Necessity Retail REIT (RTL) 10-K 13 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2016	Feb. 28, 2017	Jun. 30, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	AMERICAN FINANCE TRUST, INC.
Entity Central Index Key	1,568,162
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		104,329,255
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 0

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Real estate investments, at cost:
Land	$ 328,656	$ 358,278
Buildings, fixtures and improvements	1,395,602	1,540,821
Acquired intangible lease assets	300,129	319,028
Total real estate investments, at cost	2,024,387	2,218,127
Less: accumulated depreciation and amortization	(287,090)	(215,427)
Total real estate investments, net	1,737,297	2,002,700
Cash and cash equivalents	131,215	130,500
Restricted cash	7,890	7,887
Commercial mortgage loan, held for investment, net	17,175	17,135
Prepaid expenses and other assets	29,513	21,982
Deferred costs, net	3,767	0
Assets held for sale	137,602	56,884
Total assets	2,064,459	2,237,088
LIABILITIES AND STOCKHOLDERS' EQUITY
Mortgage notes payable, net of deferred financing costs	1,022,275	1,033,582
Mortgage premiums, net	10,681	14,892
Market lease liabilities, net	13,915	18,133
Accounts payable and accrued expenses (including $910 and $541 due to related parties as of December 31, 2016 and 2015, respectively)	13,553	24,964
Deferred rent and other liabilities	9,970	9,569
Distributions payable	9,199	9,199
Total liabilities	1,079,593	1,110,339
Preferred stock, $0.01 par value per share, 50,000,000 shares authorized, none issued and outstanding	0	0
Common stock, $0.01 par value per share, 300,000,000 shares authorized, 65,805,184 and 64,961,256 shares issued and outstanding as of December 31, 2016 and 2015, respectively	658	650
Additional paid-in capital	1,449,662	1,429,294
Accumulated deficit	(465,454)	(303,195)
Total stockholders' equity	984,866	1,126,749
Total liabilities and stockholders' equity	$ 2,064,459	$ 2,237,088

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Due to related parties (in usd)	$ 910	$ 541
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized	50,000,000	50,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized	300,000,000	300,000,000
Common stock, issued	65,805,184	64,961,256
Common stock, outstanding	65,805,184	64,961,256

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues:
Rental income	$ 164,386	$ 160,865	$ 146,139
Operating expense reimbursements	12,232	11,495	12,241
Interest income from debt investments	1,050	2,138	0
Total revenues	177,668	174,498	158,380
Operating expenses:
Asset management fees to related party	18,000	13,009	0
Property operating	13,614	13,258	13,492
Impairment charges	27,299	0	0
Acquisition and transaction related	7,063	2,220	22,595
General and administrative	11,168	11,314	6,011
Depreciation and amortization	101,143	101,546	93,379
Total operating expenses	178,287	141,347	135,477
Operating (loss) income	(619)	33,151	22,903
Other income (expense):
Interest expense	(54,253)	(40,891)	(27,665)
Loss on extinguishment of debt	0	(7,564)	0
Loss on sale of commercial mortgage-backed securities	0	(1,585)	0
Income from investment securities	0	363	2,279
Gain on sale of other real estate securities, net	0	738	297
Gain on sale of real estate investments	454	0	0
Loss on commercial mortgage loans held for sale	0	(5,476)	0
Other income	163	147	189
Total other expense, net	(53,636)	(54,268)	(24,900)
Net loss	(54,255)	(21,117)	(1,997)
Other comprehensive (loss) income:
Change in unrealized (loss) income on investment securities	0	(463)	7,444
Comprehensive (loss) income	$ (54,255)	$ (21,580)	$ 5,447
Basic and diluted weighted-average shares outstanding (in shares)	65,450,432	66,028,245	64,333,260
Basic and diluted net loss per share (in dollars per share)	$ (0.83)	$ (0.32)	$ (0.03)

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Accumulated Deficit [Member]
Beginning Balance (in shares) at Dec. 31, 2013		62,985,937
Beginning Balance at Dec. 31, 2013	$ 1,311,814	$ 630	$ 1,383,066	$ (6,981)	$ (64,901)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Changes in offering costs	201		201
Common stock issued through distribution reinvestment plan (in shares)		2,566,242
Common stock issued through distribution reinvestment plan	$ 60,977	$ 26	60,951
Common stock repurchases (in shares)	(295,825)	(295,825)
Common stock repurchases	$ (7,095)	$ (3)	(7,092)
Share-based compensation, net of forfeitures (in shares)		1,600
Share-based compensation, net of forfeitures	21		21
Distributions declared	(106,200)				(106,200)
Net loss	(1,997)				(1,997)
Other comprehensive income (loss)	7,444			7,444
Ending Balance (in shares) at Dec. 31, 2014		65,257,954
Ending Balance at Dec. 31, 2014	1,265,165	$ 653	1,437,147	463	(173,098)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued through distribution reinvestment plan (in shares)		1,469,319
Common stock issued through distribution reinvestment plan	$ 34,806	$ 15	34,791
Common stock repurchases (in shares)	(1,769,738)	(1,769,738)
Common stock repurchases	$ (42,713)	$ (18)	(42,695)
Share-based compensation, net of forfeitures (in shares)		3,721
Share-based compensation, net of forfeitures	51		51
Distributions declared	(108,980)				(108,980)
Net loss	(21,117)				(21,117)
Other comprehensive income (loss)	(463)			(463)
Ending Balance (in shares) at Dec. 31, 2015		64,961,256
Ending Balance at Dec. 31, 2015	$ 1,126,749	$ 650	1,429,294	0	(303,195)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued through distribution reinvestment plan (in shares)	848,067	848,059
Common stock issued through distribution reinvestment plan	$ 20,499	$ 8	20,491
Common stock repurchases (in shares)	(7,854)	(7,854)
Common stock repurchases	$ (190)	$ 0	(190)
Share-based compensation, net of forfeitures (in shares)		3,723
Share-based compensation, net of forfeitures	67		67
Distributions declared	(108,004)				(108,004)
Net loss	(54,255)				(54,255)
Ending Balance (in shares) at Dec. 31, 2016		65,805,184
Ending Balance at Dec. 31, 2016	$ 984,866	$ 658	$ 1,449,662	$ 0	$ (465,454)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net loss	$ (54,255)	$ (21,117)	$ (1,997)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation	66,831	66,946	62,571
Amortization of in-place lease assets	34,247	34,600	30,808
Amortization of deferred financing costs	8,716	12,663	4,588
Amortization of mortgage premiums on borrowings	(4,211)	(7,208)	(6,096)
Discount accretion and premium amortization on investments, net	(40)	(96)	0
Amortization of market lease intangibles, net	477	1,666	1,421
Share-based compensation	67	51	21
Gain on sale of real estate investments	(454)	0	0
Impairment charges	27,299	0	0
Loss on sale of commercial mortgage-backed securities	0	1,585	0
Gain on sale of other real estate securities, net	0	(738)	(297)
Loss on commercial mortgage loans held for sale	0	5,476	0
Changes in assets and liabilities:
Prepaid expenses and other assets	(8,882)	(7,878)	353
Accounts payable and accrued expenses	3,173	1,177	2,417
Deferred rent and other liabilities	401	2,331	6,022
Net cash provided by operating activities	73,369	89,458	99,811
Cash flows from investing activities:
Origination of commercial mortgage loans	0	(79,410)	0
Purchase of commercial mortgage-backed securities	0	(30,198)	0
Investment in real estate and other assets	(34,244)	0	(538,130)
Proceeds from sale of real estate investments	15,190	0	0
Proceeds from investment securities	0	19,266	47,316
Net cash provided by (used in) investing activities	37,830	(61,718)	(490,814)
Cash flows from financing activities:
Proceeds from mortgage notes payable	0	780,000	0
Payments on mortgage notes payable	(1,014)	(196,431)	(989)
Proceeds from credit facility	0	0	423,000
Payments on credit facility	0	(423,000)	0
Payments of financing costs	(5,709)	(18,806)	(10,622)
Proceeds from issuances of common stock	0	0	127
Payments of offering costs and fees related to stock issuances	0	0	(37)
Common stock repurchases	(16,253)	(31,725)	(2,020)
Distributions paid	(87,505)	(74,151)	(44,872)
Restricted cash	(3)	(7,887)	0
Net cash (used in) provided by financing activities	(110,484)	28,000	364,587
Net change in cash and cash equivalents	715	55,740	(26,416)
Cash and cash equivalents, beginning of period	130,500	74,760	101,176
Cash and cash equivalents, end of period	131,215	130,500	74,760
Supplemental Disclosures:
Cash paid for interest	49,140	42,696	27,115
Cash paid for income taxes	739	877	422
Accrued common stock repurchases	0	16,063	5,075
Non-Cash Investing and Financing Activities:
Mortgage notes payable released in connection with disposition of real estate	(14,867)	0	0
Mortgage notes payable assumed or used to acquire investments in real estate	0	0	462,238
Premiums on assumed mortgage notes payable	0	0	27,862
Common stock issued through distribution reinvestment plan	20,499	34,806	60,977
Commercial mortgage-backed securities [Member]
Cash flows from investing activities:
Proceeds from sale of commercial mortgage-backed securities	0	28,624	0
Proceeds from investment securities	28,624
Commercial mortgage loans [Member]
Cash flows from investing activities:
Proceeds from sale of commercial mortgage-backed securities	$ 56,884	$ 0	$ 0

Organization

Organization	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Note 1 — Organization American Finance Trust, Inc. (the "Company"), formerly known as American Realty Capital Trust V, Inc., is a diversified REIT with a retail focus. The Company owns a diversified portfolio of commercial properties which are net leased primarily to investment grade and other creditworthy tenants and a portfolio of stabilized core retail properties, consisting primarily of power centers and lifestyle centers, which were acquired in the Merger (as defined in Note 2 — Completed Mergers and Significant Disposals ). Prior to the Merger, the Company acquired a diversified portfolio of commercial properties comprised primarily of freestanding single-tenant properties that are net leased to investment grade and other creditworthy tenants. The Company intends to focus its future acquisitions on net leased properties, which are expected to consist primarily of retail properties, and stabilized core retail properties. As of December 31, 2016 , the Company owned 455 properties with an aggregate purchase price of $2.2 billion , comprised of 13.3 million rentable square feet, which were 100.0% leased. The Company, incorporated on January 22, 2013 , is a Maryland corporation that elected and qualified to be taxed as a real estate investment trust for U.S. federal income tax purposes ("REIT") beginning with the taxable year ended December 31, 2013. Substantially all of the Company's business is conducted through American Finance Operating Partnership, L.P. (the "OP"), a Delaware limited partnership and its wholly-owned subsidiaries. On April 4, 2013, the Company commenced its 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. The IPO closed in October 2013. As of December 31, 2016 , the Company had 65.8 million shares of common stock outstanding, including unvested restricted shares and shares issued pursuant to the Company's distribution reinvestment plan (the "DRIP"), and had received total proceeds from the IPO and the DRIP, net of share repurchases, of $1.6 billion . The Company has no employees. The Company has retained American Finance Advisors, LLC (the "Advisor") to manage the Company's affairs on a day-to-day basis. American Finance Properties, LLC (the "Property Manager") serves as the Company's property manager. The Advisor and the Property Manager are wholly owned subsidiaries of AR Global Investments, LLC (the successor business to AR Capital, LLC, the "Sponsor" or "AR Global"), as a result of which, they are related parties of the Company, and each have received or will receive, as applicable, compensation, fees and expense reimbursements for services related to managing the Company's business. The shares of the Company's common stock have been approved for listing on the New York Stock Exchange (the "NYSE") under the symbol "AFIN" (the "Listing"), subject to the Company being in compliance with all applicable listing standards on the date it begins trading on the NYSE. The Company's approval for listing is valid through August 2017, although it may apply to extend the outside date for listing. While the Company intends to list its shares of common stock on the NYSE at a time yet to be determined by its board of directors, there can be no assurance as to when or if the Company's common stock will commence trading on the NYSE.

Completed Mergers and Significa

Completed Mergers and Significant Disposals	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Completed Mergers and Significant Disposals	Note 2 — Completed Mergers and Significant Disposals American Realty Capital — Retail Centers of America, Inc. Merger On September 6, 2016, the Company and the OP entered into an Agreement and Plan of Merger (the “Merger Agreement”) with American Realty Capital — Retail Centers of America, Inc. (“RCA”), American Realty Capital Retail Operating Partnership, L.P. (the “RCA OP”) and Genie Acquisition, LLC, a Delaware limited liability company and wholly owned subsidiary of the Company (the “Merger Sub”). The Merger Agreement provided for (a) the merger of RCA with and into the Merger Sub (the “Merger”), with the Merger Sub surviving as a wholly owned subsidiary of the Company and (b) the merger of the RCA OP with and into the OP, with the OP as the surviving entity (the “Partnership Merger”, and together with the Merger, the “Mergers”). The Mergers became effective on February 16, 2017 . Pursuant to the terms and subject to the conditions set forth in the Merger Agreement, at the effective time of the Mergers (the “Effective Time”), each outstanding share of common stock of RCA, $0.01 par value per share (“RCA Common Stock”) (including any restricted shares of RCA Common Stock and fractional shares), was converted into the right to receive (x) a number of shares of common stock of the Company, $0.01 par value per share (the “Company Common Stock”) equal to 0.385 shares of Company Common Stock (the “Stock Consideration”) and (y) cash from the Company, in an amount equal to $0.95 per share (the “Cash Consideration,” and together with the Stock Consideration, the “Merger Consideration”). In addition, at the Effective Time, (i) each unit of partnership interest of the RCA OP designated as an OP Unit issued and outstanding immediately prior to the Effective Time (other than those held by RCA as described in clause (ii) below) was automatically converted into 0.424 validly issued units of limited partnership interest of the OP (the “Partnership Merger Consideration”); (ii) each unit of partnership interest of the RCA OP designated as either an OP Unit or a GP Unit held by RCA and issued and outstanding immediately prior to the Effective Time was automatically converted into 0.385 validly issued units of limited partnership interest of the OP; (iii) each unit of partnership interest of the RCA OP designated as a Class B Unit held by RCA’s advisor and a sub-advisor issued and outstanding immediately prior to the Effective Time was converted into the Partnership Merger Consideration (the “Class B Consideration,” and together with the Partnership Merger Consideration and the Merger Consideration, the “Total Merger Consideration”) and (iv) the interest of American Realty Capital Retail Advisor, LLC, the special limited partner of the RCA OP (the “RCA Advisor”), in the RCA OP was redeemed for a cash payment, determined in accordance with the existing terms of the RCA OP’s agreement of limited partnership. In addition, as provided in the Merger Agreement, all outstanding restricted stock of RCA became fully vested and entitled to receive the Merger Consideration. In 2017, the Company issued approximately 38.2 million shares of Company Common Stock as consideration in the Merger and paid approximately $94.3 million in Cash Consideration. In connection with the execution of the Merger Agreement, the OP entered into a binding commitment, pursuant to which UBS Securities LLC, UBS AG, Stamford Branch and Citizens Bank, N.A. committed to provide a $360.0 million bridge loan facility, subject to customary conditions. The Company did not borrow any funds under the bridge loan facility. Prior to the Mergers, the Company and RCA each were sponsored, directly or indirectly, by AR Global. AR Global and its affiliates provide investment and advisory services to the Company, and previously provided such services to RCA, pursuant to written advisory agreements. In 2017, in connection with, and subject to the terms and conditions of the Merger Agreement, RCA OP units held by AR Global and its affiliates were exchanged for OP Units of the Company and certain special limited partner interests in the RCA OP held by AR Global and its affiliates were, consistent with the terms of the RCA OP partnership agreement, redeemed for a cash payment of approximately $2.8 million . The RCA Advisor was previously party to a service agreement, a property management and a leasing agreement with an independent third party, Lincoln Retail REIT Services, LLC, a Delaware limited liability company ("Lincoln"), pursuant to which Lincoln provided, subject to the RCA Advisor's oversight, real estate-related services, including acquisition, disposition, asset management and property management services, and leasing and construction oversight, as needed. The RCA Advisor passed through to Lincoln a portion of the fees and/or other expense reimbursements payable to the RCA Advisor for the performance of certain real estate-related services. In connection with the Mergers, the Advisor engaged in discussions with Lincoln for the engagement of Lincoln as the service provider for certain of RCA’s retail properties that are now owned by the Company, such that Lincoln would provide acquisition, property management and leasing services related to such retail properties. However, the Advisor and Lincoln were unable to enter into a satisfactory definitive agreement prior to the closing of the Mergers, and, on February 16, 2017, RCA provided Lincoln with notice of termination of the service agreement, the property management agreement and the leasing agreement. The Advisor and Lincoln continue to engage in discussions related to Lincoln providing such retail properties certain services. Accounting Treatment for the Mergers The Mergers will be accounted for under the acquisition method of accounting under U.S. GAAP. Under the acquisition method of accounting, the assets acquired and liabilities assumed from RCA will be recorded as of the acquisition date at their respective fair values. Any excess of purchase price over the fair values will be recorded as goodwill. Alternatively, if fair value of net assets acquired exceeds fair value of the Total Merger Consideration, the transaction could result in a bargain purchase gain that the Company would recognize immediately in earnings. Results of operations for RCA will be included in the Company’s consolidated financial statements subsequent to the Effective Date. Merrill Lynch Disposition The Company entered into a purchase and sale agreement dated as of October 11, 2016, as amended on November 10, 2016, November 18, 2016, November 23, 2016 and December 1, 2016, for the sale of three properties leased to Merrill Lynch, Pierce, Fenner & Smith (the "Merrill Lynch Properties") owned by the Company for a purchase price of $148.0 million , exclusive of closing costs. The Company consummated the disposition of the Merrill Lynch Properties on January 31, 2017 . The disposal of the Merrill Lynch Properties does not represent a strategic shift.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 3 — Summary of Significant Accounting Policies Basis of Accounting The accompanying consolidated financial statements of the Company are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company, the OP and its subsidiaries. All inter-company accounts and transactions are eliminated in consolidation. In determining whether the Company has a controlling financial interest in a joint venture and the requirement to consolidate the accounts of that entity, management considers factors such as ownership interest, authority to make decisions and contractual and substantive participating rights of the other partners or members as well as whether the entity is a variable interest entity ("VIE") for which the Company is the primary beneficiary. The Company has determined the OP is a VIE of which the Company is the primary beneficiary. Substantially all of the Company's assets and liabilities are held by the OP. Reportable Segment The Company has one reportable segment, income-producing properties, which consists of activities related to investing in real estate. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management makes significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, and fair value measurements, as applicable. Real Estate Investments Investments in real estate are recorded at cost. Improvements and replacements are capitalized when they extend the useful life of the asset. Costs of repairs and maintenance are expensed as incurred. The Company evaluates the inputs, processes and outputs of each asset acquired to determine if the transaction is a business combination or asset acquisition. If an acquisition qualifies as a business combination, the related transaction costs are recorded as an expense in the consolidated statements of operations and comprehensive (loss) income. If an acquisition qualifies as an asset acquisition, the related transaction costs are generally capitalized and subsequently amortized over the useful life of the acquired assets. In business combinations, the Company allocates the purchase price of acquired properties to tangible and identifiable intangible assets or liabilities based on their respective fair values. Tangible assets may include land, land improvements, buildings, fixtures and tenant improvements. Intangible assets may include the value of in-place leases and above- and below- market leases. In addition, any assumed mortgages receivable or payable and any assumed or issued noncontrolling interests are recorded at their estimated fair values. The fair value of the tangible assets of an acquired property with an in-place operating lease is determined by valuing the property as if it were vacant, and the "as-if-vacant" value is then allocated to the tangible assets based on the fair value of the tangible assets. The fair value of in-place leases is determined by considering estimates of carrying costs during the expected lease-up periods, current market conditions, as well as costs to execute similar leases. The fair value of above- or below-market leases is recorded based on the present value of the difference between the contractual amount to be paid pursuant to the in-place lease and our estimate of the fair market lease rate for the corresponding in-place lease, measured over the remaining term of the lease, including any below-market fixed rate renewal options for below-market leases. In allocating the fair value to assumed mortgages, amounts are recorded to debt premiums or discounts based on the present value of the estimated cash flows, which is calculated to account for either above or below-market interest rates. In allocating non-controlling interests, amounts are recorded based on the fair value of units issued at the date of acquisition, as determined by the terms of the applicable agreement. In making estimates of fair values for purposes of allocating purchase price, the Company utilizes a number of sources, including real estate valuations, prepared by independent valuation firms. The Company also considers information and other factors including: market conditions, the industry that the tenant operates in, characteristics of the real estate, i.e.: location, size, demographics, value and comparative rental rates, tenant credit profile, store profitability and the importance of the location of the real estate to the operations of the tenant's business. Real estate investments that are intended to be sold are designated as "held for sale" on the consolidated balance sheets at the lesser of carrying amount or fair value less estimated selling costs when they meet specific criteria to be presented as held for sale. Real estate investments are no longer depreciated when they are classified as held for sale. If the disposal, or intended disposal, of certain real estate investments represents a strategic shift that has had or will have a major effect on the Company's operations and financial results, the operations of such real estate investments would be presented as discontinued operations in the consolidated statements of operations and comprehensive (loss) income for all applicable periods. Depreciation and Amortization The Company is required to make subjective assessments as to the useful lives of the components of the Company's real estate investments for purposes of determining the amount of depreciation to record on an annual basis. These assessments have a direct impact on the Company's net income because if the Company were to shorten the expected useful lives of its real estate investments, it would depreciate these investments over fewer years, resulting in more depreciation expense and lower net income on an annual basis. Depreciation is computed using the straight-line method over the estimated useful lives of up to 40 years for buildings, 15 years for land improvements, five years for fixtures and improvements and the shorter of the useful life or the remaining lease term for tenant improvements and leasehold interests. Capitalized above-market lease values are amortized as a reduction of rental income over the remaining terms of the respective leases. Capitalized below-market lease values are amortized as an increase to rental income over the remaining terms of the respective leases and expected below-market renewal option periods. Capitalized above-market ground lease values are amortized as a reduction of property operating expense over the remaining terms of the respective leases. Capitalized below-market ground lease values are amortized as an increase to property operating expense over the remaining terms of the respective leases and expected below-market renewal option periods. The value of in-place leases, exclusive of the value of above-market and below-market in-place leases, is amortized to expense over the remaining periods of the respective leases. Assumed mortgage premiums or discounts are amortized as an increase or reduction to interest expense over the remaining terms of the respective mortgages. Impairment of Long-Lived Assets When circumstances indicate the carrying value of a property may not be recoverable, we review the property for impairment. This review is based on an estimate of the future undiscounted cash flows, excluding interest charges, expected to result from the property's use and eventual disposition. These estimates consider factors such as expected future operating income, market and other applicable trends and residual value, as well as the effects of leasing demand, competition and other factors. If impairment exists, due to the inability to recover the carrying value of a property, an impairment loss is recorded to the extent that the carrying value exceeds the estimated fair value of the property for properties to be held and used. For properties held for sale, the impairment loss is the adjustment to fair value less estimated cost to dispose of the asset. These assessments have a direct impact on net income because recording an impairment loss results in an immediate negative adjustment to net income. Commercial Mortgage Loans Commercial mortgage loans held for investment purposes are anticipated to be held until maturity, and accordingly, are carried at cost, net of unamortized acquisition fees and expenses capitalized, discounts or premiums and unfunded commitments. Commercial mortgage loans that are deemed to be impaired will be carried at amortized cost less a specific allowance for loan losses. Interest income is recorded on the accrual basis and related discounts, premiums and capitalized acquisition fees and expenses on investments are amortized over the life of the investment using the effective interest method. Amortization is reflected as an adjustment to interest income from debt investments in the Company's consolidated statements of operations and comprehensive (loss) income. Guaranteed loan exit fees payable by the borrower upon maturity are accreted over the life of the investment using the effective interest method. The accretion of guaranteed loan exit fees is recognized in interest income from debt investments in the Company's consolidated statements of operations and comprehensive (loss) income. Acquisition fees and expenses incurred in connection with the origination and acquisition of commercial mortgage loan investments are evaluated based on the nature of the expense to determine if they should be expensed in the period incurred or capitalized and amortized over the life of the investment. Commercial mortgage loans held for sale are carried at the lower of cost or fair value. The Company evaluates fair value on an individual loan basis. The amount by which cost exceeds fair value is accounted for as a valuation allowance, and changes in the valuation allowance are included in net income. Purchase discounts are no longer amortized during the period the loans are held for sale. Cash and Cash Equivalents Cash and cash equivalents include cash in bank accounts as well as investments in highly-liquid money market funds with original maturities of three months or less and funds in overnight sweeps, in which excess funds over an established threshold are swept daily. The Company deposits cash with high quality financial institutions. These deposits are guaranteed by the Federal Deposit Insurance Company (the "FDIC") up to an insurance limit. As of December 31, 2016 , the Company had deposits of $131.2 million of which $130.7 million were in excess of the amount insured by the FDIC. As of December 31, 2015 , the Company had deposits of $130.5 million of which $129.7 million were in excess of the amount insured by the FDIC. Although the Company bears risk to amounts in excess of those insured by the FDIC, it does not anticipate any losses as a result thereof. Deferred Costs, Net Deferred costs, net consists of deferred financing costs, deferred commitment fees and deferred leasing costs, net of accumulated amortization. Deferred financing costs represent legal fees and other costs associated with obtaining financing. These costs are amortized over the terms of the respective financing agreements using the effective interest method and included in interest expense on the accompanying consolidated statements of operations and comprehensive (loss) income. Unamortized deferred financing costs are generally expensed when the associated debt is refinanced or repaid before maturity. Costs incurred in seeking financial transactions that do not close are expensed in the period in which it is determined that the financing will not close. Deferred commitment fees represent fees associated with obtaining commitments for financing. These costs are amortized over the term of the commitment period. Deferred leasing costs, consisting primarily of lease commissions and payments made to execute new leases, are deferred and amortized over the term of the lease. Revenue Recognition The Company's revenues, which are derived primarily from rental income, include rents that each tenant pays in accordance with the terms of each lease reported on a straight-line basis over the initial term of the lease. Because many of the Company's leases provide for rental increases at specified intervals, straight-line basis accounting requires the Company to record a receivable, and include in revenues, unbilled rents receivable that the Company will only receive if the tenant makes all rent payments required through the expiration of the initial term of the lease. When the Company acquires a property, acquisition date is considered to be the commencement date for purposes of this calculation. For new leases after acquisition, the commencement date is considered to be the date the tenant takes control of the space. For lease modifications, the commencement date is considered to be the date the lease is executed. The Company defers the revenue related to lease payments received from tenants in advance of their due dates. The Company owns certain properties with leases that include provisions for the tenant to pay contingent rental income based on a percent of the tenant's sales upon the achievement of certain sales thresholds or other targets which may be monthly, quarterly or annual targets. As the lessor to the aforementioned leases, the Company defers the recognition of contingent rental income, until the specified target that triggered the contingent rental income is achieved, or until such sales upon which percentage rent is based are known. Contingent rental income is included in rental income on the accompanying consolidated statements of operations and comprehensive (loss) income. The Company continually reviews receivables related to rent and unbilled rents receivable and determines collectability by taking into consideration the tenant's payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. In the event that the collectability of a receivable is in doubt, the Company records an increase in the Company's allowance for uncollectible accounts or records a direct write-off of the receivable in the Company's consolidated statements of operations and comprehensive (loss) income. Cost recoveries from tenants are included in operating expense reimbursements on the accompanying consolidated statements of operations and comprehensive (loss) income in the period the related costs are incurred, as applicable. Offering and Related Costs Offering and related costs included all expenses incurred in connection with the Company's IPO. Some offering costs (other than selling commissions and the dealer manager fee) of the Company were paid by the Advisor, the Former Dealer Manager or their affiliates on behalf of the Company. These costs included but were not limited to (i) legal, accounting, printing, mailing, and filing fees; (ii) escrow related fees; (iii) reimbursement of the Former Dealer Manager for amounts it paid to reimburse the itemized and detailed due diligence expenses of broker-dealers; and (iv) reimbursement to the Advisor for the costs of its employees and other costs in connection with preparing supplemental sales materials and related offering activities. The Company is obligated to reimburse the Advisor or its affiliates, as applicable, for organization and offering costs paid by them on behalf of the Company, provided that the Advisor is obligated to reimburse the Company to the extent organization and offering costs (excluding selling commissions and the dealer manager fee) incurred by the Company in its offering exceed 2.0% of gross offering proceeds. As a result, these costs were only a liability of the Company to the extent selling commissions, the dealer manager fees and other organization and offering costs did not exceed 12.0% of the gross proceeds determined at the end of the IPO. As of the end of the IPO, offering costs were less than 12.0% of the gross proceeds received in the IPO (See Note 12 — Related Party Transactions and Arrangements ). Share-Based Compensation The Company has a stock-based award plan, which is accounted for under the guidance for share based payments. The expense for such awards is included in general and administrative expenses and is recognized in accordance with the service period required or when the requirements for exercise of the award have been met (See Note 14 — Share-Based Compensation ). Income Taxes The Company elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the "Code"), commencing with the taxable year ended December 31, 2013. The Company believes that, commencing with such taxable year, it has been organized and has operated in a manner so that it qualifies for taxation as a REIT under the Code. The Company intends to continue to operate in such a manner, but no assurance can be given that the Company will operate in a manner so as to remain qualified as a REIT. In order to continue to qualify for taxation as a REIT, the Company must distribute annually at least 90% of its REIT taxable income (which does not equal net income as calculated in accordance with GAAP), determined without regard for the deduction for dividends paid and excluding net capital gains, and must comply with a number of other organizational and operational requirements. If the Company continues to qualify for taxation as a REIT, it generally will not be subject to federal corporate income tax on that portion of its REIT taxable income that it distributes to its stockholders. Even if the Company qualifies for taxation as a REIT, it may be subject to certain state and local taxes on its income and properties, as well as federal income and excise taxes on its undistributed income. The amount of distributions payable to the Company's stockholders is determined by the board of directors and is dependent on a number of factors, including funds available for distribution, financial condition, capital expenditure requirements, as applicable, and annual distribution requirements needed to qualify and maintain the Company's status as a REIT under the Code. The following table details from a tax perspective, the portion of distributions classified as return of capital, ordinary dividend income and capital gain, per share per annum, for the years ended December 31, 2016 , 2015 and 2014 : Year Ended December 31, 2016 2015 2014 Return of capital 76.0 % $ 1.25 89.9 % $ 1.48 55.5 % $ 0.91 Ordinary dividend income 24.0 % 0.40 10.1 % 0.17 44.2 % 0.73 Capital gain — % — — % — 0.3 % 0.01 Total 100.0 % $ 1.65 100.0 % $ 1.65 100.0 % $ 1.65 Per Share Data Basic net income (loss) per share of common stock is calculated by dividing net income (loss) by the weighted-average number of shares of common stock issued and outstanding during such period. Diluted net income (loss) per share of common stock considers the effect of potentially dilutive instruments outstanding during such period. Recently Adopted Accounting Pronouncements In February 2015, the Financial Accounting Standards Board ("FASB") amended the accounting for consolidation of certain legal entities. The amendments modify the evaluation of whether certain legal entities are VIEs or voting interest entities, eliminate the presumption that a general partner should consolidate a limited partnership and affect the consolidation analysis of reporting entities that are involved with VIEs (particularly those that have fee arrangements and related party relationships). The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption was permitted, including adoption in an interim period. The Company elected to adopt this guidance effective January 1, 2016. The Company has evaluated the impact of the adoption of the new guidance on its consolidated financial statements and has determined the OP is considered a VIE. However, the Company meets the disclosure exemption criteria as the Company is the primary beneficiary of the VIE and the Company's partnership interest is considered a majority voting interest in a business and the assets of the OP can be used for purposes other than settling its obligations, such as paying distributions. As such, the new guidance did not have a material impact on the Company's consolidated financial statements. In April 2015, the FASB amended the presentation of debt issuance costs on the balance sheet. The amendments require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. In August 2015, the FASB added that, for line of credit arrangements, the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line, regardless of whether or not there are any outstanding borrowings. The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption was permitted for financial statements that have not previously been issued. The Company elected to adopt this guidance effective January 1, 2016. As a result, the Company reclassified $15.5 million and $20.1 million of deferred issuance costs related to the Company's mortgage notes payable from deferred costs, net to mortgage notes payable in the Company's consolidated balance sheets as of December 31, 2016 and December 31, 2015 , respectively. In March 2016, the FASB issued an update that changes the accounting for certain aspects of share-based compensation. Among other things, the revised guidance allows companies to make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest or account for forfeitures when they occur. The revised guidance is effective for reporting periods beginning after December 15, 2016. Early adoption is permitted. The Company has adopted the provisions of this guidance beginning January 1, 2016, electing to account for forfeitures when they occur, and determined that there is no impact to the Company’s consolidated financial position, results of operations and cash flows. Recently Issued Accounting Pronouncements In May 2014, the FASB issued revised guidance relating to revenue recognition. Under the revised guidance, an entity is required to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The revised guidance was to become effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption was not permitted under GAAP. In July 2015, the FASB deferred the effective date of the revised guidance by one year to annual reporting periods beginning after December 15, 2017, although entities will be allowed to early adopt the guidance as of the original effective date. The Company is evaluating the impact of the implementation of this guidance, including performing a preliminary review of all revenue streams to identify any differences in the timing, measurement or presentation of revenue recognition. The Company is continuing to evaluate the allowable methods of adoption. In January 2016, the FASB issued an update that amends the recognition and measurement of financial instruments. The new guidance revises an entity's accounting related to equity investments and the presentation of certain fair value changes for financial liabilities measured at fair value. Among other things, it also amends the presentation and disclosure requirements associated with the fair value of financial instruments. The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is not permitted for most of the amendments in the update. The Company is currently evaluating the impact of the new guidance. In February 2016, the FASB issued an update which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both l essees and lessors. The new guidance requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase of the leased asset by the lessee. This classification will determine whether the lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. The revised guidance supersedes previous leasing standards and is effective for reporting periods beginning after December 15, 2018. Early adoption is permitted. The Company has begun developing an inventory of all leases as well as identifying any non-lease components in our lease arrangements. The Company is continuing to evaluate the impact of this new guidance. In March 2016, the FASB issued guidance which requires an entity to determine whether the nature of its promise to provide goods or services to a customer is performed in a principal or agent capacity and to recognize revenue in a gross or net manner based on its principal/agent designation. This guidance is effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is permitted. The Company is currently evaluating the impact of this new guidance. In June 2016, the FASB issued guidance that changes how entities measure credit losses for financial assets carried at amortized cost. The update eliminates the requirement that a credit loss must be probable before it can be recognized and instead requires an entity to recognize the current estimate of all expected credit losses. Additionally, the update requires credit losses on available-for-sale debt securities to be carried as an allowance rather than as a direct write-down of the asset. The amendments become effective for reporting periods beginning after December 15, 2019. The amendments may be adopted early for reporting periods beginning after December 15, 2018. The company is currently evaluating the impact of this new guidance. In August 2016, the FASB issued guidance on how certain transactions should be classified and presented in the statement of cash flows as either operating, investing or financing activities. Among other things, the update provides specific guidance on where to classify debt prepayment and extinguishment costs, payments for contingent consideration made after a business combination and distributions received from equity method investments. The revised guidance is effective for reporting periods beginning after December 15, 2017. Early adoption is permitted. The Company is currently evaluating the impact of this new guidance. In October 2016, the FASB issued guidance relating to interest held through related parties that are under common control, where a reporting entity will need to evaluate if it should consolidate a VIE. The amendments change the evaluation of whether a reporting entity is the primary beneficiary of a VIE by changing how a single decision maker of a VIE treats indirect interests in the entity held through related parties that are under common control with the reporting entity. The revised guidance is effective for reporting periods beginning after December 15, 2016. Early adoption is permitted. The Company is currently evaluating the impact of this new guidance. In November 2016, the FASB issued guidance on the classification of restricted cash in the statement of cash flows. The amendment requires restricted cash to be included in the beginning-of-period and end-of-period total cash amounts. Therefore, transfers between cash and restricted cash will no longer be shown on the statement of cash flows. The guidance is effective for reporting periods beginning after December 15, 2017. Early adoption is permitted. The Company is currently evaluating the impact of this new guidance. In January 2017, the FASB issued guidance that revises the definition of a business. This new guidance is applicable when evaluating whether an acquisition should be treated as either a business acquisition or an asset acquisition. Under the revised guidance, when substantially all of the fair value of gross assets acquired is concentrated in a single asset or group of similar assets, the assets acquired would not be considered a business. The revised guidance is effective for reporting periods beginning after December 15, 2017, and the amendments will be applied prospectively. Early application is permitted only for transactions that have not previously been reported in issued financial statements. The Company has assessed this revised guidance and expects, based on historical property acquisitions, for future properties acquired to qualify as an asset acquisition rather than a business acquisition, which would result in the capitalization of related transaction costs. The Company has not adopted this guidance as of December 31, 2016 .

Real Estate Investments

Real Estate Investments	12 Months Ended
	Dec. 31, 2016
Real Estate Investments, Net [Abstract]
Real Estate Investments	Note 4 — Real Estate Investments The Company owned 455 properties, which were acquired for investment purposes, as of December 31, 2016 . The following table presents the allocation of assets acquired and liabilities assumed during the years ended December 31, 2016 and 2014 . No properties were acquired during the year ended December 31, 2015 . (Dollar amounts in thousands) Year Ended December 31, 2016 Year Ended December 31, 2014 Real estate investments, at cost: Land $ 1,729 $ 210,379 Buildings, fixtures and improvements 29,664 672,121 Total tangible assets 31,393 882,500 Acquired intangibles: In-place leases (1) 3,162 175,152 Above-market lease assets (1) 548 13,403 Above-market ground lease liability (1) (85 ) — Below-market lease liabilities (1) (774 ) (19,692 ) Total intangible assets, net 2,851 168,863 Mortgage notes payable assumed — (462,238 ) Premiums on mortgage notes payable assumed — (27,862 ) Deposits paid in prior periods — (33,035 ) Cash paid for acquired real estate investments $ 34,244 $ 528,228 Number of properties purchased 4 224 _____________________________________ (1) Weighted-average remaining amortization periods for in-place leases, above-market lease assets, above-market ground lease liability and below-market lease liabilities acquired during the year ended December 31, 2016 were 9.5 years , 9.6 years , 48.6 years and 9.5 years , respectively, as of each property's respective acquisition date. Total acquired intangible lease assets and liabilities consist of the following as of the dates presented: December 31, 2016 December 31, 2015 (In thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Intangible assets: In-place leases $ 286,548 $ 95,547 $ 191,001 $ 305,245 $ 68,278 $ 236,967 Above-market leases 13,581 8,106 5,475 13,783 5,555 8,228 Total acquired intangible lease assets $ 300,129 $ 103,653 $ 196,476 $ 319,028 $ 73,833 $ 245,195 Intangible liabilities: Above-market ground lease liability $ 85 $ 1 $ 84 $ — $ — $ — Below-market lease liabilities 18,443 4,612 13,831 20,623 2,490 18,133 Total acquired intangible lease liabilities $ 18,528 $ 4,613 $ 13,915 $ 20,623 $ 2,490 $ 18,133 The following table presents amortization expense and adjustments to revenue and property operating expense for intangible assets and liabilities for the years ended December 31, 2016 , 2015 and 2014 : Year Ended December 31, (In thousands) 2016 2015 2014 In-place leases $ 34,247 $ 34,600 $ 30,808 Total added to depreciation and amortization $ 34,247 $ 34,600 $ 30,808 Above-market leases $ (2,943 ) $ (3,006 ) $ (2,549 ) Below-market lease liabilities 2,465 1,340 1,128 Total deducted from rental income $ (478 ) $ (1,666 ) $ (1,421 ) Above-market ground lease liability $ (1 ) $ — $ — Total deducted from property operating expense $ (1 ) $ — $ — The following table provides the projected amortization expense and adjustments to revenue and property operating expense for intangible assets and liabilities for the next five years: (In thousands) 2017 2018 2019 2020 2021 In-place leases $ 31,788 $ 22,598 $ 22,581 $ 20,964 $ 19,718 Total to be added to depreciation and amortization $ 31,788 $ 22,598 $ 22,581 $ 20,964 $ 19,718 Above-market leases $ (2,815 ) $ (526 ) $ (526 ) $ (526 ) $ (526 ) Below-market lease liabilities 2,332 963 963 963 963 Total to be added to rental income $ (483 ) $ 437 $ 437 $ 437 $ 437 Above-market ground lease liability $ (2 ) $ (2 ) $ (2 ) $ (2 ) $ (2 ) Total to be deducted from property operating expense $ (2 ) $ (2 ) $ (2 ) $ (2 ) $ (2 ) The following table presents unaudited pro forma information as if the acquisitions during the year ended December 31, 2016 had been consummated on January 1, 2015 : Year Ended December 31, (In thousands, except per share data) 2016 (1) 2015 Pro forma revenues $ 178,057 $ 177,352 Pro forma net loss $ (54,129 ) $ (19,902 ) Basic and diluted pro forma net loss per share $ (0.83 ) $ (0.30 ) _____________________ (1) For the year ended December 31, 2016 , aggregate revenues and net income derived from the Company's 2016 acquisitions (for the Company's period of ownership) were $2.5 million and $1.1 million , respectively. 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 2017 $ 159,895 2018 153,841 2019 155,931 2020 150,760 2021 149,425 Thereafter 763,420 $ 1,533,272 The following table lists the tenants (including, for this purpose, all affiliates of such tenants) from which the Company derives annualized rental income on a straight-line basis constituting 10.0% or more of the Company's consolidated annualized rental income on a straight-line basis for all portfolio properties as of the dates indicated: December 31, Tenant 2016 2015 SunTrust Bank 17.7% 17.9% Sanofi US 11.4% 11.6% C&S Wholesale Grocer 10.2% 10.4% 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 10.0% or greater of consolidated annualized rental income on a straight-line basis as of December 31, 2016 and 2015 . The following table lists the states where the Company has concentrations of properties where annualized rental income on a straight-line basis each represented 10.0% or greater of consolidated annualized rental income on a straight-line basis as of December 31, 2016 and 2015 : December 31, State 2016 2015 New Jersey 20.0% 20.3% Georgia 11.0% 11.2% The Company did not own properties in any other state that in total represented 10.0% or greater of consolidated annualized rental income on a straight-line basis as of December 31, 2016 and 2015 . Real Estate Held For Sale The Company entered into a purchase and sale agreement dated as of October 11, 2016, as amended on November 10, 2016, November 18, 2016, November 23, 2016 and December 1, 2016, for the sale of the Merrill Lynch Properties for a purchase price of $148.0 million , exclusive of closing costs. The buyer's obligation to close on its acquisition of the Merrill Lynch Properties was subject to the satisfactory completion of the buyer's due diligence review, which the buyer completed on December 1, 2016, as well as a financing contingency, which expired on December 13, 2016. The Company also entered into purchase and sale agreements during 2016 for the sale of two single-tenant net lease properties operated by SunTrust Bank, a wholly owned subsidiary of SunTrust Banks, Inc. ("SunTrust") in Sylva, North Carolina and Landover, Maryland for an aggregate contract price of $1.0 million , exclusive of closing costs. These properties were subsequently sold during the first quarter of 2017. Concurrently with entering into these agreements and satisfactory completion of the conditions noted above, the Company stopped recognizing depreciation and amortization expense and reclassified the long-lived assets associated with these properties as held for sale on the consolidated balance sheet as of December 31, 2016 . The disposal of the properties referenced above does not represent a strategic shift. Accordingly, the operating results of these properties remain classified within continuing operations for all periods presented. The Company recognized impairment charges of $1.4 million related to the two SunTrust properties, as the carrying amount of the long-lived assets associated with them was greater than the Company's estimate of their fair value less estimated costs to sell, which is reflected in impairment charges on the consolidated statement of operations and comprehensive loss for the year ended December 31, 2016 . No impairment was recognized related to the Merrill Lynch Properties, as the carrying amount of the long-lived assets associated with them was less than the Company's estimate of their fair value less estimated costs to sell. The following table details the major classes of assets associated with the properties that have been reclassified as held for sale as of December 31, 2016 . There were no properties held for sale as of December 31, 2015 : (Dollar amounts in thousands) Year Ended December 31, 2016 Real estate investments held for sale, at cost: Land $ 7,225 Buildings, fixtures and improvements 142,798 Acquired intangible lease assets 18,145 Total real estate assets held for sale, at cost 168,168 Less accumulated depreciation and amortization (29,213 ) Total real estate investments held for sale, net 138,955 Impairment charges related to properties reclassified as held for sale (1,353 ) Assets held for sale $ 137,602 Real Estate Sales During the year ended December 31, 2016 , the Company sold 12 single-tenant net lease properties operated by SunTrust for an aggregate contract price of $30.2 million , exclusive of closing costs. The sale of these properties resulted in impairment charges of $1.3 million , which is reflected in impairment charges on the consolidated statement of operations and comprehensive loss for the year ended December 31, 2016 , and a gain of $0.5 million , which is reflected in gain on sale of real estate investments on the consolidated statement of operations and comprehensive loss for the year ended December 31, 2016 . The Company did not sell any properties during the years ended December 31, 2015 and 2014 . The disposal of the properties referenced above did not represent a strategic shift. Accordingly, the operating results of the properties sold remain classified within continuing operations for all periods presented until the date of disposal. Impairment of Held for Use Real Estate Investments As of December 31, 2016 , the Company owned 57 held for use single-tenant net lease properties operated by SunTrust which had lease terms set to expire between December 31, 2017 and March 31, 2018. As a result, the Company reconsidered its intended holding period for these properties and evaluated the impact on its ability to recover the carrying value of such properties based on the expected cash flows over its intended holding period. The Company primarily used a market approach to estimate the future cash flows expected to be generated. This approach involved evaluating comparable sales of properties in the same geographic region as the SunTrust properties in order to generate an estimated sale price. The Company made certain assumptions in this approach including, among others, that the properties in the comparable sales used in the analysis share similar characteristics to the SunTrust properties, and that market and economic conditions at the time of any potential sales of these SunTrust properties, such as discount rates, demand for space, competition for tenants, changes in market rental rates, and costs to operate the property, would be similar to those in the comparable sales analyzed. As these factors are difficult to predict and are subject to future events that may alter management’s assumptions, the future cash flows estimated by management in its impairment analysis may not be achieved, and actual losses or impairment may be realized in the future. For some of the held for use SunTrust properties noted above, the Company has an executed letter of intent ("LOI") or purchase and sale agreement ("PSA") to sell the property. In those instances, the Company used the sale price from the LOI or PSA to estimate the future cash flows expected to be generated. The Company made certain assumptions in this approach as well, mainly that the sale of these properties would close at the terms specified in the LOI or PSA. There can be no guarantee that the sales of these properties will close under these terms or at all. As a result of its consideration of impairment, the Company determined that the carrying value of 43 of the held for use SunTrust properties noted above exceeded their estimated fair values and recognized an aggregate impairment charge of $24.7 million , which is included on the consolidated statement of operations and comprehensive loss for the year ended December 31, 2016 . The estimated fair value of the remaining 14 properties evaluated was greater than their carrying value. No impairment was recognized during the years ended December 31, 2015 and 2014 .

Commercial Mortgage Loans

Commercial Mortgage Loans	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Commercial Mortgage Loans	Note 5 — Commercial Mortgage Loans The following table is a summary of the Company's commercial loan portfolio: December 31, 2016 December 31, 2015 Loan Type Property Type Par Value Percentage Par Value Percentage (In thousands) (In thousands) Senior Student Housing — Multifamily $ 17,200 100 % $ 17,200 21.6 % Senior Retail — — % 18,150 (1) 22.7 % Senior Hospitality — — % 44,500 (1) 55.7 % $ 17,200 100.0 % $ 79,850 100.0 % _____________________________________ (1) These loans were classified as held for sale as of December 31, 2015 and were sold during the year ended December 31, 2016 for $56.9 million . The Company recognized a loss of $5.5 million on its commercial mortgage loans held for sale during the year ended December 31, 2015 . Credit Characteristics As part of the Company's process for monitoring the credit quality of its loans, it performs a quarterly loan portfolio assessment and assigns risk ratings to each of its performing loans. The loans are scored on a scale of 1 to 5 as follows: Investment Rating Summary Description 1 Investment exceeding fundamental performance expectations and/or capital gain expected. Trends and risk factors since time of investment are favorable. 2 Performing consistent with expectations and a full return of principal and interest expected. Trends and risk factors are neutral to favorable. 3 Performing investments requiring closer monitoring. Trends and risk factors show some deterioration. 4 Underperforming investment with some loss of interest expected but still expecting a positive return on investment. Trends and risk factors are negative. 5 Underperforming investment with expected loss of interest and some principal. All commercial mortgage loans are assigned an initial risk rating of 2. As of December 31, 2016 , the risk rating of the Company's commercial loan held for investment was 3. As of December 31, 2016 , the Company did not have any loans that were past due on their payments, in non-accrual status or impaired. No allowance for loan losses has been recorded as of December 31, 2016 . For the year ended December 31, 2016 , the activity in the Company's commercial mortgage loans, held for investment, was as follows: (In thousands) Year Ended December 31, 2016 December 31, 2015 Beginning balance $ 17,135 $ — Originations — 79,410 Reclassifications to assets held for sale — (56,884 ) Loss on assets held for sale — (5,476 ) Discount accretion and premium amortization (1) 40 85 Ending balance $ 17,175 $ 17,135 _____________________________________ (1) Includes amortization of capitalized origination fees and expenses.

Commercial Mortgage-Backed Secu

Commercial Mortgage-Backed Securities	12 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Commercial Mortgage-Backed Securities	Note 6 — Commercial Mortgage-Backed Securities The following table details the realized loss on commercial mortgage-backed securities ("CMBS") sold during the year ended December 31, 2015 . No CMBS were acquired or sold during the years ended December 31, 2016 or 2014 : (In thousands) Amortized Cost Sale Price Realized Loss Year Ended December 31, 2015 $ 30,209 $ 28,624 $ 1,585 The Company did not have any investments in CMBS as of December 31, 2016 or 2015 . Note 7 — Other Real Estate Securities The following table details the realized gains on sale of the Company's other real estate securities, which consisted of redeemable preferred stock, during the years ended December 31, 2015 and 2014 . There were no other real estate securities sold during the year ended December 31, 2016 : (In thousands) Aggregate Cost Basis Sale Price Realized Gain, Net Year Ended December 31, 2015 $ 18,528 $ 19,266 $ 738 Year Ended December 31, 2014 $ 47,020 $ 47,317 $ 297 As of December 31, 2016 and 2015 , the Company had no investments in other real estate securities.

Other Real Estate Securities

Other Real Estate Securities	12 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Other Real Estate Securities	Note 6 — Commercial Mortgage-Backed Securities The following table details the realized loss on commercial mortgage-backed securities ("CMBS") sold during the year ended December 31, 2015 . No CMBS were acquired or sold during the years ended December 31, 2016 or 2014 : (In thousands) Amortized Cost Sale Price Realized Loss Year Ended December 31, 2015 $ 30,209 $ 28,624 $ 1,585 The Company did not have any investments in CMBS as of December 31, 2016 or 2015 . Note 7 — Other Real Estate Securities The following table details the realized gains on sale of the Company's other real estate securities, which consisted of redeemable preferred stock, during the years ended December 31, 2015 and 2014 . There were no other real estate securities sold during the year ended December 31, 2016 : (In thousands) Aggregate Cost Basis Sale Price Realized Gain, Net Year Ended December 31, 2015 $ 18,528 $ 19,266 $ 738 Year Ended December 31, 2014 $ 47,020 $ 47,317 $ 297 As of December 31, 2016 and 2015 , the Company had no investments in other real estate securities.

Mortgage Notes Payable

Mortgage Notes Payable	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Mortgage Notes Payable	Note 8 — Mortgage Notes Payable The Company's mortgage notes payable as of December 31, 2016 and 2015 consisted of the following: Outstanding Loan Amount as of Effective Interest Rate as of December 31, December 31, Portfolio Encumbered Properties 2016 2015 2016 2015 Interest Rate Maturity Anticipated Repayment (In thousands) (In thousands) SAAB Sensis I 1 $ 7,841 $ 8,190 5.93 % 6.01 % Fixed Apr. 2025 Apr. 2025 SunTrust Bank II 30 25,000 25,000 5.50 % 5.50 % Fixed Jul. 2031 Jul. 2021 C&S Wholesale Grocer I 4 82,313 82,313 5.48 % 5.56 % Fixed Apr. 2037 Apr. 2017 SunTrust Bank III 112 88,567 99,677 5.50 % 5.50 % Fixed Jul. 2031 Jul. 2021 SunTrust Bank IV 27 21,243 25,000 5.50 % 5.50 % Fixed Jul. 2031 Jul. 2021 Sanofi US I 1 125,000 125,000 5.16 % 5.16 % Fixed Jul. 2026 Jan. 2021 Stop & Shop I 4 38,271 38,936 5.63 % 5.63 % Fixed Jun. 2041 Jun. 2021 Multi-Tenant Mortgage Loan 268 649,532 649,532 4.36 % 4.36 % Fixed Sep. 2020 Sep. 2020 Gross mortgage notes payable 447 1,037,767 1,053,648 4.75 % (1) 4.77 % (1) Deferred financing costs, net of accumulated amortization (15,492 ) (20,066 ) Mortgage notes payable, net of deferred financing costs $ 1,022,275 $ 1,033,582 _____________________________________ (1) Calculated on a weighted-average basis for all mortgages outstanding as of the dates indicated. As of December 31, 2016 and 2015 , the Company had pledged $1.9 billion in real estate investments as collateral for its mortgage notes payable. This real estate is not available to satisfy other debts and obligations unless first satisfying the mortgage notes payable on the properties. During August 2015 , certain subsidiaries of the Company entered into a $655.0 million mortgage loan agreement ("Multi-Tenant Mortgage Loan") with Barclays Bank PLC, Column Financial Inc. and UBS Real Estate Securities Inc. (together, the "Lenders"). The Multi-Tenant Mortgage Loan has a stated maturity of September 6, 2020 and a stated annual interest rate of 4.30% . As of December 31, 2016 , the Multi-Tenant Mortgage Loan was secured by mortgage interests in 268 of the Company's properties. As of December 31, 2016 , the outstanding balance under the Multi-Tenant Mortgage Loan was $649.5 million . At the closing of the Multi-Tenant Mortgage Loan, the Lenders placed $42.5 million of the proceeds from the Multi-Tenant Mortgage Loan in escrow, to be released to the Company upon certain conditions, including the receipt of ground lease estoppels, performance of certain repairs and receipt of environmental insurance. As of December 31, 2016 , the Lenders had released $34.6 million of the amount originally placed in escrow to the Company. As of December 31, 2016 , $7.9 million of the proceeds from the Multi-Tenant Mortgage Loan remained in escrow and is included in restricted cash on the consolidated balance sheet as of December 31, 2016 . The following table summarizes the scheduled aggregate principal payments on mortgage notes payable based on stated maturity dates for the five years subsequent to December 31, 2016 and thereafter: (In thousands) Future Principal Payments 2017 $ 1,080 2018 1,143 2019 1,211 2020 650,808 2021 910 Thereafter 382,615 $ 1,037,767 The Company's mortgage notes payable agreements require the compliance of certain property-level financial covenants including debt service coverage ratios. As of December 31, 2016 , the Company was in compliance with financial covenants under its mortgage notes payable agreements.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 9 — Fair Value Measurements GAAP establishes a hierarchy of valuation techniques based on the observability of inputs used in measuring financial instruments at fair value. GAAP establishes market-based or observable inputs as the preferred sources of values, followed by valuation models using management assumptions in the absence of market inputs. The three levels of the hierarchy are described below: 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 had impaired real estate investments held for sale, which were carried at fair value on the consolidated balance sheet as of December 31, 2016 . Impaired real estate investments held for sale were valued using the sale price from the PSA less costs to sell, which is an observable input. As a result, the Company's impaired real estate investments held for sale are classified in Level 2 of the fair value hierarchy. There were no impaired real estate investments held for sale as of December 31, 2015 . The Company also had impaired real estate investments held for use, which were carried at fair value on the consolidated balance sheet as of December 31, 2016 . As of December 31, 2016 , the Company owned 57 held for use single-tenant net lease properties operated by SunTrust which had lease terms set to expire between December 31, 2017 and March 31, 2018. As a result, the Company reconsidered its intended holding period for these properties and evaluated the impact on its ability to recover the carrying value of such properties based on the expected cash flows over its intended holding period. As a result of its consideration of impairment, the Company determined that the carrying value of 43 of the held for use SunTrust properties noted above exceeded their estimated fair values and recognized an aggregate impairment charge of $24.7 million , which is included on the consolidated statement of operations and comprehensive loss for the year ended December 31, 2016 . The Company primarily used a market approach to estimate the future cash flows expected to be generated. This approach involved evaluating comparable sales of properties in the same geographic region as the SunTrust properties in order to generate an estimated sale price, which is an unobservable input. As a result, the impaired properties that the Company evaluated using this approach are classified in Level 3 of the fair value hierarchy. For some of the SunTrust properties noted above, the Company has an executed LOI or PSA to sell the property. In those instances, the Company used the sale price from the LOI or PSA to estimate the future cash flows expected to be generated, which is an observable input. As a result, the impaired properties that the Company evaluated using this approach are classified in Level 2 of the fair value hierarchy. The Company had commercial mortgage loans held for sale, which were carried at fair value on the consolidated balance sheet as of December 31, 2015 . Commercial mortgage loans held for sale were valued using the sale price from the term sheet, which is an observable input. As a result, the Company's commercial mortgage loans held for sale were classified in Level 2 of the fair value hierarchy. There were no commercial mortgage loans held for sale as of December 31, 2016 . The following table presents information about the Company's assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2016 and 2015 , aggregated by the level in the fair value hierarchy within which those instruments fall. There were no financial instruments measured at fair value on a recurring basis as of December 31, 2016 or 2015 : (In thousands) Quoted Prices in Active Markets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Total December 31, 2016 Impaired real estate investments held for sale $ — $ 961 $ — $ 961 Impaired real estate investments held for use — 6,525 45,032 51,557 Total $ — $ 7,486 $ 45,032 $ 52,518 December 31, 2015 Commercial mortgage loans held for sale $ — $ 56,884 $ — $ 56,884 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 and liabilities. The Company's policy with respect to transfers between levels of the fair value hierarchy is to recognize transfers into and out of each level as of the end of the reporting period. There were no transfers between Level 1 and Level 2 of the fair value hierarchy during the year ended December 31, 2016 and 2015 . There were no transfers into or out of Level 3 of the fair value hierarchy during the year ended December 31, 2016 and 2015 . The Company is required to disclose the fair value of financial instruments for which it is practicable to estimate that value. The fair value of short-term financial instruments such as cash and cash equivalents, restricted cash, prepaid expenses and other assets, accounts payable and accrued expenses and distributions payable approximates their carrying value on the consolidated balance sheets due to their short-term nature. The fair values of the Company's remaining financial instruments that are not reported at fair value on the consolidated balance sheets as of December 31, 2016 and 2015 are reported in the following table: Carrying Amount at Fair Value at Carrying Amount at Fair Value at (In thousands) Level December 31, 2016 December 31, 2016 December 31, 2015 December 31, 2015 Commercial mortgage loan, held for investment 3 $ 17,175 $ 17,200 $ 17,135 $ 17,200 Gross mortgage notes payable and mortgage premiums, net 3 $ 1,048,448 $ 1,076,065 $ 1,068,540 $ 1,103,352 The fair value of the commercial mortgage loan is estimated using a discounted cash flow analysis, based on the Advisor's experience with similar types of investments. The fair value of gross mortgage notes payable is based on combinations of independent third party estimates and management's estimates of market interest rates.

Common Stock

Common Stock	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Common Stock	Note 10 — Common Stock As of December 31, 2016 and 2015 , the Company had 65.8 million and 65.0 million shares of common stock outstanding, respectively, including unvested restricted shares and shares issued pursuant to the DRIP. In April 2013, the Company's board of directors authorized, and the Company declared, a distribution payable on a monthly basis to stockholders of record on each day at a rate equal to $0.00452054795 per day, which is equivalent to $1.65 per annum, per share of common stock. In March 2016, the Company’s board of directors ratified the existing distribution amount equivalent to $1.65 per annum, and, for calendar year 2016, affirmed a change to the daily distribution amount to $0.00450819672 per day per share of common stock, effective January 1, 2016, to reflect that 2016 is a leap year. Distributions are payable by the fifth 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. On March 17, 2016, the Company's board of directors approved an estimated net asset value per share of the Company's common stock ("Estimated Per-Share NAV) as of December 31, 2015, which was published on March 18, 2016. The Company intends to publish subsequent valuations of Estimated Per-Share NAV periodically at the discretion of the Company's board of directors, provided that such valuations will be made at least once annually. The Estimated Per-Share NAV does not represent: (1) the amount at which the Company's shares would trade on a national securities exchange or a third party would pay for the Company, (2) the amount a stockholder would obtain if he or she tried to sell his or her shares or (3) the amount stockholders would receive if the Company liquidated its assets and distributed the proceeds after paying all of its expenses and liabilities. In addition, the Estimated Per-Share NAV does not reflect events subsequent to December 31, 2015 that would have affected the Company's net asset value. Share Repurchase Program The Company's board of directors has adopted the share repurchase program (as amended and restated, the "SRP"), which permits investors to sell their shares back to the Company after they have held them for at least one year, subject to certain conditions and limitations. The Company may repurchase shares on a semiannual basis, at each six-month period ending June 30 and December 31. Under the SRP, the repurchase price per share for requests other than for death or disability are as follows: • after one year from the purchase date — 92.5% of the then-current Estimated Per-Share NAV ; • after two years from the purchase date — 95.0% of the then-current Estimated Per-Share NAV ; • after three years from the purchase date — 97.5% of the then-current Estimated Per-Share NAV ; and • after four years from the purchase date — 100.0% of the then-current Estimated Per-Share NAV . In the case of requests for death or disability, the repurchase price per share will be equal to Estimated Per-Share NAV at the time of repurchase. Under the SRP, repurchases at each semiannual period are limited to a maximum of 2.5% of the weighted average number of shares of common stock outstanding during the previous fiscal year, with a maximum for any fiscal year of 5.0% of the weighted average number of shares of common stock outstanding during the previous fiscal year. Repurchases pursuant to the SRP for any given semiannual period are funded from proceeds received during that same semiannual period through the issuance of common stock pursuant to the DRIP, as well as any reservation of funds the board of directors may, in its sole discretion, make available for this purpose. If the establishment of an Estimated Per-Share NAV occurs during any semiannual period, any repurchase requests received during such semiannual period are paid at a price based on Estimated Per-Share NAV applicable on the last day of the semiannual period, as described above. On June 28, 2016, in consideration of the strategic review process, the board of directors of the Company determined to amend the SRP to provide for one twelve-month repurchase period for calendar year 2016 instead of two semi-annual periods ending June 30 and December 31. The annual limit on repurchases under the SRP remains unchanged and continues to be limited to a maximum of 5.0% of the weighted average number of shares of common stock of the Company outstanding during its prior fiscal year and is subject to the terms and limitations set forth in the SRP. Following calendar year 2016, the repurchase periods will return to two semi-annual periods and applicable limitations set forth in the SRP. On December 27, 2016, the board of directors of the Company approved an amendment to the SRP to provide that repurchase proceeds for any repurchase requests made during the twelve-month period that commenced on January 1, 2016 will be paid within 31 days of the earlier to occur of (1) the consummation of the Merger, and (2) the termination of the Merger Agreement. The Company's board of directors reserves the right, in its sole discretion, at any time and from time to time, to reject any request for repurchase, change the purchase price for repurchases or otherwise amend the terms of, suspend or terminate the SRP pursuant to any applicable notice requirements under the SRP. Due to these limitations, the Company cannot guarantee that it will be able to accommodate all repurchase requests. When a stockholder requests repurchases and the repurchases are approved, the Company reclassifies such an obligation from equity to a liability based on the settlement value of the obligation. Shares repurchased have the status of authorized but unissued shares. The following table summarizes the repurchases of shares under the SRP cumulatively through December 31, 2016 : Number of Shares Weighted-Average Price per Share Cumulative repurchases as of December 31, 2013 8,082 $ 24.98 Year ended December 31, 2014 295,825 23.99 Year ended December 31, 2015 1,769,738 24.13 Year ended December 31, 2016 7,854 24.17 Cumulative repurchases as of December 31, 2016 2,081,499 $ 24.12 During the year ended December 31, 2016 , 6.8 million shares were requested for repurchase. In March 2017, the Company's board of directors approved the repurchase of 0.8 million of the requested shares at a weighted average repurchase price of $23.84 . The approved repurchase requests will be paid within 31 days of the consummation of the Merger. Distribution Reinvestment Plan Pursuant to the DRIP, the Company's stockholders could elect to reinvest distributions by purchasing shares of common stock. Until November 14, 2014 , the Company offered shares pursuant to the DRIP at $23.75 , which was 95.0% of the initial offering price of shares of common stock in the IPO. Effective November 14, 2014 , the Company began offering shares pursuant to the DRIP at the then-current Estimated Per-Share NAV . The DRIP was suspended following the payment of the Company's June 2015 distribution on July 1, 2015. On April 1, 2016, the Company reinstated the DRIP and registered an additional 7.7 million shares of common stock, offered at the then-current Estimated Per-Share NAV , for use under the DRIP pursuant to a registration statement on Form S-3 (File No. 333-210532). On August 30, 2016, in consideration of the Merger, the Company's board of directors determined to suspend the DRIP effective immediately. Accordingly, the final issuance of shares of common stock pursuant to the DRIP prior to the suspension occurred in connection with the Company's July 2016 distribution, paid in August 2016. Following the effectiveness of the joint proxy statement/prospectus in relation to the Mergers on December 16, 2016, the Company reinstated the DRIP. No dealer manager fees or selling commissions were paid with respect to shares purchased pursuant to the DRIP. Shares issued pursuant to the DRIP are recorded within stockholders' equity in the accompanying consolidated balance sheets in the period distributions are declared. During the year ended December 31, 2016 , approximately 0.8 million shares of common stock were issued pursuant to the DRIP.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 11 — Commitments and Contingencies Future Minimum Ground Lease Payments The Company entered into ground lease agreements related to certain acquisitions under leasehold interest arrangements. The following table reflects the minimum base cash rental payments due from the Company over the next five years and thereafter: (In thousands) Future Minimum Base Rent Payments 2017 $ 921 2018 903 2019 902 2020 674 2021 345 Thereafter 4,630 $ 8,375 Unfunded Commitments Under Commercial Mortgage Loans As of December 31, 2016 , the Company had unfunded commitments which will generally be funded to finance capital expenditures by the borrowers under the Company's commercial mortgage loan. The following table reflects the expiration of these commitments over the next five years and thereafter: (In thousands) Funding Expiration 2017 $ 2,450 (1) 2018 — 2019 — 2020 — 2021 — Thereafter — $ 2,450 _____________________________________ (1) This commitment expired in February 2017 with no funding provided by the Company. Litigation and Regulatory Matters On January 13, 2017, four affiliated stockholders of RCA filed in the United States District Court for the District of Maryland a putative class action lawsuit against the Company, Edward M. Weil, Jr., Leslie D. Michelson, Edward G. Rendell (Weil, Michelson and Rendell, the “Director Defendants”), AR Global, and the Company, alleging violations of Sections 14(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) by RCA and the Director Defendants, violations of Section 20(a) of the Exchange Act by AR Global and the Director Defendants, breaches of fiduciary duty by the Director Defendants, and aiding and abetting breaches of fiduciary duty by AR Global and the Company in connection with the negotiation of and proxy solicitation for a shareholder vote on the proposed merger of the Company and RCA and an amendment to RCA's Articles of Incorporation. Plaintiffs seek on behalf of the putative class rescission of the merger transaction, which was voted on and approved by stockholders on February 13, 2017, and closed on February 17, 2017, together with unspecified rescissory damages, unspecified actual damages, and costs and disbursements of the action. The Court has not selected a lead plaintiff and has adjourned the deadline for Defendants to answer or move against the Complaint until 45 days after a Court-appointed lead plaintiff either adopts the current Complaint or files an Amended Complaint. The Company and the Director Defendants deny wrongdoing and liability and intend to vigorously defend the action. Due to the early stage of the litigation, no estimate of a probable loss or any reasonable possible losses are determinable at this time. No provisions for such losses have been recorded in the accompanying consolidated financial statements for the year ended December 31, 2016 . There are no other material legal or regulatory proceedings pending or known to be contemplated against the Company. Environmental Matters In connection with the ownership and operation of real estate, the Company may potentially be liable for costs and damages related to environmental matters. The Company maintains environmental insurance for its properties that provides coverage for potential environmental liabilities, subject to the policy's coverage conditions and limitations. 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	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions and Arrangements	Note 12 — Related Party Transactions and Arrangements As of December 31, 2016 and 2015 , American Finance Special Limited Partner, LLC (the "Special Limited Partner"), an entity controlled by the Sponsor, owned 8,888 shares of the Company's outstanding common stock and 90 units of limited partner interests in the OP ("OP Units"). 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. Realty Capital Securities, LLC (the " Former Dealer Manager ") served as the dealer manager of the IPO. American National Stock Transfer, LLC ("ANST"), a subsidiary of the parent company of the Former Dealer Manager, provided other general professional services through January 2016. RCS Capital Corporation ("RCAP"), the parent company of the Former Dealer Manager and certain of its affiliates that provided services to the Company, filed for Chapter 11 bankruptcy protection in January 2016, prior to which it was under common control with the Sponsor. In May 2016, RCAP and its affiliated debtors emerged from bankruptcy under the new name, Aretec Group, Inc. On March 8, 2017, the creditor trust established in connection with the RCAP bankruptcy filed suit against the Sponsor, the Advisor, advisors of other entities sponsored by the Sponsor, and the Sponsor’s principals (including Edward M. Weil, Jr.). The suit alleges, among other things, certain breaches of duties to RCAP. The Company is not named in the suit, nor are there any allegations related to the services the Advisor provides to the Company. The Advisor has informed the Company that it believes that the suit is without merit and intends to defend against it vigorously. Fees Paid in Connection With the Operations of the Company On April 29, 2015 , the independent directors of the board of directors unanimously approved certain amendments to the Amended and Restated Advisory Agreement, as amended (the "Original A&R Advisory Agreement"), by and among the Company, the OP and the Advisor (the "Second A&R Advisory Agreement"). The Second A&R Advisory Agreement, which superseded the Original A&R Advisory Agreement, took effect on July 20, 2015 , the date on which the Company filed certain changes to the Company's Articles of Amendment and Restatement, which were approved by the Company's stockholders on June 23, 2015 . The initial term of the Second A&R Advisory Agreement is 20 years beginning on April 29, 2015 , and is automatically renewable for another 20 -year term upon each 20 -year anniversary unless terminated by the board of directors for cause. Prior to January 16, 2016 , the Advisor was paid an acquisition fee equal to 1.0% of the contract purchase price of each acquired property and 1.0% of the amount advanced for a loan or other investment. The Advisor also has been and may continue to be reimbursed for costs it incurs in providing investment-related services, or "insourced expenses." These insourced expenses may not exceed, 0.5% of the contract purchase price of each acquired property and 0.5% of the amount advanced for a loan or other investment. Additionally, the Company has paid and may continue to pay third party acquisition expenses. The aggregate amount of acquisition fees and financing coordination fees (as described below) were not to exceed 1.5% of the contract purchase price and the amount advanced for a loan or other investment for all the assets acquired. The Second A&R Advisory Agreement terminated the acquisition fee and financing coordination fee (both as defined in the Second A&R Advisory Agreement) effective January 16, 2016 . As of January 16, 2016 , aggregate acquisition fees and financing coordination fees did not exceed the 1.5% threshold. Further, the total of all acquisition fees, acquisition expenses and any financing coordination fees payable was not to exceed 4.5% of the Company's total portfolio contract purchase price or 4.5% of the amount advanced for the Company's total portfolio of loans or other investments. As of January 16, 2016 , the total of all cumulative acquisition fees, acquisition expenses and financing coordination fees did not exceed the 4.5% threshold. Additionally, prior to January 16, 2016 , if the Advisor provided services in connection with the origination or refinancing of any debt that the Company obtained and used to acquire properties or to make other permitted investments, or that was assumed, directly or indirectly, in connection with the acquisition of properties, the Company paid the Advisor a financing coordination fee equal to 0.75% of the amount available and/or outstanding under such financing, subject to certain limitations. Prior to April 15, 2015, in connection with asset management services provided by the Advisor, the Company issued to the Advisor an asset management subordinated participation by causing the OP to issue (subject to periodic approval by the board of directors) to the Advisor performance-based restricted, forfeitable partnership units of the OP designated as "Class B Units." The Class B Units were intended to be profit interests and will vest, and no longer be subject to forfeiture, at such time as: (a) the value of the OP's assets plus all distributions made equals or exceeds the total amount of capital contributed by investors plus a 6.0% 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 is a party, as a result of which OP Units or the Company's common stock are exchanged for, or converted into, the right, or the holders of such securities are otherwise 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. Unvested Class B Units will be forfeited immediately if: (x) the advisory agreement is terminated for any reason other than a termination without cause; or (y) the advisory agreement is terminated without cause by an affirmative vote of a majority of the board of directors before the economic hurdle described above has been met. The Class B Units were issued to the Advisor quarterly in arrears pursuant to the terms of the limited partnership agreement of the OP. The number of Class B Units issued in any quarter was 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 was initially equal to $22.50 (the initial offering price in the IPO minus selling commissions and dealer manager fees) and, as of the Initial NAV Pricing Date, to Estimated Per-Share NAV . On April 15, 2015 , the Company's board of directors approved an amendment (the "Amendment") to the Original A&R Advisory Agreement, which, among other things, provided that, effective as of April 15, 2015 until July 20, 2015 : (i) for any period commencing on or after April 1, 2015, the Company paid the Advisor or its assignees as compensation for services rendered in connection with the management of the Company’s assets an Asset Management Fee (as defined in the Original A&R Advisory Agreement) equal to 0.75% per annum of the Cost of Assets (as defined in the Original A&R Advisory Agreement); (ii) such Asset Management Fee was payable monthly in arrears in cash, in shares of common stock, or a combination of both, the form of payment determined in the sole discretion of the Advisor; and (iii) the Company would not cause the OP to issue any Class B Units in respect of periods subsequent to March 31, 2015. As of December 31, 2016 , in aggregate, the Company's board of directors had approved and the Company had issued 1,052,420 Class B Units to the Advisor in connection with the arrangement described above. As of December 31, 2016 , the Company could not determine the probability of achieving the performance condition, as such, no expense was recognized in connection with this arrangement during the years ended December 31, 2016 , 2015 and 2014 . The Advisor receives distributions on unvested Class B Units equal to the distribution amount received on the same number of shares of the Company's common stock. Such distributions on issued Class B Units are included in general and administrative expenses in the consolidated statements of operations and comprehensive loss. As stated above, pursuant to the Amendment, the OP will not issue any further Class B Units. The changes made pursuant to the Amendment were incorporated into the Agreement of Limited Partnership of the OP (the "OP Agreement") through a Third Amendment to the OP Agreement, which was approved by the board of directors and entered into on April 29, 2015 . Effective July 20, 2015 , the Second A&R Advisory Agreement requires the Company to pay the Advisor a base management fee. Effective October 1, 2015, the fixed portion of the base management fee, which is equal to $1.5 million per month, is payable on the first business day of each month, while the variable portion of the base management fee, which is equal to 0.375% of the cumulative net proceeds of any equity raised subsequent to the potential Listing, is payable quarterly in arrears. Base management fees are included in asset management fees to related party on the consolidated statements of operations and comprehensive loss for the years ended December 31, 2016 and 2015 . In addition, the Second A&R Advisory Agreement requires the Company to pay the Advisor a variable management fee equal to (x) 15.0% of the applicable quarter's Core Earnings (as defined below) per share in excess of $0.375 per share plus (y) 10.0% of the applicable quarter's Core Earnings per share in excess of $0.50 per share, in each case as adjusted for changes in the number of shares of common stock outstanding. Core Earnings are defined as, for the applicable period, GAAP net income or loss excluding non-cash equity compensation expense, the variable management fee, acquisition and transaction related fees and expenses, financing related fees and expenses, depreciation and amortization, realized gains and losses on the sale of assets, any unrealized gains, losses or other non-cash items recorded in net loss for the period, regardless of whether such items are included in other comprehensive income or loss, or in net income, one-time events pursuant to changes in GAAP and certain non-cash charges, impairment losses on real estate related investments and other than temporary impairment of securities, amortization of deferred financing costs, amortization of tenant inducements, amortization of straight-line rent, amortization of market lease intangibles, provision for loss loans, and other non-recurring revenue and expenses. The Company did not incur a variable management fee during the years ended December 31, 2016 and 2015 . The Company reimburses the Advisor's costs of providing administrative services, but may not reimburse the Advisor for personnel costs in connection with services for which the Advisor receives acquisition fees, acquisition expenses or real estate commissions. During the years ended December 31, 2016 and 2015 , the Company incurred $2.9 million and $1.2 million , respectively, of reimbursement expenses from the Advisor for providing administrative services. These reimbursements are included in general and administrative expense on the consolidated statements of operations and comprehensive loss. No reimbursement expenses were incurred from the Advisor for providing administrative services during the year ended December 31, 2014 . In order to improve operating cash flows and the ability to pay distributions from operating cash flows, the Advisor may elect to forgive certain fees. Because the Advisor may forgive 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 or property operating costs. No such fees were forgiven or costs were absorbed by the Advisor during the years ended December 31, 2016 , 2015 and 2014 . The following table details amounts incurred and payable to related parties in connection with the operations-related services described above as of and for the periods presented: Year Ended December 31, Payable as of December 31, (In thousands) 2016 2015 2014 2016 2015 One-time fees and reimbursements: Acquisition fees and related cost reimbursements (1) $ — $ 1,330 $ 10,578 $ — $ — Financing coordination fees — 5,850 5,678 — — Ongoing fees: Asset management fees 18,000 13,009 — — — Professional fees and other reimbursements (2) 3,104 4,020 2,364 763 541 Distributions on Class B Units (2) 1,736 1,573 602 147 — Total related party operation fees and reimbursements $ 22,840 $ 25,782 $ 19,222 $ 910 $ 541 _________________________________ (1) Acquisition fees and expenses from related parties of $0.9 million were recognized in acquisition and transaction related expense on the consolidated statement of operations and comprehensive loss for the year ended December 31, 2015 . In addition, over the same period, the Company capitalized $0.4 million of acquisition expenses to the Company's consolidated balance sheet, which are amortized over the life of each investment using the effective interest method. No acquisition expenses were capitalized during the years ended December 31, 2016 and 2014 . (2) These costs are included in general and administrative expense on the consolidated statements of operations and comprehensive loss. During the year ended December 31, 2016 , the Company incurred $1.3 million of cost reimbursements from the Advisor for lease commissions relating to the execution of new SunTrust leases. The lease commissions are included in deferred costs, net on the consolidated balance sheet as of December 31, 2016 , and are amortized over the terms of the respective leases. No such costs were incurred during the years ended December 31, 2015 and 2014 . The predecessor to the Sponsor was party to a services agreement with RCS Advisory Services, LLC, a subsidiary of the parent company of the Former Dealer Manager ("RCS Advisory"), pursuant to which RCS Advisory and its affiliates provided the Company and certain other companies sponsored by AR Global with services (including, without limitation, transaction management, compliance, due diligence, event coordination and marketing services, among others) on a time and expenses incurred basis or at a flat rate based on services performed. The predecessor to AR Global instructed RCS Advisory to stop providing such services in November 2015 and no services have since been provided by RCS Advisory. The Company was also party to a transfer agency agreement with ANST, pursuant to which ANST provided the Company with transfer agency services (including broker and stockholder servicing, transaction processing, year-end IRS reporting and other services), and supervisory services overseeing the transfer agency services performed by DST Systems, Inc., a third-party transfer agent ("DST"). The Sponsor received written notice from ANST on February 10, 2016 that it would wind down operations by the end of the month and would withdraw as the transfer agent effective February 29, 2016. On February 26, 2016, the Company entered into a definitive agreement with DST to provide the Company directly with transfer agency services (including broker and stockholder servicing, transaction processing, year-end IRS reporting and other services). Fees Incurred in Connection with the Liquidation or Listing of the Company's Real Estate Assets In connection with the Listing, the Company, as the general partner of the OP, would cause the OP to issue a note (the "Listing Note") to the Special Limited Partner to evidence the OP's obligation to distribute to the Special Limited Partner an aggregate amount (the "Listing Amount") equal to 15.0% of the difference (to the extent the result is a positive number) between: • the sum of (i) the "market value" (as defined in the Listing Note) of the Company's common stock plus (ii) the sum of all distributions or dividends (from any source) paid by the Company to its stockholders prior to the Listing; and • the sum of (i) the gross proceeds ("Gross Proceeds") of all public and private offerings, including issuance of the Company's common stock pursuant to a merger or business combination (an "Offering") plus (ii) the total amount of cash that, if distributed to those stockholders who purchased shares of common stock in an Offering, would have provided those stockholders a 6.0% cumulative, non-compounded, pre-tax annual return (based on a 365-day year) on the Gross Proceeds. The "market value" used to calculate the Listing Amount will not be determinable until the end of a measurement period, the period of 30 consecutive trading days, commencing on the 180th day following the Listing, unless another liquidity event, such as a merger, occurs prior to the end of the measurement period. If another liquidity event occurs prior to the end of the measurement period, the Listing Note provides for appropriate adjustment to the calculation of the Listing Amount. The Special Limited Partner will have the right to receive distributions of "Net Sales Proceeds," as defined in the Listing Note, until the Listing Note is paid in full; provided that, the Special Limited Partner has the right, but not the obligation, to convert the entire Special Limited Partner interest into OP Units. OP Units are convertible into shares of the Company's common stock in accordance with the terms governing conversion of OP Units into shares of common stock and contained in the Second Amended and Restated Agreement of Limited Partnership of the OP by the Company, as general partner of its OP, with the limited partners party thereto (the "Second A&R OP Agreement"), which will be entered into at Listing. On April 29, 2015 , the board of directors authorized the execution, in conjunction with the potential Listing, the Second A&R OP Agreement to conform more closely with agreements of limited partnership of other operating partnerships controlled by real estate investment trusts whose securities are publicly traded and listed, and to add long term incentive plan units ("LTIP Units") as a new class of units of limited partnership in the OP to the existing common units ("OP Units"). The Company may at any time cause the OP to issue LTIP Units pursuant to an outperformance agreement. On April 29, 2015 , the board of directors approved the general terms of a Multi-Year Outperformance Agreement to be entered into with the Company, the OP and the Advisor in connection with the Listing. The Advisor was paid 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 was also involved; provided, however, that in no event could 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. During the year ended December 31, 2016 , the Company incurred $0.6 million of real estate commissions from the Advisor for its services in connection with the sale of real estate investments. The impact of the real estate commissions is included in gain on sale of real estate investments on the consolidated statements of operations and comprehensive loss for the year ended December 31, 2016 . No such commissions were incurred during the years ended December 31, 2015 and 2014 . The Second A&R Advisory Agreement terminated the brokerage commission to the Advisor. Related Party Agreements Executed in Connection with the Mergers On September 6, 2016, the Company entered into an amendment of the Second A&R Advisory Agreement (the "Third A&R Advisory Agreement"), which became effective upon the Effective Time. Under the Third A&R Advisory Agreement, the fixed portion of the base management fee increases from $18.0 million annually to (i) $21.0 million annually for the first year following the Effective Time; (ii) $22.5 million annually for the second year following the Effective Time; and (iii) $24.0 million annually for the remainder of the term. If the Company acquires (whether by merger, consolidation or otherwise) any REIT, other than RCA, that is advised by an entity that is wholly-owned, directly or indirectly, by AR Global, other than any joint ventures, (a "Specified Transaction") the fixed portion of the base management fee will be increased by an amount equal to the consideration paid for the acquired company's equity multiplied by 0.0031 , 0.0047 and 0.0062 for years one, two and three and thereafter, respectively, following the Specified Transaction. The variable portion of the base management fee changes from a quarterly fee equal to 0.375% of the cumulative net proceeds of any equity raised after the Company lists its common stock on a national securities exchange to a monthly fee equal to one-twelfth of 1.25% of the cumulative net proceeds of any equity raised by the Company or its subsidiaries from and after the Effective Time. The Company will continue to pay a variable management fee of 15% of quarterly core earnings per adjusted share for the previous quarter over $0.375 plus 10% of quarterly core earnings per adjusted share for the previous quarter over $0.50 . Under the Third A&R Advisory Agreement, the Company has the right to internalize the services and terminate the Advisory Agreement, referred to as an “internalization,” after January 1, 2018 as long as (1) more than 67% of the Company’s independent directors approve the internalization; (2) the Company provides written notice to the Advisor; and (3) the Company pays the Advisor a fee equal to (a) $15.0 million plus (b) either (x) if the internalization occurs on or before December 31, 2028, the Subject Fees (defined below) multiplied by 4.5 or (y) if the internalization occurs on or after January 1, 2029, the Subject Fees multiplied by 3.5 plus (c)(x) 1% of the purchase price (excluding the portion of the purchase price funded with equity proceeds raised prior to the end of the fiscal quarter in which the notice of election occurs) of each acquisition or merger that occurs between the end of the fiscal quarter in which notice is given and the internalization and (y) without duplication, 1% of the amount of new equity raised by the Company between the end of the fiscal quarter in which notice is given and the internalization. Subject Fees means (I) (A) all amounts payable pursuant to the Advisory Agreement and the Property Management Agreement for the fiscal quarter in which notice occurs multiplied by (B) four plus (II) without duplication, the annual increase in the base management fee resulting from the amount of new equity raised by the Company within the fiscal quarter in which notice occurs, as described above. The initial term of the Third A&R Advisory Agreement, commencing upon the Effective Time, will extend to April 29, 2035, and is automatically renewable for another 20 -year term upon each 20 -year anniversary. On September 6, 2016, the Company entered into an amendment to the agreement of limited partnership of the OP (the “A&R OP Agreement”), which became effective upon the Effective Time. The A&R OP Agreement makes certain changes to the provisions of the partnership agreement relating to (a) distributions of net sales proceeds and the Termination Note (as defined in the A&R OP Agreement) issuable on termination of the Third A&R Advisory Agreement to address the issuance of shares of the Company’s common stock pursuant to the Merger and in future transactions; (b) internalization of the Advisor’s services after the Effective Time pursuant to the conditions in the Third A&R Advisory Agreement; and (c) certain matters related to changes in the Third A&R Advisory Agreement. On September 6, 2016, RCA Advisor, as RCA’s former property manager and leasing agent, assigned RCA’s existing property management agreement (the "Target Property Management Agreement") and existing leasing agreement (the "Target Leasing Agreement") to the Property Manager, in respect of (1) the properties owned by RCA prior to the Merger, and (2) any existing anchored, stabilized core retail properties, such as power centers and lifestyle centers, acquired by the Company after the Effective Time and during the term of the Target Property Management Agreement and the Target Leasing Agreement, (collectively, the "Target Properties"). The Target Property Management Agreement and the Target Leasing Agreement became effective at the Effective Time. In connection with the Merger Agreement, the Target Property Management Agreement and the Target Leasing Agreement, the Company has entered into an amended and restated property management and leasing agreement (the “Property Management Agreement”) with the Property Manager in respect of (1) the properties owned by the Company prior to the Merger and (2) any double- and triple-net leased single tenant properties acquired by the Company after the Effective Time and during the term of the Property Management Agreement (collectively, the "Company Properties" and together with the Target Properties, the "Properties"). The Property Management Agreement became effective at the Effective Time. The Target Property Management Agreement provides that the Property Manager is entitled to a management fee equal to 4% of the gross rental receipts from the Target Properties, including common area maintenance reimbursements, tax and insurance reimbursements, percentage rental payments, utility reimbursements, late fees, vending machine collections, service charges, rental interruption insurance, and a 15% administrative charge for common area expenses. In addition, the Property Manager is entitled to transition fees of up to $2,500 for each Target Property managed, a construction fee equal to 6% of construction costs incurred, if any, and reimbursement of all expenses specifically related to the operation of a Target Property, including compensation and benefits of property management, accounting, lease administration, executive and supervisory personnel of the Property Manager, and excluding expenses of the Property Manager’s corporate and general management office and excluding compensation and other expenses applicable to time spent on matters other than the Target Properties. The Target Property Management Agreement, the Target Leasing Agreement and the Property Management Agreement each have an initial term ending October 1, 2018, with automatic renewal for successive one-year terms unless terminated 60 days prior to the end of a term or terminated for cause due to material breach of the agreement, fraud, criminal conduct or willful misconduct, insolvency or bankruptcy of the Property Manager. In connection with, and subject to the terms and conditions of the Merger Agreement, special limited partner interests in the RCA OP held by AR Global and its affiliates were, consistent with the terms of the RCA OP partnership agreement, redeemed for a cash payment of approximately $2.8 million .

Economic Dependency

Economic Dependency	12 Months Ended
	Dec. 31, 2016
Economic Dependency [Abstract]
Economic Dependency	Note 13 — Economic Dependency Under various agreements, the Company has engaged or will engage the Advisor, its affiliates and entities under common control 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, as well as other administrative responsibilities for the Company including accounting and legal services, human resources and information technology. 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.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Note 14 — Share-Based Compensation Restricted Share Plan The Company had an employee and director incentive restricted share plan (the "Original RSP"), which provided 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 vests over a five -year period following the date of grant in increments of 20.0% per annum. The Original RSP provided 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 other entities that provide services to the Company. The total number of shares of common stock granted under the Original RSP could not exceed 5.0% of the Company's shares of common stock on a fully diluted basis at any time, and in any event could 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. For restricted share awards granted prior to 2015, 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 share awards granted during or after 2015 provide for accelerated vesting of the portion of the unvested shares scheduled to vest in the year of the recipient's voluntary termination or the failure to be re-elected to the board. The Company accounts for forfeitures when they occur. 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 are subject to the same restrictions as the underlying restricted shares. In April 2015 , the board of directors adopted an Amended and Restated RSP (the "A&R RSP") that replaces in its entirety the Original RSP. The A&R RSP amends the terms of the Original RSP as follows: • it increases the number of shares of Company capital stock, par value $0.01 per share (the "Capital Stock"), available for awards thereunder from 5.0% of the Company's outstanding shares of Capital Stock on a fully diluted basis at any time, not to exceed 3.4 million shares of Capital Stock, to 10.0% of the Company's outstanding shares of Capital Stock on a fully diluted basis at any time; • it removes the fixed amount of shares that were automatically granted to the Company's independent directors; and • it adds restricted stock units (including dividend equivalent rights thereon) as a permitted form of award. The following table reflects restricted share award activity for the years ended December 31, 2016 , 2015 and 2014 : Number of Shares of Common Stock Weighted-Average Issue Price Unvested, December 31, 2013 4,000 $ 22.50 Granted 3,999 22.50 Vested (800 ) 22.50 Forfeited (2,400 ) 22.50 Unvested, December 31, 2014 4,799 22.50 Granted 6,240 24.04 Vested (1,067 ) 22.50 Forfeited (2,517 ) 23.83 Unvested, December 31, 2015 7,455 23.34 Granted 3,723 24.17 Vested (1,811 ) 23.19 Unvested, December 31, 2016 9,367 $ 23.70 As of December 31, 2016 , the Company had $0.2 million of unrecognized compensation cost related to unvested restricted share awards granted. That cost is expected to be recognized over a weighted-average period of 3.2 years . The fair value of the restricted shares is being expensed in accordance with the service period required. Compensation expense related to restricted stock was approximately $67,000 , $51,000 and $21,000 for the years ended December 31, 2016 , 2015 and 2014 , respectively. Compensation expense related to restricted stock is included in general and administrative expense on the accompanying consolidated statements of operations and comprehensive (loss) income. 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. There were no shares of common stock issued to directors in lieu of cash compensation during the years ended December 31, 2016 , 2015 and 2014 .

Net Loss Per Share

Net Loss Per Share	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Net Loss Per Share	Note 15 — Net Loss Per Share The following table sets forth the basic and diluted net loss per share computations for the years ended December 31, 2016 , 2015 and 2014 : Year Ended December 31, 2016 2015 2014 Basic and diluted net loss (in thousands) $ (54,255 ) $ (21,117 ) $ (1,997 ) Basic and diluted weighted-average shares outstanding 65,450,432 66,028,245 64,333,260 Basic and diluted net loss per share $ (0.83 ) $ (0.32 ) $ (0.03 ) Diluted net loss per share assumes the conversion of all common stock equivalents into an equivalent number of common shares, unless the effect is antidilutive. The Company considers unvested restricted stock, OP Units and Class B Units to be common share equivalents. The Company had the following common share equivalents on a weighted-average basis that were excluded from the calculation of diluted net loss per share as their effect would have been antidilutive for the periods presented: December 31, 2016 2015 2014 Unvested restricted stock (1) 7,985 6,349 5,221 OP Units 90 90 90 Class B Units (2) 1,052,420 953,086 364,786 Total weighted-average antidilutive common stock equivalents 1,060,495 959,525 370,097 _____________________ (1) Weighted-average number of shares of unvested restricted stock outstanding for the periods presented. There were 9,367 , 7,455 and 4,799 shares of unvested restricted stock outstanding as of December 31, 2016 , 2015 and 2014 , respectively. (2) Weighted-average number of issued and unvested Class B Units outstanding for the periods presented. As of December 31, 2016 , 2015 and 2014 , there were 1,052,420 , 1,052,420 and 703,796 Class B Units outstanding, respectively.

Quarterly Results (Unaudited)

Quarterly Results (Unaudited)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Quarterly Results (Unaudited)	Note 16 – Quarterly Results (Unaudited) Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2016 , 2015 and 2014 : Quarters Ended (In thousands, except share and per share amounts) March 31, 2016 June 30, 2016 September 30, 2016 December 31, 2016 Total revenues $ 43,786 $ 44,277 $ 44,758 $ 44,847 Basic and diluted net loss $ (5,854 ) $ (4,077 ) $ (8,729 ) $ (35,595 ) Basic and diluted weighted-average shares outstanding 64,955,420 65,301,764 65,741,735 65,795,812 Basic and diluted net loss per share $ (0.09 ) $ (0.06 ) $ (0.13 ) $ (0.54 ) Quarters Ended (In thousands, except share and per share amounts) March 31, 2015 June 30, 2015 September 30, 2015 December 31, 2015 Total revenues $ 42,866 $ 43,269 $ 44,051 $ 44,312 Basic net income (loss) $ 4,901 $ (1,624 ) $ (11,428 ) $ (12,966 ) Adjustments to net income (loss) for common share equivalents (116 ) — — — Diluted net income (loss) $ 4,785 $ (1,624 ) $ (11,428 ) $ (12,966 ) Basic weighted-average shares outstanding 65,672,016 66,045,785 66,450,057 65,937,566 Basic net income (loss) per share $ 0.07 $ (0.02 ) $ (0.17 ) $ (0.20 ) Diluted weighted-average shares outstanding 65,677,204 66,045,785 66,450,057 65,937,566 Diluted net income (loss) per share $ 0.07 $ (0.02 ) $ (0.17 ) $ (0.20 ) Quarters Ended (1) (In thousands, except share and per share amounts) March 31, 2014 June 30, 2014 September 30, 2014 December 31, 2014 Total revenues $ 30,124 $ 42,076 $ 43,222 $ 42,958 Basic net (loss) income $ (9,569 ) $ 1,127 $ 1,610 $ 4,835 Adjustments to net (loss) income for common share equivalents — (156 ) (98 ) (92 ) Diluted net income (loss) $ (9,569 ) $ 971 $ 1,512 $ 4,743 Basic weighted-average shares outstanding 62,693,554 64,018,318 64,654,279 65,243,247 Basic net (loss) income per share $ (0.15 ) $ 0.02 $ 0.02 $ 0.07 Diluted weighted-average shares outstanding 62,693,554 64,023,762 64,661,074 65,248,137 Diluted net (loss) income per share $ (0.15 ) $ 0.02 $ 0.02 $ 0.07 ______________________________ (1) The aforementioned unaudited quarterly financial information has been revised to reflect certain adjustments and final purchase price allocations to previously reported quarterly information associated with acquisitions completed during 2014. As a result, amortization and accretion of above-market lease assets and below-market lease liabilities decreased total revenue by $0.1 million , $0.4 million and $0.4 million for the three months ended March 31, June 30 and September 30, 2014, respectively. Additionally, the Company decreased depreciation and amortization expense by $1.2 million , $3.4 million and $3.7 million , for the three months ended March 31, June 30 and September 30, 2014, respectively.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	Note 17 — Subsequent Events The Company has evaluated subsequent events through the filing of this Annual Report on Form 10-K, and determined that there have not been any events that have occurred that would require adjustments to, or disclosures in, the consolidated financial statements except for the following disclosures: American Realty Capital — Retail Centers of America, Inc. Merger On February 16, 2017, the Mergers became effective. As a result of the Mergers, the Company acquired RCA, which, immediately prior to the Effective Time, owned a portfolio of 35 anchored, stabilized core retail properties. See Note 2 — Completed Mergers and Significant Disposals for additional details on the Mergers. Second Amendment to Amended and Restated Credit Agreement On February 16, 2017, the Company, the OP, and certain other subsidiaries of the Company acting as guarantors, entered into an amendment, assumption, joinder and reaffirmation of guaranties (the “Second Amendment”) to an unsecured amended and restated credit agreement, dated December 2, 2014 (as amended by the Second Amendment, the “Credit Agreement”), by and among the RCA OP to which the OP is successor by merger, BMO Harris Bank N.A., as administrative agent, letter of credit issuer, swingline lender and a lender, and the other parties thereto, relating to a revolving credit facility (the “Amended Credit Facility”). The Second Amendment provides for, among other things, the OP to become the borrower and principal obligor under the Credit Agreement and the Amended Credit Facility, and for the Company to become a guarantor under the Amended Credit Facility. RCA and the RCA OP were parties to the Credit Agreement prior to closing of the Merger. The Amended Credit Facility provides for aggregate revolving loan borrowings of up to $325.0 million (subject to unencumbered asset pool availability), a swingline subfacility of $25.0 million and a $20.0 million letter of credit subfacility, subject to certain conditions. Through an uncommitted “accordion feature,” the OP, subject to certain conditions, may increase commitments under the Amended Credit Facility to up to $575.0 million . The Amended Credit Facility will mature on May 1, 2018. Borrowings under the Amended Credit Facility will bear interest at either (i) the 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 1.00% ) plus an applicable spread ranging from 0.35% to 1.00% , depending on the Company’s consolidated leverage ratio, or (ii) LIBOR plus an applicable spread ranging from 1.35% to 2.00% , depending on the Company’s consolidated leverage ratio. The Amended Credit Facility provides for quarterly interest payments for each base rate loan and periodic interest payments for each LIBOR loan, based upon the applicable interest period (though no longer than three months) with respect to such LIBOR loan, with all principal outstanding being due on the maturity date. The Amended Credit Facility may be prepaid at any time, in whole or in part, without premium or penalty. Upon the occurrence of an event of default, the requisite lenders have the right to terminate their obligations under the Amended Credit Facility and to accelerate the payment on any unpaid principal amount of all outstanding loans. The Company, certain of its subsidiaries and certain subsidiaries of the OP will guarantee the obligations under the Amended Credit Facility. Amendment to Agreement of Limited Partnership In connection with the Mergers, the Agreement of Limited Partnership of the OP was amended in order to admit to the partnership certain entities which received units of limited partnership interest in the OP pursuant to the Merger Agreement. Property Dispositions On January 24, 2017 , the Company closed on its sale of a single-tenant net lease property operated by SunTrust in Sylva, North Carolina for a contract price of $0.2 million , exclusive of closing costs. On January 31, 2017 , the Company closed on its sale of the Merrill Lynch Properties for a contract price of $148.0 million , exclusive of closing costs. On February 17, 2017 , the Company closed on its sale of a single-tenant net lease property operated by SunTrust in Landover, Maryland for a contract price of $0.8 million , exclusive of closing costs. All of these properties were classified as held for sale on the consolidated balance sheet as of December 31, 2016 . See Note 4 — Real Estate Investments for more information on the Company's real estate investments held for sale as of December 31, 2016 .

Real Estate and Accumulated Dep

Real Estate and Accumulated Depreciation - Schedule III	12 Months Ended
	Dec. 31, 2016
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Real Estate and Accumulated Depreciation - Schedule III	(In thousands) Initial Costs Subsequent to Acquisition Gross Amount Carried at (6) (7) Property City State Acquisition Encumbrances at December 31, 2016 Land Building and Land (5) Building and (5) Accumulated (8) (9) Dollar General I Mission TX 4/29/2013 $ — (1) $ 142 $ 807 $ — $ — $ 949 $ 166 Dollar General I Sullivan MO 5/3/2013 — (1) 146 825 — — 971 170 Walgreens I Pine Bluff AR 7/8/2013 — (1) 159 3,016 — — 3,175 633 Dollar General II Bogalusa LA 7/12/2013 — (1) 107 965 — — 1,072 190 Dollar General II Donaldsonville LA 7/12/2013 — (1) 97 871 — — 968 171 AutoZone I Cut Off LA 7/16/2013 — (1) 67 1,282 — — 1,349 246 Dollar General III Athens MI 7/16/2013 — (1) 48 907 — — 955 174 Dollar General III Fowler MI 7/16/2013 — (1) 49 940 — — 989 181 Dollar General III Hudson MI 7/16/2013 — (1) 102 922 — — 1,024 177 Dollar General III Muskegon MI 7/16/2013 — (1) 49 939 — — 988 180 Dollar General III Reese MI 7/16/2013 — (1) 150 848 — — 998 163 BSFS I Fort Myers FL 7/18/2013 — (1) 1,215 1,822 — — 3,037 361 Dollar General IV Bainbridge GA 7/29/2013 — (1) 233 700 — — 933 134 Dollar General IV Vanleer TN 7/29/2013 — (1) 78 705 — — 783 135 Tractor Supply I Vernon CT 8/1/2013 — (1) 358 3,220 — — 3,578 525 Dollar General V Meraux LA 8/2/2013 — (1) 708 1,315 — — 2,023 253 Mattress Firm I Tallahassee FL 8/7/2013 — (1) 1,015 1,241 — — 2,256 238 Family Dollar I Butler KY 8/12/2013 — (1) 126 711 — — 837 137 Food Lion I Charlotte NC 8/19/2013 — (1) 3,132 4,697 — — 7,829 771 Lowe's I Macon GA 8/19/2013 — (1) — 8,420 — — 8,420 1,323 Lowe's I Fayetteville NC 8/19/2013 — — 6,422 — — 6,422 1,009 Lowe's I New Bern NC 8/19/2013 — (1) 1,812 10,269 — — 12,081 1,614 Lowe's I Rocky Mount NC 8/19/2013 — (1) 1,931 10,940 — — 12,871 1,719 O'Reilly Auto Parts I Manitowoc WI 8/19/2013 — (1) 85 761 — — 846 143 Lowe's I Aiken SC 8/21/2013 — (1) 1,764 7,056 — — 8,820 1,107 Family Dollar II Danville AR 8/22/2013 — (1) 170 679 — — 849 127 Dollar General VI Natalbany LA 8/23/2013 — (1) 379 883 — — 1,262 165 Dollar General VII Gasburg VA 8/23/2013 — (1) 52 993 — — 1,045 186 Walgreens II Tucker GA 8/23/2013 — (1) — 2,524 — — 2,524 505 Family Dollar III Challis ID 8/27/2013 — (1) 44 828 — — 872 155 Chili's I Lake Jackson TX 8/30/2013 — (1) 746 1,741 — — 2,487 409 Chili's I Victoria TX 8/30/2013 — (1) 813 1,897 — — 2,710 445 CVS I Anniston AL 8/30/2013 — (1) 472 1,887 — — 2,359 377 Joe's Crab Shack I Westminster CO 8/30/2013 — (1) 1,136 2,650 — — 3,786 622 Joe's Crab Shack I Houston TX 8/30/2013 — (1) 1,169 2,171 — — 3,340 510 (In thousands) Initial Costs Subsequent to Acquisition Gross Amount Carried at (6) (7) Property City State Acquisition Encumbrances at December 31, 2016 Land Building and Land (5) Building and (5) Accumulated (8) (9) Tire Kingdom I Lake Wales FL 9/4/2013 — (1) 556 1,296 — — 1,852 251 AutoZone II Temple GA 9/6/2013 — (1) 569 854 — — 1,423 160 Dollar General VIII Stanleytown VA 9/6/2013 — (1) 185 1,049 — — 1,234 196 Family Dollar IV Oil City LA 9/9/2013 — (1) 76 685 — — 761 128 Fresenius I Montevallo AL 9/12/2013 — (1) 300 1,699 — — 1,999 266 Dollar General IX Mabelvale AR 9/13/2013 — (1) 38 723 — — 761 135 Advance Auto I Angola IN 9/19/2013 — (1) 35 671 — — 706 123 Arby's I Hernando MS 9/19/2013 — (1) 624 1,455 — — 2,079 333 CVS II Holyoke MA 9/19/2013 — (1) — 2,258 — — 2,258 440 Walgreens III Lansing MI 9/19/2013 — (1) 216 4,099 — — 4,315 799 Walgreens IV Beaumont TX 9/20/2013 — (1) 499 1,995 — — 2,494 389 American Express Travel Related Services I Salt Lake City UT 9/24/2013 — (1) 4,150 32,789 — — 36,939 8,352 American Express Travel Related Services I Greensboro NC 9/24/2013 — (1) 1,620 41,401 — — 43,021 9,770 AmeriCold I Piedmont SC 9/24/2013 — (1) 3,030 24,067 — — 27,097 4,771 AmeriCold I Gaffney SC 9/24/2013 — (1) 1,360 5,666 — — 7,026 1,123 AmeriCold I Pendergrass GA 9/24/2013 — (1) 2,810 26,572 — — 29,382 5,268 AmeriCold I Gainesville GA 9/24/2013 — (1) 1,580 13,838 — — 15,418 2,743 AmeriCold I Cartersville GA 9/24/2013 — (1) 1,640 14,533 — — 16,173 2,881 AmeriCold I Douglas GA 9/24/2013 — (1) 750 7,076 — — 7,826 1,403 AmeriCold I Belvidere IL 9/24/2013 — (1) 2,170 17,843 — — 20,013 3,537 AmeriCold I Brooklyn Park MN 9/24/2013 — (1) 1,590 11,940 — — 13,530 2,367 AmeriCold I Zumbrota MN 9/24/2013 — (1) 2,440 18,152 — — 20,592 3,599 Dollar General X Greenwell Springs LA 9/24/2013 — (1) 114 1,029 — — 1,143 188 Home Depot I Valdosta GA 9/24/2013 — (1) 2,930 30,538 — — 33,468 4,673 Home Depot I Birmingham AL 9/24/2013 — (1) 3,660 33,667 — — 37,327 5,152 L.A. Fitness I Houston TX 9/24/2013 — (1) 2,540 8,379 — — 10,919 1,359 National Tire & Battery I San Antonio TX 9/24/2013 — (1) 577 577 — — 1,154 109 New Breed Logistics I Hanahan SC 9/24/2013 — (1) 2,940 19,171 — — 22,111 3,801 SunTrust Bank I Atlanta GA 9/24/2013 — (1) 2,190 5,666 (291 ) (641 ) 6,924 843 SunTrust Bank I Washington DC 9/24/2013 — (1) 590 2,366 — — 2,956 412 SunTrust Bank I New Smyrna Beach FL 9/24/2013 — (1) 740 2,859 — — 3,599 498 SunTrust Bank I Brooksville FL 9/24/2013 — (1) 360 127 (137 ) (40 ) 310 22 SunTrust Bank I West Palm Beach FL 9/24/2013 — (1) 520 2,264 (177 ) (636 ) 1,971 394 SunTrust Bank I Orlando FL 9/24/2013 — (1) 540 3,069 — — 3,609 534 (In thousands) Initial Costs Subsequent to Acquisition Gross Amount Carried at (6) (7) Property City State Acquisition Encumbrances at December 31, 2016 Land Building and Land (5) Building and (5) Accumulated (8) (9) SunTrust Bank I Orlando FL 9/24/2013 — (1) 410 2,078 — — 2,488 362 SunTrust Bank I Fort Pierce FL 9/24/2013 — (1) 720 1,434 — — 2,154 250 SunTrust Bank I Atlanta GA 9/24/2013 — (1) 570 1,152 — — 1,722 201 SunTrust Bank I Thomson GA 9/24/2013 — (1) 480 1,015 — — 1,495 177 SunTrust Bank I Waycross GA 9/24/2013 — (1) 300 1,425 — — 1,725 248 SunTrust Bank I Cary NC 9/24/2013 — (1) 370 841 — — 1,211 147 SunTrust Bank I Stokesdale NC 9/24/2013 — (1) 230 581 — — 811 101 SunTrust Bank I Summerfield NC 9/24/2013 — (1) 210 605 — — 815 105 SunTrust Bank I Waynesville NC 9/24/2013 — (1) 200 874 — — 1,074 152 SunTrust Bank I Fountain Inn SC 9/24/2013 — (1) 290 1,086 (155 ) (479 ) 742 189 SunTrust Bank I Nashville TN 9/24/2013 — (1) 190 666 — — 856 116 SunTrust Bank I Savannah TN 9/24/2013 — (1) 390 1,179 — — 1,569 205 SunTrust Bank I Chattanooga TN 9/24/2013 — (1) 220 781 — — 1,001 136 SunTrust Bank I Oak Ridge TN 9/24/2013 — (1) 500 1,277 — — 1,777 222 SunTrust Bank I Doswell VA 9/24/2013 — (1) 190 510 — — 700 89 SunTrust Bank I Vinton VA 9/24/2013 — (1) 120 366 — — 486 64 SunTrust Bank I New Market VA 9/24/2013 — (1) 330 948 — — 1,278 165 SunTrust Bank I Brunswick GA 9/24/2013 — (1) 80 249 — — 329 43 SunTrust Bank I Burlington NC 9/24/2013 — (1) 200 497 (21 ) (43 ) 633 87 SunTrust Bank I Pittsboro NC 9/24/2013 — (1) 100 304 (20 ) (50 ) 334 53 SunTrust Bank I Dunwoody GA 9/24/2013 — (1) 460 2,714 (85 ) (412 ) 2,677 473 SunTrust Bank I Athens GA 9/24/2013 — (1) 610 1,662 (97 ) (218 ) 1,957 289 SunTrust Bank I Spencer NC 9/24/2013 — (1) 280 717 (67 ) (141 ) 789 125 SunTrust Bank I Cleveland TN 9/24/2013 — (1) 170 461 (21 ) (47 ) 563 80 SunTrust Bank I Nassawadox VA 9/24/2013 — (1) 70 484 (8 ) (47 ) 499 84 Circle K I Burlington IA 9/25/2013 — (1) 224 523 — — 747 96 Circle K I Clinton IA 9/25/2013 — (1) 334 779 — — 1,113 142 Circle K I Muscatine IA 9/25/2013 — (1) 274 821 — — 1,095 150 Circle K I Aledo IL 9/25/2013 — (1) 427 1,709 — — 2,136 312 Circle K I Bloomington IL 9/25/2013 — (1) 316 586 — — 902 107 Circle K I Bloomington IL 9/25/2013 — (1) 395 592 — — 987 108 Circle K I Champaign IL 9/25/2013 — (1) 412 504 — — 916 92 Circle K I Galesburg IL 9/25/2013 — (1) 355 829 — — 1,184 151 Circle K I Jacksonville IL 9/25/2013 — (1) 351 818 — — 1,169 149 Circle K I Jacksonville IL 9/25/2013 — (1) 316 474 — — 790 87 (In thousands) Initial Costs Subsequent to Acquisition Gross Amount Carried at (6) (7) Property City State Acquisition Encumbrances at December 31, 2016 Land Building and Land (5) Building and (5) Accumulated (8) (9) Circle K I Mattoon IL 9/25/2013 — (1) 608 1,129 — — 1,737 206 Circle K I Morton IL 9/25/2013 — (1) 350 525 — — 875 96 Circle K I Paris IL 9/25/2013 — (1) 429 797 — — 1,226 146 Circle K I Staunton IL 9/25/2013 — (1) 467 1,867 — — 2,334 341 Circle K I Vandalia IL 9/25/2013 — (1) 529 983 — — 1,512 179 Circle K I Virden IL 9/25/2013 — (1) 302 1,208 — — 1,510 220 Circle K I Lafayette IN 9/25/2013 — (1) 401 746 — — 1,147 136 Circle K I Bedford OH 9/25/2013 — (1) 702 702 — — 1,404 128 Circle K I Streetsboro OH 9/25/2013 — (1) 540 540 — — 1,080 99 Walgreens V Oklahoma City OK 9/27/2013 — (1) 1,295 3,884 — — 5,179 757 Walgreens VI Gillette WY 9/27/2013 — (1) 1,198 2,796 — — 3,994 545 1st Constitution Bancorp I Hightstown NJ 9/30/2013 — (1) 260 1,471 — — 1,731 256 American Tire Distributors I Chattanooga TN 9/30/2013 — (1) 401 7,626 — — 8,027 1,512 FedEx Ground I Watertown SD 9/30/2013 — (1) 136 2,581 — — 2,717 512 Krystal I Jacksonville FL 9/30/2013 — (1) 533 799 — — 1,332 183 Krystal I Columbus GA 9/30/2013 — (1) 143 1,288 — — 1,431 295 Krystal I Ft. Oglethorpe GA 9/30/2013 — (1) 181 1,024 — — 1,205 234 Krystal I Chattanooga TN 9/30/2013 — (1) 285 855 — — 1,140 196 Krystal I Cleveland TN 9/30/2013 — (1) 207 1,172 — — 1,379 268 Krystal I Madison TN 9/30/2013 — (1) 416 624 — — 1,040 143 O'Charley's I Lexington KY 9/30/2013 — (1) 409 955 — — 1,364 219 O'Charley's I Conyers GA 9/30/2013 — (1) 373 2,113 — — 2,486 484 O'Charley's I Southaven MS 9/30/2013 — (1) 836 1,553 — — 2,389 355 O'Charley's I Daphne AL 9/30/2013 — (1) 142 1,275 — — 1,417 292 O'Charley's I Kennesaw GA 9/30/2013 — (1) 142 1,280 — — 1,422 293 O'Charley's I Springfield OH 9/30/2013 — (1) 262 1,484 — — 1,746 340 O'Charley's I Murfreesboro TN 9/30/2013 — (1) 597 1,109 — — 1,706 254 O'Charley's I Mcdonough GA 9/30/2013 — (1) 335 1,899 — — 2,234 434 O'Charley's I Simpsonville SC 9/30/2013 — (1) 349 1,395 — — 1,744 319 O'Charley's I Grove City OH 9/30/2013 — (1) 387 1,546 — — 1,933 354 O'Charley's I Clarksville TN 9/30/2013 — (1) 917 1,376 — — 2,293 315 O'Charley's I Champaign IL 9/30/2013 — (1) 256 1,449 — — 1,705 332 O'Charley's I Columbus OH 9/30/2013 — (1) 271 1,533 — — 1,804 351 O'Charley's I Foley AL 9/30/2013 — (1) 264 1,495 — — 1,759 342 (In thousands) Initial Costs Subsequent to Acquisition Gross Amount Carried at (6) (7) Property City State Acquisition Encumbrances at December 31, 2016 Land Building and Land (5) Building and (5) Accumulated (8) (9) O'Charley's I Corydon IN 9/30/2013 — (1) 260 1,473 — — 1,733 337 O'Charley's I Salisbury NC 9/30/2013 — (1) 439 1,024 — — 1,463 234 O'Charley's I Carrollton GA 9/30/2013 — (1) 457 1,067 — — 1,524 244 O'Charley's I Lake Charles LA 9/30/2013 — (1) 1,118 1,367 — — 2,485 313 O'Charley's I Hattiesburg MS 9/30/2013 — (1) 413 1,651 — — 2,064 378 O'Charley's I Greenfield IN 9/30/2013 — (1) 507 1,184 — — 1,691 271 Walgreens VII Monroe MI 9/30/2013 — (1) 1,149 2,680 — — 3,829 523 Walgreens VII St Louis MO 9/30/2013 — (1) 903 2,107 — — 3,010 411 Walgreens VII Rockledge FL 9/30/2013 — (1) 1,040 1,931 — — 2,971 377 Walgreens VII Florissant MO 9/30/2013 — (1) 474 1,422 — — 1,896 277 Walgreens VII Florissant MO 9/30/2013 — (1) 561 1,309 — — 1,870 255 Walgreens VII Alton IL 9/30/2013 — (1) 1,158 3,474 — — 4,632 677 Walgreens VII Springfield IL 9/30/2013 — (1) 1,319 3,078 — — 4,397 600 Walgreens VII Washington IL 9/30/2013 — (1) 964 2,893 — — 3,857 564 Walgreens VII Bloomington IL 9/30/2013 — (1) 1,568 3,659 — — 5,227 713 Walgreens VII Mahomet IL 9/30/2013 — (1) 1,432 2,659 — — 4,091 519 Tractor Supply II Houghton MI 10/3/2013 — (1) 204 1,158 — — 1,362 179 National Tire & Battery II Mundelein IL 10/4/2013 — (1) — 1,742 — — 1,742 328 United Healthcare I Howard (Green Bay) WI 10/7/2013 — (1) 3,805 47,565 — — 51,370 4,118 Tractor Supply III Harlan KY 10/16/2013 — (1) 248 2,232 — — 2,480 337 Mattress Firm II Knoxville TN 10/18/2013 — (1) 189 754 — — 943 134 Dollar General XI Greenville MS 10/23/2013 — (1) 192 769 — — 961 137 Academy Sports I Cape Girardeau MO 10/29/2013 — (1) 384 7,292 — — 7,676 1,110 Talecris Plasma Resources I Eagle Pass TX 10/29/2013 — (1) 286 2,577 — — 2,863 384 Amazon I Winchester KY 10/30/2013 — (1) 362 8,070 — — 8,432 1,306 Fresenius II Montclair NJ 10/31/2013 — (1) 1,214 2,255 — — 3,469 336 Fresenius II Sharon Hill PA 10/31/2013 — (1) 345 1,956 — — 2,301 291 Dollar General XII Le Center MN 11/1/2013 — (1) 47 886 — — 933 158 Advance Auto II Bunnell FL 11/7/2013 — (1) 92 1,741 — — 1,833 310 Advance Auto II Washington GA 11/7/2013 — (1) 55 1,042 — — 1,097 185 Dollar General XIII Vidor TX 11/7/2013 — (1) 46 875 — — 921 156 FedEx Ground II Leland MS 11/12/2013 — (1) 220 4,186 — — 4,406 809 (In thousands) Initial Costs Subsequent to Acquisition Gross Amount Carried at (6) (7) Property City State Acquisition Encumbrances at December 31, 2016 Land Building and Land (5) Building and (5) Accumulated (8) (9) Burger King I Algonquin IL 11/14/2013 — (1) 798 798 — — 1,596 140 Burger King I Antioch IL 11/14/2013 — (1) 706 471 — — 1,177 83 Burger King I Crystal Lake IL 11/14/2013 — (1) 541 232 — — 773 41 Burger King I Grayslake IL 11/14/2013 — (1) 582 476 — — 1,058 84 Burger King I Gurnee IL 11/14/2013 — (1) 931 931 — — 1,862 163 Burger King I McHenry IL 11/14/2013 — (1) 742 318 — — 1,060 56 Burger King I Round Lake Beach IL 11/14/2013 — (1) 1,273 1,042 — — 2,315 183 Burger King I Waukegan IL 11/14/2013 — (1) 611 611 — — 1,222 107 Burger King I Woodstock IL 11/14/2013 — (1) 869 290 — — 1,159 51 Burger King I Austintown OH 11/14/2013 — (1) 221 1,251 — — 1,472 219 Burger King I Beavercreek OH 11/14/2013 — (1) 410 761 — — 1,171 134 Burger King I Celina OH 11/14/2013 — (1) 233 932 — — 1,165 164 Burger King I Chardon OH 11/14/2013 — (1) 332 497 — — 829 87 Burger King I Chesterland OH 11/14/2013 — (1) 320 747 — — 1,067 131 Burger King I Cortland OH 11/14/2013 — (1) 118 1,063 — — 1,181 187 Burger King I Dayton OH 11/14/2013 — (1) 464 862 — — 1,326 151 Burger King I Fairborn OH 11/14/2013 — (1) 421 982 — — 1,403 172 Burger King I Girard OH 11/14/2013 — (1) 421 1,264 — — 1,685 222 Burger King I Greenville OH 11/14/2013 — (1) 248 993 — — 1,241 174 Burger King I Madison OH 11/14/2013 — (1) 282 845 — — 1,127 148 Burger King I Mentor OH 11/14/2013 — (1) 196 786 — — 982 138 Burger King I Niles OH 11/14/2013 — (1) 304 1,214 — — 1,518 213 Burger King I North Royalton OH 11/14/2013 — (1) 156 886 — — 1,042 156 Burger King I Painesville OH 11/14/2013 — (1) 170 965 — — 1,135 169 Burger King I Poland OH 11/14/2013 — (1) 212 847 — — 1,059 149 Burger King I Ravenna OH 11/14/2013 — (1) 391 1,172 — — 1,563 206 Burger King I Salem OH 11/14/2013 — (1) 352 1,408 — — 1,760 247 Burger King I Trotwood OH 11/14/2013 — (1) 266 798 — — 1,064 140 Burger King I Twinsburg OH 11/14/2013 — (1) 458 850 — — 1,308 149 Burger King I Vandalia OH 11/14/2013 — (1) 182 728 — — 910 128 Burger King I Warren OH 11/14/2013 — (1) 176 997 — — 1,173 175 Burger King I Warren OH 11/14/2013 — (1) 168 1,516 — — 1,684 266 (In thousands) Initial Costs Subsequent to Acquisition Gross Amount Carried at (6) (7) Property City State Acquisition Encumbrances at December 31, 2016 Land Building and Land (5) Building and (5) Accumulated (8) (9) Burger King I Willoughby OH 11/14/2013 — (1) 394 920 — — 1,314 161 Burger King I Youngstown OH 11/14/2013 — (1) 300 901 — — 1,201 158 Burger King I Youngstown OH 11/14/2013 — (1) 186 1,675 — — 1,861 294 Burger King I Youngstown OH 11/14/2013 — (1) 147 1,324 — — 1,471 232 Burger King I Youngstown OH 11/14/2013 — (1) 370 1,481 — — 1,851 260 Burger King I Bethel Park PA 11/14/2013 — (1) 342 634 — — 976 111 Burger King I North Fayette PA 11/14/2013 — (1) 463 1,388 — — 1,851 244 Burger King I North Versailles PA 11/14/2013 — (1) 553 1,659 — — 2,212 291 Burger King I Columbiana OH 11/14/2013 — (1) 581 871 — — 1,452 153 Dollar General XIV Fort Smith AR 11/20/2013 — (1) 184 1,042 — — 1,226 180 Dollar General XIV Hot Springs AR 11/20/2013 — (1) 287 862 — — 1,149 149 Dollar General XIV Royal AR 11/20/2013 — (1) 137 777 — — 914 135 Dollar General XV Wilson NY 11/20/2013 — (1) 172 972 — — 1,144 168 Mattress Firm I McDonough GA 11/22/2013 — (1) 185 1,663 — — 1,848 288 FedEx Ground III Bismarck ND 11/25/2013 — (1) 554 3,139 — — 3,693 590 Dollar General XVI LaFollette TN 11/27/2013 — (1) 43 824 — — 867 143 Family Dollar V Carrollton MO 11/27/2013 — (1) 37 713 — — 750 124 Walgreens VIII Bettendorf IA 12/6/2013 — (1) 1,398 3,261 — — 4,659 603 CVS III Detroit MI 12/10/2013 — (1) 447 2,533 — — 2,980 469 Family Dollar VI Walden CO 12/10/2013 — (1) 100 568 — — 668 98 Mattress Firm III Valdosta GA 12/17/2013 — (1) 169 1,522 — — 1,691 256 Arby's II Virginia MN 12/23/2013 — (1) 117 1,056 — — 1,173 176 Family Dollar VI Kremmling CO 12/23/2013 — (1) 194 778 — — 972 131 SAAB Sensis I Syracuse NY 12/23/2013 7,841 2,516 12,570 — — 15,086 1,071 Citizens Bank I Doylestown PA 12/27/2013 — (1) 588 1,373 — — 1,961 221 Citizens Bank I Lansdale PA 12/27/2013 — (1) 531 1,238 — — 1,769 199 Citizens Bank I Lima PA 12/27/2013 — (1) 1,376 1,682 — — 3,058 270 Citizens Bank I Philadelphia PA 12/27/2013 — (1) 473 2,680 — — 3,153 431 Citizens Bank I Philadelphia PA 12/27/2013 — (1) 412 2,337 — — 2,749 376 Citizens Bank I Philadelphia PA 12/27/2013 — (1) 321 2,889 — — 3,210 464 Citizens Bank I Philadelphia PA 12/27/2013 — (1) 388 1,551 — — 1,939 249 Citizens Bank I Richboro PA 12/27/2013 — (1) 642 1,193 — — 1,835 192 (In thousands) Initial Costs Subsequent to Acquisition Gross Amount Carried at (6) (7) Property City State Acquisition Encumbrances at December 31, 2016 Land Building and Land (5) Building and (5) Accumulated (8) (9) Citizens Bank I Wayne PA 12/27/2013 — (1) 1,923 1,923 — — 3,846 309 Walgreens IX Waterford MI 1/3/2014 — (1) 514 4,531 — — 5,045 359 SunTrust Bank II Lakeland FL 1/8/2014 — (2) 590 705 — — 1,295 72 SunTrust Bank II Pensacola FL 1/8/2014 — (2) 513 297 (74 ) (39 ) 697 31 SunTrust Bank II Plant City FL 1/8/2014 — (2) 499 1,139 — — 1,638 106 SunTrust Bank II Vero Beach FL 1/8/2014 — (2) 825 2,682 — — 3,507 224 SunTrust Bank II Osprey FL 1/8/2014 — (2) 450 2,086 (187 ) (787 ) 1,562 196 SunTrust Bank II Panama City FL 1/8/2014 — (2) 484 1,075 — — 1,559 98 SunTrust Bank II Miami FL 1/8/2014 — (2) 3,187 3,224 — — 6,411 272 SunTrust Bank II Winter Park FL 1/8/2014 — (2) 2,264 1,079 — — 3,343 101 SunTrust Bank II Fruitland Park FL 1/8/2014 — (2) 305 785 (126 ) (292 ) 672 75 SunTrust Bank II Seminole FL 1/8/2014 — (2) 1,329 3,486 — — 4,815 286 SunTrust Bank II Okeechobee FL 1/8/2014 — (2) 339 1,569 — — 1,908 170 SunTrust Bank II Norcross GA 1/8/2014 — (2) 660 252 (255 ) (88 ) 569 25 SunTrust Bank II Douglasville GA 1/8/2014 — (2) 410 749 — — 1,159 66 SunTrust Bank II Duluth GA 1/8/2014 — (2) 1,081 2,111 — — 3,192 179 SunTrust Bank II Atlanta GA 1/8/2014 — (2) 1,071 2,293 — — 3,364 196 SunTrust Bank II Kennesaw GA 1/8/2014 — (2) 930 1,727 (437 ) (741 ) 1,479 151 SunTrust Bank II Cockeysville MD 1/8/2014 — (2) 2,184 479 — — 2,663 41 SunTrust Bank II Apex NC 1/8/2014 — (2) 296 1,240 — — 1,536 102 SunTrust Bank II Arden NC 1/8/2014 — (2) 374 216 — — 590 23 SunTrust Bank II Greensboro NC 1/8/2014 — (2) 650 712 (192 ) (189 ) 981 71 SunTrust Bank II Greensboro NC 1/8/2014 — (2) 326 633 — — 959 55 SunTrust Bank II Salisbury NC 1/8/2014 — (2) 264 293 — — 557 33 SunTrust Bank II Mauldin SC 1/8/2014 — (2) 542 704 — — 1,246 69 SunTrust Bank II Nashville TN 1/8/2014 — (2) 890 504 — — 1,394 53 SunTrust Bank II Chattanooga TN 1/8/2014 — (2) 358 564 — — 922 50 SunTrust Bank II East Ridge TN 1/8/2014 — (2) 276 475 — — 751 47 SunTrust Bank II Fredericksburg VA 1/8/2014 — (2) 1,623 446 — — 2,069 46 SunTrust Bank II Lynchburg VA 1/8/2014 — (2) 584 1,255 — — 1,839 111 SunTrust Bank II Chesapeake VA 1/8/2014 — (2) 490 695 — — 1,185 64 SunTrust Bank II Bushnell FL 1/8/2014 — (2) 385 1,216 — — 1,601 96 (In thousands) Initial Costs Subsequent to Acquisition Gross Amount Carried at (6) (7) Property City State Acquisition Encumbrances at December 31, 2016 Land Building and Land (5) Building and (5) Accumulated (8) (9) Mattress Firm IV Meridian ID 1/9/2014 — (1) 691 1,193 — — 1,884 107 Dollar General XII Sunrise Beach MO 1/15/2014 — (1) 105 795 — — 900 100 FedEx Ground IV Council Bluffs IA 1/24/2014 — (1) 768 3,908 — — 4,676 365 Mattress Firm V Florence AL 1/28/2014 — (1) 299 1,478 — — 1,777 128 Mattress Firm I Aiken SC 2/5/2014 — (1) 426 1,029 — — 1,455 103 Family Dollar VII Bernice LA 2/7/2014 — (1) 51 527 — — 578 48 Aaron's I Erie PA 2/10/2014 — (1) 126 708 — — 834 58 AutoZone III Caro MI 2/13/2014 — (1) 135 855 — — 990 73 C&S Wholesale Grocer I Westfield MA 2/21/2014 29,500 12,050 29,727 — — 41,777 2,737 C&S Wholesale Grocer I Hatfield (North) MA 2/21/2014 20,280 1,951 27,528 — — 29,479 2,514 C&S Wholesale Grocer I Hatfield (South) MA 2/21/2014 10,000 1,420 14,169 — — 15,589 1,047 C&S Wholesale Grocer I Aberdeen MD 2/21/2014 22,533 3,615 27,684 — — 31,299 2,005 C&S Wholesale Grocer I Birmingham AL 2/21/2014 — (1) 4,951 36,894 — — 41,845 2,685 Advance Auto III Taunton MA 2/25/2014 — (1) 404 1,148 — — 1,552 88 Family Dollar VIII Dexter NM 3/3/2014 — (1) 79 745 — — 824 74 Family Dollar VIII Hale Center TX 3/3/2014 — (1) 111 624 — — 735 62 Family Dollar VIII Plains TX 3/3/2014 — (1) 100 624 — — 724 62 Dollar General XVII Tullos LA 3/5/2014 — (1) 114 736 — — 850 63 SunTrust Bank III Muscle Shoals AL 3/10/2014 — (3) 242 1,480 (31 ) (174 ) 1,517 135 SunTrust Bank III Sarasota FL 3/10/2014 — (3) 741 852 — — 1,593 77 SunTrust Bank III Vero Beach FL 3/10/2014 — (3) 675 483 (372 ) (240 ) 546 47 SunTrust Bank III Fort Meade FL 3/10/2014 — (3) 175 2,375 (72 ) (899 ) 1,579 188 SunTrust Bank III Port St. Lucie FL 3/10/2014 — (3) 913 1,772 — — 2,685 153 SunTrust Bank III Mulberry FL 3/10/2014 — (3) 406 753 — — 1,159 67 SunTrust Bank III Gainesville FL 3/10/2014 — (3) 458 2,139 — — 2,597 170 SunTrust Bank III Gainesville FL 3/10/2014 — (3) 457 816 — — 1,273 73 SunTrust Bank III Gulf Breeze FL 3/10/2014 — (3) 1,092 1,569 — — 2,661 134 SunTrust Bank III Sarasota FL 3/10/2014 — (3) 955 1,329 — — 2,284 112 SunTrust Bank III Hobe Sound FL 3/10/2014 — (3) 442 1,521 (182 ) (574 ) 1,207 124 SunTrust Bank III Port St. Lucie FL 3/10/2014 — (3) 996 872 (555 ) (441 ) 872 81 SunTrust Bank III Mount Dora FL 3/10/2014 — (3) 570 1,933 — — 2,503 153 SunTrust Bank III Daytona Beach FL 3/10/2014 — (3) 376 1,379 (174 ) (585 ) 996 117 SunTrust Bank III Lutz FL 3/10/2014 — (3) 438 1,477 — — 1,915 117 SunTrust Bank III Jacksonville FL 3/10/2014 — (3) 871 372 — — 1,243 37 SunTrust Bank III Jacksonville FL 3/10/2014 — (3) 366 1,136 — — 1,502 95 (In thousands) Initial Costs Subsequent to Acquisition Gross Amount Carried at (6) (7) Property City State Acquisition Encumbrances at December 31, 2016 Land Building and Land (5) Building and (5) Accumulated (8) (9) SunTrust Bank III Boca Raton FL 3/10/2014 — (3) 1,617 690 (364 ) (142 ) 1,801 60 SunTrust Bank III Tamarac FL 3/10/2014 — (3) 997 1,241 — — 2,238 105 SunTrust Bank III Pompano Beach FL 3/10/2014 — (3) 886 2,024 — — 2,910 159 SunTrust Bank III St. Cloud FL 3/10/2014 — (3) 1,046 1,887 — — 2,933 155 SunTrust Bank III Ormond Beach FL 3/10/2014 — (3) 1,047 1,566 — — 2,613 137 SunTrust Bank III Daytona Beach FL 3/10/2014 — (3) 443 1,586 — — 2,029 137 SunTrust Bank III Ormond Beach FL 3/10/2014 — (3) 854 1,385 — — 2,239 117 SunTrust Bank III Ormond Beach FL 3/10/2014 — (3) 873 2,235 — — 3,108 178 SunTrust Bank III Brooksville FL 3/10/2014 — (3) 460 954 (175 ) (331 ) 908 84 SunTrust Bank III Inverness FL 3/10/2014 — (3) 867 2,559 — — 3,426 210 SunTrust Bank III Indian Harbour Beach FL 3/10/2014 — (3) 914 1,181 — — 2,095 138 SunTrust Bank III Melbourne FL 3/10/2014 — (3) 772 1,927 — — 2,699 158 SunTrust Bank III Orlando FL 3/10/2014 — (3) 1,234 1,125 — — 2,359 97 SunTrust Bank III Orlando FL 3/10/2014 — (3) 874 1,922 — — 2,796 154 SunTrust Bank III St. Petersburg FL 3/10/2014 — (3) 803 1,043 — — 1,846 86 SunTrust Bank III Casselberry FL 3/10/2014 — (3) 609 2,443 — — 3,052 195 SunTrust Bank III Rockledge FL 3/10/2014 — (3) 742 1,126 — — 1,868 94 SunTrust Bank III New Smyrna Beach FL 3/10/2014 — (3) 244 1,245 (115 ) (536 ) 838 104 SunTrust Bank III New Port Richey FL 3/10/2014 — (3) 602 1,104 (330 ) (554 ) 822 93 SunTrust Bank III Tampa FL 3/10/2014 — (3) 356 1,042 (149 ) (394 ) 855 103 SunTrust Bank III Lakeland FL 3/10/2014 — (3) 927 1,594 — — 2,521 155 SunTrust Bank III Ocala FL 3/10/2014 — (3) 347 1,336 — — 1,683 151 SunTrust Bank III St. Petersburg FL 3/10/2014 — (3) 211 1,237 (107 ) (576 ) 765 103 SunTrust Bank III Atlanta GA 3/10/2014 — (3) 3,027 4,873 — — 7,900 367 SunTrust Bank III Atlanta GA 3/10/2014 — (3) 4,422 1,559 — — 5,981 130 SunTrust Bank III Stone Mountain GA 3/10/2014 — (3) 605 522 — — 1,127 43 SunTrust Bank III Lithonia GA 3/10/2014 — (3) 212 770 — — 982 64 SunTrust Bank III Union City GA 3/10/2014 — (3) 400 542 — — 942 48 SunTrust Bank III Peachtree City GA 3/10/2014 — (3) 887 2,242 — — 3,129 188 SunTrust Bank III Stockbridge GA 3/10/2014 — (3) 358 760 — — 1,118 66 SunTrust Bank III Conyers GA 3/10/2014 — (3) 205 1,334 — — 1,539 105 SunTrust Bank III Morrow GA 3/10/2014 — (3) 400 1,759 (74 ) (301 ) 1,784 139 SunTrust Bank III Marietta GA 3/10/2014 — (3) 2,168 1,169 — — 3,337 103 SunTrust Bank III Marietta GA 3/10/2014 — (3) 1,087 2,056 — — 3,143 159 SunTrust Bank III Thomson GA 3/10/2014 — (3) 91 719 — — 810 66 (In thousands) Initial Costs Subsequent to Acquisition Gross Amount Carried at (6) (7) Property City State Acquisition Encumbrances at December 31, 2016 Land Building and Land (5) Building and (5) Accumulated (8) (9) SunTrust Bank III Savannah GA 3/10/2014 — (3) 224 1,116 — — 1,340 91 SunTrust Bank III Savannah GA 3/10/2014 — (3) 458 936 — — 1,394 92 SunTrust Bank III Macon GA 3/10/2014 — (3) 214 771 — — 985 71 SunTrust Bank III Albany GA 3/10/2014 — (3) 260 531 (25 ) (45 ) 721 61 SunTrust Bank III Sylvester GA 3/10/2014 — (3) 242 845 — — 1,087 72 SunTrust Bank III Brunswick GA 3/10/2014 — (3) 384 888 — — 1,272 77 SunTrust Bank III Athens GA 3/10/2014 — (3) 427 472 — — 899 60 SunTrust Bank III Cartersville GA 3/10/2014 — (3) 658 1,734 — — 2,392 140 SunTrust Bank III Annapolis MD 3/10/2014 — (3) 3,331 1,655 (1,739 ) (803 ) 2,444 117 SunTrust Bank III Cambridge MD 3/10/2014 — (3) 1,130 1,265 (187 ) (194 ) 2,014 92 SunTrust Bank III Avondale MD 3/10/2014 — (3) 1,760 485 — — 2,245 42 SunTrust Bank III Asheboro NC 3/10/2014 — (3) 458 774 — — 1,232 68 SunTrust Bank III Bessemer City NC 3/10/2014 — (3) 212 588 (47 ) (119 ) 634 49 SunTrust Bank III Charlotte NC 3/10/2014 — (3) 529 650 — — 1,179 53 SunTrust Bank III Charlotte NC 3/10/2014 — (3) 563 750 — — 1,313 67 SunTrust Bank III Dunn NC 3/10/2014 — (3) 384 616 — — 1,000 57 SunTrust Bank III Durham NC 3/10/2014 — (3) 488 742 — — 1,230 60 SunTrust Bank III Durham NC 3/10/2014 — (3) 284 506 — — 790 51 SunTrust Bank III Greensboro NC 3/10/2014 — (3) 488 794 — — 1,282 72 SunTrust Bank III Hendersonville NC 3/10/2014 — (3) 468 945 — — 1,413 79 SunTrust Bank III Lenoir NC 3/10/2014 — (3) 1,021 3,980 — — 5,001 302 SunTrust Bank III Lexington NC 3/10/2014 — (3) 129 266 (18 ) (33 ) 344 34 SunTrust Bank III Mebane NC 3/10/2014 — (3) 500 887 — — 1,387 71 SunTrust Bank III Oxford NC 3/10/2014 — (3) 530 1,727 — — 2,257 133 SunTrust Bank III Rural Hall NC 3/10/2014 — (3) 158 193 (61 ) (67 ) 223 20 SunTrust Bank III Winston-Salem NC 3/10/2014 — (3) 362 513 — — 875 45 SunTrust Bank III Yadkinville NC 3/10/2014 — (3) 438 765 — — 1,203 61 SunTrust Bank III Greenville SC 3/10/2014 — (3) 377 871 — — 1,248 73 SunTrust Bank III Greenville SC 3/10/2014 — (3) 264 684 — — 948 58 SunTrust Bank III Greenville SC 3/10/2014 — (3) 590 1,007 — — 1,597 89 SunTrust Bank III Greenville SC 3/10/2014 — (3) 449 1,640 — — 2,089 168 SunTrust Bank III Nashville TN 3/10/2014 — (3) 204 740 — — 944 57 SunTrust Bank III Nashville TN 3/10/2014 — (3) 1,776 1,601 — — 3,377 148 SunTrust Bank III Brentwood TN 3/10/2014 — (3) 885 1,987 — — 2,872 160 SunTrust Bank III Brentwood TN 3/10/2014 — (3) 996 1,536 — — 2,532 126 (In thousands) Initial Costs Subsequent to Acquisition Gross Amount Carried at (6) (7) Property City State Acquisition Encumbrances at December 31, 2016 Land Building and Land (5) Building and (5) Accumulated (8) (9) SunTrust Bank III Smyrna TN 3/10/2014 — (3) 501 767 — — 1,268 71 SunTrust Bank III Murfreesboro TN 3/10/2014 — (3) 451 847 — — 1,298 65 SunTrust Bank III Murfreesboro TN 3/10/2014 — (3) 262 182 — — 444 21 SunTrust Bank III Soddy Daisy TN 3/10/2014 — (3) 338 624 — — 962 49 SunTrust Bank III Signal Mountain TN 3/10/2014 — (3) 296 697 — — 993 57 SunTrust Bank III Chattanooga TN 3/10/2014 — (3) 419 811 — — 1,230 65 SunTrust Bank III Chattanooga TN 3/10/2014 — (3) 191 335 — — 526 27 SunTrust Bank III Kingsport TN 3/10/2014 — (3) 162 260 — — 422 24 SunTrust Bank III Loudon TN 3/10/2014 — (3) 331 541 (38 ) (56 ) 778 45 SunTrust Bank III Morristown TN 3/10/2014 — (3) 214 444 — — 658 51 SunTrust Bank III Richmond VA 3/10/2014 — (3) 153 313 — — 466 31 SunTrust Bank III Richmond VA 3/10/2014 — (3) 233 214 — — 447 21 SunTrust Bank III Fairfax VA 3/10/2014 — (3) 2,835 1,081 — — 3,916 86 SunTrust Bank III Lexington VA 3/10/2014 — (3) 122 385 — — 507 36 SunTrust Bank III Roanoke VA 3/10/2014 — (3) 316 734 — — 1,050 60 SunTrust Bank III Williamsburg VA 3/10/2014 — (3) 447 585 — — 1,032 55 SunTrust Bank III Onancock VA 3/10/2014 — (3) 829 1,300 — — 2,129 99 SunTrust Bank III Accomac VA 3/10/2014 — (3) 149 128 — — 277 10 SunTrust Bank III Painter VA 3/10/2014 — (3) 89 259 (14 ) (37 ) 297 24 SunTrust Bank III Stafford VA 3/10/2014 — (3) 2,130 1,714 — — 3,844 138 SunTrust Bank III Roanoke VA 3/10/2014 — (3) 753 1,165 — — 1,918 99 SunTrust Bank III Melbourne FL 3/10/2014 — (3) 788 1,888 — — 2,676 149 SunTrust Bank III Raleigh NC 3/10/2014 — (3) 629 1,581 — — 2,210 118 SunTrust Bank III Richmond VA 3/10/2014 — (3) 3,141 7,441 (706 ) (1,517 ) 8,359 692 SunTrust Bank IV Lake Mary FL 3/10/2014 — (4) 1,911 2,849 — — 4,760 226 SunTrust Bank IV Bayonet Point FL 3/10/2014 — (4) 528 1,172 (257 ) (524 ) 919 97 SunTrust Bank IV St. Augustine FL 3/10/2014 — (4) 489 2,129 — — 2,618 168 SunTrust Bank IV Deltona FL 3/10/2014 — (4) 631 1,512 (300 ) (655 ) 1,188 132 SunTrust Bank IV Spring Hill FL 3/10/2014 — (4) 673 2,550 — — 3,223 197 SunTrust Bank IV Pembroke Pines FL 3/10/2014 — (4) 1,688 548 — — 2,236 56 SunTrust Bank IV Palm Coast FL 3/10/2014 — (4) 447 1,548 (218 ) (691 ) 1,086 130 SunTrust Bank IV Clearwater FL 3/10/2014 — (4) 783 1,936 — — 2,719 149 SunTrust Bank IV Ocala FL 3/10/2014 — (4) 581 1,091 — — 1,672 104 SunTrust Bank IV Ocala FL 3/10/2014 — (4) 559 750 — — 1,309 80 SunTrust Bank IV Chamblee GA 3/10/2014 — (4) 1,029 813 — — 1,842 72 (In thousands) Initial Costs Subsequent to Acquisition Gross Amount Carried at (6) (7) Property City State Acquisition Encumbrances at December 31, 2016 Land Building and Land (5) Building and (5) Accumulated (8) (9) SunTrust Bank IV Stone Mountain GA 3/10/2014 — (4) 461 475 — — 936 41 SunTrust Bank IV Columbus GA 3/10/2014 — (4) 417 1,395 — — 1,812 114 SunTrust Bank IV Madison GA 3/10/2014 — (4) 304 612 — — 916 47 SunTrust Bank IV Prince Frederick MD 3/10/2014 — (4) 2,431 940 — — 3,371 83 SunTrust Bank IV Charlotte NC 3/10/2014 — (4) 651 444 — — 1,095 46 SunTrust Bank IV Creedmoor NC 3/10/2014 — (4) 306 789 — — 1,095 67 SunTrust Bank IV Greensboro NC 3/10/2014 — (4) 619 742 — — 1,361 78 SunTrust Bank IV Pittsboro NC 3/10/2014 — (4) 61 510 — — 571 37 SunTrust Bank IV Roxboro NC 3/10/2014 — (4) 234 1,100 — — 1,334 84 SunTrust Bank IV Liberty SC 3/10/2014 — (4) 254 911 (145 ) (478 ) 542 72 SunTrust Bank IV Nashville TN 3/10/2014 — (4) 1,035 745 — — 1,780 60 SunTrust Bank IV Johnson City TN 3/10/2014 — (4) 174 293 — — 467 32 SunTrust Bank IV Gloucester VA 3/10/2014 — (4) 154 2,281 — — 2,435 177 SunTrust Bank IV Collinsville VA 3/10/2014 — (4) 215 555 — — 770 47 SunTrust Bank IV Stuart VA 3/10/2014 — (4) 374 1,532 — — 1,906 122 SunTrust Bank IV Douglas GA 3/10/2014 — (4) 73 1,248 — — 1,321 97 Dollar General XVIII Deville LA 3/19/2014 — (1) 93 741 — — 834 61 Mattress Firm I Holland MI 3/19/2014 — (1) 507 1,014 — — 1,521 93 Sanofi US I Bridgewater NJ 3/20/2014 125,000 16,009 194,287 — — 210,296 14,315 Dollar General XVII Hornbeck LA 3/25/2014 — (1) 82 780 — — 862 64 Family Dollar IX Fannettsburg PA 4/8/2014 — (1) 165 803 — — 968 64 Mattress Firm I Saginaw MI 4/8/2014 — (1) 337 1,140 — — 1,477 99 Bi-Lo I Greenville SC 5/8/2014 — (1) 1,504 4,770 — — 6,274 363 Stop & Shop I Bristol RI 5/8/2014 7,715 2,860 10,010 — — 12,870 743 Stop & Shop I Cumberland RI 5/8/2014 — (1) 3,295 13,693 — — 16,988 1,044 Stop & Shop I Framingham MA 5/8/2014 8,572 3,971 12,289 — — 16,260 851 Stop & Shop I Hyde Park NY 5/8/2014 — (1) 3,154 10,646 — — 13,800 787 Stop & Shop I Malden

Mortgage Loans on Real Estate -

Mortgage Loans on Real Estate - Schedule IV	12 Months Ended
	Dec. 31, 2016
Mortgage Loans on Real Estate [Abstract]
Mortgage Loans on Real Estate - Schedule IV	(Dollar amounts in thousands) Loan Type Property Type Par Value Carrying Amount Interest Rate Payment Terms Maturity Date Senior Student Housing — Multifamily $ 17,200 $ 17,175 1M LIBOR + 4.5% Interest Only Nov. 2018 $ 17,200 $ 17,175

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Basis of Accounting	Basis of Accounting The accompanying consolidated financial statements of the Company are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ("GAAP").
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company, the OP and its subsidiaries. All inter-company accounts and transactions are eliminated in consolidation. In determining whether the Company has a controlling financial interest in a joint venture and the requirement to consolidate the accounts of that entity, management considers factors such as ownership interest, authority to make decisions and contractual and substantive participating rights of the other partners or members as well as whether the entity is a variable interest entity ("VIE") for which the Company is the primary beneficiary. The Company has determined the OP is a VIE of which the Company is the primary beneficiary. Substantially all of the Company's assets and liabilities are held by the OP.
Reportable Segments	Reportable Segment The Company has one reportable segment, income-producing properties, which consists of activities related to investing in real estate.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management makes significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, and fair value measurements, as applicable.
Real Estate Investments	Real Estate Investments Investments in real estate are recorded at cost. Improvements and replacements are capitalized when they extend the useful life of the asset. Costs of repairs and maintenance are expensed as incurred. The Company evaluates the inputs, processes and outputs of each asset acquired to determine if the transaction is a business combination or asset acquisition. If an acquisition qualifies as a business combination, the related transaction costs are recorded as an expense in the consolidated statements of operations and comprehensive (loss) income. If an acquisition qualifies as an asset acquisition, the related transaction costs are generally capitalized and subsequently amortized over the useful life of the acquired assets. In business combinations, the Company allocates the purchase price of acquired properties to tangible and identifiable intangible assets or liabilities based on their respective fair values. Tangible assets may include land, land improvements, buildings, fixtures and tenant improvements. Intangible assets may include the value of in-place leases and above- and below- market leases. In addition, any assumed mortgages receivable or payable and any assumed or issued noncontrolling interests are recorded at their estimated fair values. The fair value of the tangible assets of an acquired property with an in-place operating lease is determined by valuing the property as if it were vacant, and the "as-if-vacant" value is then allocated to the tangible assets based on the fair value of the tangible assets. The fair value of in-place leases is determined by considering estimates of carrying costs during the expected lease-up periods, current market conditions, as well as costs to execute similar leases. The fair value of above- or below-market leases is recorded based on the present value of the difference between the contractual amount to be paid pursuant to the in-place lease and our estimate of the fair market lease rate for the corresponding in-place lease, measured over the remaining term of the lease, including any below-market fixed rate renewal options for below-market leases. In allocating the fair value to assumed mortgages, amounts are recorded to debt premiums or discounts based on the present value of the estimated cash flows, which is calculated to account for either above or below-market interest rates. In allocating non-controlling interests, amounts are recorded based on the fair value of units issued at the date of acquisition, as determined by the terms of the applicable agreement. In making estimates of fair values for purposes of allocating purchase price, the Company utilizes a number of sources, including real estate valuations, prepared by independent valuation firms. The Company also considers information and other factors including: market conditions, the industry that the tenant operates in, characteristics of the real estate, i.e.: location, size, demographics, value and comparative rental rates, tenant credit profile, store profitability and the importance of the location of the real estate to the operations of the tenant's business. Real estate investments that are intended to be sold are designated as "held for sale" on the consolidated balance sheets at the lesser of carrying amount or fair value less estimated selling costs when they meet specific criteria to be presented as held for sale. Real estate investments are no longer depreciated when they are classified as held for sale. If the disposal, or intended disposal, of certain real estate investments represents a strategic shift that has had or will have a major effect on the Company's operations and financial results, the operations of such real estate investments would be presented as discontinued operations in the consolidated statements of operations and comprehensive (loss) income for all applicable periods.
Depreciation and Amortization	Depreciation and Amortization The Company is required to make subjective assessments as to the useful lives of the components of the Company's real estate investments for purposes of determining the amount of depreciation to record on an annual basis. These assessments have a direct impact on the Company's net income because if the Company were to shorten the expected useful lives of its real estate investments, it would depreciate these investments over fewer years, resulting in more depreciation expense and lower net income on an annual basis. Depreciation is computed using the straight-line method over the estimated useful lives of up to 40 years for buildings, 15 years for land improvements, five years for fixtures and improvements and the shorter of the useful life or the remaining lease term for tenant improvements and leasehold interests. Capitalized above-market lease values are amortized as a reduction of rental income over the remaining terms of the respective leases. Capitalized below-market lease values are amortized as an increase to rental income over the remaining terms of the respective leases and expected below-market renewal option periods. Capitalized above-market ground lease values are amortized as a reduction of property operating expense over the remaining terms of the respective leases. Capitalized below-market ground lease values are amortized as an increase to property operating expense over the remaining terms of the respective leases and expected below-market renewal option periods. The value of in-place leases, exclusive of the value of above-market and below-market in-place leases, is amortized to expense over the remaining periods of the respective leases. Assumed mortgage premiums or discounts are amortized as an increase or reduction to interest expense over the remaining terms of the respective mortgages.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets When circumstances indicate the carrying value of a property may not be recoverable, we review the property for impairment. This review is based on an estimate of the future undiscounted cash flows, excluding interest charges, expected to result from the property's use and eventual disposition. These estimates consider factors such as expected future operating income, market and other applicable trends and residual value, as well as the effects of leasing demand, competition and other factors. If impairment exists, due to the inability to recover the carrying value of a property, an impairment loss is recorded to the extent that the carrying value exceeds the estimated fair value of the property for properties to be held and used. For properties held for sale, the impairment loss is the adjustment to fair value less estimated cost to dispose of the asset. These assessments have a direct impact on net income because recording an impairment loss results in an immediate negative adjustment to net income.
Commercial Mortgage Loans	Commercial Mortgage Loans Commercial mortgage loans held for investment purposes are anticipated to be held until maturity, and accordingly, are carried at cost, net of unamortized acquisition fees and expenses capitalized, discounts or premiums and unfunded commitments. Commercial mortgage loans that are deemed to be impaired will be carried at amortized cost less a specific allowance for loan losses. Interest income is recorded on the accrual basis and related discounts, premiums and capitalized acquisition fees and expenses on investments are amortized over the life of the investment using the effective interest method. Amortization is reflected as an adjustment to interest income from debt investments in the Company's consolidated statements of operations and comprehensive (loss) income. Guaranteed loan exit fees payable by the borrower upon maturity are accreted over the life of the investment using the effective interest method. The accretion of guaranteed loan exit fees is recognized in interest income from debt investments in the Company's consolidated statements of operations and comprehensive (loss) income. Acquisition fees and expenses incurred in connection with the origination and acquisition of commercial mortgage loan investments are evaluated based on the nature of the expense to determine if they should be expensed in the period incurred or capitalized and amortized over the life of the investment. Commercial mortgage loans held for sale are carried at the lower of cost or fair value. The Company evaluates fair value on an individual loan basis. The amount by which cost exceeds fair value is accounted for as a valuation allowance, and changes in the valuation allowance are included in net income. Purchase discounts are no longer amortized during the period the loans are held for sale.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash in bank accounts as well as investments in highly-liquid money market funds with original maturities of three months or less and funds in overnight sweeps, in which excess funds over an established threshold are swept daily. The Company deposits cash with high quality financial institutions. These deposits are guaranteed by the Federal Deposit Insurance Company (the "FDIC") up to an insurance limit.
Deferred Costs, Net	Deferred Costs, Net Deferred costs, net consists of deferred financing costs, deferred commitment fees and deferred leasing costs, net of accumulated amortization. Deferred financing costs represent legal fees and other costs associated with obtaining financing. These costs are amortized over the terms of the respective financing agreements using the effective interest method and included in interest expense on the accompanying consolidated statements of operations and comprehensive (loss) income. Unamortized deferred financing costs are generally expensed when the associated debt is refinanced or repaid before maturity. Costs incurred in seeking financial transactions that do not close are expensed in the period in which it is determined that the financing will not close. Deferred commitment fees represent fees associated with obtaining commitments for financing. These costs are amortized over the term of the commitment period. Deferred leasing costs, consisting primarily of lease commissions and payments made to execute new leases, are deferred and amortized over the term of the lease.
Revenue Recognition	Revenue Recognition The Company's revenues, which are derived primarily from rental income, include rents that each tenant pays in accordance with the terms of each lease reported on a straight-line basis over the initial term of the lease. Because many of the Company's leases provide for rental increases at specified intervals, straight-line basis accounting requires the Company to record a receivable, and include in revenues, unbilled rents receivable that the Company will only receive if the tenant makes all rent payments required through the expiration of the initial term of the lease. When the Company acquires a property, acquisition date is considered to be the commencement date for purposes of this calculation. For new leases after acquisition, the commencement date is considered to be the date the tenant takes control of the space. For lease modifications, the commencement date is considered to be the date the lease is executed. The Company defers the revenue related to lease payments received from tenants in advance of their due dates. The Company owns certain properties with leases that include provisions for the tenant to pay contingent rental income based on a percent of the tenant's sales upon the achievement of certain sales thresholds or other targets which may be monthly, quarterly or annual targets. As the lessor to the aforementioned leases, the Company defers the recognition of contingent rental income, until the specified target that triggered the contingent rental income is achieved, or until such sales upon which percentage rent is based are known. Contingent rental income is included in rental income on the accompanying consolidated statements of operations and comprehensive (loss) income. The Company continually reviews receivables related to rent and unbilled rents receivable and determines collectability by taking into consideration the tenant's payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. In the event that the collectability of a receivable is in doubt, the Company records an increase in the Company's allowance for uncollectible accounts or records a direct write-off of the receivable in the Company's consolidated statements of operations and comprehensive (loss) income. Cost recoveries from tenants are included in operating expense reimbursements on the accompanying consolidated statements of operations and comprehensive (loss) income in the period the related costs are incurred, as applicable.
Offering and Related Costs	Offering and Related Costs Offering and related costs included all expenses incurred in connection with the Company's IPO. Some offering costs (other than selling commissions and the dealer manager fee) of the Company were paid by the Advisor, the Former Dealer Manager or their affiliates on behalf of the Company. These costs included but were not limited to (i) legal, accounting, printing, mailing, and filing fees; (ii) escrow related fees; (iii) reimbursement of the Former Dealer Manager for amounts it paid to reimburse the itemized and detailed due diligence expenses of broker-dealers; and (iv) reimbursement to the Advisor for the costs of its employees and other costs in connection with preparing supplemental sales materials and related offering activities. The Company is obligated to reimburse the Advisor or its affiliates, as applicable, for organization and offering costs paid by them on behalf of the Company, provided that the Advisor is obligated to reimburse the Company to the extent organization and offering costs (excluding selling commissions and the dealer manager fee) incurred by the Company in its offering exceed 2.0% of gross offering proceeds. As a result, these costs were only a liability of the Company to the extent selling commissions, the dealer manager fees and other organization and offering costs did not exceed 12.0% of the gross proceeds determined at the end of the IPO. As of the end of the IPO, offering costs were less than 12.0% of the gross proceeds received in the IPO (See Note 12 — Related Party Transactions and Arrangements ).
Share-Based Compensation	Share-Based Compensation The Company has a stock-based award plan, which is accounted for under the guidance for share based payments. The expense for such awards is included in general and administrative expenses and is recognized in accordance with the service period required or when the requirements for exercise of the award have been met (See Note 14 — Share-Based Compensation ).
Income Taxes	Income Taxes The Company elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the "Code"), commencing with the taxable year ended December 31, 2013. The Company believes that, commencing with such taxable year, it has been organized and has operated in a manner so that it qualifies for taxation as a REIT under the Code. The Company intends to continue to operate in such a manner, but no assurance can be given that the Company will operate in a manner so as to remain qualified as a REIT. In order to continue to qualify for taxation as a REIT, the Company must distribute annually at least 90% of its REIT taxable income (which does not equal net income as calculated in accordance with GAAP), determined without regard for the deduction for dividends paid and excluding net capital gains, and must comply with a number of other organizational and operational requirements. If the Company continues to qualify for taxation as a REIT, it generally will not be subject to federal corporate income tax on that portion of its REIT taxable income that it distributes to its stockholders. Even if the Company qualifies for taxation as a REIT, it may be subject to certain state and local taxes on its income and properties, as well as federal income and excise taxes on its undistributed income. The amount of distributions payable to the Company's stockholders is determined by the board of directors and is dependent on a number of factors, including funds available for distribution, financial condition, capital expenditure requirements, as applicable, and annual distribution requirements needed to qualify and maintain the Company's status as a REIT under the Code.
Per Share Data	Per Share Data Basic net income (loss) per share of common stock is calculated by dividing net income (loss) by the weighted-average number of shares of common stock issued and outstanding during such period. Diluted net income (loss) per share of common stock considers the effect of potentially dilutive instruments outstanding during such period.
Recently Adopted and Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements In February 2015, the Financial Accounting Standards Board ("FASB") amended the accounting for consolidation of certain legal entities. The amendments modify the evaluation of whether certain legal entities are VIEs or voting interest entities, eliminate the presumption that a general partner should consolidate a limited partnership and affect the consolidation analysis of reporting entities that are involved with VIEs (particularly those that have fee arrangements and related party relationships). The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption was permitted, including adoption in an interim period. The Company elected to adopt this guidance effective January 1, 2016. The Company has evaluated the impact of the adoption of the new guidance on its consolidated financial statements and has determined the OP is considered a VIE. However, the Company meets the disclosure exemption criteria as the Company is the primary beneficiary of the VIE and the Company's partnership interest is considered a majority voting interest in a business and the assets of the OP can be used for purposes other than settling its obligations, such as paying distributions. As such, the new guidance did not have a material impact on the Company's consolidated financial statements. In April 2015, the FASB amended the presentation of debt issuance costs on the balance sheet. The amendments require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. In August 2015, the FASB added that, for line of credit arrangements, the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line, regardless of whether or not there are any outstanding borrowings. The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption was permitted for financial statements that have not previously been issued. The Company elected to adopt this guidance effective January 1, 2016. As a result, the Company reclassified $15.5 million and $20.1 million of deferred issuance costs related to the Company's mortgage notes payable from deferred costs, net to mortgage notes payable in the Company's consolidated balance sheets as of December 31, 2016 and December 31, 2015 , respectively. In March 2016, the FASB issued an update that changes the accounting for certain aspects of share-based compensation. Among other things, the revised guidance allows companies to make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest or account for forfeitures when they occur. The revised guidance is effective for reporting periods beginning after December 15, 2016. Early adoption is permitted. The Company has adopted the provisions of this guidance beginning January 1, 2016, electing to account for forfeitures when they occur, and determined that there is no impact to the Company’s consolidated financial position, results of operations and cash flows. Recently Issued Accounting Pronouncements In May 2014, the FASB issued revised guidance relating to revenue recognition. Under the revised guidance, an entity is required to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The revised guidance was to become effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption was not permitted under GAAP. In July 2015, the FASB deferred the effective date of the revised guidance by one year to annual reporting periods beginning after December 15, 2017, although entities will be allowed to early adopt the guidance as of the original effective date. The Company is evaluating the impact of the implementation of this guidance, including performing a preliminary review of all revenue streams to identify any differences in the timing, measurement or presentation of revenue recognition. The Company is continuing to evaluate the allowable methods of adoption. In January 2016, the FASB issued an update that amends the recognition and measurement of financial instruments. The new guidance revises an entity's accounting related to equity investments and the presentation of certain fair value changes for financial liabilities measured at fair value. Among other things, it also amends the presentation and disclosure requirements associated with the fair value of financial instruments. The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is not permitted for most of the amendments in the update. The Company is currently evaluating the impact of the new guidance. In February 2016, the FASB issued an update which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both l essees and lessors. The new guidance requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase of the leased asset by the lessee. This classification will determine whether the lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. The revised guidance supersedes previous leasing standards and is effective for reporting periods beginning after December 15, 2018. Early adoption is permitted. The Company has begun developing an inventory of all leases as well as identifying any non-lease components in our lease arrangements. The Company is continuing to evaluate the impact of this new guidance. In March 2016, the FASB issued guidance which requires an entity to determine whether the nature of its promise to provide goods or services to a customer is performed in a principal or agent capacity and to recognize revenue in a gross or net manner based on its principal/agent designation. This guidance is effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is permitted. The Company is currently evaluating the impact of this new guidance. In June 2016, the FASB issued guidance that changes how entities measure credit losses for financial assets carried at amortized cost. The update eliminates the requirement that a credit loss must be probable before it can be recognized and instead requires an entity to recognize the current estimate of all expected credit losses. Additionally, the update requires credit losses on available-for-sale debt securities to be carried as an allowance rather than as a direct write-down of the asset. The amendments become effective for reporting periods beginning after December 15, 2019. The amendments may be adopted early for reporting periods beginning after December 15, 2018. The company is currently evaluating the impact of this new guidance. In August 2016, the FASB issued guidance on how certain transactions should be classified and presented in the statement of cash flows as either operating, investing or financing activities. Among other things, the update provides specific guidance on where to classify debt prepayment and extinguishment costs, payments for contingent consideration made after a business combination and distributions received from equity method investments. The revised guidance is effective for reporting periods beginning after December 15, 2017. Early adoption is permitted. The Company is currently evaluating the impact of this new guidance. In October 2016, the FASB issued guidance relating to interest held through related parties that are under common control, where a reporting entity will need to evaluate if it should consolidate a VIE. The amendments change the evaluation of whether a reporting entity is the primary beneficiary of a VIE by changing how a single decision maker of a VIE treats indirect interests in the entity held through related parties that are under common control with the reporting entity. The revised guidance is effective for reporting periods beginning after December 15, 2016. Early adoption is permitted. The Company is currently evaluating the impact of this new guidance. In November 2016, the FASB issued guidance on the classification of restricted cash in the statement of cash flows. The amendment requires restricted cash to be included in the beginning-of-period and end-of-period total cash amounts. Therefore, transfers between cash and restricted cash will no longer be shown on the statement of cash flows. The guidance is effective for reporting periods beginning after December 15, 2017. Early adoption is permitted. The Company is currently evaluating the impact of this new guidance. In January 2017, the FASB issued guidance that revises the definition of a business. This new guidance is applicable when evaluating whether an acquisition should be treated as either a business acquisition or an asset acquisition. Under the revised guidance, when substantially all of the fair value of gross assets acquired is concentrated in a single asset or group of similar assets, the assets acquired would not be considered a business. The revised guidance is effective for reporting periods beginning after December 15, 2017, and the amendments will be applied prospectively. Early application is permitted only for transactions that have not previously been reported in issued financial statements. The Company has assessed this revised guidance and expects, based on historical property acquisitions, for future properties acquired to qualify as an asset acquisition rather than a business acquisition, which would result in the capitalization of related transaction costs. The Company has not adopted this guidance as of December 31, 2016 .

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Summary of Distributions	The following table details from a tax perspective, the portion of distributions classified as return of capital, ordinary dividend income and capital gain, per share per annum, for the years ended December 31, 2016 , 2015 and 2014 : Year Ended December 31, 2016 2015 2014 Return of capital 76.0 % $ 1.25 89.9 % $ 1.48 55.5 % $ 0.91 Ordinary dividend income 24.0 % 0.40 10.1 % 0.17 44.2 % 0.73 Capital gain — % — — % — 0.3 % 0.01 Total 100.0 % $ 1.65 100.0 % $ 1.65 100.0 % $ 1.65

Real Estate Investments (Tables

Real Estate Investments (Tables)	12 Months Ended
	Dec. 31, 2016
Real Estate Investments, Net [Abstract]
Purchase Price of Acquired Properties	The following table presents the allocation of assets acquired and liabilities assumed during the years ended December 31, 2016 and 2014 . No properties were acquired during the year ended December 31, 2015 . (Dollar amounts in thousands) Year Ended December 31, 2016 Year Ended December 31, 2014 Real estate investments, at cost: Land $ 1,729 $ 210,379 Buildings, fixtures and improvements 29,664 672,121 Total tangible assets 31,393 882,500 Acquired intangibles: In-place leases (1) 3,162 175,152 Above-market lease assets (1) 548 13,403 Above-market ground lease liability (1) (85 ) — Below-market lease liabilities (1) (774 ) (19,692 ) Total intangible assets, net 2,851 168,863 Mortgage notes payable assumed — (462,238 ) Premiums on mortgage notes payable assumed — (27,862 ) Deposits paid in prior periods — (33,035 ) Cash paid for acquired real estate investments $ 34,244 $ 528,228 Number of properties purchased 4 224 _____________________________________ (1) Weighted-average remaining amortization periods for in-place leases, above-market lease assets, above-market ground lease liability and below-market lease liabilities acquired during the year ended December 31, 2016 were 9.5 years , 9.6 years , 48.6 years and 9.5 years , respectively, as of each property's respective acquisition date.
Schedule of Intangible Assets and Goodwill	Total acquired intangible lease assets and liabilities consist of the following as of the dates presented: December 31, 2016 December 31, 2015 (In thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Intangible assets: In-place leases $ 286,548 $ 95,547 $ 191,001 $ 305,245 $ 68,278 $ 236,967 Above-market leases 13,581 8,106 5,475 13,783 5,555 8,228 Total acquired intangible lease assets $ 300,129 $ 103,653 $ 196,476 $ 319,028 $ 73,833 $ 245,195 Intangible liabilities: Above-market ground lease liability $ 85 $ 1 $ 84 $ — $ — $ — Below-market lease liabilities 18,443 4,612 13,831 20,623 2,490 18,133 Total acquired intangible lease liabilities $ 18,528 $ 4,613 $ 13,915 $ 20,623 $ 2,490 $ 18,133
Finite-lived Intangible Assets Amortization Expense	The following table provides the projected amortization expense and adjustments to revenue and property operating expense for intangible assets and liabilities for the next five years: (In thousands) 2017 2018 2019 2020 2021 In-place leases $ 31,788 $ 22,598 $ 22,581 $ 20,964 $ 19,718 Total to be added to depreciation and amortization $ 31,788 $ 22,598 $ 22,581 $ 20,964 $ 19,718 Above-market leases $ (2,815 ) $ (526 ) $ (526 ) $ (526 ) $ (526 ) Below-market lease liabilities 2,332 963 963 963 963 Total to be added to rental income $ (483 ) $ 437 $ 437 $ 437 $ 437 Above-market ground lease liability $ (2 ) $ (2 ) $ (2 ) $ (2 ) $ (2 ) Total to be deducted from property operating expense $ (2 ) $ (2 ) $ (2 ) $ (2 ) $ (2 ) The following table presents amortization expense and adjustments to revenue and property operating expense for intangible assets and liabilities for the years ended December 31, 2016 , 2015 and 2014 : Year Ended December 31, (In thousands) 2016 2015 2014 In-place leases $ 34,247 $ 34,600 $ 30,808 Total added to depreciation and amortization $ 34,247 $ 34,600 $ 30,808 Above-market leases $ (2,943 ) $ (3,006 ) $ (2,549 ) Below-market lease liabilities 2,465 1,340 1,128 Total deducted from rental income $ (478 ) $ (1,666 ) $ (1,421 ) Above-market ground lease liability $ (1 ) $ — $ — Total deducted from property operating expense $ (1 ) $ — $ —
Business Acquisition, Pro Forma Information	The following table presents unaudited pro forma information as if the acquisitions during the year ended December 31, 2016 had been consummated on January 1, 2015 : Year Ended December 31, (In thousands, except per share data) 2016 (1) 2015 Pro forma revenues $ 178,057 $ 177,352 Pro forma net loss $ (54,129 ) $ (19,902 ) Basic and diluted pro forma net loss per share $ (0.83 ) $ (0.30 ) _____________________ (1) For the year ended December 31, 2016 , aggregate revenues and net income derived from the Company's 2016 acquisitions (for the Company's period of ownership) were $2.5 million and $1.1 million , respectively.
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 2017 $ 159,895 2018 153,841 2019 155,931 2020 150,760 2021 149,425 Thereafter 763,420 $ 1,533,272
Schedule of Annualized Rental Income by Major Tenants	The following table lists the tenants (including, for this purpose, all affiliates of such tenants) from which the Company derives annualized rental income on a straight-line basis constituting 10.0% or more of the Company's consolidated annualized rental income on a straight-line basis for all portfolio properties as of the dates indicated: December 31, Tenant 2016 2015 SunTrust Bank 17.7% 17.9% Sanofi US 11.4% 11.6% C&S Wholesale Grocer 10.2% 10.4%
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 each represented 10.0% or greater of consolidated annualized rental income on a straight-line basis as of December 31, 2016 and 2015 : December 31, State 2016 2015 New Jersey 20.0% 20.3% Georgia 11.0% 11.2%
Summary of Assets Held-for-Sale	The following table details the major classes of assets associated with the properties that have been reclassified as held for sale as of December 31, 2016 . There were no properties held for sale as of December 31, 2015 : (Dollar amounts in thousands) Year Ended December 31, 2016 Real estate investments held for sale, at cost: Land $ 7,225 Buildings, fixtures and improvements 142,798 Acquired intangible lease assets 18,145 Total real estate assets held for sale, at cost 168,168 Less accumulated depreciation and amortization (29,213 ) Total real estate investments held for sale, net 138,955 Impairment charges related to properties reclassified as held for sale (1,353 ) Assets held for sale $ 137,602

Commercial Mortgage Loans (Tabl

Commercial Mortgage Loans (Tables)	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Composition and Summary of Loan Portfolio	The following table is a summary of the Company's commercial loan portfolio: December 31, 2016 December 31, 2015 Loan Type Property Type Par Value Percentage Par Value Percentage (In thousands) (In thousands) Senior Student Housing — Multifamily $ 17,200 100 % $ 17,200 21.6 % Senior Retail — — % 18,150 (1) 22.7 % Senior Hospitality — — % 44,500 (1) 55.7 % $ 17,200 100.0 % $ 79,850 100.0 % _____________________________________ (1) These loans were classified as held for sale as of December 31, 2015 and were sold during the year ended December 31, 2016 for $56.9 million . The Company recognized a loss of $5.5 million on its commercial mortgage loans held for sale during the year ended December 31, 2015 . For the year ended December 31, 2016 , the activity in the Company's commercial mortgage loans, held for investment, was as follows: (In thousands) Year Ended December 31, 2016 December 31, 2015 Beginning balance $ 17,135 $ — Originations — 79,410 Reclassifications to assets held for sale — (56,884 ) Loss on assets held for sale — (5,476 ) Discount accretion and premium amortization (1) 40 85 Ending balance $ 17,175 $ 17,135 _____________________________________ (1) Includes amortization of capitalized origination fees and expenses.
Summary of Credit Characteristics	As part of the Company's process for monitoring the credit quality of its loans, it performs a quarterly loan portfolio assessment and assigns risk ratings to each of its performing loans. The loans are scored on a scale of 1 to 5 as follows: Investment Rating Summary Description 1 Investment exceeding fundamental performance expectations and/or capital gain expected. Trends and risk factors since time of investment are favorable. 2 Performing consistent with expectations and a full return of principal and interest expected. Trends and risk factors are neutral to favorable. 3 Performing investments requiring closer monitoring. Trends and risk factors show some deterioration. 4 Underperforming investment with some loss of interest expected but still expecting a positive return on investment. Trends and risk factors are negative. 5 Underperforming investment with expected loss of interest and some principal.

Commercial Mortgage-Backed Se30

Commercial Mortgage-Backed Securities (Tables)	12 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Summary of Mortgage-Backed Securities	The following table details the realized loss on commercial mortgage-backed securities ("CMBS") sold during the year ended December 31, 2015 . No CMBS were acquired or sold during the years ended December 31, 2016 or 2014 : (In thousands) Amortized Cost Sale Price Realized Loss Year Ended December 31, 2015 $ 30,209 $ 28,624 $ 1,585

Other Real Estate Securities (T

Other Real Estate Securities (Tables)	12 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of Realized Gain (Loss)	The following table details the realized gains on sale of the Company's other real estate securities, which consisted of redeemable preferred stock, during the years ended December 31, 2015 and 2014 . There were no other real estate securities sold during the year ended December 31, 2016 : (In thousands) Aggregate Cost Basis Sale Price Realized Gain, Net Year Ended December 31, 2015 $ 18,528 $ 19,266 $ 738 Year Ended December 31, 2014 $ 47,020 $ 47,317 $ 297

Mortgage Notes Payable (Tables)

Mortgage Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The Company's mortgage notes payable as of December 31, 2016 and 2015 consisted of the following: Outstanding Loan Amount as of Effective Interest Rate as of December 31, December 31, Portfolio Encumbered Properties 2016 2015 2016 2015 Interest Rate Maturity Anticipated Repayment (In thousands) (In thousands) SAAB Sensis I 1 $ 7,841 $ 8,190 5.93 % 6.01 % Fixed Apr. 2025 Apr. 2025 SunTrust Bank II 30 25,000 25,000 5.50 % 5.50 % Fixed Jul. 2031 Jul. 2021 C&S Wholesale Grocer I 4 82,313 82,313 5.48 % 5.56 % Fixed Apr. 2037 Apr. 2017 SunTrust Bank III 112 88,567 99,677 5.50 % 5.50 % Fixed Jul. 2031 Jul. 2021 SunTrust Bank IV 27 21,243 25,000 5.50 % 5.50 % Fixed Jul. 2031 Jul. 2021 Sanofi US I 1 125,000 125,000 5.16 % 5.16 % Fixed Jul. 2026 Jan. 2021 Stop & Shop I 4 38,271 38,936 5.63 % 5.63 % Fixed Jun. 2041 Jun. 2021 Multi-Tenant Mortgage Loan 268 649,532 649,532 4.36 % 4.36 % Fixed Sep. 2020 Sep. 2020 Gross mortgage notes payable 447 1,037,767 1,053,648 4.75 % (1) 4.77 % (1) Deferred financing costs, net of accumulated amortization (15,492 ) (20,066 ) Mortgage notes payable, net of deferred financing costs $ 1,022,275 $ 1,033,582 _____________________________________ (1) Calculated on a weighted-average basis for all mortgages outstanding as of the dates indicated.
Schedule of Maturities of Long-term Debt	The following table summarizes the scheduled aggregate principal payments on mortgage notes payable based on stated maturity dates for the five years subsequent to December 31, 2016 and thereafter: (In thousands) Future Principal Payments 2017 $ 1,080 2018 1,143 2019 1,211 2020 650,808 2021 910 Thereafter 382,615 $ 1,037,767

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value, Liabilities Measured on Recurring Basis	The following table presents information about the Company's assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2016 and 2015 , aggregated by the level in the fair value hierarchy within which those instruments fall. There were no financial instruments measured at fair value on a recurring basis as of December 31, 2016 or 2015 : (In thousands) Quoted Prices in Active Markets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Total December 31, 2016 Impaired real estate investments held for sale $ — $ 961 $ — $ 961 Impaired real estate investments held for use — 6,525 45,032 51,557 Total $ — $ 7,486 $ 45,032 $ 52,518 December 31, 2015 Commercial mortgage loans held for sale $ — $ 56,884 $ — $ 56,884
Fair Value, by Balance Sheet Grouping	The fair values of the Company's remaining financial instruments that are not reported at fair value on the consolidated balance sheets as of December 31, 2016 and 2015 are reported in the following table: Carrying Amount at Fair Value at Carrying Amount at Fair Value at (In thousands) Level December 31, 2016 December 31, 2016 December 31, 2015 December 31, 2015 Commercial mortgage loan, held for investment 3 $ 17,175 $ 17,200 $ 17,135 $ 17,200 Gross mortgage notes payable and mortgage premiums, net 3 $ 1,048,448 $ 1,076,065 $ 1,068,540 $ 1,103,352

Common Stock (Tables)

Common Stock (Tables)	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Schedule of Treasury Stock by Class	The following table summarizes the repurchases of shares under the SRP cumulatively through December 31, 2016 : Number of Shares Weighted-Average Price per Share Cumulative repurchases as of December 31, 2013 8,082 $ 24.98 Year ended December 31, 2014 295,825 23.99 Year ended December 31, 2015 1,769,738 24.13 Year ended December 31, 2016 7,854 24.17 Cumulative repurchases as of December 31, 2016 2,081,499 $ 24.12

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Master Leases	The Company entered into ground lease agreements related to certain acquisitions under leasehold interest arrangements. The following table reflects the minimum base cash rental payments due from the Company over the next five years and thereafter: (In thousands) Future Minimum Base Rent Payments 2017 $ 921 2018 903 2019 902 2020 674 2021 345 Thereafter 4,630 $ 8,375
Contractual Obligation, Fiscal Year Maturity Schedule	The following table reflects the expiration of these commitments over the next five years and thereafter: (In thousands) Funding Expiration 2017 $ 2,450 (1) 2018 — 2019 — 2020 — 2021 — Thereafter — $ 2,450 _____________________________________ (1) This commitment expired in February 2017 with no funding provided by the Company.

Related Party Transactions an36

Related Party Transactions and Arrangements (Tables)	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Schedule of Amount Contractually Due and Forgiven in Connection With Operation Related Services	The following table details amounts incurred and payable to related parties in connection with the operations-related services described above as of and for the periods presented: Year Ended December 31, Payable as of December 31, (In thousands) 2016 2015 2014 2016 2015 One-time fees and reimbursements: Acquisition fees and related cost reimbursements (1) $ — $ 1,330 $ 10,578 $ — $ — Financing coordination fees — 5,850 5,678 — — Ongoing fees: Asset management fees 18,000 13,009 — — — Professional fees and other reimbursements (2) 3,104 4,020 2,364 763 541 Distributions on Class B Units (2) 1,736 1,573 602 147 — Total related party operation fees and reimbursements $ 22,840 $ 25,782 $ 19,222 $ 910 $ 541 _________________________________ (1) Acquisition fees and expenses from related parties of $0.9 million were recognized in acquisition and transaction related expense on the consolidated statement of operations and comprehensive loss for the year ended December 31, 2015 . In addition, over the same period, the Company capitalized $0.4 million of acquisition expenses to the Company's consolidated balance sheet, which are amortized over the life of each investment using the effective interest method. No acquisition expenses were capitalized during the years ended December 31, 2016 and 2014 . (2) These costs are included in general and administrative expense on the consolidated statements of operations and comprehensive loss.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Activity	The following table reflects restricted share award activity for the years ended December 31, 2016 , 2015 and 2014 : Number of Shares of Common Stock Weighted-Average Issue Price Unvested, December 31, 2013 4,000 $ 22.50 Granted 3,999 22.50 Vested (800 ) 22.50 Forfeited (2,400 ) 22.50 Unvested, December 31, 2014 4,799 22.50 Granted 6,240 24.04 Vested (1,067 ) 22.50 Forfeited (2,517 ) 23.83 Unvested, December 31, 2015 7,455 23.34 Granted 3,723 24.17 Vested (1,811 ) 23.19 Unvested, December 31, 2016 9,367 $ 23.70

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the basic and diluted net loss per share computations for the years ended December 31, 2016 , 2015 and 2014 : Year Ended December 31, 2016 2015 2014 Basic and diluted net loss (in thousands) $ (54,255 ) $ (21,117 ) $ (1,997 ) Basic and diluted weighted-average shares outstanding 65,450,432 66,028,245 64,333,260 Basic and diluted net loss per share $ (0.83 ) $ (0.32 ) $ (0.03 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The Company had the following common share equivalents on a weighted-average basis that were excluded from the calculation of diluted net loss per share as their effect would have been antidilutive for the periods presented: December 31, 2016 2015 2014 Unvested restricted stock (1) 7,985 6,349 5,221 OP Units 90 90 90 Class B Units (2) 1,052,420 953,086 364,786 Total weighted-average antidilutive common stock equivalents 1,060,495 959,525 370,097 _____________________ (1) Weighted-average number of shares of unvested restricted stock outstanding for the periods presented. There were 9,367 , 7,455 and 4,799 shares of unvested restricted stock outstanding as of December 31, 2016 , 2015 and 2014 , respectively. (2) Weighted-average number of issued and unvested Class B Units outstanding for the periods presented. As of December 31, 2016 , 2015 and 2014 , there were 1,052,420 , 1,052,420 and 703,796 Class B Units outstanding, respectively.

Quarterly Results (Unaudited) (

Quarterly Results (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2016 , 2015 and 2014 : Quarters Ended (In thousands, except share and per share amounts) March 31, 2016 June 30, 2016 September 30, 2016 December 31, 2016 Total revenues $ 43,786 $ 44,277 $ 44,758 $ 44,847 Basic and diluted net loss $ (5,854 ) $ (4,077 ) $ (8,729 ) $ (35,595 ) Basic and diluted weighted-average shares outstanding 64,955,420 65,301,764 65,741,735 65,795,812 Basic and diluted net loss per share $ (0.09 ) $ (0.06 ) $ (0.13 ) $ (0.54 ) Quarters Ended (In thousands, except share and per share amounts) March 31, 2015 June 30, 2015 September 30, 2015 December 31, 2015 Total revenues $ 42,866 $ 43,269 $ 44,051 $ 44,312 Basic net income (loss) $ 4,901 $ (1,624 ) $ (11,428 ) $ (12,966 ) Adjustments to net income (loss) for common share equivalents (116 ) — — — Diluted net income (loss) $ 4,785 $ (1,624 ) $ (11,428 ) $ (12,966 ) Basic weighted-average shares outstanding 65,672,016 66,045,785 66,450,057 65,937,566 Basic net income (loss) per share $ 0.07 $ (0.02 ) $ (0.17 ) $ (0.20 ) Diluted weighted-average shares outstanding 65,677,204 66,045,785 66,450,057 65,937,566 Diluted net income (loss) per share $ 0.07 $ (0.02 ) $ (0.17 ) $ (0.20 ) Quarters Ended (1) (In thousands, except share and per share amounts) March 31, 2014 June 30, 2014 September 30, 2014 December 31, 2014 Total revenues $ 30,124 $ 42,076 $ 43,222 $ 42,958 Basic net (loss) income $ (9,569 ) $ 1,127 $ 1,610 $ 4,835 Adjustments to net (loss) income for common share equivalents — (156 ) (98 ) (92 ) Diluted net income (loss) $ (9,569 ) $ 971 $ 1,512 $ 4,743 Basic weighted-average shares outstanding 62,693,554 64,018,318 64,654,279 65,243,247 Basic net (loss) income per share $ (0.15 ) $ 0.02 $ 0.02 $ 0.07 Diluted weighted-average shares outstanding 62,693,554 64,023,762 64,661,074 65,248,137 Diluted net (loss) income per share $ (0.15 ) $ 0.02 $ 0.02 $ 0.07 ______________________________ (1) The aforementioned unaudited quarterly financial information has been revised to reflect certain adjustments and final purchase price allocations to previously reported quarterly information associated with acquisitions completed during 2014. As a result, amortization and accretion of above-market lease assets and below-market lease liabilities decreased total revenue by $0.1 million , $0.4 million and $0.4 million for the three months ended March 31, June 30 and September 30, 2014, respectively. Additionally, the Company decreased depreciation and amortization expense by $1.2 million , $3.4 million and $3.7 million , for the three months ended March 31, June 30 and September 30, 2014, respectively.

Organization (Details)

Organization (Details) $ / shares in Units, $ in Thousands, ft² in Millions	12 Months Ended			47 Months Ended
	Dec. 31, 2016USD ($)ft²property$ / sharesshares	Dec. 31, 2015USD ($)$ / sharesshares	Dec. 31, 2014USD ($)	Dec. 31, 2016USD ($)ft²property$ / sharesshares	Sep. 06, 2016$ / shares	Apr. 04, 2013$ / sharesshares
Class of Stock [Line Items]
Number of real estate properties | property	455			455
Purchase price | $	$ 2,200,000			$ 2,200,000
Area of real estate property | ft²	13.3			13.3
Percentage of property leased	100.00%			100.00%
Common stock, par value (in dollars per share) | $ / shares	$ 0.01	$ 0.01		$ 0.01	$ 0.01	$ 0.01
Common stock, outstanding | shares	65,805,184	64,961,256		65,805,184
Proceeds from issuances of common stock | $	$ 0	$ 0	$ 127	$ 1,600,000
Common Stock [Member]
Class of Stock [Line Items]
Shares available for issuance in IPO (in shares) | shares						68,000,000
Share Price (in dollars per share) | $ / shares						$ 25

Completed Mergers and Signifi41

Completed Mergers and Significant Disposals (Narrative) (Details) $ / shares in Units, shares in Millions, $ in Millions	Jan. 31, 2017USD ($)property	Sep. 06, 2016USD ($)$ / shares	Mar. 15, 2017USD ($)shares	Dec. 31, 2016$ / shares	Dec. 31, 2015$ / shares	Apr. 04, 2013$ / shares
Business Acquisition [Line Items]
Common stock, par value | $ / shares		$ 0.01		$ 0.01	$ 0.01	$ 0.01
American Realty Capital - Retail Centers of America, Inc. [Member]
Business Acquisition [Line Items]
Share conversion ratio		0.385
Share price (in usd per share) | $ / shares		$ 0.95
American Realty Capital - Retail Centers of America, Inc. [Member] | Subsequent Event [Member]
Business Acquisition [Line Items]
Stock issued in acquisition (in shares) | shares			38.2
Cash consideration			$ 94.3
Payments for redemption of OP units			$ 2.8
OP [Member] | Loan Facility [Member] | American Realty Capital - Retail Centers of America, Inc. [Member]
Business Acquisition [Line Items]
Line of credit		$ 360
Limited partner interests in acquiree OP converted to acquirer OP units [Member] | American Realty Capital - Retail Centers of America, Inc. [Member]
Business Acquisition [Line Items]
Share conversion ratio		0.424
OP and GP units of acquiree converted to acquirer OP units [Member] | American Realty Capital - Retail Centers of America, Inc. [Member]
Business Acquisition [Line Items]
Share conversion ratio		0.385
RCA Common Stock [Member] | American Realty Capital - Retail Centers of America, Inc. [Member]
Business Acquisition [Line Items]
Common stock, par value | $ / shares		$ 0.01
Merrill Lynch Properties [Member] | Subsequent Event [Member]
Business Acquisition [Line Items]
Properties sold | property	3
Purchase price	$ 148

Summary of Significant Accoun42

Summary of Significant Accounting Policies (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)segment	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Class of Stock [Line Items]
Number of reportable segments | segment	1
Buildings, useful life	40 years
Fixtures, useful life	5 years
Land improvements, useful life	15 years
Cash and cash equivalents	$ 131,215	$ 130,500	$ 74,760	$ 101,176
Cash in excess of FDIC limit	$ 130,700	129,700
Maximum [Member]
Class of Stock [Line Items]
Liability for offering and related costs from IPO	2.00%
Liability for gross IPO, costs, percentage of gross proceeds	12.00%
Deferred Costs [Member] | Accounting Standards Update 2015-03 [Member]
Class of Stock [Line Items]
Deferred financing costs, net of accumulated amortization	$ 15,500	20,100
Mortgage Notes Payable [Member] | Accounting Standards Update 2015-03 [Member]
Class of Stock [Line Items]
Deferred financing costs, net of accumulated amortization	$ (15,500)	$ (20,100)

Summary of Significant Accoun43

Summary of Significant Accounting Policies (Summary of Distributions) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Dividends Payable [Line Items]
Dividends (in usd per share)	$ 1.65	$ 1.65	$ 1.65
Dividends, percent	100.00%	100.00%	100.00%
Return of Capital [Member]
Dividends Payable [Line Items]
Dividends (in usd per share)	$ 1.254	$ 1.48	$ 0.91
Dividends, percent	76.00%	89.90%	55.50%
Ordinary Dividend Income [Member]
Dividends Payable [Line Items]
Dividends (in usd per share)	$ 0.396	$ 0.17	$ 0.73
Dividends, percent	24.00%	10.10%	44.20%
Capital Gain [Member]
Dividends Payable [Line Items]
Dividends (in usd per share)	$ 0	$ 0	$ 0.01
Dividends, percent	0.00%	0.00%	0.30%

Real Estate Investments (Narrat

Real Estate Investments (Narrative) (Details)	12 Months Ended
	Dec. 31, 2016USD ($)property	Dec. 31, 2015USD ($)property	Dec. 31, 2014USD ($)property
Property, Plant and Equipment [Line Items]
Number of real estate properties | property	455
Number of properties sold | property		0	0
Impairment charges	$ 27,299,000	$ 0	$ 0
Gain on sale of real estate investments	$ 454,000	0	0
Impairment of real estate properties		$ 0	$ 0
SunTrust Banks [Member]
Property, Plant and Equipment [Line Items]
Number of real estate properties | property	57
Number of properties sold | property	12
Sales of real estate	$ 30,200,000
Impairment charges	1,300,000
Gain on sale of real estate investments	$ 500,000
Number of real estate properties impaired | property	43
Impairment of real estate properties	$ 24,700,000
Number of real estate properties not impaired | property	14
Merrill Lynch Properties [Member]
Property, Plant and Equipment [Line Items]
Impairment charges	$ 0
Sylva, NC and Landover, MD [Member] | SunTrust Banks [Member]
Property, Plant and Equipment [Line Items]
Sales of real estate	1,000,000
Impairment charges	$ 1,400,000

Real Estate Investments (Schedu

Real Estate Investments (Schedule of Assets Acquired and Liabilities Assumed) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)property	Dec. 31, 2014USD ($)property
Property, Plant and Equipment [Line Items]
Land	$ 1,729	$ 210,379
Buildings, fixtures and improvements	29,664	672,121
Total tangible assets	31,393	882,500
Acquired intangibles	2,851	168,863
Above-market ground lease liability	(85)	0
Below-market lease liabilities	(774)	(19,692)
Mortgage notes payable assumed	0	(462,238)
Premium on mortgage assumed	0	(27,862)
Deposits paid in prior periods	0	(33,035)
Cash paid for acquired real estate investments, at cost	$ 34,244	$ 528,228
Number of properties purchased | property	4	224
In-place leases [Member]
Property, Plant and Equipment [Line Items]
Acquired intangibles	$ 3,162	$ 175,152
Weighted-average amortization period	9 years 5 months 18 days
Above-market lease assets [Member]
Property, Plant and Equipment [Line Items]
Acquired intangibles	$ 548	$ 13,403
Weighted-average amortization period	9 years 7 months
Above-market ground lease liability [Member]
Property, Plant and Equipment [Line Items]
Weighted-average amortization period	48 years 7 months
Below market leases liabilities [Member]
Property, Plant and Equipment [Line Items]
Weighted-average amortization period	9 years 6 months 6 days

Real Estate Investments (Acquir

Real Estate Investments (Acquired Leases) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 300,129	$ 319,028
Finite-lived intangible assets, accumulated amortization	103,653	73,833
Intangible assets, net	196,476	245,195
Finite-lived intangible liabilities, gross	18,528	20,623
Finite-lived intangible liabilities, accumulated amortization	4,613	2,490
Intangible liabilities, net	13,915	18,133
Below market lease, gross	18,443	20,623
Below market lease, accumulated amortization	4,612	2,490
Below market lease, net	13,831	18,133
In-place leases [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	286,548	305,245
Finite-lived intangible assets, accumulated amortization	95,547	68,278
Intangible assets, net	191,001	236,967
Above-market leases [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	13,581	13,783
Finite-lived intangible assets, accumulated amortization	8,106	5,555
Intangible assets, net	5,475	8,228
Above-market ground lease liability [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible liabilities, gross	85	0
Finite-lived intangible liabilities, accumulated amortization	1	0
Intangible liabilities, net	$ 84	$ 0

Real Estate Investments (Summar

Real Estate Investments (Summary of Amortization Expense and Adjustments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Amortization of leases	$ 34,247	$ 34,600	$ 30,808
Depreciation and Amortization [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of leases	34,247	34,600	30,808
Depreciation and Amortization [Member] | In-place leases [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of leases	34,247	34,600	30,808
Rental Income [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization (accretion) of leases	(478)	(1,666)	(1,421)
Rental Income [Member] | Above-market leases [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of leases	2,943	3,006	2,549
Rental Income [Member] | Below market leases liabilities [Member]
Finite-Lived Intangible Assets [Line Items]
Accretion of leases	2,465	1,340	1,128
Property Operating Expense [Member]
Finite-Lived Intangible Assets [Line Items]
Accretion of leases	1	0	0
Property Operating Expense [Member] | Above-market ground lease liability [Member]
Finite-Lived Intangible Assets [Line Items]
Accretion of leases	$ 1	$ 0	$ 0

Real Estate Investments (Lease

Real Estate Investments (Lease Amortization) (Details) $ in Thousands	Dec. 31, 2016USD ($)
Depreciation and Amortization [Member]
Finite-Lived Intangible Assets [Line Items]
2,017	$ 31,788
2,018	22,581
2,019	20,964
2,020	19,718
2,021	22,598
Rental Income [Member]
Finite-Lived Intangible Assets [Line Items]
2,017	483
Below market leases, 2018	437
Below market leases, 2019	437
Below market leases, 2020	437
Below market leases, 2021	437
Property Operating Expense [Member]
Finite-Lived Intangible Assets [Line Items]
2,017	(2)
2,018	(2)
2,019	(2)
2,020	(2)
2,021	(2)
In-place leases [Member] | Depreciation and Amortization [Member]
Finite-Lived Intangible Assets [Line Items]
2,017	31,788
2,018	22,581
2,019	20,964
2,020	19,718
2,021	22,598
Above-market leases [Member] | Rental Income [Member]
Finite-Lived Intangible Assets [Line Items]
2,017	(2,815)
2,018	(526)
2,019	(526)
2,020	(526)
2,021	(526)
Below market leases liabilities [Member] | Rental Income [Member]
Finite-Lived Intangible Assets [Line Items]
Below market leases, 2017	2,332
Below market leases, 2018	963
Below market leases, 2019	963
Below market leases, 2020	963
Below market leases, 2021	963
Above-market ground lease liability [Member] | Property Operating Expense [Member]
Finite-Lived Intangible Assets [Line Items]
2,017	(2)
2,018	(2)
2,019	(2)
2,020	(2)
2,021	$ (2)

Real Estate Investments (Pro Fo

Real Estate Investments (Pro Forma Information) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Real Estate [Abstract]
Pro forma revenues	$ 178,057	$ 177,352
Pro forma net loss	$ (54,129)	$ (19,902)
Basic and diluted pro forma net loss per share (in usd per share)	$ (0.83)	$ (0.30)
Revenue since acquisition	$ 2,500
Net income since acquisition	$ 1,100

Real Estate Investments (Sche50

Real Estate Investments (Schedule of Future Minimum Rental Payments for Operating Leases) (Details) $ in Thousands	Dec. 31, 2016USD ($)
Real Estate Investments, Net [Abstract]
2,017	$ 159,895
2,018	153,841
2,019	155,931
2,020	150,760
2,021	149,425
Thereafter	763,420
Total	$ 1,533,272

Real Estate Investments (Annual

Real Estate Investments (Annualized Rental Income by Major Tenants) (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
SunTrust Banks [Member]
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage	17.70%	17.90%
Sanofi US [Member]
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage	11.40%	11.60%
C&S Wholesale Grocer [Member]
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage	10.20%	10.40%

Real Estate Investments (Annu52

Real Estate Investments (Annualized Rental Income by Geographic Location) (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
New Jersey [Member]
Concentration Risk, Percentage	20.00%	20.30%
Georgia [Member]
Concentration Risk, Percentage	11.00%	11.20%

Real Estate Investments (Summ53

Real Estate Investments (Summary of Assets Held-for-Sale) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment charges related to properties reclassified as held for sale	$ (27,299)	$ 0	$ 0
Assets held for sale	137,602	$ 56,884
Assets Held-for-sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Land	7,225
Buildings, fixtures and improvements	142,798
Acquired intangible lease assets	18,145
Total real estate assets held for sale, at cost	168,168
Less accumulated depreciation and amortization	(29,213)
Total real estate investments held for sale, net	138,955
Impairment charges related to properties reclassified as held for sale	(1,353)
Assets held for sale	$ 137,602

Commercial Mortgage Loans (Narr

Commercial Mortgage Loans (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Receivables [Abstract]
Loss on commercial mortgage loans held for sale	$ 0	$ (5,476)	$ 0

Commercial Mortgage Loans (Comp

Commercial Mortgage Loans (Composition of Loan Portfolio) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Sales of commercial mortgage loans	$ 0	$ (5,476)	$ 0
Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Par Value	$ 17,200	$ 79,850
Percentage	100.00%	100.00%
Commercial Portfolio Segment [Member] | Student Housing - Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Par Value	$ 17,200	$ 17,200
Percentage	100.00%	21.60%
Commercial Portfolio Segment [Member] | Retail [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Par Value	$ 0	$ 18,150
Percentage	0.00%	22.70%
Commercial Portfolio Segment [Member] | Hospitality [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Par Value	$ 0	$ 44,500
Percentage	0.00%	55.70%
Commercial mortgage loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from sale of commercial mortgage-backed securities	$ 56,884	$ 0	$ 0

Commercial Mortgage Loans (Roll

Commercial Mortgage Loans (Rollforward of Loan Portfolio) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Movement in Mortgage Loans on Real Estate [Roll Forward]
Beginning balance	$ 17,135	$ 0
Originations	0	79,410
Reclassifications to assets held for sale	0	(56,884)
Loss on assets held for sale	0	(5,476)
Discount accretion and premium amortization	40	85
Ending balance	$ 17,175	$ 17,135

Commercial Mortgage-Backed Se57

Commercial Mortgage-Backed Securities (Summary of Changes in Mortgage-Backed Securities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Sale Price	$ 0	$ 19,266	$ 47,316
Realized Loss	0	$ (738)	$ (297)
Commercial mortgage-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Aggregate Cost Basis	30,209
Sale Price	28,624
Realized Loss	$ 1,585

Other Real Estate Securities (N

Other Real Estate Securities (Narrative) (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Other real estate securities	$ 0	$ 0

Other Real Estate Securities (S

Other Real Estate Securities (Summary of Realized Gains) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Sale Price	$ 0	$ 19,266	$ 47,316
Realized Gain, Net	$ 0	738	297
Other real estate securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Aggregate Cost Basis		18,528	47,020
Sale Price		19,266	47,317
Realized Gain, Net		$ 738	$ 297

Mortgage Notes Payable (Summary

Mortgage Notes Payable (Summary of Mortgage Notes Payable) (Details) $ in Thousands	Dec. 31, 2016USD ($)property	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
Outstanding Loan Amount	$ 1,037,767
Mortgage notes payable and premiums, net [Member]
Debt Instrument [Line Items]
Encumbered Properties | property	447
Outstanding Loan Amount	$ 1,037,767	$ 1,053,648
Effective Interest Rate	4.75%	4.77%
Deferred financing costs, net of accumulated amortization	$ (15,492)	$ (20,066)
Mortgage notes payable, net of deferred financing costs	$ 1,022,275	1,033,582
SAAB Sensis I [Member] | Mortgage notes payable and premiums, net [Member]
Debt Instrument [Line Items]
Encumbered Properties | property	1
Outstanding Loan Amount	$ 7,841	$ 8,190
Effective Interest Rate	5.93%	6.01%
SunTrust Bank II [Member] | Mortgage notes payable and premiums, net [Member]
Debt Instrument [Line Items]
Encumbered Properties | property	30
Outstanding Loan Amount	$ 25,000	$ 25,000
Effective Interest Rate	5.50%	5.50%
C&S Wholesale Grocer I [Member] | Mortgage notes payable and premiums, net [Member]
Debt Instrument [Line Items]
Encumbered Properties | property	4
Outstanding Loan Amount	$ 82,313	$ 82,313
Effective Interest Rate	5.48%	5.56%
SunTrust Bank III [Member] | Mortgage notes payable and premiums, net [Member]
Debt Instrument [Line Items]
Encumbered Properties | property	112
Outstanding Loan Amount	$ 88,567	$ 99,677
Effective Interest Rate	5.50%	5.50%
SunTrust Bank IV [Member] | Mortgage notes payable and premiums, net [Member]
Debt Instrument [Line Items]
Encumbered Properties | property	27
Outstanding Loan Amount	$ 21,243	$ 25,000
Effective Interest Rate	5.50%	5.50%
Stop & Shop I [Member] | Mortgage notes payable and premiums, net [Member]
Debt Instrument [Line Items]
Encumbered Properties | property	4
Outstanding Loan Amount	$ 38,271	$ 38,936
Effective Interest Rate	5.63%	5.63%
Sanofi US I - New Loan [Member] | Sanofi US I [Member] | Mortgage notes payable and premiums, net [Member]
Debt Instrument [Line Items]
Encumbered Properties | property	1
Outstanding Loan Amount	$ 125,000	$ 125,000
Effective Interest Rate	5.16%	5.16%
Multi-Tenant Mortgage Loan [Member] | Mortgage notes payable and premiums, net [Member]
Debt Instrument [Line Items]
Encumbered Properties | property	268
Outstanding Loan Amount	$ 649,532	$ 649,532
Effective Interest Rate	4.36%	4.36%

Mortgage Notes Payable (Narrati

Mortgage Notes Payable (Narrative) (Details)	12 Months Ended
	Dec. 31, 2016USD ($)property	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Aug. 30, 2015USD ($)
Debt Instrument [Line Items]
Restricted cash	$ 7,890,000	$ 7,887,000
Restricted cash released	(3,000)	$ (7,887,000)	$ 0
Mortgages [Member]
Debt Instrument [Line Items]
Collateral pledged	$ 1,900,000,000
Encumbered Properties | property	447
Mortgages [Member] | Multi-Tenant Mortgage Loan [Member]
Debt Instrument [Line Items]
Face amount				$ 655,000,000
Stated interest rate				4.30%
Encumbered Properties | property	268
Restricted cash	$ 7,900,000			$ 42,500,000
Restricted cash released	$ 34,600,000

Mortgage Notes Payable (Future

Mortgage Notes Payable (Future Minimum Payments) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Mortgage notes payable, net of deferred financing costs	$ 1,037,767
Mortgage notes payable and premiums, net [Member]
Debt Instrument [Line Items]
2,017	1,080
2,018	1,143
2,019	1,211
2,020	650,808
2,021	910
Thereafter	382,615
Mortgage notes payable, net of deferred financing costs	$ 1,037,767	$ 1,053,648

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule of Fair Value, Liabilities Measured on Recurring Basis) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired real estate investments	$ 52,518
Quoted Prices in Active Markets Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired real estate investments	0
Significant Other Observable Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired real estate investments	7,486
Significant Unobservable Inputs Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired real estate investments	45,032
Commercial mortgage loans held-for-sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities, at fair value		$ 56,884
Commercial mortgage loans held-for-sale [Member] | Quoted Prices in Active Markets Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities, at fair value		0
Commercial mortgage loans held-for-sale [Member] | Significant Other Observable Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities, at fair value		56,884
Commercial mortgage loans held-for-sale [Member] | Significant Unobservable Inputs Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities, at fair value		$ 0
Held-for-sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired real estate investments	961
Held-for-sale [Member] | Quoted Prices in Active Markets Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired real estate investments	0
Held-for-sale [Member] | Significant Other Observable Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired real estate investments	961
Held-for-sale [Member] | Significant Unobservable Inputs Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired real estate investments	0
Held-for-use [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired real estate investments	51,557
Held-for-use [Member] | Quoted Prices in Active Markets Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired real estate investments	0
Held-for-use [Member] | Significant Other Observable Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired real estate investments	6,525
Held-for-use [Member] | Significant Unobservable Inputs Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired real estate investments	$ 45,032

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value of Financial Instruments) (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Carrying Amount [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial mortgage loan, held for investment	$ 17,175	$ 17,135
Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial mortgage loan, held for investment	17,200	17,200
Mortgage notes payable and premiums, net [Member] | Carrying Amount [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	1,048,448	1,068,540
Mortgage notes payable and premiums, net [Member] | Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 1,076,065	$ 1,103,352

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details)	12 Months Ended
	Dec. 31, 2016USD ($)property	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of real estate properties	455
Impairment of real estate properties | $		$ 0	$ 0
SunTrust Banks [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of real estate properties	57
Number of real estate properties impaired	43
Impairment of real estate properties | $	$ 24,700,000

Common Stock (Narrative) (Detai

Common Stock (Narrative) (Details) - $ / shares	Apr. 09, 2013	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2013	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2016	Apr. 01, 2016	Nov. 14, 2014
Class of Stock [Line Items]
Common stock, outstanding (in shares)					65,805,184	64,961,256		65,805,184
Dividends declared per day (in dollars per share)	$ 0.00452054795		$ 0.00450819672
Dividends declared (in usd per share)	$ 1.65		$ 1.65
Maximum percent of weighted average shares outstanding eligible for repurchase, for semi-annual period					2.50%			2.50%
Maximum percent of weighted average shares outstanding eligible for repurchase, for fiscal year					5.00%			5.00%
Number of shares in unfulfilled requests (in shares)					6,800,000			6,800,000
Common stock repurchases (in shares)				8,082	7,854	1,769,738	295,825	2,081,499
Weighted-Average Price per Share (in dollars per share)				$ 24.98	$ 24.17	$ 24.13	$ 23.99	$ 24.12
Shares available for issuance under a distribution reinvestment plan (in shares)									7,700,000
Common stock issued through distribution reinvestment plan (in shares)					848,067
Common Stock [Member]
Class of Stock [Line Items]
Share price for Drip (In dollars per share)										$ 23.75
Drip Share price as a percent of IPO price										95.00%
One Year [Member]
Class of Stock [Line Items]
Share repurchase program, percentage of value of capital paid					92.50%			92.50%
Two Years [Member]
Class of Stock [Line Items]
Share repurchase program, percentage of value of capital paid					95.00%			95.00%
Three Years [Member]
Class of Stock [Line Items]
Share repurchase program, percentage of value of capital paid					97.50%			97.50%
Four Years [Member]
Class of Stock [Line Items]
Share repurchase program, percentage of value of capital paid					100.00%			100.00%
Subsequent Event [Member]
Class of Stock [Line Items]
Common stock repurchases (in shares)		800,000
Weighted-Average Price per Share (in dollars per share)		$ 23.84

Common Stock (Stock Redemption)

Common Stock (Stock Redemption) (Details) - $ / shares	11 Months Ended	12 Months Ended			47 Months Ended
	Dec. 31, 2013	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2016
Equity [Abstract]
Number of Shares (in shares)	8,082	7,854	1,769,738	295,825	2,081,499
Weighted-Average Price per Share (in dollars per share)	$ 24.98	$ 24.17	$ 24.13	$ 23.99	$ 24.12

Commitments and Contingencies68

Commitments and Contingencies (Future Minimum Ground Lease Payments) (Details) $ in Thousands	Dec. 31, 2016USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,017	$ 921
2,018	903
2,019	902
2,020	674
2,021	345
Thereafter	4,630
Total	$ 8,375

Commitments and Contingencies69

Commitments and Contingencies (Unfunded Commitments Under Commercial Mortgage Loans) (Details) $ in Thousands	Dec. 31, 2016USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,017	$ 2,450
2,018	0
2,019	0
2,020	0
2,021	0
Thereafter	0
Total	$ 2,450

Related Party Transactions an70

Related Party Transactions and Arrangements (Narrative) (Details) - American Realty Capital Trust V Special Limited Partner, LLC [Member] - Special Limited Partner [Member] - shares	Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Common stock held by related party (in shares)	8,888	8,888
OP units outstanding (in shares)	90	90

Related Party Transactions an71

Related Party Transactions and Arrangements (Fees Paid in Connection With the Operations of the Company) (Details) - USD ($)	Sep. 06, 2016	Sep. 05, 2016	Jul. 20, 2015	Apr. 29, 2015	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Apr. 15, 2015
Related Party Transaction [Line Items]
Asset management fees to related party						$ 18,000,000	$ 13,009,000	$ 0
American Realty Capital Advisors V, LLC [Member] | Contract Purchase Price [Member] | Advisor [Member]
Related Party Transaction [Line Items]
Antidilutive shares (in shares)							1,052,420		703,796
American Realty Capital Advisors V, LLC [Member] | Contract Purchase Price [Member] | Advisor [Member]
Related Party Transaction [Line Items]
Acquisition fees earned by related party percentage						1.00%
Financing advance fees earned by related party percentage						1.00%
Expected third party acquisition costs reimbursable						0.50%
Acquisition fees and acquisition related expenses						4.50%
Quarterly asset management fee earned						0.1875%
Antidilutive shares (in shares)						1,052,420
American Realty Capital Advisors V, LLC [Member] | Advance on Loan or Other Investment [Member] | Advisor [Member]
Related Party Transaction [Line Items]
Financing advance fees earned by related party percentage						4.50%
Expected third party acquisition costs reimbursable						0.50%
American Realty Capital Advisors V, LLC [Member] | Contract Purchase Price, All Assets Acquired [Member] | Advisor [Member]
Related Party Transaction [Line Items]
Acquisition fees and acquisition related expenses						1.50%
American Realty Capital Advisors V, LLC [Member] | Amount Available or Outstanding Under Financing Arrangement [Member] | Advisor [Member]
Related Party Transaction [Line Items]
Financing coordination fees earned						0.75%
Advisory Agreement [Member] | Advisor [Member]
Related Party Transaction [Line Items]
Related party transaction term				20 years
Annual Asset Management Fee as Percentage of Assets [Member] | American Realty Capital Advisors V, LLC [Member] | Advisor [Member]
Related Party Transaction [Line Items]
Annual asset management fee percentage										0.75%
Base Management Fee [Member] | Advisor [Member]
Related Party Transaction [Line Items]
Quarterly payments			$ 1,500,000
Quarterly payments, percent of net proceeds from equity financing	1.25%	0.375%	0.375%
Expenses incurred		$ 18,000,000
Annual Subordinated Performance Fee [Member] | Advisor [Member]
Related Party Transaction [Line Items]
Percent of earnings in excess of benchmark one			15.00%
Earnings per share used in calculation, benchmark one			$ 0.375
Percent of earnings in excess of benchmark two			10.00%
Earnings per share used in calculation, benchmark two			$ 0.5
Administrative Services [Member] | American Realty Capital Advisors V, LLC [Member] | Advisor [Member]
Related Party Transaction [Line Items]
Asset management fees to related party					$ 0	$ 2,900,000	$ 1,200,000	$ 0
Absorbed General and Administrative Expenses [Member] | American Realty Capital Advisors V, LLC [Member] | Advisor [Member]
Related Party Transaction [Line Items]
Asset management fees to related party						0	$ 0
Lease Commissions [Member] | American Realty Capital Advisors V, LLC [Member]
Related Party Transaction [Line Items]
Expenses incurred						$ 1,300,000
Annual Targeted Investor Return [Member] | American Realty Capital Advisors V, LLC [Member] | Pre-tax Non-compounded Return on Capital Contribution [Member] | Advisor [Member]
Related Party Transaction [Line Items]
Cumulative capital investment return						6.00%
Total commissions and fees from the Former Dealer Manager [Member]
Related Party Transaction [Line Items]
Share Price (in dollars per share)						$ 22.50

Related Party Transactions an72

Related Party Transactions and Arrangements (Fees Paid in Connection With the Operations of the Company, Incurred and Payable) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Total commissions and fees from the Former Dealer Manager	$ 18,000	$ 13,009	$ 0
Deferred costs, net	3,767	0
Acquisition fees and related cost reimbursements [Member] | Advisor [Member]
Related Party Transaction [Line Items]
Total commissions and fees from the Former Dealer Manager	900
Deferred costs, net	400
Total related party operation fees and reimbursements [Member]
Related Party Transaction [Line Items]
Total commissions and fees from the Former Dealer Manager	22,840	25,782	19,222
Payable	910	541
One-time fees and reimbursements [Member] | Acquisition fees and related cost reimbursements [Member]
Related Party Transaction [Line Items]
Total commissions and fees from the Former Dealer Manager	0	1,330	10,578
Payable	0	0
One-time fees and reimbursements [Member] | Financing coordination fees [Member]
Related Party Transaction [Line Items]
Total commissions and fees from the Former Dealer Manager	0	5,850	5,678
Payable	0	0
Ongoing fees [Member] | Asset management fees [Member]
Related Party Transaction [Line Items]
Total commissions and fees from the Former Dealer Manager	18,000	13,009	0
Payable	0	0
Ongoing fees [Member] | Professional fees and other reimbursements [Member]
Related Party Transaction [Line Items]
Total commissions and fees from the Former Dealer Manager	3,104	4,020	2,364
Payable	763	541
Ongoing fees [Member] | Distributions on Class B Units [Member]
Related Party Transaction [Line Items]
Total commissions and fees from the Former Dealer Manager	1,736	1,573	$ 602
Payable	$ 147	$ 0

Related Party Transactions an73

Related Party Transactions and Arrangements (Fees Paid in Connection with the Liquidation or Listing of the Company's Real Estate Assets) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Total commissions and fees from the Former Dealer Manager	$ 18,000,000	$ 13,009,000	$ 0
Advisor [Member] | Real Estate Commissions [Member]
Related Party Transaction [Line Items]
Total commissions and fees from the Former Dealer Manager	$ 600,000	$ 0
Contract Sales Price [Member] | American Realty Capital Advisors V, LLC [Member] | Advisor [Member] | Brokerage Commission Fees [Member]
Related Party Transaction [Line Items]
Real estate commissions as a percentage of benchmark	2.00%
Contract Sales Price [Member] | American Realty Capital Advisors V, LLC [Member] | Advisor [Member] | Real Estate Commissions [Member]
Related Party Transaction [Line Items]
Real estate commissions as a percentage of benchmark	6.00%
Cash Distribution [Member] | Special Limited Partner [Member]
Related Party Transaction [Line Items]
Obligation to distribute, equal to market value of stock or sum of proceeds from offering	15.00%
Minimum cumulative, non-compounded pre-tax annual return	6.00%

Related Party Transactions an74

Related Party Transactions and Arrangements (Related Party Agreements Executed in Connection with the Mergers) (Details) - USD ($)	Sep. 06, 2016	Sep. 05, 2016	Jul. 20, 2015	Mar. 15, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Ineligible termination period	60 days
Advisor [Member]
Related Party Transaction [Line Items]
Term of agreement					20 years
Variable management fee, percent of quarterly earnings, benchmark one					15.00%
Basis for variable management fee, benchmark one					$ 0.375
Variable management fee, percent of quarterly earnings, benchmark two					10.00%
Basis for variable management fee, benchmark two					$ 0.50
Percentage of independent directors approval needed to terminate agreement	67.00%
Advisor [Member] | Base Management Fee [Member]
Related Party Transaction [Line Items]
Expenses incurred		$ 18,000,000
Quarterly payments, percent of net proceeds from equity financing	1.25%	0.375%	0.375%
Advisor [Member] | Base Management Fee - First Year following Effective Time [Member]
Related Party Transaction [Line Items]
Expenses incurred	$ 21,000,000
Transaction multiplier	0.0031
Advisor [Member] | Base Management Fee - Second Year following Effective Time [Member]
Related Party Transaction [Line Items]
Expenses incurred	$ 22,500,000
Transaction multiplier	0.0047
Advisor [Member] | Base Management Fee - Thereafter [Member]
Related Party Transaction [Line Items]
Expenses incurred	$ 24,000,000
Transaction multiplier	0.0062
Advisor [Member] | Termination Fees for Agreement [Member]
Related Party Transaction [Line Items]
Expenses incurred		$ 15,000,000
Advisor [Member] | Base Subject Fees Spread [Member]
Related Party Transaction [Line Items]
Transaction multiplier	4
Advisor [Member] | Subject Fees [Member]
Related Party Transaction [Line Items]
Transaction multiplier	4.5
Advisor [Member] | Subject Fees - Applicable if Internalization Occurs On or After January 1, 2029 [Member]
Related Party Transaction [Line Items]
Transaction multiplier	3.5
Advisor [Member] | Basis Spread - Purchase Price [Member]
Related Party Transaction [Line Items]
Related party fee, quarterly payments, percent of net proceeds from equity financing	1.00%
Advisor [Member] | Basis Spread - Equity Raised [Member]
Related Party Transaction [Line Items]
Related party fee, quarterly payments, percent of net proceeds from equity financing	1.00%
Property Manager [Member] | Property Management Fee [Member]
Related Party Transaction [Line Items]
Percentage of gross rental receipts	4.00%
Percentage of reimbursable administrative charges	15.00%
Property Manager [Member] | Transition Fees [Member]
Related Party Transaction [Line Items]
Expenses incurred	$ 2,500
Construction fee percentage	6.00%
American Realty Capital - Retail Centers of America, Inc. [Member] | Subsequent Event [Member]
Related Party Transaction [Line Items]
Payments for redemption of OP units				$ 2,800,000

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	Mar. 31, 2015	Apr. 30, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Sep. 06, 2016	Apr. 04, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, par value (in dollars per share)			$ 0.01	$ 0.01		$ 0.01	$ 0.01
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
Vesting period			5 years
Periodic vesting percentage			20.00%
Maximum authorized amount as a percentage of shares authorized	5.00%	10.00%	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 [Roll Forward]
Beginning balance (in shares)			7,455	4,799	4,000
Granted (in shares)			3,723	6,240	3,999
Vested (in shares)			(1,811)	(1,067)	(800)
Forfeited (in shares)				(2,517)	(2,400)
Ending balance (in shares)			9,367	7,455	4,799
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning Balance (in dollars per share)			$ 23.34	$ 22.50	$ 22.50
Granted (in dollars per share)			24.17	24.04	22.50
Vested (in dollars per share)			23.19	22.50	22.50
Forfeited (in dollars per share)				23.83	22.50
Ending Balance (in dollars per share)			$ 23.70	$ 23.34	$ 22.50
Unrecognized compensation costs			$ 200
Weighted average period for recognition			3 years 2 months 14 days
Share based compensation expense			$ 100	$ 51	$ 21
Distribution Reinvestment Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, par value (in dollars per share)		$ 0.01

Net Loss Per Share (Details)

Net Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Basic and diluted net loss (in usd)	$ (35,595)	$ (8,729)	$ (4,077)	$ (5,854)	$ (12,966)	$ (11,428)	$ (1,624)	$ 4,901	$ 4,835	$ 1,610	$ 1,127	$ (9,569)	$ (54,255)	$ (21,117)	$ (1,997)
Basic and diluted weighted-average shares outstanding	65,795,812	65,741,735	65,301,764	64,955,420									65,450,432	66,028,245	64,333,260
Basic and diluted net loss per share (in dollars per share)	$ (0.54)	$ (0.13)	$ (0.06)	$ (0.09)									$ (0.83)	$ (0.32)	$ (0.03)
Antidilutive shares													1,060,495	959,525	370,097
Advisor [Member] | Contract Purchase Price [Member] | American Realty Capital Advisors V, LLC [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares													1,052,420
American Realty Capital Advisors V, LLC [Member] | Advisor [Member] | Contract Purchase Price [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares														1,052,420		703,796
Unvested Restricted Stock [Member] | Restricted Share Plan [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Unvested restricted stock outstanding	9,367				7,455				4,799				9,367	7,455	4,799	4,000
Unvested Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares													7,985	6,349	5,221
OP Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares													90	90	90
Class B Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares													1,052,420	953,086	364,786

Quarterly Results (Unaudited)77

Quarterly Results (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Effect of Fourth Quarter Events [Line Items]
Total revenues	$ 44,847	$ 44,758	$ 44,277	$ 43,786	$ 44,312	$ 44,051	$ 43,269	$ 42,866	$ 42,958	$ 43,222	$ 42,076	$ 30,124	$ 177,668	$ 174,498	$ 158,380
Net loss	$ (35,595)	$ (8,729)	$ (4,077)	$ (5,854)	(12,966)	(11,428)	(1,624)	4,901	4,835	1,610	1,127	(9,569)	$ (54,255)	$ (21,117)	$ (1,997)
Basic and diluted weighted-average shares outstanding (in shares)	65,795,812	65,741,735	65,301,764	64,955,420									65,450,432	66,028,245	64,333,260
Adjustments to net income (loss) for common share equivalents					0	0	0	(116)	(92)	(98)	(156)	0
Diluted net income (loss)					$ (12,966)	$ (11,428)	$ (1,624)	$ 4,785	$ 4,743	$ 1,512	$ 971	$ (9,569)
Basic weighted-average shares outstanding (in shares)					65,937,566	66,450,057	66,045,785	65,672,016	65,243,247	64,654,279	64,018,318	62,693,554
Basic net income (loss) per share (in dollars per share)					$ (0.20)	$ (0.17)	$ (0.02)	$ 0.07	$ 0.07	$ 0.02	$ 0.02	$ (0.15)
Diluted weighted-average shares outstanding (in shares)					65,937,566	66,450,057	66,045,785	65,677,204	65,248,137	64,661,074	64,023,762	62,693,554
Diluted net income (loss) per share (in dollars per share)					$ (0.20)	$ (0.17)	$ (0.02)	$ 0.07	$ 0.07	$ 0.02	$ 0.02	$ (0.15)
Basic and diluted net loss per share (in dollars per share)	$ (0.54)	$ (0.13)	$ (0.06)	$ (0.09)									$ (0.83)	$ (0.32)	$ (0.03)
Scenario, Adjustment [Member]
Effect of Fourth Quarter Events [Line Items]
Total revenues										$ (400)	$ (400)	$ (100)
Depreciation and amortization										$ (3,700)	$ (3,400)	$ (1,200)

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details)	Feb. 17, 2017USD ($)	Feb. 16, 2017USD ($)property	Jan. 31, 2017USD ($)	Jan. 24, 2017USD ($)	Dec. 31, 2016USD ($)property
Subsequent Event [Line Items]
Number of real estate properties | property					455
SunTrust Banks [Member]
Subsequent Event [Line Items]
Number of real estate properties | property					57
Purchase price					$ 30,200,000
Sylva, NC [Member] | SunTrust Banks [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Purchase price				$ 200,000
Landover, MD [Member] | SunTrust Banks [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Purchase price	$ 800,000
Amended Credit Facility [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Additional borrowing capacity		$ 575,000,000
Revolving Credit Facility [Member] | Amended Credit Facility [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Borrowing capacity		325,000,000
Swingline Subfacility [Member] | Amended Credit Facility [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Borrowing capacity		25,000,000
Letter of Credit [Member] | Amended Credit Facility [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Borrowing capacity		$ 20,000,000
Interest rate, option one | Federal Funds Effective Rate [Member] | Amended Credit Facility [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Basis spread on variable rate		0.50%
Interest rate, option one | London Interbank Offered Rate (LIBOR) [Member] | Amended Credit Facility [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Basis spread on variable rate		1.00%
Minimum [Member] | Interest rate, option two | Federal Funds Effective Rate [Member] | Amended Credit Facility [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Basis spread on variable rate		0.35%
Minimum [Member] | Interest rate, option two | London Interbank Offered Rate (LIBOR) [Member] | Amended Credit Facility [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Basis spread on variable rate		1.35%
Maximum [Member] | Interest rate, option two | Federal Funds Effective Rate [Member] | Amended Credit Facility [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Basis spread on variable rate		1.00%
Maximum [Member] | Interest rate, option two | London Interbank Offered Rate (LIBOR) [Member] | Amended Credit Facility [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Basis spread on variable rate		2.00%
American Realty Capital - Retail Centers of America, Inc. [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Number of real estate properties | property		35
Merrill Lynch Properties [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Purchase price			$ 148,000,000

Real Estate and Accumulated D79

Real Estate and Accumulated Depreciation - Schedule III (Summary of Real Estate Properties) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,037,767
Land, Initial Cost	337,461
Buildings and Improvements, Initial Cost	1,411,458
Land, Costs Capitalized Subsequent to Acquisition	(8,805)
Costs Capitalized Subsequent to Acquisition	(15,856)
Gross Amount	1,724,258	$ 1,899,099	$ 1,899,099	$ 1,016,599
Accumulated Depreciation	183,437	141,594	$ 74,648	$ 12,077
Mortgage notes payable, net of deferred financing costs	1,022,275	1,033,582
Acquired intangible lease assets	300,129	$ 319,028
Tax basis	2,000,000
Accumulated amortization	$ 103,700
Buildings, useful life	40 years
Land improvements, useful life	15 years
Fixtures, useful life	5 years
Encumbrances Allocated [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 784,342
Mission, TX [Member] | Dollar General [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	142
Buildings and Improvements, Initial Cost	807
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	949
Accumulated Depreciation	166
Sullivan, MO [Member] | Dollar General [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	146
Buildings and Improvements, Initial Cost	825
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	971
Accumulated Depreciation	170
Pine Bluff, AR [Member] | Walgreens [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	159
Buildings and Improvements, Initial Cost	3,016
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,175
Accumulated Depreciation	633
Bogalusa, LA [Member] | Dollar General, II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	107
Buildings and Improvements, Initial Cost	965
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,072
Accumulated Depreciation	190
Donaldsonville, LA [Member] | Dollar General, II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	97
Buildings and Improvements, Initial Cost	871
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	968
Accumulated Depreciation	171
Cut Off, LA [Member] | Auto Zone [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	67
Buildings and Improvements, Initial Cost	1,282
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,349
Accumulated Depreciation	246
Athens, MI [Member] | Dollar General III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	48
Buildings and Improvements, Initial Cost	907
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	955
Accumulated Depreciation	174
Fowler, MI [Member] | Dollar General III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	49
Buildings and Improvements, Initial Cost	940
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	989
Accumulated Depreciation	181
Hudson, MI [Member] | Dollar General III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	102
Buildings and Improvements, Initial Cost	922
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,024
Accumulated Depreciation	177
Muskegon, MI [Member] | Dollar General III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	49
Buildings and Improvements, Initial Cost	939
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	988
Accumulated Depreciation	180
Reese, MI [Member] | Dollar General III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	150
Buildings and Improvements, Initial Cost	848
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	998
Accumulated Depreciation	163
Ft Myers, FL [Member] | BSFS I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,215
Buildings and Improvements, Initial Cost	1,822
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,037
Accumulated Depreciation	361
Bainbridge, GA [Member] | Dollar General IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	233
Buildings and Improvements, Initial Cost	700
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	933
Accumulated Depreciation	134
Vanleer, TN [Member] | Dollar General IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	78
Buildings and Improvements, Initial Cost	705
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	783
Accumulated Depreciation	135
Vernon, CT [Member] | Tractor Supply I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	358
Buildings and Improvements, Initial Cost	3,220
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,578
Accumulated Depreciation	525
Meruax, LA [Member] | Dollar General V [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	708
Buildings and Improvements, Initial Cost	1,315
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,023
Accumulated Depreciation	253
Tallahassee, FL [Member] | Matress Firm I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,015
Buildings and Improvements, Initial Cost	1,241
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,256
Accumulated Depreciation	238
Butler, KY [Member] | Family Dollar I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	126
Buildings and Improvements, Initial Cost	711
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	837
Accumulated Depreciation	137
Charlotte, NC [Member] | Food Lion I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	3,132
Buildings and Improvements, Initial Cost	4,697
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	7,829
Accumulated Depreciation	771
Charlotte, NC [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	529
Buildings and Improvements, Initial Cost	650
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,179
Accumulated Depreciation	53
Charlotte, NC [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	651
Buildings and Improvements, Initial Cost	444
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,095
Accumulated Depreciation	46
Creedmoor, NC [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	306
Buildings and Improvements, Initial Cost	789
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,095
Accumulated Depreciation	67
Macon, GA [Member] | Lowes I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	0
Buildings and Improvements, Initial Cost	8,420
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	8,420
Accumulated Depreciation	1,323
Macon, GA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	214
Buildings and Improvements, Initial Cost	771
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	985
Accumulated Depreciation	71
Fayetteville, NC [Member] | Lowes I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	0
Buildings and Improvements, Initial Cost	6,422
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	6,422
Accumulated Depreciation	1,009
New Bern, NC [Member] | Lowes I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,812
Buildings and Improvements, Initial Cost	10,269
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	12,081
Accumulated Depreciation	1,614
Rocky MT, NC [Member] | Lowes I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,931
Buildings and Improvements, Initial Cost	10,940
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	12,871
Accumulated Depreciation	1,719
Maintowoc, WI [Member] | O'Reilly Auto [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	85
Buildings and Improvements, Initial Cost	761
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	846
Accumulated Depreciation	143
Aiken, SC [Member] | Lowes I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,764
Buildings and Improvements, Initial Cost	7,056
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	8,820
Accumulated Depreciation	1,107
Aiken, SC [Member] | Mattress Firm I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	426
Buildings and Improvements, Initial Cost	1,029
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,455
Accumulated Depreciation	103
Danville, AR [Member] | Family Dollar II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	170
Buildings and Improvements, Initial Cost	679
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	849
Accumulated Depreciation	127
Natalbany, LA [Member] | Dollar General VI [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	379
Buildings and Improvements, Initial Cost	883
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,262
Accumulated Depreciation	165
Gasburg, VA [Member] | Dollar General VII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	52
Buildings and Improvements, Initial Cost	993
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,045
Accumulated Depreciation	186
Tucker, GA [Member] | Walgreens II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	0
Buildings and Improvements, Initial Cost	2,524
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,524
Accumulated Depreciation	505
Challis, ID [Member] | Family Dollar III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	44
Buildings and Improvements, Initial Cost	828
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	872
Accumulated Depreciation	155
Lake Jackson, TX [Member] | Chili's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	746
Buildings and Improvements, Initial Cost	1,741
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,487
Accumulated Depreciation	409
Victoria, TX [Member] | Chili's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	813
Buildings and Improvements, Initial Cost	1,897
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,710
Accumulated Depreciation	445
Anniston, AL [Member] | CVS I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	472
Buildings and Improvements, Initial Cost	1,887
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,359
Accumulated Depreciation	377
Westminster, CO [Member] | Joe's Crab Shack I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,136
Buildings and Improvements, Initial Cost	2,650
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,786
Accumulated Depreciation	622
Houston, TX [Member] | Joe's Crab Shack I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,169
Buildings and Improvements, Initial Cost	2,171
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,340
Accumulated Depreciation	510
Houston, TX [Member] | LA Fitness I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	2,540
Buildings and Improvements, Initial Cost	8,379
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	10,919
Accumulated Depreciation	1,359
Lake Wales, FL [Member] | Tire Kingdom I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	556
Buildings and Improvements, Initial Cost	1,296
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,852
Accumulated Depreciation	251
Temple, GA [Member] | Auto Zone II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	569
Buildings and Improvements, Initial Cost	854
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,423
Accumulated Depreciation	160
Stanleytown, VA [Member] | Dollar General VIII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	185
Buildings and Improvements, Initial Cost	1,049
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,234
Accumulated Depreciation	196
Oil City, LA [Member] | Family Dollar IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	76
Buildings and Improvements, Initial Cost	685
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	761
Accumulated Depreciation	128
Montevalo, AL [Member] | Fresenius I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	300
Buildings and Improvements, Initial Cost	1,699
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,999
Accumulated Depreciation	266
Mabelvale, AR [Member] | Dollar General IX [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	38
Buildings and Improvements, Initial Cost	723
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	761
Accumulated Depreciation	135
Angola, IN [Member] | Advance Auto I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	35
Buildings and Improvements, Initial Cost	671
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	706
Accumulated Depreciation	123
Hernando, MS [Member] | Arby's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	624
Buildings and Improvements, Initial Cost	1,455
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,079
Accumulated Depreciation	333
Holyoke, MA [Member] | CVS II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	0
Buildings and Improvements, Initial Cost	2,258
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,258
Accumulated Depreciation	440
Lansing, MI [Member] | Walgreens III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	216
Buildings and Improvements, Initial Cost	4,099
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	4,315
Accumulated Depreciation	799
Beaumont, TX [Member] | Walgreens IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	499
Buildings and Improvements, Initial Cost	1,995
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,494
Accumulated Depreciation	389
Salt Lake City, UT [Member] | American Express Travel Related Services I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	4,150
Buildings and Improvements, Initial Cost	32,789
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	36,939
Accumulated Depreciation	8,352
Greensboro, NC [Member] | American Express Travel Related Services I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,620
Buildings and Improvements, Initial Cost	41,401
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	43,021
Accumulated Depreciation	9,770
Greensboro, NC [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	650
Buildings and Improvements, Initial Cost	712
Land, Costs Capitalized Subsequent to Acquisition	(192)
Costs Capitalized Subsequent to Acquisition	(189)
Gross Amount	981
Accumulated Depreciation	71
Greensboro, NC [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	488
Buildings and Improvements, Initial Cost	794
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,282
Accumulated Depreciation	72
Greensboro, NC [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	619
Buildings and Improvements, Initial Cost	742
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,361
Accumulated Depreciation	78
Greensboro, NC II [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	326
Buildings and Improvements, Initial Cost	633
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	959
Accumulated Depreciation	55
Piedmont, SC [Member] | AmeriCold
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	3,030
Buildings and Improvements, Initial Cost	24,067
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	27,097
Accumulated Depreciation	4,771
Gaffney, SC [Member] | AmeriCold
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,360
Buildings and Improvements, Initial Cost	5,666
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	7,026
Accumulated Depreciation	1,123
Pendergrass, GA [Member] | AmeriCold
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	2,810
Buildings and Improvements, Initial Cost	26,572
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	29,382
Accumulated Depreciation	5,268
Gainesville, GA [Member] | AmeriCold
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,580
Buildings and Improvements, Initial Cost	13,838
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	15,418
Accumulated Depreciation	2,743
Cartersville, GA [Member] | AmeriCold
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,640
Buildings and Improvements, Initial Cost	14,533
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	16,173
Accumulated Depreciation	2,881
Cartersville, GA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	658
Buildings and Improvements, Initial Cost	1,734
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,392
Accumulated Depreciation	140
Douglas, GA [Member] | AmeriCold
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	750
Buildings and Improvements, Initial Cost	7,076
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	7,826
Accumulated Depreciation	1,403
Douglas, GA [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	73
Buildings and Improvements, Initial Cost	1,248
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,321
Accumulated Depreciation	97
Belvidere, IL [Member] | AmeriCold
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	2,170
Buildings and Improvements, Initial Cost	17,843
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	20,013
Accumulated Depreciation	3,537
Brooklyn Park, MN [Member] | AmeriCold
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,590
Buildings and Improvements, Initial Cost	11,940
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	13,530
Accumulated Depreciation	2,367
Zumbrota, MN [Member] | AmeriCold
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	2,440
Buildings and Improvements, Initial Cost	18,152
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	20,592
Accumulated Depreciation	3,599
Greenwell Springs, LA [Member] | Dollar General X [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	114
Buildings and Improvements, Initial Cost	1,029
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,143
Accumulated Depreciation	188
Valdosta, GA [Member] | Home Depot I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	2,930
Buildings and Improvements, Initial Cost	30,538
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	33,468
Accumulated Depreciation	4,673
Valdosta, GA [Member] | Mattress Firm III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	169
Buildings and Improvements, Initial Cost	1,522
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,691
Accumulated Depreciation	256
Birmingham, AL [Member] | Home Depot I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	3,660
Buildings and Improvements, Initial Cost	33,667
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	37,327
Accumulated Depreciation	5,152
Birmingham, AL [Member] | C&S Wholesale Grocer I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	4,951
Buildings and Improvements, Initial Cost	36,894
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	41,845
Accumulated Depreciation	2,685
Taunton, MA [Member] | Advance Auto III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	404
Buildings and Improvements, Initial Cost	1,148
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,552
Accumulated Depreciation	88
San Antonio, TX [Member] | National Tire & Battery I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	577
Buildings and Improvements, Initial Cost	577
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,154
Accumulated Depreciation	109
Hanahan, SC [Member] | New Breed Logistics I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	2,940
Buildings and Improvements, Initial Cost	19,171
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	22,111
Accumulated Depreciation	3,801
Atlanta, GA [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	2,190
Buildings and Improvements, Initial Cost	5,666
Land, Costs Capitalized Subsequent to Acquisition	(291)
Costs Capitalized Subsequent to Acquisition	(641)
Gross Amount	6,924
Accumulated Depreciation	843
Atlanta, GA [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,071
Buildings and Improvements, Initial Cost	2,293
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,364
Accumulated Depreciation	196
Atlanta, GA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	3,027
Buildings and Improvements, Initial Cost	4,873
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	7,900
Accumulated Depreciation	367
District of Columbia [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	590
Buildings and Improvements, Initial Cost	2,366
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,956
Accumulated Depreciation	412
New Smyrna Beach, FL [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	740
Buildings and Improvements, Initial Cost	2,859
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,599
Accumulated Depreciation	498
Brooksville, FL [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	360
Buildings and Improvements, Initial Cost	127
Land, Costs Capitalized Subsequent to Acquisition	(137)
Costs Capitalized Subsequent to Acquisition	(40)
Gross Amount	310
Accumulated Depreciation	22
Brooksville, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	460
Buildings and Improvements, Initial Cost	954
Land, Costs Capitalized Subsequent to Acquisition	(175)
Costs Capitalized Subsequent to Acquisition	(331)
Gross Amount	908
Accumulated Depreciation	84
West Palm Beach, FL [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	520
Buildings and Improvements, Initial Cost	2,264
Land, Costs Capitalized Subsequent to Acquisition	(177)
Costs Capitalized Subsequent to Acquisition	(636)
Gross Amount	1,971
Accumulated Depreciation	394
Orlando, FL [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	540
Buildings and Improvements, Initial Cost	3,069
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,609
Accumulated Depreciation	534
Orlando, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,234
Buildings and Improvements, Initial Cost	1,125
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,359
Accumulated Depreciation	97
Orlando, FL II [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	410
Buildings and Improvements, Initial Cost	2,078
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,488
Accumulated Depreciation	362
Orlando, FL II [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	874
Buildings and Improvements, Initial Cost	1,922
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,796
Accumulated Depreciation	154
Ft Pierce, FL [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	720
Buildings and Improvements, Initial Cost	1,434
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,154
Accumulated Depreciation	250
Atlanta, GA II [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	570
Buildings and Improvements, Initial Cost	1,152
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,722
Accumulated Depreciation	201
Atlanta, GA II [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	4,422
Buildings and Improvements, Initial Cost	1,559
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	5,981
Accumulated Depreciation	130
Mundelein, IL [Member] | National Tire & Battery II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	0
Buildings and Improvements, Initial Cost	1,742
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,742
Accumulated Depreciation	328
Waycross, GA [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	300
Buildings and Improvements, Initial Cost	1,425
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,725
Accumulated Depreciation	248
Cary, NC [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	370
Buildings and Improvements, Initial Cost	841
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,211
Accumulated Depreciation	147
Stokesdale, NC [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	230
Buildings and Improvements, Initial Cost	581
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	811
Accumulated Depreciation	101
Summerfield, NC [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	210
Buildings and Improvements, Initial Cost	605
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	815
Accumulated Depreciation	105
Waynesville, NC [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	200
Buildings and Improvements, Initial Cost	874
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,074
Accumulated Depreciation	152
Fountain Inn, SC [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	290
Buildings and Improvements, Initial Cost	1,086
Land, Costs Capitalized Subsequent to Acquisition	(155)
Costs Capitalized Subsequent to Acquisition	(479)
Gross Amount	742
Accumulated Depreciation	189
Nashville, TN [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	190
Buildings and Improvements, Initial Cost	666
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	856
Accumulated Depreciation	116
Nashville, TN [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	890
Buildings and Improvements, Initial Cost	504
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,394
Accumulated Depreciation	53
Nashville, TN [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	204
Buildings and Improvements, Initial Cost	740
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	944
Accumulated Depreciation	57
Nashville, TN [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,035
Buildings and Improvements, Initial Cost	745
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,780
Accumulated Depreciation	60
Savannah, TN [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	390
Buildings and Improvements, Initial Cost	1,179
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,569
Accumulated Depreciation	205
Chattanooga, TN I [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	220
Buildings and Improvements, Initial Cost	781
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,001
Accumulated Depreciation	136
Chattanooga, TN I [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	191
Buildings and Improvements, Initial Cost	335
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	526
Accumulated Depreciation	27
Oak Ridge, TN [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	500
Buildings and Improvements, Initial Cost	1,277
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,777
Accumulated Depreciation	222
Doswell, VA [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	190
Buildings and Improvements, Initial Cost	510
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	700
Accumulated Depreciation	89
Vinton, VA [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	120
Buildings and Improvements, Initial Cost	366
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	486
Accumulated Depreciation	64
New Market, VA [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	330
Buildings and Improvements, Initial Cost	948
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,278
Accumulated Depreciation	165
Brunswick, GA [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	80
Buildings and Improvements, Initial Cost	249
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	329
Accumulated Depreciation	43
Brunswick, GA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	384
Buildings and Improvements, Initial Cost	888
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,272
Accumulated Depreciation	77
Burlington, NC [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	200
Buildings and Improvements, Initial Cost	497
Land, Costs Capitalized Subsequent to Acquisition	(21)
Costs Capitalized Subsequent to Acquisition	(43)
Gross Amount	633
Accumulated Depreciation	87
Pittsboro, NC [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	100
Buildings and Improvements, Initial Cost	304
Land, Costs Capitalized Subsequent to Acquisition	(20)
Costs Capitalized Subsequent to Acquisition	(50)
Gross Amount	334
Accumulated Depreciation	53
Pittsboro, NC [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	61
Buildings and Improvements, Initial Cost	510
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	571
Accumulated Depreciation	37
Dunwoody, GA [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	460
Buildings and Improvements, Initial Cost	2,714
Land, Costs Capitalized Subsequent to Acquisition	(85)
Costs Capitalized Subsequent to Acquisition	(412)
Gross Amount	2,677
Accumulated Depreciation	473
Athens, GA [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	610
Buildings and Improvements, Initial Cost	1,662
Land, Costs Capitalized Subsequent to Acquisition	(97)
Costs Capitalized Subsequent to Acquisition	(218)
Gross Amount	1,957
Accumulated Depreciation	289
Athens, GA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	427
Buildings and Improvements, Initial Cost	472
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	899
Accumulated Depreciation	60
Spencer, NC [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	280
Buildings and Improvements, Initial Cost	717
Land, Costs Capitalized Subsequent to Acquisition	(67)
Costs Capitalized Subsequent to Acquisition	(141)
Gross Amount	789
Accumulated Depreciation	125
Cleveland, TN [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	170
Buildings and Improvements, Initial Cost	461
Land, Costs Capitalized Subsequent to Acquisition	(21)
Costs Capitalized Subsequent to Acquisition	(47)
Gross Amount	563
Accumulated Depreciation	80
Cleveland, TN [Member] | Krystal I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	207
Buildings and Improvements, Initial Cost	1,172
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,379
Accumulated Depreciation	268
Nassawadox, VA [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	70
Buildings and Improvements, Initial Cost	484
Land, Costs Capitalized Subsequent to Acquisition	(8)
Costs Capitalized Subsequent to Acquisition	(47)
Gross Amount	499
Accumulated Depreciation	84
Burlington, IA [Member] | Circle K I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	224
Buildings and Improvements, Initial Cost	523
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	747
Accumulated Depreciation	96
Clinton, IA [Member] | Circle K I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	334
Buildings and Improvements, Initial Cost	779
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,113
Accumulated Depreciation	142
Muscatine, IA [Member] | Circle K I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	274
Buildings and Improvements, Initial Cost	821
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,095
Accumulated Depreciation	150
Aledo, IL [Member] | Circle K I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	427
Buildings and Improvements, Initial Cost	1,709
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,136
Accumulated Depreciation	312
Bloomington, IL [Member] | Circle K I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	316
Buildings and Improvements, Initial Cost	586
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	902
Accumulated Depreciation	107
Bloomington, IL [Member] | Walgreens VII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,568
Buildings and Improvements, Initial Cost	3,659
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	5,227
Accumulated Depreciation	713
Bloomington, IL II [Member] | Circle K I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	395
Buildings and Improvements, Initial Cost	592
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	987
Accumulated Depreciation	108
Champaign, IL [Member] | Circle K I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	412
Buildings and Improvements, Initial Cost	504
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	916
Accumulated Depreciation	92
Champaign, IL [Member] | O'Charley's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	256
Buildings and Improvements, Initial Cost	1,449
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,705
Accumulated Depreciation	332
Galesburg, IL [Member] | Circle K I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	355
Buildings and Improvements, Initial Cost	829
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,184
Accumulated Depreciation	151
Jacksonville, IL [Member] | Circle K I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	351
Buildings and Improvements, Initial Cost	818
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,169
Accumulated Depreciation	149
Jacksonville, IL II [Member] | Circle K I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	316
Buildings and Improvements, Initial Cost	474
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	790
Accumulated Depreciation	87
Matoon, IL [Member] | Circle K I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	608
Buildings and Improvements, Initial Cost	1,129
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,737
Accumulated Depreciation	206
Morton, IL [Member] | Circle K I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	350
Buildings and Improvements, Initial Cost	525
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	875
Accumulated Depreciation	96
Paris, IL [Member] | Circle K I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	429
Buildings and Improvements, Initial Cost	797
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,226
Accumulated Depreciation	146
Staunton, IL [Member] | Circle K I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	467
Buildings and Improvements, Initial Cost	1,867
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,334
Accumulated Depreciation	341
Vandalia, IL [Member] | Circle K I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	529
Buildings and Improvements, Initial Cost	983
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,512
Accumulated Depreciation	179
Virden, IL [Member] | Circle K I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	302
Buildings and Improvements, Initial Cost	1,208
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,510
Accumulated Depreciation	220
Lafayette, IN [Member] | Circle K I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	401
Buildings and Improvements, Initial Cost	746
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,147
Accumulated Depreciation	136
Bedford, OH [Member] | Circle K I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	702
Buildings and Improvements, Initial Cost	702
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,404
Accumulated Depreciation	128
Streetsboro, OH [Member] | Circle K I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	540
Buildings and Improvements, Initial Cost	540
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,080
Accumulated Depreciation	99
Oklahoma City, OK [Member] | Walgreens V [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,295
Buildings and Improvements, Initial Cost	3,884
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	5,179
Accumulated Depreciation	757
Gillette, WY [Member] | Walgreens VI [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,198
Buildings and Improvements, Initial Cost	2,796
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,994
Accumulated Depreciation	545
Highstown, NJ [Member] | 1st Constitution Bancorp I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	260
Buildings and Improvements, Initial Cost	1,471
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,731
Accumulated Depreciation	256
Chatanooga, TN [Member] | American Tire Distributors I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	401
Buildings and Improvements, Initial Cost	7,626
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	8,027
Accumulated Depreciation	1,512
Chatanooga, TN [Member] | Krystal I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	285
Buildings and Improvements, Initial Cost	855
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,140
Accumulated Depreciation	196
Chatanooga, TN [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	358
Buildings and Improvements, Initial Cost	564
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	922
Accumulated Depreciation	50
Watertown, SD [Member] | Fedex Ground I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	136
Buildings and Improvements, Initial Cost	2,581
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,717
Accumulated Depreciation	512
Jacksonville, FL [Member] | Krystal I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	533
Buildings and Improvements, Initial Cost	799
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,332
Accumulated Depreciation	183
Jacksonville, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	871
Buildings and Improvements, Initial Cost	372
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,243
Accumulated Depreciation	37
Columbus, GA [Member] | Krystal I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	143
Buildings and Improvements, Initial Cost	1,288
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,431
Accumulated Depreciation	295
Columbus, GA [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	417
Buildings and Improvements, Initial Cost	1,395
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,812
Accumulated Depreciation	114
Ft. Oglethorpe, GA [Member] | Krystal I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	181
Buildings and Improvements, Initial Cost	1,024
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,205
Accumulated Depreciation	234
Madison, TN [Member] | Krystal I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	416
Buildings and Improvements, Initial Cost	624
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,040
Accumulated Depreciation	143
Lexington, KY [Member] | O'Charley's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	409
Buildings and Improvements, Initial Cost	955
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,364
Accumulated Depreciation	219
Conyers, GA [Member] | O'Charley's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	373
Buildings and Improvements, Initial Cost	2,113
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,486
Accumulated Depreciation	484
Conyers, GA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	205
Buildings and Improvements, Initial Cost	1,334
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,539
Accumulated Depreciation	105
Southaven, MS [Member] | O'Charley's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	836
Buildings and Improvements, Initial Cost	1,553
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,389
Accumulated Depreciation	355
Daphne, AL [Member] | O'Charley's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	142
Buildings and Improvements, Initial Cost	1,275
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,417
Accumulated Depreciation	292
Kennesaw, GA [Member] | O'Charley's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	142
Buildings and Improvements, Initial Cost	1,280
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,422
Accumulated Depreciation	293
Kennesaw, GA [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	930
Buildings and Improvements, Initial Cost	1,727
Land, Costs Capitalized Subsequent to Acquisition	(437)
Costs Capitalized Subsequent to Acquisition	(741)
Gross Amount	1,479
Accumulated Depreciation	151
Springfield, OH [Member] | O'Charley's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	262
Buildings and Improvements, Initial Cost	1,484
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,746
Accumulated Depreciation	340
Murfreesboro, TN [Member] | O'Charley's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	597
Buildings and Improvements, Initial Cost	1,109
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,706
Accumulated Depreciation	254
Murfreesboro, TN [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	451
Buildings and Improvements, Initial Cost	847
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,298
Accumulated Depreciation	65
McDonough, GA [Member] | Matress Firm I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	185
Buildings and Improvements, Initial Cost	1,663
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,848
Accumulated Depreciation	288
McDonough, GA [Member] | O'Charley's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	335
Buildings and Improvements, Initial Cost	1,899
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,234
Accumulated Depreciation	434
Simpsonville, SC [Member] | O'Charley's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	349
Buildings and Improvements, Initial Cost	1,395
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,744
Accumulated Depreciation	319
Grove City, OH [Member] | O'Charley's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	387
Buildings and Improvements, Initial Cost	1,546
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,933
Accumulated Depreciation	354
Clarksville, TN [Member] | O'Charley's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	917
Buildings and Improvements, Initial Cost	1,376
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,293
Accumulated Depreciation	315
Columbus, OH [Member] | O'Charley's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	271
Buildings and Improvements, Initial Cost	1,533
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,804
Accumulated Depreciation	351
Foley, AL [Member] | O'Charley's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	264
Buildings and Improvements, Initial Cost	1,495
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,759
Accumulated Depreciation	342
Corydon, IN [Member] | O'Charley's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	260
Buildings and Improvements, Initial Cost	1,473
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,733
Accumulated Depreciation	337
Salisbury, NC [Member] | O'Charley's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	439
Buildings and Improvements, Initial Cost	1,024
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,463
Accumulated Depreciation	234
Salisbury, NC [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	264
Buildings and Improvements, Initial Cost	293
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	557
Accumulated Depreciation	33
Mauldin, SC II [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	542
Buildings and Improvements, Initial Cost	704
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,246
Accumulated Depreciation	69
Carrolton, GA [Member] | O'Charley's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	457
Buildings and Improvements, Initial Cost	1,067
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,524
Accumulated Depreciation	244
Lake Charles, LA [Member] | O'Charley's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,118
Buildings and Improvements, Initial Cost	1,367
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,485
Accumulated Depreciation	313
Hattiesburg, MS [Member] | O'Charley's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	413
Buildings and Improvements, Initial Cost	1,651
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,064
Accumulated Depreciation	378
Greenfield, IN [Member] | O'Charley's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	507
Buildings and Improvements, Initial Cost	1,184
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,691
Accumulated Depreciation	271
Monroe, MI [Member] | Walgreens VII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,149
Buildings and Improvements, Initial Cost	2,680
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,829
Accumulated Depreciation	523
St. Louis, MO [Member] | Walgreens VII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	903
Buildings and Improvements, Initial Cost	2,107
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,010
Accumulated Depreciation	411
Rockledge, FL [Member] | Walgreens VII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,040
Buildings and Improvements, Initial Cost	1,931
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,971
Accumulated Depreciation	377
Florissant, MO [Member] | Walgreens VII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	474
Buildings and Improvements, Initial Cost	1,422
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,896
Accumulated Depreciation	277
Florissant, MO II [Member] | Walgreens VII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	561
Buildings and Improvements, Initial Cost	1,309
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,870
Accumulated Depreciation	255
Alton, IL [Member] | Walgreens VII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,158
Buildings and Improvements, Initial Cost	3,474
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	4,632
Accumulated Depreciation	677
Springfield, IL [Member] | Walgreens VII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,319
Buildings and Improvements, Initial Cost	3,078
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	4,397
Accumulated Depreciation	600
Washington, IL [Member] | Walgreens VII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	964
Buildings and Improvements, Initial Cost	2,893
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,857
Accumulated Depreciation	564
Mahomet, IL [Member] | Walgreens VII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,432
Buildings and Improvements, Initial Cost	2,659
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	4,091
Accumulated Depreciation	519
Houghton, MI [Member] | Tractor Supply II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	204
Buildings and Improvements, Initial Cost	1,158
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,362
Accumulated Depreciation	179
Howard, WI [Member] | United Healthcare I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	3,805
Buildings and Improvements, Initial Cost	47,565
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	51,370
Accumulated Depreciation	4,118
Harlan, KY [Member] | Tractor Supply III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	248
Buildings and Improvements, Initial Cost	2,232
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,480
Accumulated Depreciation	337
Knoxville, TN [Member] | Mattress Firm II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	189
Buildings and Improvements, Initial Cost	754
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	943
Accumulated Depreciation	134
Greenville, MS [Member] | Dollar General XI [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	192
Buildings and Improvements, Initial Cost	769
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	961
Accumulated Depreciation	137
Cape, Girardeau, MO [Member] | Academy Sports I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	384
Buildings and Improvements, Initial Cost	7,292
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	7,676
Accumulated Depreciation	1,110
Eagle Pass, TX [Member] | Talercris Plasma Resources I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	286
Buildings and Improvements, Initial Cost	2,577
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,863
Accumulated Depreciation	384
Winchester, KY [Member] | Amazon I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	362
Buildings and Improvements, Initial Cost	8,070
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	8,432
Accumulated Depreciation	1,306
Montclair, NJ [Member] | Fresenius II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,214
Buildings and Improvements, Initial Cost	2,255
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,469
Accumulated Depreciation	336
Sharon Hill, PA [Member] | Fresenius II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	345
Buildings and Improvements, Initial Cost	1,956
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,301
Accumulated Depreciation	291
Le Center, MN [Member] | Dollar General XII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	47
Buildings and Improvements, Initial Cost	886
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	933
Accumulated Depreciation	158
Bunnell, FL [Member] | Advance Auto II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	92
Buildings and Improvements, Initial Cost	1,741
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,833
Accumulated Depreciation	310
Washington, GA [Member] | Advance Auto II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	55
Buildings and Improvements, Initial Cost	1,042
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,097
Accumulated Depreciation	185
Vidor, TX [Member] | Dollar General XIII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	46
Buildings and Improvements, Initial Cost	875
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	921
Accumulated Depreciation	156
Leland, MS [Member] | FedEx Ground II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	220
Buildings and Improvements, Initial Cost	4,186
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	4,406
Accumulated Depreciation	809
Algonquin, IL [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	798
Buildings and Improvements, Initial Cost	798
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,596
Accumulated Depreciation	140
Antioch, IL [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	706
Buildings and Improvements, Initial Cost	471
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,177
Accumulated Depreciation	83
Crystal Lake, IL [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	541
Buildings and Improvements, Initial Cost	232
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	773
Accumulated Depreciation	41
Grayslake, IL [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	582
Buildings and Improvements, Initial Cost	476
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,058
Accumulated Depreciation	84
Gurnee, IL [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	931
Buildings and Improvements, Initial Cost	931
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,862
Accumulated Depreciation	163
McHenry, IL [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	742
Buildings and Improvements, Initial Cost	318
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,060
Accumulated Depreciation	56
Round Lake Beach, IL [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,273
Buildings and Improvements, Initial Cost	1,042
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,315
Accumulated Depreciation	183
Waukegan, IL [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	611
Buildings and Improvements, Initial Cost	611
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,222
Accumulated Depreciation	107
Woodstock, IL [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	869
Buildings and Improvements, Initial Cost	290
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,159
Accumulated Depreciation	51
Austintown, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	221
Buildings and Improvements, Initial Cost	1,251
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,472
Accumulated Depreciation	219
Beavercreek, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	410
Buildings and Improvements, Initial Cost	761
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,171
Accumulated Depreciation	134
Celina, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	233
Buildings and Improvements, Initial Cost	932
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,165
Accumulated Depreciation	164
Chardon, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	332
Buildings and Improvements, Initial Cost	497
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	829
Accumulated Depreciation	87
Chesterland, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	320
Buildings and Improvements, Initial Cost	747
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,067
Accumulated Depreciation	131
Cortland, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	118
Buildings and Improvements, Initial Cost	1,063
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,181
Accumulated Depreciation	187
Dayton, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	464
Buildings and Improvements, Initial Cost	862
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,326
Accumulated Depreciation	151
Fairborn, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	421
Buildings and Improvements, Initial Cost	982
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,403
Accumulated Depreciation	172
Girard, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	421
Buildings and Improvements, Initial Cost	1,264
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,685
Accumulated Depreciation	222
Greenville, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	248
Buildings and Improvements, Initial Cost	993
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,241
Accumulated Depreciation	174
Madison, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	282
Buildings and Improvements, Initial Cost	845
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,127
Accumulated Depreciation	148
Mentor, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	196
Buildings and Improvements, Initial Cost	786
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	982
Accumulated Depreciation	138
Niles, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	304
Buildings and Improvements, Initial Cost	1,214
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,518
Accumulated Depreciation	213
North Royalton, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	156
Buildings and Improvements, Initial Cost	886
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,042
Accumulated Depreciation	156
Painesville, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	170
Buildings and Improvements, Initial Cost	965
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,135
Accumulated Depreciation	169
Poland, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	212
Buildings and Improvements, Initial Cost	847
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,059
Accumulated Depreciation	149
Ravenna, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	391
Buildings and Improvements, Initial Cost	1,172
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,563
Accumulated Depreciation	206
Salem, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	352
Buildings and Improvements, Initial Cost	1,408
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,760
Accumulated Depreciation	247
Trotwood, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	266
Buildings and Improvements, Initial Cost	798
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,064
Accumulated Depreciation	140
Twinsburg, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	458
Buildings and Improvements, Initial Cost	850
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,308
Accumulated Depreciation	149
Vandalia, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	182
Buildings and Improvements, Initial Cost	728
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	910
Accumulated Depreciation	128
Warren, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	176
Buildings and Improvements, Initial Cost	997
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,173
Accumulated Depreciation	175
Warren, OH II [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	168
Buildings and Improvements, Initial Cost	1,516
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,684
Accumulated Depreciation	266
Willoughby, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	394
Buildings and Improvements, Initial Cost	920
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,314
Accumulated Depreciation	161
Youngstown, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	300
Buildings and Improvements, Initial Cost	901
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,201
Accumulated Depreciation	158
Youngstown, OH II [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	186
Buildings and Improvements, Initial Cost	1,675
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,861
Accumulated Depreciation	294
Youngstown, OH III [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	147
Buildings and Improvements, Initial Cost	1,324
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,471
Accumulated Depreciation	232
Youngstown, OH IV [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	370
Buildings and Improvements, Initial Cost	1,481
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,851
Accumulated Depreciation	260
Bethel Park, PA [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	342
Buildings and Improvements, Initial Cost	634
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	976
Accumulated Depreciation	111
North Fayette, PA [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	463
Buildings and Improvements, Initial Cost	1,388
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,851
Accumulated Depreciation	244
N Versailles, PA [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	553
Buildings and Improvements, Initial Cost	1,659
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,212
Accumulated Depreciation	291
Columbiana, OH [Member] | Burger King I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	581
Buildings and Improvements, Initial Cost	871
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,452
Accumulated Depreciation	153
Ft Smith, AR [Member] | Dollar General XIV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	184
Buildings and Improvements, Initial Cost	1,042
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,226
Accumulated Depreciation	180
Hot Springs, AR [Member] | Dollar General XIV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	287
Buildings and Improvements, Initial Cost	862
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,149
Accumulated Depreciation	149
Royal, AR [Member] | Dollar General XIV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	137
Buildings and Improvements, Initial Cost	777
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	914
Accumulated Depreciation	135
Wilson, NY [Member] | Dollar General XV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	172
Buildings and Improvements, Initial Cost	972
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,144
Accumulated Depreciation	168
Bismarck, ND [Member] | FedEx Ground III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	554
Buildings and Improvements, Initial Cost	3,139
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,693
Accumulated Depreciation	590
LaFollette, TN [Member] | Dollar General XVI [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	43
Buildings and Improvements, Initial Cost	824
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	867
Accumulated Depreciation	143
Carrollton, MO [Member] | Family Dollar V [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	37
Buildings and Improvements, Initial Cost	713
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	750
Accumulated Depreciation	124
Bettendorf, IA [Member] | Walgreens VIII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,398
Buildings and Improvements, Initial Cost	3,261
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	4,659
Accumulated Depreciation	603
Detroit, MI [Member] | CVS III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	447
Buildings and Improvements, Initial Cost	2,533
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,980
Accumulated Depreciation	469
Walden, CO [Member] | Family Dollar VI [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	100
Buildings and Improvements, Initial Cost	568
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	668
Accumulated Depreciation	98
Virginia, MN [Member] | Arby's II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	117
Buildings and Improvements, Initial Cost	1,056
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,173
Accumulated Depreciation	176
Kremmling, CO [Member] | Family Dollar VI [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	194
Buildings and Improvements, Initial Cost	778
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	972
Accumulated Depreciation	131
Syracuse, NY [Member] | SAAB Sensis I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	7,841
Land, Initial Cost	2,516
Buildings and Improvements, Initial Cost	12,570
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	15,086
Accumulated Depreciation	1,071
Doylestown, PA [Member] | Citizens Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	588
Buildings and Improvements, Initial Cost	1,373
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,961
Accumulated Depreciation	221
Lansdale, PA [Member] | Citizens Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	531
Buildings and Improvements, Initial Cost	1,238
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,769
Accumulated Depreciation	199
Lima, PA [Member] | Citizens Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,376
Buildings and Improvements, Initial Cost	1,682
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,058
Accumulated Depreciation	270
Philadelphia, PA (Frankford) [Member] | Citizens Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	473
Buildings and Improvements, Initial Cost	2,680
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,153
Accumulated Depreciation	431
Philadelphia, PA II [Member] | Citizens Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	412
Buildings and Improvements, Initial Cost	2,337
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,749
Accumulated Depreciation	376
Philadelphia, PA III [Member] | Citizens Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	321
Buildings and Improvements, Initial Cost	2,889
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,210
Accumulated Depreciation	464
Philadelphia, PA V [Member] | Citizens Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	388
Buildings and Improvements, Initial Cost	1,551
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,939
Accumulated Depreciation	249
Richboro, PA [Member] | Citizens Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	642
Buildings and Improvements, Initial Cost	1,193
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,835
Accumulated Depreciation	192
Wayne, PA [Member] | Citizens Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,923
Buildings and Improvements, Initial Cost	1,923
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,846
Accumulated Depreciation	309
Waterford, MI [Member] | Walgreens IX [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	514
Buildings and Improvements, Initial Cost	4,531
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	5,045
Accumulated Depreciation	359
Lakeland, FL [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	590
Buildings and Improvements, Initial Cost	705
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,295
Accumulated Depreciation	72
Lakeland, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	927
Buildings and Improvements, Initial Cost	1,594
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,521
Accumulated Depreciation	155
Pensacola, FL [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	513
Buildings and Improvements, Initial Cost	297
Land, Costs Capitalized Subsequent to Acquisition	(74)
Costs Capitalized Subsequent to Acquisition	(39)
Gross Amount	697
Accumulated Depreciation	31
Plant City, FL [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	499
Buildings and Improvements, Initial Cost	1,139
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,638
Accumulated Depreciation	106
Vero Beach, FL [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	825
Buildings and Improvements, Initial Cost	2,682
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,507
Accumulated Depreciation	224
Vero Beach, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	675
Buildings and Improvements, Initial Cost	483
Land, Costs Capitalized Subsequent to Acquisition	(372)
Costs Capitalized Subsequent to Acquisition	(240)
Gross Amount	546
Accumulated Depreciation	47
Osprey, FL [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	450
Buildings and Improvements, Initial Cost	2,086
Land, Costs Capitalized Subsequent to Acquisition	(187)
Costs Capitalized Subsequent to Acquisition	(787)
Gross Amount	1,562
Accumulated Depreciation	196
Panama City, FL [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	484
Buildings and Improvements, Initial Cost	1,075
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,559
Accumulated Depreciation	98
Miami, FL [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	3,187
Buildings and Improvements, Initial Cost	3,224
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	6,411
Accumulated Depreciation	272
Winter Park, FL [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	2,264
Buildings and Improvements, Initial Cost	1,079
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,343
Accumulated Depreciation	101
Fruitland Park, FL [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	305
Buildings and Improvements, Initial Cost	785
Land, Costs Capitalized Subsequent to Acquisition	(126)
Costs Capitalized Subsequent to Acquisition	(292)
Gross Amount	672
Accumulated Depreciation	75
Seminole, F [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,329
Buildings and Improvements, Initial Cost	3,486
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	4,815
Accumulated Depreciation	286
Okeechobee, FL [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	339
Buildings and Improvements, Initial Cost	1,569
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,908
Accumulated Depreciation	170
Norcross, GA [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	660
Buildings and Improvements, Initial Cost	252
Land, Costs Capitalized Subsequent to Acquisition	(255)
Costs Capitalized Subsequent to Acquisition	(88)
Gross Amount	569
Accumulated Depreciation	25
Douglasville, GA [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	410
Buildings and Improvements, Initial Cost	749
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,159
Accumulated Depreciation	66
Duluth, GA [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,081
Buildings and Improvements, Initial Cost	2,111
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,192
Accumulated Depreciation	179
Cockeysville, MD [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	2,184
Buildings and Improvements, Initial Cost	479
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,663
Accumulated Depreciation	41
Apex, NC [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	296
Buildings and Improvements, Initial Cost	1,240
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,536
Accumulated Depreciation	102
Arden, NC [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	374
Buildings and Improvements, Initial Cost	216
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	590
Accumulated Depreciation	23
East Ridge, TN [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	276
Buildings and Improvements, Initial Cost	475
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	751
Accumulated Depreciation	47
Fredricksburg, VA [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,623
Buildings and Improvements, Initial Cost	446
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,069
Accumulated Depreciation	46
Lynchburg, VA [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	584
Buildings and Improvements, Initial Cost	1,255
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,839
Accumulated Depreciation	111
Chesapeake, VA [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	490
Buildings and Improvements, Initial Cost	695
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,185
Accumulated Depreciation	64
Bushnell, FL [Member] | SunTrust Bank II [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	385
Buildings and Improvements, Initial Cost	1,216
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,601
Accumulated Depreciation	96
Meridian, ID [Member] | Mattress Firm IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	691
Buildings and Improvements, Initial Cost	1,193
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,884
Accumulated Depreciation	107
Sunrise Beach, MO [Member] | Dollar General XII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	105
Buildings and Improvements, Initial Cost	795
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	900
Accumulated Depreciation	100
Council Bluffs, IA [Member] | FedEx Ground IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	768
Buildings and Improvements, Initial Cost	3,908
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	4,676
Accumulated Depreciation	365
Florence, AL [Member] | Mattress Firm V [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	299
Buildings and Improvements, Initial Cost	1,478
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,777
Accumulated Depreciation	128
Bernice, LA [Member] | Family Dollar VII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	51
Buildings and Improvements, Initial Cost	527
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	578
Accumulated Depreciation	48
Erie, PA [Member] | Aaron's I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	126
Buildings and Improvements, Initial Cost	708
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	834
Accumulated Depreciation	58
Caro, MI [Member] | Autozone III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	135
Buildings and Improvements, Initial Cost	855
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	990
Accumulated Depreciation	73
Westfield MA [Member] | C&S Wholesale Grocer I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	29,500
Land, Initial Cost	12,050
Buildings and Improvements, Initial Cost	29,727
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	41,777
Accumulated Depreciation	2,737
Hatfield (North) MA [Member] | C&S Wholesale Grocer I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	20,280
Land, Initial Cost	1,951
Buildings and Improvements, Initial Cost	27,528
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	29,479
Accumulated Depreciation	2,514
Hatfield (South), MA [Member] | C&S Wholesale Grocer I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	10,000
Land, Initial Cost	1,420
Buildings and Improvements, Initial Cost	14,169
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	15,589
Accumulated Depreciation	1,047
Aberdeen, MD [Member] | C&S Wholesale Grocer I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	22,533
Land, Initial Cost	3,615
Buildings and Improvements, Initial Cost	27,684
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	31,299
Accumulated Depreciation	2,005
Dexter, NM [Member] | Family Dollar VIII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	79
Buildings and Improvements, Initial Cost	745
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	824
Accumulated Depreciation	74
Hale Center, TX [Member] | Family Dollar VIII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	111
Buildings and Improvements, Initial Cost	624
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	735
Accumulated Depreciation	62
Plains, TX [Member] | Family Dollar VIII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	100
Buildings and Improvements, Initial Cost	624
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	724
Accumulated Depreciation	62
Tullos, LA [Member] | Dollar General XVII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	114
Buildings and Improvements, Initial Cost	736
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	850
Accumulated Depreciation	63
Muscle Shoals, AL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	242
Buildings and Improvements, Initial Cost	1,480
Land, Costs Capitalized Subsequent to Acquisition	(31)
Costs Capitalized Subsequent to Acquisition	(174)
Gross Amount	1,517
Accumulated Depreciation	135
Sarasota, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	741
Buildings and Improvements, Initial Cost	852
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,593
Accumulated Depreciation	77
Fort Meade, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	175
Buildings and Improvements, Initial Cost	2,375
Land, Costs Capitalized Subsequent to Acquisition	(72)
Costs Capitalized Subsequent to Acquisition	(899)
Gross Amount	1,579
Accumulated Depreciation	188
Port St. Lucie, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	913
Buildings and Improvements, Initial Cost	1,772
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,685
Accumulated Depreciation	153
Mulberry, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	406
Buildings and Improvements, Initial Cost	753
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,159
Accumulated Depreciation	67
Gainsville, FL I [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	458
Buildings and Improvements, Initial Cost	2,139
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,597
Accumulated Depreciation	170
Gainesville, FL II [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	457
Buildings and Improvements, Initial Cost	816
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,273
Accumulated Depreciation	73
Gulf Breeze, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,092
Buildings and Improvements, Initial Cost	1,569
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,661
Accumulated Depreciation	134
Sarasota, FL II [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	955
Buildings and Improvements, Initial Cost	1,329
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,284
Accumulated Depreciation	112
Hobe Sound, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	442
Buildings and Improvements, Initial Cost	1,521
Land, Costs Capitalized Subsequent to Acquisition	(182)
Costs Capitalized Subsequent to Acquisition	(574)
Gross Amount	1,207
Accumulated Depreciation	124
Port St. Lucie, FL II [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	996
Buildings and Improvements, Initial Cost	872
Land, Costs Capitalized Subsequent to Acquisition	(555)
Costs Capitalized Subsequent to Acquisition	(441)
Gross Amount	872
Accumulated Depreciation	81
Mount Dora, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	570
Buildings and Improvements, Initial Cost	1,933
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,503
Accumulated Depreciation	153
Daytona, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	376
Buildings and Improvements, Initial Cost	1,379
Land, Costs Capitalized Subsequent to Acquisition	(174)
Costs Capitalized Subsequent to Acquisition	(585)
Gross Amount	996
Accumulated Depreciation	117
Lutz, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	438
Buildings and Improvements, Initial Cost	1,477
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,915
Accumulated Depreciation	117
Jacksonville, FL II [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	366
Buildings and Improvements, Initial Cost	1,136
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,502
Accumulated Depreciation	95
Boca Raton, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,617
Buildings and Improvements, Initial Cost	690
Land, Costs Capitalized Subsequent to Acquisition	(364)
Costs Capitalized Subsequent to Acquisition	(142)
Gross Amount	1,801
Accumulated Depreciation	60
Tamarac, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	997
Buildings and Improvements, Initial Cost	1,241
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,238
Accumulated Depreciation	105
Pompano, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	886
Buildings and Improvements, Initial Cost	2,024
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,910
Accumulated Depreciation	159
St. Cloud, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,046
Buildings and Improvements, Initial Cost	1,887
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,933
Accumulated Depreciation	155
Ormond Beach, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,047
Buildings and Improvements, Initial Cost	1,566
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,613
Accumulated Depreciation	137
Daytona Beach, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	443
Buildings and Improvements, Initial Cost	1,586
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,029
Accumulated Depreciation	137
Osmond Beach, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	854
Buildings and Improvements, Initial Cost	1,385
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,239
Accumulated Depreciation	117
Osmond Beach, FL II [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	873
Buildings and Improvements, Initial Cost	2,235
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,108
Accumulated Depreciation	178
Inverness, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	867
Buildings and Improvements, Initial Cost	2,559
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,426
Accumulated Depreciation	210
Indian Harbour, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	914
Buildings and Improvements, Initial Cost	1,181
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,095
Accumulated Depreciation	138
Melbourne, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	772
Buildings and Improvements, Initial Cost	1,927
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,699
Accumulated Depreciation	158
St. Petersburg, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	803
Buildings and Improvements, Initial Cost	1,043
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,846
Accumulated Depreciation	86
Casselberry, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	609
Buildings and Improvements, Initial Cost	2,443
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,052
Accumulated Depreciation	195
Rocklodge, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	742
Buildings and Improvements, Initial Cost	1,126
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,868
Accumulated Depreciation	94
New Smyna Beach, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	244
Buildings and Improvements, Initial Cost	1,245
Land, Costs Capitalized Subsequent to Acquisition	(115)
Costs Capitalized Subsequent to Acquisition	(536)
Gross Amount	838
Accumulated Depreciation	104
New Port Richey, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	602
Buildings and Improvements, Initial Cost	1,104
Land, Costs Capitalized Subsequent to Acquisition	(330)
Costs Capitalized Subsequent to Acquisition	(554)
Gross Amount	822
Accumulated Depreciation	93
Tampa, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	356
Buildings and Improvements, Initial Cost	1,042
Land, Costs Capitalized Subsequent to Acquisition	(149)
Costs Capitalized Subsequent to Acquisition	(394)
Gross Amount	855
Accumulated Depreciation	103
Ocala, FL [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	347
Buildings and Improvements, Initial Cost	1,336
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,683
Accumulated Depreciation	151
Ocala, FL [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	581
Buildings and Improvements, Initial Cost	1,091
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,672
Accumulated Depreciation	104
St. Petersburg, FL II [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	211
Buildings and Improvements, Initial Cost	1,237
Land, Costs Capitalized Subsequent to Acquisition	(107)
Costs Capitalized Subsequent to Acquisition	(576)
Gross Amount	765
Accumulated Depreciation	103
Stone Mountain, GA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	605
Buildings and Improvements, Initial Cost	522
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,127
Accumulated Depreciation	43
Stone Mountain, GA [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	461
Buildings and Improvements, Initial Cost	475
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	936
Accumulated Depreciation	41
Lithonia, GA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	212
Buildings and Improvements, Initial Cost	770
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	982
Accumulated Depreciation	64
Union City, GA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	400
Buildings and Improvements, Initial Cost	542
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	942
Accumulated Depreciation	48
Peachtree City, GA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	887
Buildings and Improvements, Initial Cost	2,242
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,129
Accumulated Depreciation	188
Stockbridge, GA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	358
Buildings and Improvements, Initial Cost	760
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,118
Accumulated Depreciation	66
Morrow, GA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	400
Buildings and Improvements, Initial Cost	1,759
Land, Costs Capitalized Subsequent to Acquisition	(74)
Costs Capitalized Subsequent to Acquisition	(301)
Gross Amount	1,784
Accumulated Depreciation	139
Marietta, GA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	2,168
Buildings and Improvements, Initial Cost	1,169
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,337
Accumulated Depreciation	103
Marietta, GA II [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,087
Buildings and Improvements, Initial Cost	2,056
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,143
Accumulated Depreciation	159
Thomson, GA [Member] | Sun Trust Bank I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	480
Buildings and Improvements, Initial Cost	1,015
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,495
Accumulated Depreciation	177
Thomson, GA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	91
Buildings and Improvements, Initial Cost	719
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	810
Accumulated Depreciation	66
Savannah, GA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	224
Buildings and Improvements, Initial Cost	1,116
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,340
Accumulated Depreciation	91
Savannah, GA II [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	458
Buildings and Improvements, Initial Cost	936
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,394
Accumulated Depreciation	92
Albany, GA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	260
Buildings and Improvements, Initial Cost	531
Land, Costs Capitalized Subsequent to Acquisition	(25)
Costs Capitalized Subsequent to Acquisition	(45)
Gross Amount	721
Accumulated Depreciation	61
Sylvester, GA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	242
Buildings and Improvements, Initial Cost	845
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,087
Accumulated Depreciation	72
Annapolis, MD [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	3,331
Buildings and Improvements, Initial Cost	1,655
Land, Costs Capitalized Subsequent to Acquisition	(1,739)
Costs Capitalized Subsequent to Acquisition	(803)
Gross Amount	2,444
Accumulated Depreciation	117
Cambridge, MD [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,130
Buildings and Improvements, Initial Cost	1,265
Land, Costs Capitalized Subsequent to Acquisition	(187)
Costs Capitalized Subsequent to Acquisition	(194)
Gross Amount	2,014
Accumulated Depreciation	92
Avondale, MD [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,760
Buildings and Improvements, Initial Cost	485
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,245
Accumulated Depreciation	42
Asheboro, NC [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	458
Buildings and Improvements, Initial Cost	774
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,232
Accumulated Depreciation	68
Bessemer City, NC [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	212
Buildings and Improvements, Initial Cost	588
Land, Costs Capitalized Subsequent to Acquisition	(47)
Costs Capitalized Subsequent to Acquisition	(119)
Gross Amount	634
Accumulated Depreciation	49
Charlotte, NC II [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	563
Buildings and Improvements, Initial Cost	750
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,313
Accumulated Depreciation	67
Dunn, NC [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	384
Buildings and Improvements, Initial Cost	616
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,000
Accumulated Depreciation	57
Durham, NC [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	488
Buildings and Improvements, Initial Cost	742
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,230
Accumulated Depreciation	60
Durham, NC II [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	284
Buildings and Improvements, Initial Cost	506
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	790
Accumulated Depreciation	51
Hendersonville, NC [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	468
Buildings and Improvements, Initial Cost	945
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,413
Accumulated Depreciation	79
Lenoir, NC [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,021
Buildings and Improvements, Initial Cost	3,980
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	5,001
Accumulated Depreciation	302
Lexington, NC [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	129
Buildings and Improvements, Initial Cost	266
Land, Costs Capitalized Subsequent to Acquisition	(18)
Costs Capitalized Subsequent to Acquisition	(33)
Gross Amount	344
Accumulated Depreciation	34
Mebane, NC [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	500
Buildings and Improvements, Initial Cost	887
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,387
Accumulated Depreciation	71
Oxford, NC [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	530
Buildings and Improvements, Initial Cost	1,727
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,257
Accumulated Depreciation	133
Rural Hall, NC [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	158
Buildings and Improvements, Initial Cost	193
Land, Costs Capitalized Subsequent to Acquisition	(61)
Costs Capitalized Subsequent to Acquisition	(67)
Gross Amount	223
Accumulated Depreciation	20
Winston-Salem, NC [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	362
Buildings and Improvements, Initial Cost	513
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	875
Accumulated Depreciation	45
Yadkinville, NC [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	438
Buildings and Improvements, Initial Cost	765
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,203
Accumulated Depreciation	61
Greenville, SC [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	377
Buildings and Improvements, Initial Cost	871
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,248
Accumulated Depreciation	73
Greenville, SC [Member] | Bi-Lo I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,504
Buildings and Improvements, Initial Cost	4,770
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	6,274
Accumulated Depreciation	363
Greenville, SC II [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	264
Buildings and Improvements, Initial Cost	684
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	948
Accumulated Depreciation	58
Greenville, SC III [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	590
Buildings and Improvements, Initial Cost	1,007
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,597
Accumulated Depreciation	89
Greenville, SC IV [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	449
Buildings and Improvements, Initial Cost	1,640
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,089
Accumulated Depreciation	168
Nashville, TN II [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,776
Buildings and Improvements, Initial Cost	1,601
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,377
Accumulated Depreciation	148
Brentwood, TN [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	885
Buildings and Improvements, Initial Cost	1,987
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,872
Accumulated Depreciation	160
Brentwood, TN II [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	996
Buildings and Improvements, Initial Cost	1,536
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,532
Accumulated Depreciation	126
Smyrna, TN [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	501
Buildings and Improvements, Initial Cost	767
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,268
Accumulated Depreciation	71
Murfeesboro, TN II [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	262
Buildings and Improvements, Initial Cost	182
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	444
Accumulated Depreciation	21
Soddy Daisy, TN [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	338
Buildings and Improvements, Initial Cost	624
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	962
Accumulated Depreciation	49
Signal Mountain, TN [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	296
Buildings and Improvements, Initial Cost	697
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	993
Accumulated Depreciation	57
Chattanooga, TN [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	419
Buildings and Improvements, Initial Cost	811
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,230
Accumulated Depreciation	65
Kingsport, TN [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	162
Buildings and Improvements, Initial Cost	260
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	422
Accumulated Depreciation	24
Loudon, TN [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	331
Buildings and Improvements, Initial Cost	541
Land, Costs Capitalized Subsequent to Acquisition	(38)
Costs Capitalized Subsequent to Acquisition	(56)
Gross Amount	778
Accumulated Depreciation	45
Morristown, TN [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	214
Buildings and Improvements, Initial Cost	444
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	658
Accumulated Depreciation	51
Richmond, VA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	153
Buildings and Improvements, Initial Cost	313
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	466
Accumulated Depreciation	31
Richmond, VA II [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	233
Buildings and Improvements, Initial Cost	214
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	447
Accumulated Depreciation	21
Fairfax, VA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	2,835
Buildings and Improvements, Initial Cost	1,081
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,916
Accumulated Depreciation	86
Lexington, VA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	122
Buildings and Improvements, Initial Cost	385
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	507
Accumulated Depreciation	36
Roanoke, VA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	316
Buildings and Improvements, Initial Cost	734
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,050
Accumulated Depreciation	60
Williamsburg, VA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	447
Buildings and Improvements, Initial Cost	585
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,032
Accumulated Depreciation	55
Onancock, VA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	829
Buildings and Improvements, Initial Cost	1,300
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,129
Accumulated Depreciation	99
Accomac, VA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	149
Buildings and Improvements, Initial Cost	128
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	277
Accumulated Depreciation	10
Painter, VA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	89
Buildings and Improvements, Initial Cost	259
Land, Costs Capitalized Subsequent to Acquisition	(14)
Costs Capitalized Subsequent to Acquisition	(37)
Gross Amount	297
Accumulated Depreciation	24
Stafford, VA [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	2,130
Buildings and Improvements, Initial Cost	1,714
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,844
Accumulated Depreciation	138
Roanoke, VA II [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	753
Buildings and Improvements, Initial Cost	1,165
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,918
Accumulated Depreciation	99
Melbourne, FL II [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	788
Buildings and Improvements, Initial Cost	1,888
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,676
Accumulated Depreciation	149
Raleigh, NC [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	629
Buildings and Improvements, Initial Cost	1,581
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,210
Accumulated Depreciation	118
Richmond, VA III [Member] | SunTrust Bank III [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	3,141
Buildings and Improvements, Initial Cost	7,441
Land, Costs Capitalized Subsequent to Acquisition	(706)
Costs Capitalized Subsequent to Acquisition	(1,517)
Gross Amount	8,359
Accumulated Depreciation	692
Luke Mary, FL [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,911
Buildings and Improvements, Initial Cost	2,849
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	4,760
Accumulated Depreciation	226
Bayonet Point, FL [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	528
Buildings and Improvements, Initial Cost	1,172
Land, Costs Capitalized Subsequent to Acquisition	(257)
Costs Capitalized Subsequent to Acquisition	(524)
Gross Amount	919
Accumulated Depreciation	97
St. Augustine, FL [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	489
Buildings and Improvements, Initial Cost	2,129
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,618
Accumulated Depreciation	168
Deltona, FL [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	631
Buildings and Improvements, Initial Cost	1,512
Land, Costs Capitalized Subsequent to Acquisition	(300)
Costs Capitalized Subsequent to Acquisition	(655)
Gross Amount	1,188
Accumulated Depreciation	132
Spring Hill, FL [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	673
Buildings and Improvements, Initial Cost	2,550
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,223
Accumulated Depreciation	197
Pembroke Pines, FL [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,688
Buildings and Improvements, Initial Cost	548
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,236
Accumulated Depreciation	56
Palm Coast, FL [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	447
Buildings and Improvements, Initial Cost	1,548
Land, Costs Capitalized Subsequent to Acquisition	(218)
Costs Capitalized Subsequent to Acquisition	(691)
Gross Amount	1,086
Accumulated Depreciation	130
Clearwater, FL [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	783
Buildings and Improvements, Initial Cost	1,936
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,719
Accumulated Depreciation	149
Ocala, FL II [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	559
Buildings and Improvements, Initial Cost	750
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,309
Accumulated Depreciation	80
Chamblee, GA [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,029
Buildings and Improvements, Initial Cost	813
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,842
Accumulated Depreciation	72
Madison, GA [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	304
Buildings and Improvements, Initial Cost	612
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	916
Accumulated Depreciation	47
Prince Frederick, MD [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	2,431
Buildings and Improvements, Initial Cost	940
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	3,371
Accumulated Depreciation	83
Roxboro, NC [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	234
Buildings and Improvements, Initial Cost	1,100
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,334
Accumulated Depreciation	84
Liberty, SC [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	254
Buildings and Improvements, Initial Cost	911
Land, Costs Capitalized Subsequent to Acquisition	(145)
Costs Capitalized Subsequent to Acquisition	(478)
Gross Amount	542
Accumulated Depreciation	72
Johnson City, TN [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	174
Buildings and Improvements, Initial Cost	293
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	467
Accumulated Depreciation	32
Gloucester, VA [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	154
Buildings and Improvements, Initial Cost	2,281
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	2,435
Accumulated Depreciation	177
Collinsville, VA [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	215
Buildings and Improvements, Initial Cost	555
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	770
Accumulated Depreciation	47
Stuart, VA [Member] | SunTrust Bank IV [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	374
Buildings and Improvements, Initial Cost	1,532
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,906
Accumulated Depreciation	122
Deville, LA [Member] | Dollar General XVIII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	93
Buildings and Improvements, Initial Cost	741
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	834
Accumulated Depreciation	61
Holland, MI [Member] | Matress Firm I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	507
Buildings and Improvements, Initial Cost	1,014
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,521
Accumulated Depreciation	93
Bridgewater, NJ [Member] | Sanofi US I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	125,000
Land, Initial Cost	16,009
Buildings and Improvements, Initial Cost	194,287
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	210,296
Accumulated Depreciation	14,315
Hornbeck, LA [Member] | Dollar General XVII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	82
Buildings and Improvements, Initial Cost	780
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	862
Accumulated Depreciation	64
Fannettsburg, PA [Member] | Family Dollar IX [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	165
Buildings and Improvements, Initial Cost	803
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	968
Accumulated Depreciation	64
Saginaw, MI [Member] | Matress Firm I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	337
Buildings and Improvements, Initial Cost	1,140
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,477
Accumulated Depreciation	99
Bristol, RI [Member] | Stop & Shop I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	7,715
Land, Initial Cost	2,860
Buildings and Improvements, Initial Cost	10,010
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	12,870
Accumulated Depreciation	743
Cumberland, RI [Member] | Stop & Shop I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	3,295
Buildings and Improvements, Initial Cost	13,693
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	16,988
Accumulated Depreciation	1,044
Framingham, MA [Member] | Stop & Shop I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	8,572
Land, Initial Cost	3,971
Buildings and Improvements, Initial Cost	12,289
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	16,260
Accumulated Depreciation	851
Hyde Park, NY [Member] | Stop & Shop I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	3,154
Buildings and Improvements, Initial Cost	10,646
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	13,800
Accumulated Depreciation	787
Malden, MA [Member] | Stop & Shop I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	11,752
Land, Initial Cost	4,418
Buildings and Improvements, Initial Cost	15,195
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	19,613
Accumulated Depreciation	1,048
Sicklerville, NJ [Member] | Stop & Shop I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	2,367
Buildings and Improvements, Initial Cost	9,873
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	12,240
Accumulated Depreciation	711
Southington, CT [Member] | Stop & Shop I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	3,238
Buildings and Improvements, Initial Cost	13,169
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	16,407
Accumulated Depreciation	960
Swampscott, M [Member] | Stop & Shop I [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	10,232
Land, Initial Cost	3,644
Buildings and Improvements, Initial Cost	12,982
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	16,626
Accumulated Depreciation	894
Forest HIll, LA [Member] | Dollar General XVII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	83
Buildings and Improvements, Initial Cost	728
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	811
Accumulated Depreciation	59
Chelsea, OK [Member] | Dollar General XIX [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	231
Buildings and Improvements, Initial Cost	919
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,150
Accumulated Depreciation	81
Brookhaven, MS [Member] | Dollar General XX [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	186
Buildings and Improvements, Initial Cost	616
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	802
Accumulated Depreciation	49
Columbus, MS [Member] | Dollar General XX [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	370
Buildings and Improvements, Initial Cost	491
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	861
Accumulated Depreciation	44
Forest, MS [Member] | Dollar General XX [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	72
Buildings and Improvements, Initial Cost	856
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	928
Accumulated Depreciation	64
Rolling Fork, MS [Member] | Dollar General XX [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	244
Buildings and Improvements, Initial Cost	929
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,173
Accumulated Depreciation	71
West Point, MS [Member] | Dollar General XX [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	318
Buildings and Improvements, Initial Cost	506
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	824
Accumulated Depreciation	48
Huntington, WV [Member] | Dollar General XXI [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	101
Buildings and Improvements, Initial Cost	1,101
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,202
Accumulated Depreciation	91
Warren, IN [Member] | Dollar General XXII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	88
Buildings and Improvements, Initial Cost	962
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	1,050
Accumulated Depreciation	67
Sioux City, IA [Member] | FedEx Ground V [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	199
Buildings and Improvements, Initial Cost	5,639
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	5,838
Accumulated Depreciation	137
Grand Forks, ND [Member] | FedEx Ground VI [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	1,287
Buildings and Improvements, Initial Cost	8,988
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	10,275
Accumulated Depreciation	247
Eagle River, WI [Member] | FedEx Ground VII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	40
Buildings and Improvements, Initial Cost	6,022
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	6,062
Accumulated Depreciation	157
Wausau, WI [Member] | FedEx Ground VIII [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land, Initial Cost	202
Buildings and Improvements, Initial Cost	9,017
Land, Costs Capitalized Subsequent to Acquisition	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount	9,219
Accumulated Depreciation	$ 250

Real Estate and Accumulated D80

Real Estate and Accumulated Depreciation - Schedule III (Changes in Real Estate Properties and Accumulated Depreciation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Real estate investments, at cost:
Balance at beginning of year	$ 1,899,099	$ 1,899,099	$ 1,016,599
Additions - acquisitions	31,392	0	882,500
Disposals	(31,547)	0	0
Impairment charges	(24,661)	0	0
Reclassified to assets held for sale	(150,025)	0	0
Balance at end of the year	1,724,258	1,899,099	1,899,099
Accumulated depreciation:
Balance at beginning of year	141,594	74,648	12,077
Depreciation expense	66,831	66,946	62,571
Disposals	(1,018)	0	0
Reclassified to assets held for sale	(23,970)	0	0
Balance at end of the year	$ 183,437	$ 141,594	$ 74,648

Mortgage Loans on Real Estate81

Mortgage Loans on Real Estate - Schedule IV (Details) - Senior Loans [Member]	12 Months Ended
	Dec. 31, 2016USD ($)
Mortgage Loans on Real Estate [Line Items]
Par Value	$ 17,200,000
Carrying Amount	17,175,000
Student Housing - Multifamily [Member]
Mortgage Loans on Real Estate [Line Items]
Par Value	17,200,000
Carrying Amount	$ 17,175,000
London Interbank Offered Rate (LIBOR) [Member] | Student Housing - Multifamily [Member]
Mortgage Loans on Real Estate [Line Items]
Interest Rate	4.50%