Necessity Retail REIT (RTL) 10-Q 14 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Oct. 31, 2013
Document - Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'AMERICAN REALTY CAPITAL TRUST V, INC.	'
Entity Central Index Key	'0001568162	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Non-accelerated Filer	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-13	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	62,386,235

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2013
In Thousands, unless otherwise specified
ASSETS	'
Land	$123,176
Buildings, fixtures and improvements	669,311
Acquired intangible lease assets	101,567
Total real estate investments, at cost	894,054
Less: accumulated depreciation and amortization	-789
Total real estate investments, net	893,265
Cash and cash equivalents	163,056
Investment securities, at fair value	93,071
Prepaid expenses and other assets	117,231
Receivable for issuances of common stock	12,514
Deferred costs, net	3,217
Total assets	1,282,354
LIABILITIES AND STOCKHOLDERS' EQUITY	'
Accounts payable and accrued expenses	16,898
Distributions payable	7,349
Deferred rent	2,279
Below-market lease liabilities, net	926
Total liabilities	27,452
Preferred stock, $0.01 par value per share, 50,000,000 shares authorized, none issued and outstanding	0
Common stock, $0.01 par value per share, 300,000,000 shares authorized, 59,025,914 shares issued and outstanding as of September 30, 2013	590
Additional paid-in capital	1,294,059
Accumulated other comprehensive loss	-4,317
Accumulated deficit	-35,430
Total stockholders' equity	1,254,902
Total liabilities and stockholders' equity	$1,282,354

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2013
Preferred stock, par value	$0.01
Preferred stock, authorized	50,000,000
Preferred stock, issued	0
Preferred stock, outstanding	0
Common stock, par value	$0.01
Common stock, authorized	300,000,000
Common stock, issued	59,025,914
Common stock, outstanding	59,025,914

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2013
Revenues:	'	'
Rental income	$2,042	$2,071
Operating expense reimbursements	51	57
Total revenues	2,093	2,128
Operating expenses:	'	'
Property operating	149	155
Acquisition and transaction related	18,159	18,271
General and administrative	1,171	1,314
Depreciation and amortization	770	789
Total operating expenses	20,249	20,529
Operating loss	-18,156	-18,401
Other income (expense):	'	'
Interest expense	-28	-28
Income from investments	1,108	1,108
Other income	62	62
Total other income	1,142	1,142
Net loss	-17,014	-17,259
Unrealized loss on investment securities	-4,317	-4,317
Comprehensive loss attributable to stockholders	($21,331)	($21,576)
Basic and diluted weighted-average shares outstanding	38,295,114	16,370,852
Basic and diluted net loss per share	($0.44)	($1.05)

CONSOLIDATED_STATEMENT_OF_STOC

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (USD $)	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit
In Thousands, except Share data
Balance, beginning of period at Jan. 21, 2013	$0	$0	$0	'	$0
Balance, beginning of period (in shares) at Jan. 21, 2013	'	0	'	'	'
Issuance of common stock (in shares)	'	58,754,940	'	'	'
Issuances of common stock	1,453,727	588	1,453,139	'	'
Common stock offering costs, commissions and dealer manager fees	-165,421	'	-165,421	'	'
Common stock issued through distribution reinvestment plan (in shares)	'	264,229	'	'	'
Common stock issued through distribution reinvestment plan	6,275	2	6,273	'	'
Common stock repurchases (in shares)	'	-1,400	'	'	'
Common stock repurchases	-35	'	-35	'	'
Share-based compensation (in shares)	'	8,145	'	'	'
Share-based compensation	103	'	103	'	'
Distributions declared	-18,171	'	'	'	-18,171
Net loss	-17,259	'	'	'	-17,259
Other comprehensive loss	-4,317	'	'	-4,317	'
Balance, end of period at Sep. 30, 2013	$1,254,902	$590	$1,294,059	($4,317)	($35,430)
Balance, end of period (in shares) at Sep. 30, 2013	'	59,025,914	'	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013
Cash flows from operating activities:	'
Net loss	($17,259)
Adjustment to reconcile net loss to net cash used in operating activities:	'
Depreciation	650
Amortization of intangible lease assets	139
Amortization of deferred financing costs	18
Accretion of below-market lease liabilities	-5
Share-based compensation	103
Prepaid expenses and other assets	-1,919
Accounts payable and accrued expenses	2,500
Deferred rent	2,279
Net cash used in operating activities	-13,494
Cash flows from investing activities:	'
Investment in real estate and other assets	-885,646
Deposits for real estate acquisitions	-110,005
Payments for purchase of investment securities	-116,582
Proceeds from investment securities	19,194
Net cash used in investing activities	-1,093,039
Cash flows from financing activities:	'
Payments of deferred financing costs	-3,235
Proceeds from issuances of common stock	1,441,213
Payments of offering costs and fees related to stock issuances	-163,835
Common stock repurchases	-7
Distributions paid	-4,547
Net cash provided by financing activities	1,269,589
Net change in cash and cash equivalents	163,056
Cash and cash equivalents, beginning of period	0
Cash and cash equivalents, end of period	163,056
Non-Cash Financing Activities:	'
Common stock issued through distribution reinvestment plan	6,275
Real estate investments financed through accounts payable	$10,494

Organization

Organization	9 Months Ended
	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization	'
	Organization
	American Realty Capital Trust V, Inc. (the "Company") was incorporated on January 22, 2013 as a Maryland corporation that intends to qualify as a real estate investment trust ("REIT") for U.S. federal income tax purposes beginning with the taxable year ending December 31, 2013.  On April 4, 2013, the Company commenced its ongoing initial public offering (the "IPO") on a "reasonable best efforts" basis of up to 68.0 million shares 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. 333-187092) (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 the Company's common stockholders may elect to have their distributions reinvested in additional shares of the Company's common stock.
	On April 25, 2013, the Company received and accepted aggregate subscriptions in excess of the minimum of $2.0 million in shares of common stock, broke escrow and issued shares of common stock to its initial investors who were admitted as stockholders. As of September 30, 2013, the Company had 59.0 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 of $1.5 billion, including proceeds from shares issued pursuant to the DRIP. As permitted under the Company's Registration Statement, the Company reallocated the remaining 14.5 million DRIP shares available under the Registration Statement to the primary offering. Concurrent with such reallocation, the Company registered an additional 14.7 million shares to be issued under the DRIP pursuant to a registration statement on Form S-11, as amended (File No. 333-191255), which became effective on October 5, 2013.
	As of September 30, 2013, the aggregate value of all share issuances and subscriptions of common stock outstanding was $1.5 billion, based on a per share value of $25.00 (or $23.75 for shares issued pursuant to the DRIP). Until the filing of the Company's second quarterly financial filing with the SEC, pursuant to the Securities Exchange Act of 1934, as amended (the "Exchange Act"), following the earlier to occur of (i) Company's acquisition of at least $1.4 billion in total portfolio assets and (ii) April 4, 2015, 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 pursuant to the DRIP will initially be equal to $23.75 per share, or 95.0% of the estimated value of a share of common stock. Thereafter, the per share purchase price will vary quarterly and will be equal to the Company's net asset value ("NAV") divided by the number of shares outstanding as of the end of business on the first day of each fiscal quarter after giving effect to any share purchases or repurchases effected in the prior quarter or per share NAV. Applicable commissions and fees will be added to the per share price for shares offered in the IPO but not for shares pursuant to the DRIP.
	The Company was formed to acquire a diversified portfolio of commercial properties comprised primarily of freestanding single-tenant retail properties that are net leased to investment grade and other creditworthy tenants. 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 active operations on April 29, 2013. As of September 30, 2013, the Company owned 158 properties with an aggregate purchase price of $896.1 million, comprised of 6.3 million rentable square feet which were 100.0% leased with a weighted-average remaining lease term of 12.3 years.
	Substantially all of the Company's business is conducted through American Realty Capital Operating Partnership V, 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 Trust V Special Limited Partner, LLC (the "Special Limited Partner"), an entity wholly owned by AR Capital, 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. After holding the OP Units for a period of one year, or upon liquidation of the OP or sale of substantially all of the assets of the OP, holders of OP Units have 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. The remaining rights of the limited partner interests are limited, however, and do not include the ability to replace the general partner or to approve the sale, purchase or refinancing of the OP's assets.
	The Company has no employees. American Realty Capital Advisors V, LLC (the "Advisor") has been retained to manage the Company's affairs on a day-to-day basis. American Realty Capital Properties V, LLC (the "Property Manager") serves as the Company's property manager. Realty Capital Securities, LLC (the "Dealer Manager") serves as the dealer manager of the IPO. The Advisor and the Property Manager are wholly owned subsidiaries of, and the Dealer Manager is under common ownership with, the Sponsor, as a result of which they are related parties and each of which has received and may receive compensation, fees and other expense reimbursements for services related to the IPO and the investment and management of the Company's assets. Such entities may receive fees during the offering, acquisition, operational and liquidation stages.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Summary of Significant Accounting Policies
	The accompanying consolidated financial statements of the Company included herein were prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and with the instructions to this Quarterly Report on Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The information furnished includes all adjustments and accruals of a normal recurring nature, which, in the opinion of management, are necessary for a fair presentation of results for the interim periods. All intercompany accounts and transactions have been eliminated in consolidation. The results of operations for the three months ended September 30, 2013 and the period from January 22, 2013 (date of inception) to September 30, 2013 are not necessarily indicative of the results for the entire year or any subsequent interim period.
	These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto as of January 31, 2013, and for the period from January 22, 2013 (date of inception) to January 31, 2013, which are included in the Registration Statement. There have been no significant changes to the Company's significant accounting policies during the period from January 22, 2013 (date of inception) to September 30, 2013 other than the updates described below.
	Development Stage Company
	On April 25, 2013, the Company raised proceeds sufficient to break escrow in connection with its IPO on a reasonable best efforts basis. The Company received and accepted aggregate subscriptions in excess of the minimum $2.0 million, broke escrow and issued shares of common stock to its initial investors who were admitted as stockholders. The Company purchased its first property and commenced active operations on April 29, 2013, and as of such date was no longer considered to be a development stage company.
	Recently Issued Accounting Pronouncements
	In December 2011, the Financial Accounting Standards Board ("FASB") issued guidance regarding disclosures about offsetting assets and liabilities, which requires entities to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. The guidance is effective for fiscal years and interim periods beginning on or after January 1, 2013 with retrospective application for all comparative periods presented. The adoption of this guidance, which is related to disclosure only, did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In July 2012, the FASB issued revised guidance intended to simplify how an entity tests indefinite-lived intangible assets for impairment. The amendments will allow an entity first to assess qualitative factors to determine whether it is necessary to perform a quantitative impairment test. An entity will no longer be required to calculate the fair value of an indefinite-lived intangible asset and perform the quantitative test unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. The amendments are effective for annual and interim indefinite-lived intangible asset impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. The adoption of this guidance did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In February 2013, the FASB issued guidance which requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. The guidance is effective for annual and interim periods beginning after December 15, 2012 with early adoption permitted. The adoption of this guidance, which is related to disclosure only, did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In February 2013, the FASB issued guidance clarifying the accounting and disclosure requirements for obligations resulting from joint and several liability arrangements for which the total amount under the arrangement is fixed at the reporting date. The new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2013. The Company does not expect the adoption of this guidance to have a material impact on the Company's consolidated financial position, results of operations or cash flows.

Real_Estate_Investments

Real Estate Investments	9 Months Ended
	Sep. 30, 2013
Real Estate Investments, Net [Abstract]	'
Real Estate Investments	'
	Real Estate Investments
	The following table presents the allocation of assets acquired during the period from January 22, 2013 (date of inception) to September 30, 2013:
	(Dollar amounts in thousands)		Period from January 22, 2013 (date of inception) to September 30, 2013
	Real estate investments, at cost:
	Land		$	123,176
	Buildings, fixtures and improvements		669,311
	Total tangible assets		792,487
	Acquired intangibles:
	In-place leases		101,567
	Below-market lease liabilities		(931		)
	Total intangibles		100,636
	Other acquisitions(1)		3,017
	Total assets acquired, net		896,140
	Real estate investments financed through accounts payable		(10,494		)
	Cash paid for acquired real estate investments, at cost		$	885,646
	Number of properties purchased		158
	___________________
	-1	Represents the purchase price, including closing costs, for the acquisition of a leasehold interest. A resulting asset of $5.3 million and liability of $2.3 million are recorded in prepaid expenses and other assets and accounts payable and accrued expenses, respectively, on the consolidated balance sheet.
	Land, buildings, fixtures and improvements, and in-place lease intangibles include $497.8 million, comprised of $67.7 million, $374.2 million, and $55.9 million, respectively, provisionally assigned to each class of asset, pending receipt of the final appraisals and other information being prepared by a third-party specialist.
	The following table presents unaudited pro forma information as if the acquisitions during the period from January 22, 2013 (date of inception) to September 30, 2013 had been consummated on January 22, 2013 (date of inception):
	(In thousands)		Period from January 22, 2013 (date of inception) to September 30, 2013
	Pro forma revenues		$	35,177
	Pro forma net loss		$	(817	)
	As of September 30, 2013, the Company had deposits for potential acquisitions of $110.0 million which are included in prepaid expenses and other assets on the accompanying consolidated balance sheet.
	The following table presents future minimum base rent payments on a cash basis due to the Company over the next five years and thereafter.  These amounts exclude contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes among other items.
	(In thousands)		Future Minimum
			Base Rent Payments
	October 1, 2013 to December 31, 2013		$	15,825
	2014		63,902
	2015		64,837
	2016		65,547
	2017		66,258
	Thereafter		557,677
			$	834,046
	The following table lists the tenants whose annualized rental income on a straight-line basis represented greater than 10% of total annualized rental income on a straight-line basis for all portfolio properties as of September 30, 2013:
	Tenant		September 30, 2013
	Versacold USA		18.7	%
	Merrill Lynch, Pierce, Fenner & Smith		18.7	%
	American Express Travel Related Services Company, Inc.		10.9	%
	The termination, delinquency or non-renewal of leases by one or more of the above tenants may have a material adverse effect on revenues. No other tenant represented more than 10% of annualized rental income as of September 30, 2013.
	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 as of September 30, 2013:
	State		September 30, 2013
	New Jersey		18.9	%
	Georgia		18.3	%
	North Carolina		11.8	%
	Fortress Portfolio Acquisition
	On July 24, 2013, AR Capital, LLC and another related entity, on behalf of the Company and certain other entities sponsored directly or indirectly by AR Capital, LLC, entered into a purchase and sale agreement with subsidiaries of Fortress Investment Group LLC ("Fortress") for the purchase and sale of 196 properties owned by Fortress for an aggregate contract purchase price of approximately $972.5 million, subject to adjustments set forth in the purchase and sale agreement and exclusive of closing costs, which was allocated to the Company based on the pro-rata fair value of the properties acquired by the Company relative to the fair value of all 196 properties to be acquired from Fortress. Of the 196 properties, 51 properties are expected to be acquired by the Company from Fortress for a purchase price of approximately $302.2 million, subject to adjustments set forth in the purchase and sale agreement and exclusive of closing costs. As of September 30, 2013, the Company closed on 41 of the 51 properties with a total purchase price of $267.7 million, exclusive of closing costs. The remaining properties are expected to close in the fourth quarter of 2013.
	Inland Portfolio Acquisition
	On August 8, 2013 the Company's Sponsor entered into an equity interest purchase agreement (the “Agreement”) with Inland American Real Estate Trust, Inc. ("Inland") for the purchase and sale of the equity interests of 67 entities owned by Inland for an aggregate contract purchase price of approximately $2.3 billion, subject to adjustments set forth in the Agreement and exclusive of closing costs. Of the 67 entities, the equity interests of 42 entities (the "Inland Portfolio") will be acquired by the Company from Inland for a purchase price of approximately $1.5 billion, subject to adjustments set forth in the Agreement and exclusive of closing costs, which was allocated to the Company based on the pro-rata fair value of the Inland Portfolio relative to the fair value of all 67 companies to be acquired by the Company and other entities sponsored directly or indirectly by the Company's Sponsor from Inland. The Inland Portfolio is comprised of 244 properties. As of September 30, 2013, the Company has closed on 47 of the 244 properties for a total purchase price of $430.2 million, exclusive of closing costs. The remaining properties are expected to close in the fourth quarter of 2013.

Revolving_Credit_Facility

Revolving Credit Facility	9 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]	'
Revolving Credit Facility	'
	Revolving Credit Facility
	On September 23, 2013, the Company, through the OP, entered into a credit agreement (the "Credit Agreement") relating to a new revolving credit facility (the “Credit Facility”) which provides for aggregate revolving loan borrowings of up to $200.0 million (subject to borrowing base availability), with a $25.0 million swingline subfacility and a $20.0 million letter of credit subfacility. Through an uncommitted “accordion feature,” the OP, subject to certain conditions, may increase commitments under the Credit Facility to up to $750.0 million. J.P. Morgan Securities LLC acted as joint bookrunner and joint lead arranger for the Credit Facility and its affiliate, JPMorgan Chase Bank, N.A., is the administrative agent, letter of credit issuer, swingline lender and a lender thereunder. Regions Capital Markets acted as joint bookrunner, joint lead arranger and syndication agent for the Credit Facility and its affiliate, Regions Bank, is a lender thereunder.
	Borrowings under the Credit Facility will bear interest, at the OP’s election, at either (i) base rate (which is defined in the credit agreement as the greatest of (a) the prime rate in effect on such day, (b) the federal funds effective rate in effect on such day plus 0.50%, and (c) LIBOR for a one month interest period plus 1.0%) plus an applicable spread ranging from 0.60% to 1.20%, depending on the Company’s consolidated leverage ratio, or (ii) LIBOR plus an applicable spread ranging from 1.60% to 2.20%, depending on the Company’s consolidated leverage ratio. The Credit Facility requires an unused fee per annum of 0.25% and 0.15%, if the unused balance of the Credit Facility exceeds or is equal to or less than 50% of the available facility, respectively. As of September 30, 2013, the Company had no outstanding borrowings under the Credit Facility. The Company incurred approximately $11,000 in unused borrowing fees during the three months ended September 30, 2013 and the period from January 22, 2013 (date of inception) to September 30, 2013.
	The Credit Facility provides for monthly interest payments for each base rate loan and periodic interest payments for each LIBOR loan, based upon the applicable interest period with respect to such LIBOR loan, with all principal outstanding being due on the maturity date. The Credit Facility will mature on September 23, 2017, provided that the OP, subject to certain conditions, may elect to extend the maturity date one year to September 23, 2018. The Credit Facility may be prepaid at any time, in whole or in part, without premium or penalty. In the event of a default, the lenders have the right to terminate their obligations under the Credit Facility and to accelerate the payment on any unpaid principal amount of all outstanding loans. Certain of the Company's subsidiaries and certain subsidiaries of the OP will guarantee, and the equity of certain subsidiaries of the OP will be pledged as collateral for, the obligations under the Credit Facility.
	As of September 30, 2013, the Company had no outstanding borrowings under the Credit Facility. As of September 30, 2013, the Company was in compliance with the financial covenants under the Credit Agreement.

Investment_Securities

Investment Securities	9 Months Ended
	Sep. 30, 2013
Investments, Debt and Equity Securities [Abstract]	'
Investment Securities	'
	Investment Securities
	As of September 30, 2013, the Company has investments in commercial paper, redeemable preferred stock, senior notes and common stock, with an aggregate fair value of $93.1 million. These investments are considered available-for-sale securities and therefore increases or decreases in the fair value of these investments are recorded in accumulated other comprehensive loss as a component of equity on the consolidated balance sheet unless the securities are considered to be permanently impaired at which time the losses would be reclassified to expense.
	The following table details the unrealized gains and losses on investment securities as of September 30, 2013:
		September 30, 2013
	(In thousands)	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	Investment securities	$	97,388	$	—	$	(4,317	)	$	93,071
	Unrealized losses as of September 30, 2013 were considered temporary and therefore no impairment was recorded during the three months ended September 30, 2013 and the period from January 22, 2013 (date of inception) to September 30, 2013.
	The Company's preferred stock investments are redeemable at the respective issuer's option after five years from issuance. The senior notes have a weighted-average maturity of 29.1 years and a weighted-average interest rate of 5.6% as of September 30, 2013.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2013
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. 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 about the 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 has investments in commercial paper, redeemable preferred stock, senior notes and common stock that are traded in active markets and therefore, due to the availability of quoted market prices in active markets, classified these investments as Level 1 in the fair value hierarchy.
	The following table presents information about the Company's assets measured at fair value on a recurring basis as of September 30, 2013, aggregated by the level in the fair value hierarchy within which those instruments fall:
	(In thousands)	Quoted Prices		Significant Other		Significant		Total
		in Active		Observable		Unobservable
		Markets		Inputs		Inputs
		Level 1		Level 2		Level 3
	Investment securities	$	93,071	$	—	$	—	$	93,071
	A review of the fair value hierarchy classification is conducted on a quarterly basis. Changes in the type of inputs may result in a reclassification for certain assets. There were no transfers between Level 1 and Level 2 of the fair value hierarchy during the three months ended September 30, 2013 and the period from January 22, 2013 (date of inception) to September 30, 2013.
	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, other receivables, accounts payable and distributions payable approximates their carrying value on the consolidated balance sheet due to their short-term nature.

Common_Stock

Common Stock	9 Months Ended
	Sep. 30, 2013
Stockholders' Equity Note [Abstract]	'
Common Stock	'
	Common Stock
	As of September 30, 2013, the Company had 59.0 million shares of common stock outstanding, including unvested restricted shares and shares issued pursuant to the DRIP, and had received total proceeds of $1.5 billion, including proceeds from shares issued pursuant to the DRIP.
	On April 9, 2013, the Company's board of directors authorized, and the Company declared, a distribution rate, which is calculated based on stockholders of record each day during the applicable period at a rate of $0.004520548 per day, based on $25.00 price per share of common stock. Distributions began to accrue on May 13, 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 to sell their shares to the Company under limited circumstances. Under the SRP, stockholders may request that the Company repurchase all or any portion, subject to certain minimum conditions, of their shares on any business day, if such repurchase does not impair the Company's capital or operations. The following table summarizes the number of shares repurchased under the Company's SRP cumulatively through September 30, 2013.
			Number of Requests	Number of Shares	Weighted Average Price per Share
	Cumulative repurchase requests as of September 30, 2013 (1)		4	1,400	$	24.98
	_____________________
	-1	Includes three unfulfilled repurchase requests consisting of 1,129 shares at a weighted-average repurchase price per share of $24.97, which were approved for repurchase as of September 30, 2013 and completed during the fourth quarter of 2013. This liability is included in accounts payable and accrued expenses on the Company's consolidated balance sheet.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies
	Future Minimum Lease Payments
	The Company 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
	October 1, 2013 to December 31, 2013	$	188
	2014	751
	2015	754
	2016	762
	2017	762
	Thereafter	5,797
		$	9,014
	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 or its properties.
	Environmental Matters
	In connection with the ownership and operation of real estate, the Company may potentially be liable for costs and damages related to environmental matters. As of September 30, 2013, the Company has not been notified by any governmental authority of any non-compliance, liability or other claim, and is not aware of any other environmental condition that it believes will have a material adverse effect on its financial position or results of operations.

Related_Party_Transactions_and

Related Party Transactions and Arrangements	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions and Arrangements	'
	Related Party Transactions and Arrangements
	As of September 30, 2013, the Special Limited Partner, an entity wholly owned by the Sponsor, owned 8,888 shares of the Company's outstanding common stock. In July 2013, the Special Limited Partner contributed $2,020 to the OP in exchange for 90 OP Units.
	Fees Paid in Connection with the IPO
	The Dealer Manager receives fees and compensation in connection with the sale of the Company's common stock in the IPO. The Dealer Manager receives selling commissions of up to 7.0% of the per share purchase price of the Company's offering proceeds before reallowance of commissions earned by participating broker-dealers. In addition, the Dealer Manager receives up to 3.0% of the gross proceeds from the sale of shares, before reallowance to participating broker-dealers, as a dealer-manager fee. The Dealer Manager may reallow its dealer-manager fee to such participating broker-dealers. A participating broker dealer may elect to receive a fee equal to 7.5% of the gross proceeds from the sale of shares (not including selling commissions and dealer manager fees) by such participating broker dealer, with 2.5% thereof paid at the time of such sale and 1.0% thereof paid on each anniversary of the closing of such sale up to and including the fifth anniversary of the closing of such sale. If this option is elected, the dealer manager fee will be reduced to 2.5% of gross proceeds (not including selling commissions and dealer manager fees). The following table details total selling commissions and dealer manager fees incurred from and due to the Dealer Manager as of and for the periods presented:
	(In thousands)	Three Months Ended September 30, 2013			Period from January 22, 2013 (date of inception) to September 30, 2013			Payable as of
								30-Sep-13
	Total commissions and fees from the Dealer Manager	$	95,562		$	135,238		$	1,164
	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 consolidated balance sheet as of September 30, 2013. 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:
	(In thousands)	Three Months Ended September 30, 2013		Period from January 22, 2013 (date of inception) to September 30, 2013			Payable as of
							30-Sep-13
	Fees and expense reimbursements from the Advisor and Dealer Manager	$	22,020	$	27,345		$	282
	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, excluding commissions and dealer manager fees, in excess of the 2.0% cap as of the end of the IPO are the Advisor's responsibility. As of September 30, 2013, cumulative offering and related costs, excluding commissions and dealer manager fees, were less than the 2.0% threshold.
	The Advisor has elected to cap cumulative offering costs incurred by the Company, net of unpaid amounts, to 15.0% of gross common stock proceeds during the offering period. As of September 30, 2013, cumulative offering costs were $165.4 million. Cumulative offering costs, net of unpaid amounts, were less than the 15.0% threshold as of September 30, 2013.
	Fees Paid in Connection With the Operations of the Company
	The Advisor receives an acquisition fee of 1.0% of the contract purchase price of each acquired property and 1.0% of the amount advanced for a loan or other investment. The Advisor is also paid for services provided for which they incur investment-related expenses, or insourced expenses. Such insourced expenses will be fixed initially at, and may not exceed, 0.5% of the contract purchase price and 0.5% of the amount advanced for a loan or other investment. Additionally, the Company pays third party acquisition expenses. Once the proceeds from the IPO have been fully invested, the aggregate amount of acquisition fees and financing coordination fees (as described below) shall not exceed 1.5% of the contract purchase price and the amount advanced for a loan or other investment for all the assets acquired. In no event will the total of all acquisition fees, acquisition expenses and any financing coordination fees payable with respect to a particular investment or reinvestment exceed 4.5% of the contract purchase price to be measured at the close of the acquisition phase or 4.5% of the amount advanced for a loan or other investment.
	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.
	In connection with providing strategic advisory services related to certain portfolio acquisitions, the Company has entered into arrangements in which the investment banking division of the Dealer Manager receives a transaction fee of 0.25% of the Transaction Value for certain portfolio acquisition transactions. Pursuant to such arrangements to date, Transaction Value has been defined as (i) the value of the consideration paid or to be paid for all the equity securities or assets in connection with the sale transaction or acquisition transaction (including consideration payable with respect to convertible or exchangeable securities and option, warrants or other exercisable securities and including dividends or distributions and equity security repurchases made in anticipation of or in connection with the sale transaction or acquisition transaction), or the implied value for all the equity securities or assets of the Company or acquisition target, as applicable, if a partial sale or purchase is undertaken, plus (ii) the aggregate value of any debt, capital lease and preferred equity security obligations (whether consolidated, off-balance sheet or otherwise) of the Company or acquisition target, as applicable, outstanding at the closing of the sale transaction or acquisition transaction), plus (iii) the amount of any fees, expenses and promote paid by the buyer(s) on behalf of the Company or the acquisition target, as applicable. Should the Dealer Manager provide strategic advisory services related to additional portfolio acquisition transactions, the Company will enter into new arrangements with the Dealer Manager on such terms as may be agreed upon between the two parties.
	In connection with the Advisor's asset management services, the Company expects to issue (subject to periodic approval by the board of directors) performance-based restricted Class B units in the OP ("Class B Units") to the Advisor on a quarterly basis. The 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 (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; (ii) a transaction to which the Company, or the OP, shall be a party, as a result of which OP Units or the Company's 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 our board of directors before the economic hurdle described above has been met.
	The Class B Units will be issued in an amount equal to the cost of the Company's assets multiplied by 0.1875%, divided by the value of one share of common stock as of the last day of such calendar quarter, which is equal initially to $22.50 (the initial offering price in the IPO minus selling commissions and dealer manager fees) and, at such time as the Company calculates NAV, to per share NAV. 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 September 30, 2013, 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 the vested and unvested Class B Units it receives in connection with its asset management subordinated participation at the same rate as distributions received on the Company's common stock. Such distributions 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. During the three months ended September 30, 2013 and for the period from January 22, 2013 (date of inception) to September 30, 2013, the board of directors approved the issuance of 192 Class B units to the Advisor in connection with this arrangement.
	Effective August 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 the term of the IPO and are included in acquisition and transaction related expense on the consolidated statements of operations and comprehensive loss.
	The following table details amounts incurred, forgiven and payable as of and for the periods presented:
		Three Months Ended September 30, 2013					Period from January 22, 2013 (date of inception) to September 30, 2013					Payable as of
	(In thousands)	Incurred		Forgiven			Incurred			Forgiven		September 30, 2013
	One-time fees and reimbursements:
	Acquisition fees and related cost reimbursements	$	9,758	$	—		$	9,806		$	—	$	—
	Financing coordination fees	1,500		—			1,500			—		—
	Transaction fees	1,745		—			1,745			—		1,745
	Ongoing fees:
	Strategic advisory fees	613		—			613			—		—
	Distributions on Class B Units	—		—			—			—		—
	Total related party operation fees and reimbursements	$	13,616	$	—		$	13,664		$	—	$	1,745
	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. The Company may not reimburse the Advisor for personnel costs in connection with services for which the Advisor receives acquisition fees or real estate commissions. No reimbursements were incurred from the Advisor for providing services during the period from January 22, 2013 (date of inception) to September 30, 2013.
	In order to improve operating cash flows and the ability to pay distributions from operating cash flows, the Advisor may elect to waive certain fees. Because the Advisor may waive certain fees, cash flows 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 general and administrative costs and/or property operating costs. No general and administrative costs were absorbed by the Advisor during the three months ended September 30, 2013. The Advisor absorbed $0.1 million of general and administrative costs during the period from January 22, 2013 (date of inception) to September 30, 2013. General and administrative expenses are presented net of costs absorbed by the Advisor, where applicable, on the consolidated statement of operations and comprehensive loss.
	Fees Paid in Connection with the Liquidation or Listing of the Company's Real Estate Assets
	The Company may pay the Advisor a 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, provided that the annual subordinated performance fee paid to the Advisor does not exceed 10.0% of the aggregate total return for such year. This fee will be payable only upon the sale of assets, distributions or other event which results in the return on stockholders' capital exceeding 6.0% per annum. No subordinated performance fees were incurred during the three months ended September 30, 2013 and the period from January 22, 2013 (date of inception) to September 30, 2013.
	The Company will pay a brokerage commission on the sale of property, not to exceed the lesser of 2.0% of the contract sale price of the property and one-half 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 6.0% 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 in connection with the sale. No such fees were incurred during the three months ended September 30, 2013 and the period from January 22, 2013 (date of inception) to September 30, 2013.
	If the Company is not simultaneously listed on an exchange, the Company intends to pay a subordinated participation in the net sales proceeds of the sale of real estate assets of 15.0% of remaining net sales proceeds after return of capital contributions to investors plus payment to investors of an annual 6.0% cumulative, pre-tax, non-compounded return on the capital contributed by investors. The Company cannot assure that it will provide this 6.0% return but the Special Limited Partner will not be entitled to the subordinated participation in net sale proceeds unless the Company's investors have received an annual 6.0% cumulative, pre-tax, non-compounded return on their capital contributions. No such fees were incurred during the three months ended September 30, 2013 and the period from January 22, 2013 (date of inception) to September 30, 2013.
	If the common stock of the Company is listed on a national exchange, the Company expects to pay a subordinated incentive listing distribution from the OP of 15.0% of the amount by which the Company's market value plus distributions exceeds the aggregate capital contributed by investors plus an amount equal to an annual 6.0% cumulative, pre-tax, non-compounded annual return to investors. The Company cannot assure that it will provide this 6.0% return but the Special Limited Partner will not be entitled to the subordinated incentive listing fee unless investors have received an annual 6.0% cumulative, pre-tax, non-compounded return on their capital contributions. No such fees were incurred during the three months ended September 30, 2013 and the period from January 22, 2013 (date of inception) to September 30, 2013. Neither the Advisor nor any of its affiliates can earn both the subordination participation in the net proceeds and the subordinated incentive listing distribution.
	Upon termination or non-renewal of the advisory agreement with or without cause, the Special Limited Partner will be entitled to receive distributions from the OP equal to 15.0% 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 6.0% cumulative, pre-tax, non-compounded return to investors. The Advisor may elect to defer its right to receive a subordinated distribution upon termination until either a listing on a national securities exchange or other liquidity event occurs.

Economic_Dependency

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

ShareBased_Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2013
Share-based Compensation [Abstract]	'
Share-Based Compensation	'
	Share-Based Compensation
	Restricted Share Plan
	The Company has an employee and director incentive restricted share plan (the "RSP"), which provides for the automatic grant of 1,333 restricted shares of common stock to each of the independent directors, without any further action by the Company's board of directors or the stockholders, on the date of initial election to the board of directors and on the date of each annual stockholders' meeting. Restricted stock issued to independent directors will vest over a five-year period following the first anniversary or 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 shares of common stock granted under the RSP shall not exceed 5.0% of the Company's outstanding shares of common stock on a fully diluted basis at any time and in any event will not exceed 3.4 million shares (as such number may be adjusted for stock splits, stock dividends, combinations and similar events).
	Restricted share awards entitle the recipient to receive shares of common stock from the Company under terms that provide for vesting over a specified period of time or upon attainment of pre-established performance objectives. Such awards would typically be forfeited with respect to the unvested shares upon the termination of the recipient's employment or other relationship with the Company. Restricted shares may not, in general, be sold or otherwise transferred until restrictions are removed and the shares have vested. Holders of restricted shares may receive cash distributions prior to the time that the restrictions on the restricted shares have lapsed. Any distributions payable in shares of common stock shall be subject to the same restrictions as the underlying restricted shares.
	The following table reflects restricted share award activity for the period from January 22, 2013 (date of inception) to September 30, 2013:
		Number of Shares of Common Stock			Weighted-Average Issue Price
	Unvested, January 22, 2013	—			$	—
	Granted	5,333			22.5
	Vested	(1,333	)		22.5
	Unvested, September 30, 2013	4,000			$	22.5
	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 $5,000 for the three months ended September 30, 2013 and approximately $39,000 for the period from January 22, 2013 (date of inception) to September 30, 2013.
	Other Share-Based Compensation
	The Company may issue common stock in lieu of cash to pay fees earned by the Company's directors at each 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. The following table reflects the shares of common stock issued to directors in lieu of cash compensation:
	(Dollar amounts in thousands)		Three Months Ended September 30, 2013				Period from January 22, 2013 (date of inception) to September 30, 2013
	Value of shares issued in lieu of cash		$	56			$	64
	Shares issued in lieu of cash		2,456				2,812

Net_Loss_Per_Share

Net Loss Per Share	9 Months Ended
	Sep. 30, 2013
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 months ended September 30, 2013 and for the period from January 22, 2013 (date of inception) to September 30, 2013:
		Three Months Ended September 30, 2013			Period from January 22, 2013 (date of inception) to September 30, 2013
	Net loss (in thousands)	$	(17,014	)	$	(17,259	)
	Basic and diluted weighted-average shares outstanding	38,295,114			16,370,852
	Basic and diluted net loss per share	$	(0.44	)	$	(1.05	)
	The following common stock equivalents as of September 30, 2013 were excluded from diluted net loss per share computations as their effect would have been antidilutive:
		September 30, 2013
	Unvested restricted stock	4,000
	OP Units	90
	Class B units	192
	Total common stock equivalents	4,282

Subsequent_Events

Subsequent Events	9 Months Ended
	Sep. 30, 2013
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:
	Sales of Common Stock
	As of October 31, 2013, the Company had 62.4 million shares of common stock outstanding, including unvested restricted shares and shares issued pursuant to the DRIP, from total proceeds from the IPO of $1.5 billion. As of October 31, 2013, the aggregate value of all share issuances was $1.6 billion, based on a per share value of $25.00 (or $23.75 for shares issued pursuant to the DRIP).
	Total capital raised to date, including proceeds from shares issued pursuant to the DRIP, is as follows:
	Source of Capital (In thousands)	Period from January 22, 2013 (date of inception) to September 30, 2013			October 1 to October 31, 2013			Total
	Common stock	$	1,459,967		$	83,192		$	1,543,159
	Acquisitions
	The following table presents certain information about the properties that the Company acquired from October 1, 2013 to November 12, 2013:
	(Dollar amounts in thousands)	Number of Properties		Base Purchase Price (1)			Rentable Square Feet
	Total portfolio — September 30, 2013	158		$	896,081		6,312,929
	Acquisitions	16		114,471			733,328
	Total portfolio — November 12, 2013	174		$	1,010,552		7,046,257
	_______________________________
	(1) Contract purchase price, excluding acquisition related costs.
	Amendments to Distribution Reinvestment and Direct Stock Purchase Plan
	On October 5, 2013, our amended and restated distribution reinvestment plan and direct stock purchase plan became effective.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Development Stage Company	'
	Development Stage Company
	On April 25, 2013, the Company raised proceeds sufficient to break escrow in connection with its IPO on a reasonable best efforts basis. The Company received and accepted aggregate subscriptions in excess of the minimum $2.0 million, broke escrow and issued shares of common stock to its initial investors who were admitted as stockholders. The Company purchased its first property and commenced active operations on April 29, 2013, and as of such date was no longer considered to be a development stage company.
New Accounting Pronouncements, Policy	'
	Recently Issued Accounting Pronouncements
	In December 2011, the Financial Accounting Standards Board ("FASB") issued guidance regarding disclosures about offsetting assets and liabilities, which requires entities to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. The guidance is effective for fiscal years and interim periods beginning on or after January 1, 2013 with retrospective application for all comparative periods presented. The adoption of this guidance, which is related to disclosure only, did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In July 2012, the FASB issued revised guidance intended to simplify how an entity tests indefinite-lived intangible assets for impairment. The amendments will allow an entity first to assess qualitative factors to determine whether it is necessary to perform a quantitative impairment test. An entity will no longer be required to calculate the fair value of an indefinite-lived intangible asset and perform the quantitative test unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. The amendments are effective for annual and interim indefinite-lived intangible asset impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. The adoption of this guidance did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In February 2013, the FASB issued guidance which requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. The guidance is effective for annual and interim periods beginning after December 15, 2012 with early adoption permitted. The adoption of this guidance, which is related to disclosure only, did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.
	In February 2013, the FASB issued guidance clarifying the accounting and disclosure requirements for obligations resulting from joint and several liability arrangements for which the total amount under the arrangement is fixed at the reporting date. The new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2013. The Company does not expect the adoption of this guidance to have a material impact on the Company's consolidated financial position, results of operations or cash flows.

Real_Estate_Investments_Tables

Real Estate Investments (Tables)	9 Months Ended
	Sep. 30, 2013
Real Estate Investments, Net [Abstract]	'
Purchase Price of Acquired Properties	'
	The following table presents the allocation of assets acquired during the period from January 22, 2013 (date of inception) to September 30, 2013:
	(Dollar amounts in thousands)		Period from January 22, 2013 (date of inception) to September 30, 2013
	Real estate investments, at cost:
	Land		$	123,176
	Buildings, fixtures and improvements		669,311
	Total tangible assets		792,487
	Acquired intangibles:
	In-place leases		101,567
	Below-market lease liabilities		(931		)
	Total intangibles		100,636
	Other acquisitions(1)		3,017
	Total assets acquired, net		896,140
	Real estate investments financed through accounts payable		(10,494		)
	Cash paid for acquired real estate investments, at cost		$	885,646
	Number of properties purchased		158
	___________________
	-1	Represents the purchase price, including closing costs, for the acquisition of a leasehold interest. A resulting asset of $5.3 million and liability of $2.3 million are recorded in prepaid expenses and other assets and accounts payable and accrued expenses, respectively, on the consolidated balance sheet.
Business Acquisition, Pro Forma Information	'
	The following table presents unaudited pro forma information as if the acquisitions during the period from January 22, 2013 (date of inception) to September 30, 2013 had been consummated on January 22, 2013 (date of inception):
	(In thousands)		Period from January 22, 2013 (date of inception) to September 30, 2013
	Pro forma revenues		$	35,177
	Pro forma net loss		$	(817	)
Schedule of Future Minimum Rental Payments for Operating Leases	'
	The following table presents future minimum base rent payments on a cash basis due to the Company over the next five years and thereafter.  These amounts exclude contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes among other items.
	(In thousands)		Future Minimum
			Base Rent Payments
	October 1, 2013 to December 31, 2013		$	15,825
	2014		63,902
	2015		64,837
	2016		65,547
	2017		66,258
	Thereafter		557,677
			$	834,046
Schedule of Annualized Rental Income by Major Tenants	'
	The following table lists the tenants whose annualized rental income on a straight-line basis represented greater than 10% of total annualized rental income on a straight-line basis for all portfolio properties as of September 30, 2013:
	Tenant		September 30, 2013
	Versacold USA		18.7	%
	Merrill Lynch, Pierce, Fenner & Smith		18.7	%
	American Express Travel Related Services Company, Inc.		10.9	%
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 as of September 30, 2013:
	State		September 30, 2013
	New Jersey		18.9	%
	Georgia		18.3	%
	North Carolina		11.8	%

Investment_Securities_Tables

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2013
Investments, Debt and Equity Securities [Abstract]	'
Schedule of Available-for-sale Securities Reconciliation	'
	The following table details the unrealized gains and losses on investment securities as of September 30, 2013:
		September 30, 2013
	(In thousands)	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	Investment securities	$	97,388	$	—	$	(4,317	)	$	93,071

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
Fair Value, Liabilities Measured on Recurring Basis	'
	The following table presents information about the Company's assets measured at fair value on a recurring basis as of September 30, 2013, aggregated by the level in the fair value hierarchy within which those instruments fall:
	(In thousands)	Quoted Prices		Significant Other		Significant		Total
		in Active		Observable		Unobservable
		Markets		Inputs		Inputs
		Level 1		Level 2		Level 3
	Investment securities	$	93,071	$	—	$	—	$	93,071

Common_Stock_Common_Stock_Tabl

Common Stock Common Stock (Tables)	9 Months Ended
	Sep. 30, 2013
Stockholders' Equity Note [Abstract]	'
Schedule of Share Repurchases	'
	The Company has a Share Repurchase Program ("SRP") that enables stockholders to sell their shares to the Company under limited circumstances. Under the SRP, stockholders may request that the Company repurchase all or any portion, subject to certain minimum conditions, of their shares on any business day, if such repurchase does not impair the Company's capital or operations. The following table summarizes the number of shares repurchased under the Company's SRP cumulatively through September 30, 2013.
			Number of Requests	Number of Shares	Weighted Average Price per Share
	Cumulative repurchase requests as of September 30, 2013 (1)		4	1,400	$	24.98
	_____________________
	-1	Includes three unfulfilled repurchase requests consisting of 1,129 shares at a weighted-average repurchase price per share of $24.97, which were approved for repurchase as of September 30, 2013 and completed during the fourth quarter of 2013. This liability is included in accounts payable and accrued expenses on the Company's consolidated balance sheet.

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Schedule of Future Minimum Rental Payments for Master Leases	'
	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
	October 1, 2013 to December 31, 2013	$	188
	2014	751
	2015	754
	2016	762
	2017	762
	Thereafter	5,797
		$	9,014

Related_Party_Transactions_and1

Related Party Transactions and Arrangements (Tables)	9 Months Ended
	Sep. 30, 2013
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:
	(In thousands)	Three Months Ended September 30, 2013			Period from January 22, 2013 (date of inception) to September 30, 2013			Payable as of
								30-Sep-13
	Total commissions and fees from the Dealer Manager	$	95,562		$	135,238		$	1,164
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:
	(In thousands)	Three Months Ended September 30, 2013		Period from January 22, 2013 (date of inception) to September 30, 2013			Payable as of
							30-Sep-13
	Fees and expense reimbursements from the Advisor and Dealer Manager	$	22,020	$	27,345		$	282
Schedule of Amount Contractually Due and Forgiven in Connection With Operation Related Services	'
	The following table details amounts incurred, forgiven and payable as of and for the periods presented:
		Three Months Ended September 30, 2013					Period from January 22, 2013 (date of inception) to September 30, 2013					Payable as of
	(In thousands)	Incurred		Forgiven			Incurred			Forgiven		September 30, 2013
	One-time fees and reimbursements:
	Acquisition fees and related cost reimbursements	$	9,758	$	—		$	9,806		$	—	$	—
	Financing coordination fees	1,500		—			1,500			—		—
	Transaction fees	1,745		—			1,745			—		1,745
	Ongoing fees:
	Strategic advisory fees	613		—			613			—		—
	Distributions on Class B Units	—		—			—			—		—
	Total related party operation fees and reimbursements	$	13,616	$	—		$	13,664		$	—	$	1,745

ShareBased_Compensation_Tables

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2013
Share-based Compensation [Abstract]	'
Schedule of Share-based Compensation, Activity	'
	The following table reflects restricted share award activity for the period from January 22, 2013 (date of inception) to September 30, 2013:
		Number of Shares of Common Stock			Weighted-Average Issue Price
	Unvested, January 22, 2013	—			$	—
	Granted	5,333			22.5
	Vested	(1,333	)		22.5
	Unvested, September 30, 2013	4,000			$	22.5
Schedule of Share-based Compensation, Activity for Services	'
	The following table reflects the shares of common stock issued to directors in lieu of cash compensation:
	(Dollar amounts in thousands)		Three Months Ended September 30, 2013				Period from January 22, 2013 (date of inception) to September 30, 2013
	Value of shares issued in lieu of cash		$	56			$	64
	Shares issued in lieu of cash		2,456				2,812

Net_Loss_Per_Share_Tables

Net Loss Per Share (Tables)	9 Months Ended
	Sep. 30, 2013
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 months ended September 30, 2013 and for the period from January 22, 2013 (date of inception) to September 30, 2013:
		Three Months Ended September 30, 2013			Period from January 22, 2013 (date of inception) to September 30, 2013
	Net loss (in thousands)	$	(17,014	)	$	(17,259	)
	Basic and diluted weighted-average shares outstanding	38,295,114			16,370,852
	Basic and diluted net loss per share	$	(0.44	)	$	(1.05	)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	'
	The following common stock equivalents as of September 30, 2013 were excluded from diluted net loss per share computations as their effect would have been antidilutive:
		September 30, 2013
	Unvested restricted stock	4,000
	OP Units	90
	Class B units	192
	Total common stock equivalents	4,282

Subsequent_Events_Tables

Subsequent Events (Tables)	9 Months Ended
	Sep. 30, 2013
Subsequent Events [Abstract]	'
Schedule of Subsequent Events	'
	Total capital raised to date, including proceeds from shares issued pursuant to the DRIP, is as follows:
	Source of Capital (In thousands)	Period from January 22, 2013 (date of inception) to September 30, 2013			October 1 to October 31, 2013			Total
	Common stock	$	1,459,967		$	83,192		$	1,543,159
Schedule of Real Estate Properties	'
	Acquisitions
	The following table presents certain information about the properties that the Company acquired from October 1, 2013 to November 12, 2013:
	(Dollar amounts in thousands)	Number of Properties		Base Purchase Price (1)			Rentable Square Feet
	Total portfolio — September 30, 2013	158		$	896,081		6,312,929
	Acquisitions	16		114,471			733,328
	Total portfolio — November 12, 2013	174		$	1,010,552		7,046,257
	_______________________________
	(1) Contract purchase price, excluding acquisition related costs.

Organization_Details

Organization (Details) (USD $)	3 Months Ended	9 Months Ended			9 Months Ended
	Apr. 25, 2013	Sep. 30, 2013	Apr. 04, 2013	Oct. 31, 2013	Sep. 30, 2013	Sep. 30, 2013	Apr. 04, 2013	Apr. 04, 2013
		property		Special Limited Partner [Member]	Minimum [Member]	Common Stock [Member]	Common Stock [Member]	Common Stock [Member]
		sqft		American Realty Capital Trust V Special Limited Partner, LLC [Member]				Minimum [Member]
Operations [Line Items]	'	'	'	'	'	'	'	'
Stock Available for Issuance, Shares, Initial Public Offering	'	'	'	'	'	'	68,000,000	'
Common stock, par value, in dollars per share	'	$0.01	$0.01	'	'	'	'	'
Share Price	'	'	'	'	'	$25	$25	'
Shares available for issuance under a distribution reinvestment plan, shares	'	'	'	'	'	14,700,000	14,700,000	'
Initial Public Offering, Subscriptions Required To Break Escrow, Minimum	$2,000,000	'	'	'	'	'	'	'
Common stock, outstanding	'	59,025,914	'	'	'	'	'	'
Proceeds from issuances of common stock	'	1,441,213,000	'	'	'	1,500,000,000	'	'
SharesReallocatedFromDRIPtoPrimaryIPO	'	'	'	'	'	14,500,000	'	'
Common Stock, Value, Outstanding	'	1,500,000,000	'	'	'	'	'	'
Share Price, Dividend Reinvestment Plan	'	'	'	'	'	$23.75	$23.75	'
Payments to acquire real estate	'	885,646,000	'	'	1,400,000,000	'	'	'
Share Price, Dividend Reinvestment Plan, Percentage of Estimated Value of Common Stock	'	'	'	'	'	'	'	95.00%
Number of Real Estate Properties	'	158	'	'	'	'	'	'
Real Estate Investment, Aggregate Purchase Price	'	896,100,000	'	'	'	'	'	'
Area of Real Estate Property	'	6,300,000	'	'	'	'	'	'
Real Estate Property, Occupancy Rate	'	100.00%	'	'	'	'	'	'
Real Estate Property, Weighted Average Remaining Lease Term	'	'12 years 3 months 18 days	'	'	'	'	'	'
Limited Partners' Contributed Capital	'	'	'	$2,020	'	'	'	'
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest, Units	'	'	'	90	'	'	'	'

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Apr. 25, 2013
Accounting Policies [Abstract]	'
Initial Public Offering, Subscriptions Required To Break Escrow, Minimum	$2

Real_Estate_Investments_Detail

Real Estate Investments (Details) (USD $)

9 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2013

Dec. 31, 2013

Aug. 09, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2013

Aug. 09, 2013

Jul. 24, 2013

property

company

NEW JERSEY

GEORGIA

NORTH CAROLINA

Versacold USA [Member]

Merrill Lynch, Pierce, Fenner and Smith [Member]

American Express Travle Related Services Company, Inc. [Member]

Below Market Lease [Member]

Fortress Portfolio [Member]

ARCT V Fortress Portfolio [Member]

ARCT V Inland Portfolio [Member]

ARCT V Inland Portfolio [Member]

ARCT V Inland Portfolio [Member]

Fortress Portfolio [Member]

property

property

property

property

company

Land

$123,176,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Buildings, fixtures and improvements

669,311,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total tangible assets

792,487,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

In-place leases

101,567,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Below-market lease liabilities

-931,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total intangibles

100,636,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other acquisitions

'

'

'

'

'

'

'

'

'

3,017,000

[1]

'

'

'

'

'

'

Real estate investments financed through accounts payable

896,140,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Real estate investments financed through accounts payable

-10,494,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cash paid for acquired real estate investments, at cost

885,646,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of properties purchased

158

'

'

'

'

'

'

'

'

'

'

41

47

'

'

'

Other assets acquired gross

5,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other liabilites acquired gross

2,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Provisional land acquired

497,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Provisional buildings acquired

67,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Provisional fixtures acquired

374,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Provisional in-place leases acquired

55,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Payments for Deposits on Real Estate Acquisitions

110,005,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Pro forma revenues

35,177,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Pro forma net loss

-817,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

October 1, 2013 to December 31, 2013

15,825,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2014

63,902,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2015

64,837,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2016

65,547,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2017

66,258,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Thereafter

557,677,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total

834,046,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Concentration Risk, Percentage

'

'

'

'

'

'

18.70%

18.70%

10.90%

'

'

'

'

'

'

'

Entity Wide Revenue, Major State, Percentage

'

'

'

18.90%

18.30%

11.80%

'

'

'

'

'

'

'

'

'

'

Number of Properties to be Acquired

'

'

'

'

'

'

'

'

'

'

196

51

'

244

'

'

Real Estate Investment Property, at Cost

$894,054,000

$302,200,000

$2,300,000,000

'

'

'

'

'

'

'

'

$267,700,000

$1,500,000,000

$430,200,000

'

$972,500,000

Number of Companies

'

'

67

'

'

'

'

'

'

'

'

'

'

'

42

'

[1]

Represents the purchase price, including closing costs, for the acquisition of a leasehold interest. A resulting asset of $5.3 million and liability of $2.3 million are recorded in prepaid expenses and other assets and accounts payable and accrued expenses, respectively, on the consolidated balance sheet.

Revolving_Credit_Facility_Deta

Revolving Credit Facility (Details) (Revolving Credit Facility [Member], USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Sep. 23, 2013
Minimum [Member] | LIBOR Plus Consolidated Leverage Ratio [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Interest rate	0.60%	0.60%	'
Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Interest rate	1.60%	1.60%	'
Maximum [Member] | LIBOR Plus Consolidated Leverage Ratio [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Interest rate	1.20%	1.20%	'
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Interest rate	2.20%	2.20%	'
JPMorgan Chase Bank, N.A. [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Maximum borrowing capacity	'	'	$200,000,000
Maximum borrowing capacity, contingent upon commitments	'	'	750,000,000
Unused borrowing minimum percentage	'	50.00%	'
Unused borrowing capacity fee	11,000	11,000	'
JPMorgan Chase Bank, N.A. [Member] | Federal Funds Effective Rate [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Interest rate	0.50%	0.50%	'
JPMorgan Chase Bank, N.A. [Member] | London Interbank Offered Rate (LIBOR) [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Interest rate	1.00%	1.00%	'
Interest rate period	'	'1 month	'
JPMorgan Chase Bank, N.A. [Member] | Swing Line [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Maximum borrowing capacity	'	'	25,000,000
JPMorgan Chase Bank, N.A. [Member] | Letter of Credit [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Maximum borrowing capacity	'	'	$20,000,000
JPMorgan Chase Bank, N.A. [Member] | Minimum [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Unused capacity commitment fee percentage	'	0.25%	'
JPMorgan Chase Bank, N.A. [Member] | Maximum [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Unused capacity commitment fee percentage	'	0.15%	'

Investment_Securities_Details

Investment Securities (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013
Schedule of Available-for-sale Securities [Line Items]	'
Cost	$97,388
Gross Unrealized Gains	0
Gross Unrealized Losses	-4,317
Fair Value	$93,071
Preferred Stock [Member]	'
Schedule of Available-for-sale Securities [Line Items]	'
Period from issuance when investments become redeemable	'5 years
Weighted average maturity	'29 years 1 month 6 days
Weighted average interest rate	5.60%

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Schedule of Fair Value, Liabilities Measured on Recurring Basis) (Details) (USD $)	Sep. 30, 2013
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Investment securities, at fair value	$93,071
Available-for-sale Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Investment securities, at fair value	93,071
Available-for-sale Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Investment securities, at fair value	0
Available-for-sale Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Investment securities, at fair value	0
Available-for-sale Securities [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member]	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Investment securities, at fair value	$93,071

Common_Stock_Schedule_of_Stock

Common Stock (Schedule of Stock by Class) (Details) (USD $)	0 Months Ended	9 Months Ended			9 Months Ended
In Thousands, except Share data, unless otherwise specified	Apr. 10, 2013	Sep. 30, 2013	Sep. 30, 2013	Apr. 04, 2013	Sep. 30, 2013		Sep. 30, 2013
			Common Stock [Member]	Common Stock [Member]	Approved [Member]		Unfunded [Member]
Class of Stock [Line Items]	'	'	'	'	'		'
Common stock, outstanding	'	59,025,914	'	'	'		'
Proceeds from issuances of common stock	'	$1,441,213	$1,500,000	'	'		'
Common Stock, Dividends, Per Share Per Day, Declared	$0.00	'	'	'	'		'
Share Price	'	'	$25	$25	'		'
Number of Requests	'	'	'	'	4	[1]	3
Number of Shares	'	'	'	'	1,400	[1]	'
Weighted Average Price per Share	'	'	'	'	$24.98	[1]	$24.97
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	'	'	'	'	'		1,129
[1]	Includes three unfulfilled repurchase requests consisting ofB 1,129B shares at a weighted-average repurchase price per share ofB $24.97, which were approved for repurchase as of SeptemberB 30, 2013 and completed during the fourth quarter of 2013. This liability is included in accounts payable and accrued expenses on the Company's consolidated balance sheet.

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	Sep. 30, 2013
In Thousands, unless otherwise specified
Commitments and Contingencies Disclosure [Abstract]	'
October 1, 2013 to December 31, 2013	$188
2014	751
2015	754
2016	762
2017	762
Thereafter	5,797
Total	$9,014

Related_Party_Transactions_and2

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

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2013

Oct. 31, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Apr. 04, 2013

Special Limited Partner [Member]

Special Limited Partner [Member]

Maximum [Member]

Gross Proceeds, Common Stock [Member]

Contract Purchase Price [Member]

Contract Purchase Price [Member]

Advance on Loan or Other Investment [Member]

Advance on Loan or Other Investment [Member]

Contract Purchase Price, All Assets Acquired [Member]

Amount Available or Outstanding Under Financing Arrangement [Member]

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

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

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

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

Sales Commissions and Dealer Manager Fees [Member]

Sales Commissions and Dealer Manager Fees [Member]

Fees and Expense Reimbursement, Stock Offering [Member]

Fees and Expense Reimbursement, Stock Offering [Member]

Annual Targeted Investor Return [Member]

Absorbed General and Administrative Expenses [Member]

Absorbed General and Administrative Expenses [Member]

Brokerage Commission Fees [Member]

Real Estate Commissions [Member]

Option One [Member]

Option One [Member]

Option Two [Member]

Greater Of [Member]

Greater Of [Member]

Incurred [Member]

Incurred [Member]

Forgiven [Member]

Forgiven [Member]

Payable [Member]

Payable [Member]

Payable [Member]

Nonrecurring Fees [Member]

Nonrecurring Fees [Member]

Nonrecurring Fees [Member]

Nonrecurring Fees [Member]

Nonrecurring Fees [Member]

Nonrecurring Fees [Member]

Nonrecurring Fees [Member]

Nonrecurring Fees [Member]

Nonrecurring Fees [Member]

Nonrecurring Fees [Member]

Nonrecurring Fees [Member]

Nonrecurring Fees [Member]

Nonrecurring Fees [Member]

Nonrecurring Fees [Member]

Nonrecurring Fees [Member]

Recurring Fees [Member]

Recurring Fees [Member]

Recurring Fees [Member]

Recurring Fees [Member]

Recurring Fees [Member]

Recurring Fees [Member]

Recurring Fees [Member]

Recurring Fees [Member]

Recurring Fees [Member]

Recurring Fees [Member]

Sales Commissions and Dealer Manager Fees [Member]

American Realty Capital Trust V Special Limited Partner, LLC [Member]

American Realty Capital Trust V Special Limited Partner, LLC [Member]

Maximum [Member]

Advisor [Member]

Maximum [Member]

Advisor [Member]

Maximum [Member]

Maximum [Member]

Advisor [Member]

Special Limited Partner [Member]

Advisor [Member]

Maximum [Member]

Special Limited Partner [Member]

Dealer Manager [Member]

Dealer Manager [Member]

Advisor and Dealer Manager [Member]

Advisor and Dealer Manager [Member]

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

Advisor [Member]

Advisor [Member]

Contract Sales Price [Member]

Contract Sales Price [Member]

Gross Proceeds, Common Stock [Member]

Gross Proceeds, Common Stock [Member]

Gross Proceeds, Common Stock [Member]

Average Invested Assets [Member]

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

Sales Commissions and Dealer Manager Fees [Member]

Fees and Expense Reimbursement, Stock Offering [Member]

Operation Fees and Reimbursements [Member]

Incurred [Member]

Incurred [Member]

Incurred [Member]

Incurred [Member]

Incurred [Member]

Incurred [Member]

Forgiven [Member]

Forgiven [Member]

Forgiven [Member]

Forgiven [Member]

Forgiven [Member]

Forgiven [Member]

Payable [Member]

Payable [Member]

Payable [Member]

Incurred [Member]

Incurred [Member]

Incurred [Member]

Incurred [Member]

Forgiven [Member]

Forgiven [Member]

Forgiven [Member]

Forgiven [Member]

Payable [Member]

Payable [Member]

Dealer Manager [Member]

American Realty Capital Advisors V, LLC [Member]

Advisor [Member]

American Realty Capital Advisors V, LLC [Member]

Advisor [Member]

Advisor [Member]

American Realty Capital Advisors V, LLC [Member]

American Realty Capital Trust V Special Limited Partner, LLC [Member]

American Realty Capital Advisors V, LLC [Member]

Advisor [Member]

American Realty Capital Trust V Special Limited Partner, LLC [Member]

Realty Capital Securities, LLC [Member]

Realty Capital Securities, LLC [Member]

American Realty Capital Advisors V, LLC (Advisor) and Realty Capital Securities, LLC (Dealer Manager) [Member]

American Realty Capital Advisors V, LLC (Advisor) and Realty Capital Securities, LLC (Dealer Manager) [Member]

Advisor [Member]

American Realty Capital Advisors V, LLC [Member]

American Realty Capital Advisors V, LLC [Member]

Maximum [Member]

Maximum [Member]

Maximum [Member]

Maximum [Member]

Dealer Manager [Member]

Maximum [Member]

Maximum [Member]

Dealer Manager [Member]

Advisor and Dealer Manager [Member]

Acquisition and Related Expenses [Member]

Acquisition and Related Expenses [Member]

Financing Coordination Fees [Member]

Financing Coordination Fees [Member]

Transaction Fee [Member]

Transaction Fee [Member]

Acquisition and Related Expenses [Member]

Acquisition and Related Expenses [Member]

Financing Coordination Fees [Member]

Financing Coordination Fees [Member]

Transaction Fee [Member]

Transaction Fee [Member]

Acquisition and Related Expenses [Member]

Financing Coordination Fees [Member]

Transaction Fee [Member]

Strategic Advisory Fees [Member]

Strategic Advisory Fees [Member]

Distributions On Class B Units [Member]

Distributions On Class B Units [Member]

Strategic Advisory Fees [Member]

Strategic Advisory Fees [Member]

Distributions On Class B Units [Member]

Distributions On Class B Units [Member]

Strategic Advisory Fees [Member]

Distributions On Class B Units [Member]

Realty Capital Securities, LLC [Member]

American Realty Capital Advisors V, LLC [Member]

American Realty Capital Advisors V, LLC [Member]

American Realty Capital Advisors V, LLC [Member]

American Realty Capital Advisors V, LLC [Member]

American Realty Capital Advisors V, LLC [Member]

Advisor [Member]

Advisor [Member]

Dealer Manager [Member]

Participating Broker-Dealer [Member]

Realty Capital Securities, LLC [Member]

Advisor [Member]

Advisor [Member]

Realty Capital Securities, LLC [Member]

American Realty Capital Advisors V, LLC (Advisor) and Realty Capital Securities, LLC (Dealer Manager) [Member]

American Realty Capital Advisors V, LLC [Member]

American Realty Capital Advisors V, LLC [Member]

Realty Capital Securities, LLC [Member]

American Realty Capital Advisors V, LLC [Member]

American Realty Capital Advisors V, LLC [Member]

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock held by related party, in shares

'

'

8,888

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Limited Partners' Contributed Capital

'

$2,020

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest, Units

'

90

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Sales commissions as a percentage of benchmark

'

'

'

'

7.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Brokerage fee as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Brokerage fees as a percentage of benchmark, initial grant

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Brokerage fees as a percentage of benchmark, periodic payment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Expenses from Transactions with Related Party

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

95,562,000

135,238,000

22,020,000

27,345,000

'

'

'

'

'

'

'

'

'

'

13,616,000

13,664,000

0

0

1,164,000

282,000

1,745,000

9,758,000

9,806,000

1,500,000

1,500,000

1,745,000

1,745,000

0

0

0

0

0

0

0

0

1,745,000

613,000

613,000

0

0

0

0

0

0

0

0

'

Liability for offering and related costs from IPO

'

'

'

2.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cumulative offering cost cap

15.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cumulative offering costs, net of unpaid amounts

165,400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acquisition fees as a percentage of benchmark

'

'

'

'

'

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate acquisition fees and acquisition related expenses as a percentage of benchmark

'

'

'

'

'

'

4.50%

'

'

1.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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

'

'

'

'

'

'

'

'

'

'

0.75%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Cumulative Capital Investment Return, as a Percentage of Benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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

'

'

'

'

'

0.19%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share Price

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$22.50

Operating expenses as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.00%

25.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Amounts of Transaction

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0

$100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Subordinated performance fee as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

15.00%

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Real estate commissions as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.00%

6.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Subordinated participation fees as a percentage of benchmark

'

'

'

'

'

'

'

'

'

'

'

15.00%

'

'

15.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount

4,282

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

ShareBased_Compensation_Detail

Share-Based Compensation (Details) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Jan. 21, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Stock Issued During Period, Value, Issued for Services	$56,000	$64,000	'
Stock Issued During Period, Shares, Issued for Services	2,456	2,812	'
Restricted Share Plan [Member] | Restricted Stock [Member]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Shares granted automatically upon election to board of directors, in shares	1,333	1,333	'
Share-based Compensation Arrangement by Share-based Payment Award, Award 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, Non-Option Equity Instruments, Outstanding, Number	4,000	4,000	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$22.50	$22.50	$0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	'	5,333	'
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	'	$22.50	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	'	-1,333	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	'	$22.50	'
Allocated Share-based Compensation Expense	$5,000	$39,000	'

Net_Loss_Per_Share_Details

Net Loss Per Share (Details) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Net loss	($17,014,000)	($17,259,000)
Basic and diluted weighted-average shares outstanding	38,295,114	16,370,852
Basic and diluted net loss per share	($0.44)	($1.05)
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	'	4,282
Restricted Stock [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	'	$4,000
OP Units [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	'	90
Advisor [Member] | Contract Purchase Price [Member] | American Realty Capital Advisors V, LLC [Member] | Class B Units [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	'	192

Subsequent_Events_Details

Subsequent Events (Details) (USD $)

9 Months Ended

9 Months Ended

1 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2013

Oct. 31, 2013

Sep. 30, 2013

Apr. 04, 2013

Oct. 31, 2013

Sep. 30, 2013

Sep. 30, 2013

Nov. 12, 2013

Nov. 12, 2013

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Subsequent Event [Member]

Subsequent Event [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Total Portfolio, As of Document End Date [Member]

Acquisitions During Subsequent Events Period [Member]

Total Portfolio, End of Subsequent Events Period [Member]

property

Subsequent Event [Member]

Subsequent Event [Member]

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Subsequent Event [Member]

Subsequent Event [Member]

property

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property

property

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Subsequent Event [Line Items]

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Common stock, outstanding

59,025,914

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62,400,000

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Proceeds from issuances of common stock

$1,441,213,000

$1,500,000,000

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$1,500,000,000

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Common Stock, Value, Outstanding

1,500,000,000

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1,600,000,000

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Share Price

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$25

$25

$25

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Share Price, Dividend Reinvestment Plan

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$23.75

$23.75

$23.75

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Issuances of common stock

1,453,727,000

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1,459,967,000

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83,192,000

1,543,159,000

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Number of Real Estate Properties

158

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158

16

174

Real Estate Investment, Aggregate Purchase Price

896,100,000

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896,081,000

[1]

114,471,000

[1]

1,010,552,000

[1]

Rentable Square Feet

6,300,000

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6,312,929

733,328

7,046,257

Cost

$97,388,000

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[1]

Contract purchase price, excluding acquisition related costs.