations reporting. As permitted, the Company adopted ASU 2014-08 early, and it became effective for the Company for the quarter ended March 31, 2014. The adoption of this standard did not have an impact on the Company’s overall results of operations, financial position or liquidity.
	In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”), which provides guidance for revenue recognition and supersedes the revenue recognition requirements in Topic 605, “Revenue Recognition.” The standard is based on the principle 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. ASU 2014-09 also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. The new guidance specifically excludes revenue derived from lease contracts from its scope. The standard will be effective for the Company in the first quarter of fiscal year 2017. Early adoption is not permitted. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements.
	In February 2015, the FASB issued ASU No. 2015-02, “Amendments to the Consolidation Analysis” (“ASU 2015-02”), which improves targeted areas of the consolidation guidance and reduces the number of consolidation models. The amendments in the ASU are effective for annual and interim periods in fiscal years beginning after December 15, 2015, with early adoption permitted. The Company is currently evaluating the effect this guidance will have on its consolidated financial statements.

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Dec. 31, 2014
Business Combinations [Abstract]
ACQUISITIONS	3. ACQUISITIONS
	The Company acquired 100% of the following properties during the year ended December 31, 2014:
													Intangibles
	($ in thousands)		2014		Number				Land		Building		Intangible		Above-		Below-			Total
			Acquisition		of								Lease		Market		Market			Purchase
			Date		Buildings								Assets		Lease		Lease			Price (1)
															Assets		Liabilities
	West Valley Distribution Center		15-Jan			1			$	3,051	$	4,241	$	657	$	85	$	(182	)	$	7,852
	Century Distribution Center		17-Mar			1				2,854		8,102		824		-		(268	)		11,512
	Oakesdale Commerce Center		28-Mar			1				1,483		2,214		304		-		-			4,001
	Medley Distribution Center		9-May			1				1,090		2,601		423		-		(54	)		4,060
	Rialto Distribution Center		6-Jun			1				6,575		12,965		1,363		-		(953	)		19,950
	Palm Beach Commerce Center		20-Jun			1				1,425		4,955		820		-		-			7,200
	Windham Industrial Center		30-Jun			1				2,808		7,493		696		-		(97	)		10,900
	Meadows Distribution Center		4-Sep			1				1,686		6,043		242		-		-			7,971
	Corridor Industrial Center		16-Sep			1				4,247		4,795		868		15		(44	)		9,881
	O’Hare Distribution Center		17-Sep			1				11,140		13,347		2,048		415		-			26,950
	Lehigh Valley Commerce Center		25-Sep			1				1,545		3,940		516		-		-			6,001
	Corridor Industrial Center II		29-Sep			3				11,500		13,135		2,180		41		(59	)		26,797
	Bolingbrook Industrial Center		30-Sep			1				1,124		2,136		510		317		-			4,087
	Normal Junction Commerce Center		21-Oct			2				2,780		8,540		1,289		-		(156	)		12,453
	Mechanicsburg Distribution Center		23-Oct			1				1,931		5,548		896		-		-			8,375
	West Valley Distribution Center II		24-Oct			2				1,885		3,631		491		-		(120	)		5,887
	CentrePort Distribution Center		31-Oct			1				2,795		12,738		1,394		-		(234	)		16,693
	Tacoma Commerce Center		31-Oct			1				1,808		1,317		280		-		(55	)		3,350
	Richmond Distribution Center		31-Oct			1				8,185		9,847		818		-		(500	)		18,350
	Auburn Industrial Center		12-Nov			1				2,576		4,549		683		42		-			7,850
	Dallas Distribution Portfolio		26-Nov			3				12,987		60,924		723		-		(37	)		74,597
	Dorsey Run Distribution Center		9-Dec			1				3,123		3,124		713		176		(51	)		7,085
	Portland Industrial Center		18-Dec			9				18,422		36,797		4,684		11		(2,678	)		57,236
	Peachtree Industrial Center		24-Dec			4				6,461		38,593		5,026		146		(140	)		50,086
	Total acquisitions					41			$	113,481	$	271,575	$	28,448	$	1,248	$	(5,628	)	$	409,124
	-1	Total purchase price exclusive of transfer taxes, due diligence expenses, and other closing costs equals consideration paid. The purchase price allocations are preliminary based on the Company’s estimate of the fair value determined from all available information at the time of acquisition and, therefore, are subject to change upon the completion of the Company’s analysis of appraisals, evaluation of the credit quality of customers, and working capital adjustments within the measurement period, which will not exceed 12 months from the acquisition date. The Company does not expect future revisions, if any, to have a significant impact on its financial position or results of operations.
	Intangible and above-market lease assets are amortized over the remaining lease term. Below-market lease liabilities are amortized over the remaining lease term, plus any below-market, fixed-rate renewal option periods. The weighted-average amortization periods for the intangible assets and liabilities acquired in connection with these acquisitions, as of the date of acquisition, were as follows:
	Property		Amortization
			Period
			(years)
	West Valley Distribution Center			3.8
	Century Distribution Center			10
	Oakesdale Commerce Center			3
	Medley Distribution Center			3
	Rialto Distribution Center			7.7
	Palm Beach Commerce Center			9.1
	Windham Industrial Center			2.2
	Meadows Distribution Center			10.8
	Corridor Industrial Center			7.2
	O’Hare Distribution Center			4.3
	Lehigh Valley Commerce Center			5
	Corridor Industrial Center II			2.7
	Bolingbrook Industrial Center			4.6
	Normal Junction Commerce Center			5.5
	Mechanicsburg Distribution Center			5.2
	West Valley Distribution Center II			2
	CentrePort Distribution Center			2.7
	Tacoma Commerce Center			3.5
	Richmond Distribution Center			2.1
	Auburn Industrial Center			1.6
	Dallas Distribution Portfolio			4.8
	Dorsey Run Distribution Center			7
	Portland Industrial Center			6.2
	Peachtree Industrial Center			3.7
	Pro Forma Financial Information (Unaudited)
	The table below includes the following: (i) actual revenues and net loss for the 2014 acquisitions (described above) included in the Company’s consolidated statements of operations for the year ended December 31, 2014; and (ii) pro forma revenues and net income (loss) reflecting the 2014 acquisitions, as if the date of each acquisition had been January 1, 2013. The pro forma financial information is not intended to represent or be indicative of the Company’s consolidated financial results that would have been reported had the acquisitions been completed at the beginning of the comparable prior period presented and should not be taken as indicative of its future consolidated financial results.
			For the Year Ended
December 31,
(in thousands)		2014				2013
Actual:
Total revenues		$	6,645			$	-
Net loss		$	(11,698	)		$	(227	)
Pro forma:
Total revenues (1)		$	25,676			$	25,676
Net loss (2)		$	(1,942	)		$	(14,496	)
-1	The pro forma total revenues were adjusted to include incremental revenue of $19.0 million and $25.7 million for the years ended December 31, 2014 and 2013, respectively. The incremental rental revenue was determined based on each acquired property’s historical rental revenue and the purchase accounting entries and includes: (i) the incremental base rent adjustments calculated based on the terms of the acquired leases and presented on a straight-line basis; and (ii) the incremental reimbursement and other revenue adjustments, which consist primarily of rental expense recoveries, and are determined based on the acquired customer’s historical reimbursement and other revenue with respect to the acquired properties.
-2	The pro forma net income was adjusted to exclude acquisition-related expenses of $12.1 million for the year ended December 31, 2014. For the year ended December 31, 2013, the pro forma net loss was adjusted to include acquisition-related expenses of $12.1 million relating to the 2014 acquisitions, as if these expenses had been incurred as of January 1, 2013.

INVESTMENT_IN_REAL_ESTATE_PROP

INVESTMENT IN REAL ESTATE PROPERTIES	12 Months Ended
	Dec. 31, 2014
Real Estate [Abstract]
INVESTMENT IN REAL ESTATE PROPERTIES	4. INVESTMENT IN REAL ESTATE PROPERTIES
	As of December 31, 2014, the Company’s portfolio consisted of 41 industrial buildings totaling approximately 5.8 million square feet. As of December 31, 2013, the Company did not own any properties.
	(in thousands)	December 31,			December 31,
		2014			2013
	Land	$	113,481		$	-
	Building and improvements		273,070			-
	Intangible lease assets		30,319			-
	Investment in real estate properties		416,870			-
	Less accumulated depreciation and amortization		(4,101	)		-
	Net investment in real estate properties	$	412,769		$	-
	Intangible Lease Assets and Liabilities
	Intangible lease assets and liabilities included the following:
		December 31, 2014									December 31, 2013
	(in thousands)	Gross			Accumulated			Net			Gross		Accumulated		Net
					Amortization								Amortization
	Intangible lease assets	$	29,071		$	(2,073	)	$	26,998		$	-	$	-	$	-
	Above-market lease assets		1,248			(81	)		1,167			-		-		-
	Below-market lease liabilities		(5,628	)		369			(5,259	)		-		-		-
	The following table details the estimated net amortization of such intangible lease assets and liabilities, as of December 31, 2014, for the next five years and thereafter:
		Estimated Net Amortization
	(in thousands)	Intangible			Above-Market			Below-Market
		Lease Assets			Lease Assets			Lease Liabilities
	2015	$	8,369		$	321		$	(1,369	)
	2016		5,808			273			(844	)
	2017		4,465			234			(716	)
	2018		3,101			209			(556	)
	2019		1,789			50			(440	)
	Thereafter		3,466			80			(1,334	)
	Total	$	26,998		$	1,167		$	(5,259	)
	Future Minimum Rent
	Future minimum base rental payments, which equal the cash basis of monthly contractual rent, owed to the Company from its customers under the terms of non-cancelable operating leases in effect as of December 31, 2014, excluding rental revenues from the potential renewal or replacement of existing future leases and from tenant reimbursement revenue, were as follows for the next five years and thereafter:
	(in thousands)	Future Minimum Base
		Rental Payments
	2015	$	19,567
	2016		19,318
	2017		17,704
	2018		14,782
	2019		10,886
	Thereafter		28,785
	Total	$	111,042
	Rental Revenue and Depreciation and Amortization Expense
	The following table summarizes straight-line rent adjustments, amortization recognized as an increase (decrease) to rental revenues from above-and below-market lease assets and liabilities, and real-estate related depreciation and amortization expense:
		For the Year Ended						For the Period
		December 31,						from Inception
								(August 28, 2012) to
	(in thousands)	2014			2013			December 31, 2012
	Increase (Decrease) to Rental Revenue:
	Straight-line rent adjustments	$	431		$	-		$	-
	Above-market lease amortization		(81	)		-			-
	Below-market lease amortization		369			-			-
	Real Estate-Related Depreciation and Amortization:
	Depreciation expense	$	1,947		$	-		$	-
	Intangible lease asset amortization		2,073			-			-

DEBT

DEBT	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
DEBT	5. DEBT
	Line of Credit
	In January 2014, the Company entered into a revolving credit agreement with an initial aggregate commitment of $100.0 million. The Company subsequently amended and increased the aggregate commitment to $250.0 million in November 2014. In December 2014, the Company amended and increased the size of the credit facility to $350.0 million. The Company has the ability to expand the commitment up to a maximum aggregate amount of $500.0 million, subject to certain conditions. The line of credit matures in January 2017, and may be extended pursuant to two one-year extension options, subject to certain conditions. The primary interest rate is variable and calculated based on one-month London Interbank Offered Rate (“LIBOR”) plus a margin ranging from 1.90% to 2.75%, or an alternative base rate plus a margin of 0.90% to 1.75%. The line of credit is available for general corporate purposes, including but not limited to the acquisition, development and operation of industrial properties and other permitted investments. As of December 31, 2014, the Company had $235.0 million outstanding under the line of credit with an interest rate of 2.07%; the unused portion was $115.0 million, of which $32.1 million was available.
	Debt Covenants
	The Company’s line of credit contains various property level covenants, including customary affirmative and negative covenants. In addition, the line of credit contains certain corporate level financial covenants, including leverage ratio, fixed charge coverage ratio, and tangible net worth thresholds. The Company was in compliance with all debt covenants as of December 31, 2014.

FAIR_VALUE

FAIR VALUE	12 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
FAIR VALUE	6. FAIR VALUE
	Fair value measurements are determined based on the assumptions that market participants would use in pricing the asset or liability. Fair value measurements are categorized into one of three levels of the fair value hierarchy based on the lowest level of significant input used. 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’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. Considerable judgment and a high degree of subjectivity are involved in developing these estimates. These estimates may differ from the actual amounts that the Company could realize upon settlement.
	The fair value hierarchy is as follows:
	Level 1—Quoted (unadjusted) prices in active markets for identical assets or liabilities.
	Level 2—Other observable inputs, either directly or indirectly, other than quoted prices included in Level 1, including:
		•		Quoted prices for similar assets/liabilities in active markets;
		•		Quoted prices for identical or similar assets/liabilities in non-active markets (e.g., few transactions, limited information, non-current prices, high variability over time);
		•		Inputs other than quoted prices that are observable for the asset/liability (e.g., interest rates, yield curves, volatilities, default rates); and
		•		Inputs that are derived principally from or corroborated by other observable market data.
	Level 3—Unobservable inputs that cannot be corroborated by observable market data.
	The table below includes the fair value for the Company’s financial instrument for which it is practicable to estimate fair value. The carrying value and fair value of the line of credit was as follows:
			December 31, 2014				December 31, 2013
	(in thousands)		Carrying		Fair		Carrying		Fair
			Value		Value		Value		Value
	Line of credit		$	235,000	$	235,000	$	-	$	-
	The Company had no non-financial assets or liabilities that were required to be measured at fair value on a recurring basis.
	The following are the methods and assumptions used to estimate the fair value:
	Line of Credit. The fair value of the line of credit is estimated using discounted cash flow methods based on the Company’s estimate of market interest rates, which the Company has determined to be its best estimate of current market spreads over comparable term benchmark rates of similar instruments. Credit spreads relating to the underlying instruments are based on Level 3 inputs.
	The fair values of cash and cash equivalents, tenant receivables, due from/to affiliates, accounts payable, and distributions payable approximate their carrying values because of the short-term nature of these instruments. As such, these assets and liabilities are not listed in the carrying value and fair value table above.

INCOME_TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
INCOME TAXES	7. INCOME TAXES
	The Company has concluded that there was no impact related to uncertain tax positions from the results of operations of the Company for the years ended December 31, 2014 and 2013 and for the period from inception (August 28, 2012) to December 31, 2012. The U.S. is the major tax jurisdiction for the Company and the earliest tax year subject to examination by the taxing authority is 2012.
	Distributions
	Distributions to stockholders are characterized for federal income tax purposes as: (i) ordinary income; (ii) non-taxable return of capital; or (iii) long-term capital gain. Distributions that exceed the Company’s current and accumulated tax earnings and profits constitute a return of capital and reduce the stockholders’ basis in the common shares. To the extent that a distribution exceeds both current and accumulated earnings and profits and the stockholders’ basis in the common shares, the distributions will generally be treated as a gain from the sale or exchange of such stockholders’ common shares. At the beginning of each year, the Company notifies its stockholders of the taxability of the distributions paid during the preceding year. The following table summarizes the information reported to investors regarding the taxability of distributions on common shares for the year ended December 31, 2014 and 2013.
	The unaudited preliminary taxability of the Company’s 2014 and 2013 distributions was:
		For the Year Ended
		December 31,
		2014		2013
	Per common share:
	Ordinary income	$	0.469	$	-
	Non-taxable return of capital		-		0.225
	Long-term capital gain		-		-
	Total distribution	$	0.469	$	0.225

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2014
Equity [Abstract]
STOCKHOLDERS' EQUITY	8. STOCKHOLDERS’ EQUITY
	Initial Public Offering
	On September 27, 2012, the Company filed a registration statement with the SEC on Form S-11 in connection with the initial public offering of up to $2.0 billion in shares of common stock (the “Offering”). The registration statement was subsequently declared effective on July 24, 2013. Pursuant to the registration statement for the Offering, the Company is offering for sale up to $1.5 billion in shares of common stock at a price of $10.00 per share, and up to $500.0 million in shares under the Company’s distribution reinvestment plan at a price of $9.50 per share. The Company has the right to reallocate the shares of common stock offered between the Company’s primary offering and the Company’s distribution reinvestment plan. Dividend Capital Securities LLC (the “Dealer Manager”) provides dealer manager services in connection with the Offering. The Offering is a best efforts offering, which means that the Dealer Manager is not required to sell any specific number or dollar amount of shares of common stock in the Offering, but will use its best efforts to sell the shares of common stock. The Offering is a continuous offering that will end no later than two years after the effective date of the Offering, or July 24, 2015, unless extended for up to an additional one and a half year period by the Company’s board of directors, subject to applicable regulatory requirements.
	As of December 31, 2014, the Company had raised gross proceeds of $228.9 million from the sale of 22.9 million shares of its common stock in the Offering, including shares issued under the Company’s distribution reinvestment plan. As of that date, 179.6 million shares remained available for sale pursuant to the Offering, including 52.5 million shares available for sale through the Company’s distribution reinvestment plan.
	Dividends
	The Company intends to accrue and make cash distributions on a quarterly basis. In addition to the cash distributions, the Company’s board of directors authorized special daily stock dividends to all common stockholders of record as of the close of business on each day for the first, second and third quarters of 2014 in an amount equal to 0.000047945 of a share of common stock on each outstanding share of common stock (which is equal to a quarterly distribution rate of $0.04375 based on the $10.00 per share Offering price). Quarterly cash distributions and stock dividends for each stockholder are calculated for each day the stockholder has been a stockholder of record during such quarter. Cash distributions for stockholders participating in the Company’s distribution reinvestment plan will be reinvested into shares of the Company’s common stock.
	Cash Distributions. The following table summarizes the Company’s cash distribution activity (including cash distributions reinvested in shares of the Company’s common stock):
					Amount
	(in thousands, except per share data)		Payment Date		Declared per				Paid				Reinvested		Total
					Common Share				in Cash				in Shares		Distributions
	2014
	31-Dec		14-Jan-15		$	0.125			$	1,198			$	1,170	$	2,368
	30-Sep		15-Oct-14			0.11875				710				674		1,384
	30-Jun		15-Jul-14			0.1125				300				258		558
	31-Mar		15-Apr-14			0.1125				74				38		112
	Total								$	2,282			$	2,140	$	4,422
	2013
	31-Dec		15-Jan-14		$	0.1125			$	29			$	3	$	32
	September 30 (1)		December 20, 2013			0.1125				7				-		7
	Total								$	36			$	3	$	39
	-1	Cash distributions were authorized to all common stockholders of record as of the close of business on each day commencing on the date that the Company met the minimum offering requirements in connection with the Offering and ending on the last day of the quarter in which the minimum offering requirements were met (the “Initial Quarter”). Accordingly, the Initial Quarter commenced on September 6, 2013 and ended on September 30, 2013.
	Stock Dividends. The following table summarizes the Company’s stock dividend activity:
	(in thousands)		Issuance Date		Shares				Amount (1)
	30-Sep-14		1-Oct-14			51			$	515
	30-Jun-14		1-Jul-14			22				216
	31-Mar-14		1-Apr-14			4				41
	Total					77			$	772
	-1	Amount based on the $10.00 per share Offering price.
	Redemptions
	Subject to certain restrictions and limitations, a stockholder may redeem shares of the Company’s common stock for cash at a price that may reflect a discount from the purchase price paid for the shares of common stock being redeemed. Shares of common stock must be held for a minimum of one year, subject to certain exceptions. The Company is not obligated to redeem shares of its common stock under the share redemption program. The Company presently limits the number of shares to be redeemed during any consecutive 12-month period to no more than five percent of the number of shares of common stock outstanding at the beginning of such 12-month period. The Company also limits redemptions in accordance with a quarterly cap. The discount from the purchase price paid for the redeemed shares will vary based upon the length of time that the shares of common stock have been held, as follows:
	Share Purchase Anniversary		Redemption Price as a
			Percentage of
			Purchase Price
	Less than one year			No redemption allowed
	One year			92.5%
	Two years			95.0%
	Three years			97.5%
	Four years and longer			100.00%
	The following table summarizes the Company’s redemption activity:
			For the Year Ended
			December 31,
	(in thousands, except per share data)		2014				2013				2012
	Number of eligible shares redeemed			12				-				-
	Aggregate amount of shares redeemed		$	122			$	-			$	-
	Average redemption price per share		$	10			$	-			$	-

SHAREBASED_COMPENSATION

SHARE-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
SHARE-BASED COMPENSATION	9. SHARE-BASED COMPENSATION
	The Company’s Equity Incentive Plan, effective as of July 16, 2013 (the “Equity Incentive Plan”), provides for the grant of options, stock appreciation rights, restricted stock, restricted stock units, dividend equivalent rights or other share-based awards. Directors, officers, and employees (if any) of the Company, as well as any advisor or consultant, including employees of the Advisor and the property manager, are eligible to receive awards under the Equity Incentive Plan; provided that, the individual is performing bona fide advisory or consulting services for the Company, the services provided by the individual are not in connection with the offer or sale of securities in a capital raising transaction, and do not directly or indirectly promote or maintain a market for the Company’s common stock. The Company has registered a total of 5.0 million shares of common stock for issuance pursuant to the Equity Incentive Plan, subject to certain adjustments set forth in the plan.
	For the year ended December 31, 2014, the Company granted an aggregate of 25,500 shares of restricted stock to the Company’s independent directors under the Equity Incentive Plan. Of this amount, 15,000 shares immediately vested. Each independent director’s portion of the remaining 10,500 shares will vest on the earliest of the following: (i) July 1, 2015; (ii) the day immediately before the Company’s 2015 annual meeting of stockholders; (iii) the date of termination of service as a director due to death or “permanent and total disability” (as defined under Section 22(e)(3) of the Code); or (iv) immediately before and contingent upon the occurrence of a change in control (as defined in the Equity Incentive Plan).
	A summary of the Company’s activity with respect to the issuance of restricted stock pursuant to its Equity Incentive Plan is as follows:
	(shares in thousands)		Shares			Weighted-Average
						Fair Value per Share (1)
	Nonvested shares at beginning of period			-		$	-
	Granted			26		$	10
	Vested			(15	)	$	10
	Forfeited			-		$	-
	Nonvested shares at end of period			11		$	10
	-1	Based on the Company’s primary Offering price of $10.00 per share on the grant date.
	The following table summarizes other share-based compensation data:
			For the Year Ended
			December 31,
	(in thousands, except per share data)		2014			2013
	Share-based compensation expense		$	202		$	-
	Total fair value of restricted stock vested		$	150		$	-
	Weighted-average grant date fair value of restricted stock granted, per share (1)		$	10		$	-
	-1	Based on the Company’s primary Offering price of $10.00 per share on the grant date.
	As of December 31, 2014, the aggregate unrecognized compensation cost related to the restricted stock was approximately $0.1 million and is expected to be fully recognized over a weighted-average period of 0.3 years.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	10. RELATED PARTY TRANSACTIONS
	The Company relies on the Advisor, a related party, to manage the Company’s day-to-day operating and acquisition activities and to implement the Company’s investment strategy pursuant to the terms of an amended and restated advisory agreement (the “Advisory Agreement”), dated July 16, 2014, by and among the Company, the Operating Partnership, and the Advisor. The Advisor is considered to be a related party of the Company because certain indirect owners and officers of the Advisor serve as directors and/or executive officers of the Company. The Dealer Manager, also a related party, provides dealer manager services in connection with the Offering. The Advisor and the Dealer Manager receive compensation in the form of fees and expense reimbursements for services relating to the Offering and for the investment and management of the Company’s assets. The following summarizes the fees and expense reimbursements:
	Sales Commissions. Sales commissions are payable to the Dealer Manager, all of which may be reallowed to participating unaffiliated broker dealers, and are equal to up to 7.0% of the gross proceeds from the sale of shares in the Offering.
	Dealer Manager Fees. Dealer manager fees are payable to the Dealer Manager and are equal to up to 2.5% of the gross proceeds from the sale of shares in the Offering.
	Acquisition Fees. Acquisition fees are payable to the Advisor in connection with the acquisition of real property, and will vary depending on whether the Advisor provides development services or development oversight services, each as described below, in connection with the acquisition (including, but not limited to, forward commitment acquisitions) or stabilization (including, but not limited to, development and value add transactions) of such real property, or both. The Company refers to such properties for which the Advisor provides development services or development oversight services as development real properties. For each real property acquired for which the Advisor does not provide development services or development oversight services, the acquisition fee is an amount equal to 2.0% of the total purchase price of the properties acquired (or the Company’s proportional interest therein), until such time as the Company has invested an aggregate amount of $500.0 million in such properties, at which time the acquisition fee will be reduced to 1.0% of the total purchase price of the properties acquired (or the Company’s proportional interest therein), including in all instances real property held in joint ventures or co-ownership arrangements. In connection with providing services related to the development, construction, improvement or stabilization, including tenant improvements, of development real properties, which the Company refers to collectively as development services, or overseeing the provision of these services by third parties on the Company’s behalf, which the Company refers to as development oversight services, the acquisition fee, which the Company refers to as the development acquisition fee, will equal up to 4.0% of total project cost, including debt, whether borrowed or assumed (or the Company’s proportional interest therein with respect to real properties held in joint ventures or co-ownership arrangements). If the Advisor engages a third party to provide development services directly to the Company, the third party will be compensated directly by the Company and the Advisor will receive the development acquisition fee if it provides the development oversight services. For an acquisition of an interest in a real estate-related entity, the acquisition fee will equal (i) 1.0% of the Company’s proportionate share of the purchase price of the property owned by any real estate-related entity in which the Company acquires a majority economic interest or that the Company consolidates for financial reporting purposes in accordance with GAAP, and (ii) 1.0% of the purchase price in connection with the acquisition of any interest in any other real estate-related entity. In addition, the Advisor is entitled to receive an acquisition fee of 1.0% of the purchase price, including any third-party expenses related to such investment, in connection with the acquisition or origination of any type of debt investment or other investment.
	Asset Management Fees. Asset management fees consist of a monthly fee of one-twelfth of 0.80% of the aggregate cost (including debt, whether borrowed or assumed, and before non-cash reserves and depreciation) of each real property asset within the Company’s portfolio (or the Company’s proportional interest therein with respect to real estate property held in joint ventures, co-ownership arrangements or real estate-related entities in which the Company owns a majority economic interest or that the Company consolidates for financial reporting purposes in accordance with GAAP). Asset management fees are also paid in connection with a disposition, which may involve a direct or indirect sale of one or more assets, a sale, merger, or other transaction, a listing of the Company’s common stock on a national securities exchange or the receipt by the Company’s stockholders of securities listed on a national securities exchange, in an amount equal to 2.0% of the total consideration paid in connection with the disposition.
	Organization and Offering Expenses. The Company reimburses the Advisor or its affiliates for cumulative organization expenses and for cumulative expenses of its public offerings up to 2.0% of the aggregate gross offering proceeds from the sale of shares in its public offerings. The Advisor or an affiliate of the Advisor is responsible for the payment of the Company’s cumulative organization expenses and offering expenses to the extent that such cumulative expenses exceed the 2.0% organization and offering expense reimbursement for the Company’s public offerings, without recourse against or reimbursement by the Company. Organization and offering expenses are accrued by the Company only to the extent that the Company is successful in raising gross offering proceeds. If the Company is not successful in raising additional amounts of offering proceeds, no additional amounts will be payable by the Company to the Advisor for reimbursement of cumulative organization and offering expenses. Organization costs are expensed in the period they become reimbursable and offering costs are recorded as a reduction of gross offering proceeds in additional paid-in capital.
	Other Expense Reimbursements. In addition to the reimbursement of organization and offering expenses, the Company is also obligated, subject to certain limitations, to reimburse the Advisor for certain costs incurred by the Advisor or its affiliates, such as personnel and overhead expenses, in connection with the services provided to the Company under the Advisory Agreement, provided that the Advisor does not receive a specific fee for the activities which generate the expenses to be reimbursed. The Advisor may utilize its officers to provide such services and in certain instances those individuals may include the Company’s principal executive officer and principal financial officer.
	The table below summarizes the fees and expenses incurred by the Company for services provided by the Advisor and the Dealer Manager related to the services described above, and any related amounts payable:
			Incurred
			For the Year Ended				For the Period		Payable as of
			December 31,				from Inception		December 31,
							(August 28, 2012) to
	(in thousands)		2014		2013		December 31,  2012		2014		2013
	Expensed:
	Organization costs (1)		$	17	$	76	$	-	$	-	$	9
	Acquisition fees			8,168		-		-		-		-
	Asset management fees			902		-		-		-		-
	Other expense reimbursements			200		42		-		20		42
	Total		$	9,287	$	118	$	-	$	20	$	51
	Additional Paid-In Capital:
	Sales commissions		$	15,490	$	124	$	-	$	115	$	32
	Dealer manager fees			5,601		44		-		97		11
	Offering costs (1)			4,482		-		-		78		-
	Total		$	25,573	$	168	$	-	$	290	$	43
	-1	As of December 31, 2014, the Advisor had incurred $9.8 million of offering costs and $93,000 of organization costs, all of which were paid directly by the Advisor on behalf of the Company. As of December 31, 2014, the Company had reimbursed the Advisor $4.5 million related to offering costs and $93,000 related to organization costs. The Company reimburses the Advisor or its affiliates for cumulative organization expenses and for cumulative expenses of its public offerings up to 2.0% of the aggregate gross offering proceeds from the sale of shares in its public offerings. The Advisor or an affiliate of the Advisor is responsible for the payment of the Company’s cumulative organization expenses and offering expenses to the extent that such cumulative expenses exceed 2.0% of the gross offering proceeds from the sale of shares in the Company’s public offerings, without recourse against or reimbursement by the Company.
	Expense Support Agreement
	Effective as of July 1, 2014, the Company entered into an Amended and Restated Expense Support and Conditional Reimbursement Agreement (the “Amended and Restated Expense Support Agreement”) with the Operating Partnership and the Advisor. The Amended and Restated Expense Support Agreement amended and restated the prior agreement which was in effect for each quarter between October 1, 2013 and June 30, 2014 (the “Original Expense Support Agreement”). The Amended and Restated Expense Support Agreement extended the term of the agreement through June 30, 2015, and amended the definition of “Baseline Distributions” in connection with the previously announced increase in the quarterly cash distribution rate for the third quarter of 2014 from $0.11250 per share to $0.11875 per share.
	Effective October 1, 2014, the Company entered into a Second Amended and Restated Expense Support and Conditional Reimbursement Agreement (the “Second Amended and Restated Expense Support Agreement”) with the Operating Partnership and the Advisor, in order to amend the definition of Baseline Distributions in connection with the previously announced increase in the quarterly cash distribution rate for the fourth quarter of 2014 from $0.11875 per share to $0.1250 per share. Under the Second Amended and Restated Expense Support Agreement, for each quarter in the period from October 1, 2014 through June 30, 2015, Baseline Distributions are equal to the aggregate cash distributions that would have been declared for such quarter assuming daily distributions at the quarterly rate of $0.1250 per share of common stock.
	Pursuant to the Second Amended and Restated Expense Support Agreement, the Advisor has agreed to defer payment of all or a portion of the asset management fee otherwise payable to it pursuant to the Advisory Agreement if Company-defined funds from operations, as disclosed in the Company’s quarterly and annual reports (“CDFFO”), for a particular quarter is less than the “Baseline Distributions” for such quarter. “Baseline Distributions” means the aggregate distributions that would have been declared for such quarter assuming daily distributions at the quarterly rate of $0.11250 per share of common stock with respect to the third and fourth quarters of 2013 and the first and second quarters of 2014 (which is the rate at which the Company declared distributions for such quarters), $0.11875 per share of common stock for the third quarter of 2014 (which is the rate at which the Company declared distributions for that quarter) and $0.1250 for the period October 1, 2014 through June 30, 2015 (which is the rate at which the Company has declared distributions for the fourth quarter of 2014). The amount of the asset management fee that will be deferred for a particular quarter, if any, will equal the lesser of (i) the difference between the CDFFO, calculated before any fees are deferred and expense support payments are made pursuant to the agreement, and Baseline Distributions for such quarter and (ii) the entire asset management fee payable to the Advisor pursuant to the Advisory Agreement for such quarter.
	In addition, pursuant to the Second Amended and Restated Expense Support Agreement, the Advisor, in its sole discretion, may elect to fund certain expenses of the Company and the Operating Partnership as expense support payments. If, in any quarter, the Advisor elects to fund an expense support payment equal to the difference between the CDFFO, calculated before any fees are deferred and expense support payments are made pursuant to the agreement, and the Baseline Distributions less any deferred asset management fees for that quarter, then the Company, the Advisor, and the Operating Partnership will enter into a separate quarterly agreement for the provision of expense support with respect to such quarter.
	Subject to certain conditions, the Advisor is entitled to reimbursement from the Company for any asset management fees that are deferred and any expense support payments that the Advisor makes pursuant to the Second Amended and Restated Expense Support Agreement; provided that, the Company will not be obligated to reimburse the Advisor for any amount not reimbursed by the Company to the Advisor within three years after the quarter in which such reimbursable amount originated. For any quarter in which CDFFO, calculated before any fees are deferred and expense support payments are made pursuant to the agreement, exceeds the Baseline Distributions for that quarter, the Second Amended and Restated Expense Support Agreement requires that the Company reimburse the Advisor in an amount equal to the lesser of (i) the difference between the CDFFO, calculated before any fees are deferred and expense support payments are made pursuant to the agreement, and the Baseline Distributions and (ii) the sum of all outstanding reimbursable amounts. The Company’s obligation to reimburse the Advisor is non-interest bearing.
	Pursuant to the Second Amended and Restated Expense Support Agreement, the Company may use cash flow from operations to pay distributions to its stockholders that would otherwise be used to pay asset management fees or expenses. Although the Second Amended and Restated Expense Support Agreement has an effective term through June 30, 2015, it may be terminated prior thereto without cause or penalty by either the Advisor or a majority of the Company’s independent directors, in each case upon 60 days’ written notice to the other party. In addition, the Advisor’s obligations under the Second Amended and Restated Expense Support Agreement will immediately terminate upon the earlier to occur of (i) the termination or non-renewal of the Advisory Agreement, (ii) the delivery by the Company of notice to the Advisor of the Company’s intention to terminate or not renew the Advisory Agreement or (iii) the Company’s completion of a liquidity event. When the Second Amended and Restated Expense Support Agreement terminates, the Advisor will not have an obligation to defer fees in order to support the Company’s distributions. Notwithstanding the foregoing, amounts deferred or reimbursed pursuant to the Second Amended and Restated Expense Support Agreement will survive any termination or expiration and remain subject to the reimbursement terms described above without modification or acceleration.
	The table below provides information regarding expense support payment obligations incurred by the Advisor:
			For the Year Ended
			December 31,
	(in thousands)		2014		2013
	Asset management fees		$	902	$	-
	Other expense support			2,594		306
	Total expense support from the Advisor (1)		$	3,496	$	306
	-1	As of December 31, 2014, approximately $0.1 million was related to expense support to be reimbursed by the Advisor, and was recorded as due from affiliates on the consolidated balance sheets.
	The cumulative amount that is potentially reimbursable to the Advisor pursuant to the Second Amended and Restated Expense Support Agreement was $3.8 million as of December 31, 2014.
	Transactions with Affiliates
	In September 2012, the Company sold 20,000 shares of common stock to the Advisor at a price of $10.00 per share. The Company subsequently contributed $2,000 to IPT-GP Inc. (“IPT-GP”), which was a wholly-owned subsidiary of the Company and was the sole general partner of the Operating Partnership until March 2013, when IPT-GP was dissolved as described below.
	In September 2012, the Operating Partnership issued 19,800 Operating Partnership Units (“OP Units”) to the Company in exchange for $198,000, representing an approximate 99% limited partner interest. In addition, IPT-GP contributed $2,000 to the Operating Partnership in exchange for 200 OP Units, representing an approximate 1% general partner interest. In March 2013, IPT-GP was dissolved and its 200 OP Units, representing the sole general partner interest in the Operating Partnership, were distributed to the Company as the sole stockholder of IPT-GP. As a result, the Company owns 20,000 OP Units and is the general partner and a limited partner of the Operating Partnership. The rights of the holders of OP Units are limited and do not include the ability to replace the general partner or to approve the sale, purchase or refinancing of the Operating Partnership’s assets. Additionally, the Operating Partnership issued 100 partnership units (“Special Units”) to Industrial Property Advisors Group LLC, the parent of the Advisor, in exchange for $1,000. These units are classified as noncontrolling interests. See “Note 11” for additional information regarding the issuance of Special Units.

NONCONTROLLING_INTERESTS

NONCONTROLLING INTERESTS	12 Months Ended
	Dec. 31, 2014
Noncontrolling Interest [Abstract]
NONCONTROLLING INTERESTS	11. NONCONTROLLING INTERESTS
	Special Units
	In September 2012, the Operating Partnership issued 100 Special Units to the parent of the Advisor for consideration of $1,000. The holder of the Special Units does not participate in the profits and losses of the Operating Partnership. Amounts distributable to the holder of the Special Units will depend on operations and the amount of net sales proceeds received from asset dispositions or upon other events. In general, after holders of OP Units, in aggregate, have received cumulative distributions equal to their capital contributions plus a 6.5% cumulative, non-compounded annual pre-tax return on their net contributions, the holder of the Special Units and the holder of OP units will receive 15% and 85%, respectively, of the net sales proceeds received by the Operating Partnership upon the disposition of the Operating Partnership’s assets.
	In addition, the Special Units will be redeemed by the Operating Partnership, upon the earliest to occur of the following events: a “Liquidity Event” (as defined below); or the occurrence of certain events that result in the termination or non-renewal of the Advisory Agreement between the Advisor, the Company, and the Operating Partnership.
	A Liquidity Event is defined as (i) a listing of the Company’s common stock on a national securities exchange (or the receipt by the Company’s stockholders of securities that are listed on a national securities exchange in exchange for the Company’s common stock); (ii) a sale, merger or other transaction in which the Company’s stockholders either receive, or have the option to receive, cash, securities redeemable for cash, and/or securities of a publicly traded company; or (iii) the sale of all or substantially all of the Company’s assets where the Company’s stockholders either receive, or have the option to receive, cash or other consideration.
	The Company has determined that the Special Units are: (i) not redeemable at a fixed or determinable amount on a fixed or determinable date, at the option of the holder, or (ii) redeemable only upon events that are solely within the Company’s control. As a result, the Company classifies the Special Units as noncontrolling interests within permanent equity.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	12. COMMITMENTS AND CONTINGENCIES
	The Company and the Operating Partnership are not presently involved in any material litigation nor, to the Company’s knowledge, is any material litigation threatened against the Company or its investments.
	Environmental Matters
	A majority of the properties the Company acquires are subject to environmental reviews either by the Company or the previous owners. In addition, the Company may incur environmental remediation costs associated with certain land parcels it may acquire in connection with the development of land. The Company has acquired certain properties in urban and industrial areas that may have been leased to or previously owned by commercial and industrial companies that discharged hazardous material. The Company may purchase various environmental insurance policies to mitigate its exposure to environmental liabilities. The Company is not aware of any environmental liabilities that it believes would have a material adverse effect on its business, financial condition, or results of operations as of December 31, 2014.

SELECTED_QUARTERLY_FINANCIAL_D

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)	13. SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
	Selected quarterly financial data is as follows:
		For the Quarter Ended
	(in thousands, except per share data)	March 31			June 30			September 30			December 31
	2014
	Total revenues	$	185		$	690		$	1,503		$	4,267
	Total operating expenses	$	(1,250	)	$	(2,417	)	$	(4,645	)	$	(12,526	)
	Total other expenses	$	(137	)	$	(162	)	$	(158	)	$	(544	)
	Expense support from the Advisor	$	487		$	870		$	1,160		$	979
	Net loss	$	(715	)	$	(1,019	)	$	(2,140	)	$	(7,824	)
	Net loss attributable to common stockholders	$	(715	)	$	(1,019	)	$	(2,140	)	$	(7,824	)
	Net loss per common share—basic and diluted	$	(0.72	)	$	(0.21	)	$	(0.18	)	$	(0.41	)
	Weighted-average shares outstanding		991			4,946			11,645			18,939
	2013
	Total revenues	$	-		$	-		$	-		$	-
	Total operating expenses	$	-		$	-		$	(128	)	$	(402	)
	Total other expenses	$	-		$	-		$	(1	)	$	(2	)
	Expense support from the Advisor	$	-		$	-		$	-		$	306
	Net loss	$	-		$	-		$	(129	)	$	(98	)
	Net loss attributable to common stockholders	$	-		$	-		$	(129	)	$	(98	)
	Net loss per common share—basic and diluted	$	-		$	-		$	(1.61	)	$	(0.34	)
	Weighted-average shares outstanding		20			20			80			287

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	14. SUBSEQUENT EVENTS
	Status of Offering
	As of February 26, 2015, the Company had raised gross proceeds of $290.1 million from the sale of 29.1 million shares of its common stock in the Offering, including shares issued under the Company’s distribution reinvestment plan. As of that date, 173.5 million shares remained available for sale pursuant to the Offering, including 52.4 million shares available for sale through the Company’s distribution reinvestment plan.
	Completed Acquisitions
	Newark Commerce Center. On January 6, 2015, the Company acquired one industrial building totaling approximately 157,000 square feet. This building is located in the New Jersey market and is 43% leased to one customer with a remaining lease term of 3.6 years. The total purchase price was $20.0 million, exclusive of transfer taxes, due diligence expenses and other closing costs. The Company funded this acquisition with proceeds from the Offering and borrowings under the Company’s corporate line of credit. Pursuant to the terms of the Advisory Agreement, the Company paid an acquisition fee of $0.4 million to the Advisor in connection with this acquisition.
	Totowa Commerce Center On January 23, 2015 the Company acquired one industrial building totaling approximately 206,000 square feet. This building is located in the New Jersey market and is 100% leased to two customers with a weighted-average remaining lease term (based on square feet) of 8.2 years. The total purchase price was $26.3 million, exclusive of transfer taxes, due diligence expenses and other closing costs. The Company funded this acquisition with proceeds from the Offering and borrowings under the Company’s corporate line of credit. Pursuant to the terms of the Advisory Agreement, the Company paid an acquisition fee of $0.5 million to the Advisor in connection with this acquisition.
	8A Distribution Center. On February 2, 2015, the Company acquired one industrial building totaling approximately 293,000 square feet. This building is located in the New Jersey market and is 100% leased to two customers with a weighted-average remaining lease term (based on square feet) of 4.2 years. The total purchase price was $23.5 million, exclusive of transfer taxes, due diligence expenses and other closing costs. The Company funded this acquisition with proceeds from the Offering and borrowings under the Company’s corporate line of credit. Pursuant to the terms of the Advisory Agreement, the Company paid an acquisition fee of $0.5 million to the Advisor in connection with this acquisition.
	Bayport Distribution Center. On February 17, 2015, the Company acquired two industrial buildings totaling approximately 564,000 square feet. These buildings are located in the Houston market and are 76% leased to two customers with a weighted-average remaining lease term (based on square feet) of 6.3 years. The total purchase price was $39.2 million, exclusive of transfer taxes, due diligence expenses and other closing costs. The Company funded this acquisition with proceeds from the Offering and borrowings under the Company’s corporate line of credit. Pursuant to the terms of the Advisory Agreement, the Company paid an acquisition fee of $0.6 million to the Advisor in connection with this acquisition.
	The purchase price allocations for these acquisitions have not been completed as of the date of this report and will be based on the Company’s estimate of the fair value determined from all available information. The purchase price allocations will be finalized within the measurement period, which will not exceed 12 months from the acquisition dates.
	Joint Venture
	On February 12, 2015, the Company, through two of its wholly-owned subsidiaries, admitted each of bcIMC International Real Estate (2004) Investment Corporation (the “BCIMC Pension Partner”) and bcIMC (WCBAF) Realpool Global Investment Corporation (the “BCIMC Accident Fund Partner” and, together with the BCIMC Pension Partner, the “BCIMC Limited Partner”) as limited partners in Build-To-Core Industrial Partnership I LP (the “BTC Partnership”) and entered into that certain Amended and Restated Agreement of Limited Partnership of the BTC Partnership (the “BTC Partnership Agreement”), setting forth the terms pursuant to which the Company and the BCIMC Limited Partner intend to jointly invest in a portfolio of industrial properties located in certain major United States distribution markets, and to be comprised of approximately (i) 80% development investments and (ii) 20% core investments and value-add investments. Two of the Company’s wholly-owned subsidiaries are the general partner and a limited partner in the BTC Partnership (the “IPT Partners”) and the BCIMC Limited Partner is not affiliated with the Company. As of the February 12, 2015, the IPT Partners own a 51% interest in the BTC Partnership and the BCIMC Limited Partner owns the remaining 49% interest. Additional details concerning material terms of the BTC Partnership Agreement are set forth in the Company’s Current Report on Form 8-K filed with the SEC on February 19, 2015.
	The Company, through its indirect ownership of a 100% interest in the BTC Partnership, acquired a 100% fee interest in the Dallas Distribution Portfolio and the Peachtree Industrial Center in November 2014 and December 2014, respectively. Following the admission of the BCIMC Limited Partner to the BTC Partnership, the Company’s indirect interest in the Dallas Distribution Portfolio and the Peachtree Industrial Center is 51%. The BCIMC Limited Partner contributed approximately $61.2 million as a result of its acquisition of a 49% interest in the BTC Partnership.
	Pursuant to the BTC Partnership Agreement, the general partner will provide, directly or indirectly by appointing an affiliate or a third party, acquisition and asset management services and, to the extent applicable, development management and development oversight services (the “BTC Advisory Services”). As compensation for providing the BTC Advisory Services, the BTC Partnership will pay the general partner, or its designee, certain fees in accordance with the terms of the BTC Partnership Agreement. On February 12, 2015, the general partner and the Advisor, entered an agreement (the “Services Agreement”), pursuant to which the general partner appointed the Advisor to provide the BTC Advisory Services and has assigned to the Advisor the fees payable pursuant to the BTC Partnership Agreement for providing the BTC Advisory Services. As a result of the payment of the fees pursuant to the Services Agreement, the fees payable to the Advisor pursuant to the Advisory Agreement will be reduced by the product of (i) the fees actually paid to the Advisor pursuant to the Services Agreement, and (ii) the percentage interest of the BTC Partnership owned by the IPT Partners. Accordingly, the aggregate of all fees paid to the Advisor for providing BTC Advisory Services to the BTC Partnership will not exceed the aggregate amounts otherwise payable to the Advisor pursuant to the Advisory Agreement.
	In addition, the BTC Partnership Agreement contains procedures for making distributions to the parties, including incentive distributions to the general partner, which are subject to certain return thresholds being achieved. The general partner has agreed to share with the Advisor a portion of any incentive distributions paid to the general partner by the BTC Partnership in an amount equal to 40% of the percentage interest of the BTC Partnership held by partners other than the IPT Partners.

SCHEDULE_IIIREAL_ESTATE_AND_AC

SCHEDULE III-REAL ESTATE AND ACCUMULATED DEPRECIATION	12 Months Ended
	Dec. 31, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
SCHEDULE III-REAL ESTATE AND ACCUMULATED DEPRECIATION	INDUSTRIAL PROPERTY TRUST INC.
	SCHEDULE III—REAL ESTATE AND ACCUMULATED DEPRECIATION
								Initial Cost to Company						Costs			Gross Amount Carried as of						Accumulated
														Capitalized or			December 31, 2014 (1)						Depreciation
														Adjustments									and
														Subsequent									Amortization
	($ in thousands)		# of			Debt		Land		Buildings and		Total Costs		to Acquisition			Land		Buildings and		Total Costs		-3			Acquisition		Depreciable
			Buildings							Improvements									Improvements		-3					Date		Life
										-2									-2									(Years)
	Consolidated Industrial Properties:
	West Valley Distribution Center in Kent, WA			1		$	-	$	3,051	$	4,801	$	7,852	$	109		$	3,051	$	4,910	$	7,961	$	(438	)		1/15/14		20-Jan
	Century Distribution Center in Houston, TX			1			-		2,854		8,658		11,512		-			2,854		8,658		11,512		(225	)		3/17/14		Jan-40
	Oakesdale Commerce Center in Renton, WA			1			-		1,483		2,518		4,001		259			1,483		2,777		4,260		(179	)		3/28/14		Jan-40
	Medley Distribution Center in Medley, FL			1			-		1,090		2,970		4,060		-			1,090		2,970		4,060		(129	)		5/9/14		Jan-40
	Rialto Distribution Center in Rialto, CA			1			-		6,575		13,375		19,950		-			6,575		13,375		19,950		(272	)		6/6/14		Jan-40
	Palm Beach Commerce Center in Boca Raton, FL			1			-		1,425		5,775		7,200		7			1,425		5,782		7,207		(183	)		6/20/14		20-Jan
	Windham Industrial Center in Romeoville, IL			1			-		2,808		8,092		10,900		451			2,808		8,543		11,351		(317	)		6/30/14		30-Jan
	Meadows Distribution Center in Alpharetta, GA			1			-		1,686		6,285		7,971		593			1,686		6,878		8,564		(8	)		9/4/14		30-Jan
	Corridor Industrial Center in Savage, MD			1			-		4,247		5,634		9,881		76			4,247		5,710		9,957		(107	)		9/16/14		20-Jan
	O’Hare Distribution Center in Elmhurst, IL			1			-		11,140		15,810		26,950		-			11,140		15,810		26,950		(266	)		9/17/14		Jan-40
	Lehigh Valley Commerce Center in Kutztown, PA			1			-		1,545		4,456		6,001		-			1,545		4,456		6,001		(68	)		9/25/14		30-Jan
	Corridor Industrial Center II in Savage, MD			3			-		11,500		15,297		26,797		81			11,500		15,378		26,878		(555	)		9/29/14		20-Jan
	Bolingbrook Industrial Center in Bolingbrook, IL			1			-		1,124		2,963		4,087		(1	)		1,124		2,962		4,086		(83	)		9/30/14		20-Jan
	Normal Junction Commerce Center in Tempe, AZ			2			-		2,780		9,673		12,453		-			2,780		9,673		12,453		(149	)		10/21/14		20-Jan
	Mechanicsburg Distribution Center in Mechanicsburg, PA			1			-		1,931		6,444		8,375		-			1,931		6,444		8,375		(94	)		10/23/14		20-Jan
	West Valley Distribution Center II in Kent, WA			2			-		1,885		4,002		5,887		4			1,885		4,006		5,891		(95	)		10/24/14		20-Jan
	CentrePort Distribution Center in Fort Worth, TX			1			-		2,795		13,898		16,693		-			2,795		13,898		16,693		(242	)		10/31/14		20-Jan
	Tacoma Commerce Center in Tacoma, WA			1			-		1,808		1,542		3,350		-			1,808		1,542		3,350		(34	)		10/31/14		20-Jan
	Richmond Distribution Center in Richmond, CA			1			-		8,185		10,165		18,350		192			8,185		10,357		18,542		(280	)		10/31/14		20-Jan
	Auburn Industrial Center in Auburn, WA			1			-		2,576		5,274		7,850		-			2,576		5,274		7,850		(73	)		11/12/14		30-Jan
	Dallas Distribution Portfolio in Dallas, TX			3			-		12,987		61,610		74,597		317			12,987		61,927		74,914		(20	)		11/26/14		Jan-40
	Dorsey Run Distribution Center in Elkridge, MD			1			-		3,123		3,962		7,085		-			3,123		3,962		7,085		(11	)		12/9/14		30-Jan
	Portland Industrial Center in Portland, OR			9			-		18,422		38,814		57,236		29			18,422		38,843		57,265		(138	)		12/18/14		20-Jan
	Peachtree Industrial Center in Atlanta, GA			4			-		6,461		43,625		50,086		1			6,461		43,626		50,087		(135	)		12/24/14		30-Jan
	Total			41		$	-	$	113,481	$	295,643	$	409,124	$	2,118		$	113,481	$	297,761	$	411,242	$	(4,101	)
	-1	As of December 31, 2014, the aggregate cost for federal income tax purposes of investments in property was $409.9 million (unaudited).
	-2	Includes gross intangible lease assets of $30.3 million and gross intangible lease liabilities of $5.6 million.
	-3	A summary of activity for investment in real estate properties is as follows:
	(in thousands)		2014			2013
	Investment in real estate properties:
	Balance at beginning of period		$	-		$	-
	Acquisition of properties			409,124			-
	Improvements			2,118			-
	Balance at end of period		$	411,242		$	-
	Accumulated depreciation:
	Balance at beginning of period		$	-		$	-
	Additions charged to costs and expenses			(4,101	)		-
	Balance at end of period		$	(4,101	)	$	-

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation
	The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). In the opinion of management, the accompanying consolidated financial statements contain all adjustments and eliminations, consisting only of normal recurring adjustments necessary for a fair presentation in conformity with GAAP.
Basis of Consolidation	Basis of Consolidation
	The consolidated financial statements include the accounts of Industrial Property Trust Inc., the Operating Partnership, and its wholly-owned subsidiaries, as well as amounts related to noncontrolling interests. See “Noncontrolling Interests” below for further detail concerning the accounting policies regarding noncontrolling interests. All material intercompany accounts and transactions have been eliminated.
Use of Estimates	Use of Estimates
	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 consolidated financial statements. Actual results could differ from these estimates. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the period they are determined to be necessary.
Reclassifications	Reclassifications
	Certain items in the Company’s consolidated statements of cash flows for 2012 and 2013 have been reclassified to conform to the 2014 presentation. These reclassifications did not impact net cash used in operating activities, net cash used in investing activities or net cash provided by financing activities.
Investment in Real Estate Properties	Investment in Real Estate Properties
	Upon acquisition, the purchase price of a property is allocated to land, building, building and land improvements, and intangible lease assets and liabilities. The purchase price allocation is based on management’s estimate of the property’s “as-if” vacant fair value. The “as-if” vacant fair value is calculated by using all available information such as the replacement cost of such asset, appraisals, property condition reports, market data and other related information.
	The allocation of the purchase price to intangible lease assets represents the value associated with the in-place leases, which may include lost rent, leasing commissions, tenant improvements, legal and other related costs. The allocation of the purchase price to above-market lease assets and below-market lease liabilities results from in-place leases being above or below management’s estimate of fair market rental rates at the acquisition date and are measured over a period equal to the remaining term of the lease for above-market leases and the remaining term of the lease, plus the term of any below-market fixed-rate renewal option periods, if applicable, for below-market leases. Intangible lease assets, above-market lease assets, and below-market lease liabilities are collectively referred to as “intangible lease assets and liabilities.”
	If any debt is assumed in an acquisition, the difference between the fair value and the face value of debt is recorded as a premium or discount and amortized to interest expense over the life of the debt assumed. No debt was assumed in connection with the 2014 acquisitions. Costs associated with the acquisition of a property, including acquisition fees paid to Industrial Property Advisors LLC (the “Advisor”) are expensed as incurred.
	The results of operations for acquired properties are included in the consolidated statements of operations from their respective acquisition dates. Intangible lease assets are amortized to real-estate related depreciation and amortization over the remaining lease term. Above-market lease assets are amortized as a reduction in rental revenue over the remaining lease term and below-market lease liabilities are amortized as an increase in rental revenue over the remaining lease term, plus any applicable fixed-rate renewal option periods. The Company expenses any unamortized intangible lease asset or records an adjustment to rental revenue for any unamortized above-market lease asset or below-market lease liability when a customer terminates a lease before the stated lease expiration date.
	Real estate assets, including land, building, building and land improvements, tenant improvements, lease commissions, and intangible lease assets and liabilities are stated at historical cost less accumulated depreciation and amortization. Costs associated with the development and improvement of the Company’s real estate assets are capitalized as incurred. Costs incurred in making repairs and maintaining real estate assets are expensed as incurred. Real estate-related depreciation and amortization are computed on a straight-line basis over the estimated useful lives as described in the following table:
	Land		Not depreciated
	Building		20 to 40 years
	Building and land improvements		5 to 20 years
	Tenant improvements		Lesser of useful life or lease term
	Lease commissions		Over lease term
	Intangible lease assets		Over lease term
	Above-market lease assets		Over lease term
	Below-market lease liabilities		Over lease term, including below-market fixed-rate renewal options
	Real estate assets that are determined to be held and used will be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable, and the Company will evaluate the recoverability of such real estate assets based on estimated future cash flows and the estimated liquidation value of such real estate assets, and provide for impairment if such undiscounted cash flows are insufficient to recover the carrying amount of the real estate asset. If impaired, the real estate asset will be written down to its estimated fair value. For the year ended December 31, 2014, the Company did not record any impairment charges related to real estate assets. The Company had no real estate assets as of December 31, 2013.
Cash and Cash Equivalents	Cash and Cash Equivalents
	Cash and cash equivalents consist of cash on hand and highly liquid investments with original maturities at the acquisition date of three months or less.
Deferred Financing Costs	Deferred Financing Costs
	Deferred financing costs include fees and costs incurred to obtain long-term financing. These fees and costs are amortized to interest expense over the terms of the related loans. Unamortized deferred financing costs are written off if debt is retired before its maturity date. Accumulated amortization of deferred financing costs was approximately $0.3 million as of December 31, 2014. There was no accumulated amortization of deferred financing costs as of December 31, 2013. The Company’s interest expense for the year ended December 31, 2014 included $0.3 million of amortization of financing costs. There was no amortization of financing costs for any period prior to 2014 as the Company had no outstanding debt prior to 2014.
Straight-line Rent and Tenant Receivables	Straight-line Rent and Tenant Receivables
	Straight-line rent and tenant receivables include all straight-line rent and accounts receivable, net of allowances. The Company maintains an allowance for estimated losses that may result from the inability of certain of its customers to make required payments. If a customer fails to make contractual payments beyond any allowance, the Company may recognize additional bad debt expense in future periods equal to the net outstanding balances. As of December 31, 2014 and 2013, there was no allowance for doubtful accounts.
Noncontrolling Interests	Noncontrolling Interests
	Due to the Company’s control of the Operating Partnership through its sole general partner interest and its limited partner interest, the Company consolidates the Operating Partnership. The limited partner interests not owned by the Company are presented as noncontrolling interests in the consolidated financial statements. The noncontrolling interests are reported on the consolidated balance sheets within permanent equity, separate from stockholders’ equity. As the limited partner interests do not participate in the profits and losses of the Operating Partnership, there is no net income or loss attributable to the noncontrolling interests on the consolidated statements of operations.
Revenue Recognition	Revenue Recognition
	The Company records rental revenue on a straight-line basis over the full lease term. Certain properties have leases that offer the tenant a period of time where no rent is due or where rent payments change during the term of the lease. Accordingly, the Company records receivables from tenants for rent that the Company expects to collect over the remaining lease term rather than currently, which are recorded as a straight-line rent receivable. When the Company acquires a property, the term of existing leases is considered to commence as of the acquisition date for purposes of this calculation.
	Tenant reimbursement revenue includes payments and amounts due from tenants pursuant to their leases for real estate taxes, insurance and other recoverable property operating expenses and is recognized as rental revenue in the period the applicable expenses are incurred. For the year ended December 31, 2014, tenant reimbursement revenue recognized in rental revenues was approximately $1.4 million. There was no tenant reimbursement revenue for the year ended December 31, 2013 nor for the period from inception (August 28, 2012) to December 31, 2012.
	In connection with property acquisitions, the Company may acquire leases with rental rates above or below estimated market rental rates. Above-market lease assets are amortized as a reduction to rental revenue over the remaining lease term, and below-market lease liabilities are amortized as an increase to rental revenue over the remaining lease term, plus any applicable fixed-rate renewal option periods.
	The Company expenses any unamortized intangible lease asset or records an adjustment to rental revenue for any unamortized above-market lease asset or below-market lease liability by reassessing the estimated remaining useful life of such intangible lease asset or liability when it becomes probable a customer will terminate a lease before the stated lease expiration date.
Share-Based Compensation	Share-Based Compensation
	The Company accounts for share-based compensation related to restricted stock issued to certain eligible individuals using a fair value based methodology, which is based upon the stock price on the vesting date and requires the amount of related expense to be adjusted to the fair value of the award at the end of each reporting period until the awards have fully vested. Share-based compensation expense for restricted stock is amortized using a graded vesting attribution method and is recognized in general and administrative expenses in the Company’s consolidated statements of operations.
Organization and Offering Expenses	Organization and Offering Expenses
	Organization and offering expenses are accrued by the Company only to the extent that the Company is successful in raising gross offering proceeds. If the Company is not successful in raising additional equity proceeds, no additional amounts will be payable by the Company to the Advisor for reimbursement of cumulative organization and offering expenses. Organization costs are expensed in the period they become reimbursable and offering expenses associated with the Company’s public offerings are recorded as a reduction of gross offering proceeds in additional paid-in capital. See “Note 10” for additional information regarding when organization and offering expenses become reimbursable.
Income Taxes	Income Taxes
	The Company elected under the Internal Revenue Code of 1986, as amended, to be taxed as a REIT beginning with the tax year ended December 31, 2013. As a REIT, the Company generally is not subject to federal income taxes on net income it distributes to its stockholders. The Company intends to make timely distributions sufficient to satisfy the annual distribution requirements. If the Company fails to qualify as a REIT in any taxable year, the Company will be subject to federal income tax on its taxable income at regular corporate tax rates. Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain state and local taxes on its income and property and federal income and excise taxes on its undistributed income.
Net Loss Per Common Share	Net Loss Per Common Share
	The Company computes net loss per common share by dividing net loss by the weighted-average number of common shares outstanding during the period. There were no dilutive shares for the years ended December 31, 2014 and 2013 and for the period from inception (August 28, 2012) to December 31, 2012.
Recent Accounting Standards	Recent Accounting Standards
	In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity” (“ASU 2014-08”), which changes the criteria pursuant to which a disposal will qualify as a discontinued operation and requires new disclosure of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. Under the revised standard, the definition of discontinued operations has been changed so that only disposals of components that represent strategic shifts qualify for discontinued operations reporting. As permitted, the Company adopted ASU 2014-08 early, and it became effective for the Company for the quarter ended March 31, 2014. The adoption of this standard did not have an impact on the Company’s overall results of operations, financial position or liquidity.
	In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”), which provides guidance for revenue recognition and supersedes the revenue recognition requirements in Topic 605, “Revenue Recognition.” The standard is based on the principle 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. ASU 2014-09 also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. The new guidance specifically excludes revenue derived from lease contracts from its scope. The standard will be effective for the Company in the first quarter of fiscal year 2017. Early adoption is not permitted. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements.
	In February 2015, the FASB issued ASU No. 2015-02, “Amendments to the Consolidation Analysis” (“ASU 2015-02”), which improves targeted areas of the consolidation guidance and reduces the number of consolidation models. The amendments in the ASU are effective for annual and interim periods in fiscal years beginning after December 15, 2015, with early adoption permitted. The Company is currently evaluating the effect this guidance will have on its consolidated financial statements.
Fair Value	Fair value measurements are determined based on the assumptions that market participants would use in pricing the asset or liability. Fair value measurements are categorized into one of three levels of the fair value hierarchy based on the lowest level of significant input used. 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’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. Considerable judgment and a high degree of subjectivity are involved in developing these estimates. These estimates may differ from the actual amounts that the Company could realize upon settlement.
	The fair value hierarchy is as follows:
	Level 1—Quoted (unadjusted) prices in active markets for identical assets or liabilities.
	Level 2—Other observable inputs, either directly or indirectly, other than quoted prices included in Level 1, including:
		•		Quoted prices for similar assets/liabilities in active markets;
		•		Quoted prices for identical or similar assets/liabilities in non-active markets (e.g., few transactions, limited information, non-current prices, high variability over time);
		•		Inputs other than quoted prices that are observable for the asset/liability (e.g., interest rates, yield curves, volatilities, default rates); and
		•		Inputs that are derived principally from or corroborated by other observable market data.
	Level 3—Unobservable inputs that cannot be corroborated by observable market data.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Real Estate Asset, Useful Life	Real estate-related depreciation and amortization are computed on a straight-line basis over the estimated useful lives as described in the following table:
	Land	Not depreciated
	Building	20 to 40 years
	Building and land improvements	5 to 20 years
	Tenant improvements	Lesser of useful life or lease term
	Lease commissions	Over lease term
	Intangible lease assets	Over lease term
	Above-market lease assets	Over lease term
	Below-market lease liabilities	Over lease term, including below-market fixed-rate renewal options

ACQUISITIONS_Tables

ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2014
Business Combinations [Abstract]
Summary of Business Acquisitions	The Company acquired 100% of the following properties during the year ended December 31, 2014:
													Intangibles
	($ in thousands)		2014		Number				Land		Building		Intangible		Above-		Below-			Total
			Acquisition		of								Lease		Market		Market			Purchase
			Date		Buildings								Assets		Lease		Lease			Price (1)
															Assets		Liabilities
	West Valley Distribution Center		15-Jan			1			$	3,051	$	4,241	$	657	$	85	$	(182	)	$	7,852
	Century Distribution Center		17-Mar			1				2,854		8,102		824		-		(268	)		11,512
	Oakesdale Commerce Center		28-Mar			1				1,483		2,214		304		-		-			4,001
	Medley Distribution Center		9-May			1				1,090		2,601		423		-		(54	)		4,060
	Rialto Distribution Center		6-Jun			1				6,575		12,965		1,363		-		(953	)		19,950
	Palm Beach Commerce Center		20-Jun			1				1,425		4,955		820		-		-			7,200
	Windham Industrial Center		30-Jun			1				2,808		7,493		696		-		(97	)		10,900
	Meadows Distribution Center		4-Sep			1				1,686		6,043		242		-		-			7,971
	Corridor Industrial Center		16-Sep			1				4,247		4,795		868		15		(44	)		9,881
	O’Hare Distribution Center		17-Sep			1				11,140		13,347		2,048		415		-			26,950
	Lehigh Valley Commerce Center		25-Sep			1				1,545		3,940		516		-		-			6,001
	Corridor Industrial Center II		29-Sep			3				11,500		13,135		2,180		41		(59	)		26,797
	Bolingbrook Industrial Center		30-Sep			1				1,124		2,136		510		317		-			4,087
	Normal Junction Commerce Center		21-Oct			2				2,780		8,540		1,289		-		(156	)		12,453
	Mechanicsburg Distribution Center		23-Oct			1				1,931		5,548		896		-		-			8,375
	West Valley Distribution Center II		24-Oct			2				1,885		3,631		491		-		(120	)		5,887
	CentrePort Distribution Center		31-Oct			1				2,795		12,738		1,394		-		(234	)		16,693
	Tacoma Commerce Center		31-Oct			1				1,808		1,317		280		-		(55	)		3,350
	Richmond Distribution Center		31-Oct			1				8,185		9,847		818		-		(500	)		18,350
	Auburn Industrial Center		12-Nov			1				2,576		4,549		683		42		-			7,850
	Dallas Distribution Portfolio		26-Nov			3				12,987		60,924		723		-		(37	)		74,597
	Dorsey Run Distribution Center		9-Dec			1				3,123		3,124		713		176		(51	)		7,085
	Portland Industrial Center		18-Dec			9				18,422		36,797		4,684		11		(2,678	)		57,236
	Peachtree Industrial Center		24-Dec			4				6,461		38,593		5,026		146		(140	)		50,086
	Total acquisitions					41			$	113,481	$	271,575	$	28,448	$	1,248	$	(5,628	)	$	409,124
	-1	Total purchase price exclusive of transfer taxes, due diligence expenses, and other closing costs equals consideration paid. The purchase price allocations are preliminary based on the Company’s estimate of the fair value determined from all available information at the time of acquisition and, therefore, are subject to change upon the completion of the Company’s analysis of appraisals, evaluation of the credit quality of customers, and working capital adjustments within the measurement period, which will not exceed 12 months from the acquisition date. The Company does not expect future revisions, if any, to have a significant impact on its financial position or results of operations.
Weighted Average Amortized Period for Intangible Asset and Liability Acquired	The weighted-average amortization periods for the intangible assets and liabilities acquired in connection with these acquisitions, as of the date of acquisition, were as follows:
	Property		Amortization
			Period
			(years)
	West Valley Distribution Center			3.8
	Century Distribution Center			10
	Oakesdale Commerce Center			3
	Medley Distribution Center			3
	Rialto Distribution Center			7.7
	Palm Beach Commerce Center			9.1
	Windham Industrial Center			2.2
	Meadows Distribution Center			10.8
	Corridor Industrial Center			7.2
	O’Hare Distribution Center			4.3
	Lehigh Valley Commerce Center			5
	Corridor Industrial Center II			2.7
	Bolingbrook Industrial Center			4.6
	Normal Junction Commerce Center			5.5
	Mechanicsburg Distribution Center			5.2
	West Valley Distribution Center II			2
	CentrePort Distribution Center			2.7
	Tacoma Commerce Center			3.5
	Richmond Distribution Center			2.1
	Auburn Industrial Center			1.6
	Dallas Distribution Portfolio			4.8
	Dorsey Run Distribution Center			7
	Portland Industrial Center			6.2
	Peachtree Industrial Center			3.7
Pro Forma Financial Information	The pro forma financial information is not intended to represent or be indicative of the Company’s consolidated financial results that would have been reported had the acquisitions been completed at the beginning of the comparable prior period presented and should not be taken as indicative of its future consolidated financial results.
			For the Year Ended
			December 31,
	(in thousands)		2014				2013
	Actual:
	Total revenues		$	6,645			$	-
	Net loss		$	(11,698	)		$	(227	)
	Pro forma:
	Total revenues (1)		$	25,676			$	25,676
	Net loss (2)		$	(1,942	)		$	(14,496	)
	-1	The pro forma total revenues were adjusted to include incremental revenue of $19.0 million and $25.7 million for the years ended December 31, 2014 and 2013, respectively. The incremental rental revenue was determined based on each acquired property’s historical rental revenue and the purchase accounting entries and includes: (i) the incremental base rent adjustments calculated based on the terms of the acquired leases and presented on a straight-line basis; and (ii) the incremental reimbursement and other revenue adjustments, which consist primarily of rental expense recoveries, and are determined based on the acquired customer’s historical reimbursement and other revenue with respect to the acquired properties.
	-2	The pro forma net income was adjusted to exclude acquisition-related expenses of $12.1 million for the year ended December 31, 2014. For the year ended December 31, 2013, the pro forma net loss was adjusted to include acquisition-related expenses of $12.1 million relating to the 2014 acquisitions, as if these expenses had been incurred as of January 1, 2013.

INVESTMENT_IN_REAL_ESTATE_PROP1

INVESTMENT IN REAL ESTATE PROPERTIES (Tables)	12 Months Ended
	Dec. 31, 2014
Real Estate [Abstract]
Investment in Properties	As of December 31, 2014, the Company’s portfolio consisted of 41 industrial buildings totaling approximately 5.8 million square feet. As of December 31, 2013, the Company did not own any properties.
	(in thousands)	December 31,			December 31,
		2014			2013
	Land	$	113,481		$	-
	Building and improvements		273,070			-
	Intangible lease assets		30,319			-
	Investment in real estate properties		416,870			-
	Less accumulated depreciation and amortization		(4,101	)		-
	Net investment in real estate properties	$	412,769		$	-
Summary of Intangible Lease Assets and Liabilities	Intangible lease assets and liabilities included the following:
		December 31, 2014									December 31, 2013
	(in thousands)	Gross			Accumulated			Net			Gross		Accumulated		Net
					Amortization								Amortization
	Intangible lease assets	$	29,071		$	(2,073	)	$	26,998		$	-	$	-	$	-
	Above-market lease assets		1,248			(81	)		1,167			-		-		-
	Below-market lease liabilities		(5,628	)		369			(5,259	)		-		-		-
Estimated Net Amortization of Intangible Lease Assets and Liabilities	The following table details the estimated net amortization of such intangible lease assets and liabilities, as of December 31, 2014, for the next five years and thereafter:
		Estimated Net Amortization
	(in thousands)	Intangible			Above-Market			Below-Market
		Lease Assets			Lease Assets			Lease Liabilities
	2015	$	8,369		$	321		$	(1,369	)
	2016		5,808			273			(844	)
	2017		4,465			234			(716	)
	2018		3,101			209			(556	)
	2019		1,789			50			(440	)
	Thereafter		3,466			80			(1,334	)
	Total	$	26,998		$	1,167		$	(5,259	)
Future Minimum Base Rental Payments	Future minimum base rental payments, which equal the cash basis of monthly contractual rent, owed to the Company from its customers under the terms of non-cancelable operating leases in effect as of December 31, 2014, excluding rental revenues from the potential renewal or replacement of existing future leases and from tenant reimbursement revenue, were as follows for the next five years and thereafter:
	(in thousands)	Future Minimum Base
		Rental Payments
	2015	$	19,567
	2016		19,318
	2017		17,704
	2018		14,782
	2019		10,886
	Thereafter		28,785
	Total	$	111,042
Summary of Rental Revenue and Depreciation and Amortization Expense	The following table summarizes straight-line rent adjustments, amortization recognized as an increase (decrease) to rental revenues from above-and below-market lease assets and liabilities, and real-estate related depreciation and amortization expense:
		For the Year Ended						For the Period
		December 31,						from Inception
								(August 28, 2012) to
	(in thousands)	2014			2013			December 31, 2012
	Increase (Decrease) to Rental Revenue:
	Straight-line rent adjustments	$	431		$	-		$	-
	Above-market lease amortization		(81	)		-			-
	Below-market lease amortization		369			-			-
	Real Estate-Related Depreciation and Amortization:
	Depreciation expense	$	1,947		$	-		$	-
	Intangible lease asset amortization		2,073			-			-

FAIR_VALUE_Tables

FAIR VALUE (Tables)	12 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Carrying Value and Fair Value of Line of Credit	The table below includes the fair value for the Company’s financial instrument for which it is practicable to estimate fair value. The carrying value and fair value of the line of credit was as follows:
		December 31, 2014				December 31, 2013
	(in thousands)	Carrying		Fair		Carrying		Fair
		Value		Value		Value		Value
	Line of credit	$	235,000	$	235,000	$	-	$	-

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Preliminary Taxability of Distributions on Common Shares	The unaudited preliminary taxability of the Company’s 2014 and 2013 distributions was:
		For the Year Ended
		December 31,
		2014		2013
	Per common share:
	Ordinary income	$	0.469	$	-
	Non-taxable return of capital		-		0.225
	Long-term capital gain		-		-
	Total distribution	$	0.469	$	0.225

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS' EQUITY (Tables)	12 Months Ended
	Dec. 31, 2014
Redemption Discount Table	The discount from the purchase price paid for the redeemed shares will vary based upon the length of time that the shares of common stock have been held, as follows:
	Share Purchase Anniversary		Redemption Price as a
			Percentage of
			Purchase Price
	Less than one year			No redemption allowed
	One year			92.5%
	Two years			95.0%
	Three years			97.5%
	Four years and longer			100.00%
Redemption Table	The following table summarizes the Company’s redemption activity:
			For the Year Ended
			December 31,
	(in thousands, except per share data)		2014				2013				2012
	Number of eligible shares redeemed			12				-				-
	Aggregate amount of shares redeemed		$	122			$	-			$	-
	Average redemption price per share		$	10			$	-			$	-
Cash Distributions [Member]
Dividends Table	Cash Distributions. The following table summarizes the Company’s cash distribution activity (including cash distributions reinvested in shares of the Company’s common stock):
					Amount
	(in thousands, except per share data)		Payment Date		Declared per				Paid				Reinvested		Total
					Common Share				in Cash				in Shares		Distributions
	2014
	31-Dec		14-Jan-15		$	0.125			$	1,198			$	1,170	$	2,368
	30-Sep		15-Oct-14			0.11875				710				674		1,384
	30-Jun		15-Jul-14			0.1125				300				258		558
	31-Mar		15-Apr-14			0.1125				74				38		112
	Total								$	2,282			$	2,140	$	4,422
	2013
	31-Dec		15-Jan-14		$	0.1125			$	29			$	3	$	32
	September 30 (1)		December 20, 2013			0.1125				7				-		7
	Total								$	36			$	3	$	39
	-1	Cash distributions were authorized to all common stockholders of record as of the close of business on each day commencing on the date that the Company met the minimum offering requirements in connection with the Offering and ending on the last day of the quarter in which the minimum offering requirements were met (the “Initial Quarter”). Accordingly, the Initial Quarter commenced on September 6, 2013 and ended on September 30, 2013.
Stock Dividends [Member]
Dividends Table	Stock Dividends. The following table summarizes the Company’s stock dividend activity:
	(in thousands)		Issuance Date		Shares				Amount (1)
	30-Sep-14		1-Oct-14			51			$	515
	30-Jun-14		1-Jul-14			22				216
	31-Mar-14		1-Apr-14			4				41
	Total					77			$	772
	-1	Amount based on the $10.00 per share Offering price.

SHAREBASED_COMPENSATION_Tables

SHARE-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Restricted Stock Activity	A summary of the Company’s activity with respect to the issuance of restricted stock pursuant to its Equity Incentive Plan is as follows:
	(shares in thousands)		Shares			Weighted-Average
						Fair Value per Share (1)
	Nonvested shares at beginning of period			-		$	-
	Granted			26		$	10
	Vested			(15	)	$	10
	Forfeited			-		$	-
	Nonvested shares at end of period			11		$	10
	-1	Based on the Company’s primary Offering price of $10.00 per share on the grant date.
Components of Share-Based Compensation	The following table summarizes other share-based compensation data:
			For the Year Ended
			December 31,
	(in thousands, except per share data)		2014			2013
	Share-based compensation expense		$	202		$	-
	Total fair value of restricted stock vested		$	150		$	-
	Weighted-average grant date fair value of restricted stock granted, per share (1)		$	10		$	-
	-1	Based on the Company’s primary Offering price of $10.00 per share on the grant date.

RELATED_PARTY_TRANSACTIONS_Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Summary of Fees and Expenses Incurred by Company	The table below summarizes the fees and expenses incurred by the Company for services provided by the Advisor and the Dealer Manager related to the services described above, and any related amounts payable:
			Incurred
			For the Year Ended				For the Period		Payable as of
			December 31,				from Inception		December 31,
							(August 28, 2012) to
	(in thousands)		2014		2013		December 31,  2012		2014		2013
	Expensed:
	Organization costs (1)		$	17	$	76	$	-	$	-	$	9
	Acquisition fees			8,168		-		-		-		-
	Asset management fees			902		-		-		-		-
	Other expense reimbursements			200		42		-		20		42
	Total		$	9,287	$	118	$	-	$	20	$	51
	Additional Paid-In Capital:
	Sales commissions		$	15,490	$	124	$	-	$	115	$	32
	Dealer manager fees			5,601		44		-		97		11
	Offering costs (1)			4,482		-		-		78		-
	Total		$	25,573	$	168	$	-	$	290	$	43
	-1	As of December 31, 2014, the Advisor had incurred $9.8 million of offering costs and $93,000 of organization costs, all of which were paid directly by the Advisor on behalf of the Company. As of December 31, 2014, the Company had reimbursed the Advisor $4.5 million related to offering costs and $93,000 related to organization costs. The Company reimburses the Advisor or its affiliates for cumulative organization expenses and for cumulative expenses of its public offerings up to 2.0% of the aggregate gross offering proceeds from the sale of shares in its public offerings. The Advisor or an affiliate of the Advisor is responsible for the payment of the Company’s cumulative organization expenses and offering expenses to the extent that such cumulative expenses exceed 2.0% of the gross offering proceeds from the sale of shares in the Company’s public offerings, without recourse against or reimbursement by the Company.
Expense Support Payment Obligation Incurred by the Advisor	The table below provides information regarding expense support payment obligations incurred by the Advisor:
			For the Year Ended
			December 31,
	(in thousands)		2014		2013
	Asset management fees		$	902	$	-
	Other expense support			2,594		306
	Total expense support from the Advisor (1)		$	3,496	$	306
	-1	As of December 31, 2014, approximately $0.1 million was related to expense support to be reimbursed by the Advisor, and was recorded as due from affiliates on the consolidated balance sheets.

SELECTED_QUARTERLY_FINANCIAL_D1

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data	Selected quarterly financial data is as follows:
		For the Quarter Ended
	(in thousands, except per share data)	March 31			June 30			September 30			December 31
	2014
	Total revenues	$	185		$	690		$	1,503		$	4,267
	Total operating expenses	$	(1,250	)	$	(2,417	)	$	(4,645	)	$	(12,526	)
	Total other expenses	$	(137	)	$	(162	)	$	(158	)	$	(544	)
	Expense support from the Advisor	$	487		$	870		$	1,160		$	979
	Net loss	$	(715	)	$	(1,019	)	$	(2,140	)	$	(7,824	)
	Net loss attributable to common stockholders	$	(715	)	$	(1,019	)	$	(2,140	)	$	(7,824	)
	Net loss per common share—basic and diluted	$	(0.72	)	$	(0.21	)	$	(0.18	)	$	(0.41	)
	Weighted-average shares outstanding		991			4,946			11,645			18,939
	2013
	Total revenues	$	-		$	-		$	-		$	-
	Total operating expenses	$	-		$	-		$	(128	)	$	(402	)
	Total other expenses	$	-		$	-		$	(1	)	$	(2	)
	Expense support from the Advisor	$	-		$	-		$	-		$	306
	Net loss	$	-		$	-		$	(129	)	$	(98	)
	Net loss attributable to common stockholders	$	-		$	-		$	(129	)	$	(98	)
	Net loss per common share—basic and diluted	$	-		$	-		$	(1.61	)	$	(0.34	)
	Weighted-average shares outstanding		20			20			80			287

SCHEDULE_IIIREAL_ESTATE_AND_AC1

SCHEDULE III-REAL ESTATE AND ACCUMULATED DEPRECIATION (Tables)	12 Months Ended
	Dec. 31, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Summary of Activity for Investment in Real Estate Properties	-3	A summary of activity for investment in real estate properties is as follows:
	(in thousands)		2014			2013
	Investment in real estate properties:
	Balance at beginning of period		$	-		$	-
	Acquisition of properties			409,124			-
	Improvements			2,118			-
	Balance at end of period		$	411,242		$	-
	Accumulated depreciation:
	Balance at beginning of period		$	-		$	-
	Additions charged to costs and expenses			(4,101	)		-
	Balance at end of period		$	(4,101	)	$	-

Description_of_Business_Additi

Description of Business - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
	Segment	Building
	Market	sqft
Organization and Nature of Operations [Line Items]
Number of reportable segment	1
Number of markets	12
Consolidated Properties [Member]
Organization and Nature of Operations [Line Items]
Real estate properties owned, buildings	41	0
Square feet of industrial buildings	5,800,000	0

Recovered_Sheet1

Summary of Significant Accounting Policies - Additional Information (Detail) (USD $)	4 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2014	Dec. 31, 2013
Summary Of Significant Accounting Policies [Line Items]
Debt assumed in connection with acquisition		$0
Real estate assets		412,769,000	0
Amortization of financing costs	0	316,000	0
Accumulated amortization of deferred financing costs		300,000	0
Outstanding Debt		0
Allowance for doubtful accounts		0	0
Net income (loss) attributable to noncontrolling interests	0	0	0
Tenant reimbursements	0	1,400,000	0
Dilutive shares	0	0	0
Investment in Real Estate Properties [Member]
Summary Of Significant Accounting Policies [Line Items]
Impairment charges related to property assets		$0

Recovered_Sheet2

Summary of Significant Accounting Policies - Real Estate Asset, Useful Life (Detail)	12 Months Ended
	Dec. 31, 2014
Lease commissions [Member]
Real Estate Properties [Line Items]
Standard depreciable life	Over lease term
Intangible Lease Assets [Member]
Real Estate Properties [Line Items]
Standard depreciable life	Over lease term
Above-Market Lease Assets [Member]
Real Estate Properties [Line Items]
Standard depreciable life	Over lease term
Below-Market Lease Liabilities [Member]
Real Estate Properties [Line Items]
Standard depreciable life	Over lease term, including below-market fixed-rate renewal options
Land [Member]
Real Estate Properties [Line Items]
Standard depreciable life	Not depreciated
Building [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Standard depreciable life	20 years
Building [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Standard depreciable life	40 years
Building and land improvements [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Standard depreciable life	5 years
Building and land improvements [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Standard depreciable life	20 years
Tenant improvements [Member]
Real Estate Properties [Line Items]
Standard depreciable life	Lesser of useful life or lease term

Acquisitions_Additional_Inform

Acquisitions - Additional Information (Detail)	Dec. 31, 2014
Business Combinations [Abstract]
Ownership interest of acquired properties	100.00%

Acquisitions_Summary_of_Busine

Acquisitions - Summary of Business Acquisitions (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
	Building
Business Acquisition [Line Items]
Number of Buildings	41
Land	$113,481
Building	271,575
Intangible Lease Assets	28,448
Below Market Lease Liabilities	-5,628
Total Purchase Price	409,124
West Valley Distribution Center [Member]
Business Acquisition [Line Items]
Acquisition Date	15-Jan-14
Number of Buildings	1
Land	3,051
Building	4,241
Intangible Lease Assets	657
Below Market Lease Liabilities	-182
Total Purchase Price	7,852
Century Distribution Center [Member]
Business Acquisition [Line Items]
Acquisition Date	17-Mar-14
Number of Buildings	1
Land	2,854
Building	8,102
Intangible Lease Assets	824
Below Market Lease Liabilities	-268
Total Purchase Price	11,512
Oakesdale Commerce Center [Member]
Business Acquisition [Line Items]
Acquisition Date	28-Mar-14
Number of Buildings	1
Land	1,483
Building	2,214
Intangible Lease Assets	304
Below Market Lease Liabilities	0
Total Purchase Price	4,001
Medley Distribution Center [Member]
Business Acquisition [Line Items]
Acquisition Date	9-May-14
Number of Buildings	1
Land	1,090
Building	2,601
Intangible Lease Assets	423
Below Market Lease Liabilities	-54
Total Purchase Price	4,060
Rialto Distribution Center [Member]
Business Acquisition [Line Items]
Acquisition Date	6-Jun-14
Number of Buildings	1
Land	6,575
Building	12,965
Intangible Lease Assets	1,363
Below Market Lease Liabilities	-953
Total Purchase Price	19,950
Palm Beach Commerce Center [Member]
Business Acquisition [Line Items]
Acquisition Date	20-Jun-14
Number of Buildings	1
Land	1,425
Building	4,955
Intangible Lease Assets	820
Below Market Lease Liabilities	0
Total Purchase Price	7,200
Windham Industrial Center [Member]
Business Acquisition [Line Items]
Acquisition Date	30-Jun-14
Number of Buildings	1
Land	2,808
Building	7,493
Intangible Lease Assets	696
Below Market Lease Liabilities	-97
Total Purchase Price	10,900
Meadows Distribution Center [Member]
Business Acquisition [Line Items]
Acquisition Date	4-Sep-14
Number of Buildings	1
Land	1,686
Building	6,043
Intangible Lease Assets	242
Below Market Lease Liabilities	0
Total Purchase Price	7,971
Corridor Industrial Center [Member]
Business Acquisition [Line Items]
Acquisition Date	16-Sep-14
Number of Buildings	1
Land	4,247
Building	4,795
Intangible Lease Assets	868
Below Market Lease Liabilities	-44
Total Purchase Price	9,881
O'Hare Distribution Center [Member]
Business Acquisition [Line Items]
Acquisition Date	17-Sep-14
Number of Buildings	1
Land	11,140
Building	13,347
Intangible Lease Assets	2,048
Below Market Lease Liabilities	0
Total Purchase Price	26,950
Lehigh Valley Commerce Center [Member]
Business Acquisition [Line Items]
Acquisition Date	25-Sep-14
Number of Buildings	1
Land	1,545
Building	3,940
Intangible Lease Assets	516
Below Market Lease Liabilities	0
Total Purchase Price	6,001
Corridor Industrial Center II [Member]
Business Acquisition [Line Items]
Acquisition Date	29-Sep-14
Number of Buildings	3
Land	11,500
Building	13,135
Intangible Lease Assets	2,180
Below Market Lease Liabilities	-59
Total Purchase Price	26,797
Bolingbrook Industrial Center [Member]
Business Acquisition [Line Items]
Acquisition Date	30-Sep-14
Number of Buildings	1
Land	1,124
Building	2,136
Intangible Lease Assets	510
Below Market Lease Liabilities	0
Total Purchase Price	4,087
Normal Junction Commerce Center [Member]
Business Acquisition [Line Items]
Acquisition Date	21-Oct-14
Number of Buildings	2
Land	2,780
Building	8,540
Intangible Lease Assets	1,289
Below Market Lease Liabilities	-156
Total Purchase Price	12,453
Mechanicsburg Distribution Center [Member]
Business Acquisition [Line Items]
Acquisition Date	23-Oct-14
Number of Buildings	1
Land	1,931
Building	5,548
Intangible Lease Assets	896
Below Market Lease Liabilities	0
Total Purchase Price	8,375
West Valley Distribution Center II [Member]
Business Acquisition [Line Items]
Acquisition Date	24-Oct-14
Number of Buildings	2
Land	1,885
Building	3,631
Intangible Lease Assets	491
Below Market Lease Liabilities	-120
Total Purchase Price	5,887
CentrePort Distribution Center [Member]
Business Acquisition [Line Items]
Acquisition Date	31-Oct-14
Number of Buildings	1
Land	2,795
Building	12,738
Intangible Lease Assets	1,394
Below Market Lease Liabilities	-234
Total Purchase Price	16,693
Tacoma Commerce Center [Member]
Business Acquisition [Line Items]
Acquisition Date	31-Oct-14
Number of Buildings	1
Land	1,808
Building	1,317
Intangible Lease Assets	280
Below Market Lease Liabilities	-55
Total Purchase Price	3,350
Richmond Distribution Center [Member]
Business Acquisition [Line Items]
Acquisition Date	31-Oct-14
Number of Buildings	1
Land	8,185
Building	9,847
Intangible Lease Assets	818
Below Market Lease Liabilities	-500
Total Purchase Price	18,350
Auburn Industrial Center [Member]
Business Acquisition [Line Items]
Acquisition Date	12-Nov-14
Number of Buildings	1
Land	2,576
Building	4,549
Intangible Lease Assets	683
Below Market Lease Liabilities	0
Total Purchase Price	7,850
Dallas Distribution Portfolio [Member]
Business Acquisition [Line Items]
Acquisition Date	26-Nov-14
Number of Buildings	3
Land	12,987
Building	60,924
Intangible Lease Assets	723
Below Market Lease Liabilities	-37
Total Purchase Price	74,597
Dorsey Run Distribution Center [Member]
Business Acquisition [Line Items]
Acquisition Date	9-Dec-14
Number of Buildings	1
Land	3,123
Building	3,124
Intangible Lease Assets	713
Below Market Lease Liabilities	-51
Total Purchase Price	7,085
Portland Industrial Center [Member]
Business Acquisition [Line Items]
Acquisition Date	18-Dec-14
Number of Buildings	9
Land	18,422
Building	36,797
Intangible Lease Assets	4,684
Below Market Lease Liabilities	-2,678
Total Purchase Price	57,236
Peachtree Industrial Center [Member]
Business Acquisition [Line Items]
Acquisition Date	24-Dec-14
Number of Buildings	4
Land	6,461
Building	38,593
Intangible Lease Assets	5,026
Below Market Lease Liabilities	-140
Total Purchase Price	50,086
Above-Market Lease Assets [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	1,248
Above-Market Lease Assets [Member] | West Valley Distribution Center [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	85
Above-Market Lease Assets [Member] | Century Distribution Center [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	0
Above-Market Lease Assets [Member] | Oakesdale Commerce Center [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	0
Above-Market Lease Assets [Member] | Medley Distribution Center [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	0
Above-Market Lease Assets [Member] | Rialto Distribution Center [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	0
Above-Market Lease Assets [Member] | Palm Beach Commerce Center [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	0
Above-Market Lease Assets [Member] | Windham Industrial Center [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	0
Above-Market Lease Assets [Member] | Meadows Distribution Center [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	0
Above-Market Lease Assets [Member] | Corridor Industrial Center [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	15
Above-Market Lease Assets [Member] | O'Hare Distribution Center [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	415
Above-Market Lease Assets [Member] | Lehigh Valley Commerce Center [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	0
Above-Market Lease Assets [Member] | Corridor Industrial Center II [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	41
Above-Market Lease Assets [Member] | Bolingbrook Industrial Center [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	317
Above-Market Lease Assets [Member] | Normal Junction Commerce Center [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	0
Above-Market Lease Assets [Member] | Mechanicsburg Distribution Center [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	0
Above-Market Lease Assets [Member] | West Valley Distribution Center II [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	0
Above-Market Lease Assets [Member] | CentrePort Distribution Center [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	0
Above-Market Lease Assets [Member] | Tacoma Commerce Center [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	0
Above-Market Lease Assets [Member] | Richmond Distribution Center [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	0
Above-Market Lease Assets [Member] | Auburn Industrial Center [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	42
Above-Market Lease Assets [Member] | Dallas Distribution Portfolio [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	0
Above-Market Lease Assets [Member] | Dorsey Run Distribution Center [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	176
Above-Market Lease Assets [Member] | Portland Industrial Center [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	11
Above-Market Lease Assets [Member] | Peachtree Industrial Center [Member]
Business Acquisition [Line Items]
Intangible Lease Assets	$146

Acquisitions_Weighted_Average_

Acquisitions - Weighted Average Amortized Period for Intangible Asset and Liability Acquired (Detail)	12 Months Ended
	Dec. 31, 2014
West Valley Distribution Center [Member]
Business Acquisition [Line Items]
Amortization Period	3 years 9 months 18 days
Century Distribution Center [Member]
Business Acquisition [Line Items]
Amortization Period	10 years
Oakesdale Commerce Center [Member]
Business Acquisition [Line Items]
Amortization Period	3 years
Medley Distribution Center [Member]
Business Acquisition [Line Items]
Amortization Period	3 years
Rialto Distribution Center [Member]
Business Acquisition [Line Items]
Amortization Period	7 years 8 months 12 days
Palm Beach Commerce Center [Member]
Business Acquisition [Line Items]
Amortization Period	9 years 1 month 6 days
Windham Industrial Center [Member]
Business Acquisition [Line Items]
Amortization Period	2 years 2 months 12 days
Meadows Distribution Center [Member]
Business Acquisition [Line Items]
Amortization Period	10 years 9 months 18 days
Corridor Industrial Center [Member]
Business Acquisition [Line Items]
Amortization Period	7 years 2 months 12 days
O'Hare Distribution Center [Member]
Business Acquisition [Line Items]
Amortization Period	4 years 3 months 18 days
Lehigh Valley Commerce Center [Member]
Business Acquisition [Line Items]
Amortization Period	5 years
Corridor Industrial Center II [Member]
Business Acquisition [Line Items]
Amortization Period	2 years 8 months 12 days
Bolingbrook Industrial Center [Member]
Business Acquisition [Line Items]
Amortization Period	4 years 7 months 6 days
Normal Junction Commerce Center [Member]
Business Acquisition [Line Items]
Amortization Period	5 years 6 months
Mechanicsburg Distribution Center [Member]
Business Acquisition [Line Items]
Amortization Period	5 years 2 months 12 days
West Valley Distribution Center II [Member]
Business Acquisition [Line Items]
Amortization Period	2 years
CentrePort Distribution Center [Member]
Business Acquisition [Line Items]
Amortization Period	2 years 8 months 12 days
Tacoma Commerce Center [Member]
Business Acquisition [Line Items]
Amortization Period	3 years 6 months
Richmond Distribution Center [Member]
Business Acquisition [Line Items]
Amortization Period	2 years 1 month 6 days
Auburn Industrial Center [Member]
Business Acquisition [Line Items]
Amortization Period	1 year 7 months 6 days
Dallas Distribution Portfolio [Member]
Business Acquisition [Line Items]
Amortization Period	4 years 9 months 18 days
Dorsey Run Distribution Center [Member]
Business Acquisition [Line Items]
Amortization Period	7 years
Portland Industrial Center [Member]
Business Acquisition [Line Items]
Amortization Period	6 years 2 months 12 days
Peachtree Industrial Center [Member]
Business Acquisition [Line Items]
Amortization Period	3 years 8 months 12 days

Acquisitions_Pro_Forma_Financi

Acquisitions - Pro Forma Financial Information (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Actual:
Total revenues	$6,645	$0
Net loss	-11,698	-227
Pro forma:
Total revenues	25,676	25,676
Net loss	($1,942)	($14,496)

Acquisitions_Pro_Forma_Financi1

Acquisitions - Pro Forma Financial Information (Parenthetical) (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Business Combinations [Abstract]
Pro forma incremental revenue	$19	$25.70
Non-recurring adjustments excluded from pro formas, acquisition-related expenses	12.1
Non-recurring adjustments included from pro formas, acquisition-related expenses		$12.10

Recovered_Sheet3

Investment in Real Estate Properties - Additional Information (Detail) (Consolidated Properties [Member])	Dec. 31, 2014	Dec. 31, 2013
	sqft	Building
	Building	sqft
Consolidated Properties [Member]
Real Estate Properties [Line Items]
Real estate properties owned, buildings	41	0
Square feet of industrial buildings	5,800,000	0

Recovered_Sheet4

Investment in Real Estate Properties - Investment in Properties (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Schedule of Investments [Abstract]
Land	$113,481
Building and improvements	273,070
Intangible lease assets	30,319
Investment in real estate properties	416,870
Less accumulated depreciation and amortization	-4,101
Net investment in real estate properties	$412,769	$0

Investment_in_Real_Estate_Prop2

Investment in Real Estate Properties - Summary of Intangible Lease Assets and Liabilities (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Finite-Lived Intangible Assets And Liabilities [Line Items]
Gross	($5,600)
Net	-5,259	0
Intangible Lease Assets [Member]
Finite-Lived Intangible Assets And Liabilities [Line Items]
Gross	29,071	0
Accumulated Amortization	-2,073	0
Net	26,998	0
Above-Market Lease Assets [Member]
Finite-Lived Intangible Assets And Liabilities [Line Items]
Gross	1,248	0
Accumulated Amortization	-81	0
Net	1,167	0
Below-Market Lease Liabilities [Member]
Finite-Lived Intangible Assets And Liabilities [Line Items]
Gross	-5,628	0
Accumulated Amortization	369	0
Net	($5,259)	$0

Investment_in_Real_Estate_Prop3

Investment in Real Estate Properties - Estimated Net Amortization of Intangible Lease Assets and Liabilities (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Finite Lived Intangible Assets And Liabilities Future Amortization Expense [Line Items]
Net	($5,259)	$0
Below-Market Lease Liabilities [Member]
Finite Lived Intangible Assets And Liabilities Future Amortization Expense [Line Items]
2015	-1,369
2016	-844
2017	-716
2018	-556
2019	-440
Thereafter	-1,334
Net	-5,259	0
Intangible Lease Assets [Member]
Finite Lived Intangible Assets And Liabilities Future Amortization Expense [Line Items]
2015	8,369
2016	5,808
2017	4,465
2018	3,101
2019	1,789
Thereafter	3,466
Net	26,998	0
Above-Market Lease Assets [Member]
Finite Lived Intangible Assets And Liabilities Future Amortization Expense [Line Items]
2015	321
2016	273
2017	234
2018	209
2019	50
Thereafter	80
Net	$1,167	$0

Investment_in_Real_Estate_Prop4

Investment in Real Estate Properties - Future Minimum Base Rental Payments (Detail) (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified
Operating Leases, Future Minimum Payments Receivable [Abstract]
2015	$19,567
2016	19,318
2017	17,704
2018	14,782
2019	10,886
Thereafter	28,785
Total	$111,042

Investment_in_Real_Estate_Prop5

Investment in Real Estate Properties - Summary of Rental Revenue and Depreciation and Amortization Expense (Detail) (USD $)	4 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2014	Dec. 31, 2013
Increase (Decrease) to Rental Revenue:
Straight-line rent adjustments	$0	$431	$0
Above-market lease amortization	0	-81	0
Below-market lease amortization	0	369	0
Real Estate-Related Depreciation and Amortization:
Depreciation expense	0	1,947	0
Intangible lease asset amortization	$0	$2,073	$0

Debt_Additional_Information_De

Debt - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Nov. 30, 2014	Jan. 31, 2014
Debt Instrument [Line Items]
Maximum borrowing capacity	$350,000,000	$250,000,000
Unsecured Line of Credit, January 2017 [Member]
Debt Instrument [Line Items]
Initial borrowing capacity amount			100,000,000
Maturity date	13-Jan-17
Line of credit facility outstanding amount	235,000,000
Line of credit facility interest rate	2.07%
Unused portion of line of credit	115,000,000
Amount available under line of credit	32,100,000
Line of credit facility agreement date	13-Jan-14
Unsecured Line of Credit, January 2017 [Member] | Conditional Borrowing [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity			$500,000,000
Unsecured Line of Credit, January 2017 [Member] | Based On LIBOR [Member] | Minimum [Member]
Debt Instrument [Line Items]
Interest rate spread	1.90%
Unsecured Line of Credit, January 2017 [Member] | Based On LIBOR [Member] | Maximum [Member]
Debt Instrument [Line Items]
Interest rate spread	2.75%
Unsecured Line of Credit, January 2017 [Member] | Based On Alternative Base Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Interest rate spread	0.90%
Unsecured Line of Credit, January 2017 [Member] | Based On Alternative Base Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Interest rate spread	1.75%

Fair_Value_Carrying_Value_and_

Fair Value - Carrying Value and Fair Value of Line of Credit (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Line of credit	$235,000	$0
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Line of credit	$235,000	$0

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	4 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Impact related to uncertain tax positions	$0	$0	$0
Earliest tax year subject to examination		2012

Income_Taxes_Preliminary_Taxab

Income Taxes - Preliminary Taxability of Distributions on Common Shares (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Ordinary income	$0.47	$0
Non-taxable return of capital	$0	$0.23
Long-term capital gain	$0	$0
Total distribution	$0.47	$0.23

Stockholders_Equity_Additional

Stockholders Equity - Additional information (Detail) (USD $)	12 Months Ended		0 Months Ended
Share data in Millions, except Per Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Sep. 27, 2012
Stockholders' Equity Detail [Line Items]
Offering price of common stock per share, primary shares	$10
Total gross proceeds raised in offerings	$228,900,000
Total shares of common stock sold in offering	22.9
Quarterly declared dividend per share, amount	$0.47	$0.23
Holding period requirement for shares of common stock	1 year
Maximum percentage of number of shares to be redeemed during any consecutive 12-month period	5.00%
First Quarter 2014 [Member] | Stock Dividends [Member]
Stockholders' Equity Detail [Line Items]
Quarterly declared dividend per share, shares	0.000047945
Quarterly declared dividend per share, amount	$0.04
Second Quarter 2014 [Member] | Stock Dividends [Member]
Stockholders' Equity Detail [Line Items]
Quarterly declared dividend per share, shares	0.000047945
Quarterly declared dividend per share, amount	$0.04
Third Quarter 2014 [Member] | Stock Dividends [Member]
Stockholders' Equity Detail [Line Items]
Quarterly declared dividend per share, shares	0.000047945
Quarterly declared dividend per share, amount	$0.04
Initial Public Offering [Member]
Stockholders' Equity Detail [Line Items]
Effective date of registration statement			24-Jul-13
Maximum dollar value of common stock in public offering			2,000,000,000
Dollar value of common stock in offering, primary shares			1,500,000,000
Offering price of common stock per share, primary shares			$10
Dollar value of common stock in offering, DRIP shares			$500,000,000
Offering price of common stock per share, DRIP shares			$9.50
Expected date registration statement to close			24-Jul-15
Total shares of common stock remaining available for sale pursuant to the offering	179.6
Number of shares remaining available for sale through distribution reinvestment plan	52.5

Stockholders_Equity_Cash_Distr

Stockholders' Equity - Cash Distributions Table (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Schedule Of Stockholders' Equity [Line Items]
Declared per Common Share	$0.47	$0.23
Total Distributions	$5,194,000	$39,000
Cash Distributions [Member]
Schedule Of Stockholders' Equity [Line Items]
Paid in Cash	2,282,000	36,000
Reinvested in Shares	2,140,000	3,000
Total Distributions	4,422,000	39,000
December 31, 2014 [Member] | Cash Distributions [Member]
Schedule Of Stockholders' Equity [Line Items]
Payment Date	14-Jan-15
Declared per Common Share	$0.13
Paid in Cash	1,198,000
Reinvested in Shares	1,170,000
Total Distributions	2,368,000
September 30, 2014 [Member] | Cash Distributions [Member]
Schedule Of Stockholders' Equity [Line Items]
Payment Date	15-Oct-14
Declared per Common Share	$0.12
Paid in Cash	710,000
Reinvested in Shares	674,000
Total Distributions	1,384,000
June 30, 2014 [Member] | Cash Distributions [Member]
Schedule Of Stockholders' Equity [Line Items]
Payment Date	15-Jul-14
Declared per Common Share	$0.11
Paid in Cash	300,000
Reinvested in Shares	258,000
Total Distributions	558,000
March 31, 2014 [Member] | Cash Distributions [Member]
Schedule Of Stockholders' Equity [Line Items]
Payment Date	15-Apr-14
Declared per Common Share	$0.11
Paid in Cash	74,000
Reinvested in Shares	38,000
Total Distributions	112,000
December 31, 2013 [Member] | Cash Distributions [Member]
Schedule Of Stockholders' Equity [Line Items]
Payment Date		15-Jan-14
Declared per Common Share		$0.11
Paid in Cash		29,000
Reinvested in Shares		3,000
Total Distributions		32,000
September 30, 2013 [Member] | Cash Distributions [Member]
Schedule Of Stockholders' Equity [Line Items]
Payment Date		20-Dec-13
Declared per Common Share		$0.11
Paid in Cash		7,000
Total Distributions		$7,000

Stockholders_Equity_Stock_Divi

Stockholders' Equity - Stock Dividends Table (Detail) (Stock Dividends [Member], USD $)	12 Months Ended
Share data in Thousands, unless otherwise specified	Dec. 31, 2014
Schedule Of Stockholders' Equity [Line Items]
Shares	77
Amount	$772,000
September 30, 2014 [Member]
Schedule Of Stockholders' Equity [Line Items]
Issuance Date	1-Oct-14
Shares	51
Amount	515,000
June 30, 2014 [Member]
Schedule Of Stockholders' Equity [Line Items]
Issuance Date	1-Jul-14
Shares	22
Amount	216,000
March 31, 2014 [Member]
Schedule Of Stockholders' Equity [Line Items]
Issuance Date	1-Apr-14
Shares	4
Amount	$41,000

Stockholders_Equity_Stock_Divi1

Stockholders' Equity - Stock Dividends Table (Parenthetical) (Detail) (USD $)	Dec. 31, 2014
Equity [Abstract]
Offering price of common stock per share, primary shares	$10

Stockholders_Equity_Redemption

Stockholders' Equity - Redemption Discount Table (Detail)	Dec. 31, 2014
Stockholders' Equity Attributable to Parent [Abstract]
Redemption price as percentage of the purchase price, share purchase anniversary, less than one year
Redemption price as percentage of the purchase price, share purchase anniversary, one year	92.50%
Redemption price as percentage of the purchase price, share purchase anniversary, two years	95.00%
Redemption price as percentage of the purchase price, share purchase anniversary, three years	97.50%
Redemption price as percentage of the purchase price, share purchase anniversary, four years and longer	100.00%

Stockholders_Equity_Redemption1

Stockholders Equity - Redemption Table (Detail) (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Stockholders' Equity Attributable to Parent [Abstract]
Number of eligible shares redeemed	12	0	0
Aggregate amount of shares redeemed	$122	$0	$0
Average redemption price per share	$10	$0	$0

ShareBased_Compensation_Additi

Share-Based Compensation - Additional Information (Detail) (USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Effective date of equity incentive plan	16-Jul-13
Number of common stock shares registered for issuance pursuant to Equity Incentive Plan	5,000,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of restricted stock granted to certain eligible individuals under Equity Incentive Plan	26,000
Unrecognized compensation cost related to restricted stock	0.1
Weighted-average years to recognize compensation expense	3 months 18 days
Restricted Stock [Member] | Independent Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of restricted stock granted to certain eligible individuals under Equity Incentive Plan	25,500
Restricted Stock [Member] | Immediately Vest [Member] | Independent Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of restricted stock granted to certain eligible individuals under Equity Incentive Plan	15,000
Restricted Stock [Member] | Multiple Vesting Criteria [Member] | Independent Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of restricted stock granted to certain eligible individuals under Equity Incentive Plan	10,500
Vesting period	6 months

ShareBased_Compensation_Summar

Share-Based Compensation - Summary of Issuance of Restricted Stock Pursuant to the Amended and Restated Equity Incentive Plan (Detail) (Restricted Stock [Member], USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested Shares at Beginning of Period	0
Shares, Granted	26,000
Shares, Vested	-15,000
Shares, Forfeited	0
Nonvested Shares at End of Period	11,000	0
Weighted-Average Fair Value per Share, Nonvested Shares at Beginning of Period	$0
Weighted-Average Fair Value per Share, Granted	$10	$0
Weighted-Average Fair Value per Share, Vested	$10
Weighted-Average Fair Value per Share, Forfeited	$0
Weighted-Average Fair Value per Share, Nonvested Shares at End of Period	$10	$0

ShareBased_Compensation_Summar1

Share-Based Compensation - Summary of Issuance of Restricted Stock Pursuant to the Amended and Restated Equity Incentive Plan (Parenthetical) (Detail) (USD $)	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Offering price of common stock per share, primary shares	$10

ShareBased_Compensation_Compon

Share-Based Compensation - Components of Share-Based Compensation (Detail) (USD $)	4 Months Ended	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$0	$202	$0
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total fair value of restricted stock vested		$150	$0
Weighted-average grant date fair value of restricted stock granted, per share		$10	$0

ShareBased_Compensation_Compon1

Share-Based Compensation - Components of Share-Based Compensation (Parenthetical) (Detail) (USD $)	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Offering price of common stock per share, primary shares	$10

Related_Party_Transactions_Add

Related Party Transactions - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended						12 Months Ended	0 Months Ended
	Sep. 30, 2012	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2014	Mar. 31, 2013
Related Party Transaction [Line Items]
Sales commission fees - percent of gross proceeds								7.00%
Dealer manager fees - percent of gross proceeds								2.50%
Aggregate investment threshold for 2.0% acquisition fees								$500,000,000
Asset management fees - monthly one-twelfth of percentage of aggregate cost of each real estate property asset located in the U.S.								0.80%
Asset management fees - disposition percentage								2.00%
Organization and offering expense reimbursement to advisor or affiliates as a percentage of gross offering proceeds								2.00%
Expense support agreement, baseline distribution per share amount		$0.13	$0.12	$0.11	$0.11	$0.11	$0.11
Termination notice period for expense support agreement								60 days
Expense support agreement effective through, date								30-Jun-15
Cumulative amount potentially reimbursable to Advisor		3,800,000						3,800,000
Common stock, shares sold		23,030,000				420,000		23,030,000
Common stock, price per share		$10						$10
Operating Partnership Units, owned								20,000
Special Units Issued	100
Special Units issued, value	1,000
Limited Partner [Member]
Related Party Transaction [Line Items]
Operating Partnership Units, issued	19,800
Operating Partnership Units, value	198,000
Ownership percentage	99.00%
General Partner [Member]
Related Party Transaction [Line Items]
Operating Partnership Units, issued	200
Operating Partnership Units, value	2,000
Ownership percentage	1.00%
Advisor [Member]
Related Party Transaction [Line Items]
Common stock, shares sold	20,000
Advisor [Member] | Common Stock [Member]
Related Party Transaction [Line Items]
Common stock, price per share	$10
Interest in Other Real Estate-Related Entity [Member]
Related Party Transaction [Line Items]
Acquisition fees - percent of total purchase price of real estate properties acquired in the operational stage								1.00%
IPT-GP [Member]
Related Party Transaction [Line Items]
Amount contributed to a wholly-owned subsidiary	$2,000
IPT-GP [Member] | General Partner [Member]
Related Party Transaction [Line Items]
Operating Partnership Units, distributions									200
Proportionate Share of Property Owned By Real Estate Related Entity [Member] | Property Owned By Real Estate-Related Entity [Member]
Related Party Transaction [Line Items]
Acquisition fees - percent of total purchase price of real estate properties acquired in the operational stage								1.00%
Debt Investment or Other Investment [Member]
Related Party Transaction [Line Items]
Acquisition fees - percent of total purchase price of real estate properties acquired in the operational stage								1.00%
Fourth Quarter 2014 Through Second Quarter 2015 [Member]
Related Party Transaction [Line Items]
Expense support agreement, baseline distribution per share amount		$0.13
Maximum [Member]
Related Party Transaction [Line Items]
Acquisition fees - percent of total purchase price of real estate properties acquired in the operational stage								2.00%
Maximum [Member] | Acquisition Fees [Member]
Related Party Transaction [Line Items]
Acquisition fees - percent of total project costs for real estate properties acquired in the development stage								4.00%
Minimum [Member]
Related Party Transaction [Line Items]
Acquisition fees - percent of total purchase price of real estate properties acquired in the operational stage								1.00%

Related_Party_Transactions_Sum

Related Party Transactions - Summary of Fees and Expenses Incurred by Company (Detail) (USD $)	4 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2014	Dec. 31, 2013
Expensed:
Organization costs, incurred	$0	$17	$76
Acquisition fees, incurred	0	8,168	0
Asset management fees, incurred	0	902	0
Other expense reimbursements, incurred	0	200	42
Total	0	9,287	118
Organization costs, payable		0	0
Acquisition fees, payable		0	0
Asset management fees, payable		0	0
Other expense reimbursements, payable		20	42
Total		20	51
Additional Paid-In Capital:
Sales commissions, incurred	0	15,490	124
Dealer manager fees, incurred	0	5,601	44
Offering costs, incurred	0	4,482	0
Total		25,573	168
Sales commissions, payable		115	32
Dealer manager fees, payable		97	11
Offering costs, payable		78	0
Total		$290	$43

Related_Party_Transactions_Sum1

Related Party Transactions - Summary of Fees and Expenses Incurred by Company (Parenthetical) (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Offering costs incurred by Advisor	$9,800,000
Organization costs incurred by Advisor	93,000
Organization costs reimbursed to Advisor	93,000
Offering costs reimbursed to Advisor	$4,500,000
Organization and offering expense reimbursement to advisor or affiliates as a percentage of gross offering proceeds	2.00%

Related_Party_Transactions_Exp

Related Party Transactions - Expense Support Payment Obligation Incurred by the Advisor (Detail) (USD $)	3 Months Ended					4 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2014	Dec. 31, 2013
Related Party Transactions [Abstract]
Expense support payment obligations incurred, asset management fees							$902	$0
Expense support payment obligations incurred, other expense support							2,594	306
Total expense support from the Advisor	$979	$1,160	$870	$487	$306	$0	$3,496	$306

Related_Party_Transactions_Exp1

Related Party Transactions - Expense Support Payment Obligation Incurred by the Advisor (Parenthetical) (Detail) (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified
Related Party Transactions [Abstract]
Amount related to expense support to be reimbursed by Advisor	$100

Noncontrolling_Interests_Addit

Noncontrolling Interests - Additional Information (Detail) (USD $)	1 Months Ended	12 Months Ended
	Sep. 30, 2012	Dec. 31, 2014
Noncontrolling Interest [Line Items]
Special Units Issued	100
Special Units value	$1,000
OP Units Holder [Member]
Noncontrolling Interest [Line Items]
Cumulative non-compounded annual pre-tax return percentage - in addition to capital invested received		6.50%
Percentage return of net sales proceeds received upon disposition of Operating Partnership's assets		85.00%
Special Units Holder [Member]
Noncontrolling Interest [Line Items]
Percentage return of net sales proceeds received upon disposition of Operating Partnership's assets		15.00%

Recovered_Sheet5

Selected Quarterly Financial Data - Quarterly Financial Data (Detail) (USD $)	3 Months Ended								4 Months Ended	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Dec. 31, 2014	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]
Total revenues	$4,267	$1,503	$690	$185					$0	$6,645	$0
Total operating expenses	-12,526	-4,645	-2,417	-1,250	-402	-128			0	-20,838	-530
Total other expenses	-544	-158	-162	-137	-2	-1			0	-1,001	-3
Expense support from the Advisor	979	1,160	870	487	306				0	3,496	306
Net loss	-7,824	-2,140	-1,019	-715	-98	-129			0	-11,698	-227
Net loss attributable to common stockholders	($7,824)	($2,140)	($1,019)	($715)	($98)	($129)			$0	($11,698)	($227)
Net loss per common share-basic and diluted	($0.41)	($0.18)	($0.21)	($0.72)	($0.34)	($1.61)			$0	($1.27)	($2.49)
Weighted-average shares outstanding	18,939	11,645	4,946	991	287	80	20	20	20	9,229	91

Subsequent_Events_Additional_I

Subsequent Events - Additional Information (Detail) (USD $)

4 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

Share data in Millions, unless otherwise specified

Dec. 31, 2012

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2014

Nov. 30, 2014

Dec. 31, 2014

Feb. 26, 2015

Feb. 12, 2015

Jan. 06, 2015

Jan. 23, 2015

Feb. 02, 2015

Feb. 17, 2015

Building

Subsidiary

Customer

Customer

Customer

Customer

Building

Building

Building

Building

sqft

sqft

sqft

sqft

Subsequent Event [Line Items]

Total gross proceeds raised in offerings

$228,900,000

Total shares of common stock sold in offering

22.9

22.9

22.9

Acquisition fees paid by the company to the advisor

0

8,168,000

0

Total purchase price of acquisitions

0

408,004,000

0

Number of Buildings

41

BCIMC Limited Partner [Member]

Subsequent Event [Line Items]

Contribution made to acquire interest

61,200,000

Dallas Distribution Portfolio [Member]

Subsequent Event [Line Items]

Percentage of fee interest acquired

100.00%

Percentage of indirect interest in acquired entity

51.00%

Peachtree Industrial Center [Member]

Subsequent Event [Line Items]

Percentage of fee interest acquired

100.00%

Percentage of indirect interest in acquired entity

51.00%

Initial Public Offering [Member]

Subsequent Event [Line Items]

Total shares of common stock remaining available for sale pursuant to the offering

179.6

179.6

179.6

Number of shares remaining available for sale through distribution reinvestment plan

52.5

Subsequent Event [Member]

Subsequent Event [Line Items]

Total gross proceeds raised in offerings

290,100,000

Total shares of common stock sold in offering

29.1

Percentage of development investments

80.00%

Number of subsidiaries entered into joint venture agreement

2

Percentage of core investments and value-add investments.

20.00%

Subsequent Event [Member] | BTC Partnership [Member]

Subsequent Event [Line Items]

Indirect ownership percentage acquired

100.00%

Percentage of incentive distributions paid in equal to interest acquired

40.00%

Subsequent Event [Member] | BTC Partnership [Member] | IPT Partners [Member]

Subsequent Event [Line Items]

Percentage of ownership interest acquired

51.00%

Subsequent Event [Member] | BTC Partnership [Member] | BCIMC Limited Partner [Member]

Subsequent Event [Line Items]

Percentage of ownership interest acquired

49.00%

Subsequent Event [Member] | Completed Acquisition [Member] | Newark Commerce Center [Member]

Subsequent Event [Line Items]

Percentage of building leased

43.00%

Acquisition fees paid by the company to the advisor

400,000

Average remaining lease term

3 years 7 months 6 days

Total purchase price of acquisitions

20,000,000

Number of Buildings

1

Square feet of industrial building

157,000

Number of customers

1

Subsequent Event [Member] | Completed Acquisition [Member] | Totowa Commerce Center [Member]

Subsequent Event [Line Items]

Percentage of building leased

100.00%

Acquisition fees paid by the company to the advisor

500,000

Average remaining lease term

8 years 2 months 12 days

Total purchase price of acquisitions

26,300,000

Number of Buildings

1

Square feet of industrial building

206,000

Number of customers

2

Subsequent Event [Member] | Completed Acquisition [Member] | 8A Distribution Center [Member]

Subsequent Event [Line Items]

Percentage of building leased

100.00%

Acquisition fees paid by the company to the advisor

500,000

Average remaining lease term

4 years 2 months 12 days

Total purchase price of acquisitions

23,500,000

Number of Buildings

1

Square feet of industrial building

293,000

Number of customers

2

Subsequent Event [Member] | Completed Acquisition [Member] | Bayport Distribution Center [Member]

Subsequent Event [Line Items]

Percentage of building leased

76.00%

Acquisition fees paid by the company to the advisor

600,000

Average remaining lease term

6 years 3 months 18 days

Total purchase price of acquisitions

$39,200,000

Number of Buildings

2

Square feet of industrial building

564,000

Number of customers

2

Subsequent Event [Member] | Maximum [Member]

Subsequent Event [Line Items]

Purchase Price Allocation Measurement Period

12 months

Subsequent Event [Member] | Initial Public Offering [Member]

Subsequent Event [Line Items]

Total shares of common stock remaining available for sale pursuant to the offering

173.5

Number of shares remaining available for sale through distribution reinvestment plan

52.4

Schedule_III_Real_Estate_and_A

Schedule III Real Estate and Accumulated Depreciation (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
	Building
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Debt	$0
Initial Cost of Land	113,481
Initial Cost of Buildings and Improvements	295,643
Total Initial Costs	409,124
Costs Capitalized or Adjustments Subsequent to Acquisition	2,118
Gross amount carried, Land	113,481
Gross amount carried, Buildings and Improvements	297,761
Gross amount carried, Total Costs	411,242	0
Accumulated Depreciation and Amortization	-4,101	0
Consolidated Properties [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	41	0
Debt	0
West Valley Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	1
Debt	0
Initial Cost of Land	3,051
Initial Cost of Buildings and Improvements	4,801
Total Initial Costs	7,852
Costs Capitalized or Adjustments Subsequent to Acquisition	109
Gross amount carried, Land	3,051
Gross amount carried, Buildings and Improvements	4,910
Gross amount carried, Total Costs	7,961
Accumulated Depreciation and Amortization	-438
Acquisition Date	15-Jan-14
Century Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	1
Debt	0
Initial Cost of Land	2,854
Initial Cost of Buildings and Improvements	8,658
Total Initial Costs	11,512
Gross amount carried, Land	2,854
Gross amount carried, Buildings and Improvements	8,658
Gross amount carried, Total Costs	11,512
Accumulated Depreciation and Amortization	-225
Acquisition Date	17-Mar-14
Oakesdale Commerce Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	1
Debt	0
Initial Cost of Land	1,483
Initial Cost of Buildings and Improvements	2,518
Total Initial Costs	4,001
Costs Capitalized or Adjustments Subsequent to Acquisition	259
Gross amount carried, Land	1,483
Gross amount carried, Buildings and Improvements	2,777
Gross amount carried, Total Costs	4,260
Accumulated Depreciation and Amortization	-179
Acquisition Date	28-Mar-14
Medley Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	1
Debt	0
Initial Cost of Land	1,090
Initial Cost of Buildings and Improvements	2,970
Total Initial Costs	4,060
Gross amount carried, Land	1,090
Gross amount carried, Buildings and Improvements	2,970
Gross amount carried, Total Costs	4,060
Accumulated Depreciation and Amortization	-129
Acquisition Date	9-May-14
Rialto Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	1
Debt	0
Initial Cost of Land	6,575
Initial Cost of Buildings and Improvements	13,375
Total Initial Costs	19,950
Gross amount carried, Land	6,575
Gross amount carried, Buildings and Improvements	13,375
Gross amount carried, Total Costs	19,950
Accumulated Depreciation and Amortization	-272
Acquisition Date	6-Jun-14
Palm Beach Commerce Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	1
Debt	0
Initial Cost of Land	1,425
Initial Cost of Buildings and Improvements	5,775
Total Initial Costs	7,200
Costs Capitalized or Adjustments Subsequent to Acquisition	7
Gross amount carried, Land	1,425
Gross amount carried, Buildings and Improvements	5,782
Gross amount carried, Total Costs	7,207
Accumulated Depreciation and Amortization	-183
Acquisition Date	20-Jun-14
Windham Industrial Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	1
Debt	0
Initial Cost of Land	2,808
Initial Cost of Buildings and Improvements	8,092
Total Initial Costs	10,900
Costs Capitalized or Adjustments Subsequent to Acquisition	451
Gross amount carried, Land	2,808
Gross amount carried, Buildings and Improvements	8,543
Gross amount carried, Total Costs	11,351
Accumulated Depreciation and Amortization	-317
Acquisition Date	30-Jun-14
Meadows Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	1
Debt	0
Initial Cost of Land	1,686
Initial Cost of Buildings and Improvements	6,285
Total Initial Costs	7,971
Costs Capitalized or Adjustments Subsequent to Acquisition	593
Gross amount carried, Land	1,686
Gross amount carried, Buildings and Improvements	6,878
Gross amount carried, Total Costs	8,564
Accumulated Depreciation and Amortization	-8
Acquisition Date	4-Sep-14
Corridor Industrial Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	1
Debt	0
Initial Cost of Land	4,247
Initial Cost of Buildings and Improvements	5,634
Total Initial Costs	9,881
Costs Capitalized or Adjustments Subsequent to Acquisition	76
Gross amount carried, Land	4,247
Gross amount carried, Buildings and Improvements	5,710
Gross amount carried, Total Costs	9,957
Accumulated Depreciation and Amortization	-107
Acquisition Date	16-Sep-14
O'Hare Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	1
Debt	0
Initial Cost of Land	11,140
Initial Cost of Buildings and Improvements	15,810
Total Initial Costs	26,950
Gross amount carried, Land	11,140
Gross amount carried, Buildings and Improvements	15,810
Gross amount carried, Total Costs	26,950
Accumulated Depreciation and Amortization	-266
Acquisition Date	17-Sep-14
Lehigh Valley Commerce Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	1
Debt	0
Initial Cost of Land	1,545
Initial Cost of Buildings and Improvements	4,456
Total Initial Costs	6,001
Gross amount carried, Land	1,545
Gross amount carried, Buildings and Improvements	4,456
Gross amount carried, Total Costs	6,001
Accumulated Depreciation and Amortization	-68
Acquisition Date	25-Sep-14
Corridor Industrial Center II [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	3
Debt	0
Initial Cost of Land	11,500
Initial Cost of Buildings and Improvements	15,297
Total Initial Costs	26,797
Costs Capitalized or Adjustments Subsequent to Acquisition	81
Gross amount carried, Land	11,500
Gross amount carried, Buildings and Improvements	15,378
Gross amount carried, Total Costs	26,878
Accumulated Depreciation and Amortization	-555
Acquisition Date	29-Sep-14
Bolingbrook Industrial Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	1
Debt	0
Initial Cost of Land	1,124
Initial Cost of Buildings and Improvements	2,963
Total Initial Costs	4,087
Costs Capitalized or Adjustments Subsequent to Acquisition	-1
Gross amount carried, Land	1,124
Gross amount carried, Buildings and Improvements	2,962
Gross amount carried, Total Costs	4,086
Accumulated Depreciation and Amortization	-83
Acquisition Date	30-Sep-14
Normal Junction Commerce Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	2
Debt	0
Initial Cost of Land	2,780
Initial Cost of Buildings and Improvements	9,673
Total Initial Costs	12,453
Gross amount carried, Land	2,780
Gross amount carried, Buildings and Improvements	9,673
Gross amount carried, Total Costs	12,453
Accumulated Depreciation and Amortization	-149
Acquisition Date	21-Oct-14
Mechanicsburg Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	1
Debt	0
Initial Cost of Land	1,931
Initial Cost of Buildings and Improvements	6,444
Total Initial Costs	8,375
Gross amount carried, Land	1,931
Gross amount carried, Buildings and Improvements	6,444
Gross amount carried, Total Costs	8,375
Accumulated Depreciation and Amortization	-94
Acquisition Date	23-Oct-14
West Valley Distribution Center II [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	2
Debt	0
Initial Cost of Land	1,885
Initial Cost of Buildings and Improvements	4,002
Total Initial Costs	5,887
Costs Capitalized or Adjustments Subsequent to Acquisition	4
Gross amount carried, Land	1,885
Gross amount carried, Buildings and Improvements	4,006
Gross amount carried, Total Costs	5,891
Accumulated Depreciation and Amortization	-95
Acquisition Date	24-Oct-14
CentrePort Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	1
Debt	0
Initial Cost of Land	2,795
Initial Cost of Buildings and Improvements	13,898
Total Initial Costs	16,693
Gross amount carried, Land	2,795
Gross amount carried, Buildings and Improvements	13,898
Gross amount carried, Total Costs	16,693
Accumulated Depreciation and Amortization	-242
Acquisition Date	31-Oct-14
Tacoma Commerce Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	1
Debt	0
Initial Cost of Land	1,808
Initial Cost of Buildings and Improvements	1,542
Total Initial Costs	3,350
Gross amount carried, Land	1,808
Gross amount carried, Buildings and Improvements	1,542
Gross amount carried, Total Costs	3,350
Accumulated Depreciation and Amortization	-34
Acquisition Date	31-Oct-14
Richmond Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	1
Debt	0
Initial Cost of Land	8,185
Initial Cost of Buildings and Improvements	10,165
Total Initial Costs	18,350
Costs Capitalized or Adjustments Subsequent to Acquisition	192
Gross amount carried, Land	8,185
Gross amount carried, Buildings and Improvements	10,357
Gross amount carried, Total Costs	18,542
Accumulated Depreciation and Amortization	-280
Acquisition Date	31-Oct-14
Auburn Industrial Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	1
Debt	0
Initial Cost of Land	2,576
Initial Cost of Buildings and Improvements	5,274
Total Initial Costs	7,850
Gross amount carried, Land	2,576
Gross amount carried, Buildings and Improvements	5,274
Gross amount carried, Total Costs	7,850
Accumulated Depreciation and Amortization	-73
Acquisition Date	12-Nov-14
Dallas Distribution Portfolio [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	3
Debt	0
Initial Cost of Land	12,987
Initial Cost of Buildings and Improvements	61,610
Total Initial Costs	74,597
Costs Capitalized or Adjustments Subsequent to Acquisition	317
Gross amount carried, Land	12,987
Gross amount carried, Buildings and Improvements	61,927
Gross amount carried, Total Costs	74,914
Accumulated Depreciation and Amortization	-20
Acquisition Date	26-Nov-14
Dorsey Run Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	1
Debt	0
Initial Cost of Land	3,123
Initial Cost of Buildings and Improvements	3,962
Total Initial Costs	7,085
Gross amount carried, Land	3,123
Gross amount carried, Buildings and Improvements	3,962
Gross amount carried, Total Costs	7,085
Accumulated Depreciation and Amortization	-11
Acquisition Date	9-Dec-14
Portland Industrial Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	9
Debt	0
Initial Cost of Land	18,422
Initial Cost of Buildings and Improvements	38,814
Total Initial Costs	57,236
Costs Capitalized or Adjustments Subsequent to Acquisition	29
Gross amount carried, Land	18,422
Gross amount carried, Buildings and Improvements	38,843
Gross amount carried, Total Costs	57,265
Accumulated Depreciation and Amortization	-138
Acquisition Date	18-Dec-14
Peachtree Industrial Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Buildings	4
Debt	0
Initial Cost of Land	6,461
Initial Cost of Buildings and Improvements	43,625
Total Initial Costs	50,086
Costs Capitalized or Adjustments Subsequent to Acquisition	1
Gross amount carried, Land	6,461
Gross amount carried, Buildings and Improvements	43,626
Gross amount carried, Total Costs	50,087
Accumulated Depreciation and Amortization	($135)
Acquisition Date	24-Dec-14
Minimum [Member] | West Valley Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Minimum [Member] | Century Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Minimum [Member] | Oakesdale Commerce Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Minimum [Member] | Medley Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Minimum [Member] | Rialto Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Minimum [Member] | Palm Beach Commerce Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Minimum [Member] | Windham Industrial Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Minimum [Member] | Meadows Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Minimum [Member] | Corridor Industrial Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Minimum [Member] | O'Hare Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Minimum [Member] | Lehigh Valley Commerce Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Minimum [Member] | Corridor Industrial Center II [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Minimum [Member] | Bolingbrook Industrial Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Minimum [Member] | Normal Junction Commerce Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Minimum [Member] | Mechanicsburg Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Minimum [Member] | West Valley Distribution Center II [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Minimum [Member] | CentrePort Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Minimum [Member] | Tacoma Commerce Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Minimum [Member] | Richmond Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Minimum [Member] | Auburn Industrial Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Minimum [Member] | Dallas Distribution Portfolio [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Minimum [Member] | Dorsey Run Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Minimum [Member] | Portland Industrial Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Minimum [Member] | Peachtree Industrial Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	1 year
Maximum [Member] | West Valley Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	20 years
Maximum [Member] | Century Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	40 years
Maximum [Member] | Oakesdale Commerce Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	40 years
Maximum [Member] | Medley Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	40 years
Maximum [Member] | Rialto Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	40 years
Maximum [Member] | Palm Beach Commerce Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	20 years
Maximum [Member] | Windham Industrial Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	30 years
Maximum [Member] | Meadows Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	30 years
Maximum [Member] | Corridor Industrial Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	20 years
Maximum [Member] | O'Hare Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	40 years
Maximum [Member] | Lehigh Valley Commerce Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	30 years
Maximum [Member] | Corridor Industrial Center II [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	20 years
Maximum [Member] | Bolingbrook Industrial Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	20 years
Maximum [Member] | Normal Junction Commerce Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	20 years
Maximum [Member] | Mechanicsburg Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	20 years
Maximum [Member] | West Valley Distribution Center II [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	20 years
Maximum [Member] | CentrePort Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	20 years
Maximum [Member] | Tacoma Commerce Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	20 years
Maximum [Member] | Richmond Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	20 years
Maximum [Member] | Auburn Industrial Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	30 years
Maximum [Member] | Dallas Distribution Portfolio [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	40 years
Maximum [Member] | Dorsey Run Distribution Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	30 years
Maximum [Member] | Portland Industrial Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	20 years
Maximum [Member] | Peachtree Industrial Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life (Years)	30 years

Schedule_III_Real_Estate_and_A1

Schedule III Real Estate and Accumulated Depreciation (Parenthetical) (Detail) (USD $)	Dec. 31, 2014
In Millions, unless otherwise specified
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Real estate federal income tax basis	$409.90
Intangible lease assets, gross	30.3
Intangibles lease liabilities, gross	$5.60

Schedule_III_Real_Estate_and_A2

Schedule III Real Estate and Accumulated Depreciation - Summary of Activity for Investment in Real Estate Properties (Parenthetical) (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Investment Properties Beginning Balance	$0
Acquisition of properties	409,124
Improvements	2,118
Investment Properties Ending Balance	411,242
Accumulated Depreciation Beginning Balance	0
Additions charged to costs and expenses	-4,101
Accumulated Depreciation Ending Balance	($4,101)