National Healthcare Properties (NHPBP) 10-Q13 Nov 132013 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2013	Oct. 31, 2013
Document Information [Line Items]	'	'
Entity Registrant Name	'AMERICAN REALTY CAPITAL HEALTHCARE TRUST II, INC.	'
Entity Central Index Key	'0001561032	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Non-accelerated Filer	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-13	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	4,952,489

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Real estate investments, at cost:	'	'
Land	$2,279	$0
Buildings, fixtures and improvements	34,291	0
Acquired intangible lease assets	5,416	0
Total real estate investments, at cost	41,986	0
Less: accumulated depreciation and amortization	-401	0
Total real estate investments, net	41,585	0
Cash	37,925	3
Receivable for sale of common stock	734	0
Prepaid expenses and other assets	612	0
Deferred costs	0	807
Total assets	80,856	810
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'
Accounts payable and accrued expenses	611	625
Below-market lease liability, net	60	0
Deferred rent and other liabilities	50	0
Distributions payable	472	0
Total liabilities	1,193	625
Preferred stock, $0.01 par value, 50,000,000 authorized, none issued and outstanding at September 30, 2013 and December 31, 2012	0	0
Common stock, $0.01 par value, 300,000,000 shares authorized, 3,764,547 and 8,888 shares issued and outstanding as of September 30, 2013 and December 31, 2012, respectively	38	0
Additional paid-in capital	81,439	200
Accumulated deficit	-1,814	-15
Total stockholders' equity	79,663	185
Total liabilities and stockholders' equity	$80,856	$810

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	3,764,547	8,888
Common stock, shares outstanding	3,764,547	8,888

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2013
Revenues:	'	'
Rental income	$564	$590
Operating expense reimbursements	88	89
Total revenues	652	679
Expenses:	'	'
Property operating	88	89
Acquisition and transaction related	533	651
General and administrative	49	104
Depreciation and amortization	381	397
Total expenses	1,051	1,241
Net loss	-399	-562
Comprehensive loss	($399)	($562)
Basic and diluted weighted average shares outstanding	2,559,022	991,948
Basic and diluted net loss per share	($0.16)	($0.57)

CONSOLIDATED_STATEMENT_OF_STOC

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit
In Thousands, except Share data	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit
Beginning Balance at Dec. 31, 2012	$185	$0	$200	($15)
Beginning Balance (in shares) at Dec. 31, 2012	'	8,888	'	'
Issuance of common stock (in shares)	'	3,735,445	'	'
Issuance of common stock	92,657	38	92,619	'
Common stock offering costs, commissions and dealer manager fees	-11,776	'	-11,776	'
Common stock issued through distribution reinvestment plan (in shares)	'	16,215	'	'
Common stock issued through distribution reinvestment plan	385	'	385	'
Share-based compensation (in shares)	'	3,999	'	'
Share-based compensation	11	'	11	'
Distributions declared	-1,237	'	'	-1,237
Net loss	-562	'	'	-562
Ending Balance at Sep. 30, 2013	$79,663	$38	$81,439	($1,814)
Ending Balance (in shares) at Sep. 30, 2013	'	3,764,547	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013
Cash flows from operating activities:	'
Net loss	($562)
Adjustments to reconcile net loss to net cash used in operating activities:	'
Depreciation	306
Amortization of intangibles	91
Accretion of below-market lease liability and amortization of above-market lease assets, net	3
Share-based compensation	11
Changes in assets and liabilities:	'
Prepaid expenses and other assets	-402
Accounts payable and accrued expenses	327
Deferred rent and other liabilities	50
Net cash used in operating activities	-176
Cash flows from investing activities:	'
Investment in real estate and other assets	-41,834
Deposits for real estate acquisitions	-210
Net cash used in investing activities	-42,044
Cash flows from financing activities:	'
Proceeds from issuance of common stock	91,923
Payments of offering costs and fees related to common stock issuances	-11,002
Distributions paid	-380
Advances from affiliate, net	-399
Net cash provided by financing activities	80,142
Net change in cash	37,922
Cash, beginning of period	3
Cash, end of period	37,925
Non-Cash Financing Activities:	'
Common stock issued through distribution reinvestment plan	385
Reclassification of deferred offering costs to equity	$807

Organization

Organization	9 Months Ended
Organization	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization	'
	Organization
	American Realty Capital Healthcare Trust II, Inc. (the "Company") was incorporated on October 15, 2012 as a Maryland corporation that intends to qualify as a real estate investment trust for U.S. federal income tax purposes beginning with the taxable year ending December 31, 2013. On February 14, 2013, the Company commenced its ongoing initial public offering (the "IPO") on a "reasonable best efforts" basis of up to $1.7 billion of common stock, $0.01 par value per share, at a price of $25.00 per share, subject to certain volume and other discounts, pursuant to a registration statement on Form S-11, as amended (File No. 333-184677) (the "Registration Statement"), filed with the U.S. Securities and Exchange Commission (the "SEC") under the Securities Act of 1933, as amended. The Registration Statement also covers up to 14.7 million shares of common stock available pursuant to a distribution reinvestment plan (the "DRIP") under which common stockholders may elect to have their distributions reinvested in additional shares of common stock.
	On April 12, 2013, the Company received and accepted subscriptions in excess of the minimum offering amount for the IPO of $2.0 million in shares, broke general escrow and issued shares of common stock to initial investors who were admitted as stockholders of the Company. As of September 30, 2013, the Company had 3.8 million shares of common stock outstanding, including unvested restricted shares and shares issued pursuant to the DRIP, and had received total gross proceeds from the IPO and the DRIP of $93.2 million. As of September 30, 2013, the aggregate value of all share issuances and subscriptions of common stock outstanding was $94.0 million based on a per share value of $25.00 (or $23.75 for shares issued under the DRIP). Until a date within six months following the Company's acquisition of at least $2.0 billion in total portfolio assets, the per share purchase price in the IPO will be up to $25.00 per share (including the maximum allowed to be charged for commissions and fees) and shares issued under the DRIP will be based on the greater of $23.75 per share or 95% of the estimated value of a share of common stock. Within six months following the Company's acquisition of at least $2.0 billion in total portfolio assets, the per share purchase price will vary quarterly and will be equal to the net asset value ("NAV") per share, as determined by American Realty Capital Healthcare II Advisors, LLC (the "Advisor"), plus applicable commissions and fees and the per share purchase price in the DRIP will be equal to the NAV per share. The Company reserves the right to reallocate shares covered in the Registration Statement between the IPO and the DRIP.
	The Company was formed to primarily acquire a diversified portfolio of real estate properties, focusing primarily on building a portfolio of healthcare-related assets, including medical office buildings, senior housing and other healthcare-related facilities. All such properties may be acquired and operated by the Company alone or jointly with another party. The Company may also originate or acquire first mortgage loans secured by real estate. The Company purchased its first property and commenced real estate operations in May 2013. As of September 30, 2013, the Company owned six properties consisting of 112,672 rentable square feet, which were 100.0% leased, with a weighted average remaining lease term of 10.2 years.
	Substantially all of the Company's business is conducted through American Realty Capital Healthcare Trust II Operating Partnership, L.P. (the "OP"), a Delaware limited partnership. The Company is the sole general partner and holds substantially all of the units of limited partner interests in the OP ("OP units"). American Realty Capital Healthcare II Special Limited Partnership, LLC (the "Special Limited Partner"), an entity wholly owned by the Company's sponsor, American Realty Capital VII, LLC (the "Sponsor"), expects to contribute $2,020 to the OP in exchange for 90 OP units, which will represent a nominal percentage of the aggregate OP ownership. A holder of OP units has the right to convert OP units for the cash value of a corresponding number of shares of the Company's common stock or, at the option of the OP, a corresponding number of shares of the Company's common stock, in accordance with the limited partnership agreement of the OP, provided, however, that such OP units must have been outstanding for at least one year. The remaining rights of the limited partners in the OP are limited, however, and do not include the ability to replace the general partner or to approve the sale, purchase or refinancing of the OP's assets.
	The Company has no employees. The Advisor has been retained by the Company to manage the Company's affairs on a day-to-day basis. The Company has retained American Realty Capital Healthcare II Properties, LLC (the "Property Manager") to serve as the Company's property manager. Realty Capital Securities, LLC (the "Dealer Manager") serves as the dealer manager of the IPO. The Advisor and the Property Manager are wholly owned entities of, and the Dealer Manager is under common ownership with, the Sponsor, as a result of which, they are related parties, and each of which will receive compensation, fees and expense reimbursements for services related to the IPO and the investment and management of the Company's assets. The Advisor, Property Manager and Dealer Manager will receive compensation, fees and expense reimbursements during the Company's offering, acquisition, operational and liquidation stages.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 2013
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Summary of Significant Accounting Policies
	The accompanying consolidated financial statements of the Company included herein were prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and with the instructions to this Quarterly Report on Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The information furnished includes all adjustments and accruals of a normal recurring nature, which, in the opinion of management, are necessary for a fair presentation of results for the interim periods. All intercompany accounts and transactions have been eliminated in consolidation. The results of operations for the three and nine months ended September 30, 2013 are not necessarily indicative of the results for the entire year or any subsequent interim period.
	These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto as of December 31, 2012, and for the period from October 15, 2012 (date of inception) to December 31, 2012, which are included in the Registration Statement. There have been no significant changes to Company's significant accounting policies during the nine months ended September 30, 2013 other than the updates described below.
	Development Stage Company
	On April 12, 2013, the Company raised proceeds sufficient to break general escrow in connection with its IPO. The Company received and accepted aggregate subscriptions in excess of the minimum offering amount in the IPO of $2.0 million, broke general escrow and issued shares of common stock to the Company's initial investors who were admitted as stockholders of the Company. The Company acquired its first property and commenced real estate operations on May 10, 2013, and, as of such date, is no longer considered to be a development stage company.
	Deferred Costs
	Deferred costs consists of deferred offering costs. Deferred offering costs represent professional fees, fees paid to various regulatory agencies, and other costs incurred in connection with registering to sell shares of the Company's common stock. On February 14, 2013, the day the Company commenced the IPO, deferred offering costs were reclassified to stockholders' equity.
	Recent Accounting Pronouncements
	In December 2011, the Financial Accounting Standards Board ("FASB") issued guidance regarding disclosures about offsetting assets and liabilities, which requires an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. The guidance is effective for fiscal years and interim periods beginning on or after January 1, 2013 with retrospective application for all comparative periods presented. The adoption of this guidance, which is related to disclosure only, did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In July 2012, the FASB issued revised guidance intended to simplify how an entity tests indefinite-lived intangible assets for impairment. The amendments will allow an entity first to assess qualitative factors to determine whether it is necessary to perform a quantitative impairment test. An entity will no longer be required to calculate the fair value of an indefinite-lived intangible asset and perform the quantitative test unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. The amendments are effective for annual and interim indefinite-lived intangible asset impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. The adoption of this guidance did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In February 2013, the FASB issued guidance which requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. The guidance is effective for annual and interim periods beginning after December 15, 2012 with early adoption permitted. The adoption of this guidance, which is related to disclosure only, did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In February 2013, the FASB issued new accounting guidance clarifying the accounting and disclosure requirements for obligations resulting from joint and several liability arrangements for which the total amount under the arrangement is fixed at the reporting date. The new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2013. The Company does not expect the adoption of this guidance to have a material impact on the Company's consolidated financial position, results of operations or cash flows.

Real_Estate_Investments

Real Estate Investments	9 Months Ended
	Sep. 30, 2013
Real Estate Investments, Net [Abstract]	'
Real Estate Investments	'
	Real Estate Investments
	The following table presents the allocation of the assets acquired during the nine months ended September 30, 2013:


			Nine Months Ended
	(Dollar amounts in thousands)		September 30, 2013
	Real estate investments, at cost:
	Land		$	2,279

	Buildings, fixtures and improvements		34,291

	Total tangible assets		36,570

	Acquired intangibles:
	In-place leases		5,180

	Above-market lease assets		236

	Below-market lease liability		(61		)
	Total assets acquired, net		41,925

	Other liabilities assumed		(91		)
	Cash paid for acquired real estate investments		$	41,834

	Number of properties purchased		6

	The following table presents unaudited pro forma information as if the acquisitions during the nine months ended September 30, 2013, had been consummated on October 15, 2012 (date of inception). Additionally, the unaudited pro forma net loss attributable to stockholders was adjusted to reclass acquisition and transaction related expense of $0.7 million from the nine months ended September 30, 2013 to October 15, 2012.


			Nine Months Ended
	(In thousands)		September 30, 2013
	Pro forma revenues		$	3,178

	Pro forma net income		$	736

	The following table presents future minimum base rental cash payments due to the Company over the next five years and thereafter. These amounts exclude contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes among other items.


	(In thousands)		Future Minimum
			Base Rent Payments
	October 1, 2013 — December 31, 2013		$	816

	2014		3,301

	2015		3,361

	2016		3,423

	2017		3,399

	Thereafter		22,057

			$	36,357

	The following table lists the tenants (including for this purpose, all affiliates of such tenants) whose annualized rental income on a straight-line basis represented greater than 10% of total annualized rental income for all properties on a straight-line basis as of September 30, 2013:


			September 30,
	Tenant		2013
	Adena Health System		11.90%
	Advocate Health and Hospitals Corporation		12.00%
	HH/Killeen Health System, LLC		14.10%
	IASIS Healthcare, LLC		16.90%
National Mentor Holdings, Inc.		27.40%
The termination, delinquency or non-renewal of leases by one or more of the above tenants may have a material adverse effect on revenues.
The following table lists the states where the Company has concentrations of properties where annualized rental income on a straight-line basis represented greater than 10% of consolidated annualized rental income for all properties on a straight-line basis as of September 30, 2013:


		September 30,
State		2013
Colorado		27.40%
Illinois		25.30%
Louisiana		16.90%
Ohio		11.90%
Texas		14.10%

Common_Stock

Common Stock	9 Months Ended
Common Stock	Sep. 30, 2013
Stockholders' Equity Note [Abstract]	'
Common Stock	'
	Common Stock
	The Company had 3.8 million and 8,888 shares of common stock outstanding, including unvested restricted shares and shares issued pursuant to the DRIP, and had received total proceeds of $93.2 million and $0.2 million, including proceeds from shares issued pursuant to the DRIP, as of September 30, 2013 and December 31, 2012, respectively.
	On April 9, 2013, the Company's board of directors authorized, and the Company declared, a distribution rate, which is calculated based on stockholders of record each day during the applicable period at a rate of $0.0046575343 per day based on a price of $25.00 per share of common stock. Distributions began to accrue on May 24, 2013, 15 days following the Company's initial property acquisition. Distributions are payable by the 5th day following each month end to stockholders of record at the close of business each day during the prior month. Distribution payments are dependent on the availability of funds. The board of directors may reduce the amount of distributions paid or suspend distribution payments at any time and therefore distributions payments are not assured.
	The Company has a Share Repurchase Program ("SRP") that enables stockholders, subject to certain conditions and limitations, to sell their shares to the Company. Under the SRP, stockholders may request that the Company repurchase all or any portion of their shares of common stock, if such repurchase does not impair the Company's capital or operations. As of September 30, 2013, no shares of common stock have been repurchased or requested to be repurchased. The Company will fund repurchases from proceeds from the sale of common stock pursuant to the DRIP.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies
	Litigation
	In the ordinary course of business, the Company may become subject to litigation or claims. There are no material legal proceedings pending or known to be contemplated against the Company.
	Environmental Matters
	In connection with the ownership and operation of real estate, the Company may potentially be liable for costs and damages related to environmental matters. As of September 30, 2013, the Company has not been notified by any governmental authority of any non-compliance, liability or other claim, and is not aware of any other environmental condition that it believes will have a material adverse effect on the results of operations.

Related_Party_Transactions_and

Related Party Transactions and Arrangements	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions and Arrangements	'
	Related Party Transactions and Arrangements
	As of September 30, 2013 and December 31, 2012, the Special Limited Partner owned 8,888 shares of the Company's outstanding common stock. The Advisor and its affiliates may incur and pay costs and fees on behalf of the Company. As of September 30, 2013 and December 31, 2012, the Company had approximately $5,000 and $0.4 million payable to affiliated entities, primarily related to funding the payment of third party professional fees and offering costs, net of expenses absorbed by the Advisor.
	Fees Paid in Connection with the IPO
	The Dealer Manager receives fees and compensation in connection with the sale of the Company's common stock in the IPO. The Dealer Manager receives a selling commission of up to 7.0% of the per share purchase price of offering proceeds before reallowance of commissions earned by participating broker-dealers. In addition, the Dealer Manager receives up to 3.0% of the gross proceeds from the sale of shares, before reallowance to participating broker-dealers, as a dealer-manager fee. The Dealer Manager may reallow its dealer-manager fee to such participating broker-dealers. A participating broker dealer may elect to receive a fee equal to 7.5% of the gross proceeds from the sale of shares (not including selling commissions and dealer manager fees) by such participating broker dealer, with 2.5% thereof paid at the time of such sale and 1.0% thereof paid on each anniversary of the closing of such sale up to and including the fifth anniversary of the closing of such sale. If this option is elected, the dealer manager fee will be reduced to 2.5% of gross proceeds (not including selling commissions and dealer manager fees). The following table details total selling commissions and dealer manager fees incurred from and due to the Dealer Manager as of and for the periods presented:


						Payable as of
		Three Months Ended		Nine Months Ended		September 30,		December 31,
	(In thousands)	September 30, 2013		September 30, 2013		2013		2012
	Total commissions and fees incurred from the Dealer Manager	$	5,947	$	8,692	$	71	$	—

	The Advisor and its affiliates receive compensation and reimbursement for services relating to the IPO, including transfer agent services provided by an affiliate of the Dealer Manager. All offering costs incurred by the Company or its affiliated entities on behalf of the Company are charged to additional paid-in capital on the accompanying balance sheet as of September 30, 2013 and were included in deferred offering costs as of December 31, 2012. The following table details offering costs and reimbursements incurred from and due to the Advisor and Dealer Manager as of and for the periods presented:


						Payable as of
		Three Months Ended		Nine Months Ended		September 30,		December 31,
	(In thousands)	September 30, 2013		September 30, 2013		2013		2012
	Fees and expense reimbursements from the Advisor and Dealer Manager	$	538	$	1,253	$	74	$	—

	The Company is responsible for offering and related costs from the IPO, excluding commissions and dealer manager fees, up to a maximum of 2.0% of gross proceeds received from the IPO, measured at the end of the IPO. Offering costs in excess of the 2.0% cap as of the end of the IPO are the Advisor's responsibility. As of September 30, 2013, offering and related costs, excluding commissions and dealer manager fees, exceeded 2.0% of gross proceeds received from the IPO by $1.2 million.
	After the general escrow break, the Advisor and the Dealer Manager elected to cap cumulative offering costs for the IPO, including selling commissions and dealer manager fees, incurred by the Company, net of unpaid amounts, to 15% of gross common stock proceeds during the offering period of the IPO. As of September 30, 2013, cumulative offering costs were $11.8 million. Cumulative offering costs net of unpaid amounts, were less than the 15% threshold as of September 30, 2013.
	Fees Paid in Connection With the Operations of the Company
	The Advisor receives an acquisition fee of 1.0% of the contract purchase price of each acquired property and 1.0% of the amount advanced for a loan or other investment. The Advisor is also paid for services provided for which they incur investment-related expenses, or insourced expenses. Such insourced expenses will be fixed initially at, and may not exceed, 0.5% of the contract purchase price of each acquired property and 0.5% of the amount advanced for a loan or other investment. Additionally, the Company pays third party acquisition expenses. Once the proceeds from the IPO have been fully invested, the aggregate amount of acquisition fees and financing coordination fees (as described below) shall not exceed 1.5% of the contract purchase price and the amount advanced for a loan or other investment for all the assets acquired. In no event will the total of all acquisition fees, acquisition expenses and any financing coordination fees payable with respect to the Company's portfolio of investments or reinvestments exceed 4.5% of the contract purchase price of the Company's portfolio to be measured at the close of the acquisition phase or 4.5% of the amount advanced for all loans or other investments.
	If the Advisor provides services in connection with the origination or refinancing of any debt that the Company obtains and uses to acquire properties or to make other permitted investments, or that is assumed, directly or indirectly, in connection with the acquisition of properties, the Company will pay the Advisor a financing coordination fee equal to 0.75% of the amount available and/or outstanding under such financing, subject to certain limitations.
	For its asset management services, the Company expects to issue (subject to periodic approval by the board of directors) to the Advisor performance-based restricted partnership units of the OP ("Class B Units") in an amount equal to the excess of the cost of the Company's assets multiplied by 0.1875% less any amounts payable as an oversight fee (as described below) divided by the value of one share of common stock as of the last day of such calendar quarter, which is equal initially to $22.50 (the IPO price minus selling commissions and dealer manager fees) and, at such time as the Company calculates NAV, to per share NAV. However, if the amounts payable as an oversight fee for such quarter exceed the amount of the cost of the Company's assets multiplied by 0.1875% for such quarter (an excess oversight fee), no Class B Units shall be issued for such quarter and the excess oversight fee shall be carried forward to the next succeeding calendar quarter and included with and treated as amounts payable as an oversight fee for such quarter for purposes of determining the amount of restricted Class B Units issuable for that quarter. In addition, the sum of the cost of the Company's assets multiplied by 0.1875% for a calendar year plus the amounts payable as an oversight fee for such calendar year, shall not be less than 0.75% of the cost of assets for such calendar year. The Advisor will be entitled to receive distributions on the vested and unvested Class B units it receives in connection with its asset management subordinated participation at the same rate as distributions received on the Company's common stock; such distributions will be in addition to the incentive fees the Advisor and its affiliates may receive from the Company, including, without limitation, the annual subordinated performance fee and the subordinated participation in net sales proceeds, the subordinated incentive listing distribution or the subordinated distribution upon termination of the advisory agreement, as applicable. The restricted Class B Units shall not be convertible into unrestricted Class B Units until such time as the adjusted market value of the OP's assets plus applicable distributions equals the sum of the aggregate capital contributed by investors plus an amount equal to an annual 6.0% cumulative, pre-tax, non-compounded return to investors and only at such time as the capital account associated with a restricted Class B Unit equals the capital account of an unrestricted Class B Unit. As of September 30, 2013, the Company's board of directors approved the issuance of 618 Class B Units to the Advisor in connection with this arrangement.
	Unless the Company contracts with a third party, the Company will pay the Property Manager a property management fee of 1.5% of gross revenues from the Company's stand-alone single-tenant net leased properties and 2.5% of gross revenues from all other types of properties, respectively. The Company will also reimburse the affiliate for property level expenses. If the Company contracts directly with third parties for such services, the Company will pay them customary market fees and will pay the Property Manager an oversight fee of up to 1.0% of the gross revenues of the property managed. In no event will the Company pay the Property Manager or any affiliate both a property management fee and an oversight fee with respect to any particular property.
	Effective June 1, 2013, the Company entered into an agreement with the Dealer Manager to provide strategic advisory services and investment banking services required in the ordinary course of the Company's business, such as performing financial analysis, evaluating publicly traded comparable companies and assisting in developing a portfolio composition strategy, a capitalization structure to optimize future liquidity options and structuring operations. Strategic advisory fees are amortized over approximately 32 months, the estimated remaining term of the IPO and are included in general and administrative expenses in the accompanying consolidated statement of operations and comprehensive loss.
	The following table details amounts incurred, forgiven and payable in connection with the Company's operations-related services described above as of and for the periods presented:


		Three Months Ended				Nine Months Ended				Payable as of
		September 30, 2013				September 30, 2013				September 30,		December 31,
	(In thousands)	Incurred		Forgiven		Incurred		Forgiven		2013		2012
	One-time fees and reimbursements:
	Acquisition fees and related cost reimbursements	$	457	$	—	$	541	$	—	$	—	$	—

	Financing coordination fees	—		—		—		—		—		—

	Other expense reimbursements	—		—		—		—		—		—

	Ongoing fees:
	Property management and leasing fees	—		9		—		9		—		—

	Strategic advisory fees	152		—		180		—		180		—

	Distributions on Class B Units	—		—		—		—		—		—

	Total related party operation fees and reimbursements	$	609	$	9	$	721	$	9	$	180	$	—

	The Company reimburses the Advisor's costs of providing administrative services, subject to the limitation that the Company will not reimburse the Advisor for any amount by which the Company's operating expenses at the end of the four preceding fiscal quarters exceeds the greater of (a) 2.0% of average invested assets and (b) 25.0% of net income other than any additions to reserves for depreciation, bad debt or other similar non-cash reserves and excluding any gain from the sale of assets for that period. Additionally, the Company reimburses the Advisor for personnel costs in connection with other services during the operational stage; however, the Company may not reimburse the Advisor for personnel costs in connection with services for which the Advisor receives acquisition fees, acquisition expenses or real estate commissions. No reimbursement was incurred from the Advisor for providing services during the three and nine months ended September 30, 2013.
	In order to improve operating cash flows and the ability to pay distributions from operating cash flows, the Advisor may elect to waive certain fees. Because the Advisor may waive certain fees, cash flow from operations that would have been paid to the Advisor may be available to pay distributions to stockholders. The fees that are forgiven are not deferrals and accordingly, will not be paid to the Advisor. In certain instances, to improve the Company's working capital, the Advisor may elect to absorb a portion of the Company's property operating and general and administrative costs, which the Company will not repay. The following table details property operating and general and administrative expenses absorbed by the Advisor during the three and nine months ended September 30, 2013. These costs are presented net in the accompanying consolidated statements of operations and comprehensive loss.


		Three Months Ended		Nine Months Ended
	(In thousands)	September 30, 2013		September 30, 2013
	Property operating expenses absorbed	$	—	$	—

	General and administrative expenses absorbed	302		479

	Total expenses absorbed (1)	$	302	$	479

	_________________
	(1) The Company had a receivable from affiliates of $0.5 million as of September 30, 2013 related to absorbed general and administrative expenses. As of December 31, 2012, there was no such receivable.
Fees Paid in Connection with the Liquidation or Listing of the Company's Real Estate Assets
The Company will pay the Advisor an annual subordinated performance fee calculated on the basis of the Company's total return to stockholders, payable annually in arrears, such that for any year in which the Company's total return on stockholders' capital exceeds 6.0% per annum, the Advisor will be entitled to 15.0% of the excess total return but not to exceed 10.0% of the aggregate total return for such year. This fee will be payable only upon the sale of assets, distributions or other event which results in the return on stockholders' capital exceeding 6.0% per annum. No subordinated performance fees were incurred during the three and nine months ended September 30, 2013.
The Company will pay a brokerage commission on the sale of property, not to exceed the lesser of 2.0% of the contract sale price of the property and 50.0% of the total brokerage commission paid if a third party broker is also involved; provided, however, that in no event may the real estate commissions paid to the Advisor, its affiliates and unaffiliated third parties exceed the lesser of 4.5% of the contract sales price and a reasonable, customary and competitive real estate commission, in each case, payable to the Advisor if the Advisor or its affiliates, as determined by a majority of the independent directors, provided a substantial amount of services are provided in connection with the sale. No such fees were incurred during the three and nine months ended September 30, 2013.
If the Company is not simultaneously listed on an exchange, the Company intends to pay the Special Limited Partner a subordinated participation in the net sales proceeds of the sale of real estate assets of 15.0% of remaining net sale proceeds after return of capital contributions to investors plus payment to investors of a 6.0% cumulative, pre-tax non-compounded return on the capital contributed by investors. The Company cannot assure that it will provide this 6.0% return but the Special Limited Partner will not be entitled to the subordinated participation in net sale proceeds unless the Company's investors have received a 6.0% cumulative non-compounded return on their capital contributions. No such fees were incurred during the three and nine months ended September 30, 2013.
If the common stock of the Company is listed on a national exchange, the Company expects to pay the Special Limited Partner a subordinated incentive listing distribution of 15.0% of the amount by which the adjusted market value of real estate assets plus distributions exceeds the aggregate capital contributed by investors plus an amount equal to a 6.0% cumulative, pre-tax non-compounded annual return to investors. The Company cannot assure that it will provide this 6.0% return but the Special Limited Partner will not be entitled to the subordinated incentive listing fee unless investors have received a 6.0% cumulative, pre-tax non-compounded return on their capital contributions. No such fees were incurred during the three and nine months ended September 30, 2013. Neither the Special Limited Partner nor any of its affiliates can earn both the subordinated participation in the net proceeds and the subordinated listing distribution.
Upon termination or non-renewal of the advisory agreement with the Advisor, with or without cause, the Special Limited Partner, through its controlling interest in the Advisor, will be entitled to receive distributions from the OP equal to 15% of the amount by which the sum of the Company's market value plus distributions exceeds the sum of the aggregate capital contributed by investors plus an amount equal to an annual 6% cumulative, pre-tax, non-compounded return to investors. The Special Limited Partner may elect to defer its right to receive a subordinated distribution upon termination until either a listing on a national securities exchange or other liquidity event occurs.

Economic_Dependency

Economic Dependency	9 Months Ended
Economic Dependency	Sep. 30, 2013
Economic Dependency [Abstract]	'
Economic Dependency	'
	Economic Dependency
	Under various agreements, the Company has engaged or will engage the Advisor, its affiliates and entities under common ownership with the Advisor to provide certain services that are essential to the Company, including asset management services, supervision of the management and leasing of properties owned by the Company, asset acquisition and disposition decisions, the sale of shares of the Company's common stock available for issue, transfer agency services, as well as other administrative responsibilities for the Company including accounting services, transaction management services and investor relations.
	As a result of these relationships, the Company is dependent upon the Advisor and its affiliates. In the event that the Advisor and its affiliates are unable to provide the Company with the respective services, the Company will be required to find alternative providers of these services.

ShareBased_Compensation

Share-Based Compensation	9 Months Ended
Share-Based Compensation	Sep. 30, 2013
Share-based Compensation [Abstract]	'
Share-Based Compensation	'
	Share-Based Compensation
	Restricted Share Plan
	The Company has an employee and director incentive restricted share plan (the "RSP"), which provides for the automatic grant of 1,333 restricted shares of common stock to each of the independent directors, without any further action by the Company's board of directors or the stockholders, on the date of initial election to the board of directors and on the date of each annual stockholder's meeting. Restricted stock issued to independent directors will vest over a five-year period following the first anniversary of the date of grant in increments of 20.0% per annum. The RSP provides the Company with the ability to grant awards of restricted shares to the Company's directors, officers and employees (if the Company ever has employees), employees of the Advisor and its affiliates, employees of entities that provide services to the Company, directors of the Advisor or of entities that provide services to the Company, certain consultants to the Company and the Advisor and its affiliates or to entities that provide services to the Company. The total number of common shares granted under the RSP shall not exceed 5.0% of the Company's outstanding shares of common stock on a fully diluted basis at any time and in any event will not exceed 3.4 million shares (as such number may be adjusted for stock splits, stock dividends, combinations and similar events).
	Restricted share awards entitle the recipient to receive shares of common stock from the Company under terms that provide for vesting over a specified period of time or upon attainment of pre-established performance objectives. Such awards would typically be forfeited with respect to the unvested shares upon the termination of the recipient's employment or other relationship with the Company. Restricted shares may not, in general, be sold or otherwise transferred until restrictions are removed and the shares have vested. Holders of restricted shares may receive cash distributions prior to the time that the restrictions on the restricted shares have lapsed. Any distributions payable in shares of common stock shall be subject to the same restrictions as the underlying restricted shares. As of September 30, 2013, there were 3,999 unvested restricted shares issued to independent directors under the RSP at $22.50 per share. There were no such restricted shares outstanding as of December 31, 2012. The fair value of the restricted shares is being expensed over the vesting period of five years. Compensation expense related to restricted stock was approximately $4,000 and $11,000 during the three and nine months ended September 30, 2013, respectively, and is recorded as general and administrative expense in the accompanying statements of operations.
	Other Share-Based Compensation
	The Company may issue common stock in lieu of cash to pay fees earned by the Company's directors at the respective director's election. There are no restrictions on the shares issued since these payments in lieu of cash relate to fees earned for services performed. There were no such shares of common stock issued in lieu of cash during the three and nine months ended September 30, 2013.

Net_Loss_Per_Share

Net Loss Per Share	9 Months Ended
Net Loss Per Share	Sep. 30, 2013
Net Loss Per Share [Abstract]	'
Net Loss Per Share	'
	Net Loss Per Share
	The following is a summary of the basic and diluted net loss per share computation for the three and nine months ended September 30, 2013:


		Three Months Ended			Nine Months Ended
		30-Sep-13			30-Sep-13
	Net loss (in thousands)	$	(399	)	$	(562	)
	Basic and diluted weighted average shares outstanding	2,559,022			991,948
	Basic and diluted weighted average shares outstanding	2,559,022			991,948
	Basic and diluted net loss per share	$	(0.16	)	$	(0.57	)
	The Company had the following common share equivalents as of September 30, 2013, which were excluded from the calculation of diluted loss per share attributable to stockholders as the effect would have been antidilutive:


		September 30, 2013
	Unvested restricted stock	3,999
	Unvested restricted stock	3,999
	Class B units	618
	Class B units	618
	Total common share equivalents	4,617
	Total common share equivalents	4,617

Subsequent_Events

Subsequent Events

9 Months Ended

Sep. 30, 2013

Subsequent Events [Abstract]

Subsequent Events

The Company has evaluated subsequent events through the filing of this Quarterly Report on Form 10-Q, and determined that there have not been any events that have occurred that would require adjustments to disclosures in the consolidated financial statements except for the following transactions:

Sales of Common Stock

As of October 31, 2013, the Company had 5.0 million shares of common stock outstanding, including unvested restricted shares and shares issued pursuant to the DRIP from total gross proceeds from the IPO and the DRIP of $122.7 million. As of October 31, 2013, the aggregate value of all share issuances was $123.7 million based on a per share value of $25.00 (or $23.75 per share for shares issued under the DRIP).

Total capital raised to date, including shares issued under the DRIP, is as follows:

Source of Capital (in thousands)

Inception to September 30, 2013

October 1, 2013 to October 31, 2013

Total

Common stock

93,242

29,478

122,720

Acquisitions

The following table presents certain information about the properties that the Company acquired from October 1, 2013 to October 31, 2013:

Number of Properties

Rentable

Base

Square Feet

Purchase Price (1)

(In thousands)

Portfolio, September 30, 2013

112,672

41,925

Acquisitions

21,603

4,300

Portfolio, October 31, 2013

134,275

46,225

________________________

(1) Contract purchase price, excluding acquisition related costs.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2013
Accounting Policies [Abstract]	'
Development Stage Company	'
	Development Stage Company
	On April 12, 2013, the Company raised proceeds sufficient to break general escrow in connection with its IPO. The Company received and accepted aggregate subscriptions in excess of the minimum offering amount in the IPO of $2.0 million, broke general escrow and issued shares of common stock to the Company's initial investors who were admitted as stockholders of the Company. The Company acquired its first property and commenced real estate operations on May 10, 2013, and, as of such date, is no longer considered to be a development stage company.
Deferred Charges, Policy	'
	Deferred Costs
	Deferred costs consists of deferred offering costs. Deferred offering costs represent professional fees, fees paid to various regulatory agencies, and other costs incurred in connection with registering to sell shares of the Company's common stock. On February 14, 2013, the day the Company commenced the IPO, deferred offering costs were reclassified to stockholders' equity.
New Accounting Pronouncements, Policy	'
	Recent Accounting Pronouncements
	In December 2011, the Financial Accounting Standards Board ("FASB") issued guidance regarding disclosures about offsetting assets and liabilities, which requires an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. The guidance is effective for fiscal years and interim periods beginning on or after January 1, 2013 with retrospective application for all comparative periods presented. The adoption of this guidance, which is related to disclosure only, did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In July 2012, the FASB issued revised guidance intended to simplify how an entity tests indefinite-lived intangible assets for impairment. The amendments will allow an entity first to assess qualitative factors to determine whether it is necessary to perform a quantitative impairment test. An entity will no longer be required to calculate the fair value of an indefinite-lived intangible asset and perform the quantitative test unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. The amendments are effective for annual and interim indefinite-lived intangible asset impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. The adoption of this guidance did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In February 2013, the FASB issued guidance which requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. The guidance is effective for annual and interim periods beginning after December 15, 2012 with early adoption permitted. The adoption of this guidance, which is related to disclosure only, did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In February 2013, the FASB issued new accounting guidance clarifying the accounting and disclosure requirements for obligations resulting from joint and several liability arrangements for which the total amount under the arrangement is fixed at the reporting date. The new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2013. The Company does not expect the adoption of this guidance to have a material impact on the Company's consolidated financial position, results of operations or cash flows.

Real_Estate_Investments_Tables

Real Estate Investments (Tables)	9 Months Ended
	Sep. 30, 2013
Real Estate Investments, Net [Abstract]	'
Schedule of Business Acquisitions, by Acquisition	'
	The following table presents the allocation of the assets acquired during the nine months ended September 30, 2013:


		Nine Months Ended
	(Dollar amounts in thousands)	September 30, 2013
	Real estate investments, at cost:
	Land	$	2,279

	Buildings, fixtures and improvements	34,291

	Total tangible assets	36,570

	Acquired intangibles:
	In-place leases	5,180

	Above-market lease assets	236

	Below-market lease liability	(61		)
	Total assets acquired, net	41,925

	Other liabilities assumed	(91		)
	Cash paid for acquired real estate investments	$	41,834

	Number of properties purchased	6

Business Acquisition, Pro Forma Information	'
	The following table presents unaudited pro forma information as if the acquisitions during the nine months ended September 30, 2013, had been consummated on October 15, 2012 (date of inception). Additionally, the unaudited pro forma net loss attributable to stockholders was adjusted to reclass acquisition and transaction related expense of $0.7 million from the nine months ended September 30, 2013 to October 15, 2012.


		Nine Months Ended
	(In thousands)	September 30, 2013
	Pro forma revenues	$	3,178

	Pro forma net income	$	736

Schedule of Future Minimum Rental Payments for Operating Leases	'
	The following table presents future minimum base rental cash payments due to the Company over the next five years and thereafter. These amounts exclude contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes among other items.


	(In thousands)	Future Minimum
		Base Rent Payments
	October 1, 2013 — December 31, 2013	$	816

	2014	3,301

	2015	3,361

	2016	3,423

	2017	3,399

	Thereafter	22,057

		$	36,357

Schedule of Annualized Rental Income by Major Tenants	'
	The following table lists the tenants (including for this purpose, all affiliates of such tenants) whose annualized rental income on a straight-line basis represented greater than 10% of total annualized rental income for all properties on a straight-line basis as of September 30, 2013:


		September 30,
	Tenant	2013
	Adena Health System	11.90%
	Advocate Health and Hospitals Corporation	12.00%
	HH/Killeen Health System, LLC	14.10%
	IASIS Healthcare, LLC	16.90%
	National Mentor Holdings, Inc.	27.40%
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas	'
	The following table lists the states where the Company has concentrations of properties where annualized rental income on a straight-line basis represented greater than 10% of consolidated annualized rental income for all properties on a straight-line basis as of September 30, 2013:


		September 30,
	State	2013
	Colorado	27.40%
	Illinois	25.30%
	Louisiana	16.90%
	Ohio	11.90%
	Texas	14.10%

Related_Party_Transactions_and1

Related Party Transactions and Arrangements (Tables)	9 Months Ended
	Sep. 30, 2013
Related Party Transactions and Arrangements [Abstract]	'
Schedule of Selling Commissions and Dealer Manager Fees Payable to Affiliate	'
	The following table details total selling commissions and dealer manager fees incurred from and due to the Dealer Manager as of and for the periods presented:


						Payable as of
		Three Months Ended		Nine Months Ended		September 30,		December 31,
	(In thousands)	September 30, 2013		September 30, 2013		2013		2012
	Total commissions and fees incurred from the Dealer Manager	$	5,947	$	8,692	$	71	$	—

Schedule Of Offering Costs Reimbursements to Related Party	'
	The following table details offering costs and reimbursements incurred from and due to the Advisor and Dealer Manager as of and for the periods presented:


						Payable as of
		Three Months Ended		Nine Months Ended		September 30,		December 31,
	(In thousands)	September 30, 2013		September 30, 2013		2013		2012
	Fees and expense reimbursements from the Advisor and Dealer Manager	$	538	$	1,253	$	74	$	—

Schedule of Amount Contractually Due and Forgiven in Connection With Operation Related Services	'
	The following table details amounts incurred, forgiven and payable in connection with the Company's operations-related services described above as of and for the periods presented:


		Three Months Ended				Nine Months Ended				Payable as of
		September 30, 2013				September 30, 2013				September 30,		December 31,
	(In thousands)	Incurred		Forgiven		Incurred		Forgiven		2013		2012
	One-time fees and reimbursements:
	Acquisition fees and related cost reimbursements	$	457	$	—	$	541	$	—	$	—	$	—

	Financing coordination fees	—		—		—		—		—		—

	Other expense reimbursements	—		—		—		—		—		—

	Ongoing fees:
	Property management and leasing fees	—		9		—		9		—		—

	Strategic advisory fees	152		—		180		—		180		—

	Distributions on Class B Units	—		—		—		—		—		—

	Total related party operation fees and reimbursements	$	609	$	9	$	721	$	9	$	180	$	—

Schedule of General and Administrative Expenses Absorbed by Affiliate	'
	The following table details property operating and general and administrative expenses absorbed by the Advisor during the three and nine months ended September 30, 2013. These costs are presented net in the accompanying consolidated statements of operations and comprehensive loss.


		Three Months Ended		Nine Months Ended
	(In thousands)	September 30, 2013		September 30, 2013
	Property operating expenses absorbed	$	—	$	—

	General and administrative expenses absorbed	302		479

	Total expenses absorbed (1)	$	302	$	479

	_________________
	(1) The Company had a receivable from affiliates of $0.5 million as of September 30, 2013 related to absorbed general and administrative expenses. As of December 31, 2012, there was no such receivable.

Net_Loss_Per_Share_Tables

Net Loss Per Share (Tables)	9 Months Ended
Net Loss Per Share (Tables)	Sep. 30, 2013
Net Loss Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted	'
	The following is a summary of the basic and diluted net loss per share computation for the three and nine months ended September 30, 2013:


		Three Months Ended			Nine Months Ended
		30-Sep-13			30-Sep-13
	Net loss (in thousands)	$	(399	)	$	(562	)
	Basic and diluted weighted average shares outstanding	2,559,022			991,948
	Basic and diluted weighted average shares outstanding	2,559,022			991,948
	Basic and diluted net loss per share	$	(0.16	)	$	(0.57	)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	'
	The Company had the following common share equivalents as of September 30, 2013, which were excluded from the calculation of diluted loss per share attributable to stockholders as the effect would have been antidilutive:


		September 30, 2013
	Unvested restricted stock	3,999
	Unvested restricted stock	3,999
	Class B units	618
	Class B units	618
	Total common share equivalents	4,617
	Total common share equivalents	4,617

Subsequent_Events_Tables

Subsequent Events (Tables)	9 Months Ended
	Sep. 30, 2013
Subsequent Events [Abstract]	'
Schedule of Subsequent Events	'
	The following table presents certain information about the properties that the Company acquired from October 1, 2013 to October 31, 2013:


		Number of Properties		Rentable			Base
				Square Feet			Purchase Price (1)
							(In thousands)
	Portfolio, September 30, 2013	6		112,672			$	41,925

	Acquisitions	1		21,603			4,300

	Portfolio, October 31, 2013	7		134,275			$	46,225

	________________________
	(1) Contract purchase price, excluding acquisition related costs.
	Total capital raised to date, including shares issued under the DRIP, is as follows:


	Source of Capital (in thousands)	Inception to September 30, 2013			October 1, 2013 to October 31, 2013				Total
	Common stock	$	93,242		$	29,478			$	122,720

Organization_and_Propesed_Busi

Organization and Propesed Business Operations (Details) (USD $)	0 Months Ended	3 Months Ended	9 Months Ended	12 Months Ended
	Apr. 13, 2013	Dec. 31, 2012	Sep. 30, 2013	Sep. 30, 2013	Apr. 09, 2013	Oct. 14, 2012
			property	property
			sqft	sqft
Operations [Line Items]	'	'	'	'	'	'
Stock Available for Issuance, Value, Initial Public Offering	'	'	'	'	'	$1,700,000,000
Common stock, par value, in dollars per share	'	$0.01	$0.01	$0.01	'	$0.01
Share Price	'	'	'	'	$25	'
Common stock, shares outstanding	'	8,888	3,764,547	3,764,547	'	'
Initial Public Offering, Subscriptions Required To Break Escrow, Minimum	2,000,000	'	'	'	'	'
Proceeds from issuance of common stock	'	200,000	91,923,000	93,200,000	'	'
Common Stock, Value, Outstanding	'	'	94,000,000	94,000,000	'	'
Payments to Acquire Real Estate	'	'	41,834,000	'	'	'
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest, Units	'	'	'	'	'	90
Number of Real Estate Properties	'	'	6	6	'	'
Area of Real Estate Property	'	'	112,672	112,672	'	'
Real Estate Property, Occupancy Rate	'	'	100.00%	100.00%	'	'
Real Estate Property, Weighted Average Remaining Lease Term	'	'	'10 years 2 months 12 days	'	'	'
Common Stock [Member]	'	'	'	'	'	'
Operations [Line Items]	'	'	'	'	'	'
Share Price	'	'	$25	$25	'	$25
Shares available for issuance under a distribution reinvestment plan, shares	'	'	'	'	'	14,700,000
Share Price, Dividend Reinvestment Plan	'	'	$23.75	$23.75	'	'
Minimum [Member]	'	'	'	'	'	'
Operations [Line Items]	'	'	'	'	'	'
Payments to Acquire Real Estate	'	'	'	2,000,000,000	'	'
Minimum [Member] \| Common Stock [Member]	'	'	'	'	'	'
Operations [Line Items]	'	'	'	'	'	'
Share Price, Dividend Reinvestment Plan	'	'	'	'	'	$23.75
Share Price, Dividend Reinvestment Plan, Percentage of Estimated Value of Common Stock	'	'	'	'	'	95.00%
American Realty Capital Healthcare II Special Limited Partner, LLC [Member] \| Special Limited Partner [Member]	'	'	'	'	'	'
Operations [Line Items]	'	'	'	'	'	'
Limited Partners' Contributed Capital	'	'	'	'	'	$2,020

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Details) (USD $)	0 Months Ended
In Millions, unless otherwise specified	Apr. 13, 2013
Summary of Sigificant Accounting Policies [Abstract]	'
Initial Public Offering, Subscriptions Required To Break Escrow, Minimum	$2

Real_Estate_Investments_Detail

Real Estate Investments (Details) (USD $)	3 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2013
	Sep. 30, 2013	property
Real estate investments	'	'
Land	'	$2,279
Buildings, fixtures and improvements	'	34,291
Total tangible assets	'	36,570
Total assets acquired, net	'	41,925
Other liabilities assumed	'	-91
Cash paid for acquired real estate investments	'	41,834
Number of properties purchased	'	6
Acquisition and transaction related	533	651
Pro forma revenues	'	3,178
Pro forma net income	'	736
October 1, 2013 b December 31, 2013	816	816
2014	3,301	3,301
2015	3,361	3,361
2016	3,423	3,423
2017	3,399	3,399
Thereafter	22,057	22,057
Total	36,357	36,357
In-place leases	'	'
Real estate investments	'	'
Acquired intangibles	'	5,180
Above Market Leases [Member]	'	'
Real estate investments	'	'
Acquired intangibles	'	236
Below Market Lease [Member]	'	'
Real estate investments	'	'
Acquired intangibles	'	($61)
Adena Health System	'	'
Real estate investments	'	'
Concentration Risk, Percentage	'	11.90%
Advocate Health and Hospitals Corporation [Member]	'	'
Real estate investments	'	'
Concentration Risk, Percentage	'	12.00%
HH/Killen Health System, LLC [Member]	'	'
Real estate investments	'	'
Concentration Risk, Percentage	'	14.10%
IASIS Healthcare, LLC [Member]	'	'
Real estate investments	'	'
Concentration Risk, Percentage	'	16.90%
National Mentor Holdings, Inc [Member]	'	'
Real estate investments	'	'
Concentration Risk, Percentage	'	27.40%
COLORADO	'	'
Real estate investments	'	'
Entity Wide Revenue, Major State, Percentage	'	27.40%
ILLINOIS	'	'
Real estate investments	'	'
Entity Wide Revenue, Major State, Percentage	'	25.30%
LOUISIANA	'	'
Real estate investments	'	'
Entity Wide Revenue, Major State, Percentage	'	16.90%
OHIO	'	'
Real estate investments	'	'
Entity Wide Revenue, Major State, Percentage	'	11.90%
TEXAS	'	'
Real estate investments	'	'
Entity Wide Revenue, Major State, Percentage	'	14.10%

Common_Stock_Schedule_of_Stock

Common Stock (Schedule of Stock by Class) (Details) (USD $)	0 Months Ended	3 Months Ended	9 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Apr. 10, 2013	Dec. 31, 2012	Sep. 30, 2013	Sep. 30, 2013	Apr. 09, 2013
Stockholders' Equity Note [Abstract]	'	'	'	'	'
Common stock, shares outstanding	'	8,888	3,764,547	3,764,547	'
Proceeds from issuance of common stock	'	$200	$91,923	$93,200	'
Share Price	'	'	'	'	$25
Common Stock, Dividends, Per Share Per Day, Declared	$0.00	'	'	'	'

Related_Party_Transactions_and2

Related Party Transactions and Arrangements (Details) (USD $)

9 Months Ended

12 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2013

Apr. 09, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dealer Manager [Member]

Advisor [Member]

Special Limited Partner [Member]

Maximum [Member]

Gross Proceeds, Common Stock [Member]

Contract Purchase Price [Member]

Advance on Loan or Other Investment [Member]

Contract Purchase Price, All Assets Acquired [Member]

Gross Revenue, Managed Properties [Member]

Average Invested Assets [Member]

Pre-tax Non-compounded Return on Capital Contribution [Member]

Excess of Adjusted Market Value of Real Estate Assets Plus Distributions Over Aggregate Contributed Investor Capital [Member]

Net Sale Proceeds, after Return of Capital Contributions and Annual Targeted Investor Return [Member]

Amount Available or Outstanding Under Financing Arrangement [Member]

Gross Revenue, Stand-alone Single-tenant Net Leased Properties [Member]

Gross Revenue, Excluding Stand-alone Single-tenant Net Leased Properties [Member]

Absorbed General and Administrative Expenses [Member]

Property operating expenses absorbed [Member]

Strategic Advisory Fees [Member]

Fees and Expense Reimbursement, Stock Offering [Member]

Sales Commissions and Dealer Manager Fees [Member]

Acquisition and Related Expenses [Member]

Annual Targeted Investor Return [Member]

Brokerage Commission Fees [Member]

Real Estate Commissions [Member]

Option One [Member]

Option Two [Member]

Greater Of [Member]

Sales Commissions and Dealer Manager Fees [Member]

Greater Of [Member]

Payable [Member]

Forgiven [Member]

Incurred [Member]

Nonrecurring Fees [Member]

Recurring Fees [Member]

Class B Units [Member]

American Realty Capital Healthcare II Advisors, LLC [Member]

Maximum [Member]

Advisor [Member]

Maximum [Member]

Advisor [Member]

Maximum [Member]

Advisor [Member]

Maximum [Member]

Advisor [Member]

Advisor and Dealer Manager [Member]

Dealer Manager [Member]

Pre-tax Non-compounded Return on Capital Contribution [Member]

Contract Sales Price [Member]

Gross Proceeds, Common Stock [Member]

Average Invested Assets [Member]

Net Income, Excluding Additions to Non-cash Reserves and Gains on Sales of Assets [Member]

Brokerage Commission Fees [Member]

Operation Fees and Reimbursements [Member]

Fees and Expense Reimbursement, Stock Offering [Member]

Sales Commissions and Dealer Manager Fees [Member]

Operation Fees and Reimbursements [Member]

Payable [Member]

Forgiven [Member]

Incurred [Member]

Payable [Member]

Forgiven [Member]

Incurred [Member]

Dealer Manager [Member]

American Realty Capital Healthcare II Advisors, LLC [Member]

Advisor [Member]

American Realty Capital Healthcare II Advisors, LLC [Member]

Advisor [Member]

American Realty Capital Healthcare II Advisors, LLC [Member]

Advisor [Member]

American Realty Capital Healthcare II Advisors, LLC [Member]

American Realty Capital Healthcare II Advisors, LLC and Realty Capital Securities, LLC [Member]

Realty Capital Securities, LLC [Member]

Advisor [Member]

Maximum [Member]

Dealer Manager [Member]

Maximum [Member]

Contract Sales Price [Member]

Advisor and Dealer Manager [Member]

Dealer Manager [Member]

Other Expense Reimbursements [Member]

Financing Coordination Fees [Member]

Acquisition and Related Expenses [Member]

Other Expense Reimbursements [Member]

Financing Coordination Fees [Member]

Acquisition and Related Expenses [Member]

Other Expense Reimbursements [Member]

Financing Coordination Fees [Member]

Acquisition and Related Expenses [Member]

Distributions On Class B Units [Member]

Strategic Advisory Fees [Member]

Property Management and Leasing Fees [Member]

Distributions On Class B Units [Member]

Strategic Advisory Fees [Member]

Property Management and Leasing Fees [Member]

Distributions On Class B Units [Member]

Strategic Advisory Fees [Member]

Property Management and Leasing Fees [Member]

Realty Capital Securities, LLC [Member]

American Realty Capital Healthcare II Advisors, LLC [Member]

Advisor [Member]

Dealer Manager [Member]

Participating Broker-Dealer [Member]

Realty Capital Securities, LLC [Member]

Advisor [Member]

Maximum [Member]

American Realty Capital Healthcare II Advisors, LLC and Realty Capital Securities, LLC [Member]

Realty Capital Securities, LLC [Member]

American Realty Capital Healthcare II Advisors, LLC [Member]

Realty Capital Securities, LLC [Member]

American Realty Capital Healthcare II Advisors, LLC [Member]

Advisor [Member]

American Realty Capital Healthcare II Advisors, LLC [Member]

Related Party Transaction [Line Items]

Common stock held by related party, in shares

8,888

Due to Affiliate

$5,000

$400,000

Sales commissions as a percentage of benchmark

7.00%

2.50%

Related Party Transaction, Gross Proceeds from the Salse of Common Stock, Before Allowances, Percentage of Benchmark

3.00%

Brokerage fee as a percentage of benchmark

7.50%

Brokerage fees as a percentage of benchmark, initial grant

2.50%

Brokerage fees as a percentage of benchmark, periodic payment

1.00%

Related Party Transaction, Expenses from Transactions with Related Party

538,000

1,253,000

5,947,000

8,692,000

180,000

74,000

71,000

9,000

609,000

721,000

457,000

541,000

180,000

9,000

152,000

180,000

Liability for offering and related costs from IPO

2.00%

Related Party Transactions, Aggregate Costs Borne by Related Party

1,200,000

Aggregate Offering Costs, as a Percentage of Gross Common Stock Proceeds

15.00%

Cumulative Offering Costs, Gross

11,800,000

Acquisition fees as a percentage of benchmark

1.00%

4.50%

1.50%

Financing advance fees as a percentage of benchmark

1.00%

4.50%

Financing advance fees as a percentage of benchmark, expected third party costs

0.50%

Related Party Transaction, Financing Coordination Fees Earned by Related Party, Percentage of Benchmark

0.75%

Related Party Transaction, Quarterly Asset Management Fee Earned By Related Party, Percentage of Benchmark

0.19%

Share Price

$25

$22.50

Oversight fees as a percentage of benchmark

0.75%

Cumulative capital investment return to investors as a percentage of benchmark

6.00%

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount

4,617

618

Related Party Transaction, Property Management Fees Earned by Related Party, Percentage of Benchmark

1.50%

2.50%

Related Party Transaction, Oversight Fees Earned by Related Party, Percentage of Benchmark

1.00%

Operating expenses as a percentage of benchmark

2.00%

25.00%

Related Party Transaction, Amounts of Transaction

302,000

[1]

479,000

[1]

302,000

479,000

Due from Affiliates

$500,000

Subordinated performance fee as a percentage of benchmark

15.00%

10.00%

15.00%

Real estate commissions as a percentage of benchmark

2.00%

4.50%

50.00%

Subordinated participation fees as a percentage of benchmark

15.00%

Related Party Transaction, Distribution Upon Nonrenewal of Advisory Agreement, Percentage of Benchmark

15.00%

Amortization Period of Related Party Fee, In Months

'32 months

[1]

The Company had a receivable from affiliates of $0.5 million as of SeptemberB 30, 2013 related to absorbed general and administrative expenses. As of DecemberB 31, 2012, there was no such receivable.

ShareBased_Compensation_Detail

Share-Based Compensation (Details) (USD $)	3 Months Ended	9 Months Ended	12 Months Ended
Share-Based Compensation (Details) (USD $)	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Restricted share vesting period	'	'5 years	'	'
Share-based compensation	'	$11,000	'	'
Restricted Share Plan [Member] \| Restricted Stock [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Shares granted automatically upon election to board of directors, in shares	1,333	1,333	1,333	'
Periodic vesting percentage	20.00%	20.00%	20.00%	'
Maximum authorized amount as a percentage of shares authorized	'	'	5.00%	'
Number of shares authorized, in shares	3,400,000	3,400,000	3,400,000	'
Shares issued	3,999	3,999	3,999	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$22.50	$22.50	$22.50	'
Restricted share vesting period	'	'5 years	'	'
Share-based compensation	$4,000	$11,000	'	'

Net_Loss_Per_Share_Details

Net Loss Per Share (Details) (USD $)	3 Months Ended	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2013
Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]	'	'
Net loss	($399)	($562)
Basic and diluted weighted average shares outstanding	2,559,022	991,948
Basic and diluted net loss per share	($0.16)	($0.57)
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	'	4,617
Restricted Stock [Member]	'	'
Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	'	3,999
Class B Units [Member]	'	'
Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	'	618

Subsequent_Events_Details

Subsequent Events (Details) (USD $)

3 Months Ended

9 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

Dec. 31, 2012

Sep. 30, 2013

Apr. 09, 2013

Oct. 31, 2013

Sep. 30, 2013

Oct. 31, 2013

sqft

Subsequent Event [Member]

Portfolio, September 30, 2013

Acquisitions

Portfolio, October 31, 2013

property

Subsequent Event [Member]

sqft

property

Subsequent Event [Line Items]

Common Stock, Shares, Outstanding

8,888

3,764,547

5,000,000

Proceeds from Issuance of Common Stock

$200,000

$91,923,000

$93,200,000

$122,700,000

Common Stock, Value, Outstanding

94,000,000

123,700,000

Share Price

$25

Share Price, Dividend Reinvestment Plan

$23.75

Stock Issued During Period, Value, New Issues

92,657,000

93,242,000

29,478,000

122,720,000

Number of Real Estate Properties

Area of Real Estate Property

112,672

21,603

134,275

Real Estate Investment, Aggregate Purchase Price

$41,925,000

[1]

$41,925,000

[1]

$4,300,000

[1]

$46,225,000

[1]

Contract purchase price, excluding acquisition related costs.