National Healthcare Properties (NHPBP) 10-Q 7 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Jul. 31, 2014
Document - Document and Entity Information [Abstract]	'	'
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-Jun-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	71,121,993

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Real estate investments, at cost:	'	'
Land	$19,200	$3,220
Buildings, fixtures and improvements	146,844	37,114
Acquired intangible lease assets	20,148	5,952
Total real estate investments, at cost	186,192	46,286
Less: accumulated depreciation and amortization	-4,378	-1,094
Total real estate investments, net	181,814	45,192
Cash and cash equivalents	964,327	111,833
Restricted cash	1,900	0
Receivable for sale of common stock	26,342	1,286
Prepaid expenses and other assets	14,531	1,888
Deferred costs	4,702	7
Total assets	1,193,616	160,206
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'
Mortgage notes payable	59,325	0
Mortgage premiums, net	2,970	0
Below-market lease liabilities, net	352	57
Accounts payable and accrued expenses	6,168	962
Deferred rent and other liabilities	466	46
Distributions payable	6,498	992
Total liabilities	75,779	2,057
Preferred stock, $0.01 par value, 50,000,000 authorized, none issued and outstanding at June 30, 2014 and December 31, 2013	0	0
Common stock, $0.01 par value, 300,000,000 shares authorized, 52,057,557 and 7,529,789 shares issued and outstanding as of June 30, 2014 and December 31, 2013, respectively	521	75
Additional paid-in capital	1,146,943	161,952
Accumulated deficit	-29,627	-3,878
Total stockholders' equity	1,117,837	158,149
Total liabilities and stockholders' equity	$1,193,616	$160,206

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Preferred stock, par value (usd per share)	$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 (usd per share)	$0.01	$0.01
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	52,057,557	7,529,789
Common stock, shares outstanding	52,057,557	7,529,789

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenues:	'	'	'	'
Rental income	$2,314	$26	$3,441	$26
Operating expense reimbursements	555	1	815	1
Total revenues	2,869	27	4,256	27
Expenses:	'	'	'	'
Property operating	735	1	1,029	1
Acquisition and transaction related	2,599	118	3,003	118
General and administrative	579	8	991	55
Depreciation and amortization	2,381	16	3,238	16
Total expenses	6,294	143	8,261	190
Operating loss	-3,425	-116	-4,005	-163
Other income (expense):	'	'	'	'
Interest expense	-742	0	-745	0
Other income	20	0	21	0
Total other expense	-722	0	-724	0
Net loss	-4,147	-116	-4,729	-163
Comprehensive loss	($4,147)	($116)	($4,729)	($163)
Basic and diluted weighted-average shares outstanding (in shares)	35,127,969	379,911	24,435,162	195,425
Basic and diluted net loss per share (usd per share)	($0.12)	($0.31)	($0.19)	($0.83)

CONSOLIDATED_STATEMENT_OF_STOC

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit
In Thousands, except Share data, unless otherwise specified
Beginning Balance at Dec. 31, 2013	$158,149	$75	$161,952	($3,878)
Beginning Balance (in shares) at Dec. 31, 2013	'	7,529,789	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'
Issuance of common stock (in shares)	'	44,189,838	'	'
Issuance of common stock	1,099,484	443	1,099,041	'
Common stock offering costs, commissions and dealer manager fees	-121,978	'	-121,978	'
Common stock issued through distribution reinvestment plan (in shares)	'	341,341	'	'
Common stock issued through distribution reinvestment plan	8,107	3	8,104	'
Common Stock Redemptions (in shares)	'	-8,014	'	'
Common stock repurchases	-200	'	-200	'
Share-based compensation (in shares)	'	4,603	'	'
Equity-based compensation	24	'	24	'
Distributions declared	-21,020	'	'	-21,020
Net loss	-4,729	'	'	-4,729
Ending Balance at Jun. 30, 2014	$1,117,837	$521	$1,146,943	($29,627)
Ending Balance (in shares) at Jun. 30, 2014	'	52,057,557	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Net loss	($4,729)	($163)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation	2,286	13
Amortization of intangibles	952	3
Amortization of deferred financing costs	382	0
Amortization of mortgage premiums	-106	0
Accretion of below-market lease liability and amortization of above-market lease assets, net	37	0
Share-based compensation	24	7
Changes in assets and liabilities:	'	'
Prepaid expenses and other assets	32	-40
Accounts payable and accrued expenses	1,840	100
Deferred rent and other liabilities	420	48
Net cash provided by (used in) operating activities	1,138	-32
Cash flows from investing activities:	'	'
Investment in real estate and other assets	-76,762	-7,366
Deposits for real estate acquisitions	-12,060	0
Net cash used in investing activities	-88,822	-7,366
Cash flows from financing activities:	'	'
Payments of mortgage notes payable	-70	0
Payments of deferred financing costs	-5,060	0
Proceeds from issuance of common stock	1,074,428	28,182
Common stock repurchases	-40	0
Payments of offering costs and fees related to common stock issuances	-119,141	-3,633
Distributions paid	-7,407	-7
Payments to affiliate	-632	-97
Restricted cash	-1,900	0
Net cash provided by financing activities	940,178	24,445
Net change in cash	852,494	17,047
Cash, beginning of period	111,833	3
Cash, end of period	964,327	17,050
Supplemental Disclosures:	'	'
Supplemental Disclosures:	99	0
Cash paid for taxes	161	1
Non-Cash Financing Activities:	'	'
Proceeds from mortgage notes payable used to acquire investments in real estate	59,395	0
Premiums on assumed mortgage notes payable	3,076	0
Liabilities assumed in real estate acquisitions	369	0
Common stock issued through distribution reinvestment plan	8,107	9
Reclassification of deferred offering costs to equity	$0	$807

Organization

Organization	6 Months Ended
	Jun. 30, 2014
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 elect and qualify to be taxed as a real estate investment trust for U.S. federal income tax purposes beginning with the taxable year ended 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. The Company reserves the right to reallocate shares covered in the Registration Statement between the IPO and the DRIP. On July 23, 2014, the Company announced the reallocation of 13.9 million shares of the 14.2 million remaining unsold shares available pursuant to the DRIP. On August 1, 2014, the Company registered an additional 25.0 million shares to be issued under the DRIP pursuant to a registration statement on Form S-3 (File No. 333-197802).
	As of June 30, 2014, the Company had 52.1 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 $1.3 billion. As of June 30, 2014, the aggregate value of all share issuances and subscriptions of common stock outstanding was $1.3 billion based on a per share value of $25.00 (or $23.75 for shares issued under the DRIP). Until the filing of the Company's second quarterly financial filing with the SEC pursuant to the Securities Act of 1934, as amended, following February 14, 2015, which is two years from the effective date of the IPO, 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 $23.75 per share, which is equal to 95% of the per share offering price in the IPO. Thereafter, 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 was formed to acquire a diversified portfolio of healthcare-related real estate assets, including medical office buildings, seniors housing communities 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 June 30, 2014, the Company owned 24 properties consisting of 0.7 million rentable square feet, which were 93.9% leased, with a weighted-average remaining lease term of 6.6 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 controlled by the Company's sponsor, American Realty Capital VII, LLC (the "Sponsor"), contributed $2,020 to the OP in exchange for 90 OP units, which represents 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 direct 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, the Property Manager and the Dealer Manager are under common control with the parent of the Sponsor, as a result of which, they are related parties, and each of which have or 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 have or will also 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	6 Months Ended
	Jun. 30, 2014
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 six months ended June 30, 2014 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, and for the year ended December 31, 2013, which are included in the Company's Annual Report on Form 10-K filed with the SEC on March 6, 2014. There have been no significant changes to Company's significant accounting policies during the six months ended June 30, 2014 other than the updates described below.
	Recent Accounting Pronouncements
	In February 2013, the Financial Accounting Standards Board ("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 was effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2013. 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 April 2014, the FASB amended the requirements for reporting discontinued operations. Under the revised guidance, in addition to other disclosure requirements, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results when the component or group of components meets the criteria to be classified as held for sale, disposed of by sale or other than by sale. The Company has adopted the provisions of this guidance effective January 1, 2014, and have applied the provisions prospectively. 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 May 2014, the FASB issued revised guidance relating to revenue recognition. Under the revised guidance, an entity is required to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The revised guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is not permitted under GAAP. The revised guidance allows entities to apply the full retrospective or modified retrospective transition method upon adoption. The Company has not yet selected a transition method and is currently evaluating the impact of the new guidance.

Real_Estate_Investments

Real Estate Investments	6 Months Ended
	Jun. 30, 2014
Real Estate Investments, Net [Abstract]	'
Real Estate Investments	'
	Real Estate Investments
	The following table presents the allocation of the assets acquired during the six months ended June 30, 2014 and 2013:
		Six Months Ended June 30,
	(Dollar amounts in thousands)	2014			2013
	Real estate investments, at cost:
	Land	$	15,980		$	409
	Buildings, fixtures and improvements	109,729			6,047
	Total tangible assets	125,709			6,456
	Acquired intangibles:
	In-place leases	13,989			910
	Above-market lease assets	207			—
	Below-market lease liabilities	(303		)	—
	Total assets acquired, net	139,602			7,366
	Mortgage notes payable assumed to acquire real estate investments	(59,395		)	—
	Premiums on mortgages assumed	(3,076		)	—
	Other liabilities assumed	(369		)	—
	Cash paid for acquired real estate investments	$	76,762		$	7,366
	Number of properties purchased	17			2
	The allocation to land, buildings, fixtures and improvements have been provisionally assigned to each class, pending receipt of additional information. The following table presents unaudited pro forma information as if the acquisitions during the six months ended June 30, 2014, had been consummated on January 1, 2013. Additionally, the unaudited pro forma net loss was adjusted to exclude acquisition and transaction related expense of $3.0 million from the six months ended June 30, 2014.
		Six Months Ended June 30,
	(In thousands)	2014			2013
	Pro forma revenues	$	9,380		$	8,854
	Pro forma net loss	$	(2,785	)	$	(1,849	)
	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
	July 1, 2014 — December 31, 2014	$	7,181
	2015	13,853
	2016	12,171
	2017	11,582
	2018	9,977
	Thereafter	40,730
		$	95,494
	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 10% or more of total annualized rental income for all properties on a straight-line basis as of June 30, 2014 and 2013:
		June 30,
	Tenant	2014		2013
	Adena Health System	*		72.60%
	Fresenius Medical Care AG & Co. KGaA	*		27.40%
	_______________________________
	* Tenant's annualized rental income on a straight-line bases was not greater than 10% of total annualized rental income for all portfolio properties as of the period specified
	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 on a straight-line basis for all properties as of June 30, 2014 and 2013:
		June 30,
	State	2014		2013
	Alabama	*		27.40%
	Florida	14.00%		*
	Georgia	10.00%		*
	Illinois	11.70%		*
	New York	26.80%		*
	Ohio	*		72.60%
	_______________________________
	* State's annualized rental income on a straight-line bases was not greater than 10% of total annualized rental income for all portfolio properties as of the period specified

Revolving_Credit_Facility

Revolving Credit Facility	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Revolving Credit Facility	'
	Revolving Credit Facility
	On March 21, 2014, the Company entered into a senior secured credit facility in the amount of $50.0 million (the "Credit Facility"). On April 15, 2014, the Company entered into an increase letter, increasing the amount available under the Credit Facility to $200.0 million. The Credit Facility contains an "accordion" feature to allow the Company, under certain circumstances, to increase the aggregate commitments under the Credit Facility to a maximum of $450.0 million.
	The Company has the option, based upon its leverage, to have the Credit Facility priced at either: (a) LIBOR, plus an applicable margin that ranges from 1.60% to 2.20%; or (b) the Base Rate, plus an applicable margin that ranges from 0.35% to 0.95%. Base Rate is defined in the Credit Facility as the greatest of (i) the fluctuating annual rate of interest announced from time to time by the lender as its “prime rate,” (ii) 0.5% above the federal funds effective rate or (iii) the applicable one-month LIBOR plus 1.0%.
	The Credit Facility provides for monthly interest payments for each Base Rate loan and periodic payments for each LIBOR loan, based upon the applicable LIBOR loan period, with all principal outstanding being due on the maturity date on March 21, 2017, subject to two one-year extension options. The Credit Facility may be prepaid at any time, in whole or in part, without premium or penalty (subject to standard breakage costs). In the event of a default, the lender has the right to terminate its obligations under the Credit Facility and to accelerate the payment on any unpaid principal amount of all outstanding loans.
	Availability of borrowings is based on a pool of eligible unencumbered real estate assets. The Company did not have any borrowing capacity as of June 30, 2014, as there were no assets assigned to the borrowing base of the Credit Facility as of June 30, 2014. There were no advances outstanding as of June 30, 2014.
	The Credit Facility requires the Company to meet certain financial covenants, including the maintenance of certain financial ratios (such as specified debt to equity and debt service coverage ratios) as well as the maintenance of a minimum net worth. As of June 30, 2014, the Company was in compliance with the financial covenants under the Credit Facility agreement.

Mortgage_Notes_Payable

Mortgage Notes Payable	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Mortgage Notes Payable	'
	Mortgage Notes Payable
	The following table reflects the Company's mortgage notes payable as of June 30, 2014. The Company had no mortgage notes payable as of December 31, 2013.
				Outstanding Loan Amount as of		Effective Interest Rate
	Portfolio	Encumbered Properties		June 30, 2014				Interest Rate		Maturity
				(In thousands)
	Creekside Medical Office Building - Douglasville, GA	1		$	5,218	5.32	%	Fixed		Sep. 2015
	Bowie Gateway Medical Center - Bowie, MD	1		6,096		6.18	%	Fixed		Sep. 2016
	Medical Center of New Windsor - New Windsor, NY	1		8,885		6.39	%	Fixed		Sep. 2017
	Plank Medical Center - Clifton Park, NY	1		3,526		6.39	%	Fixed		Sep. 2017
	Cushing Center - Schenectady, NY	1		4,336		5.71	%	Fixed		Feb. 2016
	Countryside Medical Arts - Safety Harbor, FL	1		6,116		6.07	%	Fixed	(1)	Apr. 2019
	St. Andrews Medical Park, Venice, FL	3		6,760		6.07	%	Fixed	(1)	Apr. 2019
	Campus at Crooks & Auburn Building C - Rochester Hills, MI	1		3,659		5.91	%	Fixed		Apr. 2016
	Slingerlands Crossing Phase I - Bethlehem, NY	1		6,806		6.39	%	Fixed		Sep. 2017
	Slingerlands Crossing Phase II - Bethlehem, NY	1		7,923		6.39	%	Fixed		Sep. 2017
	Total	12		$	59,325	6.12	%
	_______________________________
	(1) Fixed interest rate through May 10, 2017. Interest rate changes to variable rate starting May 11, 2017.
	The following table summarizes the scheduled aggregate principal payments on mortgage notes payable for the five years subsequent to June 30, 2014:
	(In thousands)	Future Principal
		Payments
	July 1, 2014 — December 31, 2014	$	430
	2015	5,933
	2016	14,255
	2017	26,477
	2018	212
	Thereafter	12,018
		$	59,325
	Some of the Company's mortgage notes payable agreements require the compliance of certain property-level financial covenants including debt service coverage ratios. As of June 30, 2014, the Company was in compliance with financial covenants under its mortgage notes payable agreements.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	The Company determines fair value based on quoted prices when available or through the use of alternative approaches, such as discounting the expected cash flows using market interest rates commensurate with the credit quality and duration of the investment. This alternative approach also reflects the contractual terms of the derivatives, if any, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The guidance defines three levels of inputs that may be used to measure fair value:
	Level 1 — Quoted prices in active markets for identical assets and liabilities that the reporting entity has the ability to access at the measurement date.
	Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset and liability or can be corroborated with observable market data for substantially the entire contractual term of the asset or liability.
	Level 3 — Unobservable inputs that reflect the entity's own assumptions that market participants would use in the pricing of the asset or liability and are consequently not based on market activity, but rather through particular valuation techniques.
	The determination of where an asset or liability falls in the hierarchy requires significant judgment and considers factors specific to the asset or liability. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company evaluates its hierarchy disclosures each quarter and depending on various factors, it is possible that an asset or liability may be classified differently from quarter to quarter. However, the Company expects that changes in classifications between levels will be rare.
	The Company is required to disclose the fair value of financial instruments for which it is practicable to estimate that value. The fair value of short-term financial instruments such as cash and cash equivalents, restricted cash, other receivables, due to affiliates, accounts payable and distributions payable approximates their carrying value on the consolidated balance sheets due to their short-term nature. The fair values of the Company's remaining financial instruments that are not reported at fair value on the consolidated balance sheets are reported below:
			Carrying Amount(1) at		Fair Value at		Carrying Amount at		Fair Value at
	(In thousands)	Level	June 30, 2014		June 30, 2014		December 31, 2013		December 31, 2013
	Mortgage notes payable	3	$	62,295	$	62,439	$	—	$	—
	_______________________________
	(1) Carrying value includes $59.3 million mortgage notes payable and $3.0 million mortgage premiums, net as of June 30, 2014 .
	The fair value of the mortgage notes payable are estimated using a discounted cash flow analysis, based on the Advisor's experience with similar types of borrowing arrangements.

Common_Stock

Common Stock	6 Months Ended
	Jun. 30, 2014
Equity [Abstract]	'
Common Stock	'
	Common Stock
	The Company had 52.1 million and 7.5 million shares of common stock outstanding, including unvested restricted shares and shares issued pursuant to the DRIP, and had received total proceeds of $1.3 billion and $186.8 million, including proceeds from shares issued pursuant to the DRIP, as of June 30, 2014 and December 31, 2013, respectively.
	On April 9, 2013, the Company's board of directors authorized, and the Company declared, distributions payable to stockholders of record each day during the applicable period at a rate equal to $0.0046575343 per day, or 6.8% per annum, 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. The Company will fund repurchases from proceeds from the sale of common stock pursuant to the DRIP. The following table summarizes the number of shares repurchased under the SRP cumulatively through June 30, 2014:
			Number of Requests	Number of Shares Repurchased	Average Price per Share
	Cumulative repurchases as of December 31, 2013		2	1,600	$	25
	Six months ended June 30, 2014(1)		5	8,014	24.98
	Cumulative repurchases as of June 30, 2014(1)		7	9,614	$	24.99
	_____________________________
	-1	Includes five unfulfilled repurchase requests consisting of 8,014 shares at an average price per share of $24.98, which were approved for repurchase as of June 30, 2014 and completed in August 2014.

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies
	Future Minimum Lease Payments
	The Company has entered into lease agreements related to certain acquisitions under leasehold interests arrangements. The following table reflects the minimum base cash rental payments due from the Company over the next five years and thereafter.  These amounts exclude contingent rent payments, as applicable, that may be payable based on provisions related to increases in annual rent based on exceeding certain economic indexes among other items.
	(In thousands)	Future Minimum
		Base Rent Payments
	July 1, 2014 — December 31, 2014	$	54
	2015	109
	2016	111
	2017	113
	2018	116
	Thereafter	5,035
		$	5,538
	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 June 30, 2014, 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	6 Months Ended
	Jun. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions and Arrangements	'
	Related Party Transactions and Arrangements
	As of June 30, 2014 and December 31, 2013, 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 December 31, 2013, the Company had $0.5 million payable to the Sponsor primarily related to funding the payment of third party professional fees and offering costs. There were no such amounts payable as of June 30, 2014.
	Fees Paid in Connection with the IPO
	The Dealer Manager is paid fees in connection with the sale of the Company's common stock in the IPO. The Dealer Manager is paid 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 is paid 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 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 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. 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 June 30,				Six Months Ended June 30,				June 30,		December 31,
	(In thousands)	2014		2013		2014		2013		2014		2013
	Total commissions and fees incurred from the Dealer Manager	$	70,722	$	2,745	$	105,197	$	2,745	$	2,475	$	127
	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 during the IPO. 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 June 30,				Six Months Ended June 30,				June 30,		December 31,
	(In thousands)	2014		2013		2014		2013		2014		2013
	Fees and expense reimbursements from the Advisor and Dealer Manager	$	9,071	$	715	$	15,329	$	715	$	378	$	192
	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 June 30, 2014, offering and related costs, excluding commissions and dealer manager fees, were lower than 2.0% of gross proceeds received from the IPO by $1.8 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 June 30, 2014, cumulative offering costs were $146.8 million. Cumulative offering costs net of unpaid amounts, were less than the 15% threshold as of June 30, 2014.
	Fees Paid in Connection With the Operations of the Company
	The Advisor is paid an acquisition fee equal to 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 reimbursed for services provided for which they incur investment-related expenses, or insourced expenses. Such insourced expenses 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 reimburses the Advisor for 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) may 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 causes the OP to issue (subject to periodic approval by the board of directors) to the Advisor performance-based restricted partnership units of the OP designated as "Class B units," which are intended to be profit interests and will vest, and no longer be subject to forfeiture, at such time as: (x) the value of the OP's assets plus all distributions made equals or exceeds the total amount of capital contributed by investors plus a 6% cumulative, pre-tax, non-compounded annual return thereon (the "economic hurdle"); (y) any one of the following occurs: (1) a listing; (2) ; another liquidity event or (3) the termination of the advisory agreement by an affirmative vote of a majority of the Company's independent directors without cause; and (z) the Advisor is still providing advisory services to the Company (the "performance condition"). Such Class B units will be forfeited immediately if: (a) the advisory agreement is terminated for any reason other than a termination without cause; or (b) the advisory agreement is terminated by an affirmative vote of a majority of the Company's independent directors without cause before the economic hurdle has been met.
	The asset management subordination is an amount equal to: (i) the excess of (A) the product of (y) the cost of assets (or the lower of the cost of assets and the applicable quarterly NAV multiplied by 0.1875% once we begin calculating NAV) multiplied by (z) 0.1875% over (B) any amounts payable as an oversight fee (as described below) for such calendar quarter; divided by (ii) 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 the selling commissions and dealer manager fees). When and if approved by the board of directors, the Class B units are expected to be issued to the Advisor quarterly in arrears pursuant to the terms of the limited partnership agreement of the OP. As of June 30, 2014, the Company cannot determine the probability of achieving the performance condition. The value of issued Class B units will be determined and expensed when the Company deems the achievement of the performance condition to be probable. The Advisor receives distributions on vested and unvested Class B units equal to the distribution rate received on the Company's common stock. Such distributions on issued Class B units are included in general and administrative expenses in the consolidated statement of operations and comprehensive loss until the performance condition is considered probable to occur. As of June 30, 2014, the Company's board of directors approved the issuance of 12,940 Class B Units to the Advisor in connection with this arrangement.
	Unless the Company contracts with a third party, the Company pays 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 also reimburses 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 20.5 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 June 30,								Six Months Ended June 30,								Payable (Receivable) as of
		2014				2013				2014				2013				June 30,			December 31,
	(In thousands)	Incurred		Forgiven		Incurred		Forgiven		Incurred		Forgiven		Incurred		Forgiven		2014			2013
	One-time fees and reimbursements:
	Acquisition fees and related cost reimbursements	$	1,777	$	—	$	84	$	—	$	2,053	$	—	$	84	$	—	$	—		$	—
	Financing coordination fees	1,570		—		—		—		1,945		—		—		—		(148		)	—
	Ongoing fees:
	Property management and leasing fees	—		31		—		—		—		47		—		—		—			—
	Strategic advisory fees	135		—		28		—		270		—		28		—		—			—
	Distributions on Class B Units	5		—		—		—		7		—		—		—		—			1
	Total related party operation fees and reimbursements	$	3,487	$	31	$	112	$	—	$	4,275	$	47	$	112	$	—	$	(148	)	$	1
	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 six months ended June 30, 2014 or 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 reflects costs absorbed by the Advisor during the periods presented.
		Three Months Ended June 30,				Six Months Ended June 30,				Receivable as of
	(In thousands)	2014		2013		2014		2013		June 30, 2014		December 31, 2013
	Property operating expenses absorbed	$	—	$	—	$	—	$	—	$	—	$	150
	General and administrative expenses absorbed	—		177		—		177		—		843
	Total expenses absorbed	$	—	$	177	$	—	$	177	$	—	$	993
	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 paid 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 six months ended June 30, 2014 or 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 six months ended June 30, 2014 or 2013.
	The Company will 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 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 six months ended June 30, 2014 or 2013.
	If the common stock of the Company is listed on a national exchange, the Company will 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 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 six months ended June 30, 2014 or 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	6 Months Ended
	Jun. 30, 2014
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	6 Months Ended
	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [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 may 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. 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. The following table reflects restricted share award activity for the six months ended June 30, 2014:
		Number of Common Shares		Weighted-Average Issue Price
	Unvested, December 31, 2013	3,999		$	22.5
	Granted	3,999		22.5
	Vested	(800	)	22.5
	Unvested, June 30, 2014	7,198		$	22.5
	As of June 30, 2014, the Company had $0.2 million of unrecognized compensation cost related to unvested restricted share awards granted under the Company's RSP. That cost is expected to be recognized over a weighted-average period of 4.4 years. 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 during the three months ended June 30, 2014 and 2013. Compensation expense related to restricted stock was approximately $10,000 and $7,000 during the six months ended June 30, 2014 and 2013, respectively. Compensation expense related to restricted stock is recorded as general and administrative expense in the accompanying consolidated 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. During the three and six months ended June 30, 2014, the Company issued 404 and 604 shares in lieu of approximately $10,000 and $14,000 in cash, respectively. There were no shares issued in lieu of cash during the three and six months ended June 30, 2013.

Net_Loss_Per_Share

Net Loss Per Share	6 Months Ended
	Jun. 30, 2014
Earnings 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 six months ended June 30, 2014 and 2013:
		Three Months Ended June 30,							Six Months Ended June 30,
		2014				2013			2014			2013
	Net loss (in thousands)	$	(4,147	)		$	(116	)	$	(4,729	)	$	(163	)
	Basic and diluted weighted-average shares outstanding	35,127,969				379,911			24,435,162			195,425
	Basic and diluted net loss per share	$	(0.12	)		(0.31		)	$	(0.19	)	$	(0.83	)
	The Company had the following common share equivalents as of June 30, 2014 and 2013, which were excluded from the calculation of diluted loss per share attributable to stockholders as the effect would have been antidilutive:
		June 30,
		2014			2013
	Unvested restricted stock	7,198			3,999
	OP Units	90			90
	Class B units	12,940			—
	Total common share equivalents	20,228			4,089

Subsequent_Events

Subsequent Events	6 Months Ended
	Jun. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	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
	On July 23, 2014, the Company announced the reallocation of 13.9 million shares of the 14.2 million remaining unsold shares available pursuant to the DRIP. On August 1, 2014, the Company registered an additional 25.0 million shares to be issued under the DRIP pursuant to a registration statement on Form S-3 (File No. 333-197802).
	As of July 31, 2014, the Company had 71.1 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 $1.8 billion.
	Total capital raised to date, including shares issued under the DRIP, is as follows:
	Source of Capital (in thousands)	Inception to June 30, 2014			July 1, 2014 to July 31, 2014				Total
	Common stock	$	1,294,188		$	473,573			$	1,767,761
	Acquisitions
	The following table presents certain information about the properties that the Company acquired from July 1, 2014 to August 6, 2014:
		Number of Properties		Rentable			Base
				Square Feet			Purchase Price (1)
							(In thousands)
	Portfolio, June 30, 2014	24		728,000			$	183,090
	Acquisitions	13		389,441			94,056
	Portfolio, August 6, 2014	37		1,117,441			$	277,146
	________________________
	(1)    Contract purchase price, excluding acquisition related costs.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	In February 2013, the Financial Accounting Standards Board ("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 was effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2013. 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 April 2014, the FASB amended the requirements for reporting discontinued operations. Under the revised guidance, in addition to other disclosure requirements, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results when the component or group of components meets the criteria to be classified as held for sale, disposed of by sale or other than by sale. The Company has adopted the provisions of this guidance effective January 1, 2014, and have applied the provisions prospectively. 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 May 2014, the FASB issued revised guidance relating to revenue recognition. Under the revised guidance, an entity is required to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The revised guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is not permitted under GAAP. The revised guidance allows entities to apply the full retrospective or modified retrospective transition method upon adoption. The Company has not yet selected a transition method and is currently evaluating the impact of the new guidance.

Real_Estate_Investments_Tables

Real Estate Investments (Tables)	6 Months Ended
	Jun. 30, 2014
Real Estate Investments, Net [Abstract]	'
Schedule of Business Acquisitions, by Acquisition	'
	The following table presents the allocation of the assets acquired during the six months ended June 30, 2014 and 2013:
		Six Months Ended June 30,
	(Dollar amounts in thousands)	2014			2013
	Real estate investments, at cost:
	Land	$	15,980		$	409
	Buildings, fixtures and improvements	109,729			6,047
	Total tangible assets	125,709			6,456
	Acquired intangibles:
	In-place leases	13,989			910
	Above-market lease assets	207			—
	Below-market lease liabilities	(303		)	—
	Total assets acquired, net	139,602			7,366
	Mortgage notes payable assumed to acquire real estate investments	(59,395		)	—
	Premiums on mortgages assumed	(3,076		)	—
	Other liabilities assumed	(369		)	—
	Cash paid for acquired real estate investments	$	76,762		$	7,366
	Number of properties purchased	17			2
Business Acquisition, Pro Forma Information	'
	The following table presents unaudited pro forma information as if the acquisitions during the six months ended June 30, 2014, had been consummated on January 1, 2013. Additionally, the unaudited pro forma net loss was adjusted to exclude acquisition and transaction related expense of $3.0 million from the six months ended June 30, 2014.
		Six Months Ended June 30,
	(In thousands)	2014			2013
	Pro forma revenues	$	9,380		$	8,854
	Pro forma net loss	$	(2,785	)	$	(1,849	)
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
	July 1, 2014 — December 31, 2014	$	7,181
	2015	13,853
	2016	12,171
	2017	11,582
	2018	9,977
	Thereafter	40,730
		$	95,494
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 10% or more of total annualized rental income for all properties on a straight-line basis as of June 30, 2014 and 2013:
		June 30,
	Tenant	2014		2013
	Adena Health System	*		72.60%
	Fresenius Medical Care AG & Co. KGaA	*		27.40%
	_______________________________
	* Tenant's annualized rental income on a straight-line bases was not greater than 10% of total annualized rental income for all portfolio properties as of the period specified
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 on a straight-line basis for all properties as of June 30, 2014 and 2013:
		June 30,
	State	2014		2013
	Alabama	*		27.40%
	Florida	14.00%		*
	Georgia	10.00%		*
	Illinois	11.70%		*
	New York	26.80%		*
	Ohio	*		72.60%
	_______________________________
	* State's annualized rental income on a straight-line bases was not greater than 10% of total annualized rental income for all portfolio properties as of the period specified

Mortgage_Notes_Payable_Tables

Mortgage Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of Long-term Debt Instruments	'
	The following table reflects the Company's mortgage notes payable as of June 30, 2014. The Company had no mortgage notes payable as of December 31, 2013.
				Outstanding Loan Amount as of		Effective Interest Rate
	Portfolio	Encumbered Properties		June 30, 2014				Interest Rate		Maturity
				(In thousands)
	Creekside Medical Office Building - Douglasville, GA	1		$	5,218	5.32	%	Fixed		Sep. 2015
	Bowie Gateway Medical Center - Bowie, MD	1		6,096		6.18	%	Fixed		Sep. 2016
	Medical Center of New Windsor - New Windsor, NY	1		8,885		6.39	%	Fixed		Sep. 2017
	Plank Medical Center - Clifton Park, NY	1		3,526		6.39	%	Fixed		Sep. 2017
	Cushing Center - Schenectady, NY	1		4,336		5.71	%	Fixed		Feb. 2016
	Countryside Medical Arts - Safety Harbor, FL	1		6,116		6.07	%	Fixed	(1)	Apr. 2019
	St. Andrews Medical Park, Venice, FL	3		6,760		6.07	%	Fixed	(1)	Apr. 2019
	Campus at Crooks & Auburn Building C - Rochester Hills, MI	1		3,659		5.91	%	Fixed		Apr. 2016
	Slingerlands Crossing Phase I - Bethlehem, NY	1		6,806		6.39	%	Fixed		Sep. 2017
	Slingerlands Crossing Phase II - Bethlehem, NY	1		7,923		6.39	%	Fixed		Sep. 2017
	Total	12		$	59,325	6.12	%
	_______________________________
	(1) Fixed interest rate through May 10, 2017. Interest rate changes to variable rate starting May 11, 2017.
Schedule of Maturities of Long-term Debt	'
	The following table summarizes the scheduled aggregate principal payments on mortgage notes payable for the five years subsequent to June 30, 2014:
	(In thousands)	Future Principal
		Payments
	July 1, 2014 — December 31, 2014	$	430
	2015	5,933
	2016	14,255
	2017	26,477
	2018	212
	Thereafter	12,018
		$	59,325

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value, by Balance Sheet Grouping	'
	The fair values of the Company's remaining financial instruments that are not reported at fair value on the consolidated balance sheets are reported below:
			Carrying Amount(1) at		Fair Value at		Carrying Amount at		Fair Value at
	(In thousands)	Level	June 30, 2014		June 30, 2014		December 31, 2013		December 31, 2013
	Mortgage notes payable	3	$	62,295	$	62,439	$	—	$	—

Common_Stock_Tables

Common Stock (Tables)	6 Months Ended
	Jun. 30, 2014
Equity [Abstract]	'
Class of Treasury Stock	'
	The following table summarizes the number of shares repurchased under the SRP cumulatively through June 30, 2014:
			Number of Requests	Number of Shares Repurchased	Average Price per Share
	Cumulative repurchases as of December 31, 2013		2	1,600	$	25
	Six months ended June 30, 2014(1)		5	8,014	24.98
	Cumulative repurchases as of June 30, 2014(1)		7	9,614	$	24.99
	_____________________________
	-1	Includes five unfulfilled repurchase requests consisting of 8,014 shares at an average price per share of $24.98, which were approved for repurchase as of June 30, 2014 and completed in August 2014.

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Contractual Obligation, Fiscal Year Maturity Schedule	'
	These amounts exclude contingent rent payments, as applicable, that may be payable based on provisions related to increases in annual rent based on exceeding certain economic indexes among other items.
	(In thousands)	Future Minimum
		Base Rent Payments
	July 1, 2014 — December 31, 2014	$	54
	2015	109
	2016	111
	2017	113
	2018	116
	Thereafter	5,035
		$	5,538

Related_Party_Transactions_and1

Related Party Transactions and Arrangements (Tables)	6 Months Ended
	Jun. 30, 2014
Related Party Transactions [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 June 30,				Six Months Ended June 30,				June 30,		December 31,
	(In thousands)	2014		2013		2014		2013		2014		2013
	Total commissions and fees incurred from the Dealer Manager	$	70,722	$	2,745	$	105,197	$	2,745	$	2,475	$	127
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 June 30,				Six Months Ended June 30,				June 30,		December 31,
	(In thousands)	2014		2013		2014		2013		2014		2013
	Fees and expense reimbursements from the Advisor and Dealer Manager	$	9,071	$	715	$	15,329	$	715	$	378	$	192
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 June 30,								Six Months Ended June 30,								Payable (Receivable) as of
		2014				2013				2014				2013				June 30,			December 31,
	(In thousands)	Incurred		Forgiven		Incurred		Forgiven		Incurred		Forgiven		Incurred		Forgiven		2014			2013
	One-time fees and reimbursements:
	Acquisition fees and related cost reimbursements	$	1,777	$	—	$	84	$	—	$	2,053	$	—	$	84	$	—	$	—		$	—
	Financing coordination fees	1,570		—		—		—		1,945		—		—		—		(148		)	—
	Ongoing fees:
	Property management and leasing fees	—		31		—		—		—		47		—		—		—			—
	Strategic advisory fees	135		—		28		—		270		—		28		—		—			—
	Distributions on Class B Units	5		—		—		—		7		—		—		—		—			1
	Total related party operation fees and reimbursements	$	3,487	$	31	$	112	$	—	$	4,275	$	47	$	112	$	—	$	(148	)	$	1
Schedule of General and Administrative Expenses Absorbed by Affiliate	'
	The following table reflects costs absorbed by the Advisor during the periods presented.
		Three Months Ended June 30,				Six Months Ended June 30,				Receivable as of
	(In thousands)	2014		2013		2014		2013		June 30, 2014		December 31, 2013
	Property operating expenses absorbed	$	—	$	—	$	—	$	—	$	—	$	150
	General and administrative expenses absorbed	—		177		—		177		—		843
	Total expenses absorbed	$	—	$	177	$	—	$	177	$	—	$	993

ShareBased_Compensation_Tables

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award	'
	The following table reflects restricted share award activity for the six months ended June 30, 2014:
		Number of Common Shares		Weighted-Average Issue Price
	Unvested, December 31, 2013	3,999		$	22.5
	Granted	3,999		22.5
	Vested	(800	)	22.5
	Unvested, June 30, 2014	7,198		$	22.5

Net_Loss_Per_Share_Tables

Net Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 2014
Earnings 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 six months ended June 30, 2014 and 2013:
		Three Months Ended June 30,							Six Months Ended June 30,
		2014				2013			2014			2013
	Net loss (in thousands)	$	(4,147	)		$	(116	)	$	(4,729	)	$	(163	)
	Basic and diluted weighted-average shares outstanding	35,127,969				379,911			24,435,162			195,425
	Basic and diluted net loss per share	$	(0.12	)		(0.31		)	$	(0.19	)	$	(0.83	)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	'
	The Company had the following common share equivalents as of June 30, 2014 and 2013, which were excluded from the calculation of diluted loss per share attributable to stockholders as the effect would have been antidilutive:
		June 30,
		2014			2013
	Unvested restricted stock	7,198			3,999
	OP Units	90			90
	Class B units	12,940			—
	Total common share equivalents	20,228			4,089

Subsequent_Events_Tables

Subsequent Events (Tables)	6 Months Ended
	Jun. 30, 2014
Subsequent Events [Abstract]	'
Schedule of Subsequent Events	'
	Total capital raised to date, including shares issued under the DRIP, is as follows:
	Source of Capital (in thousands)	Inception to June 30, 2014			July 1, 2014 to July 31, 2014				Total
	Common stock	$	1,294,188		$	473,573			$	1,767,761
	The following table presents certain information about the properties that the Company acquired from July 1, 2014 to August 6, 2014:
		Number of Properties		Rentable			Base
				Square Feet			Purchase Price (1)
							(In thousands)
	Portfolio, June 30, 2014	24		728,000			$	183,090
	Acquisitions	13		389,441			94,056
	Portfolio, August 6, 2014	37		1,117,441			$	277,146
	________________________
	(1)    Contract purchase price, excluding acquisition related costs.

Organization_Details

Organization (Details) (USD $)

6 Months Ended

15 Months Ended

20 Months Ended

0 Months Ended

1 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Apr. 09, 2013

Feb. 14, 2013

Oct. 15, 2012

Jun. 30, 2014

Feb. 14, 2013

Feb. 14, 2013

Oct. 15, 2012

Aug. 01, 2014

Jul. 23, 2014

Jul. 31, 2014

Aug. 06, 2014

Jul. 23, 2014

property

property

Common Stock

Common Stock

Minimum

American Realty Capital Healthcare II Special Limited Partner, LLC

Subsequent Event

Subsequent Event

Subsequent Event

Subsequent Event

Subsequent Event

sqft

sqft

Common Stock

Special Limited Partner

property

sqft

Operations [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock available for issuance, IPO (in shares)

'

'

'

'

'

$1,700,000,000

'

'

'

'

'

'

'

'

'

'

Common stock, par value (usd per share)

$0.01

'

$0.01

$0.01

'

$0.01

'

'

'

'

'

'

'

'

'

'

Share Price (in dollars per share)

'

'

'

'

$25

'

'

$25

$25

'

'

'

'

'

'

'

Shares available for issuance under a distribution reinvestment plan, shares

'

'

'

'

'

'

'

'

14,700,000

'

'

'

'

'

'

'

Share reallocated under DRIP

'

'

'

'

'

'

'

'

'

'

'

'

13,900,000

'

'

'

Remaining unsold shares under a Drip

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

14,200,000

Additional shares issued under DRIP (in shares)

'

'

'

'

'

'

'

'

'

'

'

25,000,000

'

'

'

'

Common stock, shares outstanding

52,057,557

'

7,529,789

52,057,557

'

'

'

'

'

'

'

'

'

71,100,000

'

'

Proceeds from issuance of common stock

1,074,428,000

28,182,000

186,800,000

1,300,000,000

'

'

'

'

'

'

'

'

'

1,800,000,000

'

'

Common stock outstanding

1,300,000,000

'

'

1,300,000,000

'

'

'

'

'

'

'

'

'

'

'

'

DRIP Share Price (in dollars per share)

'

'

'

'

'

'

'

$23.75

'

$23.75

'

'

'

'

'

'

DRIP percentage of estimated value of common

'

'

'

'

'

'

'

'

'

95.00%

'

'

'

'

'

'

Number of Properties

24

'

'

24

'

'

'

'

'

'

'

'

'

'

37

'

Rentable Square Feet

728,000

'

'

728,000

'

'

'

'

'

'

'

'

'

'

1,117,441

'

Occupancy rate

93.90%

'

'

93.90%

'

'

'

'

'

'

'

'

'

'

'

'

Weighted average remaining lease term

'6 years 7 months 6 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Limited Partners' contributed capital

'

'

'

'

'

'

'

'

'

'

$2,020

'

'

'

'

'

LLC ownership units

'

'

'

'

'

'

90

'

'

'

'

'

'

'

'

'

Real_Estate_Investments_Acquir

Real Estate Investments - Acquired Assets (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
	property	property
Real estate investments	'	'
Land	$15,980	$409
Buildings, fixtures and improvements	109,729	6,047
Total tangible assets	125,709	6,456
Total assets acquired, net	139,602	7,366
Mortgage notes payable assumed to acquire real estate investments	-59,395	0
Premiums on mortgages assumed	-3,076	0
Other liabilities assumed	-369	0
Cash paid for acquired real estate investments	76,762	7,366
Number of properties purchased	17	2
In-place leases	'	'
Real estate investments	'	'
Acquired intangibles	-13,989	-910
Above-market lease assets	'	'
Real estate investments	'	'
Acquired intangibles	-207	0
Below-market lease liabilities	'	'
Real estate investments	'	'
Acquired intangibles	($303)	$0

Real_Estate_Investments_Pro_Fo

Real Estate Investments - Pro Forma Information (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Real Estate Investments, Net [Abstract]	'	'	'	'
Acquisition and transaction related	$2,599	$118	$3,003	$118
Pro forma revenues	'	'	9,380	8,854
Pro forma net loss	'	'	($2,785)	($1,849)

Real_Estate_Investments_Future

Real Estate Investments - Future Minimum Payments (Details) (USD $)	Jun. 30, 2014
In Thousands, unless otherwise specified
Business Combinations [Abstract]	'
July 1, 2014 b December 31, 2014	$7,181
2015	13,853
2016	12,171
2017	11,582
2018	9,977
Thereafter	40,730
Total	$95,494

Real_Estate_Investments_Custom

Real Estate Investments - Customer Concentration (Details)	6 Months Ended
	Jun. 30, 2013
Adena Health System	'
Concentration Risk [Line Items]	'
Concentration risk, percentage	72.60%
Fresenius Medical Care AG & Co. KGaA	'
Concentration Risk [Line Items]	'
Concentration risk, percentage	27.40%

Real_Estate_Investments_Geogra

Real Estate Investments - Geographic Concentrations (Details)	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2013
	Alabama	Florida	Georgia	Illinois	New York	Ohio
Concentration Risk [Line Items]	'	'	'	'	'	'
Entity wide revenue, major state, percentage	27.40%	14.00%	10.00%	11.70%	26.80%	72.60%

Revolving_Credit_Facility_Deta

Revolving Credit Facility (Details) (Secured Debt, USD $)	Jun. 30, 2014	Apr. 15, 2014	Mar. 21, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014
	extension			Federal Funds Effective Rate	One-Month LIBOR	Minimum	Minimum	Maximum	Maximum
						London Interbank Offered Rate (LIBOR)	Base Rate	London Interbank Offered Rate (LIBOR)	Base Rate
Line of Credit Facility [Line Items]	'	'	'	'	'	'	'	'	'
Maximum borrowing capacity	'	$450,000,000	$50,000,000	'	'	'	'	'	'
Maximum borrowing capacity under accordion feature	'	$200,000,000	'	'	'	'	'	'	'
Interest rate	'	'	'	0.50%	1.00%	1.60%	0.35%	2.20%	0.95%
Number of one year extensions	2	'	'	'	'	'	'	'	'

Mortgage_Notes_Payable_Mortgag

Mortgage Notes Payable - Mortgage Notes (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'	'
Outstanding Loan Amount as of	$59,325	$0
Mortgages	'	'
Debt Instrument [Line Items]	'	'
Encumbered Properties	12	'
Outstanding Loan Amount as of	59,325	'
Effective Interest Rate	6.12%	'
Creekside Medical Office Building - Douglasville, GA | Mortgages	'	'
Debt Instrument [Line Items]	'	'
Encumbered Properties	1	'
Outstanding Loan Amount as of	5,218	'
Effective Interest Rate	5.32%	'
Bowie Gateway Medical Center - Bowie, MD | Mortgages	'	'
Debt Instrument [Line Items]	'	'
Encumbered Properties	1	'
Outstanding Loan Amount as of	6,096	'
Effective Interest Rate	6.18%	'
Medical Center of New Windsor - New Windsor, NY | Mortgages	'	'
Debt Instrument [Line Items]	'	'
Encumbered Properties	1	'
Outstanding Loan Amount as of	8,885	'
Effective Interest Rate	6.39%	'
Plank Medical Center - Clifton Park, NY | Mortgages	'	'
Debt Instrument [Line Items]	'	'
Encumbered Properties	1	'
Outstanding Loan Amount as of	3,526	'
Effective Interest Rate	6.39%	'
Cushing Center - Schenectady, NY | Mortgages	'	'
Debt Instrument [Line Items]	'	'
Encumbered Properties	1	'
Outstanding Loan Amount as of	4,336	'
Effective Interest Rate	5.71%	'
Countryside Medical Arts - Safety Harbor, FL | Mortgages	'	'
Debt Instrument [Line Items]	'	'
Encumbered Properties	1	'
Outstanding Loan Amount as of	6,116	'
Effective Interest Rate	6.07%	'
St. Andrews Medical Park, Venice, FL | Mortgages	'	'
Debt Instrument [Line Items]	'	'
Encumbered Properties	3	'
Outstanding Loan Amount as of	6,760	'
Effective Interest Rate	6.07%	'
Campus at Crooks & Auburn Building C - Rochester Hills, MI | Mortgages	'	'
Debt Instrument [Line Items]	'	'
Encumbered Properties	1	'
Outstanding Loan Amount as of	3,659	'
Effective Interest Rate	5.91%	'
Slingerlands Crossing Phase I - Bethlehem, NY | Mortgages	'	'
Debt Instrument [Line Items]	'	'
Encumbered Properties	1	'
Outstanding Loan Amount as of	6,806	'
Effective Interest Rate	6.39%	'
Slingerlands Crossing Phase II - Bethlehem, NY | Mortgages	'	'
Debt Instrument [Line Items]	'	'
Encumbered Properties	1	'
Outstanding Loan Amount as of	$7,923	'
Effective Interest Rate	6.39%	'

Mortgage_Notes_Payable_Mortgag1

Mortgage Notes Payable - Mortgage Principal Payments (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'	'
Secured Debt	$59,325	$0
Mortgages	'	'
Debt Instrument [Line Items]	'	'
July 1, 2014 b December 31, 2014	430	'
2015	5,933	'
2016	14,255	'
2017	26,477	'
2018	212	'
Thereafter	12,018	'
Secured Debt	$59,325	'

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Details) (USD $)	Jun. 30, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'
Mortgage notes payable	$59,325		$0
Mortgage premiums, net	2,970		0
Mortgages	'		'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'
Mortgage notes payable	59,325		'
Fair Value, Inputs, Level 3 | Mortgages | Carrying Amount	'		'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'
Mortgage notes payable	62,295	[1]	0
Mortgage premiums, net	-3,000		'
Fair Value, Inputs, Level 3 | Mortgages | Fair Value	'		'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'
Mortgage notes payable	$62,439		$0
[1]	Carrying value includes $59.3 million mortgage notes payable and $3.0 million mortgage premiums, net as of JuneB 30, 2014 .

Common_Stock_Schedule_of_Stock

Common Stock (Schedule of Stock by Class) (Details) (USD $)	0 Months Ended	6 Months Ended		15 Months Ended	20 Months Ended
In Thousands, except Share data, unless otherwise specified	Apr. 09, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Jun. 30, 2014	Apr. 09, 2013
Equity [Abstract]	'	'	'	'	'	'
Common stock, shares outstanding	'	52,057,557	'	7,529,789	52,057,557	'
Proceeds from issuance of common stock	'	$1,074,428	$28,182	$186,800	$1,300,000	'
Dividends declared per day (in dollars per share)	$0.00	'	'	'	'	'
Common stock dividends, annual percentage	6.80%	'	'	'	'	'
Share Price (in dollars per share)	'	'	'	'	'	$25

Common_Stock_Cumulative_Share_

Common Stock Cumulative Share Repurchases (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
	request
	repurchase
Equity, Class of Treasury Stock [Roll Forward]	'
Beginning Balance, Number of Requests	2
Beginning Balance, Number of Shares Repurchased (in shares)	1,600
Beginning Balance, Average Price Per Share (usd per share)	$25
Number of Requests	5
Number of Shares Repurchased (in shares)	8,014
Average Price per Share (in dollars per share)	$24.98
Ending Balance, Number of Requests	7
Ending Balance, Number of Shares Repurchased (in shares)	9,614
Ending Balance, Average Price Per Share (usd per share)	$24.99
Remaining number of shares authorized (in shares)	8,014

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	Jun. 30, 2014
In Thousands, unless otherwise specified
Commitments and Contingencies Disclosure [Abstract]	'
July 1, 2014 b December 31, 2014	$54
2015	109
2016	111
2017	113
2018	116
Thereafter	5,035
Total	$5,538

Related_Party_Transactions_and2

Related Party Transactions and Arrangements (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Special Limited Partner	'	'
Related Party Transaction [Line Items]	'	'
Common stock held by related party, in shares	8,888	8,888
Acquisition fees and related cost reimbursements	'	'
Related Party Transaction [Line Items]	'	'
Due to affiliate	0	500

Related_Party_Transactions_and3

Related Party Transactions and Arrangements - Fees Paid in Connection with the IPO (Details) (USD $)	20 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014
Related Party Transaction [Line Items]	'
Cumulative offering costs	$146.80
Dealer Manager	'
Related Party Transaction [Line Items]	'
Aggregate costs borne by related party	$1.80
Maximum	'
Related Party Transaction [Line Items]	'
Liability for offering and related costs from IPO	2.00%
Aggregate offering costs	15.00%
Realty Capital Securities, LLC | Gross Proceeds, Common Stock | Maximum | Dealer Manager	'
Related Party Transaction [Line Items]	'
Sales commissions as a percentage of benchmark	7.00%
Option One | Gross Proceeds, Common Stock | Maximum | Participating Broker-Dealer	'
Related Party Transaction [Line Items]	'
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%
Option One | Realty Capital Securities, LLC | Gross Proceeds, Common Stock | Maximum | Dealer Manager	'
Related Party Transaction [Line Items]	'
Proceeds from the sales of common stock	3.00%
Option Two | Realty Capital Securities, LLC | Gross Proceeds, Common Stock | Dealer Manager	'
Related Party Transaction [Line Items]	'
Sales commissions as a percentage of benchmark	2.50%

Related_Party_Transactions_and4

Related Party Transactions and Arrangements - Fees Paid in Connection with the IPO, Selling Commissions and Dealer Manager Fees (Details) (Realty Capital Securities, LLC, Sales Commissions and Dealer Manager Fees, Dealer Manager, USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Realty Capital Securities, LLC | Sales Commissions and Dealer Manager Fees | Dealer Manager	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'
Total commissions and fees incurred from the Dealer Manager	$70,722	$2,745	$105,197	$2,745	'
Due to affiliate	$2,475	'	$2,475	'	$127

Related_Party_Transactions_and5

Related Party Transactions and Arrangements - Fees Paid in Connection with the IPO, Offering Costs and Reimbursements (Details) (Fees and Expense Reimbursement, Stock Offering, American Realty Capital Healthcare II Advisors, LLC and Realty Capital Securities, LLC [Member], Advisor and Dealer Manager, USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Fees and Expense Reimbursement, Stock Offering | American Realty Capital Healthcare II Advisors, LLC and Realty Capital Securities, LLC [Member] | Advisor and Dealer Manager	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'
One-time fees and reimbursements:	$9,071	$715	$15,329	$715	'
Due to affiliate	$378	'	$378	'	$192

Related_Party_Transactions_and6

Related Party Transactions and Arrangements - Fees Paid in Connection With the Operations of the Company (Details) (USD $)

6 Months Ended

3 Months Ended

6 Months Ended

6 Months Ended

6 Months Ended

In Thousands, except Share data, unless otherwise specified

Jun. 30, 2014

Jun. 30, 2013

Apr. 09, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

American Realty Capital Healthcare II Advisors, LLC

American Realty Capital Healthcare II Advisors, LLC

American Realty Capital Healthcare II Advisors, LLC

American Realty Capital Healthcare II Advisors, LLC

American Realty Capital Healthcare II Advisors, LLC

American Realty Capital Healthcare II Advisors, LLC

American Realty Capital Healthcare II Advisors, LLC

American Realty Capital Healthcare II Advisors, LLC

American Realty Capital Healthcare II Advisors, LLC

American Realty Capital Healthcare II Advisors, LLC

American Realty Capital Healthcare II Advisors, LLC

Maximum

Maximum

Maximum

Maximum

Maximum

Maximum

Strategic advisory fees

Annual Targeted Investor Return

Sales Commissions and Dealer Manager Fees

Class B Units

Class B Units

Advisor

Advisor

Advisor

Advisor

Advisor

Contract Purchase Price

Advance on Loan or Other Investment

Amount Available or Outstanding Under Financing Arrangement

Pre-tax Non-compounded Return on Capital Contribution

Gross Revenue, Stand-alone Single-tenant Net Leased Properties

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

American Realty Capital Healthcare II Advisors, LLC

American Realty Capital Healthcare II Advisors, LLC

American Realty Capital Healthcare II Advisors, LLC

American Realty Capital Healthcare II Advisors, LLC

American Realty Capital Healthcare II Advisors, LLC

American Realty Capital Healthcare II Advisors, LLC

American Realty Capital Healthcare II Advisors, LLC

Advisor

Advisor

Advisor

Advisor

Advisor

Advisor

Contract Purchase Price

Advance on Loan or Other Investment

Contract Purchase Price, All Assets Acquired

Average Invested Assets

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

Gross Revenue, Managed Properties

Pre-tax Non-compounded Return on Capital Contribution

Advisor

Advisor

Advisor

Advisor

Advisor

Advisor

Advisor

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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%

0.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Financing coordination fees

'

'

'

'

'

'

'

'

'

'

0.75%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cumulative capital investment return to investors as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

6.00%

'

'

'

'

'

'

'

'

'

6.00%

'

'

'

Antidilutive securities excluded from computation of earnings per share (in shares)

20,228

4,089

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

12,940

0

Property management fees

'

'

'

'

'

'

'

'

'

'

'

'

1.50%

2.50%

'

'

'

'

'

'

'

'

'

'

'

Oversight fees earned by related party

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.00%

'

'

'

'

'

Amortization period of related party fee

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'0 years 20 months 15 days

'

'

'

'

Operating expenses as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.00%

25.00%

'

'

'

'

'

'

Amounts of transaction

'

'

'

$0

$177

$0

$177

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Due from affiliates

'

'

'

$0

'

$0

'

$993

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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

'

'

'

'

'

'

'

'

0.19%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share Price (in dollars per share)

'

'

$25

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$22.50

'

'

Related_Party_Transactions_and7

Related Party Transactions and Arrangements - Fees Paid in Connection With the Operations of the Company, Incurred, Forgiven and Payable (Details) (USD $)

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

In Thousands, unless otherwise specified

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Incurred

Incurred

Incurred

Incurred

Forgiven

Forgiven

Forgiven

Forgiven

Payable

Payable

Nonrecurring Fees

Nonrecurring Fees

Nonrecurring Fees

Nonrecurring Fees

Nonrecurring Fees

Nonrecurring Fees

Nonrecurring Fees

Nonrecurring Fees

Nonrecurring Fees

Nonrecurring Fees

Nonrecurring Fees

Nonrecurring Fees

Nonrecurring Fees

Nonrecurring Fees

Nonrecurring Fees

Nonrecurring Fees

Nonrecurring Fees

Nonrecurring Fees

Nonrecurring Fees

Nonrecurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Recurring Fees

Total related party operation fees and reimbursements

Total related party operation fees and reimbursements

Total related party operation fees and reimbursements

Total related party operation fees and reimbursements

Total related party operation fees and reimbursements

Total related party operation fees and reimbursements

Total related party operation fees and reimbursements

Total related party operation fees and reimbursements

Total related party operation fees and reimbursements

Total related party operation fees and reimbursements

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Payable

Payable

Payable

Payable

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Incurred

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Forgiven

Payable

Payable

Payable

Payable

Payable

Payable

Acquisition fees and related cost reimbursements

Acquisition fees and related cost reimbursements

Acquisition fees and related cost reimbursements

Acquisition fees and related cost reimbursements

Financing coordination fees

Financing coordination fees

Financing coordination fees

Financing coordination fees

Acquisition fees and related cost reimbursements

Acquisition fees and related cost reimbursements

Acquisition fees and related cost reimbursements

Acquisition fees and related cost reimbursements

Financing coordination fees

Financing coordination fees

Financing coordination fees

Financing coordination fees

Acquisition fees and related cost reimbursements

Acquisition fees and related cost reimbursements

Financing coordination fees

Financing coordination fees

Property management and leasing fees

Property management and leasing fees

Property management and leasing fees

Property management and leasing fees

Strategic advisory fees

Strategic advisory fees

Strategic advisory fees

Strategic advisory fees

Distributions on Class B Units

Distributions on Class B Units

Distributions on Class B Units

Distributions on Class B Units

Property management and leasing fees

Property management and leasing fees

Property management and leasing fees

Property management and leasing fees

Strategic advisory fees

Strategic advisory fees

Strategic advisory fees

Strategic advisory fees

Distributions on Class B Units

Distributions on Class B Units

Distributions on Class B Units

Distributions on Class B Units

Property management and leasing fees

Property management and leasing fees

Strategic advisory fees

Strategic advisory fees

Distributions on Class B Units

Distributions on Class B Units

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

One-time fees and reimbursements:

$3,487

$112

$4,275

$112

$31

$0

$47

$0

'

'

$1,777

$84

$2,053

$84

$1,570

$0

$1,945

$0

$0

$0

$0

$0

$0

$0

$0

$0

'

'

'

'

$0

$0

$0

$0

$135

$28

$270

$28

$5

$0

$7

$0

$31

$0

$47

$0

$0

$0

$0

$0

$0

$0

$0

$0

'

'

'

'

'

'

Due from affiliates

'

'

'

'

'

'

'

'

($148)

$1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0

$0

($148)

$0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0

$0

$0

$0

$0

$1

Related_Party_Transactions_and8

Related Party Transactions and Arrangements - Fees Paid in Connection With the Operations of the Company, Absorbed General and Administrative Costs (Details) (American Realty Capital Healthcare II Advisors, LLC, Advisor, USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Related Party Transaction [Line Items]	'	'	'	'	'
Amounts of transaction	$0	$177	$0	$177	'
Due from affiliates	0	'	0	'	993
Property operating expenses absorbed	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'
Amounts of transaction	0	0	0	0	'
Due from affiliates	0	'	0	'	150
Absorbed General and Administrative Expenses [Member]	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'
Amounts of transaction	0	177	0	177	'
Due from affiliates	$0	'	$0	'	$843

Related_Party_Transactions_and9

Related Party Transactions and Arrangements - Fees Paid in Connection with the Liquidation or Listing of the Company's Real Estate Assets (Details) (American Realty Capital Healthcare II Advisors, LLC, Advisor)	Jun. 30, 2014
Pre-tax Non-compounded Return on Capital Contribution	'
Related Party Transaction [Line Items]	'
Subordinated performance fee as a percentage of benchmark	15.00%
Cumulative capital investment return to investors as a percentage of benchmark	6.00%
Excess of Adjusted Market Value of Real Estate Assets Plus Distributions Over Aggregate Contributed Investor Capital	'
Related Party Transaction [Line Items]	'
Subordinated participation fees as a percentage of benchmark	15.00%
Distribution upon nonrenewal of advisory agreement	15.00%
Net Sale Proceeds, after Return of Capital Contributions and Annual Targeted Investor Return	'
Related Party Transaction [Line Items]	'
Subordinated performance fee as a percentage of benchmark	15.00%
Annual Targeted Investor Return | Pre-tax Non-compounded Return on Capital Contribution	'
Related Party Transaction [Line Items]	'
Cumulative capital investment return to investors as a percentage of benchmark	6.00%
Maximum | Pre-tax Non-compounded Return on Capital Contribution	'
Related Party Transaction [Line Items]	'
Subordinated performance fee as a percentage of benchmark	10.00%
Maximum | Real Estate Commissions | Contract Sales Price	'
Related Party Transaction [Line Items]	'
Real estate commissions as a percentage of benchmark	4.50%
Option One | Maximum | Brokerage Commission Fees | Contract Sales Price	'
Related Party Transaction [Line Items]	'
Real estate commissions as a percentage of benchmark	2.00%
Option Two | Maximum | Brokerage Commission Fees | Contract Sales Price	'
Related Party Transaction [Line Items]	'
Real estate commissions as a percentage of benchmark	50.00%

ShareBased_Compensation_Detail

Share-Based Compensation (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Restricted share vesting period	'	'	'5 years	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]	'	'	'	'
Share-based compensation	'	'	$24,000	$7,000
Director	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]	'	'	'	'
Stock issued during period, issued for services (in shares)	404	'	604	'
Stock issued during period, issued for services	10,000	0	14,000	0
Restricted Share Plan | Restricted Stock	'	'	'	'
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	'
Restricted share vesting period	'	'	'5 years	'
Periodic vesting percentage	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	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]	'	'	'	'
Beginning Balance, Unvested (in shares)	'	'	3,999	'
Granted (in shares)	'	'	3,999	'
Vested (in shares)	'	'	-800	'
Ending Balance, Unvested (in shares)	7,198	'	7,198	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]	'	'	'	'
Beginning Balance, Unvested, Weighted-Average Issue Price (usd per share)	'	'	$22.50	'
Granted, Weighted-Average Issue Price (usd per share)	'	'	$22.50	'
Vested, Weighted-Average Issue Price (usd per share)	'	'	$22.50	'
Ending Balance, Unvested, Weighted-Average Issue Price (usd per share)	$22.50	'	$22.50	'
Nonvested awards, compensation cost not yet recognized	200,000	'	200,000	'
Nonvested awards, compensation cost not yet recognized, period for recognition	'	'	'4 years 4 months 24 days	'
Share-based compensation	$4,000	$4,000	$10,000	$7,000

Net_Loss_Per_Share_Details

Net Loss Per Share (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]	'	'	'	'
Net loss	($4,147)	($116)	($4,729)	($163)
Basic and diluted weighted-average shares outstanding (in shares)	35,127,969	379,911	24,435,162	195,425
Basic and diluted net loss per share (usd per share)	($0.12)	($0.31)	($0.19)	($0.83)
Antidilutive securities excluded from computation of earnings per share (in shares)	'	'	20,228	4,089
Restricted Stock	'	'	'	'
Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]	'	'	'	'
Antidilutive securities excluded from computation of earnings per share (in shares)	'	'	7,198	3,999
OP Units	'	'	'	'
Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]	'	'	'	'
Antidilutive securities excluded from computation of earnings per share (in shares)	'	'	90	90
Class B Units	'	'	'	'
Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]	'	'	'	'
Antidilutive securities excluded from computation of earnings per share (in shares)	'	'	12,940	0

Subsequent_Events_Sale_of_Comm

Subsequent Events - Sale of Common Stock (Details) (USD $)	6 Months Ended		15 Months Ended	20 Months Ended	0 Months Ended		1 Months Ended	21 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Jun. 30, 2014	Aug. 01, 2014	Jul. 23, 2014	Jul. 31, 2014	Jul. 31, 2014	Jul. 23, 2014
					Subsequent Event	Subsequent Event	Subsequent Event	Subsequent Event	Subsequent Event
Subsequent Event [Line Items]	'	'	'	'	'	'	'	'	'
Share reallocated under DRIP	'	'	'	'	'	13,900,000	'	'	'
Remaining unsold shares under a Drip	'	'	'	'	'	'	'	'	14,200,000
Additional shares issued under DRIP (in shares)	'	'	'	'	25,000,000	'	'	'	'
Common stock, shares outstanding	52,057,557	'	7,529,789	52,057,557	'	'	71,100,000	71,100,000	'
Proceeds from issuance of common stock	$1,074,428	$28,182	$186,800	$1,300,000	'	'	$1,800,000	'	'
Common stock	$1,099,484	'	'	$1,294,188	'	'	$473,573	$1,767,761	'

Subsequent_Events_Acquisitions

Subsequent Events - Acquisitions (Details) (USD $)	6 Months Ended			1 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014		Jun. 30, 2013	Aug. 06, 2014
	property		property	Subsequent Event
	sqft			property
				sqft
Property Acquisition [Roll Forward]	'		'	'
Number of Properties, Acquisitions	17		2	13
Rentable Square Feet, Acquisitions	'		'	389,441
Base Purchase Price, Acquisitions	'		'	$94,056	[1]
Ending Balance, Number of Properties	24		'	37
Ending Balance, Rentable Square Feet	728,000		'	1,117,441
Ending Balance, Base Purchase Price	$183,090	[1]	'	$277,146	[1]
[1]	Contract purchase price, excluding acquisition related costs.