Sila Realty Trust (SILA) 10-Q 14 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015	11-May-15
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Entity Registrant Name	Carter Validus Mission Critical REIT II, Inc.
Entity Central Index Key	1567925
Current Fiscal Year End Date	-19
Entity Filer Category	Non-accelerated Filer
Class A shares [Member]
Entity Common Stock, Shares Outstanding		23,342,000
Class T shares [Member]
Entity Common Stock, Shares Outstanding		0

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
Real estate:
Land	$16,073,000	$14,515,000
Buildings and improvements, less accumulated depreciation of $678 and $133, respectively	90,921,000	68,100,000
Acquired intangible assets, less accumulated amortization of $203 and $58, respectively	9,768,000	6,442,000
Total real estate, net	116,762,000	89,057,000
Cash and cash equivalents	29,859,000	3,694,000
Other assets	5,690,000	5,115,000
Total assets	152,311,000	97,866,000
Liabilities:
Credit facility	0	37,500,000
Accounts payable due to affiliates	2,068,000	2,626,000
Accounts payable and other liabilities	2,470,000	635,000
Total liabilities	4,538,000	40,761,000
Stockholders' equity:
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized; none outstanding, respectively
Additional paid-in capital	152,731,000	60,081,000
Accumulated deficit	-5,136,000	-3,049,000
Total stockholders' equity	147,771,000	57,103,000
Noncontrolling interests	2,000	2,000
Total equity	147,773,000	57,105,000
Total liabilities and stockholders' equity	152,311,000	97,866,000
Class A shares [Member]
Stockholders' equity:
Common stock, value, issued	176,000	71,000
Class T shares [Member]
Stockholders' equity:
Common stock, value, issued

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, except Share data, unless otherwise specified
Buildings and improvements, accumulated depreciation	$678	$133
Acquired intangible assets, accumulated amortization	$203	$58
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares outstanding	0	0
Class A shares [Member]
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares outstanding	17,558,837	7,110,501
Class T shares [Member]
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares outstanding	0	0

Condensed_Consolidated_Stateme

Condensed Consolidated Statement of Operations (USD $)	3 Months Ended
	Mar. 31, 2015
Revenue:
Rental revenue	$2,223,000
Tenant reimbursement revenue	87,000
Total revenue	2,310,000
Expenses:
Rental expenses	135,000
General and administrative expenses	479,000
Acquisition related expenses	716,000
Asset management fees	205,000
Depreciation and amortization	684,000
Total expenses	2,219,000
Income from operations	91,000
Interest expense	370,000
Net loss attributable to common stockholders	($279,000)
Distributions declared per common share	$0.16
Class A shares [Member]
Weighted average number of common shares outstanding:
Basic and diluted	11,612,028
Net loss per common share attributable to common stockholders:
Basic and diluted	($0.02)

Condensed_Consolidated_Stateme1

Condensed Consolidated Statement Of Stockholders' Equity (USD $)	Class A shares [Member]	Parent [Member]	Additional Paid in Capital [Member]	Accumulated Deficit [Member]	Noncontrolling Interest [Member]	Total
	Common Stock [Member]
Balance, at Dec. 31, 2014	$71,000	$57,103,000	$60,081,000	($3,049,000)	$2,000	$57,105,000
Balance, shares at Dec. 31, 2014	7,110,501
Issuance of common stock, shares	10,366,764
Issuance of common stock	104,000	103,191,000	103,087,000			103,191,000
Issuance of common stock under the distribution reinvestment plan, shares	81,572
Issuance of common stock under the distribution reinvestment plan	1,000	776,000	775,000			776,000
Commissions on sale of common stock and related dealer manager fees		-9,889,000	-9,889,000			-9,889,000
Other offering costs		-1,329,000	-1,329,000			-1,329,000
Stock-based compensation		6,000	6,000			6,000
Distributions declared to common stockholders		-1,808,000		-1,808,000		-1,808,000
Net loss		-279,000		-279,000		-279,000
Balance, at Mar. 31, 2015	$176,000	$147,771,000	$152,731,000	($5,136,000)	$2,000	$147,773,000
Balance, shares at Mar. 31, 2015	17,558,837

Condensed_Consolidated_Stateme2

Condensed Consolidated Statement Of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Cash flows from operating activities:
Net loss	($279)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	684
Amortization of deferred financing costs	132
Amortization of above-market leases	6
Straight-line rent	-315
Stock-based compensation	6
Changes in operating assets and liabilities:
Accounts payable and other liabilities	1,337
Accounts payable due to affiliates	294
Other assets	-278
Net cash provided by operating activities	1,587
Cash flows from investing activities:
Investment in real estate	-28,383
Development expenditures	-12
Payments to escrow funds	-2
Net cash used in investing activities	-28,397
Cash flows from financing activities:
Proceeds from issuance of common stock	103,191
Proceeds from credit facility	2,000
Payments on credit facility	-39,500
Payments of deferred financing costs	-112
Offering costs on issuance of common stock	-12,070
Distributions to stockholders	-534
Net cash provided by financing activities	52,975
Net change in cash and cash equivalents	26,165
Cash and cash equivalents - Beginning of period	3,694
Cash and cash equivalents - End of period	29,859
Supplemental cash flow disclosure:
Interest paid	157
Supplemental disclosure of non-cash transactions:
Common stock issued through distribution reinvestment plan	$776

Organization_and_Business_Oper

Organization and Business Operations	3 Months Ended
	Mar. 31, 2015
Organization and Business Operations [Abstract]
Organization and Business Operations	Note 1—Organization and Business Operations
	Carter Validus Mission Critical REIT II, Inc., or the Company, is a Maryland corporation that was formed on January 11, 2013, that believes it currently qualifies, and intends to elect to be taxed, as a real estate investment trust, or a REIT, under the Internal Revenue Code of 1986, as amended, for federal income tax purposes commencing with its taxable year ended December 31, 2014. The Company commenced principal operations on July 3, 2014 when it satisfied the minimum offering requirement and issued approximately 213,333 shares of Class A common stock for gross proceeds of $2,000,000. Substantially all of the Company’s business is conducted through Carter Validus Operating Partnership II, LP, a Delaware limited partnership, or the Operating Partnership, formed on January 10, 2013. The Company is the sole general partner of the Operating Partnership and Carter Validus Advisors II, LLC, or the Advisor, is the initial limited partner of the Operating Partnership. As of March 31, 2015, the Company owned a 99.999% interest in the Operating Partnership and the Advisor owned a 0.001% interest in the Operating Partnership.
	The Company is offering for sale a maximum of $2,350,000,000 in shares of common stock, consisting of up to $2,250,000,000 of shares in its primary offering and up to $100,000,000 of shares of common stock to be made available pursuant to the Company’s distribution reinvestment plan, or the DRIP, on a “best efforts” basis pursuant to a registration statement on Form S-11 filed with the Securities and Exchange Commission, or the SEC, under the Securities Act of 1933, as amended, or the Offering (SEC File Number: 333-191706, effective May 29, 2014), or the Registration Statement. The Company is offering two classes of shares of common stock, Class A shares and Class T shares, in any combination with a dollar value up to the maximum primary offering amount. The initial offering price for the shares in the primary offering is $10.00 per Class A share and $9.574 per Class T share.
	As of March 31, 2015, the Company had accepted investors’ subscriptions for and issued approximately 17,539,000 shares of Class A common stock (including shares of common stock issued pursuant to the DRIP) in the Offering, resulting in receipt of gross proceeds of approximately $174,271,000, before selling commissions and dealer manager fees of approximately $16,365,000 and other offering costs of approximately $5,216,000. The Company had special escrow requirements for subscriptions from residents of Washington, the conditions of which were satisfied on September 8, 2014, and Pennsylvania, the conditions of which were satisfied on February 19, 2015. As of March 31, 2015, the Company had approximately $2,175,729,000 in Class A shares and Class T shares of common stock remaining in the Offering.
	Substantially all of the Company’s business is managed by the Advisor. Carter Validus Real Estate Management Services II, LLC, or the Property Manager, an affiliate of the Advisor, serves as the Company’s property manager. The Advisor and the Property Manager received, and will continue to receive, fees for services related to the acquisition and operational stages. The Advisor also will receive fees during the liquidation stage. SC Distributors, LLC, or the Dealer Manager, serves as the dealer manager of the Offering. On August 29, 2014, Validus/Strategic Capital Partners, LLC (now known as Strategic Capital Management Holdings, LLC, or SCMH), the indirect parent of the Dealer Manager and the direct parent of Strategic Capital Advisory Services, LLC, was acquired by RCS Capital Corporation. SCMH is a non-voting minority member of the sole owner of the Advisor. The Company believes that there has been no impact to the operations of the Company as a result of this transaction. The Dealer Manager has received and will continue to receive fees for services related to the Offering.
	The Company was formed to invest primarily in quality income-producing commercial real estate, with a focus on data centers and healthcare properties, preferably with long-term net leases to investment grade and other creditworthy tenants, as well as to make other real estate-related investments that relate to such property types. Real estate-related investments may include equity or debt interests, including securities, in other real estate entities. The Company also may originate or invest in real estate-related debt. The Company expects real estate-related debt originations and investments to be focused on first mortgage loans, but also may include real estate-related bridge loans, mezzanine loans and securitized debt. As of March 31, 2015, the Company owned eight real estate investment properties in seven metropolitan statistical areas, or MSAs.
	Except as the context otherwise requires, “we,” “our,” “us,” and the “Company” refer to Carter Validus Mission Critical REIT II, Inc., the Operating Partnership and all wholly-owned subsidiaries.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2—Summary of Significant Accounting Policies
	The summary of significant accounting policies presented below is designed to assist in understanding the Company’s condensed consolidated financial statements. Such condensed consolidated financial statements and the accompanying notes thereto are the representation of management. The accompanying condensed consolidated unaudited financial statements of the Company have been prepared in accordance with the generally accepted accounting principles in the United States, or GAAP, for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments, consisting of normal and recurring nature considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015.
	The condensed consolidated balance sheet at December 31, 2014 has been derived from the audited consolidated financial statements at that date but does not include all of the information and notes required by GAAP for complete financial statements. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with the Company’s audited consolidated financial statements as of and for the year ended December 31, 2014 and related notes thereto set forth in the Company’s Annual Report on Form 10-K, filed with the SEC on March 26, 2015.  As of March 31, 2014, the Company had no properties, and therefore, had not generated rental revenue or incurred operating expenses. As a result, no period-to-period comparisons have been included.
	Principles of Consolidation and Basis of Presentation
	The accompanying condensed consolidated financial statements include the accounts of the Company, the Operating Partnership, and all wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.
	Use of Estimates
	The preparation of the financial statements and accompanying notes in conformity with GAAP requires the Company to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates are made and evaluated on an on-going basis using information that is currently available as well as various other assumptions believed to be reasonable under the circumstances. Actual results could differ from those estimates.
	Earnings Per Share
	The Company calculates basic earnings per share by dividing net income (loss) for the period by the weighted average shares of its common stock outstanding for that period. Diluted earnings per share are computed based on the weighted average number of shares outstanding and all potentially dilutive securities. Shares of non-vested restricted common stock give rise to potentially dilutive shares of common stock. For the three months ended March 31, 2015, there were 9,000 shares of non-vested shares of restricted common stock outstanding, but such shares were excluded from the computation of diluted earnings per share because such shares were anti-dilutive during the periods.
	Reportable Segments
	Accounting Standards Codification, or ASC, 280, Segment Reporting, establishes standards for reporting financial and descriptive information about an enterprise’s reportable segments. As of March 31, 2015, 100% of the Company’s consolidated revenues were generated from real estate investments in healthcare properties. The Company’s chief operating decision maker reviews operating performance and financial data for each property on an individual basis; therefore, the Company defines an individual property as an operating segment. The individual properties meet the aggregation criteria and are reported in one reportable segment.
	Concentration of Credit Risk and Significant Leases
	As of March 31, 2015, the Company had cash on deposit in several financial institutions which were in excess of current federally insured levels totaling approximately $30,143,000. The Company limits its cash investments to financial institutions with high credit standing; therefore, the Company believes it is not exposed to any significant credit risk on its cash deposits. To date, the Company has experienced no loss or lack of access to cash in its accounts. Concentration of credit risk with respect to accounts receivable from tenants is limited.
	As of March 31, 2015, the Company owned real estate investments in seven MSAs, three of which accounted for 10.0% or more of rental revenue. The property located in the Dallas-Fort Worth-Arlington, Texas MSA accounted for 44.6% of rental revenue for the three months ended March 31, 2015; the property located in the Boston-Cambridge-Newton, Massachusetts-New Hampshire MSA accounted for 26.0% of rental revenue for the three months ended March 31, 2015; and the property located in the Kansas City, Missouri-Kansas MSA accounted for 12.0% of rental revenue for the three months ended March 31, 2015.
	As of March 31, 2015, the Company had three tenants that accounted for 10.0% or more of rental revenue. The lease with Fort Worth Surgicare Partners, Ltd. accounted for 43.6% of rental revenue for the three months ended March 31, 2015; the lease with New England Sinai Hospital, A Steward Family Hospital, Inc., accounted for 26.0% of rental revenue for the three months ended March 31, 2015; and the lease with Heartland Rehabilitation Hospital, LLC accounted for 12.0% of rental revenue for the three months ended March 31, 2015.
	Fair Value
	ASC 820, Fair Value Measurements and Disclosures, or ASC 820, defines fair value, establishes a framework for measuring fair value in accordance with GAAP and expands disclosures about fair value measurements. ASC 820 emphasizes that fair value is intended to be a market-based measurement, as opposed to a transaction-specific measurement.
	Fair value is defined by ASC 820 as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate the fair value. Assets and liabilities are measured using inputs from three levels of the fair value hierarchy, as follows:
	Level 1—Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. An active market is defined as a market in which transactions for the assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis.
	Level 2—Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active (markets with few transactions), inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data correlation or other means (market corroborated inputs).
	Level 3—Unobservable inputs, only used to the extent that observable inputs are not available, reflect the Company’s assumptions about the pricing of an asset or liability.
	The following describes the methods the Company used to estimate the fair value of the Company’s financial assets and liabilities:
	Cash and cash equivalents, restricted cash, tenant receivables, real estate escrow deposits, prepaid assets, accounts payable and other liabilities—The Company considers the carrying values of these financial instruments, assets and liabilities to approximate fair value because of the short period of time between origination of the instruments and their expected realization.
	Credit facility—The carrying value of the variable rate credit facility approximates fair value as the interest rate on the credit facility resets to market on a monthly basis.
	Recently Issued Accounting Pronouncements
	On May 28, 2014, the Financial Accounting Standards Board, or the FASB, issued Accounting Standards Update, or ASU, 2014-09, Revenue from Contracts with Customers, or ASU 2014-09. The objective of ASU 2014-09 is to clarify the principles for recognizing revenue and to develop a common revenue standard for GAAP. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods and 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. ASU 2014-09 defines a five-step process to achieve this core principle, which may require more judgment and estimates within the revenue recognition process than are required under existing GAAP. The adoption of ASU 2014-09 is effective retrospectively for reporting periods beginning after December 15, 2016. Early adoption of ASU 2014-09 is not permitted. The Company is in the process of evaluating the impact ASU 2014-09 will have on the Company’s condensed consolidated financial statements.
	On February 18, 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis, or ASU 2015-02, that changes the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. The amendment affects the following areas: limited partnerships and similar legal entities, evaluating fees paid to a decision maker or a service provider as a variable interest, the effect of fee arrangements on the primary beneficiary determination and certain investment funds. Under the amendment, all reporting entities are within the scope of Subtopic 810-10, Consolidation- Overall, unless a scope exception applies. The presumption that a general partner controls a limited partnership has been eliminated. In addition, fees paid to decision makers that meet certain conditions no longer cause decision makers to consolidate variable interest entities in certain instances. The amendment is effective for public business entities for periods beginning after December 15, 2015. Early adoption of ASU 2015-02 is permitted. The Company is in process of evaluating the impact ASU 2015-02 will have in the Company’s condensed consolidated financial statements.
	On April 7, 2015, the FASB issued ASU 2015-03, Interest- Imputation of Interest, or ASU 2015-03, that intends to simplify the presentation of debt issuance costs. The amendment requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. The amendment is effective for public business entities for periods beginning after December 15, 2015. The Company is in process of evaluating the impact ASU 2015-03 will have in the Company’s condensed consolidated financial statements.

Real_Estate_Investments

Real Estate Investments	3 Months Ended
	Mar. 31, 2015
Real Estate Investments [Abstract]
Real Estate Investments	Note 3—Real Estate Investments
	During the three months ended March 31, 2015, the Company completed the acquisition of two healthcare real estate investment properties for an aggregate purchase price of $28,383,000, plus closing costs, or the 2015 Acquisitions, which were determined to be business combinations. The Company funded the purchase price of the acquisitions using net cash proceeds from the Offering. The following table summarizes the 2015 Acquisitions:
			Date		Ownership
	Property Description		Acquired		Percentage
	Winter Haven Healthcare Facility		1/27/15		100%
	Heartland Rehabilitation Hospital		2/17/15		100%
	Results of operations for the 2015 Acquisitions are reflected in the accompanying condensed consolidated statement of operations for the three months ended March 31, 2015 for the period subsequent to the acquisition date of each property. For the period from the acquisition date through March 31, 2015, the Company recognized approximately $353,000 of revenues and net loss of approximately $429,000 for the 2015 Acquisitions. In addition, during the three months ended March 31, 2015, the Company incurred aggregate charges related to acquisition fees and costs of $622,000 in connection with the 2015 Acquisitions, which are included in the accompanying condensed consolidated statement of operations. The total amount of all acquisition fees and expenses are limited to 6.0% of the contract purchase price of the property. The contract purchase price is the amount actually paid or allocated in respect of the purchase, development, construction or improvement of a property exclusive of acquisition fees and acquisition expenses. For the three months ended March 31, 2015, acquisition fees and expenses did not exceed 6.0% of the contract purchase price of the Company’s acquisitions during such period.
	The following table summarizes the Company’s allocation of the fair value purchase price of the 2015 Acquisitions acquired during the three months ended March 31, 2015 (amounts in thousands):
		Total
	Land	$	1,558
	Buildings and improvements		23,241
	In-place leases		2,827
	Tenant improvements		113
	Ground leasehold assets		644
	Total assets acquired	$	28,383
	Assuming the 2015 Acquisitions described above had occurred on January 1, 2015, pro forma revenues, net income and net income attributable to common stockholders would have been as follows (amounts in thousands, unaudited):
			Three Months Ended
			March 31,
			2015
	Pro forma basis:
	Revenues		$	2,648
	Net income attributable to common stockholders		$	626
	Net income per common share attributable to common stockholders:
	Class A basic and diluted		$	0.04
	The pro forma information for the three months ended March 31, 2015 was adjusted to exclude approximately $622,000 of acquisition expenses recorded related to the Company’s real estate investments. The pro forma information may not be indicative of what actual results of operations would have been had the transactions occurred at the beginning of 2015, nor is it necessarily indicative of future operating results.

Acquired_Intangible_Assets_Net

Acquired Intangible Assets, Net	3 Months Ended
	Mar. 31, 2015
Acquired Intangible Assets, Net [Abstract]
Acquired Intangible Assets, Net	Note 4—Acquired Intangible Assets, Net
	Acquired intangible assets, net, which are included in real estate in the accompanying condensed consolidated balance sheets, consisted of the following as of March 31, 2015 and December 31, 2014 (amounts in thousands, except weighted average life amounts):
		31-Mar-15		31-Dec-14
	In-place leases, net of accumulated amortization of $189 and $52, respectively (with a weighted average remaining life of 15.9 years and 14.6 years, respectively)	$	8,885	$	6,194
	Above-market leases, net of accumulated amortization of $12 and $6, respectively (with a weighted average remaining life of 9.2 years and 9.4 years, respectively)		241		248
	Ground lease interest, net of accumulated amortization of $2 (with a weighted average remaining life of 68.6 years)		642		—
		$	9,768	$	6,442
	The aggregate weighted average remaining life of the acquired intangible assets was 19.2 years and 14.4 years as of March 31, 2015 and December 31, 2014, respectively.

Other_Assets

Other Assets	3 Months Ended
	Mar. 31, 2015
Other Assets [Abstract]
Other Assets	Note 5—Other Assets
	Other assets consisted of the following as of March 31, 2015 and December 31, 2014 (amounts in thousands):
		31-Mar-15		31-Dec-14
	Deferred financing costs, net of accumulated
	amortization of $215 and $83, respectively	$	1,722	$	1,742
	Real estate escrow deposits		350		350
	Restricted cash held in escrow		2,924		2,922
	Tenant receivable		341		58
	Straight-line rent receivable		328		13
	Prepaid and other assets		25		30
		$	5,690	$	5,115

Future_Minimum_Rent

Future Minimum Rent	3 Months Ended
	Mar. 31, 2015
Future Minimum Rent [Abstract]
Future Minimum Rent	Note 6—Future Minimum Rent
	The Company’s real estate assets are leased to tenants under operating leases with varying terms. The leases frequently have provisions to extend the lease agreement. The Company retains substantially all of the risks and benefits of ownership of the real estate assets leased to tenants.
	The future minimum rental income from the Company’s investment in real estate assets under non-cancelable operating leases for the nine months ending December 31, 2015 and for each of the next four years ending December 31 and thereafter, are as follows (amounts in thousands):
	Year	Amount
	Nine months ending December 31, 2015	$	6,564
	2016		8,919
	2017		9,094
	2018		9,273
	2019		9,434
	Thereafter		119,113
		$	162,397

Credit_Facility

Credit Facility	3 Months Ended
	Mar. 31, 2015
Credit Facility [Abstract]
Credit Facility	Note 7—Credit Facility
	Significant activity regarding the secured revolving credit facility since December 31, 2014 includes:
		·	During the three months ended March 31, 2015, the Company made a draw of $2,000,000 on the credit facility.
		·	During the three months ended March 31, 2015, the Company repaid $39,500,000 on the credit facility.
		·	During the three months ended March 31, 2015, the Company increased the borrowing base availability under the credit facility by $13,109,000 by adding one property to the aggregate pool availability.
		·	As of March 31, 2015, the Company had no debt outstanding and an aggregate pool availability of $65,047,000 under the credit facility.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 8—Commitments and Contingencies
	Litigation
	In the ordinary course of business, the Company may become subject to litigation or claims. As of March 31, 2015, there were, and currently there are, no material pending legal proceedings to which the Company is a party.

RelatedParty_Transactions_and_

Related-Party Transactions and Arrangements	3 Months Ended
	Mar. 31, 2015
Related-Party Transactions and Arrangements [Abstract]
Related-Party Transactions and Arrangements	Note 9—Related-Party Transactions and Arrangements
	The Company reimburses the Advisor and its affiliates for organization and offering expenses it incurs on the Company’s behalf, but only to the extent the reimbursement would not cause the selling commissions, dealer manager fees, distribution fees and other organization and offering expenses to exceed 15% of the gross proceeds of the Offering. The Company expects that organization and offering expenses (other than selling commissions, dealer manager fees, and distribution fees) will be approximately 1.25% of the gross proceeds. As of March 31, 2015, the Advisor and its affiliates incurred approximately $5,708,000 on the Company’s behalf in offering costs. The Company reimbursed approximately $3,562,000 in offering expenses to the Advisor, or its affiliates, and accrued approximately $1,672,000 of other organization and offering expenses, the total of which represents the Company’s maximum liability for other organization and offering costs as of March 31, 2015. Other organization expenses are expensed as incurred and offering expenses are charged to stockholders’ equity as incurred or as such amounts are reimbursed to the Advisor.
	The Company pays to the Advisor 2.0% of the contract purchase price of each property or asset acquired and 2.0% of the amount advanced with respect to a mortgage loan. For the three months ended March 31, 2015, the Company paid approximately $568,000 in acquisition fees to the Advisor or its affiliates. In addition, the Company reimburses the Advisor for acquisition expenses incurred in connection with the selection and acquisition of properties or other real estate-related investments (including expenses relating to potential investments that the Company does not close), such as legal fees and expenses, costs of real estate due diligence, appraisals, non-refundable option payments on property not acquired, travel and communications expenses, accounting fees and expenses and title insurance premiums, whether or not the property was acquired. The Company expects these expenses will be approximately 0.75% of the purchase price of each property or real estate-related investment. For the three months ended March 31, 2015, the Advisor incurred approximately $4,000 in acquisition expenses on the Company’s behalf and the Company reimbursed approximately $6,000 in acquisition expenses to the Advisor or its affiliates.
	The Company pays to the Advisor an asset management fee calculated on a monthly basis in an amount equal to 1/12th of 0.75% of gross assets (including amounts borrowed), which is payable monthly in arrears. The Advisor may, in its sole discretion, choose to take any monthly asset management fee in the form of subordinated restricted Class B Units of the Operating Partnership. In the event the Advisor chooses to be compensated in Class B Units, then the Operating Partnership will, within 30 days after the end of the applicable month (subject to the approval of the board of directors), issue a number of restricted Class B Units to the Advisor equal to: (i) the cost of assets multiplied by 0.0625% (or the lower of the cost of assets and the applicable quarterly net asset value, or NAV, multiplied by 0.0625%, once the Company begins calculating NAV) divided by (ii) the value of one Class A share of common stock as of the last day of such calendar month, which will be the offering price, less selling commissions and dealer manager fees, until such time as the Company calculates NAV, when it will then be the per share NAV for Class A shares. The Advisor will be entitled to receive certain distributions of net sales proceeds on the vested and unvested Class B Units it receives in connection with its assets management services at the same rate as distributions received on the Company’s common stock. Such distributions will be in addition to the incentive fees the Advisor and its affiliates may receive from the Company, including, without limitation the subordinated participation in net sales proceeds, the subordinated incentive listing distribution or the subordinated distribution upon termination of the Advisory agreement, as applicable.
	Class B Units are subject to forfeiture until such time as: (a) the value of the Operating Partnership’s assets plus all distributions made equals or exceeds the total amount of capital contributed by investors plus a 6.0% cumulative, pretax, non-compounded annual return thereon, or the economic hurdle; (b) any one of the following events occurs concurrently with or subsequently to the achievement of the economic hurdle described above: (i) a listing of the Company’s common stock on a national securities exchange; (ii) a transaction to which the Company or the Operating Partnership shall be a party, as a result of which operating partnership units or common stock shall be exchanged for or converted into the right, or the holders of such securities shall otherwise be entitled, to receive cash, securities or other property or any combination thereof; or (iii) the termination of the Advisory Agreement without cause; and (c) the Advisor pursuant to the Advisory Agreement is providing services to the Company immediately prior to the occurrence of an event of the type described in clause (b) above, unless the failure to provide such services is attributable to the termination without cause of the Advisory Agreement by an affirmative vote of a majority of the Company’s independent directors after the economic hurdle described above has been met. Any outstanding Class B Units will be forfeited immediately if the Advisory Agreement is terminated for any reason other than a termination without cause. Any outstanding Class B Units will be forfeited immediately if the Advisory Agreement is terminated without cause by an affirmative vote of a majority of the Company’s board of directors before the economic hurdle described above has been met. For the three months ended March 31, 2015, the Company incurred approximately $205,000 in asset management fees. For the three months ended March 31, 2015, the Company paid to the Advisor approximately $66,000 in asset management fees. As of March 31, 2015, the Company did not issue any Class B Units.
	In connection with the rental, leasing, operation and management of the Company’s properties, the Company pays the Property Manager and its affiliates aggregate fees equal to 3.0% of gross revenues from the properties managed. The Company will reimburse the Property Manager and its affiliates for property-level expenses that any of them pay or incur on the Company’s behalf, including salaries, bonuses and benefits of persons employed by the Property Manager and its affiliates except for the salaries, bonuses and benefits of persons who also serve as one of its executive officers. The Property Manager and its affiliates may subcontract the performance of their duties to third parties and pay all or a portion of the property management fee to the third parties with whom they contract for these services. If the Company contracts directly with third parties for such services, it will pay them customary market fees and may pay the Property Manager an oversight fee equal to 1.0% of the gross revenues of the properties 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. The Company also will pay the Property Manager a separate fee for the one-time initial rent-up, leasing-up of newly constructed properties or re-leasing to existing tenants in an amount not to exceed the fee customarily charged in arm’s length transactions by others rendering similar services in the same geographic area for similar properties as determined by a survey of brokers and agents in such area and which is typically less than $1,000. For the three months ended March 31, 2015, the Company incurred approximately $60,000 in property management fees to the Property Manager. For the three months ended March 31, 2015, the Company paid approximately $41,000 in property management fees to the Property Manager.
	For acting as general contractor and/or construction manager to supervise or coordinate projects or to provide major repairs or rehabilitation on our properties, the Company may pay the Property Manager up to 5.0% of the cost of the projects, repairs and/or rehabilitation, as applicable. For the three months ended March 31, 2015, the Company did not incur any construction management fees.
	The Company reimburses the Advisor for all expenses it paid or incurred in connection with the services provided to the Company, subject to certain limitations. The Company will not reimburse the Advisor for personnel costs in connection with services for which the Advisor receives an acquisition fee or a disposition fee. For the three months ended March 31, 2015, the Advisor allocated approximately $163,000 in operating expenses to the Company. For the three months ended March 31, 2015, the Company reimbursed approximately $51,000 in operating expenses to the Advisor.
	The Company will pay its Advisor, or its affiliates, if it provides a substantial amount of services (as determined by a majority of the Company’s independent directors) in connection with the sale of properties, a disposition fee, up to the lesser of 1.0% of the contract sales price and one-half of the total brokerage commission paid if a third party broker is also involved, without exceeding the lesser of 6.0% of the contract sales price and a reasonable, customary and competitive real estate commission. For the three months ended March 31, 2015, the Company did not incur any disposition fees to the Advisor or its affiliates.
	The Advisor will receive 15% of the remaining net sale proceeds after return of capital contributions plus payment to investors of a 6.0% annual cumulative, non-compounded return on the capital contributed by investors. For the three months ended March 31, 2015, the Company did not incur any subordinated sale fees to the Advisor or its affiliates.
	Upon the listing of the Company’s shares on a national securities exchange, which the Company has no intention to do at this time, the Advisor will receive 15.0% of the amount by which the sum of the Company’s adjusted market value plus distributions exceeds the sum of the aggregate capital contributed by investors plus an amount equal to a 6.0% annual cumulative, non-compounded return to investors. For the three months ended March 31, 2015, the Company did not incur any subordinated incentive listing fees to the Advisor or its affiliates.
	Upon termination or non-renewal of the Advisory Agreement, with or without cause, the Advisor will be entitled to receive distributions from the Operating Partnership equal to 15% of the amount by which the sum of the Company’s adjusted market value plus distributions exceeds the sum of the aggregate capital contributed by investors plus an amount equal to an annual 6.0% cumulative, non-compounded return to investors. In addition, the Advisor may elect to defer its right to receive a subordinated distribution upon termination until either shares of the Company’s common stock are listed and traded on a national securities exchange or another liquidity event occurs. For the three months ended March 31, 2015, the Company did not incur any subordinated termination fees to the Advisor or its affiliates.
	Certain affiliates of the Company receive fees in connection with the Offering and will continue to receive fees during the acquisition, management and sale of assets of the Company.  The Company pays the Dealer Manager selling commissions of up to 7.0% of the gross offering proceeds per Class A share and up to 3.0% of gross offering proceeds per Class T share. All selling commissions are expected to be re-allowed to participating broker-dealers. The Company will not pay selling commissions with respect to shares of any class sold pursuant to the DRIP. In addition, the Company pays the Dealer Manager a dealer manager fee of up to 3.0% of gross offering proceeds from the sale of Class A and Class T shares, provided, however that the dealer manager fee the Company pays on the Class T shares may be changed in the future. The dealer manager fee may be partially re-allowed to participating broker-dealers. No dealer manager fees will be paid in connection with purchases of shares made pursuant to the DRIP. For the three months ended March 31, 2015, the Company paid the Dealer Manager approximately $9,889,000 for selling commissions and dealer manager fees in connection with the Offering.
	The Company will pay the Dealer Manager a distribution fee with respect to its Class T shares that are sold in the Offering that accrues daily in an amount equal to 1/365th of .80% of the amount of the purchase price per share (or, once reported, the net asset value per share for such day) on a continuous basis from year to year. Termination of such payment will commence on the earlier to occur of the following: (i) a listing of the Class T shares on a national securities exchange, (ii) following the completion of the Offering, total underwriting compensation in the Offering equaling 10% of the gross proceeds from the primary portion of the Offering, or (iii) such Class T shares no longer being outstanding. The Dealer Manager may re-allow the distribution fee to participating broker-dealers and servicing broker-dealers. The distribution fee will be paid monthly in arrears. The distribution fee will not be payable with respect to Class T shares issued under the DRIP. The Company will not pay a distribution fee with respect to Class A shares. For the three months ended March 31, 2015, the Company did not incur any distribution fees to the Dealer Manager.
	Accounts Payable Due to Affiliates
	The following amounts were outstanding due to affiliates as of March 31, 2015 and December 31, 2014 (amounts in thousands):
	Entity	Fee	31-Mar-15		31-Dec-14
	Carter Validus Advisors II, LLC and its affiliates	Asset management fees	$	205	$	66
	Carter Validus Real Estate Management Services II, LLC	Property management fees		23		3
	Carter/Validus Advisors, LLC and its affiliates	General and administrative costs		13		15
	Carter Validus Advisors II, LLC and its affiliates	General and administrative costs		154		14
	Carter Validus Advisors II, LLC and its affiliates	Offering costs		1,672		2,524
	Carter Validus Advisors II, LLC and its affiliates	Acquisition expenses and fees		1		4
			$	2,068	$	2,626

Accounts_Payable_and_Other_Lia

Accounts Payable and Other Liabilities	3 Months Ended
	Mar. 31, 2015
Accounts Payable and Other Liabilities [Abstract]
Accounts Payable and Other Liabilities	Note 10—Accounts Payable and Other Liabilities
	Accounts payable and other liabilities, as of March 31, 2015 and December 31, 2014, were comprised of the following (amounts in thousands):
		31-Mar-15		31-Dec-14
	Accounts payable and accrued expenses	$	810	$	225
	Accrued interest expense		127		47
	Distributions to stockholders payable		823		325
	Deferred rental income		703		31
	Intangible lease liability		7		7
		$	2,470	$	635

Economic_Dependency

Economic Dependency	3 Months Ended
	Mar. 31, 2015
Economic Dependency [Abstract]
Economic Dependency	Note 11—Economic Dependency
	The Company is dependent on the Advisor and its affiliates for certain services that are essential to the Company, including the sale of the Company’s shares of common and preferred stock available for issue; the identification, evaluation, negotiation, purchase and disposition of real estate investments and other investments; the management of the daily operations of the Company’s real estate portfolio; and other general and administrative responsibilities. In the event that these companies are unable to provide the respective services, the Company will be required to obtain such services from other sources.

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Subsequent Events
	Note 12—Subsequent Events
	Distributions to Stockholders Paid
	On April 1, 2015, the Company paid aggregate distributions of approximately $823,000 ($317,000 in cash and $506,000 in shares of the Company’s common stock pursuant to the DRIP), which related to distributions declared for each day in the period from March 1, 2015 through March 31, 2015. On May 1, 2015, the Company paid aggregate distributions of approximately $1,039,000 ($393,000 in cash and $646,000 in shares of the Company’s common stock pursuant to the DRIP), which related to distributions declared for each day in the period from April 1, 2015 through April 30, 2015.
	Distributions Declared
	On May 7, 2015, the board of directors of the Company approved and declared a distribution to the Company’s stockholders of record as of the close of business on each day of the period commencing on June 1, 2015 and ending on August 31, 2015. The distributions will be calculated based on 365 days in the calendar year and will be equal to $0.001753425 per share of Class A common stock, which is equal to an annualized distribution rate of 6.4%, assuming a purchase price of $10.00 per share of Class A common stock. The distributions declared for each record date in June 2015, July 2015 and August 2015 will be paid in July 2015, August 2015 and September 2015, respectively. As of May 11, 2015, there were no shares of Class T common stock outstanding. The distributions will be payable to stockholders from legally available funds therefor.
	Status of the Offering
	As of May 11, 2015, the Company had accepted investors’ subscriptions for and issued approximately 23,342,000 shares of Class A common stock in the Offering, resulting in receipt of gross proceeds of approximately $231,990,000, including shares of its common stock issued pursuant to its DRIP. As of May 11, 2015, the Company had approximately $2,118,010,000 in Class A shares and Class T shares of common stock remaining in the Offering.
	Acquisition of the Indianapolis Data Center
	On April 1, 2015, the Company completed the acquisition of a 100% fee simple interest in a data center property, or the Indianapolis Data Center, for a purchase price of $7,500,000, plus closing costs. The Company financed the purchase of the Indianapolis Data Center using net proceeds from the Offering. The Indianapolis Data Center will be leased to a single tenant and was determined to be an asset acquisition.
	Increase in Borrowing Base Availability Under the Credit Facility
	On April 1, 2015, the Company added the Indianapolis Data Center to the collateral pool of the credit facility, which increased the borrowing base availability under the credit facility by approximately $4,804,000. As of May 11, 2015, the aggregate borrowing base availability was $69,896,000 under the Credit Facility and there was no outstanding balance under the Credit Facility.
	Potential Acquisition
	On April 24, 2015, the Company, through a wholly owned subsidiary of the Operating Partnership, entered into a purchase agreement, or the Purchase Agreement, with an unaffiliated seller, for the purchase of 100% of the fee simple interest in an approximately 33,000 square foot surgical center. The terms of the Purchase Agreement provide for a purchase price of $25,000,000, plus closing costs.
	First Amendment to and Renewal of Management Agreement
	On May 7, 2015, the Company entered into an amendment, or the First Amendment, to the Management Agreement, as amended and renewed, or the Management Agreement, by and among the Company, the Operating Partnership and the Property Manager, dated May 19, 2014.  The purpose of the First Amendment is to clarify certain fees payable to the Property Manager in connection with leasing properties and to conform certain terms of the Compensation the Company is required to pay the Property Manager with the disclosure contained in the prospectus that is part of the Company’s Registration Statement, as amended and supplemented from time to time.
	On May 7, 2015, the board of directors, including all independent directors of the Company, after review of the Property Manager’s performance during the last year, renewed the Management Agreement, as amended by the First Amendment. The renewal will be for a one-year term and will be effective as of May 19, 2015.
	Renewal of Advisory Agreement
	On May 7, 2015, the board of directors, including all independent directors of the Company, after review of the Advisor’s performance during the last year, renewed the Amended and Restated Advisory Agreement, by and among the Company, the Operating Partnership and the Advisor, dated June 10, 2015, as amended. The renewal will be for a one-year term and will be effective as of June 10, 2015.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policy)	3 Months Ended
	Mar. 31, 2015
Summary of Significant Accounting Policies [Abstract]
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation
	The accompanying condensed consolidated financial statements include the accounts of the Company, the Operating Partnership, and all wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates
	The preparation of the financial statements and accompanying notes in conformity with GAAP requires the Company to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates are made and evaluated on an on-going basis using information that is currently available as well as various other assumptions believed to be reasonable under the circumstances. Actual results could differ from those estimates.
Earnings Per Share	Earnings Per Share
	The Company calculates basic earnings per share by dividing net income (loss) for the period by the weighted average shares of its common stock outstanding for that period. Diluted earnings per share are computed based on the weighted average number of shares outstanding and all potentially dilutive securities. Shares of non-vested restricted common stock give rise to potentially dilutive shares of common stock. For the three months ended March 31, 2015, there were 9,000 shares of non-vested shares of restricted common stock outstanding, but such shares were excluded from the computation of diluted earnings per share because such shares were anti-dilutive during the periods.
Reportable Segments	Reportable Segments
	Accounting Standards Codification, or ASC, 280, Segment Reporting, establishes standards for reporting financial and descriptive information about an enterprise’s reportable segments. As of March 31, 2015, 100% of the Company’s consolidated revenues were generated from real estate investments in healthcare properties. The Company’s chief operating decision maker reviews operating performance and financial data for each property on an individual basis; therefore, the Company defines an individual property as an operating segment. The individual properties meet the aggregation criteria and are reported in one reportable segment.
Concentration of Credit Risk and Significant Leases	Concentration of Credit Risk and Significant Leases
	As of March 31, 2015, the Company had cash on deposit in several financial institutions which were in excess of current federally insured levels totaling approximately $30,143,000. The Company limits its cash investments to financial institutions with high credit standing; therefore, the Company believes it is not exposed to any significant credit risk on its cash deposits. To date, the Company has experienced no loss or lack of access to cash in its accounts. Concentration of credit risk with respect to accounts receivable from tenants is limited.
	As of March 31, 2015, the Company owned real estate investments in seven MSAs, three of which accounted for 10.0% or more of rental revenue. The property located in the Dallas-Fort Worth-Arlington, Texas MSA accounted for 44.6% of rental revenue for the three months ended March 31, 2015; the property located in the Boston-Cambridge-Newton, Massachusetts-New Hampshire MSA accounted for 26.0% of rental revenue for the three months ended March 31, 2015; and the property located in the Kansas City, Missouri-Kansas MSA accounted for 12.0% of rental revenue for the three months ended March 31, 2015.
	As of March 31, 2015, the Company had three tenants that accounted for 10.0% or more of rental revenue. The lease with Fort Worth Surgicare Partners, Ltd. accounted for 43.6% of rental revenue for the three months ended March 31, 2015; the lease with New England Sinai Hospital, A Steward Family Hospital, Inc., accounted for 26.0% of rental revenue for the three months ended March 31, 2015; and the lease with Heartland Rehabilitation Hospital, LLC accounted for 12.0% of rental revenue for the three months ended March 31, 2015.
Fair Value	Fair Value
	ASC 820, Fair Value Measurements and Disclosures, or ASC 820, defines fair value, establishes a framework for measuring fair value in accordance with GAAP and expands disclosures about fair value measurements. ASC 820 emphasizes that fair value is intended to be a market-based measurement, as opposed to a transaction-specific measurement.
	Fair value is defined by ASC 820 as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate the fair value. Assets and liabilities are measured using inputs from three levels of the fair value hierarchy, as follows:
	Level 1—Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. An active market is defined as a market in which transactions for the assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis.
	Level 2—Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active (markets with few transactions), inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data correlation or other means (market corroborated inputs).
	Level 3—Unobservable inputs, only used to the extent that observable inputs are not available, reflect the Company’s assumptions about the pricing of an asset or liability.
	The following describes the methods the Company used to estimate the fair value of the Company’s financial assets and liabilities:
	Cash and cash equivalents, restricted cash, tenant receivables, real estate escrow deposits, prepaid assets, accounts payable and other liabilities—The Company considers the carrying values of these financial instruments, assets and liabilities to approximate fair value because of the short period of time between origination of the instruments and their expected realization.
	Credit facility—The carrying value of the variable rate credit facility approximates fair value as the interest rate on the credit facility resets to market on a monthly basis.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements
	On May 28, 2014, the Financial Accounting Standards Board, or the FASB, issued Accounting Standards Update, or ASU, 2014-09, Revenue from Contracts with Customers, or ASU 2014-09. The objective of ASU 2014-09 is to clarify the principles for recognizing revenue and to develop a common revenue standard for GAAP. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods and 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. ASU 2014-09 defines a five-step process to achieve this core principle, which may require more judgment and estimates within the revenue recognition process than are required under existing GAAP. The adoption of ASU 2014-09 is effective retrospectively for reporting periods beginning after December 15, 2016. Early adoption of ASU 2014-09 is not permitted. The Company is in the process of evaluating the impact ASU 2014-09 will have on the Company’s condensed consolidated financial statements.
	On February 18, 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis, or ASU 2015-02, that changes the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. The amendment affects the following areas: limited partnerships and similar legal entities, evaluating fees paid to a decision maker or a service provider as a variable interest, the effect of fee arrangements on the primary beneficiary determination and certain investment funds. Under the amendment, all reporting entities are within the scope of Subtopic 810-10, Consolidation- Overall, unless a scope exception applies. The presumption that a general partner controls a limited partnership has been eliminated. In addition, fees paid to decision makers that meet certain conditions no longer cause decision makers to consolidate variable interest entities in certain instances. The amendment is effective for public business entities for periods beginning after December 15, 2015. Early adoption of ASU 2015-02 is permitted. The Company is in process of evaluating the impact ASU 2015-02 will have in the Company’s condensed consolidated financial statements.
	On April 7, 2015, the FASB issued ASU 2015-03, Interest- Imputation of Interest, or ASU 2015-03, that intends to simplify the presentation of debt issuance costs. The amendment requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. The amendment is effective for public business entities for periods beginning after December 15, 2015. The Company is in process of evaluating the impact ASU 2015-03 will have in the Company’s condensed consolidated financial statements.

Real_Estate_Investments_Tables

Real Estate Investments (Tables)	3 Months Ended
	Mar. 31, 2015
Real Estate Investments [Abstract]
Schedule of Business Combinations
			Date		Ownership
	Property Description		Acquired		Percentage
	Winter Haven Healthcare Facility		1/27/15		100%
	Heartland Rehabilitation Hospital		2/17/15		100%
Schedule of Allocation of Fair Value of Business Combinations
		Total
	Land	$	1,558
	Buildings and improvements		23,241
	In-place leases		2,827
	Tenant improvements		113
	Ground leasehold assets		644
	Total assets acquired	$	28,383
Schedule of Business Combinations on a Pro Forma Basis
			Three Months Ended
			March 31,
			2015
	Pro forma basis:
	Revenues		$	2,648
	Net income attributable to common stockholders		$	626
	Net income per common share attributable to common stockholders:
	Class A basic and diluted		$	0.04

Acquired_Intangible_Assets_Net1

Acquired Intangible Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2015
Acquired Intangible Assets, Net [Abstract]
Schedule of Acquired Intangible Assets, Net
		31-Mar-15		31-Dec-14
	In-place leases, net of accumulated amortization of $189 and $52, respectively (with a weighted average remaining life of 15.9 years and 14.6 years, respectively)	$	8,885	$	6,194
	Above-market leases, net of accumulated amortization of $12 and $6, respectively (with a weighted average remaining life of 9.2 years and 9.4 years, respectively)		241		248
	Ground lease interest, net of accumulated amortization of $2 (with a weighted average remaining life of 68.6 years)		642		—
		$	9,768	$	6,442

Other_Assets_Tables

Other Assets (Tables)	3 Months Ended
	Mar. 31, 2015
Other Assets [Abstract]
Schedule of Other Assets
		31-Mar-15		31-Dec-14
	Deferred financing costs, net of accumulated
	amortization of $215 and $83, respectively	$	1,722	$	1,742
	Real estate escrow deposits		350		350
	Restricted cash held in escrow		2,924		2,922
	Tenant receivable		341		58
	Straight-line rent receivable		328		13
	Prepaid and other assets		25		30
		$	5,690	$	5,115

Future_Minimum_Rent_Tables

Future Minimum Rent (Tables)	3 Months Ended
	Mar. 31, 2015
Future Minimum Rent [Abstract]
Schedule of Future Minimum Rental Income from Non-Cancelable Operating Leases
	Year	Amount
	Nine months ending December 31, 2015	$	6,564
	2016		8,919
	2017		9,094
	2018		9,273
	2019		9,434
	Thereafter		119,113
		$	162,397

RelatedParty_Transactions_and_1

Related-Party Transactions and Arrangements (Tables)	3 Months Ended
	Mar. 31, 2015
Related-Party Transactions and Arrangements [Abstract]
Schedule of Accounts Payable Due to Affiliates
	Entity	Fee	31-Mar-15		31-Dec-14
	Carter Validus Advisors II, LLC and its affiliates	Asset management fees	$	205	$	66
	Carter Validus Real Estate Management Services II, LLC	Property management fees		23		3
	Carter/Validus Advisors, LLC and its affiliates	General and administrative costs		13		15
	Carter Validus Advisors II, LLC and its affiliates	General and administrative costs		154		14
	Carter Validus Advisors II, LLC and its affiliates	Offering costs		1,672		2,524
	Carter Validus Advisors II, LLC and its affiliates	Acquisition expenses and fees		1		4
			$	2,068	$	2,626

Accounts_Payable_and_Other_Lia1

Accounts Payable and Other Liabilities (Tables)	3 Months Ended
	Mar. 31, 2015
Accounts Payable and Other Liabilities [Abstract]
Schedule of Accounts Payable and Other Liabilities
		31-Mar-15		31-Dec-14
	Accounts payable and accrued expenses	$	810	$	225
	Accrued interest expense		127		47
	Distributions to stockholders payable		823		325
	Deferred rental income		703		31
	Intangible lease liability		7		7
		$	2,470	$	635

Organization_and_Business_Oper1

Organization and Business Operations (Details) (USD $)	3 Months Ended	10 Months Ended	0 Months Ended
	Mar. 31, 2015	Mar. 31, 2015	Jul. 03, 2014	29-May-14
	item	item		item
	property	property
Organization and Business Operations [Line Items]
Company owned interest in Operating Partnership	100.00%
Advisor owned interest in Operating Partnership	0.00%
Number of classes of common stock				2
Selling commissions and dealer manager fees	$9,889,000	$16,365,000
Other offering costs	1,329,000	5,216,000
Number of real estate investments	8	8
Number of metropolitan statistical areas in which Company owns rental property	7	7
Offering [Member]
Organization and Business Operations [Line Items]
Common stock offering, minimum offering requirement, shares			213,333
Common stock offering, minimum offering requirement, value			2,000,000
Common stock offering including DRIP, value				2,350,000,000
Common stock offering, value				2,250,000,000
Common stock offering pursuant to DRIP, value				100,000,000
Class A shares [Member] | Offering [Member]
Organization and Business Operations [Line Items]
Common stock offering, price per share				10
Class A shares [Member] | Offering [Member] | Common Stock [Member]
Organization and Business Operations [Line Items]
Issuance of common stock, shares (including shares of common stock issued pursuant to the DRIP)		17,539,000
Proceeds from issuance of common stock (including DRIP), gross		174,271,000
Class T shares [Member] | Offering [Member]
Organization and Business Operations [Line Items]
Common stock offering, price per share				9.574
Class A and T shares [Member] | Offering [Member]
Organization and Business Operations [Line Items]
Common stock remaining in the offering, value	$2,175,729,000	$2,175,729,000

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
	segment	property
	item
Summary of Significant Accounting Policies [Line Items]
Number of properties		0
Antidilutive shares excluded from computation of diluted earnings per share, shares	9,000
Number of reportable segments	1
Cash on deposit in excess of federally insured levels	$30,143,000
Number of metropolitan statistical areas in which Company owns rental property	7
Healthcare [Member]
Summary of Significant Accounting Policies [Line Items]
Consolidated revenue by segment, percentage	100.00%
Rental Revenue [Member] | Geographic Concentration Risk [Member]
Summary of Significant Accounting Policies [Line Items]
Number of metropolitan statistical areas in which Company owns rental property	3
Rental Revenue [Member] | Customer Concentration Risk [Member]
Summary of Significant Accounting Policies [Line Items]
Number of tenants	3
Rental Revenue [Member] | New England Sinai Hospital, A Steward Family Hospital, Inc. [Member] | Customer Concentration Risk [Member]
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage	26.00%
Rental Revenue [Member] | Fort Worth Surgicare Partners, Ltd. [Member] | Customer Concentration Risk [Member]
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage	43.60%
Rental Revenue [Member] | Heartland Rehabilitation Hospital, LLC [Member] | Customer Concentration Risk [Member]
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage	12.00%
Rental Revenue [Member] | Boston-Cambridge-Newton, Massachusetts-New Hampshire MSA [Member] | Geographic Concentration Risk [Member]
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage	26.00%
Rental Revenue [Member] | Dallas-Fort Worth-Arlington, Texas MSA [Member] | Geographic Concentration Risk [Member]
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage	44.60%
Rental Revenue [Member] | Kansas City, Missouri-Kansas MSA [Member] | Geographic Concentration Risk [Member]
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage	12.00%

Real_Estate_Investments_Narrat

Real Estate Investments (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Real Estate Investments [Line Items]
Purchase price	$28,383,000
Revenues	353,000
Net Loss	429,000
Acquisition related expenses	716,000
2015 Acquisitions [Member]
Real Estate Investments [Line Items]
Acquisition related expenses	$622,000
Healthcare [Member]
Real Estate Investments [Line Items]
Number of acquisitions	2
Maximum [Member]
Real Estate Investments [Line Items]
Acquisition fee and expense reimbursement, as percentage of purchase price of properties	6.00%

Real_Estate_Investments_Schedu

Real Estate Investments (Schedule of Business Combinations) (Details)	3 Months Ended
	Mar. 31, 2015
Winter Haven Healthcare Facility [Member]
Real Estate Investments [Line Items]
Date Acquired	27-Jan-15
Ownership Percentage	100.00%
Heartland Rehabilitation Hospital [Member]
Real Estate Investments [Line Items]
Date Acquired	17-Feb-15
Ownership Percentage	100.00%

Real_Estate_Investments_Schedu1

Real Estate Investments (Schedule of Allocation of Fair Value of Business Combinations) (Details) (USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Real Estate Investments [Abstract]
Land	$1,558
Buildings and improvements	23,241
In-place leases	2,827
Tenant improvements	113
Ground leasehold assets	644
Total assets acquired	$28,383

Real_Estate_Investments_Schedu2

Real Estate Investments (Schedule of Business Combinations on a Pro Forma Basis) (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015
Pro forma basis:
Revenues	$2,648
Net income attributable to common stockholders	$626
Class A shares [Member]
Net income per common share attributable to common stockholders:
Basic and diluted	$0.04

Acquired_Intangible_Assets_Net2

Acquired Intangible Assets, Net (Schedule of Acquired Intangible Assets, Net) (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Acquired Intangible Assets, Net [Line Items]
Acquired intangible asset, net of accumulated amortization	$9,768	$6,442
Acquired intangible asset, accumulated amortization	203	58
Acquired intangible asset, weighted average remaining life	19 years 2 months 12 days	14 years 4 months 24 days
In-place leases [Member]
Acquired Intangible Assets, Net [Line Items]
Acquired intangible asset, net of accumulated amortization	8,885	6,194
Acquired intangible asset, accumulated amortization	189	52
Acquired intangible asset, weighted average remaining life	15 years 10 months 24 days	14 years 7 months 6 days
Above-market leases [Member]
Acquired Intangible Assets, Net [Line Items]
Acquired intangible asset, net of accumulated amortization	241	248
Acquired intangible asset, accumulated amortization	12	6
Acquired intangible asset, weighted average remaining life	9 years 2 months 12 days	9 years 4 months 24 days
Ground lease interest [Member]
Acquired Intangible Assets, Net [Line Items]
Acquired intangible asset, net of accumulated amortization	642
Acquired intangible asset, accumulated amortization	$2
Acquired intangible asset, weighted average remaining life	68 years 7 months 6 days

Other_Assets_Schedule_of_Other

Other Assets (Schedule of Other Assets) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Other Assets [Abstract]
Deferred financing costs, net of accumulated amortization of $215 and $83, respectively	$1,722	$1,742
Real estate escrow deposits	350	350
Restricted cash held in escrow	2,924	2,922
Tenant receivable	341	58
Straight-line rent receivable	328	13
Prepaid and other assets	25	30
Total other assets	5,690	5,115
Deferred financing costs, accumulated amortization	$215	$83

Future_Minimum_Rent_Schedule_o

Future Minimum Rent (Schedule of Future Minimum Rental Income from Non-Cancelable Operating Leases) (Details) (USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Future Minimum Rent [Abstract]
Nine months ending December 31, 2015	$6,564
2016	8,919
2017	9,094
2018	9,273
2019	9,434
Thereafter	119,113
Total	$162,397

Credit_Facility_Details

Credit Facility (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
	property
Credit Facility [Abstract]
Proceeds from credit facility	$2,000,000
Payments on credit facility	39,500,000
Debt outstanding	0
Increase in borrowing base availability under credit facility	13,109,000
Number of properties added to pool	1
Aggregate pool availability under credit facility	$65,047,000

Commitments_and_Contingencies_

Commitments and Contingencies (Details)	Mar. 31, 2015
	claim
Commitments and Contingencies [Abstract]
Number of pending legal proceedings to which the Company is a party	0

RelatedParty_Transactions_and_2

Related-Party Transactions and Arrangements (Narrative) (Details) (USD $)	3 Months Ended	10 Months Ended
	Mar. 31, 2015	Mar. 31, 2015
Related Party Transaction [Line Items]
Cumulative, pretax, non-compounded annual return rate to investors	6.00%
Asset management fees	$205,000
Selling commissions and dealer manager fees	9,889,000	16,365,000
Carter Validus Advisors II, LLC [Member]
Related Party Transaction [Line Items]
Acquisition fee, as percentage of contract purchase price of each property or asset acquired	2.00%
Acquisition fee, as percentage of amount advanced on mortgage loan	2.00%
Estimated acquisition expense reimbursement, as percentage of purchase price of property and real estate-related investments	0.75%
Monthly asset management fee, as percentage of gross assets	0.06%
Period needed to issue Class B Units	30 days
Asset management fees	205,000
Payments for asset management fees	66,000
Class B units issued	0
Operating expenses allocated to the Company by the advisor	163,000
Reimbursement of operating expenses allocated to the Company by the advisor	51,000
Percentage of remaining net sales proceeds Advisor will receive after investors receive return	15.00%
Distribution percentage upon termination of Advisory agreement	15.00%
Carter Validus Advisors II, LLC And/Or Its Affiliates [Member]
Related Party Transaction [Line Items]
Estimated organization and offering costs reimbursement, as percentage of gross offering proceeds	1.25%
Offering costs incurred by Advisor on Company's behalf	5,708,000	5,708,000
Offering expenses reimbursed by Company to Advisor, or its affiliates	3,562,000	3,562,000
Other organization and offering expenses accrued	1,672,000	1,672,000
Paid acquisition fees	568,000
Acquisition expenses incurred	4,000
Acquisition expenses reimbursed	6,000
Subordinated sale fees	0
Listing fee, percentage	15.00%
Subordinated incentive listing fees	0
Subordinated termination fee	0
Carter Validus Advisors II, LLC And/Or Its Affiliates [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Reimbursable organization and offering costs, as percentage of gross offering proceeds	15.00%
Disposition fee, as percentage of contract sales price	1.00%
Percentage of brokerage commission paid by Company for properties sold that required a substantial amount of services	50.00%
Maximum brokerage fees paid by Company, as percentage of contract sales price	6.00%
Carter Validus Real Estate Management Services II, LLC [Member]
Related Party Transaction [Line Items]
Property management and leasing fees, as percentage of gross revenues from properties managed	3.00%
Oversight fee, as percentage of gross revenues from properties managed	1.00%
Property management fees incurred	60,000
Property management fees paid	41,000
Construction management fees	0
Carter Validus Real Estate Management Services II, LLC [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Estimated initial rent-up or lease-up fee for newly constructed properties	1,000
Construction management fee, as percentage of cost of project	5.00%
SC Distributors, LLC [Member]
Related Party Transaction [Line Items]
Selling commissions and dealer manager fees	9,889,000
Total underwriting compensation percentage that will terminate distribution fees, as percentage of gross proceeds from primary portion of offering	10.00%
Distribution fees incurred	$0
Class A and T shares [Member] | SC Distributors, LLC [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Dealer manager fee, as percentage of gross offering proceeds	3.00%
Class A shares [Member] | SC Distributors, LLC [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Selling commission, as percentage of gross offering proceeds	7.00%
Class T shares [Member] | SC Distributors, LLC [Member]
Related Party Transaction [Line Items]
Daily distribution fee accrued, as percentage of purchase price per share	0.00%
Class T shares [Member] | SC Distributors, LLC [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Selling commission, as percentage of gross offering proceeds	3.00%

RelatedParty_Transactions_and_3

Related-Party Transactions and Arrangements (Schedule of Accounts Payable Due to Affiliates) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Related Party Transaction [Line Items]
Accounts payable due to affiliates	$2,068	$2,626
Carter Validus Advisors II, LLC And/Or Its Affiliates [Member] | Asset Management Fees [Member]
Related Party Transaction [Line Items]
Accounts payable due to affiliates	205	66
Carter Validus Advisors II, LLC And/Or Its Affiliates [Member] | General And Administrative Costs [Member]
Related Party Transaction [Line Items]
Accounts payable due to affiliates	154	14
Carter Validus Advisors II, LLC And/Or Its Affiliates [Member] | Offering Costs [Member]
Related Party Transaction [Line Items]
Accounts payable due to affiliates	1,672	2,524
Carter Validus Advisors II, LLC And/Or Its Affiliates [Member] | Acquisition Expenses and Fees [Member]
Related Party Transaction [Line Items]
Accounts payable due to affiliates	1	4
Carter Validus Real Estate Management Services II, LLC [Member] | Property Management Fees [Member]
Related Party Transaction [Line Items]
Accounts payable due to affiliates	23	3
Carter Validus Advisors, LLC And Or Its Affiliates [Member] | General And Administrative Costs [Member]
Related Party Transaction [Line Items]
Accounts payable due to affiliates	$13	$15

Accounts_Payable_and_Other_Lia2

Accounts Payable and Other Liabilities (Schedule of Accounts Payable and Other Liabilities) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Accounts Payable and Other Liabilities [Abstract]
Accounts payable and accrued expenses	$810	$225
Accrued interest expense	127	47
Distributions to stockholders payable	823	325
Deferred rental income	703	31
Intangible lease liability	7	7
Total accounts payable and other liabilities	$2,470	$635

Subsequent_Events_Narrative_De

Subsequent Events (Narrative) (Details) (USD $)	3 Months Ended	0 Months Ended			12 Months Ended
	Mar. 31, 2015	Apr. 01, 2015	1-May-15	7-May-15	11-May-15	Dec. 31, 2014	29-May-14	Apr. 24, 2015
								sqft
Subsequent Event [Line Items]
Distributions paid in cash	$534,000
Distributions reinvested in shares of common stock pursuant to DRIP	776,000
Distributions declared per common share	$0.16
Cash paid to acquire real estate investments	28,383,000
Increase in borrowing base availability under credit facility	13,109,000
Aggregate pool availability under credit facility	65,047,000
Outstanding balance under credit facility	0					37,500,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Aggregate pool availability under credit facility					69,896,000
Outstanding balance under credit facility					0
Subsequent Event [Member] | March 1, 2015 To March 31, 2015 [Member]
Subsequent Event [Line Items]
Aggregate distributions		823,000
Distributions paid in cash		317,000
Distributions reinvested in shares of common stock pursuant to DRIP		506,000
Subsequent Event [Member] | April 1, 2015 To April 30, 2015 [Member]
Subsequent Event [Line Items]
Aggregate distributions			1,039,000
Distributions paid in cash			393,000
Distributions reinvested in shares of common stock pursuant to DRIP			646,000
Subsequent Event [Member] | June 1, 2015 To August 31, 2015 [Member]
Subsequent Event [Line Items]
Number of days, distribution calculation				365 days
Class A shares [Member]
Subsequent Event [Line Items]
Common stock, shares outstanding	17,558,837					7,110,501
Class A shares [Member] | Subsequent Event [Member] | June 1, 2015 To August 31, 2015 [Member]
Subsequent Event [Line Items]
Distributions declared per common share				0.001753425
Annualized distribution rate				6.40%
Common stock offering, price per share				10
Class A shares [Member] | Offering [Member]
Subsequent Event [Line Items]
Common stock offering, price per share							$10
Class A shares [Member] | Offering [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Issuance of common stock, shares (including shares of common stock issued pursuant to the DRIP)					23,342,000
Proceeds from issuance of common stock (including DRIP), gross					231,990,000
Class T shares [Member]
Subsequent Event [Line Items]
Common stock, shares outstanding	0					0
Class T shares [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Common stock, shares outstanding					0
Class T shares [Member] | Offering [Member]
Subsequent Event [Line Items]
Common stock offering, price per share							$9.57
Class A and T shares [Member] | Offering [Member]
Subsequent Event [Line Items]
Common stock remaining in the offering, value	2,175,729,000
Class A and T shares [Member] | Offering [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Common stock remaining in the offering, value					2,118,010,000
Indianapolis Data Center [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Ownership percentage		100.00%
Cash paid to acquire real estate investments		7,500,000
Number of tenants		1
Increase in borrowing base availability under credit facility		4,804,000
Potential Acquisition [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Ownership percentage								100.00%
Area of real estate property								33,000
Purchase agreement, amount								$25,000,000
Management Agreement [Member] | Carter Validus Real Estate Management Services II, LLC [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Term of agreement from effective date				1 year
Effective date of agreement				19-May-15
Advisory Agreement [Member] | Carter Validus Advisors II, LLC [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Term of agreement from effective date				1 year
Effective date of agreement				10-Jun-15